JOHN TUBBE

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

Gas lease lease 259704District 06Field 341807502 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.6 M
Aug 2010 – May 2026
Value, last 12 filed months
$119 k
at the published price for each month
Months reported
190
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 25 leases and 25 wells, and the rule below applies to all of them.

Discovered
1984-07-22
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 04/01/2007.

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 Gas112011-06-28202345
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
CondensateDisposition3,201 bbl$216,828
GasProduction686,366 Mcf$2,375,832
Total$2,592,660

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 31.4833, -94.5903. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48332, -94.59028 · 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
11,024 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 11,024 ft.

Completions filed
Dec 2010
1 of 1 wells

1 well

42-34733148111,024 ftDec 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 (190)

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

190 months

May 202603,392106.413.05$10,331
Apr 202602,37698.932.87$6,818
Mar 202602,07089.753.15$6,519
Feb 202602,28663.503.75$8,573
Jan 202612,30659.138.00$18,502
Dec 202502,32656.664.41$10,265
Nov 202503,76158.593.93$14,767
Oct 20250059.383.30$0
Sep 202502,39062.743.08$7,354
Aug 20251542,36563.933.01$16,975
Jul 202502,78866.743.32$9,243
Jun 202503,15466.483.13$9,868
May 202502,99560.553.23$9,681
Apr 202502,37462.363.54$8,411
Mar 202502,80367.704.27$11,964
Feb 202562,15270.884.34$9,767
Jan 202502,69574.324.28$11,531
Dec 202444,90668.993.12$15,589
Nov 20240069.052.20$0
Oct 202405,05771.372.28$11,537
Sep 20240069.612.36$0
Aug 2024224,88975.632.06$11,753
Jul 20240079.932.15$0
Jun 202403,92378.082.63$10,333
May 20240078.812.20$0
Apr 202423,29584.451.66$5,636
Mar 2024145080.301.55$11,644
Feb 202403,41476.091.78$6,089
Jan 202402,05973.023.30$6,790
Dec 202302,54771.262.61$6,650
Nov 202351,89777.892.81$5,715
Oct 202302,16085.443.09$6,669
Sep 202302,50789.042.74$6,857
Aug 202302,62180.522.67$7,006
Jul 202302,91574.852.64$7,701
Jun 202302,05468.962.26$4,639
May 202301,36770.622.23$3,045
Apr 202302,38878.122.24$5,344
Mar 202303,03372.852.39$7,258
Feb 202303,29475.112.47$8,122
Jan 202303,71176.533.39$12,572
Dec 202203,14976.415.73$18,041
Nov 202203,64285.005.65$20,563
Oct 20221693,41887.185.86$34,776
Sep 202223,40584.888.16$27,967
Aug 202202,81994.529.13$25,729
Jul 202213,437101.587.54$26,024
Jun 202203,179115.097.98$25,360
May 202203,189109.378.43$26,893
Apr 202203,522104.226.84$24,082
Mar 202203,421108.885.08$17,366
Feb 202203,44891.054.86$16,753
Jan 202203,12781.844.54$14,189
Dec 202103,72571.323.90$14,524
Nov 202103,77877.435.24$19,785
Oct 202104,36679.795.71$24,947
Sep 202103,86969.865.35$20,703
Aug 202144,52166.024.22$19,345
Jul 202114,46570.783.98$17,851
Jun 202104,22969.493.38$14,297
May 202104,35263.483.02$13,133
Apr 20211453,98660.362.76$19,747
Mar 202104,07461.302.72$11,069
Feb 202103,03257.805.55$16,821
Jan 202104,35050.412.81$12,225
Dec 202004,36544.642.68$11,678
Nov 202003,77638.772.71$10,220
Oct 202004,02536.972.48$9,976
Sep 202003,58437.091.99$7,136
Aug 202014,08239.982.39$9,776
Jul 202004,13138.371.83$7,540
Jun 202005,08634.901.69$8,597
May 202003,55816.921.81$6,457
Apr 202065,25714.751.80$9,574
