CHANCELLOR UNIT NO. 1

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

Gas lease lease 49823District 05Field 75524500CondensateGasSaveExport
Value, all time
$3.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
401
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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1971-04-01
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 02/01/2009.

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
CondensateDisposition16,929 bbl$513,644
GasProduction935,283 Mcf$2,962,421
Total$3,476,065

270,829 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.6988, -96.2402. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.69882, -96.24022 · 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
13,700 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 13,700 ft.

Completions filed
Feb 1969
1 of 1 wells

1 well

42-16120034113,700 ftFeb 1969

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 (401)

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

401 months

May 20260353106.413.05$1,075
Apr 2026021898.932.87$626
Mar 2026021989.753.15$690
Feb 2026033463.503.75$1,253
Jan 2026032059.138.00$2,559
Dec 2025036756.664.41$1,620
Nov 2025036058.593.93$1,414
Oct 2025044559.383.30$1,471
Sep 2025043862.743.08$1,348
Aug 2025034563.933.01$1,040
Jul 2025038466.743.32$1,273
Jun 2025036266.483.13$1,133
May 2025032660.553.23$1,054
Apr 2025030262.363.54$1,070
Mar 2025032567.704.27$1,387
Feb 2025026970.884.34$1,168
Jan 2025036274.324.28$1,549
Dec 2024054268.993.12$1,692
Nov 2024057569.052.20$1,264
Oct 2024034071.372.28$776
Sep 2024041269.612.36$974
Aug 2024034075.632.06$702
Jul 2024035179.932.15$753
Jun 2024031178.082.63$819
May 20240078.812.20$0
Apr 2024023084.451.66$382
Mar 2024048880.301.55$754
Feb 2024027476.091.78$489
Jan 2024031873.023.30$1,049
Dec 2023034271.262.61$893
Nov 2023024177.892.81$677
Oct 2023038285.443.09$1,179
Sep 2023030089.042.74$821
Aug 2023039980.522.67$1,066
Jul 2023039474.852.64$1,041
Jun 2023038368.962.26$865
May 2023039070.622.23$869
Apr 2023026378.122.24$589
Mar 2023016872.852.39$402
Feb 2023016075.112.47$395
Jan 2023040376.533.39$1,365
Dec 2022036276.415.73$2,074
Nov 2022035485.005.65$1,999
Oct 2022041887.185.86$2,451
Sep 2022036484.888.16$2,972
Aug 2022024694.529.13$2,245
Jul 20220318101.587.54$2,398
Jun 20220271115.097.98$2,162
May 20220239109.378.43$2,016
Apr 20220205104.226.84$1,402
Mar 20220235108.885.08$1,193
Feb 2022019791.054.86$957
Jan 2022123681.844.54$1,153
Dec 2021023471.323.90$912
Nov 2021025577.435.24$1,335
Oct 2021045179.795.71$2,577
Sep 2021025469.865.35$1,359
Aug 2021028466.024.22$1,199
Jul 2021030770.783.98$1,223
Jun 2021042069.493.38$1,420
May 2021036463.483.02$1,098
Apr 2021636760.362.76$1,375
Mar 2021046361.302.72$1,258
Feb 2021025257.805.55$1,398
Jan 2021039950.412.81$1,121
Dec 2020051144.642.68$1,367
Nov 2020035138.772.71$950
Oct 2020031836.972.48$788
Sep 2020028237.091.99$561
Aug 20201730939.982.39$1,417
Jul 2020026038.371.83$475
Jun 2020028734.901.69$485
May 2020030616.921.81$555
Apr 2020030314.751.80$547
Mar 2020040830.341.86$757
Feb 2020033249.881.98$658
