ARMSTRONG, IONA FAYE 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 98601District 06Field 66461275NGPA filingCondensateGasSaveExport
Value, all time
$7.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$103 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
CondensateDisposition7,045 bbl$209,853
GasProduction2,765,728 Mcf$7,446,662
Total$7,656,515

995,488 Mcf of this lease's gas, across 48 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 32.2392, -94.8450. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23917, -94.84503 · 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
10,850 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 10,850 ft.

Completions filed
Mar 1982
1 of 1 wells

1 well

42-40131409110,850 ftMar 1982

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 202602,323106.413.05$7,075
Apr 2026212,29598.932.87$8,664
Mar 202602,34289.753.15$7,376
Feb 202602,12163.503.75$7,954
Jan 202602,00059.138.00$15,996
Dec 2025142,34956.664.41$11,160
Nov 202502,12358.593.93$8,336
Oct 202502,25359.383.30$7,446
Sep 202502,11462.743.08$6,505
Aug 2025122,30463.933.01$7,713
Jul 202502,26066.743.32$7,492
Jun 202502,41766.483.13$7,562
May 202502,49860.553.23$8,074
Apr 2025142,35962.363.54$9,231
Mar 202502,61867.704.27$11,174
Feb 202502,36370.884.34$10,257
Jan 202502,40574.324.28$10,290
Dec 2024102,38468.993.12$8,131
Nov 202402,29769.052.20$5,050
Oct 202402,51871.372.28$5,745
Sep 202402,44069.612.36$5,769
Aug 2024102,53675.632.06$5,990
Jul 202402,53979.932.15$5,450
Jun 202492,18878.082.63$6,466
May 202402,65278.812.20$5,830
Apr 202402,48984.451.66$4,130
Mar 202402,67380.301.55$4,130
Feb 202482,46876.091.78$5,011
Jan 202402,55173.023.30$8,412
Dec 202302,55871.262.61$6,678
Nov 2023102,64877.892.81$8,213
Oct 202302,62285.443.09$8,095
Sep 202302,71589.042.74$7,426
Aug 202302,61980.522.67$7,000
Jul 2023152,60774.852.64$8,010
Jun 202302,64268.962.26$5,967
May 202302,58170.622.23$5,749
Apr 202302,42378.122.24$5,422
Mar 2023162,66772.852.39$7,548
Feb 202302,46275.112.47$6,071
Jan 202302,75576.533.39$9,333
Dec 202202,89076.415.73$16,557
Nov 2022132,82185.005.65$17,033
Oct 202202,98087.185.86$17,474
Sep 202201,84284.888.16$15,038
Aug 202202,71594.529.13$24,780
Jul 2022262,321101.587.54$20,146
Jun 202202,382115.097.98$19,002
May 202202,678109.378.43$22,584
Apr 202202,533104.226.84$17,320
Mar 2022342,724108.885.08$17,530
Feb 202202,42091.054.86$11,758
Jan 202202,73081.844.54$12,388
Dec 202102,82271.323.90$11,003
Nov 2021372,63877.435.24$16,680
Oct 202103,05179.795.71$17,433
Sep 202102,89469.865.35$15,486
Aug 2021353,10466.024.22$15,411
Jul 202103,14870.783.98$12,536
Jun 202102,99669.493.38$10,128
May 202103,16563.483.02$9,551
Apr 202103,09860.362.76$8,546
Mar 202103,41061.302.72$9,265
Feb 2021302,19057.805.55$13,884
Jan 202103,19050.412.81$8,965
Dec 202003,28244.642.68$8,781
Nov 202003,24338.772.71$8,777
Oct 202003,34836.972.48$8,298
Sep 2020273,44537.091.99$7,861
Aug 202003,45439.982.39$8,238
Jul 202003,12638.371.83$5,705
Jun 202002,17834.901.69$3,682
May 2020282,40116.921.81$4,831
Apr 202003,03014.751.80$5,467
Mar 2020312,70430.341.86$5,960
Feb 202002,41749.881.98$4,787
Jan 202002,67057.252.09$5,593
Dec 2019342,31759.012.30$7,346
Nov 201902,35055.302.75$6,464
Oct 201903,04553.472.42$7,364
Sep 201903,26755.052.66$8,681
Aug 201903,82153.112.30$8,805
Jul 201904,50956.272.46$11,092
