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 181420District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
Jan 2001 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
305
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 Gas112001-05-10143334
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
CondensateDisposition3,215 bbl$133,841
GasProduction1,023,197 Mcf$5,238,603
Total$5,372,444

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 32.2630, -94.6913. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.26301, -94.69130 · 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
10,860 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 10,860 ft.

Completions filed
Jan 2001
1 of 1 wells

1 well

42-40133043310,860 ftJan 2001

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 (305)

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

305 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 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20234072.852.39$291
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 20220081.844.54$0
Dec 20210071.323.90$0
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 202092014.751.80$1,357
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 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019024246.033.23$781
Dec 201801,87346.594.19$7,839
Nov 201801,42352.934.24$6,030
Oct 201802,23861.443.40$7,605
Sep 201801,97859.543.11$6,148
Aug 2018672,22559.403.07$10,803
Jul 201802,16765.142.93$6,353
Jun 201802,34160.183.08$7,203
May 201801,34565.382.90$3,902
Apr 201802,25263.842.90$6,533
Mar 201801,87961.222.79$5,236
Feb 201802,35361.782.77$6,509
Jan 201802,07962.874.01$8,335
Dec 201702,33657.272.92$6,825
Nov 201702,24355.423.12$6,994
Oct 201702,23649.292.98$6,672
Sep 201702,10947.523.09$6,511
Aug 201702,24045.373.00$6,730
Jul 201702,10843.873.09$6,508
Jun 201701,56442.493.09$4,829
May 2017992,06745.373.26$11,237
Apr 201702,12947.933.21$6,838
Mar 201702,21346.772.98$6,603
Feb 201702,28750.452.95$6,753
Jan 201702,64349.413.42$9,036
Dec 201602,44048.763.72$9,084
Nov 201602,02342.492.64$5,350
Oct 201601,77746.193.09$5,491
Sep 201601,99541.553.10$6,186
Aug 201601,88341.442.92$5,507
Jul 201602,02041.622.92$5,907
Jun 201602,23345.352.69$5,997
May 201602,28442.521.99$4,548
Apr 201602,06936.561.99$4,119
Mar 201602,25633.011.79$4,047
Feb 201602,25426.472.06$4,651
Jan 2016952,18027.352.36$7,753
Dec 201502,37732.362.00$4,757
Nov 201502,51138.792.17$5,442
Oct 201502,68643.552.43$6,518
Sep 201502,50342.992.76$6,904
Aug 201502,70840.162.87$7,779
Jul 201502,49248.152.95$7,339
Jun 201502,53456.152.88$7,305
May 201502,65555.212.96$7,847
Apr 201502,65349.822.71$7,181
Mar 201503,00042.892.93$8,804
Feb 201502,79744.662.98$8,324
Jan 201503,05243.433.10$9,463
Dec 201403,28254.693.59$11,787
Nov 201408270.464.25$349
Oct 2014044278.303.90$1,724
Sep 201411,24986.164.05$5,139
Aug 201401,89789.394.04$7,655
Jul 201402,06896.564.18$8,643
Jun 201401,87098.164.74$8,858
May 201402,26794.734.73$10,715
Apr 201402,17295.944.81$10,445
Mar 201402,30095.895.06$11,631
Feb 201401,58397.406.19$9,802
Jan 2014039190.404.86$1,901
Dec 201301,40891.824.35$6,131
Nov 201301,70288.853.74$6,363
Oct 201301,81897.423.78$6,871
Sep 201371,953104.113.72$7,990
Aug 201302,079104.253.52$7,324
Jul 201302,139102.523.72$7,952
Jun 201302,48194.403.93$9,759
May 201302,06294.834.15$8,555
Apr 201302,06593.964.28$8,844
Mar 201302,24293.623.91$8,773
Feb 201301,95891.233.42$6,696
Jan 201302,19291.603.42$7,496
Dec 201202,20186.773.42$7,528
Nov 201202,83086.953.62$10,259
Oct 2012302,93489.383.40$12,656
Sep 201202,93394.672.92$8,560
Aug 201202,88092.662.91$8,376
Jul 201202,64685.133.02$7,993
Jun 2012473,12479.822.52$11,621
May 201203,01191.612.49$7,492
Apr 201203,057101.652.00$6,104
Mar 201202,950105.052.22$6,555
Feb 201213,179101.102.57$8,272
Jan 201223,40898.092.73$9,514
Dec 201113,29996.873.24$10,785
Nov 201113,14895.723.31$10,520
Oct 201102,18784.983.65$7,979
Sep 201102,21383.623.99$8,821
Aug 201102,56583.404.15$10,643
Jul 201102,43894.144.52$11,013
Jun 201102,83292.904.64$13,140
May 201102,64598.134.40$11,651
Apr 201102,552105.964.33$11,059
Mar 201102,62696.364.06$10,655
Feb 201102,68285.644.18$11,211
Jan 201102,35486.504.59$10,802
