PIERCE, PEGGY R. GAS UNIT

Name: PIERCE, PEGGY R. GAS UNIT lease production and value, Aug 2010 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 259606District 06Field 985630832 tax incentive programmesCondensateGasSave Export

Value, all time

$17.1 M

Aug 2010 – May 2026

Value, last 12 filed months

$333 k

at the published price for each month

Months reported

190

no gaps in the span

Streams

condensate, gas

The WOODLAWN (COTTON VALLEY) field

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2011-05-13	202268
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	12,367 bbl	$883,793
Gas	Production	4,532,534 Mcf	$16,213,714
Total			$17,097,507

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 32.5763, -94.3813. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.57627, -94.38129 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

9,799 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 9,799 ft.

Completions filed

Sep 2012

1 of 1 wells

1 well


42-20334936	3H	9,799 ft	Sep 2012	—	—

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 (190)

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

190 months


May 2026	23	7,596	106.41	3.05	$25,584
Apr 2026	24	7,293	98.93	2.87	$23,303
Mar 2026	20	7,454	89.75	3.15	$25,271
Feb 2026	18	6,224	63.50	3.75	$24,485
Jan 2026	22	7,165	59.13	8.00	$58,606
Dec 2025	23	7,176	56.66	4.41	$32,973
Nov 2025	22	6,746	58.59	3.93	$27,777
Oct 2025	21	6,998	59.38	3.30	$24,374
Sep 2025	20	6,853	62.74	3.08	$22,341
Aug 2025	20	7,061	63.93	3.01	$22,566
Jul 2025	18	6,907	66.74	3.32	$24,099
Jun 2025	18	6,647	66.48	3.13	$21,993
May 2025	21	6,865	60.55	3.23	$23,461
Apr 2025	22	6,658	62.36	3.54	$24,962
Mar 2025	23	6,846	67.70	4.27	$30,778
Feb 2025	19	6,251	70.88	4.34	$28,481
Jan 2025	24	6,861	74.32	4.28	$31,140
Dec 2024	23	6,930	68.99	3.12	$23,218
Nov 2024	20	7,778	69.05	2.20	$18,480
Oct 2024	23	7,302	71.37	2.28	$18,300
Sep 2024	23	7,105	69.61	2.36	$18,400
Aug 2024	18	7,420	75.63	2.06	$16,673
Jul 2024	23	7,494	79.93	2.15	$17,925
Jun 2024	21	7,370	78.08	2.63	$21,052
May 2024	23	7,503	78.81	2.20	$18,308
Apr 2024	24	7,452	84.45	1.66	$14,391
Mar 2024	25	7,916	80.30	1.55	$14,239
Feb 2024	23	6,494	76.09	1.78	$13,333
Jan 2024	28	8,051	73.02	3.30	$28,594
Dec 2023	31	9,307	71.26	2.61	$26,507
Nov 2023	27	9,454	77.89	2.81	$28,646
Oct 2023	31	9,803	85.44	3.09	$32,913
Sep 2023	27	9,198	89.04	2.74	$27,561
Aug 2023	28	10,056	80.52	2.67	$29,133
Jul 2023	29	10,043	74.85	2.64	$28,702
Jun 2023	25	9,726	68.96	2.26	$23,690
May 2023	35	10,338	70.62	2.23	$25,499
Apr 2023	36	10,402	78.12	2.24	$26,090
Mar 2023	40	10,906	72.85	2.39	$29,014
Feb 2023	31	10,191	75.11	2.47	$27,456
Jan 2023	38	10,834	76.53	3.39	$39,611
Dec 2022	33	9,545	76.41	5.73	$57,206
Nov 2022	31	9,978	85.00	5.65	$58,973
Oct 2022	33	10,332	87.18	5.86	$63,461
Sep 2022	24	10,036	84.88	8.16	$83,968
Aug 2022	33	11,311	94.52	9.13	$106,356
