VALERIE

Operated by LATIGO PETROLEUM, LLC (P-5 488260) in the HIGGINS, SOUTH (MORROW) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 197983District 10Field 411073002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.6 M
Aug 2003 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
274
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 66 leases and 66 wells, and the rule below applies to all of them.

Discovered
1960-12-03
as the register files it
Field class
Gas
the register's own label
Between wells
3,735 ft
minimum
From a lease line
1,867 ft
minimum

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

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED EFF. 4/1/93

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 Gas112004-06-18156636
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
CondensateDisposition663 bbl$37,317
GasProduction678,174 Mcf$3,611,965
Total$3,649,282

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 36.1011, -100.0513. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.10109, -100.05126 · 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
12,250 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 12,250 ft.

Completions filed
Aug 2003
1 of 1 wells

1 well

42-29532680217912,250 ftAug 2003

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 (274)

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

274 months

May 20260409106.413.05$1,246
Apr 2026040698.932.87$1,165
Mar 20260089.753.15$0
Feb 2026036463.503.75$1,365
Jan 2026026659.138.00$2,127
Dec 20250056.664.41$0
Nov 202503458.593.93$134
Oct 202503959.383.30$129
Sep 2025020262.743.08$622
Aug 2025020363.933.01$612
Jul 2025024866.743.32$822
Jun 2025027566.483.13$860
May 2025060760.553.23$1,962
Apr 2025016862.363.54$595
Mar 202509867.704.27$418
Feb 20250070.884.34$0
Jan 2025048374.324.28$2,067
Dec 2024041468.993.12$1,292
Nov 2024051069.052.20$1,121
Oct 2024053271.372.28$1,214
Sep 2024055669.612.36$1,315
Aug 2024056275.632.06$1,160
Jul 2024046179.932.15$990
Jun 2024029878.082.63$785
May 2024033878.812.20$743
Apr 2024037384.451.66$619
Mar 2024053280.301.55$822
Feb 2024062176.091.78$1,108
Jan 2024075573.023.30$2,490
Dec 2023078671.262.61$2,052
Nov 2023076677.892.81$2,151
Oct 2023083385.443.09$2,572
Sep 2023080289.042.74$2,194
Aug 20230080.522.67$0
Jul 2023077574.852.64$2,047
Jun 2023077568.962.26$1,750
May 2023084270.622.23$1,875
Apr 2023083378.122.24$1,864
Mar 2023061172.852.39$1,462
Feb 2023054675.112.47$1,346
Jan 202301,20576.533.39$4,082
Dec 202201,19776.415.73$6,858
Nov 202201,32285.005.65$7,464
Oct 202201,47387.185.86$8,637
Sep 2022191,39984.888.16$13,034
Aug 202201,51194.529.13$13,791
Jul 202201,606101.587.54$12,113
Jun 202201,307115.097.98$10,426
May 202201,463109.378.43$12,338
Apr 202201,408104.226.84$9,627
Mar 202201,469108.885.08$7,457
Feb 202201,34791.054.86$6,545
Jan 202201,49381.844.54$6,775
Dec 202101,53571.323.90$5,985
Nov 202101,52377.435.24$7,976
Oct 202101,56279.795.71$8,925
Sep 202101,51369.865.35$8,096
Aug 2021441,57266.024.22$9,540
Jul 202101,56170.783.98$6,216
Jun 202101,43369.493.38$4,844
May 202101,58063.483.02$4,768
Apr 202101,56660.362.76$4,320
Mar 202101,69161.302.72$4,594
Feb 202101,38057.805.55$7,656
Jan 20211751,59950.412.81$13,315
Dec 202001,18044.642.68$3,157
Nov 202001,58838.772.71$4,298
