STERRETT UNIT

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

Gas lease lease 194819District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.2 M
Feb 2003 – May 2026
Value, last 12 filed months
$16 k
at the published price for each month
Months reported
280
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
as the register files it
Field class
Oil and 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 40 acres. The field rule took effect on 2011-02-08.

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 Gas112003-07-08151721
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
CondensateDisposition25,880 bbl$1,519,890
GasProduction1,048,459 Mcf$5,696,705
Total$7,216,595

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 32.2820, -94.3934. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.28203, -94.39339 · 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
10,200 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 10,200 ft.

1 well

42-36534905310,200 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 (280)

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

280 months

May 20260283106.413.05$862
Apr 2026531898.932.87$1,407
Mar 2026445689.753.15$1,795
Feb 2026730763.503.75$1,596
Jan 2026642459.138.00$3,746
Dec 2025333856.664.41$1,662
Nov 2025635158.593.93$1,730
Oct 2025325359.383.30$1,014
Sep 2025111162.743.08$404
Aug 2025311963.933.01$551
Jul 2025217666.743.32$717
Jun 2025212866.483.13$533
May 2025521060.553.23$982
Apr 2025315062.363.54$719
Mar 2025316367.704.27$899
Feb 2025110170.884.34$509
Jan 202526274.324.28$414
Dec 2024315768.993.12$697
Nov 2024314469.052.20$524
Oct 2024314271.372.28$538
Sep 2024310869.612.36$464
Aug 2024418275.632.06$678
Jul 2024421679.932.15$783
Jun 20241326878.082.63$1,721
May 20241950778.812.20$2,612
Apr 2024251,43584.451.66$4,492
Mar 2024451,88380.301.55$6,523
Feb 2024312,02576.091.78$5,971
Jan 2024201,00573.023.30$4,775
Dec 2023221,28471.262.61$4,920
Nov 2023271,67577.892.81$6,806
Oct 2023261,23785.443.09$6,040
Sep 2023181,12889.042.74$4,688
Aug 2023181,15480.522.67$4,534
Jul 2023221,17674.852.64$4,753
Jun 20231595468.962.26$3,189
May 20231782470.622.23$3,036
Apr 2023231,02878.122.24$4,097
Mar 2023221,02972.852.39$4,065
Feb 2023201,03975.112.47$4,064
Jan 2023231,07076.533.39$5,385
Dec 2022171,04976.415.73$7,309
Nov 2022211,02385.005.65$7,561
Oct 2022151,01587.185.86$7,259
Sep 2022171,06984.888.16$10,170
Aug 2022211,12294.529.13$12,226
Jul 202214963101.587.54$8,685
Jun 202214908115.097.98$8,855
May 2022251,024109.378.43$11,370
Apr 2022161,082104.226.84$9,066
Mar 2022281,079108.885.08$8,526
Feb 20221899791.054.86$6,483
Jan 2022311,22381.844.54$8,087
Dec 2021161,06071.323.90$5,274
Nov 20212294377.435.24$6,642
Oct 2021171,13979.795.71$7,865
Sep 2021181,13869.865.35$7,347
Aug 2021241,07466.024.22$6,117
Jul 2021201,13370.783.98$5,927
Jun 2021301,07269.493.38$5,709
May 2021281,34863.483.02$5,845
Apr 2021171,19560.362.76$4,322
Mar 2021361,14061.302.72$5,304
Feb 2021191,15057.805.55$7,478
Jan 2021181,20050.412.81$4,280
Dec 2020351,09944.642.68$4,503
Nov 2020211,05938.772.71$3,680
Oct 2020301,62636.972.48$5,139
Sep 2020241,19337.091.99$3,265
Aug 2020271,14439.982.39$3,808
Jul 2020581,86538.371.83$5,629
Jun 2020271,40134.901.69$3,310
May 2020181,51516.921.81$3,054
Apr 20201396414.751.80$1,931
Mar 2020191,15830.341.86$2,726
Feb 2020171,05549.881.98$2,938
Jan 2020151,12957.252.09$3,224
Dec 2019211,41159.012.30$4,491
