PIERCE, PEGGY R. GAS UNIT

Name: PIERCE, PEGGY R. 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 270980District 06Field 985630832 tax incentive programmesCondensateGasSave Export

Value, all time

$12.6 M

Mar 2013 – May 2026

Value, last 12 filed months

$312 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	2014-03-22	212491
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	29,494 bbl	$2,231,142
Gas	Production	2,883,477 Mcf	$10,371,339
Total			$12,602,481

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 32.5698, -94.3767. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.56982, -94.37674 · 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

9,945 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 9,945 ft.

Completions filed

Apr 2013

1 of 1 wells

1 well


42-20335142	4H	9,945 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	56	5,395	106.41	3.05	$22,391
Apr 2026	59	5,224	98.93	2.87	$20,828
Mar 2026	51	5,523	89.75	3.15	$21,972
Feb 2026	48	4,997	63.50	3.75	$21,788
Jan 2026	60	5,541	59.13	8.00	$47,864
Dec 2025	64	5,561	56.66	4.41	$28,169
Nov 2025	68	5,963	58.59	3.93	$27,397
Oct 2025	68	6,345	59.38	3.30	$25,007
Sep 2025	61	5,986	62.74	3.08	$22,246
Aug 2025	66	6,582	63.93	3.01	$24,063
Jul 2025	61	6,515	66.74	3.32	$25,670
Jun 2025	63	6,472	66.48	3.13	$24,437
May 2025	70	6,646	60.55	3.23	$25,721
Apr 2025	74	6,671	62.36	3.54	$28,251
Mar 2025	81	6,895	67.70	4.27	$34,914
Feb 2025	66	6,590	70.88	4.34	$33,284
Jan 2025	72	5,892	74.32	4.28	$30,561
Dec 2024	69	5,997	68.99	3.12	$23,479
Nov 2024	58	6,438	69.05	2.20	$18,158
Oct 2024	69	6,231	71.37	2.28	$19,140
Sep 2024	73	6,482	69.61	2.36	$20,407
Aug 2024	57	6,885	75.63	2.06	$18,519
Jul 2024	69	6,583	79.93	2.15	$19,646
Jun 2024	64	6,462	78.08	2.63	$22,018
May 2024	74	6,900	78.81	2.20	$21,001
Apr 2024	72	6,607	84.45	1.66	$17,043
Mar 2024	80	7,066	80.30	1.55	$17,342
Feb 2024	79	6,698	76.09	1.78	$17,958
Jan 2024	68	5,897	73.02	3.30	$24,412
Dec 2023	65	5,634	71.26	2.61	$19,341
Nov 2023	55	5,427	77.89	2.81	$19,521
Oct 2023	70	6,527	85.44	3.09	$26,131
Sep 2023	67	6,465	89.04	2.74	$23,648
Aug 2023	73	7,648	80.52	2.67	$26,320
Jul 2023	80	7,845	74.85	2.64	$26,713
Jun 2023	66	7,659	68.96	2.26	$21,849
May 2023	92	7,885	70.62	2.23	$24,060
Apr 2023	89	7,492	78.12	2.24	$23,718
Mar 2023	97	7,787	72.85	2.39	$25,702
Feb 2023	70	6,659	75.11	2.47	$21,677
Jan 2023	88	7,031	76.53	3.39	$30,554
Dec 2022	80	6,862	76.41	5.73	$45,426
Nov 2022	69	6,279	85.00	5.65	$41,317
Oct 2022	85	7,693	87.18	5.86	$52,520
Sep 2022	63	7,665	84.88	8.16	$67,922
Aug 2022	74	7,321	94.52	9.13	$73,814
Jul 2022	79	8,518	101.58	7.54	$72,268
Jun 2022	81	8,323	115.09	7.98	$75,717
May 2022	87	8,399	109.37	8.43	$80,344
Apr 2022	88	7,892	104.22	6.84	$63,134
Mar 2022	94	8,070	108.88	5.08	$51,201
Feb 2022	99	7,673	91.05	4.86	$46,296
Jan 2022	111	8,584	81.84	4.54	$48,036
Dec 2021	103	8,704	71.32	3.90	$41,284
Nov 2021	97	8,479	77.43	5.24	$51,914
Oct 2021	93	8,834	79.79	5.71	$57,897
Sep 2021	92	9,038	69.86	5.35	$54,789
Aug 2021	87	8,772	66.02	4.22	$42,767
Jul 2021	88	8,482	70.78	3.98	$40,005
Jun 2021	90	8,481	69.49	3.38	$34,925
May 2021	99	9,063	63.48	3.02	$33,634
Apr 2021	104	8,074	60.36	2.76	$28,549
Mar 2021	100	9,116	61.30	2.72	$30,898
Feb 2021	78	6,329	57.80	5.55	$39,621
Jan 2021	102	8,115	50.41	2.81	$27,947
Dec 2020	97	8,122	44.64	2.68	$26,060
Nov 2020	100	8,166	38.77	2.71	$25,979
Oct 2020	102	8,726	36.97	2.48	$25,398
Sep 2020	86	9,294	37.09	1.99	$21,694
Aug 2020	87	9,431	39.98	2.39	$25,972
Jul 2020	91	9,372	38.37	1.83	$20,597
Jun 2020	86	9,128	34.90	1.69	$18,431
May 2020	98	9,356	16.92	1.81	$18,637
Apr 2020	102	7,978	14.75	1.80	$15,900
