BIVINS GAS UNIT 1

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the OAK 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 238976District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.8 M
Apr 2008 – May 2026
Value, last 12 filed months
$130 k
at the published price for each month
Months reported
218
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 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 2018-03-20.

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 Gas112009-03-17190194
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
CondensateDisposition5,594 bbl$405,696
GasProduction1,026,483 Mcf$4,377,290
Total$4,782,986

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 32.4139, -94.5617. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41392, -94.56172 · 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
12,268 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 12,268 ft.

Completions filed
Apr 2008
1 of 1 wells

1 well

42-20333219512,268 ftApr 2008

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 (218)

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

218 months

May 2026362,838106.413.05$12,475
Apr 202602,69798.932.87$7,740
Mar 2026342,80489.753.15$11,883
Feb 2026312,58963.503.75$11,678
Jan 202602,64059.138.00$21,115
Dec 2025272,50456.664.41$12,581
Nov 202502,52658.593.93$9,918
Oct 2025532,54359.383.30$11,551
Sep 202502,14762.743.08$6,606
Aug 2025252,23363.933.01$8,330
Jul 202502,37966.743.32$7,887
Jun 2025292,04166.483.13$8,314
May 202502,67960.553.23$8,659
Apr 2025442,79662.363.54$12,650
Mar 202502,63367.704.27$11,238
Feb 2025182,33370.884.34$11,403
Jan 202501,82674.324.28$7,813
Dec 2024212,00068.993.12$7,692
Nov 202401,46569.052.20$3,221
Oct 2024222,38271.372.28$7,004
Sep 2024212,61869.612.36$7,652
Aug 202492,64075.632.06$6,129
Jul 2024084179.932.15$1,805
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 2024221,14284.451.66$3,753
Mar 202402,35180.301.55$3,633
Feb 202402,42776.091.78$4,329
Jan 2024262,37573.023.30$9,730
Dec 202301,98771.262.61$5,188
Nov 2023222,44477.892.81$8,575
Oct 202302,10385.443.09$6,493
Sep 2023211,73589.042.74$6,615
Aug 2023192,20880.522.67$7,432
Jul 202301,85174.852.64$4,890
Jun 2023201,55168.962.26$4,882
May 202301,40570.622.23$3,130
Apr 2023241,98178.122.24$6,308
Mar 2023312,56072.852.39$8,385
Feb 202303,13075.112.47$7,718
Jan 2023221,75276.533.39$7,619
Dec 2022222,06776.415.73$13,523
Nov 202201,99985.005.65$11,287
Oct 2022301,57287.185.86$11,833
Sep 2022352,56484.888.16$23,902
Aug 202203,18694.529.13$29,079
Jul 2022353,599101.587.54$30,699
Jun 202203,375115.097.98$26,923
May 2022383,600109.378.43$34,515
Apr 2022394,109104.226.84$32,160
Mar 2022443,810108.885.08$24,132
Feb 202203,53591.054.86$17,176
Jan 2022434,21181.844.54$22,627
Dec 2021284,25671.323.90$18,592
Nov 202102,73777.435.24$14,333
Oct 2021273,12979.795.71$20,033
Sep 2021223,07469.865.35$17,986
Aug 2021272,55766.024.22$12,575
Jul 202103,29470.783.98$13,117
Jun 2021232,77069.493.38$10,963
May 2021273,06263.483.02$10,954
Apr 2021263,44160.362.76$11,061
Mar 2021243,06461.302.72$9,796
Feb 2021291,33757.805.55$9,094
Jan 202102,79850.412.81$7,863
Dec 2020292,59844.642.68$8,245
Nov 2020313,12738.772.71$9,665
Oct 2020332,68236.972.48$7,867
Sep 2020292,79737.091.99$6,645
Aug 202002,24939.982.39$5,364
Jul 2020292,83238.371.83$6,281
Jun 2020632,63334.901.69$6,649
May 202003,05416.921.81$5,542
Apr 2020332,91714.751.80$5,750
Mar 2020273,17330.341.86$6,709
Feb 2020282,56249.881.98$6,471
Jan 20202479757.252.09$3,044
Dec 2019282,49259.012.30$7,395
Nov 2019212,33455.302.75$7,581
Oct 2019174,16053.472.42$10,970
Sep 2019183,35155.052.66$9,895
Aug 2019164,00653.112.30$10,081
Jul 201903,54156.272.46$8,711
Jun 2019173,98352.782.49$10,820
May 2019163,69058.482.74$11,047
Apr 2019143,49762.632.75$10,496
Mar 2019153,51756.803.06$11,621
Feb 2019153,25250.852.79$9,843
Jan 2019153,26346.033.23$11,224
Dec 2018163,06646.594.19$13,578
Nov 2018173,17752.934.24$14,362
Oct 2018202,92261.443.40$11,158
Sep 2018172,43759.543.11$8,586
Aug 2018202,64059.403.07$9,284
Jul 2018232,88865.142.93$9,965
Jun 2018243,69660.183.08$12,817
May 2018233,60765.382.90$11,967
Apr 2018253,52463.842.90$11,818
Mar 2018264,13261.222.79$13,107
