WALDROP, MEW GU 1

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 223981District 06Field 678491502 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.2 M
Nov 2006 – May 2026
Value, last 12 filed months
$88 k
at the published price for each month
Months reported
235
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112007-02-16173056
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
CondensateDisposition8,884 bbl$629,285
GasProduction1,071,031 Mcf$5,548,775
Total$6,178,059

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 32.1613, -95.1226. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.16135, -95.12261 · 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
12,156 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 12,156 ft.

Completions filed
Nov 2006
1 of 1 wells

1 well

42-423321461512,156 ftNov 2006

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 (235)

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

235 months

May 202601,862106.413.05$5,671
Apr 202601,62898.932.87$4,672
Mar 202601,66089.753.15$5,228
Feb 202601,56563.503.75$5,869
Jan 202601,77959.138.00$14,228
Dec 202501,81456.664.41$8,006
Nov 2025741,72958.593.93$11,124
Oct 202501,76459.383.30$5,830
Sep 202501,78862.743.08$5,502
Aug 202501,70663.933.01$5,143
Jul 202501,78866.743.32$5,928
Jun 2025741,81066.483.13$10,583
May 202501,88160.553.23$6,080
Apr 202501,93862.363.54$6,867
Mar 202511,41467.704.27$6,103
Feb 202511,67270.884.34$7,329
Jan 202501,81074.324.28$7,744
Dec 202401,49468.993.12$4,663
Nov 2024711,59069.052.20$8,398
Oct 202401,62371.372.28$3,703
Sep 202401,35069.612.36$3,192
Aug 202401,49875.632.06$3,091
Jul 202401,60079.932.15$3,435
Jun 202421,66378.082.63$4,536
May 202401,73678.812.20$3,816
Apr 202411,71884.451.66$2,935
Mar 2024951,73580.301.55$10,309
Feb 202401,53476.091.78$2,736
Jan 202401,19573.023.30$3,941
Dec 202301,72671.262.61$4,506
Nov 202301,59677.892.81$4,481
Oct 2023831,70285.443.09$12,346
Sep 202301,69989.042.74$4,647
Aug 202301,58580.522.67$4,237
Jul 202301,72374.852.64$4,552
Jun 202301,70168.962.26$3,842
May 202301,94470.622.23$4,330
Apr 202301,84878.122.24$4,135
Mar 202301,91972.852.39$4,592
Feb 202321,62775.112.47$4,162
Jan 202301,52076.533.39$5,149
Dec 202201,95276.415.73$11,183
Nov 202201,88785.005.65$10,654
Oct 202201,85487.185.86$10,871
Sep 202201,65284.888.16$13,486
Aug 202201,67694.529.13$15,297
Jul 202211,705101.587.54$12,961
Jun 202221,760115.097.98$14,270
May 202201,974109.378.43$16,647
Apr 202221,820104.226.84$12,653
Mar 202211,790108.885.08$9,196
Feb 202231,78191.054.86$8,927
Jan 202201,78081.844.54$8,077
Dec 202111,88971.323.90$7,437
Nov 202111,93377.435.24$10,200
Oct 202132,05079.795.71$11,953
Sep 202111,92469.865.35$10,365
Aug 202121,84866.024.22$7,932
Jul 202131,72070.783.98$7,062
Jun 2021651,86269.493.38$10,812
May 202101,98063.483.02$5,975
Apr 202101,72460.362.76$4,756
Mar 202101,90661.302.72$5,178
Feb 2021851,25057.805.55$11,848
Jan 202102,06150.412.81$5,792
Dec 202001,92444.642.68$5,148
Nov 202001,98538.772.71$5,373
Oct 202002,29136.972.48$5,678
Sep 202002,16737.091.99$4,315
Aug 202001,72339.982.39$4,110
Jul 202001,63538.371.83$2,984
Jun 202001,57234.901.69$2,657
May 202002,40316.921.81$4,361
Apr 202002,27314.751.80$4,101
Mar 202002,44830.341.86$4,544
Feb 202002,27749.881.98$4,510
Jan 202002,70257.252.09$5,660
Dec 201902,82259.012.30$6,503
Nov 2019842,49355.302.75$11,503
Oct 201901,91753.472.42$4,636
Sep 2019078955.052.66$2,097
Aug 201901,19053.112.30$2,742
Jul 201902,41656.272.46$5,944
Jun 201902,45452.782.49$6,113
May 201902,50258.482.74$6,856
Apr 201902,51662.632.75$6,921
Mar 201902,67256.803.06$8,182
Feb 201902,44550.852.79$6,827
Jan 2019942,84946.033.23$13,524
Dec 201803,03946.594.19$12,720
Nov 201801,90352.934.24$8,063
Oct 201802,30361.443.40$7,826
Sep 201802,32159.543.11$7,214
Aug 201802,37859.403.07$7,292
Jul 201802,56065.142.93$7,506
Jun 201802,53660.183.08$7,803
May 2018872,60665.382.90$13,248
Apr 201802,60163.842.90$7,545
Mar 201802,76561.222.79$7,706
Feb 201802,55861.782.77$7,076
Jan 201802,90062.874.01$11,627
Dec 2017812,98857.272.92$13,368
Nov 201703,09955.423.12$9,664
Oct 201702,59149.292.98$7,731
Sep 201702,24147.523.09$6,919
Aug 20171032,59145.373.00$12,458
Jul 201702,48043.873.09$7,656
Jun 201702,56942.493.09$7,931
May 201702,68745.373.26$8,769
Apr 201702,63947.933.21$8,475
