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 209809District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.0 M
Mar 2005 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
255
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 Gas112005-08-19162039
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
CondensateDisposition27,405 bbl$1,771,498
GasProduction883,855 Mcf$5,232,172
Total$7,003,670

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 32.2918, -94.3929. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.29181, -94.39289 · 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
Nov 2025
1 of 1 wells

1 well

42-365355431010,250 ftNov 2025

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 (255)

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

255 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202603159.138.00$248
Dec 202501756.664.41$75
Nov 202509758.593.93$381
Oct 2025015659.383.30$516
Sep 2025013262.743.08$406
Aug 202509163.933.01$274
Jul 2025011166.743.32$368
Jun 2025014666.483.13$457
May 202509860.553.23$317
Apr 202503062.363.54$106
Mar 202506767.704.27$286
Feb 202508270.884.34$356
Jan 202506874.324.28$291
Dec 2024019668.993.12$612
Nov 202408369.052.20$182
Oct 202407671.372.28$173
Sep 202408169.612.36$192
Aug 202417875.632.06$237
Jul 2024013979.932.15$298
Jun 202408478.082.63$221
May 202405178.812.20$112
Apr 202403284.451.66$53
Mar 2024011180.301.55$172
Feb 2024019576.091.78$348
Jan 2024010173.023.30$333
Dec 202304671.262.61$120
Nov 202306477.892.81$180
Oct 202305485.443.09$167
Sep 2023013489.042.74$367
Aug 2023041380.522.67$1,104
Jul 2023044774.852.64$1,181
Jun 2023054168.962.26$1,222
May 2023024570.622.23$546
Apr 2023023978.122.24$535
Mar 2023023672.852.39$565
Feb 2023034275.112.47$843
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 2022011585.005.65$649
Oct 202207587.185.86$440
Sep 2022068784.888.16$5,608
Aug 2022074394.529.13$6,781
Jul 2022045101.587.54$339
Jun 20222777115.097.98$6,428
May 20226488109.378.43$4,772
Apr 20223302104.226.84$2,378
Mar 20224291108.885.08$1,913
Feb 2022326591.054.86$1,561
Jan 2022734781.844.54$2,147
Dec 2021437671.323.90$1,751
Nov 2021432277.435.24$1,996
Oct 2021323179.795.71$1,559
Sep 2021848869.865.35$3,170
Aug 2021281,86966.024.22$9,737
Jul 2021232,16470.783.98$10,245
Jun 2021321,93269.493.38$8,755
May 2021261,87563.483.02$7,309
Apr 2021141,80160.362.76$5,813
Mar 2021231,62761.302.72$5,830
Feb 2021121,44857.805.55$8,727
Jan 2021121,74750.412.81$5,514
Dec 2020201,74744.642.68$5,567
Nov 2020887738.772.71$2,684
Oct 2020121,29636.972.48$3,656
Sep 2020111,18937.091.99$2,775
Aug 2020141,46139.982.39$4,044
Jul 2020231,55938.371.83$3,728
Jun 2020121,32934.901.69$2,665
May 2020101,33016.921.81$2,583
Apr 2020221,15314.751.80$2,405
Mar 2020301,33530.341.86$3,388
Feb 2020311,24549.881.98$4,012
Jan 2020281,47957.252.09$4,701
Dec 2019341,67059.012.30$5,855
Nov 2019361,59155.302.75$6,367
Oct 2019461,72853.472.42$6,639
Sep 2019301,74655.052.66$6,291
Aug 2019401,88353.112.30$6,464
