PEARSON, JOE

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

Gas lease lease 154934District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.4 M
Apr 1995 – May 2026
Value, last 12 filed months
$102 k
at the published price for each month
Months reported
374
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas111995-10-10131887
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
CondensateDisposition6,764 bbl$257,978
GasProduction2,814,818 Mcf$9,187,183
Total$9,445,160

677,094 Mcf of this lease's gas, across 20 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 32.3611, -94.6402. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.36112, -94.64016 · 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
10,700 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 10,700 ft.

Completions filed
Apr 1995
1 of 1 wells

1 well

42-40132586210,700 ftApr 1995

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 (374)

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

374 months

May 202602,475106.413.05$7,538
Apr 202602,58098.932.87$7,404
Mar 202602,85189.753.15$8,979
Feb 202602,99763.503.75$11,240
Jan 202603,10959.138.00$24,866
Dec 202501,81556.664.41$8,010
Nov 202501,79558.593.93$7,048
Oct 202501,63359.383.30$5,397
Sep 202501,97762.743.08$6,083
Aug 202501,47763.933.01$4,453
Jul 202501,97466.743.32$6,544
Jun 202501,46066.483.13$4,568
May 2025058760.553.23$1,897
Apr 202502,11462.363.54$7,490
Mar 202501,12367.704.27$4,793
Feb 202501,32470.884.34$5,747
Jan 202501,89774.324.28$8,117
Dec 202401,91568.993.12$5,977
Nov 202401,81369.052.20$3,986
Oct 2024088271.372.28$2,012
Sep 202402,68069.612.36$6,336
Aug 202402,22175.632.06$4,583
Jul 202402,90279.932.15$6,229
Jun 202403,04178.082.63$8,010
May 202402,88678.812.20$6,345
Apr 202423,03084.451.66$5,196
Mar 202403,01580.301.55$4,659
Feb 202412,82876.091.78$5,120
Jan 202412,51873.023.30$8,377
Dec 202302,41871.262.61$6,313
Nov 202302,32577.892.81$6,528
Oct 202302,37085.443.09$7,317
Sep 202302,07089.042.74$5,662
Aug 202302,24480.522.67$5,998
Jul 202302,24874.852.64$5,939
Jun 202302,19268.962.26$4,951
May 202302,27870.622.23$5,074
Apr 202302,27178.122.24$5,082
Mar 202302,40072.852.39$5,744
Feb 202302,26375.112.47$5,580
Jan 202302,53476.533.39$8,584
Dec 202202,81676.415.73$16,133
Nov 202202,83385.005.65$15,996
Oct 202202,78287.185.86$16,313
Sep 202202,62784.888.16$21,446
Aug 202202,70494.529.13$24,680
Jul 202202,304101.587.54$17,377
Jun 202202,247115.097.98$17,925
May 202202,153109.378.43$18,156
Apr 202201,987104.226.84$13,586
Mar 202202,085108.885.08$10,584
Feb 202202,28391.054.86$11,093
Jan 202202,70281.844.54$12,261
Dec 202102,80171.323.90$10,921
Nov 202102,80877.435.24$14,705
Oct 202103,08779.795.71$17,639
Sep 202102,75969.865.35$14,763
Aug 202102,88966.024.22$12,193
Jul 202102,82170.783.98$11,233
Jun 202102,56069.493.38$8,654
May 202103,15363.483.02$9,515
Apr 202102,87160.362.76$7,919
Mar 202102,86361.302.72$7,779
Feb 202102,38857.805.55$13,249
Jan 202102,57050.412.81$7,222
Dec 202002,87944.642.68$7,703
Nov 202002,54738.772.71$6,894
Oct 202003,28736.972.48$8,147
Sep 202003,15137.091.99$6,274
Aug 202003,15939.982.39$7,535
Jul 202002,75338.371.83$5,025
Jun 202002,84834.901.69$4,814
May 202003,32916.921.81$6,041
