MORGAN GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) 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 232016District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.7 M
Oct 2007 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
224
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 Gas112008-01-29180220
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
CondensateDisposition864 bbl$71,829
GasProduction280,363 Mcf$1,677,542
Total$1,749,371

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 32.4773, -94.6210. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.47733, -94.62098 · 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
11,200 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 11,200 ft.

Completions filed
Oct 2007
1 of 1 wells

1 well

42-20333921111,200 ftOct 2007

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 (224)

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

224 months

May 202600106.413.05$0
Apr 2026012098.932.87$344
Mar 2026024189.753.15$759
Feb 2026015263.503.75$570
Jan 2026013759.138.00$1,096
Dec 2025018456.664.41$812
Nov 2025020958.593.93$821
Oct 2025013159.383.30$433
Sep 2025015662.743.08$480
Aug 2025019563.933.01$588
Jul 2025013466.743.32$444
Jun 2025016566.483.13$516
May 2025011860.553.23$381
Apr 2025015662.363.54$553
Mar 2025026467.704.27$1,127
Feb 2025029870.884.34$1,294
Jan 20250074.324.28$0
Dec 202401268.993.12$37
Nov 202406069.052.20$132
Oct 2024017971.372.28$408
Sep 20240069.612.36$0
Aug 2024050975.632.06$1,050
Jul 2024032979.932.15$706
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 2024038384.451.66$635
Mar 20240080.301.55$0
Feb 2024025076.091.78$446
Jan 2024017073.023.30$561
Dec 20230071.262.61$0
Nov 202302277.892.81$62
Oct 202305085.443.09$154
Sep 2023014889.042.74$405
Aug 2023019180.522.67$511
Jul 2023038574.852.64$1,017
Jun 2023046168.962.26$1,041
May 2023019570.622.23$434
Apr 2023044378.122.24$991
Mar 2023039572.852.39$945
Feb 202302,75475.112.47$6,790
Jan 20230076.533.39$0
Dec 2022028776.415.73$1,644
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 202010016.921.81$169
Apr 202009614.751.80$173
Mar 2020028430.341.86$527
Feb 2020051849.881.98$1,026
Jan 2020050957.252.09$1,066
Dec 2019027759.012.30$638
Nov 2019056255.302.75$1,546
Oct 2019033453.472.42$808
Sep 2019027255.052.66$723
Aug 20190053.112.30$0
Jul 2019015956.272.46$391
Jun 20190052.782.49$0
May 2019039158.482.74$1,071
Apr 20190062.632.75$0
Mar 2019016256.803.06$496
Feb 2019050350.852.79$1,404
Jan 201909146.033.23$294
Dec 2018037346.594.19$1,561
Nov 2018023652.934.24$1,000
Oct 2018030161.443.40$1,023
Sep 2018024559.543.11$761
Aug 2018029559.403.07$905
Jul 2018041565.142.93$1,217
Jun 2018023460.183.08$720
May 2018041465.382.90$1,201
Apr 2018034663.842.90$1,004
Mar 2018028361.222.79$789
Feb 2018029161.782.77$805
Jan 2018040662.874.01$1,628
Dec 2017037857.272.92$1,104
Nov 2017055155.423.12$1,718
Oct 2017651149.292.98$1,820
Sep 2017057047.523.09$1,760
Aug 2017063845.373.00$1,917
Jul 2017036543.873.09$1,127
Jun 2017060442.493.09$1,865
May 2017063645.373.26$2,076
Apr 2017068047.933.21$2,184
Mar 2017072646.772.98$2,166
Feb 2017058450.452.95$1,724
Jan 2017064849.413.42$2,215
Dec 2016072948.763.72$2,714
Nov 2016063242.492.64$1,671
Oct 2016069946.193.09$2,160
Sep 2016067741.553.10$2,099
Aug 2016084341.442.92$2,465
Jul 2016040241.622.92$1,176
Jun 2016055245.352.69$1,483
