SPEAR

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

Gas lease lease 142040District 06Field 977521002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.0 M
Jan 1993 – Nov 2025
Value, last 12 filed months
$0
at the published price for each month
Months reported
395
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 398 leases and 398 wells, and the rule below applies to all of them.

Discovered
1975-07-10
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2016-10-25.

The Commission's schedule remark for this field reads: SINGLE RESERVOIR. PLEASE REFER TO ORDER FOR TAKE POINTS.

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 Gas111992-09-25125840
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
CondensateDisposition7,618 bbl$228,206
GasProduction992,922 Mcf$2,750,043
Total$2,978,249

379,348 Mcf of this lease's gas, across 48 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.

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 32.5974, -94.7464. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.59737, -94.74641 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,940 ft
1 wells filed one
Completion to plug
33.4 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 10,940 ft.

Completions filed
Jul 1992
1 of 1 wells
Plug dates filed
Dec 2025
1 of 1 wells

Last completion to plug: a median of 33.4 years across the 1 well that filed both dates, with the middle half between 33.4 years and 33.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-18330925410,940 ftJul 1992Dec 2025Yes

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 (395)

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

395 months

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 202316078.122.24$1,250
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
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 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 2013093894.403.93$3,690
May 201301,46994.834.15$6,095
Apr 201302,05193.964.28$8,784
Mar 201302,05993.623.91$8,057
Feb 201301,24891.233.42$4,268
Jan 201301,61491.603.42$5,520
Dec 201201,99386.773.42$6,816
Nov 20121652,89986.953.62$24,856
Oct 201202,88189.383.40$9,794
Sep 201201,54094.672.92$4,494
Aug 201243792.662.91$478
Jul 201202,24385.133.02$6,776
Jun 201201,94379.822.52$4,894
May 201202,85991.612.49$7,114
Apr 201202,018101.652.00$4,030
Mar 201203,026105.052.22$6,724
Feb 201201,624101.102.57$4,174
Jan 201202,77798.092.73$7,593
Dec 201102,68896.873.24$8,708
Nov 201101,47695.723.31$4,887
Oct 201102,17884.983.65$7,947
Sep 201102,39283.623.99$9,534
Aug 201102,41383.404.15$10,012
Jul 201102,21494.144.52$10,001
Jun 201102,50292.904.64$11,609
May 201102,21598.134.40$9,757
Apr 201102,642105.964.33$11,449
Mar 201102,14596.364.06$8,703
Feb 201102,55485.644.18$10,676
Jan 201102,84986.504.59$13,073
Dec 201002,67485.734.35$11,626
Nov 201003,50180.843.80$13,287
Oct 201001,97978.103.51$6,944
Sep 201002,58672.633.98$10,291
Aug 201001,51873.684.42$6,709
Jul 201002,70472.554.74$12,807
Jun 201001,20870.364.91$5,932
May 201002,79571.124.24$11,837
Apr 20101522,76381.694.12$23,808
Mar 201003,13678.394.39$13,763
Feb 201002,61673.585.44$14,237
Jan 201003,03274.365.96$18,083
Dec 200903,25771.445.48$17,861
