HITTS LAKE UNIT

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

Oil lease lease 5990District 06Field 41713333NGPA filingOilCasinghead gasSaveExport
Value, all time
$75.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$345 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 21 leases and 87 wells, and the rule below applies to all of them.

Discovered
1953-01-10
as the register files it
Field class
Oil
the register's own label
Between wells
660 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 2012-05-08.

The Commission's schedule remark for this field reads: NEW FIELD RULES PER DOCKET NO. 06-0274993

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
NGPA7none

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
OilDisposition1,870,531 bbl$75,663,502
Casinghead gasProduction21 Mcf$0
Total$75,663,502

21 Mcf of this lease's gas, across 21 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 (47)

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 32.4442, -95.2934. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.7 miles. 1 well has no surveyed location and is left out of it.

32.44378, -95.29561 · centre of 46 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
42.6%
20 of 47 wells
With a plug date
40.4%
19 of 47 wells
Median depth
7,383 ft
39 wells filed one
Completion to plug
25.4 years
median over 9 wells

What the state filed about each well

On the RRC proration schedule
2042.6%
A plug date is filed
1940.4%
BothOn the schedule and plugged. Neither fact cancels the other.
1940.4%
NeitherNo plug date, and not on the schedule.
2757.4%

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

Total depth in feet, 39 of 47 wells. Median 7,383 ft, with the middle half between 7,337 and 7,563 ft; the shallowest is 1,300 ft and the deepest 10,457 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 29 of 47 wells, Feb 1955 – Oct 2025. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 1955 – Oct 2025
29 of 47 wells; 18 filed none
Plug dates filed
Oct 1987 – Mar 2023
19 of 47 wells; 28 filed none

Last completion to plug: a median of 25.4 years across the 9 wells that filed both dates, with the middle half between 11.4 years and 32.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

47 wells

42-423005037017,298 ftJan 2016Yes
42-423005049017,358 ftJan 2016Yes
42-4230050913027,383 ftJan 2017Yes
42-423005812017,380 ftOct 1995Yes
42-423005823017,660 ftNov 2000Yes
42-423005901017,244 ftDec 2015Yes
42-4230059612010,106 ftSep 1995Yes
42-423005991037,579 ftAug 2012Yes
42-423006001027,341 ftOct 2012Yes
42-423006081047,304 ftJan 2015Yes
42-42300506601
42-423005071001
42-42300579401
42-42300593107
42-42300609302
42-42300617106
42-42300618108
42-42300626112
42-423323119029,480 ftOct 2025
42-423006231167,371 ftMar 2023
42-4233087412017,500 ftMar 2023
42-423303777027,350 ftSep 2022
42-423302991217,365 ftJun 2022
42-423006251147,418 ftJan 2022Mar 2023Yes
42-42331898102910,457 ftNov 2018
42-42330526124W7,425 ftOct 2015
42-423300181197,340 ftDec 2014
42-4230051515287,450 ftSep 2014
42-423005055017,329 ftNov 2013
42-4233231710327,503 ftDec 2012
42-423303756039,450 ftOct 2012Yes
42-4233230310317,353 ftFeb 2012
42-4233229610309,445 ftSep 2011
42-423006071179,485 ftJul 2009
42-4233037610227,333 ftSep 2002
42-423311138027,510 ftAug 1987Jan 2017Yes
42-423306281257,422 ftJun 1986Nov 2011Yes
42-423310741287,550 ftJun 1986
42-423309937039,400 ftJan 1986
42-423309411277,575 ftMar 1985Feb 2018Yes
42-423309381267,475 ftMar 1985
42-423006201117,330 ftJun 1983Jun 1993Yes
42-423005088017,272 ftJun 1980Nov 1991Yes
42-423303831023WS1,300 ftMar 1980
42-42330379602W7,313 ftMar 1980Jun 1993Yes
42-423300161187,290 ftMar 1970Jan 2017Yes
42-423006221157,356 ftFeb 1955Oct 1987Yes

