RAINWATER

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 172195District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
Nov 1998 – Mar 2020
Value, last 12 filed months
$114
at the published price for each month
Months reported
257
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 Gas111999-04-07140143
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
CondensateDisposition1,394 bbl$62,447
GasProduction673,950 Mcf$3,019,656
Total$3,082,103

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 32.2639, -94.6533. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.26388, -94.65329 · 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
10,700 ft
1 wells filed one
Completion to plug
21.3 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 10,700 ft.

Completions filed
Nov 1998
1 of 1 wells
Plug dates filed
Mar 2020
1 of 1 wells

Last completion to plug: a median of 21.3 years across the 1 well that filed both dates, with the middle half between 21.3 years and 21.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40132874210,700 ftNov 1998Mar 2020Yes

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 (257)

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

257 months

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 20191153.112.30$55
Jul 20191156.272.46$59
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20171155.423.12$59
Oct 20170049.292.98$0
Sep 20171147.523.09$51
Aug 20170045.373.00$0
Jul 20171143.873.09$47
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20171147.933.21$51
Mar 20172246.772.98$100
Feb 20170050.452.95$0
Jan 20171149.413.42$53
Dec 20164448.763.72$210
Nov 20163342.492.64$135
Oct 20163346.193.09$148
Sep 20164441.553.10$179
Aug 20163341.442.92$133
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20154438.792.17$164
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 201503542.892.93$103
Feb 2015055544.662.98$1,652
Jan 20150043.433.10$0
Dec 201401,63254.693.59$5,861
Nov 201401,71570.464.25$7,292
Oct 201401,59578.303.90$6,222
Sep 2014591,71486.164.05$12,017
Aug 201421,99989.394.04$8,245
Jul 2014085396.564.18$3,565
Jun 2014034898.164.74$1,648
May 2014072994.734.73$3,446
Apr 2014096395.944.81$4,631
Mar 201401,15895.895.06$5,856
Feb 201401,06397.406.19$6,582
Jan 201401,57990.404.86$7,675
Dec 201301,64991.824.35$7,181
Nov 201301,45488.853.74$5,435
Oct 201301,60397.423.78$6,058
Sep 201301,954104.113.72$7,264
Aug 201302,078104.253.52$7,320
Jul 201301,076102.523.72$4,000
Jun 201301,09194.403.93$4,291
May 201301,40694.834.15$5,834
Apr 201301,36693.964.28$5,850
Mar 201301,31893.623.91$5,157
Feb 201301,20491.233.42$4,118
Jan 201301,38891.603.42$4,747
Dec 201211,77086.773.42$6,140
Nov 201201,58986.953.62$5,760
Oct 20121101,60889.383.40$15,298
Sep 201201,66094.672.92$4,845
Aug 201201,62492.662.91$4,723
Jul 201201,73985.133.02$5,253
Jun 201201,83879.822.52$4,630
May 201201,91691.612.49$4,768
Apr 201201,630101.652.00$3,255
Mar 201201,325105.052.22$2,944
Feb 201201,725101.102.57$4,434
Jan 201201,98598.092.73$5,427
Dec 201101,92896.873.24$6,246
Nov 201102,22695.723.31$7,371
Oct 201102,17784.983.65$7,943
Sep 201102,23983.623.99$8,924
Aug 201102,15983.404.15$8,958
Jul 201102,07294.144.52$9,360
Jun 201101,96092.904.64$9,094
May 201102,05398.134.40$9,043
Apr 201102,101105.964.33$9,104
Mar 201102,14896.364.06$8,715
Feb 201102,17585.644.18$9,091
Jan 201102,30886.504.59$10,591
Dec 20101652,28785.734.35$24,089
Nov 201002,08780.843.80$7,921
Oct 201001,92978.103.51$6,769
Sep 201002,23672.633.98$8,898
Aug 201001,58273.684.42$6,991
Jul 201002,11772.554.74$10,027
Jun 201001,90770.364.91$9,364
May 201002,19271.124.24$9,284
Apr 201002,22881.694.12$9,185
Mar 201002,18978.394.39$9,607
Feb 201011,96273.585.44$10,751
Jan 201002,11474.365.96$12,608
Dec 200901,98571.445.48$10,885
Nov 200901,96974.593.75$7,387
Oct 200902,10972.544.11$8,669
Sep 200901,80665.543.06$5,535
Aug 200902,09467.423.22$6,740
Jul 200902,00161.133.46$6,932
Jun 200912,07166.163.90$8,133
May 200902,02754.743.93$7,958
Apr 200902,09946.773.59$7,530
Mar 200902,16442.144.06$8,784
Feb 200911,92932.814.63$8,970
Jan 200902,22635.865.37$11,956
Dec 200802,46437.105.98$14,728
Nov 200802,47355.496.86$16,966
