SMITH, T.W. GAS UNIT NO. 1

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

Gas lease lease 205024District 06Field 783305002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
Aug 2004 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
262
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 188 leases and 188 wells, and the rule below applies to all of them.

Discovered
1975-11-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1999-07-27.

The Commission's schedule remark for this field reads: EFFECTIVE AUGUST.

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 Gas112005-02-28160529
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
CondensateDisposition6,323 bbl$406,265
GasProduction615,178 Mcf$3,374,958
Total$3,781,223

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 32.8033, -95.0356. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.80331, -95.03559 · 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
11,082 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 11,082 ft.

Completions filed
Aug 2004
1 of 1 wells

1 well

42-45931198511,082 ftAug 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 (262)

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

262 months

May 20260205106.413.05$624
Apr 2026020198.932.87$577
Mar 2026022689.753.15$712
Feb 2026016463.503.75$615
Jan 2026020259.138.00$1,616
Dec 2025019756.664.41$869
Nov 2025020758.593.93$813
Oct 2025023959.383.30$790
Sep 2025021362.743.08$655
Aug 2025032463.933.01$977
Jul 2025042966.743.32$1,422
Jun 2025064566.483.13$2,018
May 2025080760.553.23$2,608
Apr 20259972162.363.54$8,728
Mar 2025077367.704.27$3,299
Feb 2025076270.884.34$3,308
Jan 2025078774.324.28$3,367
Dec 2024188868.993.12$2,841
Nov 2024184669.052.20$1,929
Oct 2024075471.372.28$1,720
Sep 2024277369.612.36$1,967
Aug 2024080775.632.06$1,665
Jul 2024081279.932.15$1,743
Jun 2024080678.082.63$2,123
May 20245281878.812.20$5,896
Apr 2024087784.451.66$1,455
Mar 202401,17780.301.55$1,819
Feb 202401,03576.091.78$1,846
Jan 2024571,19073.023.30$8,086
Dec 202301,18971.262.61$3,104
Nov 202301,06977.892.81$3,001
Oct 202301,05185.443.09$3,245
Sep 202301,03889.042.74$2,839
Aug 20235596180.522.67$6,997
Jul 202301,00374.852.64$2,650
Jun 2023090268.962.26$2,037
May 2023091970.622.23$2,047
Apr 2023078678.122.24$1,759
Mar 2023071572.852.39$1,711
Feb 2023065175.112.47$1,605
Jan 20239547376.533.39$8,873
Dec 2022065776.415.73$3,764
Nov 2022051185.005.65$2,885
Oct 2022043787.185.86$2,562
Sep 2022052184.888.16$4,253
Aug 2022048294.529.13$4,399
Jul 20220480101.587.54$3,620
Jun 20220400115.097.98$3,191
May 20220454109.378.43$3,829
Apr 20220479104.226.84$3,275
Mar 20220678108.885.08$3,442
Feb 2022062991.054.86$3,056
Jan 2022063581.844.54$2,881
Dec 20218579271.323.90$9,150
Nov 2021067277.435.24$3,519
Oct 2021052379.795.71$2,988
Sep 2021069169.865.35$3,697
Aug 2021088966.024.22$3,752
Jul 202101,03370.783.98$4,113
Jun 202101,11569.493.38$3,769
May 202101,15463.483.02$3,482
Apr 2021086160.362.76$2,375
Mar 20216147061.302.72$5,016
Feb 2021059457.805.55$3,295
Jan 2021085650.412.81$2,406
Dec 202001,01444.642.68$2,713
Nov 2020096238.772.71$2,604
Oct 2020088336.972.48$2,188
