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LOFTIS

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 245985District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.2 M
Jul 2008 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
215
no gaps in the span
Streams
2
condensate, gas

The OAK HILL (COTTON VALLEY) field

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 Gas112009-04-22190763
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
CondensateDisposition2,923 bbl$205,584
GasProduction723,523 Mcf$2,990,724
Total$3,196,308

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 32.4588, -94.6002. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45876, -94.60020 · 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
12,679 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 12,679 ft.

Completions filed
Jul 2008
1 of 1 wells

1 well

42-20333935412,679 ftJul 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 (215)

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

215 months

May 20260144106.413.05$439
Apr 202609298.932.87$264
Mar 2026019189.753.15$602
Feb 2026017263.503.75$645
Jan 2026023259.138.00$1,856
Dec 2025016956.664.41$746
Nov 2025014658.593.93$573
Oct 2025020459.383.30$674
Sep 2025025562.743.08$785
Aug 2025022763.933.01$684
Jul 2025026266.743.32$869
Jun 2025042766.483.13$1,336
May 2025042860.553.23$1,383
Apr 2025036562.363.54$1,293
Mar 2025043067.704.27$1,835
Feb 2025042170.884.34$1,827
Jan 2025063074.324.28$2,696
Dec 2024025768.993.12$802
Nov 2024060269.052.20$1,323
Oct 2024020071.372.28$456
Sep 2024050969.612.36$1,203
Aug 2024049875.632.06$1,028
Jul 2024043079.932.15$923
Jun 202401,05178.082.63$2,768
May 20240078.812.20$0
Apr 2024024584.451.66$407
Mar 2024053680.301.55$828
Feb 2024048276.091.78$860
Jan 2024065673.023.30$2,163
Dec 2023140771.262.61$1,134
Nov 2023454677.892.81$1,844
Oct 2023547985.443.09$1,906
Sep 20231361689.042.74$2,842
Aug 2023969980.522.67$2,593
Jul 20231363174.852.64$2,640
Jun 2023765668.962.26$1,964
May 20232379270.622.23$3,388
Apr 20231774778.122.24$3,000
Mar 2023975572.852.39$2,462
Feb 20231770675.112.47$3,018
Jan 2023684976.533.39$3,335
Dec 2022287276.415.73$5,149
Nov 2022696985.005.65$5,981
Oct 202251,02987.185.86$6,470
Sep 202271,12884.888.16$9,803
Aug 202241,17894.529.13$11,130
Jul 2022121,245101.587.54$10,609
Jun 2022211,655115.097.98$15,619
May 2022171,196109.378.43$11,945
Apr 202241,295104.226.84$9,272
Mar 2022221,517108.885.08$10,096
Feb 2022111,47091.054.86$8,144
Jan 2022191,99181.844.54$10,589
Dec 2021222,03971.323.90$9,519
Nov 2021292,01577.435.24$12,798
Oct 202102,10279.795.71$12,011
Sep 202182,10369.865.35$11,812
Aug 2021262,22966.024.22$11,124
Jul 2021172,22570.783.98$10,063
Jun 2021172,18169.493.38$8,554
May 2021122,17663.483.02$7,328
Apr 2021242,11460.362.76$7,280
Mar 2021141,97961.302.72$6,235
Feb 2021121,92557.805.55$11,373
Jan 2021272,12850.412.81$7,341
Dec 2020182,17444.642.68$6,620
Nov 202002,28038.772.71$6,171
Oct 202002,00636.972.48$4,972
Sep 202002,11337.091.99$4,207
Aug 202002,32639.982.39$5,548
Jul 202002,22538.371.83$4,061
Jun 202002,36034.901.69$3,989
May 202002,46816.921.81$4,479
Apr 202002,34914.751.80$4,238
Mar 202002,26930.341.86$4,212
Feb 202001,98749.881.98$3,936
Jan 202002,42357.252.09$5,076
Dec 201902,45359.012.30$5,653
Nov 201902,42755.302.75$6,676
Oct 201902,50453.472.42$6,056
Sep 201902,41255.052.66$6,409
Aug 201902,51453.112.30$5,793
Jul 201902,49256.272.46$6,130
Jun 201902,32652.782.49$5,795
May 2019152,29758.482.74$7,172
Apr 201962,12462.632.75$6,218
Mar 2019142,29856.803.06$7,832
Feb 201992,10350.852.79$6,330
Jan 2019112,40046.033.23$8,254
Dec 2018182,43746.594.19$11,039
Nov 2018102,18452.934.24$9,783
Oct 201892,46061.443.40$8,912
Sep 2018122,40359.543.11$8,183
Aug 2018142,48859.403.07$8,461
Jul 2018132,47665.142.93$8,106
Jun 2018102,44060.183.08$8,109
May 2018122,60765.382.90$8,347
Apr 201872,59363.842.90$7,969
Mar 201892,64061.222.79$7,908
Feb 201892,38661.782.77$7,156