Nov 200902,42674.593.75$9,101
Oct 200902,02672.544.11$8,327
Sep 200902,23665.543.06$6,853
Aug 200901,59567.423.22$5,134
Jul 200902,25361.133.46$7,806
Jun 200902,17566.163.90$8,472
May 200902,42854.743.93$9,532
Apr 200902,49646.773.59$8,954
Mar 200902,19542.144.06$8,910
Feb 200902,03332.814.63$9,419
Jan 200902,52035.865.37$13,535
Dec 200802,31337.105.98$13,825
Nov 200802,14455.496.86$14,709
Oct 200803,06175.246.92$21,188
Sep 200802,371101.767.88$18,677
Aug 200802,373114.228.48$20,130
Jul 200802,398131.0811.39$27,312
Jun 200803,602131.3313.03$46,944
May 200801,557123.1711.57$18,021
Apr 20081783,374110.3110.45$54,910
Mar 200801,283101.909.66$12,399
Feb 200802,57192.538.77$22,549
Jan 200801,63290.388.21$13,392
Dec 200702,35388.337.30$17,182
Nov 200702,05591.677.29$14,984
Oct 200702,15882.856.92$14,938
Sep 20071622,66475.846.24$28,921
Aug 200701,48269.066.39$9,467
Jul 200702,09870.906.39$13,402
Jun 200702,10562.007.55$15,889
May 200702,59558.747.85$20,361
Apr 200701,57259.617.81$12,270
Mar 200712,34056.927.30$17,144
Feb 200701,46655.108.22$12,045
Jan 20071771,92850.306.73$21,872
Dec 200601,74556.656.92$12,073
Nov 200602,17454.207.62$16,560
Oct 200631,71254.906.01$10,460
Sep 200602,46960.085.04$12,437
Aug 200602,18068.717.34$16,001
Jul 20061782,36169.376.34$27,323
Jun 200601,30766.286.38$8,344
May 200602,26666.016.42$14,559
Apr 200602,16564.397.36$15,935
Mar 200603,44256.707.08$24,379
Feb 200601,54657.597.75$11,983
Jan 200622,25960.598.93$20,302
Dec 200522,60954.9413.42$35,111
Nov 200512,27154.6910.59$24,101
Oct 200502,30958.3413.80$31,854
Sep 200502,68861.4512.08$32,468
Aug 200523,17061.519.80$31,179
Jul 200503,01155.697.84$23,617
Jun 200512,21852.337.38$16,423
May 20052553,51245.226.65$34,890
Apr 200502,47249.207.36$18,195
Mar 200503,09950.377.15$22,173
Feb 200502,15045.226.31$13,571
Jan 200502,32643.166.32$14,705
Dec 200402,68839.866.75$18,147
Nov 200401,77145.286.33$11,211
Oct 20042562,33149.706.52$27,910
Sep 200402,49743.245.28$13,194
Aug 200402,58242.375.55$14,332
Jul 200402,32238.286.08$14,127
Jun 200402,15936.106.43$13,889
May 20041851,94237.486.49$19,546
Apr 200402,23434.475.86$13,088
Mar 200412,08934.365.53$11,587
Feb 200401,92532.455.51$10,606
Jan 200401,91032.036.30$12,032
Dec 200302,54130.266.30$16,012
Nov 20031682,27428.804.60$15,288
Oct 200301,95328.174.76$9,296
Sep 200302,49826.314.75$11,864
Aug 20032382,73229.765.13$21,097
Jul 200301,98729.415.17$10,274
Jun 200302,79328.565.98$16,710
May 200302,93726.595.97$17,542
Apr 200312,81926.675.41$15,270
Mar 20032452,95331.146.10$25,631
Feb 200303,45933.487.93$27,416
Jan 200313,27530.315.58$18,311
Dec 200202,79326.914.85$13,557
Nov 200202,94524.664.14$12,183
Oct 20022562,01926.464.23$15,312
Sep 200212,73027.443.64$9,952
Aug 200212,38125.963.16$7,560
Jul 200212,77524.583.06$8,521
Jun 200202,88223.733.34$9,621
May 200212,85524.663.58$10,257
Apr 200202,99523.653.51$10,519
Mar 20021762,89122.003.10$12,842
Feb 200202,45418.222.38$5,830
Jan 200202,45717.172.38$5,837
Dec 200103,46916.932.36$8,202
Nov 2001863,23118.072.41$9,326
Oct 2001994,12019.782.53$12,377
Sep 200103,72024.262.25$8,375
Aug 200103,87824.873.05$11,840
Jul 200103,46923.933.20$11,091
Jun 200103,44224.563.82$13,163
May 2001743,74625.524.31$18,024
