COATES "A"

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

Gas lease lease 241744District 04Field 460895002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.0 M
Jun 2008 – Aug 2018
Value, last 12 filed months
$75 k
at the published price for each month
Months reported
123
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 56 leases and 56 wells, and the rule below applies to all of them.

Discovered
1971-02-13
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 1999-09-14.

The Commission's schedule remark for this field reads: TO FILE MOST CURRENT TEST OR TEST FILED ON PREVIOUS SURVEY.

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 Gas112011-07-14202474
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
CondensateDisposition16,139 bbl$1,243,209
GasProduction822,753 Mcf$3,802,404
Total$5,045,613

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 26.4052, -98.4423. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.40525, -98.44226 · 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
12,600 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 12,600 ft.

Completions filed
Aug 2018
1 of 1 wells

1 well

42-215338034212,600 ftAug 2018Yes

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 (123)

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

123 months

Aug 20180059.403.07$0
Jul 2018241665.142.93$1,350
Jun 2018840260.183.08$1,718
May 2018643365.382.90$1,648
Apr 201817943963.842.90$12,701
Mar 2018673561.222.79$2,416
Feb 201861,36361.782.77$4,141
Jan 201871,88562.874.01$7,998
Dec 20171931,83657.272.92$16,417
Nov 201712,43755.423.12$7,655
Oct 201702,43849.292.98$7,274
Sep 2017952,40347.523.09$11,933
Aug 2017652,64645.373.00$10,899
Jul 201712,75543.873.09$8,549
Jun 201702,73142.493.09$8,431
May 20171862,98345.373.26$18,174
Apr 201712,83347.933.21$9,146
Mar 201723,06946.772.98$9,250
Feb 20171942,84850.452.95$18,196
Jan 201743,06549.413.42$10,676
Dec 201633,05048.763.72$11,501
Nov 20161852,88142.492.64$15,479
Oct 201622,99046.193.09$9,332
Sep 20161172,96241.553.10$14,045
Aug 201643,18541.442.92$9,480
Jul 201643,03441.622.92$9,039
Jun 2016953,09045.352.69$12,607
May 201613,32842.521.99$6,669
Apr 20161813,22836.561.99$13,044
Mar 201623,47533.011.79$6,300
Feb 20161772,98826.472.06$10,851
Jan 20161813,34127.352.36$12,850
Dec 201513,83632.362.00$7,710
Nov 2015803,38838.792.17$10,446
Oct 201513,71843.552.43$9,066
Sep 20151694,90242.992.76$20,787
Aug 20151764,98340.162.87$21,382
Jul 201503,81548.152.95$11,235
Jun 201523,17256.152.88$9,257
May 20151903,84155.212.96$21,842
Apr 20151954,86549.822.71$22,882
Mar 20151834,19642.892.93$20,163
Feb 201553,72644.662.98$11,313
Jan 20151964,87343.433.10$23,622
Dec 201415,17954.693.59$18,654
Nov 201424,99870.464.25$21,392
Oct 20141835,37578.303.90$35,297
Sep 201425,28986.164.05$21,569
Aug 20141845,39189.394.04$38,201
Jul 201435,38196.564.18$22,780
Jun 20141915,39598.164.74$44,304
May 201425,61594.734.73$26,729
Apr 20141915,21095.944.81$43,380
Mar 201434,87395.895.06$24,929
Feb 20141993,85097.406.19$43,222
Jan 201414,73890.404.86$23,120
Dec 20131823,83391.824.35$33,402
Nov 201314,28188.853.74$16,092
Oct 20131904,91197.423.78$37,070
Sep 201335,809104.113.72$21,909
Aug 2013515,834104.253.52$25,868
Jul 20131945,742102.523.72$41,236
Jun 201325,86794.403.93$23,266
May 20131935,64294.834.15$41,711
Apr 20131865,46493.964.28$40,877
Mar 201305,50093.623.91$21,521
Feb 20131635,43991.233.42$33,471
Jan 2013155,30491.603.42$19,513
Dec 20122015,96986.773.42$37,856
Nov 201245,71886.953.62$21,075
Oct 20121856,05489.383.40$37,117
Sep 20121976,04194.672.92$36,280
Aug 201206,52092.662.91$18,961
Jul 20121936,60985.133.02$36,395
Jun 20121936,57979.822.52$31,978
May 201226,99191.612.49$17,579
Apr 20121806,921101.652.00$32,117
Mar 20122027,229105.052.22$37,284
Feb 201256,779101.102.57$17,929
Jan 20121916,97598.092.73$37,805
Dec 20111886,52696.873.24$39,354
Nov 2011116,38995.723.31$22,209
Oct 20111977,05384.983.65$42,474
Sep 20111866,37783.623.99$40,971
Aug 201157,45683.404.15$31,354
Jul 20111907,68394.144.52$52,593
Jun 20111928,19992.904.64$55,879
May 20111998,83598.134.40$58,444
Apr 20112078,705105.964.33$59,655
Mar 20111978,75296.364.06$54,493
Feb 2011107,81985.644.18$33,540
Jan 20113848,59886.504.59$72,670
Dec 20102128,36585.734.35$54,544
Nov 2010118,37580.843.80$32,675
Oct 20103978,74378.103.51$61,684
Sep 201068,66372.633.98$34,910
Aug 20102038,80173.684.42$53,852
Jul 20101979,11272.554.74$57,451
Jun 20101839,02670.364.91$57,197
May 20101959,46871.124.24$53,967
Apr 20104039,29281.694.12$71,229
Mar 2010119,92378.394.39$44,411
Feb 20102068,90473.585.44$63,616
Jan 2010129,79874.365.96$59,328
Dec 20092159,88071.445.48$69,539
Nov 200920010,18474.593.75$53,123
Oct 200920211,02572.544.11$59,969
Sep 200920110,52565.543.06$45,430
Aug 200920211,34867.423.22$50,142
Jul 200918712,04361.133.46$53,154
Jun 200919512,45866.163.90$61,425
May 20091012,33554.743.93$48,972
Apr 200937912,96446.773.59$64,234
Mar 200919313,93042.144.06$64,675
Feb 200939013,33132.814.63$74,558
Jan 200924415,36835.865.37$91,291
Dec 200819818,42837.105.98$117,493
Nov 200839619,23655.496.86$153,940
Oct 200819922,29175.246.92$169,271
Sep 200836421,911101.767.88$209,636
Aug 200857630,153114.228.48$321,579
Jul 200898529,630131.0811.39$466,583
Jun 200806,962131.3313.03$90,733

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.

Jul 2018 — as filed, then multipliedworked
Condensate             2 bbl  × $ 65.14 =       $130
Gas                  416 Mcf  × $  2.93 =     $1,220

────────────────────────────────────────────────────
Month total                                   $1,350

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/241744 is the state's own key, not one this site invented.