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 125274District 04Field 05993600NGPA filingCondensateGasSaveExport
Value, all time
$2.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$21 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
CondensateDisposition5,586 bbl$131,780
GasProduction1,239,342 Mcf$2,280,433
Total$2,412,213

653,056 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 27.3587, -99.4244. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35873, -99.42435 · 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
8,100 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 8,100 ft.

Completions filed
Aug 1987
1 of 1 wells

1 well

42-47934551268,100 ftAug 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 20261638106.413.05$2,050
Apr 2026131398.932.87$997
Mar 2026133689.753.15$1,148
Feb 2026024163.503.75$904
Jan 2026231159.138.00$2,606
Dec 2025249356.664.41$2,289
Nov 2025250258.593.93$2,088
Oct 2025260759.383.30$2,125
Sep 2025259162.743.08$1,944
Aug 2025244863.933.01$1,478
Jul 2025247666.743.32$1,712
Jun 2025252666.483.13$1,779
May 2025254760.553.23$1,889
Apr 2025254362.363.54$2,049
Mar 2025271267.704.27$3,174
Feb 2025351170.884.34$2,431
Jan 2025374674.324.28$3,415
Dec 2024852668.993.12$2,194
Nov 2024374769.052.20$1,849
Oct 2024387171.372.28$2,201
Sep 2024387369.612.36$2,273
Aug 2024587475.632.06$2,182
Jul 2024480079.932.15$2,037
Jun 2024101,00078.082.63$3,415
May 202451,26178.812.20$3,166
Apr 2024111,56784.451.66$3,529
Mar 202461,65780.301.55$3,042
Feb 202451,56376.091.78$3,168
Jan 202451,69973.023.30$5,968
Dec 2023111,65471.262.61$5,102
Nov 202361,57277.892.81$4,881
Oct 202361,77685.443.09$5,996
Sep 2023111,77789.042.74$5,840
Aug 202351,85380.522.67$5,355
Jul 2023102,00374.852.64$6,040
Jun 202361,83168.962.26$4,549
May 2023122,00470.622.23$5,311
Apr 202362,02978.122.24$5,009
Mar 202332,17872.852.39$5,431
Feb 202362,03475.112.47$5,466
Jan 202372,36676.533.39$8,551
Dec 2022172,40176.415.73$15,054
Nov 202272,27685.005.65$13,446
Oct 2022142,32587.185.86$14,854
Sep 202272,36484.888.16$19,893
Aug 202271,73494.529.13$16,488
Jul 202252,624101.587.54$20,298
Jun 202292,528115.097.98$21,202
May 202261,853109.378.43$16,283
Apr 202251,895104.226.84$13,478
Mar 2022101,959108.885.08$11,033
Feb 2022101,76591.054.86$9,486
Jan 202251,94981.844.54$9,253
Dec 202151,73871.323.90$7,133
Nov 202101,19277.435.24$6,242
Oct 2021101,13279.795.71$7,266
Sep 202141,41169.865.35$7,830
Aug 202191,34366.024.22$6,262
Jul 202141,31670.783.98$5,524
Jun 202141,32969.493.38$4,771
May 202181,51763.483.02$5,086
Apr 202181,59360.362.76$4,877
Mar 202191,74561.302.72$5,293
Feb 202141,51057.805.55$8,609
Jan 202141,65750.412.81$4,858
Dec 202041,39544.642.68$3,911
Nov 202081,40938.772.71$4,124
Oct 202071,43536.972.48$3,815
Sep 202061,16937.091.99$2,550
Aug 202061,21539.982.39$3,138
Jul 202031,08138.371.83$2,088
Jun 202061,02334.901.69$1,939
May 2020395716.921.81$1,787
Apr 2020596314.751.80$1,811
Mar 202051,00430.341.86$2,015
Feb 2020597249.881.98$2,175
Jan 202021,03457.252.09$2,280
Dec 2019598359.012.30$2,560
Nov 2019292255.302.75$2,647
Oct 2019286653.472.42$2,201
Sep 2019473855.052.66$2,181
Aug 2019479253.112.30$2,037
