CATFISH

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

Oil lease lease 4434District 05Field 19947426OilCasinghead gasSave
Value, all time
$34.7 M
Jun 2021 – May 2026
Value, last 12 filed months
$2.5 M
at the published price for each month
Months reported
60
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
OilDisposition360,831 bbl$29,343,820
Casinghead gasProduction1,332,478 Mcf$5,403,286
Total$34,747,106

Every month this lease reported (60)

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

60 months

May 20261,99214,837106.413.05$257,160
Apr 20261,83313,41798.932.87$219,842
Mar 20262,12012,32389.753.15$229,081
Feb 20262,0769,76063.503.75$168,429
Jan 20261,93110,91859.138.00$201,501
Dec 20252,52613,11156.664.41$200,987
Nov 20252,26313,28458.593.93$184,748
Oct 20252,48616,43459.383.30$201,930
Sep 20252,53312,56662.743.08$197,585
Aug 20252,18515,06463.933.01$185,101
Jul 20252,66616,97766.743.32$234,211
Jun 20252,56514,14966.483.13$214,789
May 20252,59214,24660.553.23$202,993
Apr 20252,65116,77362.363.54$224,745
Mar 20252,99718,44867.704.27$281,639
Feb 20252,72514,95570.884.34$258,065
Jan 20253,06817,93974.324.28$304,769
Dec 20243,17318,74068.993.12$277,400
Nov 20243,16718,64569.052.20$259,671
Oct 20243,13519,91271.372.28$269,172
Sep 20243,23318,87869.612.36$269,684
Aug 20243,64520,77175.632.06$318,535
Jul 20243,85221,83179.932.15$354,753
Jun 20243,81320,57278.082.63$351,905
May 20244,00622,39278.812.20$364,940
Apr 20243,98819,91984.451.66$369,836
Mar 20243,89519,86580.301.55$343,463
Feb 20243,61316,80076.091.78$304,878
Jan 20243,77818,78073.023.30$337,800
Dec 20233,87323,72571.262.61$337,929
Nov 20234,53324,26877.892.81$421,209
Oct 20234,31026,09085.443.09$448,794
Sep 20234,81626,07189.042.74$500,122
Aug 20235,20127,73180.522.67$492,906
Jul 20235,22928,03274.852.64$465,446
Jun 20235,57727,86468.962.26$447,520
May 20235,88229,16370.622.23$480,345
Apr 20236,51131,70978.122.24$579,596
Mar 20237,55334,25172.852.39$632,204
Feb 20236,97527,95475.112.47$592,818
Jan 20237,60634,74076.533.39$699,777
Dec 20228,77134,91976.415.73$870,246
Nov 20229,32434,78285.005.65$988,926
Oct 202210,18335,57087.185.86$1,096,328
Sep 202210,71927,92184.888.16$1,137,767
Aug 202213,48535,96494.529.13$1,602,851
Jul 202217,97046,364101.587.54$2,175,074
Jun 202215,06620,954115.097.98$1,901,100
May 202213,73416,803109.378.43$1,643,788
Apr 20223,4719,243104.226.84$424,948
Mar 20225,46620,115108.885.08$697,250
Feb 20226,67424,84791.054.86$728,395
Jan 20228,39928,93781.844.54$818,681
Dec 202110,34932,26571.323.90$863,896
Nov 202112,56034,12977.435.24$1,151,249
Oct 202115,84432,76779.795.71$1,451,419
Sep 202110,59220,30969.865.35$848,629
Aug 202113,66819,23166.024.22$983,528
Jul 202115,26223,89570.783.98$1,175,396
Jun 20216,7219,55969.493.38$499,358

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                1,992 bbl  × $106.41 =   $211,969
Casinghead gas    14,837 Mcf  × $  3.05 =    $45,191

────────────────────────────────────────────────────
Month total                                 $257,160

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/4434 is the state's own key, not one this site invented.