ARMSTRONG, IONA FAYE 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 154931District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
May 1995 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
373
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 Gas111995-08-23132349
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
CondensateDisposition4,346 bbl$137,501
GasProduction1,122,574 Mcf$3,692,127
Total$3,829,628

250,316 Mcf of this lease's gas, across 20 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 32.2357, -94.8429. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23571, -94.84294 · 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
10,985 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 10,985 ft.

Completions filed
May 1995
1 of 1 wells

1 well

42-40132580310,985 ftMay 1995

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 (373)

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

373 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
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 2019171859.012.30$1,045
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 2019254352.782.49$1,458
May 20194058.482.74$234
Apr 20190062.632.75$0
Mar 201901056.803.06$31
Feb 20190250.852.79$6
Jan 2019073046.033.23$2,357
Dec 20181732246.594.19$2,140
Nov 201801,55052.934.24$6,568
Oct 201812,56361.443.40$8,771
Sep 201801,30359.543.11$4,050
Aug 201801,13859.403.07$3,490
Jul 201801,33265.142.93$3,905
Jun 2018152,63460.183.08$9,007
May 201802,10665.382.90$6,109
Apr 201801,34063.842.90$3,887
Mar 2018151,37261.222.79$4,742
Feb 201801,41561.782.77$3,914
Jan 201801,48462.874.01$5,950
Dec 2017161,88757.272.92$6,429
Nov 201701,58255.423.12$4,933
Oct 201701,99849.292.98$5,961
Sep 2017111,81747.523.09$6,132
Aug 201701,24645.373.00$3,743
Jul 201701,94243.873.09$5,996
Jun 201702,07142.493.09$6,394
May 2017112,01845.373.26$7,085
Apr 201701,92847.933.21$6,192
Mar 201702,29446.772.98$6,845
Feb 2017101,97750.452.95$6,342
Jan 201702,23749.413.42$7,648
Dec 201602,35148.763.72$8,752
Nov 2016112,02142.492.64$5,812
Oct 201602,10746.193.09$6,511
Sep 201602,14741.553.10$6,657
Aug 2016102,05741.442.92$6,430
Jul 201602,18741.622.92$6,396
Jun 201602,27945.352.69$6,121
May 201652,61842.521.99$5,425
Apr 201602,37136.561.99$4,721
Mar 201602,33133.011.79$4,182
Feb 201602,66126.472.06$5,491
Jan 201612,40027.352.36$5,702
Dec 201501,91032.362.00$3,823
Nov 201502,12238.792.17$4,599
Oct 201502,42343.552.43$5,880
Sep 201503,07242.992.76$8,474
Aug 201501,38040.162.87$3,964
Jul 201522,50248.152.95$7,465
Jun 2015039856.152.88$1,147
May 201502,04655.212.96$6,047
Apr 2015102,41049.822.71$7,021
Mar 201503,25642.892.93$9,555
Feb 201582,97644.662.98$9,214
Jan 2015153,19743.433.10$10,564
Dec 201403,43054.693.59$12,318
Nov 201463,30070.464.25$14,454
Oct 201423,11178.303.90$12,292
Sep 2014041886.164.05$1,691
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 201401,30098.164.74$6,158
May 201401,90094.734.73$8,980
Apr 2014151,77795.944.81$9,985
Mar 201401,94295.895.06$9,820
Feb 2014101,88897.406.19$12,665
Jan 201491,84090.404.86$9,757
Dec 201301,79291.824.35$7,803
Nov 201302,07288.853.74$7,746
Oct 201302,07997.423.78$7,857
Sep 201391,046104.113.72$4,826
Aug 201302,762104.253.52$9,729
Jul 201302,912102.523.72$10,826
Jun 2013123,26594.403.93$13,975
May 201303,27494.834.15$13,584
Apr 201303,39793.964.28$14,548
