JFS TIMBER GAS UNIT

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 274282District 06Field 985630832 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.7 M
May 2014 – May 2026
Value, last 12 filed months
$257 k
at the published price for each month
Months reported
145
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112015-01-12214778
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
CondensateDisposition22,146 bbl$1,348,786
GasProduction1,923,119 Mcf$6,377,788
Total$7,726,574

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 32.5432, -94.4736. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.54319, -94.47364 · 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
10,290 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 10,290 ft.

Completions filed
May 2014
1 of 1 wells

1 well

42-203351681H10,290 ftMay 2014

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 (145)

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

145 months

May 2026583,026106.413.05$15,388
Apr 202604,50998.932.87$12,940
Mar 2026605,86089.753.15$23,841
Feb 2026565,37263.503.75$23,703
Jan 2026605,03659.138.00$43,825
Dec 202504,90456.664.41$21,643
Nov 202505,92458.593.93$23,260
Oct 202505,25159.383.30$17,354
Sep 202504,09962.743.08$12,612
Aug 2025595,71163.933.01$20,989
Jul 202505,68266.743.32$18,837
Jun 2025576,02566.483.13$22,640
May 202505,94760.553.23$19,223
Apr 2025535,24562.363.54$21,889
Mar 2025595,79767.704.27$28,738
Feb 2025575,98370.884.34$30,011
Jan 2025515,93574.324.28$29,184
Dec 202403,75768.993.12$11,727
Nov 202404,28969.052.20$9,429
Oct 2024586,11871.372.28$18,097
Sep 20241106,01769.612.36$21,883
Aug 202405,68675.632.06$11,734
Jul 2024546,21379.932.15$17,653
Jun 2024566,13578.082.63$20,532
May 2024546,35478.812.20$18,225
Apr 2024566,06484.451.66$14,791
Mar 2024596,50280.301.55$14,784
Feb 2024566,50776.091.78$15,867
Jan 2024575,66573.023.30$22,843
Dec 202306,08771.262.61$15,891
Nov 2023646,45277.892.81$23,099
Oct 20231206,68185.443.09$30,879
Sep 2023546,52389.042.74$22,649
Aug 2023566,88780.522.67$22,917
Jul 2023556,60774.852.64$21,571
Jun 2023605,24568.962.26$15,983
May 2023616,93670.622.23$19,757
Apr 20231106,67578.122.24$23,530
Mar 2023606,82572.852.39$20,704
Feb 2023615,81175.112.47$18,910
Jan 2023587,30076.533.39$29,169
Dec 20221166,12176.415.73$43,931
Nov 2022546,71385.005.65$42,493
Oct 2022626,96787.185.86$46,258
Sep 20221256,79884.888.16$66,107
Aug 202207,18994.529.13$65,615
Jul 2022587,097101.587.54$59,418
Jun 20221107,467115.097.98$72,226
May 2022575,610109.378.43$53,543
Apr 202207,176104.226.84$49,067
Mar 2022637,434108.885.08$44,597
Feb 20221147,07991.054.86$44,775
Jan 20221186,88081.844.54$40,876
Dec 2021627,75071.323.90$34,640
Nov 2021637,62777.435.24$44,820
Oct 20211147,60179.795.71$52,527
Sep 2021557,59369.865.35$44,472
Aug 2021618,10666.024.22$38,239
Jul 2021578,01770.783.98$35,959
Jun 20211178,13969.493.38$35,645
May 2021558,61263.483.02$29,480
Apr 20211198,01160.362.76$29,281
Mar 20211198,19761.302.72$29,565
Feb 2021537,68957.805.55$45,722
Jan 20211197,21950.412.81$26,286
Dec 2020629,12444.642.68$27,179
Nov 20201168,09538.772.71$26,407
Oct 20201149,32536.972.48$27,326
Sep 2020598,29637.091.99$18,706
Aug 2020479,70439.982.39$25,024
Jul 20201037,52538.371.83$17,686
Jun 2020528,35934.901.69$15,944
May 20201038,19816.921.81$16,620
Apr 2020538,88514.751.80$16,814
Mar 202011210,19830.341.86$22,328
Feb 20201158,87449.881.98$23,313
Jan 202012210,90857.252.09$29,834
Dec 201910012,43159.012.30$34,547
Nov 20192911,53655.302.75$33,336
Oct 2019669,02753.472.42$25,361
Sep 2019419,23855.052.66$26,805
Aug 20197810,99453.112.30$29,477
Jul 20197812,06156.272.46$34,060
Jun 20196910,33752.782.49$29,393
May 2019398,70858.482.74$26,143
Apr 20197810,27562.632.75$33,149
Mar 2019669,76256.803.06$33,641
Feb 2019379,02250.852.79$27,073
Jan 201911210,89346.033.23$40,320
Dec 20188412,31046.594.19$55,436
Nov 20181513,18252.934.24$56,649
Oct 20183410,52461.443.40$37,850
Sep 201811411,98759.543.11$44,043
Aug 20183513,73059.403.07$44,183
Jul 20186410,36865.142.93$34,567
Jun 20187012,71660.183.08$43,339
May 20187413,26465.382.90$43,314
Apr 20187313,87663.842.90$44,912
Mar 20186913,19361.222.79$40,991
Feb 20186911,03661.782.77$34,790
Jan 201811012,95562.874.01$58,856
Dec 20177815,04857.272.92$48,430
Nov 20178115,68755.423.12$53,407
Oct 201710416,32849.292.98$53,844
Sep 20179916,24447.523.09$54,854
Aug 20176716,93745.373.00$53,925
Jul 201710416,29843.873.09$54,879
Jun 20176815,16142.493.09$49,696
May 201710418,60245.373.26$65,424
Apr 201710416,84747.933.21$59,091
Mar 201713517,96646.772.98$59,919
Feb 201713118,00150.452.95$59,759
Jan 201719723,87949.413.42$91,371
Dec 2016367,80548.763.72$30,812
Nov 201624419,15342.492.64$61,015
Oct 201627518,97946.193.09$71,352
Sep 201650015,82341.553.10$69,836
Aug 201639917,14341.442.92$66,667
Jul 201638316,67641.622.92$64,707
Jun 201637917,41645.352.69$63,964
May 201621418,45242.521.99$45,838
Apr 201630318,75736.561.99$48,424
Mar 201632220,29833.011.79$47,044
Feb 201616919,21226.472.06$44,120
Jan 201632821,50927.352.36$59,826
Dec 201531519,67332.362.00$49,567
Nov 201525920,61438.792.17$54,724
Oct 201530820,65643.552.43$63,537
Sep 201525923,01642.992.76$74,622
Aug 201531024,86340.162.87$83,868
Jul 201535025,48448.152.95$91,905
Jun 201532127,78056.152.88$98,110
May 201558730,82355.212.96$123,504
Apr 201565331,36149.822.71$117,413
Mar 201565833,62542.892.93$126,901
Feb 201561633,82844.662.98$128,189
Jan 201542234,32743.433.10$124,763
Dec 201467534,22854.693.59$159,841
Nov 201477337,32870.464.25$213,178
Oct 201455546,81078.303.90$226,060
Sep 201463443,18186.164.05$229,312
Aug 201489559,17289.394.04$318,770
Jul 20141,07060,88296.564.18$357,782
Jun 20141,24071,96598.164.74$462,608
May 2014029,63294.734.73$140,057

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            58 bbl  × $106.41 =     $6,172
Gas                3,026 Mcf  × $  3.05 =     $9,217

────────────────────────────────────────────────────
Month total                                  $15,388

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/274282 is the state's own key, not one this site invented.