COLE, WILLIAM A.

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

Gas lease lease 145144District 06Field 577624002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.6 M
Mar 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
399
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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered
1990-04-25
as the register files it
Field class
Oil and gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1992-11-23.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED ADMINISTRATIVELY EFF. 5-1-95.

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
High Cost Gas111993-10-16127768
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
CondensateDisposition18,280 bbl$622,254
GasProduction426,709 Mcf$970,432
Total$1,592,686

203,257 Mcf of this lease's gas, across 46 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 32.1538, -95.0352. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15375, -95.03519 · 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
100.0%
1 of 1 wells
Median depth
12,324 ft
1 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

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

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 12,324 ft.

Completions filed
Mar 1993
1 of 1 wells
Plug dates filed
Jun 1988
1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-42330563112,324 ftMar 1993Jun 1988

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 (399)

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

399 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 20250067.704.27$0
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 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 202371070.622.23$5,014
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 2022016381.844.54$740
Dec 2021045371.323.90$1,766
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020829014.751.80$1,372
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 201901762.632.75$47
Mar 201901756.803.06$52
Feb 201903150.852.79$87
Jan 201902546.033.23$81
Dec 2018081846.594.19$3,424
Nov 2018050852.934.24$2,153
Oct 2018032161.443.40$1,091
Sep 2018071059.543.11$2,207
Aug 2018055559.403.07$1,702
Jul 201816863565.142.93$12,805
Jun 2018057960.183.08$1,782
May 2018046365.382.90$1,343
Apr 201802363.842.90$67
Mar 20180361.222.79$8
Feb 20180661.782.77$17
Jan 201801462.874.01$56
Dec 2017015557.272.92$453
Nov 2017049755.423.12$1,550
Oct 2017049649.292.98$1,480
Sep 2017042247.523.09$1,303
Aug 201717645745.373.00$9,358
Jul 2017038343.873.09$1,182
Jun 2017036442.493.09$1,124
May 2017039145.373.26$1,276
Apr 201717047747.933.21$9,680
Mar 2017053146.772.98$1,584
Feb 2017047550.452.95$1,402
Jan 2017054049.413.42$1,846
Dec 201617244848.763.72$10,055
Nov 2016038942.492.64$1,029
Oct 2016037946.193.09$1,171
Sep 2016043141.553.10$1,336
Aug 2016129441.442.92$901
Jul 201602041.622.92$58
Jun 201609245.352.69$247
May 2016050942.521.99$1,013
Apr 2016055036.561.99$1,095
Mar 20167263033.011.79$3,507
Feb 2016016826.472.06$347
Jan 2016047127.352.36$1,114
Dec 2015145332.362.00$939
Nov 201511256538.792.17$5,569
Oct 2015054443.552.43$1,320
Sep 2015159142.992.76$1,673
Aug 2015076540.162.87$2,197
Jul 201518165148.152.95$10,632
Jun 2015065056.152.88$1,874
May 2015169955.212.96$2,121
Apr 2015170649.822.71$1,961
Mar 201517871642.892.93$9,736
Feb 2015167344.662.98$2,048
Jan 2015173843.433.10$2,332
Dec 2014278254.693.59$2,918
Nov 2014063970.464.25$2,717
Oct 2014068878.303.90$2,684
Sep 201417762586.164.05$17,779
Aug 2014067589.394.04$2,724
Jul 2014071096.564.18$2,968
Jun 2014053198.164.74$2,515
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140790.404.86$34
Dec 2013015491.824.35$671
Nov 20130088.853.74$0