Mar 2013381,76893.623.91$10,476
Feb 201302,47791.233.42$8,471
Jan 201303,34591.603.42$11,440
Dec 201202,37386.773.42$8,116
Nov 2012342,32386.953.62$11,377
Oct 201202,79089.383.40$9,485
Sep 2012322,76794.672.92$11,105
Aug 201204,03492.662.91$11,732
Jul 201203,47685.133.02$10,500
Jun 20120079.822.52$0
May 2012211,93691.612.49$6,741
Apr 201203,986101.652.00$7,959
Mar 201203,986105.052.22$8,857
Feb 2012244,675101.102.57$14,442
Jan 201204,15998.092.73$11,371
Dec 201105,39596.873.24$17,478
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20106072.633.98$436
Aug 2010067973.684.42$3,001
Jul 201001,54172.554.74$7,299
Jun 201071,57570.364.91$8,226
May 201001,54271.124.24$6,531
Apr 201001,63881.694.12$6,753
Mar 2010111,87478.394.39$9,087
Feb 201002,44773.585.44$13,317
Jan 201002,60774.365.96$15,548
Dec 200901,64571.445.48$9,021
Nov 200901,69574.593.75$6,359
Oct 200901,76672.544.11$7,259
Sep 200901,94165.543.06$5,949
Aug 200902,37267.423.22$7,634
Jul 200902,87361.133.46$9,954
Jun 200901,44766.163.90$5,636
May 2009211,83254.743.93$8,342
Apr 200901,76846.773.59$6,343
Mar 2009152,77842.144.06$11,908
Feb 200901,52132.814.63$7,047
Jan 2009121,77035.865.37$9,937
Dec 20082280837.105.98$5,646
Nov 200813,31255.496.86$22,777
Oct 200823,14875.246.92$21,941
Sep 20082979101.767.88$7,915
Aug 200821,839114.228.48$15,829
Jul 2008293,400131.0811.39$42,525
Jun 200823,209131.3313.03$42,084
May 2008231,442123.1711.57$19,523
Apr 2008103,124110.3110.45$33,764
Mar 200812,118101.909.66$20,570
Feb 200892,61492.538.77$23,759
Jan 200893,20890.388.21$27,137
Dec 200783,13788.337.30$23,613
Nov 2007462,97691.677.29$25,917
Oct 2007102,86182.856.92$20,632
Sep 200702,82875.846.24$17,658
Aug 2007363,36969.066.39$24,007
Jul 200723,57170.906.39$22,953
Jun 2007153,08262.007.55$24,194
May 200713,19258.747.85$25,104
Apr 2007163,13859.617.81$25,446
Mar 200723,59756.927.30$26,379
Feb 2007133,34855.108.22$28,223
Jan 2007133,81550.306.73$26,317
Dec 2006123,29056.656.92$23,441
Nov 200603,88854.207.62$29,617
Oct 200603,99354.906.01$24,013
Sep 2006283,86560.085.04$21,151
Aug 2006174,14668.717.34$31,599
Jul 2006184,02469.376.34$26,772
Jun 2006224,03066.286.38$27,185
May 200614,92766.016.42$31,722
Apr 2006194,77264.397.36$36,348
Mar 2006125,72756.707.08$41,244
Feb 2006133,03457.597.75$24,266
Jan 2006163,24260.598.93$29,931
Dec 200592,78754.9413.42$37,883
Nov 200592,21154.6910.59$23,903
Oct 200562,69358.3413.80$37,502
Sep 200572,15861.4512.08$26,497
Aug 2005112,44361.519.80$24,610
Jul 2005173,84855.697.84$31,129
Jun 200543,18052.337.38$23,681
May 2005101,38245.226.65$9,644
Apr 2005161,90149.207.36$14,779
Mar 2005103,31450.377.15$24,215
Feb 2005164,34945.226.31$28,174
Jan 200513,43143.166.32$21,735
Dec 200410839.866.75$453
Nov 200422,77645.286.33$17,664
Oct 200481,36649.706.52$9,297
Sep 2004152,41743.245.28$13,420
Aug 2004183,98142.375.55$22,860
Jul 2004174,12838.286.08$25,766
Jun 2004274,02136.106.43$26,842
May 2004134,45837.486.49$29,440
Apr 2004342,79634.475.86$17,552
Mar 2004194,08134.365.53$23,221
Feb 2004204,09132.455.51$23,189
Jan 2004134,93632.036.30$31,511
Dec 2003173,10330.266.30$20,068
Nov 2003213,64328.804.60$17,345
Oct 200304,10628.174.76$19,543
Sep 2003174,63926.314.75$22,480
Aug 200345,50929.765.13$28,379
Jul 200322,00629.415.17$10,432
Jun 20031698528.565.98$6,350
May 200383,66626.595.97$22,109
Apr 2003213,64026.675.41$20,243
