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 140399District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$76 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 Gas111992-04-02124667
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
CondensateDisposition6,238 bbl$284,962
GasProduction1,140,673 Mcf$3,076,384
Total$3,361,346

354,624 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 32.2527, -94.6050. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.25266, -94.60499 · 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
10,620 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 10,620 ft.

Completions filed
Dec 1991
1 of 1 wells

1 well

42-40132354310,620 ftDec 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 2026171,478106.413.05$6,311
Apr 2026151,49998.932.87$5,786
Mar 2026171,41989.753.15$5,995
Feb 202601,39163.503.75$5,217
Jan 2026161,58559.138.00$13,623
Dec 2025151,47456.664.41$7,355
Nov 2025161,38858.593.93$6,387
Oct 2025161,45059.383.30$5,742
Sep 2025151,41662.743.08$5,298
Aug 2025131,50963.933.01$5,380
Jul 202501,46466.743.32$4,853
Jun 2025131,15366.483.13$4,472
May 2025301,19960.553.23$5,692
Apr 202501,23462.363.54$4,372
Mar 2025161,45867.704.27$7,306
Feb 2025161,30070.884.34$6,777
Jan 2025171,35574.324.28$7,061
Dec 2024171,41168.993.12$5,577
Nov 2024171,44469.052.20$4,348
Oct 2024181,59471.372.28$4,921
Sep 2024181,56569.612.36$4,953
Aug 2024161,61075.632.06$4,533
Jul 2024161,52979.932.15$4,561
Jun 2024151,46078.082.63$5,017
May 2024151,53278.812.20$4,550
Apr 2024151,39484.451.66$3,580
Mar 2024151,57880.301.55$3,643
Feb 2024121,39776.091.78$3,405
Jan 2024141,25573.023.30$5,161
Dec 2023141,50871.262.61$4,935
Nov 2023131,52177.892.81$5,283
Oct 2023151,69085.443.09$6,499
Sep 2023131,60089.042.74$5,534
Aug 2023141,60480.522.67$5,415
Jul 2023141,60974.852.64$5,299
Jun 2023141,63768.962.26$4,663
May 2023161,76270.622.23$5,055
Apr 2023171,90578.122.24$5,591
Mar 2023311,99172.852.39$7,023
Feb 2023151,67075.112.47$5,244
Jan 2023151,85776.533.39$7,439
Dec 2022161,84976.415.73$11,816
Nov 2022171,94985.005.65$12,449
Oct 2022162,07487.185.86$13,556
Sep 2022161,99884.888.16$17,669
Aug 2022162,07494.529.13$20,442
Jul 2022162,104101.587.54$17,494
Jun 2022162,051115.097.98$18,203
May 2022152,042109.378.43$18,861
Apr 2022161,996104.226.84$15,315
Mar 2022162,012108.885.08$11,956
Feb 2022271,72091.054.86$10,816
Jan 2022151,45781.844.54$7,839
Dec 2021151,92671.323.90$8,580
Nov 2021151,86977.435.24$10,949
Oct 2021151,99079.795.71$12,567
Sep 2021151,85269.865.35$10,958
Aug 2021151,88566.024.22$8,946
Jul 2021161,99670.783.98$9,081
Jun 2021171,98669.493.38$7,895
May 2021172,07463.483.02$7,338
Apr 2021311,96560.362.76$7,291
Mar 2021201,91461.302.72$6,426
Feb 2021171,66957.805.55$10,242
Jan 2021162,00250.412.81$6,433
Dec 2020162,08844.642.68$6,301
Nov 2020162,02238.772.71$6,093
Oct 2020152,05836.972.48$5,655
Sep 2020161,96537.091.99$4,506
Aug 2020162,01839.982.39$5,453
Jul 2020172,13838.371.83$4,554
Jun 2020202,12434.901.69$4,288
May 2020452,25316.921.81$4,850
Apr 2020222,05114.751.80$4,025
Mar 2020201,84630.341.86$4,033
Feb 2020201,66949.881.98$4,303
Jan 2020181,84757.252.09$4,899
Dec 2019391,47759.012.30$5,705
Nov 2019141,75655.302.75$5,604