Sep 2020083337.091.99$1,659
Aug 202001,08839.982.39$2,595
Jul 2020098438.371.83$1,796
Jun 2020091834.901.69$1,552
May 2020096616.921.81$1,753
Apr 2020094914.751.80$1,712
Mar 2020481,21030.341.86$3,702
Feb 2020095449.881.98$1,890
Jan 2020090957.252.09$1,904
Dec 2019078959.012.30$1,818
Nov 201901,11855.302.75$3,075
Oct 2019079153.472.42$1,913
Sep 201901,16055.052.66$3,082
Aug 201901,39353.112.30$3,210
Jul 201901,39856.272.46$3,439
Jun 2019731,09452.782.49$6,578
May 201901,32458.482.74$3,628
Apr 201901,27062.632.75$3,493
Mar 201901,30756.803.06$4,002
Feb 201901,17550.852.79$3,281
Jan 20191021,32046.033.23$8,956
Dec 201801,48746.594.19$6,224
Nov 201801,42552.934.24$6,038
Oct 201801,47761.443.40$5,019
Sep 201801,44559.543.11$4,491
Aug 201801,52859.403.07$4,686
Jul 2018881,37465.142.93$9,761
Jun 201801,22860.183.08$3,778
May 201801,23965.382.90$3,594
Apr 201801,25163.842.90$3,629
Mar 201801,33961.222.79$3,732
Feb 201801,29661.782.77$3,585
Jan 201801,17062.874.01$4,691
Dec 2017731,47357.272.92$8,484
Nov 201701,42255.423.12$4,434
Oct 201701,49749.292.98$4,467
Sep 201701,42147.523.09$4,387
Aug 201701,52845.373.00$4,591
Jul 201701,52243.873.09$4,699
Jun 2017921,51442.493.09$8,583
May 201701,57945.373.26$5,153
Apr 201701,60047.933.21$5,139
Mar 201701,66446.772.98$4,965
Feb 201701,45650.452.95$4,299
Jan 201701,48249.413.42$5,067
Dec 2016881,36248.763.72$9,361
Nov 201601,55542.492.64$4,112
Oct 201611,40846.193.09$4,397
Sep 201601,48141.553.10$4,592
Aug 201601,66341.442.92$4,863
Jul 2016921,70941.622.92$8,827
Jun 201601,63845.352.69$4,399
May 201601,73042.521.99$3,445
Apr 201601,70936.561.99$3,403
Mar 201601,70433.011.79$3,057
Feb 201601,54026.472.06$3,178
Jan 201601,68027.352.36$3,972
Dec 2015901,52032.362.00$5,955
Nov 201501,57338.792.17$3,409
Oct 201501,73843.552.43$4,217
Sep 201501,73742.992.76$4,791
Aug 201501,68940.162.87$4,852
Jul 2015951,79748.152.95$9,867
Jun 201501,78956.152.88$5,157
May 201501,87955.212.96$5,553
Apr 201501,85449.822.71$5,018
Mar 20151001,88642.892.93$9,824
Feb 201501,61244.662.98$4,798
Jan 201501,54243.433.10$4,781
Dec 201401,75354.693.59$6,296
Nov 201401,75770.464.25$7,470
Oct 2014921,65478.303.90$13,656
Sep 201401,88986.164.05$7,642
Aug 201401,86089.394.04$7,505
Jul 201401,51796.564.18$6,340
Jun 201401,79998.164.74$8,522
May 201402,14694.734.73$10,143
Apr 201401,70995.944.81$8,219
Mar 201421,83195.895.06$9,451
Feb 2014961,61197.406.19$19,326
Jan 201401,33390.404.86$6,479
Dec 201301,45691.824.35$6,340
Nov 201322,01688.853.74$7,714
Oct 201302,04197.423.78$7,714
Sep 201301,643104.113.72$6,108
Aug 201301,827104.253.52$6,436
Jul 2013961,931102.523.72$17,021
Jun 201301,96094.403.93$7,709
May 201302,03094.834.15$8,423
Apr 201301,68793.964.28$7,225
Mar 2013981,80893.623.91$16,249
Feb 201301,81991.233.42$6,221
Jan 201301,94091.603.42$6,635
Dec 201202,01286.773.42$6,881
Nov 2012631,76886.953.62$11,887
Oct 201201,74789.383.40$5,939
Sep 201201,95194.672.92$5,694
Aug 201202,00992.662.91$5,842
Jul 2012822,08985.133.02$13,291
Jun 201202,11279.822.52$5,320
May 201202,18091.612.49$5,425
Apr 201202,198101.652.00$4,389
Mar 2012952,524105.052.22$15,588
Feb 201202,406101.102.57$6,184
Jan 201202,52998.092.73$6,914
