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 131694District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$839 k
Jan 1993 – May 2026
Value, last 12 filed months
$9 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
High Cost Gas112001-08-20144471
NGPA2none

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
CondensateDisposition973 bbl$25,873
GasProduction401,559 Mcf$812,732
Total$838,605

198,693 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 27.3487, -99.4046. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34872, -99.40463 · 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
Aug 1989
1 of 1 wells

1 well

42-47934874368,200 ftAug 1989

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 20261163106.413.05$603
Apr 2026118898.932.87$638
Mar 2026114989.753.15$559
Feb 2026013463.503.75$503
Jan 2026116459.138.00$1,371
Dec 2025118556.664.41$873
Nov 2025119158.593.93$809
Oct 2025120159.383.30$724
Sep 2025119262.743.08$654
Aug 2025120763.933.01$688
Jul 2025120366.743.32$740
Jun 2025119366.483.13$670
May 2025121960.553.23$768
Apr 2025121662.363.54$828
Mar 2025121367.704.27$977
Feb 2025121070.884.34$982
Jan 2025124374.324.28$1,114
Dec 2024113768.993.12$497
Nov 2024117069.052.20$443
Oct 2024117171.372.28$461
Sep 2024116969.612.36$469
Aug 2024117575.632.06$437
Jul 2024118379.932.15$473
Jun 2024117078.082.63$526
May 2024116078.812.20$431
Apr 2024220684.451.66$511
Mar 2024220580.301.55$477
Feb 2024120576.091.78$442
Jan 2024124073.023.30$864
Dec 2023121771.262.61$638
Nov 2023117777.892.81$575
Oct 2023017685.443.09$543
Sep 2023116989.042.74$551
Aug 2023117480.522.67$546
Jul 2023118374.852.64$558
Jun 2023118968.962.26$496
May 2023118970.622.23$492
Apr 2023118378.122.24$488
Mar 2023120572.852.39$563
Feb 2023124175.112.47$669
Jan 2023123876.533.39$883
Dec 2022122876.415.73$1,383
Nov 2022117885.005.65$1,090
Oct 2022118487.185.86$1,166
Sep 2022118784.888.16$1,611
Aug 2022121994.529.13$2,093
Jul 20221226101.587.54$1,806
Jun 20221224115.097.98$1,902
May 20221247109.378.43$2,192
Apr 20221255104.226.84$1,848
Mar 20222300108.885.08$1,741
Feb 2022228991.054.86$1,586
Jan 2022131381.844.54$1,502
Dec 2021128771.323.90$1,190
Nov 2021021877.435.24$1,142
Oct 2021217479.795.71$1,154
Sep 2021122669.865.35$1,279
Aug 2021124566.024.22$1,100
Jul 2021121970.783.98$943
Jun 2021120669.493.38$766
May 2021121363.483.02$706
Apr 2021121260.362.76$645
Mar 2021123161.302.72$689
Feb 2021121457.805.55$1,245
Jan 2021119850.412.81$607
Dec 2020119444.642.68$564
Nov 2020120738.772.71$599
Oct 2020121936.972.48$580
Sep 2020121937.091.99$473
Aug 2020122639.982.39$579
Jul 2020124338.371.83$482
Jun 2020123734.901.69$436
May 2020125916.921.81$487
Apr 2020125214.751.80$469
Mar 2020126230.341.86$517
Feb 2020120149.881.98$448
Jan 2020123657.252.09$552
Dec 2019223959.012.30$669
Nov 2019124355.302.75$724
Oct 2019125653.472.42$673
Sep 2019125655.052.66$735
Aug 2019227353.112.30$735
Jul 2019127656.272.46$735
Jun 2019127452.782.49$735
May 2019027758.482.74$759
