BASSETT, WILLIAM P. 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 159445District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 M
Jul 1996 – May 2026
Value, last 12 filed months
$59 k
at the published price for each month
Months reported
359
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 Gas111997-02-04136142
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
CondensateDisposition3,541 bbl$142,513
GasProduction1,474,854 Mcf$5,091,837
Total$5,234,350

168,228 Mcf of this lease's gas, across 6 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 32.2371, -94.7953. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23712, -94.79531 · 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
10,898 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 10,898 ft.

Completions filed
Jul 1996
1 of 1 wells

1 well

42-40132571510,898 ftJul 1996

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 (359)

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

359 months

May 202601,389106.413.05$4,231
Apr 2026241,26498.932.87$6,002
Mar 202601,37689.753.15$4,334
Feb 202601,11663.503.75$4,185
Jan 202601,07459.138.00$8,590
Dec 2025171,33956.664.41$6,873
Nov 202501,25158.593.93$4,912
Oct 202501,31259.383.30$4,336
Sep 202501,11062.743.08$3,415
Aug 2025141,18563.933.01$4,468
Jul 202501,17966.743.32$3,909
Jun 202501,22166.483.13$3,820
May 202501,33560.553.23$4,315
Apr 2025161,34062.363.54$5,746
Mar 202501,39167.704.27$5,937
Feb 202501,29970.884.34$5,639
Jan 202501,43874.324.28$6,153
Dec 2024121,48268.993.12$5,454
Nov 202401,39469.052.20$3,065
Oct 202401,42671.372.28$3,253
Sep 202401,34369.612.36$3,175
Aug 2024111,53375.632.06$3,995
Jul 202401,70679.932.15$3,662
Jun 2024121,20278.082.63$4,103
May 202401,54978.812.20$3,405
Apr 202401,52784.451.66$2,534
Mar 202401,59780.301.55$2,468
Feb 2024101,52776.091.78$3,485
Jan 202401,60873.023.30$5,303
Dec 202301,60771.262.61$4,195
Nov 2023131,58877.892.81$5,471
Oct 202301,63785.443.09$5,054
Sep 202301,61389.042.74$4,412
Aug 202301,71080.522.67$4,571
Jul 2023201,70974.852.64$6,012
Jun 202301,56568.962.26$3,535
May 202301,70070.622.23$3,787
Apr 202301,61378.122.24$3,610
Mar 2023211,75172.852.39$5,720
Feb 202301,47375.112.47$3,632
Jan 202301,76476.533.39$5,976
Dec 202201,93976.415.73$11,109
Nov 2022141,62685.005.65$10,371
Oct 202202,56687.185.86$15,046
Sep 2022080284.888.16$6,547
Aug 20220094.529.13$0
Jul 202232921101.587.54$10,197
Jun 202201,323115.097.98$10,554
May 202201,660109.378.43$13,999
Apr 202201,637104.226.84$11,193
Mar 2022391,527108.885.08$11,998
Feb 202201,33791.054.86$6,496
Jan 202201,43981.844.54$6,530
Dec 202101,62471.323.90$6,332
Nov 2021341,70777.435.24$11,572
Oct 202101,11279.795.71$6,354
Sep 202101,50069.865.35$8,026
Aug 2021371,48366.024.22$8,702
Jul 202101,58870.783.98$6,324
Jun 202101,19869.493.38$4,050
May 202101,65663.483.02$4,997
Apr 202101,65160.362.76$4,554
Mar 202101,83061.302.72$4,972
Feb 2021311,39557.805.55$9,531
Jan 202101,78550.412.81$5,016
Dec 202001,72044.642.68$4,602
Nov 202001,73438.772.71$4,693
Oct 202001,64936.972.48$4,087
