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Texas gas well

Producing

CHANCELLOR UNIT NO. 1

Chancellor Unit No. 1 is a gas well in Freestone County, Texas, operated by Valence Operating Company in the Teague (CV-Bossier Cons.) field.

1 well

34,068mcf gas, last 12 months+2% vs prior year
Operator
Valence Operating Company
County
Freestone County
Field
Teague (CV-Bossier Cons.)
RRC lease
05-242964

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Where it sits

This county

Freestone CountyFreestoneLimestoneEllisAndersonLeonNavarroHendersonFreestone County
Freestone County
Oil, last 12 months
153 bbl
Gas in Jul 2026
2,798 mcf

Production by month

Gas output held steady over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output held steady over the last 12 monthsMonthly gas production and oil for CHANCELLOR UNIT NO. 1, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 34,068 mcf in the 12 months through Jul 2026, against 33,493 mcf in the 12 months before.Last 12 months: 34,068 mcfmcf per monthbbl per month001,000202,000403,000604,000805,000100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output held steady over the last 12 monthsMonthly gas production and oil for CHANCELLOR UNIT NO. 1, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 34,068 mcf in the 12 months through Jul 2026, against 33,493 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month001,000202,000403,000604,000805,000100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
97% of the gas went to a transmission line in the last 12 monthsShare of CHANCELLOR UNIT NO. 1 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a transmission line in the last 12 monthsShare of CHANCELLOR UNIT NO. 1 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 32,903 mcf

  • Lease fuel (1)

    3.4% · 1,165 mcf

1 well on this lease

Wells on CHANCELLOR UNIT NO. 1
API numberWell no.Status
42-161-339903Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCCondensateGathers100Aug 1, 2026–
Midcoast G & P (East Texas) L.p.Gas-well gasBuys100Feb 1, 2019–
Midcoast Pipelines (E Tx) L.p.Gas-well gasGathers100Feb 1, 2019–
Plains Marketing, L.p.CondensateGathers100Jan 2, 2008Aug 1, 2026
Enbridge Pipelines (E. Tx) L.p.Gas-well gasGathers100Jan 1, 2017Feb 1, 2019
Enbridge Pipelines (E. Tx) L.p.Gas-well gasBuys100Jan 1, 2017Feb 1, 2019

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

683.19 acres on the newest permit

Check your decimal on this lease
Permits for Chancellor Unit No. 1
API numberWell no.Acreson the permit
42-161-339903683.19

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for CHANCELLOR UNIT NO. 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026902,7982,7200$80.46$2.89
Jun 20261502,5902,5190$84.81$3.15
May 20261702,6912,5810$102.13$2.94
Apr 20261002,6082,4990$100.32$2.77
Mar 2026171892,7692,6590$91.38$3.04
Feb 20262003,1343,0390$64.51$3.62
Jan 20261603,4293,3410$60.04$7.72
Dec 2025503,3213,2170$57.97$4.26
Nov 2025502,6272,5280$60.06$3.79
Oct 20251002,7532,6510$60.89$3.19
Sep 2025702,7742,6650$63.96$2.97
Aug 20252202,5742,4840$64.86$2.91
Jul 20251302,5052,4100$68.39$3.20
Jun 20251702,6872,5970$68.17$3.02
May 20251102,8992,8110$62.17$3.12
Apr 20251502,6352,5520$63.54$3.42
Mar 20251202,8462,7480$68.24$4.12
Feb 2025202,7642,6870$71.53$4.19
Jan 20251502,9872,9030$75.74$4.13
Dec 2024702,5272,4420$70.12$3.01
Nov 2024602,5852,4800$69.95$2.12
Oct 2024403,0402,9460$71.99$2.20
Sep 2024161552,9472,8420$70.24$2.28
Aug 2024303,0712,9730$76.68$1.99
Jul 2024403,3503,2360$81.80$2.07
Jun 2024804,3234,2050$79.77$2.54
May 202400000$80.02$2.12
Apr 2024001,9081,8650$85.35$1.60
Mar 20247002,8272,7340$81.28$1.49
Feb 2024002,7952,6870$77.25$1.72
Jan 20243702,9642,8670$74.15$3.18
Dec 202381822,8782,7790$71.90$2.52
Nov 20231002,9762,8670$77.69$2.71
Oct 2023702,9962,9190$85.64$2.98
Sep 20231702,3702,2930$89.43$2.64
Aug 20231303,3153,2000$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorValence Operating CompanyFieldTeague (CV-Bossier Cons.)CountyFreestone County

Valence Operating Company in Freestone County

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Teague (CV-Bossier Cons.) field

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