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 124836District 04Field 05993600NGPA filingCondensateGasSaveExport
Value, all time
$2.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$27 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
CondensateDisposition3,487 bbl$86,464
GasProduction1,244,788 Mcf$2,727,961
Total$2,814,425

570,675 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 27.3536, -99.4257. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35358, -99.42568 · 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
8,200 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 8,200 ft.

Completions filed
Jul 1987
1 of 1 wells

1 well

42-47934526248,200 ftJul 1987

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 20263484106.413.05$1,793
Apr 2026350798.932.87$1,752
Mar 2026345389.753.15$1,696
Feb 2026044063.503.75$1,650
Jan 2026358959.138.00$4,888
Dec 2025261356.664.41$2,819
Nov 2025259958.593.93$2,469
Oct 2025262859.383.30$2,194
Sep 2025258962.743.08$1,938
Aug 2025262363.933.01$2,006
Jul 2025262866.743.32$2,215
Jun 2025261666.483.13$2,060
May 2025262660.553.23$2,145
Apr 2025260962.363.54$2,282
Mar 2025262567.704.27$2,803
Feb 2025254870.884.34$2,521
Jan 2025262674.324.28$2,827
Dec 2024547968.993.12$1,840
Nov 2024260069.052.20$1,457
Oct 2024254371.372.28$1,382
Sep 2024257869.612.36$1,506
Aug 2024456275.632.06$1,462
Jul 2024258979.932.15$1,424
Jun 2024458478.082.63$1,851
May 2024261478.812.20$1,507
Apr 2024457984.451.66$1,298
Mar 2024258580.301.55$1,065
Feb 2024251276.091.78$1,065
Jan 2024254973.023.30$1,956
Dec 2023559271.262.61$1,902
Nov 2023266277.892.81$2,014
Oct 2023269485.443.09$2,313
Sep 2023465489.042.74$2,145
Aug 2023267480.522.67$1,963
Jul 2023469574.852.64$2,135
Jun 2023369068.962.26$1,765
May 2023567570.622.23$1,857
Apr 2023263778.122.24$1,582
Mar 2023273672.852.39$1,907
Feb 2023265575.112.47$1,765
Jan 2023275076.533.39$2,694
Dec 2022574076.415.73$4,622
Nov 2022266585.005.65$3,925
Oct 2022469587.185.86$4,424
Sep 2022268784.888.16$5,778
Aug 2022272994.529.13$6,843
Jul 20222657101.587.54$5,158
Jun 20224697115.097.98$6,020
May 20222679109.378.43$5,945
Apr 20222660104.226.84$4,721
Mar 20224715108.885.08$4,065
Feb 2022466691.054.86$3,600
Jan 2022279781.844.54$3,780
Dec 2021284271.323.90$3,426
Nov 2021076277.435.24$3,990
Oct 2021553879.795.71$3,473
Sep 2021275469.865.35$4,174
Aug 2021576766.024.22$3,567
Jul 2021278770.783.98$3,275
Jun 2021276969.493.38$2,739
May 2021476263.483.02$2,553
Apr 2021477160.362.76$2,368
Mar 2021582961.302.72$2,559
Feb 2021273857.805.55$4,210
Jan 2021282150.412.81$2,408
Dec 2020277344.642.68$2,157
Nov 2020477438.772.71$2,250
Oct 2020475236.972.48$2,012
Sep 2020476037.091.99$1,662
Aug 2020481539.982.39$2,104
Jul 2020275138.371.83$1,447
Jun 2020476134.901.69$1,426
May 2020280516.921.81$1,495
Apr 2020475314.751.80$1,418
Mar 2020479530.341.86$1,597
Feb 2020470749.881.98$1,600
Jan 2020278657.252.09$1,761
Dec 2019579859.012.30$2,134
Nov 2019278255.302.75$2,262
Oct 2019279353.472.42$2,025
Sep 2019371555.052.66$2,065
Aug 2019481353.112.30$2,086
Jul 2019280456.272.46$2,090
Jun 2019280952.782.49$2,121
May 2019484758.482.74$2,555
Apr 2019272662.632.75$2,122
