WALDROP, MEW GU 1

Name: WALDROP, MEW GU 1 lease production and value, Oct 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 216096District 06Field 678491502 tax incentive programmesCondensateGasSave Export

Value, all time

$4.7 M

Oct 2005 – Apr 2024

Value, last 12 filed months

$17 k

at the published price for each month

Months reported

223

no gaps in the span

Streams

condensate, gas

The OVERTON (COTTON VALLEY SAND) field

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 702 leases and 702 wells, and the rule below applies to all of them.

Discovered

1977-02-23

as the register files it

Field class

Oil and gas

the register's own label

Between wells

600 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 2014-03-25.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2006-06-29	169199
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	6,599 bbl	$445,963
Gas	Production	678,026 Mcf	$4,267,956
Total			$4,713,919

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 32.1537, -95.1192. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15371, -95.11918 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

12,150 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

1100.0%

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.

00.0%

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 12,150 ft.

Completions filed

Mar 2024

1 of 1 wells

1 well


42-42331998	8	12,150 ft	Mar 2024	—	Yes

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 (223)

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

223 months


Apr 2024	0	0	84.45	1.66	$0
Mar 2024	0	0	80.30	1.55	$0
Feb 2024	0	0	76.09	1.78	$0
Jan 2024	0	0	73.02	3.30	$0
Dec 2023	0	0	71.26	2.61	$0
Nov 2023	0	54	77.89	2.81	$152
Oct 2023	0	293	85.44	3.09	$905
Sep 2023	0	928	89.04	2.74	$2,538
Aug 2023	56	942	80.52	2.67	$7,027
Jul 2023	0	867	74.85	2.64	$2,290
Jun 2023	0	907	68.96	2.26	$2,048
May 2023	0	989	70.62	2.23	$2,203
Apr 2023	0	974	78.12	2.24	$2,180
Mar 2023	0	1,016	72.85	2.39	$2,431
Feb 2023	1	882	75.11	2.47	$2,250
Jan 2023	0	1,007	76.53	3.39	$3,411
Dec 2022	0	972	76.41	5.73	$5,569
Nov 2022	0	925	85.00	5.65	$5,223
Oct 2022	0	956	87.18	5.86	$5,606
Sep 2022	0	908	84.88	8.16	$7,413
Aug 2022	0	878	94.52	9.13	$8,014
Jul 2022	1	1,007	101.58	7.54	$7,696
Jun 2022	1	915	115.09	7.98	$7,414
May 2022	0	844	109.37	8.43	$7,117
Apr 2022	1	960	104.22	6.84	$6,668
Mar 2022	0	885	108.88	5.08	$4,493
Feb 2022	2	968	91.05	4.86	$4,885
Jan 2022	0	1,046	81.84	4.54	$4,746
