STERRETT

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 208892District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.2 M
Feb 2005 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
256
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 Gas112005-07-21161373
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
CondensateDisposition22,203 bbl$1,499,225
GasProduction974,496 Mcf$5,672,003
Total$7,171,229

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 32.2773, -94.4034. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.27726, -94.40341 · 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
10,250 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 10,250 ft.

Completions filed
Feb 2005
1 of 1 wells

1 well

42-365355071110,250 ftFeb 2005

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 (256)

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

256 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 20241075.632.06$76
Jul 202439579.932.15$444
Jun 202427378.082.63$348
May 2024411178.812.20$559
Apr 202428384.451.66$307
Mar 202467780.301.55$601
Feb 20241335076.091.78$1,613
Jan 20242160473.023.30$3,525
Dec 20232888771.262.61$4,311
Nov 2023361,38277.892.81$6,684
Oct 2023371,00685.443.09$6,267
Sep 2023281,04889.042.74$5,359
Aug 2023291,03780.522.67$5,107
Jul 2023391,68874.852.64$7,379
Jun 20231348268.962.26$1,985
May 20232155170.622.23$2,710
Apr 2023381,24078.122.24$5,743
Mar 2023361,12672.852.39$5,317
Feb 2023331,24875.112.47$5,556
Jan 2023331,08576.533.39$6,201
Dec 2022271,08576.415.73$8,279
Nov 2022381,26185.005.65$10,350
Oct 2022301,41187.185.86$10,889
Sep 2022281,34684.888.16$13,365
Aug 2022311,10894.529.13$13,043
Jul 2022241,056101.587.54$10,402
Jun 2022271,239115.097.98$12,991
May 2022301,434109.378.43$15,374
Apr 202251,150104.226.84$8,384
Mar 2022181,333108.885.08$8,727
Feb 2022131,58191.054.86$8,865
Jan 2022201,29081.844.54$7,490
Dec 2021131,60971.323.90$7,201
Nov 2021181,54077.435.24$9,458
Oct 2021131,29579.795.71$8,437
Sep 20211394569.865.35$5,965
Aug 2021231,70066.024.22$8,693
Jul 2021141,02370.783.98$5,065
Jun 2021301,51269.493.38$7,196
May 2021211,59863.483.02$6,155
Apr 2021121,06760.362.76$3,668
Mar 2021241,76061.302.72$6,253
Feb 2021875957.805.55$4,673
Jan 2021101,20050.412.81$3,876
Dec 2020401,22644.642.68$5,066
Nov 2020342,37338.772.71$7,741
Oct 2020472,76436.972.48$8,588
Sep 2020393,03737.091.99$7,493
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20207014.751.80$103
Mar 2020372,19430.341.86$5,195
Feb 2020311,40349.881.98$4,325
Jan 2020282,01357.252.09$5,820
Dec 2019311,51959.012.30$5,330
Nov 2019432,68955.302.75$9,775
Oct 2019371,80953.472.42$6,354
Sep 2019211,45855.052.66$5,030
Aug 2019241,41353.112.30$4,531
Jul 2019221,42156.272.46$4,734
Jun 2019251,43752.782.49$4,899
May 2019211,53658.482.74$5,437
Apr 201901,08762.632.75$2,990
Mar 201901,77556.803.06$5,435
Feb 201902,72450.852.79$7,606
Jan 201901,36046.033.23$4,390
Dec 201801,87846.594.19$7,860
Nov 201803,62652.934.24$15,364
Oct 201802,03261.443.40$6,905
Sep 201801,35259.543.11$4,202
Aug 201801,47959.403.07$4,535
Jul 201801,35065.142.93$3,958
Jun 201801,15260.183.08$3,545
May 201881,31965.382.90$4,349
Apr 2018331,29463.842.90$5,860
Mar 2018431,47161.222.79$6,732
Feb 2018441,43961.782.77$6,699
Jan 2018402,11262.874.01$10,982
Dec 2017542,07557.272.92$9,155
Nov 2017612,14255.423.12$10,060
Oct 2017512,25149.292.98$9,230
Sep 2017402,19247.523.09$8,668
Aug 2017462,44145.373.00$9,421
Jul 2017732,85743.873.09$12,023
Jun 2017412,05042.493.09$8,071
May 2017321,21645.373.26$5,420
Apr 2017591,36647.933.21$7,215
Mar 2017322,97146.772.98$10,361
Feb 2017462,57650.452.95$9,927
Jan 2017351,44649.413.42$6,673
Dec 2016271,12148.763.72$5,490
Nov 2016491,91842.492.64$7,154
Oct 2016612,23746.193.09$9,731
Sep 2016582,03841.553.10$8,729
Aug 2016722,17241.442.92$9,335
Jul 2016582,38241.622.92$9,380
Jun 2016632,52045.352.69$9,625
May 2016331,45142.521.99$4,292
Apr 2016451,76336.561.99$5,155
Mar 2016813,19233.011.79$8,400
Feb 2016412,70426.472.06$6,665
Jan 2016663,01427.352.36$8,931
Dec 2015623,07032.362.00$8,151
Nov 2015722,85438.792.17$8,978
Oct 2015673,58043.552.43$11,605
Sep 2015593,56842.992.76$12,378
Aug 2015583,68940.162.87$12,926
Jul 2015603,43748.152.95$13,011
Jun 2015573,45556.152.88$13,161
May 2015894,19955.212.96$17,324
Apr 2015502,86249.822.71$10,237
Mar 2015211,14642.892.93$4,264
