COWAN GU

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 209228District 06Field 170080502 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.3 M
Feb 2005 – May 2026
Value, last 12 filed months
$19 k
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 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 Gas112005-10-05164751
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
CondensateDisposition6,676 bbl$449,842
GasProduction314,361 Mcf$1,836,612
Total$2,286,454

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 32.2985, -95.1038. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.29851, -95.10385 · 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
11,710 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 11,710 ft.

Completions filed
Feb 2005
1 of 1 wells

1 well

42-42331883311,710 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 20260340106.413.05$1,036
Apr 2026041598.932.87$1,191
Mar 2026050889.753.15$1,600
Feb 2026026263.503.75$983
Jan 2026043759.138.00$3,495
Dec 2025043256.664.41$1,907
Nov 2025042758.593.93$1,677
Oct 2025044059.383.30$1,454
Sep 2025041262.743.08$1,268
Aug 2025143963.933.01$1,387
Jul 2025043866.743.32$1,452
Jun 2025040866.483.13$1,277
May 2025043660.553.23$1,409
Apr 2025042662.363.54$1,509
Mar 2025045167.704.27$1,925
Feb 2025045670.884.34$1,979
Jan 2025049874.324.28$2,131
Dec 2024144068.993.12$1,442
Nov 2024055969.052.20$1,229
Oct 2024034471.372.28$785
Sep 2024042569.612.36$1,005
Aug 2024035175.632.06$724
Jul 2024047779.932.15$1,024
Jun 2024034578.082.63$909
May 20240078.812.20$0
Apr 202407584.451.66$124
Mar 2024038480.301.55$593
Feb 2024038876.091.78$692
Jan 2024040473.023.30$1,332
Dec 2023044071.262.61$1,149
Nov 2023046177.892.81$1,294
Oct 2023047985.443.09$1,479
Sep 2023049689.042.74$1,357
Aug 2023045080.522.67$1,203
Jul 2023055974.852.64$1,477
Jun 2023055868.962.26$1,260
May 2023050870.622.23$1,132
Apr 2023038578.122.24$862
Mar 2023051172.852.39$1,223
Feb 2023046475.112.47$1,144
Jan 20230076.533.39$0
Dec 2022038676.415.73$2,211
Nov 2022047185.005.65$2,659
Oct 2022049787.185.86$2,914
Sep 2022047884.888.16$3,902
Aug 2022050694.529.13$4,618
Jul 20220492101.587.54$3,711
Jun 20220511115.097.98$4,076
May 20220495109.378.43$4,174
Apr 20220453104.226.84$3,097
Mar 20220558108.885.08$2,833
Feb 2022042091.054.86$2,041
Jan 2022062081.844.54$2,813
Dec 2021060571.323.90$2,359
Nov 2021045277.435.24$2,367
Oct 2021041679.795.71$2,377
Sep 2021040569.865.35$2,167
Aug 2021050166.024.22$2,115
Jul 2021051770.783.98$2,059
Jun 2021051369.493.38$1,734
May 2021050063.483.02$1,509
Apr 2021047660.362.76$1,313
Mar 2021051761.302.72$1,405
Feb 2021037957.805.55$2,103
Jan 2021060850.412.81$1,709
Dec 2020059644.642.68$1,595
Nov 2020059738.772.71$1,616
Oct 2020057136.972.48$1,415
Sep 2020045037.091.99$896
Aug 2020046439.982.39$1,107
Jul 2020045238.371.83$825
Jun 2020044234.901.69$747
May 2020050116.921.81$909
Apr 20209146414.751.80$2,179
Mar 2020057130.341.86$1,060
Feb 2020066949.881.98$1,325
Jan 2020061657.252.09$1,290
Dec 2019061359.012.30$1,413
Nov 2019063555.302.75$1,747
Oct 2019061653.472.42$1,490
Sep 2019051855.052.66$1,376
Aug 2019046053.112.30$1,060
Jul 2019068256.272.46$1,678
Jun 2019060652.782.49$1,510
May 2019061658.482.74$1,688
Apr 2019055062.632.75$1,513
Mar 2019061356.803.06$1,877
Feb 2019056050.852.79$1,564
Jan 2019061646.033.23$1,989
Dec 2018060946.594.19$2,549
Nov 2018060152.934.24$2,547
Oct 2018065861.443.40$2,236
Sep 2018060259.543.11$1,871
Aug 2018064059.403.07$1,963
Jul 2018066865.142.93$1,959
Jun 2018062460.183.08$1,920
May 2018065565.382.90$1,900
Apr 2018064563.842.90$1,871
Mar 2018073061.222.79$2,034
Feb 2018067761.782.77$1,873
Jan 2018066862.874.01$2,678
Dec 2017072157.272.92$2,106
Nov 2017074555.423.12$2,323
Oct 2017071749.292.98$2,139
Sep 2017071747.523.09$2,214
Aug 2017072045.373.00$2,163
Jul 2017071343.873.09$2,201
Jun 201703,48842.493.09$10,768
May 201702,97945.373.26$9,722
Apr 201702,09047.933.21$6,712
Mar 201702,95046.772.98$8,802
Feb 2017058850.452.95$1,736
Jan 2017069049.413.42$2,359
Dec 2016085448.763.72$3,179
Nov 20160042.492.64$0
Oct 2016056046.193.09$1,731
Sep 201601,19841.553.10$3,715
Aug 201601,29141.442.92$3,775
Jul 2016066641.622.92$1,948
Jun 2016079945.352.69$2,146
May 2016092442.521.99$1,840
Apr 2016077836.561.99$1,549
