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ADAMS, W.T.

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

Gas lease lease 277597District 06Field 066485002 tax incentive programmesCondensateGasSaveExport
Value, all time
$16.1 M
May 2015 – May 2026
Value, last 12 filed months
$802 k
at the published price for each month
Months reported
133
no gaps in the span
Streams
2
condensate, gas

The BECKVILLE (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 503 leases and 503 wells, and the rule below applies to all of them.

Discovered
1974-05-21
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 2015-02-24.

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 Gas112015-09-15217237
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
CondensateDisposition31,575 bbl$1,669,350
GasProduction4,647,089 Mcf$14,410,059
Total$16,079,410

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 32.2632, -94.5819. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.26321, -94.58187 · 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
10,395 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 10,395 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-401353302H10,395 ftNov 2015——

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 (133)

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

133 months

May 202614616,125106.413.05$64,650
Apr 20269115,23298.932.87$52,714
Mar 20266316,01689.753.15$56,096
Feb 20266814,72863.503.75$59,553
Jan 20266816,29459.138.00$134,339
Dec 20259416,20356.664.41$76,836
Nov 20255015,13858.593.93$62,368
Oct 20255316,79259.383.30$58,642
Sep 20255717,20262.743.08$56,505
Aug 20257617,65663.933.01$58,087
Jul 20254717,93466.743.32$62,592
Jun 20256517,52166.483.13$59,140
May 20253917,16060.553.23$57,828
Apr 20255018,10262.363.54$67,256
Mar 20255518,50267.704.27$82,696
Feb 20253816,61070.884.34$74,795
Jan 20254519,33774.324.28$86,081
Dec 20244314,78968.993.12$49,129
Nov 20243718,02569.052.20$42,182
Oct 20244618,61671.372.28$45,754
Sep 20243518,49469.612.36$46,163
Aug 20244818,18075.632.06$41,147
Jul 20244619,04979.932.15$44,567
Jun 20243918,14578.082.63$50,839
May 20244620,09378.812.20$47,799
Apr 20244319,16184.451.66$35,423
Mar 20246720,58380.301.55$37,184
Feb 202411419,29576.091.78$43,090
Jan 20244318,97073.023.30$65,696
Dec 20235717,27871.262.61$49,170
Nov 202312817,32877.892.81$58,619
Oct 202310518,02785.443.09$64,626
Sep 20239219,90289.042.74$62,624
Aug 20236720,49480.522.67$60,173
Jul 202311820,69774.852.64$63,510
Jun 20238820,83268.962.26$53,117
May 202313620,61470.622.23$55,520
Apr 20239519,78978.122.24$51,704
Mar 20236321,00572.852.39$54,858
Feb 20235118,42175.112.47$49,251
Jan 20234917,78476.533.39$63,997
Dec 20227921,56576.415.73$129,584
Nov 20229921,47785.005.65$129,678
Oct 20227719,37487.185.86$120,317
Sep 20226321,19584.888.16$178,377
Aug 202212422,37194.529.13$215,904
Jul 202230823,865101.587.54$211,278
Jun 2022021,760115.097.98$173,584
May 202217924,936109.378.43$229,864
Apr 202218224,618104.226.84$187,296
Mar 202218424,362108.885.08$143,705
Feb 202217422,44891.054.86$124,914
Jan 202218726,32981.844.54$134,777
Dec 202119025,79671.323.90$114,133
Nov 2021025,76077.435.24$134,901
Oct 202118026,91279.795.71$168,134
Sep 202118526,34969.865.35$153,915
Aug 2021227,76566.024.22$117,317
Jul 202118926,37170.783.98$118,389
Jun 202118227,73069.493.38$106,392
May 202118228,59263.483.02$97,835
Apr 202117627,76260.362.76$87,203
Mar 202138225,87461.302.72$93,715
Feb 202118424,58157.805.55$147,009
Jan 202118124,86250.412.81$78,993
Dec 202017325,21544.642.68$75,184
Nov 202017126,35838.772.71$77,969
Oct 202031028,14836.972.48$81,224
Sep 202035127,27637.091.99$67,326
Aug 2020027,73439.982.39$66,148
Jul 202017627,74438.371.83$57,389
Jun 202036626,61334.901.69$57,758
May 2020026,29316.921.81$47,715
Apr 202034125,30914.751.80$50,697
Mar 202018027,29530.341.86$56,127
Feb 202019529,64849.881.98$68,450
Jan 202019726,35657.252.09$66,487
Dec 201937028,87359.012.30$88,367
Nov 201918829,70955.302.75$92,117
Oct 201918931,79553.472.42$87,003
Sep 201918731,41955.052.66$93,783
Aug 201936532,95953.112.30$95,335
Jul 201918733,72856.272.46$93,495
Jun 201918332,16752.782.49$89,793
May 201937633,37958.482.74$113,458
Apr 201918933,10262.632.75$102,891
Mar 201936834,85356.803.06$127,626
Feb 201918632,41150.852.79$99,957
Jan 201937736,74546.033.23$135,973
Dec 201836236,61046.594.19$170,095
Nov 201818136,31052.934.24$163,435
Oct 201837338,14361.443.40$152,530
Sep 201817038,66459.543.11$130,290
Aug 201834440,51759.403.07$144,681
Jul 201835541,13765.142.93$143,733
Jun 201837340,28160.183.08$146,389
May 201818542,30965.382.90$134,825
Apr 201836941,94063.842.90$145,217
Mar 201836942,61661.222.79$141,354
Feb 201836339,14261.782.77$130,698
Jan 201836340,58162.874.01$185,524
Dec 201737241,00457.272.92$141,098
Nov 201734840,67755.423.12$146,132
Oct 201737442,81349.292.98$146,175
Sep 201736342,37747.523.09$148,079
Aug 201735144,53145.373.00$149,714
Jul 201737250,89043.873.09$173,431
Jun 201736747,50642.493.09$162,258
May 201736452,27845.373.26$187,119
Apr 201756051,68847.933.21$192,842
Mar 201737553,91446.772.98$178,401
Feb 201755150,21550.452.95$176,063
Jan 201737560,98349.413.42$227,017
Dec 201655558,30448.763.72$244,118
Nov 201637757,71442.492.64$168,635
Oct 201653460,11846.193.09$210,446
Sep 201635960,79441.553.10$203,416
Aug 201654364,67941.442.92$211,645
Jul 201635666,64441.622.92$209,706
Jun 201654366,55645.352.69$203,383
May 201655271,36742.521.99$165,566
Apr 201673977,39936.561.99$181,122
Mar 201636741,56533.011.79$86,683
Feb 201656073,13326.472.06$165,743
Jan 201655681,19527.352.36$207,181
Dec 201573285,75932.362.00$195,326
Nov 201572785,29138.792.17$213,054
Oct 2015545107,79043.552.43$285,296
Sep 2015717111,84342.992.76$339,334
Aug 2015728127,73440.162.87$396,151
Jul 2015899129,72248.152.95$425,329
Jun 2015506107,62456.152.88$338,677
May 2015264,82655.212.96$15,698

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           146 bbl  × $106.41 =    $15,536
Gas               16,125 Mcf  × $  3.05 =    $49,114

────────────────────────────────────────────────────
Month total                                  $64,650

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/277597 is the state's own key, not one this site invented.