STERRETT UNIT

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

Gas lease lease 83239District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
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 2011-02-08.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas112002-02-27146472
NGPA2none

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
CondensateDisposition14,202 bbl$1,023,703
GasProduction395,162 Mcf$1,354,942
Total$2,378,644

107,736 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.2791, -94.3922. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.27906, -94.39223 · 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
10,120 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 10,120 ft.

Completions filed
Sep 1990
1 of 1 wells

1 well

42-36530918210,120 ftSep 1990

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 201901552.782.49$37
May 201901158.482.74$30
Apr 2019022462.632.75$616
Mar 2019056256.803.06$1,721
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 2018039846.594.19$1,666
Nov 2018047352.934.24$2,004
Oct 2018043961.443.40$1,492
Sep 2018044459.543.11$1,380
Aug 2018050159.403.07$1,536
Jul 2018044065.142.93$1,290
Jun 2018048560.183.08$1,492
May 2018058865.382.90$1,706
Apr 2018043063.842.90$1,247
Mar 2018045561.222.79$1,268
Feb 2018041661.782.77$1,151
Jan 20181040162.874.01$2,236
Dec 2017051057.272.92$1,490
Nov 2017037355.423.12$1,163
Oct 2017053949.292.98$1,608
Sep 2017047547.523.09$1,466
Aug 2017045845.373.00$1,376
Jul 2017055243.873.09$1,704
Jun 2017089142.493.09$2,751
May 2017097145.373.26$3,169
Apr 2017571847.933.21$2,546
Mar 2017121,16946.772.98$4,049
Feb 2017151,01750.452.95$3,760
Jan 20171149149.413.42$2,222
Dec 20161244648.763.72$2,246
Nov 20161764142.492.64$2,417
Oct 20161045646.193.09$1,871
Sep 20161259141.553.10$2,331
Aug 20161365041.442.92$2,440
Jul 2016744141.622.92$1,581
Jun 20161989245.352.69$3,257
May 2016461,89442.521.99$5,727
Apr 2016671,97236.561.99$6,376
Mar 2016652,13433.011.79$5,974
Feb 2016301,67726.472.06$4,255
Jan 2016481,63127.352.36$5,169
Dec 2015401,67932.362.00$4,655
Nov 2015521,88438.792.17$6,100
Oct 2015501,63143.552.43$6,135
Sep 2015571,83642.992.76$7,515
Aug 2015321,58140.162.87$5,827
Jul 2015331,44948.152.95$5,856
Jun 20151982156.152.88$3,434
May 20152389055.212.96$3,900
Apr 20152678549.822.71$3,420
Mar 20152263242.892.93$2,798
Feb 20151645044.662.98$2,054
Jan 20152055543.433.10$2,589
Dec 20142459254.693.59$3,439
Nov 20142380770.464.25$5,052
Oct 2014241,04478.303.90$5,952
Sep 2014141,14086.164.05$5,818
Aug 20145271289.394.04$7,521
Jul 20141382,39196.564.18$23,319
Jun 20141252,34298.164.74$23,364
May 20141232,16094.734.73$21,861
Apr 20141672,29595.944.81$27,059
Mar 20141512,08795.895.06$25,033
Feb 20141842,96097.406.19$36,250
Jan 20141632,30390.404.86$25,929
Dec 2013921,10091.824.35$13,237
Nov 2013711,11388.853.74$10,469
Oct 2013851,31197.423.78$13,235
Sep 2013741,395104.113.72$12,890
Aug 2013671,247104.253.52$11,377
Jul 2013581,064102.523.72$9,902
Jun 20135194694.403.93$8,535
May 20134473794.834.15$7,230
Apr 20133066793.964.28$5,675
Mar 20133765593.623.91$6,027
Feb 20133465491.233.42$5,338
Jan 20133663191.603.42$5,456
Dec 20124584286.773.42$6,784
Nov 20124887486.953.62$7,342
Oct 20124780989.383.40$6,951
Sep 20123483494.672.92$5,653
Aug 20122765592.662.91$4,407
Jul 20122562685.133.02$4,019
Jun 20122958379.822.52$3,783
May 20123067691.612.49$4,430
Apr 201234750101.652.00$4,954