Sep 2020341,72637.091.99$4,698
Aug 202001,62239.982.39$3,869
Jul 202001,68638.371.83$3,077
Jun 202001,84834.901.69$3,124
May 2020301,82516.921.81$3,820
Apr 2020096614.751.80$1,743
Mar 2020331,04130.341.86$2,934
Feb 202001,30749.881.98$2,589
Jan 202001,80957.252.09$3,789
Dec 2019321,14159.012.30$4,518
Nov 201901,43755.302.75$3,953
Oct 201901,68353.472.42$4,070
Sep 201901,80855.052.66$4,804
Aug 201902,17053.112.30$5,000
Jul 201903,45156.272.46$8,490
Jun 2019262,75052.782.49$8,223
May 2019302,42258.482.74$8,391
Apr 201902,34462.632.75$6,448
Mar 201901,91956.803.06$5,876
Feb 201901,47250.852.79$4,110
Jan 201901,97446.033.23$6,372
Dec 2018211,83946.594.19$8,675
Nov 201801,64052.934.24$6,949
Oct 201811,67261.443.40$5,743
Sep 201801,49459.543.11$4,643
Aug 201801,27159.403.07$3,898
Jul 201801,28165.142.93$3,756
Jun 2018162,05660.183.08$7,289
May 201801,47965.382.90$4,290
Apr 2018088063.842.90$2,553
Mar 2018191,61761.222.79$5,670
Feb 201801,56961.782.77$4,340
Jan 201801,69962.874.01$6,812
Dec 2017161,79057.272.92$6,146
Nov 201701,62455.423.12$5,064
Oct 201701,55849.292.98$4,649
Sep 2017111,63447.523.09$5,567
Aug 201701,16545.373.00$3,500
Jul 201701,68043.873.09$5,187
Jun 201701,62542.493.09$5,017
May 2017121,82245.373.26$6,490
Apr 201701,11047.933.21$3,565
Mar 201701,91646.772.98$5,717
Feb 2017111,77350.452.95$5,790
Jan 201701,94749.413.42$6,656
Dec 201602,00948.763.72$7,479
Nov 2016121,75542.492.64$5,151
Oct 201601,71846.193.09$5,309
Sep 201601,69941.553.10$5,268
Aug 2016101,82341.442.92$5,745
Jul 201601,70041.622.92$4,971
Jun 201601,49545.352.69$4,015
May 2016201,49942.521.99$3,835
Apr 201601,48036.561.99$2,947
Mar 2016311,58033.011.79$3,858
Feb 201601,61226.472.06$3,327
Jan 2016301,74927.352.36$4,956
Dec 201502,17932.362.00$4,361
Nov 201501,69338.792.17$3,669
Oct 2015311,90443.552.43$5,970
Sep 201501,27442.992.76$3,514
Aug 201501,64340.162.87$4,720
Jul 2015292,23848.152.95$7,987
Jun 2015091956.152.88$2,649
May 201501,73855.212.96$5,137
Apr 2015201,54649.822.71$5,181
Mar 201501,94042.892.93$5,693
Feb 2015171,08444.662.98$3,985
Jan 201501,55243.433.10$4,812
Dec 201401,88754.693.59$6,777
Nov 201401,76670.464.25$7,509
Oct 201401,65078.303.90$6,437
Sep 201402,00586.164.05$8,111
Aug 201402,12889.394.04$8,587
Jul 201402,04096.564.18$8,526
Jun 201402,24098.164.74$10,611
May 201402,02194.734.73$9,552
Apr 201401,58495.944.81$7,618
Mar 201402,29895.895.06$11,621
Feb 201402,22297.406.19$13,759
Jan 201402,27990.404.86$11,078
Dec 201303,19291.824.35$13,900
Nov 201302,40588.853.74$8,991
Oct 201301,80697.423.78$6,826
Sep 201301,402104.113.72$5,212
Aug 201301,876104.253.52$6,608
Jul 201302,137102.523.72$7,945
Jun 201312,17194.403.93$8,634
May 201302,02994.834.15$8,418
Apr 201302,76193.964.28$11,824
Mar 201371,50593.623.91$6,544
Feb 201303,20091.233.42$10,944
Jan 201302,85191.603.42$9,750
Dec 20120086.773.42$0
Nov 20124086.953.62$348
Oct 20120389.383.40$10
Sep 20123094.672.92$284
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 201213091.612.49$1,191
Apr 20120382101.652.00$763
Mar 201201,536105.052.22$3,413
Feb 2012191,884101.102.57$6,763
