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 275042District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Dec 2013 – May 2026
Value, last 12 filed months
$181 k
at the published price for each month
Months reported
150
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 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 Gas112015-01-13215069
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
CondensateDisposition5,014 bbl$422,137
GasProduction1,215,805 Mcf$4,010,820
Total$4,432,957

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 33.3210, -97.5345. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.32101, -97.53445 · 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
7,945 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 7,945 ft.

Completions filed
Apr 2023
1 of 1 wells

1 well

42-497377138HA7,945 ftApr 2023

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 (150)

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

150 months

May 202601,232106.413.05$3,752
Apr 202601,14098.932.87$3,271
Mar 202601,22289.753.15$3,849
Feb 2026371,10563.503.75$6,494
Jan 202604,01659.138.00$32,120
Dec 2025547,07056.664.41$34,262
Nov 202507,79658.593.93$30,611
Oct 202509,86059.383.30$32,586
Sep 202503,78462.743.08$11,643
Aug 202501,52063.933.01$4,582
Jul 202501,24066.743.32$4,111
Jun 202504,46666.483.13$13,973
May 202503,11860.553.23$10,078
Apr 202504,99162.363.54$17,684
Mar 202506,88767.704.27$29,396
Feb 202503,72770.884.34$16,178
Jan 202504,00674.324.28$17,140
Dec 202405,91068.993.12$18,447
Nov 202405,81969.052.20$12,793
Oct 202407,16171.372.28$16,337
Sep 202407,88369.612.36$18,638
Aug 202408,45575.632.06$17,448
Jul 202406,62279.932.15$14,215
Jun 202406,26378.082.63$16,497
May 202407,72878.812.20$16,990
Apr 202407,97784.451.66$13,235
Mar 202408,60380.301.55$13,293
Feb 202407,97076.091.78$14,216
Jan 202404,39573.023.30$14,493
Dec 2023837,38771.262.61$25,200
Nov 202305,65577.892.81$15,877
Oct 202303,62985.443.09$11,204
Sep 2023011,77089.042.74$32,191
Aug 202309,20280.522.67$24,596
Jul 202301,04074.852.64$2,747
Jun 202304068.962.26$90
May 202301,24070.622.23$2,762
Apr 202301,02878.122.24$2,300
Mar 20230072.852.39$0
Feb 20230875.112.47$20
Jan 202301,06576.533.39$3,608
Dec 202201,27776.415.73$7,316
Nov 202201,18485.005.65$6,685
Oct 202204,25987.185.86$24,974
Sep 202203,93984.888.16$32,157
Aug 202201,77394.529.13$16,182
Jul 202204,194101.587.54$31,631
Jun 202208,241115.097.98$65,740
May 202208,095109.378.43$68,265
Apr 202208,070104.226.84$55,179
Mar 202204,121108.885.08$20,920
Feb 202201,27491.054.86$6,190
Jan 202205,12981.844.54$23,274
Dec 202108,06171.323.90$31,431
Nov 202104,82977.435.24$25,289
Oct 20211608,01279.795.71$58,546
Sep 202107,69069.865.35$41,149
Aug 202101,93966.024.22$8,184
Jul 202107,21770.783.98$28,739
Jun 202105,16169.493.38$17,447
May 202108,67063.483.02$26,163
Apr 202106,10460.362.76$16,837
Mar 202101,51961.302.72$4,127
Feb 2021098057.805.55$5,437
Jan 202103,46150.412.81$9,726
Dec 202005,34244.642.68$14,292
Nov 202003,68538.772.71$9,974
Oct 202005,06936.972.48$12,563
Sep 202001,16337.091.99$2,316
Aug 202003,16039.982.39$7,537
Jul 202007,47738.371.83$13,646
Jun 202007,15934.901.69$12,101
May 202009,81316.921.81$17,808
Apr 2020010,22614.751.80$18,452
Mar 202007,93030.341.86$14,720
Feb 20200049.881.98$0
Jan 20201743,57957.252.09$17,459
Dec 201907,75859.012.30$17,877
Nov 201904,87555.302.75$13,410
Oct 2019011,15253.472.42$26,972
Sep 2019011,37855.052.66$30,235
Aug 201907,36853.112.30$16,979
Jul 2019038856.272.46$955
Jun 2019012,62452.782.49$31,449
May 201901,04458.482.74$2,861
Apr 201906,06362.632.75$16,677
Mar 2019010,33256.803.06$31,638
Feb 2019011,30050.852.79$31,552
Jan 201907,02446.033.23$22,675
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20181664661.443.40$10,355
Sep 201805,56059.543.11$17,280
Aug 201807,44259.403.07$22,821
Jul 201802,11365.142.93$6,195
Jun 20180060.183.08$0
May 201801,20065.382.90$3,481
Apr 2018012,13763.842.90$35,207
Mar 201805,33561.222.79$14,868
Feb 20180461.782.77$11
Jan 20180062.874.01$0
Dec 201708,75257.272.92$25,569
Nov 2017011,64955.423.12$36,326
Oct 201705,40349.292.98$16,121
Sep 2017010,16747.523.09$31,388
Aug 201702,04745.373.00$6,150
Jul 20171646,23743.873.09$26,450
Jun 2017016,29542.493.09$50,307
May 201708,49845.373.26$27,732
Apr 2017052347.933.21$1,680
Mar 201702,81046.772.98$8,384
Feb 2017010,46550.452.95$30,899
Jan 2017011,79949.413.42$40,338
Dec 201609,21248.763.72$34,295
Nov 201608,73342.492.64$23,093
Oct 20166712,78846.193.09$42,613
Sep 201607,80341.553.10$24,194
Aug 201607,03041.442.92$20,558
Jul 2016012,64541.622.92$36,978
Jun 2016010,12745.352.69$27,199
May 2016024,97542.521.99$49,726
Apr 2016016,96836.561.99$33,784
Mar 2016015,97833.011.79$28,665
Feb 2016024,96926.472.06$51,527
Jan 201605,34927.352.36$12,647
Dec 20159616,10032.362.00$35,329
Nov 2015559,31838.792.17$22,329
Oct 2015017,91443.552.43$43,470
Sep 201506,46342.992.76$17,828
Aug 2015018,15440.162.87$52,147
Jul 2015013,27648.152.95$39,099
Jun 2015032,14456.152.88$92,667
May 20158718,45055.212.96$59,331
Apr 2015014,89649.822.71$40,317
Mar 2015016,28742.892.93$47,798
Feb 201508,15244.662.98$24,262
Jan 201517835,55243.433.10$117,964
Dec 201409,85854.693.59$35,404
Nov 201406,43570.464.25$27,361
Oct 2014043,50678.303.90$169,715
Sep 201417141,68686.164.05$183,372
Aug 201417835,67989.394.04$159,880
Jul 201434540,02196.564.18$200,585
Jun 201451647,52898.164.74$275,785
May 20142,48334,18994.734.73$396,811
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$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                1,232 Mcf  × $  3.05 =     $3,752

────────────────────────────────────────────────────
Month total                                   $3,752

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/275042 is the state's own key, not one this site invented.