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 132424District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$173 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 Gas112001-08-20144474
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
CondensateDisposition6,597 bbl$231,792
GasProduction2,622,332 Mcf$9,481,146
Total$9,712,937

360,673 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 27.3462, -99.4478. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34617, -99.44780 · 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
8,300 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 8,300 ft.

Completions filed
Oct 1995
1 of 1 wells

1 well

42-47934908398,300 ftOct 1995

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 2026123,447106.413.05$11,776
Apr 2026113,77898.932.87$11,930
Mar 2026142,70089.753.15$9,760
Feb 202602,27763.503.75$8,539
Jan 2026163,36859.138.00$27,883
Dec 2025163,73656.664.41$17,395
Nov 2025173,63358.593.93$15,261
Oct 2025163,78159.383.30$13,446
Sep 2025173,50162.743.08$11,839
Aug 2025174,56363.933.01$14,843
Jul 2025183,93966.743.32$14,260
Jun 2025194,77766.483.13$16,209
May 2025205,20660.553.23$18,038
Apr 2025205,22562.363.54$19,760
Mar 2025205,18367.704.27$23,477
Feb 2025134,71870.884.34$21,402
Jan 202522,87774.324.28$12,458
Dec 2024171,37868.993.12$5,474
Nov 20241996469.052.20$3,431
Oct 2024155,06071.372.28$12,614
Sep 2024115,15669.612.36$12,956
Aug 2024323,93675.632.06$10,543
Jul 2024194,33579.932.15$10,824
Jun 2024454,48478.082.63$15,324
May 2024195,55678.812.20$13,712
Apr 2024115,53184.451.66$10,106
Mar 202441,47780.301.55$2,603
Feb 202471,74576.091.78$3,645
Jan 202482,29973.023.30$8,165
Dec 2023132,35271.262.61$7,067
Nov 202371,99577.892.81$6,146
Oct 202372,08085.443.09$7,020
Sep 2023152,27589.042.74$7,558
Aug 202372,46180.522.67$7,142
Jul 2023142,57174.852.64$7,840
Jun 202382,36268.962.26$5,886
May 2023162,47670.622.23$6,645
Apr 202382,30678.122.24$5,785
Mar 202392,45572.852.39$6,531
Feb 202371,83275.112.47$5,043
Jan 202372,47076.533.39$8,903
Dec 2022202,38776.415.73$15,204
Nov 202292,37085.005.65$14,146
Oct 2022162,52187.185.86$16,177
Sep 202282,57284.888.16$21,676
Aug 202282,51694.529.13$23,720
Jul 202272,570101.587.54$20,094
Jun 2022152,511115.097.98$21,757
May 202282,731109.378.43$23,906
Apr 202272,728104.226.84$19,383
Mar 2022142,854108.885.08$16,012
Feb 2022142,45791.054.86$13,213
Jan 202272,76481.844.54$13,115
Dec 202192,52471.323.90$10,483
Nov 202101,86777.435.24$9,777
Oct 2021222,36979.795.71$15,292
Sep 2021103,20369.865.35$17,838
Aug 2021173,28766.024.22$14,995
Jul 202162,83470.783.98$11,710
Jun 202162,50569.493.38$8,885
May 2021152,45063.483.02$8,345
Apr 2021162,86060.362.76$8,855
Mar 2021163,01261.302.72$9,164
Feb 202182,42157.805.55$13,894
Jan 202172,81850.412.81$8,272
Dec 202082,69244.642.68$7,559
Nov 2020202,87738.772.71$8,562
Oct 2020133,16836.972.48$8,332
Sep 202082,59937.091.99$5,471
Aug 202091,57139.982.39$4,107
Jul 202041,58638.371.83$3,048
Jun 2020982234.901.69$1,704
May 202041,64716.921.81$3,057
Apr 202071,30214.751.80$2,453
Mar 202081,24230.341.86$2,548
Feb 202091,83249.881.98$4,078
Jan 202052,44357.252.09$5,404
Dec 2019142,46159.012.30$6,497
Nov 201951,98055.302.75$5,723
