CARTHAGE GAS UNIT 17

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 268886District 06Field 160323002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
May 2013 – May 2026
Value, last 12 filed months
$176 k
at the published price for each month
Months reported
157
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 Gas112013-08-09210824
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
CondensateDisposition17,615 bbl$1,255,510
GasProduction1,184,245 Mcf$4,110,208
Total$5,365,718

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 32.0796, -94.4505. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.07962, -94.45045 · 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
11,275 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 11,275 ft.

Completions filed
Oct 2024
1 of 1 wells

1 well

42-36537949911,275 ftOct 2024

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 (157)

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

157 months

May 2026553,786106.413.05$17,384
Apr 2026734,36498.932.87$19,745
Mar 2026604,01789.753.15$18,036
Feb 2026463,83963.503.75$17,318
Jan 2026483,29059.138.00$29,151
Dec 2025342,73856.664.41$14,010
Nov 2025492,48158.593.93$12,612
Oct 2025492,41059.383.30$10,874
Sep 2025242,45962.743.08$9,072
Aug 2025312,29863.933.01$8,910
Jul 2025421,89366.743.32$9,079
Jun 2025372,42166.483.13$10,034
May 2025372,61460.553.23$10,690
Apr 2025482,34562.363.54$11,302
Mar 2025562,73167.704.27$15,448
Feb 2025602,88370.884.34$16,767
Jan 2025553,31574.324.28$18,271
Dec 2024632,34868.993.12$11,675
Nov 2024373,09269.052.20$9,352
Oct 2024152,08471.372.28$5,825
Sep 20243680269.612.36$4,402
Aug 2024272,57675.632.06$7,358
Jul 2024452,83279.932.15$9,676
Jun 2024292,54378.082.63$8,963
May 2024392,40478.812.20$8,359
Apr 2024322,36584.451.66$6,626
Mar 2024422,56980.301.55$7,342
Feb 2024452,58976.091.78$8,042
Jan 2024333,02373.023.30$12,378
Dec 2023312,41871.262.61$8,522
Nov 2023322,48777.892.81$9,475
Oct 2023422,82485.443.09$12,307
Sep 2023352,74389.042.74$10,619
Aug 2023362,87980.522.67$10,594
Jul 2023553,11774.852.64$12,351
Jun 2023433,41468.962.26$10,676
May 2023512,71570.622.23$9,649
Apr 2023423,09378.122.24$10,202
Mar 2023512,78472.852.39$10,378
Feb 2023543,33075.112.47$12,267
Jan 2023392,69776.533.39$12,121
Dec 2022552,67476.415.73$19,522
Nov 2022563,60285.005.65$25,098
Oct 2022543,82887.185.86$27,154
Sep 2022583,34184.888.16$32,198
Aug 2022544,02094.529.13$41,795
Jul 2022484,375101.587.54$37,872
Jun 2022614,822115.097.98$45,487
May 2022734,868109.378.43$49,036
Apr 2022665,373104.226.84$43,617
Mar 2022946,385108.885.08$42,648
Feb 2022825,53391.054.86$34,350
Jan 2022715,35381.844.54$30,101
Dec 2021454,55771.323.90$20,978
Nov 2021724,92977.435.24$31,387
Oct 2021845,52679.795.71$38,277
Sep 2021677,48569.865.35$44,732
Aug 20211037,03866.024.22$36,505
Jul 20212198,43870.783.98$49,102
Jun 2021848,38869.493.38$34,194
May 202119310,27663.483.02$43,261
Apr 202113111,48160.362.76$39,577
Mar 202117110,91761.302.72$40,143
Feb 202116211,07957.805.55$70,829
Jan 20211648,31750.412.81$31,640
Dec 2020998,62344.642.68$27,490
Nov 2020977,70438.772.71$24,612
Oct 2020616,65636.972.48$18,752
Sep 20201037,13537.091.99$18,026
Aug 20201229,27339.982.39$26,995
