VAN SCHERPE GAS UNIT "B"

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

Gas lease lease 219666District 04Field 460886002 tax incentive programmesCondensateGasSaveExport
Value, all time
$23.4 M
Apr 2006 – Mar 2018
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
144
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 34 leases and 34 wells, and the rule below applies to all of them.

Discovered
1970-01-06
as the register files it
Field class
Gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1999-07-27.

The Commission's schedule remark for this field reads: 10-1. FOR TEST DUE 4-1 PRIOR TEST TO BE FILED.

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 Gas112007-02-16172682
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
CondensateDisposition41,516 bbl$2,678,334
GasProduction3,100,805 Mcf$20,721,841
Total$23,400,175

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 26.4104, -98.4815. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.41037, -98.48149 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
13,000 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
1100.0%
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.
00.0%

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 13,000 ft.

Completions filed
Aug 2014
1 of 1 wells

1 well

42-215334431013,000 ftAug 2014Yes

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 (144)

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

144 months

Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 201736057.272.92$2,062
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 20160048.763.72$0
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 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 2015142048.152.95$6,837
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 2014011396.564.18$472
Jun 2014030798.164.74$1,454
May 2014012294.734.73$577
Apr 2014031995.944.81$1,534
Mar 20141195.895.06$101
Feb 2014020497.406.19$1,263
Jan 2014019190.404.86$928
Dec 2013014291.824.35$618
Nov 2013314388.853.74$801
Oct 2013026697.423.78$1,005
Sep 20130143104.113.72$532
Aug 20130133104.253.52$469
Jul 201301,358102.523.72$5,049
Jun 201303,08994.403.93$12,150
May 201302,80794.834.15$11,646
Apr 20131902,72493.964.28$29,518
Mar 201302,39593.623.91$9,371
Feb 201303,18291.233.42$10,882
Jan 201303,76591.603.42$12,876
Dec 201202,27886.773.42$7,791
Nov 2012130686.953.62$1,196
Oct 20121802,53289.383.40$24,696
Sep 201203,72294.672.92$10,862
Aug 201203,96892.662.91$11,540
Jul 201204,12385.133.02$12,455
Jun 20121481,02579.822.52$14,395
May 2012039591.612.49$983
Apr 20120493101.652.00$984
Mar 201204,296105.052.22$9,546
Feb 201214,390101.102.57$11,384
Jan 201203,74398.092.73$10,234
Dec 201117235896.873.24$17,821
Nov 201101,31795.723.31$4,361
Oct 2011059684.983.65$2,175
Sep 2011027083.623.99$1,076
Aug 2011051183.404.15$2,120
Jul 2011016194.144.52$727
Jun 2011066392.904.64$3,076
May 201102,99198.134.40$13,175
Apr 201132,005105.964.33$9,006
Mar 201133,10796.364.06$12,895
Feb 201122,95385.644.18$12,515
Jan 201101,66086.504.59$7,617
Dec 201001,66585.734.35$7,239
Nov 20101702,11180.843.80$21,755
Oct 201019,43978.103.51$33,199
Sep 20101788,69772.633.98$47,538
Aug 201019,74973.684.42$43,158
Jul 201019110,24172.554.74$62,363
Jun 2010110,09170.364.91$49,621
May 201018811,14971.124.24$60,589
Apr 2010111,36581.694.12$46,936
Mar 201019512,46778.394.39$70,000
Feb 201019311,60573.585.44$77,360
Jan 201019513,01274.365.96$92,105
Dec 200919413,63371.445.48$88,619
Nov 200919313,94874.593.75$66,722
Oct 2009115,13472.544.11$62,277
Sep 200916815,04365.543.06$57,114
Aug 200917316,56367.423.22$64,972
Jul 200933217,40461.133.46$80,591
Jun 200919117,39766.163.90$80,398
May 200917318,66554.743.93$82,744
Apr 200917918,76846.773.59$75,702
Mar 200938719,76442.144.06$96,530
Feb 200919518,53732.814.63$92,280
Jan 200919420,66535.865.37$117,949
Dec 200837921,07237.105.98$140,011
Nov 200819321,21455.496.86$156,245
Oct 200819022,57675.246.92$170,566
Sep 200819720,736101.767.88$183,386
Aug 200837822,893114.228.48$237,377
Jul 200817923,569131.0811.39$291,901
Jun 200818823,810131.3313.03$334,997
May 200837151,716123.1711.57$644,272
Apr 200820023,777110.3110.45$270,647
Mar 2008027,298101.909.66$263,810
Feb 2008035,79592.538.77$313,943
Jan 2008041,95290.388.21$344,247
Dec 2007044,49788.337.30$324,916
Nov 200720446,45391.677.29$357,422
Oct 2007050,56982.856.92$350,038
Sep 200739351,90275.846.24$353,890
Aug 200737655,61469.066.39$381,225
Jul 200757951,09570.906.39$367,443
Jun 200778291,03762.007.55$735,672
May 200778362,42358.747.85$535,782
Apr 200797464,61959.617.81$562,424
Mar 20071,36888,59456.927.30$724,777
Feb 200798392,00155.108.22$810,044
Jan 20071,961115,14650.306.73$873,208
Dec 20062,094125,43256.656.92$986,419
Nov 20062,471141,26554.207.62$1,210,012
Oct 20062,842200,31754.906.01$1,360,692
Sep 20063,042196,29660.085.04$1,171,546
Aug 20063,878244,64468.717.34$2,062,125
Jul 20063,685210,10469.376.34$1,588,268
Jun 20064,160242,43466.286.38$1,823,394
May 20064,090202,52666.016.42$1,571,210
Apr 200601,05064.397.36$7,729

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 2017 — as filed, then multipliedworked
Condensate            36 bbl  × $ 57.27 =     $2,062
Gas                    0 Mcf  × $  2.92 =         $0

────────────────────────────────────────────────────
Month total                                   $2,062

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. 04/G/219666 is the state's own key, not one this site invented.