OWENS, T.B. GAS UNIT

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 144403District 06Field 985630832 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.2 M
Feb 1993 – Jun 2021
Value, last 12 filed months
$0
at the published price for each month
Months reported
341
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 Gas111993-05-21125824
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
CondensateDisposition14,870 bbl$443,847
GasProduction1,191,102 Mcf$2,756,216
Total$3,200,063

586,803 Mcf of this lease's gas, across 47 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 32.6752, -94.2828. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.67522, -94.28283 · 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
10,025 ft
1 wells filed one
Completion to plug
28.4 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 10,025 ft.

Completions filed
Feb 1993
1 of 1 wells
Plug dates filed
Jul 2021
1 of 1 wells

Last completion to plug: a median of 28.4 years across the 1 well that filed both dates, with the middle half between 28.4 years and 28.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-20332120410,025 ftFeb 1993Jul 2021Yes

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 (341)

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

341 months

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 201562748.152.95$368
Jun 2015258456.152.88$1,646
May 20152624555.212.96$2,160
Apr 20152835149.822.71$2,345
Mar 20153319342.892.93$1,982
Feb 20153135844.662.98$2,450
Jan 20153828943.433.10$2,546
Dec 20143726454.693.59$2,972
Nov 20142522570.464.25$2,718
Oct 2014020478.303.90$796
Sep 2014038086.164.05$1,537
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 201401897.406.19$111
Jan 2014017990.404.86$870
Dec 2013073391.824.35$3,192
Nov 2013038388.853.74$1,432
Oct 201307497.423.78$280
Sep 201306104.113.72$22
Aug 20130134104.253.52$472
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 201306294.834.15$257
Apr 2013023893.964.28$1,019
Mar 2013020793.623.91$810
Feb 2013023591.233.42$804
Jan 2013026891.603.42$917
Dec 2012028886.773.42$985
Nov 2012028386.953.62$1,026
Oct 2012026789.383.40$908
Sep 2012043594.672.92$1,270
Aug 2012046092.662.91$1,338
Jul 2012038285.133.02$1,154
Jun 2012030179.822.52$758
May 2012024091.612.49$597
Apr 20120292101.652.00$583
Mar 20120306105.052.22$680
Feb 20120992101.102.57$2,550
Jan 2012097598.092.73$2,666
Dec 2011043196.873.24$1,396
Nov 20110095.723.31$0
Oct 201109984.983.65$361
Sep 2011054583.623.99$2,172
Aug 2011050183.404.15$2,079
Jul 2011085094.144.52$3,840
Jun 2011087892.904.64$4,074
May 2011027898.134.40$1,225
Apr 20110252105.964.33$1,092
Mar 2011021896.364.06$885
Feb 2011027585.644.18$1,149
Jan 2011036386.504.59$1,666
Dec 2010046485.734.35$2,017
Nov 2010049880.843.80$1,890
Oct 2010048878.103.51$1,712
Sep 2010034572.633.98$1,373
Aug 2010089673.684.42$3,960
Jul 201001,15972.554.74$5,490
Jun 201001,63470.364.91$8,024
May 2010064071.124.24$2,711
Apr 201001,33881.694.12$5,516
Mar 201001,39778.394.39$6,131
Feb 2010060373.585.44$3,282
Jan 2010057374.365.96$3,417
Dec 2009039271.445.48$2,150
Nov 200911,24774.593.75$4,753
Oct 2009181,26072.544.11$6,485
Sep 2009262,35465.543.06$8,918
Aug 2009281,83567.423.22$7,794