Nov 2019211,41155.302.75$5,043
Oct 2019251,34153.472.42$4,580
Sep 2019171,39655.052.66$4,645
Aug 2019221,58953.112.30$4,830
Jul 2019181,40956.272.46$4,479
Jun 2019221,37252.782.49$4,579
May 2019321,56958.482.74$6,171
Apr 2019511,64662.632.75$7,722
Mar 2019601,92456.803.06$9,299
Feb 2019581,85250.852.79$8,120
Jan 2019581,93146.033.23$8,903
Dec 2018641,79646.594.19$10,499
Nov 2018702,09852.934.24$12,595
Oct 2018631,96061.443.40$10,531
Sep 2018512,01259.543.11$9,290
Aug 2018522,17559.403.07$9,759
Jul 2018791,84465.142.93$10,552
Jun 2018831,96060.183.08$11,026
May 2018501,93665.382.90$8,885
Apr 2018461,82463.842.90$8,228
Mar 2018511,83561.222.79$8,236
Feb 2018491,66761.782.77$7,638
Jan 2018411,69262.874.01$9,361
Dec 2017491,91057.272.92$8,386
Nov 2017501,79855.423.12$8,378
Oct 2017421,82249.292.98$7,506
Sep 2017321,70347.523.09$6,778
Aug 2017371,91645.373.00$7,435
Jul 2017542,11243.873.09$8,889
Jun 2017451,85642.493.09$7,642
May 2017852,40445.373.26$11,702
Apr 2017651,44547.933.21$7,756
Mar 2017373,18246.772.98$11,225
Feb 2017452,46450.452.95$9,545
Jan 2017602,00649.413.42$9,823
Dec 2016541,85348.763.72$9,531
Nov 2016512,14142.492.64$7,829
Oct 2016472,22446.193.09$9,044
Sep 2016432,04141.553.10$8,115
Aug 2016522,09541.442.92$8,281
Jul 2016402,13141.622.92$7,897
Jun 2016411,87045.352.69$6,882
May 2016461,95842.521.99$5,854
Apr 2016481,64936.561.99$5,038
Mar 2016582,33233.011.79$6,098
Feb 2016322,38926.472.06$5,777
Jan 2016512,08827.352.36$6,332
Dec 2015422,12932.362.00$5,620
Nov 2015492,18038.792.17$6,625
Oct 2015461,99143.552.43$6,835
Sep 2015442,06342.992.76$7,582
Aug 2015432,05240.162.87$7,621
Jul 2015532,11648.152.95$8,784
Jun 2015452,03656.152.88$8,396
May 2015602,36255.212.96$10,293
Apr 2015532,31949.822.71$8,917
Mar 2015502,10342.892.93$8,316
Feb 2015431,80444.662.98$7,289
Jan 2015662,68943.433.10$11,204
Dec 2014602,46554.693.59$12,134
Nov 2014612,43770.464.25$14,660
Oct 2014492,54378.303.90$13,757
Sep 2014452,49586.164.05$13,971
Aug 2014652,46289.394.04$15,745
Jul 2014562,09296.564.18$14,151
Jun 2014542,25798.164.74$15,992
May 2014522,07694.734.73$14,738
Apr 2014752,26395.944.81$18,079
Mar 2014672,24895.895.06$17,792
Feb 2014592,07097.406.19$18,564
Jan 2014772,23790.404.86$17,834
Dec 2013892,39591.824.35$18,601
Nov 2013652,35288.853.74$14,568
Oct 2013692,47797.423.78$16,083
Sep 2013492,815104.113.72$15,567
Aug 2013502,828104.253.52$15,174
Jul 2013492,748102.523.72$15,240
Jun 2013492,63994.403.93$15,006
May 2013603,07294.834.15$18,436
Apr 2013412,91493.964.28$16,332
Mar 2013635193.623.91$1,935
Feb 2013415291.233.42$885
Jan 20131876191.603.42$4,251
Dec 2012452,60686.773.42$12,818
Nov 2012512,79286.953.62$14,555
Oct 2012553,19489.383.40$15,774
Sep 2012352,85094.672.92$11,631
Aug 2012352,82192.662.91$11,447
Jul 2012362,91385.133.02$11,864
Jun 2012372,73779.822.52$9,848
May 2012382,84891.612.49$10,568
Apr 2012392,912101.652.00$9,779
Mar 2012482,880105.052.22$11,442
Feb 2012553,252101.102.57$13,919
Jan 2012603,61698.092.73$15,772
Dec 2011623,85696.873.24$18,498
Nov 2011504,23695.723.31$18,813
Oct 2011564,39284.983.65$20,783
Sep 2011544,14883.623.99$21,049
Aug 2011593,99783.404.15$21,505
Jul 20111874,50094.144.52$37,932
Jun 2011643,70792.904.64$23,146
May 2011643,42398.134.40$21,358
Apr 2011653,290105.964.33$21,144
Mar 2011703,63396.364.06$21,486
Feb 2011493,37185.644.18$18,287
Jan 2011613,63986.504.59$21,975
Dec 2010874,09285.734.35$25,250
Nov 20101034,40880.843.80$25,056