Jun 2019233,48352.782.49$9,891
May 2019323,12458.482.74$10,432
Apr 201902,64862.632.75$7,284
Mar 201902,82556.803.06$8,650
Feb 201902,53750.852.79$7,084
Jan 201903,42946.033.23$11,069
Dec 2018253,55646.594.19$16,048
Nov 201802,98452.934.24$12,644
Oct 201812,97961.443.40$10,184
Sep 201802,76059.543.11$8,578
Aug 201803,19859.403.07$9,807
Jul 201803,48965.142.93$10,229
Jun 2018184,49760.183.08$14,920
May 201803,85165.382.90$11,171
Apr 201802,87863.842.90$8,349
Mar 2018183,13161.222.79$9,828
Feb 201802,75661.782.77$7,623
Jan 201802,59162.874.01$10,388
Dec 2017173,68257.272.92$11,731
Nov 201703,48655.423.12$10,871
Oct 201703,64849.292.98$10,884
Sep 201772,17047.523.09$7,032
Aug 201702,22845.373.00$6,694
Jul 201703,56143.873.09$10,994
Jun 201703,24042.493.09$10,003
May 201773,09645.373.26$10,421
Apr 201703,11047.933.21$9,988
Mar 201703,31046.772.98$9,876
Feb 201773,38750.452.95$10,354
Jan 201703,08549.413.42$10,547
Dec 201603,21948.763.72$11,984
Nov 201673,07142.492.64$8,418
Oct 201603,03846.193.09$9,388
Sep 201602,86141.553.10$8,871
Aug 201672,75641.442.92$8,350
Jul 201602,61541.622.92$7,647
Jun 201603,63045.352.69$9,750
May 2016173,02142.521.99$6,738
Apr 201602,32636.561.99$4,631
Mar 2016303,03933.011.79$6,442
Feb 201603,47726.472.06$7,175
Jan 2016292,58727.352.36$6,910
Dec 201502,92832.362.00$5,860
Nov 201501,71238.792.17$3,710
Oct 2015302,51143.552.43$7,400
Sep 201502,96742.992.76$8,184
Aug 201503,24940.162.87$9,333
Jul 2015302,98448.152.95$10,233
Jun 201502,43256.152.88$7,011
May 201503,38955.212.96$10,016
Apr 2015313,03949.822.71$9,770
Mar 201503,04742.892.93$8,942
Feb 2015163,19844.662.98$10,232
Jan 2015363,57443.433.10$12,645
Dec 201403,49454.693.59$12,548
Nov 2014143,26370.464.25$14,860
Oct 2014404,11978.303.90$19,200
Sep 201403,45186.164.05$13,961
Aug 201403,82489.394.04$15,430
Jul 2014383,65896.564.18$18,958
Jun 201402,38998.164.74$11,316
May 201402,74994.734.73$12,993
Apr 2014363,61095.944.81$20,815
Mar 201403,75195.895.06$18,968
Feb 201443,64397.406.19$22,947
Jan 201404,85790.404.86$23,609
Dec 201304,43491.824.35$19,308
Nov 201304,69788.853.74$17,559
Oct 201303,29097.423.78$12,434
Sep 201301,397104.113.72$5,194
Aug 201304,948104.253.52$17,430
Jul 201303,255102.523.72$12,101
Jun 201304,49694.403.93$17,685
May 201304,69294.834.15$19,467
Apr 201305,44093.964.28$23,297
Mar 201303,57493.623.91$13,985
Feb 201306,50991.233.42$22,260
Jan 201302,02991.603.42$6,939
Dec 20120086.773.42$0
Nov 201202,07386.953.62$7,515
Oct 201203,83289.383.40$13,028
Sep 201203,71394.672.92$10,836
Aug 201205,83792.662.91$16,975
Jul 201203,25185.133.02$9,821
Jun 20120079.822.52$0
May 201201,68791.612.49$4,198
Apr 201203,724101.652.00$7,436
Mar 201203,482105.052.22$7,737
Feb 201203,120101.102.57$8,019
Jan 201202,73498.092.73$7,475
Dec 201103,79596.873.24$12,295
Nov 201103,76695.723.31$12,470
Oct 201103,13684.983.65$11,442
Sep 201103,31083.623.99$13,193
Aug 201103,86683.404.15$16,041
Jul 201103,98894.144.52$18,015
Jun 201104,02292.904.64$18,662
May 201163,57398.134.40$16,327
Apr 201103,831105.964.33$16,601
Mar 2011364,01496.364.06$19,755
Feb 201102,79085.644.18$11,662
Jan 201103,95386.504.59$18,139
Dec 2010293,83985.734.35$19,177
Nov 201002,88880.843.80$10,961
Oct 201003,65878.103.51$12,836
Sep 2010243,20772.633.98$14,505
Aug 201004,13473.684.42$18,270
Jul 201003,19372.554.74$15,124
Jun 2010193,45570.364.91$18,302
May 201003,67671.124.24$15,569