Jul 2009391,80561.133.46$8,637
Jun 20091155,92566.163.90$30,686
May 2009291,40954.743.93$7,119
Apr 2009462,63846.773.59$11,615
Mar 20091782242.144.06$4,053
Feb 2009351,80732.814.63$9,520
Jan 2009704,88935.865.37$28,769
Dec 2008644,44337.105.98$28,931
Nov 2008403,50055.496.86$26,231
Oct 2008433,41275.246.92$26,853
Sep 2008321,846101.767.88$17,797
Aug 2008332,023114.228.48$20,930
Jul 2008402,508131.0811.39$33,808
Jun 2008271,776131.3313.03$26,692
May 2008241,568123.1711.57$21,105
Apr 2008211,207110.3110.45$14,936
Mar 2008241,453101.909.66$16,487
Feb 2008251,12692.538.77$12,189
Jan 2008251,00490.388.21$10,498
Dec 2007462,12488.337.30$19,573
Nov 2007553,18291.677.29$28,244
Oct 2007623,29582.856.92$27,945
Sep 2007682,41075.846.24$20,206
Aug 2007531,73269.066.39$14,724
Jul 2007782,70970.906.39$22,835
Jun 2007832,66062.007.55$25,225
May 2007782,58458.747.85$24,857
Apr 2007832,62159.617.81$25,405
Mar 2007882,85956.927.30$25,885
Feb 2007912,58755.108.22$26,269
Jan 2007842,81750.306.73$23,175
Dec 2006653,24856.656.92$26,153
Nov 2006603,19154.207.62$27,559
Oct 2006543,21854.906.01$22,317
Sep 2006523,05160.085.04$18,493
Aug 2006573,30768.717.34$28,190
Jul 2006482,90469.376.34$21,749
Jun 2006582,76566.286.38$21,496
May 2006573,02866.016.42$23,217
Apr 2006713,15064.397.36$27,757
Mar 2006793,08856.707.08$26,351
Feb 2006572,90957.597.75$25,831
Jan 2006733,40060.598.93$34,796
Dec 2005622,93954.9413.42$42,834
Nov 2005621,81954.6910.59$22,651
Oct 2005873,05658.3413.80$47,235
Sep 2005843,07461.4512.08$42,293
Aug 2005953,10561.519.80$36,263
Jul 2005963,25355.697.84$30,862
Jun 2005913,17752.337.38$28,212
May 2005912,71645.226.65$22,180
Apr 2005982,98849.207.36$26,815
Mar 20051052,98850.377.15$26,668
Feb 2005992,78145.226.31$22,030
Jan 20051163,12443.166.32$24,757
Dec 20041043,19939.866.75$25,742
Nov 2004153,26945.286.33$21,373
Oct 2004143,46849.706.52$23,290
Sep 2004143,51143.245.28$19,157
Aug 2004153,80842.375.55$21,772
Jul 2004153,83138.286.08$23,883
Jun 2004173,81536.106.43$25,156
May 2004204,13837.486.49$27,624
Apr 2004163,80334.475.86$22,831
Mar 2004163,56034.365.53$20,237
Feb 2004204,64232.455.51$26,225
Jan 2004215,24232.036.30$33,695
Dec 2003246,01630.266.30$38,637
Nov 2003346,12828.804.60$29,138
Oct 200316010,48528.174.76$54,412
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 20034026.675.41$107
Mar 2003643,55031.146.10$23,634
Feb 2003723,58933.487.93$30,857
Jan 2003593,36930.315.58$20,594
Dec 2002724,30926.914.85$22,852
Nov 2002814,32924.664.14$19,906
Oct 2002593,72726.464.23$17,323
Sep 2002724,83427.443.64$19,548
Aug 2002373,21925.963.16$11,146
Jul 2002433,51224.583.06$11,810
Jun 2002594,15923.733.34$15,284
May 2002673,80324.663.58$15,282
Apr 2002734,47323.653.51$17,437
Mar 2002663,91622.003.10$13,602
Feb 2002603,75818.222.38$10,021
Jan 2002634,02317.172.38$10,639
Dec 2001594,01516.932.36$10,492
Nov 2001473,64618.072.41$9,620
Oct 2001294,24019.782.53$11,296
Sep 2001334,24324.262.25$10,353
Aug 2001284,39824.873.05$14,124
Jul 2001254,10123.933.20$13,709
Jun 2001223,70824.563.82$14,720
May 2001264,24825.524.31$18,961
Apr 2001263,84024.685.34$21,129
Mar 2001283,57324.545.38$19,897
Feb 2001263,82527.755.77$22,781
Jan 2001314,52327.478.40$38,839
Dec 2000324,56626.889.12$42,514
