FALKS GAS UNIT 1

Operated by REPSOL OIL & GAS USA, LLC (P-5 703462) 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 287861District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.9 M
Jun 2019 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
84
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
NGPA1none
ST-1112020-10-22227556

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
CondensateDisposition96,364 bbl$5,829,346
GasProduction2,728,427 Mcf$8,048,844
Total$13,878,189

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 28.7321, -97.9865. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.73210, -97.98652 · 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
12,725 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 12,725 ft.

Completions filed
Sep 2019
1 of 1 wells

1 well

42-25536020C 4H12,725 ftSep 2019

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 (84)

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

84 months

May 2026170106.413.05$1,809
Apr 20265027,68398.932.87$71,711
Mar 20263712,36889.753.15$40,755
Feb 20269059,69563.503.75$93,827
Jan 20264,48713,76759.138.00$375,424
Dec 202576510,91256.664.41$91,503
Nov 20256549,87158.593.93$77,076
Oct 202595712,94259.383.30$99,598
Sep 202556413,12162.743.08$75,758
Aug 202538513,61663.933.01$65,662
Jul 202555414,25066.743.32$84,216
Jun 20251,21014,23366.483.13$124,972
May 20252,10015,59460.553.23$177,560
Apr 202593313,11362.363.54$104,643
Mar 20251,55214,58367.704.27$167,315
Feb 20251,26512,19370.884.34$142,591
Jan 2025024274.324.28$1,035
Dec 2024024568.993.12$765
Nov 2024021369.052.20$468
Oct 2024156871.372.28$1,226
Sep 20241771,38569.612.36$15,596
Aug 202499513,25575.632.06$102,605
Jul 202471812,35579.932.15$83,911
Jun 202460313,05778.082.63$81,474
May 202462012,26178.812.20$75,817
Apr 202443810,36184.451.66$54,180
Mar 202441712,67180.301.55$53,063
Feb 202428710,50876.091.78$40,580
Jan 202457310,49073.023.30$76,433
Dec 202356710,81271.262.61$68,632
Nov 202393210,78277.892.81$102,865
Oct 20231,28313,76485.443.09$152,113
Sep 20231,24914,28089.042.74$150,267
Aug 20231,70214,76980.522.67$176,521
Jul 20231,57114,60274.852.64$156,165
Jun 20231,71716,23468.962.26$155,068
May 202369715,65670.622.23$84,094
Apr 202340013,71478.122.24$61,937
Mar 202340613,31072.852.39$61,430
Feb 202350814,94775.112.47$75,010
Jan 202363615,76876.533.39$102,091
Dec 202241712,22476.415.73$101,895
Nov 202233415,57785.005.65$116,341
Oct 202240413,86487.185.86$116,516
Sep 202257217,32284.888.16$189,963
Aug 202242914,28494.529.13$170,921
Jul 202234818,010101.587.54$171,183
Jun 202255417,986115.097.98$207,238
May 202265620,889109.378.43$247,904
Apr 202252316,774104.226.84$169,201
Mar 202242621,565108.885.08$155,855
Feb 202233720,43191.054.86$129,955
Jan 202254624,67481.844.54$156,647
Dec 202158625,13371.323.90$139,790
Nov 202179022,75577.435.24$180,334
Oct 202153526,51979.795.71$194,214
Sep 202168327,65869.865.35$195,710
Aug 202166129,79066.024.22$169,371
Jul 202164230,08370.783.98$165,234
Jun 202169230,84569.493.38$152,362
May 202170232,46563.483.02$142,532
Apr 202175435,37660.362.76$143,093
Mar 202196540,66561.302.72$169,639
Feb 202160328,56957.805.55$193,353
Jan 202188341,83550.412.81$162,080
Dec 202089746,21244.642.68$163,680
Nov 20201,04545,73838.772.71$164,308
Oct 20201,04151,68336.972.48$166,578
Sep 20201,09951,75237.091.99$143,802
Aug 20201,33256,95639.982.39$189,099
Jul 20201,19764,86238.371.83$164,310
Jun 20201,28768,97434.901.69$161,504
May 20201,97978,88116.921.81$176,634
Apr 20201,42971,19314.751.80$149,537
Mar 20201,53483,05230.341.86$200,705
Feb 20201,840100,00949.881.98$289,864
Jan 20202,29793,54457.252.09$327,454
Dec 20192,909115,54359.012.30$437,913
Nov 20193,452103,25555.302.75$474,919
Oct 20192,47636,45753.472.42$220,564
Sep 20194,58792,65055.052.66$498,711
Aug 20197,323195,25953.112.30$838,872
Jul 20194,856171,93456.272.46$696,215
Jun 20196,010171,49052.782.49$744,424

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            17 bbl  × $106.41 =     $1,809
Gas                    0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                   $1,809

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/287861 is the state's own key, not one this site invented.