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 227673District 06Field 678491502 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
Dec 2006 – May 2026
Value, last 12 filed months
$122 k
at the published price for each month
Months reported
234
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 Gas112007-07-18175757
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
CondensateDisposition6,351 bbl$462,924
GasProduction982,017 Mcf$4,950,679
Total$5,413,603

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 32.1561, -95.1193. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15608, -95.11928 · 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
12,350 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 12,350 ft.

Completions filed
Dec 2006
1 of 1 wells

1 well

42-423321331112,350 ftDec 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 (234)

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

234 months

May 202602,575106.413.05$7,843
Apr 202602,13998.932.87$6,138
Mar 202602,80889.753.15$8,844
Feb 202602,03963.503.75$7,647
Jan 202602,49259.138.00$19,931
Dec 202502,60056.664.41$11,475
Nov 202502,50158.593.93$9,820
Oct 20251742,66859.383.30$19,149
Sep 202502,53162.743.08$7,788
Aug 202502,16263.933.01$6,518
Jul 202502,89566.743.32$9,598
Jun 202512,35366.483.13$7,428
May 202502,67460.553.23$8,643
Apr 202502,59562.363.54$9,194
Mar 202522,64367.704.27$11,417
Feb 20251672,51570.884.34$22,754
Jan 202502,90274.324.28$12,417
Dec 202402,81968.993.12$8,799
Nov 202402,68469.052.20$5,901
Oct 202402,61571.372.28$5,966
Sep 202412,36069.612.36$5,650
Aug 202412,48675.632.06$5,206
Jul 202402,58779.932.15$5,553
Jun 202432,68078.082.63$7,293
May 202402,88178.812.20$6,334
Apr 20241342,70184.451.66$15,798
Mar 202412,73180.301.55$4,300
Feb 202402,78676.091.78$4,969
Jan 202402,82573.023.30$9,316
Dec 202312,88271.262.61$7,595
Nov 202302,48877.892.81$6,985
Oct 2023039185.443.09$1,207
Sep 202302,35889.042.74$6,449
Aug 2023961,14280.522.67$10,782
Jul 2023098174.852.64$2,592
Jun 202301,47368.962.26$3,327
May 202301,60770.622.23$3,579
Apr 202301,59478.122.24$3,567
Mar 202301,67472.852.39$4,006
Feb 202321,48675.112.47$3,814
Jan 202301,65676.533.39$5,610
Dec 202201,68576.415.73$9,654
Nov 202201,51385.005.65$8,543
Oct 202201,66987.185.86$9,787
Sep 202201,61584.888.16$13,184
Aug 202201,69694.529.13$15,480
Jul 202211,839101.587.54$13,971
Jun 202221,668115.097.98$13,536
May 202201,970109.378.43$16,613
Apr 202221,869104.226.84$12,988
Mar 202211,984108.885.08$10,180
Feb 202231,94191.054.86$9,704
Jan 202202,03181.844.54$9,216
Dec 202112,22971.323.90$8,762
Nov 202111,85877.435.24$9,808
Oct 202131,62679.795.71$9,530
Sep 202112,20669.865.35$11,874
Aug 202121,38866.024.22$5,990
Jul 202121,59570.783.98$6,493
Jun 202122,17769.493.38$7,499
May 2021211,67063.483.02$6,373
Apr 2021511,90360.362.76$8,328
Mar 202102,17361.302.72$5,904
Feb 202101,47457.805.55$8,178
Jan 202102,38750.412.81$6,708
Dec 202001,81244.642.68$4,848
Nov 202001,32038.772.71$3,573
Oct 202002,06436.972.48$5,115
Sep 202002,00837.091.99$3,998
Aug 202002,06939.982.39$4,935
Jul 202002,40138.371.83$4,382
Jun 2020611,20634.901.69$4,167
May 202002,34216.921.81$4,250
Apr 202001,45014.751.80$2,616
Mar 202001,81430.341.86$3,367
Feb 202001,66849.881.98$3,304
Jan 202001,88757.252.09$3,953
Dec 201902,28159.012.30$5,256
Nov 2019622,32455.302.75$9,821
Oct 201902,10853.472.42$5,098
Sep 201901,77555.052.66$4,717
Aug 201902,02453.112.30$4,664
Jul 201902,17456.272.46$5,348
Jun 201902,20252.782.49$5,486
May 2019552,38058.482.74$9,738
Apr 201902,24062.632.75$6,162
Mar 201902,18056.803.06$6,675
Feb 201901,99950.852.79$5,582
Jan 2019492,27446.033.23$9,596
Dec 201802,44346.594.19$10,225
Nov 201802,18752.934.24$9,267
Oct 201802,18261.443.40$7,415
Sep 2018532,13759.543.11$9,797
Aug 201802,06059.403.07$6,317
Jul 201802,20865.142.93$6,474
Jun 201802,12460.183.08$6,535
May 2018502,45465.382.90$10,388
Apr 201802,43763.842.90$7,069
Mar 201802,50261.222.79$6,973
Feb 2018512,21661.782.77$9,281
Jan 201802,45262.874.01$9,831
Dec 201702,53357.272.92$7,400
Nov 201702,35655.423.12$7,347
Oct 201702,52849.292.98$7,543
Sep 2017472,50347.523.09$9,961
Aug 201704,08645.373.00$12,276
Jul 201701,94643.873.09$6,008
Jun 201702,31342.493.09$7,141
May 201702,41645.373.26$7,884
Apr 2017432,60447.933.21$10,424