May 2016447542.521.99$1,116
Apr 20165049336.561.99$2,810
Mar 2016057033.011.79$1,023
Feb 2016028126.472.06$580
Jan 2016031827.352.36$752
Dec 2015089132.362.00$1,783
Nov 2015025238.792.17$546
Oct 2015046543.552.43$1,128
Sep 2015078342.992.76$2,160
Aug 2015086540.162.87$2,485
Jul 2015068648.152.95$2,020
Jun 2015072056.152.88$2,076
May 2015065355.212.96$1,930
Apr 2015062349.822.71$1,686
Mar 2015057642.892.93$1,690
Feb 20151559944.662.98$2,453
Jan 2015045643.433.10$1,414
Dec 2014073554.693.59$2,640
Nov 2014056670.464.25$2,407
Oct 2014044378.303.90$1,728
Sep 2014048986.164.05$1,978
Aug 2014046989.394.04$1,892
Jul 2014046396.564.18$1,935
Jun 2014046198.164.74$2,184
May 2014039594.734.73$1,867
Apr 2014048495.944.81$2,328
Mar 2014042695.895.06$2,154
Feb 2014050597.406.19$3,127
Jan 2014041690.404.86$2,022
Dec 20131546491.824.35$3,398
Nov 2013057588.853.74$2,150
Oct 2013059497.423.78$2,245
Sep 20130763104.113.72$2,837
Aug 20130752104.253.52$2,649
Jul 20130919102.523.72$3,417
Jun 2013065494.403.93$2,572
May 2013085694.834.15$3,552
Apr 20131161793.964.28$3,676
Mar 201301,11093.623.91$4,343
Feb 201301,13591.233.42$3,882
Jan 201301,01391.603.42$3,464
Dec 201201,11986.773.42$3,827
Nov 201201,10086.953.62$3,987
Oct 201201,38089.383.40$4,692
Sep 2012064794.672.92$1,888
Aug 2012092892.662.91$2,699
Jul 2012057285.133.02$1,728
Jun 2012347179.822.52$1,426
May 2012040691.612.49$1,010
Apr 20120476101.652.00$950
Mar 20120457105.052.22$1,015
Feb 20127489101.102.57$1,965
Jan 2012058498.092.73$1,597
Dec 2011062496.873.24$2,022
Nov 2011055995.723.31$1,851
Oct 2011065384.983.65$2,383
Sep 2011061583.623.99$2,451
Aug 2011056783.404.15$2,353
Jul 2011052794.144.52$2,381
Jun 2011056192.904.64$2,603
May 2011062298.134.40$2,740
Apr 20110594105.964.33$2,574
Mar 2011063696.364.06$2,580
Feb 2011058385.644.18$2,437
Jan 2011064186.504.59$2,941
Dec 2010060985.734.35$2,648
Nov 2010058880.843.80$2,232
Oct 2010064678.103.51$2,267
Sep 2010044072.633.98$1,751
Aug 2010072673.684.42$3,208
Jul 2010285972.554.74$4,214
Jun 201001,12270.364.91$5,509
May 201002,32171.124.24$9,830
Apr 201002,53781.694.12$10,459
Mar 201072,29678.394.39$10,625
Feb 201062,31373.585.44$13,030
Jan 201002,39974.365.96$14,308
Dec 200934,14671.445.48$22,950
Nov 200961,96574.593.75$7,819
Oct 200913,60272.544.11$14,878
Sep 200983,74865.543.06$12,011
Aug 200953,09367.423.22$10,292
Jul 200903,13461.133.46$10,858
Jun 200952,97566.163.90$11,918
May 2009225,59654.743.93$23,173
Apr 200907,33646.773.59$26,318
Mar 200966,25042.144.06$25,622
Feb 2009476,59232.814.63$32,083
Jan 2009777,81235.865.37$44,719
Dec 2008187,44237.105.98$45,150
Nov 2008177,95855.496.86$55,538
Oct 20081118,20175.246.92$65,119
Sep 2008688,600101.767.88$74,663
Aug 2008658,725114.228.48$81,439
Jul 200834,683131.0811.39$53,730
Jun 20081886,088131.3313.03$104,033
May 200856,388123.1711.57$74,552
Apr 200836,870110.3110.45$72,156
Mar 200857,853101.909.66$76,401
Feb 200888,28392.538.77$73,387
Jan 200869,61190.388.21$79,408
Dec 2007711,25988.337.30$82,831
Nov 20071416,89591.677.29$124,477
Oct 20073018,27682.856.92$128,992

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  120 Mcf  × $  2.87 =       $344

────────────────────────────────────────────────────
Month total                                     $344

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/232016 is the state's own key, not one this site invented.