Oct 202001,65336.972.48$4,097
Sep 202001,57537.091.99$3,136
Aug 202001,65639.982.39$3,950
Jul 202001,68738.371.83$3,079
Jun 202001,64034.901.69$2,772
May 202001,72016.921.81$3,121
Apr 202001,73814.751.80$3,136
Mar 202001,65130.341.86$3,065
Feb 202001,62949.881.98$3,227
Jan 202001,93757.252.09$4,058
Dec 201901,69159.012.30$3,897
Nov 2019063555.302.75$1,747
Oct 201901,69653.472.42$4,102
Sep 201901,78455.052.66$4,741
Aug 201901,27653.112.30$2,940
Jul 201901,69156.272.46$4,160
Jun 201901,82552.782.49$4,546
May 201901,66958.482.74$4,574
Apr 201901,52462.632.75$4,192
Mar 201901,66256.803.06$5,089
Feb 2019501,32050.852.79$6,228
Jan 20191891,40746.033.23$13,242
Dec 201802,01746.594.19$8,442
Nov 201801,60952.934.24$6,818
Oct 201801,70261.443.40$5,784
Sep 201801,55459.543.11$4,830
Aug 201801,49459.403.07$4,581
Jul 201801,77465.142.93$5,201
Jun 201801,75660.183.08$5,403
May 201801,85365.382.90$5,375
Apr 2018331,86463.842.90$7,514
Mar 201801,99461.222.79$5,557
Feb 201801,11461.782.77$3,081
Jan 201802,03662.874.01$8,163
Dec 201701,77157.272.92$5,174
Nov 201701,70355.423.12$5,311
Oct 201701,76849.292.98$5,275
Sep 201701,74147.523.09$5,375
Aug 201701,82045.373.00$5,468
Jul 201701,93443.873.09$5,971
Jun 201701,36742.493.09$4,220
May 201701,86445.373.26$6,083
Apr 201701,82247.933.21$5,852
Mar 2017541,91046.772.98$8,224
Feb 201701,75350.452.95$5,176
Jan 201701,64549.413.42$5,624
Dec 201601,88348.763.72$7,010
Nov 201601,87142.492.64$4,948
Oct 201602,00346.193.09$6,190
Sep 201601,90941.553.10$5,919
Aug 201602,03941.442.92$5,963
Jul 201602,16741.622.92$6,337
Jun 201601,66645.352.69$4,475
May 201601,92242.521.99$3,827
Apr 201601,99736.561.99$3,976
Mar 201602,36433.011.79$4,241
Feb 201602,47926.472.06$5,116
Jan 201603,16427.352.36$7,481
Dec 201501,96632.362.00$3,935
Nov 201501,64538.792.17$3,565
Oct 201501,45243.552.43$3,523
Sep 201501,26942.992.76$3,500
Aug 201501,33440.162.87$3,832
Jul 201501,47248.152.95$4,335
Jun 201502,01256.152.88$5,800
May 201502,26455.212.96$6,691
Apr 201502,15249.822.71$5,825
Mar 201502,28142.892.93$6,694
Feb 201502,20844.662.98$6,571
Jan 201504,36843.433.10$13,544
Dec 201404,97554.693.59$17,867
Nov 201404,16570.464.25$17,709
Oct 2014732,60578.303.90$15,878
Sep 201402,41986.164.05$9,786
Aug 201402,52989.394.04$10,205
Jul 201402,43196.564.18$10,161
Jun 201402,34198.164.74$11,089
May 201402,47694.734.73$11,703
Apr 201402,71795.944.81$13,066
Mar 201403,64395.895.06$18,422
Feb 201403,85697.406.19$23,876
Jan 201403,91090.404.86$19,005
Dec 2013263,95091.824.35$19,588
Nov 201304,09288.853.74$15,297
Oct 201301,87197.423.78$7,071
Sep 201301,590104.113.72$5,911
Aug 201301,941104.253.52$6,837
Jul 201301,835102.523.72$6,822
Jun 201301,99094.403.93$7,827
May 201301,27694.834.15$5,294
Apr 201302,80993.964.28$12,030
Mar 201302,57293.623.91$10,064
Feb 2013091691.233.42$3,133
Jan 201302,48591.603.42$8,498
Dec 201203,62886.773.42$12,408
Nov 201202,62686.953.62$9,519
Oct 201201,26889.383.40$4,311
Sep 201201,21694.672.92$3,549
Aug 2012089692.662.91$2,606
Jul 2012075285.133.02$2,272
Jun 2012077779.822.52$1,957
May 2012081991.612.49$2,038
Apr 201201,222101.652.00$2,440
Mar 201201,311105.052.22$2,913
Feb 201201,384101.102.57$3,557
Jan 201201,60098.092.73$4,375
Dec 201101,84896.873.24$5,987
Nov 201101,50895.723.31$4,993
Oct 201101,68984.983.65$6,162
Sep 201101,44483.623.99$5,756
