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 146519District 06Field 952205002 tax incentive programmesCondensateGasSaveExport
Value, all time
$631 k
Aug 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
394
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 Gas111994-05-16130098
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
CondensateDisposition531 bbl$13,325
GasProduction322,340 Mcf$617,661
Total$630,986

165,728 Mcf of this lease's gas, across 41 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 32.4886, -94.3096. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48857, -94.30963 · 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
10,060 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 10,060 ft.

Completions filed
Aug 1993
1 of 1 wells

1 well

42-20332208210,060 ftAug 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 (394)

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

394 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 201402097.406.19$124
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130497.423.78$15
Sep 201305104.113.72$19
Aug 201300104.253.52$0
Jul 201303102.523.72$11
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130193.964.28$4
Mar 20130793.623.91$27
Feb 20130191.233.42$3
Jan 20130191.603.42$3
Dec 20120186.773.42$3
Nov 20120586.953.62$18
Oct 2012019089.383.40$646
Sep 2012013494.672.92$391
Aug 2012020192.662.91$585
Jul 2012027085.133.02$816
Jun 2012020079.822.52$504
May 2012020091.612.49$498
Apr 20120300101.652.00$599
Mar 201200105.052.22$0
Feb 20120400101.102.57$1,028
Jan 201202098.092.73$55
Dec 201102596.873.24$81
Nov 201101595.723.31$50
Oct 201102084.983.65$73
Sep 201102083.623.99$80
Aug 201101583.404.15$62
Jul 2011035094.144.52$1,581
Jun 2011050092.904.64$2,320
May 201101498.134.40$62
Apr 20110203105.964.33$880
Mar 2011010096.364.06$406
Feb 2011012885.644.18$535
Jan 2011050586.504.59$2,317
Dec 2010010085.734.35$435
Nov 2010030080.843.80$1,139
Oct 2010014078.103.51$491
Sep 2010020072.633.98$796
Aug 2010032073.684.42$1,414
Jul 2010037272.554.74$1,762
Jun 2010040070.364.91$1,964
May 2010035571.124.24$1,504
Apr 2010038681.694.12$1,591
Mar 2010046078.394.39$2,019
Feb 2010029073.585.44$1,578
Jan 2010036474.365.96$2,171
Dec 2009030071.445.48$1,645
Nov 2009038774.593.75$1,452
Oct 2009040072.544.11$1,644
Sep 2009040065.543.06$1,226
Aug 20090067.423.22$0
Jul 2009045061.133.46$1,559
Jun 2009040066.163.90$1,558
May 200904354.743.93$169
Apr 200901646.773.59$57
Mar 2009013342.144.06$540
Feb 2009028632.814.63$1,325
Jan 2009010035.865.37$537
Dec 2008031237.105.98$1,865
Nov 2008021255.496.86$1,454
Oct 2008026275.246.92$1,814
Sep 20080652101.767.88$5,136
Aug 2008012114.228.48$102
Jul 2008013131.0811.39$148
Jun 2008019131.3313.03$248
May 2008010123.1711.57$116
Apr 2008020110.3110.45$209
Mar 20080114101.909.66$1,102
Feb 200801092.538.77$88
Jan 2008015690.388.21$1,280
Dec 2007045488.337.30$3,315
Nov 2007048691.677.29$3,544
Oct 200701,42382.856.92$9,850
Sep 2007041275.846.24$2,573
Aug 2007072169.066.39$4,606
Jul 2007053070.906.39$3,386
Jun 2007041362.007.55$3,118
May 2007057658.747.85$4,519
Apr 2007046259.617.81$3,606
Mar 20070056.927.30$0
Feb 2007038355.108.22$3,147
Jan 2007032350.306.73$2,173
Dec 2006050256.656.92$3,473
Nov 2006032754.207.62$2,491
Oct 200601,34054.906.01$8,058
Sep 2006014660.085.04$735
Aug 2006029468.717.34$2,158
Jul 2006044569.376.34$2,823
Jun 2006058666.286.38$3,741
May 2006046966.016.42$3,013
Apr 2006041664.397.36$3,062
Mar 2006040756.707.08$2,883
Feb 2006033457.597.75$2,589
Jan 2006053760.598.93$4,797
Dec 2005051954.9413.42$6,963
Nov 2005044654.6910.59$4,722
Oct 2005034758.3413.80$4,787
Sep 2005042861.4512.08$5,170
Aug 2005063761.519.80$6,241
Jul 2005070055.697.84$5,491
Jun 2005074852.337.38$5,521
May 2005049845.226.65$3,312
Apr 2005043049.207.36$3,165
Mar 2005085250.377.15$6,096
Feb 2005060345.226.31$3,806
Jan 200518453543.166.32$11,324
Dec 2004042139.866.75$2,842
Nov 2004060245.286.33$3,811
Oct 2004062949.706.52$4,098
Sep 2004068743.245.28$3,630
Aug 2004068242.375.55$3,786