Jan 201201,65198.092.73$4,514
Dec 2011122,20896.873.24$8,316
Nov 201102,56995.723.31$8,507
Oct 201102,32484.983.65$8,479
Sep 20110083.623.99$0
Aug 2011181283.404.15$1,551
Jul 201101,31594.144.52$5,940
Jun 201101,76592.904.64$8,189
May 2011211,82698.134.40$10,104
Apr 201101,899105.964.33$8,229
Mar 2011101,98396.364.06$9,009
Feb 201101,64385.644.18$6,868
Jan 201101,68386.504.59$7,723
Dec 201091,92385.734.35$9,132
Nov 201001,57680.843.80$5,981
Oct 201001,85078.103.51$6,491
Sep 201071,64172.633.98$7,039
Aug 201002,02773.684.42$8,958
Jul 201001,83772.554.74$8,701
Jun 201071,81370.364.91$9,395
May 201001,44571.124.24$6,120
Apr 201002,03181.694.12$8,373
Mar 201082,07678.394.39$9,738
Feb 2010141,86873.585.44$11,196
Jan 201002,10574.365.96$12,554
Dec 2009132,04871.445.48$12,159
Nov 200902,00674.593.75$7,526
Oct 2009132,03772.544.11$9,316
Sep 2009111,64765.543.06$5,769
Aug 200902,70167.423.22$8,693
Jul 200981,01361.133.46$3,999
Jun 200902,06466.163.90$8,039
May 2009112,22654.743.93$9,341
Apr 200902,22946.773.59$7,997
Mar 200951,94442.144.06$8,101
Feb 200902,19832.814.63$10,183
Jan 200962,45835.865.37$13,417
Dec 200852,53837.105.98$15,355
Nov 200802,59355.496.86$17,789
Oct 200802,58575.246.92$17,893
Sep 200802,378101.767.88$18,732
Aug 200802,605114.228.48$22,098
Jul 200862,780131.0811.39$32,449
Jun 200812,579131.3313.03$33,742
May 200862,770123.1711.57$32,800
Apr 200883,001110.3110.45$32,258
Mar 200801,965101.909.66$18,990
Feb 200872,53492.538.77$22,872
Jan 200872,83790.388.21$23,912
Dec 200762,80388.337.30$20,997
Nov 2007372,87891.677.29$24,377
Oct 200792,68682.856.92$19,338
Sep 200702,83475.846.24$17,696
Aug 2007262,75569.066.39$19,394
Jul 200722,85570.906.39$18,379
Jun 2007162,74662.007.55$21,720
May 200712,75158.747.85$21,644
Apr 2007152,74759.617.81$22,335
Mar 200722,78256.927.30$20,428
Feb 2007132,70955.108.22$22,973
Jan 2007173,35750.306.73$23,437
Dec 2006113,66556.656.92$25,979
Nov 200601,88054.207.62$14,321
Oct 200603,38354.906.01$20,345
Sep 2006232,39560.085.04$13,446
Aug 2006143,07068.717.34$23,495
Jul 2006143,12369.376.34$20,780
Jun 2006123,00566.286.38$19,979
May 200603,32366.016.42$21,350
Apr 200693,29764.397.36$24,847
Mar 2006113,35856.707.08$24,408
Feb 2006123,37957.597.75$26,882
Jan 2006183,92860.598.93$36,181
Dec 2005113,73054.9413.42$50,644
Nov 2005113,47154.6910.59$37,354
Oct 200584,05558.3413.80$56,409
Sep 200593,40861.4512.08$41,718
Aug 2005103,83361.519.80$38,166
Jul 2005194,25555.697.84$34,433
Jun 2005123,76652.337.38$28,425
May 2005114,84945.226.65$32,749
Apr 2005242,83049.207.36$22,011
Mar 2005104,20350.377.15$30,576
Feb 2005223,53845.226.31$23,326
Jan 2005184,07443.166.32$26,534
Dec 2004193,69139.866.75$25,676
Nov 2004104,10645.286.33$26,446
Oct 2004194,56049.706.52$30,653
Sep 2004244,23243.245.28$23,399
Aug 2004224,39442.375.55$25,322
Jul 2004214,25138.286.08$26,668
Jun 2004324,08036.106.43$27,402
May 2004224,31937.486.49$28,875
Apr 2004414,19734.475.86$26,001
Mar 2004224,18234.365.53$23,883
Feb 200483,93332.455.51$21,929
Jan 200484,39032.036.30$27,912
Dec 200384,40130.266.30$27,976
Nov 200394,60728.804.60$21,429
