WATSON GAS UNIT

Operated by MERIT ENERGY COMPANY (P-5 561136) 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 68273District 06Field 66461275NGPA filingCondensateGasSaveExport
Value, all time
$3.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$72 k
at the published price for each month
Months reported
401
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
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
CondensateDisposition1,470 bbl$47,023
GasProduction897,500 Mcf$3,166,999
Total$3,214,022

156,784 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.2482, -94.6001. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.24817, -94.60008 · 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
10,800 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 10,800 ft.

Completions filed
May 1978
1 of 1 wells

1 well

42-40130307110,800 ftMay 1978

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 (401)

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

401 months

May 202601,533106.413.05$4,669
Apr 202601,60798.932.87$4,612
Mar 202601,59689.753.15$5,027
Feb 202601,43463.503.75$5,378
Jan 202601,52159.138.00$12,165
Dec 202501,61956.664.41$7,145
Nov 202501,66558.593.93$6,538
Oct 202501,62959.383.30$5,384
Sep 202501,61762.743.08$4,975
Aug 202501,68963.933.01$5,092
Jul 202501,66066.743.32$5,503
Jun 202501,62366.483.13$5,078
May 202501,59360.553.23$5,149
Apr 202501,59962.363.54$5,665
Mar 202501,63967.704.27$6,996
Feb 202501,42770.884.34$6,194
Jan 202501,58774.324.28$6,790
Dec 202401,71968.993.12$5,366
Nov 202401,62269.052.20$3,566
Oct 202401,68471.372.28$3,842
Sep 202401,61969.612.36$3,828
Aug 202401,54175.632.06$3,180
Jul 202401,77179.932.15$3,802
Jun 202401,73078.082.63$4,557
May 202401,64078.812.20$3,605
Apr 202401,71084.451.66$2,837
Mar 202401,77780.301.55$2,746
Feb 202401,67976.091.78$2,995
Jan 202401,76873.023.30$5,830
Dec 202301,78271.262.61$4,652
Nov 202301,75977.892.81$4,939
Oct 202302,05585.443.09$6,344
Sep 202301,15889.042.74$3,167
Aug 202301,81380.522.67$4,846
Jul 202301,79174.852.64$4,731
Jun 202301,82068.962.26$4,110
May 202302,03570.622.23$4,533
Apr 202301,81278.122.24$4,055
Mar 202301,87172.852.39$4,478
Feb 202301,66975.112.47$4,115
Jan 202301,83376.533.39$6,210
Dec 202201,81276.415.73$10,381
Nov 202201,60285.005.65$9,045
Oct 202201,54787.185.86$9,071
Sep 202201,70284.888.16$13,895
Aug 202201,87894.529.13$17,141
Jul 202201,896101.587.54$14,300
Jun 202201,811115.097.98$14,447
May 202201,818109.378.43$15,331
Apr 202201,806104.226.84$12,349
Mar 202201,747108.885.08$8,868
Feb 202201,71291.054.86$8,318
Jan 202201,87381.844.54$8,499
Dec 202101,90171.323.90$7,412
Nov 202101,82677.435.24$9,562
Oct 202101,84179.795.71$10,519
Sep 202101,89969.865.35$10,161
Aug 202101,92866.024.22$8,137
Jul 202102,05870.783.98$8,195
Jun 202102,01369.493.38$6,805
May 202102,00763.483.02$6,056
Apr 202102,08260.362.76$5,743
Mar 202101,92161.302.72$5,219
Feb 2021096757.805.55$5,365
Jan 202103,55950.412.81$10,002
Dec 202002,21944.642.68$5,937
Nov 202001,91638.772.71$5,186
Oct 202001,96036.972.48$4,858
Sep 202001,89037.091.99$3,763
Aug 202001,96339.982.39$4,682
Jul 202001,94938.371.83$3,557
Jun 202001,78834.901.69$3,022
