BASSETT, WILLIAM P. GAS UNIT

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

Gas lease lease 128787District 06Field 66461275NGPA filingCondensateGasSaveExport
Value, all time
$2.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
401
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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
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
CondensateDisposition1,855 bbl$54,520
GasProduction788,505 Mcf$2,281,379
Total$2,335,898

284,395 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.2397, -94.8009. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23967, -94.80092 · 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
10,900 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 10,900 ft.

Completions filed
Sep 1988
1 of 1 wells

1 well

42-40132198210,900 ftSep 1988

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 (401)

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

401 months

May 2026098106.413.05$298
Apr 2026137198.932.87$1,490
Mar 202607589.753.15$236
Feb 2026011063.503.75$413
Jan 202605159.138.00$408
Dec 2025716056.664.41$1,103
Nov 202504558.593.93$177
Oct 2025010959.383.30$360
Sep 202507162.743.08$218
Aug 202569363.933.01$664
Jul 202509366.743.32$308
Jun 2025010466.483.13$325
May 202507360.553.23$236
Apr 2025710862.363.54$819
Mar 202509267.704.27$393
Feb 2025013970.884.34$603
Jan 2025015774.324.28$672
Dec 2024614468.993.12$863
Nov 2024017569.052.20$385
Oct 2024017371.372.28$395
Sep 2024017969.612.36$423
Aug 20243075.632.06$227
Jul 20240079.932.15$0
Jun 202429078.082.63$393
May 2024015578.812.20$341
Apr 202408584.451.66$141
Mar 20240080.301.55$0
Feb 20246076.091.78$457
Jan 202404873.023.30$158
Dec 2023033671.262.61$877
Nov 2023019677.892.81$550
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20231074.852.64$75
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20237072.852.39$510
Feb 202304375.112.47$106
Jan 2023017176.533.39$579
Dec 2022010476.415.73$596
Nov 202212985.005.65$1,071
Oct 2022053987.185.86$3,161
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 2022180101.587.54$1,828
Jun 20220120115.097.98$957
May 20220104109.378.43$877
Apr 20220125104.226.84$855
Mar 20220467108.885.08$2,371
Feb 20220091.054.86$0
Jan 20220181.844.54$5
Dec 20210071.323.90$0
Nov 20213077.435.24$232
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 202113066.024.22$858
Jul 202108570.783.98$338
Jun 2021010769.493.38$362
May 202107263.483.02$217
Apr 202109360.362.76$257
Mar 202106661.302.72$179
Feb 2021825257.805.55$1,860
Jan 20210050.412.81$0
Dec 2020013744.642.68$367
Nov 202008538.772.71$230
Oct 202006636.972.48$164
Sep 20201210437.091.99$652
Aug 2020010639.982.39$253
Jul 2020011238.371.83$204
Jun 2020010634.901.69$179
May 20201611216.921.81$474
Apr 2020013514.751.80$244
Mar 20201777930.341.86$1,962
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 201917859.012.30$1,022
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 201905353.112.30$122
Jul 2019034256.272.46$841
Jun 20192558352.782.49$2,772
May 20192327658.482.74$2,101
Apr 2019023062.632.75$633
