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 209810District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.1 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 Gas112005-08-19161963
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
CondensateDisposition29,387 bbl$1,999,074
GasProduction1,128,046 Mcf$6,123,826
Total$8,122,900

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 32.2942, -94.3913. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.29425, -94.39130 · 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
10,276 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 10,276 ft.

1 well

42-36535544910,276 ft

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 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 202504659.383.30$152
Sep 202517262.743.08$284
Aug 2025231363.933.01$1,071
Jul 2025226566.743.32$1,012
Jun 2025110566.483.13$395
May 2025944260.553.23$1,974
Apr 2025330262.363.54$1,257
Mar 202529867.704.27$554
Feb 202529370.884.34$545
Jan 2025313574.324.28$801
Dec 2024730068.993.12$1,419
Nov 20241070769.052.20$2,245
Oct 20241189171.372.28$2,818
Sep 20241069.612.36$70
Aug 202473775.632.06$606
Jul 2024151,00579.932.15$3,356
Jun 2024221,24178.082.63$4,987
May 2024231,65878.812.20$5,458
Apr 2024181,35784.451.66$3,772
Mar 2024251,50880.301.55$4,338
Feb 2024181,37176.091.78$3,815
Jan 2024141,12473.023.30$4,729
Dec 20231485671.262.61$3,232
Nov 2023221,56277.892.81$6,099
Oct 2023321,83985.443.09$8,412
Sep 2023231,88989.042.74$7,214
Aug 2023211,64080.522.67$6,074
Jul 2023271,68674.852.64$6,475
Jun 2023211,76868.962.26$5,441
May 2023211,38870.622.23$4,575
Apr 2023262,01478.122.24$6,538
Mar 2023231,87872.852.39$6,170
Feb 2023141,85075.112.47$5,613
Jan 20231234676.533.39$2,091
Dec 2022202,21776.415.73$14,230
Nov 2022201,80285.005.65$11,874
Oct 2022131,49187.185.86$9,876
Sep 2022151,63984.888.16$14,653
Aug 2022191,74094.529.13$17,677
Jul 2022111,503101.587.54$12,453
Jun 2022111,327115.097.98$11,852
May 202222992109.378.43$10,772
Apr 2022221,508104.226.84$12,604
Mar 2022431,934108.885.08$14,500
Feb 2022221,52491.054.86$9,408
Jan 2022351,43381.844.54$9,367
Dec 2021201,44871.323.90$7,072
Nov 2021261,25977.435.24$8,606
Oct 2021191,52279.795.71$10,213
Sep 2021171,23269.865.35$7,780
Aug 2021281,38266.024.22$7,681
Jul 2021211,40870.783.98$7,093
Jun 2021341,29469.493.38$6,737
May 2021341,73363.483.02$7,388
Apr 2021211,59060.362.76$5,653
Mar 2021451,82961.302.72$7,728
Feb 2021251,49557.805.55$9,739
Jan 2021241,94250.412.81$6,667
Dec 2020391,45744.642.68$5,639
Nov 2020211,34838.772.71$4,463
Oct 2020291,73436.972.48$5,370
Sep 2020261,52437.091.99$3,999
Aug 2020251,35639.982.39$4,234
Jul 2020461,69438.371.83$4,857
Jun 2020231,42934.901.69$3,218
May 2020161,43816.921.81$2,880
Apr 2020261,66914.751.80$3,395
Mar 2020361,99230.341.86$4,790
Feb 2020361,92049.881.98$5,599
Jan 2020282,01757.252.09$5,828
Dec 2019332,02859.012.30$6,621
Nov 2019362,04155.302.75$7,605
Oct 2019482,30153.472.42$8,132
Sep 2019322,42655.052.66$8,208
Aug 2019382,38553.112.30$7,514
