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Royalty Clerk

Texas gas well

Producing

LEARD #1

Leard #1 is a gas well in Upshur County, Texas, operated by Faulconer Energy, LLC in the Rosewood (Cotton Valley) field.

1 well

17,311mcf gas, last 12 months−2% vs prior year
Operator
Faulconer Energy, LLC
County
Upshur County
Field
Rosewood (Cotton Valley)
RRC lease
06-171934

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Where it sits

This county

Upshur CountyUpshurFranklinGreggCassWoodMorrisHopkinsSmithDeltaHarrisonMarionTitusCampUpshur County
Upshur County
Oil, last 12 months
115 bbl
Gas in Jul 2026
1,172 mcf

Production by month

Gas output held steady over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output held steady over the last 12 monthsMonthly gas production and oil for LEARD #1, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 17,311 mcf in the 12 months through Jul 2026, against 17,673 mcf in the 12 months before.Last 12 months: 17,311 mcfmcf per monthbbl per month00500101,000201,500302,000402,50050Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output held steady over the last 12 monthsMonthly gas production and oil for LEARD #1, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 17,311 mcf in the 12 months through Jul 2026, against 17,673 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00500101,000201,500302,000402,50050Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

84% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
84% of the gas went to a transmission line in the last 12 monthsShare of LEARD #1 gas by disposition code each month, Aug 2023 to Jul 2026. 84% 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
84% of the gas went to a transmission line in the last 12 monthsShare of LEARD #1 gas by disposition code each month, Aug 2023 to Jul 2026. 84% 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)

    84% · 14,601 mcf

  • Lease fuel (1)

    16% · 2,710 mcf

Who has run this lease

The operator changed once, most recently in Apr 2023

Operators of this lease over timeXTO Energy Inc., Jan 2020 to Mar 2023; Faulconer Energy, LLC, Apr 2023 to Jul 20262020202120222023202420252026Changed Apr 2023XTO Energy Inc.Jan 2020 to Mar 2023Faulconer Energy, LLCApr 2023 to now
Operators of this lease over timeXTO Energy Inc., Jan 2020 to Mar 2023; Faulconer Energy, LLC, Apr 2023 to Jul 20262020202120222023202420252026Changed Apr 2023XTO Energy Inc.Jan 2020 to Mar 2023Faulconer Energy, LLCApr 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on LEARD #1
API numberWell no.Status
42-459-309735Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCCondensateGathers100Sep 1, 2026–
Midcoast G & P (East Texas) L.p.Gas-well gasBuys100Feb 1, 2019–
Midcoast Pipelines (E Tx) L.p.Gas-well gasGathers100Feb 1, 2019–
Plains Marketing, L.p.CondensateGathers100Jul 1, 2000Sep 1, 2026
Enbridge Pipelines (E. Tx) L.p.Gas-well gasGathers100Feb 1, 2010Feb 1, 2019
Enbridge Pipelines (E. Tx) L.p.Gas-well gasBuys100Feb 1, 2010Feb 1, 2019

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

Who buys my oilOil price check

660.21 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Leard #1
API numberWell no.Acreson the permit
42-459-309735660.21

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for LEARD #1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Faulconer Energy,001,1729320$80.46$2.89
Jun 2026Faulconer Energy,1201,3611,1220$84.81$3.15
May 2026Faulconer Energy,1211,4821,2360$102.13$2.94
Apr 2026Faulconer Energy,701,1989620$100.32$2.77
Mar 2026Faulconer Energy,701,4011,1540$91.38$3.04
Feb 2026Faulconer Energy,12731,4021,2000$64.51$3.62
Jan 2026Faulconer Energy,1801,6011,4260$60.04$7.72
Dec 2025Faulconer Energy,1201,7121,5040$57.97$4.26
Nov 2025Faulconer Energy,1301,4701,2370$60.06$3.79
Oct 2025Faulconer Energy,801,6021,3640$60.89$3.19
Sep 2025Faulconer Energy,601,4041,1730$63.96$2.97
Aug 2025Faulconer Energy,801,5061,2910$64.86$2.91
Jul 2025Faulconer Energy,1601,7241,4930$68.39$3.20
Jun 2025Faulconer Energy,2202,0271,7990$68.17$3.02
May 2025Faulconer Energy,008677580$62.17$3.12
Apr 2025Faulconer Energy,2411,2961,1810$63.54$3.42
Mar 2025Faulconer Energy,1401,9271,6910$68.24$4.12
Feb 2025Faulconer Energy,711,6681,4670$71.53$4.19
Jan 2025Faulconer Energy,2502,0921,8390$75.74$4.13
Dec 2024Faulconer Energy,281732,3582,1110$70.12$3.01
Nov 2024Faulconer Energy,3202,3972,1740$69.95$2.12
Oct 2024Faulconer Energy,3808138010$71.99$2.20
Sep 2024Faulconer Energy,002382340$70.24$2.28
Aug 2024Faulconer Energy,002662620$76.68$1.99
Jul 2024Faulconer Energy,405575490$81.80$2.07
Jun 2024Faulconer Energy,3004664590$79.77$2.54
May 2024Faulconer Energy,002092060$80.02$2.12
Apr 2024Faulconer Energy,2601501480$85.35$1.60
Mar 2024Faulconer Energy,0086850$81.28$1.49
Feb 2024Faulconer Energy,001411390$77.25$1.72
Jan 2024Faulconer Energy,002712670$74.15$3.18
Dec 2023Faulconer Energy,002182150$71.90$2.52
Nov 2023Faulconer Energy,002352320$77.69$2.71
Oct 2023Faulconer Energy,001771740$85.64$2.98
Sep 2023Faulconer Energy,001721690$89.43$2.64
Aug 2023Faulconer Energy,001841810$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

OperatorFaulconer Energy, LLCFieldRosewood (Cotton Valley)CountyUpshur County

Faulconer Energy, LLC in Upshur County

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Rosewood (Cotton Valley) field

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