Apr 202002,02314.751.80$3,650
Mar 202003,10730.341.86$5,767
Feb 202003,06549.881.98$6,071
Jan 202003,28057.252.09$6,871
Dec 201903,31059.012.30$7,627
Nov 201903,12055.302.75$8,582
Oct 201903,05153.472.42$7,379
Sep 201902,98655.052.66$7,935
Aug 201902,85353.112.30$6,574
Jul 201902,53456.272.46$6,234
Jun 201902,03652.782.49$5,072
May 201901,54558.482.74$4,234
Apr 201902,21862.632.75$6,101
Mar 201902,49656.803.06$7,643
Feb 201902,30650.852.79$6,439
Jan 201902,43146.033.23$7,848
Dec 201802,54046.594.19$10,631
Nov 201802,65652.934.24$11,254
Oct 201802,81461.443.40$9,562
Sep 201802,68359.543.11$8,339
Aug 201802,76759.403.07$8,485
Jul 201802,58865.142.93$7,588
Jun 201802,65260.183.08$8,160
May 201802,63465.382.90$7,641
Apr 201802,77463.842.90$8,047
Mar 201802,61361.222.79$7,282
Feb 201802,37561.782.77$6,570
Jan 201802,64662.874.01$10,609
Dec 201702,85757.272.92$8,347
Nov 201702,91555.423.12$9,090
Oct 201702,74149.292.98$8,178
Sep 201702,55047.523.09$7,873
Aug 201702,54245.373.00$7,637
Jul 201702,86343.873.09$8,839
Jun 201702,92442.493.09$9,027
May 201702,52245.373.26$8,230
Apr 201702,71847.933.21$8,729
Mar 201702,35346.772.98$7,021
Feb 201702,23750.452.95$6,605
Jan 201702,89449.413.42$9,894
Dec 201602,73548.763.72$10,182
Nov 201632,72342.492.64$7,328
Oct 201603,08646.193.09$9,537
Sep 201601,85341.553.10$5,745
Aug 201602,61041.442.92$7,633
Jul 201602,37541.622.92$6,945
Jun 201602,61145.352.69$7,013
May 201602,93642.521.99$5,846
Apr 201602,56936.561.99$5,115
Mar 201602,93533.011.79$5,265
Feb 201602,84826.472.06$5,877
Jan 201602,87827.352.36$6,805
Dec 201502,54832.362.00$5,100
Nov 201502,60838.792.17$5,652
Oct 201503,02443.552.43$7,338
Sep 201502,98742.992.76$8,239
Aug 2015433,40340.162.87$11,502
Jul 201503,38548.152.95$9,969
Jun 201503,29556.152.88$9,499
May 201503,47855.212.96$10,279
Apr 201503,11349.822.71$8,426
Mar 2015803,50142.892.93$13,706
Feb 201503,18644.662.98$9,482
Jan 201503,20143.433.10$9,925
Dec 201403,32754.693.59$11,948
Nov 201403,23170.464.25$13,738
Oct 201403,51278.303.90$13,700
Sep 201403,09986.164.05$12,537
Aug 201403,20789.394.04$12,941
Jul 201403,46596.564.18$14,482
Jun 2014853,11298.164.74$23,085
May 201403,18394.734.73$15,045
Apr 201403,23195.944.81$15,538
Mar 201403,27295.895.06$16,546
Feb 201403,01097.406.19$18,638
Jan 201402,89990.404.86$14,091
Dec 201302,87491.824.35$12,515
Nov 201302,94588.853.74$11,009
Oct 2013783,11597.423.78$19,371
Sep 201302,954104.113.72$10,982
Aug 201303,429104.253.52$12,079
Jul 201303,456102.523.72$12,849
Jun 201303,40794.403.93$13,401
May 201303,63594.834.15$15,082
Apr 201303,32493.964.28$14,235
Mar 2013854,78893.623.91$26,693
Feb 201303,36291.233.42$11,498
Jan 201303,59191.603.42$12,281
Dec 201203,75286.773.42$12,832
Nov 201203,39686.953.62$12,310
Oct 201203,66489.383.40$12,456
Sep 201203,46094.672.92$10,098
Aug 2012903,90592.662.91$19,696
Jul 201203,93985.133.02$11,899
Jun 201204,26379.822.52$10,739
May 201204,37091.612.49$10,874
Apr 201203,696101.652.00$7,380
Mar 2012473,971105.052.22$13,761
Feb 201202,603101.102.57$6,690
Jan 201203,05598.092.73$8,353
Dec 201103,01696.873.24$9,771
Nov 2011173,34395.723.31$12,697
Oct 201103,50684.983.65$12,792
Sep 201104,02983.623.99$16,059
Aug 201103,76583.404.15$15,622