Jan 2020047357.252.09$991
Dec 2019065359.012.30$1,505
Nov 20191451355.302.75$2,185
Oct 2019046453.472.42$1,122
Sep 2019043555.052.66$1,156
Aug 2019047653.112.30$1,097
Jul 2019035656.272.46$876
Jun 2019041152.782.49$1,024
May 2019044558.482.74$1,219
Apr 2019045262.632.75$1,243
Mar 20191446556.803.06$2,219
Feb 2019039550.852.79$1,103
Jan 2019057146.033.23$1,843
Dec 20181157446.594.19$2,915
Nov 2018054352.934.24$2,301
Oct 2018057861.443.40$1,964
Sep 2018055859.543.11$1,734
Aug 2018055459.403.07$1,699
Jul 2018042065.142.93$1,231
Jun 20182043360.183.08$2,536
May 20188156065.382.90$6,920
Apr 2018061663.842.90$1,787
Mar 2018054061.222.79$1,505
Feb 2018061061.782.77$1,687
Jan 20182868562.874.01$4,507
Dec 2017068157.272.92$1,990
Nov 2017074855.423.12$2,333
Oct 2017065149.292.98$1,942
Sep 2017064247.523.09$1,982
Aug 201707245.373.00$216
Jul 20170043.873.09$0
Jun 201724042.493.09$1,020
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 2017022550.452.95$664
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 201613046.193.09$600
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20161127.352.36$30
Dec 20151132.362.00$34
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 201576056.152.88$4,267
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 201515442.892.93$201
Feb 201506044.662.98$179
Jan 201507643.433.10$236
Dec 2014055154.693.59$1,979
Nov 2014057970.464.25$2,462
Oct 20147519478.303.90$6,629
Sep 2014035186.164.05$1,420
Aug 2014138689.394.04$1,647
Jul 2014035796.564.18$1,492
Jun 2014132998.164.74$1,657
May 2014023494.734.73$1,106
Apr 2014026795.944.81$1,284
Mar 2014020195.895.06$1,016
Feb 2014016197.406.19$997
Jan 2014218690.404.86$2,316
Dec 2013011091.824.35$479
Nov 2013014388.853.74$535
Oct 20132211797.423.78$2,585
Sep 20130116104.113.72$431
Aug 20132110104.253.52$596
Jul 20130157102.523.72$584
Jun 2013015294.403.93$598
May 2013010894.834.15$448
Apr 20132121393.964.28$2,885
Mar 2013028193.623.91$1,100
Feb 20136212991.233.42$6,097
Jan 2013066191.603.42$2,261
Dec 2012063686.773.42$2,175
Nov 2012053886.953.62$1,950
Oct 20125150289.383.40$6,265
Sep 2012152694.672.92$1,630
Aug 20123195492.662.91$5,647
Jul 2012074585.133.02$2,251
Jun 2012048179.822.52$1,212
May 2012033791.612.49$839
Apr 20120115101.652.00$230
Mar 20128477105.052.22$8,995
Feb 20120131101.102.57$337
Jan 201212618798.092.73$12,871
Dec 2011042296.873.24$1,367
Nov 2011123795.723.31$880
Oct 20112628784.983.65$3,257
Sep 2011145983.623.99$1,913
Aug 2011028683.404.15$1,187
Jul 2011030694.144.52$1,382
Jun 20113422692.904.64$4,207
May 2011032298.134.40$1,418
Apr 20110288105.964.33$1,248
Mar 20113130596.364.06$4,225
Feb 2011021885.644.18$911
Jan 20112138986.504.59$3,602
Dec 2010025485.734.35$1,104
Nov 2010039780.843.80$1,507
Oct 2010258278.103.51$2,198
Sep 2010046572.633.98$1,850
Aug 2010038873.684.42$1,715
Jul 201008272.554.74$388
Jun 201009270.364.91$452
May 201006171.124.24$258
Apr 20101686381.694.12$13,984
Mar 201016639978.394.39$14,764
Feb 2010025673.585.44$1,393
Jan 201012133574.365.96$10,996
Dec 2009035571.445.48$1,947
Nov 2009049374.593.75$1,849
Oct 2009853072.544.11$2,759
Sep 2009766865.543.06$2,506
