WALLACE

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

Gas lease lease 185828District 06Field 066485002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.6 M
Oct 2001 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
296
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 503 leases and 503 wells, and the rule below applies to all of them.

Discovered
1974-05-21
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 20 acres. The field rule took effect on 2015-02-24.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112002-02-26146408
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
CondensateDisposition4,842 bbl$195,829
GasProduction886,698 Mcf$4,407,312
Total$4,603,141

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 32.2740, -94.5938. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.27398, -94.59382 · 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
10,570 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 10,570 ft.

Completions filed
Oct 2001
1 of 1 wells

1 well

42-40133045110,570 ftOct 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 (296)

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

296 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 20230072.852.39$0
Feb 20231075.112.47$75
Jan 202306276.533.39$210
Dec 202203276.415.73$183
Nov 2022016985.005.65$954
Oct 2022921587.185.86$2,045
Sep 2022031084.888.16$2,531
Aug 2022222494.529.13$2,234
Jul 2022261101.587.54$663
Jun 2022871115.097.98$1,487
May 20220109109.378.43$919
Apr 202213107104.226.84$2,086
Mar 20229216108.885.08$2,076
Feb 2022019691.054.86$952
Jan 2022323781.844.54$1,321
Dec 2021730271.323.90$1,677
Nov 20211445077.435.24$3,441
Oct 2021058279.795.71$3,325
Sep 2021241369.865.35$2,350
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 20204439.982.39$169
Jul 202091038.371.83$364
Jun 20206734.901.69$221
May 20200016.921.81$0
Apr 20208914.751.80$134
Mar 20203030.341.86$91
Feb 2020455149.881.98$1,291
Jan 2020552957.252.09$1,394
Dec 2019723159.012.30$945
Nov 2019627155.302.75$1,077
Oct 2019329853.472.42$881
Sep 2019833955.052.66$1,341
Aug 2019346153.112.30$1,222
Jul 20191172556.272.46$2,403
Jun 2019294852.782.49$2,467
May 20192175358.482.74$3,292
Apr 2019083562.632.75$2,297
Mar 2019055956.803.06$1,712
Feb 2019057650.852.79$1,608
Jan 2019189746.033.23$2,942
Dec 2018044546.594.19$1,863
Nov 2018232552.934.24$1,483
Oct 2018238261.443.40$1,421
Sep 2018144759.543.11$1,449
Aug 2018121559.403.07$719
Jul 2018231065.142.93$1,039
Jun 2018154460.183.08$1,734
May 2018032365.382.90$937
Apr 2018019363.842.90$560
Mar 2018027561.222.79$766
Feb 2018015961.782.77$440
Jan 2018044462.874.01$1,780
Dec 2017052057.272.92$1,519
Nov 2017049455.423.12$1,540
Oct 2017053949.292.98$1,608
Sep 2017041147.523.09$1,269
Aug 2017163645.373.00$1,956
Jul 2017180443.873.09$2,526
Jun 201711,00342.493.09$3,139
May 201731,16345.373.26$3,931
Apr 2017468747.933.21$2,398
Mar 201721,18746.772.98$3,635
Feb 201731,28750.452.95$3,951
Jan 201731,23849.413.42$4,381
Dec 2016111,27348.763.72$5,276
Nov 201641,40642.492.64$3,888
