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 142218District 06Field 977521002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 Gas111992-10-10126040
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
CondensateDisposition6,345 bbl$220,596
GasProduction793,135 Mcf$2,317,832
Total$2,538,428

182,589 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 32.5981, -94.7385. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.59810, -94.73853 · 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
10,940 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 10,940 ft.

Completions filed
Aug 1992
1 of 1 wells

1 well

42-18330933510,940 ftAug 1992

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 (401)

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

401 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 2025024667.704.27$1,050
Feb 2025025270.884.34$1,094
Jan 2025020574.324.28$877
Dec 2024014068.993.12$437
Nov 2024034169.052.20$750
Oct 2024034771.372.28$792
Sep 2024015269.612.36$359
Aug 2024023075.632.06$475
Jul 202406579.932.15$140
Jun 202409278.082.63$242
May 202405678.812.20$123
Apr 202408184.451.66$134
Mar 2024020280.301.55$312
Feb 2024020376.091.78$362
Jan 2024036973.023.30$1,217
Dec 2023016971.262.61$441
Nov 2023025677.892.81$719
Oct 2023026685.443.09$821
Sep 2023020689.042.74$563
Aug 2023021380.522.67$569
Jul 2023050974.852.64$1,345
Jun 202308368.962.26$187
May 2023013770.622.23$305
Apr 2023016478.122.24$367
Mar 2023018572.852.39$443
Feb 2023014975.112.47$367
Jan 2023024676.533.39$833
Dec 2022011976.415.73$682
Nov 2022013985.005.65$785
Oct 2022019887.185.86$1,161
Sep 2022021284.888.16$1,731
Aug 2022021894.529.13$1,990
Jul 20220207101.587.54$1,561
Jun 20220206115.097.98$1,643
May 20220232109.378.43$1,956
Apr 20220199104.226.84$1,361
Mar 20220234108.885.08$1,188
Feb 2022036191.054.86$1,754
Jan 2022044481.844.54$2,015
Dec 2021031371.323.90$1,220
Nov 2021024177.435.24$1,262
Oct 2021031979.795.71$1,823
Sep 2021036669.865.35$1,958
Aug 2021043466.024.22$1,832
Jul 2021038170.783.98$1,517
Jun 2021038469.493.38$1,298
May 2021035863.483.02$1,080
Apr 2021039560.362.76$1,090
Mar 2021029461.302.72$799
Feb 2021028557.805.55$1,581
Jan 2021040050.412.81$1,124
Dec 2020042444.642.68$1,134
Nov 2020043038.772.71$1,164
Oct 2020046136.972.48$1,143
Sep 2020046437.091.99$924
Aug 2020052139.982.39$1,243
Jul 2020026638.371.83$485
Jun 2020032434.901.69$548
May 2020045616.921.81$828
Apr 2020057214.751.80$1,032
Mar 2020058030.341.86$1,077
Feb 2020044649.881.98$883
Jan 2020079157.252.09$1,657
Dec 201901,30959.012.30$3,016
Nov 2019096655.302.75$2,657
Oct 201901,33653.472.42$3,231
Sep 201901,87355.052.66$4,977
Aug 201902,15253.112.30$4,959
Jul 201901,58756.272.46$3,904
Jun 201901,23152.782.49$3,067
May 201901,28858.482.74$3,530
Apr 201901,05362.632.75$2,896
Mar 201901,84756.803.06$5,656
Feb 201901,53450.852.79$4,283
Jan 201902,38346.033.23$7,693
Dec 20181753,57446.594.19$23,112
Nov 201801,93552.934.24$8,199
Oct 2018065561.443.40$2,226
Sep 2018033759.543.11$1,047
Aug 2018086759.403.07$2,659
Jul 2018077665.142.93$2,275