Jul 2019382,13656.272.46$7,393
Jun 2019442,11252.782.49$7,584
May 2019562,04658.482.74$8,882
Apr 2019721,63862.632.75$9,015
Mar 2019751,59656.803.06$9,147
Feb 2019731,50850.852.79$7,923
Jan 2019741,66346.033.23$8,775
Dec 2018811,50746.594.19$10,081
Nov 2018861,72652.934.24$11,865
Oct 2018841,74461.443.40$11,087
Sep 2018671,71759.543.11$9,326
Aug 2018762,13759.403.07$11,068
Jul 20181231,81165.142.93$13,322
Jun 20181281,80260.183.08$13,248
May 2018591,78765.382.90$9,041
Apr 2018262,19163.842.90$8,015
Mar 2018282,33261.222.79$8,213
Feb 2018272,11161.782.77$7,507
Jan 2018432,34562.874.01$12,105
Dec 2017292,37757.272.92$8,605
Nov 2017312,30055.423.12$8,890
Oct 2017272,61949.292.98$9,145
Sep 2017212,46547.523.09$8,608
Aug 2017202,40345.373.00$8,127
Jul 2017362,64443.873.09$9,742
Jun 2017272,61042.493.09$9,205
May 2017312,54945.373.26$9,725
Apr 2017691,89947.933.21$9,406
Mar 2017373,68646.772.98$12,728
Feb 2017453,06150.452.95$11,308
Jan 2017582,73249.413.42$12,206
Dec 2016562,49348.763.72$12,012
Nov 2016512,49342.492.64$8,759
Oct 2016482,66746.193.09$10,459
Sep 2016472,51641.553.10$9,754
Aug 2016542,70341.442.92$10,142
Jul 2016452,76541.622.92$9,959
Jun 2016472,91145.352.69$9,950
May 2016602,95942.521.99$8,443
Apr 2016702,81736.561.99$8,168
Mar 2016702,87533.011.79$7,468
Feb 2016402,67526.472.06$6,579
Jan 2016642,83627.352.36$8,456
Dec 2015532,84332.362.00$7,405
Nov 2015592,54638.792.17$7,807
Oct 2015552,16143.552.43$7,639
Sep 2015532,41242.992.76$8,932
Aug 2015482,44040.162.87$8,937
Jul 2015562,29848.152.95$9,464
Jun 2015472,42856.152.88$9,639
May 2015662,51355.212.96$11,071
Apr 2015602,53649.822.71$9,853
Mar 2015702,88242.892.93$11,460
Feb 2015732,99044.662.98$12,159
Jan 2015833,26243.433.10$13,719
Dec 2014713,30254.693.59$15,742
Nov 2014653,71370.464.25$20,367
Oct 2014533,57678.303.90$18,100
Sep 2014483,65386.164.05$18,914
Aug 2014823,57289.394.04$21,743
Jul 2014803,56296.564.18$22,613
Jun 2014693,87698.164.74$25,133
May 2014471,94894.734.73$13,660
Apr 20141093,94295.944.81$29,415
Mar 2014903,98095.895.06$28,756
Feb 20141027597.406.19$2,677
Jan 20142891790.404.86$6,988
Dec 2013371,26791.824.35$8,914
Nov 20132496588.853.74$5,740
Oct 2013311,35497.423.78$8,137
Sep 201317888104.113.72$5,071
Aug 201317785104.253.52$4,538
Jul 201319879102.523.72$5,216
Jun 20131986794.403.93$5,204
May 2013371,49694.834.15$9,716
Apr 2013492,72793.964.28$16,283
Mar 2013773,48093.623.91$20,826
Feb 2013733,76291.233.42$19,525
Jan 2013783,83091.603.42$20,243
Dec 2012693,47286.773.42$17,862
Nov 2012733,50686.953.62$19,056
Oct 2012703,28789.383.40$17,431
Sep 2012432,03794.672.92$10,016
Aug 2012442,14392.662.91$10,309
Jul 2012492,35185.133.02$11,273
Jun 2012572,42279.822.52$10,651
May 2012592,68291.612.49$12,079
Apr 2012642,851101.652.00$12,198
Mar 2012622,226105.052.22$11,459
Feb 2012742,610101.102.57$14,190
Jan 2012762,71298.092.73$14,870
Dec 2011712,62196.873.24$15,369
Nov 2011633,22295.723.31$16,699
Oct 2011593,76484.983.65$18,747
Sep 2011563,39883.623.99$18,226