Mar 2019476156.803.06$2,557
Feb 2019272850.852.79$2,134
Jan 2019380046.033.23$2,721
Dec 2018478646.594.19$3,476
Nov 2018272252.934.24$3,165
Oct 2018279561.443.40$2,824
Sep 2018572759.543.11$2,557
Aug 2018071159.403.07$2,180
Jul 2018469365.142.93$2,292
Jun 2018270860.183.08$2,299
May 2018081565.382.90$2,364
Apr 2018087363.842.90$2,532
Mar 2018087861.222.79$2,447
Feb 2018077261.782.77$2,135
Jan 2018088562.874.01$3,548
Dec 2017088257.272.92$2,577
Nov 2017089355.423.12$2,785
Oct 201701,01949.292.98$3,040
Sep 201701,00747.523.09$3,109
Aug 2017099245.373.00$2,980
Jul 2017094643.873.09$2,921
Jun 2017098442.493.09$3,038
May 2017093945.373.26$3,064
Apr 2017081347.933.21$2,611
Mar 2017081846.772.98$2,441
Feb 2017078950.452.95$2,330
Jan 2017091149.413.42$3,115
Dec 2016091148.763.72$3,392
Nov 2016084542.492.64$2,234
Oct 2016077646.193.09$2,398
Sep 2016084941.553.10$2,632
Aug 2016082441.442.92$2,410
Jul 2016067841.622.92$1,983
Jun 2016082145.352.69$2,205
May 2016085342.521.99$1,698
Apr 2016079636.561.99$1,585
Mar 2016079733.011.79$1,430
Feb 2016178126.472.06$1,638
Jan 2016086727.352.36$2,050
Dec 2015096832.362.00$1,937
Nov 2015097638.792.17$2,115
Oct 201501,09043.552.43$2,645
Sep 201501,06042.992.76$2,924
Aug 201501,06040.162.87$3,045
Jul 2015097348.152.95$2,866
Jun 2015089156.152.88$2,569
May 2015089955.212.96$2,657
Apr 2015081649.822.71$2,209
Mar 2015086842.892.93$2,547
Feb 2015083244.662.98$2,476
Jan 2015094143.433.10$2,918
Dec 2014078954.693.59$2,834
Nov 2014079870.464.25$3,393
Oct 2014087478.303.90$3,409
Sep 2014083486.164.05$3,374
Aug 2014086389.394.04$3,482
Jul 2014087396.564.18$3,649
Jun 2014072598.164.74$3,434
May 2014080794.734.73$3,814
Apr 2014077895.944.81$3,742
Mar 2014074795.895.06$3,777
Feb 2014067597.406.19$4,180
Jan 2014086590.404.86$4,205
Dec 2013090791.824.35$3,950
Nov 2013088788.853.74$3,316
Oct 2013098897.423.78$3,734
Sep 20130848104.113.72$3,153
Aug 20130748104.253.52$2,635
Jul 20130911102.523.72$3,387
Jun 2013092694.403.93$3,642
May 201301,04094.834.15$4,315
Apr 2013094393.964.28$4,038
Mar 2013097893.623.91$3,827
Feb 2013068691.233.42$2,346
Jan 2013099391.603.42$3,396
Dec 201201,04986.773.42$3,588
Nov 2012098886.953.62$3,581
Oct 201201,01789.383.40$3,457
Sep 2012099594.672.92$2,904
Aug 201201,03992.662.91$3,022
Jul 20120885.133.02$24
Jun 2012164079.822.52$1,692
May 2012072391.612.49$1,799
Apr 20120907101.652.00$1,811
Mar 201201,007105.052.22$2,238
Feb 20120747101.102.57$1,920
Jan 2012075998.092.73$2,075
Dec 2011072496.873.24$2,346
Nov 2011074495.723.31$2,464
Oct 2011072384.983.65$2,638
Sep 2011066783.623.99$2,659
Aug 2011069283.404.15$2,871
Jul 2011266794.144.52$3,201
Jun 2011061992.904.64$2,872
May 2011054798.134.40$2,409
Apr 20110658105.964.33$2,851
Mar 2011066996.364.06$2,714
Feb 2011265285.644.18$2,897
Jan 2011080786.504.59$3,703
Dec 2010087285.734.35$3,791
Nov 2010086880.843.80$3,294
Oct 201001,06678.103.51$3,740
Sep 2010098172.633.98$3,904
Aug 201001,02273.684.42$4,517
Jul 2010098272.554.74$4,651
Jun 201001,15570.364.91$5,672
May 201001,15871.124.24$4,904
Apr 201001,07681.694.12$4,436
Mar 201001,08778.394.39$4,770
Feb 2010098673.585.44$5,366
Jan 201001,14874.365.96$6,847
