CULLEN, J.B. UNIT

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 198718District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.5 M
Nov 2003 – May 2026
Value, last 12 filed months
$89 k
at the published price for each month
Months reported
271
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 Gas112004-03-01154541
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
CondensateDisposition11,884 bbl$683,603
GasProduction1,582,793 Mcf$8,822,940
Total$9,506,543

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 32.4148, -94.5500. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41476, -94.55000 · 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
10,522 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 10,522 ft.

Completions filed
Nov 2003
1 of 1 wells

1 well

42-20332828310,522 ftNov 2003

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 (271)

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

271 months

May 2026261,010106.413.05$5,843
Apr 202601,47198.932.87$4,221
Mar 2026112,10989.753.15$7,629
Feb 202602,04163.503.75$7,654
Jan 2026201,90959.138.00$16,451
Dec 202502,03456.664.41$8,977
Nov 202502,19158.593.93$8,603
Oct 2025141,66559.383.30$6,334
Sep 202501,69262.743.08$5,206
Aug 202501,83863.933.01$5,541
Jul 2025152,05566.743.32$7,814
Jun 202501,59966.483.13$5,003
May 2025171,88460.553.23$7,119
Apr 202502,27762.363.54$8,068
Mar 2025182,81667.704.27$13,238
Feb 202502,32870.884.34$10,105
Jan 202502,63674.324.28$11,279
Dec 202482,96868.993.12$9,816
Nov 202402,83169.052.20$6,224
Oct 202403,26171.372.28$7,440
Sep 202453,42069.612.36$8,434
Aug 202421,07575.632.06$2,370
Jul 2024016479.932.15$352
Jun 202421,48078.082.63$4,054
May 20240078.812.20$0
Apr 202461,20884.451.66$2,511
Mar 202411,90180.301.55$3,018
Feb 202401,96776.091.78$3,508
Jan 202471,83073.023.30$6,546
Dec 202301,47371.262.61$3,846
Nov 202301,62277.892.81$4,554
Oct 202392,07985.443.09$7,187
Sep 202302,02989.042.74$5,549
Aug 202302,17680.522.67$5,816
Jul 202302,35774.852.64$6,227
Jun 2023102,22968.962.26$5,724
May 202301,60370.622.23$3,571
Apr 202302,17878.122.24$4,874
Mar 202392,53472.852.39$6,720
Feb 202392,17175.112.47$6,029
Jan 202302,09576.533.39$7,097
Dec 202202,38676.415.73$13,670
Nov 2022102,26785.005.65$13,650
Oct 202202,06287.185.86$12,091
Sep 2022172,23484.888.16$19,681
Aug 202202,21794.529.13$20,235
Jul 202202,337101.587.54$17,626
Jun 202202,247115.097.98$17,925
May 202202,427109.378.43$20,467
Apr 202202,363104.226.84$16,157
Mar 202202,413108.885.08$12,249
Feb 202202,43691.054.86$11,836
Jan 202263,52681.844.54$16,491
Dec 202102,55471.323.90$9,958
Nov 2021132,15477.435.24$12,287
Oct 202102,09479.795.71$11,965
Sep 202102,45969.865.35$13,158
Aug 2021131,99466.024.22$9,274
Jul 202102,08770.783.98$8,311
Jun 2021122,50769.493.38$9,309
May 202101,88063.483.02$5,673
Apr 2021132,18960.362.76$6,823
Mar 202102,54161.302.72$6,904
Feb 2021151,53357.805.55$9,372
Jan 202102,04750.412.81$5,753
Dec 2020102,01944.642.68$5,848
Nov 202002,12238.772.71$5,743
Oct 202042,55436.972.48$6,478
Sep 202002,33637.091.99$4,651
Aug 202082,70539.982.39$6,772
Jul 202002,78238.371.83$5,077
Jun 202053,23334.901.69$5,639
May 202002,95716.921.81$5,366
Apr 202073,00814.751.80$5,531
Mar 202083,43030.341.86$6,610
Feb 202003,31949.881.98$6,574
Jan 202051,64957.252.09$3,740
