HEDGE "A"

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

Gas lease lease 171174District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Oct 1998 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
332
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas111999-02-23140142
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
CondensateDisposition2,606 bbl$89,574
GasProduction828,759 Mcf$3,429,806
Total$3,519,380

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 32.2676, -94.7010. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.26756, -94.70095 · 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
0.0%
0 of 1 wells
Median depth
10,859 ft
1 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.
1100.0%

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 10,859 ft.

1 well

42-40132876210,859 ft

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 (332)

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

332 months

May 20260260106.413.05$792
Apr 2026021598.932.87$617
Mar 2026024289.753.15$762
Feb 2026028563.503.75$1,069
Jan 2026018159.138.00$1,448
Dec 2025026756.664.41$1,178
Nov 2025018958.593.93$742
Oct 2025019059.383.30$628
Sep 2025027862.743.08$855
Aug 2025024763.933.01$745
Jul 2025026066.743.32$862
Jun 2025018966.483.13$591
May 2025033260.553.23$1,073
Apr 2025025562.363.54$904
Mar 2025025067.704.27$1,067
Feb 2025117570.884.34$831
Jan 2025022574.324.28$963
Dec 2024021268.993.12$662
Nov 2024022269.052.20$488
Oct 2024023371.372.28$532
Sep 2024032769.612.36$773
Aug 2024021875.632.06$450
Jul 2024078979.932.15$1,694
Jun 2024070178.082.63$1,846
May 20240078.812.20$0
Apr 2024050684.451.66$840
Mar 2024031780.301.55$490
Feb 2024055276.091.78$985
Jan 2024069973.023.30$2,305
Dec 2023051971.262.61$1,355
Nov 2023051577.892.81$1,446
Oct 202301,10285.443.09$3,402
Sep 202301,12989.042.74$3,088
Aug 202301,37180.522.67$3,665
Jul 202301,41274.852.64$3,730
Jun 202301,55668.962.26$3,514
May 202301,37570.622.23$3,063
Apr 202301,29078.122.24$2,887
Mar 20231501,41972.852.39$14,323
Feb 202301,33375.112.47$3,287
Jan 202321,66576.533.39$5,794
Dec 202201,12676.415.73$6,451
Nov 202211,36385.005.65$7,781
Oct 202221,72787.185.86$10,301
Sep 202201,53684.888.16$12,539
Aug 202201,72794.529.13$15,763
Jul 202201,617101.587.54$12,196
Jun 202201,671115.097.98$13,330
May 202201,683109.378.43$14,193
Apr 202201,662104.226.84$11,364
Mar 202201,848108.885.08$9,381
Feb 202201,27591.054.86$6,195
Jan 202201,19781.844.54$5,432
Dec 202101,64671.323.90$6,418
Nov 202101,65877.435.24$8,683
Oct 202101,74279.795.71$9,954
Sep 202101,68669.865.35$9,022
Aug 202121,79266.024.22$7,695
Jul 202101,84370.783.98$7,339
Jun 202101,87369.493.38$6,332
May 202102,00163.483.02$6,038
Apr 202101,79760.362.76$4,957
Mar 202101,92961.302.72$5,241
Feb 202101,71857.805.55$9,531
Jan 202101,90950.412.81$5,365
Dec 202001,98644.642.68$5,313
Nov 202002,12338.772.71$5,746
Oct 202002,08036.972.48$5,155
Sep 202002,22637.091.99$4,432
Aug 202022,20239.982.39$5,332
Jul 202032,02538.371.83$3,811
Jun 202042,14634.901.69$3,767
May 202002,43516.921.81$4,419
Apr 2020842,36814.751.80$5,512
Mar 202002,44530.341.86$4,538
Feb 202032,37949.881.98$4,862
Jan 202022,55757.252.09$5,471
Dec 201932,23059.012.30$5,316
Nov 201932,61555.302.75$7,359
Oct 201922,62153.472.42$6,446
Sep 201942,70155.052.66$7,398
Aug 201922,82353.112.30$6,611
Jul 201932,76556.272.46$6,971
Jun 201922,78252.782.49$7,036
May 201943,11458.482.74$8,767
Apr 201902,32962.632.75$6,406
Mar 2019032656.803.06$998
Feb 2019050350.852.79$1,404
Jan 2019020146.033.23$649
Dec 2018049246.594.19$2,059
Nov 2018041252.934.24$1,746
Oct 2018025161.443.40$853
Sep 2018032359.543.11$1,004
Aug 20181735759.403.07$2,105
Jul 2018068865.142.93$2,017