Mar 201702,56146.772.98$7,641
Feb 201702,35250.452.95$6,945
Jan 2017466,60749.413.42$24,861
Dec 201602,70448.763.72$10,067
Nov 201602,56042.492.64$6,770
Oct 201602,82046.193.09$8,715
Sep 201602,59841.553.10$8,055
Aug 2016432,84241.442.92$10,093
Jul 201602,90341.622.92$8,489
Jun 201603,35845.352.69$9,019
May 2016542,63942.521.99$7,550
Apr 201602,60936.561.99$5,195
Mar 201602,72933.011.79$4,896
Feb 201612,63926.472.06$5,472
Jan 2016703,19127.352.36$9,459
Dec 201502,83132.362.00$5,666
Nov 201502,97338.792.17$6,443
Oct 201503,18943.552.43$7,738
Sep 201502,90742.992.76$8,019
Aug 2015622,64040.162.87$10,073
Jul 201502,89548.152.95$8,526
Jun 201502,84856.152.88$8,210
May 201502,67755.212.96$7,912
Apr 201502,80249.822.71$7,584
Mar 2015652,99042.892.93$11,563
Feb 201502,91044.662.98$8,661
Jan 201503,22243.433.10$9,990
Dec 201403,25154.693.59$11,676
Nov 2014593,24670.464.25$17,959
Oct 201403,48878.303.90$13,607
Sep 201403,41586.164.05$13,815
Aug 201403,59289.394.04$14,494
Jul 201403,42096.564.18$14,294
Jun 2014543,42698.164.74$21,529
May 201402,59194.734.73$12,247
Apr 201403,37795.944.81$16,240
Mar 2014663,17895.895.06$22,399
Feb 201402,99797.406.19$18,557
Jan 201403,56190.404.86$17,309
Dec 2013573,04391.824.35$18,484
Nov 201303,27988.853.74$12,258
Oct 201313,37197.423.78$12,838
Sep 201303,403104.113.72$12,651
Aug 201303,526104.253.52$12,421
Jul 2013604,119102.523.72$21,465
Jun 201302,39794.403.93$9,428
May 201303,47494.834.15$14,414
Apr 201303,39093.964.28$14,518
Mar 2013653,60393.623.91$20,183
Feb 201303,21691.233.42$10,998
Jan 2013663,64291.603.42$18,501
Dec 201203,79486.773.42$12,976
Nov 201203,74386.953.62$13,568
Oct 201203,93489.383.40$13,374
Sep 201203,85794.672.92$11,256
Aug 2012924,07392.662.91$20,370
Jul 201204,01385.133.02$12,122
Jun 2012753,98679.822.52$16,027
May 201204,40591.612.49$10,961
Apr 201203,737101.652.00$7,462
Mar 201204,160105.052.22$9,244
Feb 2012514,025101.102.57$15,501
Jan 201204,23098.092.73$11,565
Dec 2011624,30096.873.24$19,937
Nov 201104,24895.723.31$14,066
Oct 2011704,33484.983.65$21,761
Sep 201104,15383.623.99$16,553
Aug 201104,46383.404.15$18,518
Jul 2011594,52194.144.52$25,977
Jun 201104,31792.904.64$20,030
May 201104,59298.134.40$20,227
Apr 2011444,543105.964.33$24,348
Mar 201104,45896.364.06$18,088
Feb 2011714,28985.644.18$24,008
Jan 201104,96886.504.59$22,797
Dec 2010745,16285.734.35$28,787
Nov 201004,59380.843.80$17,432
Oct 201005,10278.103.51$17,902
Sep 2010594,61172.633.98$22,635
Aug 201005,35473.684.42$23,661
Jul 2010705,52772.554.74$31,257
Jun 201005,48670.364.91$26,938
May 201005,43871.124.24$23,031
Apr 2010805,43881.694.12$28,954
Mar 2010925,17078.394.39$29,901
Feb 201005,13173.585.44$27,925
Jan 2010976,09674.365.96$43,570
Dec 200905,73871.445.48$31,466
Nov 20091086,12674.593.75$31,037
Oct 200906,60772.544.11$27,156
Sep 200906,00265.543.06$18,395
Aug 2009926,68067.423.22$27,702
Jul 2009956,80161.133.46$29,369
Jun 200906,82966.163.90$26,599
May 200906,86354.743.93$26,942
Apr 2009876,78546.773.59$28,410
Mar 2009867,38342.144.06$33,592
Feb 2009666,87432.814.63$34,013
Jan 200907,90435.865.37$42,452
Dec 2008748,33237.105.98$52,547
Nov 2008718,35755.496.86$61,272
Oct 200808,28775.246.92$57,362
Sep 2008708,094101.767.88$70,880
Aug 2008698,582114.228.48$80,682
Jul 20081018,129131.0811.39$105,824
Jun 20081068,474131.3313.03$124,359
May 200809,029123.1711.57$104,504
Apr 20081589,033110.3110.45$111,868
Mar 2008859,673101.909.66$102,142
Feb 20081069,24792.538.77$90,910
Jan 200811810,47190.388.21$96,587
Dec 20078811,10488.337.30$88,854
Nov 200710111,55391.677.29$93,500
Oct 200722512,72682.856.92$106,730
Sep 200713213,13675.846.24$92,034
Aug 200712815,17169.066.39$105,751
Jul 20079717,72170.906.39$120,078
Jun 200715914,74562.007.55$121,160
May 200712015,96858.747.85$132,338
Apr 200712617,72259.617.81$145,835
Mar 200712321,23856.927.30$162,080
Feb 200718923,67455.108.22$204,919
Jan 200737936,51550.306.73$264,695
Dec 20068022,35856.656.92$159,214

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                2,575 Mcf  × $  3.05 =     $7,843

────────────────────────────────────────────────────
Month total                                   $7,843

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/227673 is the state's own key, not one this site invented.