PITTS

Operated by MERIT ENERGY COMPANY (P-5 561136) in the SPEAKS, S. (LOWER WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198091District 02Field 849822252 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.6 M
Apr 2003 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
278
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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered
2001-06-13
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 0 acres. The field rule took effect on 2002-08-23.

The Commission's schedule remark for this field reads: G-10 TEST REPORT FOR RECORD PURPOSES.

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 Gas112006-06-22168844
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
CondensateDisposition470 bbl$23,768
GasProduction912,153 Mcf$5,527,704
Total$5,551,473

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 29.3262, -96.7462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.32616, -96.74618 · 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
17,035 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 17,035 ft.

Completions filed
Aug 2004
1 of 1 wells

1 well

42-28532992317,035 ftAug 2004

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 (278)

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

278 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 202201691.054.86$78
Jan 20220781.844.54$32
Dec 20211771.323.90$99
Nov 20210877.435.24$42
Oct 20210879.795.71$46
Sep 202101069.865.35$54
Aug 202102066.024.22$84
Jul 202102470.783.98$96
Jun 202141469.493.38$325
May 202101463.483.02$42
Apr 202101860.362.76$50
Mar 202102461.302.72$65
Feb 202105757.805.55$316
Jan 202104450.412.81$124
Dec 2020235144.642.68$1,163
Nov 202004838.772.71$130
Oct 202004336.972.48$107
Sep 202003637.091.99$72
Aug 202002839.982.39$67
Jul 202003438.371.83$62
Jun 202004534.901.69$76
May 20201185216.921.81$2,091
Apr 202005314.751.80$96
Mar 202005730.341.86$106
Feb 2020010549.881.98$208
Jan 202009957.252.09$207
Dec 2019014659.012.30$336
Nov 201909655.302.75$264
Oct 2019011953.472.42$288
Sep 2019025855.052.66$686
Aug 2019014153.112.30$325
Jul 2019017056.272.46$418
Jun 2019014552.782.49$361
May 20197913958.482.74$5,001
Apr 20190862.632.75$22
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 201803952.934.24$165
Oct 2018017861.443.40$605
Sep 2018018459.543.11$572
Aug 2018020759.403.07$635
Jul 201810418965.142.93$7,329
Jun 2018020660.183.08$634
May 2018013465.382.90$389
Apr 201814110763.842.90$9,312
Mar 201805861.222.79$162
Feb 2018015361.782.77$423
Jan 201802362.874.01$92
Dec 201705657.272.92$164
Nov 201704055.423.12$125
Oct 2017011449.292.98$340
Sep 2017017247.523.09$531
Aug 2017010145.373.00$303
Jul 2017018243.873.09$562
Jun 2017018542.493.09$571
May 2017021245.373.26$692
Apr 2017018447.933.21$591
Mar 2017016746.772.98$498
Feb 2017015650.452.95$461
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 201605246.193.09$161
Sep 20160941.553.10$28
Aug 20160041.442.92$0
Jul 201604941.622.92$143
Jun 20160045.352.69$0
May 2016020342.521.99$404
Apr 2016014936.561.99$297
Mar 2016014333.011.79$257
Feb 201609226.472.06$190
Jan 2016011327.352.36$267
Dec 2015014132.362.00$282
Nov 2015013138.792.17$284
Oct 2015029843.552.43$723
Sep 201509542.992.76$262
Aug 2015015140.162.87$434
Jul 201502948.152.95$85
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 201508049.822.71$217
Mar 2015013542.892.93$396
Feb 2015015944.662.98$473
Jan 2015013343.433.10$412
Dec 2014015554.693.59$557
Nov 2014027970.464.25$1,186
Oct 2014020878.303.90$811
Sep 2014024786.164.05$999
Aug 2014020789.394.04$835
Jul 2014019896.564.18$828
Jun 2014019498.164.74$919
May 2014025194.734.73$1,186
Apr 2014015295.944.81$731
Mar 2014030095.895.06$1,517
Feb 2014013597.406.19$836
Jan 2014027990.404.86$1,356
Dec 2013023591.824.35$1,023
Nov 201309388.853.74$348
Oct 2013022897.423.78$862
Sep 20130275104.113.72$1,022
Aug 20130248104.253.52$874
Jul 20130292102.523.72$1,086
Jun 2013017794.403.93$696
May 2013017694.834.15$730
Apr 2013024293.964.28$1,036