Jul 2019342,20356.272.46$7,333
Jun 2019432,71052.782.49$9,021
May 2019462,52058.482.74$9,596
Apr 2019441,62462.632.75$7,223
Mar 2019481,75556.803.06$8,100
Feb 2019431,40650.852.79$6,112
Jan 2019451,67846.033.23$7,488
Dec 2018491,50246.594.19$8,569
Nov 2018541,80052.934.24$10,485
Oct 2018461,54961.443.40$8,090
Sep 2018361,54559.543.11$6,945
Aug 2018381,78859.403.07$7,740
Jul 2018721,70565.142.93$9,689
Jun 2018761,66160.183.08$9,684
May 2018471,67165.382.90$7,920
Apr 2018652,80363.842.90$12,281
Mar 2018742,93461.222.79$12,707
Feb 2018682,53061.782.77$11,199
Jan 2018512,93962.874.01$14,990
Dec 2017682,91557.272.92$12,411
Nov 2017732,80555.423.12$12,793
Oct 2017683,32249.292.98$13,264
Sep 2017513,00847.523.09$11,710
Aug 2017472,97045.373.00$11,055
Jul 2017853,21743.873.09$13,661
Jun 2017703,59642.493.09$14,076
May 2017733,42745.373.26$14,496
Apr 2017572,24747.933.21$9,948
Mar 2017464,96846.772.98$16,974
Feb 2017553,58250.452.95$13,351
Jan 2017743,32749.413.42$15,031
Dec 2016683,03148.763.72$14,600
Nov 2016653,31642.492.64$11,531
Oct 2016653,33746.193.09$13,315
Sep 2016633,08941.553.10$12,196
Aug 2016723,27441.442.92$12,558
Jul 2016603,21741.622.92$11,905
Jun 2016643,71245.352.69$12,872
May 2016783,60142.521.99$10,486
Apr 2016853,58536.561.99$10,245
Mar 2016933,47733.011.79$9,308
Feb 2016503,13926.472.06$7,801
Jan 2016803,52627.352.36$10,525
Dec 2015633,20432.362.00$8,451
Nov 2015743,37438.792.17$10,183
Oct 2015663,84643.552.43$12,207
Sep 2015553,36442.992.76$11,644
Aug 2015543,71240.162.87$12,831
Jul 2015673,84748.152.95$14,556
Jun 2015553,76356.152.88$13,936
May 2015724,18555.212.96$16,344
Apr 2015754,34649.822.71$15,499
Mar 2015764,20842.892.93$15,609
Feb 2015734,01444.662.98$15,207
Jan 2015904,81643.433.10$18,841
Dec 2014694,09154.693.59$18,466
Nov 2014693,05070.464.25$17,830
Oct 2014543,34078.303.90$17,257
Sep 2014583,63186.164.05$19,686
Aug 2014773,89189.394.04$22,584
Jul 2014784,04896.564.18$24,451
Jun 2014724,13298.164.74$26,640
May 2014683,68894.734.73$23,873
Apr 2014943,94195.944.81$27,971
Mar 2014783,51695.895.06$25,259
Feb 2014683,15397.406.19$26,147
Jan 2014883,50290.404.86$24,977
Dec 2013963,53291.824.35$24,195
Nov 2013683,36888.853.74$18,632
Oct 2013633,21997.423.78$18,303
Sep 2013493,057104.113.72$16,467
Aug 2013503,032104.253.52$15,893
Jul 2013523,067102.523.72$16,733
Jun 2013523,09294.403.93$17,071
May 2013603,29894.834.15$19,373
Apr 2013533,79793.964.28$21,241
Mar 2013623,66293.623.91$20,133
Feb 2013553,43591.233.42$16,765
Jan 2013674,01791.603.42$19,875
Dec 2012674,27086.773.42$20,418
Nov 2012724,11086.953.62$21,159
Oct 2012804,55089.383.40$22,619
Sep 2012655,03894.672.92$20,856
Aug 2012644,98392.662.91$20,422
Jul 2012655,15085.133.02$21,091
Jun 2012614,17679.822.52$15,389
May 2012624,49291.612.49$16,857
Apr 2012674,663101.652.00$16,122
Mar 2012683,990105.052.22$16,010
Feb 2012744,212101.102.57$18,307
Jan 2012744,10398.092.73$18,477
Dec 2011915,31696.873.24$26,038
Nov 2011806,22695.723.31$28,274
Oct 20111375,57584.983.65$31,983
Sep 20111475,82683.623.99$35,513