Jun 2018076460.183.08$2,351
May 201801,01465.382.90$2,941
Apr 2018042263.842.90$1,224
Mar 2018082461.222.79$2,296
Feb 2018049661.782.77$1,372
Jan 2018053262.874.01$2,133
Dec 2017058057.272.92$1,694
Nov 2017075455.423.12$2,351
Oct 2017091449.292.98$2,727
Sep 2017058147.523.09$1,794
Aug 2017071845.373.00$2,157
Jul 2017079943.873.09$2,467
Jun 2017096342.493.09$2,973
May 2017039945.373.26$1,302
Apr 2017061347.933.21$1,969
Mar 201701,83646.772.98$5,478
Feb 201701,06650.452.95$3,147
Jan 2017074349.413.42$2,540
Dec 201601,10748.763.72$4,121
Nov 201601,09942.492.64$2,906
Oct 201601,33246.193.09$4,116
Sep 201616770041.553.10$9,109
Aug 201601,40141.442.92$4,097
Jul 2016033141.622.92$968
Jun 2016067745.352.69$1,818
May 201601,46242.521.99$2,911
Apr 2016098036.561.99$1,951
Mar 201601,10533.011.79$1,982
Feb 201602,78126.472.06$5,739
Jan 2016015627.352.36$369
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 201501242.992.76$33
Aug 201501,46240.162.87$4,200
Jul 2015080148.152.95$2,359
Jun 2015089356.152.88$2,574
May 2015294555.212.96$2,903
Apr 201501,24249.822.71$3,362
Mar 2015088442.892.93$2,594
Feb 201501,04944.662.98$3,122
Jan 201501,13043.433.10$3,504
Dec 201401,15454.693.59$4,144
Nov 201401,08570.464.25$4,613
Oct 201401,05178.303.90$4,100
Sep 201418784286.164.05$19,518
Aug 201401,10889.394.04$4,471
Jul 2014083496.564.18$3,486
Jun 201401,02898.164.74$4,870
May 201401,03894.734.73$4,906
Apr 201401,08095.944.81$5,194
Mar 2014094895.895.06$4,794
Feb 2014090197.406.19$5,579
Jan 201401,09890.404.86$5,337
Dec 2013095191.824.35$4,141
Nov 2013095888.853.74$3,581
Oct 2013058197.423.78$2,196
Sep 20130817104.113.72$3,037
Aug 20130958104.253.52$3,375
Jul 20130836102.523.72$3,108
Jun 201301,03094.403.93$4,051
May 201301,07994.834.15$4,477
Apr 2013084193.964.28$3,602
Mar 201301,05493.623.91$4,124
Feb 201301,21691.233.42$4,159
Jan 20131841,07691.603.42$20,534
Dec 201201,03086.773.42$3,523
Nov 201201,12286.953.62$4,067
Oct 201201,00389.383.40$3,410
Sep 201201,06094.672.92$3,094
Aug 2012378592.662.91$2,561
Jul 201201,11285.133.02$3,359
Jun 2012085279.822.52$2,146
May 201201,21591.612.49$3,023
Apr 201201,573101.652.00$3,141
Mar 20121812,345105.052.22$24,225
Feb 201201,068101.102.57$2,745
Jan 201201,73298.092.73$4,735
Dec 201101,60696.873.24$5,203
Nov 201101,46095.723.31$4,834
Oct 201101,87784.983.65$6,848
Sep 201101,52483.623.99$6,074
Aug 201101,65083.404.15$6,846
Jul 201101,35794.144.52$6,130
Jun 201101,86092.904.64$8,630
May 201101,60098.134.40$7,048
Apr 201101,878105.964.33$8,138
Mar 201101,74596.364.06$7,080
Feb 201101,84885.644.18$7,725
Jan 201101,69786.504.59$7,787
Dec 201001,32085.734.35$5,739
Nov 201001,34780.843.80$5,112
Oct 201001,40378.103.51$4,923
Sep 201001,42772.633.98$5,679
Aug 201001,59373.684.42$7,040
Jul 201001,58172.554.74$7,488
Jun 201001,49470.364.91$7,336
May 201001,61871.124.24$6,853
Apr 20101781,25981.694.12$19,731
Mar 201001,64678.394.39$7,224
Feb 201001,39273.585.44$7,576
Jan 201001,88674.365.96$11,248
Dec 200902,11171.445.48$11,576
Nov 200902,46174.593.75$9,232
Oct 200902,51072.544.11$10,317
Sep 200902,41565.543.06$7,401
Aug 200902,74967.423.22$8,848
