SPENCE

Operated by FORMATION RECOVERY LLC (P-5 276932) in the BBB&C, BLK.3 (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 123246District 7BField 04672500CondensateGasSaveExport
Value, all time
$215 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 78 leases and 105 wells, and the rule below applies to all of them.

Discovered
1976-11-28
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

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
CondensateDisposition217 bbl$12,257
GasProduction56,337 Mcf$202,609
Total$214,866

13,802 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 (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 32.0204, -98.9663. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.02037, -98.96629 · 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
2,902 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 2,902 ft.

Completions filed
Jan 1984
1 of 1 wells

1 well

42-0493353212,902 ftJan 1984

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 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 201609648.763.72$357
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 201509743.552.43$235
Sep 201509842.992.76$270
Aug 2015010140.162.87$290
Jul 201509648.152.95$283
Jun 201509556.152.88$274
May 2015010255.212.96$301
Apr 2015014849.822.71$401
Mar 2015015342.892.93$449
Feb 2015017244.662.98$512
Jan 2015018143.433.10$561
Dec 2014011254.693.59$402
Nov 2014011870.464.25$502
Oct 2014012078.303.90$468
Sep 2014017986.164.05$724
Aug 2014012489.394.04$500
Jul 2014012496.564.18$518
Jun 201409098.164.74$426
May 201408094.734.73$378
Apr 2014013195.944.81$630
Mar 2014013695.895.06$688
Feb 2014011897.406.19$731
Jan 2014016890.404.86$817
Dec 2013017991.824.35$779
Nov 2013017488.853.74$650
Oct 2013020097.423.78$756
Sep 20130182104.113.72$677
Aug 20130190104.253.52$669
Jul 20130188102.523.72$699
Jun 2013019594.403.93$767
May 2013020094.834.15$830
Apr 2013019493.964.28$831
Mar 2013016893.623.91$657
Feb 2013017991.233.42$612
Jan 2013019891.603.42$677
Dec 2012019486.773.42$664
Nov 2012018986.953.62$685
Oct 2012019889.383.40$673
Sep 2012019394.672.92$563
Aug 2012020392.662.91$590
Jul 2012020085.133.02$604
Jun 2012019479.822.52$489
May 2012020391.612.49$505
Apr 20120196101.652.00$391
Mar 20120201105.052.22$447
Feb 20120161101.102.57$414
Jan 201210120198.092.73$10,457
Dec 20110096.873.24$0
Nov 2011020595.723.31$679
Oct 2011015984.983.65$580
Sep 2011015083.623.99$598
Aug 2011015783.404.15$651
Jul 2011015394.144.52$691
Jun 2011016892.904.64$780
May 2011018498.134.40$810
Apr 20110179105.964.33$776
Mar 2011018496.364.06$747
Feb 2011016585.644.18$690
Jan 2011018686.504.59$854
Dec 2010018585.734.35$804
Nov 2010018080.843.80$683
Oct 2010018678.103.51$653
Sep 2010018472.633.98$732
Aug 2010018673.684.42$822
Jul 2010020272.554.74$957
Jun 2010021170.364.91$1,036
May 2010016271.124.24$686
Apr 2010020981.694.12$862
Mar 2010021778.394.39$952
Feb 2010019573.585.44$1,061
Jan 2010021774.365.96$1,294
Dec 2009020671.445.48$1,130
Nov 2009021074.593.75$788
Oct 2009021772.544.11$892
Sep 2009020665.543.06$631
Aug 2009021767.423.22$698
Jul 2009021761.133.46$752
Jun 2009021066.163.90$818
May 2009022054.743.93$864
Apr 2009021146.773.59$757
Mar 200903442.144.06$138
Feb 200904732.814.63$218
Jan 2009017735.865.37$951
Dec 2008019337.105.98$1,154
Nov 2008016555.496.86$1,132
Oct 2008015875.246.92$1,094
Sep 20080171101.767.88$1,347
Aug 20080219114.228.48$1,858
Jul 20080120131.0811.39$1,367
Jun 20080207131.3313.03$2,698
May 20080221123.1711.57$2,558
Apr 20080210110.3110.45$2,196
Mar 20080226101.909.66$2,184
Feb 2008018992.538.77$1,658
Jan 2008021490.388.21$1,756
Dec 2007021688.337.30$1,577
Nov 2007021691.677.29$1,575
Oct 2007022182.856.92$1,530
Sep 2007022075.846.24$1,374
Aug 2007023069.066.39$1,469
Jul 2007023170.906.39$1,476
Jun 2007022862.007.55$1,721
May 2007017558.747.85$1,373
Apr 2007019659.617.81$1,530
Mar 2007022556.927.30$1,643
Feb 2007019455.108.22$1,594
Jan 2007021550.306.73$1,446
Dec 2006022356.656.92$1,543
Nov 2006021954.207.62$1,668
Oct 2006022254.906.01$1,335
Sep 2006022160.085.04$1,113
Aug 2006024968.717.34$1,828
Jul 2006020369.376.34$1,288
Jun 2006019766.286.38$1,258
May 2006021866.016.42$1,401
Apr 2006021264.397.36$1,560
Mar 2006022056.707.08$1,558
Feb 2006020257.597.75$1,566
