WALKER, ISABELLA LEASE

Operated by MERIT ENERGY COMPANY (P-5 561136) in the GLENWOOD (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 156046District 06Field 354153002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.6 M
Aug 1995 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
370
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 351 leases and 351 wells, and the rule below applies to all of them.

Discovered
1980-12-20
as the register files it
Field class
Gas
the register's own label
Between wells
600 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 2017-12-05.

The Commission's schedule remark for this field reads: BE FILED IF THE OPERATOR CHOOSES. THIS IS A UFT FIELD.

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 Gas111995-12-06133711
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
CondensateDisposition17,955 bbl$459,580
GasProduction1,550,560 Mcf$5,156,850
Total$5,616,430

344,570 Mcf of this lease's gas, across 17 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 32.5786, -94.9034. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.57861, -94.90341 · 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
11,053 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 11,053 ft.

Completions filed
Aug 1995
1 of 1 wells

1 well

42-45930765111,053 ftAug 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 (370)

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

370 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 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 201587743.552.43$535
Sep 2015313842.992.76$1,438
Aug 2015293740.162.87$1,271
Jul 2015383948.152.95$1,945
Jun 2015214156.152.88$1,297
May 2015213855.212.96$1,272
Apr 2015634949.822.71$3,271
Mar 2015225542.892.93$1,105
Feb 201505944.662.98$176
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 201401870.464.25$77
Oct 201403578.303.90$137
Sep 201404686.164.05$186
Aug 201409589.394.04$383
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140295.944.81$10
Mar 2014012595.895.06$632
Feb 2014013297.406.19$817
Jan 2014018490.404.86$894
Dec 2013016191.824.35$701
Nov 2013049388.853.74$1,843
Oct 201301,05097.423.78$3,968
Sep 20130507104.113.72$1,885
Aug 20130520104.253.52$1,832
Jul 201311,360102.523.72$5,159
Jun 201301,07094.403.93$4,209
May 201321,41694.834.15$6,065
Apr 201331,51993.964.28$6,787
Mar 2013292993.623.91$3,822
Feb 2013111,58691.233.42$6,428
Jan 2013111,52491.603.42$6,220
Dec 201261,61086.773.42$6,027
Nov 2012111,45786.953.62$6,238
Oct 201251,56789.383.40$5,774
Sep 201261,36594.672.92$4,552
Aug 2012131,42792.662.91$5,355
Jul 201271,24585.133.02$4,357
Jun 201271,74679.822.52$4,957
May 201271,62291.612.49$4,677
Apr 2012161,236101.652.00$4,094
Mar 2012111,015105.052.22$3,411
Feb 2012231,765101.102.57$6,862
Jan 2012221,95698.092.73$7,506
Dec 2011211,93696.873.24$8,306
Nov 2011201,97795.723.31$8,461
Oct 2011102,04684.983.65$8,315
Sep 2011201,42983.623.99$7,368
Aug 2011111,31283.404.15$6,361
Jul 2011222,16694.144.52$11,855
Jun 2011111,92392.904.64$9,944
May 2011352,07198.134.40$12,557
Apr 2011122,583105.964.33$12,464
Mar 2011172,31696.364.06$11,035
Feb 2011241,64085.644.18$8,911
Jan 2011262,30886.504.59$12,840
