WATSON 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 140176District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$45 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 Gas111992-03-05124545
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
CondensateDisposition3,895 bbl$169,179
GasProduction880,214 Mcf$2,739,478
Total$2,908,657

251,439 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 32.2598, -94.6016. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.25984, -94.60157 · 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
10,636 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 10,636 ft.

Completions filed
Nov 1991
1 of 1 wells

1 well

42-40132353210,636 ftNov 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 202611847106.413.05$3,750
Apr 20261079798.932.87$3,276
Mar 20261084489.753.15$3,556
Feb 2026077363.503.75$2,899
Jan 20261177459.138.00$6,841
Dec 20251183356.664.41$4,300
Nov 20251181358.593.93$3,837
Oct 20251283659.383.30$3,475
Sep 20251284462.743.08$3,350
Aug 20251289263.933.01$3,456
Jul 2025088166.743.32$2,921
Jun 20251386166.483.13$3,558
May 20252596060.553.23$4,617
Apr 2025085962.363.54$3,044
Mar 20251189067.704.27$4,544
Feb 20251376270.884.34$4,229
Jan 20251387574.324.28$4,710
Dec 20241389568.993.12$3,691
Nov 20241284769.052.20$2,691
Oct 20241288071.372.28$2,864
Sep 20241186169.612.36$2,801
Aug 20241184675.632.06$2,578
Jul 2024988579.932.15$2,619
Jun 20241062078.082.63$2,414
May 20241181378.812.20$2,654
Apr 20241083984.451.66$2,237
Mar 20241089080.301.55$2,178
Feb 20241079076.091.78$2,170
Jan 2024990573.023.30$3,642
Dec 2023978871.262.61$2,699
Nov 2023875977.892.81$2,754
Oct 20231093285.443.09$3,732
Sep 2023984589.042.74$3,112
Aug 2023991480.522.67$3,168
Jul 2023985674.852.64$2,935
Jun 2023885368.962.26$2,478
May 2023881470.622.23$2,378
Apr 2023875178.122.24$2,306
Mar 20231680572.852.39$3,092
Feb 2023870575.112.47$2,339
Jan 2023879976.533.39$3,319
Dec 2022876476.415.73$4,988
Nov 20221080685.005.65$5,401
Oct 2022999787.185.86$6,631
Sep 20221092884.888.16$8,425
Aug 2022101,08194.529.13$10,812
Jul 202291,053101.587.54$8,856
Jun 202210995115.097.98$9,088
May 202281,068109.378.43$9,881
Apr 20229920104.226.84$7,229
Mar 202210904108.885.08$5,678
Feb 2022241,04891.054.86$7,277
Jan 202281,20481.844.54$6,118
Dec 2021784871.323.90$3,806
Nov 2021870477.435.24$4,306
Oct 2021891879.795.71$5,884
Sep 2021889369.865.35$5,337
Aug 2021881066.024.22$3,947
Jul 20211090670.783.98$4,316
Jun 202191,11569.493.38$4,395
May 2021865963.483.02$2,496
Apr 20211977960.362.76$3,296
Mar 2021101,05761.302.72$3,485
Feb 20211077257.805.55$4,861
Jan 20211099650.412.81$3,303
Dec 2020111,14944.642.68$3,565
Nov 2020101,15138.772.71$3,503
Oct 202081,13836.972.48$3,116
Sep 202061,09637.091.99$2,405
Aug 202061,06239.982.39$2,773
Jul 202061,16638.371.83$2,358
Jun 202071,10934.901.69$2,119
May 20201598216.921.81$2,036
Apr 202071,14014.751.80$2,160
Mar 2020778630.341.86$1,671
Feb 2020591249.881.98$2,056
Jan 2020333757.252.09$878
Dec 20191586559.012.30$2,878
Nov 201961,01355.302.75$3,118
Oct 201961,09253.472.42$2,962
Sep 201961,03955.052.66$3,091
Aug 201961,17953.112.30$3,036
Jul 201971,07856.272.46$3,046
Jun 201961,12352.782.49$3,114
May 2019121,19558.482.74$3,976