Jul 201103,42194.144.52$15,453
Jun 201103,58092.904.64$16,611
May 2011573,54198.134.40$21,191
Apr 201103,292105.964.33$14,265
Mar 201103,46196.364.06$14,042
Feb 201103,37685.644.18$14,112
Jan 201103,74186.504.59$17,167
Dec 201003,62285.734.35$15,748
Nov 2010813,71780.843.80$20,655
Oct 201003,78378.103.51$13,274
Sep 201003,86372.633.98$15,373
Aug 201004,08773.684.42$18,062
Jul 201003,94072.554.74$18,662
Jun 201003,72070.364.91$18,267
May 201004,23571.124.24$17,936
Apr 201003,03081.694.12$12,492
Mar 2010824,16178.394.39$24,689
Feb 201003,86973.585.44$21,056
Jan 2010724,57474.365.96$32,634
Dec 200904,81171.445.48$26,382
Nov 200914,50574.593.75$16,975
Oct 200904,86972.544.11$20,013
Sep 2009965,06365.543.06$21,809
Aug 200904,97767.423.22$16,018
Jul 200905,37661.133.46$18,625
Jun 200905,39666.163.90$21,017
May 2009975,30654.743.93$26,140
Apr 200904,90346.773.59$17,590
Mar 200905,49442.144.06$22,300
Feb 200905,08332.814.63$23,550
Jan 2009925,66635.865.37$33,731
Dec 2008995,69937.105.98$37,737
Nov 200805,26555.496.86$36,120
Oct 200805,77275.246.92$39,954
Sep 20081005,391101.767.88$52,641
Aug 200806,176114.228.48$52,391
Jul 2008945,632131.0811.39$76,467
Jun 2008966,434131.3313.03$96,460
May 2008906,006123.1711.57$80,600
Apr 200813,701110.3110.45$38,804
Mar 200806,213101.909.66$60,043
Feb 200806,10392.538.77$53,527
Jan 200806,02790.388.21$49,456
Dec 200706,74988.337.30$49,281
Nov 200705,81491.677.29$42,394
Oct 2007835,93682.856.92$47,965
Sep 200705,19175.846.24$32,413
Aug 200707,06169.066.39$45,105
Jul 200705,52370.906.39$35,281
Jun 200705,56462.007.55$42,000
May 2007884,90258.747.85$43,632
Apr 200707,02059.617.81$54,793
Mar 200707,73756.927.30$56,495
Feb 200707,48255.108.22$61,472
Jan 200707,48950.306.73$50,377
Dec 200608,32956.656.92$57,624
Nov 200609,12754.207.62$69,525
Oct 200608,82854.906.01$53,090
Sep 200637,82360.085.04$39,586
Aug 200608,62168.717.34$63,277
Jul 200608,86469.376.34$56,222
Jun 2006897,00266.286.38$50,599
May 200606,67066.016.42$42,855
Apr 200608,23564.397.36$60,614
Mar 200609,12256.707.08$64,610
Feb 200608,11057.597.75$62,862
Jan 200607,64960.598.93$68,331
Dec 2005938,45654.9413.42$118,550
Nov 200508,55354.6910.59$90,563
Oct 200509,18658.3413.80$126,728
Sep 200508,07361.4512.08$97,514
Aug 200508,34661.519.80$81,764
Jul 200508,88055.697.84$69,652
Jun 200508,55852.337.38$63,167
May 2005968,92245.226.65$63,683
Apr 200509,30849.207.36$68,511
Mar 20051069,32150.377.15$72,030
Feb 200508,75045.226.31$55,229
Jan 2005710,53643.166.32$66,913
Dec 2004010,61739.866.75$71,676
Nov 2004027245.286.33$1,722
Oct 2004010,64249.706.52$69,334
Sep 2004010,63543.245.28$56,194
Aug 2004011,75742.375.55$65,259
Jul 20048510,86738.286.08$69,371
Jun 2004012,87736.106.43$82,838
May 2004014,65137.486.49$95,152
Apr 2004212,86434.475.86$75,432
Mar 2004584,01234.365.53$24,180
Feb 200406,82232.455.51$37,587
Jan 200417,23132.036.30$45,585
Dec 200307,83330.266.30$49,361
Nov 200307,41928.804.60$34,091
Oct 200308,22828.174.76$39,162
Sep 2003657,92426.314.75$39,344
Aug 200308,77829.765.13$45,029
Jul 200309,00129.415.17$46,543
Jun 200308,99728.565.98$53,829
May 200359,45226.595.97$56,587
Apr 200319,37226.675.41$50,704
Mar 2003010,23131.146.10$62,369
Feb 200308,98733.487.93$71,230