Dec 200901,20871.445.48$6,624
Nov 200901,81374.593.75$6,801
Oct 200901,54972.544.11$6,367
Sep 200911,28765.543.06$4,010
Aug 200911,37167.423.22$4,480
Jul 200911,36761.133.46$4,797
Jun 200911,49166.163.90$5,874
May 200921,19154.743.93$4,785
Apr 2009189846.773.59$3,268
Mar 2009179042.144.06$3,249
Feb 2009181032.814.63$3,786
Jan 2009199135.865.37$5,359
Dec 200841,12637.105.98$6,879
Nov 200831,30055.496.86$9,085
Oct 200821,85075.246.92$12,956
Sep 200842,029101.767.88$16,390
Aug 200842,236114.228.48$19,425
Jul 200822,260131.0811.39$26,002
Jun 200852,047131.3313.03$27,334
May 200832,130123.1711.57$25,023
Apr 200822,054110.3110.45$21,695
Mar 200832,169101.909.66$21,267
Feb 200832,02292.538.77$18,012
Jan 200822,44490.388.21$20,236
Dec 200732,46688.337.30$18,272
Nov 200702,05291.677.29$14,963
Oct 200751,79182.856.92$12,812
Sep 200701,44975.846.24$9,048
Aug 200731,42269.066.39$9,291
Jul 200721,39870.906.39$9,072
Jun 200741,65262.007.55$12,718
May 200731,73458.747.85$13,782
Apr 200751,67059.617.81$13,333
Mar 200741,96056.927.30$14,540
Feb 200721,83355.108.22$15,170
Jan 200742,14350.306.73$14,617
Dec 200622,21656.656.92$15,445
Nov 200652,25954.207.62$17,479
Oct 200642,38554.906.01$14,563
Sep 200631,85060.085.04$9,499
Aug 200631,76768.717.34$13,176
Jul 200631,84469.376.34$11,904
Jun 200631,67266.286.38$10,873
May 200651,94966.016.42$12,852
Apr 200651,98864.397.36$14,955
Mar 200652,03256.707.08$14,676
Feb 200661,88757.597.75$14,972
Jan 200682,02060.598.93$18,530
Dec 200532,08854.9413.42$28,176
Nov 200531,93754.6910.59$20,674
Oct 200571,87158.3413.80$26,220
Sep 200531,72561.4512.08$21,021
Aug 200581,76961.519.80$17,823
Jul 200561,85855.697.84$14,908
Jun 200552,13652.337.38$16,028
May 200562,46045.226.65$16,633
Apr 2005101,80849.207.36$13,800
Mar 200572,01950.377.15$14,798
Feb 200521,95245.226.31$12,411
Jan 200551,19643.166.32$7,777
Dec 2004171,29939.866.75$9,447
Nov 200421,13145.286.33$7,250
Oct 2004262949.706.52$4,197
Sep 200421,03843.245.28$5,571
Aug 200421,42842.375.55$8,011
Jul 200441,16438.286.08$7,235
Jun 200431,16036.106.43$7,571
May 200441,43737.486.49$9,483
Apr 200421,31334.475.86$7,761
Mar 200421,46434.365.53$8,165
Feb 200461,05332.455.51$5,996
Jan 2004153,05432.036.30$19,720
Dec 2003114,92930.266.30$31,394
Nov 200364,22728.804.60$19,597
Oct 200331,97628.174.76$9,490
Sep 200371,43526.314.75$7,000
Aug 200362,10929.765.13$10,997
Jul 200362,74529.415.17$14,370
Jun 200333,01028.565.98$18,094
May 20031592,25126.595.97$17,672
Apr 200321,36126.675.41$7,413
Mar 200341,21231.146.10$7,513
Feb 200351,19433.487.93$9,631
Jan 200331,35730.315.58$7,666
Dec 200251,49326.914.85$7,381
Nov 2002101,69324.664.14$7,250
Oct 200294,36326.464.23$18,690
Sep 200282,94627.443.64$10,929
Aug 200262,33425.963.16$7,541
Jul 200202,67124.583.06$8,178
Jun 200202,52323.733.34$8,422
May 200202,67924.663.58$9,602
Apr 200202,91323.653.51$10,231
Mar 200206,07722.003.10$18,855
Feb 200203,66718.222.38$8,712
Jan 200201,76117.172.38$4,184
Dec 200104,55616.932.36$10,772
Nov 200103,99618.072.41$9,612
Oct 200104,33019.782.53$10,950
Sep 200104,23224.262.25$9,528
Aug 200104,19524.873.05$12,808
Jul 200104,33523.933.20$13,859
Jun 200104,10524.563.82$15,698
