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 139048District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$87 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
High Cost Gas111991-10-31124331
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
CondensateDisposition4,367 bbl$149,074
GasProduction1,938,342 Mcf$5,594,861
Total$5,743,935

598,851 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 32.2325, -94.8088. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23249, -94.80883 · 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
Jul 1991
1 of 1 wells

1 well

42-40132334410,900 ftJul 1991

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 202602,097106.413.05$6,387
Apr 2026101,89098.932.87$6,413
Mar 202602,02389.753.15$6,371
Feb 202601,97763.503.75$7,414
Jan 202601,69359.138.00$13,540
Dec 202562,07356.664.41$9,489
Nov 202501,99258.593.93$7,821
Oct 202502,01859.383.30$6,669
Sep 202501,87162.743.08$5,757
Aug 202551,91963.933.01$6,105
Jul 202501,91066.743.32$6,332
Jun 202501,63366.483.13$5,109
May 202502,12960.553.23$6,882
Apr 202562,06262.363.54$7,680
Mar 202502,17967.704.27$9,301
Feb 202501,92370.884.34$8,347
Jan 202502,03774.324.28$8,716
Dec 202442,11468.993.12$6,875
Nov 202402,10769.052.20$4,632
Oct 202402,21071.372.28$5,042
Sep 202402,11169.612.36$4,991
Aug 202452,25675.632.06$5,034
Jul 202402,30779.932.15$4,952
Jun 202442,24778.082.63$6,231
May 202402,26978.812.20$4,988
Apr 202402,28684.451.66$3,793
Mar 202402,37980.301.55$3,676
Feb 202442,20276.091.78$4,232
Jan 202402,38373.023.30$7,858
Dec 202302,33871.262.61$6,104
Nov 202342,19777.892.81$6,480
Oct 202302,19185.443.09$6,764
Sep 202302,14289.042.74$5,858
Aug 202302,34280.522.67$6,260
Jul 202372,42374.852.64$6,925
Jun 202302,28868.962.26$5,167
May 202302,36770.622.23$5,272
Apr 202302,15878.122.24$4,829
Mar 202372,62172.852.39$6,782
Feb 202302,20075.112.47$5,425
Jan 202302,26776.533.39$7,680
Dec 202202,00676.415.73$11,493
Nov 202252,62185.005.65$15,224
Oct 202203,74487.185.86$21,954
Sep 2022056684.888.16$4,621
Aug 2022020194.529.13$1,835
Jul 2022101,417101.587.54$11,703
Jun 202201,822115.097.98$14,534
May 202202,112109.378.43$17,811
Apr 202201,814104.226.84$12,403
Mar 2022132,122108.885.08$12,188
Feb 202201,84991.054.86$8,984
Jan 202202,08481.844.54$9,457
Dec 202102,19971.323.90$8,574
Nov 2021142,07577.435.24$11,950
Oct 202102,22779.795.71$12,725
Sep 202102,34369.865.35$12,537
Aug 2021132,27366.024.22$10,452
Jul 202102,33070.783.98$9,278
Jun 202102,23169.493.38$7,542
May 202102,18163.483.02$6,582
Apr 202102,39260.362.76$6,598
Mar 202102,64961.302.72$7,197
Feb 2021101,37857.805.55$8,223
Jan 202102,31350.412.81$6,500
Dec 202002,32044.642.68$6,207
Nov 202002,27038.772.71$6,144
Oct 202002,33936.972.48$5,797
Sep 2020112,02537.091.99$4,440
Aug 202002,16139.982.39$5,154
Jul 202002,27238.371.83$4,147
Jun 202002,32134.901.69$3,923
May 2020132,52116.921.81$4,795
Apr 202002,41114.751.80$4,350
Mar 2020142,31930.341.86$4,729
Feb 202002,21849.881.98$4,393
Jan 202002,79157.252.09$5,846
Dec 2019171,52959.012.30$4,527
Nov 201902,01055.302.75$5,529
Oct 201902,50753.472.42$6,063
Sep 201902,44455.052.66$6,494
Aug 201903,06153.112.30$7,054
Jul 201903,35256.272.46$8,246
Jun 2019133,57852.782.49$9,600
May 2019113,86058.482.74$11,221
Apr 201902,18062.632.75$5,997