Mar 200394,42231.146.10$27,237
Feb 2003193,48833.487.93$28,282
Jan 2003164,11230.315.58$23,438
Dec 2002173,87426.914.85$19,261
Nov 2002214,01224.664.14$17,115
Oct 2002194,03126.464.23$17,550
Sep 200296,95627.443.64$25,533
Aug 2002243,99025.963.16$13,248
Jul 2002114,10324.583.06$12,833
Jun 2002244,33323.733.34$15,034
May 2002284,64824.663.58$17,349
Apr 200294,30523.653.51$15,333
Mar 2002114,52922.003.10$14,294
Feb 200263,97418.222.38$9,550
Jan 2002104,57717.172.38$11,045
Dec 200184,63816.932.36$11,102
Nov 200194,28218.072.41$10,463
Oct 200194,89419.782.53$12,554
Sep 200184,46524.262.25$10,246
Aug 200184,73724.873.05$14,662
Jul 200194,82523.933.20$15,641
Jun 200175,56624.563.82$21,457
May 200183,25625.524.31$14,229
Apr 200174,84924.685.34$26,044
Mar 2001105,11124.545.38$27,724
Feb 2001104,44527.755.77$25,912
Jan 200105,04527.478.40$42,372
Dec 200035,53726.889.12$50,592
Nov 200084,98632.215.66$28,468
Oct 200094,01831.235.15$20,956
Sep 200055,34431.875.19$27,876
Aug 2000115,30429.644.54$24,410
Jul 200095,69128.534.09$23,532
Jun 2000105,33029.304.40$23,730
May 2000226,72927.263.68$25,361
Apr 2000155,00724.513.12$15,969
Mar 2000195,57828.422.86$16,492
Feb 2000454,97327.622.73$14,802
Jan 2000435,75425.272.48$15,359
Dec 1999466,03724.282.42$15,749
Nov 1999355,79723.192.43$14,921
Oct 1999356,37120.982.80$18,597
Sep 1999205,81021.752.62$15,651
Aug 1999305,33619.262.88$15,922
Jul 1999125,71117.892.37$13,763
Jun 1999535,41615.942.36$13,638
May 1999356,03515.792.32$14,560
Apr 1999375,58715.102.21$12,895
Mar 1999535,87312.471.84$11,457
Feb 1999365,5789.981.82$10,499
Jan 1999485,91010.381.90$11,727
Dec 1998475,0999.201.77$9,475
Nov 1998245,35510.892.19$11,966
Oct 1998236,22712.421.97$12,548
Sep 1998246,02112.592.08$12,842
Aug 1998176,73511.301.91$13,038
Jul 1998197,26611.742.24$16,479
Jun 1998266,89211.242.24$15,712
May 1998597,51912.622.21$17,334
Apr 1998287,43213.042.51$18,985
Mar 1998277,56812.802.31$17,823
Feb 1998136,18613.952.30$14,404
Jan 1998156,24714.702.15$13,681
Dec 1997147,33616.322.41$17,916
Nov 1997166,55018.193.09$20,519
Oct 1997317,59119.253.15$24,507
Sep 199707,47417.742.95$22,085
Aug 1997148,10617.862.55$20,959
Jul 1997147,50117.582.25$17,100
Jun 1997287,59817.242.26$17,633
May 1997118,46718.972.31$19,755
Apr 1997155,56317.882.08$11,855
Mar 1997187,59818.951.94$15,075
Feb 1997316,38920.492.21$14,729
Jan 1997198,86623.483.54$31,829
Dec 1996298,89023.32$676
Nov 1996177,62821.97$373
Oct 1996459,74623.31$1,049
Sep 1996179,65822.22$378
Aug 19961710,07820.26$344
Jul 19962310,47619.55$450
Jun 19962110,30218.73$393
May 19964311,28219.43$835
Apr 19962811,71221.51$602
Mar 19965312,36219.38$1,027
Feb 19965812,42516.98$985
Jan 199613113,95717.07$2,236
Dec 199513313,96617.19$2,286
Nov 199513614,65016.00$2,176
Oct 19956915,39215.43$1,065
Sep 199513716,42416.18$2,217
Aug 199511919,61315.92$1,894
Jul 199517018,53215.24$2,591
Jun 199522720,46516.41$3,725
May 1995602,75817.56$1,054

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 2019 — as filed, then multipliedworked
Condensate            17 bbl  × $ 59.01 =     $1,003
Gas                   18 Mcf  × $  2.30 =        $41

────────────────────────────────────────────────────
Month total                                   $1,045

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/154931 is the state's own key, not one this site invented.