OWENS, T.B. GAS UNIT

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 225243District 06Field 985630832 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.2 M
Mar 2006 – May 2026
Value, last 12 filed months
$119 k
at the published price for each month
Months reported
243
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112007-06-25174470
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
CondensateDisposition19,578 bbl$1,290,240
GasProduction829,099 Mcf$4,859,799
Total$6,150,038

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 32.6674, -94.2815. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.66737, -94.28147 · 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
10,055 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 10,055 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-20333316510,055 ftMar 2006

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

May 2026811,783106.413.05$14,050
Apr 2026701,36498.932.87$10,839
Mar 2026581,39889.753.15$9,608
Feb 2026561,26863.503.75$8,311
Jan 2026701,43659.138.00$15,624
Dec 2025721,39256.664.41$10,223
Nov 2025771,50458.593.93$10,417
Oct 2025681,41859.383.30$8,724
Sep 2025591,30062.743.08$7,702
Aug 2025591,30763.933.01$7,712
Jul 2025551,30966.743.32$8,010
Jun 2025551,26666.483.13$7,617
May 2025611,30160.553.23$7,899
Apr 2025601,22362.363.54$8,075
Mar 2025541,22467.704.27$8,880
Feb 20251225670.884.34$1,962
Jan 20251831874.324.28$2,698
Dec 20241935468.993.12$2,416
Nov 20242042969.052.20$2,324
Oct 20244582271.372.28$5,087
Sep 2024701,40769.612.36$8,199
Aug 2024521,35875.632.06$6,735
Jul 2024711,51479.932.15$8,925
Jun 2024641,47678.082.63$8,885
May 2024651,28678.812.20$7,950
Apr 2024701,42884.451.66$8,281
Mar 2024781,53980.301.55$8,641
Feb 2024791,41276.091.78$8,530
Jan 2024831,58073.023.30$11,271
Dec 2023861,61971.262.61$10,355
Nov 2023791,76777.892.81$11,114
Oct 2023891,85285.443.09$13,322
Sep 2023821,77589.042.74$12,156
Aug 2023852,00080.522.67$12,190
Jul 2023851,85574.852.64$11,263
Jun 2023721,82568.962.26$9,087
May 20231021,94070.622.23$11,524
Apr 2023981,81978.122.24$11,726
Mar 20231111,95372.852.39$12,760
Feb 2023841,74275.112.47$10,604
Jan 20231152,05876.533.39$15,773
Dec 20221061,95176.415.73$19,277
Nov 2022972,01985.005.65$19,645
Oct 20221062,13587.185.86$21,760
Sep 2022782,11484.888.16$23,879
Aug 2022962,12194.529.13$28,433
Jul 2022892,126101.587.54$25,075
Jun 2022892,019115.097.98$26,349
May 20221002,175109.378.43$29,279
Apr 2022921,836104.226.84$22,142
Mar 20221021,921108.885.08$20,858
Feb 20221162,00191.054.86$20,284
Jan 20221362,38081.844.54$21,930
Dec 20211082,09071.323.90$15,852
Nov 2021841,65677.435.24$15,176
Oct 2021691,47779.795.71$13,945
Sep 2021631,37669.865.35$11,764
Aug 2021651,44366.024.22$10,382
Jul 2021701,50970.783.98$10,964
Jun 2021671,40869.493.38$9,416
May 2021731,49963.483.02$9,158
Apr 2021721,32360.362.76$7,995
Mar 20214275961.302.72$4,637
Feb 2021621,07557.805.55$9,548