Apr 201961,24262.632.75$3,792
Mar 2019111,12256.803.06$4,060
Feb 201951,05750.852.79$3,206
Jan 2019101,11146.033.23$4,047
Dec 201851,10046.594.19$4,837
Nov 201851,06952.934.24$4,794
Oct 2018111,21561.443.40$4,805
Sep 201851,20959.543.11$4,055
Aug 201851,27959.403.07$4,219
Jul 201821,23665.142.93$3,754
Jun 2018461360.183.08$2,127
May 201881,17165.382.90$3,920
Apr 2018987363.842.90$3,107
Mar 201841,09161.222.79$3,285
Feb 2018999361.782.77$3,303
Jan 2018111,04262.874.01$4,869
Dec 201781,19557.272.92$3,949
Nov 2017142,08855.423.12$7,287
Oct 2017121,38249.292.98$4,715
Sep 201751,08247.523.09$3,578
Aug 2017598845.373.00$3,195
Jul 201791,01043.873.09$3,513
Jun 2017101,19942.493.09$4,127
May 201751,19345.373.26$4,120
Apr 2017101,23947.933.21$4,458
Mar 2017101,26946.772.98$4,254
Feb 201761,19250.452.95$3,822
Jan 2017111,44449.413.42$5,480
Dec 2016111,44648.763.72$5,920
Nov 2016121,34642.492.64$4,069
Oct 201661,46646.193.09$4,807
Sep 2016111,11741.553.10$3,920
Aug 201661,52541.442.92$4,708
Jul 2016111,13341.622.92$3,771
Jun 2016111,50045.352.69$4,528
May 201661,56342.521.99$3,367
Apr 2016211,52236.561.99$3,798
Mar 2016301,56333.011.79$3,794
Feb 2016301,34926.472.06$3,578
Jan 2016301,17827.352.36$3,606
Dec 2015291,32332.362.00$3,586
Nov 2015321,30938.792.17$4,078
Oct 2015151,18543.552.43$3,529
Sep 2015291,12842.992.76$4,358
Aug 2015291,27540.162.87$4,827
Jul 2015291,30948.152.95$5,251
Jun 2015141,12256.152.88$4,021
May 2015281,28955.212.96$5,355
Apr 2015411,26549.822.71$5,466
Mar 2015271,24342.892.93$4,806
Feb 2015181,09544.662.98$4,063
Jan 2015151,58343.433.10$5,560
Dec 2014101,17054.693.59$4,749
Nov 2014101,29970.464.25$6,228
Oct 2014151,31278.303.90$6,293
Sep 201451,23386.164.05$5,419
Aug 2014141,11689.394.04$5,755
Jul 201491,70296.564.18$7,983
Jun 201491,63998.164.74$8,647
May 2014131,39494.734.73$7,820
Apr 201491,34395.944.81$7,322
Mar 2014191,72895.895.06$10,560
Feb 2014111,38997.406.19$9,672
Jan 2014161,48490.404.86$8,660
Dec 2013151,66791.824.35$8,636
Nov 2013101,44988.853.74$6,305
Oct 2013141,56697.423.78$7,282
Sep 201391,577104.113.72$6,800
Aug 2013101,587104.253.52$6,633
Jul 2013151,593102.523.72$7,460
Jun 2013111,75294.403.93$7,930
May 2013111,79594.834.15$8,491
Apr 2013121,82693.964.28$8,948
Mar 2013121,89393.623.91$8,531
Feb 201321,76491.233.42$6,215
Jan 201321,96091.603.42$6,886
Dec 201222,04686.773.42$7,171
Nov 201232,20986.953.62$8,268
Oct 201242,51689.383.40$8,911
Sep 2012122,78694.672.92$9,267
Aug 2012244,28092.662.91$14,671
Jul 201213,67685.133.02$11,190
Jun 201206079.822.52$151
May 20120091.612.49$0
Apr 201260101.652.00$610
Mar 201251,792105.052.22$4,507
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 2011231884.983.65$1,330
Sep 201161,75283.623.99$7,485
Aug 201141,74883.404.15$7,587
Jul 201151,64494.144.52$7,897
Jun 201151,88392.904.64$9,201
May 201151,99698.134.40$9,283
Apr 201192,054105.964.33$9,854
Mar 201132,09596.364.06$8,789
Feb 201101,85985.644.18$7,771
Jan 201101,56786.504.59$7,191
Dec 201002,28285.734.35$9,922
Nov 201001,48480.843.80$5,632
Oct 201002,27678.103.51$7,986
Sep 201001,97272.633.98$7,848
Aug 201002,55373.684.42$11,283
Jul 201011,33172.554.74$6,377
Jun 201051,33770.364.91$6,917
May 201041,47071.124.24$6,510