Dec 2010382,34985.734.35$13,471
Nov 2010282,68580.843.80$12,454
Oct 2010222,87578.103.51$11,806
Sep 2010262,39272.633.98$11,407
Aug 201093,27073.684.42$15,114
Jul 2010078172.554.74$3,699
Jun 2010302,41070.364.91$13,945
May 2010312,86471.124.24$14,334
Apr 201091,49181.694.12$6,882
Mar 2010362,63578.394.39$14,386
Feb 2010172,43773.585.44$14,514
Jan 201002,38774.365.96$14,236
Dec 200901,28171.445.48$7,025
Nov 200903,12474.593.75$11,720
Oct 200902,22872.544.11$9,158
Sep 200902,78365.543.06$8,529
Aug 200903,04567.423.22$9,800
Jul 200902,29161.133.46$7,937
Jun 200903,01966.163.90$11,759
May 200901,99954.743.93$7,848
Apr 200902,36146.773.59$8,470
Mar 200902,07742.144.06$8,431
Feb 200902,93132.814.63$13,579
Jan 200903,21735.865.37$17,279
Dec 200803,22037.105.98$19,246
Nov 200803,27055.496.86$22,433
Oct 200803,78575.246.92$26,200
Sep 200801,770101.767.88$13,942
Aug 200803,134114.228.48$26,586
Jul 200803,450131.0811.39$39,294
Jun 200803,559131.3313.03$46,383
May 200802,660123.1711.57$30,788
Apr 200803,404110.3110.45$35,588
Mar 2008143,585101.909.66$36,072
Feb 2008263,36492.538.77$31,910
Jan 2008333,54390.388.21$32,055
Dec 2007253,68488.337.30$29,109
Nov 2007333,23391.677.29$26,599
Oct 2007283,63182.856.92$27,454
Sep 2007273,87075.846.24$26,213
Aug 2007333,56169.066.39$25,026
Jul 2007273,94070.906.39$27,083
Jun 2007333,91862.007.55$31,621
May 2007254,00458.747.85$32,885
Apr 2007433,86359.617.81$32,715
Mar 2007314,28356.927.30$33,039
Feb 2007154,11455.108.22$34,627
Jan 2007184,15250.306.73$28,835
Dec 2006194,38556.656.92$31,414
Nov 2006124,42654.207.62$34,365
Oct 2006125,06554.906.01$31,119
Sep 2006193,79660.085.04$20,263
Aug 2006134,68468.717.34$35,273
Jul 2006224,60669.376.34$30,741
Jun 200684,58666.286.38$29,807
May 2006124,55766.016.42$30,071
Apr 2006104,39764.397.36$33,008
Mar 2006324,43256.707.08$33,206
Feb 2006463,94857.597.75$33,251
Jan 2006554,87760.598.93$46,900
Dec 2005555,07154.9413.42$71,051
Nov 2005344,93454.6910.59$54,103
Oct 2005313,51058.3413.80$50,232
Sep 2005263,83661.4512.08$47,933
Aug 2005314,63561.519.80$47,315
Jul 2005344,72755.697.84$38,970
Jun 2005394,57252.337.38$35,787
May 2005334,96245.226.65$34,495
Apr 2005394,81249.207.36$37,337
Mar 2005495,21950.377.15$39,809
Feb 2005384,56645.226.31$30,539
Jan 2005515,12743.166.32$34,615
Dec 2004585,23739.866.75$37,667
Nov 2004685,05645.286.33$35,086
Oct 2004635,72349.706.52$40,417
Sep 2004565,29243.245.28$30,384
Aug 2004645,95142.375.55$35,744
Jul 2004545,65138.286.08$36,449
Jun 2004595,67936.106.43$38,663
May 2004655,72937.486.49$39,644
Apr 2004825,89434.475.86$37,356
Mar 2004686,09634.365.53$36,048
Feb 2004575,63532.455.51$32,896
Jan 2004386,43232.036.30$41,736
Dec 2003606,24930.266.30$41,195
Nov 2003526,28228.804.60$30,364
Oct 2003486,76928.174.76$33,570
Sep 2003616,59426.314.75$32,922
Aug 2003506,41929.765.13$34,416
Jul 2003457,27429.415.17$38,936
Jun 2003416,68528.565.98$41,167
May 2003194,30426.595.97$26,212
Apr 2003576,51226.675.41$36,732
Mar 2003447,06631.146.10$44,445
Feb 2003606,52733.487.93$53,741
Jan 2003546,99030.315.58$40,655
Dec 2002427,63426.914.85$38,184
Nov 2002597,24524.664.14$31,427
Oct 2002637,16126.464.23$31,952
Sep 2002297,79327.443.64$29,125
