COWAN GAS UNIT

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the CHAPEL 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 207115District 06Field 170080502 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Nov 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
259
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 55 leases and 55 wells, and the rule below applies to all of them.

Discovered
1981-01-07
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 20 acres. The field rule took effect on 2014-10-28.

The Commission's schedule remark for this field reads: PER LOG OF SLAYTON UNIT WELL #1 (API 423-31974).

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 Gas112005-08-19164788
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
CondensateDisposition1,471 bbl$106,010
GasProduction335,225 Mcf$2,078,177
Total$2,184,187

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 32.3132, -95.1190. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.31315, -95.11904 · 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
11,450 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 11,450 ft.

Completions filed
Nov 2004
1 of 1 wells

1 well

42-42331829211,450 ftNov 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 (259)

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

259 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 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
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 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 2020706314.751.80$1,146
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 201911,22053.112.30$2,864
Jul 201901,18256.272.46$2,908
Jun 201921,58452.782.49$4,052
May 201911,12258.482.74$3,133
Apr 201901,17462.632.75$3,229
Mar 2019088956.803.06$2,722
Feb 2019050950.852.79$1,421
Jan 2019190146.033.23$2,955
Dec 2018097046.594.19$4,060
Nov 201801,13752.934.24$4,818
Oct 201801,16961.443.40$3,972
Sep 2018060359.543.11$1,874
Aug 2018065159.403.07$1,996
Jul 201817956365.142.93$13,311
Jun 2018054960.183.08$1,689
May 2018059765.382.90$1,732
Apr 2018056063.842.90$1,624
Mar 2018060261.222.79$1,678
Feb 2018050261.782.77$1,389
Jan 2018046962.874.01$1,880
Dec 2017066757.272.92$1,949
Nov 2017063155.423.12$1,968
Oct 2017053749.292.98$1,602
Sep 2017051147.523.09$1,578
Aug 2017058745.373.00$1,764
Jul 2017057643.873.09$1,778
Jun 2017073142.493.09$2,257
May 2017072245.373.26$2,356
Apr 2017071447.933.21$2,293
Mar 2017151146.772.98$1,571
Feb 2017044750.452.95$1,320
Jan 2017012949.413.42$441
Dec 2016814448.763.72$926
Nov 2016013842.492.64$365
Oct 2016032046.193.09$989
Sep 2016071641.553.10$2,220
Aug 2016078141.442.92$2,284
Jul 2016075841.622.92$2,217
Jun 2016182345.352.69$2,256
May 2016085642.521.99$1,704
Apr 2016292436.561.99$1,913
Mar 201611,03833.011.79$1,895
Feb 2016060326.472.06$1,244
Jan 2016173827.352.36$1,772
Dec 2015093132.362.00$1,863
Nov 2015094438.792.17$2,046
Oct 2015280843.552.43$2,048
Sep 2015041342.992.76$1,139
Aug 2015044340.162.87$1,273
Jul 2015075448.152.95$2,221
Jun 2015065256.152.88$1,880
May 2015068955.212.96$2,036
Apr 2015091049.822.71$2,463
Mar 2015063442.892.93$1,861
Feb 2015091444.662.98$2,720
Jan 201501,24543.433.10$3,860
Dec 201401,44854.693.59$5,200
Nov 201401,16270.464.25$4,941
Oct 201403078.303.90$117
Sep 201401,05486.164.05$4,264
Aug 2014095089.394.04$3,833
Jul 2014090396.564.18$3,774
Jun 2014075398.164.74$3,567
May 2014069094.734.73$3,261
Apr 2014058395.944.81$2,804
Mar 2014060195.895.06$3,039
Feb 2014068897.406.19$4,260
Jan 2014058990.404.86$2,863
Dec 2013050191.824.35$2,182
Nov 2013054588.853.74$2,037
Oct 201312060797.423.78$13,984
Sep 20130614104.113.72$2,283
