MORGAN ESTATE GU

Operated by CRATON OPERATING LLC (P-5 186717) 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 237390District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.5 M
May 2008 – May 2026
Value, last 12 filed months
$18 k
at the published price for each month
Months reported
217
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 Gas112008-08-14184953
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
CondensateDisposition473 bbl$29,379
GasProduction374,818 Mcf$1,466,010
Total$1,495,389

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 32.3093, -94.7721. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.30933, -94.77211 · 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
10,967 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 10,967 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-40134656310,967 ftMay 2008

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 (217)

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

217 months

May 202601,485106.413.05$4,523
Apr 202601,95198.932.87$5,599
Mar 202602,06089.753.15$6,488
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 2025052866.483.13$1,652
May 2025052860.553.23$1,707
Apr 2025059662.363.54$2,112
Mar 2025024967.704.27$1,063
Feb 2025035070.884.34$1,519
Jan 202501,06474.324.28$4,553
Dec 2024072568.993.12$2,263
Nov 202401,26069.052.20$2,770
Oct 202401,06771.372.28$2,434
Sep 2024069069.612.36$1,631
Aug 2024070275.632.06$1,449
Jul 2024065679.932.15$1,408
Jun 2024082878.082.63$2,181
May 2024092278.812.20$2,027
Apr 2024094484.451.66$1,566
Mar 202401,04680.301.55$1,616
Feb 202401,40476.091.78$2,504
Jan 2024073173.023.30$2,411
Dec 2023083371.262.61$2,175
Nov 2023087477.892.81$2,454
Oct 2023091385.443.09$2,819
Sep 2023083889.042.74$2,292
Aug 202301,40780.522.67$3,761
Jul 202301,80874.852.64$4,776
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 2023073176.533.39$2,476
Dec 202201,37976.415.73$7,900
Nov 2022084385.005.65$4,760
Oct 2022086487.185.86$5,066
Sep 2022083584.888.16$6,817
Aug 2022091094.529.13$8,306
Jul 20220890101.587.54$6,712
Jun 20220925115.097.98$7,379
May 20220965109.378.43$8,138
Apr 20220936104.226.84$6,400
Mar 202201,146108.885.08$5,818
Feb 202201,09591.054.86$5,320
Jan 2022084981.844.54$3,852
Dec 2021087771.323.90$3,420
Nov 2021094277.435.24$4,933
Oct 2021094579.795.71$5,400
Sep 202101,01869.865.35$5,447
Aug 202101,30366.024.22$5,499
Jul 202101,07970.783.98$4,297
Jun 2021090169.493.38$3,046
May 202101,02063.483.02$3,078
Apr 202101,04460.362.76$2,880
Mar 202101,18261.302.72$3,211
Feb 202101,07257.805.55$5,947
Jan 202101,07150.412.81$3,010
Dec 202001,02644.642.68$2,745
Nov 202001,22238.772.71$3,307
Oct 202001,33336.972.48$3,304
Sep 202001,60437.091.99$3,194
Aug 2020088339.982.39$2,106
Jul 202001,09338.371.83$1,995
Jun 202001,12034.901.69$1,893
May 202001,20416.921.81$2,185
Apr 202001,23114.751.80$2,221
Mar 202001,58130.341.86$2,935
Feb 202001,14849.881.98$2,274
Jan 202001,24457.252.09$2,606
Dec 201901,37459.012.30$3,166
Nov 201901,32055.302.75$3,631
Oct 201901,37053.472.42$3,313
Sep 201901,37955.052.66$3,664
Aug 201901,74753.112.30$4,026
Jul 201901,24956.272.46$3,073
Jun 201901,53552.782.49$3,824
May 201901,25858.482.74$3,447
Apr 201901,22762.632.75$3,375
Mar 201901,53956.803.06$4,713
Feb 201901,51250.852.79$4,222
Jan 201901,83646.033.23$5,927
Dec 201801,81646.594.19$7,601
Nov 201801,76052.934.24$7,458
Oct 201801,66661.443.40$5,661
Sep 201801,36759.543.11$4,249
Aug 201801,43059.403.07$4,385
Jul 201801,46465.142.93$4,292
Jun 201801,46360.183.08$4,502
May 201801,51265.382.90$4,386
Apr 201801,24663.842.90$3,614
Mar 201801,44161.222.79$4,016
Feb 201801,28861.782.77$3,563
Jan 201801,36362.874.01$5,465
Dec 201701,45557.272.92$4,251
Nov 201701,45155.423.12$4,525
Oct 201701,50749.292.98$4,496
