MORGAN UNIT

Name: MORGAN UNIT lease production and value, Apr 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) 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 154512District 06Field 160321742 tax incentive programmesCondensateGasSave Export

Value, all time

$1.8 M

Apr 1995 – Aug 2015

Value, last 12 filed months

at the published price for each month

Months reported

245

no gaps in the span

Streams

condensate, gas

The CARTHAGE (COTTON VALLEY) field

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1995-08-23	132106
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	3,266 bbl	$131,134
Gas	Production	716,358 Mcf	$1,650,321
Total			$1,781,455

270,131 Mcf of this lease's gas, across 21 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 32.1822, -94.2851. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.18215, -94.28508 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

9,680 ft

1 wells filed one

Completion to plug

18.2 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 9,680 ft.

Completions filed

Jun 1997

1 of 1 wells

Plug dates filed

Aug 2015

1 of 1 wells

Last completion to plug: a median of 18.2 years across the 1 well that filed both dates, with the middle half between 18.2 years and 18.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-36533056	10	9,680 ft	Jun 1997	Aug 2015	Yes

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 (245)

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

245 months


Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	1,165	86.77	3.42	$3,984
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	13	0	89.38	3.40	$1,162
Sep 2012	7	357	94.67	2.92	$1,705
Aug 2012	7	292	92.66	2.91	$1,498
Jul 2012	20	216	85.13	3.02	$2,355
Jun 2012	13	309	79.82	2.52	$1,816
May 2012	21	221	91.61	2.49	$2,474
Apr 2012	26	147	101.65	2.00	$2,936
Mar 2012	16	425	105.05	2.22	$2,625
Feb 2012	7	12	101.10	2.57	$739
Jan 2012	16	221	98.09	2.73	$2,174
Dec 2011	23	225	96.87	3.24	$2,957
Nov 2011	12	381	95.72	3.31	$2,410
Oct 2011	15	191	84.98	3.65	$1,972
Sep 2011	10	209	83.62	3.99	$1,669
Aug 2011	11	215	83.40	4.15	$1,810
Jul 2011	15	230	94.14	4.52	$2,451
Jun 2011	16	218	92.90	4.64	$2,498
May 2011	17	419	98.13	4.40	$3,514
Apr 2011	8	49	105.96	4.33	$1,060
Mar 2011	9	468	96.36	4.06	$2,766
Feb 2011	3	0	85.64	4.18	$257
Jan 2011	16	241	86.50	4.59	$2,490
Dec 2010	14	269	85.73	4.35	$2,370
Nov 2010	20	304	80.84	3.80	$2,771
Oct 2010	18	334	78.10	3.51	$2,578
Sep 2010	6	308	72.63	3.98	$1,661
Aug 2010	12	343	73.68	4.42	$2,400
Jul 2010	13	368	72.55	4.74	$2,686
Jun 2010	6	327	70.36	4.91	$2,028
May 2010	6	0	71.12	4.24	$427
Apr 2010	29	473	81.69	4.12	$4,319
Mar 2010	8	288	78.39	4.39	$1,891
Feb 2010	14	209	73.58	5.44	$2,168
Jan 2010	20	389	74.36	5.96	$3,807
Dec 2009	26	368	71.44	5.48	$3,875
Nov 2009	14	381	74.59	3.75	$2,474
Oct 2009	20	436	72.54	4.11	$3,243
Sep 2009	34	338	65.54	3.06	$3,264
Aug 2009	26	444	67.42	3.22	$3,182
Jul 2009	12	70	61.13	3.46	$976
Jun 2009	11	372	66.16	3.90	$2,177
May 2009	10	184	54.74	3.93	$1,270
Apr 2009	14	368	46.77	3.59	$1,975
Mar 2009	13	565	42.14	4.06	$2,841