Dec 2021	0	1,055	71.32	3.90	$4,114
Nov 2021	0	1,013	77.43	5.24	$5,305
Oct 2021	1	1,032	79.79	5.71	$5,977
Sep 2021	1	1,001	69.86	5.35	$5,426
Aug 2021	1	1,012	66.02	4.22	$4,337
Jul 2021	2	1,023	70.78	3.98	$4,215
Jun 2021	1	1,005	69.49	3.38	$3,467
May 2021	25	1,057	63.48	3.02	$4,777
Apr 2021	60	1,035	60.36	2.76	$6,477
Mar 2021	0	1,168	61.30	2.72	$3,173
Feb 2021	0	874	57.80	5.55	$4,849
Jan 2021	0	1,158	50.41	2.81	$3,254
Dec 2020	0	1,134	44.64	2.68	$3,034
Nov 2020	0	1,095	38.77	2.71	$2,964
Oct 2020	0	1,113	36.97	2.48	$2,758
Sep 2020	0	1,128	37.09	1.99	$2,246
Aug 2020	0	1,161	39.98	2.39	$2,769
Jul 2020	0	1,191	38.37	1.83	$2,174
Jun 2020	82	1,128	34.90	1.69	$4,768
May 2020	0	1,179	16.92	1.81	$2,140
Apr 2020	0	1,107	14.75	1.80	$1,997
Mar 2020	0	1,185	30.34	1.86	$2,200
Feb 2020	0	1,096	49.88	1.98	$2,171
Jan 2020	0	1,252	57.25	2.09	$2,623
Dec 2019	0	1,278	59.01	2.30	$2,945
Nov 2019	62	1,212	55.30	2.75	$6,762
Oct 2019	0	1,281	53.47	2.42	$3,098
Sep 2019	0	1,229	55.05	2.66	$3,266
Aug 2019	0	1,275	53.11	2.30	$2,938
Jul 2019	0	1,299	56.27	2.46	$3,196
Jun 2019	0	1,236	52.78	2.49	$3,079
May 2019	50	1,309	58.48	2.74	$6,511
Apr 2019	0	1,245	62.63	2.75	$3,425
Mar 2019	0	1,304	56.80	3.06	$3,993
Feb 2019	0	1,205	50.85	2.79	$3,365
Jan 2019	25	1,321	46.03	3.23	$5,415
Dec 2018	0	1,328	46.59	4.19	$5,558
Nov 2018	0	1,323	52.93	4.24	$5,606
Oct 2018	0	1,360	61.44	3.40	$4,621
Sep 2018	43	1,328	59.54	3.11	$6,688
Aug 2018	0	1,384	59.40	3.07	$4,244
Jul 2018	0	1,394	65.14	2.93	$4,087
Jun 2018	0	1,371	60.18	3.08	$4,218
May 2018	43	1,415	65.38	2.90	$6,916
Apr 2018	0	1,355	63.84	2.90	$3,931
Mar 2018	0	1,423	61.22	2.79	$3,966
Feb 2018	42	1,352	61.78	2.77	$6,335
Jan 2018	0	1,329	62.87	4.01	$5,328
Dec 2017	0	1,461	57.27	2.92	$4,268
Nov 2017	0	1,409	55.42	3.12	$4,394
Oct 2017	0	1,493	49.29	2.98	$4,455
Sep 2017	41	1,434	47.52	3.09	$6,375
Aug 2017	0	1,486	45.37	3.00	$4,465
Jul 2017	0	1,451	43.87	3.09	$4,480
Jun 2017	0	1,398	42.49	3.09	$4,316
May 2017	0	1,485	45.37	3.26	$4,846
Apr 2017	36	1,474	47.93	3.21	$6,459
Mar 2017	0	1,514	46.77	2.98	$4,517
Feb 2017	0	1,383	50.45	2.95	$4,083
Jan 2017	38	1,554	49.41	3.42	$7,190
Dec 2016	0	1,549	48.76	3.72	$5,767
Nov 2016	0	1,488	42.49	2.64	$3,935
Oct 2016	0	1,583	46.19	3.09	$4,892
Sep 2016	0	1,514	41.55	3.10	$4,694
Aug 2016	36	1,616	41.44	2.92	$6,218
Jul 2016	0	1,654	41.62	2.92	$4,837
Jun 2016	0	1,601	45.35	2.69	$4,300
May 2016	44	1,563	42.52	1.99	$4,983
Apr 2016	0	1,572	36.56	1.99	$3,130
Mar 2016	0	1,640	33.01	1.79	$2,942
Feb 2016	1	1,551	26.47	2.06	$3,227