May 200104,48125.524.31$19,301
Apr 200104,75324.685.34$25,359
Mar 200104,64024.545.38$24,947
Feb 200104,32127.755.77$24,920
Jan 200104,98027.478.40$41,826
Dec 200005,08426.889.12$46,379
Nov 200004,79032.215.66$27,102
Oct 200004,89131.235.15$25,167
Sep 200004,62931.875.19$24,008
Aug 200004,93429.644.54$22,404
Jul 20001535,00128.534.09$24,818
Jun 200005,00629.304.40$22,013
May 200005,29027.263.68$19,466
Apr 200005,48024.513.12$17,076
Mar 200005,56428.422.86$15,912
Feb 200005,20827.622.73$14,200
Jan 200006,15425.272.48$15,265
Dec 199905,94424.282.42$14,407
Nov 199905,84823.192.43$14,234
Oct 199906,16520.982.80$17,285
Sep 199906,11621.752.62$16,017
Aug 199905,93519.262.88$17,067
Jul 199905,44217.892.37$12,910
Jun 199903,94215.942.36$9,311
May 199904,24215.792.32$9,846
Apr 199903,83015.102.21$8,457
Mar 199904,05012.471.84$7,445
Feb 199905,4989.981.82$9,994
Jan 199904,13810.381.90$7,862
Dec 199804,2929.201.77$7,611
Nov 199805,89310.892.19$12,880
Oct 19981515,97612.421.97$13,643
Sep 199806,66212.592.08$13,874
Aug 199806,39811.301.91$12,203
Jul 199804,96511.742.24$11,108
Jun 199805,93211.242.24$13,271
May 199806,25312.622.21$13,796
Apr 199805,71413.042.51$14,315
Mar 199805,22712.802.31$12,071
Feb 199806,59313.952.30$15,158
Jan 199805,91514.702.15$12,746
Dec 1997126,90516.322.41$16,844
Nov 19971496,96518.193.09$24,220
Oct 199708,00819.253.15$25,224
Sep 199707,78617.742.95$23,007
Aug 199708,64817.862.55$22,093
Jul 199706,92717.582.25$15,565
Jun 199706,92717.242.26$15,636
May 199707,33518.972.31$16,933
Apr 199706,68717.882.08$13,928
Mar 19971757,65218.951.94$18,155
Feb 199707,33920.492.21$16,189
Jan 199707,93423.483.54$28,084
Dec 199608,80523.32$0
Nov 199608,45321.97$0
Oct 199607,64223.31$0
Sep 199606,39722.22$0
Aug 199608,63220.26$0
Jul 19961639,16719.55$3,187
Jun 199609,06518.73$0
May 199609,46319.43$0
Apr 199608,13121.51$0
Mar 199607,48919.38$0
Feb 199609,01316.98$0
Jan 199609,86717.07$0
Dec 199514213,23417.19$2,441
Nov 1995013,16416.00$0
Oct 199507,44815.43$0
Sep 199503,77316.18$0
Aug 199506,82515.92$0
Jul 199509,95515.24$0
Jun 199514810,93416.41$2,429
May 1995011,06217.56$0
Apr 1995010,42317.73$0
Mar 1995010,70716.44$0
Feb 199509,83016.58$0
Jan 199516610,91915.92$2,643
Dec 1994011,11015.03$0
Nov 1994011,86515.90$0
Oct 199417912,39115.58$2,789
Sep 1994011,97815.29$0
Aug 1994012,37016.13$0
Jul 1994113,15817.56$18
Jun 1994012,51417.09$0
May 199418013,48215.88$2,858
Apr 1994013,65814.14$0
Mar 1994013,99612.46$0
Feb 199418212,30712.50$2,275
Jan 1994213,69512.66$25
Dec 1993115,68912.33$12
Nov 199318112,52314.49$2,623
Oct 1993115,08215.85$16
Sep 1993114,21715.03$15
Aug 199317716,35415.66$2,772
Jul 1993015,28115.46$0
Jun 1993016,99416.79$0
May 199317717,96117.68$3,129
Apr 1993017,89018.05$0
Mar 199317918,18918.14$3,247
Feb 1993017,80817.90$0
Jan 199318019,76516.93$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             3 bbl  × $106.41 =       $319
Gas                  484 Mcf  × $  3.05 =     $1,474

────────────────────────────────────────────────────
Month total                                   $1,793

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/124836 is the state's own key, not one this site invented.