LEVERETT

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 203667District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
May 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
265
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 Gas112004-12-15159870
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
CondensateDisposition5,351 bbl$350,605
GasProduction442,236 Mcf$2,768,975
Total$3,119,580

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 32.2718, -94.8854. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.27176, -94.88543 · 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
11,200 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 11,200 ft.

Completions filed
May 2004
1 of 1 wells

1 well

42-40133290211,200 ftMay 2004

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 (265)

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

265 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 20141090.404.86$90
Dec 20132191.824.35$188
Nov 2013171,86488.853.74$8,479
Oct 2013181,77897.423.78$8,473
Sep 2013182,066104.113.72$9,555
Aug 2013192,209104.253.52$9,762
Jul 2013122,079102.523.72$8,959
Jun 2013131,87094.403.93$8,583
May 2013122,06394.834.15$9,698
Apr 2013222,02993.964.28$10,757
Mar 2013232,05493.623.91$10,190
Feb 2013151,87491.233.42$7,777
Jan 2013302,26091.603.42$10,477
Dec 2012232,35986.773.42$10,064
Nov 2012392,24686.953.62$11,533
Oct 2012392,15789.383.40$10,819
Sep 2012232,26894.672.92$8,796
Aug 2012452,34492.662.91$10,986
Jul 2012312,27385.133.02$9,505
Jun 2012312,32179.822.52$8,321
May 2012292,41791.612.49$8,671
Apr 2012312,421101.652.00$7,985
Mar 2012312,511105.052.22$8,836
Feb 2012312,495101.102.57$9,547
Jan 2012332,53398.092.73$10,162
Dec 2011502,54996.873.24$13,102
Nov 2011412,64895.723.31$12,693
Oct 2011462,67684.983.65$13,673
Sep 2011472,79483.623.99$15,066
Aug 2011413,02583.404.15$15,971
Jul 2011403,12494.144.52$17,877
Jun 2011333,10292.904.64$17,459
May 2011343,48398.134.40$18,678
Apr 201153,367105.964.33$15,120
Mar 201173,99096.364.06$16,863
Feb 201154,14885.644.18$17,767
Jan 201102,87986.504.59$13,211
Dec 201091,35885.734.35$6,676
Nov 2010311,27880.843.80$7,356
Oct 2010311,50278.103.51$7,691
Sep 2010304,62672.633.98$20,588
Aug 2010194,91773.684.42$23,130
Jul 2010395,21772.554.74$27,540
Jun 2010192,34870.364.91$12,866
May 2010331,84571.124.24$10,161
Apr 2010141,19081.694.12$6,050
Mar 2010181,26478.394.39$6,958
Feb 2010141,18673.585.44$7,485
Jan 2010141,35274.365.96$9,104
Dec 2009141,54771.445.48$9,484
Nov 2009182,02074.593.75$8,921
Oct 2009141,71372.544.11$8,056
Sep 2009141,91765.543.06$6,793
Aug 2009141,70167.423.22$6,419
Jul 2009142,18061.133.46$8,408
Jun 2009142,19966.163.90$9,491
May 2009101,98154.743.93$8,324
Apr 200901,95746.773.59$7,021
Mar 200902,21042.144.06$8,970
Feb 200901,93232.814.63$8,951
Jan 200902,17535.865.37$11,682
Dec 200831,68037.105.98$10,153
Nov 200801,60555.496.86$11,011
Oct 200801,65175.246.92$11,428
Sep 200801,944101.767.88$15,313
Aug 2008252,144114.228.48$21,043
Jul 2008541,925131.0811.39$29,003
Jun 2008582,384131.3313.03$38,687
May 2008722,417123.1711.57$36,843
Apr 2008422,714110.3110.45$33,008
Mar 2008422,340101.909.66$26,894
Feb 2008101,82892.538.77$16,958
Jan 200802,13590.388.21$17,519
Dec 200702,11488.337.30$15,436
Nov 200702,25791.677.29$16,457
Oct 2007473,15382.856.92$25,719
Sep 200703,24775.846.24$20,275
Aug 200702,68669.066.39$17,158
Jul 2007723,43170.906.39$27,022
Jun 200703,74762.007.55$28,284
May 2007344,18158.747.85$34,802
Apr 2007323,31359.617.81$27,766
Mar 200783,59756.927.30$26,721
Feb 200713,26155.108.22$26,847
Jan 200713,96450.306.73$26,716
Dec 200613,71956.656.92$25,786
Nov 200663,57854.207.62$27,581
Oct 2006194,05954.906.01$25,453
Sep 2006514,28160.085.04$24,628
Aug 200604,55968.717.34$33,463
Jul 20062184,76269.376.34$45,327
Jun 20061224,55566.286.38$37,165
May 20061245,01766.016.42$40,419
Apr 20061285,28364.397.36$47,127
Mar 20061224,82556.707.08$41,092
Feb 2006814,68257.597.75$40,956
Jan 20061015,96460.598.93$59,398
Dec 20051125,30554.9413.42$77,322
Nov 20052205,41054.6910.59$69,315
Oct 2005996,05758.3413.80$89,337
Sep 2005935,96961.4512.08$77,814
Aug 2005956,96161.519.80$74,039
Jul 2005996,71855.697.84$58,207
Jun 20051925,69052.337.38$52,045
May 20051825,82245.226.65$46,953
Apr 20051846,25949.207.36$55,122
Mar 20052017,04950.377.15$60,559
Feb 2005876,64545.226.31$45,877
Jan 20051518,57043.166.32$60,698
Dec 20041199,37439.866.75$68,028
Nov 200412210,32245.286.33$70,867
Oct 20046212,46749.706.52$84,305
Sep 200415412,52643.245.28$72,845
Aug 200412816,97042.375.55$99,618
Jul 200418921,72838.286.08$139,432
Jun 20046818,84636.106.43$123,691
May 200404,65437.486.49$30,226

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.

Jan 2014 — as filed, then multipliedworked
Condensate             1 bbl  × $ 90.40 =        $90
Gas                    0 Mcf  × $  4.86 =         $0

────────────────────────────────────────────────────
Month total                                      $90

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/203667 is the state's own key, not one this site invented.