FAULKNER, S.

Operated by LARGE OPERATING LLC (P-5 486623) in the PANHANDLE GRAY COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 638District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$25.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$90 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 837 leases and 6,360 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
467 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 1989-05-01.

The Commission's schedule remark for this field reads: UNTIL THE FLUID MIGRATION FROM SUCH STRATA IS ELIMINATED.

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
NGPA5none

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
OilDisposition599,060 bbl$24,345,700
Casinghead gasProduction412,795 Mcf$1,174,624
Total$25,520,323

142,133 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (24)

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 35.4377, -100.8428. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

35.43764, -100.84306 · 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
45.8%
11 of 24 wells
With a plug date
41.7%
10 of 24 wells
Median depth
3,075 ft
18 wells filed one
Completion to plug
41.4 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
1145.8%
A plug date is filed
1041.7%
BothOn the schedule and plugged. Neither fact cancels the other.
1041.7%
NeitherNo plug date, and not on the schedule.
1354.2%

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

Total depth in feet, 18 of 24 wells. Median 3,075 ft, with the middle half between 3,018 and 3,119 ft; the shallowest is 2,783 ft and the deepest 3,233 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 14 of 24 wells, Aug 1929 – Jun 1996. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Aug 1929 – Jun 1996
14 of 24 wells; 10 filed none
Plug dates filed
May 1972 – Apr 2014
10 of 24 wells; 14 filed none

Last completion to plug: a median of 41.4 years across the 2 wells that filed both dates, with the middle half between 40.3 years and 42.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

24 wells

42-17903171153,125 ftNov 2011Yes
42-1798324723,114 ftAug 1995Yes
42-1798325163,065 ftApr 2014Yes
42-1798325273,074 ftOct 2011Yes
42-17983256113,090 ftNov 2011Yes
42-179855274May 1972Yes
42-1798552816May 1972Yes
42-1798552917Feb 1973Yes
42-17903170143,014 ft
42-1798325510
42-17932165253,120 ftJun 1996
42-1790316053,233 ftMay 1994Yes
42-17932038233,060 ftSep 1992
42-17931948243,075 ftMay 1989
42-1790803313,122 ftDec 1987
42-17930147223,142 ftAug 1972Oct 2011Yes
42-1793009921Nov 1971
42-1793009719Nov 1971
42-17920122183,100 ftMar 1968Oct 2011Yes
42-17908039133,030 ftAug 1934
42-17903168123,003 ftJul 1934
42-1790316492,783 ftJun 1930
42-1790316382,836 ftFeb 1930
42-1790803532,875 ftAug 1929

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 (401)