Aug 2002588,14425.963.16$27,275
Jul 2002367,73024.583.06$24,552
Jun 2002538,40623.733.34$29,319
May 2002508,99024.663.58$33,453
Apr 2002366,35523.653.51$23,172
Mar 2002648,53722.003.10$27,896
Feb 2002758,35018.222.38$21,203
Jan 2002674,86417.172.38$12,706
Dec 20011019,66516.932.36$24,562
Nov 200111311,21718.072.41$29,025
Oct 2001789,60719.782.53$25,838
Sep 20017910,34924.262.25$25,215
Aug 2001798,67324.873.05$28,445
Jul 2001666,26023.933.20$21,593
Jun 20011006,01124.563.82$25,443
May 20011017,91025.524.31$36,648
Apr 20011268,64324.685.34$49,223
Mar 2001310,51924.545.38$56,628
Feb 20011309,20627.755.77$56,699
Jan 200118511,05827.478.40$97,955
Dec 20001089,00426.889.12$85,042
Nov 200013910,12332.215.66$61,753
Oct 20002139,57031.235.15$55,894
Sep 20001219,55431.875.19$53,408
Aug 20001199,44929.644.54$46,433
Jul 2000999,03928.534.09$39,792
Jun 20001189,49229.304.40$45,196
May 20001318,98927.263.68$36,648
Apr 20001119,36624.513.12$31,905
Mar 20004310,94828.422.86$32,531
Feb 20004410,20427.622.73$29,036
Jan 20005912,99525.272.48$33,725
Dec 19995913,30924.282.42$33,690
Nov 19994912,97123.192.43$32,708
Oct 19995413,36620.982.80$38,607
Sep 19994412,34021.752.62$33,274
Aug 19994412,10719.262.88$35,662
Jul 1999439,62517.892.37$23,603
Jun 199914210,11815.942.36$26,163
May 199914310,64415.792.32$26,963
Apr 19991459,81715.102.21$23,866
Mar 199917410,50212.471.84$21,476
Feb 199914910,1449.981.82$19,927
Jan 199918311,27710.381.90$23,325
Dec 199815811,4869.201.77$21,822
Nov 199814311,10210.892.19$25,823
Oct 199814411,18112.421.97$23,806
Sep 199812910,67612.592.08$23,858
Aug 199812610,62811.301.91$21,695
Jul 19989710,42411.742.24$24,460
Jun 1998748,17111.242.24$19,112
May 19981067,45012.622.21$17,775
Apr 19981208,45013.042.51$22,735
Mar 19981189,41412.802.31$23,251
Feb 19981449,55413.952.30$23,975
Jan 199817510,92614.702.15$26,116
Dec 199720412,08916.322.41$32,477
Nov 199719812,65718.193.09$42,690
Oct 199720013,01419.253.15$44,842
Sep 199719813,15717.742.95$42,390
Aug 199722214,45417.862.55$40,891
Jul 199720916,04917.582.25$39,735
Jun 199722317,35017.242.26$43,007
May 199725618,48718.972.31$47,534
Apr 199728017,76917.882.08$42,015
Mar 199721012,56918.951.94$28,353
Feb 199724415,73220.492.21$39,703
Jan 199722013,29323.483.54$52,219
Dec 199624016,12023.32$5,597
Nov 199618511,84521.97$4,064
Oct 199621915,52323.31$5,105
Sep 199619614,30522.22$4,355
Aug 199616915,25620.26$3,424
Jul 199616514,94119.55$3,226
Jun 199618316,12518.73$3,428
May 199624316,88019.43$4,721
Apr 199626417,92021.51$5,679
Mar 199627019,40919.38$5,233
Feb 199626617,56916.98$4,517
Jan 199638420,89117.07$6,555
Dec 19951,03525,35317.19$17,792
Nov 199566736,96416.00$10,672
Oct 199592244,58615.43$14,226
Sep 199569637,43616.18$11,261
Aug 199503,44715.92$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.

Oct 2015 — as filed, then multipliedworked
Condensate             8 bbl  × $ 43.55 =       $348
Gas                   77 Mcf  × $  2.43 =       $187

────────────────────────────────────────────────────
Month total                                     $535

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/156046 is the state's own key, not one this site invented.