VALERIE

Name: VALERIE lease production and value, Jan 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CANYON EXPLORATION CO. (P-5 129932) in the BERNSTEIN (MORROW, UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 163030District 10Field 07363710CondensateGasSave Export

Value, all time

$342 k

Jan 1997 – May 2008

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

137

no gaps in the span

Streams

condensate, gas

The BERNSTEIN (MORROW, UPPER) 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 36 leases and 36 wells, and the rule below applies to all of them.

Discovered

1955-05-19

as the register files it

Field class

Gas

the register's own label

Between wells

2,500 ft

minimum

From a lease line

1,250 ft

minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: “SURVEY”

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	415 bbl	$12,934
Gas	Production	80,523 Mcf	$328,814
Total			$341,749

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 36.3903, -101.2481. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.39033, -101.24811 · 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

7,008 ft

1 wells filed one

Completion to plug

11.3 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 7,008 ft.

Completions filed

Feb 1997

1 of 1 wells

Plug dates filed

May 2008

1 of 1 wells

Last completion to plug: a median of 11.3 years across the 1 well that filed both dates, with the middle half between 11.3 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-19531272	1	7,008 ft	Feb 1997	May 2008	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 (137)

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

137 months


May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	15	90.38	8.21	$123
Dec 2007	0	11	88.33	7.30	$80
Nov 2007	0	24	91.67	7.29	$175
Oct 2007	0	18	82.85	6.92	$125
Sep 2007	0	12	75.84	6.24	$75
Aug 2007	0	14	69.06	6.39	$89
Jul 2007	0	25	70.90	6.39	$160
Jun 2007	0	25	62.00	7.55	$189
May 2007	0	31	58.74	7.85	$243
Apr 2007	0	36	59.61	7.81	$281
Mar 2007	0	23	56.92	7.30	$168
Feb 2007	0	30	55.10	8.22	$246
Jan 2007	0	41	50.30	6.73	$276
Dec 2006	0	56	56.65	6.92	$387
Nov 2006	0	38	54.20	7.62	$289
Oct 2006	0	49	54.90	6.01	$295
Sep 2006	0	96	60.08	5.04	$484
Aug 2006	0	79	68.71	7.34	$580
Jul 2006	0	103	69.37	6.34	$653
Jun 2006	0	116	66.28	6.38	$741
May 2006	0	179	66.01	6.42	$1,150
Apr 2006	0	420	64.39	7.36	$3,091
Mar 2006	0	133	56.70	7.08	$942
Feb 2006	0	114	57.59	7.75	$884
Jan 2006	0	131	60.59	8.93	$1,170
Dec 2005	0	138	54.94	13.42	$1,851
Nov 2005	0	141	54.69	10.59	$1,493
Oct 2005	0	367	58.34	13.80	$5,063
Sep 2005	0	111	61.45	12.08	$1,341
Aug 2005	0	280	61.51	9.80	$2,743
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	111	52.33	7.38	$819
May 2005	0	106	45.22	6.65	$705
Apr 2005	0	150	49.20	7.36	$1,104
Mar 2005	0	164	50.37	7.15	$1,173
Feb 2005	135	1,136	45.22	6.31	$13,275
Jan 2005	0	1,377	43.16	6.32	$8,706
Dec 2004	0	565	39.86	6.75	$3,814
Nov 2004	0	508	45.28	6.33	$3,216
Oct 2004	0	465	49.70	6.52	$3,030
Sep 2004	0	462	43.24	5.28	$2,441
Aug 2004	0	599	42.37	5.55	$3,325
Jul 2004	0	597	38.28	6.08	$3,632
Jun 2004	0	571	36.10	6.43	$3,673
May 2004	0	624	37.48	6.49	$4,053
