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 125429District 04Field 05993600NGPA filingCondensateGasSaveExport
Value, all time
$4.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$24 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
CondensateDisposition4,186 bbl$116,510
GasProduction1,902,345 Mcf$4,210,447
Total$4,326,957

748,262 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 27.3388, -99.4196. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.33883, -99.41956 · 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
8,106 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 8,106 ft.

1 well

42-47934563288,106 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 20261103106.413.05$420
Apr 202619098.932.87$357
Mar 2026121389.753.15$761
Feb 2026015063.503.75$563
Jan 2026211659.138.00$1,046
Dec 2025430956.664.41$1,590
Nov 2025460158.593.93$2,594
Oct 202541,04659.383.30$3,694
Sep 2025586062.743.08$2,960
Aug 202541,05063.933.01$3,421
Jul 2025483666.743.32$3,038
Jun 2025494866.483.13$3,232
May 2025394360.553.23$3,230
Apr 2025298862.363.54$3,625
Mar 2025182767.704.27$3,598
Feb 2025154770.884.34$2,445
Jan 2025327674.324.28$1,404
Dec 20241054668.993.12$2,394
Nov 202441,29269.052.20$3,117
Oct 202451,35471.372.28$3,446
Sep 202451,27369.612.36$3,358
Aug 202481,38575.632.06$3,463
Jul 202421,42179.932.15$3,210
Jun 202451,20278.082.63$3,556
May 2024358078.812.20$1,512
Apr 2024889884.451.66$2,166
Mar 202441,04280.301.55$1,931
Feb 202441,00776.091.78$2,100
Jan 202431,07973.023.30$3,777
Dec 202331,07071.262.61$3,007
Nov 2023291877.892.81$2,733
Oct 2023337585.443.09$1,414
Sep 2023789289.042.74$3,063
Aug 202331,07780.522.67$3,120
Jul 202331,16474.852.64$3,300
Jun 2023326568.962.26$805
May 2023690370.622.23$2,435
Apr 202331,02578.122.24$2,528
Mar 202331,03772.852.39$2,700
Feb 2023498075.112.47$2,717
Jan 202331,20076.533.39$4,295
Dec 202271,21176.415.73$7,473
Nov 202231,01385.005.65$5,975
Oct 202271,05587.185.86$6,797
Sep 202241,12984.888.16$9,556
Aug 202241,09794.529.13$10,391
Jul 202271,139101.587.54$9,301
Jun 2022111,222115.097.98$11,014
May 20221925109.378.43$7,910
Apr 20223270104.226.84$2,159
Mar 202261,124108.885.08$6,359
Feb 202271,07791.054.86$5,870
Jan 202231,35581.844.54$6,394
Dec 202121,23471.323.90$4,954
Nov 2021039977.435.24$2,090
Oct 2021889979.795.71$5,775
Sep 202141,23569.865.35$6,888
Aug 202171,20866.024.22$5,561
Jul 202131,14170.783.98$4,756
Jun 2021398569.493.38$3,538
May 202161,17163.483.02$3,915
Apr 202161,06160.362.76$3,289
Mar 202161,31261.302.72$3,932
Feb 202121,27357.805.55$7,178
Jan 202131,32950.412.81$3,886
Dec 202031,25244.642.68$3,484
Nov 2020101,40238.772.71$4,182
Oct 202091,88436.972.48$5,002
Sep 202091,85437.091.99$4,025
Aug 202091,71339.982.39$4,446
Jul 202051,64738.371.83$3,198
Jun 202091,61534.901.69$3,044
May 202041,67616.921.81$3,109
Apr 202091,69014.751.80$3,182
Mar 202091,49830.341.86$3,054
Feb 2020101,43749.881.98$3,345
Jan 202051,71557.252.09$3,879
Dec 2019131,90759.012.30$5,162
Nov 201952,02955.302.75$5,858
Oct 201941,94253.472.42$4,911
Sep 201981,87855.052.66$5,431
Aug 2019111,94053.112.30$5,055
Jul 201942,12956.272.46$5,463
Jun 201952,18752.782.49$5,712
May 2019102,26558.482.74$6,792
Apr 201951,98862.632.75$5,782
