NICHOLS, J. T. GAS UNIT 1

Operated by FALCON PRODUCTION LLC (P-5 260268) in the SUGARKANE (EAGLE FORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 265493District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.6 M
Aug 2011 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
178
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 1,993 leases and 2,259 wells, and the rule below applies to all of them.

Discovered
2009-12-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2017-10-10.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: GAS WELLS

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 Gas112013-08-16210209
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
CondensateDisposition678 bbl$52,985
GasProduction479,005 Mcf$1,576,829
Total$1,629,814

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 28.6731, -97.9526. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.67312, -97.95260 · 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
13,240 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 13,240 ft.

Completions filed
Aug 2011
1 of 1 wells

1 well

42-02533721113,240 ftAug 2011

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 (178)

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

178 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202607059.138.00$560
Dec 20250056.664.41$0
Nov 202501,06358.593.93$4,174
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 2025042963.933.01$1,293
Jul 2025026366.743.32$872
Jun 2025083566.483.13$2,612
May 2025017060.553.23$549
Apr 2025090762.363.54$3,214
Mar 2025019067.704.27$811
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 202407268.993.12$225
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 2024072269.612.36$1,707
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 202402,33678.082.63$6,153
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 2024061676.091.78$1,099
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 2023017385.443.09$534
Sep 20230089.042.74$0
Aug 2023014780.522.67$393
Jul 2023030274.852.64$798
Jun 2023038668.962.26$872
May 2023046070.622.23$1,025
Apr 20230078.122.24$0
Mar 2023033472.852.39$799
Feb 2023040775.112.47$1,004
Jan 2023023076.533.39$779
Dec 2022073176.415.73$4,188
Nov 20220085.005.65$0
Oct 2022058487.185.86$3,424
Sep 2022034284.888.16$2,792
Aug 2022044494.529.13$4,052
Jul 202200101.587.54$0
Jun 20220750115.097.98$5,983
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 20220435108.885.08$2,208
Feb 202201,01991.054.86$4,951
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 2021064477.435.24$3,373
Oct 2021055679.795.71$3,177
Sep 202102,68569.865.35$14,367
Aug 2021053366.024.22$2,250
Jul 202101,05970.783.98$4,217
Jun 2021056269.493.38$1,900
May 2021032863.483.02$990
Apr 20210060.362.76$0
Mar 2021063261.302.72$1,717
Feb 2021066957.805.55$3,712
Jan 2021056650.412.81$1,591
Dec 202001,02444.642.68$2,740
Nov 202001,31838.772.71$3,567
Oct 2020028136.972.48$696
Sep 2020069637.091.99$1,386
Aug 2020053039.982.39$1,264
Jul 2020042038.371.83$767
Jun 2020070334.901.69$1,188
May 2020091716.921.81$1,664
Apr 202001,17314.751.80$2,117
Mar 202001,34130.341.86$2,489
Feb 2020841,39349.881.98$6,949
Jan 2020028857.252.09$603
Dec 2019095459.012.30$2,198
Nov 201901,05555.302.75$2,902
Oct 201901,26753.472.42$3,064
Sep 2019026955.052.66$715
Aug 201901,15053.112.30$2,650
Jul 201901,22256.272.46$3,006
Jun 2019061952.782.49$1,542
May 2019028358.482.74$776
Apr 2019041962.632.75$1,153
Mar 2019026456.803.06$808
Feb 201901,71250.852.79$4,780
Jan 2019067146.033.23$2,166
Dec 2018098346.594.19$4,114
Nov 2018097552.934.24$4,131
Oct 2018073861.443.40$2,508
Sep 2018077659.543.11$2,412
Aug 2018084359.403.07$2,585
Jul 2018075665.142.93$2,217
Jun 201801,31860.183.08$4,055
May 201801,08165.382.90$3,136
Apr 201801,26163.842.90$3,658
Mar 201801,02561.222.79$2,857
Feb 201801,08361.782.77$2,996
Jan 201801,55262.874.01$6,222
Dec 2017020257.272.92$590
Nov 2017090755.423.12$2,828
Oct 2017080549.292.98$2,402
Sep 2017098747.523.09$3,047
Aug 2017025745.373.00$772
Jul 201701,10043.873.09$3,396
Jun 2017037742.493.09$1,164
May 2017090645.373.26$2,957
Apr 201701,13547.933.21$3,645
Mar 2017075546.772.98$2,253
Feb 201701,01450.452.95$2,994
Jan 201701,65849.413.42$5,668
Dec 201601,25348.763.72$4,665
Nov 2016098642.492.64$2,607
Oct 201601,19846.193.09$3,702
Sep 201601,36841.553.10$4,242
Aug 201601,10841.442.92$3,240
Jul 2016032,17641.622.92$94,094
Jun 201601,80345.352.69$4,843
May 201671,28042.521.99$2,846
Apr 201601,32336.561.99$2,634
Mar 201602,49733.011.79$4,480
Feb 2016013326.472.06$274
Jan 2016732,39127.352.36$7,650
Dec 20150032.362.00$0
Nov 2015022738.792.17$492
Oct 201501,11043.552.43$2,694
Sep 201501,43142.992.76$3,947
Aug 201501,44240.162.87$4,142
Jul 201501,34148.152.95$3,949
Jun 201501,55356.152.88$4,477
May 201501,32055.212.96$3,901
Apr 201502,69149.822.71$7,283
Mar 201502,72542.892.93$7,997
Feb 201502,39444.662.98$7,125
Jan 201501,76143.433.10$5,460
Dec 201402,80554.693.59$10,074
Nov 201402,14370.464.25$9,112
Oct 201402,74778.303.90$10,716
Sep 201401,78386.164.05$7,213
Aug 201402,77589.394.04$11,197
Jul 201402,39696.564.18$10,014
Jun 2014028,47398.164.74$134,873
May 201403,15394.734.73$14,903
Apr 201403,65195.944.81$17,558
Mar 201404,45495.895.06$22,523
Feb 201403,05897.406.19$18,935
Jan 201404,64390.404.86$22,568
Dec 201303,51191.824.35$15,289
Nov 201305,28488.853.74$19,753
Oct 201303,45997.423.78$13,073
Sep 201303,532104.113.72$13,131
Aug 201304,750104.253.52$16,732
Jul 20132395,422102.523.72$44,660
Jun 201306,33894.403.93$24,930
May 201305,30194.834.15$21,994
Apr 201306,40593.964.28$27,430
Mar 201307,26793.623.91$28,435
Feb 201307,08491.233.42$24,227
Jan 201308,75091.603.42$29,924
Dec 201208,48586.773.42$29,020
Nov 201208,29886.953.62$30,080
Oct 2012010,42389.383.40$35,435
Sep 201207,76994.672.92$22,673
Aug 201209,74492.662.91$28,337
Jul 201208,91085.133.02$26,915
Jun 201227210,61979.822.52$48,461
May 2012014,54491.612.49$36,190
Apr 2012017,975101.652.00$35,892
Mar 2012025,147105.052.22$55,879
Feb 2012019,241101.102.57$49,454
Jan 2012022,98498.092.73$62,840
Dec 20110796.873.24$23
Nov 2011319,85195.723.31$66,019
Oct 2011035,19984.983.65$128,425
Sep 20110083.623.99$0
Aug 20110083.404.15$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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.13 =         $0
Gas                   70 Mcf  × $  8.00 =       $560

────────────────────────────────────────────────────
Month total                                     $560

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. 02/G/265493 is the state's own key, not one this site invented.