Dec 201102,60096.873.24$8,423
Nov 20111032,36595.723.31$17,690
Oct 201102,19884.983.65$8,019
Sep 201102,30983.623.99$9,203
Aug 201102,43883.404.15$10,116
Jul 201102,44194.144.52$11,027
Jun 2011821,97292.904.64$16,768
May 201102,39898.134.40$10,563
Apr 201102,343105.964.33$10,153
Mar 201102,48796.364.06$10,091
Feb 2011862,83085.644.18$19,194
Jan 201102,44086.504.59$11,197
Dec 201002,49685.734.35$10,852
Nov 2010902,46580.843.80$16,631
Oct 201002,44078.103.51$8,562
Sep 201002,45172.633.98$9,754
Aug 201002,58873.684.42$11,437
Jul 2010872,69872.554.74$19,091
Jun 201002,54670.364.91$12,502
May 201002,83871.124.24$12,020
Apr 20101042,68081.694.12$19,545
Mar 201002,76478.394.39$12,130
Feb 201002,49373.585.44$13,568
Jan 201004,20574.365.96$25,079
Dec 20091262,75371.445.48$24,098
Nov 200902,51074.593.75$9,416
Oct 200902,23572.544.11$9,186
Sep 2009933,02865.543.06$15,375
Aug 200902,50267.423.22$8,053
Jul 200902,77161.133.46$9,600
Jun 20091091,84466.163.90$14,394
May 200902,41354.743.93$9,473
Apr 200903,01446.773.59$10,813
Mar 20091422,63542.144.06$16,679
Feb 200902,19132.814.63$10,151
Jan 200902,74635.865.37$14,749
Dec 200803,02637.105.98$18,087
Nov 200803,23655.496.86$22,200
Oct 20081062,76475.246.92$27,108
Sep 200803,034101.767.88$23,899
Aug 200802,759114.228.48$23,405
Jul 20081083,562131.0811.39$54,726
Jun 200824,311131.3313.03$56,446
May 2008882,822123.1711.57$43,502
Apr 200802,691110.3110.45$28,134
Mar 2008511,314101.909.66$17,895
Feb 200801,34192.538.77$11,761
Jan 200801,75390.388.21$14,385
Dec 2007992,00788.337.30$23,400
Nov 200701,36191.677.29$9,924
Oct 200702,46382.856.92$17,049
Sep 2007772,34375.846.24$20,470
Aug 200702,75469.066.39$17,592
Jul 200702,82570.906.39$18,046
Jun 200703,72662.007.55$28,126
May 20071053,60558.747.85$34,454
Apr 200703,22259.617.81$25,148
Mar 20071003,49056.927.30$31,176
Feb 200703,59055.108.22$29,495
Jan 200704,91150.306.73$33,036
Dec 2006974,95056.656.92$39,741
Nov 200604,52654.207.62$34,477
Oct 20061174,61554.906.01$34,177
Sep 200604,67860.085.04$23,564
Aug 200605,19668.717.34$38,138
Jul 20061075,92169.376.34$44,978
Jun 200605,21466.286.38$33,286
May 200625,26966.016.42$33,985
Apr 20061036,02364.397.36$50,964
Mar 2006846,08356.707.08$47,848
Feb 20061055,50057.597.75$48,678
Jan 200606,09760.598.93$54,466
Dec 20051356,97454.9413.42$100,976
Nov 200503,84854.6910.59$40,744
Oct 20051265,51758.3413.80$83,462
Sep 200505,76261.4512.08$69,599
Aug 20051356,04261.519.80$67,496
Jul 200506,23455.697.84$48,897
Jun 2005896,99452.337.38$56,280
May 200508,29645.226.65$55,178
Apr 20052578,65649.207.36$76,357
Mar 200508,60750.377.15$61,582
Feb 20052259,52145.226.31$70,270
Jan 2005511,73243.166.32$74,388
Dec 200418112,03639.866.75$88,471
Nov 200412715,66145.286.33$104,891
Oct 200424519,84249.706.52$141,449
Sep 200423923,31943.245.28$133,550
Aug 200411017,81042.375.55$103,518

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                  205 Mcf  × $  3.05 =       $624

────────────────────────────────────────────────────
Month total                                     $624

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/205024 is the state's own key, not one this site invented.