HEREFORD -T-

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 126168District 04Field 05993600NGPA filingCondensateGasSaveExport
Value, all time
$2.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$22 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
CondensateDisposition5,623 bbl$116,530
GasProduction1,439,680 Mcf$2,554,097
Total$2,670,627

763,603 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 27.3607, -99.4256. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.36066, -99.42557 · 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
8,500 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 8,500 ft.

Completions filed
Dec 1987
1 of 1 wells

1 well

42-47934511208,500 ftDec 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 20263523106.413.05$1,912
Apr 2026354598.932.87$1,861
Mar 2026245389.753.15$1,606
Feb 2026041163.503.75$1,541
Jan 2026251059.138.00$4,197
Dec 2025255756.664.41$2,572
Nov 2025251258.593.93$2,128
Oct 2025241459.383.30$1,487
Sep 2025139662.743.08$1,281
Aug 2025138363.933.01$1,219
Jul 2025136966.743.32$1,290
Jun 2025132966.483.13$1,096
May 2025235860.553.23$1,278
Apr 2025235762.363.54$1,390
Mar 2025332267.704.27$1,578
Feb 2025433470.884.34$1,733
Jan 2025246274.324.28$2,125
Dec 2024442068.993.12$1,587
Nov 2024247569.052.20$1,182
Oct 2024248871.372.28$1,256
Sep 2024249569.612.36$1,310
Aug 2024349575.632.06$1,248
Jul 2024246679.932.15$1,160
Jun 2024246378.082.63$1,376
May 2024146378.812.20$1,097
Apr 2024346384.451.66$1,022
Mar 2024246980.301.55$885
Feb 2024244476.091.78$944
Jan 2024246273.023.30$1,670
Dec 2023344971.262.61$1,386
Nov 2023245177.892.81$1,422
Oct 2023248985.443.09$1,681
Sep 2023345189.042.74$1,501
Aug 2023249780.522.67$1,489
Jul 2023457574.852.64$1,818
Jun 2023257168.962.26$1,428
May 2023459870.622.23$1,614
Apr 2023255778.122.24$1,403
Mar 2023258472.852.39$1,543
Feb 2023251675.112.47$1,423
Jan 2023262476.533.39$2,267
Dec 2022458276.415.73$3,640
Nov 2022253185.005.65$3,168
Oct 2022354687.185.86$3,463
Sep 2022256484.888.16$4,774
Aug 2022257294.529.13$5,410
Jul 20222590101.587.54$4,653
Jun 20223575115.097.98$4,932
May 20222629109.378.43$5,523
Apr 20222593104.226.84$4,263
Mar 20224621108.885.08$3,588
Feb 2022460991.054.86$3,323
Jan 2022272881.844.54$3,467
Dec 2021275271.323.90$3,075
Nov 2021061277.435.24$3,205
Oct 2021452579.795.71$3,319
Sep 2021269969.865.35$3,880
Aug 2021474466.024.22$3,404
Jul 2021269570.783.98$2,909
Jun 2021268769.493.38$2,461
May 2021469963.483.02$2,363
Apr 2021470260.362.76$2,178
Mar 2021475161.302.72$2,286
Feb 2021263957.805.55$3,661
Jan 2021270450.412.81$2,079
Dec 2020268444.642.68$1,919
Nov 2020465738.772.71$1,933
Oct 2020362636.972.48$1,662
Sep 2020362237.091.99$1,350
Aug 2020362339.982.39$1,606
Jul 2020157738.371.83$1,091
Jun 2020358334.901.69$1,090
May 2020156316.921.81$1,039
Apr 2020352614.751.80$993
Mar 2020261330.341.86$1,199
Feb 2020346349.881.98$1,067
Jan 2020247457.252.09$1,107
Dec 2019457859.012.30$1,568
Nov 2019153755.302.75$1,532
Oct 2019150153.472.42$1,265
Sep 2019249155.052.66$1,415
Aug 2019353253.112.30$1,385
Jul 2019148856.272.46$1,257
Jun 2019150252.782.49$1,303
May 2019249258.482.74$1,465
Apr 2019146562.632.75$1,342