May 202001,89916.921.81$3,446
Apr 202001,86414.751.80$3,363
Mar 202001,81730.341.86$3,373
Feb 202001,69649.881.98$3,359
Jan 202001,80857.252.09$3,787
Dec 201901,94959.012.30$4,491
Nov 201901,88355.302.75$5,180
Oct 201901,98553.472.42$4,801
Sep 201901,99455.052.66$5,299
Aug 201902,12653.112.30$4,899
Jul 201902,13556.272.46$5,252
Jun 201902,02852.782.49$5,052
May 201902,41858.482.74$6,626
Apr 201901,78362.632.75$4,905
Mar 201901,52756.803.06$4,676
Feb 201901,36350.852.79$3,806
Jan 201901,55446.033.23$5,017
Dec 201801,61046.594.19$6,739
Nov 201801,50252.934.24$6,364
Oct 201801,90661.443.40$6,477
Sep 201801,24659.543.11$3,873
Aug 201801,86559.403.07$5,719
Jul 201801,95765.142.93$5,738
Jun 201801,98060.183.08$6,092
May 201802,23865.382.90$6,492
Apr 201801,88063.842.90$5,454
Mar 201801,82061.222.79$5,072
Feb 201801,78061.782.77$4,924
Jan 201801,95462.874.01$7,834
Dec 201702,04457.272.92$5,972
Nov 201702,15155.423.12$6,708
Oct 201702,16649.292.98$6,463
Sep 201701,89347.523.09$5,844
Aug 201702,27945.373.00$6,847
Jul 201701,99543.873.09$6,159
Jun 201702,27342.493.09$7,017
May 201702,00645.373.26$6,546
Apr 201702,19647.933.21$7,053
Mar 201702,21046.772.98$6,594
Feb 201702,04950.452.95$6,050
Jan 201702,32649.413.42$7,952
Dec 201602,55748.763.72$9,519
Nov 201601,28742.492.64$3,403
Oct 201602,61146.193.09$8,069
Sep 201602,55641.553.10$7,925
Aug 201603,06341.442.92$8,957
Jul 201602,90741.622.92$8,501
Jun 201602,74145.352.69$7,362
May 201602,85542.521.99$5,684
Apr 201602,77336.561.99$5,521
Mar 201602,89333.011.79$5,190
Feb 201602,58326.472.06$5,330
Jan 201602,21027.352.36$5,225
Dec 201502,45732.362.00$4,917
Nov 201502,28738.792.17$4,957
Oct 201503,22143.552.43$7,816
Sep 201501,74642.992.76$4,816
Aug 2015010140.162.87$290
Jul 201501248.152.95$35
Jun 2015041856.152.88$1,205
May 2015013655.212.96$402
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 2015011444.662.98$339
Jan 2015012643.433.10$391
Dec 2014053454.693.59$1,918
Nov 201401,45770.464.25$6,195
Oct 201401,69478.303.90$6,608
Sep 201401,79186.164.05$7,245
Aug 201401,64689.394.04$6,642
Jul 201401,65096.564.18$6,896
Jun 201401,68998.164.74$8,001
May 201401,68994.734.73$7,983
Apr 201402,00695.944.81$9,647
Mar 201401,67695.895.06$8,475
Feb 201441,25197.406.19$8,136
Jan 201481,49190.404.86$7,971
Dec 201381,46291.824.35$7,101
Nov 201351,47588.853.74$5,958
Oct 201371,76897.423.78$7,364
Sep 201352,002104.113.72$7,963
Aug 201351,849104.253.52$7,035
Jul 201382,094102.523.72$8,605
Jun 201362,01794.403.93$8,500
May 201362,20294.834.15$9,705
Apr 201362,64893.964.28$11,904
Mar 201373,08993.623.91$12,742
Feb 201334,30891.233.42$15,007
Jan 201312,10791.603.42$7,297
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20111095.723.31$96
Oct 201121,73284.983.65$6,489
Sep 201142,16383.623.99$8,956
Aug 201132,10483.404.15$8,980
Jul 201142,20394.144.52$10,328
Jun 201142,14692.904.64$10,329
May 201142,26698.134.40$10,374
Apr 201162,431105.964.33$11,170
Mar 201132,54196.364.06$10,599
Feb 201102,54085.644.18$10,617
Jan 201102,03086.504.59$9,315
Dec 201003,69085.734.35$16,043
Nov 2010080480.843.80$3,051
Oct 201002,58678.103.51$9,074
Sep 201002,45672.633.98$9,774
Aug 201003,27473.684.42$14,469
Jul 2010070672.554.74$3,344