Jul 2019176356.272.46$1,933
Jun 2019166952.782.49$1,719
May 2019363658.482.74$1,918
Apr 2019150762.632.75$1,457
Mar 2019255056.803.06$1,798
Feb 2019144150.852.79$1,282
Jan 2019245046.033.23$1,545
Dec 2018242746.594.19$1,880
Nov 2018144652.934.24$1,943
Oct 2018141861.443.40$1,482
Sep 2018341359.543.11$1,462
Aug 2018041659.403.07$1,276
Jul 2018241765.142.93$1,353
Jun 2018142960.183.08$1,380
May 2018052065.382.90$1,508
Apr 2018049863.842.90$1,445
Mar 2018053961.222.79$1,502
Feb 2018045161.782.77$1,248
Jan 2018047362.874.01$1,896
Dec 2017041157.272.92$1,201
Nov 2017052755.423.12$1,643
Oct 2017066849.292.98$1,993
Sep 2017073647.523.09$2,272
Aug 2017067045.373.00$2,013
Jul 2017064043.873.09$1,976
Jun 2017062042.493.09$1,914
May 2017059745.373.26$1,948
Apr 2017053047.933.21$1,702
Mar 2017060246.772.98$1,796
Feb 2017050750.452.95$1,497
Jan 2017056049.413.42$1,915
Dec 2016051448.763.72$1,914
Nov 2016062142.492.64$1,642
Oct 2016060446.193.09$1,867
Sep 2016046641.553.10$1,445
Aug 2016056741.442.92$1,658
Jul 2016046641.622.92$1,363
Jun 2016055345.352.69$1,485
May 2016055842.521.99$1,111
Apr 2016051636.561.99$1,027
Mar 2016049533.011.79$888
Feb 2016150226.472.06$1,062
Jan 2016055827.352.36$1,319
Dec 2015059232.362.00$1,185
Nov 2015048738.792.17$1,055
Oct 2015062043.552.43$1,504
Sep 2015062842.992.76$1,732
Aug 2015063640.162.87$1,827
Jul 2015062148.152.95$1,829
Jun 2015059756.152.88$1,721
May 2015061355.212.96$1,812
Apr 2015056749.822.71$1,535
Mar 2015056942.892.93$1,670
Feb 2015059644.662.98$1,774
Jan 2015064843.433.10$2,009
Dec 2014061954.693.59$2,223
Nov 2014065770.464.25$2,793
Oct 2014069478.303.90$2,707
Sep 2014067386.164.05$2,723
Aug 2014065989.394.04$2,659
Jul 2014069496.564.18$2,901
Jun 2014058498.164.74$2,766
May 2014066594.734.73$3,143
Apr 2014059095.944.81$2,837
Mar 2014053295.895.06$2,690
Feb 2014037897.406.19$2,341
Jan 2014063790.404.86$3,096
Dec 2013061391.824.35$2,669
Nov 2013068288.853.74$2,550
Oct 2013083897.423.78$3,167
Sep 20130686104.113.72$2,550
Aug 20130602104.253.52$2,121
Jul 20130835102.523.72$3,104
Jun 2013072594.403.93$2,852
May 2013052194.834.15$2,162
Apr 2013062993.964.28$2,694
Mar 2013063393.623.91$2,477
Feb 2013052391.233.42$1,789
Jan 2013059091.603.42$2,018
Dec 2012063286.773.42$2,162
Nov 2012091186.953.62$3,302
Oct 2012058889.383.40$1,999
Sep 2012056594.672.92$1,649
Aug 2012070192.662.91$2,039
Jul 20120685.133.02$18
Jun 2012163679.822.52$1,682
May 2012070491.612.49$1,752
Apr 20120635101.652.00$1,268
Mar 20120727105.052.22$1,615
Feb 20120597101.102.57$1,534
Jan 2012061698.092.73$1,684
Dec 2011063596.873.24$2,057
Nov 2011061795.723.31$2,043
Oct 2011073284.983.65$2,671
Sep 2011074283.623.99$2,957
Aug 2011064883.404.15$2,689
Jul 2011286494.144.52$4,091
Jun 2011082292.904.64$3,814
May 2011096498.134.40$4,246
Apr 20110755105.964.33$3,272
Mar 2011078996.364.06$3,201
Feb 2011276085.644.18$3,348
Jan 2011073786.504.59$3,382
Dec 2010090885.734.35$3,948
Nov 2010094480.843.80$3,583
Oct 201001,07478.103.51$3,769
Sep 201001,11072.633.98$4,417
Aug 201001,14473.684.42$5,056
Jul 201001,11572.554.74$5,281
Jun 201001,11570.364.91$5,475
May 201001,11571.124.24$4,722
Apr 201001,11481.694.12$4,593