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

401 months

May 202600106.413.05$0
Apr 2026177098.932.87$17,511
Mar 2026160089.753.15$14,360
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 2025151056.664.41$8,556
Nov 2025156058.593.93$9,140
Oct 2025164059.383.30$9,738
Sep 2025150062.743.08$9,411
Aug 2025156063.933.01$9,973
Jul 2025175066.743.32$11,680
Jun 20250066.483.13$0
May 2025154060.553.23$9,325
Apr 2025158062.363.54$9,853
Mar 2025175067.704.27$11,848
Feb 2025183070.884.34$12,971
Jan 2025176074.324.28$13,080
Dec 2024175068.993.12$12,073
Nov 2024170069.052.20$11,739
Oct 2024151071.372.28$10,777
Sep 2024160069.612.36$11,138
Aug 2024148075.632.06$11,193
Jul 20240079.932.15$0
Jun 2024170078.082.63$13,274
May 20240078.812.20$0
Apr 2024158084.451.66$13,343
Mar 2024210080.301.55$16,863
Feb 2024156076.091.78$11,870
Jan 2024166073.023.30$12,121
Dec 2023172071.262.61$12,257
Nov 2023174077.892.81$13,553
Oct 2023164085.443.09$14,012
Sep 2023173089.042.74$15,404
Aug 2023344080.522.67$27,699
Jul 2023170074.852.64$12,725
Jun 2023159068.962.26$10,965
May 2023155070.622.23$10,946
Apr 2023339078.122.24$26,483
Mar 2023342072.852.39$24,915
Feb 2023334075.112.47$25,087
Jan 2023170076.533.39$13,010
Dec 2022171076.415.73$13,066
Nov 2022343085.005.65$29,155
Oct 2022166087.185.86$14,472
Sep 2022318084.888.16$26,992
Aug 2022170094.529.13$16,068
Jul 20223370101.587.54$34,232
Jun 20221680115.097.98$19,335
May 20223510109.378.43$38,389
Apr 202200104.226.84$0
Mar 20221710108.885.08$18,618
Feb 2022259091.054.86$23,582
Jan 202216619081.844.54$14,448
Dec 202134278971.323.90$27,468
Nov 202153057777.435.24$44,060
Oct 202151367779.795.71$44,801
Sep 202168676269.865.35$52,001
Aug 202153658366.024.22$37,847
Jul 202187062170.783.98$64,051
Jun 202171078969.493.38$52,005
May 202134266663.483.02$23,720
Apr 202171462260.362.76$44,813
Mar 202150854661.302.72$32,624
Feb 202151556157.805.55$32,879
Jan 202187852150.412.81$45,724
Dec 202071462044.642.68$33,532
Nov 202071760038.772.71$29,422
Oct 202089361936.972.48$34,548
Sep 20201,06860037.091.99$40,807
Aug 202034459439.982.39$15,170
Jul 20201,22160938.371.83$47,961
Jun 202089147334.901.69$31,895
May 20201,23546616.921.81$21,742
Apr 20201,23370314.751.80$19,455
Mar 202067481730.341.86$21,966
Feb 202087556449.881.98$44,762
Jan 20201,23655257.252.09$71,917
Dec 201989863959.012.30$54,463
Nov 20198941,08355.302.75$52,417
Oct 20191,0581,23753.472.42$59,563
Sep 20198621,29455.052.66$50,892
Aug 20191,20158453.112.30$65,131
Jul 20191,2211,22156.272.46$71,709
Jun 20191,0671,21852.782.49$59,351
May 20191,0541,34658.482.74$65,326
Apr 20191,2331,29462.632.75$80,782
Mar 20197091,08856.803.06$43,603
Feb 201987791950.852.79$47,162
Jan 20191,06139046.033.23$50,097
Dec 20181,43442946.594.19$68,606
Nov 20181,21844052.934.24$66,333
Oct 20181,03240561.443.40$64,782
Sep 20181,02748359.543.11$62,649
Aug 20181,20350459.403.07$73,004
Jul 20181,21352965.142.93$80,566
Jun 20181,03149760.183.08$63,575
May 201888053465.382.90$59,083
Apr 20181,07943263.842.90$70,137
Mar 20181,04321161.222.79$64,440
Feb 20181,0357361.782.77$64,144
Jan 20188893262.874.01$56,020
Dec 2017734057.272.92$42,036
Nov 20171,08719055.423.12$60,834
Oct 201790255549.292.98$46,116
Sep 20171,26250947.523.09$61,542
Aug 20171,26451645.373.00$58,898
Jul 20171,25345543.873.09$56,374
Jun 20171,43835442.493.09$62,194
May 20171,26445345.373.26$58,826
