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 125746District 04Field 05993600NGPA filingCondensateGasSaveExport
Value, all time
$3.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$16 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
CondensateDisposition3,380 bbl$84,951
GasProduction1,233,821 Mcf$2,889,677
Total$2,974,628

537,521 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 27.3412, -99.4123. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34122, -99.41226 · 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
7,600 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 7,600 ft.

Completions filed
Nov 1987
1 of 1 wells

1 well

42-47934588317,600 ftNov 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 20261205106.413.05$731
Apr 2026035898.932.87$1,027
Mar 2026129089.753.15$1,003
Feb 2026019563.503.75$731
Jan 2026132959.138.00$2,690
Dec 2025135256.664.41$1,610
Nov 2025133858.593.93$1,386
Oct 2025139659.383.30$1,368
Sep 2025144262.743.08$1,423
Aug 2025137463.933.01$1,191
Jul 2025133566.743.32$1,177
Jun 2025237966.483.13$1,319
May 2025144760.553.23$1,505
Apr 2025131562.363.54$1,178
Mar 2025133067.704.27$1,476
Feb 2025134370.884.34$1,560
Jan 2025231674.324.28$1,501
Dec 2024234568.993.12$1,215
Nov 2024146469.052.20$1,089
Oct 2024148871.372.28$1,185
Sep 2024137169.612.36$947
Aug 2024243775.632.06$1,053
Jul 2024153879.932.15$1,235
Jun 2024141778.082.63$1,176
May 2024038778.812.20$851
Apr 2024236984.451.66$781
Mar 2024141080.301.55$714
Feb 2024243276.091.78$923
Jan 2024141673.023.30$1,445
Dec 2023239371.262.61$1,169
Nov 2023134477.892.81$1,044
Oct 2023143485.443.09$1,425
Sep 2023247789.042.74$1,483
Aug 2023129080.522.67$856
Jul 2023341874.852.64$1,329
Jun 2023145868.962.26$1,103
May 2023149970.622.23$1,182
Apr 2023142378.122.24$1,025
Mar 2023246472.852.39$1,256
Feb 2023146175.112.47$1,212
Jan 2023137276.533.39$1,337
Dec 2022232176.415.73$1,992
Nov 2022222785.005.65$1,452
Oct 2022242187.185.86$2,643
Sep 2022034584.888.16$2,816
Aug 2022140294.529.13$3,764
Jul 20221567101.587.54$4,378
Jun 20221309115.097.98$2,580
May 20221434109.378.43$3,769
Apr 20221363104.226.84$2,586
Mar 20224459108.885.08$2,766
Feb 2022450891.054.86$2,832
Jan 2022145881.844.54$2,160
Dec 2021153571.323.90$2,157
Nov 2021058477.435.24$3,058
Oct 2021335679.795.71$2,274
Sep 2021255669.865.35$3,115
Aug 2021253066.024.22$2,369
Jul 2021244670.783.98$1,918
Jun 2021278369.493.38$2,786
May 2021486263.483.02$2,855
Apr 2021381160.362.76$2,418
Mar 2021374061.302.72$2,194
Feb 2021259257.805.55$3,400
Jan 2021269850.412.81$2,062
Dec 2020268044.642.68$1,909
Nov 2020977938.772.71$2,457
Oct 202081,00936.972.48$2,797
Sep 2020359637.091.99$1,298
Aug 2020481939.982.39$2,113
Jul 2020291738.371.83$1,750
Jun 2020482934.901.69$1,541
May 2020274716.921.81$1,389
Apr 2020472514.751.80$1,367
Mar 2020578930.341.86$1,616
Feb 2020587349.881.98$1,979
Jan 202021,00857.252.09$2,226
Dec 201951,03959.012.30$2,689
Nov 2019296755.302.75$2,771
Oct 201921,00353.472.42$2,533
Sep 201941,05855.052.66$3,032
Aug 201961,01153.112.30$2,648
Jul 201931,13056.272.46$2,949
Jun 201931,12452.782.49$2,958
May 201971,08358.482.74$3,377
Apr 201941,19062.632.75$3,524