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 2026475098.932.87$46,992
Mar 2026608089.753.15$54,568
Feb 2026314063.503.75$19,939
Jan 2026459059.138.00$27,141
Dec 2025627056.664.41$35,526
Nov 2025155058.593.93$9,081
Oct 2025320059.383.30$19,002
Sep 2025471062.743.08$29,551
Aug 2025476063.933.01$30,431
Jul 2025630066.743.32$42,046
Jun 2025462066.483.13$30,714
May 2025464060.553.23$28,095
Apr 2025487062.363.54$30,369
Mar 2025479067.704.27$32,428
Feb 2025470070.884.34$33,314
Jan 2025618074.324.28$45,930
Dec 2024464068.993.12$32,011
Nov 2024600069.052.20$41,430
Oct 2024460071.372.28$32,830
Sep 2024467069.612.36$32,508
Aug 2024621075.632.06$46,966
Jul 2024616079.932.15$49,237
Jun 2024317078.082.63$24,751
May 2024479078.812.20$37,750
Apr 2024790084.451.66$66,716
Mar 2024473080.301.55$37,982
Feb 2024636076.091.78$48,393
Jan 2024615073.023.30$44,907
Dec 2023613071.262.61$43,682
Nov 2023622077.892.81$48,448
Oct 2023616085.443.09$52,631
Sep 2023626089.042.74$55,739
Aug 2023629080.522.67$50,647
Jul 2023313074.852.64$23,428
Jun 2023646068.962.26$44,548
May 2023780070.622.23$55,084
Apr 2023452078.122.24$35,310
Mar 2023948072.852.39$69,062
Feb 2023312075.112.47$23,434
Jan 2023922076.533.39$70,561
Dec 2022766076.415.73$58,530
Nov 2022929085.005.65$78,965
Oct 20221,069087.185.86$93,195
Sep 2022930084.888.16$78,938
Aug 20221,092094.529.13$103,216
Jul 20221,0870101.587.54$110,417
Jun 20221,1830115.097.98$136,151
May 20221,2100109.378.43$132,338
Apr 20221,3320104.226.84$138,821
Mar 20221,0720108.885.08$116,719
Feb 20221,126091.054.86$102,522
Jan 2022969081.844.54$79,303
Dec 20211,099071.323.90$78,381
Nov 20211,250077.435.24$96,788
Oct 2021984079.795.71$78,513
Sep 2021953069.865.35$66,577
Aug 2021771066.024.22$50,901
Jul 20211,371070.783.98$97,039
Jun 2021858069.493.38$59,622
May 20211,232063.483.02$78,207
Apr 2021760060.362.76$45,874
Mar 2021306061.302.72$18,758
Feb 202120057.805.55$1,156
Jan 2021952050.412.81$47,990
Dec 20201,519044.642.68$67,808
Nov 20201,391038.772.71$53,929
Oct 20201,439036.972.48$53,200
Sep 20201,433037.091.99$53,150
Aug 20201,072039.982.39$42,859
Jul 20201,049038.371.83$40,250
Jun 20201,107034.901.69$38,634
May 20200016.921.81$0
Apr 20201,747014.751.80$25,768
Mar 20201,706030.341.86$51,760
Feb 20201,501049.881.98$74,870
Jan 20201,223057.252.09$70,017
Dec 20191,422059.012.30$83,912
Nov 20191,822055.302.75$100,757
Oct 20192,226053.472.42$119,024
Sep 20192,188055.052.66$120,449
Aug 20192,263053.112.30$120,188
Jul 20192,098056.272.46$118,054
Jun 20192,543052.782.49$134,220
May 20192,422058.482.74$141,639
Apr 20192,643062.632.75$165,531
Mar 20192,718056.803.06$154,382
Feb 20192,554050.852.79$129,871
Jan 20192,274046.033.23$104,672
Dec 20182,876046.594.19$133,993
Nov 20182,487052.934.24$131,637
Oct 20182,817061.443.40$173,076
Sep 20182,703059.543.11$160,937
Aug 20182,771059.403.07$164,597
Jul 20182,735065.142.93$178,158
Jun 20182,699060.183.08$162,426
May 20182,780065.382.90$181,756
Apr 20182,686063.842.90$171,474
Mar 20182,551061.222.79$156,172
Feb 20182,676061.782.77$165,323
Jan 20182,551062.874.01$160,381
Dec 20173,130057.272.92$179,255
Nov 20173,260055.423.12$180,669
Oct 20173,634049.292.98$179,120
Sep 20173,763047.523.09$178,818
