MARTIN HEIRS

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

Gas lease lease 202081District 06Field 952205002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.6 M
Apr 2004 – May 2026
Value, last 12 filed months
$53 k
at the published price for each month
Months reported
266
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 54 leases and 54 wells, and the rule below applies to all of them.

Discovered
1983-10-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 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 2015-07-14.

The Commission's schedule remark for this field reads: BUT REMAINS SUSPENDED. P-15 AND PRORATION PLAT REQUIRED.

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 Gas112004-08-13157776
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
CondensateDisposition5,186 bbl$312,669
GasProduction786,794 Mcf$4,329,486
Total$4,642,155

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 32.4859, -94.3499. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48591, -94.34990 · 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
10,195 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 10,195 ft.

Completions filed
Apr 2004
1 of 1 wells

1 well

42-20332856110,195 ftApr 2004

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 (266)

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

266 months

May 20260729106.413.05$2,220
Apr 2026049798.932.87$1,426
Mar 202611,04989.753.15$3,394
Feb 2026065663.503.75$2,460
Jan 2026198759.138.00$7,953
Dec 202521,27356.664.41$5,732
Nov 202501,37158.593.93$5,383
Oct 202521,29459.383.30$4,395
Sep 202501,19762.743.08$3,683
Aug 202521,17563.933.01$3,670
Jul 202501,91866.743.32$6,359
Jun 202521,90166.483.13$6,081
May 202501,11560.553.23$3,604
Apr 202521,48362.363.54$5,379
Mar 202501,52967.704.27$6,526
Feb 202511,38370.884.34$6,074
Jan 2025091874.324.28$3,928
Dec 202421,50168.993.12$4,823
Nov 202411,33969.052.20$3,013
Oct 202401,59771.372.28$3,643
Sep 2024167269.612.36$1,658
Aug 2024295175.632.06$2,114
Jul 202401,32679.932.15$2,846
Jun 202422,22078.082.63$6,004
May 20240078.812.20$0
Apr 202411,12584.451.66$1,951
Mar 202401,48480.301.55$2,293
Feb 202431,82576.091.78$3,483
Jan 202412,43673.023.30$8,106
Dec 202301,76771.262.61$4,613
Nov 202331,81677.892.81$5,332
Oct 202331,58785.443.09$5,156
Sep 202301,58489.042.74$4,332
Aug 202331,07880.522.67$3,123
Jul 202341,61974.852.64$4,576
Jun 202302,06268.962.26$4,657
May 202342,18470.622.23$5,147
Apr 202352,22878.122.24$5,376
Mar 202352,33772.852.39$5,957
Feb 202302,45175.112.47$6,043
Jan 2023141,78176.533.39$7,105
Dec 2022412,05676.415.73$14,912
Nov 20221631,52485.005.65$22,460
Oct 202242,10987.185.86$12,715
Sep 2022862,36784.888.16$26,623
Aug 202232,14394.529.13$19,843
Jul 2022282,455101.587.54$21,360
Jun 202282,408115.097.98$20,130
May 202262,681109.378.43$23,265
Apr 20221742,301104.226.84$33,868
Mar 202252,441108.885.08$12,936
Feb 202202,11491.054.86$10,272
Jan 2022892,50181.844.54$18,633
Dec 202172,16571.323.90$8,941
Nov 202192,24077.435.24$12,427
Oct 2021101,98079.795.71$12,111
Sep 2021112,22269.865.35$12,658
Aug 2021112,40566.024.22$10,877
Jul 2021512,64570.783.98$14,142
Jun 2021182,42269.493.38$9,439
May 2021212,49563.483.02$8,862
Apr 2021382,30760.362.76$8,657
Mar 2021492,19461.302.72$8,965