Apr 201031,54581.694.12$6,615
Mar 201031,70778.394.39$7,727
Feb 201021,95673.585.44$10,792
Jan 201031,08874.365.96$6,712
Dec 200921,77771.445.48$9,888
Nov 200921,85874.593.75$7,119
Oct 200932,28272.544.11$9,597
Sep 200941,99965.543.06$6,389
Aug 200941,95767.423.22$6,568
Jul 200963,03461.133.46$10,878
Jun 200923,23366.163.90$12,725
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009060632.814.63$2,808
Jan 200901,84235.865.37$9,893
Dec 200801,89837.105.98$11,345
Nov 200802,03155.496.86$13,933
Oct 200801,53075.246.92$10,591
Sep 200801,595101.767.88$12,564
Aug 200801,904114.228.48$16,152
Jul 200801,898131.0811.39$21,617
Jun 200801,527131.3313.03$19,901
May 200801,776123.1711.57$20,556
Apr 200801,559110.3110.45$16,299
Mar 200801,856101.909.66$17,937
Feb 200801,84992.538.77$16,217
Jan 200801,90590.388.21$15,632
Dec 200701,86988.337.30$13,647
Nov 200701,66591.677.29$12,141
Oct 200701,83082.856.92$12,667
Sep 200701,80375.846.24$11,258
Aug 200721,97869.066.39$12,773
Jul 200782,11170.906.39$14,052
Jun 2007152,19062.007.55$17,461
May 200752,41958.747.85$19,274
Apr 200702,17259.617.81$16,953
Mar 20070056.927.30$0
Feb 20078055.108.22$441
Jan 2007211,35350.306.73$10,158
Dec 2006222,14656.656.92$16,093
Nov 2006132,02054.207.62$16,092
Oct 2006132,09954.906.01$13,337
Sep 2006142,19360.085.04$11,888
Aug 2006122,31168.717.34$17,787
Jul 2006132,39269.376.34$16,074
Jun 200661,86766.286.38$12,316
May 200622,37066.016.42$15,359
Apr 200622,30264.397.36$17,073
Mar 200622,35356.707.08$16,780
Feb 200622,20257.597.75$17,183
Jan 200652,33660.598.93$21,171
Dec 200532,37054.9413.42$31,959
Nov 200552,93654.6910.59$31,361
Oct 200542,86258.3413.80$39,717
Sep 200512,08861.4512.08$25,282
Aug 200532,34861.519.80$23,188
Jul 200532,45755.697.84$19,439
Jun 200532,53052.337.38$18,831
May 200512,66645.226.65$17,777
Apr 200532,55349.207.36$18,939
Mar 200501,94350.377.15$13,902
Feb 200502,19945.226.31$13,880
Jan 200502,86043.166.32$18,081
Dec 200402,59639.866.75$17,526
Nov 200403,66945.286.33$23,226
Oct 200403,18349.706.52$20,738
Sep 200402,61243.245.28$13,802
Aug 200402,86342.375.55$15,892
Jul 200402,94638.286.08$17,924
Jun 200403,10136.106.43$19,949
May 200404,13137.486.49$26,829
Apr 200402,76534.475.86$16,199
Mar 200401,88334.365.53$10,413
Feb 200431,82632.455.51$10,158
Jan 200431,92832.036.30$12,242
Dec 200341,96830.266.30$12,523
Nov 2003143,14028.804.60$14,832
Oct 200392,96928.174.76$14,385
Sep 200352,09626.314.75$10,086
Aug 200372,07929.765.13$10,873
Jul 200352,17429.415.17$11,388
Jun 200392,34828.565.98$14,305
May 200342,48826.595.97$14,966
Apr 200331,96926.675.41$10,727
Mar 200341,98031.146.10$12,195
Feb 200331,84133.487.93$14,692
Jan 200342,03530.315.58$11,481
Dec 200242,23026.914.85$10,932
Nov 200222,48424.664.14$10,326
Oct 200242,35026.464.23$10,044
Sep 200222,24327.443.64$8,209
Aug 200232,27725.963.16$7,283
Jul 200232,11024.583.06$6,534
Jun 200232,02523.733.34$6,831
May 200242,12624.663.58$7,718
Apr 200242,09323.653.51$7,446
Mar 200222,28322.003.10$7,128
Feb 200222,16018.222.38$5,168
Jan 200232,43417.172.38$5,834
Dec 200132,39916.932.36$5,723
Nov 200122,28018.072.41$5,521
Oct 200142,50319.782.53$6,409
Sep 2001102,29324.262.25$5,405
Aug 200162,29324.873.05$7,150
Jul 2001122,23723.933.20$7,439