Jun 2018049760.183.08$1,529
May 2018024165.382.90$699
Apr 2018040963.842.90$1,186
Mar 2018046361.222.79$1,290
Feb 2018039961.782.77$1,104
Jan 2018049662.874.01$1,989
Dec 2017063357.272.92$1,849
Nov 2017039955.423.12$1,244
Oct 2017049349.292.98$1,471
Sep 2017039247.523.09$1,210
Aug 2017036645.373.00$1,100
Jul 2017034143.873.09$1,053
Jun 2017029242.493.09$901
May 20176938745.373.26$4,393
Apr 2017042847.933.21$1,375
Mar 2017045046.772.98$1,343
Feb 2017040950.452.95$1,208
Jan 2017048849.413.42$1,668
Dec 201601,28448.763.72$4,780
Nov 201601,65342.492.64$4,371
Oct 201601,15046.193.09$3,554
Sep 201601,74341.553.10$5,404
Aug 201601,50441.442.92$4,398
Jul 201601,76841.622.92$5,170
Jun 201601,54545.352.69$4,150
May 201601,48042.521.99$2,947
Apr 201601,72236.561.99$3,429
Mar 201601,93933.011.79$3,479
Feb 201601,92126.472.06$3,964
Jan 2016661,64827.352.36$5,702
Dec 201501,38332.362.00$2,768
Nov 201501,45538.792.17$3,153
Oct 201501,31643.552.43$3,193
Sep 201501,64142.992.76$4,527
Aug 201501,40540.162.87$4,036
Jul 201501,81348.152.95$5,339
Jun 201501,90956.152.88$5,503
May 201501,53755.212.96$4,543
Apr 201501,63349.822.71$4,420
Mar 201502,25642.892.93$6,621
Feb 201502,19244.662.98$6,524
Jan 201502,36243.433.10$7,324
Dec 201403,12254.693.59$11,212
Nov 2014037970.464.25$1,611
Oct 201401,31978.303.90$5,145
Sep 2014562,72286.164.05$15,837
Aug 201422,60789.394.04$10,698
Jul 201462,75596.564.18$12,094
Jun 201422,70798.164.74$13,019
May 201402,56194.734.73$12,105
Apr 201462,16895.944.81$11,002
Mar 201402,14195.895.06$10,827
Feb 201451,93197.406.19$12,444
Jan 201402,19790.404.86$10,679
Dec 201322,21791.824.35$9,838
Nov 201302,06988.853.74$7,735
Oct 201302,58397.423.78$9,762
Sep 201352,854104.113.72$11,131
Aug 201303,126104.253.52$11,012
Jul 201303,028102.523.72$11,257
Jun 201302,88494.403.93$11,344
May 201303,15894.834.15$13,103
Apr 201302,88293.964.28$12,342
Mar 201303,34093.623.91$13,069
Feb 201302,78991.233.42$9,538
Jan 201303,20191.603.42$10,947
Dec 201203,29286.773.42$11,259
Nov 201203,04786.953.62$11,045
Oct 2012233,20889.383.40$12,962
Sep 201202,81294.672.92$8,207
Aug 201203,04592.662.91$8,855
Jul 201203,05285.133.02$9,219
Jun 2012413,24879.822.52$11,454
May 201203,89991.612.49$9,702
Apr 201203,960101.652.00$7,907
Mar 201204,337105.052.22$9,637
Feb 201214,162101.102.57$10,798
Jan 201224,50198.092.73$12,502
Dec 201114,48196.873.24$14,614
Nov 201102,63095.723.31$8,709
Oct 2011030184.983.65$1,098
Sep 2011025083.623.99$996
Aug 201102783.404.15$112
Jul 201109694.144.52$434
Jun 2011015792.904.64$728
May 2011029398.134.40$1,291
Apr 20110234105.964.33$1,014
Mar 2011016396.364.06$661
Feb 2011017185.644.18$715
Jan 2011022986.504.59$1,051
Dec 2010017485.734.35$757
Nov 2010021880.843.80$827
Oct 2010036478.103.51$1,277
Sep 2010056172.633.98$2,232
Aug 2010061073.684.42$2,696
Jul 20100072.554.74$0
Jun 2010063970.364.91$3,138
May 2010094471.124.24$3,998
Apr 201003,46681.694.12$14,289
Mar 201004,34078.394.39$19,047
Feb 201003,91373.585.44$21,296
Jan 2010080074.365.96$4,771
Dec 200905571.445.48$302
Nov 2009022974.593.75$859
Oct 2009017272.544.11$707
Sep 2009015865.543.06$484
Aug 2009028167.423.22$904
Jul 2009033961.133.46$1,174
Jun 2009012166.163.90$471
May 2009024954.743.93$978
Apr 2009018446.773.59$660
Mar 2009037542.144.06$1,522
Feb 2009050732.814.63$2,349
Jan 2009052135.865.37$2,798
Dec 2008030137.105.98$1,799
Nov 2008026255.496.86$1,797
Oct 2008230675.246.92$2,269
Sep 2008036101.767.88$284
Aug 20080191114.228.48$1,620
Jul 20080288131.0811.39$3,280
Jun 20080246131.3313.03$3,206
May 20080227123.1711.57$2,627
Apr 20080246110.3110.45$2,572
Mar 20080271101.909.66$2,619
Feb 2008041392.538.77$3,622
Jan 2008042190.388.21$3,455
Dec 2007039388.337.30$2,870
Nov 2007036791.677.29$2,676
