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 144381District 06Field 977521002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.6 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 Gas221993-04-16 – 1999-02-192 dockets
NGPA2none

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
CondensateDisposition11,656 bbl$244,014
GasProduction1,179,521 Mcf$2,337,101
Total$2,581,115

512,774 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 32.5918, -94.7326. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.59176, -94.73264 · 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
10,976 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 10,976 ft.

Completions filed
Jun 2016
1 of 1 wells

1 well

42-18330929310,976 ftJun 2016

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 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 20230078.122.24$0
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 2019172853.112.30$9,153
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 201905762.632.75$157
Mar 20190756.803.06$21
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 201802861.443.40$95
Sep 201802359.543.11$71
Aug 201807659.403.07$233
Jul 2018038465.142.93$1,126
Jun 2018090360.183.08$2,778
May 201801,49465.382.90$4,334
Apr 201801,12763.842.90$3,269
Mar 201802,43461.222.79$6,783
Feb 201802,04361.782.77$5,651
Jan 201802,26462.874.01$9,077
Dec 201702,28657.272.92$6,679
Nov 201702,14155.423.12$6,676
Oct 201702,11149.292.98$6,299
Sep 201701,68047.523.09$5,187
Aug 201701,66245.373.00$4,993
Jul 201701,50143.873.09$4,634
Jun 201701,04442.493.09$3,223
May 2017056345.373.26$1,837
Apr 201701,25347.933.21$4,024
Mar 201701,15546.772.98$3,446
Feb 201701,15650.452.95$3,413
Jan 201701,13149.413.42$3,867
Dec 20160048.763.72$0
Nov 2016041942.492.64$1,108
Oct 2016037346.193.09$1,153
Sep 2016075241.553.10$2,332
Aug 201609941.442.92$290
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016034642.521.99$689
Apr 2016063436.561.99$1,262
Mar 201601,01133.011.79$1,814
Feb 2016287926.472.06$1,867
Jan 2016076027.352.36$1,797
Dec 2015089032.362.00$1,781
Nov 2015075838.792.17$1,643
Oct 2015076343.552.43$1,851
Sep 2015077142.992.76$2,127
Aug 2015076940.162.87$2,209
Jul 2015096248.152.95$2,833
Jun 2015090456.152.88$2,606
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 20140598.164.74$24
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 2013130688.853.74$1,233
Oct 2013064597.423.78$2,438
Sep 201300104.113.72$0
Aug 20130387104.253.52$1,363
Jul 2013013102.523.72$48
Jun 2013029194.403.93$1,145
May 20130094.834.15$0
Apr 201301,45893.964.28$6,244
Mar 20130093.623.91$0
Feb 2013046591.233.42$1,590
Jan 20131730691.603.42$2,604
Dec 201203,17686.773.42$10,862
Nov 201204,31086.953.62$15,624
Oct 201204,40489.383.40$14,972
Sep 201204,26894.672.92$12,456
Aug 2012164,48392.662.91$14,520
Jul 20121753,73885.133.02$26,190
Jun 201203,92579.822.52$9,887
May 201203,81891.612.49$9,500
Apr 201204,133101.652.00$8,253
Mar 201204,706105.052.22$10,457
Feb 201203,988101.102.57$10,250
Jan 201204,60198.092.73$12,580
Dec 201105,15696.873.24$16,704
Nov 201104,27595.723.31$14,156
