MCELROY

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

Gas lease lease 206052District 06Field 678491502 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
Sep 2004 – May 2026
Value, last 12 filed months
$37 k
at the published price for each month
Months reported
261
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 702 leases and 702 wells, and the rule below applies to all of them.

Discovered
1977-02-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
600 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 2014-03-25.

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 Gas112005-05-05159972
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
CondensateDisposition30,982 bbl$2,074,017
GasProduction354,384 Mcf$2,442,460
Total$4,516,477

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 32.1238, -95.0486. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.12385, -95.04858 · 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
11,720 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 11,720 ft.

Completions filed
Oct 2004
1 of 1 wells

1 well

42-07331100111,720 ftOct 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 (261)

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

261 months

May 202600106.413.05$0
Apr 20260398.932.87$9
Mar 20261694889.753.15$15,319
Feb 202601963.503.75$71
Jan 202602159.138.00$168
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 2025162059.383.30$9,620
Sep 202502862.743.08$86
Aug 20250863.933.01$24
Jul 202503366.743.32$109
Jun 2025170066.483.13$11,302
May 202505460.553.23$175
Apr 202507562.363.54$266
Mar 2025012267.704.27$521
Feb 20250070.884.34$0
Jan 202508274.324.28$351
Dec 20241715868.993.12$11,978
Nov 202406469.052.20$141
Oct 202405071.372.28$114
Sep 202404169.612.36$97
Aug 202406475.632.06$132
Jul 20241774379.932.15$14,240
Jun 202403578.082.63$92
May 202405578.812.20$121
Apr 2024010384.451.66$171
Mar 20243349280.301.55$26,962
Feb 2024010676.091.78$189
Jan 202408473.023.30$277
Dec 2023012071.262.61$313
Nov 2023015477.892.81$432
Oct 202309385.443.09$287
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 20221733485.005.65$14,897
Oct 2022015287.185.86$891
Sep 20220084.888.16$0
Aug 202203194.529.13$283
Jul 2022095101.587.54$717
Jun 2022073115.097.98$582
May 20220114109.378.43$961
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 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 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202035914.751.80$532
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 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 201902258.482.74$60
Apr 201901162.632.75$30
Mar 201906056.803.06$184
Feb 201907950.852.79$221
Jan 2019011646.033.23$374
Dec 2018021546.594.19$900
Nov 201802152.934.24$89
Oct 20180061.443.40$0
Sep 2018010059.543.11$311
Aug 20180059.403.07$0
Jul 201820717065.142.93$13,982
Jun 2018015060.183.08$462
May 2018019265.382.90$557
Apr 2018021063.842.90$609
Mar 2018022561.222.79$627
Feb 2018033861.782.77$935
Jan 2018036162.874.01$1,447
Dec 201718625257.272.92$11,388
Nov 2017018855.423.12$586
Oct 201717814349.292.98$9,200
Sep 201717837647.523.09$9,619
Aug 2017034245.373.00$1,028
Jul 2017038043.873.09$1,173
Jun 201717851442.493.09$9,150
May 201715734345.373.26$8,242
Apr 201718142447.933.21$10,037
Mar 2017034146.772.98$1,017
Feb 201718037550.452.95$10,188
Jan 2017034449.413.42$1,176
Dec 2016051448.763.72$1,914
Nov 201618039842.492.64$8,701
Oct 2016045646.193.09$1,409
Sep 201617956441.553.10$9,186
Aug 201618157141.442.92$9,170
Jul 2016043641.622.92$1,275
Jun 201617652545.352.69$9,392
May 201617042142.521.99$8,067
Apr 2016039936.561.99$794
Mar 201617855133.011.79$6,864
Feb 2016242026.472.06$920
Jan 201617443827.352.36$5,794
Dec 201516941132.362.00$6,291
Nov 2015044338.792.17$960
Oct 201517946943.552.43$8,934
Sep 201516938742.992.76$8,333
Aug 2015145340.162.87$1,341
Jul 201518535348.152.95$9,947
Jun 201517647956.152.88$11,263
May 2015152455.212.96$1,604
Apr 201518063549.822.71$10,686
Mar 201517244942.892.93$8,695
Feb 2015154844.662.98$1,676
Jan 201517643343.433.10$8,986
Dec 201418327554.693.59$10,996