Aug 20173,921045.373.00$177,896
Jul 20172,320043.873.09$101,778
Jun 20172,194042.493.09$93,223
May 20172,813045.373.26$127,626
Apr 20172,831047.933.21$135,690
Mar 20173,372046.772.98$157,708
Feb 20172,788050.452.95$140,655
Jan 20173,327049.413.42$164,387
Dec 20163,353048.763.72$163,492
Nov 20163,462042.492.64$147,100
Oct 20163,834046.193.09$177,092
Sep 20163,379041.553.10$140,397
Aug 20163,837041.442.92$159,005
Jul 20164,088041.622.92$170,143
Jun 20163,975045.352.69$180,266
May 20163,843042.521.99$163,404
Apr 20163,324036.561.99$121,525
Mar 20163,409033.011.79$112,531
Feb 20163,339026.472.06$88,383
Jan 20164,626027.352.36$126,521
Dec 20154,109032.362.00$132,967
Nov 20154,503038.792.17$174,671
Oct 20154,510043.552.43$196,411
Sep 20154,973042.992.76$213,789
Aug 20154,866040.162.87$195,419
Jul 20154,964048.152.95$239,017
Jun 20154,598056.152.88$258,178
May 20155,300055.212.96$292,613
Apr 20154,968049.822.71$247,506
Mar 20155,445042.892.93$233,536
Feb 20155,264044.662.98$235,090
Jan 20155,791043.433.10$251,503
Dec 20145,974054.693.59$326,718
Nov 20145,129070.464.25$361,389
Oct 20145,398078.303.90$422,663
Sep 20145,281086.164.05$455,011
Aug 20145,565089.394.04$497,455
Jul 20144,897096.564.18$472,854
Jun 20145,132098.164.74$503,757
May 20145,333094.734.73$505,195
Apr 20145,661095.944.81$543,116
Mar 20145,257095.895.06$504,094
Feb 20145,508097.406.19$536,479
Jan 20146,121090.404.86$553,338
Dec 20136,734091.824.35$618,316
Nov 20136,122088.853.74$543,940
Oct 20136,315097.423.78$615,207
Sep 20135,8630104.113.72$610,397
Aug 20136,6930104.253.52$697,745
Jul 20137,1280102.523.72$730,763
Jun 20136,914094.403.93$652,682
May 20137,583094.834.15$719,096
Apr 20137,142093.964.28$671,062
Mar 20138,190093.623.91$766,748
Feb 20137,428091.233.42$677,656
Jan 20138,581091.603.42$786,020
Dec 20127,931086.773.42$688,173
Nov 20127,923086.953.62$688,905
Oct 20124,505089.383.40$402,657
Sep 20124,984094.672.92$471,835
Aug 20125,430092.662.91$503,144
Jul 20125,797085.133.02$493,499
Jun 20125,628079.822.52$449,227
May 20126,325091.612.49$579,433
Apr 20125,2110101.652.00$529,698
Mar 20125,6700105.052.22$595,634
Feb 20125,7460101.102.57$580,921
Jan 20123,364098.092.73$329,975
Dec 20112,961096.873.24$286,832
Nov 20112,511095.723.31$240,353
Oct 20112,790084.983.65$237,094
Sep 20113,388083.623.99$283,305
Aug 20112,666083.404.15$222,344
Jul 20112,790094.144.52$262,651
Jun 20112,889092.904.64$268,388
May 20113,193098.134.40$313,329
Apr 20112,4080105.964.33$255,152
Mar 20112,644096.364.06$254,776
Feb 20112,451085.644.18$209,904
Jan 20112,833086.504.59$245,055
Dec 20102,995085.734.35$256,761
Nov 20103,039080.843.80$245,673
Oct 20103,094078.103.51$241,641
Sep 20102,646072.633.98$192,179
Aug 20102,999073.684.42$220,966
Jul 20103,030072.554.74$219,827
Jun 20102,808070.364.91$197,571
May 20102,568071.124.24$182,636
Apr 20102,851081.694.12$232,898
Mar 20103,288078.394.39$257,746
Feb 20102,827073.585.44$208,011
Jan 20102,853074.365.96$212,149
Dec 20093,629071.445.48$259,256
Nov 20092,899074.593.75$216,236
Oct 20093,009072.544.11$218,273
Sep 20092,679065.543.06$175,582
Aug 20093,153067.423.22$212,575
Jul 20092,406061.133.46$147,079
Jun 20091,804066.163.90$119,353
May 20092,352054.743.93$128,748
Apr 20092,910046.773.59$136,101