Mar 2019101,65756.803.06$5,642
Feb 201961,60750.852.79$4,792
Jan 201991,72646.033.23$5,986
Dec 2018112,25446.594.19$9,946
Nov 201872,09552.934.24$9,248
Oct 201852,63161.443.40$9,248
Sep 2018182,62659.543.11$9,233
Aug 201802,70059.403.07$8,280
Jul 2018152,82665.142.93$9,263
Jun 201892,99460.183.08$9,754
May 201803,25165.382.90$9,431
Apr 201803,63063.842.90$10,530
Mar 201803,82261.222.79$10,651
Feb 201803,89261.782.77$10,766
Jan 201801,55262.874.01$6,222
Dec 2017092457.272.92$2,699
Nov 201701,11855.423.12$3,486
Oct 2017078749.292.98$2,348
Sep 2017068347.523.09$2,109
Aug 2017067045.373.00$2,013
Jul 2017064243.873.09$1,982
Jun 2017057842.493.09$1,784
May 2017065945.373.26$2,151
Apr 2017075247.933.21$2,415
Mar 2017075346.772.98$2,247
Feb 2017064350.452.95$1,899
Jan 2017082449.413.42$2,817
Dec 2016071448.763.72$2,658
Nov 2016042842.492.64$1,132
Oct 2016044446.193.09$1,372
Sep 2016047141.553.10$1,460
Aug 2016036841.442.92$1,076
Jul 2016038841.622.92$1,135
Jun 2016037445.352.69$1,005
May 2016047442.521.99$944
Apr 2016038536.561.99$767
Mar 2016043533.011.79$780
Feb 2016019726.472.06$407
Jan 2016021827.352.36$515
Dec 2015020832.362.00$416
Nov 2015022038.792.17$477
Oct 2015023143.552.43$561
Sep 2015018742.992.76$516
Aug 2015017740.162.87$508
Jul 2015023348.152.95$686
Jun 2015028856.152.88$830
May 2015025555.212.96$754
Apr 2015039849.822.71$1,077
Mar 2015038342.892.93$1,124
Feb 2015028944.662.98$860
Jan 2015039443.433.10$1,222
Dec 2014047154.693.59$1,692
Nov 2014044870.464.25$1,905
Oct 2014048178.303.90$1,876
Sep 2014045686.164.05$1,845
Aug 2014045989.394.04$1,852
Jul 2014060096.564.18$2,508
Jun 2014046298.164.74$2,188
May 2014041194.734.73$1,943
Apr 2014040495.944.81$1,943
Mar 2014042995.895.06$2,169
Feb 2014032497.406.19$2,006
Jan 2014045390.404.86$2,202
Dec 2013042091.824.35$1,829
Nov 2013045788.853.74$1,708
Oct 2013045697.423.78$1,723
Sep 20130331104.113.72$1,231
Aug 20130666104.253.52$2,346
Jul 20130430102.523.72$1,599
Jun 2013043494.403.93$1,707
May 2013049094.834.15$2,033
Apr 2013057993.964.28$2,480
Mar 2013057393.623.91$2,242
Feb 2013089791.233.42$3,068
Jan 2013078591.603.42$2,685
Dec 2012095386.773.42$3,259
Nov 201201,29986.953.62$4,709
Oct 2012093989.383.40$3,192
Sep 2012091594.672.92$2,670
Aug 2012098692.662.91$2,867
Jul 20120885.133.02$24
Jun 201221,15379.822.52$3,064
May 2012084991.612.49$2,113
Apr 20120862101.652.00$1,721
Mar 20123826105.052.22$2,151
Feb 20120790101.102.57$2,030
Jan 2012083298.092.73$2,275
Dec 2011083896.873.24$2,715
Nov 2011080195.723.31$2,652
Oct 2011093284.983.65$3,400
Sep 2011095483.623.99$3,802
Aug 201101,44183.404.15$5,979
Jul 2011083594.144.52$3,772
Jun 2011087992.904.64$4,078
May 2011087498.134.40$3,850
Apr 20110807105.964.33$3,497
Mar 2011085096.364.06$3,449
Feb 2011270285.644.18$3,106
Jan 2011085686.504.59$3,928
Dec 20100085.734.35$0
Nov 2010020580.843.80$778
Oct 201001,71278.103.51$6,007
Sep 201001,79772.633.98$7,151
Aug 201001,65273.684.42$7,301
Jul 201001,68872.554.74$7,995
Jun 201001,59770.364.91$7,842
May 201001,78171.124.24$7,543
Apr 201001,61581.694.12$6,658
Mar 201001,40578.394.39$6,166
Feb 201002873.585.44$152
Jan 2010071374.365.96$4,252
Dec 200901,58471.445.48$8,686
Nov 200902,33974.593.75$8,775
