HEDGE "A"

Name: HEDGE "A" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 90575District 06Field 66461275NGPA filingCondensateGasSave Export

Value, all time

$2.5 M

Jan 1993 – Jun 2017

Value, last 12 filed months

$202

at the published price for each month

Months reported

294

no gaps in the span

Streams

condensate, gas

The OAK HILL (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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered

1976-11-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 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 2018-03-20.

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,625 bbl	$87,873
Gas	Production	558,221 Mcf	$2,461,954
Total			$2,549,828

84,446 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 32.2675, -94.6936. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.26753, -94.69360 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

10,714 ft

1 wells filed one

Completion to plug

2.4 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 10,714 ft.

Completions filed

Sep 2014

1 of 1 wells

Plug dates filed

Feb 2017

1 of 1 wells

Last completion to plug: a median of 2.4 years across the 1 well that filed both dates, with the middle half between 2.4 years and 2.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40130966	1	10,714 ft	Sep 2014	Feb 2017	Yes

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 (294)

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

294 months


Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	1	0	47.93	3.21	$48
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	2	2	48.76	3.72	$105
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	1	1	46.19	3.09	$49
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	10	0	27.35	2.36	$274
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	64	1,433	86.16	4.05	$11,311
Aug 2014	1	1,875	89.39	4.04	$7,655
Jul 2014	3	1,941	96.56	4.18	$8,402
Jun 2014	1	1,850	98.16	4.74	$8,861
May 2014	0	1,906	94.73	4.73	$9,009
Apr 2014	2	1,495	95.94	4.81	$7,382
Mar 2014	0	1,932	95.89	5.06	$9,770
Feb 2014	3	1,635	97.40	6.19	$10,416
Jan 2014	0	1,793	90.40	4.86	$8,715
Dec 2013	1	1,165	91.82	4.35	$5,165
Nov 2013	0	1,534	88.85	3.74	$5,735
Oct 2013	1	1,622	97.42	3.78	$6,228
Sep 2013	151	1,746	104.11	3.72	$22,212
Aug 2013	0	1,658	104.25	3.52	$5,840
Jul 2013	0	1,550	102.52	3.72	$5,763
Jun 2013	0	1,732	94.40	3.93	$6,813
May 2013	1	1,869	94.83	4.15	$7,849
Apr 2013	0	1,888	93.96	4.28	$8,086
Mar 2013	1	1,683	93.62	3.91	$6,679
Feb 2013	0	1,563	91.23	3.42	$5,345
Jan 2013	0	1,186	91.60	3.42	$4,056
Dec 2012	0	1,795	86.77	3.42	$6,139
Nov 2012	0	1,863	86.95	3.62	$6,753
Oct 2012	32	1,825	89.38	3.40	$9,065
Sep 2012	0	2,054	94.67	2.92	$5,994
Aug 2012	1	2,055	92.66	2.91	$6,069
Jul 2012	1	1,834	85.13	3.02	$5,625
