FAULCONER-KEY

Operated by SMITH RESOURCES, L.L.C. (P-5 796070) in the WARE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145040District 06Field 952205002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.0 M
Mar 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
399
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 54 leases and 54 wells, and the rule below applies to all of them.

Discovered
1983-10-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 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 2015-07-14.

The Commission's schedule remark for this field reads: BUT REMAINS SUSPENDED. P-15 AND PRORATION PLAT REQUIRED.

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 Gas111993-06-19127442
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
CondensateDisposition3,575 bbl$69,811
GasProduction860,242 Mcf$1,889,949
Total$1,959,760

416,851 Mcf of this lease's gas, across 46 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 32.4897, -94.3202. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48969, -94.32017 · 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
10,150 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 10,150 ft.

Completions filed
Mar 1993
1 of 1 wells

1 well

42-20332184110,150 ftMar 1993

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 (399)

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

399 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 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 20130297.423.78$8
Sep 201301104.113.72$4
Aug 201300104.253.52$0
Jul 201301102.523.72$4
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130193.964.28$4
Mar 20130593.623.91$20
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120186.773.42$3
Nov 20120386.953.62$11
Oct 201201689.383.40$54
Sep 201203794.672.92$108
Aug 201209092.662.91$262
Jul 201203585.133.02$106
Jun 201208779.822.52$219
May 201201891.612.49$45
Apr 2012021101.652.00$42
Mar 201200105.052.22$0
Feb 2012058101.102.57$149
Jan 20120998.092.73$25
Dec 201102096.873.24$65
Nov 20110795.723.31$23
Oct 20110884.983.65$29
Sep 20110483.623.99$16
Aug 20110283.404.15$8
Jul 201105594.144.52$248
Jun 201102192.904.64$97
May 20110398.134.40$13
Apr 2011026105.964.33$113
Mar 201104096.364.06$162
Feb 201107685.644.18$318
Jan 201104586.504.59$207
Dec 201008985.734.35$387
Nov 201004080.843.80$152
Oct 201001078.103.51$35
Sep 201009872.633.98$390
Aug 201005873.684.42$256
Jul 201003572.554.74$166
Jun 201004270.364.91$206
May 201003171.124.24$131
Apr 201004181.694.12$169
Mar 201002178.394.39$92
Feb 201001373.585.44$71
Jan 201002274.365.96$131
Dec 200902871.445.48$154
Nov 200902574.593.75$94
Oct 200908272.544.11$337
Sep 200989365.543.06$809
Aug 20090067.423.22$0
Jul 200945061.133.46$418
Jun 200904666.163.90$179
May 200901054.743.93$39
Apr 200901046.773.59$36
Mar 200901542.144.06$61
Feb 2009017232.814.63$797
Jan 200901135.865.37$59
Dec 200833537.105.98$321
Nov 200801255.496.86$82
Oct 200808475.246.92$581
Sep 20080404101.767.88$3,182
Aug 2008022114.228.48$187
Jul 2008071131.0811.39$809
Jun 2008038131.3313.03$495
May 200807123.1711.57$81
Apr 2008012110.3110.45$125
Mar 20080106101.909.66$1,024
Feb 200801092.538.77$88
Jan 2008053590.388.21$4,390
Dec 2007037088.337.30$2,702
Nov 2007034391.677.29$2,501
Oct 200701,31682.856.92$9,109
Sep 2007036975.846.24$2,304
Aug 2007052069.066.39$3,322
Jul 200701,73270.906.39$11,064
Jun 200712,09662.007.55$15,884
May 200701,44958.747.85$11,369
Apr 2007048359.617.81$3,770
Mar 20070056.927.30$0
Feb 2007057955.108.22$4,757
Jan 2007081450.306.73$5,476
Dec 2006053956.656.92$3,729
Nov 2006055154.207.62$4,197
Oct 200611,06654.906.01$6,466
Sep 2006138560.085.04$1,999
Aug 200601,17768.717.34$8,639
Jul 2006152,28869.376.34$15,553
Jun 2006212,88766.286.38$19,822
May 200643,23266.016.42$21,030
Apr 200601,93164.397.36$14,213
Mar 200602,21456.707.08$15,682
Feb 200602,29257.597.75$17,766
Jan 200603,10060.598.93$27,693
Dec 200512,46154.9413.42$33,070
Nov 200501,71354.6910.59$18,138
Oct 200502,41658.3413.80$33,331
Sep 200502,78461.4512.08$33,628
Aug 200503,31761.519.80$32,496
Jul 200502,52155.697.84$19,774
Jun 200503,15552.337.38$23,287
May 200502,06645.226.65$13,741
Apr 200502,00849.207.36$14,780
Mar 200502,76850.377.15$19,805
Feb 200503,23945.226.31$20,444
Jan 200532,33543.166.32$14,892
Dec 200432,36939.866.75$16,113
Nov 200433,00845.286.33$19,178
Oct 200401,77049.706.52$11,532
Sep 200462,65643.245.28$14,293
Aug 200403,43642.375.55$19,072