Jun 201001,02070.364.91$5,009
May 201002,64471.124.24$11,198
Apr 201004,20081.694.12$17,315
Mar 201001,57578.394.39$6,912
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 2009070167.423.22$2,256
Jul 200901,94561.133.46$6,738
Jun 200901,82066.163.90$7,089
May 200902,28654.743.93$8,974
Apr 200902,68646.773.59$9,636
Mar 20090042.144.06$0
Feb 200901,20132.814.63$5,564
Jan 200902,11635.865.37$11,365
Dec 200802,25037.105.98$13,449
Nov 200802,60255.496.86$17,851
Oct 200801,85375.246.92$12,826
Sep 200802,154101.767.88$16,967
Aug 200802,427114.228.48$20,588
Jul 200802,231131.0811.39$25,410
Jun 200801,961131.3313.03$25,557
May 200802,051123.1711.57$23,739
Apr 200802,170110.3110.45$22,687
Mar 200802,169101.909.66$20,961
Feb 200802,16792.538.77$19,006
Jan 200802,31390.388.21$18,980
Dec 200702,25088.337.30$16,429
Nov 200702,13391.677.29$15,553
Oct 200702,32582.856.92$16,094
Sep 200702,14075.846.24$13,363
Aug 200702,30169.066.39$14,699
Jul 200702,45170.906.39$15,657
Jun 200772,16762.007.55$16,791
May 200762,24458.747.85$17,959
Apr 200782,12059.617.81$17,024
Mar 200772,10556.927.30$15,769
Feb 2007111,93855.108.22$16,529
Jan 2007232,11450.306.73$15,377
Dec 2006212,15856.656.92$16,120
Nov 2006132,18954.207.62$17,379
Oct 2006122,41754.906.01$15,194
Sep 2006132,36160.085.04$12,674
Aug 2006112,48868.717.34$19,018
Jul 200692,44369.376.34$16,120
Jun 200672,27766.286.38$15,000
May 200642,50666.016.42$16,365
Apr 200642,42664.397.36$18,114
Mar 200642,49256.707.08$17,877
Feb 200652,23057.597.75$17,573
Jan 2006112,45260.598.93$22,571
Dec 200552,38454.9413.42$32,257
Nov 200582,41954.6910.59$26,051
Oct 200582,56658.3413.80$35,867
Sep 200512,51561.4512.08$30,440
Aug 200572,53261.519.80$25,236
Jul 200562,65855.697.84$21,183
Jun 200562,54652.337.38$19,106
May 200532,64045.226.65$17,695
Apr 2005102,57249.207.36$19,423
Mar 200562,57850.377.15$18,748
Feb 200542,18645.226.31$13,979
Jan 200572,61743.166.32$16,847
Dec 200472,56339.866.75$17,582
Nov 200462,50145.286.33$16,104
Oct 200452,66949.706.52$17,637
Sep 200452,60243.245.28$13,965
Aug 200432,73442.375.55$15,303
Jul 200452,53638.286.08$15,621
Jun 200442,43936.106.43$15,835
May 200482,43337.486.49$16,101
Apr 200442,47434.475.86$14,632
Mar 200482,68734.365.53$15,134
Feb 200442,59532.455.51$14,427
Jan 200422,70832.036.30$17,123
Dec 200322,79630.266.30$17,680
Nov 200372,76128.804.60$12,889
Oct 200353,09328.174.76$14,862
Sep 200332,44726.314.75$11,701
Aug 200352,79229.765.13$14,471
Jul 200332,62429.415.17$13,657
Jun 2003122,12228.565.98$13,039
May 2003132,76426.595.97$16,854
Apr 2003112,07926.675.41$11,535
Mar 2003172,51531.146.10$15,861
Feb 200392,17633.487.93$17,548
Jan 2003132,25830.315.58$12,998
Dec 2002162,91726.914.85$14,589
Nov 200282,86724.664.14$12,058
Oct 2002152,74426.464.23$12,002
Sep 200272,78627.443.64$10,320
Aug 2002132,76025.963.16$9,071
Jul 2002133,22424.583.06$10,191
Jun 2002122,57523.733.34$8,881
May 2002162,62824.663.58$9,813
Apr 2002202,92323.653.51$10,740
Mar 200283,77322.003.10$11,883
Feb 200281,73018.222.38$4,256
Jan 2002132,37117.172.38$5,856
Dec 2001122,55616.932.36$6,247
Nov 200192,49018.072.41$6,152
Oct 2001172,59719.782.53$6,904
Sep 200142,50524.262.25$5,737
