HEREFORD, L. M.

Operated by MERIT ENERGY COMPANY (P-5 561136) in the BASHARA-HEREFORD (7300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 124326District 04Field 05993600NGPA filingCondensateGasSaveExport
Value, all time
$4.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
401
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 182 leases and 182 wells, and the rule below applies to all of them.

Discovered
1986-07-30
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED EFFECTIVE 2/1/94.

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
CondensateDisposition4,527 bbl$137,342
GasProduction1,653,088 Mcf$4,242,024
Total$4,379,366

630,084 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 27.3464, -99.4155. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34639, -99.41547 · 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
7,700 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 7,700 ft.

1 well

42-47934480207,700 ft

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 (401)

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

401 months

May 202612,670106.413.05$8,239
Apr 202601,97498.932.87$5,665
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20251060.553.23$61
Apr 202516262.363.54$282
Mar 202536567.704.27$481
Feb 2025076670.884.34$3,325
Jan 2025047074.324.28$2,011
Dec 20240068.993.12$0
Nov 2024134069.052.20$817
Oct 2024243871.372.28$1,142
Sep 202463769.612.36$505
Aug 2024131,41575.632.06$3,903
Jul 202461,98779.932.15$4,745
Jun 2024121,71278.082.63$5,446
May 202471,86478.812.20$4,650
Apr 2024151,87584.451.66$4,378
Mar 202462,09380.301.55$3,716
Feb 202451,89976.091.78$3,768
Jan 202461,47673.023.30$5,305
Dec 2023171,52971.262.61$5,203
Nov 2023111,60277.892.81$5,355
Oct 2023102,48385.443.09$8,520
Sep 202373,00389.042.74$8,837
Aug 2023010280.522.67$273
Jul 2023112874.852.64$413
Jun 2023113968.962.26$383
May 2023214070.622.23$453
Apr 2023121378.122.24$555
Mar 2023134872.852.39$906
Feb 2023441975.112.47$1,334
Jan 2023494676.533.39$3,511
Dec 2022111,14576.415.73$7,400
Nov 202251,64185.005.65$9,690
Oct 2022101,64587.185.86$10,518
Sep 202251,65284.888.16$13,911
Aug 202261,72094.529.13$16,266
Jul 202261,762101.587.54$13,899
Jun 2022121,960115.097.98$17,016
May 202272,086109.378.43$18,357
Apr 202262,132104.226.84$15,203
Mar 2022122,226108.885.08$12,607
Feb 2022142,02091.054.86$11,090
Jan 202282,38181.844.54$11,459
Dec 202172,44371.323.90$10,025
Nov 202102,30577.435.24$12,071
Oct 2021171,66579.795.71$10,870
Sep 202182,35969.865.35$13,182
Aug 2021142,44666.024.22$11,248
Jul 202161,83570.783.98$7,732
Jun 202161,74269.493.38$6,306
May 2021142,30063.483.02$7,829
Apr 2021122,23660.362.76$6,892
Mar 2021132,41161.302.72$7,347
Feb 202162,19857.805.55$12,541
Jan 202162,38150.412.81$6,994
Dec 202062,61744.642.68$7,270
Nov 2020122,48038.772.71$7,178
Oct 2020112,50536.972.48$6,615
Sep 202092,71837.091.99$5,745
Aug 202062,45439.982.39$6,093
Jul 2020467938.371.83$1,393
Jun 202091,89034.901.69$3,509
May 202042,59916.921.81$4,784
Apr 202092,20114.751.80$4,104
Mar 202082,30130.341.86$4,514
Feb 202091,88549.881.98$4,182
Jan 202062,36757.252.09$5,302
Dec 2019152,26259.012.30$6,098
Nov 201962,06555.302.75$6,012
Oct 201962,50753.472.42$6,384
Sep 2019122,32755.052.66$6,844