Mar 201902,25456.803.06$6,902
Feb 201901,54050.852.79$4,300
Jan 201902,35246.033.23$7,593
Dec 2018102,21446.594.19$9,732
Nov 201802,27252.934.24$9,627
Oct 201802,19661.443.40$7,462
Sep 201802,12859.543.11$6,614
Aug 201802,56259.403.07$7,857
Jul 201802,24065.142.93$6,567
Jun 201863,08560.183.08$9,853
May 201802,24165.382.90$6,501
Apr 201802,37063.842.90$6,875
Mar 201872,34561.222.79$6,964
Feb 201802,31161.782.77$6,393
Jan 201802,14762.874.01$8,608
Dec 201762,23757.272.92$6,879
Nov 201702,19355.423.12$6,839
Oct 201702,48449.292.98$7,411
Sep 201742,50347.523.09$7,918
Aug 201701,83145.373.00$5,501
Jul 201702,42443.873.09$7,484
Jun 201702,41642.493.09$7,459
May 201742,46345.373.26$8,219
Apr 201702,36447.933.21$7,592
Mar 201702,78246.772.98$8,301
Feb 201742,64450.452.95$8,008
Jan 201702,81549.413.42$9,624
Dec 201602,66448.763.72$9,918
Nov 201642,52742.492.64$6,852
Oct 201602,85346.193.09$8,817
Sep 201602,86841.553.10$8,893
Aug 201642,65841.442.92$7,939
Jul 201602,65141.622.92$7,752
Jun 201602,38545.352.69$6,406
May 2016133,00842.521.99$6,542
Apr 201602,84436.561.99$5,663
Mar 2016233,49133.011.79$7,022
Feb 201603,10326.472.06$6,403
Jan 2016232,21027.352.36$5,854
Dec 201502,59732.362.00$5,198
Nov 201502,63038.792.17$5,700
Oct 2015232,74043.552.43$7,650
Sep 201502,71242.992.76$7,481
Aug 201502,57440.162.87$7,394
Jul 2015213,10848.152.95$10,164
Jun 201502,79556.152.88$8,058
May 201502,84855.212.96$8,417
Apr 2015152,56049.822.71$7,676
Mar 201503,31442.892.93$9,726
Feb 2015121,27844.662.98$4,339
Jan 201502,14643.433.10$6,654
Dec 201402,52454.693.59$9,065
Nov 201402,33970.464.25$9,945
Oct 201403,22478.303.90$12,577
Sep 201403,22586.164.05$13,047
Aug 201403,14189.394.04$12,674
Jul 201402,71496.564.18$11,343
Jun 201402,71998.164.74$12,880
May 201402,59894.734.73$12,280
Apr 201402,73495.944.81$13,148
Mar 201402,63995.895.06$13,345
Feb 201402,47397.406.19$15,313
Jan 201402,70990.404.86$13,168
Dec 201302,92791.824.35$12,746
Nov 201302,50788.853.74$9,372
Oct 201303,41897.423.78$12,918
Sep 201301,659104.113.72$6,168
Aug 201303,503104.253.52$12,340
Jul 201303,100102.523.72$11,525
Jun 201303,29194.403.93$12,945
May 201303,42194.834.15$14,194
Apr 201304,16393.964.28$17,828
Mar 201301,77993.623.91$6,961
Feb 201301,50891.233.42$5,157
Jan 201303,43791.603.42$11,754
Dec 201202,26686.773.42$7,750
Nov 201202,53586.953.62$9,189
Oct 201203,16689.383.40$10,763
Sep 201202,71294.672.92$7,915
Aug 201203,53792.662.91$10,286
Jul 201203,41485.133.02$10,313
Jun 20120079.822.52$0
May 201201,72591.612.49$4,292
Apr 201202,823101.652.00$5,637
Mar 201202,631105.052.22$5,846
Feb 201202,467101.102.57$6,341
Jan 201202,47898.092.73$6,775
Dec 201102,62496.873.24$8,501
Nov 201102,55495.723.31$8,457
Oct 201102,68384.983.65$9,789
Sep 201102,63583.623.99$10,503
Aug 201102,81483.404.15$11,676
Jul 201103,02594.144.52$13,665
Jun 201103,02292.904.64$14,022
May 201122,80598.134.40$12,552
Apr 201103,059105.964.33$13,256
Mar 2011122,84096.364.06$12,679
Feb 201102,63685.644.18$11,018
Jan 201101,84286.504.59$8,453
Dec 2010132,42285.734.35$11,645
Nov 201002,29780.843.80$8,718
Oct 201002,88978.103.51$10,137
Sep 2010102,52672.633.98$10,778
Aug 201002,79473.684.42$12,348
Jul 201002,43772.554.74$11,543
Jun 201082,60170.364.91$13,335
May 201002,60271.124.24$11,020
Apr 201002,95381.694.12$12,174