Jan 201882,24262.874.01$9,492
Dec 201772,53057.272.92$7,792
Nov 201772,53255.423.12$8,284
Oct 2017152,57749.292.98$8,428
Sep 201772,43947.523.09$7,863
Aug 201782,56345.373.00$8,063
Jul 2017132,58343.873.09$8,545
Jun 2017112,57942.493.09$8,429
May 2017112,71545.373.26$9,359
Apr 2017122,70647.933.21$9,266
Mar 2017152,84246.772.98$9,181
Feb 201702,51150.452.95$7,414
Jan 2017232,96849.413.42$11,283
Dec 2016182,96048.763.72$11,897
Nov 201602,92342.492.64$7,729
Oct 2016183,02046.193.09$10,164
Sep 2016152,89641.553.10$9,603
Aug 2016183,07841.442.92$9,747
Jul 2016152,97241.622.92$9,315
Jun 2016172,96845.352.69$8,742
May 2016202,99942.521.99$6,822
Apr 2016223,03036.561.99$6,837
Mar 2016193,12433.011.79$6,232
Feb 2016262,99226.472.06$6,863
Jan 2016253,16527.352.36$8,167
Dec 2015243,20732.362.00$7,195
Nov 2015233,03938.792.17$7,479
Oct 2015273,38443.552.43$9,387
Sep 2015223,34342.992.76$10,167
Aug 2015213,24240.162.87$10,156
Jul 2015213,90248.152.95$12,503
Jun 2015181,61456.152.88$5,664
May 2015203,38955.212.96$11,120
Apr 2015213,12949.822.71$9,515
Mar 2015223,23342.892.93$10,432
Feb 2015212,94344.662.98$9,697
Jan 2015213,22443.433.10$10,908
Dec 2014273,28654.693.59$13,278
Nov 2014233,26370.464.25$15,494
Oct 2014143,42378.303.90$14,449
Sep 2014173,34786.164.05$15,005
Aug 2014173,37889.394.04$15,150
Jul 2014183,44496.564.18$16,133
Jun 2014173,40198.164.74$17,779
May 2014153,58494.734.73$18,361
Apr 2014153,62595.944.81$18,872
Mar 2014163,15495.895.06$17,483
Feb 2014153,33197.406.19$22,087
Jan 2014183,68490.404.86$19,534
Dec 2013193,77991.824.35$18,200
Nov 2013133,62088.853.74$14,688
Oct 2013163,73097.423.78$15,656
Sep 2013203,804104.113.72$16,224
Aug 2013214,007104.253.52$16,304
Jul 2013254,033102.523.72$17,557
Jun 2013193,94094.403.93$17,291
May 2013224,15194.834.15$19,309
Apr 2013194,12893.964.28$19,464
Mar 2013184,35493.623.91$18,722
Feb 2013173,93091.233.42$14,991
Jan 2013214,49691.603.42$17,300
Dec 2012224,48486.773.42$17,245
Nov 2012224,38986.953.62$17,823
Oct 2012234,51189.383.40$17,392
Sep 2012184,42794.672.92$14,624
Aug 2012214,64892.662.91$15,463
Jul 2012224,66485.133.02$15,962
Jun 2012214,52279.822.52$13,067
May 2012204,66591.612.49$13,440
Apr 201244,308101.652.00$9,009
Mar 2012143,936105.052.22$10,217
Feb 2012134,211101.102.57$12,138
Jan 2012154,57398.092.73$13,974
Dec 2011134,65096.873.24$16,324
Nov 2011114,96695.723.31$17,497
Oct 201185,04584.983.65$19,087
Sep 201195,02383.623.99$20,773
Aug 201195,21883.404.15$22,402
Jul 201185,18194.144.52$24,157
Jun 201195,32492.904.64$25,539
May 2011105,63398.134.40$25,794
Apr 2011105,489105.964.33$24,845
Mar 2011105,70996.364.06$24,127
Feb 2011115,40985.644.18$23,552
Jan 2011126,08086.504.59$28,938
Dec 2010136,09685.734.35$27,618
Nov 2010136,09580.843.80$24,183
Oct 2010136,47278.103.51$23,725
Sep 2010156,51572.633.98$27,016
Aug 2010136,06973.684.42$27,779
Jul 2010136,64372.554.74$32,408
Jun 201006,72770.364.91$33,032
May 201007,17571.124.24$30,388
Apr 201006,96481.694.12$28,710
Mar 2010177,39278.394.39$33,774
Feb 2010176,89373.585.44$38,765
Jan 2010177,67074.365.96$47,009
Dec 2009217,70271.445.48$43,736
Nov 2009237,77474.593.75$30,880
Oct 2009228,27072.544.11$35,588
Sep 2009248,26065.543.06$26,888
Aug 2009288,86767.423.22$30,426
Jul 2009239,24561.133.46$33,435
Jun 2009269,25666.163.90$37,772
May 2009429,63554.743.93$40,124
Apr 2009469,57146.773.59$36,487
Mar 20095010,14142.144.06$43,269
Feb 2009459,95232.814.63$47,584
Jan 20095611,39335.865.37$63,200
Dec 20085011,70937.105.98$71,841
Nov 20084511,86555.496.86$83,895
Oct 20086813,06475.246.92$95,545
Sep 20085713,632101.767.88$113,181
Aug 20087115,418114.228.48$138,901
Jul 20084912,189131.0811.39$145,249

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                  144 Mcf  × $  3.05 =       $439

────────────────────────────────────────────────────
Month total                                     $439

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/245985 is the state's own key, not one this site invented.