Jul 2020959,19638.371.83$20,429
Jun 20201167,31634.901.69$16,415
May 2020488,15016.921.81$15,602
Apr 20201535,91514.751.80$12,930
Mar 2020777,02230.341.86$15,371
Feb 20201656,38049.881.98$20,867
Jan 20201347,17457.252.09$22,699
Dec 20192589,94459.012.30$38,139
Nov 20191429,68655.302.75$34,496
Oct 20191249,03953.472.42$28,491
Sep 20191369,35455.052.66$32,343
Aug 20191448,53653.112.30$27,318
Jul 20191276,75056.272.46$23,752
Jun 20191338,06052.782.49$27,099
May 20191178,95758.482.74$31,387
Apr 20191049,15062.632.75$31,682
Mar 2019857,44756.803.06$27,631
Feb 2019845,75650.852.79$20,343
Jan 2019997,51846.033.23$28,826
Dec 2018776,69146.594.19$31,592
Nov 2018786,31152.934.24$30,870
Oct 2018645,99461.443.40$24,300
Sep 2018585,80559.543.11$21,495
Aug 2018574,89059.403.07$18,381
Jul 2018805,33765.142.93$20,859
Jun 2018564,80960.183.08$18,167
May 2018725,91765.382.90$21,871
Apr 2018795,72063.842.90$21,636
Mar 2018846,77961.222.79$24,034
Feb 2018806,17961.782.77$22,034
Jan 2018886,45262.874.01$31,401
Dec 20171056,75757.272.92$25,754
Nov 2017997,12355.423.12$27,699
Oct 20171097,82749.292.98$28,726
Sep 2017815,94747.523.09$22,209
Aug 2017583,99745.373.00$14,640
Jul 2017675,16743.873.09$18,891
Jun 2017494,64242.493.09$16,413
May 20171196,96745.373.26$28,135
Apr 2017826,63347.933.21$25,233
Mar 2017977,49346.772.98$26,893
Feb 2017956,49050.452.95$23,955
Jan 20171027,30549.413.42$30,014
Dec 2016847,85648.763.72$33,342
Nov 2016726,05242.492.64$19,063
Oct 2016625,31446.193.09$19,285
Sep 2016554,44441.553.10$16,064
Aug 2016876,43041.442.92$22,409
Jul 2016716,90041.622.92$23,133
Jun 2016878,80245.352.69$27,586
May 2016918,78342.521.99$21,357
Apr 2016787,55536.561.99$17,894
Mar 2016776,77133.011.79$14,689
Feb 2016917,38226.472.06$17,642
Jan 2016726,68427.352.36$17,773
Dec 2015947,42332.362.00$17,898
Nov 20159213,00138.792.17$31,746
Oct 20154114,85843.552.43$37,840
Sep 2015437,41842.992.76$22,311
Aug 20155414,16940.162.87$42,869
Jul 20156114,23248.152.95$44,852
Jun 20156516,45956.152.88$51,099
May 20154816,41455.212.96$51,161
Apr 201520113,32449.822.71$46,076
Mar 201526315,15342.892.93$55,750
Feb 201526413,95244.662.98$53,314
Jan 201513413,19643.433.10$46,736
Dec 201422014,07254.693.59$62,569
Nov 201411013,85670.464.25$66,664
Oct 2014475,78778.303.90$26,255
Sep 20145111,49986.164.05$50,913
Aug 20146812,32189.394.04$55,795
Jul 20145513,92696.564.18$63,516
Jun 20146913,14398.164.74$69,030
May 201437214,74494.734.73$104,928
Apr 201442513,85295.944.81$107,390
Mar 201455219,76295.895.06$152,864
Feb 201457719,98597.406.19$179,947
Jan 201459527,56890.404.86$187,788
Dec 201370019,02291.824.35$147,105
Nov 201346515,36488.853.74$98,750
Oct 201351814,92597.423.78$106,871
Sep 201355411,898104.113.72$101,911
Aug 20131,02129,179104.253.52$209,225
Jul 2013041,285102.523.72$153,487
Jun 20131119,20794.403.93$76,587
May 20131346,08894.834.15$37,967

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            55 bbl  × $106.41 =     $5,853
Gas                3,786 Mcf  × $  3.05 =    $11,532

────────────────────────────────────────────────────
Month total                                  $17,384

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/268886 is the state's own key, not one this site invented.