Oct 201961,92853.472.42$4,984
Sep 2019132,30755.052.66$6,846
Aug 2019152,46953.112.30$6,486
Jul 201962,60156.272.46$6,736
Jun 201962,39752.782.49$6,288
May 2019142,32558.482.74$7,190
Apr 201972,21162.632.75$6,520
Mar 2019112,57956.803.06$8,522
Feb 201912,16950.852.79$6,107
Jan 2019025946.033.23$836
Dec 201844146.594.19$358
Nov 2018519152.934.24$1,074
Oct 201861,42361.443.40$5,204
Sep 2018202,57159.543.11$9,181
Aug 201802,84659.403.07$8,727
Jul 201833,28965.142.93$9,838
Jun 201801,55360.183.08$4,778
May 201806065.382.90$174
Apr 201805863.842.90$168
Mar 2018015361.222.79$426
Feb 201801061.782.77$28
Jan 2018120262.874.01$873
Dec 2017058757.272.92$1,715
Nov 201737255.423.12$391
Oct 2017023149.292.98$689
Sep 201701,83347.523.09$5,659
Aug 201702,52945.373.00$7,598
Jul 201703,04143.873.09$9,388
Jun 201704,89542.493.09$15,112
May 201733,88145.373.26$12,801
Apr 201703,63047.933.21$11,658
Mar 201704,14046.772.98$12,352
Feb 201704,14750.452.95$12,244
Jan 201704,57249.413.42$15,631
Dec 201605,14448.763.72$19,150
Nov 201604,58342.492.64$12,119
Oct 201605,18346.193.09$16,017
Sep 201605,23241.553.10$16,223
Aug 201605,17341.442.92$15,128
Jul 201604,07541.622.92$11,917
Jun 201604,51845.352.69$12,135
May 201605,22442.521.99$10,401
Apr 201604,25936.561.99$8,480
Mar 201604,77433.011.79$8,565
Feb 201673,46526.472.06$7,336
Jan 201603,84527.352.36$9,091
Dec 201504,39132.362.00$8,788
Nov 201503,96238.792.17$8,587
Oct 201504,56043.552.43$11,065
Sep 201504,32742.992.76$11,936
Aug 201504,56640.162.87$13,116
Jul 201504,42648.152.95$13,035
Jun 201503,97756.152.88$11,465
May 201504,54955.212.96$13,444
Apr 201504,18149.822.71$11,316
Mar 201504,20842.892.93$12,349
Feb 201502,57044.662.98$7,649
Jan 201504,02243.433.10$12,471
Dec 201404,01554.693.59$14,419
Nov 201404,90870.464.25$20,868
Oct 201404,21078.303.90$16,423
Sep 201404,74286.164.05$19,183
Aug 201405,22489.394.04$21,079
Jul 201405,06296.564.18$21,157
Jun 201405,47098.164.74$25,911
May 201405,17094.734.73$24,436
Apr 201404,77495.944.81$22,959
Mar 201405,02095.895.06$25,385
Feb 201404,63697.406.19$28,706
Jan 201406,18290.404.86$30,049
Dec 201302,26891.824.35$9,876
Nov 201305,72588.853.74$21,402
Oct 201305,82597.423.78$22,015
Sep 201305,577104.113.72$20,734
Aug 201304,419104.253.52$15,566
Jul 201305,976102.523.72$22,217
Jun 201305,91894.403.93$23,278
May 201305,34794.834.15$22,185
Apr 201306,15393.964.28$26,351
Mar 201305,60793.623.91$21,939
Feb 201304,19291.233.42$14,336
Jan 201305,77091.603.42$19,733
Dec 201206,63886.773.42$22,703
Nov 201204,83186.953.62$17,512
Oct 201205,49389.383.40$18,674
Sep 201206,36294.672.92$18,567
Aug 201206,83192.662.91$19,866
Jul 201205685.133.02$169
Jun 201226,59879.822.52$16,780
May 201206,71591.612.49$16,709
Apr 201205,761101.652.00$11,504
Mar 201225,502105.052.22$12,436
Feb 201204,903101.102.57$12,602
Jan 201205,88898.092.73$16,098
Dec 201106,09896.873.24$19,756
Nov 201105,92595.723.31$19,619
Oct 201105,80084.983.65$21,162
Sep 201106,32783.623.99$25,218
Aug 201105,39283.404.15$22,373
Jul 201184,64294.144.52$21,722
Jun 201105,93392.904.64$27,528
May 201105,72998.134.40$25,235
Apr 201106,571105.964.33$28,474
Mar 201105,53796.364.06$22,465
Feb 201154,49085.644.18$19,196
Jan 201108,09986.504.59$37,165
