LEE GAS UNIT -A-

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

Gas lease lease 139337District 06Field 985630832 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
Jan 1993 – Feb 2023
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
362
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 368 leases and 368 wells, and the rule below applies to all of them.

Discovered
1965-01-10
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2010-11-02.

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 Gas111991-11-16124336
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
CondensateDisposition16,389 bbl$321,757
GasProduction1,523,956 Mcf$2,794,684
Total$3,116,441

804,778 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 32.6245, -94.3790. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.62453, -94.37902 · 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
100.0%
1 of 1 wells
Median depth
10,070 ft
1 wells filed one
Completion to plug
31.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 10,070 ft.

Completions filed
Aug 1991
1 of 1 wells
Plug dates filed
Feb 2023
1 of 1 wells

Last completion to plug: a median of 31.5 years across the 1 well that filed both dates, with the middle half between 31.5 years and 31.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-203319824-L10,070 ftAug 1991Feb 2023Yes

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 (362)

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

362 months

Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220885.005.65$45
Oct 2022020087.185.86$1,173
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
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 20150048.152.95$0
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 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 2011062683.623.99$2,495
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 201101298.134.40$53
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 201103186.504.59$142
Dec 20100085.734.35$0
Nov 20100280.843.80$8
Oct 20100078.103.51$0
Sep 201001172.633.98$44
Aug 2010011473.684.42$504
Jul 201001,24772.554.74$5,906
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 201002878.394.39$123
Feb 2010096173.585.44$5,230
Jan 20100974.365.96$54
Dec 20090171.445.48$5
Nov 200902874.593.75$105
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 200901366.163.90$51
May 2009057154.743.93$2,242
Apr 200904446.773.59$158
Mar 2009010642.144.06$430
Feb 2009049032.814.63$2,270
Jan 2009090235.865.37$4,845
Dec 200807737.105.98$460
Nov 2008017355.496.86$1,187
Oct 2008082175.246.92$5,683
Sep 200804101.767.88$32
Aug 2008023114.228.48$195
Jul 2008026131.0811.39$296
Jun 2008037131.3313.03$482
May 2008070123.1711.57$810
Apr 20080204110.3110.45$2,133
Mar 20080198101.909.66$1,913
Feb 2008021892.538.77$1,912
Jan 2008044690.388.21$3,660
Dec 200701,14188.337.30$8,332
Nov 2007094891.677.29$6,913
Oct 2007571982.856.92$5,391
Sep 2007214475.846.24$1,051
Aug 2007682369.066.39$5,672
Jul 2007119370.906.39$1,304
Jun 2007121262.007.55$1,662
May 2007116958.747.85$1,385
Apr 2007327459.617.81$2,317
Mar 2007111956.927.30$926
Feb 2007312755.108.22$1,209
Jan 2007212,80450.306.73$19,918
Dec 2006132,44556.656.92$17,652
Nov 2006173,28854.207.62$25,968
Oct 2006102,23654.906.01$13,996
Sep 200691,75260.085.04$9,366
Aug 2006122,30168.717.34$17,714
Jul 2006132,84269.376.34$18,928
Jun 2006162,58766.286.38$17,576
May 2006142,73566.016.42$18,497
Apr 2006193,14364.397.36$24,357
Mar 2006202,86356.707.08$21,412
Feb 2006142,75657.597.75$22,168
Jan 2006142,35060.598.93$21,842
Dec 2005162,81854.9413.42$38,684
Nov 2005151,95554.6910.59$21,521
Oct 2005192,79558.3413.80$39,668
Sep 2005203,00761.4512.08$37,551
Aug 2005202,83061.519.80$28,955
Jul 2005223,14255.697.84$25,870
Jun 2005213,00152.337.38$23,249
May 2005253,08645.226.65$21,656
Apr 2005243,03749.207.36$23,535
Mar 2005293,33950.377.15$25,351
Feb 2005273,11145.226.31$20,857
Jan 2005293,14643.166.32$21,141
Dec 2004273,37539.866.75$23,861
Nov 2004273,46845.286.33$23,176
Oct 2004313,65449.706.52$25,347
Sep 2004283,54443.245.28$19,937
Aug 2004293,62942.375.55$21,372
Jul 2004313,87938.286.08$24,787
Jun 2004353,84436.106.43$25,992
May 2004394,17337.486.49$28,564
Apr 2004313,71934.475.86$22,856
Mar 2004313,41434.365.53$19,945
Feb 2004323,43032.455.51$19,936
Jan 2004533,85032.036.30$25,951
Dec 2003513,77230.266.30$25,313
Nov 2003564,11628.804.60$20,526
Oct 2003554,31228.174.76$22,073