Apr 201788346247.933.21$43,806
Mar 20171,44949246.772.98$69,238
Feb 20171,08244450.452.95$55,898
Jan 20171,46047849.413.42$73,773
Dec 20161,07648648.763.72$54,275
Nov 20161,23951242.492.64$53,999
Oct 20161,26253246.193.09$59,936
Sep 20161,42951041.553.10$60,956
Aug 201689850641.442.92$38,693
Jul 20161,42349541.622.92$60,673
Jun 20161,42530745.352.69$65,448
May 201689245542.521.99$38,834
Apr 201686548736.561.99$32,594
Mar 20161,08248833.011.79$36,592
Feb 20161,21436426.472.06$32,886
Jan 20161,24145627.352.36$35,020
Dec 20151,04932432.362.00$34,594
Nov 201584555038.792.17$33,970
Oct 20151,21751243.552.43$54,243
Sep 20151,04350142.992.76$46,221
Aug 20151,23346840.162.87$50,862
Jul 20151,42950448.152.95$70,291
Jun 20151,45450356.152.88$83,092
May 201589143255.212.96$50,469
Apr 201535836449.822.71$18,821
Mar 201535015442.892.93$15,463
Feb 201570816244.662.98$32,101
Jan 2015883043.433.10$38,349
Dec 201489118754.693.59$49,400
Nov 201487527870.464.25$62,835
Oct 20141,06546078.303.90$85,184
Sep 20141,24540186.164.05$108,891
Aug 201488420889.394.04$79,860
Jul 20141,24424396.564.18$121,136
Jun 20141,07522198.164.74$106,569
May 20141,41872494.734.73$137,749
Apr 20141,25676295.944.81$124,165
Mar 201489557995.895.06$88,749
Feb 20141,04637597.406.19$104,202
Jan 20141,24820190.404.86$113,796
Dec 20131,24812791.824.35$115,144
Nov 201388947688.853.74$80,767
Oct 20131,40880697.423.78$140,214
Sep 2013893824104.113.72$96,034
Aug 20131,059827104.253.52$113,314
Jul 20131,405748102.523.72$146,821
Jun 201388884694.403.93$87,155
May 20131,24179394.834.15$120,974
Apr 20131,06071693.964.28$102,664
Mar 20131,43869693.623.91$137,349
Feb 201388162091.233.42$82,494
Jan 20131,23824891.603.42$114,249
Dec 20121,56671586.773.42$138,327
Nov 20121,06785386.953.62$95,868
Oct 20121,60160689.383.40$145,158
Sep 20121,23652694.672.92$118,547
Aug 20121,5621,08592.662.91$147,890
Jul 20121,4241,07185.133.02$124,460
Jun 20121,4201,14179.822.52$116,219
May 201286721791.612.49$79,966
Apr 20121,260834101.652.00$129,744
Mar 20121,274923105.052.22$135,885
Feb 20121,057606101.102.57$108,420
Jan 20121,78840398.092.73$176,487
Dec 20111,24965296.873.24$123,103
Nov 20111,42481995.723.31$139,017
Oct 20111,2291,14384.983.65$108,611
Sep 20111,2411,07083.623.99$108,037
Aug 201184162683.404.15$72,737
Jul 20111,03691894.144.52$101,676
Jun 201183786892.904.64$81,785
May 201190475398.134.40$92,026
Apr 20111,4091,204105.964.33$154,515
Mar 20111,2321,13196.364.06$123,304
Feb 20111,38946685.644.18$120,902
Jan 20111,21754986.504.59$107,790
Dec 20101,39970785.734.35$123,010
Nov 20101,20174380.843.80$99,909
Oct 20108731,19378.103.51$72,367
Sep 20101,2251,22372.633.98$93,839
Aug 20101,5381,21973.684.42$118,707
Jul 20106811,02872.554.74$54,276
Jun 20101,3421,19070.364.91$100,267
May 20101,3751,36571.124.24$103,571
Apr 20101,3501,34381.694.12$115,818
Mar 20101,3821,24178.394.39$113,781
Feb 20101,34566873.585.44$102,601
Jan 20101,36188674.365.96$106,488
Dec 20091,42577171.445.48$106,030
Nov 20091,4531,13374.593.75$112,630
Oct 20091,4711,17372.544.11$111,528
Sep 20091,64275165.543.06$109,918
Aug 20091,2071,26867.423.22$85,457
Jul 20091,2351,29961.133.46$79,996
Jun 20091,5611,16266.163.90$107,802
May 20091,6081,10254.743.93$92,348
Apr 20091,60079946.773.59$77,698
Mar 20091,22652642.144.06$53,799
Feb 20091,41990132.814.63$50,732
Jan 20091,78885935.865.37$68,731
Dec 200890292537.105.98$38,993