Oct 201105,09084.983.65$18,571
Sep 201105,19783.623.99$20,714
Aug 201105,58683.404.15$23,178
Jul 201105,92394.144.52$26,756
Jun 201105,75392.904.64$26,693
May 201104,51998.134.40$19,905
Apr 201104,254105.964.33$18,434
Mar 201104,46796.364.06$18,124
Feb 201104,52785.644.18$18,923
Jan 201105,04486.504.59$23,146
Dec 201004,94585.734.35$21,500
Nov 201005,46180.843.80$20,726
Oct 201007,16978.103.51$25,155
Sep 201007,15272.633.98$28,461
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100170.364.91$5
May 20100471.124.24$17
Apr 201001081.694.12$41
Mar 201001978.394.39$83
Feb 201001073.585.44$54
Jan 201008974.365.96$531
Dec 200904671.445.48$252
Nov 200903474.593.75$128
Oct 200902872.544.11$115
Sep 200902565.543.06$77
Aug 200902467.423.22$77
Jul 2009133861.133.46$926
Jun 20091655366.163.90$11,123
May 200905054.743.93$196
Apr 200903046.773.59$108
Mar 200905842.144.06$235
Feb 200905332.814.63$246
Jan 200907435.865.37$397
Dec 200806137.105.98$365
Nov 200807455.496.86$508
Oct 2008010875.246.92$748
Sep 2008073101.767.88$575
Aug 2008078114.228.48$662
Jul 2008078131.0811.39$888
Jun 2008095131.3313.03$1,238
May 2008080123.1711.57$926
Apr 20080120110.3110.45$1,255
Mar 20080157101.909.66$1,517
Feb 200809392.538.77$816
Jan 200802990.388.21$238
Dec 200704588.337.30$329
Nov 2007012791.677.29$926
Oct 200709982.856.92$685
Sep 200704775.846.24$293
Aug 200706669.066.39$422
Jul 200708670.906.39$549
Jun 200705562.007.55$415
May 2007010958.747.85$855
Apr 200706559.617.81$507
Mar 2007017356.927.30$1,263
Feb 200704755.108.22$386
Jan 200701750.306.73$114
Dec 2006014356.656.92$989
Nov 200602154.207.62$160
Oct 200603654.906.01$217
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20061157.597.75$65
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 200402537.486.49$162
Apr 20045677234.475.86$6,453
Mar 200493,50534.365.53$19,692
Feb 200442,50732.455.51$13,942
Jan 2004792,68532.036.30$19,445
Dec 2003182,71730.266.30$17,666
Nov 200392,30128.804.60$10,833
Oct 2003492,54428.174.76$13,489
Sep 200304,35126.314.75$20,664
Aug 200303,90529.765.13$20,032
Jul 2003293,99729.415.17$21,521
Jun 2003944,44628.565.98$29,285
May 200305,63326.595.97$33,644
Apr 2003224,69526.675.41$25,974
Mar 2003183,77131.146.10$23,549
Feb 20031342,19633.487.93$21,892
Jan 200383,77530.315.58$21,315
Dec 2002164,77226.914.85$23,593
Nov 200297,26724.664.14$30,285
Oct 2002763,78226.464.23$18,005
Sep 2002214,72527.443.64$17,753
Aug 2002115,15225.963.16$16,587
Jul 2002154,40924.583.06$13,868
Jun 2002184,52323.733.34$15,526
May 20021764,31124.663.58$19,791
Apr 200204,41623.653.51$15,510
Mar 200205,53122.003.10$17,161
Feb 200204,20618.222.38$9,992
Jan 200203,26617.172.38$7,759
Dec 200103,81316.932.36$9,015
Nov 2001564,78618.072.41$12,525
Oct 2001865,10119.782.53$14,601
Sep 2001385,17024.262.25$12,561
Aug 2001144,98124.873.05$15,556
Jul 2001474,92223.933.20$16,861
Jun 2001744,85024.563.82$20,365
May 2001124,63325.524.31$20,262
Apr 20011585,66824.685.34$34,140
Mar 200185,96524.545.38$32,267
Feb 200164,18227.755.77$24,284
Jan 200198,76527.478.40$73,862
Dec 200010810,07626.889.12$94,821
Nov 20001811,30232.215.66$64,527
Oct 2000737,97231.235.15$43,300