Aug 20112047,49583.404.15$48,113
Jul 20115296,55394.144.52$79,402
Jun 20112156,44092.904.64$49,854
May 20112506,95998.134.40$55,186
Apr 20112577,149105.964.33$58,210
Mar 20112396,64796.364.06$49,999
Feb 20111715,92485.644.18$39,407
Jan 20112116,88586.504.59$49,845
Dec 20102155,54085.734.35$42,518
Nov 20102056,32280.843.80$40,566
Oct 20101896,12078.103.51$36,235
Sep 2010865,79672.633.98$29,311
Aug 2010906,02173.684.42$33,240
Jul 20101126,73372.554.74$40,016
Jun 2010966,31570.364.91$37,764
May 20101116,85771.124.24$36,935
Apr 20101146,25781.694.12$35,108
Mar 20101146,01678.394.39$35,339
Feb 20101076,24073.585.44$41,833
Jan 20101166,10574.365.96$45,037
Dec 20091296,49771.445.48$44,844
Nov 20091326,47574.593.75$34,137
Oct 20091297,15172.544.11$38,750
Sep 20092356,78265.543.06$36,187
Aug 20092647,26167.423.22$41,168
Jul 20092377,32861.133.46$39,876
Jun 20092167,22166.163.90$42,416
May 20092997,21654.743.93$44,695
Apr 20092426,68746.773.59$35,308
Mar 20093118,44642.144.06$47,388
Feb 20091532,17932.814.63$15,115
Jan 20092946,63935.865.37$46,201
Dec 20083068,17037.105.98$60,186
Nov 20082566,80155.496.86$60,863
Oct 20081126,41875.246.92$52,852
Sep 20081035,432101.767.88$53,270
Aug 20081035,206114.228.48$55,927
Jul 20081114,773131.0811.39$68,912
Jun 20081326,917131.3313.03$107,482
May 20082068,869123.1711.57$128,025
Apr 200822710,922110.3110.45$139,228
Mar 200832011,656101.909.66$145,252
Feb 200829210,15792.538.77$116,102
Jan 200829311,14490.388.21$117,926
Dec 20072637,46688.337.30$77,747
Nov 200727012,21591.677.29$113,819
Oct 200729112,40482.856.92$109,970
Sep 200725612,21275.846.24$95,669
Aug 200728810,67569.066.39$88,081
Jul 200732812,36470.906.39$102,236
Jun 200720010,14162.007.55$88,949
May 20075341358.747.85$6,354
Apr 200727811,98659.617.81$110,125
Mar 200737314,16256.927.30$124,642
Feb 200726012,44555.108.22$116,574
Jan 200736715,63550.306.73$123,634
Dec 200639015,12756.656.92$126,749
Nov 200625813,38654.207.62$115,951
Oct 200625416,00054.906.01$110,165
Sep 200629315,60960.085.04$96,229
Aug 200640017,77668.717.34$157,958
Jul 200635718,41269.376.34$141,548
Jun 200647417,64866.286.38$144,079
May 200676818,57466.016.42$170,034
Apr 200660314,70164.397.36$147,034
Mar 200685818,41656.707.08$179,088
Feb 200685017,41857.597.75$183,961
Jan 20065069,37560.598.93$114,408
Dec 20054227,34554.9413.42$121,721
Nov 20054899,02254.6910.59$122,272
Oct 20054319,01958.3413.80$149,569
Sep 20051605,66161.4512.08$78,211
Aug 200531733061.519.80$22,732
Jul 20054109,72055.697.84$99,073
Jun 20053027,67652.337.38$72,461
May 20053357,58545.226.65$65,598
Apr 200557810,82949.207.36$108,144
Mar 20051325,86050.377.15$48,576

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.

Oct 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.38 =         $0
Gas                   46 Mcf  × $  3.30 =       $152

────────────────────────────────────────────────────
Month total                                     $152

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/209810 is the state's own key, not one this site invented.