WORTHY UNIT

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

Gas lease lease 87512District 05Field 32950285Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$7.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 960 leases and 960 wells, and the rule below applies to all of them.

Discovered
2006-02-28
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2016-11-15.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: PLATS FOR INDIVIDUAL WELLS IN THE FIELD IF THEY CHOOSE.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition2,280 bbl$133,570
GasProduction1,653,417 Mcf$7,515,904
Total$7,649,474

105,997 Mcf of this lease's gas, across 45 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 31.4986, -96.2475. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49858, -96.24750 · 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
13,021 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 13,021 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16130177113,021 ftMar 2006

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20251067.704.27$68
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 2024010978.082.63$287
May 20240078.812.20$0
Apr 2024021684.451.66$358
Mar 2024034480.301.55$532
Feb 2024034076.091.78$606
Jan 2024022973.023.30$755
Dec 2023038471.262.61$1,003
Nov 2023066977.892.81$1,878
Oct 2023059685.443.09$1,840
Sep 202301,57589.042.74$4,308
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20233078.122.24$234
Mar 20230072.852.39$0
Feb 2023034675.112.47$853
Jan 202304876.533.39$163
Dec 2022024876.415.73$1,421
Nov 2022029885.005.65$1,683
Oct 2022063087.185.86$3,694
Sep 2022044384.888.16$3,617
Aug 2022043694.529.13$3,979
Jul 20220222101.587.54$1,674
Jun 20220495115.097.98$3,949
May 20225551109.378.43$5,193
Apr 20220826104.226.84$5,648
Mar 202201,167108.885.08$5,924
Feb 202201,01391.054.86$4,922
Jan 202201,00681.844.54$4,565
Dec 202101,52371.323.90$5,938
Nov 2021099577.435.24$5,211
Oct 202101,41279.795.71$8,068
Sep 202142,02069.865.35$11,088
Aug 202101,37966.024.22$5,820
Jul 2021098570.783.98$3,922
Jun 202101,36669.493.38$4,618
May 202101,02863.483.02$3,102
Apr 2021058060.362.76$1,600
Mar 2021060061.302.72$1,630
Feb 2021073857.805.55$4,094
Jan 2021060350.412.81$1,695
Dec 2020070744.642.68$1,892
Nov 2020087338.772.71$2,363
Oct 2020085636.972.48$2,122
Sep 2020013637.091.99$271
Aug 202002,99339.982.39$7,139
Jul 202003,54638.371.83$6,472
Jun 202082,26634.901.69$4,109
May 202001,11916.921.81$2,031
Apr 202002,18514.751.80$3,943
Mar 202002,46230.341.86$4,570
Feb 202001,70849.881.98$3,383
Jan 202002,42757.252.09$5,084
Dec 201901,41959.012.30$3,270
Nov 201901,43355.302.75$3,942
Oct 201901,86853.472.42$4,518
Sep 201902,53155.052.66$6,726
Aug 201902,49653.112.30$5,752
Jul 201982,43656.272.46$6,443
Jun 201992,21052.782.49$5,981
May 201901,18158.482.74$3,236
Apr 201902,84662.632.75$7,828
Mar 201901,13856.803.06$3,485
Feb 201903,00850.852.79$8,399
Jan 201902,99546.033.23$9,668
Dec 201803,30846.594.19$13,845
Nov 201842,81952.934.24$12,157
Oct 201802,22361.443.40$7,554
Sep 201802,49359.543.11$7,748
Aug 201862,58459.403.07$8,280
Jul 201802,13065.142.93$6,245