Mar 201001,14778.394.39$5,034
Feb 201001,07373.585.44$5,840
Jan 201001,17874.365.96$7,026
Dec 200901,22471.445.48$6,712
Nov 200901,90874.593.75$7,158
Oct 200901,52972.544.11$6,285
Sep 200921,44665.543.06$4,563
Aug 200911,49767.423.22$4,886
Jul 200911,23161.133.46$4,326
Jun 200911,19866.163.90$4,732
May 200921,13954.743.93$4,581
Apr 200921,12146.773.59$4,115
Mar 200921,11442.144.06$4,606
Feb 200911,12632.814.63$5,250
Jan 200921,40535.865.37$7,618
Dec 200841,88637.105.98$11,421
Nov 200831,61255.496.86$11,225
Oct 200811,43375.246.92$9,994
Sep 20082943101.767.88$7,632
Aug 200831,721114.228.48$14,942
Jul 200811,722131.0811.39$19,744
Jun 200841,779131.3313.03$23,710
May 200831,815123.1711.57$21,377
Apr 200811,663110.3110.45$17,497
Mar 200821,620101.909.66$15,860
Feb 200821,54592.538.77$13,736
Jan 200811,70890.388.21$14,106
Dec 200721,59988.337.30$11,853
Nov 200701,53991.677.29$11,222
Oct 200741,41982.856.92$10,154
Sep 200701,12675.846.24$7,031
Aug 200731,16169.066.39$7,624
Jul 200711,10470.906.39$7,123
Jun 200731,21162.007.55$9,327
May 200721,21558.747.85$9,651
Apr 200731,10959.617.81$8,835
Mar 200721,06056.927.30$7,854
Feb 2007190555.108.22$7,491
Jan 2007289350.306.73$6,108
Dec 200611,00456.656.92$7,003
Nov 2006299154.207.62$7,657
Oct 2006294854.906.01$5,811
Sep 2006291360.085.04$4,719
Aug 2006190568.717.34$6,711
Jul 2006287669.376.34$5,695
Jun 2006284266.286.38$5,508
May 2006297166.016.42$6,371
Apr 2006281964.397.36$6,157
Mar 2006292756.707.08$6,679
Feb 2006382657.597.75$6,575
Jan 2006496360.598.93$8,845
Dec 2005293154.9413.42$12,600
Nov 2005297154.6910.59$10,391
Oct 2005396558.3413.80$13,488
Sep 2005280861.4512.08$9,883
Aug 2005486361.519.80$8,701
Jul 2005384855.697.84$6,818
Jun 2005293452.337.38$6,999
May 2005394945.226.65$6,448
Apr 2005582249.207.36$6,296
Mar 2005385450.377.15$6,261
Feb 20055374845.226.31$7,118
Jan 2005770443.166.32$4,753
Dec 2004296639.866.75$6,601
Nov 2004388345.286.33$5,726
Oct 200421,10049.706.52$7,266
Sep 200411,00843.245.28$5,369
Aug 2004286542.375.55$4,886
Jul 200431,31938.286.08$8,140
Jun 20045958836.106.43$5,913
May 2004289637.486.49$5,894
Apr 2004282434.475.86$4,896
Mar 200441,27034.365.53$7,161
Feb 2004123,54332.455.51$19,910
Jan 2004144,16632.036.30$26,693
Dec 200333,16530.266.30$20,035
Nov 2003243728.804.60$2,066
Oct 200321,54128.174.76$7,391
Sep 2003262026.314.75$2,997
Aug 2003273629.765.13$3,835
Jul 2003272729.415.17$3,818
Jun 2003184228.565.98$5,066
May 2003392726.595.97$5,616
Apr 200331,17926.675.41$6,455
Mar 200351,37631.146.10$8,544
Feb 200351,26233.487.93$10,170
Jan 200341,58730.315.58$8,980
Dec 200261,71126.914.85$8,466
Nov 200261,64024.664.14$6,933
Oct 200241,76226.464.23$7,558
Sep 200251,61927.443.64$6,023
Aug 200241,66925.963.16$5,385
Jul 200201,53324.583.06$4,694
Jun 200201,69423.733.34$5,655
May 200202,11824.663.58$7,591
Apr 200201,50523.653.51$5,286
Mar 200201,74322.003.10$5,408
Feb 200201,52018.222.38$3,611
Jan 200201,74317.172.38$4,141
Dec 200101,93416.932.36$4,573
Nov 200101,97218.072.41$4,744
Oct 200102,79619.782.53$7,071
Sep 200102,65224.262.25$5,971
Aug 200102,88924.873.05$8,821
Jul 200102,38623.933.20$7,628
Jun 20011432,92724.563.82$14,705
May 200103,29125.524.31$14,175
