ARMSTRONG, IONA FAYE 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 129273District 06Field 66461275NGPA filingCondensateGasSaveExport
Value, all time
$6.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$84 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
CondensateDisposition7,021 bbl$216,650
GasProduction2,385,240 Mcf$6,269,791
Total$6,486,441

865,404 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 32.2456, -94.8421. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.24560, -94.84213 · 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
10,850 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 10,850 ft.

Completions filed
Nov 1988
1 of 1 wells

1 well

42-40132222210,850 ftNov 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 202601,472106.413.05$4,483
Apr 2026261,76298.932.87$7,629
Mar 202601,83589.753.15$5,779
Feb 202601,49163.503.75$5,592
Jan 202601,85459.138.00$14,828
Dec 2025181,91356.664.41$9,463
Nov 202501,71958.593.93$6,750
Oct 202501,76859.383.30$5,843
Sep 202501,69462.743.08$5,212
Aug 2025161,88863.933.01$6,715
Jul 202501,83566.743.32$6,083
Jun 202501,86466.483.13$5,832
May 202501,83260.553.23$5,922
Apr 2025171,95662.363.54$7,990
Mar 202502,05967.704.27$8,788
Feb 202501,78870.884.34$7,761
Jan 202502,00474.324.28$8,574
Dec 2024132,03668.993.12$7,252
Nov 202401,95869.052.20$4,305
Oct 202401,96371.372.28$4,478
Sep 202401,86169.612.36$4,400
Aug 2024121,94475.632.06$4,919
Jul 202402,02479.932.15$4,345
Jun 2024121,62378.082.63$5,212
May 202402,09278.812.20$4,599
Apr 202402,00684.451.66$3,328
Mar 202402,24980.301.55$3,475
Feb 2024112,03776.091.78$4,470
Jan 202402,07673.023.30$6,846
Dec 202302,27771.262.61$5,945
Nov 2023132,13577.892.81$7,007
Oct 202302,14785.443.09$6,628
Sep 202302,24889.042.74$6,148
Aug 202302,31980.522.67$6,198
Jul 2023202,27974.852.64$7,518
Jun 202302,24668.962.26$5,073
May 202302,23970.622.23$4,987
Apr 202302,10978.122.24$4,719
Mar 2023222,30272.852.39$7,112
Feb 202302,17075.112.47$5,351
Jan 202302,38976.533.39$8,093
Dec 202202,50376.415.73$14,340
Nov 2022182,26585.005.65$14,319
Oct 202202,57887.185.86$15,117
Sep 202201,56584.888.16$12,776
Aug 202202,36194.529.13$21,549
Jul 2022361,856101.587.54$17,655
Jun 202201,967115.097.98$15,691
May 202202,398109.378.43$20,222
Apr 202202,329104.226.84$15,925
Mar 2022442,438108.885.08$17,167
Feb 202201,67691.054.86$8,143
Jan 202202,50181.844.54$11,349
Dec 202102,62071.323.90$10,216
Nov 2021482,64677.435.24$17,573
Oct 202102,60079.795.71$14,856
Sep 202102,35169.865.35$12,580
Aug 2021432,64366.024.22$13,994
Jul 202102,72470.783.98$10,847
Jun 202102,87969.493.38$9,733
May 202102,56363.483.02$7,734
Apr 202102,37160.362.76$6,540
Mar 202102,49461.302.72$6,776
Feb 2021351,51157.805.55$10,406
Jan 202102,39850.412.81$6,739
Dec 202002,50344.642.68$6,697
Nov 202002,47938.772.71$6,710
Oct 202002,49836.972.48$6,191
Sep 2020322,45437.091.99$6,073
Aug 202002,40339.982.39$5,731
Jul 202002,13138.371.83$3,889
Jun 202001,98134.901.69$3,349
May 2020321,93016.921.81$4,044
Apr 202001,96114.751.80$3,538
Mar 2020361,97630.341.86$4,760
Feb 202001,87249.881.98$3,708
Jan 202002,67557.252.09$5,603
Dec 2019351,13759.012.30$4,685
Nov 201901,56955.302.75$4,316
Oct 201902,09853.472.42$5,074
Sep 201902,08355.052.66$5,535
Aug 201902,46753.112.30$5,685
Jul 201902,84656.272.46$7,001
Jun 2019343,08052.782.49$9,467