Oct 201642,53546.193.09$8,019
Sep 201652,22141.553.10$7,094
Aug 201672,90041.442.92$8,771
Jul 201652,27541.622.92$6,861
Jun 201622,26545.352.69$6,174
May 201652,04742.521.99$4,288
Apr 201612,16836.561.99$4,353
Mar 201622,44133.011.79$4,445
Feb 201602,00526.472.06$4,138
Jan 201632,46327.352.36$5,905
Dec 2015142,52832.362.00$5,513
Nov 201522,42038.792.17$5,323
Oct 201501,86443.552.43$4,523
Sep 201521,83742.992.76$5,153
Aug 201502,19340.162.87$6,299
Jul 201522,13848.152.95$6,393
Jun 201502,12356.152.88$6,120
May 201522,57455.212.96$7,718
Apr 201522,77749.822.71$7,616
Mar 201522,33342.892.93$6,932
Feb 201522,07844.662.98$6,274
Jan 201521,93143.433.10$6,074
Dec 201422,05054.693.59$7,472
Nov 201452,20570.464.25$9,728
Oct 201431,90678.303.90$7,670
Sep 201451,99786.164.05$8,510
Aug 201451,91889.394.04$8,186
Jul 201442,04096.564.18$8,913
Jun 201452,05398.164.74$10,216
May 201432,00094.734.73$9,737
Apr 201451,67795.944.81$8,545
Mar 201452,14295.895.06$11,311
Feb 201441,94597.406.19$12,433
Jan 201431,78790.404.86$8,957
Dec 2013161,82691.824.35$9,420
Nov 201321,94588.853.74$7,449
Oct 201352,35297.423.78$9,376
Sep 201352,017104.113.72$8,019
Aug 201352,352104.253.52$8,806
Jul 201362,059102.523.72$8,270
Jun 201342,13394.403.93$8,768
May 201341,96994.834.15$8,549
Apr 201361,95293.964.28$8,923
Mar 201352,14493.623.91$8,857
Feb 201372,52791.233.42$9,281
Jan 201392,25791.603.42$8,543
Dec 201261,91886.773.42$7,080
Nov 201241,97586.953.62$7,507
Oct 201272,00589.383.40$7,442
Sep 201251,95294.672.92$6,170
Aug 201282,30192.662.91$7,433
Jul 201262,54185.133.02$8,187
Jun 201252,66079.822.52$7,100
May 201242,66291.612.49$6,990
Apr 2012113,209101.652.00$7,526
Mar 201292,937105.052.22$7,472
Feb 2012142,999101.102.57$9,124
Jan 2012103,73798.092.73$11,198
Dec 201183,29896.873.24$11,460
Nov 201102,64795.723.31$8,765
Oct 201102,42684.983.65$8,851
Sep 201102,51383.623.99$10,016
Aug 201112,66483.404.15$11,137
Jul 201122,62094.144.52$12,023
Jun 201122,64092.904.64$12,435
May 201103,02598.134.40$13,325
Apr 201112,825105.964.33$12,347
Mar 201102,84096.364.06$11,523
Feb 201132,93485.644.18$12,521
Jan 201103,87286.504.59$17,768
Dec 201003,82185.734.35$16,613
Nov 201003,98980.843.80$15,140
Oct 201004,52578.103.51$15,878
Sep 201007,19072.633.98$28,612
Aug 201008,91273.684.42$39,385
Jul 201004,75372.554.74$22,513
Jun 201003,23370.364.91$15,875
May 201001,90971.124.24$8,085
Apr 201001,00381.694.12$4,135
Mar 201001,72578.394.39$7,570
Feb 201006,38873.585.44$34,766
Jan 201004,56574.365.96$27,226
Dec 200904,75871.445.48$26,092
Nov 200983,20074.593.75$12,602
Oct 2009133,53972.544.11$15,489
Sep 200983,31865.543.06$10,693
Aug 200983,36267.423.22$11,360
Jul 2009113,31761.133.46$12,164
Jun 2009113,14766.163.90$12,985
May 200903,31754.743.93$13,022
Apr 2009103,36746.773.59$12,547
Mar 2009143,27642.144.06$13,887
Feb 2009113,25832.814.63$15,455
Jan 2009173,40335.865.37$18,887
Dec 2008213,25037.105.98$20,205
Nov 2008163,54455.496.86$25,201
Oct 2008173,71675.246.92$27,001
Sep 2008133,775101.767.88$31,059
Aug 2008274,047114.228.48$37,415
Jul 2008313,868131.0811.39$48,118
