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 203063District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.7 M
May 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
265
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 Gas112004-09-30158234
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
CondensateDisposition19,040 bbl$1,219,499
GasProduction775,153 Mcf$4,460,470
Total$5,679,969

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 32.2875, -94.3883. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.28752, -94.38834 · 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
10,257 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 10,257 ft.

Completions filed
May 2004
1 of 1 wells

1 well

42-36535271610,257 ftMay 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 (265)

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

265 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 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220685.005.65$34
Oct 202202587.185.86$147
Sep 202204584.888.16$367
Aug 2022013894.529.13$1,260
Jul 20220151101.587.54$1,139
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 202104369.493.38$145
May 202105163.483.02$154
Apr 202105460.362.76$149
Mar 202105361.302.72$144
Feb 2021034757.805.55$1,925
Jan 2021014050.412.81$393
Dec 2020010844.642.68$289
Nov 2020012938.772.71$349
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 20200014.751.80$0
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 201903153.472.42$75
Sep 2019011455.052.66$303
Aug 201904053.112.30$92
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 2019066758.482.74$1,828
Apr 201903062.632.75$83
Mar 201929156.803.06$392
Feb 201938750.852.79$395
Jan 201981,11346.033.23$3,961
Dec 2018101,15846.594.19$5,313
Nov 2018131,63352.934.24$7,608
Oct 2018211,30861.443.40$5,735
Sep 201871,12859.543.11$3,923
Aug 2018101,63759.403.07$5,614
Jul 2018211,17165.142.93$4,801
Jun 2018231,03160.183.08$4,556
May 20181543165.382.90$2,231
Apr 2018271,05363.842.90$4,778
Mar 2018522,17561.222.79$9,245
Feb 2018481,86261.782.77$8,116
Jan 2018441,86962.874.01$10,260
Dec 2017512,43457.272.92$10,032
Nov 2017431,71455.423.12$7,728
Oct 2017402,39049.292.98$9,103
Sep 2017342,08447.523.09$8,050
Aug 2017452,54145.373.00$9,676
Jul 2017492,53043.873.09$9,960
Jun 2017211,31742.493.09$4,958
May 2017614445.373.26$742
Apr 2017561,88547.933.21$8,738
Mar 2017354,17446.772.98$14,091
Feb 2017413,14450.452.95$11,351
Jan 2017582,93549.413.42$12,900
Dec 2016582,59448.763.72$12,485
Nov 2016552,94942.492.64$10,135
Oct 2016703,26246.193.09$13,314
Sep 2016593,14341.553.10$12,197
Aug 20161166541.442.92$2,401
Jul 2016553,38241.622.92$12,179
Jun 2016532,83345.352.69$10,013
May 2016622,27442.521.99$7,164
Apr 2016692,68536.561.99$7,869
Mar 2016641,84533.011.79$5,423
Feb 2016442,10426.472.06$5,507
Jan 2016712,70827.352.36$8,345
Dec 2015652,63132.362.00$7,369
Nov 2015591,97338.792.17$6,565
Oct 2015632,38843.552.43$8,538
Sep 2015612,60642.992.76$9,811
Aug 2015532,39740.162.87$9,014
Jul 2015692,60348.152.95$10,988
Jun 2015592,25656.152.88$9,817
May 2015812,69755.212.96$12,443
Apr 2015712,81949.822.71$11,167
Mar 2015652,50742.892.93$10,145
Feb 2015562,14144.662.98$8,873
Jan 2015702,57543.433.10$11,024
Dec 2014632,70754.693.59$13,167
Nov 2014612,84570.464.25$16,395
Oct 2014563,05078.303.90$16,283
Sep 2014613,21786.164.05$18,270
Aug 2014783,36989.394.04$20,567
Jul 2014783,63296.564.18$22,712
Jun 2014622,93198.164.74$19,970
May 2014642,97994.734.73$20,143
Apr 2014893,04595.944.81$23,182
Mar 2014903,51095.895.06$26,379
Feb 2014723,01897.406.19$25,700
Jan 2014752,44690.404.86$18,669
Dec 20131043,39291.824.35$24,320
Nov 2013672,65388.853.74$15,871
Oct 2013863,68797.423.78$22,313
Sep 2013403,974104.113.72$18,939
Aug 2013434,197104.253.52$19,267
Jul 2013413,982102.523.72$19,007
Jun 2013444,20694.403.93$20,698
May 2013484,39594.834.15$22,787
Apr 2013374,22793.964.28$21,579
