MORGAN UNIT

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 147254District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.8 M
Oct 1993 – Sep 2024
Value, last 12 filed months
$29 k
at the published price for each month
Months reported
372
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
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 40 acres. The field rule took effect on 2011-02-08.

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 Gas111994-02-23129575
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
CondensateDisposition18,140 bbl$503,515
GasProduction1,854,063 Mcf$5,266,104
Total$5,769,620

650,234 Mcf of this lease's gas, across 38 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 32.1778, -94.2896. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.17779, -94.28961 · 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
0.0%
0 of 1 wells
Median depth
9,680 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
1100.0%
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.
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 9,680 ft.

Completions filed
Sep 2024
1 of 1 wells

1 well

42-3653281389,680 ftSep 2024Yes

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 (372)

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

372 months

Sep 2024467769.612.36$1,879
Aug 2024217275.632.06$506
Jul 20243084479.932.15$4,210
Jun 2024776078.082.63$2,548
May 2024538378.812.20$1,236
Apr 20242039384.451.66$2,341
Mar 20241932880.301.55$2,033
Feb 20242163776.091.78$2,734
Jan 20241890973.023.30$4,312
Dec 20231264471.262.61$2,536
Nov 2023542577.892.81$1,583
Oct 2023864485.443.09$2,672
Sep 2023653489.042.74$1,995
Aug 2023854780.522.67$2,106
Jul 2023632874.852.64$1,316
Jun 2023936168.962.26$1,436
May 202381,05570.622.23$2,915
Apr 2023843978.122.24$1,607
Mar 2023658672.852.39$1,839
Feb 20231072075.112.47$2,526
Jan 20231580676.533.39$3,878
Dec 20221056776.415.73$4,012
Nov 2022171,29385.005.65$8,746
Oct 2022161,75087.185.86$11,656
Sep 2022161,54984.888.16$14,004
Aug 2022151,54994.529.13$15,556
Jul 2022131,242101.587.54$10,688
Jun 2022101,101115.097.98$9,934
May 202214954109.378.43$9,576
Apr 2022191,190104.226.84$10,117
Mar 2022131,149108.885.08$7,248
Feb 2022231,05891.054.86$7,235
Jan 2022251,25281.844.54$7,727
Dec 2021341,31671.323.90$7,556
Nov 2021291,40577.435.24$9,603
Oct 2021251,39479.795.71$9,960
Sep 2021291,44969.865.35$9,779
Aug 2021261,43366.024.22$7,765
Jul 2021291,42270.783.98$7,715
Jun 2021271,45069.493.38$6,778
May 2021261,53963.483.02$6,295
Apr 2021261,43960.362.76$5,539
Mar 2021251,51861.302.72$5,657
Feb 2021121,08757.805.55$6,724
Jan 2021251,80950.412.81$6,344
Dec 2020251,83744.642.68$6,031
Nov 2020251,86738.772.71$6,022
Oct 2020131,79836.972.48$4,937
Sep 202011,63637.091.99$3,294
Aug 202011,29239.982.39$3,122
Jul 202011,45938.371.83$2,701
Jun 202011,82234.901.69$3,115
May 202011,81216.921.81$3,305
Apr 202011,72214.751.80$3,122
Mar 202011,77530.341.86$3,325
Feb 202011,71849.881.98$3,453
Jan 202011,82357.252.09$3,876
Dec 201911,57759.012.30$3,693
Nov 201911,48555.302.75$4,140
Oct 201931,58453.472.42$3,991
Sep 201961,75255.052.66$4,986
Aug 201981,98853.112.30$5,006
Jul 201961,90256.272.46$5,017
Jun 201961,78652.782.49$4,766
May 201981,76858.482.74$5,313
Apr 2019101,89962.632.75$5,850
Mar 201951,91656.803.06$6,151
