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BURNS

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

Gas lease lease 284859District 06Field 67849150CondensateGasSave
Value, all time
$11.2 M
May 2018 – May 2026
Value, last 12 filed months
$585 k
at the published price for each month
Months reported
97
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition53,600 bbl$3,373,344
GasProduction2,385,775 Mcf$7,858,544
Total$11,231,888

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 32.1466, -95.0598. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.14664, -95.05984 · 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
11,495 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 11,495 ft.

Completions filed
Dec 2022
1 of 1 wells

1 well

42-073315653HR11,495 ftDec 2022——

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 (97)

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

97 months

May 20262497,993106.413.05$50,841
Apr 20261798,09398.932.87$40,933
Mar 20262118,59289.753.15$45,997
Feb 20261638,19963.503.75$41,099
Jan 202624210,82659.138.00$100,895
Dec 2025695,81556.664.41$29,573
Nov 20251849,19658.593.93$46,888
Oct 20252649,79659.383.30$48,051
Sep 20252269,22362.743.08$42,558
Aug 20252819,48063.933.01$46,544
Jul 202514710,99366.743.32$46,255
Jun 202515811,22466.483.13$45,621
May 20251528,29360.553.23$36,009
Apr 202521110,93662.363.54$51,906
Mar 202517011,77867.704.27$61,781
Feb 2025644,88070.884.34$25,720
Jan 20251668,60174.324.28$49,138
Dec 20242009,55368.993.12$43,616
Nov 20241739,70469.052.20$33,279
Oct 202418410,29971.372.28$36,628
Sep 202419810,19569.612.36$37,887
Aug 202415910,57375.632.06$33,844
Jul 202426411,02179.932.15$44,759
Jun 202422210,95078.082.63$46,176
May 202424011,42178.812.20$44,023
Apr 202424611,46384.451.66$39,794
Mar 202425412,16480.301.55$39,191
Feb 202428510,39376.091.78$40,223
Jan 202439612,72173.023.30$70,865
Dec 202338212,76871.262.61$60,555
Nov 202339813,08177.892.81$67,726
Oct 20232749,92285.443.09$54,043
Sep 202331711,88289.042.74$60,723
Aug 202338513,39980.522.67$66,814
Jul 202334415,74074.852.64$67,330
Jun 202334421,28368.962.26$71,789
May 202363070.622.23$4,449
Apr 20233179,83078.122.24$46,761
Mar 202349314,90472.852.39$71,583
Feb 202335913,99275.112.47$61,464
Jan 202327211,23376.533.39$58,870
Dec 202239611,42476.415.73$95,707
Nov 202237513,89985.005.65$110,352
Oct 202246214,23187.185.86$123,724
Sep 202236415,69784.888.16$159,042
Aug 202238913,58494.529.13$160,752
Jul 202244317,311101.587.54$175,561
Jun 202242918,864115.097.98$199,856
May 202252717,774109.378.43$207,527
Apr 202252117,804104.226.84$176,035
Mar 202250220,583108.885.08$159,145
Feb 202258818,56791.054.86$143,751
Jan 202261621,01581.844.54$145,773
Dec 202157320,65371.323.90$121,395
Nov 202158721,03177.435.24$155,588
Oct 202152321,32079.795.71$163,550
Sep 202149419,55869.865.35$139,164
Aug 202139219,35666.024.22$107,574
Jul 202141018,80570.783.98$103,903
Jun 202136318,80569.493.38$88,797
May 202142421,48863.483.02$91,759
Apr 202146321,25260.362.76$86,569
Mar 202145922,65561.302.72$89,689
Feb 202134515,48457.805.55$105,845
Jan 202146822,72850.412.81$87,464
Dec 202051324,02844.642.68$87,186
Nov 202049524,25638.772.71$84,842
Oct 202055125,03436.972.48$82,415
Sep 202048424,95637.091.99$67,640
Aug 202058426,31739.982.39$86,117
Jul 202064321,35138.371.83$63,640
Jun 202063424,41734.901.69$63,399
May 202057628,31116.921.81$61,123
Apr 202079728,59514.751.80$63,352
Mar 202088631,15530.341.86$84,712
Feb 202076229,66449.881.98$96,763
Jan 202097832,94257.252.09$124,995
Dec 201987934,39859.012.30$131,135
Nov 201964834,05055.302.75$129,496
Oct 201976239,29253.472.42$135,773
Sep 201940440,25555.052.66$129,209
Aug 201946441,93153.112.30$121,267
Jul 201981045,05956.272.46$156,427
Jun 201984545,96952.782.49$159,117
May 201975349,84358.482.74$180,621
Apr 20191,04052,29762.632.75$208,989
Mar 20191,32156,86956.803.06$249,171
Feb 20191,02354,76950.852.79$204,947
Jan 201971260,84446.033.23$229,189
Dec 201859666,48446.594.19$306,032
Nov 20181,44575,51152.934.24$396,442
Oct 20181,77777,34261.443.40$371,993
Sep 20182,40777,34059.543.11$383,686
Aug 20182,70194,84059.403.07$451,272
Jul 20183,702110,73765.142.93$565,816
Jun 20182,176116,65260.183.08$489,881
May 201821413,97065.382.90$54,516

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           249 bbl  × $106.41 =    $26,496
Gas                7,993 Mcf  × $  3.05 =    $24,345

────────────────────────────────────────────────────
Month total                                  $50,841

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/284859 is the state's own key, not one this site invented.