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 245620District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$382 k
Nov 2008 – May 2026
Value, last 12 filed months
$387
at the published price for each month
Months reported
211
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 Gas112009-05-12191526
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
CondensateDisposition146 bbl$10,707
GasProduction90,736 Mcf$370,842
Total$381,549

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 32.4817, -94.6142. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48173, -94.61425 · 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
12,435 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 12,435 ft.

Completions filed
Nov 2008
1 of 1 wells

1 well

42-20334512212,435 ftNov 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 (211)

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

211 months

May 202600106.413.05$0
Apr 202601098.932.87$29
Mar 202601089.753.15$31
Feb 202601063.503.75$38
Jan 202601059.138.00$80
Dec 202501056.664.41$44
Nov 202501058.593.93$39
Oct 202501559.383.30$50
Sep 20250062.743.08$0
Aug 202501563.933.01$45
Jul 20250066.743.32$0
Jun 202501066.483.13$31
May 202501060.553.23$32
Apr 202501062.363.54$35
Mar 202509867.704.27$418
Feb 202507670.884.34$330
Jan 20250074.324.28$0
Dec 20240768.993.12$22
Nov 202402169.052.20$46
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 202403875.632.06$78
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 202402084.451.66$33
Mar 20240080.301.55$0
Feb 202401876.091.78$32
Jan 20240273.023.30$7
Dec 20230071.262.61$0
Nov 202301777.892.81$48
Oct 20230085.443.09$0
Sep 202302789.042.74$74
Aug 202305280.522.67$139
Jul 202305274.852.64$137
Jun 202306768.962.26$151
May 2023016470.622.23$365
Apr 20230078.122.24$0
Mar 2023021872.852.39$522
Feb 2023066675.112.47$1,642
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 20202016.921.81$34
Apr 202003714.751.80$67
Mar 2020013730.341.86$254
Feb 2020034049.881.98$673
Jan 20200057.252.09$0
Dec 2019013859.012.30$318
Nov 20190055.302.75$0
Oct 2019017753.472.42$428
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 201907550.852.79$209
Jan 201902846.033.23$90
Dec 2018010546.594.19$439
Nov 201804952.934.24$208
Oct 201805961.443.40$200
Sep 2018011459.543.11$354
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 201806460.183.08$197
May 201806565.382.90$189
Apr 201808863.842.90$255
Mar 201806761.222.79$187
Feb 2018010761.782.77$296
Jan 201804262.874.01$168
Dec 201702457.272.92$70
Nov 201708255.423.12$256
Oct 201717449.292.98$270
Sep 201708347.523.09$256
Aug 201707345.373.00$219
Jul 201709443.873.09$290
Jun 201707942.493.09$244
May 201705345.373.26$173
Apr 201706547.933.21$209
Mar 201705946.772.98$176
Feb 2017010050.452.95$295
Jan 201705749.413.42$195
Dec 2016010148.763.72$376
Nov 201604942.492.64$130
Oct 201608046.193.09$247
Sep 2016036841.553.10$1,141
Aug 2016027041.442.92$790
Jul 201605741.622.92$167
Jun 201609845.352.69$263
May 2016010142.521.99$201
Apr 201646836.561.99$282
Mar 2016010333.011.79$185
Feb 2016011826.472.06$244
Jan 2016011127.352.36$262
Dec 2015012832.362.00$256
Nov 2015012738.792.17$275
Oct 2015017643.552.43$427
Sep 2015013442.992.76$370
Aug 2015014040.162.87$402
Jul 2015018948.152.95$557
Jun 2015034856.152.88$1,003
May 2015019455.212.96$573
Apr 2015023349.822.71$631
Mar 2015023742.892.93$696
Feb 20151724244.662.98$1,479
Jan 2015042343.433.10$1,312
Dec 2014061254.693.59$2,198
Nov 2014040270.464.25$1,709
Oct 2014050078.303.90$1,950
Sep 2014035586.164.05$1,436
Aug 2014046289.394.04$1,864
Jul 2014045196.564.18$1,885
Jun 2014040198.164.74$1,899
May 2014041194.734.73$1,943
Apr 2014038495.944.81$1,847
Mar 2014037695.895.06$1,901
Feb 2014024997.406.19$1,542
Jan 2014037390.404.86$1,813
Dec 20131935291.824.35$3,277
Nov 2013039688.853.74$1,480
Oct 2013046497.423.78$1,754
Sep 20130666104.113.72$2,476
Aug 20130679104.253.52$2,392
Jul 20130681102.523.72$2,532
Jun 2013056994.403.93$2,238
May 2013045094.834.15$1,867
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130391.603.42$10
Dec 20120386.773.42$10
Nov 20120086.953.62$0
Oct 2012084889.383.40$2,883
Sep 2012081694.672.92$2,381
Aug 201201,11892.662.91$3,251
Jul 201201,55085.133.02$4,682
Jun 20121071779.822.52$2,604
May 201201,19191.612.49$2,964
Apr 201201,232101.652.00$2,460
Mar 201201,210105.052.22$2,689
Feb 201218810101.102.57$3,902
Jan 201201,43898.092.73$3,932
Dec 201101,17396.873.24$3,800
Nov 201101,16795.723.31$3,864
Oct 2011092084.983.65$3,357
Sep 201101,12583.623.99$4,484
Aug 201111,27283.404.15$5,361
Jul 201101,75294.144.52$7,914
Jun 201101,89692.904.64$8,797
May 201101,88398.134.40$8,294
Apr 201101,292105.964.33$5,599
Mar 201101,40296.364.06$5,688
Feb 201102,25185.644.18$9,409
Jan 201102,13186.504.59$9,779
Dec 2010182,02585.734.35$10,347
Nov 201001,86380.843.80$7,071
Oct 201002,12478.103.51$7,453
Sep 201012,38972.633.98$9,580
Aug 201002,66973.684.42$11,795
Jul 2010263,47472.554.74$18,341
Jun 2010092770.364.91$4,552
May 2010052871.124.24$2,236
Apr 2010062281.694.12$2,564
Mar 2010243178.394.39$2,048
Feb 2010258673.585.44$3,336
Jan 2010042274.365.96$2,517
Dec 2009266371.445.48$3,779
Nov 2009495374.593.75$3,874
Oct 2009083772.544.11$3,440
Sep 200931,14765.543.06$3,712
Aug 200931,40767.423.22$4,731
Jul 200901,08661.133.46$3,762
Jun 200931,55666.163.90$6,259
May 2009498154.743.93$4,070
Apr 200901,27446.773.59$4,570
Mar 200911,15842.144.06$4,742
Feb 200941,44032.814.63$6,803
Jan 200914,84935.865.37$26,080
Dec 200808,16837.105.98$48,821
Nov 2008043155.496.86$2,957

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                   10 Mcf  × $  2.87 =        $29

────────────────────────────────────────────────────
Month total                                      $29

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/245620 is the state's own key, not one this site invented.