Mar 2019250156.803.06$1,648
Feb 2019135950.852.79$1,053
Jan 2019257146.033.23$1,935
Dec 2018357346.594.19$2,538
Nov 2018159952.934.24$2,591
Oct 2018162661.443.40$2,189
Sep 2018461159.543.11$2,137
Aug 2018059059.403.07$1,809
Jul 2018352865.142.93$1,743
Jun 2018156560.183.08$1,799
May 2018059665.382.90$1,729
Apr 2018066763.842.90$1,935
Mar 2018067461.222.79$1,878
Feb 2018051261.782.77$1,416
Jan 2018061962.874.01$2,482
Dec 2017063757.272.92$1,861
Nov 2017061955.423.12$1,930
Oct 2017062049.292.98$1,850
Sep 2017070047.523.09$2,161
Aug 2017060645.373.00$1,821
Jul 2017065143.873.09$2,010
Jun 2017073442.493.09$2,266
May 2017070645.373.26$2,304
Apr 2017059247.933.21$1,901
Mar 2017073746.772.98$2,199
Feb 2017064050.452.95$1,890
Jan 2017065349.413.42$2,232
Dec 2016062148.763.72$2,312
Nov 2016060642.492.64$1,602
Oct 2016059246.193.09$1,829
Sep 2016059941.553.10$1,857
Aug 2016064441.442.92$1,883
Jul 2016050741.622.92$1,483
Jun 2016063445.352.69$1,703
May 2016057242.521.99$1,139
Apr 2016069436.561.99$1,382
Mar 201601,19933.011.79$2,151
Feb 201621,10726.472.06$2,337
Jan 201601,22927.352.36$2,906
Dec 201501,28532.362.00$2,572
Nov 201501,28338.792.17$2,781
Oct 201501,40643.552.43$3,412
Sep 201501,41442.992.76$3,900
Aug 201501,43440.162.87$4,119
Jul 201501,53448.152.95$4,518
Jun 201501,19656.152.88$3,448
May 201501,20455.212.96$3,558
Apr 201501,16649.822.71$3,156
Mar 201501,12242.892.93$3,293
Feb 201501,06844.662.98$3,179
Jan 201501,21443.433.10$3,764
Dec 201401,06754.693.59$3,832
Nov 201401,28070.464.25$5,442
Oct 201401,38578.303.90$5,403
Sep 201401,39186.164.05$5,627
Aug 201401,43189.394.04$5,774
Jul 201401,29596.564.18$5,413
Jun 201401,31198.164.74$6,210
May 201401,28394.734.73$6,064
Apr 201401,32095.944.81$6,348
Mar 201401,21995.895.06$6,164
Feb 201401,06297.406.19$6,576
Jan 201401,27390.404.86$6,188
Dec 201301,31491.824.35$5,722
Nov 201301,29588.853.74$4,841
Oct 201301,15197.423.78$4,350
Sep 201301,247104.113.72$4,636
Aug 20130998104.253.52$3,516
Jul 201301,398102.523.72$5,197
Jun 201301,36394.403.93$5,361
May 201301,28494.834.15$5,327
Apr 201301,25893.964.28$5,388
Mar 201301,35993.623.91$5,318
Feb 201301,02391.233.42$3,499
Jan 201301,18091.603.42$4,035
Dec 201201,21986.773.42$4,169
Nov 201201,23786.953.62$4,484
Oct 201201,10689.383.40$3,760
Sep 2012079894.672.92$2,329
Aug 2012085292.662.91$2,478
Jul 20120985.133.02$27
Jun 2012177579.822.52$2,032
May 2012079291.612.49$1,971
Apr 20120861101.652.00$1,719
Mar 20120974105.052.22$2,164
Feb 20120915101.102.57$2,352
Jan 2012093898.092.73$2,565
Dec 201101,01496.873.24$3,285
Nov 201101,02195.723.31$3,381
Oct 201101,05384.983.65$3,842
Sep 2011061283.623.99$2,439
Aug 2011091583.404.15$3,797
Jul 201121,05394.144.52$4,945
Jun 2011098692.904.64$4,575
May 2011095098.134.40$4,185
Apr 20110970105.964.33$4,203
Mar 201101,03896.364.06$4,212
Feb 2011189885.644.18$3,839
Jan 2011097686.504.59$4,479
Dec 2010096785.734.35$4,204
Nov 201001,00180.843.80$3,799
Oct 201001,02678.103.51$3,600
Sep 2010095772.633.98$3,808
Aug 201001,02873.684.42$4,543
Jul 201001,02272.554.74$4,841
Jun 201001,04670.364.91$5,136
May 2010098671.124.24$4,176
Apr 2010099081.694.12$4,081
Mar 2010099678.394.39$4,371
Feb 2010082573.585.44$4,490