Apr 2019021262.632.75$583
Mar 2019122956.803.06$758
Feb 2019120850.852.79$632
Jan 2019124046.033.23$821
Dec 2018123746.594.19$1,039
Nov 2018124952.934.24$1,108
Oct 2018125261.443.40$918
Sep 2018224959.543.11$893
Aug 2018026059.403.07$797
Jul 2018125565.142.93$813
Jun 2018125460.183.08$842
May 2018025265.382.90$731
Apr 2018028063.842.90$812
Mar 2018031261.222.79$869
Feb 2018029061.782.77$802
Jan 2018031762.874.01$1,271
Dec 2017027857.272.92$812
Nov 2017026855.423.12$836
Oct 2017028349.292.98$844
Sep 2017030547.523.09$942
Aug 2017031445.373.00$943
Jul 2017032043.873.09$988
Jun 2017032142.493.09$991
May 2017034845.373.26$1,136
Apr 2017025147.933.21$806
Mar 2017031046.772.98$925
Feb 2017027450.452.95$809
Jan 2017026449.413.42$903
Dec 2016023848.763.72$886
Nov 2016027142.492.64$717
Oct 2016033146.193.09$1,023
Sep 2016033041.553.10$1,023
Aug 2016032241.442.92$942
Jul 2016025841.622.92$754
Jun 2016033345.352.69$894
May 2016036342.521.99$723
Apr 2016019436.561.99$386
Mar 201615933.011.79$139
Feb 2016022426.472.06$462
Jan 2016024827.352.36$586
Dec 2015029132.362.00$582
Nov 2015025538.792.17$553
Oct 2015028443.552.43$689
Sep 2015028542.992.76$786
Aug 2015029540.162.87$847
Jul 2015026448.152.95$778
Jun 2015027356.152.88$787
May 2015024355.212.96$718
Apr 2015033249.822.71$899
Mar 2015036642.892.93$1,074
Feb 2015027744.662.98$824
Jan 2015044543.433.10$1,380
Dec 2014036654.693.59$1,314
Nov 2014037870.464.25$1,607
Oct 2014030378.303.90$1,182
Sep 2014038286.164.05$1,545
Aug 2014037189.394.04$1,497
Jul 2014036296.564.18$1,513
Jun 2014034998.164.74$1,653
May 2014032194.734.73$1,517
Apr 2014035195.944.81$1,688
Mar 2014037395.895.06$1,886
Feb 2014035497.406.19$2,192
Jan 2014039590.404.86$1,920
Dec 2013033391.824.35$1,450
Nov 2013039888.853.74$1,488
Oct 2013046597.423.78$1,757
Sep 20130381104.113.72$1,416
Aug 20130551104.253.52$1,941
Jul 20130390102.523.72$1,450
Jun 2013036094.403.93$1,416
May 2013035594.834.15$1,473
Apr 2013038593.964.28$1,649
Mar 2013037693.623.91$1,471
Feb 2013067691.233.42$2,312
Jan 2013036891.603.42$1,259
Dec 2012032986.773.42$1,125
Nov 2012029586.953.62$1,069
Oct 2012034389.383.40$1,166
Sep 2012035494.672.92$1,033
Aug 2012042492.662.91$1,233
Jul 20120485.133.02$12
Jun 2012143379.822.52$1,171
May 2012042491.612.49$1,055
Apr 20120385101.652.00$769
Mar 20120433105.052.22$962
Feb 20120396101.102.57$1,018
Jan 2012038698.092.73$1,055
Dec 2011038796.873.24$1,254
Nov 2011036795.723.31$1,215
Oct 2011041684.983.65$1,518
Sep 2011041383.623.99$1,646
Aug 2011033983.404.15$1,407
Jul 2011038494.144.52$1,735
Jun 2011037592.904.64$1,740
May 2011035898.134.40$1,577
Apr 20110350105.964.33$1,517
Mar 2011034396.364.06$1,392
Feb 2011031885.644.18$1,329
Jan 2011037886.504.59$1,735
Dec 2010036585.734.35$1,587
Nov 2010035780.843.80$1,355
Oct 2010037178.103.51$1,302
Sep 2010038572.633.98$1,532
Aug 2010042373.684.42$1,869
Jul 2010037972.554.74$1,795
Jun 2010035170.364.91$1,724
May 2010035771.124.24$1,512
Apr 2010037881.694.12$1,558
Mar 2010035878.394.39$1,571
