PATZAKIS

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the CARTHAGE (HAYNESVILLE SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 254418District 06Field 160323002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.0 M
Sep 2009 – May 2026
Value, last 12 filed months
$164 k
at the published price for each month
Months reported
201
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 2,565 leases and 2,565 wells, and the rule below applies to all of them.

Discovered
2009-12-15
as the register files it
Field class
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 20 acres. The field rule took effect on 2013-01-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112010-02-23197211
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
CondensateDisposition2,370 bbl$175,294
GasProduction1,622,803 Mcf$5,828,638
Total$6,003,932

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 31.5622, -94.3877. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.56219, -94.38774 · 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
13,560 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 13,560 ft.

Completions filed
Nov 2010
1 of 1 wells

1 well

42-34733086113,560 ftNov 2010

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 (201)

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

201 months

May 202603,578106.413.05$10,898
Apr 202613,46098.932.87$10,028
Mar 202603,72489.753.15$11,729
Feb 202603,51463.503.75$13,179
Jan 202603,73759.138.00$29,888
Dec 202503,80756.664.41$16,802
Nov 202503,66658.593.93$14,394
Oct 202513,80359.383.30$12,628
Sep 202503,57162.743.08$10,988
Aug 202513,79263.933.01$11,496
Jul 202503,43966.743.32$11,401
Jun 202503,25466.483.13$10,181
May 202503,51660.553.23$11,365
Apr 202503,36162.363.54$11,908
Mar 202503,53667.704.27$15,093
Feb 2025143,37470.884.34$15,638
Jan 202503,29374.324.28$14,090
Dec 202463,43368.993.12$11,130
Nov 202403,02769.052.20$6,655
Oct 202403,09571.372.28$7,061
Sep 202403,13369.612.36$7,408
Aug 2024723,89875.632.06$13,489
Jul 202405,00979.932.15$10,752
Jun 202405,24178.082.63$13,805
May 202406,47178.812.20$14,226
Apr 202407,48684.451.66$12,421
Mar 202479,24080.301.55$14,839
Feb 202404,93276.091.78$8,797
Jan 202405,01373.023.30$16,531
Dec 202304,49671.262.61$11,738
Nov 202374,40477.892.81$12,910
Oct 202304,33285.443.09$13,374
Sep 202304,32189.042.74$11,818
Aug 202304,58580.522.67$12,255
Jul 202304,44774.852.64$11,748
Jun 202304,53468.962.26$10,240
May 20231624,72670.622.23$21,967
Apr 202304,55678.122.24$10,195
Mar 202304,77572.852.39$11,427
Feb 202304,75375.112.47$11,719
Jan 202354,44776.533.39$15,448
Dec 202205,26876.415.73$30,181
Nov 202204,97485.005.65$28,084
Oct 202225,40987.185.86$31,891
Sep 202225,35284.888.16$43,862
Aug 202204,17194.529.13$38,069
Jul 202225,466101.587.54$41,428
Jun 202205,326115.097.98$42,487
May 202205,074109.378.43$42,789
Apr 202205,295104.226.84$36,205
Mar 202205,740108.885.08$29,139
Feb 202205,19891.054.86$25,256
Jan 202215,95481.844.54$27,099
Dec 202106,09771.323.90$23,773
Nov 202105,93677.435.24$31,086
Oct 202106,07679.795.71$34,717
Sep 202104,78869.865.35$25,620
Aug 202166,26466.024.22$26,834
Jul 202116,40270.783.98$25,564
Jun 202106,31069.493.38$21,332
May 202106,45963.483.02$19,491
Apr 202106,22860.362.76$17,179
Mar 202106,45561.302.72$17,538
Feb 202105,41957.805.55$30,064
Jan 202107,02250.412.81$19,734
Dec 202007,07544.642.68$18,929
Nov 202007,23938.772.71$19,593
Oct 202007,64936.972.48$18,958
Sep 202006,82437.091.99$13,587
Aug 202017,00539.982.39$16,748
Jul 202008,19338.371.83$14,953
Jun 202008,86934.901.69$14,991
May 202005,31816.921.81$9,651
Apr 2020869,45114.751.80$18,322
Mar 2020010,97130.341.86$20,365
Feb 202019,00649.881.98$17,888
Jan 202017,45057.252.09$15,663
Dec 201937,50059.012.30$17,460
Nov 201916,45355.302.75$17,806
Oct 201926,97753.472.42$16,981
Sep 2019136,84455.052.66$18,902
