MORSE

Operated by FAULCONER ENERGY, LLC (P-5 263648) in the FLORES (VICKSBURG, LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 205374District 04Field 315335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.0 M
Jul 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
263
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 137 leases and 137 wells, and the rule below applies to all of them.

Discovered
1986-04-01
as the register files it
Field class
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 20 acres. The field rule took effect on 2008-11-12.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA TO REMAIN SUSPENDED.

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 Gas112006-03-20167614
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
CondensateDisposition4,402 bbl$265,847
GasProduction135,981 Mcf$737,533
Total$1,003,380

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 26.3726, -98.5305. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.37261, -98.53047 · 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
10,130 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 10,130 ft.

Completions filed
Jul 2004
1 of 1 wells

1 well

42-427337145ST10,130 ftJul 2004

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 (263)

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

263 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 202445180.301.55$400
Feb 2024924576.091.78$1,122
Jan 2024025273.023.30$831
Dec 20232630971.262.61$2,659
Nov 2023027977.892.81$783
Oct 2023035785.443.09$1,102
Sep 202307189.042.74$194
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202389878.122.24$844
Mar 2023025572.852.39$610
Feb 2023048075.112.47$1,184
Jan 2023021976.533.39$742
Dec 2022040076.415.73$2,292
Nov 20221038585.005.65$3,024
Oct 2022058587.185.86$3,430
Sep 2022043584.888.16$3,551
Aug 2022049994.529.13$4,554
Jul 202212500101.587.54$4,990
Jun 20220429115.097.98$3,422
May 20220999109.378.43$8,425
Apr 202216506104.226.84$5,127
Mar 20220965108.885.08$4,899
Feb 2022071191.054.86$3,455
Jan 20221885381.844.54$5,344
Dec 2021080471.323.90$3,135
Nov 2021089677.435.24$4,692
Oct 2021086579.795.71$4,943
Sep 20211585669.865.35$5,628
Aug 2021080366.024.22$3,389
Jul 2021074070.783.98$2,947
Jun 20211172569.493.38$3,215
May 2021092663.483.02$2,794
Apr 2021075960.362.76$2,094
Mar 2021881161.302.72$2,694
Feb 2021060657.805.55$3,362
Jan 2021069950.412.81$1,964
Dec 2020778244.642.68$2,405
Nov 2020776938.772.71$2,353
Oct 2020073336.972.48$1,817
Sep 2020075137.091.99$1,495
Aug 2020077639.982.39$1,851
Jul 2020467038.371.83$1,376
Jun 2020053334.901.69$901
May 2020071516.921.81$1,298
Apr 2020535214.751.80$709
Mar 2020077530.341.86$1,439
Feb 2020356449.881.98$1,267
Jan 2020377257.252.09$1,789
Dec 2019376159.012.30$1,931
Nov 2019243555.302.75$1,307
Oct 2019076153.472.42$1,841
Sep 2019170955.052.66$1,939
Aug 2019082153.112.30$1,892
Jul 2019056656.272.46$1,392
Jun 2019049952.782.49$1,243
May 2019077758.482.74$2,129
Apr 2019065362.632.75$1,796
Mar 2019077756.803.06$2,379
Feb 2019068250.852.79$1,904
Jan 2019165146.033.23$2,148
Dec 2018069846.594.19$2,921
Nov 2018056252.934.24$2,381
Oct 2018035161.443.40$1,193
Sep 2018062559.543.11$1,943
Aug 2018071859.403.07$2,202
Jul 2018064565.142.93$1,891
Jun 2018061360.183.08$1,886
May 2018051965.382.90$1,506
Apr 2018052763.842.90$1,529
Mar 2018064661.222.79$1,800
Feb 2018065561.782.77$1,812
Jan 2018039762.874.01$1,592
Dec 2017079757.272.92$2,328
Nov 2017011755.423.12$365
Oct 201704049.292.98$119
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
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 20163042.521.99$128
Apr 2016315836.561.99$424
Mar 20161017433.011.79$642
Feb 20161516726.472.06$742
Jan 20161117727.352.36$719
Dec 20151119632.362.00$748
Nov 20152421938.792.17$1,406
Oct 2015820843.552.43$853
Sep 2015828242.992.76$1,122
Aug 2015024740.162.87$710
Jul 2015013148.152.95$386
Jun 2015014156.152.88$406
May 2015117755.212.96$578
Apr 2015018249.822.71$493
Mar 2015320742.892.93$736
Feb 2015223744.662.98$795
Jan 2015341343.433.10$1,411
Dec 2014319754.693.59$872