Feb 201971,03650.852.79$3,249
Jan 2019171,89446.033.23$6,897
Dec 2018261,39946.594.19$7,067
Nov 2018141,90952.934.24$8,830
Oct 2018101,79061.443.40$6,697
Sep 201891,82359.543.11$6,202
Aug 2018101,84859.403.07$6,261
Jul 201861,88165.142.93$5,906
Jun 201841,82460.183.08$5,853
May 2018121,99765.382.90$6,577
Apr 2018141,39063.842.90$4,926
Mar 2018151,64161.222.79$5,492
Feb 2018201,51661.782.77$5,429
Jan 2018181,67262.874.01$7,835
Dec 2017201,83257.272.92$6,498
Nov 2017172,10155.423.12$7,494
Oct 2017191,51449.292.98$5,454
Sep 2017301,93947.523.09$7,412
Aug 2017281,60845.373.00$6,101
Jul 2017291,89843.873.09$7,132
Jun 2017352,03642.493.09$7,773
May 2017352,17545.373.26$8,686
Apr 2017331,94747.933.21$7,835
Mar 2017342,12446.772.98$7,928
Feb 2017401,92050.452.95$7,687
Jan 2017261,67349.413.42$7,004
Dec 2016381,79348.763.72$8,528
Nov 2016323942.492.64$1,463
Oct 2016402,04446.193.09$8,164
Sep 2016341,97641.553.10$7,540
Aug 2016422,07741.442.92$7,814
Jul 2016272,01841.622.92$7,025
Jun 2016302,08945.352.69$6,971
May 2016292,23342.521.99$5,679
Apr 2016302,15036.561.99$5,378
Mar 2016242,29733.011.79$4,913
Feb 2016392,14926.472.06$5,467
Jan 2016252,18827.352.36$5,857
Dec 2015302,33032.362.00$5,634
Nov 2015292,28338.792.17$6,073
Oct 2015292,14343.552.43$6,463
Sep 2015242,23642.992.76$7,200
Aug 2015292,42740.162.87$8,136
Jul 2015292,29348.152.95$8,149
Jun 2015292,17756.152.88$7,904
May 2015342,19355.212.96$8,358
Apr 2015342,17249.822.71$7,573
Mar 2015341,95542.892.93$7,196
Feb 2015142,16844.662.98$7,078
Jan 201562,30543.433.10$7,408
Dec 201462,19954.693.59$8,226
Nov 201452,47770.464.25$10,884
Oct 201462,54178.303.90$10,382
Sep 201462,61786.164.05$11,104
Aug 201463,02289.394.04$12,730
Jul 201462,99196.564.18$13,081
Jun 201473,02898.164.74$15,030
May 201473,15394.734.73$15,566
Apr 201473,12195.944.81$15,681
Mar 201463,19195.895.06$16,712
Feb 201462,41497.406.19$15,532
Jan 201472,95090.404.86$14,972
Dec 201362,71791.824.35$12,382
Nov 201352,23688.853.74$8,803
Oct 201372,63697.423.78$10,644
Sep 201362,850104.113.72$11,220
Aug 201353,197104.253.52$11,783
Jul 201333,326102.523.72$12,673
Jun 201342,26994.403.93$9,303
May 201353,13294.834.15$13,469
Apr 201372,77393.964.28$12,533
Mar 2013122,92393.623.91$12,561
Feb 2013222,90491.233.42$11,938
Jan 2013683,17891.603.42$17,097
Dec 20121583,51386.773.42$25,725
Nov 2012181,46686.953.62$6,879
Oct 201291,13989.383.40$4,677
Sep 201251,44794.672.92$4,696
Aug 2012489692.662.91$2,976
Jul 201271,19385.133.02$4,200
Jun 201251,42479.822.52$3,986
May 201251,65591.612.49$4,576
Apr 201271,873101.652.00$4,452
Mar 2012112,137105.052.22$5,904
Feb 2012112,448101.102.57$7,404
Jan 2012112,57398.092.73$8,114
Dec 2011102,51396.873.24$9,110
Nov 201172,51195.723.31$8,985
Oct 201192,69484.983.65$10,594
Sep 201161,78483.623.99$7,612
Aug 201172,17583.404.15$9,609
Jul 201172,38194.144.52$11,415
Jun 201162,45392.904.64$11,939
May 2011112,59798.134.40$12,519
Apr 201192,619105.964.33$12,303
Mar 201162,64396.364.06$11,302
Feb 201182,44885.644.18$10,918
Jan 201152,68886.504.59$12,767
Dec 201031,36685.734.35$6,196
Nov 201051,93280.843.80$7,737
Oct 201062,17378.103.51$8,093
Sep 201032,55472.633.98$10,381
Aug 201062,55773.684.42$11,742
Jul 201052,87672.554.74$13,985
Jun 201031,61570.364.91$8,141
May 201062,45471.124.24$10,820
Apr 2010112,70581.694.12$12,050