May 2019353,63258.482.74$12,000
Apr 201903,45062.632.75$9,490
Mar 201902,36356.803.06$7,236
Feb 201901,62550.852.79$4,537
Jan 201902,03346.033.23$6,563
Dec 2018222,04846.594.19$9,597
Nov 201801,66952.934.24$7,072
Oct 201811,73961.443.40$5,971
Sep 201801,53559.543.11$4,771
Aug 201801,78359.403.07$5,468
Jul 201802,07265.142.93$6,075
Jun 2018192,76260.183.08$9,642
May 201802,21965.382.90$6,437
Apr 201802,27963.842.90$6,611
Mar 2018242,31761.222.79$7,926
Feb 201802,34461.782.77$6,484
Jan 201802,40262.874.01$9,630
Dec 2017232,99957.272.92$10,079
Nov 201702,61155.423.12$8,142
Oct 201702,81349.292.98$8,393
Sep 2017162,77047.523.09$9,312
Aug 201702,31945.373.00$6,967
Jul 201703,27643.873.09$10,114
Jun 201703,29742.493.09$10,179
May 2017163,34045.373.26$11,626
Apr 201703,22547.933.21$10,357
Mar 201703,66846.772.98$10,944
Feb 2017153,38050.452.95$10,737
Jan 201703,69449.413.42$12,629
Dec 201603,94448.763.72$14,683
Nov 2016163,64042.492.64$10,305
Oct 201603,79746.193.09$11,734
Sep 201603,59441.553.10$11,144
Aug 2016143,75641.442.92$11,564
Jul 201603,53041.622.92$10,323
Jun 201603,77245.352.69$10,131
May 2016214,00642.521.99$8,869
Apr 201604,01636.561.99$7,996
Mar 2016293,87233.011.79$7,904
Feb 201603,67726.472.06$7,588
Jan 2016282,93327.352.36$7,700
Dec 201503,39532.362.00$6,795
Nov 201502,38738.792.17$5,173
Oct 2015291,14143.552.43$4,032
Sep 201501,96442.992.76$5,418
Aug 201502,01440.162.87$5,785
Jul 2015291,96648.152.95$7,186
Jun 201502,43856.152.88$7,028
May 201502,55055.212.96$7,536
Apr 2015262,36149.822.71$7,686
Mar 201502,33542.892.93$6,853
Feb 2015142,22744.662.98$7,253
Jan 2015262,06943.433.10$7,544
Dec 201401,85454.693.59$6,658
Nov 2014102,98070.464.25$13,375
Oct 2014284,32578.303.90$19,064
Sep 201404,20186.164.05$16,995
Aug 201404,59189.394.04$18,525
Jul 2014273,74696.564.18$18,264
Jun 201402,40398.164.74$11,383
May 201402,27894.734.73$10,767
Apr 2014262,37595.944.81$13,916
Mar 201401,79795.895.06$9,087
Feb 2014241,56997.406.19$12,053
Jan 2014241,89190.404.86$11,361
Dec 201302,14491.824.35$9,336
Nov 201302,24088.853.74$8,374
Oct 201301,84397.423.78$6,965
Sep 201322914104.113.72$5,688
Aug 201302,138104.253.52$7,531
Jul 201302,327102.523.72$8,651
Jun 2013232,81494.403.93$13,240
May 201302,47494.834.15$10,265
Apr 201302,53893.964.28$10,869
Mar 2013151,26993.623.91$6,370
Feb 201301,96891.233.42$6,730
Jan 201302,96391.603.42$10,133
Dec 201201,70386.773.42$5,825
Nov 2012151,74086.953.62$7,612
Oct 201201,68689.383.40$5,732
Sep 2012142,01194.672.92$7,194
Aug 201202,58992.662.91$7,529
Jul 201202,26785.133.02$6,848
Jun 20120079.822.52$0
May 201281,35991.612.49$4,115
Apr 201202,223101.652.00$4,439
Mar 201202,287105.052.22$5,082
Feb 201202,660101.102.57$6,837
Jan 201202,76398.092.73$7,554
Dec 201103,05896.873.24$9,907
Nov 201103,12095.723.31$10,331
Oct 201103,37384.983.65$12,307
Sep 201103,25683.623.99$12,978
Aug 201103,48583.404.15$14,460
Jul 201103,65094.144.52$16,488
Jun 201104,00492.904.64$18,578
May 201102,84398.134.40$12,523
Apr 201103,706105.964.33$16,059
Mar 201103,99396.364.06$16,201
Feb 201103,39585.644.18$14,191
Jan 201104,15286.504.59$19,053
Dec 201003,92785.734.35$17,074
Nov 201003,18080.843.80$12,069
Oct 201004,68478.103.51$16,436
Sep 201002,43572.633.98$9,690
Aug 201002,28973.684.42$10,116
Jul 201002,13272.554.74$10,098
Jun 201002,11170.364.91$10,366
May 201002,20571.124.24$9,339