Sep 2003624,43526.314.75$22,695
Aug 2003694,76929.765.13$26,517
Jul 2003654,65829.415.17$25,997
Jun 2003514,47928.565.98$28,254
May 2003644,62826.595.97$29,343
Apr 2003664,63926.675.41$26,845
Mar 2003684,96231.146.10$32,366
Feb 2003664,19233.487.93$35,435
Jan 2003634,68730.315.58$28,073
Dec 2002704,87326.914.85$25,536
Nov 2002754,54624.664.14$20,656
Oct 2002634,85526.464.23$22,199
Sep 2002494,90627.443.64$19,179
Aug 2002415,58925.963.16$18,749
Jul 2002425,36324.583.06$17,453
Jun 2002495,38223.733.34$19,129
May 2002625,35124.663.58$20,707
Apr 2002615,67123.653.51$21,361
Mar 2002615,79422.003.10$19,319
Feb 2002423,95218.222.38$10,154
Jan 2002535,34217.172.38$13,601
Dec 2001154,87916.932.36$11,790
Nov 2001144,98818.072.41$12,252
Oct 2001145,83619.782.53$15,035
Sep 2001134,65824.262.25$10,802
Aug 2001145,92724.873.05$18,444
Jul 2001125,50823.933.20$17,897
Jun 2001105,43924.563.82$21,045
May 2001135,78525.524.31$25,250
Apr 2001187,43024.685.34$40,086
Mar 2001155,14824.545.38$28,046
Feb 2001166,15127.755.77$35,917
Jan 2001208,60727.478.40$72,838
Dec 2000146,55526.889.12$60,174
Nov 20002032.215.66$64
Oct 2000241,24331.235.15$7,145
Sep 2000685,10731.875.19$28,655
Aug 2000442,28429.644.54$11,675
Jul 20001188,42428.534.09$37,819
Jun 20001479,60729.304.40$46,551
May 2000573,33427.263.68$13,822
Apr 20001587,97024.513.12$28,707
Mar 20001016,10128.422.86$20,318
Feb 20001156,75627.622.73$21,597
Jan 20001175,93325.272.48$17,673
Dec 19991327,27224.282.42$20,830
Nov 1999408,10723.192.43$20,660
Oct 1999174,16420.982.80$12,031
Sep 1999276,46421.752.62$17,516
Aug 1999246,59919.262.88$19,438
Jul 1999348,30417.892.37$20,308
Jun 1999338,11615.942.36$19,697
May 1999369,25015.792.32$22,038
Apr 1999327,08815.102.21$16,134
Mar 1999377,35812.471.84$13,988
Feb 1999377,1159.981.82$13,303
Jan 1999508,75010.381.90$17,144
Dec 1998529,0409.201.77$16,509
Nov 1998417,80710.892.19$17,510
Oct 19985510,62912.421.97$21,614
Sep 1998479,10112.592.08$19,546
Aug 19988910,70111.301.91$21,416
Jul 199810211,49411.742.24$26,913
Jun 19989410,91111.242.24$25,467
May 199810011,38912.622.21$26,390
Apr 19989611,08713.042.51$29,028
Mar 19981229,52112.802.31$23,550
Feb 19981049,96513.952.30$24,362
Jan 199810211,06914.702.15$25,351
Dec 199710811,01516.322.41$28,321
Nov 199710010,34318.193.09$33,761
Oct 19979010,69419.253.15$35,417
Sep 199710010,67917.742.95$33,329
Aug 19979910,44017.862.55$28,440
Jul 199712211,07617.582.25$27,032
Jun 199710210,59917.242.26$25,683
May 199710410,56418.972.31$26,360
Apr 199712711,90217.882.08$27,060
Mar 199711711,90218.951.94$25,297
Feb 199713911,20420.492.21$27,563
Jan 199712712,59823.483.54$47,575
Dec 199614812,83723.32$3,451
Nov 199614612,49221.97$3,208
Oct 199611912,94023.31$2,774
Sep 199612112,69022.22$2,689
Aug 199612813,55120.26$2,593
Jul 199613614,31719.55$2,659
Jun 199615714,02318.73$2,941
May 199617614,10819.43$3,420
Apr 199616913,47921.51$3,635
Mar 199616214,03919.38$3,140
Feb 199616012,78616.98$2,717
Jan 199617613,70317.07$3,004
Dec 199517014,10317.19$2,922
Nov 199517413,89516.00$2,784
Oct 199515114,88615.43$2,330
Sep 199517615,13516.18$2,848
Aug 199518816,95015.92$2,993
Jul 199521718,55415.24$3,307
Jun 199516919,41216.41$2,773
May 199519116,30217.56$3,354
Apr 199519914,40417.73$3,528
Mar 199522315,28816.44$3,666
Feb 199519713,88616.58$3,266
Jan 199522215,44915.92$3,534
Dec 199425516,45415.03$3,833
Nov 199421415,56615.90$3,403
Oct 199422316,71915.58$3,474
Sep 199420815,58215.29$3,180
Aug 199422617,73316.13$3,645
Jul 199425216,80117.56$4,425
Jun 199422314,89217.09$3,811
May 199429316,12515.88$4,653
Apr 199428215,77814.14$3,987
Mar 199431317,13812.46$3,900
Feb 199429915,56812.50$3,738
Jan 199435318,67412.66$4,469
Dec 199337220,16912.33$4,587
Nov 199338820,90114.49$5,622
Oct 199345634,25415.85$7,228
Sep 199345221,59515.03$6,794
Aug 199328720,48915.66$4,494
Jul 199330617,74215.46$4,731
Jun 199330517,51216.79$5,121
May 199335043,48317.68$6,188
Apr 1993015,09318.05$0
Mar 1993015,56418.14$0
Feb 1993017,39417.90$0
Jan 1993014,32316.93$0

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.

Nov 2022 — as filed, then multipliedworked
Condensate             0 bbl  × $ 85.00 =         $0
Gas                    8 Mcf  × $  5.65 =        $45

────────────────────────────────────────────────────
Month total                                      $45

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/139337 is the state's own key, not one this site invented.