Jan 2021901,65250.412.81$9,179
Dec 20205693244.642.68$4,993
Nov 2020971,79138.772.71$8,608
Oct 2020861,61536.972.48$7,182
Sep 2020551,26337.091.99$4,555
Aug 2020641,55039.982.39$6,256
Jul 2020701,59438.371.83$5,595
Jun 2020691,63934.901.69$5,179
May 2020731,59616.921.81$4,132
Apr 2020561,00514.751.80$2,639
Mar 20204788830.341.86$3,074
Feb 2020621,06749.881.98$5,206
Jan 2020741,34957.252.09$7,062
Dec 20191012,34159.012.30$11,355
Nov 2019641,22955.302.75$6,920
Oct 2019601,44053.472.42$6,691
Sep 20193075355.052.66$3,652
Aug 2019461,15653.112.30$5,107
Jul 2019551,30456.272.46$6,303
Jun 2019531,25752.782.49$5,929
May 2019611,20758.482.74$6,875
Apr 2019551,03562.632.75$6,292
Mar 2019501,05456.803.06$6,067
Feb 20194487550.852.79$4,681
Jan 20194894846.033.23$5,270
Dec 20184286946.594.19$5,594
Nov 20183993952.934.24$6,043
Oct 20183481961.443.40$4,872
Sep 20182972859.543.11$3,989
Aug 20183071159.403.07$3,962
Jul 20183974765.142.93$4,731
Jun 20183782960.183.08$4,777
May 20183175665.382.90$4,220
Apr 20182048863.842.90$2,692
Mar 20183875261.222.79$4,422
Feb 20183468561.782.77$3,995
Jan 20182272162.874.01$4,274
Dec 20172075757.272.92$3,357
Nov 20171868755.423.12$3,140
Oct 20171664549.292.98$2,713
Sep 201710268547.523.09$6,962
Aug 2017951,22945.373.00$8,003
Jul 201710480643.873.09$7,051
Jun 20179969042.493.09$6,337
May 201711365245.373.26$7,255
Apr 201711272847.933.21$7,706
Mar 201712177046.772.98$7,957
Feb 201711278050.452.95$7,953
Jan 201711873749.413.42$8,350
Dec 201612284248.763.72$9,083
Nov 201611467642.492.64$6,631
Oct 20168779246.193.09$6,466
Sep 20165259841.553.10$4,015
Aug 20165143041.442.92$3,371
Jul 20165057341.622.92$3,757
Jun 20164749745.352.69$3,466
May 20164564342.521.99$3,194
Apr 20164737236.561.99$2,459
Mar 20165362033.011.79$2,862
Feb 20164339126.472.06$1,945
Jan 20165453927.352.36$2,751
Dec 20155348432.362.00$2,684
Nov 201516762038.792.17$7,822
Oct 201519238243.552.43$9,289
Sep 201518031542.992.76$8,607
Aug 20150040.162.87$0
Jul 20155048.152.95$241
Jun 201522644556.152.88$13,973
May 201523953755.212.96$14,782
Apr 201525841349.822.71$13,971
Mar 201530350442.892.93$14,475
Feb 201528143844.662.98$13,853
Jan 201535348243.433.10$16,825
Dec 201434013754.693.59$19,087
Nov 201423139370.464.25$17,947
Oct 201401178.303.90$43
Sep 2014016586.164.05$668
Aug 2014017889.394.04$718
Jul 2014017396.564.18$723
Jun 2014021998.164.74$1,037
May 2014024494.734.73$1,153
Apr 2014048095.944.81$2,308
Mar 201401,00095.895.06$5,057
Feb 2014089697.406.19$5,548
Jan 2014094090.404.86$4,569
Dec 2013017491.824.35$758
Nov 2013057288.853.74$2,138
Oct 201301,01097.423.78$3,817
Sep 20130924104.113.72$3,435
Aug 201301,278104.253.52$4,502
Jul 201301,259102.523.72$4,681
Jun 201301,26694.403.93$4,980
May 201301,01094.834.15$4,191
Apr 201301,16893.964.28$5,002
Mar 2013062693.623.91$2,449
Feb 2013085891.233.42$2,934
Jan 201301,00991.603.42$3,451
Dec 201201,30986.773.42$4,477
Nov 201201,42486.953.62$5,162