Jul 200901,98961.133.46$6,891
Jun 200902,27766.163.90$8,869
May 20091772,10954.743.93$17,968
Apr 200901,96646.773.59$7,053
Mar 200901,17942.144.06$4,786
Feb 2009098132.814.63$4,545
Jan 200901,40335.865.37$7,536
Dec 200801,54437.105.98$9,229
Nov 200801,34855.496.86$9,248
Oct 200801,83175.246.92$12,674
Sep 200801,650101.767.88$12,997
Aug 200801,940114.228.48$16,457
Jul 200801,869131.0811.39$21,287
Jun 200801,505131.3313.03$19,614
May 200801,732123.1711.57$20,047
Apr 20081751,055110.3110.45$30,334
Mar 200801,247101.909.66$12,051
Feb 200801,20092.538.77$10,525
Jan 2008088390.388.21$7,246
Dec 200701,04188.337.30$7,601
Nov 200701,19691.677.29$8,721
Oct 200701,17682.856.92$8,140
Sep 200701,08275.846.24$6,756
Aug 200701,52369.066.39$9,729
Jul 200701,65870.906.39$10,591
Jun 200702,01762.007.55$15,225
May 200701,82858.747.85$14,343
Apr 200702,16659.617.81$16,906
Mar 200722,30756.927.30$16,959
Feb 20071811,65155.108.22$23,538
Jan 200711,83150.306.73$12,367
Dec 200601,91656.656.92$13,256
Nov 200611,53954.207.62$11,778
Oct 200601,54554.906.01$9,291
Sep 200601,07060.085.04$5,390
Aug 200601,37268.717.34$10,070
Jul 200601,51469.376.34$9,603
Jun 2006088766.286.38$5,663
May 20061901,37966.016.42$21,402
Apr 200601,37464.397.36$10,113
Mar 200601,40556.707.08$9,952
Feb 2006074157.597.75$5,744
Jan 200611,10160.598.93$9,896
Dec 2005132754.9413.42$4,442
Nov 2005040854.6910.59$4,320
Oct 2005050958.3413.80$7,022
Sep 2005056461.4512.08$6,813
Aug 2005039661.519.80$3,880
Jul 2005168755.697.84$5,444
Jun 2005080752.337.38$5,957
May 200518282345.226.65$13,704
Apr 2005068249.207.36$5,020
Mar 2005066350.377.15$4,744
Feb 2005047045.226.31$2,967
Jan 200501,93043.166.32$12,202
Dec 2004060339.866.75$4,071
Nov 2004049145.286.33$3,108
Oct 2004093749.706.52$6,105
Sep 2004084643.245.28$4,470
Aug 2004097942.375.55$5,434
Jul 200401,17138.286.08$7,125
Jun 2004097936.106.43$6,298
May 200418654637.486.49$10,517
Apr 2004087234.475.86$5,109
Mar 2004069834.365.53$3,860
Feb 2004082232.455.51$4,529
Jan 2004191632.036.30$5,803
Dec 2003089230.266.30$5,621
Nov 2003084028.804.60$3,860
Oct 200301,11828.174.76$5,321
Sep 200301,19826.314.75$5,690
Aug 200301,11529.765.13$5,720
Jul 200301,03429.415.17$5,347
Jun 20031781,05528.565.98$11,396
May 200301,22126.595.97$7,293
Apr 200311,52926.675.41$8,294
Mar 200301,13931.146.10$6,943
Feb 2003087633.487.93$6,943
Jan 200301,17830.315.58$6,576
Dec 200201,73926.914.85$8,441
Nov 200202,08324.664.14$8,617
Oct 200201,98926.464.23$8,412
Sep 200205,04527.443.64$18,340
Aug 200215,41425.963.16$17,157
Jul 200225,17124.583.06$15,882
Jun 200204,94623.733.34$16,511
May 200265,31624.663.58$19,201
Apr 200205,23523.653.51$18,387
Mar 200205,67122.003.10$17,596
Feb 200204,68618.222.38$11,132
Jan 20021305,30417.172.38$14,833
Dec 200104,96816.932.36$11,746
Nov 200105,20418.072.41$12,518
Oct 200105,67519.782.53$14,351
Sep 200105,38924.262.25$12,132
Aug 200104,77424.873.05$14,576
Jul 200135,27523.933.20$16,936
Jun 200104,62824.563.82$17,698
May 200105,07625.524.31$21,864
Apr 200135,03224.685.34$26,921
Mar 200105,08324.545.38$27,328
Feb 200105,47427.755.77$31,569
