MORGAN UNIT

Name: MORGAN UNIT lease production and value, Sep 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 156012District 06Field 160321742 tax incentive programmesCondensateGasSave Export

Value, all time

$2.4 M

Sep 1995 – Nov 2015

Value, last 12 filed months

at the published price for each month

Months reported

243

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	1995-12-04	133534
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	4,390 bbl	$108,694
Gas	Production	908,567 Mcf	$2,330,186
Total			$2,438,880

293,472 Mcf of this lease's gas, across 16 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 32.1772, -94.2826. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.17723, -94.28263 · 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

9,700 ft

1 wells filed one

Completion to plug

13.7 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 9,700 ft.

Completions filed

Mar 2002

1 of 1 wells

Plug dates filed

Nov 2015

1 of 1 wells

Last completion to plug: a median of 13.7 years across the 1 well that filed both dates, with the middle half between 13.7 years and 13.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-36533189	11	9,700 ft	Mar 2002	Nov 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 (243)

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

243 months


Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
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	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	160	91.67	7.29	$1,167
Oct 2007	0	1,488	82.85	6.92	$10,300
Sep 2007	0	1,534	75.84	6.24	$9,579
Aug 2007	0	1,362	69.06	6.39	$8,700
Jul 2007	0	1,658	70.90	6.39	$10,591
Jun 2007	0	1,628	62.00	7.55	$12,289
May 2007	0	1,747	58.74	7.85	$13,707
Apr 2007	0	1,662	59.61	7.81	$12,972
Mar 2007	0	1,854	56.92	7.30	$13,538
Feb 2007	0	2,111	55.10	8.22	$17,344
Jan 2007	0	1,767	50.30	6.73	$11,886
Dec 2006	0	1,961	56.65	6.92	$13,567
Nov 2006	0	1,928	54.20	7.62	$14,687
Oct 2006	0	1,990	54.90	6.01	$11,967
Sep 2006	0	1,946	60.08	5.04	$9,802
Aug 2006	0	2,582	68.71	7.34	$18,952
Jul 2006	0	1,422	69.37	6.34	$9,019
Jun 2006	0	2,085	66.28	6.38	$13,310
May 2006	0	1,892	66.01	6.42	$12,156
Apr 2006	0	2,132	64.39	7.36	$15,693
Mar 2006	0	2,092	56.70	7.08	$14,817
Feb 2006	0	2,081	57.59	7.75	$16,130
Jan 2006	0	1,779	60.59	8.93	$15,892
Dec 2005	0	2,070	54.94	13.42	$27,770
Nov 2005	0	2,053	54.69	10.59	$21,738
Oct 2005	0	2,202	58.34	13.80	$30,378
Sep 2005	0	2,142	61.45	12.08	$25,873
Aug 2005	0	2,437	61.51	9.80	$23,875
Jul 2005	0	2,222	55.69	7.84	$17,429
Jun 2005	0	2,080	52.33	7.38	$15,353
May 2005	0	1,868	45.22	6.65	$12,424
Apr 2005	2	1,774	49.20	7.36	$13,156
Mar 2005	6	1,929	50.37	7.15	$14,104
Feb 2005	11	1,824	45.22	6.31	$12,010
Jan 2005	18	1,871	43.16	6.32	$12,606
Dec 2004	30	2,052	39.86	6.75	$15,049
Nov 2004	21	2,047	45.28	6.33	$13,909
Oct 2004	15	2,514	49.70	6.52	$17,124
Sep 2004	23	2,177	43.24	5.28	$12,498
Aug 2004	49	2,720	42.37	5.55	$17,174
Jul 2004	30	2,747	38.28	6.08	$17,862
Jun 2004	29	2,745	36.10	6.43	$18,706
May 2004	31	2,861	37.48	6.49	$19,743
Apr 2004	25	3,190	34.47	5.86	$19,550
Mar 2004	15	2,500	34.36	5.53	$14,341
Feb 2004	25	2,373	32.45	5.51	$13,886
Jan 2004	12	2,470	32.03	6.30	$15,944
Dec 2003	17	2,635	30.26	6.30	$17,119
Nov 2003	11	2,214	28.80	4.60	$10,490
Oct 2003	13	1,834	28.17	4.76	$9,095
Sep 2003	20	2,247	26.31	4.75	$11,198
Aug 2003	16	2,530	29.76	5.13	$13,454
Jul 2003	33	3,062	29.41	5.17	$16,804
Jun 2003	14	2,965	28.56	5.98	$18,139
May 2003	13	2,907	26.59	5.97	$17,708
Apr 2003	1	2,221	26.67	5.41	$12,036
Mar 2003	4	2,807	31.14	6.10	$17,236