Mar 201073,37578.394.39$15,360
Feb 201052,80173.585.44$15,612
Jan 201043,75874.365.96$22,710
Dec 200953,76671.445.48$21,009
Nov 200933,57974.593.75$13,650
Oct 200943,75172.544.11$15,708
Sep 200973,58365.543.06$11,440
Aug 2009153,51667.423.22$12,328
Jul 2009164,01661.133.46$14,892
Jun 2009143,72966.163.90$15,451
May 2009113,50054.743.93$14,342
Apr 2009113,63146.773.59$13,541
Mar 2009194,14842.144.06$17,637
Feb 200981,50032.814.63$7,212
Jan 2009144,56335.865.37$25,010
Dec 2008144,52337.105.98$27,554
Nov 2008144,35855.496.86$30,674
Oct 2008144,78675.246.92$34,182
Sep 200863,643101.767.88$29,307
Aug 2008164,646114.228.48$41,240
Jul 2008134,553131.0811.39$53,560
Jun 2008134,359131.3313.03$58,517
May 2008134,470123.1711.57$53,338
Apr 2008204,436110.3110.45$48,584
Mar 2008134,678101.909.66$46,533
Feb 2008174,31692.538.77$39,427
Jan 2008114,50490.388.21$37,953
Dec 2007114,38988.337.30$33,020
Nov 2007124,50791.677.29$33,964
Oct 2007124,60982.856.92$32,898
Sep 2007144,21275.846.24$27,362
Aug 2007113,68869.066.39$24,318
Jul 2007134,23170.906.39$27,949
Jun 2007144,34062.007.55$33,628
May 2007133,88958.747.85$31,278
Apr 2007194,30359.617.81$34,718
Mar 2007176,63756.927.30$49,431
Feb 20070055.108.22$0
Jan 20072050.306.73$101
Dec 2006102,85256.656.92$20,298
Nov 2006204,44854.207.62$34,967
Oct 2006284,75654.906.01$30,139
Sep 2006304,66460.085.04$25,296
Aug 2006304,64068.717.34$36,119
Jul 2006294,60469.376.34$31,214
Jun 2006344,41266.286.38$30,419
May 2006414,58966.016.42$32,191
Apr 2006204,65864.397.36$35,573
Mar 2006224,77856.707.08$35,090
Feb 2006204,29057.597.75$34,404
Jan 2006253,95560.598.93$36,846
Dec 2005304,21054.9413.42$58,127
Nov 2005354,80454.6910.59$52,781
Oct 2005385,61358.3413.80$79,653
Sep 2005173,76561.4512.08$46,522
Aug 2005184,90161.519.80$49,121
Jul 2005134,72255.697.84$37,762
Jun 2005194,25652.337.38$32,408
May 2005174,44445.226.65$30,327
Apr 2005284,19749.207.36$32,270
Mar 2005234,48050.377.15$33,212
Feb 2005193,31245.226.31$21,764
Jan 2005334,56043.166.32$30,254
Dec 2004484,83539.866.75$34,555
Nov 2004283,84345.286.33$25,596
Oct 2004223,10149.706.52$21,297
Sep 2004254,84143.245.28$26,660
Aug 2004393,92142.375.55$23,417
Jul 2004255,38938.286.08$33,745
Jun 2004264,47336.106.43$29,714
May 2004284,66037.486.49$31,314
Apr 2004334,77034.475.86$29,082
Mar 2004384,65234.365.53$27,032
Feb 2004853,69332.455.51$23,105
Jan 2004484,24832.036.30$28,298
Dec 2003644,09530.266.30$27,742
Nov 2003673,71728.804.60$19,010
Oct 2003564,39528.174.76$22,496
Sep 2003326,43826.314.75$31,418
Aug 2003195,96329.765.13$31,154
Jul 2003396,03129.415.17$32,332
Jun 2003196,26628.565.98$38,032
May 2003307,20326.595.97$43,819
Apr 2003326,20226.675.41$34,389
Mar 2003576,17431.146.10$39,412
Feb 2003336,05833.487.93$49,120
Jan 2003485,59530.315.58$32,686
Dec 2002535,32826.914.85$27,287
Nov 2002425,31024.664.14$23,003
Oct 2002485,39926.464.23$24,103
Sep 2002535,14727.443.64$20,165
Aug 2002645,41925.963.16$18,808
Jul 2002375,75924.583.06$18,542
Jun 2002534,60823.733.34$16,640
May 2002435,76024.663.58$21,704
Apr 2002655,61523.653.51$21,259
Mar 2002975,87522.003.10$20,362
Feb 2002835,49018.222.38$14,555
Jan 20021606,02017.172.38$17,049
Dec 20011296,01916.932.36$16,415
Nov 2001905,85118.072.41$15,701
Oct 2001696,34719.782.53$17,416
Sep 2001375,40624.262.25$13,068
Aug 2001455,94224.873.05$19,261