Mar 2020	108	9,405	30.34	1.86	$20,735
Feb 2020	109	8,571	49.88	1.98	$22,413
Jan 2020	124	10,851	57.25	2.09	$29,829
Dec 2019	122	12,402	59.01	2.30	$35,778
Nov 2019	87	9,103	55.30	2.75	$29,851
Oct 2019	56	5,788	53.47	2.42	$16,993
Sep 2019	63	6,983	55.05	2.66	$22,024
Aug 2019	70	7,393	53.11	2.30	$20,754
Jul 2019	65	7,516	56.27	2.46	$22,147
Jun 2019	72	7,744	52.78	2.49	$23,092
May 2019	63	5,440	58.48	2.74	$18,592
Apr 2019	82	9,245	62.63	2.75	$30,566
Mar 2019	115	11,461	56.80	3.06	$41,627
Feb 2019	64	5,656	50.85	2.79	$19,047
Jan 2019	115	9,528	46.03	3.23	$36,052
Dec 2018	118	10,323	46.59	4.19	$48,704
Nov 2018	112	10,790	52.93	4.24	$51,648
Oct 2018	102	11,587	61.44	3.40	$45,640
Sep 2018	85	9,226	59.54	3.11	$33,735
Aug 2018	105	12,462	59.40	3.07	$44,452
Jul 2018	104	12,531	65.14	2.93	$43,514
Jun 2018	121	12,555	60.18	3.08	$45,913
May 2018	106	12,366	65.38	2.90	$42,802
Apr 2018	143	13,082	63.84	2.90	$47,077
Mar 2018	148	12,416	61.22	2.79	$43,662
Feb 2018	129	12,416	61.78	2.77	$42,314
Jan 2018	123	11,566	62.87	4.01	$54,105
Dec 2017	141	13,202	57.27	2.92	$46,645
Nov 2017	153	13,134	55.42	3.12	$49,436
Oct 2017	157	13,780	49.29	2.98	$48,854
Sep 2017	141	13,951	47.52	3.09	$49,771
Aug 2017	142	15,348	45.37	3.00	$52,554
Jul 2017	152	14,120	43.87	3.09	$50,261
Jun 2017	158	14,484	42.49	3.09	$51,430
May 2017	167	15,746	45.37	3.26	$58,962
Apr 2017	217	16,279	47.93	3.21	$62,682
Mar 2017	234	17,452	46.77	2.98	$63,015
Feb 2017	230	15,585	50.45	2.95	$57,620
Jan 2017	247	17,877	49.41	3.42	$73,322
Dec 2016	259	18,352	48.76	3.72	$80,950
Nov 2016	252	19,181	42.49	2.64	$61,429
Oct 2016	133	21,084	46.19	3.09	$71,298
Sep 2016	114	21,293	41.55	3.10	$70,758
Aug 2016	117	23,006	41.44	2.92	$72,126
Jul 2016	119	23,770	41.62	2.92	$74,464
Jun 2016	113	23,660	45.35	2.69	$68,671
May 2016	121	24,845	42.52	1.99	$54,612
Apr 2016	129	23,320	36.56	1.99	$51,147
Mar 2016	146	26,049	33.01	1.79	$51,552
Feb 2016	152	24,849	26.47	2.06	$55,303
Jan 2016	168	27,133	27.35	2.36	$68,747
Dec 2015	160	28,187	32.36	2.00	$61,591
Nov 2015	123	28,977	38.79	2.17	$67,574
Oct 2015	97	31,101	43.55	2.43	$79,693
Sep 2015	114	31,235	42.99	2.76	$91,060
Aug 2015	114	32,699	40.16	2.87	$98,506
Jul 2015	132	35,137	48.15	2.95	$109,837
Jun 2015	128	30,612	56.15	2.88	$95,437
May 2015	136	31,380	55.21	2.96	$100,251
Apr 2015	147	30,677	49.82	2.71	$90,353
Mar 2015	172	33,133	42.89	2.93	$104,613
Feb 2015	159	29,655	44.66	2.98	$95,360
Jan 2015	200	35,315	43.43	3.10	$118,185
Dec 2014	218	36,383	54.69	3.59	$142,587
Nov 2014	803	37,226	70.46	4.25	$214,858
Oct 2014	693	40,532	78.30	3.90	$212,376
Sep 2014	705	40,675	86.16	4.05	$225,291
Aug 2014	746	43,533	89.39	4.04	$242,346
Jul 2014	724	47,067	96.56	4.18	$266,631
Jun 2014	781	48,378	98.16	4.74	$305,824
May 2014	870	54,457	94.73	4.73	$339,809
Apr 2014	849	55,366	95.94	4.81	$347,715
Mar 2014	941	66,410	95.89	5.06	$426,055
Feb 2014	907	63,839	97.40	6.19	$483,633
Jan 2014	1,062	49,012	90.40	4.86	$334,238
Dec 2013	734	36,764	91.82	4.35	$227,484
Nov 2013	708	47,647	88.85	3.74	$241,024
Oct 2013	762	59,641	97.42	3.78	$299,639
Sep 2013	655	89,361	104.11	3.72	$400,413
Aug 2013	828	71,867	104.25	3.52	$339,478
Jul 2013	609	13	102.52	3.72	$62,483
Jun 2013	517	123,594	94.40	3.93	$534,951
May 2013	627	152,827	94.83	4.15	$693,550
Apr 2013	576	75,429	93.96	4.28	$377,152
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            56 bbl  × $106.41 =     $5,959
Gas                5,395 Mcf  × $  3.05 =    $16,432

────────────────────────────────────────────────────
Month total                                  $22,391

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/270980 is the state's own key, not one this site invented.