Feb 2010043273.585.44$2,351
Jan 2010040574.365.96$2,415
Dec 2009043571.445.48$2,385
Nov 2009035874.593.75$1,343
Oct 2009040072.544.11$1,644
Sep 2009042565.543.06$1,303
Aug 2009043067.423.22$1,384
Jul 2009043661.133.46$1,511
Jun 2009046666.163.90$1,815
May 2009143054.743.93$1,743
Apr 2009141446.773.59$1,532
Mar 2009138842.144.06$1,617
Feb 2009037332.814.63$1,728
Jan 2009040835.865.37$2,191
Dec 2008144137.105.98$2,673
Nov 2008141655.496.86$2,909
Oct 2008045175.246.92$3,122
Sep 20081448101.767.88$3,631
Aug 20081448114.228.48$3,915
Jul 20081462131.0811.39$5,393
Jun 20081450131.3313.03$5,996
May 20081472123.1711.57$5,586
Apr 20080423110.3110.45$4,422
Mar 20081455101.909.66$4,499
Feb 2008140892.538.77$3,671
Jan 2008146290.388.21$3,881
Dec 2007143788.337.30$3,279
Nov 2007041791.677.29$3,041
Oct 2007351782.856.92$3,827
Sep 2007048575.846.24$3,028
Aug 2007144369.066.39$2,899
Jul 2007149770.906.39$3,246
Jun 2007147562.007.55$3,648
May 2007150458.747.85$4,013
Apr 2007247959.617.81$3,858
Mar 2007149556.927.30$3,671
Feb 2007143855.108.22$3,654
Jan 2007149450.306.73$3,373
Dec 2006251656.656.92$3,683
Nov 2006153554.207.62$4,130
Oct 2006039154.906.01$2,351
Sep 2006249760.085.04$2,624
Aug 2006153868.717.34$4,018
Jul 2006151569.376.34$3,336
Jun 2006147766.286.38$3,111
May 2006151666.016.42$3,381
Apr 2006154264.397.36$4,054
Mar 2006251756.707.08$3,775
Feb 2006347057.597.75$3,816
Jan 2006356860.598.93$5,256
Dec 2005162654.9413.42$8,453
Nov 2005262854.6910.59$6,759
Oct 2005269158.3413.80$9,650
Sep 2005152061.4512.08$6,343
Aug 2005360761.519.80$6,131
Jul 2005155755.697.84$4,425
Jun 2005159652.337.38$4,451
May 2005153245.226.65$3,584
Apr 2005451849.207.36$4,010
Mar 2005259850.377.15$4,379
Feb 2005361045.226.31$3,986
Jan 2005175443.166.32$4,810
Dec 2004481539.866.75$5,662
Nov 2004170145.286.33$4,483
Oct 2004168749.706.52$4,526
Sep 2004260243.245.28$3,267
Aug 2004162842.375.55$3,528
Jul 2004173538.286.08$4,510
Jun 2004168036.106.43$4,411
May 2004370437.486.49$4,685
Apr 2004168134.475.86$4,024
Mar 2004373234.365.53$4,151
Feb 2004272632.455.51$4,065
Jan 2004376232.036.30$4,896
Dec 2003379930.266.30$5,126
Nov 2003279328.804.60$3,702
Oct 2003382628.174.76$4,016
Sep 2003271426.314.75$3,444
Aug 2003279129.765.13$4,117
Jul 2003276329.415.17$4,004
Jun 2003177828.565.98$4,683
May 2003481526.595.97$4,974
Apr 2003283426.675.41$4,563
Mar 2003583331.146.10$5,234
Feb 2003474733.487.93$6,055
Jan 2003488030.315.58$5,033
Dec 2002372126.914.85$3,580
Nov 2002470524.664.14$3,015
Oct 2002278626.464.23$3,377
Sep 2002283927.443.64$3,105
Aug 2002272225.963.16$2,336
Jul 2002077524.583.06$2,373
Jun 2002087823.733.34$2,931
May 2002087424.663.58$3,132
Apr 2002089823.653.51$3,154
Mar 2002097522.003.10$3,025
Feb 2002086718.222.38$2,060
Jan 200201,01617.172.38$2,414
Dec 2001096416.932.36$2,279
Nov 200101,00818.072.41$2,425
Oct 200101,03219.782.53$2,610
Sep 2001096824.262.25$2,179
Aug 200101,00024.873.05$3,053
Jul 200101,01323.933.20$3,239
Jun 2001091324.563.82$3,491
