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 236972District 06Field 985630832 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.6 M
Apr 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
218
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 Gas112008-08-05184826
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
CondensateDisposition10,448 bbl$827,823
GasProduction530,983 Mcf$2,787,480
Total$3,615,304

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 32.6708, -94.2736. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.67082, -94.27355 · 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
10,090 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 10,090 ft.

Completions filed
Oct 2021
1 of 1 wells

1 well

42-20334173710,090 ftOct 2021

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 (218)

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

218 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 20180365.142.93$9
Jun 20180160.183.08$3
May 20180265.382.90$6
Apr 20180663.842.90$17
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 20171041245.373.26$1,798
Apr 2017101,58447.933.21$5,566
Mar 2017025146.772.98$749
Feb 2017120350.452.95$650
Jan 20173891549.413.42$5,006
Dec 20163870148.763.72$4,463
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20162523941.553.10$1,780
Aug 2016241,27341.442.92$4,717
Jul 2016241,39141.622.92$5,067
Jun 2016221,02345.352.69$3,745
May 2016211,80742.521.99$4,491
Apr 2016222,31636.561.99$5,416
Mar 2016252,99733.011.79$6,202
Feb 2016492,54326.472.06$6,545
Jan 2016602,06427.352.36$6,521
Dec 20156056332.362.00$3,068
Nov 20155124038.792.17$2,498
Oct 20153418743.552.43$1,934
Sep 20151042.992.76$43
Aug 2015611340.162.87$2,487
Jul 20157115448.152.95$3,872
Jun 20156937256.152.88$4,947
May 20157314455.212.96$4,456
Apr 20157827049.822.71$4,617
Mar 20159227542.892.93$4,753
Feb 20158633444.662.98$4,835
Jan 201510741943.433.10$5,946
Dec 20141031,18754.693.59$9,896
Nov 20147414370.464.25$5,822
Oct 2014101978.303.90$7,943
Sep 201410247686.164.05$10,714
Aug 201410840889.394.04$11,300
Jul 201410520696.564.18$11,000
Jun 201411320098.164.74$12,039
May 201412625394.734.73$13,132
Apr 201412325295.944.81$13,013
Mar 201413622995.895.06$14,199
Feb 201413129097.406.19$14,555
Jan 201415426590.404.86$15,210
Dec 201310632091.824.35$11,126
Nov 201310230488.853.74$10,199
Oct 201311052897.423.78$12,712
Sep 201395446104.113.72$11,549
Aug 2013121277104.253.52$13,590
Jul 2013125351102.523.72$14,120
Jun 201310626094.403.93$11,029
May 201312928394.834.15$13,407
Apr 201313119793.964.28$13,152
Mar 20131524,76393.623.91$32,867
Feb 20131595,74791.233.42$34,160
Jan 20131625,17291.603.42$32,527
Dec 20121405,59286.773.42$31,273
Nov 2012915,96886.953.62$29,546
Oct 201206,65489.383.40$22,621
Sep 201205,40694.672.92$15,777
Aug 201206,64892.662.91$19,333
Jul 201206,78885.133.02$20,505
Jun 201206,80979.822.52$17,152
May 201206,81191.612.49$16,948
Apr 201205,883101.652.00$11,747
Mar 201206,206105.052.22$13,790
Feb 201205,968101.102.57$15,339
Jan 201296,10598.092.73$17,574
Dec 20112315,46196.873.24$40,069
Nov 20111705,25395.723.31$33,667
Oct 20111545,69684.983.65$33,869
Sep 20111395,31683.623.99$32,812
Aug 20111646,22883.404.15$39,520
Jul 20111425,76394.144.52$39,401
Jun 20111506,11392.904.64$42,299
May 20111575,74698.134.40$40,717
Apr 20111795,999105.964.33$44,962
Mar 20112016,48796.364.06$45,688
Feb 20111835,88085.644.18$40,250
Jan 20112026,36186.504.59$46,662
Dec 20101977,40385.734.35$49,075
Nov 20101416,29580.843.80$35,290
Oct 20101677,54978.103.51$39,531
Sep 20101477,50972.633.98$40,558
Aug 20101179,43173.684.42$50,300
Jul 201010110,25972.554.74$55,919
Jun 20101507,75870.364.91$48,649
May 20101678,27671.124.24$46,928
Apr 20102577,29281.694.12$51,057
Mar 20102038,14478.394.39$51,655
Feb 20101607,43273.585.44$52,220
Jan 20101043,67374.365.96$29,640
Dec 20092028,33871.445.48$60,154
Nov 20091427,56774.593.75$38,979
Oct 2009778,89972.544.11$42,163
Sep 20097610,55865.543.06$37,339
Aug 2009939,34567.423.22$36,347
Jul 200912110,04661.133.46$42,201
Jun 200913610,54366.163.90$50,063
May 200912610,16254.743.93$46,791
Apr 20091149,85746.773.59$40,694
Mar 200913010,49542.144.06$48,077
Feb 20091089,60532.814.63$48,043
Jan 200910711,39035.865.37$65,013
Dec 200812713,50037.105.98$85,403
Nov 200810113,47055.496.86$98,014
Oct 200811113,94475.246.92$104,872
Sep 2008787,960101.767.88$70,639
Aug 20089410,484114.228.48$99,673
Jul 200813014,657131.0811.39$183,975
Jun 200812616,720131.3313.03$234,453
May 2008022,653123.1711.57$262,192
Apr 2008019,360110.3110.45$202,406

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.

Jul 2018 — as filed, then multipliedworked
Condensate             0 bbl  × $ 65.14 =         $0
Gas                    3 Mcf  × $  2.93 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/236972 is the state's own key, not one this site invented.