CHANDLER

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

Gas lease lease 167340District 06Field 90705230CondensateGasSaveExport
Value, all time
$35 k
Nov 1997 – Jun 2009
Value, last 12 filed months
$322
at the published price for each month
Months reported
140
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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered
1997-11-06
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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 bbl$139
GasProduction8,436 Mcf$34,876
Total$35,015

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 31.7953, -94.4826. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.79527, -94.48256 · 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
7,865 ft
1 wells filed one
Completion to plug
11.6 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 7,865 ft.

Completions filed
Nov 1997
1 of 1 wells
Plug dates filed
Jun 2009
1 of 1 wells

Last completion to plug: a median of 11.6 years across the 1 well that filed both dates, with the middle half between 11.6 years and 11.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3473090317,865 ftNov 1997Jun 2009Yes

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 (140)

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

140 months

Jun 20090566.163.90$19
May 20090654.743.93$24
Apr 200901046.773.59$36
Mar 20090942.144.06$37
Feb 20090632.814.63$28
Jan 20090635.865.37$32
Dec 20080337.105.98$18
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200803101.767.88$24
Aug 200803114.228.48$25
Jul 200807131.0811.39$80
Jun 200803131.3313.03$39
May 200804123.1711.57$46
Apr 200806110.3110.45$63
Mar 200807101.909.66$68
Feb 20080792.538.77$61
Jan 20080690.388.21$49
Dec 20070888.337.30$58
Nov 20070791.677.29$51
Oct 20070482.856.92$28
Sep 20070075.846.24$0
Aug 20070169.066.39$6
Jul 20070370.906.39$19
Jun 20070662.007.55$45
May 20070258.747.85$16
Apr 20070359.617.81$23
Mar 20070756.927.30$51
Feb 200701255.108.22$99
Jan 200703250.306.73$215
Dec 200604156.656.92$284
Nov 200603754.207.62$282
Oct 200604954.906.01$295
Sep 200604260.085.04$212
Aug 20060768.717.34$51
Jul 200603369.376.34$209
Jun 200602766.286.38$172
May 200606266.016.42$398
Apr 2006015164.397.36$1,111
Mar 2006019856.707.08$1,402
Feb 200604057.597.75$310
Jan 200605460.598.93$482
Dec 200502954.9413.42$389
Nov 200502854.6910.59$296
Oct 200504558.3413.80$621
Sep 2005013861.4512.08$1,667
Aug 2005017561.519.80$1,714
Jul 200504455.697.84$345
Jun 200503852.337.38$280
May 20050445.226.65$27
Apr 20050449.207.36$29
Mar 20050250.377.15$14
Feb 20050445.226.31$25
Jan 20050243.166.32$13
Dec 20040339.866.75$20
Nov 20040245.286.33$13
Oct 200401049.706.52$65
Sep 20040943.245.28$48
Aug 20040542.375.55$28
Jul 20040738.286.08$43
Jun 20040136.106.43$6
May 20040737.486.49$45
Apr 200401334.475.86$76
Mar 20040034.365.53$0
Feb 200403432.455.51$187
Jan 200407332.036.30$460
Dec 200303630.266.30$227
Nov 200304828.804.60$221
Oct 200301728.174.76$81
Sep 200301226.314.75$57
Aug 20030929.765.13$46
Jul 20030229.415.17$10
Jun 20030828.565.98$48
May 20030926.595.97$54
Apr 200304226.675.41$227
Mar 200306331.146.10$384
Feb 200307033.487.93$555
Jan 200303530.315.58$195
Dec 20020026.914.85$0
Nov 200201424.664.14$58
Oct 200205626.464.23$237
Sep 200208727.443.64$316
Aug 200203925.963.16$123
Jul 200206124.583.06$187
Jun 200206123.733.34$204
May 200206524.663.58$233
Apr 200209223.653.51$323
Mar 200206522.003.10$202
Feb 200203818.222.38$90
Jan 200206617.172.38$157
Dec 200107716.932.36$182
Nov 200102318.072.41$55
Oct 200102619.782.53$66
Sep 20010624.262.25$14
Aug 2001011824.873.05$360
Jul 2001010423.933.20$333
Jun 2001018324.563.82$700
May 2001013325.524.31$573
Apr 2001011124.685.34$592
Mar 2001018524.545.38$995
Feb 20015227.755.77$150
Jan 200102027.478.40$168
Dec 200008026.889.12$730
Nov 2000014232.215.66$803
Oct 2000021031.235.15$1,081
Sep 200009531.875.19$493
Aug 2000015829.644.54$717
Jul 200005328.534.09$217
Jun 200002629.304.40$114
May 200005327.263.68$195
Apr 200007124.513.12$221
Mar 200004628.422.86$132
Feb 200006627.622.73$180
Jan 200005325.272.48$131
Dec 19990024.282.42$0
Nov 199905623.192.43$136
Oct 199903220.982.80$90
Sep 199904621.752.62$120
Aug 199904919.262.88$141
Jul 19990317.892.37$7
Jun 1999010015.942.36$236
May 199902315.792.32$53
Apr 1999013815.102.21$305
Mar 1999016512.471.84$303
Feb 19990159.981.82$27
Jan 1999010110.381.90$192
Dec 199802569.201.77$454
Nov 1998018410.892.19$402
Oct 1998044412.421.97$874
Sep 199801412.592.08$29
Aug 1998017011.301.91$324
Jul 199804311.742.24$96
Jun 199804611.242.24$103
May 199805312.622.21$117
Apr 199806513.042.51$163
Mar 1998024312.802.31$561
Feb 199802913.952.30$67
Jan 1998066214.702.15$1,426
Dec 1997031916.322.41$769
Nov 1997055018.193.09$1,699

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.

Jun 2009 — as filed, then multipliedworked
Condensate             0 bbl  × $ 66.16 =         $0
Gas                    5 Mcf  × $  3.90 =        $19

────────────────────────────────────────────────────
Month total                                      $19

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/167340 is the state's own key, not one this site invented.