TIMBERSTAR-WATERMAN

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

Gas lease lease 242078District 06Field 028703002 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.0 M
Aug 2008 – May 2026
Value, last 12 filed months
$193 k
at the published price for each month
Months reported
214
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 169 leases and 169 wells, and the rule below applies to all of them.

Discovered
1981-06-16
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
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2014-03-11.

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 Gas112009-02-25187641
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
CondensateDisposition1,289 bbl$83,593
GasProduction3,139,659 Mcf$14,946,552
Total$15,030,145

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 31.6516, -94.3100. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.65160, -94.31002 · 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
7,258 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 7,258 ft.

Completions filed
Aug 2008
1 of 1 wells

1 well

42-405302281H7,258 ftAug 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 (214)

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

214 months

May 202604,831106.413.05$14,714
Apr 202605,25998.932.87$15,092
Mar 202602,34989.753.15$7,398
Feb 202604,35863.503.75$16,344
Jan 202604,68659.138.00$37,478
Dec 202503,55956.664.41$15,707
Nov 202504,43058.593.93$17,394
Oct 202504,56959.383.30$15,100
Sep 202504,38962.743.08$13,505
Aug 202504,44963.933.01$13,413
Jul 202504,71966.743.32$15,644
Jun 202503,72866.483.13$11,664
May 202505,01660.553.23$16,213
Apr 202503,43662.363.54$12,174
Mar 202504,65867.704.27$19,882
Feb 202504,01970.884.34$17,446
Jan 202504,10374.324.28$17,555
Dec 202404,73668.993.12$14,783
Nov 20241584,80969.052.20$21,482
Oct 202404,35271.372.28$9,929
Sep 202404,61869.612.36$10,919
Aug 202404,72275.632.06$9,744
Jul 202404,40879.932.15$9,462
Jun 202404,98178.082.63$13,120
May 202404,83478.812.20$10,627
Apr 202405,08584.451.66$8,437
Mar 202405,80480.301.55$8,968
Feb 202404,00876.091.78$7,149
Jan 202405,35773.023.30$17,666
Dec 202305,51971.262.61$14,409
Nov 202305,52377.892.81$15,506
Oct 202304,29985.443.09$13,272
Sep 202305,57989.042.74$15,259
Aug 202304,46780.522.67$11,940
Jul 202305,34874.852.64$14,128
Jun 202305,43168.962.26$12,266
May 202305,50170.622.23$12,253
Apr 202305,92578.122.24$13,259
Mar 202305,22072.852.39$12,492
Feb 202303,85875.112.47$9,513
Jan 202305,94276.533.39$20,130
Dec 202206,00376.415.73$34,392
Nov 202205,76285.005.65$32,533
Oct 202206,05587.185.86$35,505
Sep 202205,75084.888.16$46,941
Aug 202206,32894.529.13$57,757
Jul 202206,460101.587.54$48,722
Jun 202205,579115.097.98$44,505
May 202206,879109.378.43$58,011
Apr 202206,832104.226.84$46,714
Mar 202208,314108.885.08$42,205
Feb 202208,14691.054.86$39,580
Jan 2022010,52881.844.54$47,773
Dec 2021014,80971.323.90$57,742
Nov 2021013,89377.435.24$72,756
Oct 202102,37079.795.71$13,542
Sep 202102,71369.865.35$14,517
Aug 202103,07566.024.22$12,978
Jul 202133,25970.783.98$13,190
Jun 202122,63969.493.38$9,060
May 202102,68463.483.02$8,099
Apr 202103,22060.362.76$8,882
Mar 202104,26861.302.72$11,596
Feb 202101,97957.805.55$10,979
Jan 202102,92050.412.81$8,206
Dec 202002,66444.642.68$7,127
Nov 202002,15838.772.71$5,841
Oct 202001,66836.972.48$4,134
Sep 202001,14637.091.99$2,282
Aug 202001,09839.982.39$2,619
Jul 2020094238.371.83$1,719
Jun 202002,22434.901.69$3,759
May 202004,57516.921.81$8,302
Apr 202004,47314.751.80$8,071
Mar 202073,82330.341.86$7,309
Feb 202006,05149.881.98$11,985
Jan 202006,37457.252.09$13,352
Dec 201987,11559.012.30$16,868
Nov 201906,26555.302.75$17,233
Oct 201907,37153.472.42$17,827
Sep 201905,98355.052.66$15,899
Aug 201905,47053.112.30$12,605
Jul 201907,71056.272.46$18,967
Jun 201907,43952.782.49$18,532
May 201908,28258.482.74$22,695
Apr 201908,36562.632.75$23,010
Mar 201908,89156.803.06$27,225
Feb 201909,11450.852.79$25,448
Jan 2019010,08546.033.23$32,556
Dec 2018611,57146.594.19$48,709
Nov 2018013,51352.934.24$57,258
Oct 2018017,03261.443.40$57,876
Sep 201854,03059.543.11$12,823
Aug 20180759.403.07$21