Oct 201317733297.423.78$18,498
Sep 20130927104.113.72$3,446
Aug 20130787104.253.52$2,772
Jul 20130909102.523.72$3,379
Jun 2013083894.403.93$3,296
May 20131761,00994.834.15$20,877
Apr 2013061993.964.28$2,651
Mar 2013061093.623.91$2,387
Feb 2013156391.233.42$2,017
Jan 2013057091.603.42$1,949
Dec 201218154086.773.42$17,552
Nov 2012047286.953.62$1,711
Oct 2012164589.383.40$2,282
Sep 2012071494.672.92$2,084
Aug 2012086392.662.91$2,510
Jul 201217656585.133.02$16,690
Jun 2012161779.822.52$1,634
May 2012069591.612.49$1,729
Apr 20120901101.652.00$1,799
Mar 2012181600105.052.22$20,347
Feb 20120405101.102.57$1,041
Jan 2012175898.092.73$2,171
Dec 2011043996.873.24$1,422
Nov 2011026795.723.31$884
Oct 2011159984.983.65$2,270
Sep 2011060583.623.99$2,411
Aug 201118265083.404.15$17,876
Jul 2011369994.144.52$3,440
Jun 2011057292.904.64$2,654
May 2011150998.134.40$2,340
Apr 20110500105.964.33$2,167
Mar 201118057996.364.06$19,694
Feb 2011166885.644.18$2,878
Jan 2011066386.504.59$3,042
Dec 2010061485.734.35$2,670
Nov 2010258380.843.80$2,374
Oct 2010165078.103.51$2,359
Sep 2010065772.633.98$2,615
Aug 201018872073.684.42$17,034
Jul 2010071772.554.74$3,396
Jun 2010066670.364.91$3,270
May 2010062771.124.24$2,655
Apr 2010071781.694.12$2,956
Mar 201018377778.394.39$17,755
Feb 2010077573.585.44$4,218
Jan 2010076374.365.96$4,551
Dec 2009066971.445.48$3,669
Nov 2009078774.593.75$2,952
Oct 200918379772.544.11$16,551
Sep 2009082665.543.06$2,531
Aug 2009072567.423.22$2,333
Jul 2009091561.133.46$3,170
Jun 2009088466.163.90$3,443
May 2009085454.743.93$3,353
Apr 200918191646.773.59$11,752
Mar 2009086942.144.06$3,527
Feb 2009174432.814.63$3,480
Jan 2009079335.865.37$4,259
Dec 2008096937.105.98$5,792
Nov 200817066655.496.86$14,002
Oct 2008061875.246.92$4,278
Sep 20081825101.767.88$6,600
Aug 20080908114.228.48$7,703
Jul 2008169962131.0811.39$33,109
Jun 20080991131.3313.03$12,915
May 200801,024123.1711.57$11,852
Apr 20080792110.3110.45$8,280
Mar 20081873101.909.66$8,539
Feb 200816989792.538.77$23,505
Jan 2008084090.388.21$6,893
Dec 2007184288.337.30$6,237
Nov 2007094891.677.29$6,913
Oct 20071571,06882.856.92$20,400
Sep 200711,10675.846.24$6,982
Aug 200701,43569.066.39$9,167
Jul 200711,39670.906.39$8,988
Jun 20071751,19062.007.55$19,833
May 200701,55458.747.85$12,193
Apr 200701,50059.617.81$11,708
Mar 20071861,61056.927.30$22,343
Feb 200721,63855.108.22$13,568
Jan 2007039250.306.73$2,637
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 2006028754.906.01$1,726
Sep 20061761,30760.085.04$17,158
Aug 200601,21568.717.34$8,918
Jul 200601,22569.376.34$7,770
Jun 20061841,53866.286.38$22,014
May 200603,41166.016.42$21,916
Apr 200611,50864.397.36$11,164
Mar 200617996556.707.08$16,984
Feb 20060057.597.75$0
Jan 200691060.598.93$635
Dec 200502654.9413.42$349
Nov 2005067654.6910.59$7,158
Oct 200501,07558.3413.80$14,830
Sep 200501,08361.4512.08$13,082
Aug 20051771,26661.519.80$23,290
Jul 200501,46955.697.84$11,522
Jun 2005092752.337.38$6,842
May 200517789845.226.65$13,977
Apr 2005071549.207.36$5,263
Mar 200501,19950.377.15$8,579
Feb 20051841,05945.226.31$15,005
Jan 200551,22643.166.32$7,967
Dec 200401,22739.866.75$8,284
Nov 200417973145.286.33$12,733
Oct 200401,48949.706.52$9,701
Sep 20041821,20243.245.28$14,221
Aug 200401,20942.375.55$6,711
Jul 20041631,02038.286.08$12,446
Jun 200401,42236.106.43$9,148
May 2004053337.486.49$3,462
Apr 200405734.475.86$334
Mar 20040034.365.53$0
Feb 200403632.455.51$198
Jan 20040432.036.30$25
Dec 20030030.266.30$0
Nov 2003021228.804.60$974
Oct 200302228.174.76$105
Sep 20030526.314.75$24
Aug 20030029.765.13$0
Jul 20030529.415.17$26
Jun 200305128.565.98$305
May 2003058126.595.97$3,470
Apr 2003061126.675.41$3,304
Mar 2003052831.146.10$3,219
Feb 20030733.487.93$55
Jan 20030030.315.58$0