Jul 200403,02438.286.08$18,399
Jun 2004212,29736.106.43$15,535
May 200402,84537.486.49$18,477
Apr 200403,51134.475.86$20,569
Mar 200403,38834.365.53$18,736
Feb 200402,33032.455.51$12,837
Jan 200402,46532.036.30$15,529
Dec 200302,75430.266.30$17,355
Nov 20031874,00828.804.60$23,803
Oct 200303,13428.174.76$14,917
Sep 2003183,23226.314.75$15,824
Aug 200363,02229.765.13$15,681
Jul 200333,53229.415.17$18,352
Jun 200363,11328.565.98$18,796
May 200303,51626.595.97$21,000
Apr 200304,12726.675.41$22,316
Mar 200303,10931.146.10$18,953
Feb 200303,21633.487.93$25,490
Jan 200303,71030.315.58$20,709
Dec 200243,53926.914.85$17,285
Nov 2002273,93624.664.14$16,949
Oct 200283,34526.464.23$14,358
Sep 2002684,94927.443.64$19,857
Aug 2002364,89325.963.16$16,417
Jul 2002183,41924.583.06$10,911
Jun 200274,08523.733.34$13,803
May 200253,79224.663.58$13,714
Apr 2002163,71023.653.51$13,409
Mar 2002124,32422.003.10$13,680
Feb 200283,19318.222.38$7,731
Jan 2002113,08717.172.38$7,523
Dec 200143,83916.932.36$9,145
Nov 2001113,63818.072.41$8,950
Oct 2001134,50719.782.53$11,655
Sep 200184,71324.262.25$10,805
Aug 2001164,98124.873.05$15,606
Jul 2001266,07623.933.20$20,048
Jun 2001366,61224.563.82$26,170
May 2001105,06125.524.31$22,055
Apr 200101,85724.685.34$9,908
Mar 200101,81224.545.38$9,742
Feb 200153,37527.755.77$19,603
Jan 200103,45327.478.40$29,001
Dec 200013,99226.889.12$36,444
Nov 200004,39432.215.66$24,861
Oct 200025,09831.235.15$26,294
Sep 200002,64931.875.19$13,739
Aug 200004,10929.644.54$18,658
Jul 200003,77228.534.09$15,427
Jun 200004,12029.304.40$18,117
May 200004,01627.263.68$14,778
Apr 200005,11024.513.12$15,923
Mar 2000104,59328.422.86$13,419
Feb 200044,28027.622.73$11,780
Jan 2000114,94625.272.48$12,547
Dec 199934,10924.282.42$10,032
Nov 1999114,32423.192.43$10,780
Oct 1999103,96820.982.80$11,335
Sep 1999104,80021.752.62$12,788
Aug 199955,69419.262.88$16,470
Jul 19991333,77217.892.37$11,328
Jun 199934,24615.942.36$10,077
May 199924,77115.792.32$11,105
Apr 199944,65815.102.21$10,346
Mar 199904,79612.471.84$8,817
Feb 199964,2059.981.82$7,704
Jan 199953,86810.381.90$7,401
Dec 199824,2279.201.77$7,514
Nov 199834,01010.892.19$8,797
Oct 19981224,03912.421.97$9,469
Sep 199813,43112.592.08$7,158
Aug 199804,07811.301.91$7,778
Jul 199804,49311.742.24$10,052
Jun 199813,56311.242.24$7,983
May 199853,56712.622.21$7,933
Apr 199853,58113.042.51$9,037
Mar 199803,84412.802.31$8,877
Feb 19981783,36613.952.30$10,222
Jan 199863,50314.702.15$7,636
Dec 199704,16416.322.41$10,040
Nov 199704,56818.193.09$14,107
Oct 199705,03819.253.15$15,869
Sep 199705,08717.742.95$15,031
Aug 199705,29917.862.55$13,538
Jul 199704,71717.582.25$10,599
Jun 1997874,82217.242.26$12,384
May 199704,90718.972.31$11,328
Apr 199705,20217.882.08$10,835
Mar 199704,70018.951.94$9,114
Feb 199704,76220.492.21$10,505
Jan 19971064,77923.483.54$19,405
Dec 1996125,50023.32$280
Nov 19961887,01721.97$4,130
Oct 199632,44223.31$70
Sep 199672,36522.22$156
Aug 1996153,31320.26$304
Jul 1996143,72519.55$274
Jun 1996194,27418.73$356
May 1996113,72619.43$214
Apr 1996114,66221.51$237
Mar 1996115,13119.38$213
Feb 1996175,05916.98$289
Jan 1996115,75517.07$188
Dec 1995105,29817.19$172
Nov 199595,87616.00$144
Oct 1995125,78915.43$185
Sep 1995245,61216.18$388
Aug 19951985,72215.92$3,152
Jul 199505,85115.24$0
Jun 1995156,13916.41$246
May 199596,31917.56$158
Apr 1995126,44417.73$213
Mar 1995177,22216.44$279
Feb 19951945,92516.58$3,217
Jan 1995178,32415.92$271
Dec 199497,68915.03$135
Nov 1994336,85615.90$525
Oct 199406,68615.58$0
Sep 1994136,45215.29$199
Aug 1994137,32616.13$210
Jul 1994137,64017.56$228
Jun 19942077,59317.09$3,538
May 199478,45615.88$111
Apr 1994148,70314.14$198
Mar 1994010,44712.46$0
Feb 1994129,83212.50$150
Jan 1994011,28912.66$0
Dec 19932012,57912.33$247
Nov 1993914,09614.49$130
Oct 1993516,84715.85$79
Sep 19931618,69015.03$240
Aug 1993717,40415.66$110
Jul 199338623,76815.46$5,968
Jun 199318925,42116.79$3,173
May 199319727,00517.68$3,483
Apr 199318625,26618.05$3,357
Mar 199339,31618.14$54

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.

Oct 2013 — as filed, then multipliedworked
Condensate             0 bbl  × $ 97.42 =         $0
Gas                    2 Mcf  × $  3.78 =         $8

────────────────────────────────────────────────────
Month total                                       $8

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/145040 is the state's own key, not one this site invented.