May 2001089725.524.31$3,864
Apr 2001092224.685.34$4,919
Mar 2001098824.545.38$5,312
Feb 20010027.755.77$0
Jan 200101,10127.478.40$9,247
Dec 200001,12326.889.12$10,245
Nov 200001,13032.215.66$6,394
Oct 200001,53231.235.15$7,883
Sep 200001,29831.875.19$6,732
Aug 200001,15129.644.54$5,226
Jul 200001,16628.534.09$4,769
Jun 200001,21629.304.40$5,347
May 200001,15027.263.68$4,232
Apr 200001,24224.513.12$3,870
Mar 200001,30428.422.86$3,729
Feb 200001,15627.622.73$3,152
Jan 200001,21325.272.48$3,009
Dec 199901,37724.282.42$3,337
Nov 199901,35923.192.43$3,308
Oct 199901,43920.982.80$4,035
Sep 199901,34421.752.62$3,520
Aug 199901,52819.262.88$4,394
Jul 199901,49317.892.37$3,542
Jun 199901,49415.942.36$3,529
May 199901,49115.792.32$3,461
Apr 199901,46415.102.21$3,233
Mar 199901,56012.471.84$2,868
Feb 199901,7059.981.82$3,099
Jan 199901,55510.381.90$2,954
Dec 199801,4929.201.77$2,646
Nov 199801,50910.892.19$3,298
Oct 199801,72212.421.97$3,391
Sep 199801,78412.592.08$3,715
Aug 199801,58911.301.91$3,031
Jul 199801,79011.742.24$4,005
Jun 199801,75911.242.24$3,935
May 199801,79112.622.21$3,952
Apr 199871,84213.042.51$4,706
Mar 199801,96412.802.31$4,536
Feb 1998461,72013.952.30$4,596
Jan 199802,07014.702.15$4,460
Dec 199702,11816.322.41$5,107
Nov 199701,99618.193.09$6,164
Oct 199702,03119.253.15$6,397
Sep 199701,98217.742.95$5,857
Aug 199702,24717.862.55$5,741
Jul 199702,32017.582.25$5,213
Jun 199702,32017.242.26$5,237
May 199702,13418.972.31$4,926
Apr 199702,09517.882.08$4,363
Mar 199702,32118.951.94$4,501
Feb 199702,19520.492.21$4,842
Jan 199702,30223.483.54$8,148
Dec 199602,24623.32$0
Nov 199602,28221.97$0
Oct 199602,49023.31$0
Sep 199602,48622.22$0
Aug 199602,64620.26$0
Jul 199602,13719.55$0
Jun 199603,47718.73$0
May 199602,11319.43$0
Apr 199602,22621.51$0
Mar 199602,36219.38$0
Feb 199602,31416.98$0
Jan 199602,68217.07$0
Dec 199502,61817.19$0
Nov 199502,40216.00$0
Oct 199503,11415.43$0
Sep 199502,74516.18$0
Aug 199502,48015.92$0
Jul 199503,21815.24$0
Jun 199533,19116.41$49
May 199503,32117.56$0
Apr 19951833,26517.73$3,245
Mar 199503,57216.44$0
Feb 199513,14316.58$17
Jan 199503,47415.92$0
Dec 199402,94415.03$0
Nov 199403,10415.90$0
Oct 199403,31215.58$0
Sep 199403,12715.29$0
Aug 199403,13416.13$0
Jul 199403,57617.56$0
Jun 199403,39617.09$0
May 199403,45415.88$0
Apr 199403,43914.14$0
Mar 199403,83112.46$0
Feb 199413,46312.50$13
Jan 199403,51912.66$0
Dec 199304,38212.33$0
Nov 199304,57214.49$0
Oct 199304,23215.85$0
Sep 199304,38015.03$0
Aug 199304,68915.66$0
Jul 199306,52915.46$0
Jun 19931538,50516.79$2,569
May 199309,08217.68$0
Apr 1993011,89618.05$0
Mar 199316711,09218.14$3,029
Feb 199308,77917.90$0
Jan 199317614,25216.93$2,980

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                  163 Mcf  × $  3.05 =       $496

────────────────────────────────────────────────────
Month total                                     $603

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/131694 is the state's own key, not one this site invented.