Jun 201802,47360.183.08$7,609
May 201832,41765.382.90$7,207
Apr 201801,69263.842.90$4,908
Mar 201802,22061.222.79$6,187
Feb 201832,05561.782.77$5,870
Jan 201801,77762.874.01$7,125
Dec 201701,85957.272.92$5,431
Nov 201702,67455.423.12$8,338
Oct 201732,36349.292.98$7,198
Sep 201702,28947.523.09$7,067
Aug 201702,18645.373.00$6,568
Jul 201702,34943.873.09$7,252
Jun 201712,42342.493.09$7,523
May 201702,40745.373.26$7,855
Apr 201702,01047.933.21$6,455
Mar 201781,92646.772.98$6,121
Feb 201702,05050.452.95$6,053
Jan 201732,90149.413.42$10,066
Dec 201602,59248.763.72$9,650
Nov 201602,90442.492.64$7,679
Oct 201601,96746.193.09$6,079
Sep 2016132,14541.553.10$7,191
Aug 201603,00741.442.92$8,793
Jul 201603,21841.622.92$9,411
Jun 201632,69445.352.69$7,372
May 201602,37442.521.99$4,727
Apr 201651,60836.561.99$3,384
Mar 201602,19033.011.79$3,929
Feb 201662,88226.472.06$6,106
Jan 201681,61827.352.36$4,044
Dec 201502,97132.362.00$5,946
Nov 2015133,26838.792.17$7,587
Oct 201502,49643.552.43$6,057
Sep 2015151,71342.992.76$5,370
Aug 201501,96340.162.87$5,639
Jul 201502,19948.152.95$6,476
Jun 2015712,54456.152.88$11,321
May 2015362,35055.212.96$8,933
Apr 2015973,50449.822.71$14,316
Mar 201502,21542.892.93$6,500
Feb 2015716,50144.662.98$22,519
Jan 201502,90443.433.10$9,004
Dec 20141503,56354.693.59$21,000
Nov 201402,31270.464.25$9,830
Oct 20141252,42378.303.90$19,240
Sep 20141611,52886.164.05$20,053
Aug 201404,07289.394.04$16,431
Jul 201402,84896.564.18$11,904
Jun 20141683,07898.164.74$31,071
May 201403,26394.734.73$15,423
Apr 20141633,00295.944.81$30,075
Mar 201403,23195.895.06$16,339
Feb 201403,18197.406.19$19,697
Jan 20141343,87490.404.86$30,944
Dec 2013693,97591.824.35$23,645
Nov 201344,69488.853.74$17,903
Oct 201334,20697.423.78$16,188
Sep 201301,298104.113.72$4,826
Aug 201344,176104.253.52$15,127
Jul 201307,091102.523.72$26,362
Jun 201383,16594.403.93$13,204
May 201303,79094.834.15$15,725
Apr 201323,62193.964.28$15,695
Mar 201303,59493.623.91$14,063
Feb 201302,10191.233.42$7,185
Jan 201314,42691.603.42$15,228
Dec 201212,90386.773.42$10,015
Nov 201203,29986.953.62$11,959
Oct 201211,90489.383.40$6,562
Sep 201204,08494.672.92$11,919
Aug 201203,96592.662.91$11,531
Jul 201202,53385.133.02$7,652
Jun 201201,44779.822.52$3,645
May 201201,34691.612.49$3,349
Apr 201201,973101.652.00$3,940
Mar 201203,441105.052.22$7,646
Feb 201203,924101.102.57$10,086
Jan 201203,80398.092.73$10,398
Dec 201103,98496.873.24$12,907
Nov 201104,28295.723.31$14,179
Oct 201104,96484.983.65$18,111
Sep 201104,91383.623.99$19,582
Aug 201101,24583.404.15$5,166
Jul 201104,83094.144.52$21,818
Jun 201114,75092.904.64$22,132
May 201101,52798.134.40$6,726
Apr 201111,443105.964.33$6,359
Mar 201101,65296.364.06$6,703
Feb 201143,50785.644.18$15,002
Jan 201113,87386.504.59$17,859
Dec 201012,48085.734.35$10,868
Nov 201002,52080.843.80$9,564
Oct 201013,27478.103.51$11,566
Sep 201013,42072.633.98$13,682
Aug 201031,21573.684.42$5,591
Jul 201051,17472.554.74$5,923
Jun 201002,97470.364.91$14,604
May 201033,45071.124.24$14,825
Apr 201033,85381.694.12$16,130
Mar 201033,63578.394.39$16,188
Feb 201053,73873.585.44$20,711
Jan 201034,21774.365.96$25,374
Dec 200904,71671.445.48$25,861