Jan 2006022160.598.93$1,974
Dec 2005022754.9413.42$3,045
Nov 2005022054.6910.59$2,329
Oct 2005019958.3413.80$2,745
Sep 2005021461.4512.08$2,585
Aug 2005023661.519.80$2,312
Jul 2005023655.697.84$1,851
Jun 2005022252.337.38$1,639
May 2005025345.226.65$1,683
Apr 2005024849.207.36$1,825
Mar 2005024850.377.15$1,774
Feb 200506245.226.31$391
Jan 200503143.166.32$196
Dec 2004016539.866.75$1,114
Nov 2004017545.286.33$1,108
Oct 2004018949.706.52$1,231
Sep 2004017743.245.28$935
Aug 2004017842.375.55$988
Jul 2004017338.286.08$1,053
Jun 2004016236.106.43$1,042
May 2004017537.486.49$1,137
Apr 2004017034.475.86$996
Mar 2004016634.365.53$918
Feb 2004016632.455.51$915
Jan 2004017632.036.30$1,109
Dec 2003017630.266.30$1,109
Nov 2003017628.804.60$809
Oct 2003018328.174.76$871
Sep 2003019226.314.75$912
Aug 2003019329.765.13$990
Jul 2003019829.415.17$1,024
Jun 2003018228.565.98$1,089
May 2003017826.595.97$1,063
Apr 2003017026.675.41$919
Mar 2003019531.146.10$1,189
Feb 2003017133.487.93$1,355
Jan 2003017230.315.58$960
Dec 2002017026.914.85$825
Nov 2002017424.664.14$720
Oct 2002020226.464.23$854
Sep 2002022627.443.64$822
Aug 2002022425.963.16$709
Jul 200204224.583.06$129
Jun 2002023823.733.34$795
May 2002022824.663.58$817
Apr 2002021223.653.51$745
Mar 2002022322.003.10$692
Feb 2002018518.222.38$440
Jan 2002022217.172.38$527
Dec 2001025516.932.36$603
Nov 2001026218.072.41$630
Oct 2001022019.782.53$556
Sep 2001017724.262.25$398
Aug 2001013224.873.05$403
Jul 2001015423.933.20$492
Jun 2001015124.563.82$577
May 2001016025.524.31$689
Apr 2001018724.685.34$998
Mar 2001017824.545.38$957
Feb 2001018927.755.77$1,090
Jan 2001020327.478.40$1,705
Dec 2000019426.889.12$1,770
Nov 2000015032.215.66$849
Oct 2000017131.235.15$880
Sep 2000016131.875.19$835
Aug 2000015029.644.54$681
Jul 2000017028.534.09$695
Jun 2000018229.304.40$800
May 2000018527.263.68$681
Apr 2000019524.513.12$608
Mar 2000020928.422.86$598
Feb 2000029027.622.73$791
Jan 2000020125.272.48$499
Dec 1999021524.282.42$521
Nov 1999023623.192.43$574
Oct 1999020220.982.80$566
Sep 1999019321.752.62$505
Aug 1999019619.262.88$564
Jul 1999020217.892.37$479
Jun 1999023715.942.36$560
May 1999025615.792.32$594
Apr 1999028415.102.21$627
Mar 1999026012.471.84$478
Feb 199902729.981.82$494
Jan 1999028510.381.90$541
Dec 199802919.201.77$516
Nov 1998030510.892.19$667
Oct 1998024512.421.97$482
Sep 1998021212.592.08$442
Aug 1998023911.301.91$456
Jul 1998023911.742.24$535
Jun 1998022911.242.24$512
May 1998022212.622.21$490
Apr 1998019313.042.51$484
Mar 1998017112.802.31$395
Feb 1998018213.952.30$418
Jan 1998022414.702.15$483
Dec 1997023816.322.41$574
Nov 1997022218.193.09$686
Oct 1997025719.253.15$810
Sep 1997028017.742.95$827
Aug 1997032517.862.55$830
Jul 1997023517.582.25$528
Jun 19970117.242.26$2
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 1997014118.951.94$273
Feb 1997019220.492.21$424
Jan 1997024623.483.54$871
Dec 1996020423.32$0
Nov 1996026021.97$0
Oct 1996022823.31$0
Sep 1996025122.22$0
Aug 199611626220.26$2,350
Jul 1996026219.55$0
Jun 1996025918.73$0
May 1996026619.43$0
Apr 1996025921.51$0
Mar 1996026319.38$0
Feb 1996022416.98$0
Jan 1996023517.07$0
Dec 1995025117.19$0
Nov 1995025416.00$0
Oct 1995032015.43$0
Sep 1995032316.18$0
Aug 1995030615.92$0
Jul 1995026915.24$0
Jun 1995027316.41$0
May 1995030917.56$0
Apr 1995028217.73$0
Mar 1995054416.44$0
Feb 1995078216.58$0
Jan 1995045415.92$0
Dec 1994030915.03$0
Nov 1994030415.90$0
Oct 1994026015.58$0
Sep 1994039715.29$0
Aug 1994030216.13$0
Jul 1994026817.56$0
Jun 1994020817.09$0
May 1994025715.88$0
Apr 1994023114.14$0
Mar 1994039312.46$0
Feb 1994021012.50$0
Jan 1994028312.66$0
Dec 1993024412.33$0
Nov 1993022014.49$0
Oct 1993022715.85$0
Sep 1993022515.03$0
Aug 1993025515.66$0
Jul 1993029015.46$0
Jun 1993027016.79$0
May 1993026417.68$0
Apr 1993025918.05$0
Mar 1993027018.14$0
Feb 1993023817.90$0
Jan 1993027816.93$0

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.

Dec 2016 — as filed, then multipliedworked
Condensate             0 bbl  × $ 48.76 =         $0
Gas                   96 Mcf  × $  3.72 =       $357

────────────────────────────────────────────────────
Month total                                     $357

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. 7B/G/123246 is the state's own key, not one this site invented.