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 275043District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.3 M
Jan 2014 – May 2026
Value, last 12 filed months
$333 k
at the published price for each month
Months reported
149
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 Gas112015-01-13215067
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
CondensateDisposition4,391 bbl$358,574
GasProduction2,090,552 Mcf$6,933,763
Total$7,292,337

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 33.3217, -97.5303. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.32167, -97.53032 · 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
7,915 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 7,915 ft.

Completions filed
Dec 2021
1 of 1 wells

1 well

42-497377589HB7,915 ftDec 2021

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 (149)

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

149 months

May 202600106.413.05$0
Apr 2026016598.932.87$474
Mar 202601,24489.753.15$3,918
Feb 202606,90463.503.75$25,892
Jan 202607,82759.138.00$62,600
Dec 202508,93856.664.41$39,447
Nov 202508,69358.593.93$34,133
Oct 202509,58059.383.30$31,660
Sep 2025010,04462.743.08$30,905
Aug 2025010,60663.933.01$31,975
Jul 20257810,60466.743.32$40,360
Jun 2025010,20066.483.13$31,913
May 2025010,24060.553.23$33,099
Apr 202509,84162.363.54$34,868
Mar 202509,47367.704.27$40,434
Feb 202508,48370.884.34$36,823
Jan 2025010,57674.324.28$45,251
Dec 2024010,90768.993.12$34,045
Nov 2024010,29669.052.20$22,635
Oct 202408,00171.372.28$18,253
Sep 202409,05669.612.36$21,412
Aug 2024010,11475.632.06$20,872
Jul 2024010,64079.932.15$22,840
Jun 202408,12678.082.63$21,404
May 202408,99178.812.20$19,766
Apr 202408,16184.451.66$13,541
Mar 202409,54780.301.55$14,751
Feb 202409,01076.091.78$16,071
Jan 202408,73773.023.30$28,812
Dec 2023010,02571.262.61$26,172
Nov 202309,34777.892.81$26,242
Oct 202309,16885.443.09$28,304
Sep 202308,94389.042.74$24,459
Aug 2023010,12680.522.67$27,066
Jul 202309,71774.852.64$25,670
Jun 202308,29168.962.26$18,725
May 202308,56570.622.23$19,078
Apr 202305,94278.122.24$13,297
Mar 202303,12672.852.39$7,481
Feb 202305,73075.112.47$14,128
Jan 2023011,64476.533.39$39,447
Dec 2022012,43376.415.73$71,230
Nov 2022012,11685.005.65$68,409
Oct 2022013,21987.185.86$77,513
Sep 2022011,16984.888.16$91,180
Aug 2022011,96094.529.13$109,161
Jul 2022012,300101.587.54$92,768
Jun 2022011,650115.097.98$92,934
May 2022011,473109.378.43$96,752
Apr 2022010,358104.226.84$70,824
Mar 2022012,046108.885.08$61,150
Feb 2022759,78391.054.86$54,363
Jan 2022010,18781.844.54$46,225
Dec 202104,56071.323.90$17,780
Nov 202102,77277.435.24$14,517
Oct 202108,89179.795.71$50,802
Sep 2021012,26469.865.35$65,624
Aug 2021013,01966.024.22$54,948
Jul 202117612,55970.783.98$62,468
Jun 2021010,93169.493.38$36,954
May 2021011,16363.483.02$33,686
Apr 202109,44260.362.76$26,045
Mar 2021010,30661.302.72$28,001
Feb 2021010,91757.805.55$60,567
Jan 2021010,98450.412.81$30,868
Dec 2020010,23744.642.68$27,389
Nov 2020010,78138.772.71$29,180
Oct 2020011,26436.972.48$27,917
Sep 2020012,02837.091.99$23,948
Aug 2020011,98239.982.39$28,578
Jul 2020012,06738.371.83$22,024
Jun 2020012,23034.901.69$20,672
May 2020012,63416.921.81$22,928
Apr 2020012,49014.751.80$22,537
Mar 2020013,36030.341.86$24,799
Feb 202016212,68549.881.98$33,205
Jan 2020013,36457.252.09$27,994
Dec 2019013,46259.012.30$31,021
Nov 2019013,37855.302.75$36,799
Oct 2019013,84653.472.42$33,487
Sep 2019012,24655.052.66$32,541
Aug 2019014,25053.112.30$32,837
Jul 2019014,25756.272.46$35,073
Jun 2019013,25352.782.49$33,016
May 2019013,55758.482.74$37,151
Apr 2019013,35562.632.75$36,736
Mar 201918211,80456.803.06$46,483
Feb 2019010,64850.852.79$29,732
Jan 201909,99346.033.23$32,259
Dec 2018095746.594.19$4,005
Nov 201804,09252.934.24$17,339
Oct 2018012,40461.443.40$42,150
Sep 2018014,66659.543.11$45,582
Aug 2018015,42459.403.07$47,299
Jul 2018015,43765.142.93$45,259
Jun 2018011,98960.183.08$36,889
May 2018011,94765.382.90$34,656
Apr 2018010,91663.842.90$31,665
Mar 201808,89961.222.79$24,800
Feb 201807,45561.782.77$20,621
Jan 201808,35362.874.01$33,490
Dec 201708,45557.272.92$24,701
Nov 201709,64255.423.12$30,067
Oct 2017010,84249.292.98$32,349
Sep 2017010,12547.523.09$31,259
Aug 201709,21145.373.00$27,674
Jul 2017012,12543.873.09$37,433
Jun 201709,58042.493.09$29,576
May 2017011,39045.373.26$37,170
Apr 2017010,87247.933.21$34,917
Mar 2017015,67946.772.98$46,781
Feb 2017015,73650.452.95$46,462
Jan 201710914,24749.413.42$54,093
Dec 2016017,61748.763.72$65,585
Nov 2016019,60842.492.64$51,850
Oct 2016020,17146.193.09$62,334
Sep 2016018,02041.553.10$55,873
Aug 2016021,87841.442.92$63,979
Jul 2016023,99841.622.92$70,178
Jun 201617522,69545.352.69$68,891
May 2016025,13042.521.99$50,035
Apr 2016016,07936.561.99$32,014
Mar 2016024,97033.011.79$44,796
Feb 2016020,98526.472.06$43,305
Jan 2016020,40927.352.36$48,254
Dec 2015027,50432.362.00$55,047
Nov 201516024,59838.792.17$59,518
Oct 2015028,55843.552.43$69,298
Sep 2015030,64642.992.76$84,535
Aug 2015033,64740.162.87$96,651
Jul 2015031,16448.152.95$91,780
Jun 2015023,96256.152.88$69,079
May 201516831,10355.212.96$101,199
Apr 2015035,19649.822.71$95,260
Mar 2015032,05842.892.93$94,081
Feb 2015030,94244.662.98$92,089
Jan 2015033,76043.433.10$104,677
Dec 201418222,31654.693.59$90,098
Nov 2014037,24670.464.25$158,364
Oct 2014034,92278.303.90$136,229
Sep 201417742,57686.164.05$187,489
Aug 201417645,10789.394.04$197,745
Jul 201432646,58696.564.18$226,189
Jun 201451847,40298.164.74$275,384
May 20141,72737,95594.734.73$342,995
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  165 Mcf  × $  2.87 =       $474

────────────────────────────────────────────────────
Month total                                     $474

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/275043 is the state's own key, not one this site invented.