Aug 2019122,81253.112.30$7,117
Jul 201961,84856.272.46$4,884
Jun 201972,61652.782.49$6,886
May 2019142,63658.482.74$8,042
Apr 201972,13562.632.75$6,311
Mar 2019132,48856.803.06$8,357
Feb 201952,52350.852.79$7,299
Jan 201982,07246.033.23$7,057
Dec 2018132,23446.594.19$9,956
Nov 201862,02452.934.24$8,894
Oct 201872,38761.443.40$8,541
Sep 2018192,00659.543.11$7,366
Aug 201802,45659.403.07$7,531
Jul 2018132,50165.142.93$8,179
Jun 201862,60460.183.08$8,373
May 201801,91765.382.90$5,561
Apr 201802,24763.842.90$6,518
Mar 201802,73861.222.79$7,630
Feb 201802,63461.782.77$7,286
Jan 201803,07862.874.01$12,341
Dec 201712,92457.272.92$8,600
Nov 201712,97255.423.12$9,323
Oct 201704,03549.292.98$12,039
Sep 201703,75747.523.09$11,599
Aug 201704,46045.373.00$13,400
Jul 201706,69943.873.09$20,682
Jun 201703,74342.493.09$11,556
May 2017031245.373.26$1,018
Apr 2017037247.933.21$1,195
Mar 2017036446.772.98$1,086
Feb 2017028450.452.95$839
Jan 2017017249.413.42$588
Dec 2016013048.763.72$484
Nov 201609542.492.64$251
Oct 2016017246.193.09$532
Sep 2016028541.553.10$884
Aug 2016044041.442.92$1,287
Jul 2016025041.622.92$731
Jun 2016013145.352.69$352
May 2016016742.521.99$333
Apr 2016015736.561.99$313
Mar 2016018133.011.79$325
Feb 2016125126.472.06$544
Jan 2016027827.352.36$657
Dec 2015011832.362.00$236
Nov 2015036938.792.17$800
Oct 2015027343.552.43$662
Sep 2015020742.992.76$571
Aug 2015021240.162.87$609
Jul 2015020948.152.95$616
Jun 2015026156.152.88$752
May 2015027855.212.96$822
Apr 2015023849.822.71$644
Mar 2015025342.892.93$742
Feb 2015021944.662.98$652
Jan 2015032043.433.10$992
Dec 2014033154.693.59$1,189
Nov 2014029970.464.25$1,271
Oct 2014033678.303.90$1,311
Sep 2014031886.164.05$1,286
Aug 2014027689.394.04$1,114
Jul 2014032296.564.18$1,346
Jun 2014015898.164.74$748
May 2014029894.734.73$1,409
Apr 2014032395.944.81$1,553
Mar 2014021195.895.06$1,067
Feb 2014019197.406.19$1,183
Jan 2014021690.404.86$1,050
Dec 2013023191.824.35$1,006
Nov 2013026188.853.74$976
Oct 2013031897.423.78$1,202
Sep 20130302104.113.72$1,123
Aug 20130493104.253.52$1,737
Jul 20130319102.523.72$1,186
Jun 2013030994.403.93$1,215
May 2013030694.834.15$1,270
Apr 2013029793.964.28$1,272
Mar 2013035193.623.91$1,373
Feb 2013037091.233.42$1,265
Jan 2013032291.603.42$1,101
Dec 2012033086.773.42$1,129
Nov 2012030786.953.62$1,113
Oct 2012032889.383.40$1,115
Sep 2012035494.672.92$1,033
Aug 2012044992.662.91$1,306
Jul 20120385.133.02$9
Jun 2012139079.822.52$1,062
May 2012027791.612.49$689
Apr 20120316101.652.00$631
Mar 20125265105.052.22$1,114
Feb 20120280101.102.57$720
Jan 2012026898.092.73$733
Dec 2011026296.873.24$849
Nov 2011027095.723.31$894
Oct 2011027684.983.65$1,007
Sep 2011030683.623.99$1,220
Aug 2011048283.404.15$2,000
Jul 2011030694.144.52$1,382
Jun 2011026292.904.64$1,216
May 2011031998.134.40$1,405
Apr 20110244105.964.33$1,057
Mar 2011026896.364.06$1,087
Feb 2011324285.644.18$1,268
Jan 201101,01386.504.59$4,648
Dec 201001,25685.734.35$5,461
Nov 2010012380.843.80$467
Oct 2010012778.103.51$446
Sep 2010027972.633.98$1,110
Aug 2010018073.684.42$795
Jul 2010011272.554.74$530
Jun 2010041170.364.91$2,018
May 201001,02071.124.24$4,320
Apr 201001,91581.694.12$7,895
Mar 2010035178.394.39$1,540
Feb 201006673.585.44$359