Jul 2022	31	11,444	101.58	7.54	$89,461
Jun 2022	30	10,822	115.09	7.98	$89,782
May 2022	35	11,590	109.37	8.43	$101,567
Apr 2022	37	11,634	104.22	6.84	$83,405
Mar 2022	40	11,875	108.88	5.08	$64,637
Feb 2022	39	10,679	91.05	4.86	$55,439
Jan 2022	42	11,300	81.84	4.54	$54,713
Dec 2021	39	11,436	71.32	3.90	$47,372
Nov 2021	37	11,311	77.43	5.24	$62,099
Oct 2021	36	11,887	79.79	5.71	$70,793
Sep 2021	36	12,145	69.86	5.35	$67,502
Aug 2021	36	12,226	66.02	4.22	$53,978
Jul 2021	40	13,323	70.78	3.98	$55,884
Jun 2021	40	13,046	69.49	3.38	$46,883
May 2021	43	13,470	63.48	3.02	$43,378
Apr 2021	49	13,340	60.36	2.76	$39,755
Mar 2021	45	13,828	61.30	2.72	$40,328
Feb 2021	43	12,219	57.80	5.55	$70,276
Jan 2021	49	13,592	50.41	2.81	$40,667
Dec 2020	48	13,814	44.64	2.68	$39,102
Nov 2020	48	13,584	38.77	2.71	$38,627
Oct 2020	47	13,942	36.97	2.48	$36,292
Sep 2020	37	13,873	37.09	1.99	$28,994
Aug 2020	35	13,428	39.98	2.39	$33,426
Jul 2020	38	13,602	38.37	1.83	$26,283
Jun 2020	38	13,715	34.90	1.69	$24,509
May 2020	44	14,371	16.92	1.81	$26,824
Apr 2020	52	14,290	14.75	1.80	$26,552
Mar 2020	50	14,983	30.34	1.86	$29,329
Feb 2020	49	13,351	49.88	1.98	$28,888
Jan 2020	50	15,075	57.25	2.09	$34,441
Dec 2019	50	16,950	59.01	2.30	$42,009
Nov 2019	35	12,282	55.30	2.75	$35,720
Oct 2019	31	10,982	53.47	2.42	$28,218
Sep 2019	31	11,976	55.05	2.66	$33,530
Aug 2019	36	12,741	53.11	2.30	$31,272
Jul 2019	31	12,582	56.27	2.46	$32,697
Jun 2019	34	12,404	52.78	2.49	$32,695
May 2019	36	12,525	58.48	2.74	$36,428
Apr 2019	33	12,821	62.63	2.75	$37,334
Mar 2019	46	15,109	56.80	3.06	$48,878
Feb 2019	36	11,450	50.85	2.79	$33,802
Jan 2019	44	12,814	46.03	3.23	$43,391
Dec 2018	42	12,672	46.59	4.19	$54,995
Nov 2018	42	13,607	52.93	4.24	$59,879
Oct 2018	36	14,101	61.44	3.40	$50,128
Sep 2018	38	13,708	59.54	3.11	$44,867
Aug 2018	39	16,197	59.40	3.07	$51,986
Jul 2018	38	16,028	65.14	2.93	$49,467
Jun 2018	45	16,409	60.18	3.08	$53,197
May 2018	45	18,270	65.38	2.90	$55,940
Apr 2018	60	18,701	63.84	2.90	$58,078
Mar 2018	61	17,991	61.22	2.79	$53,872
Feb 2018	54	17,486	61.78	2.77	$51,704
Jan 2018	60	20,248	62.87	4.01	$84,953
Dec 2017	62	20,050	57.27	2.92	$62,127
Nov 2017	68	20,120	55.42	3.12	$66,510
Oct 2017	68	21,176	49.29	2.98	$66,534
Sep 2017	48	21,295	47.52	3.09	$68,025
Aug 2017	49	21,768	45.37	3.00	$67,623
Jul 2017	52	20,914	43.87	3.09	$66,849
Jun 2017	54	21,663	42.49	3.09	$69,174
May 2017	57	24,160	45.37	3.26	$81,430
Apr 2017	74	24,169	47.93	3.21	$81,168
Mar 2017	80	25,810	46.77	2.98	$80,750
Feb 2017	79	22,926	50.45	2.95	$71,677
Jan 2017	84	25,571	49.41	3.42	$91,573
Dec 2016	88	26,079	48.76	3.72	$101,379
Nov 2016	95	25,107	42.49	2.64	$70,428
Oct 2016	169	27,298	46.19	3.09	$92,164
Sep 2016	145	26,134	41.55	3.10	$87,057
Aug 2016	149	26,566	41.44	2.92	$83,863
Jul 2016	152	26,902	41.62	2.92	$84,997
Jun 2016	144	27,820	45.35	2.69	$81,250
May 2016	153	29,647	42.52	1.99	$65,534