Feb 2021421,02257.805.55$8,098
Jan 202131,77050.412.81$5,125
Dec 2020967344.642.68$2,202
Nov 202051,50738.772.71$4,273
Oct 202021,55936.972.48$3,938
Sep 2020876637.091.99$1,822
Aug 2020291,23839.982.39$4,112
Jul 202031,39038.371.83$2,652
Jun 202061,26934.901.69$2,354
May 202001,19516.921.81$2,169
Apr 202041,16714.751.80$2,165
Mar 202061,63530.341.86$3,217
Feb 2020678849.881.98$1,860
Jan 202071,01057.252.09$2,516
Dec 2019101,17159.012.30$3,289
Nov 201931,01455.302.75$2,955
Oct 20191398553.472.42$3,077
Sep 2019383255.052.66$2,376
Aug 20193390853.112.30$3,845
Jul 20191295656.272.46$3,027
Jun 201971,16952.782.49$3,282
May 2019241,30258.482.74$4,971
Apr 2019231,62762.632.75$5,916
Mar 2019121,57156.803.06$5,492
Feb 2019241,45950.852.79$5,294
Jan 2019221,58946.033.23$6,142
Dec 2018111,60046.594.19$7,209
Nov 2018191,32052.934.24$6,599
Oct 201802,48661.443.40$8,448
Sep 201802,09459.543.11$6,508
Aug 201802,41559.403.07$7,406
Jul 201802,51465.142.93$7,371
Jun 201802,67160.183.08$8,218
May 201802,69965.382.90$7,829
Apr 201802,28363.842.90$6,623
Mar 201802,22861.222.79$6,209
Feb 201802,07961.782.77$5,751
Jan 2018142,39762.874.01$10,491
Dec 201702,29057.272.92$6,690
Nov 201712,17655.423.12$6,841
Oct 201742,56849.292.98$7,859
Sep 201762,24747.523.09$7,222
Aug 201742,49845.373.00$7,686
Jul 201732,70043.873.09$8,467
Jun 2017142,73342.493.09$9,032
May 201792,90245.373.26$9,879
Apr 2017133,92447.933.21$13,225
Mar 2017268546.772.98$2,137
Feb 2017276650.452.95$2,363
Jan 2017143149.413.42$1,523
Dec 2016280448.763.72$3,091
Nov 2016240642.492.64$1,159
Oct 2016147746.193.09$1,520
Sep 2016273641.553.10$2,365
Aug 201621,05641.442.92$3,171
Jul 201631,18041.622.92$3,576
Jun 2016269145.352.69$1,947
May 2016378342.521.99$1,687
Apr 2016390536.561.99$1,912
Mar 2016239133.011.79$767
Feb 201621,01426.472.06$2,145
Jan 20165250927.352.36$2,626
Dec 201501,83632.362.00$3,675
Nov 201511,65938.792.17$3,634
Oct 201502,87643.552.43$6,979
Sep 20150042.992.76$0
Aug 201501,66040.162.87$4,768
Jul 201502,19348.152.95$6,459
Jun 2015162,37156.152.88$7,734
May 201502,41455.212.96$7,134
Apr 201502,53249.822.71$6,853
Mar 2015332,49942.892.93$8,749
Feb 201502,35144.662.98$6,997
Jan 201502,51543.433.10$7,798
Dec 2014462,25654.693.59$10,618
Nov 201402,20670.464.25$9,380
Oct 201402,24078.303.90$8,738
Sep 2014432,16886.164.05$12,475
Aug 201412,34289.394.04$9,540
Jul 201402,21396.564.18$9,249
Jun 201402,04698.164.74$9,692
May 2014392,16994.734.73$13,946
Apr 201402,15495.944.81$10,359
Mar 2014382,23995.895.06$14,966
Feb 201411,92097.406.19$11,986
Jan 2014422,25890.404.86$14,772
Dec 201302,25891.824.35$9,832
Nov 201302,03888.853.74$7,619
Oct 2013452,68897.423.78$14,543
Sep 201312,483104.113.72$9,335
Aug 201302,684104.253.52$9,455
Jul 2013422,718102.523.72$14,411
Jun 201302,55094.403.93$10,030
May 2013472,70894.834.15$15,693
Apr 201302,52293.964.28$10,801
Mar 201302,96493.623.91$11,598
Feb 2013462,42191.233.42$12,476
Jan 201302,62891.603.42$8,988
Dec 2012422,84686.773.42$13,378
Nov 201202,80286.953.62$10,157
Oct 201202,74289.383.40$9,322
Sep 2012361,91794.672.92$9,003
Aug 201201,84192.662.91$5,354
Jul 201201,98585.133.02$5,996
Jun 2012391,99879.822.52$8,146
May 201202,08591.612.49$5,188
Apr 201201,979101.652.00$3,952
Mar 2012412,009105.052.22$8,771
Feb 201202,190101.102.57$5,629
