HODNETT

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the COMO (GLOYD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274976District 05Field 19947142CondensateGasSaveExport
Value, all time
$1.1 M
Sep 2014 – May 2026
Value, last 12 filed months
$74 k
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 16 leases and 16 wells, and the rule below applies to all of them.

Discovered
1964-04-13
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 320 acres.

The Commission's schedule remark for this field reads: CASING OR TO BASE OF WILCOX, WHICHEVER IS DEEPER.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition14,177 bbl$827,384
GasProduction69,208 Mcf$222,986
Total$1,050,371

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 32.9900, -95.4861. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.99000, -95.48612 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,125 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,125 ft.

Completions filed
Mar 2014
1 of 1 wells

1 well

42-2233050818,125 ftMar 2014

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (141)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

141 months

May 20260386106.413.05$1,176
Apr 20268241898.932.87$9,312
Mar 202617246089.753.15$16,886
Feb 2026034663.503.75$1,298
Jan 2026042459.138.00$3,391
Dec 202521741556.664.41$14,127
Nov 2025043058.593.93$1,688
Oct 2025031459.383.30$1,038
Sep 2025027662.743.08$849
Aug 20257045263.933.01$5,838
Jul 202523837766.743.32$17,134
Jun 2025043866.483.13$1,370
May 20257044860.553.23$5,687
Apr 2025043462.363.54$1,538
Mar 20256044467.704.27$5,957
Feb 20255040470.884.34$5,298
Jan 2025044874.324.28$1,917
Dec 20240068.993.12$0
Nov 202423020169.052.20$16,323
Oct 2024041871.372.28$954
Sep 20246038469.612.36$5,085
Aug 20240075.632.06$0
Jul 20245040179.932.15$4,857
Jun 202422928978.082.63$18,642
May 20240078.812.20$0
Apr 20244837284.451.66$4,671
Mar 2024038480.301.55$593
Feb 20246735676.091.78$5,733
Jan 2024022673.023.30$745
Dec 20236819471.262.61$5,352
Nov 20236334577.892.81$5,876
Oct 2023036885.443.09$1,136
Sep 20236240089.042.74$6,615
Aug 20236231480.522.67$5,832
Jul 2023033074.852.64$872
Jun 202323925968.962.26$17,066
May 20230070.622.23$0
Apr 202355078.122.24$4,297
Mar 2023024772.852.39$591
Feb 2023217075.112.47$16,299
Jan 20236748376.533.39$6,764
Dec 20226336376.415.73$6,893
Nov 202214145085.005.65$14,526
Oct 20226230787.185.86$7,205
Sep 2022037784.888.16$3,078
Aug 202223332894.529.13$25,017
Jul 20220338101.587.54$2,549
Jun 2022670115.097.98$7,711
May 2022550109.378.43$6,015
Apr 2022163285104.226.84$18,937
Mar 2022133318108.885.08$16,095
Feb 2022025991.054.86$1,258
Jan 20226035881.844.54$6,535
Dec 2021025971.323.90$1,010
Nov 202123324677.435.24$19,329
Oct 2021026379.795.71$1,503
Sep 20216030069.865.35$5,797
Aug 202116032366.024.22$11,926
Jul 20214827170.783.98$4,477
Jun 2021021869.493.38$737
May 202117867063.483.02$13,321
Apr 2021064260.362.76$1,771
Mar 202117966861.302.72$12,788
Feb 202163057.805.55$3,641
Jan 2021028650.412.81$804
Dec 202018025244.642.68$8,709
Nov 2020025238.772.71$682
Oct 20205421836.972.48$2,537
Sep 2020064837.091.99$1,290
Aug 202030314439.982.39$12,457
Jul 2020030838.371.83$562
Jun 20204626334.901.69$2,050
May 2020028316.921.81$514
Apr 202018732814.751.80$3,350
Mar 202008430.341.86$156
Feb 20201823449.881.98$9,146
Jan 20206638957.252.09$4,593
Dec 20199366859.012.30$7,027
Nov 2019064855.302.75$1,782
Oct 20194363053.472.42$3,823
Sep 201916868155.052.66$11,058
Aug 20196073753.112.30$4,885
Jul 20196661656.272.46$5,229
Jun 201917357252.782.49$10,556
May 20196655758.482.74$5,386
Apr 2019618762.632.75$4,060
Mar 20197564356.803.06$6,229
Feb 20195563050.852.79$4,556
Jan 201917463646.033.23$10,062
Dec 20186362046.594.19$5,530
Nov 20186060052.934.24$5,718
Oct 201816962061.443.40$12,490
Sep 20187160059.543.11$6,092
Aug 20186662059.403.07$5,822
Jul 20186262065.142.93$5,856
Jun 20186960060.183.08$5,999
May 201822362065.382.90$16,378
Apr 20186260063.842.90$5,699
Mar 2018062061.222.79$1,728
Feb 20186656061.782.77$5,627
Jan 201829762062.874.01$21,158
Dec 2017062057.272.92$1,811
Nov 201723560055.423.12$14,895
Oct 20176362049.292.98$4,955
Sep 20176660047.523.09$4,989
Aug 20176262045.373.00$4,676
Jul 201717362043.873.09$9,504
Jun 20176560042.493.09$4,614
May 201722762045.373.26$12,322
Apr 20176660047.933.21$5,090
Mar 20176762046.772.98$4,983
Feb 201724456050.452.95$13,963
Jan 20174662049.413.42$4,393
Dec 201616862048.763.72$10,500
Nov 2016060042.492.64$1,587
Oct 201616862046.193.09$9,676
Sep 201616660041.553.10$8,758
Aug 201617462041.442.92$9,024
Jul 201617162041.622.92$8,930
Jun 2016060045.352.69$1,612
May 201616962042.521.99$8,420
Apr 201617320736.561.99$6,737
Mar 201617665033.011.79$6,976
Feb 201617649326.472.06$5,676
Jan 201617753027.352.36$6,094
Dec 201517059732.362.00$6,696
Nov 201517154638.792.17$7,816
Oct 201535578443.552.43$17,363
Sep 2015044442.992.76$1,225
Aug 201517889740.162.87$9,725
Jul 201516798048.152.95$10,927
Jun 20151791,01856.152.88$12,986
May 20151701,11555.212.96$12,681
Apr 201518194149.822.71$11,564
Mar 20151791,13842.892.93$11,017
Feb 20153551,14744.662.98$19,268
Jan 20151841,00643.433.10$11,110
Dec 20143441,76254.693.59$25,141
Nov 20141851,71970.464.25$20,344
Oct 20144941,46778.303.90$44,403
Sep 20141991,54586.164.05$23,396

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  386 Mcf  × $  3.05 =     $1,176

────────────────────────────────────────────────────
Month total                                   $1,176

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 05/G/274976 is the state's own key, not one this site invented.