Oct 2019171,98753.472.42$5,715
Sep 2019152,01755.052.66$6,185
Aug 2019141,87253.112.30$5,057
Jul 2019101,86356.272.46$5,146
Jun 2019131,28452.782.49$3,885
May 2019272,04058.482.74$7,169
Apr 2019131,79962.632.75$5,763
Mar 2019261,82156.803.06$7,053
Feb 2019121,70550.852.79$5,371
Jan 2019261,89946.033.23$7,327
Dec 2018131,92146.594.19$8,646
Nov 2018131,72852.934.24$8,010
Oct 2018211,88161.443.40$7,682
Sep 2018101,66259.543.11$5,761
Aug 2018111,77459.403.07$6,093
Jul 201891,70865.142.93$5,594
Jun 2018101,62960.183.08$5,614
May 2018211,80165.382.90$6,597
Apr 2018231,68363.842.90$6,350
Mar 2018121,90661.222.79$6,046
Feb 2018231,77661.782.77$6,334
Jan 2018231,90362.874.01$9,076
Dec 2017111,96857.272.92$6,380
Nov 2017211,83955.423.12$6,898
Oct 2017281,80549.292.98$6,766
Sep 2017131,81447.523.09$6,218
Aug 2017131,89045.373.00$6,268
Jul 2017251,78943.873.09$6,620
Jun 2017262,15142.493.09$7,745
May 2017141,84445.373.26$6,653
Apr 2017282,00147.933.21$7,768
Mar 2017272,06746.772.98$7,430
Feb 2017151,88550.452.95$6,322
Jan 2017312,11849.413.42$8,773
Dec 2016312,02348.763.72$9,043
Nov 2016312,06442.492.64$6,775
Oct 2016162,29846.193.09$7,840
Sep 2016312,22841.553.10$8,196
Aug 2016162,25441.442.92$7,255
Jul 2016312,32241.622.92$8,081
Jun 2016302,30445.352.69$7,549
May 2016162,44942.521.99$5,556
Apr 2016202,38836.561.99$5,486
Mar 201682,43733.011.79$4,636
Feb 201682,39226.472.06$5,148
Jan 201682,43127.352.36$5,967
Dec 201582,53832.362.00$5,338
Nov 201592,46638.792.17$5,694
Oct 201542,49043.552.43$6,216
Sep 201582,43142.992.76$7,050
Aug 201582,26340.162.87$6,822
Jul 201581,73648.152.95$5,498
Jun 201542,18856.152.88$6,532
May 201582,34755.212.96$7,378
Apr 2015112,39449.822.71$7,028
Mar 201572,28442.892.93$7,003
Feb 2015171,56744.662.98$5,423
Jan 2015361,76943.433.10$7,048
Dec 2014231,81754.693.59$7,783
Nov 2014232,10070.464.25$10,549
Oct 2014352,19278.303.90$11,291
Sep 2014111,96986.164.05$8,913
Aug 2014331,88389.394.04$10,548
Jul 2014211,61296.564.18$8,765
Jun 2014201,78898.164.74$10,433
May 2014311,95894.734.73$12,191
Apr 2014211,84195.944.81$10,868
Mar 2014442,09895.895.06$14,828
Feb 2014161,54497.406.19$11,119
Jan 2014192,08090.404.86$11,828
Dec 2013181,98591.824.35$10,296
Nov 2013121,63488.853.74$7,175
Oct 2013161,70097.423.78$7,984
Sep 2013111,623104.113.72$7,179
Aug 2013121,647104.253.52$7,053
Jul 2013181,810102.523.72$8,574
Jun 2013131,92894.403.93$8,811
May 2013132,04094.834.15$9,697
Apr 2013141,97393.964.28$9,765
Mar 2013152,22793.623.91$10,118
Feb 201371,81891.233.42$6,856
Jan 201372,19491.603.42$8,144
Dec 201272,18386.773.42$8,074
Nov 201272,27786.953.62$8,863
Oct 201252,07389.383.40$7,494
Sep 201282,43694.672.92$7,867
Aug 2012142,16092.662.91$7,579
Jul 201252,42485.133.02$7,748
Jun 2012162,19279.822.52$6,799
May 201252,52691.612.49$6,744
Apr 2012112,623101.652.00$6,356
Mar 2012301,038105.052.22$5,458
Feb 2012344,334101.102.57$14,577
Jan 20120098.092.73$0
Dec 20111096.873.24$97
Nov 2011919395.723.31$1,501
Oct 2011132,07784.983.65$8,683
Sep 2011212,48083.623.99$11,641
Aug 2011122,32783.404.15$10,656
Jul 2011151,86194.144.52$9,819
Jun 2011151,93992.904.64$10,390
May 2011132,05298.134.40$10,314
Apr 2011211,600105.964.33$9,158
Mar 201192,11896.364.06$9,461
Feb 201103,08885.644.18$12,908