Jan 201008974.365.96$531
Dec 2009097471.445.48$5,341
Nov 200902,78674.593.75$10,452
Oct 200902,80372.544.11$11,521
Sep 200932,93365.543.06$9,186
Aug 200933,06367.423.22$10,061
Jul 200933,38261.133.46$11,900
Jun 200933,14366.163.90$12,440
May 2009113,25754.743.93$13,388
Apr 200952,91646.773.59$10,695
Mar 200952,90242.144.06$11,990
Feb 200932,80132.814.63$13,075
Jan 200933,29935.865.37$17,827
Dec 200883,21737.105.98$19,525
Nov 200863,17055.496.86$22,080
Oct 200833,41175.246.92$23,837
Sep 200862,973101.767.88$24,029
Aug 200853,858114.228.48$33,299
Jul 200861,940131.0811.39$22,882
Jun 200873,046131.3313.03$40,617
May 200853,340123.1711.57$39,274
Apr 200833,364110.3110.45$35,501
Mar 200853,525101.909.66$34,575
Feb 200853,16492.538.77$28,213
Jan 200863,65090.388.21$30,493
Dec 200743,41888.337.30$25,311
Nov 200703,08891.677.29$22,517
Oct 2007183,29982.856.92$24,327
Sep 200703,35975.846.24$20,974
Aug 200773,19069.066.39$20,861
Jul 200733,38970.906.39$21,861
Jun 200762,96762.007.55$22,768
May 200763,04858.747.85$24,268
Apr 2007112,90259.617.81$23,306
Mar 200773,19356.927.30$23,714
Feb 200732,92355.108.22$24,181
Jan 200762,99350.306.73$20,435
Dec 2006103,22356.656.92$22,865
Nov 200662,95854.207.62$22,858
Oct 200633,35754.906.01$20,353
Sep 2006132,87760.085.04$15,273
Aug 200663,33968.717.34$24,920
Jul 200663,47669.376.34$22,464
Jun 200663,06766.286.38$19,977
May 200683,18166.016.42$20,966
Apr 200682,95664.397.36$22,273
Mar 2006153,37956.707.08$24,784
Feb 2006162,83657.597.75$22,904
Jan 2006183,47260.598.93$32,107
Dec 200563,53254.9413.42$47,713
Nov 2005133,30654.6910.59$35,716
Oct 2005103,77058.3413.80$52,593
Sep 200563,23961.4512.08$39,493
Aug 2005164,00361.519.80$40,201
Jul 200543,67055.697.84$29,009
Jun 200562,39552.337.38$17,992
May 200542,15345.226.65$14,501
Apr 2005203,28049.207.36$25,126
Mar 2005123,55650.377.15$26,047
Feb 2005143,58745.226.31$23,274
Jan 200573,35943.166.32$21,538
Dec 20041224,25939.866.75$33,616
Nov 200453,79445.286.33$24,244
Oct 200483,38349.706.52$22,438
Sep 2004133,57643.245.28$19,457
Aug 200463,57242.375.55$20,081
Jul 200494,42838.286.08$27,285
Jun 200484,33836.106.43$28,195
May 2004204,26937.486.49$28,475
Apr 200464,24234.475.86$25,058
Mar 2004184,55534.365.53$25,808
Feb 2004104,68532.455.51$26,137
Jan 2004183,90132.036.30$25,151
Dec 2003154,07730.266.30$26,146
Nov 200394,23428.804.60$19,715
Oct 2003154,37428.174.76$21,241
Sep 200393,54526.314.75$17,073
Aug 2003104,19329.765.13$21,807
Jul 200384,45529.415.17$23,271
Jun 200364,04728.565.98$24,384
May 2003204,50726.595.97$27,451
Apr 200394,15126.675.41$22,686
Mar 2003334,76231.146.10$30,057
Feb 2003204,32933.487.93$34,981
Jan 2003214,58230.315.58$26,213
Dec 20021874,70526.914.85$27,869
Nov 2002234,57424.664.14$19,490
Oct 2002115,00326.464.23$21,449
Sep 2002134,82427.443.64$17,893
Aug 2002103,67225.963.16$11,878
Jul 200204,86724.583.06$14,902
Jun 2002204,75923.733.34$16,361
May 200205,03724.663.58$18,053
Apr 200204,82523.653.51$16,947
Mar 200205,03322.003.10$15,616
Feb 200204,52218.222.38$10,743
Jan 200205,16117.172.38$12,261
Dec 200105,21216.932.36$12,323
Nov 200105,31618.072.41$12,788
Oct 200105,54919.782.53$14,033
Sep 200105,35624.262.25$12,058
Aug 200105,62724.873.05$17,180
Jul 200105,45723.933.20$17,446