Oct 200812,47975.246.92$17,235
Sep 200802,218101.767.88$17,471
Aug 200802,473114.228.48$20,979
Jul 200802,741131.0811.39$31,218
Jun 200802,627131.3313.03$34,237
May 200802,807123.1711.57$32,489
Apr 200812,735110.3110.45$28,704
Mar 200812,893101.909.66$28,060
Feb 200802,51992.538.77$22,093
Jan 200812,84990.388.21$23,469
Dec 200702,70088.337.30$19,715
Nov 200702,33291.677.29$17,004
Oct 200712,84682.856.92$19,783
Sep 200712,65075.846.24$16,623
Aug 200712,21169.066.39$14,193
Jul 200702,81870.906.39$18,001
Jun 200702,74762.007.55$20,736
May 200713,04658.747.85$23,959
Apr 200701,66559.617.81$12,996
Mar 200702,07056.927.30$15,115
Feb 200712,27455.108.22$18,738
Jan 200702,58850.306.73$17,409
Dec 200612,14256.656.92$14,876
Nov 200612,35454.207.62$17,986
Oct 200602,64154.906.01$15,882
Sep 20061122,43060.085.04$18,969
Aug 200602,66268.717.34$19,539
Jul 200612,40169.376.34$15,298
Jun 200602,28566.286.38$14,587
May 200602,91066.016.42$18,697
Apr 200602,61464.397.36$19,240
Mar 200601,98356.707.08$14,045
Feb 200601,88457.597.75$14,603
Jan 200602,30460.598.93$20,582
Dec 200501,99454.9413.42$26,750
Nov 200502,41354.6910.59$25,550
Oct 200502,54458.3413.80$35,096
Sep 200502,52961.4512.08$30,548
Aug 200502,78461.519.80$27,274
Jul 200502,90155.697.84$22,754
Jun 200502,88852.337.38$21,316
May 200503,25745.226.65$21,663
Apr 200503,02849.207.36$22,288
Mar 200503,03450.377.15$21,708
Feb 200502,71345.226.31$17,124
Jan 200512,90643.166.32$18,415
Dec 200402,44039.866.75$16,473
Nov 200403,08445.286.33$19,523
Oct 200413,39749.706.52$22,181
Sep 200402,96943.245.28$15,688
Aug 200402,84442.375.55$15,786
Jul 200403,34638.286.08$20,358
Jun 20041612,95136.106.43$24,796
May 200403,31037.486.49$21,497
Apr 200413,63134.475.86$21,307
Mar 200403,49934.365.53$19,350
Feb 200412,94932.455.51$16,280
Jan 200403,91332.036.30$24,650
Dec 200324,29430.266.30$27,120
Nov 200323,41228.804.60$15,736
Oct 200304,49928.174.76$21,414
Sep 200324,33726.314.75$20,651
Aug 200303,83129.765.13$19,652
Jul 200301,98029.415.17$10,238
Jun 200301,76428.565.98$10,554
May 200312,69826.595.97$16,141
Apr 200313,07926.675.41$16,676
Mar 200303,83031.146.10$23,348
Feb 200303,79633.487.93$30,087
Jan 200323,64130.315.58$20,385
Dec 200214,60226.914.85$22,364
Nov 200204,31324.664.14$17,843
Oct 200204,60426.464.23$19,471
Sep 200204,45327.443.64$16,188
Aug 200244,62325.963.16$14,732
Jul 200214,70424.583.06$14,427
Jun 20021774,58823.733.34$19,516
May 200234,82724.663.58$17,374
Apr 200224,80323.653.51$16,917
Mar 200215,19122.003.10$16,128
Feb 200204,69618.222.38$11,156
Jan 200265,38517.172.38$12,896
Dec 200125,06716.932.36$12,014
Nov 200105,29118.072.41$12,728
Oct 200102,43319.782.53$6,153
Sep 200105,47624.262.25$12,328
Aug 200105,76624.873.05$17,605
Jul 2001955,84123.933.20$20,947
Jun 200105,58224.563.82$21,346
May 200106,19725.524.31$26,692
Apr 200116,13724.685.34$32,768
Mar 200106,63524.545.38$35,673
Feb 200116,31127.755.77$36,424
Jan 200102,90327.478.40$24,382
Dec 200001,61526.889.12$14,733
Nov 200004,07532.215.66$23,056
Oct 200004,13831.235.15$21,292
Sep 200005,20231.875.19$26,980
Aug 200005,59929.644.54$25,424
Jul 200015,65128.534.09$23,140
Jun 20002096,78629.304.40$35,963
May 200004,13927.263.68$15,230
Apr 200006,91724.513.12$21,553
Mar 200005,55528.422.86$15,886
Feb 200006,46427.622.73$17,624
Jan 200017,83125.272.48$19,450
Dec 199908,26524.282.42$20,032
Nov 199907,90223.192.43$19,233
Oct 199919,45720.982.80$26,536
Sep 19991978,85021.752.62$27,462
Aug 1999010,41919.262.88$29,961
Jul 1999311,52817.892.37$27,402
Jun 1999012,89615.942.36$30,462
May 1999014,97615.792.32$34,760
Apr 199937,94715.102.21$17,593
Mar 1999210,88412.471.84$20,033
Feb 1999316,8149.981.82$30,594
Jan 1999822,45210.381.90$42,741
Dec 1998312,4559.201.77$22,114
Nov 199803,56510.892.19$7,792

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.

Aug 2019 — as filed, then multipliedworked
Condensate             1 bbl  × $ 53.11 =        $53
Gas                    1 Mcf  × $  2.30 =         $2

────────────────────────────────────────────────────
Month total                                      $55

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/172195 is the state's own key, not one this site invented.