Sep 20002037,29131.875.19$44,284
Aug 2000546,26829.644.54$30,062
Jul 200076,22328.534.09$25,650
Jun 20001098,23829.304.40$39,418
May 20008912,26927.263.68$47,573
Apr 200004,73424.513.12$14,751
Mar 2000431,13828.422.86$4,476
Feb 200009327.622.73$254
Jan 20001024825.272.48$2,697
Dec 199904924.282.42$119
Nov 199901,61923.192.43$3,941
Oct 199906320.982.80$177
Sep 199906121.752.62$160
Aug 1999079019.262.88$2,272
Jul 199908117.892.37$192
Jun 1999041315.942.36$976
May 1999058715.792.32$1,362
Apr 199901,01215.102.21$2,235
Mar 19991497,45912.471.84$15,570
Feb 19991122,2449.981.82$40,545
Jan 199902,49410.381.90$4,738
Dec 199801,1819.201.77$2,094
Nov 199802,13910.892.19$4,675
Oct 1998366,97812.421.97$14,188
Sep 19988710,58612.592.08$23,142
Aug 199806,46511.301.91$12,331
Jul 1998684,39311.742.24$10,627
Jun 199812413,82211.242.24$32,317
May 199810812,13312.622.21$28,132
Apr 199820829,47113.042.51$76,547
Mar 199826745,92212.802.31$109,472
Feb 199803,65313.952.30$8,399
Jan 19981214,97014.702.15$12,488
Dec 199704,89016.322.41$11,790
Nov 19972734,93518.193.09$20,206
Oct 199704,79619.253.15$15,107
Sep 19971294,02417.742.95$14,179
Aug 199704,19717.862.55$10,722
Jul 19971374,80817.582.25$13,212
Jun 199704,91917.242.26$11,103
May 19971335,11118.972.31$14,322
Apr 199705,60617.882.08$11,676
Mar 19971444,49118.951.94$11,437
Feb 19971315,99020.492.21$15,898
Jan 199705,32823.483.54$18,860
Dec 19961335,72423.32$3,102
Nov 199605,57721.97$0
Oct 19961235,91823.31$2,867
Sep 199606,34722.22$0
Aug 19961256,61120.26$2,533
Jul 199605,02419.55$0
Jun 19961205,71818.73$2,248
May 19961216,98719.43$2,351
Apr 19961245,86221.51$2,667
Mar 199607,93419.38$0
Feb 19961298,48716.98$2,190
Jan 19961277,48317.07$2,168
Dec 199507,56317.19$0
Nov 19952308,02016.00$3,680
Oct 19951218,75915.43$1,867
Sep 199507,52916.18$0
Aug 19952099,45015.92$3,327
Jul 19951078,37215.24$1,631
Jun 19951258,05016.41$2,051
May 1995938,45717.56$1,633
Apr 19951078,22217.73$1,897
Mar 1995928,82016.44$1,512
Feb 19952008,31816.58$3,316
Jan 199508,12615.92$0
Dec 19943097,90115.03$4,644
Nov 199408,74415.90$0
Oct 19941199,40215.58$1,854
Sep 19941188,59415.29$1,804
Aug 19941059,58016.13$1,694
Jul 199423410,28217.56$4,109
Jun 1994111,48817.09$17
May 199423512,90115.88$3,732
Apr 199412314,47814.14$1,739
Mar 199423610,99412.46$2,941
Feb 19941268,42812.50$1,575
Jan 19942359,99912.66$2,975
Dec 199313710,18112.33$1,689
Nov 199312438,33714.49$1,797
Oct 199325410,09915.85$4,026
Sep 199312511,32615.03$1,879
Aug 199327013,49315.66$4,228
Jul 199312413,93415.46$1,917
Jun 199333314,77916.79$5,591
May 199324417,43117.68$4,314
Apr 199311818,61318.05$2,130
Mar 199323519,86318.14$4,263
Feb 199344720,57917.90$8,001
Jan 199324523,99016.93$4,148

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.

Aug 2019 — as filed, then multipliedworked
Condensate           172 bbl  × $ 53.11 =     $9,135
Gas                    8 Mcf  × $  2.30 =        $18

────────────────────────────────────────────────────
Month total                                   $9,153

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/144381 is the state's own key, not one this site invented.