Mar 20092,843042.144.06$119,804
Feb 20092,598032.814.63$85,240
Jan 20092,491035.865.37$89,327
Dec 20083,062037.105.98$113,600
Nov 20082,648055.496.86$146,938
Oct 20082,947075.246.92$221,732
Sep 20082,4200101.767.88$246,259
Aug 20082,9860114.228.48$341,061
Jul 20083,3360131.0811.39$437,283
Jun 20083,5170131.3313.03$461,888
May 20083,6250123.1711.57$446,491
Apr 20083,5340110.3110.45$389,836
Mar 20083,7560101.909.66$382,736
Feb 20083,094092.538.77$286,288
Jan 20083,791090.388.21$342,631
Dec 20073,470088.337.30$306,505
Nov 20073,468091.677.29$317,912
Oct 20073,555082.856.92$294,532
Sep 20072,727075.846.24$206,816
Aug 20072,965069.066.39$204,763
Jul 20073,727070.906.39$264,244
Jun 20072,667062.007.55$165,354
May 20073,745058.747.85$219,981
Apr 20073,069059.617.81$182,943
Mar 20073,479056.927.30$198,025
Feb 20073,432055.108.22$189,103
Jan 20073,378050.306.73$169,913
Dec 20063,441056.656.92$194,933
Nov 20064,030054.207.62$218,426
Oct 20063,913054.906.01$214,824
Sep 20063,832060.085.04$230,227
Aug 20064,400068.717.34$302,324
Jul 20064,263069.376.34$295,724
Jun 20064,449066.286.38$294,880
May 20064,655066.016.42$307,277
Apr 20064,304064.397.36$277,135
Mar 20064,486056.707.08$254,356
Feb 20064,327057.597.75$249,192
Jan 20065,302060.598.93$321,248
Dec 20055,378054.9413.42$295,467
Nov 20056,423054.6910.59$351,274
Oct 20056,539058.3413.80$381,485
Sep 20052,945061.4512.08$180,970
Aug 20053,592061.519.80$220,944
Jul 20053,752055.697.84$208,949
Jun 20053,572052.337.38$186,923
May 20053,458045.226.65$156,371
Apr 20053,560049.207.36$175,152
Mar 20054,072050.377.15$205,107
Feb 20052,793045.226.31$126,299
Jan 20053,043043.166.32$131,336
Dec 20043,815039.866.75$152,066
Nov 20043,890045.286.33$176,139
Oct 20044,567049.706.52$226,980
Sep 20043,303043.245.28$142,822
Aug 20043,730042.375.55$158,040
Jul 20043,050038.286.08$116,754
Jun 20042,995036.106.43$108,120
May 20044,676037.486.49$175,256
Apr 20044,403034.475.86$151,771
Mar 20044,413034.365.53$151,631
Feb 20044,045032.455.51$131,260
Jan 20044,118032.036.30$131,900
Dec 20034,682030.266.30$141,677
Nov 20034,531028.804.60$130,493
Oct 20034,498028.174.76$126,709
Sep 20034,186026.314.75$110,134
Aug 20033,815029.765.13$113,534
Jul 20034,344029.415.17$127,757
Jun 20033,439028.565.98$98,218
May 20034,540026.595.97$120,719
Apr 20034,431026.675.41$118,175
Mar 20034,580031.146.10$142,621
Feb 20034,130033.487.93$138,272
Jan 20035,240030.315.58$158,824
Dec 20025,009026.914.85$134,792
Nov 20025,076024.664.14$125,174
Oct 20024,885026.464.23$129,257
Sep 20024,432027.443.64$121,614
Aug 20023,838025.963.16$99,634
Jul 20024,618024.583.06$113,510
Jun 20024,752023.733.34$112,765
May 20025,141024.663.58$126,777
Apr 20025,239023.653.51$123,902
Mar 20025,162022.003.10$113,564
Feb 20021,135018.222.38$20,680
Jan 20022,111017.172.38$36,246
Dec 20012,423016.932.36$41,021
Nov 20013,892018.072.41$70,328
Oct 20015,455019.782.53$107,900
Sep 20015,401024.262.25$131,028
Aug 20015,305024.873.05$131,935
Jul 20015,262023.933.20$125,920
Jun 20015,631024.563.82$138,297
May 20015,845025.524.31$149,164
Apr 20015,488024.685.34$135,444
Mar 20015,335024.545.38$130,921
Feb 20014,937027.755.77$137,002
Jan 20015,249027.478.40$144,190
Dec 20005,229026.889.12$140,556