Dec 20101902,60985.734.35$27,632
Nov 201002,51780.843.80$9,553
Oct 201012,51378.103.51$8,896
Sep 201002,28472.633.98$9,089
Aug 201001,73873.684.42$7,681
Jul 201002,60772.554.74$12,348
Jun 201012,54670.364.91$12,572
May 201002,49971.124.24$10,584
Apr 201013,03681.694.12$12,598
Mar 201012,43378.394.39$10,756
Feb 20101522,91773.585.44$27,060
Jan 2010061474.365.96$3,662
Dec 200902,02871.445.48$11,121
Nov 200902,97974.593.75$11,176
Oct 200903,34072.544.11$13,728
Sep 200902,48265.543.06$7,607
Aug 200903,17067.423.22$10,203
Jul 200903,13961.133.46$10,875
Jun 200912,73966.163.90$10,735
May 200903,03554.743.93$11,915
Apr 200903,34146.773.59$11,986
Mar 200903,55042.144.06$14,409
Feb 200903,18832.814.63$14,770
Jan 200902,36735.865.37$12,713
Dec 200813,47937.105.98$20,832
Nov 200813,19655.496.86$21,981
Oct 20081303,33575.246.92$32,866
Sep 200803,207101.767.88$25,262
Aug 200803,357114.228.48$28,478
Jul 200813,548131.0811.39$40,541
Jun 200803,528131.3313.03$45,979
May 200803,809123.1711.57$44,086
Apr 200803,932110.3110.45$41,109
Mar 200804,804101.909.66$46,426
Feb 200814,20392.538.77$36,955
Jan 200803,89290.388.21$31,937
Dec 200703,86388.337.30$28,208
Nov 200714,07391.677.29$29,791
Oct 200714,72082.856.92$32,755
Sep 200704,78175.846.24$29,853
Aug 200724,49569.066.39$28,852
Jul 2007604,33170.906.39$31,920
Jun 200714,46062.007.55$33,728
May 200704,65758.747.85$36,540
Apr 200714,20859.617.81$32,904
Mar 200703,98056.927.30$29,062
Feb 200704,45855.108.22$36,627
Jan 200713,87950.306.73$26,144
Dec 200614,46056.656.92$30,913
Nov 200614,25954.207.62$32,497
Oct 200604,87954.906.01$29,341
Sep 2006785,30760.085.04$31,419
Aug 200616,47168.717.34$47,565
Jul 200625,18369.376.34$33,013
Jun 200615,17966.286.38$33,128
May 200604,90366.016.42$31,502
Apr 200605,54564.397.36$40,814
Mar 200605,57256.707.08$39,466
Feb 200604,71757.597.75$36,562
Jan 20061666,06360.598.93$64,221
Dec 200504,41754.9413.42$59,256
Nov 200505,40554.6910.59$57,230
Oct 200505,83558.3413.80$80,498
Sep 200504,62661.4512.08$55,877
Aug 200505,58161.519.80$54,676
Jul 20051525,55055.697.84$51,997
Jun 200505,92052.337.38$43,696
May 200506,18845.226.65$41,157
Apr 200505,79149.207.36$42,625
Mar 200506,72950.377.15$48,145
Feb 2005795,10545.226.31$35,795
Jan 200533,99643.166.32$25,393
Dec 200405,04039.866.75$34,025
Nov 200405,73145.286.33$36,280
Oct 200405,97649.706.52$38,934
Sep 200405,94843.245.28$31,429
Aug 200406,30042.375.55$34,969
Jul 200406,61238.286.08$40,229
Jun 200406,18336.106.43$39,775
May 200407,04437.486.49$45,748
Apr 200407,64034.475.86$44,759
Mar 200408,12734.365.53$44,943
Feb 200407,16032.455.51$39,449
Jan 200408,82332.036.30$55,582
Dec 20031248,23230.266.30$55,627
Nov 200307,17428.804.60$32,966
Oct 200306,72028.174.76$31,985
Sep 200337,15626.314.75$34,065
Aug 20031248,18729.765.13$45,687
Jul 200347,80229.415.17$40,461
Jun 200305,32428.565.98$31,853
May 200365,95826.595.97$35,745
Apr 200305,90426.675.41$31,925
Mar 20031435,87731.146.10$40,279
Feb 200355,83233.487.93$46,391
Jan 200377,13130.315.58$40,018
Dec 200256,31526.914.85$30,786
Nov 200265,62224.664.14$23,406
Oct 200206,46926.464.23$27,358
Sep 20021367,05127.443.64$29,364
Aug 200207,72225.963.16$24,434
Jul 200208,74824.583.06$26,784
Jun 20021588,13123.733.34$30,893
May 200208,13524.663.58$29,156
Apr 2002910,43823.653.51$36,874
Mar 20021510,58122.003.10$33,160
Feb 200215510,77618.222.38$28,424
Jan 2002610,32417.172.38$24,630
Dec 200114813,84616.932.36$35,243
Nov 2001116,03318.072.41$38,586
Oct 200107,93919.782.53$20,077
Sep 200119217,37524.262.25$43,775
Aug 2001019,10924.873.05$58,343
Jul 2001520,75423.933.20$66,472
Jun 2001324,10024.563.82$92,236
May 200119122,18825.524.31$100,445
Apr 20011321,87224.685.34$117,015
Mar 200121828,72524.545.38$159,788
Feb 2001324,60027.755.77$141,953
Jan 20015638,56827.478.40$325,462

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.

Mar 2023 — as filed, then multipliedworked
Condensate             4 bbl  × $ 72.85 =       $291
Gas                    0 Mcf  × $  2.39 =         $0

────────────────────────────────────────────────────
Month total                                     $291

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/181420 is the state's own key, not one this site invented.