Jun 2012	64	1,909	79.82	2.52	$9,917
May 2012	0	1,922	91.61	2.49	$4,783
Apr 2012	0	1,878	101.65	2.00	$3,750
Mar 2012	1	2,037	105.05	2.22	$4,631
Feb 2012	2	1,908	101.10	2.57	$5,106
Jan 2012	2	2,208	98.09	2.73	$6,233
Dec 2011	0	2,184	96.87	3.24	$7,076
Nov 2011	171	2,109	95.72	3.31	$23,352
Oct 2011	0	1,590	84.98	3.65	$5,801
Sep 2011	0	1,796	83.62	3.99	$7,159
Aug 2011	0	1,730	83.40	4.15	$7,178
Jul 2011	0	1,763	94.14	4.52	$7,964
Jun 2011	0	1,705	92.90	4.64	$7,911
May 2011	0	1,647	98.13	4.40	$7,255
Apr 2011	0	1,975	105.96	4.33	$8,558
Mar 2011	0	1,989	96.36	4.06	$8,070
Feb 2011	2	1,635	85.64	4.18	$7,006
Jan 2011	0	1,775	86.50	4.59	$8,145
Dec 2010	2	1,903	85.73	4.35	$8,445
Nov 2010	1	2,014	80.84	3.80	$7,725
Oct 2010	0	2,027	78.10	3.51	$7,113
Sep 2010	0	1,628	72.63	3.98	$6,479
Aug 2010	0	1,676	73.68	4.42	$7,407
Jul 2010	0	2,254	72.55	4.74	$10,676
Jun 2010	0	1,757	70.36	4.91	$8,628
May 2010	0	2,096	71.12	4.24	$8,877
Apr 2010	0	2,379	81.69	4.12	$9,808
Mar 2010	0	2,547	78.39	4.39	$11,178
Feb 2010	63	2,671	73.58	5.44	$19,172
Jan 2010	0	1,141	74.36	5.96	$6,805
Dec 2009	0	1,223	71.44	5.48	$6,707
Nov 2009	0	1,908	74.59	3.75	$7,158
Oct 2009	0	2,015	72.54	4.11	$8,282
Sep 2009	0	2,108	65.54	3.06	$6,460
Aug 2009	0	2,239	67.42	3.22	$7,206
Jul 2009	0	2,330	61.13	3.46	$8,072
Jun 2009	1	1,980	66.16	3.90	$7,778
May 2009	0	2,320	54.74	3.93	$9,108
Apr 2009	0	2,237	46.77	3.59	$8,025
Mar 2009	0	2,209	42.14	4.06	$8,966
Feb 2009	0	2,362	32.81	4.63	$10,943
Jan 2009	0	1,727	35.86	5.37	$9,276
Dec 2008	0	2,144	37.10	5.98	$12,815
Nov 2008	0	2,284	55.49	6.86	$15,669
Oct 2008	44	2,621	75.24	6.92	$21,453
Sep 2008	0	2,511	101.76	7.88	$19,779
Aug 2008	0	2,535	114.22	8.48	$21,504
Jul 2008	0	2,457	131.08	11.39	$27,984
Jun 2008	0	2,483	131.33	13.03	$32,360
May 2008	0	2,711	123.17	11.57	$31,378
Apr 2008	0	2,251	110.31	10.45	$23,534
Mar 2008	0	2,356	101.90	9.66	$22,769
Feb 2008	0	2,062	92.53	8.77	$18,085
Jan 2008	0	2,172	90.38	8.21	$17,823
Dec 2007	0	2,147	88.33	7.30	$15,677
Nov 2007	0	2,758	91.67	7.29	$20,111
Oct 2007	0	1,933	82.85	6.92	$13,380
Sep 2007	0	3,006	75.84	6.24	$18,770
Aug 2007	1	2,670	69.06	6.39	$17,125
Jul 2007	104	2,836	70.90	6.39	$25,490
Jun 2007	0	2,719	62.00	7.55	$20,524
May 2007	0	3,098	58.74	7.85	$24,308
Apr 2007	3	2,600	59.61	7.81	$20,472
Mar 2007	1	1,850	56.92	7.30	$13,566
Feb 2007	1	2,214	55.10	8.22	$18,245
Jan 2007	2	2,226	50.30	6.73	$15,075
Dec 2006	2	2,740	56.65	6.92	$19,070
Nov 2006	2	2,404	54.20	7.62	$18,421
Oct 2006	0	2,578	54.90	6.01	$15,504
Sep 2006	83	3,001	60.08	5.04	$20,103
Aug 2006	1	3,540	68.71	7.34	$26,052
Jul 2006	1	3,005	69.37	6.34	$19,129
Jun 2006	1	3,162	66.28	6.38	$20,252
May 2006	0	3,319	66.01	6.42	$21,325
Apr 2006	1	3,197	64.39	7.36	$23,596
Mar 2006	1	3,282	56.70	7.08	$23,303
Feb 2006	1	3,139	57.59	7.75	$24,388
Jan 2006	16	3,930	60.59	8.93	$36,077