Mar 2013025293.623.91$986
Feb 2013022591.233.42$769
Jan 2013024791.603.42$845
Dec 2012012686.773.42$431
Nov 2012024686.953.62$892
Oct 2012029689.383.40$1,006
Sep 2012028294.672.92$823
Aug 2012024992.662.91$724
Jul 2012026885.133.02$810
Jun 2012035279.822.52$887
May 2012047291.612.49$1,174
Apr 20120785101.652.00$1,567
Mar 201200105.052.22$0
Feb 20120467101.102.57$1,200
Jan 2012042298.092.73$1,154
Dec 2011055196.873.24$1,785
Nov 2011047195.723.31$1,560
Oct 2011013084.983.65$474
Sep 2011031883.623.99$1,267
Aug 2011043783.404.15$1,813
Jul 2011063694.144.52$2,873
Jun 2011051792.904.64$2,399
May 2011059398.134.40$2,612
Apr 20110655105.964.33$2,838
Mar 2011071896.364.06$2,913
Feb 2011032485.644.18$1,354
Jan 201101,27286.504.59$5,837
Dec 2010032185.734.35$1,396
Nov 20100580.843.80$19
Oct 201001,89478.103.51$6,646
Sep 2010019372.633.98$768
Aug 20100073.684.42$0
Jul 201003072.554.74$142
Jun 2010094870.364.91$4,655
May 2010041271.124.24$1,745
Apr 2010082181.694.12$3,385
Mar 2010040978.394.39$1,795
Feb 2010094173.585.44$5,121
Jan 2010050174.365.96$2,988
Dec 2009094171.445.48$5,160
Nov 2009068874.593.75$2,581
Oct 2009068172.544.11$2,799
Sep 200901,01765.543.06$3,117
Aug 2009073767.423.22$2,372
Jul 200901,26161.133.46$4,369
Jun 2009083766.163.90$3,260
May 2009055054.743.93$2,159
Apr 2009074846.773.59$2,683
Mar 200901,01142.144.06$4,104
Feb 200901,26932.814.63$5,879
Jan 200901,58435.865.37$8,508
Dec 2008067337.105.98$4,023
Nov 200801,22255.496.86$8,383
Oct 200801,63675.246.92$11,324
Sep 20080654101.767.88$5,152
Aug 200801,620114.228.48$13,742
Jul 200801,248131.0811.39$14,214
Jun 200801,032131.3313.03$13,450
May 200801,423123.1711.57$16,470
Apr 200802,732110.3110.45$28,563
Mar 200801,159101.909.66$11,201
Feb 2008042792.538.77$3,745
Jan 200802,19090.388.21$17,971
Dec 200702,69788.337.30$19,693
Nov 2007072391.677.29$5,272
Oct 200703,03782.856.92$21,022
Sep 200702,11075.846.24$13,175
Aug 200703,70769.066.39$23,680
Jul 200702,23170.906.39$14,251
Jun 200701,01662.007.55$7,669
May 200702,63058.747.85$20,636
Apr 200702,97859.617.81$23,244
Mar 200701,64056.927.30$11,975
Feb 200702,81255.108.22$23,103
Jan 200704,13450.306.73$27,809
Dec 200605,57556.656.92$38,570
Nov 200602,07854.207.62$15,829
Oct 200605,70754.906.01$34,321
Sep 200601,32760.085.04$6,684
Aug 200602,03068.717.34$14,900
Jul 200605,58169.376.34$35,399
Jun 200605,36066.286.38$34,218
May 200606,31166.016.42$40,548
Apr 200605,61564.397.36$41,329
Mar 200606,31656.707.08$44,736
Feb 200607,26457.597.75$56,304
Jan 200608,45360.598.93$75,513
Dec 200505,35554.9413.42$71,839
Nov 200505,13554.6910.59$54,371
Oct 200505,03558.3413.80$69,462
Sep 200505,87561.4512.08$70,964
Aug 200505,77561.519.80$56,577
Jul 200506,25755.697.84$49,078
Jun 200507,34552.337.38$54,214
May 200508,60745.226.65$57,247
Apr 200509,64649.207.36$70,999
Mar 2005012,24150.377.15$87,583
Feb 2005012,09845.226.31$76,362
Jan 2005017,39143.166.32$109,949
Dec 2004020,73639.866.75$139,990
Nov 2004023,79645.286.33$150,639
Oct 2004033,56649.706.52$218,686
Sep 2004049,89643.245.28$263,645
Aug 200407,18042.375.55$39,854
Jul 200406,27238.286.08$38,160
Jun 200407,26036.106.43$46,704
May 2004011,17437.486.49$72,570
Apr 200402,46434.475.86$14,435
Mar 2004010,59934.365.53$58,614
Feb 200406,72032.455.51$37,025
Jan 2004012,20332.036.30$76,875
Dec 2003015,89630.266.30$100,171
Nov 2003021,72528.804.60$99,830
Oct 2003022,45428.174.76$106,873
Sep 2003014,55526.314.75$69,127
Aug 2003025,85629.765.13$132,634
Jul 2003033,18629.415.17$171,600
Jun 2003052,87028.565.98$316,319
May 2003091,86526.595.97$548,680
Apr 20030192,73826.675.41$1,042,188

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.

Feb 2022 — as filed, then multipliedworked
Condensate             0 bbl  × $ 91.05 =         $0
Gas                   16 Mcf  × $  4.86 =        $78

────────────────────────────────────────────────────
Month total                                      $78

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. 02/G/198091 is the state's own key, not one this site invented.