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Texas oil lease

Producing

NED

Ned is an oil lease in Henderson County, Texas, operated by Valence Operating Company in the Girlie Caldwell (Goodland LM) field.

1 well

2,042bbl oil, last 12 months−41% vs prior year
Operator
Valence Operating Company
County
Henderson County
Field
Girlie Caldwell (Goodland LM)
RRC lease
06-15525

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Where it sits

This county

Henderson CountyHendersonVan ZandtKaufmanAndersonWoodSmithNavarroRainsCherokeeHenderson County
Henderson County
Gas, last 12 months
40 mcf
Oil in Jul 2026
117 bbl

Production by month

Oil output fell 41% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for NED, Aug 2023 to Jul 2026. Oil output fell 41% over the last 12 months. 2,042 bbl in the 12 months through Jul 2026, against 3,469 bbl in the 12 months before.Last 12 months: 2,042 bblbbl per monthmcf per month0020010400206003080040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for NED, Aug 2023 to Jul 2026. Oil output fell 41% over the last 12 months. 2,042 bbl in the 12 months through Jul 2026, against 3,469 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020010400206003080040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of NED gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of NED gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 31 months above 3%.

1 well on this lease

Wells on NED
API numberWell no.Status
42-213-310941HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers90May 1, 2025–
Energy Transfer Marketing & TermOilGathers10Dec 1, 2022–
Lion Oil Trading & Trans, LLCOilGathers90Sep 1, 2020May 1, 2025
Sunoco Ptnrs. Mktg.&terminals LPOilGathers10Sep 1, 2020Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Nov 28, 2016Sep 1, 2020

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

Who buys my oilOil price check

209.12 acres on the newest permit

Permits for Ned
API numberWell no.Acreson the permit
42-213-310941H209.12

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for NED
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026117162101$80.46$2.89
Jun 20261560000$84.81$3.15
May 2026245162101$102.13$2.94
Apr 202699165404$100.32$2.77
Mar 202657486101$91.38$3.04
Feb 20261480000$64.51$3.62
Jan 2026182164000$60.04$7.72
Dec 2025104328303$57.97$4.26
Nov 20252180606$60.06$3.79
Oct 2025182161606$60.89$3.19
Sep 2025246349909$63.96$2.97
Aug 2025288163909$64.86$2.91
Jul 202530833114014$68.39$3.20
Jun 2025266318000$68.17$3.02
May 202527132613013$62.17$3.12
Apr 202531216016016$63.54$3.42
Mar 202524431511011$68.24$4.12
Feb 2025167157808$71.53$4.19
Jan 202525328410010$75.74$4.13
Dec 2024235013013$70.12$3.01
Nov 202434247627027$69.95$2.12
Oct 2024245034034$71.99$2.20
Sep 202450549927027$70.24$2.28
Aug 202432132516016$76.68$1.99
Jul 2024281322909$81.80$2.07
Jun 2024206167707$79.77$2.54
May 202425348711011$80.02$2.12
Apr 202419617812012$85.35$1.60
Mar 2024308166000$81.28$1.49
Feb 202494507707$77.25$1.72
Jan 20242570909$74.15$3.18
Dec 2023300011011$71.90$2.52
Nov 202326537707$77.69$2.71
Oct 202327216214014$85.64$2.98
Sep 202327832616016$89.43$2.64
Aug 202329616312012$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorValence Operating CompanyFieldGirlie Caldwell (Goodland LM)CountyHenderson County

Valence Operating Company in Henderson County

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Girlie Caldwell (Goodland LM) field

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