Jan 2003507,74230.315.58$44,732
Dec 200208,43926.914.85$40,961
Nov 200207,79324.664.14$32,239
Oct 2002808,31226.464.23$37,269
Sep 200208,42927.443.64$30,641
Aug 200239,63225.963.16$30,555
Jul 2002769,27024.583.06$30,251
Jun 200298,46723.733.34$28,478
May 200239,59724.663.58$34,470
Apr 2002639,37223.653.51$34,407
Mar 200209,85722.003.10$30,584
Feb 200208,92718.222.38$21,208
Jan 2002599,48017.172.38$23,534
Dec 200138,94216.932.36$21,193
Nov 2001598,84518.072.41$22,343
Oct 200139,22019.782.53$23,376
Sep 200119,12924.262.25$20,577
Aug 20015010,20824.873.05$32,410
Jul 20014910,64623.933.20$35,209
Jun 2001111,16124.563.82$42,706
May 20014611,17625.524.31$49,313
Apr 200108,42324.685.34$44,939
Mar 2001111,05824.545.38$59,477
Feb 2001479,80827.755.77$57,868
Jan 2001212,50127.478.40$105,048
Dec 20004512,53326.889.12$115,542
Nov 20005311,09732.215.66$64,494
Oct 2000212,06431.235.15$62,138
Sep 20003711,16331.875.19$59,076
Aug 20002411,35329.644.54$52,262
Jul 2000312,73528.534.09$52,169
Jun 2000211,54229.304.40$50,812
May 20009812,30627.263.68$47,954
Apr 2000410,67924.513.12$33,374
Mar 2000011,18828.422.86$31,995
Feb 200011911,80127.622.73$35,462
Jan 2000513,69625.272.48$34,099
Dec 1999513,61424.282.42$33,118
Nov 199910010,08723.192.43$26,871
Oct 1999314,20020.982.80$39,876
Sep 1999212,34921.752.62$32,384
Aug 199912612,61919.262.88$38,714
Jul 1999212,34817.892.37$29,330
Jun 1999212,99415.942.36$30,725
May 1999313,29415.792.32$30,903
Apr 199914113,42315.102.21$31,768
Mar 1999012,16812.471.84$22,369
Feb 19991612,4009.981.82$22,700
Jan 1999013,51510.381.90$25,678
Dec 199811813,3829.201.77$24,816
Nov 1998013,61610.892.19$29,761
Oct 1998014,47912.421.97$28,512
Sep 1998014,50312.592.08$30,204
Aug 1998013,40411.301.91$25,566
Jul 199811515,04311.742.24$35,005
Jun 1998016,28711.242.24$36,438
May 1998016,40112.622.21$36,186
Apr 1998016,76513.042.51$42,002
Mar 199813217,96512.802.31$43,179
Feb 1998116,92913.952.30$38,936
Jan 1998018,94614.702.15$40,825
Dec 199711220,34016.322.41$50,870
Nov 1997018,55018.193.09$57,287
Oct 199717417,64519.253.15$58,928
Sep 1997018,44217.742.95$54,494
Aug 1997219,31717.862.55$49,386
Jul 199716619,93517.582.25$47,711
Jun 1997219,51917.242.26$44,093
May 1997019,57718.972.31$45,194
Apr 199716320,00717.882.08$44,585
Mar 1997021,12518.951.94$40,964
Feb 1997017,65320.492.21$38,941
Jan 199716119,35923.483.54$72,305
Dec 1996020,68723.32$0
Nov 199615121,41921.97$3,317
Oct 1996023,07223.31$0
Sep 1996021,42722.22$0
Aug 199617123,56420.26$3,464
Jul 1996027,54219.55$0
Jun 1996126,87118.73$19
May 199617330,62419.43$3,361
Apr 1996031,23621.51$0
Mar 1996233,50519.38$39
Feb 199612733,87916.98$2,156
Jan 199614828,90817.07$2,526
Dec 1995128,25117.19$17
Nov 199515418,54316.00$2,464
Oct 199517040,46815.43$2,623
Sep 1995039,10116.18$0
Aug 199510549,97115.92$1,672
Jul 199529761,02815.24$4,526
Jun 199516776,24316.41$2,740
May 199518240,75517.56$3,196
Apr 19950017.73$0

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                2,475 Mcf  × $  3.05 =     $7,538

────────────────────────────────────────────────────
Month total                                   $7,538

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/154934 is the state's own key, not one this site invented.