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GARRETT HEIRS-GARRETT E

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

Gas lease lease 285947District 06Field 953691602 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.2 M
Jan 2019 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
89
no gaps in the span
Streams
2
condensate, gas

The WASKOM (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 473 leases and 477 wells, and the rule below applies to all of them.

Discovered
1955-09-19
as the register files it
Field class
Oil and 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 40 acres. The field rule took effect on 2012-11-06.

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 Gas112019-07-23223829
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
CondensateDisposition13,916 bbl$882,704
GasProduction2,757,533 Mcf$9,348,801
Total$10,231,506

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 32.4529, -94.1983. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45292, -94.19827 · 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
9,711 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 9,711 ft.

Completions filed
Dec 2019
1 of 1 wells

1 well

42-203352811H9,711 ftDec 2019——

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 (89)

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

89 months

May 202614924,350106.413.05$90,021
Apr 202615023,42598.932.87$82,063
Mar 2026024,63189.753.15$77,574
Feb 202615422,98663.503.75$95,984
Jan 2026023,37259.138.00$186,927
Dec 202513724,22156.664.41$114,658
Nov 202516223,34058.593.93$101,135
Oct 202516123,58259.383.30$87,495
Sep 2025019,24962.743.08$59,228
Aug 202514623,57263.933.01$80,398
Jul 2025123,22566.743.32$77,062
Jun 202514121,65066.483.13$77,110
May 2025022,59260.553.23$73,025
Apr 202511422,95162.363.54$88,427
Mar 202511623,52567.704.27$108,265
Feb 202511721,35570.884.34$100,992
Jan 202512625,55974.324.28$118,723
Dec 202410526,41168.993.12$89,682
Nov 2024021,27369.052.20$46,767
Oct 20247724,12971.372.28$60,543
Sep 202410621,11069.612.36$57,290
Aug 202414024,11075.632.06$60,342
Jul 202413226,02979.932.15$66,424
Jun 202415435,94478.082.63$106,700
May 20240078.812.20$0
Apr 2024015,55184.451.66$25,802
Mar 202415226,49480.301.55$53,142
Feb 202417224,42276.091.78$56,648
Jan 202418226,82973.023.30$101,763
Dec 202318025,06671.262.61$78,267
Nov 202315426,22377.892.81$85,618
Oct 2023027,65185.443.09$85,366
Sep 202315227,30889.042.74$88,223
Aug 202315226,41380.522.67$82,838
Jul 2023026,70374.852.64$70,544
Jun 202313727,16168.962.26$70,790
May 202314628,19370.622.23$73,108
Apr 202316028,26078.122.24$75,738
Mar 202315829,88372.852.39$83,025
Feb 202316527,73575.112.47$80,779
Jan 202313624,27976.533.39$92,659
Dec 202216425,78076.415.73$160,227
Nov 2022029,65685.005.65$167,444
Oct 202216630,03287.185.86$190,572
Sep 202215530,09484.888.16$258,834
Aug 2022031,18094.529.13$284,585
Jul 202214429,425101.587.54$236,553
Jun 202215029,540115.097.98$252,910
May 2022032,633109.378.43$275,195
Apr 202213829,800104.226.84$218,143
Mar 202216430,425108.885.08$172,306
Feb 202214928,16191.054.86$150,396
Jan 202214730,63381.844.54$151,033
Dec 202114831,27871.323.90$132,512
Nov 202114925,15077.435.24$143,244
Oct 202114224,89479.795.71$153,571
Sep 202115423,32969.865.35$135,590
Aug 202115523,79966.024.22$110,679
Jul 202114537,87170.783.98$161,068
Jun 202128427,52169.493.38$112,773
May 202114924,24963.483.02$82,634
Apr 202113625,39260.362.76$78,251
Mar 202128326,02661.302.72$88,059
Feb 2021027,22557.805.55$151,043
Jan 202124328,51150.412.81$92,373
Dec 202029428,78244.642.68$90,129
Nov 202015631,94538.772.71$92,510
Oct 202016933,97436.972.48$90,450
Sep 202015332,91237.091.99$71,204
Aug 202031835,95439.982.39$98,468
Jul 202017036,31538.371.83$72,802
Jun 202031136,66834.901.69$72,834
May 2020338,67916.921.81$70,243
Apr 202025838,12514.751.80$72,597
Mar 202033139,66430.341.86$83,668
Feb 202032838,69849.881.98$93,009
Jan 202031942,95057.252.09$108,232
Dec 201914938,61159.012.30$97,766
Nov 201929237,71155.302.75$119,879
Oct 201934341,37253.472.42$118,400
Sep 201916744,45055.052.66$127,309
Aug 201934148,35153.112.30$129,529
Jul 201932350,68656.272.46$142,866
Jun 201915253,91752.782.49$142,341
May 201931858,88858.482.74$179,969
Apr 201934158,94662.632.75$183,500
Mar 201938570,60556.803.06$238,068
Feb 201947572,77550.852.79$227,358
Jan 20192173,18946.033.23$237,234

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           149 bbl  × $106.41 =    $15,855
Gas               24,350 Mcf  × $  3.05 =    $74,166

────────────────────────────────────────────────────
Month total                                  $90,021

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/285947 is the state's own key, not one this site invented.