CARTER BROTHERS GAS UNIT 2

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the DAMASCUS (WOODBINE 9330) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 99304District 03Field 22876750CondensateGasSaveExport
Value, all time
$787 k
Jan 1993 – Nov 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
287
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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered
1979-03-24
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST EFF 6-1-94

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
CondensateDisposition677 bbl$15,020
GasProduction270,354 Mcf$772,277
Total$787,297

86,566 Mcf of this lease's gas, across 40 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Every month this lease reported (287)

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

287 months

Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 201102585.644.18$105
Jan 201102086.504.59$92
Dec 201002985.734.35$126
Nov 201004880.843.80$182
Oct 201005078.103.51$175
Sep 201009172.633.98$362
Aug 2010011573.684.42$508
Jul 2010017572.554.74$829
Jun 2010015770.364.91$771
May 2010028271.124.24$1,194
Apr 2010027981.694.12$1,150
Mar 2010035678.394.39$1,562
Feb 2010033573.585.44$1,823
Jan 2010018374.365.96$1,091
Dec 2009019971.445.48$1,091
Nov 2009030374.593.75$1,137
Oct 2009034672.544.11$1,422
Sep 2009025565.543.06$782
Aug 2009078567.423.22$2,527
Jul 2009013061.133.46$450
Jun 2009018166.163.90$705
May 2009020854.743.93$817
Apr 2009021146.773.59$757
Mar 2009023142.144.06$938
Feb 2009020532.814.63$950
Jan 2009023535.865.37$1,262
Dec 2008026337.105.98$1,572
Nov 2008022055.496.86$1,509
Oct 2008026275.246.92$1,814
Sep 20080178101.767.88$1,402
Aug 20080367114.228.48$3,113
Jul 20080383131.0811.39$4,362
Jun 20080430131.3313.03$5,604
May 20080631123.1711.57$7,303
Apr 20080491110.3110.45$5,133
Mar 20080282101.909.66$2,725
Feb 2008023992.538.77$2,096
Jan 2008036290.388.21$2,970
Dec 200702788.337.30$197
Nov 2007027291.677.29$1,983
Oct 2007036382.856.92$2,513
Sep 2007037675.846.24$2,348
Aug 2007023369.066.39$1,488
Jul 2007010970.906.39$696
Jun 2007010562.007.55$793
May 2007042858.747.85$3,358
Apr 2007017259.617.81$1,342
Mar 2007048556.927.30$3,541
Feb 2007041055.108.22$3,369
Jan 2007033650.306.73$2,260
Dec 2006026856.656.92$1,854
Nov 2006022754.207.62$1,729
Oct 2006041954.906.01$2,520
Sep 2006048460.085.04$2,438
Aug 2006047768.717.34$3,501
Jul 2006060169.376.34$3,812
Jun 2006047566.286.38$3,032
May 2006042966.016.42$2,756
Apr 2006082164.397.36$6,043
Mar 2006052856.707.08$3,740
Feb 2006046057.597.75$3,566
Jan 2006065360.598.93$5,833
Dec 2005059354.9413.42$7,955
Nov 2005059154.6910.59$6,258
Oct 2005049258.3413.80$6,788
Sep 2005065261.4512.08$7,876
Aug 2005063161.519.80$6,182
Jul 2005061355.697.84$4,808
Jun 2005054252.337.38$4,001
May 2005059745.226.65$3,971
Apr 2005047649.207.36$3,504
Mar 2005038750.377.15$2,769
Feb 200501,17145.226.31$7,391
Jan 200501,32043.166.32$8,345
Dec 200401,15039.866.75$7,764
Nov 200401,32645.286.33$8,394
Oct 200401,24149.706.52$8,085
Sep 200401,32943.245.28$7,022
Aug 20041011,20842.375.55$10,985
Jul 200401,39238.286.08$8,469
Jun 200401,32036.106.43$8,492
May 200401,50037.486.49$9,742
Apr 200401,46634.475.86$8,589
Mar 200401,50234.365.53$8,306
Feb 200401,40832.455.51$7,758
Jan 200401,54232.036.30$9,714
Dec 200301,54230.266.30$9,717
Nov 200301,26428.804.60$5,808
Oct 200301,55428.174.76$7,396
Sep 200301,47326.314.75$6,996
Aug 200301,50629.765.13$7,725
Jul 200301,57029.415.17$8,118
Jun 200301,22328.565.98$7,317
May 200301,56526.595.97$9,347
Apr 200301,66726.675.41$9,014
Mar 2003096831.146.10$5,901