Nov 200912,88474.593.75$10,894
Oct 200903,66072.544.11$15,044
Sep 200905,45165.543.06$16,706
Aug 200914,56667.423.22$14,763
Jul 200905,37461.133.46$18,618
Jun 200926,26366.163.90$24,527
May 200914,97054.743.93$19,566
Apr 200924,73746.773.59$17,088
Mar 200943,69442.144.06$15,163
Feb 200924,11732.814.63$19,140
Jan 200943,93535.865.37$21,278
Dec 200804,56037.105.98$27,256
Nov 200803,86255.496.86$26,495
Oct 200806,05575.246.92$41,913
Sep 200805,817101.767.88$45,821
Aug 200806,509114.228.48$55,216
Jul 200806,685131.0811.39$76,138
Jun 200805,838131.3313.03$76,084
May 200805,571123.1711.57$64,480
Apr 200805,993110.3110.45$62,656
Mar 200805,284101.909.66$51,065
Feb 200805,13792.538.77$45,054
Jan 200805,26190.388.21$43,170
Dec 200705,71788.337.30$41,745
Nov 200706,31291.677.29$46,025
Oct 200706,48282.856.92$44,868
Sep 200705,61275.846.24$35,042
Aug 200705,73769.066.39$36,648
Jul 200705,27170.906.39$33,671
Jun 200705,45962.007.55$41,207
May 200705,92058.747.85$46,450
Apr 200705,92659.617.81$46,254
Mar 200706,51356.927.30$47,558
Feb 200706,56355.108.22$53,922
Jan 200708,48350.306.73$57,064
Dec 200608,06456.656.92$55,790
Nov 2006022,67054.207.62$172,688
Oct 200606,93454.906.01$41,700
Sep 200606,99460.085.04$35,230
Aug 200608,03568.717.34$58,976
Jul 200608,19969.376.34$52,004
Jun 200607,48466.286.38$47,777
May 200608,20966.016.42$52,743
Apr 200608,27664.397.36$60,915
Mar 200608,98656.707.08$63,647
Feb 200608,36457.597.75$64,830
Jan 200608,99460.598.93$80,346
Dec 2005010,37554.9413.42$139,185
Nov 200509,80454.6910.59$103,809
Oct 200508,86458.3413.80$122,286
Sep 2005062161.4512.08$7,501
Aug 2005062261.519.80$6,094
Jul 200508,94255.697.84$70,138
Jun 200507,45752.337.38$55,040
May 2005010,30145.226.65$68,514
Apr 200508,50449.207.36$62,594
Mar 200509,41550.377.15$67,363
Feb 2005091345.226.31$5,763
Jan 2005011,36743.166.32$71,864
Dec 2004010,54939.866.75$71,217
Nov 200409,30445.286.33$58,898
Oct 2004010,59349.706.52$69,014
Sep 2004137,23743.245.28$38,802
Aug 2004197,09642.375.55$40,193
Jul 20041632438.286.08$2,584
Jun 20043636736.106.43$3,661
May 2004398,58037.486.49$57,185
Apr 2004468,36534.475.86$50,592
Mar 2004189,47834.365.53$53,033
Feb 2004236,81032.455.51$38,267
Jan 2004258,30232.036.30$53,100
Dec 2003309,66830.266.30$61,832
Nov 2003977,46328.804.60$37,087
Oct 20036010,07228.174.76$49,629
Sep 2003012,27026.314.75$58,275
Aug 200310115,85529.765.13$84,337
Jul 20033010,39329.415.17$54,623
Jun 20031411,33628.565.98$68,223
May 2003013,70926.595.97$81,879
Apr 2003015,05426.675.41$81,401
Mar 2003010,50431.146.10$64,033
Feb 2003010,75433.487.93$85,235
Jan 2003010,81730.315.58$60,381
Dec 2002513,52126.914.85$65,762
Nov 2002017,76424.664.14$73,489
Oct 20023410,89226.464.23$46,963
Sep 2002011,51927.443.64$41,874
Aug 2002015,44925.963.16$48,883
Jul 2002017,07724.583.06$52,286
Jun 2002017,64623.733.34$58,907
May 2002017,16324.663.58$61,512
Apr 2002015,58423.653.51$54,736
Mar 2002015,65422.003.10$48,570
Feb 200208,34518.222.38$19,825
Jan 2002014,88717.172.38$35,367
Dec 2001018,28316.932.36$43,228
Nov 2001020,91118.072.41$50,302
Oct 2001012,95019.782.53$32,749
Sep 2001030,36924.262.25$68,370
Aug 2001021,93824.873.05$66,980