Feb 2015472,58644.662.98$9,795
Jan 2015603,10743.433.10$12,239
Dec 2014563,11754.693.59$14,257
Nov 2014632,66070.464.25$15,749
Oct 2014613,59978.303.90$18,816
Sep 2014553,68786.164.05$19,654
Aug 2014562,84889.394.04$16,498
Jul 2014673,69496.564.18$21,909
Jun 2014603,62998.164.74$23,080
May 2014583,31094.734.73$21,139
Apr 2014692,97995.944.81$20,946
Mar 2014653,14495.895.06$22,131
Feb 2014522,51197.406.19$20,613
Jan 2014733,10990.404.86$21,711
Dec 2013792,90391.824.35$19,895
Nov 2013663,35888.853.74$18,417
Oct 2013723,72497.423.78$21,089
Sep 2013464,039104.113.72$19,805
Aug 2013443,866104.253.52$18,205
Jul 2013463,879102.523.72$19,137
Jun 2013463,92894.403.93$19,793
May 2013524,09794.834.15$21,930
Apr 2013454,57993.964.28$23,838
Mar 2013534,46293.623.91$22,421
Feb 2013454,12291.233.42$18,202
Jan 2013453,97891.603.42$17,726
Dec 2012403,66686.773.42$16,009
Nov 2012453,74986.953.62$17,503
Oct 2012463,73589.383.40$16,809
Sep 2012442,83894.672.92$12,448
Aug 2012452,97392.662.91$12,816
Jul 2012513,34585.133.02$14,446
Jun 2012512,99979.822.52$11,625
May 2012492,88491.612.49$11,665
Apr 2012643,837101.652.00$14,167
Mar 2012723,504105.052.22$15,350
Feb 2012743,605101.102.57$16,747
Jan 2012753,53698.092.73$17,024
Dec 2011804,03696.873.24$20,825
Nov 2011664,52995.723.31$21,314
Oct 2011696,59784.983.65$29,933
Sep 2011696,48883.623.99$31,630
Aug 2011715,97283.404.15$30,701
Jul 20112126,19594.144.52$47,942
Jun 2011815,63192.904.64$33,652
May 2011936,04398.134.40$35,744
Apr 2011935,903105.964.33$35,434
Mar 2011905,95496.364.06$32,830
Feb 2011624,90785.644.18$25,821
Jan 2011826,11586.504.59$35,153
Dec 2010935,84585.734.35$33,385
Nov 2010795,79880.843.80$28,392
Oct 2010925,22278.103.51$25,509
Sep 20101334,32572.633.98$26,871
Aug 20101454,96873.684.42$32,639
Jul 20101614,66572.554.74$33,776
Jun 20101484,93370.364.91$34,636
May 20101554,68171.124.24$30,849
Apr 20101794,85781.694.12$34,646
Mar 20101794,79078.394.39$35,054
Feb 20101544,36673.585.44$35,093
Jan 20101854,81474.365.96$42,468
Dec 20092055,16471.445.48$42,963
Nov 20091984,91974.593.75$33,222
Oct 20091525,10172.544.11$31,992
Sep 20091375,95865.543.06$27,239
Aug 20091395,60767.423.22$27,418
Jul 20091305,85761.133.46$28,238
Jun 20091265,91666.163.90$31,379
May 20092097,28954.743.93$40,055
Apr 20091856,48846.773.59$31,928
Mar 20092246,19042.144.06$34,565
Feb 20091201,70332.814.63$11,827
Jan 20092355,48335.865.37$37,876
Dec 20082346,21837.105.98$45,847
Nov 20082436,30555.496.86$56,739
Oct 20081476,59975.246.92$56,738
Sep 20081114,389101.767.88$45,868
Aug 20081214,611114.228.48$52,936
Jul 20081344,615131.0811.39$70,127
Jun 20081245,018131.3313.03$81,683
May 20081785,749123.1711.57$88,465
Apr 20081585,457110.3110.45$74,481
Mar 20081996,667101.909.66$84,708
Feb 20082026,74992.538.77$77,884
Jan 20081896,46890.388.21$70,156
Dec 20072045,60388.337.30$58,932
Nov 20071717,20591.677.29$68,212
Oct 20071867,45682.856.92$67,020
Sep 20071658,06675.846.24$62,879
Aug 20071987,79569.066.39$63,468
Jul 20072118,00870.906.39$66,115
Jun 20071877,87262.007.55$71,015
May 200725010,19958.747.85$94,709
Apr 20072098,07859.617.81$75,509
Mar 20072608,74356.927.30$78,640
Feb 20071787,52955.108.22$71,666
Jan 20072609,64750.306.73$77,972
Dec 20062609,44456.656.92$80,067
Nov 20061238,35454.207.62$70,303
Oct 20061129,34954.906.01$62,372
Sep 20061099,87860.085.04$56,306
Aug 200613910,31568.717.34$85,262
Jul 200614512,78969.376.34$91,176
Jun 200620712,23766.286.38$91,840
May 200647412,67566.016.42$112,726
Apr 200641212,01864.397.36$114,987
Mar 20064029,87156.707.08$92,709
Feb 20064319,22557.597.75$96,325
Jan 200652810,64160.598.93$127,051
Dec 200570113,95154.9413.42$225,671
Nov 200563113,33154.6910.59$175,663
Oct 200572817,07158.3413.80$277,979
Sep 200517716,54261.4512.08$210,687
Aug 200519716,37761.519.80$172,560
Jul 200526516,89355.697.84$147,260
Jun 200529320,93852.337.38$169,877
May 200514115,68145.226.65$110,673
Apr 200528211,76049.207.36$100,434
Mar 200534316,35450.377.15$134,288
Feb 200522913,68945.226.31$96,759

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.

Aug 2024 — as filed, then multipliedworked
Condensate             1 bbl  × $ 75.63 =        $76
Gas                    0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                      $76

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/208892 is the state's own key, not one this site invented.