Apr 201003,66981.694.12$15,126
Mar 2010234,26878.394.39$20,534
Feb 201004,14473.585.44$22,553
Jan 201005,18474.365.96$30,918
Dec 200903,05771.445.48$16,764
Nov 200903,24474.593.75$12,170
Oct 200903,99372.544.11$16,412
Sep 200903,51065.543.06$10,757
Aug 200904,07267.423.22$13,106
Jul 200903,31761.133.46$11,492
Jun 200903,52866.163.90$13,742
May 200904,20154.743.93$16,492
Apr 200903,87246.773.59$13,891
Mar 200964,80842.144.06$19,769
Feb 200903,99632.814.63$18,513
Jan 2009145,49835.865.37$30,032
Dec 2008153,37237.105.98$20,711
Nov 200815,05855.496.86$34,755
Oct 200824,21575.246.92$29,327
Sep 200814,578101.767.88$36,163
Aug 200824,467114.228.48$38,122
Jul 2008146,130131.0811.39$71,652
Jun 200833,081131.3313.03$40,548
May 2008174,819123.1711.57$57,870
Apr 2008185,750110.3110.45$62,101
Mar 200814,111101.909.66$39,831
Feb 2008134,34492.538.77$39,302
Jan 2008125,17990.388.21$43,582
Dec 2007104,50288.337.30$33,757
Nov 2007574,33691.677.29$36,842
Oct 2007164,63682.856.92$33,416
Sep 200704,70375.846.24$29,366
Aug 2007484,79169.066.39$33,920
Jul 200725,76770.906.39$36,981
Jun 2007135,24062.007.55$40,360
May 200705,34458.747.85$41,931
Apr 2007135,38959.617.81$42,837
Mar 200715,68256.927.30$41,547
Feb 2007104,73455.108.22$39,446
Jan 2007106,02950.306.73$41,059
Dec 200694,68756.656.92$32,937
Nov 200605,45854.207.62$41,576
Oct 200605,28454.906.01$31,777
Sep 2006195,95360.085.04$31,128
Aug 2006115,23168.717.34$39,151
Jul 2006115,31169.376.34$34,449
Jun 2006125,99866.286.38$39,086
May 200605,60866.016.42$36,031
Apr 200695,88264.397.36$43,874
Mar 2006105,68856.707.08$40,855
Feb 2006115,26657.597.75$41,451
Jan 2006175,76960.598.93$52,566
Dec 2005115,82054.9413.42$78,682
Nov 2005125,61354.6910.59$60,089
Oct 200567,84258.3413.80$108,536
Sep 200574,72461.4512.08$57,491
Aug 200595,15161.519.80$51,017
Jul 2005146,93355.697.84$55,160
Jun 200594,47852.337.38$33,523
May 2005146,06845.226.65$40,992
Apr 200575,55249.207.36$41,210
Mar 200536,00050.377.15$43,080
Feb 200565,28545.226.31$33,630
Jan 200555,56043.166.32$35,367
Dec 200465,96439.866.75$40,503
Nov 200435,88545.286.33$37,390
Oct 200456,42749.706.52$42,121
Sep 200476,08043.245.28$32,429
Aug 200476,36742.375.55$35,638
Jul 200466,64338.286.08$40,647
Jun 2004106,49236.106.43$42,124
May 200486,91437.486.49$45,203
Apr 2004137,88234.475.86$46,624
Mar 200466,77434.365.53$37,667
Feb 2004525,51232.455.51$32,056
Jan 2004438,08232.036.30$52,291
Dec 2003496,54530.266.30$42,727
Nov 2003387,18628.804.60$34,115
Oct 200306,31828.174.76$30,071
Sep 2003404,58426.314.75$22,823
Aug 2003215,84329.765.13$30,598
Jul 2003186,47029.415.17$33,985
Jun 2003394,75728.565.98$29,575
May 2003195,83426.595.97$35,350
Apr 2003256,57826.675.41$36,236
Mar 2003127,06631.146.10$43,448
Feb 2003246,53233.487.93$52,575
Jan 2003226,98630.315.58$39,663
Dec 2002267,14126.914.85$35,360
Nov 2002218,23324.664.14$34,577
Oct 2002234,62426.464.23$20,164
Sep 20021310,61227.443.64$38,933
Aug 2002327,57625.963.16$24,802
Jul 2002157,25024.583.06$22,566
Jun 2002307,90823.733.34$27,111
May 2002377,82924.663.58$28,972
Apr 2002127,82123.653.51$27,754
Mar 2002158,36022.003.10$26,269
Feb 200296,22318.222.38$14,948
Jan 2002148,42617.172.38$20,258
Dec 2001138,47316.932.36$20,254
Nov 2001138,04018.072.41$19,575
Oct 2001128,68419.782.53$22,198
Sep 2001138,21324.262.25$18,805
Aug 2001128,95224.873.05$27,630
Jul 2001178,37723.933.20$27,189