Oct 200304,49428.174.76$21,390
Sep 200394,55326.314.75$21,861
Aug 200354,71829.765.13$24,351
Jul 200354,83029.415.17$25,122
Jun 200394,50428.565.98$27,204
May 200354,84826.595.97$29,089
Apr 200374,85526.675.41$26,439
Mar 200344,81731.146.10$29,489
Feb 200384,85233.487.93$38,724
Jan 200375,37430.315.58$30,210
Dec 200265,07726.914.85$24,804
Nov 200294,97024.664.14$20,783
Oct 200275,17626.464.23$22,075
Sep 200247,99327.443.64$29,166
Aug 2002105,60525.963.16$17,995
Jul 200245,30324.583.06$16,335
Jun 200295,36723.733.34$18,130
May 2002115,66424.663.58$20,571
Apr 200245,59623.653.51$19,750
Mar 200256,00322.003.10$18,736
Feb 200235,24018.222.38$12,503
Jan 200256,33617.172.38$15,138
Dec 200155,96416.932.36$14,186
Nov 200146,06718.072.41$14,667
Oct 200146,20419.782.53$15,768
Sep 200146,03324.262.25$13,679
Aug 200146,40124.873.05$19,643
Jul 200156,49523.933.20$20,885
Jun 200166,39324.563.82$24,595
May 200157,36625.524.31$31,855
Apr 200146,19324.685.34$33,140
Mar 200156,31024.545.38$34,048
Feb 200155,66627.755.77$32,815
Jan 200106,23727.478.40$52,383
Dec 200025,48526.889.12$50,091
Nov 200056,86232.215.66$38,986
Oct 200067,16431.235.15$37,050
Sep 200037,73931.875.19$40,234
Aug 200078,38329.644.54$38,273
Jul 200067,60528.534.09$31,274
Jun 200067,54129.304.40$33,335
May 2000149,46927.263.68$35,225
Apr 2000107,98024.513.12$25,111
Mar 2000109,24128.422.86$26,711
Feb 2000265,00927.622.73$14,375
Jan 2000338,60425.272.48$22,176
Dec 19993111,12624.282.42$27,719
Nov 1999217,05623.192.43$17,661
Oct 19992310,76720.982.80$30,670
Sep 1999136,79721.752.62$18,083
Aug 1999218,35619.262.88$24,433
Jul 199999,47617.892.37$22,642
Jun 1999399,43515.942.36$22,908
May 19992010,13915.792.32$23,849
Apr 19991610,49415.102.21$23,413
Mar 1999218,90012.471.84$16,623
Feb 1999168,3989.981.82$15,425
Jan 19992310,22410.381.90$19,664
Dec 19982410,1059.201.77$18,140
Nov 19981210,02410.892.19$22,040
Oct 19981111,08012.421.97$21,955
Sep 19981710,68712.592.08$22,471
Aug 19981511,73911.301.91$22,560
Jul 19981612,51011.742.24$28,176
Jun 19982311,94511.242.24$26,983
May 19984312,83112.622.21$28,852
Apr 19982313,10413.042.51$33,130
Mar 19983013,46912.802.31$31,490
Feb 19982612,42513.952.30$28,929
Jan 19982913,66814.702.15$29,878
Dec 19973014,97816.322.41$36,603
Nov 19973415,25118.193.09$47,718
Oct 19976916,44719.253.15$53,133
Sep 1997017,80317.742.95$52,606
Aug 19973619,47517.862.55$50,397
Jul 19973619,29817.582.25$43,994
Jun 19977219,86617.242.26$46,083
May 19973420,51718.972.31$48,008
Apr 19973718,71117.882.08$39,632
Mar 19974119,37118.951.94$38,340
Feb 19977819,05820.492.21$43,638
Jan 19975021,35723.483.54$76,771
Dec 19968923,29223.32$2,075
Nov 19965025,33821.97$1,099
Oct 199615129,51223.31$3,520
Sep 19966033,08522.22$1,333
Aug 19962740,15920.26$547
Jul 1996316,84219.55$59

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,389 Mcf  × $  3.05 =     $4,231

────────────────────────────────────────────────────
Month total                                   $4,231

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/159445 is the state's own key, not one this site invented.