Jun 200172,34824.563.82$9,151
May 200162,29425.524.31$10,034
Apr 2001162,30524.685.34$12,693
Mar 2001152,61724.545.38$14,438
Feb 2001152,59327.755.77$15,370
Jan 2001152,88427.478.40$24,634
Dec 2000285,09726.889.12$47,250
Nov 2000253,95132.215.66$23,160
Oct 2000193,13531.235.15$16,725
Sep 2000123,06131.875.19$16,258
Aug 2000122,97029.644.54$13,842
Jul 2000152,80828.534.09$11,912
Jun 2000152,58929.304.40$11,824
May 2000103,06127.263.68$11,536
Apr 2000143,02124.513.12$9,757
Mar 2000103,13628.422.86$9,252
Feb 200092,74427.622.73$7,730
Jan 200043,13225.272.48$7,870
Dec 1999133,08424.282.42$7,790
Nov 199983,70823.192.43$9,211
Oct 199983,86320.982.80$10,999
Sep 199973,27821.752.62$8,737
Aug 199953,45419.262.88$10,029
Jul 199993,90117.892.37$9,416
Jun 199942,20615.942.36$5,275
May 199932,55915.792.32$5,987
Apr 199922,25715.102.21$5,014
Mar 199942,03012.471.84$3,782
Feb 199921,8859.981.82$3,446
Jan 199932,14010.381.90$4,097
Dec 199862,7689.201.77$4,964
Nov 199852,35210.892.19$5,195
Oct 199863,75012.421.97$7,459
Sep 199894,42812.592.08$9,335
Aug 199884,36811.301.91$8,422
Jul 199833,84911.742.24$8,646
Jun 199863,22011.242.24$7,271
May 1998112,99512.622.21$6,747
Apr 199802,55313.042.51$6,396
Mar 199882,60212.802.31$6,112
Feb 199872,59313.952.30$6,059
Jan 199893,17014.702.15$6,963
Dec 1997102,72316.322.41$6,729
Nov 199782,91718.193.09$9,154
Oct 199744,39919.253.15$13,933
Sep 199773,99317.742.95$11,923
Aug 199734,26817.862.55$10,957
Jul 1997114,58917.582.25$10,505
Jun 199784,16417.242.26$9,537
May 1997134,11118.972.31$9,737
Apr 199794,48817.882.08$9,508
Mar 1997114,44318.951.94$8,824
Feb 199743,61120.492.21$8,047
Jan 199725,06323.483.54$17,968
Dec 199625,33223.32$47
Nov 199624,95021.97$44
Oct 199624,76223.31$47
Sep 199614,47522.22$22
Aug 199624,62920.26$41
Jul 199612,76519.55$20
Jun 1996104,36318.73$187
May 1996183,47319.43$350
Apr 1996293,77421.51$624
Mar 1996174,34719.38$329
Feb 1996213,73916.98$357
Jan 1996384,39017.07$649
Dec 1995294,36417.19$499
Nov 1995324,82616.00$512
Oct 1995224,76115.43$339
Sep 1995404,13916.18$647
Aug 1995215,17715.92$334
Jul 1995265,85915.24$396
Jun 1995483,71016.41$788
May 1995293,59017.56$509
Apr 1995234,47217.73$408
Mar 1995165,63516.44$263
Feb 1995244,17516.58$398
Jan 1995164,35515.92$255
Dec 1994174,90915.03$256
Nov 1994175,39215.90$270
Oct 1994255,08015.58$390
Sep 1994165,41115.29$245
Aug 1994254,35116.13$403
Jul 199424,47217.56$35
Jun 199434,84617.09$51
May 199475,53515.88$111
Apr 1994234,90014.14$325
Mar 1994376,24612.46$461
Feb 1994255,23212.50$313
Jan 1994466,17312.66$582
Dec 1993476,62412.33$580
Nov 1993356,25514.49$507
Oct 1993356,46515.85$555
Sep 1993326,24115.03$481
Aug 1993326,81915.66$501
Jul 1993316,64815.46$479
Jun 1993216,65216.79$353
May 1993257,46217.68$442
Apr 1993267,12318.05$469
Mar 1993337,35318.14$599
Feb 1993616,99417.90$1,092
Jan 1993648,19416.93$1,084

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            11 bbl  × $106.41 =     $1,171
Gas                  847 Mcf  × $  3.05 =     $2,580

────────────────────────────────────────────────────
Month total                                   $3,750

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/140176 is the state's own key, not one this site invented.