Mar 20171082,80846.772.98$13,429
Feb 201702,74050.452.95$8,090
Jan 201703,03049.413.42$10,359
Dec 201602,58548.763.72$9,624
Nov 20161103,01642.492.64$12,649
Oct 201603,13046.193.09$9,673
Sep 201602,84241.553.10$8,812
Aug 201603,04641.442.92$8,908
Jul 201603,05041.622.92$8,919
Jun 20161053,02145.352.69$12,876
May 201603,18542.521.99$6,341
Apr 201603,05736.561.99$6,087
Mar 201603,11333.011.79$5,585
Feb 201602,88526.472.06$5,954
Jan 20161003,37827.352.36$10,722
Dec 201503,17932.362.00$6,362
Nov 201503,06038.792.17$6,632
Oct 201503,37343.552.43$8,185
Sep 20151003,18142.992.76$13,074
Aug 201503,35640.162.87$9,640
Jul 201503,23548.152.95$9,527
Jun 201503,36156.152.88$9,689
May 20151023,14855.212.96$14,935
Apr 201503,32849.822.71$9,007
Mar 201503,44442.892.93$10,107
Feb 2015993,31944.662.98$14,299
Jan 201503,66143.433.10$11,351
Dec 201403,73754.693.59$13,421
Nov 201403,66370.464.25$15,574
Oct 2014953,98478.303.90$22,980
Sep 201403,88686.164.05$15,721
Aug 201404,16289.394.04$16,794
Jul 2014744,02996.564.18$23,985
Jun 201403,06098.164.74$14,495
May 201403,71394.734.73$17,550
Apr 2014773,85595.944.81$25,927
Mar 201403,89395.895.06$19,686
Feb 201403,60297.406.19$22,304
Jan 2014783,88090.404.86$25,911
Dec 201303,99891.824.35$17,409
Nov 201303,94388.853.74$14,740
Oct 2013843,89897.423.78$22,915
Sep 201304,004104.113.72$14,886
Aug 201304,110104.253.52$14,478
Jul 20131173,918102.523.72$26,561
Jun 201303,79694.403.93$14,931
May 201304,14094.834.15$17,177
Apr 20131804,03493.964.28$34,189
Mar 201304,20993.623.91$16,469
Feb 2013733,91691.233.42$20,052
Jan 201304,13891.603.42$14,152
Dec 201214,24686.773.42$14,609
Nov 201204,22186.953.62$15,301
Oct 2012944,25489.383.40$22,864
Sep 201204,22094.672.92$12,316
Aug 2012974,32392.662.91$21,560
Jul 201204,46185.133.02$13,476
Jun 201204,43079.822.52$11,159
May 2012914,68091.612.49$19,982
Apr 201204,449101.652.00$8,884
Mar 201204,762105.052.22$10,582
Feb 201204,002101.102.57$10,286
Jan 2012934,41298.092.73$21,185
Dec 201104,77496.873.24$15,467
Nov 2011834,25695.723.31$22,038
Oct 201104,90084.983.65$17,878
Sep 201104,76483.623.99$18,988
Aug 2011714,69483.404.15$25,398
Jul 201104,97794.144.52$22,482
Jun 2011905,26392.904.64$32,781
May 201105,03698.134.40$22,183
Apr 2011875,628105.964.33$33,606
Mar 201105,06996.364.06$20,567
Feb 201104,83885.644.18$20,223
Jan 2011965,20086.504.59$32,166
Dec 201005,30885.734.35$23,078
Nov 201005,59880.843.80$21,246
Oct 20101015,87878.103.51$28,513
Sep 201005,63372.633.98$22,416
Aug 2010965,82873.684.42$32,829
Jul 201006,54672.554.74$31,005
Jun 2010826,25470.364.91$36,479
May 201006,75071.124.24$28,588
Apr 2010885,49081.694.12$29,822
Mar 201006,42078.394.39$28,175
Feb 2010996,19973.585.44$41,022
Jan 201006,05974.365.96$36,136
Dec 20091067,03071.445.48$46,123
Nov 200907,09074.593.75$26,598
Oct 2009997,31372.544.11$37,240
Sep 2009917,46265.543.06$28,833
Aug 200907,76467.423.22$24,988
Jul 2009838,12761.133.46$33,230
Jun 2009867,05466.163.90$33,165
May 200907,17954.743.93$28,183
Apr 2009757,19946.773.59$29,334
Mar 2009717,60842.144.06$33,873
Feb 2009786,85932.814.63$34,337
Jan 2009857,97935.865.37$45,903
Dec 2008868,42137.105.98$53,524
Nov 200808,41355.496.86$57,716
Oct 2008798,92175.246.92$67,695
Sep 20081348,792101.767.88$82,891
Aug 20085810,214114.228.48$93,270
Jul 2008669,315131.0811.39$114,744
Jun 2008879,482131.3313.03$135,001
May 2008769,948123.1711.57$124,502
Apr 20086610,343110.3110.45$115,415
Mar 200813410,985101.909.66$119,814
Feb 20087110,74292.538.77$100,783
Jan 200813812,17390.388.21$112,361
Dec 200721612,91088.337.30$113,348
Nov 20076713,54891.677.29$104,930
Oct 200716014,18082.856.92$111,410
Sep 200717715,31175.846.24$109,028
Aug 200716013,29669.066.39$95,984
Jul 200718214,42670.906.39$105,056
Jun 200718613,71462.007.55$115,051
May 200718615,88858.747.85$135,587
Apr 200718317,33059.617.81$146,173
Mar 200736021,03256.927.30$174,066
Feb 200737321,92055.108.22$200,647
Jan 200737530,76050.306.73$225,780
Dec 200651745,26356.656.92$342,437
Nov 200617933,58754.207.62$265,550

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                1,862 Mcf  × $  3.05 =     $5,671

────────────────────────────────────────────────────
Month total                                   $5,671

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/223981 is the state's own key, not one this site invented.