Jun 2008123,720131.3313.03$50,057
May 200864,081123.1711.57$47,974
Apr 2008283,167110.3110.45$36,199
Mar 2008343,442101.909.66$36,728
Feb 2008103,34392.538.77$30,245
Jan 2008253,51990.388.21$31,135
Dec 2007103,39088.337.30$25,637
Nov 2007163,32091.677.29$25,675
Oct 200793,53982.856.92$25,243
Sep 2007263,57175.846.24$24,270
Aug 200763,97369.066.39$25,794
Jul 2007343,65470.906.39$25,752
Jun 2007103,18662.007.55$24,669
May 2007202,33458.747.85$19,488
Apr 2007153,54959.617.81$28,595
Mar 2007283,64356.927.30$28,195
Feb 2007163,78955.108.22$32,012
Jan 2007284,35350.306.73$30,690
Dec 2006114,48656.656.92$31,659
Nov 2006394,31754.207.62$34,998
Oct 2006124,58254.906.01$28,214
Sep 2006344,46360.085.04$24,524
Aug 2006123,64768.717.34$27,593
Jul 2006234,55169.376.34$30,461
Jun 2006304,52666.286.38$30,882
May 2006104,70466.016.42$30,883
Apr 2006153,54964.397.36$27,088
Mar 2006114,59956.707.08$33,198
Feb 2006354,30857.597.75$35,407
Jan 2006284,79760.598.93$44,550
Dec 2005155,09054.9413.42$69,108
Nov 2005354,89554.6910.59$53,744
Oct 2005154,89558.3413.80$68,405
Sep 2005365,05161.4512.08$63,223
Aug 2005375,32461.519.80$54,434
Jul 2005185,43855.697.84$43,656
Jun 2005295,31452.337.38$40,740
May 2005345,50245.226.65$38,132
Apr 2005315,21349.207.36$39,895
Mar 2005304,95050.377.15$36,928
Feb 2005154,90245.226.31$31,619
Jan 2005525,18643.166.32$35,031
Dec 2004315,68239.866.75$39,595
Nov 2004395,22545.286.33$34,842
Oct 2004325,68749.706.52$38,642
Sep 2004375,49043.245.28$30,608
Aug 2004305,71542.375.55$32,993
Jul 2004325,72438.286.08$36,051
Jun 2004565,59436.106.43$38,008
May 2004335,89437.486.49$39,516
Apr 2004205,76134.475.86$34,440
Mar 2004246,08734.365.53$34,487
Feb 2004416,31032.455.51$36,096
Jan 2004306,76332.036.30$43,565
Dec 2003336,95230.266.30$44,808
Nov 2003546,84028.804.60$32,986
Oct 2003347,51228.174.76$36,712
Sep 2003337,64426.314.75$37,172
Aug 2003478,20129.765.13$43,468
Jul 2003688,50229.415.17$45,962
Jun 2003588,50328.565.98$52,530
May 2003399,24626.595.97$56,260
Apr 2003599,27526.675.41$51,726
Mar 20038910,23431.146.10$65,158
Feb 2003399,51133.487.93$76,689
Jan 20037611,67530.315.58$67,474
Dec 20025412,32326.914.85$61,266
Nov 20027713,26924.664.14$56,792
Oct 20028810,59426.464.23$47,132
Sep 200215910,99627.443.64$44,336
Aug 20029212,21625.963.16$41,042
Jul 200215513,12224.583.06$43,986
Jun 200214913,53723.733.34$48,726
May 200215815,61924.663.58$59,875
Apr 200218017,79623.653.51$66,762
Mar 200218017,02622.003.10$56,787
Feb 200213317,88918.222.38$44,922
Jan 200236920,43217.172.38$54,876
Dec 200133221,91616.932.36$57,439
Nov 2001024,10618.072.41$57,987
Oct 200105,45519.782.53$13,795

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.

Feb 2023 — as filed, then multipliedworked
Condensate             1 bbl  × $ 75.11 =        $75
Gas                    0 Mcf  × $  2.47 =         $0

────────────────────────────────────────────────────
Month total                                      $75

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/185828 is the state's own key, not one this site invented.