Jan 2010094674.365.96$5,642
Dec 2009099771.445.48$5,467
Nov 200901,54574.593.75$5,796
Oct 200901,14572.544.11$4,706
Sep 200911,10465.543.06$3,449
Aug 200911,21067.423.22$3,962
Jul 200911,19261.133.46$4,191
Jun 2009199266.163.90$3,930
May 2009294554.743.93$3,819
Apr 2009296346.773.59$3,548
Mar 2009297342.144.06$4,034
Feb 2009198632.814.63$4,601
Jan 200911,04335.865.37$5,638
Dec 200831,14237.105.98$6,937
Nov 2008299455.496.86$6,930
Oct 200811,14475.246.92$7,994
Sep 200821,017101.767.88$8,215
Aug 200821,070114.228.48$9,305
Jul 200811,193131.0811.39$13,719
Jun 200821,008131.3313.03$13,400
May 200821,152123.1711.57$13,580
Apr 200811,196110.3110.45$12,614
Mar 200821,221101.909.66$12,004
Feb 200811,07492.538.77$9,512
Jan 200811,08890.388.21$9,018
Dec 200721,14588.337.30$8,537
Nov 200701,07691.677.29$7,846
Oct 200741,16582.856.92$8,396
Sep 200701,09575.846.24$6,837
Aug 200721,02369.066.39$6,673
Jul 200711,03470.906.39$6,676
Jun 2007285362.007.55$6,563
May 2007175158.747.85$5,951
Apr 2007276759.617.81$6,106
Mar 2007283756.927.30$6,226
Feb 2007173955.108.22$6,127
Jan 2007275850.306.73$5,200
Dec 2006183656.656.92$5,840
Nov 2006281054.207.62$6,279
Oct 2006285454.906.01$5,246
Sep 2006288660.085.04$4,583
Aug 2006289268.717.34$6,685
Jul 2006296869.376.34$6,279
Jun 2006297166.286.38$6,331
May 200631,00566.016.42$6,655
Apr 200641,52064.397.36$11,445
Mar 200651,75656.707.08$12,721
Feb 200641,44957.597.75$11,462
Jan 200661,68660.598.93$15,425
Dec 200521,24254.9413.42$16,772
Nov 200521,17254.6910.59$12,519
Oct 200551,31058.3413.80$18,364
Sep 2005298861.4512.08$12,057
Aug 200551,17561.519.80$11,819
Jul 200541,36955.697.84$10,961
Jun 200531,26952.337.38$9,524
May 200551,60445.226.65$10,895
Apr 200581,57349.207.36$11,972
Mar 200541,41250.377.15$10,304
Feb 200521,24845.226.31$7,968
Jan 200561,25943.166.32$8,219
Dec 2004111,29339.866.75$9,168
Nov 200431,17245.286.33$7,555
Oct 200431,31249.706.52$8,697
Sep 200421,32343.245.28$7,077
Aug 200421,33942.375.55$7,517
Jul 200451,29038.286.08$8,040
Jun 200421,29836.106.43$8,422
May 200441,33337.486.49$8,807
Apr 200421,34434.475.86$7,943
Mar 200421,42834.365.53$7,966
Feb 200461,47132.455.51$8,299
Jan 2004112,38732.036.30$15,390
Dec 200363,24430.266.30$20,624
Nov 200352,13628.804.60$9,959
Oct 200352,18528.174.76$10,541
Sep 2003123,57326.314.75$17,285
Aug 200333,01729.765.13$15,566
Jul 200331,18629.415.17$6,221
Jun 200331,35528.565.98$8,193
May 20031592,03526.595.97$16,382
Apr 200372,00926.675.41$11,050
Mar 2003133,89631.146.10$24,155
Feb 2003133,41233.487.93$27,478
Jan 2003103,75330.315.58$21,253
Dec 2002144,40426.914.85$21,753
Nov 2002134,12324.664.14$17,377
Oct 200293,90826.464.23$16,766
Sep 2002144,77227.443.64$17,731
Aug 2002134,81825.963.16$15,582
Jul 200205,10524.583.06$15,630
Jun 200204,64323.733.34$15,499
May 200204,05424.663.58$14,530
Apr 200202,80923.653.51$9,866
Mar 200202,57622.003.10$7,993
Feb 200203,48218.222.38$8,272
Jan 200204,00617.172.38$9,517
Dec 200104,55816.932.36$10,777
Nov 200104,47318.072.41$10,760
Oct 200102,88619.782.53$7,298
Sep 200104,33924.262.25$9,768
Aug 200104,88124.873.05$14,902
Jul 200104,68123.933.20$14,966
Jun 200104,75724.563.82$18,192
May 200104,71125.524.31$20,292