Jul 2001347,42023.933.20$24,536
Jun 2001326,16024.563.82$24,343
May 2001456,97825.524.31$31,205
Apr 2001495,61324.685.34$31,156
Mar 2001676,52124.545.38$36,704
Feb 2001325,93827.755.77$35,133
Jan 2001566,72727.478.40$58,037
Dec 2000466,75626.889.12$62,868
Nov 2000506,75432.215.66$39,825
Oct 2000406,98131.235.15$37,170
Sep 2000286,85431.875.19$36,441
Aug 2000306,44129.644.54$30,136
Jul 2000345,68228.534.09$24,208
Jun 2000355,11229.304.40$23,504
May 2000554,67627.263.68$18,706
Apr 2000765,63224.513.12$19,412
Mar 2000716,70828.422.86$21,201
Feb 2000557,36727.622.73$21,605
Jan 2000547,94525.272.48$21,072
Dec 1999697,83524.282.42$20,665
Nov 1999547,68523.192.43$19,957
Oct 1999547,46120.982.80$22,051
Sep 1999337,89621.752.62$21,396
Aug 1999628,18919.262.88$24,742
Jul 1999508,36317.892.37$20,735
Jun 19991437,53815.942.36$20,085
May 19991387,90615.792.32$20,529
Apr 1999967,66215.102.21$18,368
Mar 19991386,74312.471.84$14,117
Feb 1999845,8319.981.82$11,438
Jan 1999477,59010.381.90$14,908
Dec 19981118,2799.201.77$15,703
Nov 1998868,17510.892.19$18,805
Oct 19981018,12512.421.97$17,254
Sep 19981017,89712.592.08$17,718
Aug 199807,51811.301.91$14,339
Jul 1998997,76211.742.24$18,528
Jun 199807,69811.242.24$17,223
May 19981037,88412.622.21$18,695
Apr 19981038,28513.042.51$22,100
Mar 19981008,44712.802.31$20,788
Feb 199807,42313.952.30$17,066
Jan 19981118,89614.702.15$20,801
Dec 19971078,84616.322.41$23,075
Nov 19971304,64618.193.09$16,713
Oct 1997010,85519.253.15$34,191
Sep 19971128,19317.742.95$26,196
Aug 199708,67617.862.55$22,165
Jul 19971058,33417.582.25$20,572
Jun 199708,25117.242.26$18,624
May 19971109,05118.972.31$22,981
Apr 19971118,48417.882.08$19,655
Mar 19971088,85318.951.94$19,214
Feb 19971178,81920.492.21$21,851
Jan 199711410,61323.483.54$40,244
Dec 199611510,29923.32$2,682
Nov 199611511,43521.97$2,527
Oct 199611811,51823.31$2,751
Sep 199611111,74422.22$2,466
Aug 1996012,76520.26$0
Jul 199611512,91419.55$2,248
Jun 199610913,33618.73$2,042
May 199622615,02819.43$4,391
Apr 199611313,30121.51$2,431
Mar 199620610,47719.38$3,992
Feb 19968310,04216.98$1,409
Jan 19961488,72717.07$2,526
Dec 1995656,89717.19$1,117
Nov 19951456,54116.00$2,320
Oct 19951737,95915.43$2,669
Sep 19951109,11316.18$1,780
Aug 199522211,75415.92$3,534
Jul 199525012,66815.24$3,810
Jun 199513113,03716.41$2,150
May 199514114,17917.56$2,476
Apr 199527914,29417.73$4,947
Mar 199526114,97916.44$4,291
Feb 199527513,71216.58$4,560
Jan 199516116,42015.92$2,563
Dec 199431316,40015.03$4,704
Nov 199415316,55615.90$2,433
Oct 199430317,63515.58$4,721
Sep 199415817,62115.29$2,416
Aug 199414818,60116.13$2,387
Jul 199429920,84917.56$5,250
Jun 199413619,89017.09$2,324
May 199429423,08915.88$4,669
Apr 199427523,34614.14$3,889
Mar 199429627,59912.46$3,688
Feb 199449028,03512.50$6,125
Jan 199464338,57212.66$8,140
Dec 199366748,09412.33$8,224
Nov 199364350,80814.49$9,317
Oct 19930015.85$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.

Sep 2024 — as filed, then multipliedworked
Condensate             4 bbl  × $ 69.61 =       $278
Gas                  677 Mcf  × $  2.36 =     $1,601

────────────────────────────────────────────────────
Month total                                   $1,879

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/147254 is the state's own key, not one this site invented.