Oct 201201,61289.383.40$5,480
Sep 2012083994.672.92$2,449
Aug 201201,20992.662.91$3,516
Jul 201201,18385.133.02$3,574
Jun 2012055079.822.52$1,385
May 20120091.612.49$0
Apr 20120571101.652.00$1,140
Mar 20120666105.052.22$1,480
Feb 20120713101.102.57$1,833
Jan 2012075898.092.73$2,072
Dec 2011094696.873.24$3,065
Nov 201103,52295.723.31$11,662
Oct 201104,17084.983.65$15,214
Sep 201103,49583.623.99$13,930
Aug 201103,44883.404.15$14,307
Jul 2011063594.144.52$2,868
Jun 201103,62892.904.64$16,833
May 201103,84098.134.40$16,915
Apr 201103,632105.964.33$15,738
Mar 201103,04296.364.06$12,342
Feb 201103,40485.644.18$14,229
Jan 201103,55286.504.59$16,299
Dec 201003,92485.734.35$17,061
Nov 201003,74880.843.80$14,225
Oct 201004,23878.103.51$14,871
Sep 201004,36372.633.98$17,362
Aug 201005,95173.684.42$26,300
Jul 201007,32172.554.74$34,676
Jun 201005,51270.364.91$27,066
May 201005,58471.124.24$23,649
Apr 201005,12781.694.12$21,137
Mar 201005,14778.394.39$22,588
Feb 201005,07073.585.44$27,593
Jan 201002,20474.365.96$13,145
Dec 200905,06871.445.48$27,792
Nov 200904,73774.593.75$17,771
Oct 200905,62172.544.11$23,104
Sep 200907,01565.543.06$21,499
Aug 200906,18967.423.22$19,919
Jul 200906,73161.133.46$23,320
Jun 200905,89066.163.90$22,942
May 200905,93954.743.93$23,315
Apr 200905,82346.773.59$20,890
Mar 200906,25042.144.06$25,369
Feb 2009225,61532.814.63$26,736
Jan 20093047,46035.865.37$50,969
Dec 20083127,98337.105.98$59,291
Nov 20082307,34555.496.86$63,152
Oct 20082518,46675.246.92$77,487
Sep 20082344,372101.767.88$58,250
Aug 20082336,570114.228.48$82,347
Jul 20082348,628131.0811.39$128,941
Jun 20082178,951131.3313.03$145,154
May 20082249,144123.1711.57$133,425
Apr 20082518,576110.3110.45$117,349
Mar 20082629,642101.909.66$119,879
Feb 20083199,05292.538.77$108,908
Jan 20083259,27690.388.21$105,490
Dec 200709,98388.337.30$72,896
Nov 2007011,20691.677.29$81,711
Oct 20072112,07582.856.92$85,323
Sep 200723711,28175.846.24$88,414
Aug 200724510,21969.066.39$82,198
Jul 200723511,68070.906.39$91,273
Jun 200725011,68062.007.55$103,666
May 200724712,04058.747.85$108,978
Apr 200724712,50659.617.81$112,336
Mar 200725413,27556.927.30$111,391
Feb 200726412,43355.108.22$116,696
Jan 200725214,20950.306.73$108,257
Dec 200627315,58856.656.92$123,310
Nov 200624915,72854.207.62$133,304
Oct 200623117,51154.906.01$117,990
Sep 200623118,76160.085.04$108,381
Aug 200624321,43068.717.34$173,991
Jul 200622424,06869.376.34$168,196
Jun 200621426,44566.286.38$183,006
May 200626132,18166.016.42$223,992
Apr 200630736,78364.397.36$290,508
Mar 200632024,71456.707.08$193,191

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            81 bbl  × $106.41 =     $8,619
Gas                1,783 Mcf  × $  3.05 =     $5,431

────────────────────────────────────────────────────
Month total                                  $14,050

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/225243 is the state's own key, not one this site invented.