Aug 201904,69353.112.30$10,814
Jul 201909,35856.272.46$23,021
Jun 201907,13152.782.49$17,765
May 201909,40658.482.74$25,775
Apr 201908,98662.632.75$24,718
Mar 201909,20156.803.06$28,174
Feb 201907,81050.852.79$21,807
Jan 201908,91346.033.23$28,773
Dec 201809,22046.594.19$38,590
Nov 201809,21052.934.24$39,025
Oct 201809,64861.443.40$32,785
Sep 201809,66859.543.11$30,048
Aug 2018010,33659.403.07$31,696
Jul 20189010,33165.142.93$36,152
Jun 2018010,15460.183.08$31,243
May 2018010,77365.382.90$31,250
Apr 2018010,66063.842.90$30,923
Mar 2018011,20261.222.79$31,218
Feb 2018010,89761.782.77$30,142
Jan 2018011,46262.874.01$45,955
Dec 2017012,55157.272.92$36,668
Nov 2017013,34355.423.12$41,608
Oct 2017014,73549.292.98$43,965
Sep 2017015,48347.523.09$47,800
Aug 2017016,66345.373.00$50,062
Jul 2017017,67743.873.09$54,574
Jun 2017018,22642.493.09$56,269
May 201717218,69545.373.26$68,813
Apr 201707,18347.933.21$23,069
Mar 201704,90646.772.98$14,638
Feb 201704,45750.452.95$13,160
Jan 201705,09949.413.42$17,432
Dec 201605,24648.763.72$19,530
Nov 201625,34142.492.64$14,208
Oct 201606,11046.193.09$18,881
Sep 201605,21541.553.10$16,170
Aug 201605,86041.442.92$17,137
Jul 201605,46741.622.92$15,987
Jun 201604,58945.352.69$12,325
May 201645,26142.521.99$10,645
Apr 201674,78836.561.99$9,789
Mar 201625,94733.011.79$10,735
Feb 201665,55226.472.06$11,616
Jan 201666,08127.352.36$14,542
Dec 201556,26632.362.00$12,703
Nov 201546,20838.792.17$13,610
Oct 20151826,47843.552.43$23,645
Sep 201566,46542.992.76$18,091
Aug 201566,82140.162.87$19,834
Jul 201546,77148.152.95$20,134
Jun 201556,67756.152.88$19,530
May 201546,80155.212.96$20,321
Apr 201536,80149.822.71$18,557
Mar 201507,37142.892.93$21,632
Feb 201546,58744.662.98$19,783
Jan 201567,53243.433.10$23,615
Dec 20141327,73454.693.59$34,995
Nov 2014107,42770.464.25$32,283
Oct 201467,99478.303.90$31,654
Sep 201477,65886.164.05$31,583
Aug 201457,89689.394.04$32,308
Jul 201487,98396.564.18$34,138
Jun 201497,54498.164.74$36,618
May 201478,39494.734.73$40,338
Apr 2014118,20895.944.81$40,529
Mar 201478,48295.895.06$43,563
Feb 201498,02197.406.19$50,543
Jan 2014168,73990.404.86$43,924
Dec 20131619,61891.824.35$56,664
Nov 201348,42188.853.74$31,835
Oct 201339,73297.423.78$37,073
Sep 201329,325104.113.72$34,876
Aug 2013010,163104.253.52$35,800
Jul 2013010,156102.523.72$37,757
Jun 201319910,47194.403.93$59,972
May 201317311,20894.834.15$62,908
Apr 2013410,73593.964.28$46,349
Mar 2013011,35293.623.91$44,419
Feb 2013010,99391.233.42$37,595
Jan 2013012,22391.603.42$41,802
Dec 201259,90886.773.42$34,321
Nov 201259,97186.953.62$36,579
Oct 201229,88489.383.40$33,781
Sep 201239,96594.672.92$29,366
Aug 2012810,56592.662.91$31,466
Jul 20121011,04185.133.02$34,204
Jun 20121510,34879.822.52$27,264
May 2012011,49291.612.49$28,596
Apr 20121711,090101.652.00$23,873
Mar 201218212,159105.052.22$46,137
Feb 20121012,617101.102.57$33,440
Jan 2012613,57598.092.73$37,704
Dec 20111012,61696.873.24$41,841
Nov 2011612,54595.723.31$42,114
Oct 201116013,92184.983.65$64,388
Sep 2011613,90083.623.99$55,904
Aug 2011915,31083.404.15$64,277
Jul 2011514,92094.144.52$67,868
Jun 2011915,29292.904.64$71,789
May 2011815,88498.134.40$70,751
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010316,31671.124.24$69,315
Apr 2010118,41481.694.12$75,997
Mar 2010523,64078.394.39$104,140
Feb 20101728,45473.585.44$156,108
Jan 20101641,73374.365.96$250,089
Dec 20093261,71971.445.48$340,738
Nov 20099523,82674.593.75$96,469
Oct 20092918,32672.544.11$77,428
Sep 200974,29765.543.06$13,628

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                3,578 Mcf  × $  3.05 =    $10,898

────────────────────────────────────────────────────
Month total                                  $10,898

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/254418 is the state's own key, not one this site invented.