OWENS, T.B. GAS UNIT

Name: OWENS, T.B. GAS UNIT lease production and value, Mar 2013 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 270358District 06Field 985630832 tax incentive programmesCondensateGasSave Export

Value, all time

$18.9 M

Mar 2013 – May 2026

Value, last 12 filed months

$411 k

at the published price for each month

Months reported

159

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	2013-11-20	212003
NGPA	1	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	60,033 bbl	$3,704,697
Gas	Production	4,327,426 Mcf	$15,240,731
Total			$18,945,428

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 32.6802, -94.2786. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.68018, -94.27864 · 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

9,724 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 9,724 ft.

Completions filed

Apr 2013

1 of 1 wells

1 well


42-20335138	6H	9,724 ft	Apr 2013	—	—

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 (159)

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

159 months


May 2026	52	7,540	106.41	3.05	$28,499
Apr 2026	60	8,214	98.93	2.87	$29,508
Mar 2026	49	8,155	89.75	3.15	$30,081
Feb 2026	46	7,199	63.50	3.75	$29,920
Jan 2026	59	8,245	59.13	8.00	$69,432
Dec 2025	60	8,194	56.66	4.41	$39,563
Nov 2025	59	7,946	58.59	3.93	$34,656
Oct 2025	58	8,280	59.38	3.30	$30,808
Sep 2025	53	7,987	62.74	3.08	$27,901
Aug 2025	55	8,304	63.93	3.01	$28,551
Jul 2025	53	8,672	66.74	3.32	$32,287
Jun 2025	54	8,504	66.48	3.13	$30,197
May 2025	58	8,425	60.55	3.23	$30,744
Apr 2025	57	7,951	62.36	3.54	$31,726
Mar 2025	60	7,924	67.70	4.27	$37,884
Feb 2025	48	7,130	70.88	4.34	$34,352
Jan 2025	62	7,784	74.32	4.28	$37,913
Dec 2024	62	8,007	68.99	3.12	$29,270
Nov 2024	58	9,990	69.05	2.20	$25,967
Oct 2024	72	10,104	71.37	2.28	$28,190
Sep 2024	70	9,664	69.61	2.36	$27,722
Aug 2024	54	9,922	75.63	2.06	$24,559
Jul 2024	70	10,314	79.93	2.15	$27,735
Jun 2024	64	9,986	78.08	2.63	$31,300
May 2024	73	10,323	78.81	2.20	$28,448
Apr 2024	69	9,741	84.45	1.66	$21,989
Mar 2024	74	9,954	80.30	1.55	$21,322
Feb 2024	74	9,254	76.09	1.78	$22,136
Jan 2024	77	10,239	73.02	3.30	$39,387
Dec 2023	71	9,303	71.26	2.61	$29,347
Nov 2023	64	9,854	77.89	2.81	$32,651
Oct 2023	73	10,400	85.44	3.09	$38,345
Sep 2023	69	10,237	89.04	2.74	$34,142
Aug 2023	67	10,825	80.52	2.67	$34,329
Jul 2023	71	10,595	74.85	2.64	$33,304
Jun 2023	60	10,647	68.96	2.26	$28,184
May 2023	82	10,794	70.62	2.23	$29,833
Apr 2023	81	10,192	78.12	2.24	$29,135
Mar 2023	98	12,071	72.85	2.39	$36,027
Feb 2023	70	10,119	75.11	2.47	$30,208
Jan 2023	97	11,908	76.53	3.39	$47,764
Dec 2022	88	11,459	76.41	5.73	$72,374
Nov 2022	84	12,122	85.00	5.65	$75,583
Oct 2022	93	12,794	87.18	5.86	$83,129
Sep 2022	70	12,954	84.88	8.16	$111,694
Aug 2022	91	13,815	94.52	9.13	$134,693
Jul 2022	87	14,298	101.58	7.54	$116,674
Jun 2022	85	13,333	115.09	7.98	$116,143
May 2022	99	14,191	109.37	8.43	$130,501
Apr 2022	108	15,113	104.22	6.84	$114,592
Mar 2022	106	13,991	108.88	5.08	$82,565
Feb 2022	110	13,211	91.05	4.86	$74,206
Jan 2022	121	14,472	81.84	4.54	$75,572
Dec 2021	108	14,013	71.32	3.90	$62,341
Nov 2021	100	13,496	77.43	5.24	$78,420
Oct 2021	92	13,344	79.79	5.71	$83,587
Sep 2021	92	13,784	69.86	5.35	$80,184
Aug 2021	96	14,674	66.02	4.22	$68,271
Jul 2021	103	15,275	70.78	3.98	$68,117
Jun 2021	101	14,625	69.49	3.38	$56,460
May 2021	110	15,378	63.48	3.02	$53,389
Apr 2021	124	14,980	60.36	2.76	$48,806
Mar 2021	113	15,436	61.30	2.72	$48,866
Feb 2021	102	12,811	57.80	5.55	$76,970
Jan 2021	124	15,067	50.41	2.81	$48,593
Dec 2020	123	15,664	44.64	2.68	$47,399
Nov 2020	126	15,790	38.77	2.71	$47,622
Oct 2020	124	16,203	36.97	2.48	$44,742
Sep 2020	102	16,790	37.09	1.99	$37,213
Aug 2020	101	16,742	39.98	2.39	$43,969
Jul 2020	104	16,457	38.37	1.83	$34,026
Jun 2020	99	16,033	34.90	1.69	$30,556