Aug 20130662104.253.52$2,332
Jul 20130498102.523.72$1,851
Jun 2013064794.403.93$2,545
May 2013085894.834.15$3,560
Apr 2013092293.964.28$3,949
Mar 2013093093.623.91$3,639
Feb 2013087391.233.42$2,986
Jan 2013071191.603.42$2,432
Dec 2012060086.773.42$2,052
Nov 2012066886.953.62$2,421
Oct 2012075289.383.40$2,557
Sep 2012081094.672.92$2,364
Aug 2012095492.662.91$2,774
Jul 201201,12385.133.02$3,392
Jun 2012085779.822.52$2,159
May 201201,84391.612.49$4,586
Apr 201201,120101.652.00$2,236
Mar 201201,147105.052.22$2,549
Feb 20120917101.102.57$2,357
Jan 201201,65498.092.73$4,522
Dec 201101,81196.873.24$5,867
Nov 20111641,55295.723.31$20,837
Oct 201101,79384.983.65$6,542
Sep 201101,61383.623.99$6,429
Aug 201101,78283.404.15$7,394
Jul 201101,99094.144.52$8,989
Jun 201101,92592.904.64$8,932
May 201101,94198.134.40$8,550
Apr 201102,030105.964.33$8,797
Mar 201102,11796.364.06$8,589
Feb 201101,64585.644.18$6,876
Jan 201101,76786.504.59$8,108
Dec 201001,79485.734.35$7,800
Nov 201001,61380.843.80$6,122
Oct 201002,04278.103.51$7,165
Sep 201002,23572.633.98$8,894
Aug 201001,68973.684.42$7,464
Jul 201001,70572.554.74$8,076
Jun 2010067670.364.91$3,319
May 201002,19771.124.24$9,305
Apr 201002,13281.694.12$8,790
Mar 201002,10778.394.39$9,247
Feb 201001,92673.585.44$10,482
Jan 201001,98174.365.96$11,815
Dec 200902,23771.445.48$12,267
Nov 200901,63174.593.75$6,119
Oct 200901,85672.544.11$7,629
Sep 200901,56765.543.06$4,802
Aug 200901,57567.423.22$5,069
Jul 200901,52561.133.46$5,283
Jun 200901,83666.163.90$7,151
May 200901,68954.743.93$6,631
Apr 200901,13946.773.59$4,086
Mar 200901,52842.144.06$6,202
Feb 200901,39132.814.63$6,445
Jan 200901,45235.865.37$7,799
Dec 200801,79037.105.98$10,699
Nov 200801,69255.496.86$11,608
Oct 200801,82975.246.92$12,660
Sep 200801,767101.767.88$13,919
Aug 200801,379114.228.48$11,698
Jul 20081722,326131.0811.39$49,038
Jun 200802,226131.3313.03$29,011
May 200802,391123.1711.57$27,674
Apr 200812,325110.3110.45$24,418
Mar 200802,325101.909.66$22,469
Feb 200802,41892.538.77$21,207
Jan 200842,64790.388.21$22,082
Dec 200712,38088.337.30$17,467
Nov 200702,59391.677.29$18,907
Oct 200702,72382.856.92$18,849
Sep 200702,73575.846.24$17,078
Aug 200702,64169.066.39$16,871
Jul 200732,64170.906.39$17,083
Jun 200732,90662.007.55$22,122
May 20071623,15758.747.85$34,287
Apr 200703,25359.617.81$25,390
Mar 200733,35856.927.30$24,691
Feb 200702,71555.108.22$22,306
Jan 200713,50750.306.73$23,641
Dec 200603,35156.656.92$23,184
Nov 200623,35754.207.62$25,680
Oct 200633,63554.906.01$22,025
Sep 200653,57760.085.04$18,318
Aug 200603,83968.717.34$28,178
Jul 200603,89469.376.34$24,699
Jun 200654,10666.286.38$26,544
May 200604,38866.016.42$28,193
Apr 20061874,41964.397.36$44,567
Mar 200644,74656.707.08$33,842
Feb 200603,97157.597.75$30,780
Jan 200604,55860.598.93$40,718
Dec 200504,71354.9413.42$63,227
Nov 200505,43754.6910.59$57,569
Oct 20051685,44058.3413.80$84,850
Sep 200505,67161.4512.08$68,500
Aug 200506,73361.519.80$65,962
Jul 200504,81555.697.84$37,767
Jun 200504,60752.337.38$34,004
May 20051893,73745.226.65$33,402
Apr 200505,99549.207.36$44,126
Mar 200544,74650.377.15$34,159
Feb 200506,57845.226.31$41,520
Jan 200508,84743.166.32$55,933
Dec 2004011,72039.866.75$79,123
Nov 2004013,91345.286.33$88,075

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 2020 — as filed, then multipliedworked
Condensate            70 bbl  × $ 14.75 =     $1,033
Gas                   63 Mcf  × $  1.80 =       $114

────────────────────────────────────────────────────
Month total                                   $1,146

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/207115 is the state's own key, not one this site invented.