Jun 200105,31724.563.82$20,333
May 200105,53825.524.31$23,854
Apr 200105,54724.685.34$29,595
Mar 200105,33624.545.38$28,689
Feb 200104,54127.755.77$26,188
Jan 200105,63827.478.40$47,352
Dec 20001625,56826.889.12$55,149
Nov 200005,60732.215.66$31,724
Oct 200005,81931.235.15$29,942
Sep 200005,50931.875.19$28,572
Aug 200006,05529.644.54$27,494
Jul 200006,45528.534.09$26,399
Jun 200006,12929.304.40$26,951
May 200006,33127.263.68$23,297
Apr 200006,25624.513.12$19,494
Mar 200006,22528.422.86$17,802
Feb 200005,76927.622.73$15,729
Jan 200006,35225.272.48$15,756
Dec 199906,96024.282.42$16,869
Nov 199906,61823.192.43$16,108
Oct 199906,82720.982.80$19,141
Sep 19991626,88221.752.62$21,546
Aug 1999010,49319.262.88$30,174
Jul 1999010,10117.892.37$23,963
Jun 199909,78015.942.36$23,101
May 199908,91715.792.32$20,697
Apr 199908,67415.102.21$19,153
Mar 1999010,96912.471.84$20,165
Feb 1999011,2299.981.82$20,412
Jan 1999011,46510.381.90$21,783
Dec 199808,1659.201.77$14,479
Nov 1998010,58410.892.19$23,134
Oct 1998011,76312.421.97$23,164
Sep 1998011,52312.592.08$23,998
Aug 199815711,72811.301.91$24,144
Jul 1998012,39111.742.24$27,722
Jun 1998012,68511.242.24$28,380
May 199809,36612.622.21$20,665
Apr 199808,21813.042.51$20,589
Mar 1998010,91512.802.31$25,208
Feb 1998010,64213.952.30$24,467
Jan 199807,65414.702.15$16,493
Dec 199708,95316.322.41$21,587
Nov 199707,64418.193.09$23,607
Oct 199709,56219.253.15$30,119
Sep 1997529,67217.742.95$29,502
Aug 1997010,34217.862.55$26,421
Jul 199705,38217.582.25$12,093
Jun 199705,38217.242.26$12,148
May 19970018.972.31$0
Apr 1997090217.882.08$1,879
Mar 19971759,46418.951.94$21,668
Feb 199708,81220.492.21$19,438
Jan 199708,74323.483.54$30,948
Dec 199607,78123.32$0
Nov 199602,05021.97$0
Oct 199607,36323.31$0
Sep 1996011,16322.22$0
Aug 199608,70620.26$0
Jul 199609,09219.55$0
Jun 199609,93618.73$0
May 199608,82819.43$0
Apr 1996011,07521.51$0
Mar 199615712,06019.38$3,043
Feb 1996011,24616.98$0
Jan 1996015,36417.07$0
Dec 1995014,34517.19$0
Nov 199516712,34716.00$2,672
Oct 1995013,07915.43$0
Sep 1995011,81816.18$0
Aug 1995010,30315.92$0
Jul 1995010,66315.24$0
Jun 1995010,62316.41$0
May 199516512,15817.56$2,897
Apr 1995012,14117.73$0
Mar 1995011,31616.44$0
Feb 1995010,44516.58$0
Jan 1995012,78015.92$0
Dec 199418011,56815.03$2,705
Nov 1994112,29415.90$16
Oct 1994012,84515.58$0
Sep 1994011,21715.29$0
Aug 199417911,93216.13$2,887
Jul 1994012,58117.56$0
Jun 1994013,78417.09$0
May 199417715,35215.88$2,811
Apr 1994014,17614.14$0
Mar 1994015,06412.46$0
Feb 199418214,27012.50$2,275
Jan 1994016,91312.66$0
Dec 199318117,15412.33$2,232
Nov 1993016,44414.49$0
Oct 199317714,67715.85$2,805
Sep 1993016,22615.03$0
Aug 1993015,38415.66$0
Jul 199317419,12215.46$2,690
Jun 1993016,41516.79$0
May 1993019,17017.68$0
Apr 1993118,49818.05$18
Mar 199317320,50218.14$3,138
Feb 1993015,55717.90$0
Jan 199318022,25716.93$3,047

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             1 bbl  × $106.41 =       $106
Gas                2,670 Mcf  × $  3.05 =     $8,132

────────────────────────────────────────────────────
Month total                                   $8,239

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. 04/G/124326 is the state's own key, not one this site invented.