Jul 2004056238.286.08$3,419
Jun 2004060936.106.43$3,918
May 2004074937.486.49$4,864
Apr 2004072734.475.86$4,259
Mar 2004089334.365.53$4,938
Feb 2004074232.455.51$4,088
Jan 2004077632.036.30$4,889
Dec 2003075330.266.30$4,745
Nov 2003081728.804.60$3,754
Oct 2003081528.174.76$3,879
Sep 20031070226.314.75$3,597
Aug 2003073329.765.13$3,760
Jul 2003086029.415.17$4,447
Jun 2003090528.565.98$5,415
May 200301,29426.595.97$7,729
Apr 2003082026.675.41$4,434
Mar 2003073631.146.10$4,487
Feb 2003064433.487.93$5,104
Jan 2003075430.315.58$4,209
Dec 2002071626.914.85$3,475
Nov 2002089024.664.14$3,682
Oct 2002082626.464.23$3,493
Sep 2002094027.443.64$3,417
Aug 2002094025.963.16$2,974
Jul 200211,00524.583.06$3,102
Jun 2002069523.733.34$2,320
May 2002091924.663.58$3,294
Apr 2002090423.653.51$3,175
Mar 2002191022.003.10$2,845
Feb 2002196218.222.38$2,304
Jan 200221,00617.172.38$2,424
Dec 2001187216.932.36$2,079
Nov 200121,06418.072.41$2,596
Oct 2001099619.782.53$2,519
Sep 2001098224.262.25$2,211
Aug 200111,09724.873.05$3,374
Jul 200101,00623.933.20$3,216
Jun 200111,15324.563.82$4,434
May 200101,19825.524.31$5,160
Apr 200101,25224.685.34$6,680
Mar 200111,24124.545.38$6,697
Feb 2001294627.755.77$5,511
Jan 2001093927.478.40$7,886
Dec 200001,32426.889.12$12,078
Nov 2000097032.215.66$5,488
Oct 200001,02931.235.15$5,295
Sep 200001,08431.875.19$5,622
Aug 200001,09729.644.54$4,981
Jul 200001,10628.534.09$4,523
Jun 200001,08129.304.40$4,753
May 200001,04927.263.68$3,860
Apr 200001,25024.513.12$3,895
Mar 200051,34028.422.86$3,974
Feb 200011,32527.622.73$3,640
Jan 200001,23225.272.48$3,056
Dec 199901,33424.282.42$3,233
Nov 199911,20823.192.43$2,963
Oct 199911,12020.982.80$3,161
Sep 199911,40921.752.62$3,712
Aug 199911,47419.262.88$4,258
Jul 1999731,58517.892.37$5,066
Jun 199901,39015.942.36$3,283
May 199901,62415.792.32$3,769
Apr 199901,63015.102.21$3,599
Mar 199901,85812.471.84$3,416
Feb 199901,4719.981.82$2,674
Jan 199911,93610.381.90$3,689
Dec 199801,7789.201.77$3,153
Nov 199801,89110.892.19$4,133
Oct 19981682,34312.421.97$6,700
Sep 199801,88112.592.08$3,917
Aug 199801,90511.301.91$3,634
Jul 199802,07111.742.24$4,633
Jun 199802,27911.242.24$5,099
May 199811,84612.622.21$4,086
Apr 199801,91313.042.51$4,793
Mar 199802,09312.802.31$4,834
Feb 199811,80913.952.30$4,173
Jan 199811,78014.702.15$3,850
Dec 199702,02616.322.41$4,885
Nov 199702,35318.193.09$7,267
Oct 199702,39719.253.15$7,550
Sep 199702,66117.742.95$7,863
Aug 199702,46417.862.55$6,295
Jul 199702,66317.582.25$5,984
Jun 199702,80717.242.26$6,336
May 199702,79818.972.31$6,459
Apr 199702,08917.882.08$4,351
Mar 199702,16718.951.94$4,202
Feb 199702,09120.492.21$4,613
Jan 199702,22923.483.54$7,890
Dec 199602,34923.32$0
Nov 199622,80821.97$44
Oct 199622,37223.31$47
Sep 199613,01422.22$22
Aug 199623,18020.26$41
Jul 199622,86819.55$39
Jun 199623,15518.73$37
May 199633,65919.43$58
Apr 199632,84321.51$65
Mar 199601,91019.38$0
Feb 199622,09416.98$34
Jan 199613,07717.07$17
Dec 199523,11617.19$34
Nov 199512,93016.00$16
Oct 199512,85915.43$15
Sep 199502,77416.18$0
Aug 199533,45315.92$48
Jul 199503,42715.24$0
Jun 199503,45316.41$0
May 199504,01917.56$0
Apr 199502,93917.73$0
Mar 199504,16116.44$0
Feb 199504,28616.58$0
Jan 199533,75715.92$48
Dec 199423,95615.03$30
Nov 199434,28615.90$48
Oct 199403,92415.58$0
Sep 199403,94815.29$0
Aug 199404,33816.13$0
Jul 199404,80017.56$0
Jun 199404,12517.09$0
May 199414,77315.88$16
Apr 199444,72614.14$57
Mar 199405,41112.46$0
Feb 199424,89612.50$25
Jan 199405,77212.66$0
Dec 199345,96912.33$49
Nov 199326,29914.49$29
Oct 199317,25615.85$16
Sep 1993139,32615.03$195
Aug 199377,42015.66$110

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.

Feb 2014 — as filed, then multipliedworked
Condensate             0 bbl  × $ 97.40 =         $0
Gas                   20 Mcf  × $  6.19 =       $124

────────────────────────────────────────────────────
Month total                                     $124

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/146519 is the state's own key, not one this site invented.