Jan 2016	58	1,764	27.35	2.36	$5,757
Dec 2015	0	1,692	32.36	2.00	$3,386
Nov 2015	0	1,630	38.79	2.17	$3,533
Oct 2015	0	1,733	43.55	2.43	$4,205
Sep 2015	0	1,651	42.99	2.76	$4,554
Aug 2015	59	1,767	40.16	2.87	$7,445
Jul 2015	0	1,756	48.15	2.95	$5,172
Jun 2015	0	1,707	56.15	2.88	$4,921
May 2015	0	1,598	55.21	2.96	$4,723
Apr 2015	0	1,710	49.82	2.71	$4,628
Mar 2015	63	1,775	42.89	2.93	$7,911
Feb 2015	0	1,669	44.66	2.98	$4,967
Jan 2015	0	1,815	43.43	3.10	$5,628
Dec 2014	0	1,817	54.69	3.59	$6,526
Nov 2014	54	1,816	70.46	4.25	$11,526
Oct 2014	0	1,947	78.30	3.90	$7,595
Sep 2014	0	1,889	86.16	4.05	$7,642
Aug 2014	0	1,969	89.39	4.04	$7,945
Jul 2014	0	1,912	96.56	4.18	$7,991
Jun 2014	54	1,962	98.16	4.74	$14,594
May 2014	0	1,751	94.73	4.73	$8,276
Apr 2014	0	2,114	95.94	4.81	$10,166
Mar 2014	67	2,059	95.89	5.06	$16,837
Feb 2014	0	1,919	97.40	6.19	$11,882
Jan 2014	0	1,899	90.40	4.86	$9,231
Dec 2013	59	2,146	91.82	4.35	$14,762
Nov 2013	0	2,083	88.85	3.74	$7,787
Oct 2013	1	2,087	97.42	3.78	$7,985
Sep 2013	0	2,103	104.11	3.72	$7,818
Aug 2013	0	2,184	104.25	3.52	$7,693
Jul 2013	68	2,202	102.52	3.72	$15,158
Jun 2013	0	2,110	94.40	3.93	$8,300
May 2013	0	2,232	94.83	4.15	$9,261
Apr 2013	0	2,174	93.96	4.28	$9,310
Mar 2013	55	2,274	93.62	3.91	$14,047
Feb 2013	0	2,075	91.23	3.42	$7,096
Jan 2013	56	2,294	91.60	3.42	$12,975
Dec 2012	0	2,296	86.77	3.42	$7,853
Nov 2012	0	2,284	86.95	3.62	$8,279
Oct 2012	0	2,384	89.38	3.40	$8,105
Sep 2012	0	2,301	94.67	2.92	$6,715
Aug 2012	87	2,306	92.66	2.91	$14,768
Jul 2012	0	2,313	85.13	3.02	$6,987
Jun 2012	63	2,400	79.82	2.52	$11,074
May 2012	0	2,655	91.61	2.49	$6,606
Apr 2012	0	2,421	101.65	2.00	$4,834
Mar 2012	0	2,520	105.05	2.22	$5,600
Feb 2012	58	2,479	101.10	2.57	$12,235
Jan 2012	0	2,623	98.09	2.73	$7,171
Dec 2011	57	2,688	96.87	3.24	$14,230
Nov 2011	0	2,664	95.72	3.31	$8,821
Oct 2011	56	2,534	84.98	3.65	$14,004
Sep 2011	0	2,299	83.62	3.99	$9,163
Aug 2011	0	2,707	83.40	4.15	$11,232
Jul 2011	58	2,834	94.14	4.52	$18,262
Jun 2011	0	2,771	92.90	4.64	$12,857
May 2011	0	2,881	98.13	4.40	$12,690
Apr 2011	63	2,840	105.96	4.33	$18,982
Mar 2011	0	2,954	96.36	4.06	$11,985
Feb 2011	76	2,749	85.64	4.18	$17,999
Jan 2011	0	3,065	86.50	4.59	$14,065
Dec 2010	74	3,119	85.73	4.35	$19,905
Nov 2010	0	3,079	80.84	3.80	$11,686
Oct 2010	0	3,187	78.10	3.51	$11,183
Sep 2010	56	3,059	72.63	3.98	$16,240
Aug 2010	0	3,283	73.68	4.42	$14,509
Jul 2010	68	3,366	72.55	4.74	$20,876
Jun 2010	0	3,295	70.36	4.91	$16,180
May 2010	0	3,465	71.12	4.24	$14,675
