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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 275045District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.2 M
Feb 2014 – May 2026
Value, last 12 filed months
$404 k
at the published price for each month
Months reported
148
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 Gas112015-01-23215076
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
CondensateDisposition10,679 bbl$733,838
GasProduction2,298,650 Mcf$7,514,185
Total$8,248,022

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 33.3213, -97.5230. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.32131, -97.52301 · 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
7,965 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 7,965 ft.

Completions filed
May 2014
1 of 1 wells

1 well

42-4973776011HC7,965 ftMay 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 (148)

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

148 months

May 2026628,200106.413.05$31,573
Apr 202638,06798.932.87$23,447
Mar 2026868,20589.753.15$33,560
Feb 202607,88463.503.75$29,568
Jan 2026897,22559.138.00$63,048
Dec 202538,13656.664.41$36,077
Nov 2025887,85458.593.93$35,994
Oct 202508,58659.383.30$28,375
Sep 202508,22162.743.08$25,295
Aug 202508,29363.933.01$25,001
Jul 20252298,90366.743.32$44,799
Jun 202508,77766.483.13$27,461
May 2025010,18160.553.23$32,908
Apr 202508,28762.363.54$29,362
Mar 202508,66567.704.27$36,985
Feb 202507,75470.884.34$33,659
Jan 202517811,11374.324.28$60,778
Dec 202409,25068.993.12$28,873
Nov 202408,93869.052.20$19,650
Oct 202409,33671.372.28$21,299
Sep 202409,29469.612.36$21,974
Aug 202409,60175.632.06$19,813
Jul 2024011,17979.932.15$23,997
Jun 202409,53378.082.63$25,110
May 2024859,35778.812.20$27,270
Apr 202409,21584.451.66$15,290
Mar 202409,30180.301.55$14,371
Feb 202408,65876.091.78$15,443
Jan 202409,20373.023.30$30,348
Dec 20239411,41771.262.61$36,505
Nov 202309,33577.892.81$26,209
Oct 2023011,22685.443.09$34,658
Sep 202309,44489.042.74$25,830
Aug 20231839,92380.522.67$41,258
Jul 2023010,09474.852.64$26,666
Jun 202309,25668.962.26$20,904
May 202309,96770.622.23$22,201
Apr 202309,59778.122.24$21,476
Mar 2023010,12772.852.39$24,236
Feb 202309,27575.112.47$22,869
Jan 2023010,18076.533.39$34,487
Dec 20221949,63976.415.73$70,046
Nov 202209,75985.005.65$55,101
Oct 2022010,19587.185.86$59,781
Sep 202209,80384.888.16$80,029
Aug 2022010,43294.529.13$95,215
Jul 202218010,769101.587.54$99,505
Jun 2022010,475115.097.98$83,561
May 2022010,460109.378.43$88,210
Apr 2022010,184104.226.84$69,634
Mar 2022010,613108.885.08$53,876
Feb 20221009,87291.054.86$57,071
Jan 2022010,91281.844.54$49,515
Dec 2021011,46271.323.90$44,692
Nov 2021011,26577.435.24$58,993
Oct 202118411,13579.795.71$78,305
Sep 202117611,03169.865.35$71,321
Aug 2021011,06066.024.22$46,680
Jul 2021011,10470.783.98$44,217
Jun 2021011,00669.493.38$37,207
May 202117111,81863.483.02$46,518
Apr 2021010,79060.362.76$29,763
Mar 2021012,36161.302.72$33,584
Feb 202109,22157.805.55$51,158
Jan 2021011,62050.412.81$32,655
Dec 2020012,02044.642.68$32,159
Nov 202018511,90838.772.71$39,402
Oct 2020012,15136.972.48$30,115
Sep 2020012,06337.091.99$24,018
Aug 2020012,30639.982.39$29,351
Jul 2020012,65038.371.83$23,088
Jun 202018212,27534.901.69$27,100
May 2020012,80416.921.81$23,236
Apr 2020012,52114.751.80$22,593
Mar 2020013,03930.341.86$24,203
Feb 202017612,32249.881.98$33,185
Jan 2020012,91457.252.09$27,051
Dec 2019013,11359.012.30$30,217
Nov 2019012,80055.302.75$35,209
Oct 2019013,29853.472.42$32,162
Sep 201917613,01955.052.66$44,284
Aug 2019013,75853.112.30$31,703
Jul 2019013,83756.272.46$34,040
Jun 2019013,54852.782.49$33,751
May 2019014,24558.482.74$39,036
Apr 2019014,11162.632.75$38,815
Mar 201918414,47456.803.06$54,772
Feb 2019012,96150.852.79$36,190
Jan 2019015,23846.033.23$49,191
Dec 2018015,65146.594.19$65,506
Nov 201818915,24752.934.24$74,609
Oct 2018016,09661.443.40$54,696
Sep 2018015,72059.543.11$48,858
Aug 201818216,25759.403.07$60,664
Jul 2018016,34865.142.93$47,930
Jun 2018016,24760.183.08$49,991
May 2018016,69465.382.90$48,426
Apr 2018016,59563.842.90$48,139
Mar 2018017,23461.222.79$48,028
Feb 2018015,47361.782.77$42,800
Jan 201817318,04762.874.01$83,233
Dec 2017015,20457.272.92$44,419
Nov 2017017,27155.423.12$53,857
Oct 201716915,62849.292.98$54,959
Sep 2017016,85047.523.09$52,021
Aug 2017018,08945.373.00$54,347
Jul 201716717,48143.873.09$61,295
Jun 2017015,21042.493.09$46,958
May 2017016,32745.373.26$53,282
Apr 20179818,67247.933.21$64,664
Mar 2017019,84946.772.98$59,223
Feb 2017018,12550.452.95$53,516
Jan 201717221,10049.413.42$80,635
Dec 2016021,05048.763.72$78,366
Nov 201618521,00542.492.64$63,405
Oct 2016022,06146.193.09$68,174
Sep 2016021,47341.553.10$66,580
Aug 201615322,75541.442.92$72,884
Jul 2016023,32541.622.92$68,210
Jun 20169422,82245.352.69$65,559
May 201618624,42342.521.99$56,536
Apr 2016024,42236.561.99$48,625
Mar 201618025,21533.011.79$51,178
Feb 2016024,66326.472.06$50,895
Jan 2016026,03027.352.36$61,544
Dec 20159227,15632.362.00$57,327
Nov 201529126,88938.792.17$69,565
Oct 2015027,97843.552.43$67,891
Sep 201516927,73842.992.76$83,778
Aug 2015028,59140.162.87$82,127
Jul 201516828,42648.152.95$91,806
Jun 20157228,38656.152.88$85,876
May 201517831,96655.212.96$104,301
Apr 2015031,67849.822.71$85,739
Mar 201534531,97842.892.93$108,643
Feb 2015029,99244.662.98$89,262
Jan 201537834,41843.433.10$123,134
Dec 201417834,68654.693.59$134,305
Nov 201417935,40770.464.25$163,157
Oct 201434939,62878.303.90$181,914
Sep 201435340,29986.164.05$193,442
Aug 201453342,35989.394.04$218,569
Jul 201451744,00096.564.18$233,824
Jun 201467443,37998.164.74$271,641
May 20141,24731,61994.734.73$267,577
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$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            62 bbl  × $106.41 =     $6,597
Gas                8,200 Mcf  × $  3.05 =    $24,976

────────────────────────────────────────────────────
Month total                                  $31,573

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/275045 is the state's own key, not one this site invented.