Jul 201803,92365.142.93$11,502
Jun 201804,38860.183.08$13,502
May 201804,52465.382.90$13,123
Apr 201804,48963.842.90$13,022
Mar 201805,16161.222.79$14,383
Feb 201804,20361.782.77$11,626
Jan 201805,19662.874.01$20,832
Dec 201744,04057.272.92$12,032
Nov 201702,08755.423.12$6,508
Oct 201704,09049.292.98$12,203
Sep 201704,58247.523.09$14,146
Aug 201704,69345.373.00$14,100
Jul 201705,03343.873.09$15,538
Jun 201704,53042.493.09$13,985
May 201705,69745.373.26$18,592
Apr 20171474,43847.933.21$21,299
Mar 201704,85846.772.98$14,495
Feb 201704,20350.452.95$12,410
Jan 201784,99349.413.42$17,465
Dec 201605,10448.763.72$19,001
Nov 201604,71442.492.64$12,465
Oct 201604,96546.193.09$15,343
Sep 201604,54341.553.10$14,086
Aug 201605,51341.442.92$16,122
Jul 201605,59141.622.92$16,350
Jun 201687,64045.352.69$20,883
May 201603,61642.521.99$7,200
Apr 201604,69136.561.99$9,340
Mar 201606,64533.011.79$11,921
Feb 201606,87626.472.06$14,190
Jan 201607,77427.352.36$18,381
Dec 201505,71632.362.00$11,440
Nov 201505,95438.792.17$12,904
Oct 201507,33543.552.43$17,799
Sep 201506,55742.992.76$18,087
Aug 201506,72540.162.87$19,318
Jul 201507,58048.152.95$22,324
Jun 201507,89156.152.88$22,749
May 201509,05655.212.96$26,765
Apr 201508,92149.822.71$24,145
Mar 201509,49242.892.93$27,856
Feb 201508,32044.662.98$24,762
Jan 201509,39243.433.10$29,121
Dec 2014010,23254.693.59$36,747
Nov 201409,38870.464.25$39,916
Oct 201409,81778.303.90$38,296
Sep 201409,84186.164.05$39,811
Aug 2014010,42289.394.04$42,054
Jul 2014010,30596.564.18$43,071
Jun 2014010,27198.164.74$48,652
May 2014010,72994.734.73$50,711
Apr 2014010,66395.944.81$51,280
Mar 2014011,42495.895.06$57,769
Feb 2014010,68097.406.19$66,131
Jan 2014011,88590.404.86$57,770
Dec 2013012,12091.824.35$52,776
Nov 2013012,31388.853.74$46,029
Oct 2013014,37497.423.78$54,325
Sep 2013010,155104.113.72$37,754
Aug 2013011,546104.253.52$40,672
Jul 2013011,671102.523.72$43,390
Jun 2013011,24494.403.93$44,227
May 2013011,67994.834.15$48,457
Apr 2013012,05193.964.28$51,609
Mar 2013011,77093.623.91$46,054
Feb 2013010,71291.233.42$36,634
Jan 2013012,92491.603.42$44,199
Dec 2012013,25186.773.42$45,321
Nov 2012013,74386.953.62$49,818
Oct 2012014,55389.383.40$49,476
Sep 20128815,47294.672.92$53,484
Aug 2012014,27692.662.91$41,517
Jul 2012014,74885.133.02$44,551
Jun 2012014,22779.822.52$35,838
May 2012014,75991.612.49$36,725
Apr 2012012,272101.652.00$24,505
Mar 2012011,425105.052.22$25,387
Feb 2012015,816101.102.57$40,651
Jan 2012016,17398.092.73$44,218
Dec 2011014,38296.873.24$46,594
Nov 2011014,58895.723.31$48,305
Oct 2011015,36484.983.65$56,056
Sep 2011014,52383.623.99$57,886
Aug 2011018,09083.404.15$75,061
Jul 2011018,41594.144.52$83,185
Jun 20118718,77192.904.64$95,177
May 2011022,32798.134.40$98,346
Apr 2011021,459105.964.33$92,988
Mar 2011017,57296.364.06$71,296
Feb 2011019,39685.644.18$81,075
Jan 2011021,73586.504.59$99,737
Dec 201010122,95485.734.35$108,457
Nov 2010022,38080.843.80$84,939
Oct 2010025,38778.103.51$89,080
Sep 2010025,90572.633.98$103,088
Aug 2010027,21373.684.42$120,264
Jul 2010027,29772.554.74$129,292
Jun 2010028,76770.364.91$141,257
May 2010024,64371.124.24$104,369
Apr 20109929,82081.694.12$131,026
Mar 2010022,45478.394.39$98,543
Feb 2010029,90073.585.44$162,727
Jan 2010135,14074.365.96$209,652
Dec 2009039,27171.445.48$215,352
Nov 20099730,19074.593.75$120,493
Oct 2009037,74272.544.11$155,129
Sep 2009038,83565.543.06$119,020
Aug 2009039,19667.423.22$126,152
Jul 20098051,84561.133.46$184,507
Jun 2009049,02366.163.90$190,945
May 2009056,09354.743.93$220,207
Apr 20098555,92346.773.59$204,599
Mar 2009059,96042.144.06$243,378
Feb 20097365,04732.814.63$303,758
Jan 2009083,89935.865.37$450,622
Dec 20085588,49837.105.98$531,005
Nov 2008167107,27755.496.86$745,226
Oct 20080175,97975.246.92$1,218,123
Sep 20080330,565101.767.88$2,603,890
Aug 2008098,376114.228.48$834,526

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                4,831 Mcf  × $  3.05 =    $14,714

────────────────────────────────────────────────────
Month total                                  $14,714

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/242078 is the state's own key, not one this site invented.