Nov 20081,2461,15255.496.86$77,044
Oct 20081,4021,31275.246.92$114,568
Sep 20081,066914101.767.88$115,676
Aug 20081,6341,342114.228.48$198,020
Jul 20081,7251,643131.0811.39$244,826
Jun 20081,6071,317131.3313.03$228,211
May 20081,3421,269123.1711.57$179,982
Apr 20081,6081,360110.3110.45$191,597
Mar 20082,1411,197101.909.66$229,736
Feb 20081,39787092.538.77$136,895
Jan 20081,75528890.388.21$160,980
Dec 20071,47061988.337.30$134,365
Nov 20071,4671,10191.677.29$142,508
Oct 20071,9851,58482.856.92$175,422
Sep 20071,28878775.846.24$102,596
Aug 20071,9441,68369.066.39$145,004
Jul 20071,6351,77870.906.39$127,279
Jun 20071,6371,56762.007.55$113,322
May 20071,7421,60358.747.85$114,903
Apr 20071,4631,28159.617.81$97,208
Mar 20072,1331,43656.927.30$131,896
Feb 200786632655.108.22$50,395
Jan 20071,80398950.306.73$97,344
Dec 20061,2841,21456.656.92$81,138
Nov 20061,6411,63154.207.62$101,366
Oct 20061,8091,83854.906.01$110,367
Sep 20061,6151,21560.085.04$103,149
Aug 20061,6181,19168.717.34$119,915
Jul 20061,2381,19669.376.34$93,466
Jun 20061,8311,00666.286.38$127,781
May 20061,2761,23866.016.42$92,183
Apr 20061,4161,21064.397.36$100,082
Mar 20061,62084356.707.08$97,825
Feb 20061,07061657.597.75$66,396
Jan 20061,29997560.598.93$87,416
Dec 20051,47372054.9413.42$90,586
Nov 20051,31260954.6910.59$78,202
Oct 20051,26863858.3413.80$82,777
Sep 20051,30291561.4512.08$91,060
Aug 20051,6591,06361.519.80$112,459
Jul 20051,3041,00955.697.84$80,534
Jun 20051,44798652.337.38$82,999
May 20051,27098545.226.65$63,981
Apr 20051,49298849.207.36$80,679
Mar 20051,8321,03050.377.15$99,647
Feb 20051,32188245.226.31$65,303
Jan 20051,31466643.166.32$60,923
Dec 20041,25591239.866.75$56,181
Nov 20041,31097645.286.33$65,495
Oct 20041,42893149.706.52$77,037
Sep 20041,3181,17243.245.28$63,183
Aug 200483852342.375.55$38,409
Jul 200463012738.286.08$24,889
Jun 20041,9641,10236.106.43$77,990
May 20041,3201,25537.486.49$57,624
Apr 20041,6641,25134.475.86$64,687
Mar 20041,6591,27734.365.53$64,065
Feb 20041,6631,00232.455.51$59,485
Jan 20041,48795132.036.30$53,620
Dec 20031,80398430.266.30$60,760
Nov 20031,5691,07728.804.60$50,136
Oct 20032,1571,22128.174.76$66,574
Sep 20031,8401,22426.314.75$54,224
Aug 20031,8301,23229.765.13$60,781
Jul 20032,0321,23029.415.17$66,121
Jun 20031,6671,17028.565.98$54,610
May 20032,5031,23126.595.97$73,907
Apr 20031,96724826.675.41$53,801
Mar 200364751531.146.10$23,287
Feb 20031,47866233.487.93$54,730
Jan 20031,6801,01530.315.58$56,587
Dec 20021,8701,36326.914.85$56,937
Nov 20022,4531,31024.664.14$65,910
Oct 20022,17574226.464.23$60,689
Sep 20022,33151127.443.64$65,820
Aug 20022,04366225.963.16$55,131
Jul 20021,90070624.583.06$48,864
Jun 20022,47984823.733.34$61,658
May 20021,84282724.663.58$48,388
Apr 20022,13889023.653.51$53,690
Mar 20022,1451,10822.003.10$50,628
Feb 20021,9831,06018.222.38$38,648
Jan 20021,95691317.172.38$35,754
Dec 20012,5091,12816.932.36$45,144
Nov 20011,9551,13818.072.41$38,064
Oct 20011,6841,09419.782.53$36,076
Sep 20012,1121,10224.262.25$53,718
Aug 20012,2891,07424.873.05$60,207
Jul 20012,11493623.933.20$53,580
Jun 20012,30697724.563.82$60,372
May 20012,51128725.524.31$65,317
Apr 20012,00164324.685.34$52,815
Mar 20012,72230124.545.38$68,416
Feb 20011,490127.755.77$41,353
Jan 20011,03221227.478.40$30,130
Dec 20002,54877826.889.12$75,588
Nov 20002,30578032.215.66$78,657
Oct 20002,2911,67231.235.15$80,151