Dec 2005	0	2,563	54.94	13.42	$34,384
Nov 2005	0	3,202	54.69	10.59	$33,904
Oct 2005	0	3,491	58.34	13.80	$48,161
Sep 2005	0	3,031	61.45	12.08	$36,611
Aug 2005	0	3,569	61.51	9.80	$34,965
Jul 2005	32	3,699	55.69	7.84	$30,796
Jun 2005	0	3,084	52.33	7.38	$22,763
May 2005	0	3,646	45.22	6.65	$24,250
Apr 2005	0	2,582	49.20	7.36	$19,005
Mar 2005	0	3,278	50.37	7.15	$23,454
Feb 2005	31	1,972	45.22	6.31	$13,849
Jan 2005	0	2,020	43.16	6.32	$12,771
Dec 2004	0	3,302	39.86	6.75	$22,292
Nov 2004	0	3,692	45.28	6.33	$23,372
Oct 2004	0	3,403	49.70	6.52	$22,171
Sep 2004	0	3,595	43.24	5.28	$18,996
Aug 2004	0	3,577	42.37	5.55	$19,855
Jul 2004	0	3,581	38.28	6.08	$21,787
Jun 2004	0	4,013	36.10	6.43	$25,816
May 2004	0	3,898	37.48	6.49	$25,316
Apr 2004	0	1,604	34.47	5.86	$9,397
Mar 2004	0	2,312	34.36	5.53	$12,786
Feb 2004	0	2,490	32.45	5.51	$13,719
Jan 2004	0	2,290	32.03	6.30	$14,426
Dec 2003	0	3,066	30.26	6.30	$19,321
Nov 2003	0	3,539	28.80	4.60	$16,262
Oct 2003	0	3,926	28.17	4.76	$18,686
Sep 2003	0	2,790	26.31	4.75	$13,251
Aug 2003	36	2,210	29.76	5.13	$12,408
Jul 2003	0	2,229	29.41	5.17	$11,526
Jun 2003	0	2,118	28.56	5.98	$12,672
May 2003	0	2,958	26.59	5.97	$17,667
Apr 2003	0	3,233	26.67	5.41	$17,482
Mar 2003	65	3,004	31.14	6.10	$20,337
Feb 2003	0	2,878	33.48	7.93	$22,811
Jan 2003	0	3,232	30.31	5.58	$18,041
Dec 2002	0	2,802	26.91	4.85	$13,600
Nov 2002	0	3,070	24.66	4.14	$12,700
Oct 2002	1	3,559	26.46	4.23	$15,078
Sep 2002	75	3,742	27.44	3.64	$15,661
Aug 2002	9	4,013	25.96	3.16	$12,931
Jul 2002	4	3,648	24.58	3.06	$11,268
Jun 2002	49	3,750	23.73	3.34	$13,681
May 2002	10	4,373	24.66	3.58	$15,919
Apr 2002	0	3,549	23.65	3.51	$12,465
Mar 2002	0	3,750	22.00	3.10	$11,635
Feb 2002	29	3,961	18.22	2.38	$9,938
Jan 2002	0	3,852	17.17	2.38	$9,151
Dec 2001	20	4,596	16.93	2.36	$11,205
Nov 2001	0	4,210	18.07	2.41	$10,127
Oct 2001	6	2,002	19.78	2.53	$5,182
Sep 2001	11	3,851	24.26	2.25	$8,937
Aug 2001	0	3,850	24.87	3.05	$11,755
Jul 2001	0	6,796	23.93	3.20	$21,727
Jun 2001	0	703	24.56	3.82	$2,688
May 2001	0	1,113	25.52	4.31	$4,794
Apr 2001	0	1,097	24.68	5.34	$5,853
Mar 2001	0	1,441	24.54	5.38	$7,747
Feb 2001	0	1,234	27.75	5.77	$7,117
Jan 2001	0	1,935	27.47	8.40	$16,252
Dec 2000	0	1,887	26.88	9.12	$17,214
Nov 2000	0	3,510	32.21	5.66	$19,860
Oct 2000	0	1,671	31.23	5.15	$8,598
Sep 2000	0	1,515	31.87	5.19	$7,858
Aug 2000	0	1,335	29.64	4.54	$6,062
Jul 2000	0	1,473	28.53	4.09	$6,024
Jun 2000	0	1,380	29.30	4.40	$6,068
May 2000	0	1,301	27.26	3.68	$4,787
Apr 2000	0	1,566	24.51	3.12	$4,880
Mar 2000	0	2,506	28.42	2.86	$7,167
Feb 2000	0	1,091	27.62	2.73	$2,975
Jan 2000	0	1,297	25.27	2.48	$3,217
Dec 1999	0	1,165	24.28	2.42	$2,824
Nov 1999	0	1,123	23.19	2.43	$2,733
Oct 1999	0	1,281	20.98	2.80	$3,592
Sep 1999	0	1,216	21.75	2.62	$3,185
Aug 1999	0	1,395	19.26	2.88	$4,011
Jul 1999	1	1,370	17.89	2.37	$3,268
