MERCHANT C.

Operated by LINN OPERATING, LLC (P-5 501480) in the PANHANDLE, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 42691District 10Field 68831001NGPA filingGasSaveExport
Value, all time
$363 k
Jan 1993 – Sep 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
297
no gaps in the span
Streams
1
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 4,532 leases and 4,532 wells, and the rule below applies to all of them.

Discovered
1933-02-08
as the register files it
Field class
Gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2013-11-12.

The Commission's schedule remark for this field reads: IS HEREBY SUSPENDED.

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
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
GasProduction115,365 Mcf$363,458
Total$363,458

40,137 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 35.7189, -101.5371. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.71889, -101.53709 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
2,662 ft
1 wells filed one
Completion to plug
50.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 2,662 ft.

Completions filed
Sep 1967
1 of 1 wells
Plug dates filed
Sep 2017
1 of 1 wells

Last completion to plug: a median of 50.0 years across the 1 well that filed both dates, with the middle half between 50.0 years and 50.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-23330045B 82,662 ftSep 1967Sep 2017Yes

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 (297)

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

297 months

Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 2014070.464.25$0
Oct 2014078.303.90$0
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 2014095.895.06$0
Feb 2014097.406.19$0
Jan 2014090.404.86$0
Dec 2013091.824.35$0
Nov 2013088.853.74$0
Oct 2013097.423.78$0
Sep 20130104.113.72$0
Aug 20130104.253.52$0
Jul 20130102.523.72$0
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 2013093.964.28$0
Mar 2013093.623.91$0
Feb 2013091.233.42$0
Jan 2013091.603.42$0
Dec 2012086.773.42$0
Nov 2012086.953.62$0
Oct 2012089.383.40$0
Sep 2012094.672.92$0
Aug 2012092.662.91$0
Jul 2012085.133.02$0
Jun 2012079.822.52$0
May 2012091.612.49$0
Apr 20120101.652.00$0
Mar 20120105.052.22$0
Feb 20120101.102.57$0
Jan 2012098.092.73$0
Dec 2011096.873.24$0
Nov 2011095.723.31$0
Oct 2011084.983.65$0
Sep 2011083.623.99$0
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 2011092.904.64$0
May 2011098.134.40$0
Apr 20110105.964.33$0
Mar 2011096.364.06$0
Feb 2011085.644.18$0
Jan 2011086.504.59$0
Dec 2010085.734.35$0
Nov 2010080.843.80$0
Oct 2010078.103.51$0
Sep 2010072.633.98$0
Aug 2010073.684.42$0
Jul 2010072.554.74$0
Jun 2010070.364.91$0
May 2010071.124.24$0
Apr 2010081.694.12$0
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 2010074.365.96$0
Dec 2009071.445.48$0
Nov 2009074.593.75$0
Oct 2009072.544.11$0
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 2009061.133.46$0
Jun 2009066.163.90$0
May 2009054.743.93$0
Apr 2009046.773.59$0
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 2009035.865.37$0
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 2008075.246.92$0
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 20080131.3313.03$0
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 2008092.538.77$0
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 200729075.846.24$1,811
Aug 200718169.066.39$1,156
Jul 200721270.906.39$1,354
Jun 200755562.007.55$4,189
May 200724758.747.85$1,938
Apr 200739359.617.81$3,067
Mar 200788156.927.30$6,433
Feb 200762755.108.22$5,151
Jan 20076250.306.73$417
Dec 200645256.656.92$3,127
Nov 200634154.207.62$2,598
Oct 2006054.906.01$0
Sep 200660460.085.04$3,042
Aug 200679568.717.34$5,835
Jul 200687469.376.34$5,544
Jun 200673366.286.38$4,679
May 200664866.016.42$4,163
Apr 200662964.397.36$4,630
Mar 200642156.707.08$2,982
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 20059654.9413.42$1,288
Nov 200556254.6910.59$5,951
Oct 200573758.3413.80$10,167
Sep 200527961.4512.08$3,370
Aug 200576061.519.80$7,446