Sep 20002,6371,17031.875.19$90,109
Aug 20002,4511,39229.644.54$78,968
Jul 20002,26176928.534.09$67,651
Jun 20001,68658929.304.40$51,990
May 20002,69493127.263.68$76,864
Apr 20002,3181,38524.513.12$61,130
Mar 20002,7961,58228.422.86$83,986
Feb 20002,9901,49127.622.73$86,649
Jan 20002,3191,32925.272.48$61,898
Dec 19992,3061,33424.282.42$59,223
Nov 19992,7281,85223.192.43$67,770
Oct 19992,6901,83020.982.80$61,567
Sep 19992,2751,72021.752.62$53,986
Aug 19992,2951,42519.262.88$48,299
Jul 19992,4641,26617.892.37$47,084
Jun 19992,8341,99115.942.36$49,877
May 19992,3131,85415.792.32$40,825
Apr 19992,7972,03515.102.21$46,728
Mar 19992,7061,76012.471.84$36,979
Feb 19992,3141,4569.981.82$25,740
Jan 19992,6811,98010.381.90$31,591
Dec 19982,6911,5329.201.77$27,474
Nov 19981,8961,11510.892.19$23,085
Oct 19982,1422,15812.421.97$30,853
Sep 19981,8892,25512.592.08$28,479
Aug 19981,8851,79511.301.91$24,724
Jul 19981,4811,65011.742.24$21,078
Jun 19981,0631,68011.242.24$15,707
May 19981,2642,04212.622.21$20,457
Apr 19981,5792,04013.042.51$25,701
Mar 19981,4811,64312.802.31$22,751
Feb 19981,6861,01613.952.30$25,856
Jan 19981,9981,19314.702.15$31,941
Dec 19971,8921,36316.322.41$34,164
Nov 19971,9901,54918.193.09$40,982
Oct 19972,4351,54219.253.15$51,731
Sep 19972,0391,86317.742.95$41,677
Aug 19971,9881,70517.862.55$39,862
Jul 19972,2361,70617.582.25$43,142
Jun 19971,92271417.242.26$34,747
May 19972,07379918.972.31$41,169
Apr 19972,0421,50017.882.08$39,635
Mar 19972,8321,69118.951.94$56,945
Feb 19972,3141,16820.492.21$49,990
Jan 19972,2361,36623.483.54$57,337
Dec 19962,5991,28123.32$60,609
Nov 19962,4911,97221.97$54,727
Oct 19962,6052,05723.31$60,723
Sep 19962,6082,25522.22$57,950
Aug 19962,7142,67620.26$54,986
Jul 19962,6723,05219.55$52,238
Jun 19962,5892,66518.73$48,492
May 19962,4862,00719.43$48,303
Apr 19962,5502,53421.51$54,851
Mar 19962,5352,77319.38$49,128
Feb 19962,5182,14916.98$42,756
Jan 19962,4911,67617.07$42,521
Dec 19952,5552,20417.19$43,920
Nov 19952,7312,87316.00$43,696
Oct 19952,8563,06215.43$44,068
Sep 19952,8512,78916.18$46,129
Aug 19953,1953,40115.92$50,864
Jul 19953,2362,78315.24$49,317
Jun 19953,0603,07716.41$50,215
May 19953,0333,39917.56$53,259
Apr 19952,7133,59317.73$48,101
Mar 19952,7422,87916.44$45,078
Feb 19952,3782,86016.58$39,427
Jan 19953,0892,62715.92$49,177
Dec 19943,2422,34715.03$48,727
Nov 19943,4123,43215.90$54,251
Oct 19943,5333,70715.58$55,044
Sep 19943,6333,87215.29$55,549
Aug 19943,7403,95616.13$60,326
Jul 19943,5123,12517.56$61,671
Jun 19943,0702,46817.09$52,466
May 19943,5014,00315.88$55,596
Apr 19943,3893,59914.14$47,920
Mar 19943,5303,81012.46$43,984
Feb 19943,2162,35412.50$40,200
Jan 19943,6992,93912.66$46,829
Dec 19933,7013,13612.33$45,633
Nov 19933,4802,81814.49$50,425
Oct 19933,5154,19015.85$55,713
Sep 19933,37583015.03$50,726
Aug 19933,5524,58815.66$55,624
Jul 19933,7004,28915.46$57,202
Jun 19933,7583,72616.79$63,097
May 19933,9013,57317.68$68,970
Apr 19933,8354,27018.05$69,222
Mar 19933,8094,06718.14$69,095
Feb 19933,4042,33317.90$60,932
Jan 19933,9952,05716.93$67,635

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.

Apr 2026 — as filed, then multipliedworked
Oil                  177 bbl  × $ 98.93 =    $17,511
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $17,511

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. 10/O/638 is the state's own key, not one this site invented.