Mar 2019019056.803.06$582
Feb 2019013950.852.79$388
Jan 2019019346.033.23$623
Dec 20184821046.594.19$3,115
Nov 2018016852.934.24$712
Oct 2018318261.443.40$803
Sep 2018019359.543.11$600
Aug 201801,92059.403.07$5,888
Jul 201807065.142.93$205
Jun 20182142560.183.08$2,571
May 2018047265.382.90$1,369
Apr 2018023863.842.90$690
Mar 20181230961.222.79$1,596
Feb 2018016961.782.77$467
Jan 2018016862.874.01$674
Dec 20171017457.272.92$1,081
Nov 2017016055.423.12$499
Oct 2017017049.292.98$507
Sep 2017641047.523.09$1,551
Aug 2017017045.373.00$511
Jul 2017024543.873.09$756
Jun 2017025642.493.09$790
May 2017617745.373.26$850
Apr 2017023247.933.21$745
Mar 2017018946.772.98$564
Feb 2017618950.452.95$861
Jan 2017020449.413.42$697
Dec 2016019148.763.72$711
Nov 2016617942.492.64$728
Oct 2016025746.193.09$794
Sep 2016030341.553.10$939
Aug 2016521441.442.92$833
Jul 2016028341.622.92$828
Jun 2016020345.352.69$545
May 2016319242.521.99$510
Apr 2016023636.561.99$470
Mar 2016024133.011.79$432
Feb 2016026426.472.06$545
Jan 2016029227.352.36$690
Dec 2015028932.362.00$578
Nov 2015023138.792.17$501
Oct 2015022143.552.43$536
Sep 2015022142.992.76$610
Aug 2015024140.162.87$692
Jul 2015022348.152.95$657
Jun 2015025556.152.88$735
May 2015032955.212.96$972
Apr 2015019949.822.71$539
Mar 2015021642.892.93$634
Feb 2015022044.662.98$655
Jan 2015025743.433.10$797
Dec 20140154.693.59$4
Nov 201401570.464.25$64
Oct 201407678.303.90$296
Sep 201401186.164.05$45
Aug 2014013789.394.04$553
Jul 2014017396.564.18$723
Jun 2014019098.164.74$900
May 2014024794.734.73$1,167
Apr 2014022295.944.81$1,068
Mar 2014024795.895.06$1,249
Feb 2014023997.406.19$1,480
Jan 2014027890.404.86$1,351
Dec 2013028391.824.35$1,232
Nov 2013032888.853.74$1,226
Oct 2013045197.423.78$1,704
Sep 20130171104.113.72$636
Aug 20130629104.253.52$2,216
Jul 2013053102.523.72$197
Jun 2013029594.403.93$1,160
May 2013022094.834.15$913
Apr 2013042493.964.28$1,816
Mar 2013018493.623.91$720
Feb 2013026691.233.42$910
Jan 2013035791.603.42$1,221
Dec 2012039086.773.42$1,334
Nov 2012022186.953.62$801
Oct 2012032689.383.40$1,108
Sep 2012038494.672.92$1,121
Aug 2012090992.662.91$2,644
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 20120118101.652.00$236
Mar 20120377105.052.22$838
Feb 20120346101.102.57$889
Jan 2012020698.092.73$563
Dec 2011036996.873.24$1,195
Nov 2011041195.723.31$1,361
Oct 2011037284.983.65$1,357
Sep 2011039483.623.99$1,570
Aug 2011033883.404.15$1,402
Jul 2011051294.144.52$2,313
Jun 2011043392.904.64$2,009
May 2011051898.134.40$2,282
Apr 20110444105.964.33$1,924
Mar 2011057296.364.06$2,321
Feb 2011047285.644.18$1,973
Jan 2011058186.504.59$2,666
Dec 2010076385.734.35$3,317
Nov 2010055380.843.80$2,099
Oct 2010085578.103.51$3,000
Sep 201001,26572.633.98$5,034
Aug 2010066673.684.42$2,943
Jul 2010066972.554.74$3,169
Jun 2010066070.364.91$3,241
May 201001,26771.124.24$5,366
Apr 201001,12781.694.12$4,646
Mar 2010058178.394.39$2,550
Feb 2010062573.585.44$3,401
Jan 2010083474.365.96$4,974
Dec 2009055171.445.48$3,022
Nov 2009075674.593.75$2,836
Oct 200901,03272.544.11$4,242
Sep 200901,16265.543.06$3,561