Nov 2014122570.464.25$1,027
Oct 201417239178.303.90$14,993
Sep 2014148886.164.05$2,060
Aug 201418044489.394.04$17,882
Jul 201418055296.564.18$19,688
Jun 2014090198.164.74$4,268
May 201418069594.734.73$20,336
Apr 201417051095.944.81$18,762
Mar 201418354495.895.06$20,299
Feb 2014047597.406.19$2,941
Jan 201418240090.404.86$18,397
Dec 2013059391.824.35$2,582
Nov 201318266688.853.74$18,660
Oct 201317949897.423.78$19,320
Sep 20130606104.113.72$2,253
Aug 2013181512104.253.52$20,673
Jul 2013177683102.523.72$20,685
Jun 2013180394.403.93$3,253
May 201317583194.834.15$20,043
Apr 201317858193.964.28$19,213
Mar 20131801,10393.623.91$21,168
Feb 2013259891.233.42$2,228
Jan 201318383591.603.42$19,618
Dec 201216467086.773.42$16,522
Nov 2012097186.953.62$3,520
Oct 201218364489.383.40$18,546
Sep 201218175694.672.92$19,342
Aug 201218071192.662.91$18,747
Jul 2012266285.133.02$2,170
Jun 201217960679.822.52$15,814
May 201217354491.612.49$17,202
Apr 2012176542101.652.00$18,973
Mar 20120575105.052.22$1,278
Feb 2012186520101.102.57$20,141
Jan 2012195198.092.73$2,698
Dec 201117098596.873.24$19,659
Nov 201118459195.723.31$19,569
Oct 201118192784.983.65$18,764
Sep 201118592483.623.99$19,153
Aug 20111791,04883.404.15$19,277
Jul 20111801,20394.144.52$22,379
Jun 2011167592.904.64$3,225
May 201118659298.134.40$20,860
Apr 2011179479105.964.33$21,042
Mar 201118469596.364.06$20,550
Feb 2011555785.644.18$2,756
Jan 201118666886.504.59$19,154
Dec 201017884785.734.35$18,942
Nov 201017475980.843.80$16,947
Oct 20101791,03278.103.51$17,601
Sep 20101771,07672.633.98$17,137
Aug 201001,60973.684.42$7,111
Jul 201018893472.554.74$18,063
Jun 20101801,47970.364.91$19,927
May 20101872,04771.124.24$21,969
Apr 20101841,60181.694.12$21,631
Mar 20101841,30478.394.39$20,147
Feb 2010046073.585.44$2,503
Jan 201018892674.365.96$19,502
Dec 20091851,42971.445.48$21,053
Nov 200918163974.593.75$15,898
Oct 20091841,23672.544.11$18,428
Sep 2009091065.543.06$2,789
Aug 200918370667.423.22$14,610
Jul 200917561761.133.46$12,835
Jun 200918860966.163.90$14,810
May 200901,01054.743.93$3,965
Apr 200917566446.773.59$10,567
Mar 20091801,04442.144.06$11,823
Feb 20091771,80332.814.63$14,161
Jan 20091741,83035.865.37$16,069
Dec 20081562,90937.105.98$23,175
Nov 20081701,70555.496.86$21,130
Oct 20081831,42175.246.92$23,605
Sep 20081841,944101.767.88$34,037
Aug 20081822,093114.228.48$38,543
Jul 20081812,348131.0811.39$50,468
Jun 20083192,226131.3313.03$70,905
May 20081762,360123.1711.57$48,993
Apr 20081621,825110.3110.45$36,950
Mar 20081852,400101.909.66$42,045
Feb 20081912,09592.538.77$36,048
Jan 20081652,44690.388.21$34,984
Dec 20073602,48688.337.30$49,952
Nov 20071802,61191.677.29$35,539
Oct 20071692,75982.856.92$33,099
Sep 20071832,81575.846.24$31,456
Aug 20073532,95069.066.39$43,223
Jul 20071782,93270.906.39$31,350
Jun 20073562,90862.007.55$44,023
May 20071801,77758.747.85$24,516
Apr 20071782,04359.617.81$26,557
Mar 20071782,04656.927.30$25,072
Feb 200701,13555.108.22$9,325
Jan 20071842,18850.306.73$23,974
Dec 2006033356.656.92$2,304
Nov 20060054.207.62$0
Oct 200616459054.906.01$12,552
Sep 20061813,79160.085.04$29,971
Aug 20063203,07368.717.34$44,543
Jul 20061842,76669.376.34$30,308
Jun 20063663,19766.286.38$44,668
May 20061784,02266.016.42$37,591
Apr 20063603,95564.397.36$52,291
Mar 20063594,79956.707.08$54,346
Feb 20061695,31857.597.75$50,953
Jan 20063645,34860.598.93$69,830
Dec 20053616,07354.9413.42$101,305
Nov 20053607,29354.6910.59$96,910
Oct 20053567,50758.3413.80$124,334
Sep 20055358,72261.4512.08$138,229
Aug 20053639,04561.519.80$110,941
Jul 200552911,38955.697.84$118,791
Jun 200553711,91352.337.38$116,032
May 200554111,84245.226.65$103,227
Apr 200572914,14049.207.36$139,944
Mar 200554217,09450.377.15$149,606
Feb 20055469,96245.226.31$87,569
Jan 20051,45217,85343.166.32$175,539
Dec 200472811,81139.866.75$108,755
Nov 200470828,72145.286.33$213,874
Oct 2004288,12749.706.52$54,340
Sep 2004483,27043.245.28$19,354

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                    3 Mcf  × $  2.87 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/206052 is the state's own key, not one this site invented.