Mar 201227494105.052.22$3,934
Feb 201233579101.102.57$4,824
Jan 20124066098.092.73$5,728
Dec 20115295596.873.24$8,131
Nov 20113284295.723.31$5,851
Oct 20112077684.983.65$4,531
Sep 20112493183.623.99$5,718
Aug 20112692483.404.15$6,002
Jul 20116479094.144.52$9,594
Jun 20112464692.904.64$5,227
May 2011391,01698.134.40$8,302
Apr 2011421,141105.964.33$9,395
Mar 2011391,04096.364.06$7,978
Feb 20112998085.644.18$6,580
Jan 2011351,08986.504.59$8,025
Dec 20103184285.734.35$6,318
Nov 20102778080.843.80$5,143
Oct 20104895878.103.51$7,110
Sep 2010961,17472.633.98$11,644
Aug 20101041,34173.684.42$13,589
Jul 20101081,21372.554.74$13,581
Jun 2010881,13570.364.91$11,765
May 20107993071.124.24$9,557
Apr 20107679781.694.12$9,494
Mar 20107572378.394.39$9,052
Feb 20107882773.585.44$10,240
Jan 20109897774.365.96$13,114
Dec 200910199971.445.48$12,694
Nov 20099779674.593.75$10,221
Oct 2009881,28572.544.11$11,665
Sep 2009142,58565.543.06$8,840
Aug 2009132,62967.423.22$9,338
Jul 200971,35761.133.46$5,129
Jun 200961,33766.163.90$5,605
May 2009101,46254.743.93$6,287
Apr 20092096746.773.59$4,405
Mar 2009331,84842.144.06$8,892
Feb 20091337032.814.63$2,141
Jan 2009241,13135.865.37$6,935
Dec 2008201,01437.105.98$6,803
Nov 2008651,21255.496.86$11,922
Oct 20082301,41275.246.92$27,079
Sep 2008131706101.767.88$18,892
Aug 2008120602114.228.48$18,813
Jul 2008128613131.0811.39$23,760
Jun 2008113555131.3313.03$22,073
May 2008188834123.1711.57$32,809
Apr 2008181717110.3110.45$27,462
Mar 2008410684101.909.66$48,389
Feb 20086121,00492.538.77$65,434
Jan 20087201,27990.388.21$75,569
Dec 20077991,13188.337.30$78,834
Nov 20076561,47491.677.29$70,883
Oct 20074421,24082.856.92$45,203
Sep 2007611,42775.846.24$13,537
Aug 2007711,32469.066.39$13,361
Jul 2007701,25370.906.39$12,967
Jun 2007591,15462.007.55$12,369
May 2007871,35558.747.85$15,742
Apr 20071091,51859.617.81$18,346
Mar 20071281,56856.927.30$18,735
Feb 2007841,30755.108.22$15,367
Jan 20071111,51050.306.73$15,741
Dec 20061051,26756.656.92$14,714
Nov 2006651,27154.207.62$13,205
Oct 2006181,36354.906.01$9,185
Sep 2006191,59660.085.04$9,181
Aug 2006231,44068.717.34$12,150
Jul 2006403,37169.376.34$24,156
Jun 2006281,75666.286.38$13,066
May 2006271,60366.016.42$12,082
Apr 2006121,37664.397.36$10,901
Mar 2006171,85156.707.08$14,074
Feb 2006191,85857.597.75$15,496
Jan 2006191,75460.598.93$16,820
Dec 2005171,54254.9413.42$21,621
Nov 2005171,63454.6910.59$18,231
Oct 20053294458.3413.80$14,890
Sep 20051777161.4512.08$10,358
Aug 2005271,02961.519.80$11,742
Jul 20052874155.697.84$7,371
Jun 2005351,17052.337.38$10,467
May 2005388945.226.65$6,049
Apr 20051721149.207.36$2,389
Mar 2005962,16450.377.15$20,319
Feb 20056286045.226.31$8,232
Jan 2005781,07743.166.32$10,175
Dec 20043996539.866.75$8,069
Nov 20044098945.286.33$8,072
Oct 2004641,05949.706.52$10,080
Sep 20041231,93243.245.28$15,527
Aug 20041142,06042.375.55$16,265
Jul 20041462,30938.286.08$19,637
Jun 20041342,14336.106.43$18,623
May 20041441,91537.486.49$17,834
Apr 20044312,10334.475.86$27,177
Mar 20044762,13334.365.53$28,151
Feb 20043021,57032.455.51$18,450
Jan 20041822,06632.036.30$18,845
Dec 20031251,91530.266.30$15,850
Nov 2003291,87428.804.60$9,447
Oct 200301,88828.174.76$8,986
Sep 200302,24026.314.75$10,639
Aug 200302,55529.765.13$13,106
Jul 200302,21929.415.17$11,474
Jun 200303,14028.565.98$18,786
May 200303,15726.595.97$18,856
Apr 200301,50526.675.41$8,138
Mar 20030031.146.10$0
Feb 2003012033.487.93$951