Jan 200154,11127.478.40$34,665
Dec 200004,14226.889.12$37,785
Nov 200004,65032.215.66$26,310
Oct 200004,52431.235.15$23,278
Sep 200004,43031.875.19$22,976
Aug 200004,96329.644.54$22,536
Jul 200003,58628.534.09$14,666
Jun 200004,19629.304.40$18,451
May 200004,53727.263.68$16,695
Apr 200004,49924.513.12$14,019
Mar 200004,54128.422.86$12,986
Feb 200034,67027.622.73$12,816
Jan 200005,07225.272.48$12,581
Dec 199905,14424.282.42$12,468
Nov 199905,13623.192.43$12,501
Oct 199935,89520.982.80$16,591
Sep 199905,26221.752.62$13,780
Aug 19991965,75319.262.88$20,318
Jul 199906,07517.892.37$14,412
Jun 199905,55315.942.36$13,117
May 199905,32815.792.32$12,366
Apr 199905,21715.102.21$11,519
Mar 199905,87612.471.84$10,802
Feb 199904,9909.981.82$9,071
Jan 19992005,73010.381.90$12,963
Dec 199806,7109.201.77$11,899
Nov 199807,23310.892.19$15,809
Oct 199805,58712.421.97$11,002
Sep 199805,71812.592.08$11,908
Aug 199805,68711.301.91$10,847
Jul 19981963,76611.742.24$10,727
Jun 199804,82411.242.24$10,793
May 199804,33612.622.21$9,567
Apr 199804,73213.042.51$11,855
Mar 199804,23112.802.31$9,771
Feb 199804,48713.952.30$10,316
Jan 199804,76614.702.15$10,270
Dec 199706,26916.322.41$15,115
Nov 199704,91818.193.09$15,188
Oct 199703,80919.253.15$11,998
Sep 199703,67417.742.95$10,856
Aug 199704,57817.862.55$11,696
Jul 199705,81917.582.25$13,075
Jun 199705,73117.242.26$12,936
May 19971856,03618.972.31$17,444
Apr 199702,36917.882.08$4,934
Mar 199702,31818.951.94$4,495
Feb 19971892,32720.492.21$9,006
Jan 199701,93323.483.54$6,842
Dec 199602,66923.32$0
Nov 199602,16121.97$0
Oct 199601,98123.31$0
Sep 19961922,07522.22$4,266
Aug 199602,75620.26$0
Jul 199602,36619.55$0
Jun 199602,37818.73$0
May 199602,87619.43$0
Apr 19961942,20921.51$4,173
Mar 199602,78719.38$0
Feb 199602,53816.98$0
Jan 199602,91517.07$0
Dec 199502,89217.19$0
Nov 199502,79116.00$0
Oct 19951793,18915.43$2,762
Sep 199502,84116.18$0
Aug 199503,03515.92$0
Jul 199503,12415.24$0
Jun 19951852,79916.41$3,036
May 199502,88517.56$0
Apr 199502,57817.73$0
Mar 19951903,53316.44$3,124
Feb 199503,00116.58$0
Jan 199502,47815.92$0
Dec 199402,32915.03$0
Nov 199412,77915.90$16
Oct 19941793,45915.58$2,789
Sep 199403,17415.29$0
Aug 19941903,88916.13$3,065
Jul 199424,25617.56$35
Jun 199413,75517.09$17
May 199414,75915.88$16
Apr 19941887,26714.14$2,658
Mar 19941872,97612.46$2,330
Feb 199423,04112.50$25
Jan 199402,57012.66$0
Dec 199325,01412.33$25
Nov 19931965,41414.49$2,840
Oct 19931774,43715.85$2,805
Sep 199314,63515.03$15
Aug 199336,10715.66$47
Jul 199325,89115.46$31
Jun 19931975,74716.79$3,308
May 199316,28017.68$18
Apr 19931906,63618.05$3,430
Mar 199316,75318.14$18
Feb 19932036,66917.90$3,634
Jan 19932049,89516.93$3,454

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 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 67.70 =         $0
Gas                  246 Mcf  × $  4.27 =     $1,050

────────────────────────────────────────────────────
Month total                                   $1,050

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/142218 is the state's own key, not one this site invented.