CHANCE, B. E. HEIRS

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

Oil lease lease 1956District 05Field 03499500OilCasinghead gasSave
Value, all time
$11.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$422 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition160,206 bbl$11,033,201
Casinghead gasProduction21 Mcf$0
Total$11,033,201

21 Mcf of this lease's gas, across 21 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 (2)

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 33.2744, -95.6610. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

33.27443, -95.66100 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
4,849 ft
2 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.
2100.0%

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

Between 4,810 and 4,887 ft, median 4,849 ft, over the 2 wells that filed a depth.

Completions filed
Feb 2012 – Apr 2018
2 of 2 wells

2 wells

42-2233006614,810 ftApr 2018
42-2233049824,887 ftFeb 2012

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 20263150106.413.05$33,519
Apr 2026478098.932.87$47,289
Mar 2026482089.753.15$43,260
Feb 2026470063.503.75$29,845
Jan 2026480059.138.00$28,382
Dec 2025634056.664.41$35,922
Nov 2025486058.593.93$28,475
Oct 2025663059.383.30$39,369
Sep 2025477062.743.08$29,927
Aug 2025478063.933.01$30,559
Jul 2025486066.743.32$32,436
Jun 2025640066.483.13$42,547
May 2025481060.553.23$29,125
Apr 2025648062.363.54$40,409
Mar 2025471067.704.27$31,887
Feb 2025466070.884.34$33,030
Jan 2025488074.324.28$36,268
Dec 2024474068.993.12$32,701
Nov 2024465069.052.20$32,108
Oct 2024635071.372.28$45,320
Sep 2024633069.612.36$44,063
Aug 2024630075.632.06$47,647
Jul 2024631079.932.15$50,436
Jun 2024628078.082.63$49,034
May 2024470078.812.20$37,041
Apr 2024474084.451.66$40,029
Mar 2024322080.301.55$25,857
Feb 2024152076.091.78$11,566
Jan 2024159073.023.30$11,610
Dec 2023453071.262.61$32,281
Nov 2023589077.892.81$45,877
Oct 2023314085.443.09$26,828
Sep 2023474089.042.74$42,205
Aug 2023425080.522.67$34,221
Jul 2023614074.852.64$45,958
Jun 2023471068.962.26$32,480
May 2023614070.622.23$43,361
Apr 2023467078.122.24$36,482
Mar 2023803072.852.39$58,499
Feb 20230075.112.47$0
Jan 2023309076.533.39$23,648
Dec 2022427076.415.73$32,627
Nov 2022626085.005.65$53,210
Oct 2022460087.185.86$40,103
Sep 2022656084.888.16$55,681
Aug 2022596094.529.13$56,334
Jul 20226330101.587.54$64,300
Jun 20226330115.097.98$72,852
May 20226420109.378.43$70,216
Apr 20226310104.226.84$65,763
Mar 20226340108.885.08$69,030
Feb 2022461091.054.86$41,974
Jan 2022453081.844.54$37,074
Dec 2021471071.323.90$33,592
Nov 2021748077.435.24$57,918
Oct 2021469079.795.71$37,422
Sep 2021628069.865.35$43,872
Aug 2021594066.024.22$39,216
Jul 2021623070.783.98$44,096
Jun 2021318069.493.38$22,098
May 2021623063.483.02$39,548
Apr 2021621060.362.76$37,484
Mar 2021634061.302.72$38,864
Feb 2021308057.805.55$17,802
Jan 2021477050.412.81$24,046
Dec 2020469044.642.68$20,936
Nov 2020618038.772.71$23,960
Oct 2020640036.972.48$23,661
Sep 2020621037.091.99$23,033
Aug 2020630039.982.39$25,187
Jul 2020630038.371.83$24,173
Jun 2020786034.901.69$27,431
May 20200016.921.81$0
Apr 2020741014.751.80$10,930
Mar 2020780030.341.86$23,665
Feb 2020777049.881.98$38,757
Jan 2020468057.252.09$26,793
Dec 2019155059.012.30$9,147
Nov 201912055.302.75$664
Oct 2019490053.472.42$26,200
Sep 2019484055.052.66$26,644
Aug 2019795053.112.30$42,222
Jul 2019921056.272.46$51,825
Jun 2019468052.782.49$24,701
May 2019799058.482.74$46,726
Apr 2019784062.632.75$49,102
Mar 2019777056.803.06$44,134
Feb 2019621050.852.79$31,578