Mar 20201725,96930.341.86$16,298
Feb 202015,33549.881.98$10,617
Jan 202015,70357.252.09$12,004
Dec 201936,21859.012.30$14,506
Nov 201916,16055.302.75$17,000
Oct 201916,16553.472.42$14,964
Sep 2019136,84355.052.66$18,899
Aug 201904,57653.112.30$10,545
Jul 201905,33556.272.46$13,124
Jun 201924,15852.782.49$10,464
May 201936,05158.482.74$16,757
Apr 20191775,36662.632.75$25,846
Mar 201926,38656.803.06$19,668
Feb 201905,68350.852.79$15,868
Jan 201926,90446.033.23$22,379
Dec 201805,53546.594.19$23,166
Nov 201804,01252.934.24$17,000
Oct 201803,25261.443.40$11,051
Sep 201802,98959.543.11$9,290
Aug 201803,03559.403.07$9,307
Jul 201803,58965.142.93$10,523
Jun 201803,09660.183.08$9,526
May 20181713,22365.382.90$20,529
Apr 201803,20963.842.90$9,309
Mar 201802,97361.222.79$8,285
Feb 201803,44261.782.77$9,521
Jan 201803,60362.874.01$14,446
Dec 201703,62657.272.92$10,593
Nov 201703,60055.423.12$11,226
Oct 201703,59649.292.98$10,729
Sep 201704,22347.523.09$13,038
Aug 201703,75745.373.00$11,288
Jul 201703,68143.873.09$11,364
Jun 201703,75742.493.09$11,599
May 20171643,77945.373.26$19,773
Apr 201703,73647.933.21$11,999
Mar 201703,75346.772.98$11,198
Feb 201703,34950.452.95$9,888
Jan 201703,59949.413.42$12,304
Dec 201603,80848.763.72$14,177
Nov 201603,57642.492.64$9,456
Oct 201603,77346.193.09$11,660
Sep 201603,71841.553.10$11,528
Aug 201603,60541.442.92$10,542
Jul 20161583,91841.622.92$18,034
Jun 201603,52245.352.69$9,459
May 201633,43642.521.99$6,969
Apr 201603,57136.561.99$7,110
Mar 201623,48833.011.79$6,324
Feb 201633,29826.472.06$6,885
Jan 201644,08227.352.36$9,761
Dec 201533,80332.362.00$7,708
Nov 201523,97538.792.17$8,693
Oct 20151872,91043.552.43$15,205
Sep 201543,79142.992.76$10,629
Aug 201534,06640.162.87$11,800
Jul 201504,00748.152.95$11,801
Jun 201523,81456.152.88$11,108
May 201524,15755.212.96$12,396
Apr 201503,29649.822.71$8,921
Mar 201513,52842.892.93$10,397
Feb 201533,64644.662.98$10,985
Jan 201554,38043.433.10$13,798
Dec 20141113,62054.693.59$19,071
Nov 201444,10370.464.25$17,727
Oct 20141784,37678.303.90$31,008
Sep 201423,34986.164.05$13,721
Aug 201424,23189.394.04$17,251
Jul 201414,44996.564.18$18,692
Jun 201444,51898.164.74$21,794
May 201444,49894.734.73$21,639
Apr 201434,66295.944.81$22,708
Mar 20141803,95395.895.06$37,250
Feb 201464,47997.406.19$28,318
Jan 201494,51190.404.86$22,740
Dec 201304,98591.824.35$21,707
Nov 201324,53988.853.74$17,146
Oct 201304,66897.423.78$17,642
Sep 201303,993104.113.72$14,845
Aug 201305,346104.253.52$18,832
Jul 201304,864102.523.72$18,083
Jun 201325,07094.403.93$20,131
May 201305,01194.834.15$20,791
Apr 20131505,20793.964.28$36,393
Mar 201305,81793.623.91$22,761
Feb 201315,71891.233.42$19,646
Jan 201305,19391.603.42$17,760
Dec 201226,51886.773.42$22,466
Nov 201215,51486.953.62$20,075
Oct 201215,49189.383.40$18,757
Sep 201215,42494.672.92$15,924
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 201111096.364.06$1,060
Feb 20110085.644.18$0
Jan 2011179086.504.59$15,484
Dec 20100085.734.35$0
Nov 2010012,18180.843.80$46,231
Oct 20101789,21878.103.51$46,247
Sep 201036225,80672.633.98$128,986
Aug 20104415,98373.684.42$73,877

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                3,392 Mcf  × $  3.05 =    $10,331

────────────────────────────────────────────────────
Month total                                  $10,331

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/259704 is the state's own key, not one this site invented.