Nov 2014116170.464.25$755
Oct 2014118278.303.90$788
Sep 2014017386.164.05$700
Aug 2014015989.394.04$642
Jul 2014119196.564.18$895
Jun 2014423098.164.74$1,482
May 2014329294.734.73$1,664
Apr 2014316895.944.81$1,096
Mar 2014417095.895.06$1,243
Feb 2014116597.406.19$1,119
Jan 2014219190.404.86$1,109
Dec 2013319591.824.35$1,125
Nov 2013222988.853.74$1,034
Oct 2013127997.423.78$1,152
Sep 20131191104.113.72$814
Aug 20131229104.253.52$911
Jul 20130227102.523.72$844
Jun 2013125494.403.93$1,093
May 2013228294.834.15$1,360
Apr 2013932793.964.28$2,246
Mar 20131129693.623.91$2,188
Feb 20131528991.233.42$2,357
Jan 20131035291.603.42$2,120
Dec 2012930786.773.42$1,831
Nov 2012624386.953.62$1,403
Oct 2012419989.383.40$1,034
Sep 2012318794.672.92$830
Aug 2012326492.662.91$1,046
Jul 2012621885.133.02$1,169
Jun 2012523179.822.52$981
May 2012827591.612.49$1,417
Apr 201215305101.652.00$2,134
Mar 201216460105.052.22$2,703
Feb 201219241101.102.57$2,540
Jan 20122122398.092.73$2,670
Dec 20112723696.873.24$3,380
Nov 20111622095.723.31$2,260
Oct 20112427684.983.65$3,047
Sep 2011328583.623.99$1,387
Aug 20111921683.404.15$2,481
Jul 20111122594.144.52$2,052
Jun 20111729492.904.64$2,943
May 20111139198.134.40$2,802
Apr 201110469105.964.33$3,092
Mar 20112523896.364.06$3,375
Feb 20111821685.644.18$2,444
Jan 20112527286.504.59$3,411
Dec 20103141785.734.35$4,471
Nov 20101720980.843.80$2,168
Oct 20102523778.103.51$2,784
Sep 20101622472.633.98$2,053
Aug 20102026073.684.42$2,623
Jul 20101527272.554.74$2,377
Jun 20101741470.364.91$3,229
May 20101940371.124.24$3,058
Apr 20102623981.694.12$3,109
Mar 20102530178.394.39$3,281
Feb 20101928573.585.44$2,949
Jan 20101734574.365.96$3,322
Dec 20091723671.445.48$2,509
Nov 20091826174.593.75$2,322
Oct 20091325472.544.11$1,987
Sep 20092125965.543.06$2,170
Aug 20091627567.423.22$1,964
Jul 20091830561.133.46$2,157
Jun 20092127266.163.90$2,449
May 20092632354.743.93$2,691
Apr 20093144446.773.59$3,043
Mar 20091836342.144.06$2,232
Feb 20092926532.814.63$2,179
Jan 20092730235.865.37$2,590
Dec 20083331537.105.98$3,107
Nov 20082629555.496.86$3,467
Oct 20081925975.246.92$3,222
Sep 200826313101.767.88$5,111
Aug 200825326114.228.48$5,621
Jul 200825338131.0811.39$7,127
Jun 200826315131.3313.03$7,520
May 200830343123.1711.57$7,665
Apr 200811363110.3110.45$5,009
Mar 200837392101.909.66$7,559
Feb 20082038192.538.77$5,192
Jan 20082641490.388.21$5,747
Dec 20072444188.337.30$5,340
Nov 20073148391.677.29$6,364
Oct 20072557282.856.92$6,031
Sep 20072558275.846.24$5,530
Aug 20073161569.066.39$6,069
Jul 20072372770.906.39$6,275
Jun 20072866262.007.55$6,733
May 20072464458.747.85$6,463
Apr 20071958959.617.81$5,730
Mar 20073069256.927.30$6,761
Feb 20073466255.108.22$7,312
Jan 20071972250.306.73$5,812
Dec 20062972656.656.92$6,666
Nov 20063177854.207.62$7,607
Oct 20062378054.906.01$5,953
Sep 20062681260.085.04$5,652
Aug 20063196668.717.34$9,220
Jul 2006261,07069.376.34$8,590
Jun 20063077866.286.38$6,955
May 20062990666.016.42$7,735
Apr 20062492864.397.36$8,376
Mar 2006321,11156.707.08$9,684
Feb 2006341,02857.597.75$9,926
Jan 20064496060.598.93$11,242
Dec 2005471,04154.9413.42$16,548
Nov 2005721,04754.6910.59$15,024
Oct 2005721,03858.3413.80$18,520
Sep 2005941,40861.4512.08$22,784
Aug 2005731,16661.519.80$15,913
Jul 2005811,39555.697.84$15,453
Jun 2005841,57352.337.38$16,006
May 2005751,85145.226.65$15,703
Apr 20051051,68349.207.36$17,554
Mar 20051071,92050.377.15$19,127
Feb 2005971,83045.226.31$15,937
Jan 20051402,07343.166.32$19,148
Dec 20041172,50839.866.75$21,595
Nov 20041763,11145.286.33$27,663
Oct 20042404,20149.706.52$39,298
Sep 20042834,45943.245.28$35,798
Aug 20042478,68742.375.55$58,684
Jul 20041396,73438.286.08$46,292

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.

Mar 2024 — as filed, then multipliedworked
Condensate             4 bbl  × $ 80.30 =       $321
Gas                   51 Mcf  × $  1.55 =        $79

────────────────────────────────────────────────────
Month total                                     $400

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. 04/G/205374 is the state's own key, not one this site invented.