Feb 2009	6	194	32.81	4.63	$1,096
Jan 2009	8	389	35.86	5.37	$2,376
Dec 2008	8	391	37.10	5.98	$2,634
Nov 2008	7	520	55.49	6.86	$3,956
Oct 2008	4	157	75.24	6.92	$1,388
Sep 2008	5	327	101.76	7.88	$3,085
Aug 2008	12	363	114.22	8.48	$4,450
Jul 2008	6	211	131.08	11.39	$3,190
Jun 2008	8	333	131.33	13.03	$5,391
May 2008	9	344	123.17	11.57	$5,090
Apr 2008	14	393	110.31	10.45	$5,653
Mar 2008	9	318	101.90	9.66	$3,990
Feb 2008	11	324	92.53	8.77	$3,860
Jan 2008	13	667	90.38	8.21	$6,648
Dec 2007	5	0	88.33	7.30	$442
Nov 2007	14	546	91.67	7.29	$5,265
Oct 2007	5	169	82.85	6.92	$1,584
Sep 2007	7	432	75.84	6.24	$3,228
Aug 2007	6	318	69.06	6.39	$2,446
Jul 2007	9	443	70.90	6.39	$3,468
Jun 2007	8	410	62.00	7.55	$3,591
May 2007	6	351	58.74	7.85	$3,106
Apr 2007	11	386	59.61	7.81	$3,669
Mar 2007	24	372	56.92	7.30	$4,082
Feb 2007	19	339	55.10	8.22	$3,832
Jan 2007	30	436	50.30	6.73	$4,442
Dec 2006	36	426	56.65	6.92	$4,987
Nov 2006	17	400	54.20	7.62	$3,968
Oct 2006	0	484	54.90	6.01	$2,911
Sep 2006	0	277	60.08	5.04	$1,395
Aug 2006	0	405	68.71	7.34	$2,973
Jul 2006	0	481	69.37	6.34	$3,051
Jun 2006	0	376	66.28	6.38	$2,400
May 2006	0	501	66.01	6.42	$3,219
Apr 2006	0	183	64.39	7.36	$1,347
Mar 2006	0	497	56.70	7.08	$3,520
Feb 2006	0	326	57.59	7.75	$2,527
Jan 2006	0	409	60.59	8.93	$3,654
Dec 2005	0	179	54.94	13.42	$2,401
Nov 2005	0	466	54.69	10.59	$4,934
Oct 2005	0	477	58.34	13.80	$6,581
Sep 2005	0	332	61.45	12.08	$4,010
Aug 2005	0	469	61.51	9.80	$4,595
Jul 2005	0	370	55.69	7.84	$2,902
Jun 2005	0	150	52.33	7.38	$1,107
May 2005	0	218	45.22	6.65	$1,450
Apr 2005	0	296	49.20	7.36	$2,179
Mar 2005	0	365	50.37	7.15	$2,612
Feb 2005	2	396	45.22	6.31	$2,590
Jan 2005	4	564	43.16	6.32	$3,738
Dec 2004	2	371	39.86	6.75	$2,584
Nov 2004	1	0	45.28	6.33	$45
Oct 2004	2	348	49.70	6.52	$2,367
Sep 2004	3	388	43.24	5.28	$2,180
Aug 2004	4	220	42.37	5.55	$1,391
Jul 2004	2	284	38.28	6.08	$1,804
Jun 2004	2	303	36.10	6.43	$2,021
May 2004	2	194	37.48	6.49	$1,335
Apr 2004	1	129	34.47	5.86	$790
Mar 2004	4	0	34.36	5.53	$137
Feb 2004	31	1,614	32.45	5.51	$9,898
Jan 2004	25	4,079	32.03	6.30	$26,497
Dec 2003	45	5,224	30.26	6.30	$34,281
Nov 2003	37	5,268	28.80	4.60	$25,273
Oct 2003	29	4,643	28.17	4.76	$22,916
Sep 2003	25	2,888	26.31	4.75	$14,374
Aug 2003	15	2,606	29.76	5.13	$13,814
Jul 2003	20	2,233	29.41	5.17	$12,135
Jun 2003	14	1,566	28.56	5.98	$9,769
May 2003	25	2,936	26.59	5.97	$18,201
Apr 2003	21	4,775	26.67	5.41	$26,380
Mar 2003	35	5,024	31.14	6.10	$31,716
Feb 2003	21	4,128	33.48	7.93	$33,421
Jan 2003	30	4,347	30.31	5.58	$25,174
Dec 2002	38	4,590	26.91	4.85	$23,301
Nov 2002	30	3,769	24.66	4.14	$16,332
Oct 2002	38	4,520	26.46	4.23	$20,121
Sep 2002	40	3,905	27.44	3.64	$15,293
Aug 2002	49	4,505	25.96	3.16	$15,527
Jul 2002	30	7,464	24.58	3.06	$23,590
Jun 2002	45	4,369	23.73	3.34	$15,653
May 2002	33	5,386	24.66	3.58	$20,117
Apr 2002	49	5,532	23.65	3.51	$20,589
Mar 2002	37	5,466	22.00	3.10	$17,773
Feb 2002	14	2,799	18.22	2.38	$6,905
Jan 2002	32	5,251	17.17	2.38	$13,024
Dec 2001	22	4,415	16.93	2.36	$10,811
Nov 2001	15	3,894	18.07	2.41	$9,638
Oct 2001	12	5,136	19.78	2.53	$13,226
Sep 2001	15	4,216	24.26	2.25	$9,855