Sep 201701,46647.523.09$4,526
Aug 201701,53145.373.00$4,600
Jul 201701,56043.873.09$4,816
Jun 201701,04942.493.09$3,239
May 201701,48945.373.26$4,859
Apr 201701,41547.933.21$4,544
Mar 201701,44246.772.98$4,302
Feb 201701,38750.452.95$4,095
Jan 201701,49849.413.42$5,121
Dec 201601,37048.763.72$5,100
Nov 201601,58242.492.64$4,183
Oct 201601,54146.193.09$4,762
Sep 201601,46341.553.10$4,536
Aug 201601,53241.442.92$4,480
Jul 201601,57441.622.92$4,603
Jun 201601,56945.352.69$4,214
May 201601,82242.521.99$3,628
Apr 201601,67936.561.99$3,343
Mar 201601,52533.011.79$2,736
Feb 201601,52326.472.06$3,143
Jan 201601,71427.352.36$4,053
Dec 201501,71832.362.00$3,438
Nov 20151441,73238.792.17$9,340
Oct 201501,77743.552.43$4,312
Sep 201501,74342.992.76$4,808
Aug 201501,83240.162.87$5,262
Jul 201501,54948.152.95$4,562
Jun 201501,40056.152.88$4,036
May 201501,61355.212.96$4,767
Apr 201501,65049.822.71$4,466
Mar 201501,54142.892.93$4,522
Feb 201501,50644.662.98$4,482
Jan 201501,59043.433.10$4,930
Dec 201401,64554.693.59$5,908
Nov 201401,60370.464.25$6,816
Oct 201401,68578.303.90$6,573
Sep 201401,70786.164.05$6,906
Aug 201401,61289.394.04$6,505
Jul 201401,97396.564.18$8,246
Jun 201401,85098.164.74$8,763
May 201401,70894.734.73$8,073
Apr 201411,54695.944.81$7,531
Mar 201401,70795.895.06$8,632
Feb 201401,56997.406.19$9,715
Jan 201401,61890.404.86$7,865
Dec 201311,74791.824.35$7,699
Nov 201301,85588.853.74$6,935
Oct 201301,82797.423.78$6,905
Sep 201301,756104.113.72$6,528
Aug 201301,808104.253.52$6,369
Jul 201301,632102.523.72$6,067
Jun 201301,81894.403.93$7,151
May 201301,87894.834.15$7,792
Apr 201301,84793.964.28$7,910
Mar 201301,95293.623.91$7,638
Feb 201301,72091.233.42$5,882
Jan 201302,07391.603.42$7,089
Dec 201201,70786.773.42$5,838
Nov 201201,96686.953.62$7,127
Oct 201201,99589.383.40$6,782
Sep 201202,21294.672.92$6,456
Aug 201202,38692.662.91$6,939
Jul 201202,22985.133.02$6,733
Jun 201202,21579.822.52$5,580
May 201202,47191.612.49$6,149
Apr 201202,404101.652.00$4,800
Mar 201202,147105.052.22$4,771
Feb 201202,387101.102.57$6,135
Jan 201202,59498.092.73$7,092
Dec 201102,65296.873.24$8,592
Nov 201102,64495.723.31$8,755
Oct 201102,63184.983.65$9,599
Sep 201102,72183.623.99$10,845
Aug 201112,76183.404.15$11,540
Jul 201102,90794.144.52$13,132
Jun 201112,78992.904.64$13,034
May 201103,00398.134.40$13,228
Apr 201102,971105.964.33$12,874
Mar 201103,16996.364.06$12,858
Feb 201113,81285.644.18$16,020
Jan 201101,42886.504.59$6,553
Dec 201001,66885.734.35$7,252
Nov 201011,93880.843.80$7,436
Oct 201001,95678.103.51$6,863
Sep 201002,16372.633.98$8,608
Aug 201002,04573.684.42$9,038
Jul 201013,21872.554.74$15,315
Jun 20101332,67470.364.91$22,488
May 201003,17571.124.24$13,447
Apr 201013,37481.694.12$13,992
Mar 201034,52378.394.39$20,085
Feb 20101814,54773.585.44$38,064
Jan 201004,67374.365.96$27,870
Dec 200915,20371.445.48$28,603
Nov 200905,30274.593.75$19,890
Oct 200905,69372.544.11$23,400
Sep 200905,88165.543.06$18,024
Aug 200906,66967.423.22$21,464
Jul 200906,76861.133.46$23,448
Jun 200904,90866.163.90$19,117
May 200903,23154.743.93$12,684
Apr 200903,75946.773.59$13,485
Mar 200935,03142.144.06$20,547
Feb 2009073332.814.63$3,396
Jan 200902,93735.865.37$15,775
Dec 200804,21737.105.98$25,206
Nov 200808,14155.496.86$55,850
Oct 200803,13375.246.92$21,687
Sep 200800101.767.88$0
Aug 2008084114.228.48$713
Jul 200801,045131.0811.39$11,902
Jun 200803,479131.3313.03$45,341
May 200803,386123.1711.57$39,191

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             0 bbl  × $106.41 =         $0
Gas                1,485 Mcf  × $  3.05 =     $4,523

────────────────────────────────────────────────────
Month total                                   $4,523

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/237390 is the state's own key, not one this site invented.