Aug 2009678267.423.22$2,921
Jul 2009989861.133.46$3,661
Jun 2009101,05666.163.90$4,775
May 200971,28354.743.93$5,420
Apr 20091091246.773.59$3,740
Mar 2009891942.144.06$4,067
Feb 20091093132.814.63$4,641
Jan 2009111,28235.865.37$7,280
Dec 200861,20937.105.98$7,449
Nov 2008595155.496.86$6,802
Oct 2008523475.246.92$1,996
Sep 2008131,445101.767.88$12,705
Aug 2008121,477114.228.48$13,900
Jul 2008181,504131.0811.39$19,489
Jun 20088816131.3313.03$11,685
May 20083584123.1711.57$7,129
Apr 20083283110.3110.45$3,290
Mar 2008401,042101.909.66$14,146
Feb 200811,33392.538.77$11,784
Jan 2008018290.388.21$1,493
Dec 200701488.337.30$102
Nov 200704191.677.29$299
Oct 200701082.856.92$69
Sep 200705775.846.24$356
Aug 200708069.066.39$511
Jul 20071816670.906.39$13,255
Jun 20072762.007.55$177
May 200706358.747.85$494
Apr 20070059.617.81$0
Mar 200701,32956.927.30$9,704
Feb 2007112455.108.22$1,074
Jan 20070050.306.73$0
Dec 2006043956.656.92$3,037
Nov 200602,36754.207.62$18,031
Oct 20061845,72554.906.01$44,531
Sep 200605,66460.085.04$28,531
Aug 200605,47968.717.34$40,215
Jul 20061924,71669.376.34$43,232
Jun 200603,40166.286.38$21,712
May 200604,43066.016.42$28,463
Apr 20061844,06564.397.36$41,768
Mar 200603,00756.707.08$21,298
Feb 200603,98457.597.75$30,880
Jan 20061913,88860.598.93$46,305
Dec 20051894,67654.9413.42$73,114
Nov 200504,51354.6910.59$47,785
Oct 200505,02158.3413.80$69,269
Sep 20051865,21061.4512.08$74,361
Aug 200505,22661.519.80$51,198
Jul 20051855,70755.697.84$55,066
Jun 200503,69752.337.38$27,288
May 20051954,89145.226.65$41,349
Apr 200504,77349.207.36$35,132
Mar 20051905,72350.377.15$50,518
Feb 200505,22045.226.31$32,948
Jan 20051935,73843.166.32$44,607
Dec 200405,27339.866.75$35,598
Nov 20041794,38645.286.33$35,870
Oct 200414,71049.706.52$30,736
Sep 200403,21043.245.28$16,961
Aug 2004098842.375.55$5,484
Jul 200401,07138.286.08$6,516
Jun 200402,68136.106.43$17,247
May 20041733,91737.486.49$31,923
Apr 200403,74834.475.86$21,958
Mar 200404,06334.365.53$22,469
Feb 20041693,38032.455.51$24,107
Jan 20041665,56032.036.30$40,343
Dec 200316,41230.266.30$40,436
Nov 20031505,59428.804.60$30,025
Oct 200304,09728.174.76$19,500
Sep 20031664,59226.314.75$26,177
Aug 200303,37129.765.13$17,292
Jul 200302,47229.415.17$12,782
Jun 20031753,95828.565.98$28,679
May 200304,40726.595.97$26,322
Apr 200304,81026.675.41$26,009
Mar 20031784,26731.146.10$31,555
Feb 200302,40333.487.93$19,046
Jan 20031824,03230.315.58$28,023
Dec 200202,56726.914.85$12,460
Nov 200202,97024.664.14$12,287
Oct 200203,24526.464.23$13,723
Sep 20021743,73327.443.64$18,345
Aug 200204,43425.963.16$14,030
Jul 200204,66324.583.06$14,277
Jun 200203,91423.733.34$13,066
May 200204,57124.663.58$16,382
Apr 20021753,20023.653.51$15,378
Mar 200204,99722.003.10$15,504
Feb 20021584,41118.222.38$13,358
Jan 200204,66717.172.38$11,087
Dec 200101,61216.932.36$3,811
Nov 2001040518.072.41$974
Oct 200104519.782.53$114
Sep 20011024.262.25$24
Aug 200112724.873.05$107
Jul 200102323.933.20$74
Jun 20011024.563.82$25
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 200101,51624.545.38$8,151
Feb 200103,23227.755.77$18,639