Feb 2018253,57761.782.77$11,439
Jan 2018213,49062.874.01$15,313
Dec 2017154,15457.272.92$12,995
Nov 2017133,42555.423.12$11,401
Oct 2017153,54949.292.98$11,328
Sep 2017153,73247.523.09$12,235
Aug 2017153,66445.373.00$11,689
Jul 2017154,00143.873.09$13,010
Jun 2017164,07542.493.09$13,261
May 2017143,93245.373.26$13,467
Apr 2017164,04747.933.21$13,764
Mar 2017353,86946.772.98$13,181
Feb 2017154,30950.452.95$13,480
Jan 2017163,70349.413.42$13,450
Dec 2016173,84248.763.72$15,132
Nov 2016214,00942.492.64$11,493
Oct 2016414,51746.193.09$15,852
Sep 2016204,29341.553.10$14,142
Aug 2016204,09941.442.92$12,816
Jul 2016204,82141.622.92$14,931
Jun 2016214,31645.352.69$12,544
May 2016254,61942.521.99$10,260
Apr 2016194,70136.561.99$10,055
Mar 2016384,18333.011.79$8,759
Feb 2016194,16226.472.06$9,092
Jan 2016203,92327.352.36$9,822
Dec 2015204,37932.362.00$9,411
Nov 2015404,54038.792.17$11,391
Oct 2015234,94343.552.43$12,996
Sep 2015165,73242.992.76$16,499
Aug 2015185,21240.162.87$15,694
Jul 2015465,81048.152.95$19,326
Jun 2015184,95256.152.88$15,287
May 2015355,59655.212.96$18,471
Apr 2015165,29449.822.71$15,126
Mar 2015315,04942.892.93$16,147
Feb 2015152,94044.662.98$9,420
Jan 2015294,17443.433.10$14,202
Dec 2014304,20454.693.59$16,739
Nov 2014164,67370.464.25$20,996
Oct 2014355,07078.303.90$22,518
Sep 2014195,56386.164.05$24,142
Aug 2014406,21889.394.04$28,666
Jul 2014185,89896.564.18$26,389
Jun 2014305,34398.164.74$28,254
May 2014345,23794.734.73$27,974
Apr 2014354,22295.944.81$23,662
Mar 2014385,22595.895.06$30,066
Feb 2014364,45097.406.19$31,061
Jan 2014405,16690.404.86$28,726
Dec 2013305,62191.824.35$27,231
Nov 2013194,29088.853.74$17,725
Oct 2013174,62397.423.78$19,128
Sep 201394,198104.113.72$16,544
Aug 2013174,779104.253.52$18,607
Jul 2013174,625102.523.72$18,937
Jun 2013174,86794.403.93$20,749
May 2013244,79694.834.15$22,175
Apr 2013254,67193.964.28$22,353
Mar 2013174,70093.623.91$19,982
Feb 2013234,19491.233.42$16,441
Jan 2013164,92791.603.42$18,316
Dec 2012294,50386.773.42$17,917
Nov 2012264,91686.953.62$20,081
Oct 2012235,08189.383.40$19,330
Sep 2012135,55794.672.92$17,448
Aug 2012266,35492.662.91$20,888
Jul 2012206,54185.133.02$21,462
Jun 2012256,16779.822.52$17,530
May 2012246,14591.612.49$17,489
Apr 2012306,513101.652.00$16,055
Mar 2012277,786105.052.22$20,137
Feb 2012265,908101.102.57$17,814
Jan 2012305,87398.092.73$19,000
Dec 2011237,75796.873.24$27,359
Nov 2011476,81895.723.31$27,075
Oct 2011307,42784.983.65$29,647
Sep 2011287,24983.623.99$31,234
Aug 2011297,13083.404.15$32,003
Jul 2011256,40294.144.52$31,273
Jun 2011296,30492.904.64$31,944
May 2011286,78898.134.40$32,648
Apr 2011566,985105.964.33$36,202
Mar 2011307,48596.364.06$33,260
Feb 2011526,94085.644.18$33,462
Jan 2011257,46286.504.59$36,404
Dec 2010477,43485.734.35$36,350
Nov 2010217,27580.843.80$29,309
Oct 2010417,91578.103.51$30,975
Sep 2010217,43072.633.98$31,093
Aug 2010417,88673.684.42$37,872
Jul 2010197,84572.554.74$38,536
Jun 2010187,41470.364.91$37,672
May 2010408,09971.124.24$37,146
Apr 2010458,71581.694.12$39,605
Mar 2010418,41778.394.39$40,153
Feb 2010428,44673.585.44$49,057
Jan 2010429,45374.365.96$59,502
Dec 20095710,26771.445.48$60,374
Nov 2009698,48874.593.75$36,989
Oct 2009256,35372.544.11$27,926
Sep 2009259,56665.543.06$30,956
Aug 20095410,79867.423.22$38,394
Jul 20094810,10761.133.46$37,950
Jun 20095310,15666.163.90$43,064
May 20094911,80154.743.93$49,010
Apr 2009339,68646.773.59$36,292
Mar 2009559,96442.144.06$42,762
Feb 2009569,82732.814.63$47,366
Jan 20095711,04035.865.37$61,340
Dec 20086712,07437.105.98$74,654
Nov 20087711,05355.496.86$80,100
Oct 20085312,13075.246.92$87,951
Sep 20086710,533101.767.88$89,787
Aug 20084611,746114.228.48$104,896
Jul 20084311,884131.0811.39$140,988
Jun 20087312,287131.3313.03$169,719
May 200813416,938123.1711.57$212,550
Apr 20087311,274110.3110.45$125,921

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            36 bbl  × $106.41 =     $3,831
Gas                2,838 Mcf  × $  3.05 =     $8,644

────────────────────────────────────────────────────
Month total                                  $12,475

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/238976 is the state's own key, not one this site invented.