Apr 200104,39324.685.34$23,438
Mar 200105,02524.545.38$27,017
Feb 20010027.755.77$0
Jan 200104,71727.478.40$39,617
Dec 200005,00326.889.12$45,640
Nov 20001355,55932.215.66$35,801
Oct 200005,22231.235.15$26,870
Sep 200004,96131.875.19$25,730
Aug 200005,60229.644.54$25,437
Jul 200005,67228.534.09$23,197
Jun 200005,58029.304.40$24,537
May 200006,19727.263.68$22,803
Apr 200005,20824.513.12$16,228
Mar 200005,60928.422.86$16,040
Feb 200005,33727.622.73$14,551
Jan 200005,47725.272.48$13,586
Dec 1999516,11724.282.42$16,064
Nov 199905,30423.192.43$12,910
Oct 199905,85320.982.80$16,410
Sep 199905,27221.752.62$13,807
Aug 199904,59119.262.88$13,202
Jul 199904,54717.892.37$10,787
Jun 199902,21515.942.36$5,232
May 199901,96415.792.32$4,558
Apr 199901,77215.102.21$3,913
Mar 199902,04512.471.84$3,759
Feb 199902,9279.981.82$5,321
Jan 199902,75910.381.90$5,242
Dec 199803,2129.201.77$5,696
Nov 199805,07010.892.19$11,082
Oct 199807,14612.421.97$14,072
Sep 199806,21712.592.08$12,948
Aug 199806,56211.301.91$12,516
Jul 199806,17911.742.24$13,824
Jun 199805,98511.242.24$13,390
May 199805,64612.622.21$12,457
Apr 19981496,82113.042.51$19,032
Mar 199808,02112.802.31$18,524
Feb 199806,59113.952.30$15,154
Jan 199809,26314.702.15$19,960
Dec 19971688,41516.322.41$23,031
Nov 199717,70918.193.09$23,826
Oct 199739,38119.253.15$29,606
Sep 199709,12917.742.95$26,975
Aug 1997010,59817.862.55$27,075
Jul 19974011,31117.582.25$26,118
Jun 1997111,31117.242.26$25,548
May 199717211,60018.972.31$30,041
Apr 1997011,11717.882.08$23,154
Mar 1997111,81518.951.94$22,930
Feb 19971649,40920.492.21$24,116
Jan 1997012,07223.483.54$42,731
Dec 1996013,34123.32$0
Nov 1996012,63121.97$0
Oct 19961607,47623.31$3,730
Sep 1996011,85022.22$0
Aug 1996012,28920.26$0
Jul 1996011,50219.55$0
Jun 199613,17318.73$19
May 199603,35019.43$0
Apr 199603,17521.51$0
Mar 199603,65519.38$0
Feb 199603,49916.98$0
Jan 19961514,90317.07$2,578
Dec 1995012,09017.19$0
Nov 199516110,71716.00$2,576
Oct 199534,33315.43$46
Sep 199509,99716.18$0
Aug 1995011,22915.92$0
Jul 199517614,43315.24$2,682
Jun 1995013,66816.41$0
May 1995015,66617.56$0
Apr 199517611,79517.73$3,120
Mar 1995016,18016.44$0
Feb 199518215,58716.58$3,018
Jan 1995017,23715.92$0
Dec 199413317,07515.03$1,999
Nov 199415218,01915.90$2,417
Oct 1994018,75615.58$0
Sep 199412718,58715.29$1,942
Aug 199405,49916.13$0
Jul 199404,86817.56$0
Jun 199411210,59817.09$1,914
May 199419,40915.88$16
Apr 199405,35014.14$0
Mar 199418523,76712.46$2,305
Feb 199415625,93112.50$1,950
Jan 199432728,35612.66$4,140
Dec 19939929,83012.33$1,221
Nov 1993226,09714.49$29
Oct 199317518,28015.85$2,774
Sep 1993018,75815.03$0
Aug 199316416,65315.66$2,568
Jul 199316727,27915.46$2,582
Jun 199317228,61516.79$2,888
May 199317229,42317.68$3,041
Apr 199317630,32718.05$3,177
Mar 199316934,67318.14$3,066
Feb 199317734,90617.90$3,168
Jan 199334938,77116.93$5,909

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                  523 Mcf  × $  3.05 =     $1,593

────────────────────────────────────────────────────
Month total                                   $1,912

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/126168 is the state's own key, not one this site invented.