Jan 2011095986.504.59$4,401
Dec 201003,54785.734.35$15,421
Nov 201001,12780.843.80$4,277
Oct 201001,30378.103.51$4,572
Sep 201002,66072.633.98$10,585
Aug 201003,28273.684.42$14,504
Jul 201002,47772.554.74$11,732
Jun 201001,72070.364.91$8,446
May 201002,46171.124.24$10,423
Apr 201001,71581.694.12$7,070
Mar 201004,97278.394.39$21,820
Feb 201001,01573.585.44$5,524
Jan 201001,29674.365.96$7,729
Dec 200902,40871.445.48$13,205
Nov 200902,59374.593.75$9,728
Oct 200902,32072.544.11$9,536
Sep 200904,02465.543.06$12,333
Aug 2009092667.423.22$2,980
Jul 200901,02861.133.46$3,562
Jun 2009191,82366.163.90$8,358
May 2009362,41554.743.93$11,451
Apr 2009213,02446.773.59$11,831
Mar 20092429042.144.06$2,188
Feb 2009441,84732.814.63$10,001
Jan 2009182,51135.865.37$14,132
Dec 2008422,57637.105.98$16,955
Nov 2008141,70255.496.86$12,453
Oct 2008441,87275.246.92$16,269
Sep 2008242,129101.767.88$19,213
Aug 2008251,974114.228.48$19,601
Jul 2008173,368131.0811.39$40,588
Jun 200803,585131.3313.03$46,722
May 200805,456123.1711.57$63,149
Apr 200804,288110.3110.45$44,830
Mar 200804,178101.909.66$40,376
Feb 200801,77892.538.77$15,594
Jan 200802,10490.388.21$17,265
Dec 200701,94988.337.30$14,232
Nov 200701,66891.677.29$12,163
Oct 200701,88482.856.92$13,041
Sep 200701,89175.846.24$11,808
Aug 200701,82469.066.39$11,652
Jul 200702,46370.906.39$15,734
Jun 200702,51262.007.55$18,962
May 200702,51558.747.85$19,733
Apr 200701,78259.617.81$13,909
Mar 200701,56056.927.30$11,391
Feb 200701,53355.108.22$12,595
Jan 200701,67750.306.73$11,281
Dec 200601,58656.656.92$10,973
Nov 200601,47054.207.62$11,198
Oct 200601,41454.906.01$8,504
Sep 200601,43960.085.04$7,249
Aug 200601,54968.717.34$11,370
Jul 200601,55369.376.34$9,850
Jun 200601,78366.286.38$11,382
May 200601,32466.016.42$8,507
Apr 200601,35864.397.36$9,996
Mar 200601,31356.707.08$9,300
Feb 200601,17957.597.75$9,139
Jan 200601,26360.598.93$11,283
Dec 2005094354.9413.42$12,651
Nov 200501,07154.6910.59$11,340
Oct 200501,13058.3413.80$15,589
Sep 2005073361.4512.08$8,854
Aug 2005094261.519.80$9,229
Jul 200541,22455.697.84$9,823
Jun 200581,39652.337.38$10,723
May 200541,53645.226.65$10,397
Apr 2005121,45049.207.36$11,263
Mar 200551,01050.377.15$7,478
Feb 2005382945.226.31$5,368
Jan 2005788143.166.32$5,872
Dec 2004798839.866.75$6,949
Nov 200461,01345.286.33$6,684
Oct 200451,08749.706.52$7,330
Sep 2004482543.245.28$4,532
Aug 2004299042.375.55$5,580
Jul 200451,06638.286.08$6,677
Jun 200431,20936.106.43$7,886
May 2004788437.486.49$6,004
Apr 200461,09934.475.86$6,645
Mar 2004112,39134.365.53$13,601
Feb 2004126632.455.51$1,498
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 200321830.315.58$161
Dec 200281,10626.914.85$5,584
Nov 200272,65724.664.14$11,165
Oct 2002173,18026.464.23$13,898
Sep 200294,07527.443.64$15,060
Aug 2002123,81025.963.16$12,367
Jul 2002113,06924.583.06$9,667
Jun 2002102,91623.733.34$9,972
May 2002132,69524.663.58$9,979
Apr 2002122,55223.653.51$9,247
Mar 200262,44722.003.10$7,724
Feb 200262,03818.222.38$4,951
Jan 200272,16417.172.38$5,261
Dec 200131,10816.932.36$2,671
Nov 2001112418.072.41$316
Oct 2001887719.782.53$2,376
Sep 2001313,31024.262.25$8,204
Aug 2001223,43224.873.05$11,026
Jul 2001463,58423.933.20$12,559
Jun 2001253,25624.563.82$13,065