Mar 201082,96478.394.39$13,635
Feb 2010122,11873.585.44$12,410
Jan 201002,88674.365.96$17,212
Dec 2009132,74271.445.48$15,965
Nov 200902,97074.593.75$11,142
Oct 2009143,05172.544.11$13,556
Sep 2009103,16465.543.06$10,352
Aug 200903,16567.423.22$10,187
Jul 200982,91261.133.46$10,578
Jun 200903,25966.163.90$12,694
May 2009123,75054.743.93$15,378
Apr 200903,29646.773.59$11,824
Mar 200983,94642.144.06$16,354
Feb 200903,06832.814.63$14,214
Jan 200913,38435.865.37$18,211
Dec 200813,28437.105.98$19,666
Nov 200803,48755.496.86$23,922
Oct 200803,43175.246.92$23,749
Sep 200802,812101.767.88$22,150
Aug 200803,676114.228.48$31,184
Jul 200813,565131.0811.39$40,734
Jun 200803,494131.3313.03$45,536
May 200823,712123.1711.57$43,210
Apr 200834,211110.3110.45$44,356
Mar 200802,702101.909.66$26,112
Feb 200853,40392.538.77$30,309
Jan 200853,68890.388.21$30,715
Dec 200753,75888.337.30$27,882
Nov 2007313,77491.677.29$30,361
Oct 200773,80982.856.92$26,946
Sep 200703,34975.846.24$20,912
Aug 2007224,22469.066.39$28,502
Jul 200714,44270.906.39$28,446
Jun 2007134,11962.007.55$31,898
May 200713,85458.747.85$30,298
Apr 2007373,96659.617.81$33,161
Mar 200744,00456.927.30$29,465
Feb 2007303,85555.108.22$33,326
Jan 2007354,40150.306.73$31,365
Dec 2006274,46956.656.92$32,448
Nov 200614,40454.207.62$33,602
Oct 200614,61954.906.01$27,833
Sep 2006503,93360.085.04$22,815
Aug 2006273,92468.717.34$30,657
Jul 2006253,81969.376.34$25,957
Jun 2006173,46266.286.38$23,228
May 200614,16666.016.42$26,833
Apr 2006144,08364.397.36$30,954
Mar 2006164,27256.707.08$31,165
Feb 2006164,24157.597.75$33,794
Jan 2006234,34060.598.93$40,164
Dec 2005144,36554.9413.42$59,327
Nov 2005143,84554.6910.59$41,478
Oct 2005124,42958.3413.80$61,802
Sep 2005124,19761.4512.08$51,433
Aug 2005124,48461.519.80$44,667
Jul 2005234,40455.697.84$35,824
Jun 2005124,20952.337.38$31,695
May 2005224,20145.226.65$28,936
Apr 2005234,38349.207.36$33,393
Mar 2005224,66150.377.15$34,457
Feb 2005494,22245.226.31$28,865
Jan 2005474,81143.166.32$32,445
Dec 2004424,78139.866.75$33,951
Nov 2004214,54945.286.33$29,748
Oct 2004424,72349.706.52$32,858
Sep 2004505,00543.245.28$28,608
Aug 2004504,62442.375.55$27,785
Jul 2004504,85338.286.08$31,441
Jun 2004725,14036.106.43$35,665
May 2004494,80837.486.49$33,062
Apr 2004934,87334.475.86$31,754
Mar 2004504,89134.365.53$28,766
Feb 2004974,69732.455.51$29,026
Jan 2004945,15232.036.30$35,467
Dec 2003945,00430.266.30$34,378
Nov 20031024,77528.804.60$24,879
Oct 200305,11728.174.76$24,355
Sep 20031025,07226.314.75$26,772
Aug 2003515,37429.765.13$29,085
Jul 2003535,29129.415.17$28,918
Jun 20031005,03528.565.98$32,980
May 2003415,49226.595.97$33,892
Apr 2003205,13726.675.41$28,311
Mar 200395,37031.146.10$33,016
Feb 2003194,67133.487.93$37,658
Jan 2003165,39230.315.58$30,583
Dec 2002175,00926.914.85$24,770
Nov 2002205,30724.664.14$22,448
Oct 2002194,85326.464.23$21,027
Sep 2002108,81727.443.64$32,326
Aug 2002265,72825.963.16$18,799
Jul 2002125,92224.583.06$18,427
Jun 2002245,83123.733.34$20,035
May 2002285,91324.663.58$21,883
Apr 200295,71223.653.51$20,275
Mar 200286,02822.003.10$18,879
Feb 200255,34418.222.38$12,787
Jan 200275,87217.172.38$14,070
Dec 200176,02216.932.36$14,357
Nov 200165,90518.072.41$14,313
Oct 200166,22119.782.53$15,851
Sep 200176,13024.262.25$13,970
