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Texas gas well

Producing

FALCON LAKE

Falcon Lake is a gas well in Zapata County, Texas, operated by Varas Energy Operating Company, in the Urebeno, South (Wilcox 7000) field.

1 well

4,142mcf gas, last 12 months−29% vs prior year
Operator
Varas Energy Operating Company,
County
Zapata County
Field
Urebeno, South (Wilcox 7000)
RRC lease
04-261701

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Where it sits

This county

Zapata CountyZapataJim HoggZapata County
Zapata County
Gas in Jul 2026
510 mcf
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Varas Energy Operating Company, took over from Hugoton Operating Company, Inc. in Jan 2025.

  • Buyer

    Buyer changed: ENTERPRISE PRODUCTS OPERATING LLC replaced DCP OPERATING COMPANY, LP as the buyer of this lease's gas from gas wells on Jan 1, 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Gas output fell 29% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output fell 29% over the last 12 monthsMonthly gas production for FALCON LAKE, Aug 2023 to Jul 2026. Gas output fell 29% over the last 12 months. 4,142 mcf in the 12 months through Jul 2026, against 5,859 mcf in the 12 months before.Last 12 months: 4,142 mcfmcf per month05001,0001,5002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 29% over the last 12 monthsMonthly gas production for FALCON LAKE, Aug 2023 to Jul 2026. Gas output fell 29% over the last 12 months. 4,142 mcf in the 12 months through Jul 2026, against 5,859 mcf in the 12 months before.Last 12 monthsmcf per month05001,0001,5002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

81% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
81% of the gas went to a transmission line in the last 12 monthsShare of FALCON LAKE gas by disposition code each month, Aug 2023 to Jul 2026. 81% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
81% of the gas went to a transmission line in the last 12 monthsShare of FALCON LAKE gas by disposition code each month, Aug 2023 to Jul 2026. 81% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    81% · 3,372 mcf

  • Lease fuel (1)

    19% · 770 mcf

Who has run this lease

The operator changed 2 times, most recently in Jan 2025

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Nov 2020; Hugoton Operating Company, Inc., Dec 2020 to Dec 2024; Varas Energy Operating Company,, Jan 2025 to Jul 20262020202120222023202420252026Changed Dec 2020Changed Jan 2025Blackbeard Operating, LLCJan 2020 to Nov 2020Hugoton Operating Company, In…Dec 2020 to Dec 2024Varas Energy Operating Compan…Jan 2025 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Nov 2020; Hugoton Operating Company, Inc., Dec 2020 to Dec 2024; Varas Energy Operating Company,, Jan 2025 to Jul 20262020202120222023202420252026Changed Dec 2020Changed Jan 2025Blackbeard Operating, LLCJan 2020 to Nov 2020Hugoton Operating Company, Inc.Dec 2020 to Dec 2024Varas Energy Operating Company,Jan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on FALCON LAKE
API numberWell no.Status
42-505-365391Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermCondensateGathers50Dec 1, 2022–
Gulfmark Energy, Inc.CondensateGathers50May 1, 2020–
Enterprise Products Operating LLCGas-well gasBuys100Jan 1, 2025–
Varas Energy Operating Company,Gas-well gasGathers100Jan 1, 2025–
Hugoton Operating Company, Inc.Gas-well gasGathers100Jun 1, 2021Jan 1, 2025
Dcp Operating Company, LPGas-well gasBuys100Dec 1, 2019Jan 1, 2025
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers50May 1, 2020Dec 1, 2022
Bluestone Natural Res. Ii, LLCGas-well gasGathers100Dec 1, 2019Jun 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers100Dec 1, 2019May 1, 2020
Flint Hills Resources, LPCondensateGathers100Mar 10, 2011Dec 1, 2019

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

357.46 acres on the newest permit

Check your decimal on this lease
Permits for Falcon Lake
API numberWell no.Acreson the permit
42-505-365391357.46

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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Estimate your royalty

36 months, newest first

Ledger for FALCON LAKE
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Varas Energy5104360$80.46$2.89
Jun 2026Varas Energy3192620$84.81$3.15
May 2026Varas Energy2572120$102.13$2.94
Apr 2026Varas Energy4233460$100.32$2.77
Mar 2026Varas Energy3682980$91.38$3.04
Feb 2026Varas Energy3452750$64.51$3.62
Jan 2026Varas Energy3933130$60.04$7.72
Dec 2025Varas Energy3392850$57.97$4.26
Nov 2025Varas Energy2411930$60.06$3.79
Oct 2025Varas Energy3552860$60.89$3.19
Sep 2025Varas Energy3162540$63.96$2.97
Aug 2025Varas Energy2762120$64.86$2.91
Jul 2025Varas Energy3342670$68.39$3.20
Jun 2025Varas Energy3502590$68.17$3.02
May 2025Varas Energy3782800$62.17$3.12
Apr 2025Varas Energy4643320$63.54$3.42
Mar 2025Varas Energy5824240$68.24$4.12
Feb 2025Varas Energy4463370$71.53$4.19
Jan 2025Varas Energy4833430$75.74$4.13
Dec 2024Hugoton Operating5063740$70.12$3.01
Nov 2024Hugoton Operating7055450$69.95$2.12
Oct 2024Hugoton Operating5544290$71.99$2.20
Sep 2024Hugoton Operating5083820$70.24$2.28
Aug 2024Hugoton Operating5494130$76.68$1.99
Jul 2024Hugoton Operating5484260$81.80$2.07
Jun 2024Hugoton Operating5003870$79.77$2.54
May 2024Hugoton Operating6935630$80.02$2.12
Apr 2024Hugoton Operating1,4611,2860$85.35$1.60
Mar 2024Hugoton Operating000$81.28$1.49
Feb 2024Hugoton Operating000$77.25$1.72
Jan 2024Hugoton Operating000$74.15$3.18
Dec 2023Hugoton Operating3522660$71.90$2.52
Nov 2023Hugoton Operating5214220$77.69$2.71
Oct 2023Hugoton Operating7175860$85.64$2.98
Sep 2023Hugoton Operating5954760$89.43$2.64
Aug 2023Hugoton Operating6825740$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorVaras Energy Operating Company,FieldUrebeno, South (Wilcox 7000)CountyZapata County

Varas Energy Operating Company, in Zapata County

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Urebeno, South (Wilcox 7000) field

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