Feb 2003	26	2,857	33.48	7.93	$23,515
Jan 2003	87	3,375	30.31	5.58	$21,476
Dec 2002	108	3,345	26.91	4.85	$19,142
Nov 2002	91	3,252	24.66	4.14	$15,697
Oct 2002	115	3,532	26.46	4.23	$17,980
Sep 2002	111	3,207	27.44	3.64	$14,704
Aug 2002	123	3,101	25.96	3.16	$13,005
Jul 2002	74	3,223	24.58	3.06	$11,687
Jun 2002	119	3,867	23.73	3.34	$15,733
May 2002	84	3,486	24.66	3.58	$14,565
Apr 2002	117	3,583	23.65	3.51	$15,352
Mar 2002	61	3,088	22.00	3.10	$10,923
Feb 2002	0	34	18.22	2.38	$81
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	15	0	19.78	2.53	$297
Sep 2001	65	1,518	24.26	2.25	$4,994
Aug 2001	220	8,423	24.87	3.05	$31,188
Jul 2001	160	8,096	23.93	3.20	$29,712
Jun 2001	153	8,331	24.56	3.82	$35,617
May 2001	202	10,794	25.52	4.31	$51,648
Apr 2001	152	5,228	24.68	5.34	$31,644
Mar 2001	278	2,264	24.54	5.38	$18,994
Feb 2001	154	2,449	27.75	5.77	$18,397
Jan 2001	240	4,097	27.47	8.40	$41,003
Dec 2000	20	6,720	26.88	9.12	$61,841
Nov 2000	17	3,091	32.21	5.66	$18,036
Oct 2000	19	6,738	31.23	5.15	$35,264
Sep 2000	13	6,951	31.87	5.19	$36,466
Aug 2000	15	6,571	29.64	4.54	$30,282
Jul 2000	17	6,808	28.53	4.09	$28,328
Jun 2000	18	7,208	29.30	4.40	$32,223
May 2000	29	9,783	27.26	3.68	$36,790
Apr 2000	34	6,048	24.51	3.12	$19,679
Mar 2000	10	4,783	28.42	2.86	$13,962
Feb 2000	18	4,393	27.62	2.73	$12,475
Jan 2000	21	4,333	25.27	2.48	$11,279
Dec 1999	35	4,310	24.28	2.42	$11,296
Nov 1999	27	4,890	23.19	2.43	$12,528
Oct 1999	27	4,224	20.98	2.80	$12,409
Sep 1999	16	4,201	21.75	2.62	$11,350
Aug 1999	32	5,958	19.26	2.88	$17,749
Jul 1999	27	6,374	17.89	2.37	$15,605
Jun 1999	96	6,320	15.94	2.36	$16,459
May 1999	92	6,514	15.79	2.32	$16,572
Apr 1999	63	6,466	15.10	2.21	$15,229
Mar 1999	153	6,740	12.47	1.84	$14,298
Feb 1999	56	4,558	9.98	1.82	$8,844
Jan 1999	95	8,911	10.38	1.90	$17,917
Dec 1998	2	8,972	9.20	1.77	$15,929
Nov 1998	4	9,381	10.89	2.19	$20,548
Oct 1998	3	10,470	12.42	1.97	$20,655
Sep 1998	0	10,450	12.59	2.08	$21,763
Aug 1998	5	11,056	11.30	1.91	$21,144
Jul 1998	0	7,636	11.74	2.24	$17,084
Jun 1998	7	10,050	11.24	2.24	$22,563
May 1998	3	10,368	12.62	2.21	$22,913
Apr 1998	3	10,809	13.04	2.51	$27,119
Mar 1998	9	10,051	12.80	2.31	$23,327
Feb 1998	6	8,804	13.95	2.30	$20,325
Jan 1998	5	9,855	14.70	2.15	$21,309
Dec 1997	2	9,332	16.32	2.41	$22,533
Nov 1997	4	10,749	18.19	3.09	$33,268
Oct 1997	4	9,921	19.25	3.15	$31,326
Sep 1997	2	10,559	17.74	2.95	$31,236
Aug 1997	4	11,658	17.86	2.55	$29,855
Jul 1997	3	11,556	17.58	2.25	$26,018
Jun 1997	7	9,529	17.24	2.26	$21,630
May 1997	7	13,657	18.97	2.31	$31,660
Apr 1997	4	12,883	17.88	2.08	$26,904
Mar 1997	3	13,863	18.95	1.94	$26,939
Feb 1997	4	13,119	20.49	2.21	$29,021
Jan 1997	6	15,173	23.48	3.54	$53,849
Dec 1996	2	14,486	23.32	—	$47
Nov 1996	4	12,411	21.97	—	$88
Oct 1996	2	12,560	23.31	—	$47
Sep 1996	3	13,533	22.22	—	$67
Aug 1996	5	12,580	20.26	—	$101
Jul 1996	2	12,024	19.55	—	$39
Jun 1996	5	13,368	18.73	—	$94
May 1996	5	16,289	19.43	—	$97
Apr 1996	6	16,577	21.51	—	$129
Mar 1996	8	16,770	19.38	—	$155
Feb 1996	9	20,563	16.98	—	$153
Jan 1996	7	20,218	17.07	—	$119
Dec 1995	11	23,220	17.19	—	$189
Nov 1995	12	25,538	16.00	—	$192
Oct 1995	15	29,812	15.43	—	$231
Sep 1995	8	33,523	16.18	—	$129

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.

Nov 2007 — as filed, then multipliedworked

Condensate             0 bbl  × $ 91.67 =         $0
Gas                  160 Mcf  × $  7.29 =     $1,167

────────────────────────────────────────────────────
Month total                                   $1,167

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/156012 is the state's own key, not one this site invented.