Jun 2001188,45824.563.82$32,787
May 2001198,61425.524.31$37,588
Apr 2001168,97624.685.34$48,285
Mar 2001219,10024.545.38$49,441
Feb 2001207,88727.755.77$46,040
Jan 200109,18727.478.40$77,159
Dec 200079,20426.889.12$84,152
Nov 2000209,02732.215.66$51,719
Oct 2000179,57631.235.15$49,804
Sep 2000117,63131.875.19$39,929
Aug 2000239,68829.644.54$44,673
Jul 20002010,01228.534.09$41,517
Jun 20001910,15129.304.40$45,193
May 20003211,66027.263.68$43,778
Apr 2000228,90224.513.12$28,278
Mar 20002910,64628.422.86$31,269
Feb 20007110,06327.622.73$29,398
Jan 20006210,68925.272.48$28,081
Dec 19997110,69224.282.42$27,638
Nov 19995611,41623.192.43$29,085
Oct 19995612,41220.982.80$35,975
Sep 19993411,59121.752.62$31,095
Aug 19994611,41619.262.88$33,714
Jul 19992210,29017.892.37$24,805
Jun 19999012,53215.942.36$31,036
May 19994010,47315.792.32$24,940
Apr 19994410,96615.102.21$24,878
Mar 19996216,61812.471.84$31,323
Feb 1999169,5399.981.82$17,500
Jan 1999343,99110.381.90$7,936
Dec 1998368,0949.201.77$14,684
Nov 1998178,01110.892.19$17,695
Oct 1998168,97812.421.97$17,878
Sep 1998238,09512.592.08$17,148
Aug 19981910,15511.301.91$19,584
Jul 19982110,31911.742.24$23,333
Jun 1998309,56311.242.24$21,732
May 19986211,58512.622.21$26,343
Apr 19983310,48613.042.51$26,701
Mar 19983710,77712.802.31$25,362
Feb 1998249,97213.952.30$23,262
Jan 19982612,49314.702.15$27,302
Dec 19972413,89116.322.41$33,884
Nov 19972015,18518.193.09$47,259
Oct 1997429,32019.253.15$30,165
Sep 199709,83317.742.95$29,055
Aug 19971612,84417.862.55$33,099
Jul 19971413,56617.582.25$30,728
Jun 19973112,49817.242.26$28,745
May 19971613,09418.972.31$30,531
Apr 19971713,67517.882.08$28,786
Mar 19971715,29418.951.94$29,979
Feb 19974510,69720.492.21$24,519
Jan 19973014,13423.483.54$50,735
Dec 19964815,47323.32$1,119
Nov 19962614,55521.97$571
Oct 19966216,27923.31$1,445
Sep 19962214,72522.22$489
Aug 19962415,38620.26$486
Jul 19963116,60719.55$606
Jun 19963114,88818.73$581
May 19966216,70819.43$1,205
Apr 19963616,94821.51$774
Mar 19966717,12319.38$1,298
Feb 19967217,22216.98$1,223
Jan 19964318,92917.07$734
Dec 19953918,22017.19$670
Nov 19953919,09516.00$624
Oct 19952020,63815.43$309
Sep 19954020,66216.18$647
Aug 19953422,64315.92$541
Jul 1995621,25815.24$91
Jun 1995022,87716.41$0
May 1995020,36717.56$0
Apr 1995022,20317.73$0
Mar 1995023,58816.44$0
Feb 1995022,32616.58$0
Jan 1995025,39415.92$0
Dec 19941924,81515.03$286
Nov 19949523,80715.90$1,511
Oct 19944823,20815.58$748
Sep 19948719,90615.29$1,330
Aug 199411922,83316.13$1,919
Jul 199410323,77517.56$1,809
Jun 199420222,57317.09$3,452
May 199418523,87615.88$2,938
Apr 199417724,01614.14$2,503
Mar 19947925,83112.46$984
Feb 19948023,00612.50$1,000
Jan 199416530,21712.66$2,089
Dec 199319624,75712.33$2,417
Nov 19938317,87114.49$1,203
Oct 19932520,46515.85$396
Sep 19934722,42915.03$706
Aug 19934422,21815.66$689
Jul 19934517,39515.46$696
Jun 19938718,68316.79$1,461
May 19937822,04717.68$1,379
Apr 199311622,27018.05$2,094
Mar 199310518,14418.14$1,905
Feb 19935621,73617.90$1,002
Jan 19938625,49616.93$1,456

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                2,323 Mcf  × $  3.05 =     $7,075

────────────────────────────────────────────────────
Month total                                   $7,075

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/98601 is the state's own key, not one this site invented.