Nov 20004,815032.215.66$155,091
Oct 20004,727031.235.15$147,624
Sep 20004,489031.875.19$143,064
Aug 20005,154029.644.54$152,765
Jul 20005,297028.534.09$151,123
Jun 20005,317029.304.40$155,788
May 20005,510027.263.68$150,203
Apr 20005,130024.513.12$125,736
Mar 20005,835028.422.86$165,831
Feb 20006,015027.622.73$166,134
Jan 20005,537025.272.48$139,920
Dec 19995,072024.282.42$123,148
Nov 19994,699023.192.43$108,970
Oct 19994,860020.982.80$101,963
Sep 19995,182021.752.62$112,709
Aug 19995,908019.262.88$113,788
Jul 19995,110017.892.37$91,418
Jun 19995,474015.942.36$87,256
May 19995,742015.792.32$90,666
Apr 19993,625015.102.21$54,738
Mar 19994,344012.471.84$54,170
Feb 19992,95009.981.82$29,441
Jan 19994,812010.381.90$49,949
Dec 19983,97509.201.77$36,570
Nov 19984,812010.892.19$52,403
Oct 19985,174012.421.97$64,261
Sep 19985,157012.592.08$64,927
Aug 19985,699011.301.91$64,399
Jul 19983,060011.742.24$35,924
Jun 19986,296011.242.24$70,767
May 19987,251012.622.21$91,508
Apr 19987,105013.042.51$92,649
Mar 19987,490012.802.31$95,872
Feb 19987,209013.952.30$100,566
Jan 19986,476014.702.15$95,197
Dec 19976,692016.322.41$109,213
Nov 19976,553018.193.09$119,199
Oct 19976,762019.253.15$130,169
Sep 19978,992017.742.95$159,518
Aug 19976,587017.862.55$117,644
Jul 19979,511017.582.25$167,203
Jun 19979,033017.242.26$155,729
May 19979,671018.972.31$183,459
Apr 19979,223017.882.08$164,907
Mar 199710,280018.951.94$194,806
Feb 19979,083020.492.21$186,111
Jan 199710,289023.483.54$241,586
Dec 199610,437023.32$243,391
Nov 19969,564021.97$210,121
Oct 19969,589023.31$223,520
Sep 19969,574022.22$212,734
Aug 199610,434020.26$211,393
Jul 199610,582019.55$206,878
Jun 199610,634018.73$199,175
May 199611,258019.43$218,743
Apr 199610,963021.51$235,814
Mar 199610,828019.38$209,847
Feb 199610,730016.98$182,195
Jan 199611,027017.07$188,231
Dec 199510,952017.19$188,265
Nov 199511,094016.00$177,504
Oct 199511,905015.43$183,694
Sep 199511,393016.18$184,339
Aug 199511,574015.92$184,258
Jul 199512,919015.24$196,886
Jun 199512,525016.41$205,535
May 199512,872017.56$226,032
Apr 199512,274017.73$217,618
Mar 199513,199016.44$216,992
Feb 199510,718016.58$177,704
Jan 199512,682015.92$201,897
Dec 199413,004015.03$195,450
Nov 199412,758015.90$202,852
Oct 199411,968015.58$186,461
Sep 199411,919115.29$182,242
Aug 199412,676116.13$204,464
Jul 199413,103117.56$230,089
Jun 199412,485117.09$213,369
May 199412,922115.88$205,201
Apr 199412,782114.14$180,737
Mar 199413,665112.46$170,266
Feb 199412,754112.50$159,425
Jan 199414,561112.66$184,342
Dec 199314,690112.33$181,128
Nov 199314,738114.49$213,554
Oct 199315,288115.85$242,315
Sep 199315,901115.03$238,992
Aug 199315,419115.66$241,462
Jul 199315,962115.46$246,773
Jun 199315,291116.79$256,736
May 199315,132117.68$267,534
Apr 199314,699118.05$265,317
Mar 199315,686118.14$284,544
Feb 199314,131117.90$252,945
Jan 199315,672116.93$265,327

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 2026 — as filed, then multipliedworked
Oil                  475 bbl  × $ 98.93 =    $46,992
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $46,992

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/O/5990 is the state's own key, not one this site invented.