MOBLEY

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

Gas lease lease 159427District 06Field 095913002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.4 M
Jul 1996 – Apr 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
142
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 405 leases and 405 wells, and the rule below applies to all of them.

Discovered
1978-01-03
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2015-06-09.

The Commission's schedule remark for this field reads: LATERAL RULES.

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 Gas111996-09-13135364
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
CondensateDisposition5,447 bbl$122,157
GasProduction724,755 Mcf$2,229,113
Total$2,351,270

117,818 Mcf of this lease's gas, across 6 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 32.4572, -94.4031. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45717, -94.40313 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,208 ft
1 wells filed one
Completion to plug
8.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 10,208 ft.

Completions filed
Dec 1999
1 of 1 wells
Plug dates filed
Apr 2008
1 of 1 wells

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-20332330210,208 ftDec 1999Apr 2008Yes

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 (142)

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

142 months

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 200518061.4512.08$1,106
Aug 2005252,91261.519.80$30,066
Jul 2005293,28755.697.84$27,397
Jun 2005243,91852.337.38$30,175
May 2005303,30945.226.65$23,365
Apr 2005152,82149.207.36$21,502
Mar 2005353,17950.377.15$24,508
Feb 2005413,11645.226.31$21,522
Jan 2005412,94143.166.32$20,363
Dec 2004194,04239.866.75$28,045
Nov 2004334,13545.286.33$27,671
Oct 200403,20849.706.52$20,900
Sep 2004293,40543.245.28$19,246
Aug 2004133,71142.375.55$21,149
Jul 2004303,93738.286.08$25,102
Jun 2004314,05136.106.43$27,179
May 2004304,42637.486.49$29,869
Apr 2004463,73834.475.86$23,485
Mar 2004314,21734.365.53$24,386
Feb 2004434,24232.455.51$24,767
Jan 2004324,50132.036.30$29,380
Dec 2003314,65530.266.30$30,272
Nov 2003294,81128.804.60$22,943
Oct 2003664,22328.174.76$21,959
Sep 20031065,99226.314.75$31,247
Aug 2003605,79329.765.13$31,502
Jul 2003473,43529.415.17$19,144
Jun 2003343,80828.565.98$23,754
May 2003213,24526.595.97$19,940
Apr 2003333,52326.675.41$19,930
Mar 2003323,59131.146.10$22,887
Feb 2003103,25133.487.93$26,102
Jan 200304,19830.315.58$23,433
Dec 200205,12126.914.85$24,856
Nov 200205,88924.664.14$24,363
Oct 200207,29226.464.23$30,839
Sep 200207,05927.443.64$25,661
Aug 200207,92025.963.16$25,060
Jul 200206,92824.583.06$21,212
Jun 200207,42123.733.34$24,773
May 2002108,04124.663.58$29,066
Apr 2002355,55223.653.51$20,328
Mar 2002236,99822.003.10$22,219
Feb 2002285,50818.222.38$13,595
Jan 2002286,27717.172.38$15,393
Dec 2001193,97216.932.36$9,713
Nov 2001334,09218.072.41$10,440
Oct 2001133,70219.782.53$9,619
Sep 2001134,09424.262.25$9,532
Aug 2001153,71524.873.05$11,716
Jul 2001303,52523.933.20$11,988
Jun 2001473,34024.563.82$13,927
May 2001644,40725.524.31$20,616
Apr 2001634,59824.685.34$26,087
Mar 2001684,30024.545.38$24,787
Feb 2001653,98827.755.77$24,803
Jan 2001894,74227.478.40$42,272
Dec 2000434,49826.889.12$42,189
Nov 200005,77232.215.66$32,658
Oct 200004,73831.235.15$24,379
Sep 200006,48731.875.19$33,645
Aug 200006,82829.644.54$31,004
Jul 200007,21228.534.09$29,495
Jun 200006,84729.304.40$30,108
May 200008,41927.263.68$30,980
Apr 200008,98024.513.12$27,982
Mar 2000012,23228.422.86$34,980
Feb 200004,88327.622.73$13,314
Jan 2000542,50125.272.48$7,568
Dec 19991835,44224.282.42$17,633
Nov 199906,46123.192.43$15,726
Oct 199925,88720.982.80$16,547
Sep 1999996,48921.752.62$19,147
Aug 1999846,04519.262.88$19,001
Jul 199916,17517.892.37$14,667
Jun 19991285,97515.942.36$16,154
May 199926,37015.792.32$14,816
Apr 199916,28815.102.21$13,899
Mar 199907,11012.471.84$13,071
Feb 19991195,9989.981.82$12,091
Jan 19991276,82610.381.90$14,287
Dec 199806,9549.201.77$12,332
Nov 19981297,07510.892.19$16,869
Oct 199807,90712.421.97$15,571
Sep 19981097,40712.592.08$16,798
Aug 199807,99411.301.91$15,247
Jul 19981108,40211.742.24$20,089
Jun 19981167,35511.242.24$17,759
May 199809,19612.622.21$20,290
Apr 19981398,19513.042.51$22,344
Mar 199808,57012.802.31$19,792
Feb 19981488,37213.952.30$21,313
Jan 1998210,00014.702.15$21,577
Dec 199724310,40116.322.41$29,044
Nov 199708,62918.193.09$26,649
Oct 199713012,29619.253.15$41,233
Sep 1997018,20517.742.95$53,794
Aug 19971032,89217.862.55$9,228
Jul 199701,29217.582.25$2,903
Jun 199704,30717.242.26$9,722
May 19971479,37918.972.31$24,440
Apr 199713810,74817.882.08$24,853
Mar 199714410,09718.951.94$22,308
Feb 19972803,26520.492.21$12,939
Jan 1997011,43423.483.54$40,473
Dec 199614511,21923.32$3,381
Nov 199615415,76421.97$3,383
Oct 199616519,86723.31$3,846
Sep 199629822,76222.22$6,622
Aug 199616830,93020.26$3,404
Jul 19962917,27619.55$567

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.

Sep 2005 — as filed, then multipliedworked
Condensate            18 bbl  × $ 61.45 =     $1,106
Gas                    0 Mcf  × $ 12.08 =         $0

────────────────────────────────────────────────────
Month total                                   $1,106

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/159427 is the state's own key, not one this site invented.