Aug 200103,10624.873.05$9,483
Jul 200102,78823.933.20$8,913
Jun 200102,42924.563.82$9,289
May 200102,65525.524.31$11,436
Apr 200102,64624.685.34$14,117
Mar 200103,36024.545.38$18,065
Feb 200102,35027.755.77$13,553
Jan 200102,95527.478.40$24,818
Dec 200003,26226.889.12$29,758
Nov 200003,23232.215.66$18,287
Oct 200002,94431.235.15$15,148
Sep 200003,06631.875.19$15,902
Aug 200003,19529.644.54$14,508
Jul 200003,41928.534.09$13,983
Jun 200003,20229.304.40$14,080
May 200043,17727.263.68$11,800
Apr 2000142,70424.513.12$8,769
Mar 2000112,58328.422.86$7,699
Feb 200092,69227.622.73$7,588
Jan 200032,53525.272.48$6,364
Dec 1999112,31824.282.42$5,885
Nov 199972,59823.192.43$6,486
Oct 199972,82020.982.80$8,053
Sep 199972,86821.752.62$7,663
Aug 199952,48919.262.88$7,254
Jul 1999102,63517.892.37$6,430
Jun 199962,66915.942.36$6,400
May 199963,59915.792.32$8,448
Apr 199953,27015.102.21$7,296
Mar 1999153,22112.471.84$6,108
Feb 199973,2119.981.82$5,907
Jan 199973,50910.381.90$6,740
Dec 1998133,3839.201.77$6,119
Nov 199872,90410.892.19$6,424
Oct 199863,85312.421.97$7,662
Sep 199893,47712.592.08$7,355
Aug 199854,81411.301.91$9,238
Jul 199821,53211.742.24$3,451
Jun 1998131,96811.242.24$4,549
May 1998393,68712.622.21$8,627
Apr 199803,76613.042.51$9,435
Mar 1998273,58812.802.31$8,632
Feb 1998203,55213.952.30$8,446
Jan 1998253,88214.702.15$8,732
Dec 1997223,79316.322.41$9,504
Nov 1997192,90118.193.09$9,305
Oct 199785,84919.253.15$18,577
Sep 199743,56817.742.95$10,614
Aug 199712,51617.862.55$6,446
Jul 199742,63017.582.25$5,980
Jun 199733,08417.242.26$7,013
May 199753,02918.972.31$7,087
Apr 199733,05117.882.08$6,408
Mar 199753,26718.951.94$6,430
Feb 199743,17920.492.21$7,095
Jan 199741,97723.483.54$7,092
Dec 199612,21323.32$23
Nov 1996284621.97$44
Oct 199621,18423.31$47
Sep 199611,49622.22$22
Aug 199631,12720.26$61
Jul 199631,65719.55$59
Jun 199632,32218.73$56
May 199652,15919.43$97
Apr 199632,88721.51$65
Mar 199603,68619.38$0
Feb 199602,71516.98$0
Jan 199613,15517.07$17
Dec 199513,66917.19$17
Nov 199513,76216.00$16
Oct 199513,95415.43$15
Sep 199513,48816.18$16
Aug 199513,94115.92$16
Jul 199573,53515.24$107
Jun 1995143,54616.41$230
May 1995253,19417.56$439
Apr 1995203,86417.73$355
Mar 1995143,57916.44$230
Feb 1995212,90716.58$348
Jan 1995143,50015.92$223
Dec 199463,29415.03$90
Nov 199403,75415.90$0
Oct 199403,17615.58$0
Sep 199403,37615.29$0
Aug 199402,86016.13$0
Jul 199412,89717.56$18
Jun 19940017.09$0
May 199423,61415.88$32
Apr 199423,38114.14$28
Mar 199422,52612.46$25
Feb 199413,47112.50$13
Jan 199421,88312.66$25
Dec 199322,43312.33$25
Nov 199329,29914.49$29
Oct 199343,94915.85$63
Sep 199343,76015.03$60
Aug 199354,62015.66$78
Jul 199353,95315.46$77
Jun 199384,01116.79$134
May 1993454,58217.68$796
Apr 1993454,49118.05$812
Mar 1993414,52418.14$744
Feb 1993304,29417.90$537
Jan 1993284,25016.93$474

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             0 bbl  × $106.41 =         $0
Gas                1,533 Mcf  × $  3.05 =     $4,669

────────────────────────────────────────────────────
Month total                                   $4,669

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/68273 is the state's own key, not one this site invented.