Mar 2019699856.803.06$3,397
Feb 2019170150.852.79$2,008
Jan 2019271646.033.23$2,403
Dec 2018258946.594.19$2,558
Nov 2018164352.934.24$2,777
Oct 2018151261.443.40$1,801
Sep 2018662559.543.11$2,300
Aug 2018081259.403.07$2,490
Jul 2018265365.142.93$2,045
Jun 2018239860.183.08$1,345
May 2018093965.382.90$2,724
Apr 2018086763.842.90$2,515
Mar 2018091561.222.79$2,550
Feb 2018071361.782.77$1,972
Jan 2018095862.874.01$3,841
Dec 2017090557.272.92$2,644
Nov 201701,08155.423.12$3,371
Oct 201701,26149.292.98$3,762
Sep 201701,08747.523.09$3,356
Aug 2017092245.373.00$2,770
Jul 201701,09943.873.09$3,393
Jun 201701,06542.493.09$3,288
May 2017078645.373.26$2,565
Apr 2017070647.933.21$2,267
Mar 2017051646.772.98$1,540
Feb 2017060150.452.95$1,775
Jan 2017049849.413.42$1,703
Dec 2016057948.763.72$2,156
Nov 2016066942.492.64$1,769
Oct 2016073446.193.09$2,268
Sep 2016062941.553.10$1,950
Aug 2016076541.442.92$2,237
Jul 2016065241.622.92$1,907
Jun 2016062545.352.69$1,679
May 2016067942.521.99$1,352
Apr 2016062736.561.99$1,248
Mar 2016061433.011.79$1,102
Feb 2016134926.472.06$747
Jan 2016038727.352.36$915
Dec 2015065232.362.00$1,305
Nov 2015063038.792.17$1,365
Oct 2015063543.552.43$1,541
Sep 2015067642.992.76$1,865
Aug 2015073540.162.87$2,111
Jul 2015086248.152.95$2,539
Jun 201501,07056.152.88$3,085
May 201501,01555.212.96$3,000
Apr 2015075849.822.71$2,052
Mar 2015096442.892.93$2,829
Feb 2015079644.662.98$2,369
Jan 2015093743.433.10$2,905
Dec 201401,16054.693.59$4,166
Nov 2014087170.464.25$3,703
Oct 2014062678.303.90$2,442
Sep 2014073386.164.05$2,965
Aug 2014081189.394.04$3,272
Jul 2014079296.564.18$3,310
Jun 2014074098.164.74$3,505
May 2014081294.734.73$3,838
Apr 2014084295.944.81$4,049
Mar 2014072095.895.06$3,641
Feb 2014070197.406.19$4,341
Jan 2014077690.404.86$3,772
Dec 2013063591.824.35$2,765
Nov 2013084688.853.74$3,163
Oct 2013071297.423.78$2,691
Sep 20130811104.113.72$3,015
Aug 20130900104.253.52$3,170
Jul 20130578102.523.72$2,149
Jun 2013060994.403.93$2,395
May 201301,02894.834.15$4,265
Apr 2013043193.964.28$1,846
Mar 201301,18693.623.91$4,641
Feb 201301,71991.233.42$5,879
Jan 201301,18791.603.42$4,059
Dec 201201,25886.773.42$4,303
Nov 201201,18586.953.62$4,296
Oct 201201,18489.383.40$4,025
Sep 201201,26594.672.92$3,692
Aug 201201,30192.662.91$3,784
Jul 201201185.133.02$33
Jun 201221,19979.822.52$3,180
May 201201,22291.612.49$3,041
Apr 201201,195101.652.00$2,386
Mar 201231,258105.052.22$3,111
Feb 201201,157101.102.57$2,974
Jan 201201,25998.092.73$3,442
Dec 201101,31196.873.24$4,247
Nov 201101,33895.723.31$4,430
Oct 201101,22584.983.65$4,469
Sep 201101,30783.623.99$5,209
Aug 201101,17183.404.15$4,859
Jul 201101,19194.144.52$5,380
Jun 201101,21392.904.64$5,628
May 201101,20398.134.40$5,299
Apr 201101,344105.964.33$5,824
Mar 201101,33996.364.06$5,433
Feb 201121,22885.644.18$5,304
Jan 201101,39386.504.59$6,392
Dec 201001,39985.734.35$6,083
Nov 201001,42280.843.80$5,397
Oct 201002,71078.103.51$9,509
Sep 201001,66272.633.98$6,614
Aug 201001,62773.684.42$7,190
Jul 201001,45172.554.74$6,873
Jun 201001,46670.364.91$7,199
May 201001,49171.124.24$6,315
Apr 201001,56281.694.12$6,440
Mar 201001,58478.394.39$6,952
Feb 201001,53373.585.44$8,343