Mar 2013464,41893.623.91$21,594
Feb 2013383,61291.233.42$15,819
Jan 2013494,93191.603.42$21,352
Dec 2012444,52186.773.42$19,280
Nov 2012424,06886.953.62$18,398
Oct 2012493,83689.383.40$17,421
Sep 2012984,34994.672.92$21,970
Aug 20121125,18192.662.91$25,445
Jul 20121094,95985.133.02$24,259
Jun 20121234,97479.822.52$22,348
May 20121215,30891.612.49$24,293
Apr 20121054,318101.652.00$19,295
Mar 20121204,051105.052.22$21,608
Feb 20121254,667101.102.57$24,633
Jan 2012724898.092.73$1,365
Dec 20110096.873.24$0
Nov 20117095.723.31$670
Oct 2011833,79784.983.65$20,907
Sep 2011692,93583.623.99$17,468
Aug 20111234,82883.404.15$30,291
Jul 20113444,70194.144.52$53,620
Jun 20111334,87492.904.64$34,970
May 2011531,75698.134.40$12,936
Apr 201125795105.964.33$6,094
Mar 20112269796.364.06$4,948
Feb 20112647785.644.18$4,220
Jan 2011923,11086.504.59$22,229
Dec 20101374,01585.734.35$29,201
Nov 20101293,07080.843.80$22,080
Oct 20101653,94978.103.51$26,743
Sep 20101343,95372.633.98$25,463
Aug 20101333,78073.684.42$26,505
Jul 20101784,74472.554.74$35,384
Jun 20101474,00370.364.91$29,999
May 20101885,12071.124.24$35,055
Apr 20101844,52081.694.12$33,666
Mar 20101513,59178.394.39$27,597
Feb 20101202,94373.585.44$24,846
Jan 20101433,46374.365.96$31,287
Dec 20091152,40671.445.48$21,410
Nov 20091082,71374.593.75$18,234
Oct 2009401,40272.544.11$8,664
Sep 2009153065.543.06$1,075
Aug 2009683,17967.423.22$14,816
Jul 2009421,22261.133.46$6,801
Jun 2009653,10266.163.90$16,383
May 2009893,51254.743.93$18,659
Apr 2009311,45646.773.59$6,673
Mar 20092583642.144.06$4,447
Feb 2009551,06632.814.63$6,743
Jan 20091053,67235.865.37$23,488
Dec 2008823,29537.105.98$22,737
Nov 2008752,14855.496.86$18,898
Oct 20081244,14375.246.92$38,008
Sep 2008882,305101.767.88$27,112
Aug 20081294,322114.228.48$51,398
Jul 200837664131.0811.39$12,413
Jun 2008862,221131.3313.03$40,240
May 20081684,047123.1711.57$67,534
Apr 20081313,474110.3110.45$50,771
Mar 20081312,947101.909.66$41,829
Feb 20082104,82492.538.77$61,741
Jan 20081965,36690.388.21$61,746
Dec 2007741,32588.337.30$16,212
Nov 20071073,08891.677.29$32,325
Oct 20071163,83982.856.92$36,184
Sep 2007683,50975.846.24$27,068
Aug 20071195,03969.066.39$40,407
Jul 20071517,06370.906.39$55,824
Jun 2007743,98762.007.55$34,684
May 2007498,31958.747.85$68,151
Apr 2007323,82659.617.81$31,770
Mar 2007576,75756.927.30$52,584
Feb 2007345,33855.108.22$45,730
Jan 2007273,18450.306.73$22,776
Dec 2006496,07756.656.92$44,819
Nov 2006314,53554.207.62$36,225
Oct 2006364,87054.906.01$31,264
Sep 2006416,07560.085.04$33,064
Aug 2006364,27168.717.34$33,822
Jul 2006385,47269.376.34$37,344
Jun 2006484,83366.286.38$34,035
May 2006886,61166.016.42$48,285
Apr 2006684,92764.397.36$40,644
Mar 20061338,79056.707.08$69,800
Feb 20061498,84757.597.75$77,155
Jan 20061629,06760.598.93$90,814
Dec 20051689,03754.9413.42$130,465
Nov 20051659,47454.6910.59$109,338
Oct 200521811,60258.3413.80$172,777
Sep 20052689,81761.4512.08$135,048
Aug 200532834561.519.80$23,555
Jul 20053869,50355.697.84$96,034
Jun 200540210,27052.337.38$96,840
May 200551512,95345.226.65$109,441
Apr 200539012,93649.207.36$114,403
Mar 200540714,62750.377.15$125,155
Feb 200557314,39645.226.31$116,777
Jan 200552314,90343.166.32$116,792
Dec 200431013,13539.866.75$101,032
Nov 200438217,68945.286.33$129,276
Oct 200426011,35449.706.52$86,894
Sep 200439114,35543.245.28$92,757
Aug 200442518,33042.375.55$119,751
Jul 200464222,65838.286.08$162,431
Jun 200472636,19536.106.43$259,052
May 2004030137.486.49$1,955

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.

Nov 2022 — as filed, then multipliedworked
Condensate             0 bbl  × $ 85.00 =         $0
Gas                    6 Mcf  × $  5.65 =        $34

────────────────────────────────────────────────────
Month total                                      $34

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/203063 is the state's own key, not one this site invented.