Jan 201202,06098.092.73$5,632
Dec 201142,24696.873.24$7,664
Nov 201101,96595.723.31$6,507
Oct 201102,13884.983.65$7,801
Sep 201102,14283.623.99$8,538
Aug 201102,37083.404.15$9,834
Jul 201102,28594.144.52$10,322
Jun 201102,44392.904.64$11,335
May 201102,63598.134.40$11,607
Apr 201102,627105.964.33$11,384
Mar 201102,52196.364.06$10,229
Feb 201102,05585.644.18$8,590
Jan 201102,55986.504.59$11,743
Dec 201002,45485.734.35$10,669
Nov 201002,23180.843.80$8,467
Oct 201002,52378.103.51$8,853
Sep 201002,14372.633.98$8,528
Aug 201002,22773.684.42$9,842
Jul 201002,33872.554.74$11,074
Jun 201002,14470.364.91$10,528
May 201002,26271.124.24$9,580
Apr 201002,32681.694.12$9,589
Mar 201002,55478.394.39$11,209
Feb 201002,27273.585.44$12,365
Jan 201001,40374.365.96$8,368
Dec 200901,74671.445.48$9,575
Nov 200902,56674.593.75$9,626
Oct 200902,36472.544.11$9,717
Sep 200902,41365.543.06$7,395
Aug 200902,85167.423.22$9,176
Jul 200903,08961.133.46$10,702
Jun 200902,81166.163.90$10,949
May 200902,94054.743.93$11,542
Apr 200902,29846.773.59$8,244
Mar 200902,97742.144.06$12,084
Feb 200902,79532.814.63$12,949
Jan 200903,42335.865.37$18,385
Dec 200803,29437.105.98$19,689
Nov 200803,42755.496.86$23,510
Oct 200804,53075.246.92$31,357
Sep 200803,887101.767.88$30,618
Aug 200804,612114.228.48$39,124
Jul 200803,542131.0811.39$40,341
Jun 200803,475131.3313.03$45,288
May 200803,353123.1711.57$38,809
Apr 200803,341110.3110.45$34,930
Mar 200803,759101.909.66$36,327
Feb 200803,31092.538.77$29,031
Jan 200804,14690.388.21$34,021
Dec 200703,43588.337.30$25,082
Nov 200703,98091.677.29$29,021
Oct 200703,52282.856.92$24,379
Sep 200704,02375.846.24$25,120
Aug 200704,34469.066.39$27,749
Jul 2007133,68170.906.39$24,436
Jun 2007574,11862.007.55$34,619
May 200703,82158.747.85$29,981
Apr 200794,27559.617.81$33,904
Mar 2007984,38056.927.30$37,561
Feb 2007954,23155.108.22$39,996
Jan 200733,82750.306.73$25,895
Dec 200634,29256.656.92$29,864
Nov 20061114,28454.207.62$38,649
Oct 200635,65954.906.01$34,197
Sep 20061286,21060.085.04$38,971
Aug 20061206,61468.717.34$56,791
Jul 200616,06469.376.34$38,532
Jun 20061126,00466.286.38$45,752
May 2006866,64566.016.42$48,371
Apr 2006956,51064.397.36$54,034
Mar 200647,24956.707.08$51,571
Feb 2006856,68357.597.75$56,696
Jan 2006827,02160.598.93$67,689
Dec 2005836,99554.9413.42$98,401
Nov 2005536,92954.6910.59$76,266
Oct 2005456,03858.3413.80$85,924
Sep 2005587,03761.4512.08$88,564
Aug 2005587,75561.519.80$79,542
Jul 2005597,30855.697.84$60,607
Jun 2005637,42852.337.38$58,123
May 2005807,73545.226.65$55,064
Apr 2005738,77449.207.36$68,172
Mar 2005859,72250.377.15$73,841
Feb 2005839,41845.226.31$63,199
Jan 200516410,64343.166.32$74,365
Dec 200417112,03439.866.75$88,059
Nov 20048712,44345.286.33$82,709
Oct 200415113,48849.706.52$95,380
Sep 200414213,55843.245.28$77,779
Aug 20045416,67542.375.55$94,845
Jul 2004945,46338.286.08$36,836
Jun 200416213,76736.106.43$94,412
May 200423814,10137.486.49$100,500
Apr 20048125,71634.475.86$153,448

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                  729 Mcf  × $  3.05 =     $2,220

────────────────────────────────────────────────────
Month total                                   $2,220

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/202081 is the state's own key, not one this site invented.