Oct 2007029482.856.92$2,035
Sep 2007022675.846.24$1,411
Aug 2007018469.066.39$1,175
Jul 20072021270.906.39$2,772
Jun 200706162.007.55$460
May 200701,55758.747.85$12,217
Apr 200701,31559.617.81$10,264
Mar 200701,72556.927.30$12,596
Feb 200702,12555.108.22$17,459
Jan 200702,63550.306.73$17,725
Dec 200603,32656.656.92$23,011
Nov 200603,30154.207.62$25,145
Oct 200603,76154.906.01$22,618
Sep 2006183,92160.085.04$20,832
Aug 200604,39568.717.34$32,259
Jul 200613,93569.376.34$25,028
Jun 200613,90866.286.38$25,014
May 200603,97866.016.42$25,559
Apr 200603,85764.397.36$28,389
Mar 200604,12956.707.08$29,245
Feb 200603,43657.597.75$26,633
Jan 200604,05560.598.93$36,225
Dec 200502,94554.9413.42$39,508
Nov 200504,03954.6910.59$42,767
Oct 200504,02158.3413.80$55,473
Sep 200503,86861.4512.08$46,722
Aug 200504,12961.519.80$40,451
Jul 200504,52455.697.84$35,485
Jun 200504,54252.337.38$33,525
May 200502,99445.226.65$19,914
Apr 200504,83649.207.36$35,595
Mar 200504,24350.377.15$30,358
Feb 2005474,02045.226.31$27,499
Jan 200503,32443.166.32$21,015
Dec 200403,60639.866.75$24,344
Nov 200403,91045.286.33$24,752
Oct 20041684,40849.706.52$37,068
Sep 200464,64043.245.28$24,777
Aug 200405,00442.375.55$27,776
Jul 200405,90138.286.08$35,903
Jun 20041945,45436.106.43$42,089
May 200405,07737.486.49$32,973
Apr 200465,18234.475.86$30,565
Mar 200446,02334.365.53$33,445
Feb 20041875,17432.455.51$34,575
Jan 200405,60432.036.30$35,303
Dec 2003565,08430.266.30$33,732
Nov 200335,54728.804.60$25,576
Oct 200305,32928.174.76$25,364
Sep 2003062026.314.75$2,945
Aug 2003062829.765.13$3,221
Jul 2003079129.415.17$4,090
Jun 2003079728.565.98$4,768
May 2003069926.595.97$4,175
Apr 2003077926.675.41$4,212
Mar 2003068431.146.10$4,170
Feb 2003063533.487.93$5,033
Jan 2003053930.315.58$3,009
Dec 2002075226.914.85$3,650
Nov 2002068224.664.14$2,821
Oct 2002069526.464.23$2,939
Sep 2002288427.443.64$3,268
Aug 200201,02925.963.16$3,256
Jul 200201,10324.583.06$3,377
Jun 2002211,08523.733.34$4,120
May 200201,63224.663.58$5,849
Apr 200201,53123.653.51$5,377
Mar 200201,86422.003.10$5,783
Feb 2002442,39218.222.38$6,484
Jan 200204,67717.172.38$11,111
Dec 2001195,75516.932.36$13,929
Nov 200106,52918.072.41$15,706
Oct 200101,22019.782.53$3,085
Sep 2001164,10824.262.25$9,637
Aug 200104,25224.873.05$12,982
Jul 200104,27623.933.20$13,671
Jun 200105,60124.563.82$21,419
May 2001114,70425.524.31$20,542
Apr 200104,63624.685.34$24,735
Mar 2001116,08924.545.38$33,007
Feb 200105,21527.755.77$30,075
Jan 20011178,17527.478.40$71,874
Dec 200095,97626.889.12$54,758
Nov 20002157,81132.215.66$51,120
Oct 200003,89931.235.15$20,062
Sep 200006,90231.875.19$35,797
Aug 200003,80029.644.54$17,255
Jul 200005,89328.534.09$24,101
Jun 200007,82229.304.40$34,395
May 200004,89427.263.68$18,009
Apr 200008,22424.513.12$25,626
Mar 200006,77628.422.86$19,378
Feb 20001777,30027.622.73$24,792
Jan 200018,68125.272.48$21,558
Dec 199909,42824.282.42$22,851
Nov 199909,08323.192.43$22,108
Oct 1999110,36720.982.80$29,087
Sep 199909,83721.752.62$25,762
Aug 199918011,29119.262.88$35,935
Jul 1999012,32717.892.37$29,244
Jun 1999012,70415.942.36$30,008
May 1999014,65215.792.32$34,008
Apr 199910713,26215.102.21$30,899
Mar 1999117,65212.471.84$32,463
Feb 199918124,7869.981.82$46,862
Jan 199906,80010.381.90$12,920
Dec 199807,4699.201.77$13,245
Nov 199819724,90310.892.19$56,576
Oct 19980012.421.97$0

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
Condensate             0 bbl  × $106.41 =         $0
Gas                  260 Mcf  × $  3.05 =       $792

────────────────────────────────────────────────────
Month total                                     $792

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/171174 is the state's own key, not one this site invented.