Aug 2001	57	3,252	24.87	3.05	$11,346
Jul 2001	47	3,360	23.93	3.20	$11,867
Jun 2001	42	5,647	24.56	3.82	$22,627
May 2001	57	4,301	25.52	4.31	$19,980
Apr 2001	67	5,417	24.68	5.34	$30,555
Mar 2001	94	5,739	24.54	5.38	$33,162
Feb 2001	44	4,617	27.75	5.77	$27,848
Jan 2001	71	5,210	27.47	8.40	$45,708
Dec 2000	23	5,343	26.88	9.12	$49,360
Nov 2000	24	5,115	32.21	5.66	$29,714
Oct 2000	19	5,405	31.23	5.15	$28,405
Sep 2000	13	5,285	31.87	5.19	$27,825
Aug 2000	15	4,526	29.64	4.54	$20,996
Jul 2000	17	4,282	28.53	4.09	$17,997
Jun 2000	18	3,813	29.30	4.40	$17,294
May 2000	29	3,855	27.26	3.68	$14,976
Apr 2000	49	5,338	24.51	3.12	$17,834
Mar 2000	52	4,928	28.42	2.86	$15,571
Feb 2000	41	4,932	27.62	2.73	$14,580
Jan 2000	35	5,461	25.27	2.48	$14,430
Dec 1999	35	5,485	24.28	2.42	$14,144
Nov 1999	27	5,481	23.19	2.43	$13,967
Oct 1999	27	5,993	20.98	2.80	$17,369
Sep 1999	16	5,831	21.75	2.62	$15,619
Aug 1999	31	5,372	19.26	2.88	$16,045
Jul 1999	23	5,462	17.89	2.37	$13,369
Jun 1999	48	5,027	15.94	2.36	$12,639
May 1999	46	5,201	15.79	2.32	$12,798
Apr 1999	32	5,266	15.10	2.21	$12,111
Mar 1999	58	5,783	12.47	1.84	$11,354
Feb 1999	23	3,638	9.98	1.82	$6,843
Jan 1999	46	3,350	10.38	1.90	$6,842
Dec 1998	0	2,112	9.20	1.77	$3,745
Nov 1998	1	2,088	10.89	2.19	$4,575
Oct 1998	1	2,089	12.42	1.97	$4,126
Sep 1998	0	1,728	12.59	2.08	$3,599
Aug 1998	2	6,149	11.30	1.91	$11,751
Jul 1998	0	6,393	11.74	2.24	$14,303
Jun 1998	2	5,345	11.24	2.24	$11,981
May 1998	1	5,476	12.62	2.21	$12,095
Apr 1998	1	6,364	13.04	2.51	$15,957
Mar 1998	4	6,411	12.80	2.31	$14,857
Feb 1998	2	5,790	13.95	2.30	$13,340
Jan 1998	3	6,293	14.70	2.15	$13,604
Dec 1997	1	7,657	16.32	2.41	$18,478
Nov 1997	3	6,435	18.19	3.09	$19,928
Oct 1997	3	7,319	19.25	3.15	$23,111
Sep 1997	1	7,016	17.74	2.95	$20,749
Aug 1997	3	7,550	17.86	2.55	$19,342
Jul 1997	1	7,462	17.58	2.25	$16,784
Jun 1997	0	2,378	17.24	2.26	$5,368
May 1997	5	136	18.97	2.31	$409
Apr 1997	2	6,657	17.88	2.08	$13,901
Mar 1997	2	6,209	18.95	1.94	$12,078
Feb 1997	3	5,971	20.49	2.21	$13,233
Jan 1997	6	7,170	23.48	3.54	$25,521
Dec 1996	3	6,515	23.32	—	$70
Nov 1996	7	6,956	21.97	—	$154
Oct 1996	4	7,822	23.31	—	$93
Sep 1996	7	8,672	22.22	—	$156
Aug 1996	12	8,262	20.26	—	$243
Jul 1996	4	9,323	19.55	—	$78
Jun 1996	12	9,684	18.73	—	$225
May 1996	11	11,408	19.43	—	$214
Apr 1996	12	10,915	21.51	—	$258
Mar 1996	17	11,360	19.38	—	$329
Feb 1996	17	11,596	16.98	—	$289
Jan 1996	11	13,417	17.07	—	$188
Dec 1995	1	13,063	17.19	—	$17
Nov 1995	1	12,475	16.00	—	$16
Oct 1995	2	13,831	15.43	—	$31
Sep 1995	1	13,913	16.18	—	$16
Aug 1995	1	16,979	15.92	—	$16
Jul 1995	2	19,143	15.24	—	$30
Jun 1995	2	23,022	16.41	—	$33
May 1995	1	30,660	17.56	—	$18
Apr 1995	0	11,115	17.73	—	$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.

Dec 2012 — as filed, then multipliedworked

Condensate             0 bbl  × $ 86.77 =         $0
Gas                1,165 Mcf  × $  3.42 =     $3,984

────────────────────────────────────────────────────
Month total                                   $3,984

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/154512 is the state's own key, not one this site invented.