PIERCE, PEGGY R. GAS UNIT

Name: PIERCE, PEGGY R. GAS UNIT lease production and value, Oct 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 207055District 06Field 985630832 tax incentive programmesCondensateGasSave Export

Value, all time

$4.1 M

Oct 2004 – Jul 2021

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

202

no gaps in the span

Streams

condensate, gas

The WOODLAWN (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 368 leases and 368 wells, and the rule below applies to all of them.

Discovered

1965-01-10

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 20 acres. The field rule took effect on 2010-11-02.

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	2005-05-18	161788
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	4,172 bbl	$286,989
Gas	Production	550,321 Mcf	$3,862,308
Total			$4,149,298

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 32.5927, -94.3770. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.59271, -94.37702 · 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

0.0%

0 of 1 wells

Median depth

10,100 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

1100.0%

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.

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 10,100 ft.

Completions filed

Mar 2021

1 of 1 wells

1 well


42-20332982	2	10,100 ft	Mar 2021	—	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 (202)

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

202 months


Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	7	486	61.30	2.72	$1,750
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	1	60	61.44	3.40	$265
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	1	0	47.52	3.09	$48
Aug 2017	30	11	45.37	3.00	$1,394
Jul 2017	32	165	43.87	3.09	$1,913
Jun 2017	33	161	42.49	3.09	$1,899
May 2017	35	274	45.37	3.26	$2,482
Apr 2017	46	197	47.93	3.21	$2,837
Mar 2017	47	270	46.77	2.98	$3,004
Feb 2017	3	0	50.45	2.95	$151
Jan 2017	52	215	49.41	3.42	$3,304
Dec 2016	55	159	48.76	3.72	$3,274
Nov 2016	55	85	42.49	2.64	$2,562
Oct 2016	47	345	46.19	3.09	$3,237
Sep 2016	34	39	41.55	3.10	$1,534
Aug 2016	35	202	41.44	2.92	$2,041
Jul 2016	35	40	41.62	2.92	$1,574
Jun 2016	34	90	45.35	2.69	$1,784
May 2016	36	211	42.52	1.99	$1,951
Apr 2016	38	183	36.56	1.99	$1,754
Mar 2016	43	218	33.01	1.79	$1,811
Feb 2016	45	180	26.47	2.06	$1,563
Jan 2016	50	235	27.35	2.36	$1,923
Dec 2015	47	71	32.36	2.00	$1,663
Nov 2015	34	160	38.79	2.17	$1,666
Oct 2015	0	236	43.55	2.43	$573
Sep 2015	0	223	42.99	2.76	$615
Aug 2015	0	158	40.16	2.87	$454
Jul 2015	0	252	48.15	2.95	$742
Jun 2015	0	223	56.15	2.88	$643
May 2015	0	285	55.21	2.96	$842
Apr 2015	0	181	49.82	2.71	$490
Mar 2015	0	354	42.89	2.93	$1,039
Feb 2015	0	106	44.66	2.98	$315
Jan 2015	0	305	43.43	3.10	$946
Dec 2014	0	140	54.69	3.59	$503
Nov 2014	0	234	70.46	4.25	$995
Oct 2014	0	262	78.30	3.90	$1,022
Sep 2014	0	354	86.16	4.05	$1,432
Aug 2014	0	312	89.39	4.04	$1,259
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	532	98.16	4.74	$2,520
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	414	97.40	6.19	$2,563
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	256	88.85	3.74	$957
Oct 2013	0	261	97.42	3.78	$986
Sep 2013	0	302	104.11	3.72	$1,123
Aug 2013	0	155	104.25	3.52	$546
Jul 2013	0	378	102.52	3.72	$1,405
Jun 2013	0	200	94.40	3.93	$787
May 2013	0	306	94.83	4.15	$1,270
Apr 2013	0	165	93.96	4.28	$707
Mar 2013	0	338	93.62	3.91	$1,323
Feb 2013	0	207	91.23	3.42	$708
Jan 2013	0	323	91.60	3.42	$1,105
Dec 2012	0	345	86.77	3.42	$1,180
Nov 2012	0	421	86.95	3.62	$1,526
Oct 2012	0	650	89.38	3.40	$2,210
Sep 2012	0	611	94.67	2.92	$1,783
Aug 2012	0	432	92.66	2.91	$1,256
Jul 2012	0	587	85.13	3.02	$1,773
Jun 2012	0	252	79.82	2.52	$635
May 2012	0	518	91.61	2.49	$1,289
Apr 2012	0	1,363	101.65	2.00	$2,722