Jan 200301,24430.315.58$6,944
Dec 200201,16526.914.85$5,655
Nov 200201,19324.664.14$4,935
Oct 200201,35026.464.23$5,709
Sep 200201,38727.443.64$5,042
Aug 200201,58125.963.16$5,003
Jul 200201,71024.583.06$5,236
Jun 200201,31723.733.34$4,396
May 200201,15824.663.58$4,150
Apr 200202,06823.653.51$7,263
Mar 200203,96922.003.10$12,315
Feb 200261018.222.38$133
Jan 200203117.172.38$74
Dec 200103916.932.36$92
Nov 2001011018.072.41$265
Oct 2001023119.782.53$584
Sep 2001067924.262.25$1,529
Aug 2001045424.873.05$1,386
Jul 2001087923.933.20$2,810
Jun 2001049824.563.82$1,904
May 2001093225.524.31$4,014
Apr 2001098724.685.34$5,266
Mar 2001070724.545.38$3,801
Feb 2001062927.755.77$3,627
Jan 2001065227.478.40$5,476
Dec 2000065726.889.12$5,993
Nov 2000059332.215.66$3,355
Oct 2000070131.235.15$3,607
Sep 2000074231.875.19$3,848
Aug 2000067729.644.54$3,074
Jul 2000066028.534.09$2,699
Jun 2000073129.304.40$3,214
May 2000083427.263.68$3,069
Apr 2000079424.513.12$2,474
Mar 2000081228.422.86$2,322
Feb 2000086527.622.73$2,358
Jan 2000093825.272.48$2,327
Dec 1999061524.282.42$1,491
Nov 1999066623.192.43$1,621
Oct 1999047220.982.80$1,323
Sep 1999071721.752.62$1,878
Aug 1999077919.262.88$2,240
Jul 1999075817.892.37$1,798
Jun 199906615.942.36$156
May 1999039315.792.32$912
Apr 1999077415.102.21$1,709
Mar 1999045512.471.84$836
Feb 199906069.981.82$1,102
Jan 199902,23110.381.90$4,239
Dec 199802,2169.201.77$3,930
Nov 1998018610.892.19$407
Oct 1998018712.421.97$368
Sep 1998080912.592.08$1,685
Aug 19980011.301.91$0
Jul 199801,45411.742.24$3,253
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 199701,01316.322.41$2,442
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 199701,43717.742.95$4,246
Aug 199701,29417.862.55$3,306
Jul 199701,22717.582.25$2,757
Jun 199701,67617.242.26$3,783
May 199701,63718.972.31$3,779
Apr 199701,63917.882.08$3,414
Mar 199702,32018.951.94$4,499
Feb 199701,77620.492.21$3,918
Jan 199701,35923.483.54$4,810
Dec 199601,59223.32$0
Nov 199601,63721.97$0
Oct 199603,27023.31$0
Sep 199601,98422.22$0
Aug 199602,49520.26$0
Jul 199603,65419.55$0
Jun 199601,96318.73$0
May 199602,12619.43$0
Apr 199601,88221.51$0
Mar 1996891,83219.38$1,725
Feb 199601,83116.98$0
Jan 199601,99817.07$0
Dec 199502,13717.19$0
Nov 199501,85016.00$0
Oct 199502,10515.43$0
Sep 199502,05416.18$0
Aug 199502,07915.92$0
Jul 199502,06515.24$0
Jun 199501,91816.41$0
May 199502,38317.56$0
Apr 199501,82717.73$0
Mar 199502,38316.44$0
Feb 199501,76216.58$0
Jan 1995841,73415.92$1,337
Dec 19941371,86615.03$2,059
Nov 19941552,08215.90$2,465
Oct 199402,11415.58$0
Sep 199402,05715.29$0
Aug 199401,54116.13$0
Jul 19941311,80217.56$2,300
Jun 199402,41517.09$0
May 199402,36815.88$0
Apr 199402,42214.14$0
Mar 199402,60012.46$0
Feb 199401,90912.50$0
Jan 199402,08912.66$0
Dec 199302,54412.33$0
Nov 199302,84614.49$0
Oct 199302,84615.85$0
Sep 199302,43215.03$0
Aug 199302,30715.66$0
Jul 199301,94415.46$0
Jun 199302,62516.79$0
May 199302,85917.68$0
Apr 199302,93118.05$0
Mar 199302,92018.14$0
Feb 199302,92017.90$0
Jan 199302,73616.93$0

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.

Jun 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 52.78 =         $0
Gas                   15 Mcf  × $  2.49 =        $37

────────────────────────────────────────────────────
Month total                                      $37

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/83239 is the state's own key, not one this site invented.