May 2001263,86425.524.31$17,307
Apr 2001574,44124.685.34$25,101
Mar 2001383,86024.545.38$21,686
Feb 2001322,59727.755.77$15,865
Jan 2001242,85827.478.40$24,663
Dec 2000382,88526.889.12$27,340
Nov 2000422,78332.215.66$17,099
Oct 2000412,82131.235.15$15,796
Sep 2000323,09631.875.19$17,077
Aug 2000353,67429.644.54$17,720
Jul 2000523,85528.534.09$17,250
Jun 2000534,42829.304.40$21,024
May 2000254,33627.263.68$16,637
Apr 2000254,20224.513.12$13,706
Mar 2000224,69828.422.86$14,060
Feb 2000184,81527.622.73$13,625
Jan 200074,95025.272.48$12,455
Dec 1999224,60724.282.42$11,700
Nov 1999144,59723.192.43$11,514
Oct 1999134,76220.982.80$13,624
Sep 1999165,01621.752.62$13,484
Aug 1999115,91319.262.88$17,215
Jul 1999205,29317.892.37$12,915
Jun 199994,80615.942.36$11,496
May 199995,11315.792.32$12,009
Apr 199934,74715.102.21$10,527
Mar 199915,05912.471.84$9,313
Feb 199914,6789.981.82$8,514
Jan 199914,93410.381.90$9,385
Dec 199825,5109.201.77$9,789
Nov 199815,56710.892.19$12,179
Oct 199815,72312.421.97$11,282
Sep 1998195,26112.592.08$11,196
Aug 1998296,23311.301.91$12,216
Jul 1998115,59911.742.24$12,656
Jun 1998155,04511.242.24$11,456
May 199865,89312.622.21$13,078
Apr 199805,90913.042.51$14,804
Mar 199835,76912.802.31$13,362
Feb 199882,93713.952.30$6,864
Jan 1998184,29214.702.15$9,513
Dec 1997184,71616.322.41$11,665
Nov 199793,95418.193.09$12,375
Oct 199753,39819.253.15$10,799
Sep 1997243,74817.742.95$11,501
Aug 1997144,11917.862.55$10,773
Jul 1997564,02317.582.25$10,024
Jun 1997503,44217.242.26$8,631
May 1997824,39418.972.31$11,699
Apr 1997544,85117.882.08$11,069
Mar 1997775,10218.951.94$11,353
Feb 1997344,59920.492.21$10,842
Jan 1997255,63823.483.54$20,544
Dec 1996176,36523.32$396
Nov 1996236,33221.97$505
Oct 1996215,19423.31$490
Sep 199684,79322.22$178
Aug 1996185,76320.26$365
Jul 1996244,96219.55$469
Jun 1996165,14118.73$300
May 1996235,95319.43$447
Apr 1996356,06621.51$753
Mar 1996216,12519.38$407
Feb 1996166,00916.98$272
Jan 1996355,55717.07$597
Dec 1995306,57917.19$516
Nov 1995336,18216.00$528
Oct 1995245,76215.43$370
Sep 1995436,27016.18$696
Aug 1995225,92615.92$350
Jul 1995276,74315.24$411
Jun 1995506,82416.41$821
May 1995314,74617.56$544
Apr 1995256,40117.73$443
Mar 1995177,87416.44$279
Feb 1995265,92016.58$431
Jan 1995187,82315.92$287
Dec 1994175,56715.03$256
Nov 1994177,71515.90$270
Oct 1994257,15315.58$390
Sep 1994187,51515.29$275
Aug 1994315,85316.13$500
Jul 1994196,91717.56$334
Jun 1994147,51617.09$239
May 1994217,71715.88$333
Apr 1994377,27714.14$523
Mar 1994469,13112.46$573
Feb 1994317,14212.50$388
Jan 1994578,53312.66$722
Dec 1993589,96312.33$715
Nov 1993399,40014.49$565
Oct 1993109,83915.85$159
Sep 199389,52915.03$120
Aug 199399,84515.66$141
Jul 1993910,52515.46$139
Jun 1993910,21716.79$151
May 19933810,50717.68$672
Apr 19933710,07718.05$668
Mar 19933810,27918.14$689
Feb 1993439,81517.90$770
Jan 19934411,28216.93$745

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            17 bbl  × $106.41 =     $1,809
Gas                1,478 Mcf  × $  3.05 =     $4,502

────────────────────────────────────────────────────
Month total                                   $6,311

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/140399 is the state's own key, not one this site invented.