Apr 200103,83124.685.34$20,440
Mar 200103,13524.545.38$16,855
Feb 20010027.755.77$0
Jan 200104,36927.478.40$36,694
Dec 200004,83126.889.12$44,071
Nov 200003,93732.215.66$22,276
Oct 20001124,27931.235.15$25,515
Sep 200003,51131.875.19$18,210
Aug 200004,12329.644.54$18,722
Jul 200003,97528.534.09$16,257
Jun 200004,09129.304.40$17,989
May 200004,54427.263.68$16,721
Apr 200004,04024.513.12$12,589
Mar 200004,70428.422.86$13,452
Feb 200004,39227.622.73$11,975
Jan 200004,30425.272.48$10,676
Dec 19991424,31024.282.42$13,894
Nov 199904,47223.192.43$10,885
Oct 199904,52920.982.80$12,698
Sep 199903,79421.752.62$9,936
Aug 199904,16819.262.88$11,986
Jul 199904,81417.892.37$11,421
Jun 199904,60315.942.36$10,873
May 199904,22415.792.32$9,804
Apr 199904,31515.102.21$9,528
Mar 199904,53812.471.84$8,342
Feb 199906,1689.981.82$11,212
Jan 199905,76410.381.90$10,951
Dec 199804,1799.201.77$7,411
Nov 199804,66910.892.19$10,205
Oct 19981425,61512.421.97$12,821
Sep 199804,91012.592.08$10,226
Aug 199805,34111.301.91$10,187
Jul 199805,00611.742.24$11,200
Jun 199805,22911.242.24$11,699
May 199806,15612.622.21$13,582
Apr 199805,80313.042.51$14,538
Mar 199805,55012.802.31$12,817
Feb 199805,60713.952.30$12,891
Jan 199806,45214.702.15$13,903
Dec 1997945,91816.322.41$15,803
Nov 199705,54418.193.09$17,121
Oct 199706,32119.253.15$19,910
Sep 199706,74117.742.95$19,919
Aug 199707,40017.862.55$18,905
Jul 19971488,94217.582.25$22,694
Jun 199708,94217.242.26$20,184
May 199703,70118.972.31$8,544
Apr 199702,74717.882.08$5,721
Mar 199717,72518.951.94$14,999
Feb 199706,91520.492.21$15,254
Jan 19971648,09523.483.54$32,505
Dec 199608,89423.32$0
Nov 199608,16421.97$0
Oct 199608,59923.31$0
Sep 19961489,76522.22$3,289
Aug 199609,71920.26$0
Jul 199609,15519.55$0
Jun 199609,93618.73$0
May 199615310,39319.43$2,973
Apr 1996010,18721.51$0
Mar 1996010,24019.38$0
Feb 199616611,32116.98$2,819
Jan 1996011,47717.07$0
Dec 1995011,10317.19$0
Nov 199517611,04316.00$2,816
Oct 1995011,35315.43$0
Sep 1995011,04816.18$0
Aug 199516112,46215.92$2,563
Jul 1995012,55915.24$0
Jun 1995013,08816.41$0
May 199516213,00217.56$2,845
Apr 1995013,41117.73$0
Mar 199517210,79616.44$2,828
Feb 1995010,72016.58$0
Jan 1995010,88815.92$0
Dec 199417810,97015.03$2,675
Nov 1994011,32315.90$0
Oct 199418012,22115.58$2,804
Sep 1994013,29415.29$0
Aug 199418212,85416.13$2,936
Jul 1994012,54717.56$0
Jun 199417812,75617.09$3,042
May 1994114,25715.88$16
Apr 199417813,87514.14$2,517
Mar 1994014,69812.46$0
Feb 199418313,91212.50$2,288
Jan 199418115,00512.66$2,291
Dec 1993018,02312.33$0
Nov 199318115,00614.49$2,623
Oct 1993018,54515.85$0
Sep 199317716,63515.03$2,660
Aug 199318319,10315.66$2,866
Jul 1993017,25815.46$0
Jun 199317419,22016.79$2,921
May 199318221,39417.68$3,218
Apr 199317921,56218.05$3,231
Mar 199317923,83818.14$3,247
Feb 1993020,97817.90$0
Jan 199318024,45916.93$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                  638 Mcf  × $  3.05 =     $1,943

────────────────────────────────────────────────────
Month total                                   $2,050

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/125274 is the state's own key, not one this site invented.