Aug 2011713,62983.404.15$20,979
Jul 20112314,43294.144.52$41,767
Jun 2011803,51692.904.64$23,746
May 20111024,31598.134.40$29,016
Apr 2011974,091105.964.33$28,006
Mar 2011903,92496.364.06$24,593
Feb 2011633,17785.644.18$18,675
Jan 2011844,06186.504.59$25,901
Dec 2010973,92785.734.35$25,389
Nov 2010924,17680.843.80$23,287
Oct 20101104,69078.103.51$25,048
Sep 20101094,22972.633.98$24,746
Aug 20101184,68273.684.42$29,386
Jul 20101284,54872.554.74$30,828
Jun 20101054,04470.364.91$27,245
May 20101244,29271.124.24$26,996
Apr 20101675,17681.694.12$34,981
Mar 20101885,88878.394.39$40,578
Feb 20101565,36373.585.44$40,666
Jan 20101735,25174.365.96$44,182
Dec 20092025,96171.445.48$47,120
Nov 20091965,81374.593.75$36,427
Oct 20091675,69672.544.11$35,526
Sep 20092584,87665.543.06$31,853
Aug 20092865,02267.423.22$35,445
Jul 20092705,42961.133.46$35,314
Jun 20091975,35366.163.90$33,883
May 2009743,76054.743.93$18,812
Apr 2009783,92946.773.59$17,743
Mar 20091115,66842.144.06$27,684
Feb 2009641,67032.814.63$9,837
Jan 20091255,46435.865.37$33,830
Dec 20081175,82537.105.98$39,158
Nov 20081245,57255.496.86$45,107
Oct 20081127,70475.246.92$61,754
Sep 2008955,948101.767.88$56,520
Aug 2008965,588114.228.48$58,368
Jul 20081045,619131.0811.39$77,630
Jun 2008915,977131.3313.03$89,847
May 20081165,727123.1711.57$80,574
Apr 20081145,629110.3110.45$71,426
Mar 20082076,451101.909.66$83,436
Feb 20081965,80492.538.77$69,040
Jan 20082136,63190.388.21$73,663
Dec 20072396,03088.337.30$65,142
Nov 20071967,43691.677.29$72,188
Oct 20072378,55882.856.92$78,874
Sep 20072149,46575.846.24$75,331
Aug 20072378,14269.066.39$68,378
Jul 20072669,46770.906.39$79,334
Jun 20071776,78262.007.55$62,168
May 20072367,78358.747.85$74,930
Apr 20073169,77159.617.81$95,101
Mar 20073599,48556.927.30$89,693
Feb 20072568,65955.108.22$85,248
Jan 20073289,68250.306.73$81,628
Dec 20063249,64056.656.92$85,048
Nov 20061143,08354.207.62$29,663
Oct 20061454,72854.906.01$36,394
Sep 20062138,29960.085.04$54,601
Aug 20062698,66868.717.34$82,105
Jul 20062378,75969.376.34$71,997
Jun 200638810,52866.286.38$92,926
May 200667914,92866.016.42$140,733
Apr 200663515,17164.397.36$152,553
Mar 200679716,90556.707.08$164,927
Feb 20065369,27357.597.75$102,744
Jan 200677113,10260.598.93$163,759
Dec 200595115,83554.9413.42$264,681
Nov 200582415,39554.6910.59$208,073
Oct 200572913,61258.3413.80$230,318
Sep 200540515,69561.4512.08$214,467
Aug 200550252861.519.80$36,051
Jul 200560714,75755.697.84$149,552
Jun 200568418,21352.337.38$170,225
May 200585121,25145.226.65$179,826
Apr 20051,18622,63749.207.36$224,970
Mar 200559218,11950.377.15$159,458

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.

Jan 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.13 =         $0
Gas                   31 Mcf  × $  8.00 =       $248

────────────────────────────────────────────────────
Month total                                     $248

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/209809 is the state's own key, not one this site invented.