Apr 2016	164	27,277	36.56	1.99	$60,305
Mar 2016	185	29,454	33.01	1.79	$58,948
Feb 2016	194	27,365	26.47	2.06	$61,606
Jan 2016	214	30,279	27.35	2.36	$77,443
Dec 2015	203	33,575	32.36	2.00	$73,766
Nov 2015	149	33,240	38.79	2.17	$77,822
Oct 2015	47	35,382	43.55	2.43	$87,904
Sep 2015	33	36,404	42.99	2.76	$101,836
Aug 2015	34	38,161	40.16	2.87	$110,983
Jul 2015	39	35,773	48.15	2.95	$107,232
Jun 2015	38	33,734	56.15	2.88	$99,384
May 2015	40	36,945	55.21	2.96	$111,398
Apr 2015	44	36,210	49.82	2.71	$100,197
Mar 2015	51	38,234	42.89	2.93	$114,393
Feb 2015	47	35,191	44.66	2.98	$106,834
Jan 2015	58	40,285	43.43	3.10	$127,428
Dec 2014	56	42,264	54.69	3.59	$154,848
Nov 2014	49	43,711	70.46	4.25	$189,305
Oct 2014	292	46,359	78.30	3.90	$203,708
Sep 2014	298	46,690	86.16	4.05	$214,557
Aug 2014	315	49,789	89.39	4.04	$229,062
Jul 2014	305	55,032	96.56	4.18	$259,463
Jun 2014	330	55,897	98.16	4.74	$297,170
May 2014	368	65,476	94.73	4.73	$344,337
Apr 2014	359	77,456	95.94	4.81	$406,938
Mar 2014	391	87,966	95.89	5.06	$482,319
Feb 2014	133	29,347	97.40	6.19	$194,671
Jan 2014	8	0	90.40	4.86	$723
Dec 2013	309	14,500	91.82	4.35	$91,512
Nov 2013	299	42,376	88.85	3.74	$184,980
Oct 2013	321	56,943	97.42	3.78	$246,480
Sep 2013	277	60,971	104.11	3.72	$255,513
Aug 2013	353	29,475	104.25	3.52	$140,629
Jul 2013	366	101,331	102.52	3.72	$414,245
Jun 2013	311	74,319	94.40	3.93	$321,686
May 2013	367	81,232	94.83	4.15	$371,841
Apr 2013	0	81,028	93.96	4.28	$347,010
Mar 2013	0	105,109	93.62	3.91	$411,278
Feb 2013	0	72,691	91.23	3.42	$248,597
Jan 2013	0	41,817	91.60	3.42	$143,010
Dec 2012	0	69,560	86.77	3.42	$237,906
Nov 2012	0	67,353	86.95	3.62	$244,152
Oct 2012	0	40,524	89.38	3.40	$137,769
Sep 2012	0	2,545	94.67	2.92	$7,427
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	29,732	105.05	2.22	$66,067
Feb 2012	0	33,697	101.10	2.57	$86,609
Jan 2012	0	35,141	98.09	2.73	$96,078
Dec 2011	0	27,524	96.87	3.24	$89,171
Nov 2011	0	27,978	95.72	3.31	$92,643
Oct 2011	0	31,484	84.98	3.65	$114,871
Sep 2011	0	33,802	83.62	3.99	$134,728
Aug 2011	0	41,747	83.40	4.15	$173,222
Jul 2011	0	44,882	94.14	4.52	$202,743
Jun 2011	0	45,210	92.90	4.64	$209,769
May 2011	0	50,291	98.13	4.40	$221,523
Apr 2011	0	50,571	105.96	4.33	$219,138
Mar 2011	0	51,563	96.36	4.06	$209,209
Feb 2011	0	51,574	85.64	4.18	$215,578
Jan 2011	0	48,910	86.50	4.59	$224,437
Dec 2010	0	50,740	85.73	4.35	$220,605
Nov 2010	0	52,551	80.84	3.80	$199,448
Oct 2010	0	77,848	78.10	3.51	$273,160
Sep 2010	0	41,792	72.63	3.98	$166,310
Aug 2010	0	3,927	73.68	4.42	$17,355

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            23 bbl  × $106.41 =     $2,447
Gas                7,596 Mcf  × $  3.05 =    $23,136

────────────────────────────────────────────────────
Month total                                  $25,584

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/259606 is the state's own key, not one this site invented.