Apr 201002,65381.694.12$10,938
Mar 201003,32678.394.39$14,597
Feb 201002,26873.585.44$12,343
Jan 201002,88274.365.96$17,189
Dec 200903,20171.445.48$17,553
Nov 200903,87474.593.75$14,533
Oct 200904,03672.544.11$16,589
Sep 200902,77165.543.06$8,492
Aug 200902,16467.423.22$6,965
Jul 200902,12561.133.46$7,362
Jun 200902,37566.163.90$9,251
May 200902,01754.743.93$7,918
Apr 200901,13746.773.59$4,079
Mar 200903,33342.144.06$13,529
Feb 200902,59832.814.63$12,037
Jan 200903,32135.865.37$17,837
Dec 200804,73337.105.98$28,290
Nov 200803,20555.496.86$21,987
Oct 200803,35275.246.92$23,202
Sep 200803,183101.767.88$25,073
Aug 200803,028114.228.48$25,687
Jul 200803,196131.0811.39$36,401
Jun 200802,969131.3313.03$38,694
May 200803,250123.1711.57$37,616
Apr 200833,558110.3110.45$37,529
Mar 200812,244101.909.66$21,788
Feb 2008112,89692.538.77$26,417
Jan 2008113,38190.388.21$28,738
Dec 2007103,45788.337.30$26,126
Nov 2007573,15491.677.29$28,223
Oct 2007153,26982.856.92$23,871
Sep 200703,33375.846.24$20,812
Aug 2007223,31669.066.39$22,702
Jul 200741,14670.906.39$7,604
Jun 2007194,68262.007.55$36,520
May 200713,88258.747.85$30,518
Apr 2007213,42359.617.81$27,969
Mar 200724,78956.927.30$35,083
Feb 2007174,49655.108.22$37,876
Jan 2007215,31550.306.73$36,810
Dec 2006165,72056.656.92$40,480
Nov 200614,12954.207.62$31,507
Oct 200615,03054.906.01$30,304
Sep 2006324,74160.085.04$25,804
Aug 2006184,99168.717.34$37,870
Jul 2006174,93369.376.34$32,468
Jun 2006174,92166.286.38$32,542
May 200614,76466.016.42$30,675
Apr 2006144,79264.397.36$36,173
Mar 2006155,31256.707.08$38,475
Feb 2006144,72457.597.75$37,423
Jan 2006244,67060.598.93$43,173
Dec 2005174,92954.9413.42$67,058
Nov 2005145,95454.6910.59$63,809
Oct 2005125,23458.3413.80$72,907
Sep 2005124,94961.4512.08$60,516
Aug 2005115,55661.519.80$55,108
Jul 2005254,88455.697.84$39,701
Jun 2005145,54752.337.38$41,675
May 2005205,79545.226.65$39,448
Apr 2005194,86849.207.36$36,766
Mar 2005125,28850.377.15$38,439
Feb 2005264,48445.226.31$29,478
Jan 2005254,62943.166.32$30,344
Dec 2004234,94239.866.75$34,281
Nov 2004124,78545.286.33$30,834
Oct 2004225,05149.706.52$34,001
Sep 2004284,86643.245.28$26,922
Aug 2004315,26142.375.55$30,515
Jul 2004285,91538.286.08$37,060
Jun 2004415,38936.106.43$36,148
May 2004275,60037.486.49$37,382
Apr 2004545,17434.475.86$32,173
Mar 2004315,51134.365.53$31,542
Feb 2004215,55032.455.51$31,260
Jan 2004215,87432.036.30$37,677
Dec 2003225,80130.266.30$37,222
Nov 2003225,91428.804.60$27,809
Oct 200306,68928.174.76$31,837
Sep 2003225,19726.314.75$25,261
Aug 2003135,54729.765.13$28,841
Jul 2003156,80029.415.17$35,603
Jun 2003257,07628.565.98$43,049
May 2003116,84126.595.97$41,152
Apr 2003186,48826.675.41$35,562
Mar 200396,07131.146.10$37,289
Feb 2003166,06833.487.93$48,630
Jan 2003155,47130.315.58$30,994
Dec 2002196,11826.914.85$30,207
Nov 2002197,46724.664.14$31,359
Oct 2002185,79726.464.23$24,992
Sep 20021010,50427.443.64$38,459
Aug 2002257,00125.963.16$22,801
Jul 2002107,28424.583.06$22,548
Jun 2002226,67223.733.34$22,795
May 2002267,25824.663.58$26,654
Apr 200286,95923.653.51$24,631
Mar 200287,09222.003.10$22,180
Feb 200256,24018.222.38$14,915
Jan 200277,13917.172.38$17,080
Dec 200177,01716.932.36$16,710
Nov 200166,77118.072.41$16,396
Oct 200166,96019.782.53$17,720
Sep 200166,87224.262.25$15,617
Aug 200166,98424.873.05$21,472
Jul 2001107,19523.933.20$23,242