Dec 2002154726.914.85$2,682
Nov 200203124.664.14$128
Oct 2002043826.464.23$1,852
Sep 2002027727.443.64$1,007
Aug 200204025.963.16$127
Jul 2002111124.583.06$364
Jun 200227544723.733.34$8,018
May 2002052424.663.58$1,878
Apr 200217955523.653.51$6,183
Mar 2002081722.003.10$2,535
Feb 2002185418.222.38$2,047
Jan 200201,30817.172.38$3,107
Dec 2001098016.932.36$2,317
Nov 200118961618.072.41$4,897
Oct 200116989919.782.53$5,616
Sep 2001052524.262.25$1,182
Aug 2001083724.873.05$2,555
Jul 2001024623.933.20$786
Jun 2001190524.563.82$3,485
May 2001162025.524.31$2,696
Apr 200111,10324.685.34$5,910
Mar 2001057424.545.38$3,086
Feb 2001016127.755.77$929
Jan 200101,13127.478.40$9,499
Dec 200016399626.889.12$13,467
Nov 200001,15532.215.66$6,535
Oct 20001791,10831.235.15$11,291
Sep 200001,48531.875.19$7,702
Aug 200002,61529.644.54$11,874
Jul 20001872,21928.534.09$14,410
Jun 200013,22729.304.40$14,219
May 200002,70427.263.68$9,950
Apr 2000085024.513.12$2,649
Mar 200005028.422.86$143
Feb 200001,09527.622.73$2,986
Jan 20003482,65925.272.48$15,390
Dec 199912,14624.282.42$5,226
Nov 1999069823.192.43$1,699
Oct 199902,49220.982.80$6,987
Sep 199902,46521.752.62$6,455
Aug 19991811,25419.262.88$7,092
Jul 199901,86217.892.37$4,417
Jun 199901,55215.942.36$3,666
May 1999089115.792.32$2,068
Apr 19993812,22915.102.21$10,675
Mar 199901,06112.471.84$1,950
Feb 19991811,1899.981.82$3,968
Jan 199901,91610.381.90$3,640
Dec 199802,2839.201.77$4,048
Nov 199801,63610.892.19$3,576
Oct 199819099212.421.97$4,313
Sep 199811,44912.592.08$3,030
Aug 199802,33611.301.91$4,456
Jul 199803,30011.742.24$7,383
Jun 19981822,40911.242.24$7,435
May 199813,40112.622.21$7,516
Apr 19983752,99013.042.51$12,381
Mar 199802,26012.802.31$5,219
Feb 199822,44213.952.30$5,642
Jan 199802,10014.702.15$4,525
Dec 199721,95116.322.41$4,737
Nov 199701,55518.193.09$4,802
Oct 199701,13019.253.15$3,559
Sep 19971901,13117.742.95$6,713
Aug 1997075117.862.55$1,919
Jul 1997148517.582.25$1,107
Jun 199701,11417.242.26$2,515
May 199737875618.972.31$8,916
Apr 199701,96917.882.08$4,101
Mar 199711,73918.951.94$3,391
Feb 199711,74620.492.21$3,872
Jan 1997168623.483.54$2,452
Dec 1996294123.32$47
Nov 199601,15821.97$0
Oct 19961911,12423.31$4,452
Sep 19961941,74222.22$4,311
Aug 199601,00820.26$0
Jul 19961881,21819.55$3,675
Jun 199604,03518.73$0
May 19961891,91519.43$3,672
Apr 199611,75021.51$22
Mar 199611,63819.38$19
Feb 199618930016.98$3,209
Jan 199611,40717.07$17
Dec 1995174417.19$17
Nov 199502,29816.00$0
Oct 199502,57615.43$0
Sep 199512,61816.18$16
Aug 19955871,11315.92$9,345
Jul 1995174015.24$15
Jun 199512,23816.41$16
May 199502,95217.56$0
Apr 19951882,43217.73$3,333
Mar 19951943,33216.44$3,189
Feb 199503,37616.58$0
Jan 19953233,59315.92$5,142
Dec 199402,31115.03$0
Nov 19941972,97315.90$3,132
Oct 19941914,20215.58$2,976
Sep 199402,92115.29$0
Aug 199403,43016.13$0
Jul 19942002,61217.56$3,512
Jun 19943852,17417.09$6,580
May 19941865,30715.88$2,954
Apr 19943526,88314.14$4,977
Mar 199409,35612.46$0
Feb 199404,18512.50$0
Jan 19943585,94312.66$4,532
Dec 19935548,22812.33$6,831
Nov 19931927,22914.49$2,782
Oct 199307,51415.85$0
Sep 19935548,07715.03$8,327
Aug 19933588,56615.66$5,606
Jul 199335311,10715.46$5,457
Jun 199353711,26916.79$9,016
May 199372914,56717.68$12,889
Apr 199371314,57318.05$12,870
Mar 199318513,58218.14$3,356

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 2023 — as filed, then multipliedworked
Condensate            71 bbl  × $ 70.62 =     $5,014
Gas                    0 Mcf  × $  2.23 =         $0

────────────────────────────────────────────────────
Month total                                   $5,014

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. 06/G/145144 is the state's own key, not one this site invented.