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MERLE T. WAGGONER (AW)

Operated by BKV BARNETT, LLC (P-5 72504) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 275039District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.8 M
Oct 2013 – May 2026
Value, last 12 filed months
$222 k
at the published price for each month
Months reported
152
no gaps in the span
Streams
2
condensate, gas

The NEWARK, EAST (BARNETT SHALE) 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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 2009-09-29.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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 Gas112015-01-13215070
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
CondensateDisposition4,818 bbl$393,838
GasProduction1,299,204 Mcf$4,430,506
Total$4,824,344

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 33.3191, -97.5390. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.31909, -97.53897 · 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
7,887 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 7,887 ft.

Completions filed
Apr 2014
1 of 1 wells

1 well

42-497377116H7,887 ftApr 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 (152)

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

152 months

May 202603,816106.413.05$11,623
Apr 202606,70998.932.87$19,253
Mar 202607,30189.753.15$22,994
Feb 202606,50163.503.75$24,381
Jan 202605,36159.138.00$42,877
Dec 202506,61756.664.41$29,203
Nov 202502,96758.593.93$11,650
Oct 202501,79559.383.30$5,932
Sep 202502,92362.743.08$8,994
Aug 202503,79563.933.01$11,441
Jul 202504,46266.743.32$14,792
Jun 202506,01666.483.13$18,822
May 202504,68160.553.23$15,130
Apr 202506,98462.363.54$24,745
Mar 202505,42067.704.27$23,134
Feb 202503,34270.884.34$14,507
Jan 202504,92574.324.28$21,073
Dec 202405,09668.993.12$15,907
Nov 202404,50069.052.20$9,893
Oct 202406,18471.372.28$14,108
Sep 202405,66269.612.36$13,387
Aug 202405,64075.632.06$11,639
Jul 202404,40579.932.15$9,456
Jun 202403,02278.082.63$7,960
May 202404,11278.812.20$9,040
Apr 202404,94884.451.66$8,210
Mar 202407,29780.301.55$11,275
Feb 202406,02876.091.78$10,752
Jan 2024563,58573.023.30$15,911
Dec 202306,28971.262.61$16,419
Nov 202305,62277.892.81$15,784
Oct 202303,08285.443.09$9,515
Sep 202304,73789.042.74$12,956
Aug 202306,58580.522.67$17,601
Jul 202306,13974.852.64$16,218
Jun 202305,98668.962.26$13,519
May 202306,10270.622.23$13,592
Apr 202305,38178.122.24$12,041
Mar 202305,06172.852.39$12,112
Feb 202304,85675.112.47$11,973
Jan 202306,10676.533.39$20,685
Dec 202206,34276.415.73$36,334
Nov 202206,51185.005.65$36,762
Oct 202206,26487.185.86$36,731
Sep 202204,89384.888.16$39,945
Aug 202206,12594.529.13$55,904
Jul 202205,898101.587.54$44,483
Jun 202205,584115.097.98$44,545
May 202206,697109.378.43$56,476
Apr 202206,679104.226.84$45,668
Mar 202205,950108.885.08$30,205
Feb 202205,43591.054.86$26,408
Jan 202206,16781.844.54$27,984
Dec 202106,23771.323.90$24,319
Nov 202106,31577.435.24$33,071
Oct 202107,31679.795.71$41,803
Sep 202106,56069.865.35$35,102
Aug 202106,41266.024.22$27,062
Jul 202106,46270.783.98$25,732
Jun 202106,61969.493.38$22,376
May 202107,18263.483.02$21,673
Apr 20211536,28260.362.76$26,563
Mar 202108,03861.302.72$21,839
Feb 202103,17557.805.55$17,615
Jan 202107,23850.412.81$20,341
Dec 202007,13744.642.68$19,095
Nov 202007,49838.772.71$20,294
Oct 202008,52136.972.48$21,119
Sep 202008,19837.091.99$16,323
Aug 202006,52539.982.39$15,563
Jul 202007,59238.371.83$13,856
Jun 202008,65534.901.69$14,630
May 202007,57016.921.81$13,738
Apr 202008,72714.751.80$15,747
Mar 202007,99030.341.86$14,831
Feb 202007,11549.881.98$14,092
Jan 202007,76657.252.09$16,268
Dec 201908,15359.012.30$18,787
Nov 201909,49155.302.75$26,107
Oct 201909,37453.472.42$22,671
Sep 201909,02855.052.66$23,990
Aug 201908,93253.112.30$20,583
Jul 201908,34756.272.46$20,534
Jun 201908,35752.782.49$20,819
May 20191778,84458.482.74$34,586
Apr 201907,82162.632.75$21,513
Mar 201908,32956.803.06$25,504
Feb 201905,11750.852.79$14,288
Jan 201907,76446.033.23$25,064
Dec 2018011,41446.594.19$47,773
Nov 2018012,81752.934.24$54,309
Oct 2018014,50661.443.40$49,293
Sep 2018012,73759.543.11$39,587
Aug 2018011,40859.403.07$34,983
Jul 2018011,70165.142.93$34,306
Jun 2018011,75860.183.08$36,178
May 201817512,23765.382.90$46,939
Apr 201809,27763.842.90$26,911
Mar 201809,24861.222.79$25,773
Feb 2018010,79461.782.77$29,858
Jan 2018010,52562.874.01$42,198
Dec 2017013,12057.272.92$38,330
Nov 2017010,72955.423.12$33,457
Oct 2017011,93549.292.98$35,610
Sep 201703,95047.523.09$12,195
Aug 201706,91045.373.00$20,760
Jul 201705,54743.873.09$17,125
Jun 201706,64742.493.09$20,521
May 20170045.373.26$0
Apr 201701,79847.933.21$5,774
Mar 20171632,23546.772.98$14,292
Feb 201702,07350.452.95$6,121
Jan 201706,86949.413.42$23,484
Dec 2016011,43248.763.72$42,559
Nov 2016011,44642.492.64$30,267
Oct 2016010,98546.193.09$33,947
Sep 2016852,69141.553.10$11,876
Aug 201606,26541.442.92$18,321
Jul 2016012,43841.622.92$36,373
Jun 20161546,49945.352.69$24,439
May 201609,40342.521.99$18,722
Apr 2016011,50136.561.99$22,899
Mar 2016017,73033.011.79$31,808
Feb 201609,71826.472.06$20,054
Jan 201602,66527.352.36$6,301
Dec 20150632.362.00$12
Nov 20151726,36238.792.17$20,460
Oct 2015011,93443.552.43$28,959
Sep 2015015,43142.992.76$42,565
Aug 2015014,35440.162.87$41,232
Jul 201507,17448.152.95$21,128
Jun 201508,08056.152.88$23,294
May 20159115,53755.212.96$50,943
Apr 2015013,12149.822.71$35,513
Mar 2015013,20042.892.93$38,738
Feb 2015013,59144.662.98$40,449
Jan 201518122,37843.433.10$77,247
Dec 2014025,98254.693.59$93,311
Nov 2014030,59270.464.25$130,072
Oct 201417735,27978.303.90$151,481
Sep 2014032,17486.164.05$130,158
Aug 201417837,25289.394.04$166,228
Jul 201432839,02496.564.18$194,776
Jun 201433839,77998.164.74$221,606
May 20142,39041,60594.734.73$423,053
Apr 201406995.944.81$332
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$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             0 bbl  × $106.41 =         $0
Gas                3,816 Mcf  × $  3.05 =    $11,623

────────────────────────────────────────────────────
Month total                                  $11,623

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. 09/G/275039 is the state's own key, not one this site invented.