Apr 200104,60424.685.34$24,564
Mar 200105,17924.545.38$27,845
Feb 20011365,33527.755.77$34,541
Jan 200105,29827.478.40$44,497
Dec 20001004,57426.889.12$44,414
Nov 200007,08332.215.66$40,076
Oct 20001526,59431.235.15$38,676
Sep 200005,74931.875.19$29,817
Aug 200003,12329.644.54$14,181
Jul 20001652,96528.534.09$16,834
Jun 200004,02129.304.40$17,681
May 200004,27527.263.68$15,731
Apr 200004,13324.513.12$12,878
Mar 200005,71728.422.86$16,349
Feb 20001816,10827.622.73$21,653
Jan 200006,71225.272.48$16,649
Dec 199905,19824.282.42$12,599
Nov 199906,48923.192.43$15,794
Oct 199906,42620.982.80$18,017
Sep 199904,63021.752.62$12,125
Aug 19991664,07719.262.88$14,921
Jul 199903,85617.892.37$9,148
Jun 199904,34215.942.36$10,256
May 199903,23215.792.32$7,502
Apr 19991693,17015.102.21$9,551
Mar 199902,72612.471.84$5,011
Feb 199903,3439.981.82$6,077
Jan 19991634,45010.381.90$10,147
Dec 199804,4109.201.77$7,820
Nov 199804,58010.892.19$10,011
Oct 199805,01612.421.97$9,878
Sep 19981404,74512.592.08$11,645
Aug 199805,15211.301.91$9,827
Jul 19981554,31111.742.24$11,465
Jun 199803,94211.242.24$8,819
May 19981685,80412.622.21$14,926
Apr 199805,28313.042.51$13,236
Mar 19981756,14312.802.31$16,427
Feb 199805,97313.952.30$13,733
Jan 19981587,31414.702.15$18,083
Dec 199705,47716.322.41$13,206
Nov 19971637,23318.193.09$25,302
Oct 199705,99019.253.15$18,867
Sep 199705,66317.742.95$16,733
Aug 199706,24217.862.55$15,947
Jul 199725,01217.582.25$11,297
Jun 199704,60917.242.26$10,403
May 19971664,40118.972.31$13,309
Apr 199704,87417.882.08$10,151
Mar 199704,46518.951.94$8,658
Feb 199705,35320.492.21$11,808
Jan 199705,65523.483.54$20,017
Dec 199625,58423.32$47
Nov 199605,25821.97$0
Oct 199605,99723.31$0
Sep 199605,52122.22$0
Aug 199604,49320.26$0
Jul 199603,97119.55$0
Jun 199604,39118.73$0
May 199605,23919.43$0
Apr 199625,45721.51$43
Mar 199606,32919.38$0
Feb 199635,91916.98$51
Jan 199606,25117.07$0
Dec 199525,86817.19$34
Nov 19951325,70016.00$2,112
Oct 199545,85315.43$62
Sep 199506,21816.18$0
Aug 199506,56115.92$0
Jul 199506,74415.24$0
Jun 199506,94816.41$0
May 199506,75417.56$0
Apr 199577,92517.73$124
Mar 199518,59016.44$16
Feb 199505,61116.58$0
Jan 1995176,58215.92$271
Dec 199407,07915.03$0
Nov 199407,11515.90$0
Oct 199417,47515.58$16
Sep 1994117,78915.29$168
Aug 199408,27216.13$0
Jul 19941398,52717.56$2,441
Jun 199408,52617.09$0
May 1994110,26715.88$16
Apr 1994211,49214.14$28
Mar 19941788,15512.46$2,218
Feb 199407,52612.50$0
Jan 19941798,55512.66$2,266
Dec 19931809,63612.33$2,219
Nov 19931849,11614.49$2,666
Oct 199329,40415.85$32
Sep 199308,86315.03$0
Aug 19936110,40015.66$955
Jul 199317710,09615.46$2,736
Jun 199319,24816.79$17
May 199315310,64817.68$2,705
Apr 199317611,71518.05$3,177
Mar 199318312,65018.14$3,320
Feb 199318516,49417.90$3,312
Jan 199318716,53616.93$3,166

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.

Apr 2023 — as filed, then multipliedworked
Condensate            16 bbl  × $ 78.12 =     $1,250
Gas                    0 Mcf  × $  2.24 =         $0

────────────────────────────────────────────────────
Month total                                   $1,250

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. 06/G/142040 is the state's own key, not one this site invented.