Jul 2001029,36823.933.20$93,892
Jun 20012746,08224.563.82$176,888
May 200108,18725.524.31$35,264
Apr 20012430,92024.685.34$165,560
Mar 200165,39124.545.38$29,132
Feb 20011518,96027.755.77$109,760
Jan 2001867,41527.478.40$64,639
Dec 2000381,66226.889.12$16,183
Nov 2000013,25932.215.66$75,019
Oct 2000814,94031.235.15$77,124
Sep 2000091831.875.19$4,761
Aug 200002,16029.644.54$9,808
Jul 200001,98428.534.09$8,114
Jun 200001,98329.304.40$8,720
May 200002,26227.263.68$8,324
Apr 200002,02624.513.12$6,313
Mar 200001,98828.422.86$5,685
Feb 200002,21627.622.73$6,042
Jan 200001,96525.272.48$4,874
Dec 199902,09724.282.42$5,083
Nov 199902,11423.192.43$5,145
Oct 199902,20020.982.80$6,168
Sep 199901,97821.752.62$5,180
Aug 199902,17419.262.88$6,252
Jul 199902,15217.892.37$5,105
Jun 199902,05815.942.36$4,861
May 199902,21815.792.32$5,148
Apr 199901,96215.102.21$4,332
Mar 199902,08812.471.84$3,838
Feb 199901,9369.981.82$3,519
Jan 199901,95010.381.90$3,705
Dec 199802,0719.201.77$3,673
Nov 199802,09210.892.19$4,573
Oct 199802,14112.421.97$4,216
Sep 199801,97212.592.08$4,107
Aug 199802,01011.301.91$3,834
Jul 199802,13811.742.24$4,783
Jun 199801,76011.242.24$3,938
May 199801,87012.622.21$4,126
Apr 199801,91813.042.51$4,805
Mar 199801,92412.802.31$4,443
Feb 199801,92513.952.30$4,426
Jan 199802,01114.702.15$4,333
Dec 199702,11416.322.41$5,097
Nov 199701,78918.193.09$5,525
Oct 199701,61319.253.15$5,081
Sep 199701,58217.742.95$4,675
Aug 1997171,83417.862.55$4,989
Jul 199701,85617.582.25$4,170
Jun 199701,92117.242.26$4,336
May 199701,55818.972.31$3,597
Apr 199701,63017.882.08$3,395
Mar 199701,59018.951.94$3,083
Feb 199701,44020.492.21$3,177
Jan 199702,10023.483.54$7,433
Dec 199602,16723.32$0
Nov 199602,12121.97$0
Oct 199602,24823.31$0
Sep 199602,18222.22$0
Aug 199602,24820.26$0
Jul 199602,21519.55$0
Jun 199602,32518.73$0
May 199602,56019.43$0
Apr 199602,59421.51$0
Mar 199601,68419.38$0
Feb 199602,11716.98$0
Jan 199602,81317.07$0
Dec 199501,97417.19$0
Nov 199501,67116.00$0
Oct 199501,71515.43$0
Sep 199502,20616.18$0
Aug 199501,24215.92$0
Jul 199501,83615.24$0
Jun 199502,14516.41$0
May 199502,12917.56$0
Apr 199503,07817.73$0
Mar 199501,38516.44$0
Feb 199502,27616.58$0
Jan 199502,25315.92$0
Dec 199402,28915.03$0
Nov 199403,56515.90$0
Oct 199402,20015.58$0
Sep 199409515.29$0
Aug 199402,57116.13$0
Jul 199403,06717.56$0
Jun 199402,13417.09$0
May 199402,46815.88$0
Apr 199402,28814.14$0
Mar 199402,21112.46$0
Feb 199402,71612.50$0
Jan 199401,72512.66$0
Dec 199303,00912.33$0
Nov 199301,88614.49$0
Oct 199302,69815.85$0
Sep 199302,45715.03$0
Aug 199302,14915.66$0
Jul 199302,76215.46$0
Jun 199302,90116.79$0
May 199303,47217.68$0
Apr 199306,15018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$0

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.

Mar 2025 — as filed, then multipliedworked
Condensate             1 bbl  × $ 67.70 =        $68
Gas                    0 Mcf  × $  4.27 =         $0

────────────────────────────────────────────────────
Month total                                      $68

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/87512 is the state's own key, not one this site invented.