Oct 200902,09272.544.11$8,599
Sep 200922,23465.543.06$6,978
Aug 200921,99267.423.22$6,546
Jul 200921,59661.133.46$5,652
Jun 200921,91466.163.90$7,587
May 200961,75854.743.93$7,230
Apr 200931,88346.773.59$6,896
Mar 200931,58942.144.06$6,576
Feb 200921,69532.814.63$7,919
Jan 200921,83735.865.37$9,938
Dec 200841,71537.105.98$10,399
Nov 200831,68555.496.86$11,726
Oct 200821,82975.246.92$12,811
Sep 200831,404101.767.88$11,365
Aug 200831,711114.228.48$14,857
Jul 200852,353131.0811.39$27,455
Jun 200862,707131.3313.03$36,067
May 200842,882123.1711.57$33,850
Apr 200822,493110.3110.45$26,285
Mar 200843,037101.909.66$29,757
Feb 200842,71192.538.77$24,147
Jan 200853,26090.388.21$27,203
Dec 200743,03088.337.30$22,478
Nov 200702,55391.677.29$18,616
Oct 2007152,63782.856.92$19,496
Sep 200702,57975.846.24$16,104
Aug 200762,40869.066.39$15,797
Jul 200733,58570.906.39$23,113
Jun 200752,63762.007.55$20,215
May 200751,96658.747.85$15,719
Apr 200792,59959.617.81$20,822
Mar 200752,54556.927.30$18,868
Feb 200732,41455.108.22$19,999
Jan 200742,56550.306.73$17,456
Dec 200672,08456.656.92$14,815
Nov 200642,30954.207.62$17,806
Oct 200622,14854.906.01$13,027
Sep 2006102,00060.085.04$10,675
Aug 200642,53868.717.34$18,904
Jul 200652,58369.376.34$16,730
Jun 200652,71866.286.38$17,683
May 200672,59066.016.42$17,103
Apr 200662,49064.397.36$18,714
Mar 2006122,59656.707.08$19,068
Feb 2006132,24457.597.75$18,142
Jan 2006152,95060.598.93$27,262
Dec 200552,75754.9413.42$37,261
Nov 200592,54354.6910.59$27,419
Oct 200562,61558.3413.80$36,426
Sep 200541,93861.4512.08$23,655
Aug 2005112,34661.519.80$23,660
Jul 200542,75255.697.84$21,808
Jun 200562,63252.337.38$19,741
May 200542,72145.226.65$18,279
Apr 2005142,34349.207.36$17,934
Mar 200582,55450.377.15$18,677
Feb 2005112,22445.226.31$14,535
Jan 200552,64043.166.32$16,906
Dec 20041092,25639.866.75$19,575
Nov 200442,74145.286.33$17,533
Oct 200472,82849.706.52$18,773
Sep 2004102,83143.245.28$15,391
Aug 200442,67742.375.55$15,029
Jul 200472,98338.286.08$18,417
Jun 200463,04836.106.43$19,824
May 2004132,71237.486.49$18,101
Apr 200442,84534.475.86$16,805
Mar 2004112,73834.365.53$15,519
Feb 200472,84132.455.51$15,880
Jan 2004143,17532.036.30$20,450
Dec 2003112,95930.266.30$18,979
Nov 200373,00228.804.60$13,996
Oct 2003123,23428.174.76$15,731
Sep 200372,93726.314.75$14,133
Aug 200373,38329.765.13$17,562
Jul 200363,33329.415.17$17,411
Jun 200342,90428.565.98$17,489
May 2003143,02826.595.97$18,458
Apr 200362,84226.675.41$15,528
Mar 2003243,56131.146.10$22,455
Feb 2003153,06833.487.93$24,819
Jan 2003143,29630.315.58$18,823
Dec 2002142,95326.914.85$14,710
Nov 2002142,84924.664.14$12,131
Oct 200272,98526.464.23$12,809
Sep 200293,17127.443.64$11,774
Aug 200293,32125.963.16$10,742
Jul 200202,91924.583.06$8,937
Jun 200203,71723.733.34$12,408
May 200204,17524.663.58$14,963
Apr 200203,75223.653.51$13,178
Mar 200203,59722.003.10$11,160
Feb 200203,42618.222.38$8,139
Jan 200203,65517.172.38$8,683
Dec 200103,35816.932.36$7,940
Nov 200104,17318.072.41$10,038
Oct 200104,13119.782.53$10,447
Sep 200104,08824.262.25$9,203
Aug 200104,15724.873.05$12,692
Jul 200104,12823.933.20$13,198
Jun 200104,58524.563.82$17,534
May 200104,96225.524.31$21,373
Apr 200104,78624.685.34$25,535