Jun 2001127,17024.563.82$27,714
May 2001148,28325.524.31$36,035
Apr 2001109,39524.685.34$50,372
Mar 2001117,46424.545.38$40,400
Feb 2001115,07227.755.77$29,556
Jan 200106,82627.478.40$57,330
Dec 200058,10226.889.12$74,045
Nov 2000118,81032.215.66$50,201
Oct 2000127,20731.235.15$37,458
Sep 200078,13031.875.19$42,389
Aug 2000138,45629.644.54$38,782
Jul 2000128,20728.534.09$33,907
Jun 2000138,03929.304.40$35,730
May 20002810,41627.263.68$39,092
Apr 2000197,61724.513.12$24,200
Mar 2000259,35628.422.86$27,466
Feb 2000618,44927.622.73$24,721
Jan 2000539,04225.272.48$23,768
Dec 1999588,91324.282.42$23,011
Nov 1999438,48823.192.43$21,657
Oct 1999449,36320.982.80$27,174
Sep 1999289,39321.752.62$25,208
Aug 1999449,26619.262.88$27,493
Jul 1999189,94917.892.37$23,925
Jun 1999789,30015.942.36$23,211
May 1999419,98415.792.32$23,820
Apr 1999409,18515.102.21$20,885
Mar 1999599,87612.471.84$18,891
Feb 1999429,2249.981.82$17,186
Jan 19995610,29310.381.90$20,137
Dec 1998539,0149.201.77$16,472
Nov 1998279,59510.892.19$21,266
Oct 19982610,28812.421.97$20,582
Sep 19984810,41312.592.08$22,291
Aug 19983713,14511.301.91$25,490
Jul 1998329,08011.742.24$20,690
Jun 1998468,92111.242.24$20,476
May 19989010,35812.622.21$23,989
Apr 1998439,95013.042.51$25,489
Mar 19984610,65312.802.31$25,191
Feb 19982610,22913.952.30$23,881
Jan 19982611,98814.702.15$26,214
Dec 19972511,69516.322.41$28,606
Nov 19972811,23818.193.09$35,215
Oct 19975411,87419.253.15$38,440
Sep 1997012,36717.742.95$36,543
Aug 19972212,55717.862.55$32,473
Jul 19972211,89817.582.25$27,121
Jun 19974412,28917.242.26$28,497
May 19972510,82318.972.31$25,459
Apr 19972913,84617.882.08$29,357
Mar 19972516,77418.951.94$33,001
Feb 19975110,25120.492.21$23,658
Jan 19972813,10323.483.54$47,038
Dec 19965213,66823.32$1,213
Nov 19962712,90221.97$593
Oct 19967013,98223.31$1,632
Sep 19962613,92922.22$578
Aug 19962614,16020.26$527
Jul 19963314,56419.55$645
Jun 19962613,55018.73$487
May 19964814,84819.43$933
Apr 19963114,96521.51$667
Mar 19965914,99319.38$1,143
Feb 19966215,08216.98$1,053
Jan 19965216,45317.07$888
Dec 19954916,03217.19$842
Nov 19955016,58516.00$800
Oct 19952618,38515.43$401
Sep 19955017,89016.18$809
Aug 19954417,72315.92$700
Jul 19951515,43815.24$229
Jun 1995818,40116.41$131
May 19951318,75117.56$228
Apr 1995120,57317.73$18
Mar 1995122,63816.44$16
Feb 1995222,97916.58$33
Jan 1995628,26515.92$96
Dec 19941628,48515.03$240
Nov 1994679,74715.90$1,065
Oct 1994349,84615.58$530
Sep 19946310,44215.29$963
Aug 19946812,07716.13$1,097
Jul 19944213,84417.56$738
Jun 19948814,35717.09$1,504
May 19949117,00415.88$1,445
Apr 19949717,05014.14$1,372
Mar 19944918,54512.46$611
Feb 19944716,70012.50$588
Jan 19949318,37012.66$1,177
Dec 199312725,03812.33$1,566
Nov 199310221,27414.49$1,478
Oct 19934520,86615.85$713
Sep 19939023,61615.03$1,353
Aug 19938523,06215.66$1,331
Jul 19939823,61515.46$1,515
Jun 199314024,24916.79$2,351
May 19939029,06217.68$1,591
Apr 199311020,41518.05$1,986
Mar 199311417,80618.14$2,068
Feb 19938719,67317.90$1,557
Jan 199313123,50516.93$2,218

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                1,472 Mcf  × $  3.05 =     $4,483

────────────────────────────────────────────────────
Month total                                   $4,483

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/129273 is the state's own key, not one this site invented.