Mar 2016088933.011.79$1,595
Feb 2016086226.472.06$1,779
Jan 2016097327.352.36$2,301
Dec 201518090632.362.00$7,638
Nov 201511,18838.792.17$2,614
Oct 201501,12043.552.43$2,718
Sep 201501,10542.992.76$3,048
Aug 201501,08440.162.87$3,114
Jul 201501,15348.152.95$3,396
Jun 201501,21856.152.88$3,511
May 201501,22455.212.96$3,617
Apr 201501,18649.822.71$3,210
Mar 201501,10542.892.93$3,243
Feb 201501,06444.662.98$3,167
Jan 201501,24643.433.10$3,863
Dec 201401,15754.693.59$4,155
Nov 201401,08670.464.25$4,618
Oct 201418643278.303.90$16,249
Sep 201401,14286.164.05$4,620
Aug 201401,19789.394.04$4,830
Jul 201401,22496.564.18$5,116
Jun 201401,15698.164.74$5,476
May 201401,15194.734.73$5,440
Apr 201401,19195.944.81$5,728
Mar 201401,19195.895.06$6,023
Feb 201401,12397.406.19$6,954
Jan 201401,33090.404.86$6,465
Dec 201301,26691.824.35$5,513
Nov 201301,18588.853.74$4,430
Oct 2013401,25697.423.78$8,644
Sep 201301,303104.113.72$4,844
Aug 201301,149104.253.52$4,047
Jul 20131911,071102.523.72$23,563
Jun 201301,07394.403.93$4,221
May 2013097994.834.15$4,062
Apr 201301,67693.964.28$7,178
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120292.662.91$6
Jul 20120085.133.02$0
Jun 201218447079.822.52$15,871
May 2012048691.612.49$1,209
Apr 20120740101.652.00$1,478
Mar 20120660105.052.22$1,467
Feb 20120559101.102.57$1,437
Jan 201201,31898.092.73$3,604
Dec 201101,16896.873.24$3,784
Nov 2011069195.723.31$2,288
Oct 2011068584.983.65$2,499
Sep 2011024483.623.99$973
Aug 2011058183.404.15$2,411
Jul 201101,03694.144.52$4,680
Jun 2011049692.904.64$2,301
May 2011088298.134.40$3,885
Apr 20111771,491105.964.33$25,216
Mar 201101,40596.364.06$5,701
Feb 201101,17785.644.18$4,920
Jan 20111821,34886.504.59$21,929
Dec 201001,33985.734.35$5,822
Nov 201001,30080.843.80$4,934
Oct 201001,29078.103.51$4,526
Sep 201001,31672.633.98$5,237
Aug 20101881,39673.684.42$20,021
Jul 201002872.554.74$133
Jun 2010061670.364.91$3,025
May 201001,35371.124.24$5,730
Apr 201001,26081.694.12$5,195
Mar 20101901,31578.394.39$20,665
Feb 201001,35573.585.44$7,374
Jan 201001,30874.365.96$7,801
Dec 200901,38171.445.48$7,573
Nov 20091941,31174.593.75$19,389
Oct 200901,45372.544.11$5,972
Sep 200901,55165.543.06$4,753
Aug 200901,55967.423.22$5,018
Jul 20091731,55461.133.46$15,959
Jun 200901,45366.163.90$5,659
May 200901,56454.743.93$6,140
Apr 200901,42446.773.59$5,109
Mar 20091741,59642.144.06$13,811
Feb 200901,38832.814.63$6,431
Jan 200901,52835.865.37$8,207
Dec 20081861,66937.105.98$16,876
Nov 200801,78355.496.86$12,232
Oct 200801,73975.246.92$12,037
Sep 20081771,697101.767.88$31,379
Aug 20081771,886114.228.48$36,216
Jul 200801,780131.0811.39$20,273
Jun 200801,714131.3313.03$22,338
May 200801,779123.1711.57$20,591
Apr 200801,805110.3110.45$18,871
Mar 20081791,853101.909.66$36,148
Feb 200801,74492.538.77$15,296
Jan 20081961,98390.388.21$33,986
Dec 200701,94988.337.30$14,232
Nov 20071791,84591.677.29$29,862
Oct 200702,02382.856.92$14,003
Sep 200702,04575.846.24$12,769
Aug 20071882,29869.066.39$27,663
Jul 200712,32370.906.39$14,910
Jun 200712,24962.007.55$17,038
May 20071922,53058.747.85$31,129
Apr 200702,52659.617.81$19,716
Mar 200721,59856.927.30$11,782
Feb 20071901,82855.108.22$25,488
Jan 20071942,79450.306.73$28,553
Dec 200603,12856.656.92$21,641
Nov 20061982,78354.207.62$31,931
Oct 20061672,98454.906.01$27,113
Sep 200613,00560.085.04$15,197
Aug 20061892,85868.717.34$33,964
Jul 200603,20769.376.34$20,341
Jun 200613,44166.286.38$22,033
May 20061923,45066.016.42$34,840
Apr 20061993,36264.397.36$37,560
Mar 200633,67256.707.08$26,179
Feb 20061983,33657.597.75$37,261
Jan 200604,04760.598.93$36,153
Dec 20053804,31754.9413.42$78,791
Nov 200505,63554.6910.59$59,666
Oct 20051905,73558.3413.80$90,203
Sep 200505,51461.4512.08$66,604
Aug 20051905,30661.519.80$63,669
Jul 200504,31355.697.84$33,830
Jun 20053695,14252.337.38$57,263
May 200506,18445.226.65$41,131
Apr 20053847,24749.207.36$72,234
Mar 2005016,57050.377.15$118,556
Feb 20050045.226.31$0

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                  340 Mcf  × $  3.05 =     $1,036

────────────────────────────────────────────────────
Month total                                   $1,036

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/209228 is the state's own key, not one this site invented.