May 2020	117	16,954	16.92	1.81	$32,747
Apr 2020	140	17,032	14.75	1.80	$32,797
Mar 2020	130	17,296	30.34	1.86	$36,050
Feb 2020	128	15,773	49.88	1.98	$37,626
Jan 2020	129	17,389	57.25	2.09	$43,811
Dec 2019	124	19,152	59.01	2.30	$51,450
Nov 2019	142	18,498	55.30	2.75	$58,735
Oct 2019	121	19,839	53.47	2.42	$54,451
Sep 2019	106	17,560	55.05	2.66	$52,497
Aug 2019	101	17,437	53.11	2.30	$45,545
Jul 2019	119	19,279	56.27	2.46	$54,124
Jun 2019	128	20,596	52.78	2.49	$58,065
May 2019	163	21,758	58.48	2.74	$69,156
Apr 2019	168	21,368	62.63	2.75	$69,299
Mar 2019	161	23,082	56.80	3.06	$79,824
Feb 2019	149	20,014	50.85	2.79	$63,460
Jan 2019	171	22,758	46.03	3.23	$81,338
Dec 2018	159	22,790	46.59	4.19	$102,794
Nov 2018	137	22,144	52.93	4.24	$101,081
Oct 2018	141	23,355	61.44	3.40	$88,025
Sep 2018	126	21,130	59.54	3.11	$73,174
Aug 2018	135	23,570	59.40	3.07	$80,298
Jul 2018	162	22,376	65.14	2.93	$76,156
Jun 2018	160	24,970	60.18	3.08	$86,459
May 2018	155	26,239	65.38	2.90	$86,248
Apr 2018	108	18,733	63.84	2.90	$61,235
Mar 2018	182	26,427	61.22	2.79	$84,790
Feb 2018	158	23,061	61.78	2.77	$73,551
Jan 2018	80	21,022	62.87	4.01	$89,314
Dec 2017	90	24,393	57.27	2.92	$76,419
Nov 2017	91	24,431	55.42	3.12	$81,228
Oct 2017	65	26,908	49.29	2.98	$83,489
Sep 2017	146	25,814	47.52	3.09	$86,633
Aug 2017	137	25,498	45.37	3.00	$82,822
Jul 2017	149	31,551	43.87	3.09	$103,943
Jun 2017	143	29,431	42.49	3.09	$96,938
May 2017	162	29,111	45.37	3.26	$102,351
Apr 2017	161	28,466	47.93	3.21	$99,138
Mar 2017	173	27,781	46.77	2.98	$90,981
Feb 2017	162	27,344	50.45	2.95	$88,909
Jan 2017	170	29,930	49.41	3.42	$110,724
Dec 2016	175	28,779	48.76	3.72	$115,672
Nov 2016	163	29,764	42.49	2.64	$85,632
Oct 2016	126	31,195	46.19	3.09	$102,221
Sep 2016	103	30,885	41.55	3.10	$100,043
Aug 2016	100	32,253	41.44	2.92	$98,463
Jul 2016	100	32,457	41.62	2.92	$99,077
Jun 2016	93	32,438	45.35	2.69	$91,341
May 2016	89	35,888	42.52	1.99	$75,239
Apr 2016	92	36,080	36.56	1.99	$75,200
Mar 2016	106	37,809	33.01	1.79	$71,329
Feb 2016	1,338	36,421	26.47	2.06	$110,576
Jan 2016	1,664	40,141	27.35	2.36	$140,418
Dec 2015	1,649	39,133	32.36	2.00	$131,683
Nov 2015	1,397	39,480	38.79	2.17	$139,756
Oct 2015	1,608	42,458	43.55	2.43	$173,056
Sep 2015	1,684	42,012	42.99	2.76	$188,282
Aug 2015	1,687	46,668	40.16	2.87	$201,803
Jul 2015	1,943	46,248	48.15	2.95	$229,760
Jun 2015	1,891	44,701	56.15	2.88	$235,046
May 2015	2,000	47,962	55.21	2.96	$252,169
Apr 2015	2,159	47,592	49.82	2.71	$236,372
Mar 2015	2,531	48,658	42.89	2.93	$251,352
Feb 2015	2,344	44,682	44.66	2.98	$237,665
Jan 2015	2,947	49,867	43.43	3.10	$282,607
Dec 2014	2,839	55,461	54.69	3.59	$354,445
Nov 2014	1,951	44,944	70.46	4.25	$328,562
Oct 2014	625	51,918	78.30	3.90	$251,468
Sep 2014	637	61,593	86.16	4.05	$304,055
Aug 2014	673	62,086	89.39	4.04	$310,684
Jul 2014	654	64,866	96.56	4.18	$334,264
Jun 2014	705	67,779	98.16	4.74	$390,264
May 2014	786	72,215	94.73	4.73	$415,786
Apr 2014	767	77,012	95.94	4.81	$443,946
Mar 2014	850	76,066	95.89	5.06	$466,157
Feb 2014	819	68,969	97.40	6.19	$506,827
Jan 2014	961	71,601	90.40	4.86	$434,907
Dec 2013	753	87,115	91.82	4.35	$448,481
Nov 2013	727	94,857	88.85	3.74	$419,196
Oct 2013	783	88,205	97.42	3.78	$409,638
Sep 2013	674	63,522	104.11	3.72	$306,328
Aug 2013	890	147,341	104.25	3.52	$611,807
Jul 2013	922	155,905	102.52	3.72	$674,138
Jun 2013	764	2,363	94.40	3.93	$81,416
May 2013	1,242	120,757	94.83	4.15	$618,809
Apr 2013	1,524	87,808	93.96	4.28	$519,241
Mar 2013	0	0	93.62	3.91	$0

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            52 bbl  × $106.41 =     $5,533
Gas                7,540 Mcf  × $  3.05 =    $22,966

────────────────────────────────────────────────────
Month total                                  $28,499

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/270358 is the state's own key, not one this site invented.