Mar 2012	0	355	105.05	2.22	$789
Feb 2012	0	444	101.10	2.57	$1,141
Jan 2012	0	434	98.09	2.73	$1,187
Dec 2011	0	488	96.87	3.24	$1,581
Nov 2011	1	509	95.72	3.31	$1,781
Oct 2011	10	658	84.98	3.65	$3,251
Sep 2011	9	549	83.62	3.99	$2,941
Aug 2011	11	706	83.40	4.15	$3,847
Jul 2011	9	626	94.14	4.52	$3,675
Jun 2011	10	662	92.90	4.64	$4,001
May 2011	22	1,247	98.13	4.40	$7,652
Apr 2011	53	3,132	105.96	4.33	$19,188
Mar 2011	54	2,937	96.36	4.06	$17,120
Feb 2011	56	3,119	85.64	4.18	$17,833
Jan 2011	58	3,182	86.50	4.59	$19,619
Dec 2010	58	3,842	85.73	4.35	$21,676
Nov 2010	15	1,245	80.84	3.80	$5,938
Oct 2010	31	2,595	78.10	3.51	$11,527
Sep 2010	32	3,015	72.63	3.98	$14,322
Aug 2010	25	3,706	73.68	4.42	$18,220
Jul 2010	23	4,595	72.55	4.74	$23,433
Jun 2010	15	1,401	70.36	4.91	$7,935
May 2010	21	1,968	71.12	4.24	$9,828
Apr 2010	32	1,741	81.69	4.12	$9,792
Mar 2010	23	1,705	78.39	4.39	$9,286
Feb 2010	24	1,853	73.58	5.44	$11,851
Jan 2010	38	2,591	74.36	5.96	$18,279
Dec 2009	36	2,787	71.44	5.48	$17,855
Nov 2009	29	2,883	74.59	3.75	$12,979
Oct 2009	21	2,455	72.54	4.11	$11,614
Sep 2009	28	4,140	65.54	3.06	$14,523
Aug 2009	38	3,992	67.42	3.22	$15,410
Jul 2009	46	4,075	61.13	3.46	$16,930
Jun 2009	47	3,894	66.16	3.90	$18,277
May 2009	49	4,221	54.74	3.93	$19,253
Apr 2009	42	3,799	46.77	3.59	$15,593
Mar 2009	62	5,355	42.14	4.06	$24,349
Feb 2009	53	4,977	32.81	4.63	$24,797
Jan 2009	50	5,696	35.86	5.37	$32,386
Dec 2008	49	5,518	37.10	5.98	$34,800
Nov 2008	36	5,222	55.49	6.86	$37,822
Oct 2008	38	4,187	75.24	6.92	$31,841
Sep 2008	71	3,634	101.76	7.88	$35,850
Aug 2008	76	4,242	114.22	8.48	$44,666
Jul 2008	87	4,919	131.08	11.39	$67,429
Jun 2008	80	4,656	131.33	13.03	$71,186
May 2008	91	5,321	123.17	11.57	$72,795
Apr 2008	96	4,995	110.31	10.45	$62,812
Mar 2008	97	5,065	101.90	9.66	$58,833
Feb 2008	105	4,112	92.53	8.77	$45,780
Jan 2008	115	4,568	90.38	8.21	$47,877
Dec 2007	99	4,520	88.33	7.30	$41,750
Nov 2007	25	5,927	91.67	7.29	$45,510
Oct 2007	31	6,780	82.85	6.92	$49,499
Sep 2007	28	6,486	75.84	6.24	$42,623
Aug 2007	29	6,934	69.06	6.39	$46,297
Jul 2007	29	6,975	70.90	6.39	$46,612
Jun 2007	32	6,927	62.00	7.55	$54,272
May 2007	32	7,120	58.74	7.85	$57,745
Apr 2007	33	7,120	59.61	7.81	$57,540
Mar 2007	36	7,776	56.92	7.30	$58,829
Feb 2007	38	7,343	55.10	8.22	$62,424
Jan 2007	33	7,686	50.30	6.73	$53,362
Dec 2006	24	7,457	56.65	6.92	$52,950
Nov 2006	23	7,237	54.20	7.62	$56,374
Oct 2006	23	8,131	54.90	6.01	$50,161
Sep 2006	24	8,047	60.08	5.04	$41,976
Aug 2006	25	8,476	68.71	7.34	$63,931
Jul 2006	23	8,836	69.37	6.34	$57,640
Jun 2006	24	8,700	66.28	6.38	$57,130
May 2006	27	8,697	66.01	6.42	$57,661
Apr 2006	35	9,256	64.39	7.36	$70,382
Mar 2006	40	9,301	56.70	7.08	$68,146
Feb 2006	27	8,573	57.59	7.75	$68,005
Jan 2006	37	10,213	60.59	8.93	$93,478
Dec 2005	32	10,144	54.94	13.42	$137,844
Nov 2005	12	6,983	54.69	10.59	$74,595
Oct 2005	15	10,083	58.34	13.80	$139,978
Sep 2005	15	10,337	61.45	12.08	$125,782
Aug 2005	18	11,054	61.51	9.80	$109,401
Jul 2005	19	12,348	55.69	7.84	$97,911
Jun 2005	19	12,295	52.33	7.38	$91,744
May 2005	22	12,800	45.22	6.65	$86,130
Apr 2005	22	13,089	49.20	7.36	$97,424
Mar 2005	26	14,483	50.37	7.15	$104,934
Feb 2005	26	13,654	45.22	6.31	$87,359
Jan 2005	32	16,901	43.16	6.32	$108,233
Dec 2004	34	18,759	39.86	6.75	$127,999
Nov 2004	47	23,600	45.28	6.33	$151,526
Oct 2004	109	8,557	49.70	6.52	$61,167

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.

Mar 2021 — as filed, then multipliedworked

Condensate             7 bbl  × $ 61.30 =       $429
Gas                  486 Mcf  × $  2.72 =     $1,320

────────────────────────────────────────────────────
Month total                                   $1,750

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/207055 is the state's own key, not one this site invented.