Jan 20011825,51727.478.40$51,336
Dec 20001787,45526.889.12$72,793
Nov 200005,09832.215.66$28,844
Oct 20001688,84231.235.15$50,743
Sep 20001758,52131.875.19$49,771
Aug 200009,29929.644.54$42,224
Jul 20001738,27328.534.09$38,770
Jun 200017910,76029.304.40$52,559
May 20001799,83627.263.68$41,074
Apr 20001709,83524.513.12$34,813
Mar 200017110,52228.422.86$34,950
Feb 200017510,68427.622.73$33,963
Jan 200016311,17025.272.48$31,826
Dec 199918212,16024.282.42$33,891
Nov 199918111,20723.192.43$31,475
Oct 199935613,08820.982.80$44,164
Sep 199908,52621.752.62$22,328
Aug 19991788,41619.262.88$27,629
Jul 19991819,15817.892.37$24,964
Jun 199908,31415.942.36$19,639
May 19991637,95215.792.32$21,031
Apr 19991798,50215.102.21$21,476
Mar 19991748,06612.471.84$16,998
Feb 199905,4199.981.82$9,851
Jan 19991785,64510.381.90$12,573
Dec 19981835,8739.201.77$12,098
Nov 19981407,40810.892.19$17,716
Oct 199807,43912.421.97$14,649
Sep 19981564,50912.592.08$11,355
Aug 19981685,92911.301.91$13,207
Jul 199805,15411.742.24$11,531
Jun 19981624,25411.242.24$11,338
May 199806,12812.622.21$13,520
Apr 199802,74313.042.51$6,872
Mar 19981615,83912.802.31$15,546
Feb 19981805,09713.952.30$14,230
Jan 199805,25214.702.15$11,317
Dec 199703,57716.322.41$8,625
Nov 199701118.193.09$34
Oct 19970019.253.15$0
Sep 19971655,61817.742.95$19,528
Aug 19971595,97517.862.55$18,104
Jul 199704,76817.582.25$10,713
Jun 199703,67417.242.26$8,293
May 199716598618.972.31$5,406
Apr 199701,06517.882.08$2,218
Mar 199714,65918.951.94$9,053
Feb 19971684,49620.492.21$13,360
Jan 19971584,35223.483.54$19,115
Dec 199602,98123.32$0
Nov 199601,70921.97$0
Oct 1996089823.31$0
Sep 199603,45122.22$0
Aug 19961793,70920.26$3,627
Jul 199613,65319.55$20
Jun 199602,23118.73$0
May 199601,18319.43$0
Apr 199601,41421.51$0
Mar 19961694,17919.38$3,275
Feb 19961703,36916.98$2,887
Jan 199623,40717.07$34
Dec 199503,21017.19$0
Nov 19951683,35416.00$2,688
Oct 199513,36515.43$15
Sep 19951787,07416.18$2,880
Aug 199506,81915.92$0
Jul 19951756,77915.24$2,667
Jun 19951776,48716.41$2,905
May 199503,06817.56$0
Apr 199506,79917.73$0
Mar 199536711,23816.44$6,033
Feb 199518310,19416.58$3,034
Jan 19951817,00615.92$2,882
Dec 199403,72315.03$0
Nov 19941823,70715.90$2,894
Oct 199403,10615.58$0
Sep 199401,75715.29$0
Aug 19941724,06916.13$2,774
Jul 199403,17317.56$0
Jun 19941743,57017.09$2,974
May 199404,01615.88$0
Apr 19941666,80614.14$2,347
Mar 19941816,28112.46$2,255
Feb 199405,40112.50$0
Jan 19941815,75212.66$2,291
Dec 19931707,28512.33$2,096
Nov 19931758,01014.49$2,536
Oct 19931498,07215.85$2,362
Sep 19931768,31515.03$2,645
Aug 19931797,26515.66$2,803
Jul 19931647,09015.46$2,535
Jun 19931609,12416.79$2,686
May 199317411,95917.68$3,076
Apr 19931828,86618.05$3,285
Mar 199334912,47018.14$6,331
Feb 199333110,71617.90$5,925
Jan 199336212,71916.93$6,129

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                  353 Mcf  × $  3.05 =     $1,075

────────────────────────────────────────────────────
Month total                                   $1,075

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/49823 is the state's own key, not one this site invented.