Feb 200301,45433.487.93$11,524
Jan 200301,63130.315.58$9,104
Dec 200201,55426.914.85$7,543
Nov 200201,15924.664.14$4,795
Oct 200201,55026.464.23$6,555
Sep 2002481,49127.443.64$6,737
Aug 200201,52225.963.16$4,816
Jul 200201,54324.583.06$4,724
Jun 200201,50023.733.34$5,007
May 200201,49124.663.58$5,344
Apr 200201,44123.653.51$5,061
Mar 200201,54722.003.10$4,800
Feb 200201,47118.222.38$3,495
Jan 200201,52817.172.38$3,630
Dec 200101,63316.932.36$3,861
Nov 200101,55418.072.41$3,738
Oct 200101,63819.782.53$4,142
Sep 200101,50624.262.25$3,390
Aug 2001741,02024.873.05$4,955
Jul 200101,85423.933.20$5,927
Jun 2001098624.563.82$3,771
May 200101,59025.524.31$6,849
Apr 200101,53324.685.34$8,179
Mar 200101,52324.545.38$8,188
Feb 200101,45927.755.77$8,414
Jan 200101,59727.478.40$13,413
Dec 200001,71626.889.12$15,654
Nov 200001,26632.215.66$7,163
Oct 200001,01731.235.15$5,233
Sep 200001,40831.875.19$7,303
Aug 200001,69929.644.54$7,715
Jul 200001,57228.534.09$6,429
Jun 200001,16629.304.40$5,127
May 200001,76027.263.68$6,476
Apr 200001,63224.513.12$5,085
Mar 200001,51128.422.86$4,321
Feb 200001,64827.622.73$4,493
Jan 200001,40625.272.48$3,488
Dec 199901,82424.282.42$4,421
Nov 199901,50923.192.43$3,673
Oct 199901,68520.982.80$4,724
Sep 199901,58321.752.62$4,146
Aug 199901,83519.262.88$5,277
Jul 1999592,06217.892.37$5,947
Jun 199902,03715.942.36$4,812
May 199901,79915.792.32$4,176
Apr 199901,73915.102.21$3,840
Mar 199902,09012.471.84$3,842
Feb 199901,8229.981.82$3,312
Jan 199902,11310.381.90$4,015
Dec 199801,9249.201.77$3,412
Nov 1998571,98410.892.19$4,957
Oct 199801,87612.421.97$3,694
Sep 199802,21512.592.08$4,613
Aug 199802,14511.301.91$4,091
Jul 199802,11811.742.24$4,739
Jun 199802,26011.242.24$5,056
May 199801,22112.622.21$2,694
Apr 199801,88313.042.51$4,718
Mar 199802,05912.802.31$4,755
Feb 199802,18013.952.30$5,012
Jan 199802,24914.702.15$4,846
Dec 199702,46416.322.41$5,941
Nov 199702,31718.193.09$7,156
Oct 1997502,53519.253.15$8,947
Sep 199702,48317.742.95$7,337
Aug 199702,20217.862.55$5,626
Jul 199701,52617.582.25$3,429
Jun 199701,83517.242.26$4,142
May 199702,75018.972.31$6,348
Apr 1997070517.882.08$1,468
Mar 1997086518.951.94$1,677
Feb 199701,61520.492.21$3,563
Jan 199702,22223.483.54$7,865
Dec 199602,82523.32$0
Nov 199601,97721.97$0
Oct 199602,74223.31$0
Sep 1996612,62222.22$1,355
Aug 199602,66220.26$0
Jul 199602,50419.55$0
Jun 199602,50018.73$0
May 199602,46419.43$0
Apr 199602,27421.51$0
Mar 199602,34219.38$0
Feb 199602,35916.98$0
Jan 199602,30417.07$0
Dec 199502,49317.19$0
Nov 199501,91216.00$0
Oct 199502,76815.43$0
Sep 1995852,43816.18$1,375
Aug 199502,43215.92$0
Jul 199502,62115.24$0
Jun 199502,70816.41$0
May 199502,69517.56$0
Apr 199503,06117.73$0
Mar 199502,94716.44$0
Feb 199502,63816.58$0
Jan 1995194,13015.92$302
Dec 1994213,52315.03$316
Nov 1994195,62415.90$302
Oct 19948394415.58$1,293
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 1994014412.50$0
Jan 199401,67212.66$0
Dec 199302,33612.33$0
Nov 199301,59414.49$0
Oct 199301,76115.85$0
Sep 199301,52015.03$0
Aug 199302,73315.66$0
Jul 1993025015.46$0
Jun 1993085616.79$0
May 199307017.68$0
Apr 1993039318.05$0
Mar 1993022918.14$0
Feb 1993049917.90$0
Jan 19930016.93$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.

Feb 2011 — as filed, then multipliedworked
Condensate             0 bbl  × $ 85.64 =         $0
Gas                   25 Mcf  × $  4.18 =       $105

────────────────────────────────────────────────────
Month total                                     $105

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. 03/G/99304 is the state's own key, not one this site invented.