Aug 2009091967.423.22$2,958
Jul 2009089961.133.46$3,115
Jun 200901,30566.163.90$5,083
May 200901,86054.743.93$7,302
Apr 200901,99946.773.59$7,171
Mar 200902,01442.144.06$8,175
Feb 200901,48232.814.63$6,866
Jan 200901,18535.865.37$6,365
Dec 200801,58637.105.98$9,480
Nov 200801,95955.496.86$13,439
Oct 200802,37975.246.92$16,467
Sep 200802,339101.767.88$18,425
Aug 200802,347114.228.48$19,910
Jul 200801,340131.0811.39$15,262
Jun 200801,049131.3313.03$13,671
May 200802,094123.1711.57$24,237
Apr 200801,782110.3110.45$18,631
Mar 200801,498101.909.66$14,477
Feb 200801,84092.538.77$16,138
Jan 200801,73990.388.21$14,270
Dec 200701,49288.337.30$10,895
Nov 200701,94691.677.29$14,190
Oct 200701,97082.856.92$13,636
Sep 200702,18575.846.24$13,643
Aug 200712,75069.066.39$17,636
Jul 200712,78270.906.39$17,842
Jun 200762,49562.007.55$19,205
May 200702,72158.747.85$21,350
Apr 200751,86559.617.81$14,855
Mar 200702,12256.927.30$15,495
Feb 200741,87155.108.22$15,593
Jan 200741,78850.306.73$12,229
Dec 200641,94256.656.92$13,662
Nov 200602,30554.207.62$17,558
Oct 200602,38454.906.01$14,337
Sep 200682,32760.085.04$12,202
Aug 200652,45068.717.34$18,326
Jul 200652,46769.376.34$15,994
Jun 200671,98666.286.38$13,142
May 200602,34466.016.42$15,060
Apr 200642,52864.397.36$18,865
Mar 200652,14556.707.08$15,476
Feb 200672,11157.597.75$16,766
Jan 2006102,59260.598.93$23,761
Dec 200562,79354.9413.42$37,799
Nov 200542,68554.6910.59$28,649
Oct 200541,72058.3413.80$23,962
Sep 200542,08261.4512.08$25,394
Aug 200552,53861.519.80$25,172
Jul 2005102,70555.697.84$21,774
Jun 200552,63452.337.38$19,703
May 200592,85445.226.65$19,389
Apr 200562,63349.207.36$19,675
Mar 200502,42450.377.15$17,343
Feb 200502,00045.226.31$12,624
Jan 200502,63743.166.32$16,672
Dec 200403,20939.866.75$21,664
Nov 200403,19045.286.33$20,194
Oct 200404,00149.706.52$26,067
Sep 200401,16543.245.28$6,156
Aug 200401,16542.375.55$6,467
Jul 200401,35338.286.08$8,232
Jun 200411,51936.106.43$9,808
May 200411,50137.486.49$9,786
Apr 200421,54934.475.86$9,144
Mar 200411,79734.365.53$9,972
Feb 200421,88332.455.51$10,440
Jan 200432,07232.036.30$13,149
Dec 200333,08230.266.30$19,512
Nov 200333,14728.804.60$14,547
Oct 200302,90428.174.76$13,822
Sep 200332,83626.314.75$13,548
Aug 200313,03729.765.13$15,609
Jul 200312,97929.415.17$15,433
Jun 200332,84228.565.98$17,089
May 200322,82326.595.97$16,914
Apr 2003253,01326.675.41$16,959
Mar 2003123,44531.146.10$21,375
Feb 2003203,36933.487.93$27,372
Jan 2003192,90930.315.58$16,814
Dec 2002193,08026.914.85$15,461
Nov 2002223,03524.664.14$13,098
Oct 2002202,68626.464.23$11,889
Sep 2002124,71027.443.64$17,451
Aug 2002283,48425.963.16$11,751
Jul 2002132,99124.583.06$9,477
Jun 2002263,24423.733.34$11,446
May 2002303,52224.663.58$13,363
Apr 200293,04423.653.51$10,904
Mar 200223,44422.003.10$10,730
Feb 200212,90018.222.38$6,908
Jan 200213,33117.172.38$7,931
Dec 200113,41316.932.36$8,087
Nov 200113,37218.072.41$8,129
Oct 200113,68619.782.53$9,341
Sep 200113,07124.262.25$6,938
Aug 200113,36124.873.05$10,287
Jul 200103,26223.933.20$10,429
Jun 200103,16024.563.82$12,084
May 200103,41225.524.31$14,697