Apr 2004	0	602	34.47	5.86	$3,527
Mar 2004	0	635	34.36	5.53	$3,512
Feb 2004	0	593	32.45	5.51	$3,267
Jan 2004	0	626	32.03	6.30	$3,944
Dec 2003	0	639	30.26	6.30	$4,027
Nov 2003	0	620	28.80	4.60	$2,849
Oct 2003	0	659	28.17	4.76	$3,137
Sep 2003	0	630	26.31	4.75	$2,992
Aug 2003	0	549	29.76	5.13	$2,816
Jul 2003	0	714	29.41	5.17	$3,692
Jun 2003	0	692	28.56	5.98	$4,140
May 2003	0	744	26.59	5.97	$4,444
Apr 2003	0	755	26.67	5.41	$4,083
Mar 2003	0	752	31.14	6.10	$4,584
Feb 2003	0	789	33.48	7.93	$6,254
Jan 2003	0	816	30.31	5.58	$4,555
Dec 2002	0	852	26.91	4.85	$4,135
Nov 2002	0	1,079	24.66	4.14	$4,464
Oct 2002	0	722	26.46	4.23	$3,053
Sep 2002	0	695	27.44	3.64	$2,526
Aug 2002	0	830	25.96	3.16	$2,626
Jul 2002	0	873	24.58	3.06	$2,673
Jun 2002	81	1,249	23.73	3.34	$6,092
May 2002	199	1,265	24.66	3.58	$9,441
Apr 2002	0	724	23.65	3.51	$2,543
Mar 2002	0	691	22.00	3.10	$2,144
Feb 2002	0	658	18.22	2.38	$1,563
Jan 2002	0	774	17.17	2.38	$1,839
Dec 2001	0	893	16.93	2.36	$2,111
Nov 2001	0	718	18.07	2.41	$1,727
Oct 2001	0	721	19.78	2.53	$1,823
Sep 2001	0	692	24.26	2.25	$1,558
Aug 2001	0	726	24.87	3.05	$2,217
Jul 2001	0	885	23.93	3.20	$2,829
Jun 2001	0	770	24.56	3.82	$2,945
May 2001	0	847	25.52	4.31	$3,648
Apr 2001	0	869	24.68	5.34	$4,636
Mar 2001	0	900	24.54	5.38	$4,839
Feb 2001	0	1,025	27.75	5.77	$5,911
Jan 2001	0	1,292	27.47	8.40	$10,851
Dec 2000	0	1,126	26.88	9.12	$10,272
Nov 2000	0	1,238	32.21	5.66	$7,005
Oct 2000	0	1,394	31.23	5.15	$7,173
Sep 2000	0	734	31.87	5.19	$3,807
Aug 2000	0	760	29.64	4.54	$3,451
Jul 2000	0	774	28.53	4.09	$3,165
Jun 2000	0	863	29.30	4.40	$3,795
May 2000	0	889	27.26	3.68	$3,271
Apr 2000	0	1,086	24.51	3.12	$3,384
Mar 2000	0	1,092	28.42	2.86	$3,123
Feb 2000	0	1,296	27.62	2.73	$3,534
Jan 2000	0	1,393	25.27	2.48	$3,455
Dec 1999	0	593	24.28	2.42	$1,437
Nov 1999	0	83	23.19	2.43	$202
Oct 1999	0	222	20.98	2.80	$622
Sep 1999	0	1,243	21.75	2.62	$3,255
Aug 1999	0	32	19.26	2.88	$92
Jul 1999	0	34	17.89	2.37	$81
Jun 1999	0	27	15.94	2.36	$64
May 1999	0	28	15.79	2.32	$65
Apr 1999	0	30	15.10	2.21	$66
Mar 1999	0	26	12.47	1.84	$48
Feb 1999	0	24	9.98	1.82	$44
Jan 1999	0	31	10.38	1.90	$59
Dec 1998	0	56	9.20	1.77	$99
Nov 1998	0	94	10.89	2.19	$205
Oct 1998	0	485	12.42	1.97	$955
Sep 1998	0	1,495	12.59	2.08	$3,114
Aug 1998	0	2,829	11.30	1.91	$5,396
Jul 1998	0	3,065	11.74	2.24	$6,857
Jun 1998	0	3,378	11.24	2.24	$7,558
May 1998	0	3,530	12.62	2.21	$7,788
Apr 1998	0	2,921	13.04	2.51	$7,318
Mar 1998	0	2,213	12.80	2.31	$5,111
Feb 1998	0	1,197	13.95	2.30	$2,752
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	2	17.86	2.55	$5
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	173	18.97	2.31	$399
Apr 1997	0	437	17.88	2.08	$910
Mar 1997	0	1,774	18.95	1.94	$3,440
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$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.

Jan 2008 — as filed, then multipliedworked

Condensate             0 bbl  × $ 90.38 =         $0
Gas                   15 Mcf  × $  8.21 =       $123

────────────────────────────────────────────────────
Month total                                     $123

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. 10/G/163030 is the state's own key, not one this site invented.