Jul 200560055.697.84$4,706
Jun 200559952.337.38$4,421
May 200577345.226.65$5,141
Apr 200579349.207.36$5,837
Mar 200584050.377.15$6,010
Feb 200571245.226.31$4,494
Jan 200583943.166.32$5,304
Dec 200475439.866.75$5,090
Nov 200452645.286.33$3,330
Oct 200465849.706.52$4,287
Sep 200465643.245.28$3,466
Aug 200465642.375.55$3,641
Jul 200469638.286.08$4,235
Jun 200463336.106.43$4,072
May 200464237.486.49$4,170
Apr 200466534.475.86$3,896
Mar 200475534.365.53$4,175
Feb 200468832.455.51$3,791
Jan 200467032.036.30$4,221
Dec 200370730.266.30$4,455
Nov 200368428.804.60$3,143
Oct 200371428.174.76$3,398
Sep 200372926.314.75$3,462
Aug 200376829.765.13$3,940
Jul 200376229.415.17$3,940
Jun 200378228.565.98$4,679
May 200378526.595.97$4,689
Apr 200353826.675.41$2,909
Mar 200379931.146.10$4,871
Feb 200366033.487.93$5,231
Jan 200379630.315.58$4,443
Dec 200280926.914.85$3,927
Nov 200285424.664.14$3,533
Oct 200226526.464.23$1,121
Sep 200267727.443.64$2,461
Aug 200263625.963.16$2,012
Jul 200282524.583.06$2,526
Jun 200245323.733.34$1,512
May 200271824.663.58$2,573
Apr 2002023.653.51$0
Mar 200286922.003.10$2,696
Feb 200261818.222.38$1,468
Jan 200246017.172.38$1,093
Dec 20011,00716.932.36$2,381
Nov 200176218.072.41$1,833
Oct 20011,03519.782.53$2,617
Sep 200165324.262.25$1,470
Aug 200195124.873.05$2,904
Jul 200174223.933.20$2,372
Jun 200184424.563.82$3,228
May 200183925.524.31$3,614
Apr 200165824.685.34$3,511
Mar 200170824.545.38$3,807
Feb 200170927.755.77$4,089
Jan 200176727.478.40$6,442
Dec 200074126.889.12$6,760
Nov 200082832.215.66$4,685
Oct 200071431.235.15$3,674
Sep 200074531.875.19$3,864
Aug 200076629.644.54$3,478
Jul 200052028.534.09$2,127
Jun 200094329.304.40$4,147
May 200026527.263.68$975
Apr 200069224.513.12$2,156
Mar 20001,00128.422.86$2,863
Feb 200039127.622.73$1,066
Jan 200028425.272.48$704
Dec 199925624.282.42$620
Nov 199943823.192.43$1,066
Oct 199944220.982.80$1,239
Sep 199915121.752.62$395
Aug 1999019.262.88$0
Jul 1999017.892.37$0
Jun 1999015.942.36$0
May 1999015.792.32$0
Apr 199938715.102.21$855
Mar 199958712.471.84$1,079
Feb 19996379.981.82$1,158
Jan 199954810.381.90$1,041
Dec 19984509.201.77$798
Nov 199867510.892.19$1,475
Oct 199875212.421.97$1,481
Sep 199870412.592.08$1,466
Aug 199854911.301.91$1,047
Jul 199869011.742.24$1,544
Jun 199868711.242.24$1,537
May 199864912.622.21$1,432
Apr 199868813.042.51$1,724
Mar 199833412.802.31$771
Feb 199829013.952.30$667
Jan 199837514.702.15$808
Dec 199721516.322.41$518
Nov 199753418.193.09$1,649
Oct 199759919.253.15$1,887
Sep 199760817.742.95$1,797
Aug 199772817.862.55$1,860
Jul 199761117.582.25$1,373
Jun 199757817.242.26$1,305
May 199766518.972.31$1,535
Apr 199759317.882.08$1,235
Mar 199759018.951.94$1,144
Feb 199760720.492.21$1,339
Jan 199760423.483.54$2,138
Dec 199662323.32$0
Nov 199662521.97$0
Oct 199669723.31$0
Sep 199669422.22$0
Aug 199665320.26$0
Jul 199659419.55$0
Jun 199658518.73$0
May 199675819.43$0
Apr 199674021.51$0
Mar 199684819.38$0
Feb 199694916.98$0
Jan 199684217.07$0
Dec 199573617.19$0
Nov 199571916.00$0
Oct 199572715.43$0
Sep 199576616.18$0
Aug 199595215.92$0
Jul 199569415.24$0
Jun 199570316.41$0
May 199585717.56$0
Apr 199579317.73$0
Mar 199574916.44$0
Feb 199581716.58$0
Jan 199586515.92$0
Dec 199444415.03$0
Nov 199482115.90$0
Oct 199480915.58$0
Sep 199489515.29$0
Aug 199494516.13$0
Jul 199499317.56$0
Jun 199491417.09$0
May 199497515.88$0
Apr 19941,02314.14$0
Mar 19941,05512.46$0
Feb 199496412.50$0
Jan 19941,09512.66$0
Dec 19931,06812.33$0
Nov 19931,22714.49$0
Oct 199392515.85$0
Sep 19931,00515.03$0
Aug 199396615.66$0
Jul 199392715.46$0
Jun 199389716.79$0
May 199385817.68$0
Apr 199391218.05$0
Mar 199387718.14$0
Feb 199384517.90$0
Jan 199371116.93$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.

Sep 2007 — as filed, then multipliedworked
Gas                  290 Mcf  × $  6.24 =     $1,811

────────────────────────────────────────────────────
Month total                                   $1,811

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. 10/G/42691 is the state's own key, not one this site invented.