Apr 200103,32724.685.34$17,751
Mar 200103,41124.545.38$18,339
Feb 200103,15627.755.77$18,201
Jan 200103,47227.478.40$29,160
Dec 200003,61226.889.12$32,950
Nov 200003,63532.215.66$20,567
Oct 200003,46031.235.15$17,803
Sep 200003,92531.875.19$20,357
Aug 200004,02029.644.54$18,254
Jul 200004,08728.534.09$16,715
Jun 200044,13529.304.40$18,300
May 2000164,73827.263.68$17,871
Apr 2000113,54024.513.12$11,300
Mar 2000144,24128.422.86$12,526
Feb 2000314,14327.622.73$12,152
Jan 2000243,49625.272.48$9,278
Dec 1999253,18124.282.42$8,317
Nov 1999173,06623.192.43$7,857
Oct 1999172,92620.982.80$8,560
Sep 1999143,10121.752.62$8,426
Aug 1999213,75719.262.88$11,208
Jul 199983,84317.892.37$9,260
Jun 1999363,43815.942.36$8,695
May 1999123,94915.792.32$9,355
Apr 199983,51315.102.21$7,878
Mar 1999123,61812.471.84$6,801
Feb 199983,6479.981.82$6,709
Jan 1999113,48210.381.90$6,730
Dec 1998102,7769.201.77$5,015
Nov 199863,06410.892.19$6,762
Oct 199874,43512.421.97$8,820
Sep 199894,87412.592.08$10,264
Aug 199874,24011.301.91$8,166
Jul 199884,70211.742.24$10,614
Jun 1998114,59311.242.24$10,399
May 1998314,78812.622.21$10,955
Apr 1998174,71313.042.51$12,029
Mar 1998155,22212.802.31$12,252
Feb 199864,50613.952.30$10,444
Jan 199864,69814.702.15$10,211
Dec 199765,05416.322.41$12,284
Nov 199765,24718.193.09$16,313
Oct 1997105,30219.253.15$16,893
Sep 199704,14817.742.95$12,257
Aug 199734,90017.862.55$12,572
Jul 199735,67617.582.25$12,806
Jun 199765,39117.242.26$12,272
May 199734,87318.972.31$11,306
Apr 199735,98117.882.08$12,511
Mar 199734,33718.951.94$8,467
Feb 1997735420.492.21$924
Jan 199794,67423.483.54$16,756
Dec 199695,19823.32$210
Nov 199645,28121.97$88
Oct 1996105,10323.31$233
Sep 199644,49822.22$89
Aug 199635,66820.26$61
Jul 199664,72019.55$117
Jun 199625,17418.73$37
May 199636,07419.43$58
Apr 199615,39421.51$22
Mar 199634,93119.38$58
Feb 199645,18016.98$68
Jan 199695,59117.07$154
Dec 199595,69217.19$155
Nov 199596,15616.00$144
Oct 199547,45115.43$62
Sep 199593,75616.18$146
Aug 199573,91915.92$111
Jul 1995143,95515.24$213
Jun 1995132,89016.41$213
May 1995216,24817.56$369
Apr 199515,89717.73$18
Mar 199516,62416.44$16
Feb 199535,90216.58$50
Jan 1995157,01615.92$239
Dec 1994137,43115.03$195
Nov 1994267,27615.90$413
Oct 1994148,26315.58$218
Sep 1994267,97615.29$398
Aug 1994208,73416.13$323
Jul 199458,99117.56$88
Jun 19941411,68317.09$239
May 199422,20615.88$32
Apr 199432,50614.14$42
Mar 199424,33112.46$25
Feb 199424,48912.50$25
Jan 199464,96012.66$76
Dec 1993102,47012.33$123
Nov 1993127,04214.49$174
Oct 199392,33815.85$143
Sep 1993136,93415.03$195
Aug 1993208,50215.66$313
Jul 1993176,81215.46$263
Jun 1993396,88316.79$655
May 1993427,33417.68$743
Apr 1993627,73418.05$1,119
Mar 1993526,53718.14$943
Feb 1993136,34817.90$233
Jan 1993218,29716.93$356

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                   98 Mcf  × $  3.05 =       $298

────────────────────────────────────────────────────
Month total                                     $298

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. 06/G/128787 is the state's own key, not one this site invented.