Aug 201101,61383.404.15$6,693
Jul 201101,33994.144.52$6,049
Jun 201101,51592.904.64$7,029
May 201101,76698.134.40$7,779
Apr 201101,880105.964.33$8,147
Mar 201101,81196.364.06$7,348
Feb 201102,40385.644.18$10,044
Jan 201102,55386.504.59$11,715
Dec 201002,20285.734.35$9,574
Nov 201002,10780.843.80$7,997
Oct 201002,31478.103.51$8,120
Sep 201002,34772.633.98$9,340
Aug 201003,01173.684.42$13,307
Jul 201002,68472.554.74$12,713
Jun 201002,05570.364.91$10,091
May 201002,43271.124.24$10,300
Apr 201003,03881.694.12$12,525
Mar 201003,51778.394.39$15,435
Feb 201004,13173.585.44$22,482
Jan 201004,92174.365.96$29,349
Dec 200904,16571.445.48$22,840
Nov 200903,20274.593.75$12,012
Oct 200903,45572.544.11$14,201
Sep 200903,11265.543.06$9,538
Aug 200903,46267.423.22$11,142
Jul 200902,63861.133.46$9,139
Jun 200903,21666.163.90$12,526
May 200903,62354.743.93$14,223
Apr 200903,11246.773.59$11,164
Mar 200903,91342.144.06$15,883
Feb 200903,97732.814.63$18,425
Jan 200902,92135.865.37$15,689
Dec 200803,72737.105.98$22,277
Nov 200803,47955.496.86$23,867
Oct 200803,68975.246.92$25,535
Sep 200803,715101.767.88$29,263
Aug 200803,851114.228.48$32,668
Jul 200803,885131.0811.39$44,248
Jun 200803,884131.3313.03$50,619
May 200803,806123.1711.57$44,052
Apr 200803,377110.3110.45$35,306
Mar 200803,373101.909.66$32,597
Feb 200803,89592.538.77$34,161
Jan 2008073590.388.21$6,031
Dec 200704,01388.337.30$29,303
Nov 200704,32091.677.29$31,500
Oct 200704,61482.856.92$31,938
Sep 200705,17075.846.24$32,282
Aug 200703,08669.066.39$19,713
Jul 200702,87270.906.39$18,346
Jun 200702,58062.007.55$19,475
May 200702,32858.747.85$18,266
Apr 200701,99259.617.81$15,548
Mar 200702,30656.927.30$16,838
Feb 2007097055.108.22$7,970
Jan 200704,99550.306.73$33,601
Dec 200604,94456.656.92$34,205
Nov 200604,33354.207.62$33,007
Oct 200604,85554.906.01$29,197
Sep 200604,95260.085.04$24,944
Aug 200605,14968.717.34$37,793
Jul 200604,77669.376.34$30,293
Jun 200604,48766.286.38$28,644
May 200603,16766.016.42$20,348
Apr 200603,99564.397.36$29,405
Mar 200604,66756.707.08$33,056
Feb 200604,86657.597.75$37,717
Jan 200603,35960.598.93$30,007
Dec 200503,98854.9413.42$53,501
Nov 200505,13254.6910.59$54,340
Oct 200505,56258.3413.80$76,732
Sep 200505,54461.4512.08$66,966
Aug 200505,01061.519.80$49,082
Jul 200505,42255.697.84$42,528
Jun 200505,35052.337.38$39,489
May 200505,97845.226.65$39,761
Apr 200506,13949.207.36$45,186
Mar 200505,60650.377.15$40,110
Feb 200505,78545.226.31$36,514
Jan 200506,11243.166.32$38,641
Dec 200406,50839.866.75$43,936
Nov 200406,38945.286.33$40,445
Oct 200406,89949.706.52$44,948
Sep 200406,85443.245.28$36,216
Aug 200406,62942.375.55$36,795
Jul 200406,80938.286.08$41,427
Jun 200406,21836.106.43$40,001
May 200407,37537.486.49$47,898
Apr 200407,44034.475.86$43,587
Mar 200408,13334.365.53$44,977
Feb 200407,81732.455.51$43,069
Jan 200408,46632.036.30$53,333
Dec 200305,04630.266.30$31,798
Nov 200307,77228.804.60$35,714
Oct 200309,18528.174.76$43,717
Sep 200307,35326.314.75$34,922
Aug 20030029.765.13$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  409 Mcf  × $  3.05 =     $1,246

────────────────────────────────────────────────────
Month total                                   $1,246

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/197983 is the state's own key, not one this site invented.