Dec 201902,87959.012.30$6,634
Nov 201902,47955.302.75$6,819
Oct 2019212,62653.472.42$7,474
Sep 201901,92655.052.66$5,118
Aug 2019242,28953.112.30$6,549
Jul 201902,09556.272.46$5,154
Jun 2019232,08552.782.49$6,408
May 201902,11358.482.74$5,790
Apr 2019251,95662.632.75$6,946
Mar 201902,19056.803.06$6,706
Feb 2019272,08250.852.79$7,186
Jan 2019291,97146.033.23$7,698
Dec 201801,81746.594.19$7,605
Nov 201881,86252.934.24$8,313
Oct 201802,48361.443.40$8,437
Sep 201832,49659.543.11$7,936
Aug 201802,34059.403.07$7,176
Jul 201842,44565.142.93$7,429
Jun 201802,48960.183.08$7,658
May 201802,45365.382.90$7,116
Apr 201801,67463.842.90$4,856
Mar 201811,85161.222.79$5,220
Feb 201801,70561.782.77$4,716
Jan 201831,81962.874.01$7,482
Dec 201702,21657.272.92$6,474
Nov 201743,17455.423.12$10,119
Oct 201703,16049.292.98$9,428
Sep 201743,27047.523.09$10,285
Aug 201703,35245.373.00$10,071
Jul 201742,93743.873.09$9,243
Jun 201702,95542.493.09$9,123
May 201753,38245.373.26$11,264
Apr 201773,04747.933.21$10,121
Mar 201703,26046.772.98$9,727
Feb 2017213,02150.452.95$9,979
Jan 2017233,64149.413.42$13,584
Dec 201603,71448.763.72$13,827
Nov 2016503,65142.492.64$11,779
Oct 2016453,11646.193.09$11,708
Sep 201603,10841.553.10$9,637
Aug 2016493,04241.442.92$10,926
Jul 201603,15541.622.92$9,226
Jun 2016513,22845.352.69$10,983
May 201613,35242.521.99$6,716
Apr 2016493,11836.561.99$8,000
Mar 2016463,12433.011.79$7,123
Feb 2016443,15926.472.06$7,684
Jan 201612,38127.352.36$5,657
Dec 2015423,21032.362.00$7,784
Nov 2015363,06838.792.17$8,046
Oct 2015303,15743.552.43$8,967
Sep 201503,51142.992.76$9,685
Aug 2015303,44340.162.87$11,095
Jul 2015293,48148.152.95$11,648
Jun 201513,22656.152.88$9,356
May 2015283,50355.212.96$11,899
Apr 2015322,87549.822.71$9,376
Mar 2015313,78742.892.93$12,443
Feb 2015332,52844.662.98$8,998
Jan 201513,43843.433.10$10,703
Dec 2014543,52254.693.59$15,602
Nov 2014323,50070.464.25$17,136
Oct 2014363,41778.303.90$16,148
Sep 201413,70886.164.05$15,087
Aug 2014373,78389.394.04$18,572
Jul 2014293,32496.564.18$16,693
Jun 2014342,66198.164.74$15,942
May 2014403,62394.734.73$20,914
Apr 2014383,90195.944.81$22,406
Mar 2014384,12695.895.06$24,508
Feb 2014443,57597.406.19$26,422
Jan 2014434,23390.404.86$24,463
Dec 2013374,12991.824.35$21,377
Nov 2013354,33188.853.74$19,300
Oct 2013374,54397.423.78$20,774
Sep 201304,247104.113.72$15,789
Aug 2013334,822104.253.52$20,426
Jul 2013364,471102.523.72$20,313
Jun 2013344,32094.403.93$20,202
May 2013324,25894.834.15$20,701
Apr 2013604,15693.964.28$23,436
Mar 2013324,48793.623.91$20,553
Feb 2013314,33691.233.42$17,657
Jan 2013294,13691.603.42$16,801
Dec 2012303,25986.773.42$13,749
Nov 2012304,49786.953.62$18,910
Oct 2012314,80189.383.40$19,093
Sep 2012254,09494.672.92$14,315
Aug 2012294,56592.662.91$15,963
Jul 2012305,15785.133.02$18,132
Jun 2012645,28079.822.52$18,409
May 2012335,77991.612.49$17,403
Apr 2012325,149101.652.00$13,534
Mar 2012295,394105.052.22$15,032
Feb 2012232,876101.102.57$9,717
Jan 2012544,29398.092.73$17,034
Dec 2011315,05796.873.24$19,386
Nov 2011255,27195.723.31$19,847
Oct 2011255,32684.983.65$21,557
Sep 2011235,14083.623.99$22,410
Aug 2011225,35183.404.15$24,038
Jul 2011225,33494.144.52$26,166
Jun 2011485,62192.904.64$30,540
May 2011245,39098.134.40$26,097
Apr 2011255,697105.964.33$27,336
Mar 2011496,42396.364.06$30,782