Aug 200176,38824.873.05$19,678
Jul 200176,67423.933.20$21,505
Jun 200166,41924.563.82$24,695
May 200176,94225.524.31$30,080
Apr 200156,96824.685.34$37,300
Mar 200176,03424.545.38$32,613
Feb 200175,22727.755.77$30,339
Jan 200105,75627.478.40$48,343
Dec 200036,03026.889.12$55,089
Nov 200066,52732.215.66$37,123
Oct 200075,26231.235.15$27,294
Sep 200046,51531.875.19$33,918
Aug 200087,11129.644.54$32,526
Jul 200066,38328.534.09$26,276
Jun 200056,12729.304.40$27,088
May 200087,59527.263.68$28,166
Apr 200055,87824.513.12$18,438
Mar 200076,85728.422.86$19,808
Feb 2000166,44127.622.73$18,003
Jan 2000146,45825.272.48$16,373
Dec 1999166,64924.282.42$16,504
Nov 1999116,73923.192.43$16,658
Oct 1999116,86720.982.80$19,484
Sep 199986,75121.752.62$17,854
Aug 1999137,22119.262.88$21,015
Jul 199957,68217.892.37$18,314
Jun 1999227,26715.942.36$17,516
May 1999127,52415.792.32$17,653
Apr 1999127,20815.102.21$16,097
Mar 1999167,69412.471.84$14,344
Feb 1999126,9729.981.82$12,793
Jan 1999167,80310.381.90$14,991
Dec 1998166,9239.201.77$12,424
Nov 199887,29210.892.19$16,025
Oct 199878,01012.421.97$15,860
Sep 199857,22112.592.08$15,102
Aug 199828,15011.301.91$15,568
Jul 199828,37811.742.24$18,767
Jun 199837,92011.242.24$17,753
May 1998138,10312.622.21$18,042
Apr 1998118,37213.042.51$21,118
Mar 1998128,22512.802.31$19,149
Feb 199877,58813.952.30$17,543
Jan 199878,83214.702.15$19,134
Dec 199778,49316.322.41$20,592
Nov 199788,23618.193.09$25,580
Oct 1997168,59619.253.15$27,384
Sep 199709,17817.742.95$27,120
Aug 199769,62717.862.55$24,702
Jul 199768,89217.582.25$20,085
Jun 1997119,28517.242.26$21,148
May 199768,66318.972.31$20,112
Apr 199769,21317.882.08$19,296
Mar 199779,81218.951.94$19,159
Feb 1997317,61820.492.21$17,440
Jan 19972110,00523.483.54$35,908
Dec 19963510,22623.32$816
Nov 1996189,68121.97$395
Oct 19964710,36823.31$1,096
Sep 19961710,24322.22$378
Aug 19961710,58620.26$344
Jul 19962210,82419.55$430
Jun 19961510,26818.73$281
May 19962711,15219.43$525
Apr 19961810,98821.51$387
Mar 19963211,42919.38$620
Feb 19963011,41116.98$509
Jan 19961310,20017.07$222
Dec 19951110,96217.19$189
Nov 19951111,47216.00$176
Oct 1995512,73815.43$77
Sep 19951111,81316.18$178
Aug 1995913,34015.92$143
Jul 1995511,42315.24$76
Jun 1995313,27116.41$49
May 1995513,55117.56$88
Apr 1995015,24617.73$0
Mar 1995020,07216.44$0
Feb 1995112,40616.58$17
Jan 199529,93815.92$32
Dec 199478,62815.03$105
Nov 1994257,66715.90$398
Oct 1994137,68415.58$203
Sep 1994246,33915.29$367
Aug 1994357,04216.13$565
Jul 19942816,30717.56$492
Jun 19946018,55217.09$1,025
May 19943411,08515.88$540
Apr 1994339,51114.14$467
Mar 19941711,03112.46$212
Feb 19941710,41912.50$213
Jan 1994329,41612.66$405
Dec 19936014,48712.33$740
Nov 19934718,29614.49$681
Oct 19931817,30215.85$285
Sep 19933217,34015.03$481
Aug 19933319,78115.66$517
Jul 19933116,33915.46$479
Jun 19934212,95216.79$705
May 19933216,33317.68$566
Apr 19934715,12818.05$848
Mar 19934712,21018.14$853
Feb 19933713,50917.90$662
Jan 19932817,88516.93$474

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                2,097 Mcf  × $  3.05 =     $6,387

────────────────────────────────────────────────────
Month total                                   $6,387

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/139048 is the state's own key, not one this site invented.