RICKS LIVING TRUST GU 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 268490District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.4 M
Aug 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
166
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 Gas112013-08-16210196
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
CondensateDisposition43,343 bbl$3,287,222
GasProduction954,447 Mcf$3,153,831
Total$6,441,053

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 28.7761, -97.8658. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.77609, -97.86577 · 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
12,682 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 12,682 ft.

Completions filed
Aug 2012
1 of 1 wells

1 well

42-25532320B 3H12,682 ftAug 2012

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 (166)

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

166 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 2022215276.415.73$1,024
Nov 202241,48485.005.65$8,719
Oct 202281,36487.185.86$8,696
Sep 20221786584.888.16$8,505
Aug 20222094.529.13$189
Jul 2022383101.587.54$3,883
Jun 2022881,647115.097.98$23,266
May 2022230109.378.43$2,516
Apr 2022159579104.226.84$20,530
Mar 20221711,270108.885.08$25,066
Feb 20221141,05891.054.86$15,520
Jan 20221691,38481.844.54$20,111
Dec 20211951,49171.323.90$19,721
Nov 20211591,25577.435.24$18,884
Oct 20211801,74179.795.71$24,310
Sep 20213582,17169.865.35$36,627
Aug 202131566.024.22$2,068
Jul 2021901,07570.783.98$10,651
Jun 20215877269.493.38$6,640
May 202132163.483.02$2,034
Apr 202110353760.362.76$7,698
Mar 2021921,64961.302.72$10,120
Feb 20214351357.805.55$5,332
Jan 20211091,16250.412.81$8,760
Dec 20201221,29644.642.68$8,913
Nov 20201161,18238.772.71$7,696
Oct 20201361,19736.972.48$7,995
Sep 20201301,24937.091.99$7,309
Aug 20201341,26139.982.39$8,365
Jul 20201071,31838.371.83$6,511
Jun 2020761,29534.901.69$4,841
May 20201311,31316.921.81$4,599
Apr 20201401,26114.751.80$4,340
Mar 20201421,31430.341.86$6,747
Feb 20201461,34949.881.98$9,954
Jan 20203241,61757.252.09$21,936
Dec 20199262,91559.012.30$61,360
Nov 20195055.302.75$277
Oct 20194785653.472.42$4,583
Sep 2019781,69555.052.66$8,798
Aug 20191432,29953.112.30$12,892
Jul 20191061,90756.272.46$10,656
Jun 2019681,41752.782.49$7,119
May 20191082,37358.482.74$12,819
Apr 20191362,32162.632.75$14,902
Mar 20191242,58156.803.06$14,946
Feb 20191132,41350.852.79$12,484
Jan 20191503,14846.033.23$17,067
Dec 20181193,22246.594.19$19,030
Nov 2018611,93552.934.24$11,428
Oct 20181183,08761.443.40$17,740
Sep 20181573,09859.543.11$18,976
Aug 20181373,03359.403.07$17,439
Jul 20181683,11365.142.93$20,070
Jun 20181523,34460.183.08$19,437
May 20181113,11965.382.90$16,305
Apr 2018813,16063.842.90$14,338
Mar 20181223,51961.222.79$17,276
Feb 20181163,09761.782.77$15,733
Jan 20181343,53162.874.01$22,581
Dec 20171553,79257.272.92$19,955
Nov 20171423,58155.423.12$19,036
Oct 20171053,56249.292.98$15,803
Sep 2017682,67647.523.09$11,493
Aug 20172303,44845.373.00$20,794
Jul 20171354,90243.873.09$21,056
Jun 2017674,59542.493.09$17,033
May 20171495,21845.373.26$23,789
Apr 20171765,29047.933.21$25,425
Mar 20171975,12146.772.98$24,493
Feb 20171974,84450.452.95$24,241
Jan 20172814,65549.413.42$29,799
Dec 20161624,63148.763.72$25,140
Nov 20162705,16542.492.64$25,130
Oct 20162725,93946.193.09$30,917
Sep 20163467,27041.553.10$36,918
Aug 20161662,19341.442.92$13,292
Jul 20163194,10041.622.92$25,267
Jun 20168075,60445.352.69$51,649
May 20161543,62542.521.99$13,766
Apr 20161334,04436.561.99$12,914
Mar 20165107,25333.011.79$29,847
Feb 20165908,07426.472.06$32,279
Jan 201665310,33027.352.36$42,283
Dec 201520236,19332.362.00$78,974
Nov 20155032,55938.792.17$72,506
Oct 201522130,68943.552.43$84,094
Sep 201525723,38642.992.76$75,557
Aug 2015014,71040.162.87$42,254
Jul 2015331,09448.152.95$4,811
Jun 20151915,80356.152.88$27,454
May 20151795,54055.212.96$26,256
Apr 20153987,72249.822.71$40,728
Mar 201532317,66042.892.93$65,680
Feb 20153368,79444.662.98$41,178
Jan 201531215,68143.433.10$62,171
Dec 20143728,40354.693.59$50,523
Nov 20143127,94670.464.25$55,769
Oct 20142195,42778.303.90$38,318
Sep 20143017,26986.164.05$55,340
Aug 20141682,80689.394.04$26,340
Jul 20144236,64996.564.18$68,635
Jun 20143106,09098.164.74$59,277
May 20144938,52894.734.73$87,010
Apr 201433510,18095.944.81$81,097
Mar 201446714,85395.895.06$119,889
Feb 20144986,77597.406.19$90,456
Jan 201495413,56690.404.86$152,182
Dec 20137078,87991.824.35$103,580
Nov 20136225,76788.853.74$76,823
Oct 201383915,59497.423.78$140,671
Sep 20133107,172104.113.72$58,938
Aug 201309,605104.253.52$33,835
Jul 201323915,135102.523.72$80,770
Jun 201368614,19894.403.93$120,605
May 2013015,46694.834.15$64,170
Apr 2013018,81693.964.28$80,581
Mar 20131,47924,27293.623.91$233,437
Feb 20131,09129,25291.233.42$199,571
Jan 20131,96240,51691.603.42$318,280
Dec 20122,33150,57386.773.42$375,229
Nov 20122,70240,24686.953.62$380,829
Oct 20123,05847,79589.383.40$435,812
Sep 20123,94259,45194.672.92$546,691
Aug 20122,30834,46292.662.91$314,080

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.

Dec 2022 — as filed, then multipliedworked
Condensate             2 bbl  × $ 76.41 =       $153
Gas                  152 Mcf  × $  5.73 =       $871

────────────────────────────────────────────────────
Month total                                   $1,024

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/268490 is the state's own key, not one this site invented.