Jan 2019924046.033.23$42,532
Dec 2018616046.594.19$28,699
Nov 2018780052.934.24$41,285
Oct 2018794061.443.40$48,783
Sep 2018813059.543.11$48,406
Aug 2018939059.403.07$55,777
Jul 2018776065.142.93$50,549
Jun 2018788060.183.08$47,422
May 20181,094065.382.90$71,526
Apr 2018816063.842.90$52,093
Mar 2018799061.222.79$48,915
Feb 2018801061.782.77$49,486
Jan 2018484062.874.01$30,429
Dec 2017655057.272.92$37,512
Nov 2017976055.423.12$54,090
Oct 2017962049.292.98$47,417
Sep 2017323047.523.09$15,349
Aug 20170045.373.00$0
Jul 2017780043.873.09$34,219
Jun 2017742042.493.09$31,528
May 2017798045.373.26$36,205
Apr 2017795047.933.21$38,104
Mar 2017963046.772.98$45,040
Feb 2017760050.452.95$38,342
Jan 2017810049.413.42$40,022
Dec 2016813048.763.72$39,642
Nov 2016794042.492.64$33,737
Oct 2016976046.193.09$45,081
Sep 2016644041.553.10$26,758
Aug 2016965041.442.92$39,990
Jul 20161,108041.622.92$46,115
Jun 2016818045.352.69$37,096
May 2016929042.521.99$39,501
Apr 2016805036.561.99$29,431
Mar 2016961033.011.79$31,723
Feb 2016959026.472.06$25,385
Jan 2016814027.352.36$22,263
Dec 20151,122032.362.00$36,308
Nov 2015803038.792.17$31,148
Oct 2015963043.552.43$41,939
Sep 2015972042.992.76$41,786
Aug 20151,129040.162.87$45,341
Jul 20151,122048.152.95$54,024
Jun 20151,280056.152.88$71,872
May 20151,105055.212.96$61,007
Apr 20151,278049.822.71$63,670
Mar 20151,304042.892.93$55,929
Feb 20151,141044.662.98$50,957
Jan 20151,284043.433.10$55,764
Dec 20141,439054.693.59$78,699
Nov 20141,272070.464.25$89,625
Oct 20141,432078.303.90$112,126
Sep 20141,419086.164.05$122,261
Aug 20141,448089.394.04$129,437
Jul 20141,426096.564.18$137,695
Jun 20141,582098.164.74$155,289
May 20141,596094.734.73$151,189
Apr 20141,443095.944.81$138,441
Mar 20141,270095.895.06$121,780
Feb 20141,601097.406.19$155,937
Jan 20141,597090.404.86$144,369
Dec 20131,456091.824.35$133,690
Nov 20131,442088.853.74$128,122
Oct 20131,934097.423.78$188,410
Sep 20131,4330104.113.72$149,190
Aug 20131,5850104.253.52$165,236
Jul 20131,8000102.523.72$184,536
Jun 20131,940094.403.93$183,136
May 20131,746094.834.15$165,573
Apr 20132,288093.964.28$214,980
Mar 20132,014093.623.91$188,551
Feb 20131,804091.233.42$164,579
Jan 20132,583091.603.42$236,603
Dec 20122,551086.773.42$221,350
Nov 20122,406086.953.62$209,202
Oct 20122,971089.383.40$265,548
Sep 20121,322094.672.92$125,154
Aug 20121,639092.662.91$151,870
Jul 20121,736085.133.02$147,786
Jun 20121,838079.822.52$146,709
May 20122,838091.612.49$259,989
Apr 20121,9860101.652.00$201,877
Mar 20121,9620105.052.22$206,108
Feb 20121,0080101.102.57$101,909
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 1995336015.92$5,349
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19951016.44$16
Feb 19950016.58$0
Jan 1995177015.92$2,818
Dec 19940015.03$0
Nov 19940015.90$0
Oct 1994169015.58$2,633
Sep 1994350115.29$5,352
Aug 19940116.13$0
Jul 1994345117.56$6,058
Jun 1994392117.09$6,699
May 1994173115.88$2,747
Apr 1994322114.14$4,553
Mar 1994326112.46$4,062
Feb 1994336112.50$4,200
Jan 1994173112.66$2,190
Dec 1993343112.33$4,229
Nov 1993352114.49$5,100
Oct 1993319115.85$5,056
Sep 1993524115.03$7,876
Aug 1993175115.66$2,741
Jul 1993518115.46$8,008
Jun 1993341116.79$5,725
May 1993511117.68$9,034
Apr 1993478118.05$8,628
Mar 1993549118.14$9,959
Feb 1993724117.90$12,960
Jan 1993707116.93$11,970

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
Oil                  315 bbl  × $106.41 =    $33,519
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $33,519

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/O/1956 is the state's own key, not one this site invented.