Apr 2010	59	3,413	81.69	4.12	$18,890
Mar 2010	48	3,490	78.39	4.39	$19,079
Feb 2010	0	3,141	73.58	5.44	$17,094
Jan 2010	50	3,355	74.36	5.96	$23,728
Dec 2009	0	3,545	71.44	5.48	$19,440
Nov 2009	58	3,626	74.59	3.75	$17,929
Oct 2009	0	3,782	72.54	4.11	$15,545
Sep 2009	0	3,713	65.54	3.06	$11,379
Aug 2009	39	3,854	67.42	3.22	$15,033
Jul 2009	39	3,936	61.13	3.46	$16,020
Jun 2009	0	3,878	66.16	3.90	$15,105
May 2009	0	4,116	54.74	3.93	$16,158
Apr 2009	40	3,956	46.77	3.59	$16,063
Mar 2009	52	4,204	42.14	4.06	$19,255
Feb 2009	72	3,741	32.81	4.63	$19,694
Jan 2009	0	4,337	35.86	5.37	$23,294
Dec 2008	52	4,506	37.10	5.98	$28,862
Nov 2008	56	4,137	55.49	6.86	$31,489
Oct 2008	0	4,691	75.24	6.92	$32,471
Sep 2008	54	4,466	101.76	7.88	$40,674
Aug 2008	51	4,584	114.22	8.48	$44,711
Jul 2008	40	4,754	131.08	11.39	$59,389
Jun 2008	55	4,560	131.33	13.03	$66,652
May 2008	0	4,594	123.17	11.57	$53,172
Apr 2008	102	5,030	110.31	10.45	$63,840
Mar 2008	52	4,965	101.90	9.66	$53,281
Feb 2008	61	4,759	92.53	8.77	$47,384
Jan 2008	79	5,391	90.38	8.21	$51,377
Dec 2007	49	5,683	88.33	7.30	$45,825
Nov 2007	40	5,633	91.67	7.29	$44,741
Oct 2007	61	5,740	82.85	6.92	$44,786
Sep 2007	39	5,945	75.84	6.24	$40,079
Aug 2007	44	6,515	69.06	6.39	$44,656
Jul 2007	43	6,632	70.90	6.39	$45,414
Jun 2007	111	6,637	62.00	7.55	$56,981
May 2007	120	7,190	58.74	7.85	$63,464
Apr 2007	126	7,600	59.61	7.81	$66,830
Mar 2007	185	7,006	56.92	7.30	$61,688
Feb 2007	167	6,809	55.10	8.22	$65,144
Jan 2007	108	8,133	50.30	6.73	$60,142
Dec 2006	164	8,987	56.65	6.92	$71,467
Nov 2006	101	7,835	54.20	7.62	$65,157
Oct 2006	134	7,367	54.90	6.01	$51,660
Sep 2006	54	7,176	60.08	5.04	$39,391
Aug 2006	64	8,799	68.71	7.34	$68,981
Jul 2006	88	9,434	69.37	6.34	$65,942
Jun 2006	144	9,462	66.28	6.38	$69,949
May 2006	71	11,405	66.01	6.42	$77,964
Apr 2006	184	13,081	64.39	7.36	$108,130
Mar 2006	179	13,514	56.70	7.08	$105,868
Feb 2006	184	13,694	57.59	7.75	$116,740
Jan 2006	356	16,858	60.59	8.93	$172,168
Dec 2005	178	19,300	54.94	13.42	$268,697
Nov 2005	185	23,240	54.69	10.59	$256,192
Oct 2005	355	39,967	58.34	13.80	$572,086

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.

Nov 2023 — as filed, then multipliedworked

Condensate             0 bbl  × $ 77.89 =         $0
Gas                   54 Mcf  × $  2.81 =       $152

────────────────────────────────────────────────────
Month total                                     $152

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/216096 is the state's own key, not one this site invented.