Feb 2011245,67585.644.18$25,777
Jan 2011245,68686.504.59$28,168
Dec 2010496,38885.734.35$31,974
Nov 2010245,73580.843.80$23,706
Oct 2010435,02978.103.51$21,005
Sep 2010205,39272.633.98$22,910
Aug 2010455,79873.684.42$28,939
Jul 2010196,16072.554.74$30,555
Jun 2010465,74870.364.91$31,462
May 2010235,95271.124.24$26,844
Apr 2010475,75781.694.12$27,574
Mar 2010506,28078.394.39$31,480
Feb 2010255,70773.585.44$32,899
Jan 2010496,17374.365.96$40,460
Dec 2009486,26171.445.48$37,763
Nov 2009386,23974.593.75$26,240
Oct 2009246,39972.544.11$28,042
Sep 2009126,04265.543.06$19,304
Aug 2009245,70267.423.22$19,970
Jul 2009236,41361.133.46$23,624
Jun 2009136,25466.163.90$25,219
May 2009287,47254.743.93$30,866
Apr 2009496,88446.773.59$26,988
Mar 2009767,51042.144.06$33,686
Feb 2009456,04732.814.63$29,492
Jan 2009716,89035.865.37$39,552
Dec 2008987,06137.105.98$45,840
Nov 2008438,18055.496.86$58,504
Oct 2008404,67575.246.92$35,370
Sep 2008406,905101.767.88$58,462
Aug 2008837,547114.228.48$73,502
Jul 2008386,493131.0811.39$78,933
Jun 20081116,593131.3313.03$100,502
May 2008767,727123.1711.57$98,795
Apr 20081228,837110.3110.45$105,847
Mar 20081558,715101.909.66$100,017
Feb 20081519,00092.538.77$92,907
Jan 20081767,66490.388.21$78,796
Dec 20071417,37688.337.30$66,314
Nov 200767,93991.677.29$58,439
Oct 2007128,38482.856.92$59,028
Sep 2007169,63475.846.24$61,370
Aug 20071010,23769.066.39$66,084
Jul 20071510,25570.906.39$66,572
Jun 200769,20462.007.55$69,848
May 2007328,89658.747.85$71,680
Apr 2007578,83859.617.81$72,380
Mar 20071058,79056.927.30$70,161
Feb 2007517,76555.108.22$66,607
Jan 2007998,91750.306.73$64,963
Dec 2006939,27556.656.92$69,437
Nov 200611112,17954.207.62$98,789
Oct 2006151,99754.906.01$12,833
Sep 20066210,04760.085.04$54,334
Aug 200610613,07568.717.34$103,253
Jul 2006568,77169.376.34$59,517
Jun 20065810,58566.286.38$71,418
May 20065911,42566.016.42$77,300
Apr 200619810,79964.397.36$92,235
Mar 20066512,11356.707.08$89,481
Feb 20066610,74257.597.75$87,063
Jan 20065611,78660.598.93$108,681
Dec 20056212,16854.9413.42$166,645
Nov 200510711,83854.6910.59$131,197
Oct 20058112,05758.3413.80$171,061
Sep 20059513,18561.4512.08$165,099
Aug 20054612,65461.519.80$126,799
Jul 20058414,48655.697.84$118,301
Jun 20054714,02352.337.38$105,964
May 20058914,84745.226.65$102,774
Apr 20059014,70749.207.36$112,679
Mar 200514115,55750.377.15$118,411
Feb 20059714,51845.226.31$96,023
Jan 200515316,70843.166.32$112,235
Dec 200411017,49639.866.75$122,502
Nov 200420517,93445.286.33$122,812
Oct 200422524,43749.706.52$170,392
Sep 200416925,43243.245.28$141,688
Aug 200416928,04442.375.55$162,823
Jul 200431826,79438.286.08$175,193
Jun 200431028,32436.106.43$193,400
May 200421332,29537.486.49$217,726
Apr 200420126,53734.475.86$162,394
Mar 200445526,22934.365.53$160,684
Feb 200455928,21732.455.51$173,605
Jan 200469141,20932.036.30$281,735
Dec 200361644,70630.266.30$300,361
Nov 200325830,82028.804.60$149,053

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            26 bbl  × $106.41 =     $2,767
Gas                1,010 Mcf  × $  3.05 =     $3,076

────────────────────────────────────────────────────
Month total                                   $5,843

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/198718 is the state's own key, not one this site invented.