Nov 2000325,09832.215.66$29,875
Oct 2000704,19131.235.15$23,751
Sep 2000663,99131.875.19$22,803
Aug 2000804,28329.644.54$21,819
Jul 2000825,01328.534.09$22,841
Jun 2000924,92729.304.40$24,361
May 2000985,20327.263.68$21,817
Apr 20001235,17824.513.12$19,149
Mar 2000914,91728.422.86$16,648
Feb 2000763,71627.622.73$12,231
Jan 2000894,26425.272.48$12,826
Dec 1999444,41924.282.42$11,779
Nov 1999414,47823.192.43$11,850
Oct 1999334,60120.982.80$13,592
Sep 1999364,88921.752.62$13,587
Aug 1999314,92019.262.88$14,745
Jul 1999334,61417.892.37$11,536
Jun 1999344,71715.942.36$11,684
May 1999324,59215.792.32$11,163
Apr 1999323,99315.102.21$9,300
Mar 1999414,68512.471.84$9,124
Feb 1999424,5749.981.82$8,734
Jan 1999474,71310.381.90$9,442
Dec 1998495,0359.201.77$9,379
Nov 1998444,89610.892.19$11,180
Oct 1998455,50412.421.97$11,397
Sep 1998435,58512.592.08$12,173
Aug 1998374,30411.301.91$8,627
Jul 1998525,73211.742.24$13,435
Jun 1998465,50611.242.24$12,835
May 1998515,61012.622.21$13,021
Apr 1998615,73513.042.51$15,164
Mar 1998766,03212.802.31$14,903
Feb 1998535,42013.952.30$13,201
Jan 1998484,67214.702.15$10,773
Dec 1997656,73516.322.41$17,300
Nov 1997555,60018.193.09$18,295
Oct 1997505,87219.253.15$19,458
Sep 1997545,72817.742.95$17,884
Aug 1997495,01317.862.55$13,682
Jul 1997625,52217.582.25$13,498
Jun 1997555,33317.242.26$12,986
May 1997646,44018.972.31$16,081
Apr 1997706,30917.882.08$14,392
Mar 1997696,81318.951.94$14,519
Feb 1997796,26420.492.21$15,436
Jan 1997727,04123.483.54$26,614
Dec 1996836,98723.32$1,936
Nov 1996826,93821.97$1,802
Oct 1996667,04223.31$1,538
Sep 1996666,83422.22$1,467
Aug 1996717,36720.26$1,438
Jul 1996697,37619.55$1,349
Jun 1996667,24818.73$1,236
May 1996767,52619.43$1,477
Apr 1996767,41821.51$1,635
Mar 1996797,74019.38$1,531
Feb 1996747,20416.98$1,257
Jan 1996827,85717.07$1,400
Dec 1995758,55217.19$1,289
Nov 1995748,22316.00$1,184
Oct 1995628,41615.43$957
Sep 1995728,26816.18$1,165
Aug 1995728,95115.92$1,146
Jul 1995819,42615.24$1,234
Jun 1995667,87016.41$1,083
May 1995748,83417.56$1,299
Apr 1995788,98217.73$1,383
Mar 1995879,49916.44$1,430
Feb 1995778,57416.58$1,277
Jan 1995879,44615.92$1,385
Dec 199410010,18315.03$1,503
Nov 19948410,03815.90$1,336
Oct 1994879,51315.58$1,355
Sep 19948210,49115.29$1,254
Aug 199410110,12616.13$1,629
Jul 199415013,77817.56$2,634
Jun 199420619,89617.09$3,521
May 199427021,44215.88$4,288
Apr 199425220,15614.14$3,563
Mar 199431025,13312.46$3,863
Feb 199423218,29112.50$2,900
Jan 199418614,30912.66$2,355
Dec 199317613,78012.33$2,170
Nov 199317113,42614.49$2,478
Oct 199317014,55515.85$2,695
Sep 199319916,39115.03$2,991
Aug 199316117,07115.66$2,521
Jul 199318415,44915.46$2,845
Jun 199328719,95516.79$4,819
May 199334924,25417.68$6,170
Apr 199333325,10918.05$6,011
Mar 199349730,09718.14$9,016
Feb 199316920,78217.90$3,025

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.

Jul 2015 — as filed, then multipliedworked
Condensate             6 bbl  × $ 48.15 =       $289
Gas                   27 Mcf  × $  2.95 =        $80

────────────────────────────────────────────────────
Month total                                     $368

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/144403 is the state's own key, not one this site invented.