Jan 201001,76974.365.96$10,550
Dec 200901,71371.445.48$9,394
Nov 200901,52074.593.75$5,702
Oct 200901,64072.544.11$6,741
Sep 200921,54665.543.06$4,869
Aug 200921,79867.423.22$5,922
Jul 200922,14561.133.46$7,554
Jun 200922,03866.163.90$8,070
May 200962,00454.743.93$8,196
Apr 200931,55746.773.59$5,726
Mar 200931,84142.144.06$7,599
Feb 200921,58632.814.63$7,414
Jan 200921,83435.865.37$9,922
Dec 200851,75537.105.98$10,675
Nov 200831,68455.496.86$11,719
Oct 200822,00175.246.92$14,001
Sep 200841,899101.767.88$15,366
Aug 200842,059114.228.48$17,923
Jul 200842,248131.0811.39$26,128
Jun 200841,925131.3313.03$25,613
May 200832,030123.1711.57$23,865
Apr 200822,045110.3110.45$21,601
Mar 200832,230101.909.66$21,857
Feb 200832,10292.538.77$18,713
Jan 200832,18890.388.21$18,225
Dec 200731,92788.337.30$14,336
Nov 200701,98191.677.29$14,445
Oct 2007111,87382.856.92$13,876
Sep 200701,91275.846.24$11,939
Aug 200751,94269.066.39$12,751
Jul 200722,10270.906.39$13,569
Jun 200741,97562.007.55$15,156
May 200742,14758.747.85$17,081
Apr 200771,88959.617.81$15,161
Mar 200742,16156.927.30$16,007
Feb 200721,93455.108.22$16,000
Jan 200742,22450.306.73$15,162
Dec 200661,70156.656.92$12,108
Nov 200631,94354.207.62$14,963
Oct 200621,62954.906.01$9,906
Sep 200681,69960.085.04$9,039
Aug 200641,90468.717.34$14,250
Jul 200642,41869.376.34$15,614
Jun 200642,38966.286.38$15,516
May 200672,54966.016.42$16,839
Apr 200662,42164.397.36$18,206
Mar 2006122,64356.707.08$19,401
Feb 2006132,29157.597.75$18,506
Jan 2006153,14760.598.93$29,022
Dec 200542,56354.9413.42$34,603
Nov 200561,67354.6910.59$18,043
Oct 200541,45058.3413.80$20,237
Sep 200541,61361.4512.08$19,729
Aug 2005102,46861.519.80$24,794
Jul 200541,56455.697.84$12,490
Jun 200572,86352.337.38$21,498
May 200552,95445.226.65$19,874
Apr 2005182,78049.207.36$21,348
Mar 2005113,59250.377.15$26,254
Feb 2005183,31745.226.31$21,751
Jan 2005864,37043.166.32$31,340
Dec 2004101,90739.866.75$13,273
Nov 200432,07045.286.33$13,240
Oct 2004102,16149.706.52$14,576
Sep 2004135,34043.245.28$28,778
Aug 200433,16642.375.55$17,701
Jul 200442,11438.286.08$13,015
Jun 200441,81236.106.43$11,801
May 2004143,49437.486.49$23,217
Apr 200442,88634.475.86$17,045
Mar 2004123,16334.365.53$17,904
Feb 200472,90232.455.51$16,216
Jan 2004142,94032.036.30$18,969
Dec 2003113,66730.266.30$23,441
Nov 200372,30728.804.60$10,803
Oct 2003124,01928.174.76$19,467
Sep 200362,67726.314.75$12,872
Aug 200362,65229.765.13$13,783
Jul 200363,00729.415.17$15,725
Jun 200353,43628.565.98$20,700
May 2003104,58926.595.97$27,675
Apr 200321,10626.675.41$6,034
Mar 200391,14731.146.10$7,272
Feb 200391,61133.487.93$13,070
Jan 2003102,21630.315.58$12,673
Dec 200282,42126.914.85$11,966
Nov 2002698224.664.14$4,210
Oct 200231,58126.464.23$6,766
Sep 200251,32027.443.64$4,936
Aug 200283,24425.963.16$10,472
Jul 200202,93124.583.06$8,974
Jun 200203,54123.733.34$11,821
May 200203,26724.663.58$11,709
Apr 200203,39023.653.51$11,907
Mar 200203,80222.003.10$11,797
Feb 200203,26418.222.38$7,754
Jan 200203,40517.172.38$8,089
Dec 200103,66116.932.36$8,656
Nov 200103,63018.072.41$8,732
Oct 200103,79119.782.53$9,587
Sep 200103,50724.262.25$7,895
Aug 200103,89124.873.05$11,880