Oct 20101164,86078.103.51$26,113
Sep 2010954,76272.633.98$25,850
Aug 2010985,04773.684.42$29,525
Jul 20101155,10872.554.74$32,537
Jun 20101055,33070.364.91$33,560
May 20101115,13571.124.24$29,642
Apr 20101164,84081.694.12$29,430
Mar 20101154,67178.394.39$29,514
Feb 2010974,23273.585.44$30,169
Jan 20101104,39174.365.96$34,368
Dec 20091324,87571.445.48$36,163
Nov 20091415,27274.593.75$30,295
Oct 20091395,66572.544.11$33,368
Sep 20092854,30465.543.06$31,870
Aug 20093385,15467.423.22$39,376
Jul 20092834,59961.133.46$33,233
Jun 20092684,84166.163.90$36,587
May 20092934,46354.743.93$33,559
Apr 2009653,95746.773.59$17,236
Mar 2009915,38142.144.06$25,676
Feb 2009531,62032.814.63$9,244
Jan 20091015,33735.865.37$32,287
Dec 2008895,15737.105.98$34,126
Nov 20081075,14555.496.86$41,234
Oct 20081426,71875.246.92$57,186
Sep 20081195,145101.767.88$52,637
Aug 20081194,873114.228.48$54,930
Jul 20081304,808131.0811.39$71,801
Jun 20081125,194131.3313.03$82,400
May 20081344,725123.1711.57$71,193
Apr 20081134,164110.3110.45$55,999
Mar 20081494,113101.909.66$54,931
Feb 20081433,70392.538.77$45,709
Jan 20081564,38890.388.21$50,106
Dec 20071483,31788.337.30$37,293
Nov 20071213,95891.677.29$39,953
Oct 20071404,94382.856.92$45,814
Sep 2007974,71275.846.24$36,779
Aug 20071164,41369.066.39$36,201
Jul 20071214,77570.906.39$39,081
Jun 2007793,26862.007.55$29,566
May 20071044,12458.747.85$38,467
Apr 20071163,78459.617.81$36,450
Mar 20071805,20156.927.30$48,223
Feb 20071375,27555.108.22$50,888
Jan 20071705,67050.306.73$46,692
Dec 20061735,13756.656.92$45,340
Nov 20061175,06054.207.62$44,886
Oct 2006933,39154.906.01$25,499
Sep 2006994,09460.085.04$26,570
Aug 2006882,86868.717.34$27,097
Jul 20061084,22869.376.34$34,309
Jun 20061534,69066.286.38$40,081
May 20061563,91466.016.42$35,445
Apr 20061624,94564.397.36$46,829
Mar 20062476,74756.707.08$61,793
Feb 20062164,97657.597.75$51,009
Jan 20062786,39660.598.93$73,982
Dec 20052625,72054.9413.42$91,130
Nov 20052225,80454.6910.59$73,596
Oct 20052016,91258.3413.80$107,083
Sep 20051617,32261.4512.08$98,336
Aug 200522223561.519.80$15,957
Jul 20052387,70555.697.84$73,689
Jun 20052157,44152.337.38$66,173
May 20052108,91045.226.65$68,758
Apr 20053068,08049.207.36$74,528
Mar 20053469,12950.377.15$82,745
Feb 20054638,07245.226.31$71,887
Jan 200564811,43643.166.32$100,268
Dec 200433010,18439.866.75$81,907
Nov 200437510,71345.286.33$84,798
Oct 200456212,42449.706.52$108,875
Sep 200464616,13443.245.28$113,183
Aug 200444411,77042.375.55$84,144
Jul 200454612,49138.286.08$96,898
Jun 200453411,87436.106.43$95,663
May 200451412,62337.486.49$101,246
Apr 200467414,47734.475.86$108,046
Mar 200479715,65434.365.53$113,954
Feb 200454612,52032.455.51$86,698
Jan 200435216,54232.036.30$115,483
Dec 200338718,55230.266.30$128,619
Nov 200345616,90628.804.60$90,819
Oct 2003018,74628.174.76$89,224
Sep 2003025,43026.314.75$120,776
Aug 2003034,75029.765.13$178,258
Jul 200308,97129.415.17$46,388
Jun 2003012,07528.565.98$72,244
May 2003014,55126.595.97$86,908
Apr 2003017,82526.675.41$96,385
Mar 20034025,31731.146.10$155,579
Feb 2003012,18233.487.93$96,553

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                  283 Mcf  × $  3.05 =       $862

────────────────────────────────────────────────────
Month total                                     $862

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/194819 is the state's own key, not one this site invented.