Mar 200104,61824.545.38$24,828
Feb 200104,42027.755.77$25,490
Jan 200104,93227.478.40$41,423
Dec 200004,95526.889.12$45,202
Nov 200005,25932.215.66$29,755
Oct 200005,74531.235.15$29,561
Sep 200005,10931.875.19$26,498
Aug 200006,70329.644.54$30,437
Jul 200005,93928.534.09$24,289
Jun 200006,10229.304.40$26,832
May 200006,90127.263.68$25,394
Apr 200008,01324.513.12$24,969
Mar 2000010,30528.422.86$29,470
Feb 20001637,33927.622.73$24,512
Jan 200008,04325.272.48$19,951
Dec 1999010,54224.282.42$25,551
Nov 1999011,46823.192.43$27,913
Oct 1999012,88120.982.80$36,115
Sep 1999012,20621.752.62$31,966
Aug 1999014,30819.262.88$41,144
Jul 1999014,47717.892.37$34,345
Jun 1999011,27915.942.36$26,642
May 1999012,50415.792.32$29,022
Apr 1999013,37415.102.21$29,530
Mar 199914916,18412.471.84$31,610
Feb 1999019,1919.981.82$34,885
Jan 1999019,50910.381.90$37,066
Dec 199808,4919.201.77$15,057
Nov 199804,81810.892.19$10,531
Oct 1998010,05812.421.97$19,806
Sep 199809,95212.592.08$20,726
Aug 1998012,03411.301.91$22,953
Jul 1998012,83311.742.24$28,711
Jun 1998013,86711.242.24$31,024
May 1998014,87612.622.21$32,822
Apr 1998015,89913.042.51$39,832
Mar 1998018,92712.802.31$43,711
Feb 1998018,86813.952.30$43,380
Jan 1998018,49414.702.15$39,851
Dec 199712019,68916.322.41$49,431
Nov 1997028,93918.193.09$89,371
Oct 1997032,15819.253.15$101,292
Sep 1997036,74817.742.95$108,586
Aug 199715340,91117.862.55$107,250
Jul 1997011,78317.582.25$26,476
Jun 1997011,78317.242.26$26,597
May 1997011,90918.972.31$27,492
Apr 1997011,25017.882.08$23,431
Mar 1997011,89418.951.94$23,064
Feb 1997011,12620.492.21$24,543
Jan 19976712,08223.483.54$44,340
Dec 1996011,45623.32$0
Nov 1996011,73721.97$0
Oct 199615812,64523.31$3,683
Sep 1996012,96822.22$0
Aug 1996013,18620.26$0
Jul 1996011,56519.55$0
Jun 1996013,48218.73$0
May 1996012,90419.43$0
Apr 1996012,55421.51$0
Mar 199615313,05219.38$2,965
Feb 1996011,21616.98$0
Jan 1996015,60117.07$0
Dec 1995014,81717.19$0
Nov 1995015,95816.00$0
Oct 199515116,84615.43$2,330
Sep 1995015,88816.18$0
Aug 1995015,48815.92$0
Jul 1995016,61715.24$0
Jun 199515716,23916.41$2,576
May 1995015,06717.56$0
Apr 1995015,31417.73$0
Mar 199516214,68816.44$2,663
Feb 199512513,14616.58$2,073
Jan 1995013,89115.92$0
Dec 1994014,55215.03$0
Nov 1994016,71515.90$0
Oct 1994012,53915.58$0
Sep 199417313,42115.29$2,645
Aug 1994015,10916.13$0
Jul 1994015,77217.56$0
Jun 1994015,66217.09$0
May 199417715,84915.88$2,811
Apr 1994016,26014.14$0
Mar 1994017,20012.46$0
Feb 199418315,27512.50$2,288
Jan 1994116,05212.66$13
Dec 199318018,52812.33$2,219
Nov 1993116,19814.49$14
Oct 1993018,00815.85$0
Sep 199318017,44615.03$2,705
Aug 1993018,66815.66$0
Jul 1993018,27615.46$0
Jun 199318119,16116.79$3,039
May 1993019,81217.68$0
Apr 199318019,85118.05$3,249
Mar 1993021,25018.14$0
Feb 199317718,64817.90$3,168
Jan 1993021,68516.93$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.

May 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $106.41 =       $106
Gas                  103 Mcf  × $  3.05 =       $314

────────────────────────────────────────────────────
Month total                                     $420

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/125429 is the state's own key, not one this site invented.