Jun 1999	0	1,256	15.94	2.36	$2,967
May 1999	0	1,274	15.79	2.32	$2,957
Apr 1999	0	1,474	15.10	2.21	$3,255
Mar 1999	0	1,961	12.47	1.84	$3,605
Feb 1999	0	2,451	9.98	1.82	$4,455
Jan 1999	0	1,107	10.38	1.90	$2,103
Dec 1998	0	650	9.20	1.77	$1,153
Nov 1998	147	1,038	10.89	2.19	$3,870
Oct 1998	0	401	12.42	1.97	$790
Sep 1998	0	1,289	12.59	2.08	$2,685
Aug 1998	0	1,204	11.30	1.91	$2,296
Jul 1998	0	1,271	11.74	2.24	$2,844
Jun 1998	0	1,320	11.24	2.24	$2,953
May 1998	0	1,377	12.62	2.21	$3,038
Apr 1998	0	1,436	13.04	2.51	$3,598
Mar 1998	0	1,456	12.80	2.31	$3,363
Feb 1998	0	1,273	13.95	2.30	$2,927
Jan 1998	0	1,637	14.70	2.15	$3,527
Dec 1997	0	1,640	16.32	2.41	$3,954
Nov 1997	0	1,684	18.19	3.09	$5,201
Oct 1997	0	1,870	19.25	3.15	$5,890
Sep 1997	0	1,864	17.74	2.95	$5,508
Aug 1997	0	540	17.86	2.55	$1,380
Jul 1997	0	472	17.58	2.25	$1,061
Jun 1997	0	481	17.24	2.26	$1,086
May 1997	0	561	18.97	2.31	$1,295
Apr 1997	0	704	17.88	2.08	$1,466
Mar 1997	1	599	18.95	1.94	$1,180
Feb 1997	0	50	20.49	2.21	$110
Jan 1997	0	442	23.48	3.54	$1,565
Dec 1996	0	502	23.32	—	$0
Nov 1996	0	594	21.97	—	$0
Oct 1996	0	802	23.31	—	$0
Sep 1996	0	1,239	22.22	—	$0
Aug 1996	0	1,680	20.26	—	$0
Jul 1996	0	893	19.55	—	$0
Jun 1996	0	1,032	18.73	—	$0
May 1996	0	2,094	19.43	—	$0
Apr 1996	0	1,899	21.51	—	$0
Mar 1996	0	2,173	19.38	—	$0
Feb 1996	0	974	16.98	—	$0
Jan 1996	0	1,312	17.07	—	$0
Dec 1995	0	1,845	17.19	—	$0
Nov 1995	0	2,009	16.00	—	$0
Oct 1995	0	1,994	15.43	—	$0
Sep 1995	0	1,685	16.18	—	$0
Aug 1995	0	1,156	15.92	—	$0
Jul 1995	0	1,419	15.24	—	$0
Jun 1995	0	1,874	16.41	—	$0
May 1995	0	946	17.56	—	$0
Apr 1995	0	1,943	17.73	—	$0
Mar 1995	0	1,800	16.44	—	$0
Feb 1995	0	1,521	16.58	—	$0
Jan 1995	0	1,409	15.92	—	$0
Dec 1994	0	1,560	15.03	—	$0
Nov 1994	199	1,780	15.90	—	$3,164
Oct 1994	0	1,604	15.58	—	$0
Sep 1994	0	1,604	15.29	—	$0
Aug 1994	0	1,399	16.13	—	$0
Jul 1994	21	1,707	17.56	—	$369
Jun 1994	0	1,623	17.09	—	$0
May 1994	0	2,344	15.88	—	$0
Apr 1994	0	2,143	14.14	—	$0
Mar 1994	0	2,486	12.46	—	$0
Feb 1994	0	929	12.50	—	$0
Jan 1994	0	1,099	12.66	—	$0
Dec 1993	0	2,716	12.33	—	$0
Nov 1993	0	1,857	14.49	—	$0
Oct 1993	0	2,614	15.85	—	$0
Sep 1993	0	1,825	15.03	—	$0
Aug 1993	0	1,826	15.66	—	$0
Jul 1993	0	2,546	15.46	—	$0
Jun 1993	0	2,525	16.79	—	$0
May 1993	0	2,938	17.68	—	$0
Apr 1993	0	2,648	18.05	—	$0
Mar 1993	0	3,106	18.14	—	$0
Feb 1993	0	2,423	17.90	—	$0
Jan 1993	27	2,349	16.93	—	$457

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.

Apr 2017 — as filed, then multipliedworked

Condensate             1 bbl  × $ 47.93 =        $48
Gas                    0 Mcf  × $  3.21 =         $0

────────────────────────────────────────────────────
Month total                                      $48

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/90575 is the state's own key, not one this site invented.