MineralRecord
Log inSign up

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 275067District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.3 M
Sep 2013 – May 2026
Value, last 12 filed months
$365 k
at the published price for each month
Months reported
153
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 Gas112015-01-23215074
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
CondensateDisposition4,479 bbl$340,914
GasProduction1,438,877 Mcf$4,999,586
Total$5,340,500

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 33.3118, -97.5446. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.31177, -97.54455 · 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
7,871 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 7,871 ft.

Completions filed
Apr 2023
1 of 1 wells

1 well

42-497377042H7,871 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 (153)

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

153 months

May 2026517,047106.413.05$26,891
Apr 202607,02398.932.87$20,154
Mar 202607,68189.753.15$24,191
Feb 202607,25663.503.75$27,212
Jan 202607,15659.138.00$57,233
Dec 202518,93556.664.41$39,490
Nov 2025318,71458.593.93$36,031
Oct 202509,14859.383.30$30,233
Sep 202507,83562.743.08$24,108
Aug 202508,24163.933.01$24,845
Jul 2025558,27166.743.32$31,091
Jun 202507,46366.483.13$23,350
May 202507,22660.553.23$23,357
Apr 202507,28962.363.54$25,826
Mar 202505,10467.704.27$21,786
Feb 202507,32970.884.34$31,814
Jan 2025948,83874.324.28$44,801
Dec 202408,55468.993.12$26,700
Nov 202409,71369.052.20$21,353
Oct 202408,97171.372.28$20,466
Sep 202408,58769.612.36$20,303
Aug 202408,38275.632.06$17,297
Jul 202407,72579.932.15$16,582
Jun 202407,99578.082.63$21,059
May 2024828,56378.812.20$25,288
Apr 202408,73584.451.66$14,493
Mar 202409,98980.301.55$15,434
Feb 202409,62176.091.78$17,160
Jan 2024010,64573.023.30$35,104
Dec 20232719,95271.262.61$45,293
Nov 202308,03377.892.81$22,553
Oct 202307,55185.443.09$23,312
Sep 202306,41489.042.74$17,543
Aug 202308,78580.522.67$23,481
Jul 202308,28174.852.64$21,877
Jun 202308,42268.962.26$19,021
May 2023011,23270.622.23$25,018
Apr 202305,68478.122.24$12,719
Mar 202301,10472.852.39$2,642
Feb 202302,44775.112.47$6,034
Jan 202306,81576.533.39$23,087
Dec 202208,26176.415.73$47,328
Nov 202208,84985.005.65$49,963
Oct 202209,46987.185.86$55,524
Sep 202208,96184.888.16$73,155
Aug 202209,96894.529.13$90,980
Jul 2022010,502101.587.54$79,207
Jun 202209,594115.097.98$76,533
May 2022010,217109.378.43$86,160
Apr 2022010,502104.226.84$71,808
Mar 2022011,174108.885.08$56,724
Feb 20221109,09091.054.86$54,182
Jan 202203,39781.844.54$15,415
Dec 202102,86671.323.90$11,175
Nov 2021011,10177.435.24$58,134
Oct 2021010,91479.795.71$62,361
Sep 2021010,93469.865.35$58,507
Aug 202109,92466.024.22$41,885
Jul 2021011,29170.783.98$44,962
Jun 202109,88069.493.38$33,401
May 202108,07563.483.02$24,368
Apr 202106,09660.362.76$16,815
Mar 202109,40261.302.72$25,545
Feb 20211797,13157.805.55$49,909
Jan 2021010,05350.412.81$28,252
Dec 2020011,54444.642.68$30,886
Nov 202009,10038.772.71$24,630
Oct 2020010,33736.972.48$25,620
Sep 202009,79237.091.99$19,496
Aug 2020010,15639.982.39$24,223
Jul 202008,96938.371.83$16,370
Jun 2020010,59334.901.69$17,905
May 2020010,63116.921.81$19,293
Apr 2020010,48714.751.80$18,923
Mar 2020012,10830.341.86$22,475
Feb 2020010,20349.881.98$20,209
Jan 2020010,41157.252.09$21,808
Dec 2019010,92959.012.30$25,184
Nov 201916512,47155.302.75$43,428
Oct 2019013,19553.472.42$31,913
Sep 2019013,84055.052.66$36,777
Aug 2019015,77253.112.30$36,344
Jul 2019015,26556.272.46$37,553
Jun 2019014,37052.782.49$35,799
May 2019016,14058.482.74$44,229
Apr 201917715,73862.632.75$54,376
Mar 2019016,77556.803.06$51,367
Feb 2019015,21350.852.79$42,478
Jan 2019016,57346.033.23$53,501
Dec 2018017,29446.594.19$72,383
Nov 2018015,83352.934.24$67,088
Oct 2018016,26961.443.40$55,283
Sep 2018013,75659.543.11$42,754
Aug 2018012,96759.403.07$39,764
Jul 201817414,00265.142.93$52,387
Jun 2018013,65260.183.08$42,006
May 2018015,21365.382.90$44,130
Apr 2018012,12163.842.90$35,161
Mar 2018011,23261.222.79$31,302
Feb 201809,21961.782.77$25,501
Jan 201809,20462.874.01$36,902
Dec 201709,54257.272.92$27,877
Nov 201708,73055.423.12$27,223
Oct 201708,71049.292.98$25,988
Sep 201709,13547.523.09$28,202
Aug 201704,73545.373.00$14,226
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 201606,56342.521.99$13,067
Apr 201606,66936.561.99$13,278
Mar 20161864,01733.011.79$13,346
Feb 201602,33526.472.06$4,819
Jan 201603,90327.352.36$9,228
Dec 2015762,35132.362.00$7,165
Nov 2015863,35438.792.17$10,605
Oct 201508,48443.552.43$20,587
Sep 20151703,15942.992.76$16,022
Aug 201505,73540.162.87$16,474
Jul 201507,96348.152.95$23,452
Jun 2015011,11056.152.88$32,029
May 2015836,54755.212.96$23,932
Apr 2015021,64849.822.71$58,592
Mar 2015018,60142.892.93$54,589
Feb 201513421,72744.662.98$70,648
Jan 2015019,89343.433.10$61,681
Dec 201416919,48854.693.59$79,231
Nov 2014022,57570.464.25$95,985
Oct 2014027,39078.303.90$106,847
Sep 201416327,71386.164.05$126,155
Aug 201416229,39189.394.04$133,077
Jul 201417030,64696.564.18$144,503
Jun 201434734,78498.164.74$198,829
May 20141,34345,50094.734.73$342,281
Apr 201404,69895.944.81$22,593
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
Sep 201300104.113.72$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            51 bbl  × $106.41 =     $5,427
Gas                7,047 Mcf  × $  3.05 =    $21,464

────────────────────────────────────────────────────
Month total                                  $26,891

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/275067 is the state's own key, not one this site invented.