Jul 200103,97223.933.20$12,699
Jun 200103,83424.563.82$14,662
May 200104,13425.524.31$17,806
Apr 200104,30624.685.34$22,974
Mar 20011634,21024.545.38$26,635
Feb 200103,79127.755.77$21,863
Jan 200103,95127.478.40$33,184
Dec 200004,01226.889.12$36,599
Nov 200004,20932.215.66$23,815
Oct 200004,51031.235.15$23,206
Sep 200003,94131.875.19$20,440
Aug 200004,20729.644.54$19,103
Jul 200004,05928.534.09$16,600
Jun 200004,20029.304.40$18,468
May 200004,44327.263.68$16,349
Apr 200004,32724.513.12$13,483
Mar 200004,95428.422.86$14,167
Feb 200004,29327.622.73$11,705
Jan 200004,75325.272.48$11,790
Dec 199904,85124.282.42$11,757
Nov 199904,83823.192.43$11,776
Oct 199904,72220.982.80$13,239
Sep 199904,62721.752.62$12,117
Aug 199904,87919.262.88$14,030
Jul 199904,95817.892.37$11,762
Jun 199905,31215.942.36$12,547
May 199904,86715.792.32$11,296
Apr 199905,33015.102.21$11,769
Mar 19991525,33012.471.84$11,694
Feb 199905,6009.981.82$10,180
Jan 199905,21010.381.90$9,899
Dec 199805,6819.201.77$10,074
Nov 199805,16110.892.19$11,281
Oct 199805,51912.421.97$10,868
Sep 199804,79112.592.08$9,978
Aug 199805,69511.301.91$10,862
Jul 199806,06111.742.24$13,560
Jun 199805,78111.242.24$12,934
May 199805,81412.622.21$12,828
Apr 199805,90113.042.51$14,784
Mar 199806,31912.802.31$14,593
Feb 199806,06213.952.30$13,937
Jan 199806,77914.702.15$14,607
Dec 19971526,67916.322.41$18,584
Nov 199706,49318.193.09$20,052
Oct 199707,09019.253.15$22,332
Sep 1997147,05417.742.95$21,092
Aug 199707,30017.862.55$18,650
Jul 199707,24217.582.25$16,272
Jun 199707,24217.242.26$16,347
May 199727,66818.972.31$17,740
Apr 199707,26817.882.08$15,138
Mar 199707,04918.951.94$13,669
Feb 19971597,27620.492.21$19,308
Jan 199707,53423.483.54$26,668
Dec 199607,06123.32$0
Nov 199607,26421.97$0
Oct 199608,18123.31$0
Sep 199607,51322.22$0
Aug 199609,46820.26$0
Jul 199607,45819.55$0
Jun 199608,75018.73$0
May 19961678,46119.43$3,245
Apr 199607,97521.51$0
Mar 199609,08619.38$0
Feb 199607,58316.98$0
Jan 199609,97517.07$0
Dec 199509,46717.19$0
Nov 199516710,60716.00$2,672
Oct 1995011,38715.43$0
Sep 1995010,59116.18$0
Aug 1995010,09215.92$0
Jul 199509,73015.24$0
Jun 199508,18516.41$0
May 199516411,45717.56$2,880
Apr 1995012,49217.73$0
Mar 199509,77516.44$0
Feb 199508,80516.58$0
Jan 199508,83415.92$0
Dec 19941809,81315.03$2,705
Nov 199409,82715.90$0
Oct 1994010,02815.58$0
Sep 1994010,56015.29$0
Aug 199417710,13316.13$2,855
Jul 1994011,64517.56$0
Jun 1994010,36117.09$0
May 1994112,13115.88$16
Apr 1994011,27514.14$0
Mar 199417712,55312.46$2,205
Feb 1994111,79412.50$13
Jan 199418213,00012.66$2,304
Dec 1993115,22212.33$12
Nov 1993111,58814.49$14
Oct 199318214,94415.85$2,885
Sep 1993114,52115.03$15
Aug 1993015,10815.66$0
Jul 199317514,28915.46$2,706
Jun 1993015,73616.79$0
May 1993015,47317.68$0
Apr 199317916,22018.05$3,231
Mar 1993016,14418.14$0
Feb 199317916,12117.90$3,204
Jan 1993018,83816.93$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                  205 Mcf  × $  3.05 =       $624

────────────────────────────────────────────────────
Month total                                     $731

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/125746 is the state's own key, not one this site invented.