Dec 201006,89185.734.35$29,960
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100872.633.98$32
Aug 201001,99473.684.42$8,812
Jul 201003,59372.554.74$17,018
Jun 201003,49070.364.91$17,137
May 201003,34971.124.24$14,184
Apr 201003,46381.694.12$14,277
Mar 201003,86978.394.39$16,980
Feb 201003,91273.585.44$21,291
Jan 201003,98874.365.96$23,785
Dec 200903,79171.445.48$20,789
Nov 200905,54574.593.75$20,802
Oct 200905,37672.544.11$22,097
Sep 200954,68465.543.06$14,683
Aug 200944,35167.423.22$14,273
Jul 200954,16561.133.46$14,735
Jun 200955,49266.163.90$21,722
May 2009105,40554.743.93$21,766
Apr 2009105,70846.773.59$20,945
Mar 200995,57942.144.06$23,024
Feb 200954,91232.814.63$22,921
Jan 200975,10535.865.37$27,670
Dec 2008177,19937.105.98$43,660
Nov 2008136,84055.496.86$47,646
Oct 200866,52175.246.92$45,590
Sep 2008137,172101.767.88$57,817
Aug 2008115,328114.228.48$46,454
Jul 200857,283131.0811.39$83,605
Jun 2008156,184131.3313.03$82,564
May 2008106,757123.1711.57$79,439
Apr 200856,237110.3110.45$65,759
Mar 2008117,182101.909.66$70,528
Feb 200896,33792.538.77$56,412
Jan 200847,09890.388.21$58,606
Dec 200784,81588.337.30$35,866
Nov 200705,60391.677.29$40,855
Oct 2007216,60982.856.92$47,487
Sep 200706,22575.846.24$38,870
Aug 2007146,02469.066.39$39,448
Jul 200776,16370.906.39$39,865
Jun 2007146,14762.007.55$47,268
May 2007136,43258.747.85$51,231
Apr 2007186,30559.617.81$50,285
Mar 2007157,04356.927.30$52,282
Feb 200776,22155.108.22$51,497
Jan 2007146,84350.306.73$46,736
Dec 200676,77456.656.92$47,262
Nov 2006147,32254.207.62$56,534
Oct 2006166,77254.906.01$41,604
Sep 2006137,08460.085.04$36,465
Aug 2006126,52768.717.34$48,732
Jul 2006147,17469.376.34$46,474
Jun 2006157,58466.286.38$49,410
May 2006238,02866.016.42$53,098
Apr 2006228,06264.397.36$60,757
Mar 2006228,33156.707.08$60,255
Feb 2006227,26557.597.75$57,579
Jan 2006338,04760.598.93$73,886
Dec 2005158,22154.9413.42$111,112
Nov 2005169,33354.6910.59$99,697
Oct 2005318,96158.3413.80$125,432
Sep 2005135,09561.4512.08$62,341
Aug 2005349,00361.519.80$90,292
Jul 2005217,51555.697.84$60,114
Jun 2005187,03052.337.38$52,831
May 2005248,33545.226.65$56,523
Apr 2005386,79249.207.36$51,862
Mar 2005648,15050.377.15$61,536
Feb 2005138,12445.226.31$51,866
Jan 2005388,40743.166.32$54,791
Dec 2004968,89239.866.75$63,857
Nov 2004277,56045.286.33$49,081
Oct 20042010,41649.706.52$68,855
Sep 2004118,26543.245.28$44,147
Aug 2004127,08942.375.55$39,857
Jul 2004329,07738.286.08$56,451
Jun 2004178,14436.106.43$53,004
May 2004269,01237.486.49$59,504
Apr 2004138,69434.475.86$51,382
Mar 20042168,32334.365.53$53,449
Feb 2004278,70032.455.51$48,810
Jan 2004307,93632.036.30$50,955
Dec 2003208,18430.266.30$52,178
Nov 2003167,69928.804.60$35,839
Oct 2003127,40728.174.76$35,593
Sep 2003297,49426.314.75$36,355
Aug 2003188,14529.765.13$42,317
Jul 2003177,99529.415.17$41,841
Jun 2003118,26328.565.98$49,751
May 2003288,13526.595.97$49,332
Apr 2003199,60326.675.41$52,433
Mar 2003319,29131.146.10$57,604
Feb 20032108,17833.487.93$71,849
Jan 2003188,80630.315.58$49,701
Dec 2002277,61726.914.85$37,698
Nov 2002277,99324.664.14$33,733
Oct 2002208,60726.464.23$36,929
Sep 2002268,75927.443.64$32,554
Aug 2002228,31225.963.16$26,872
Jul 200209,77824.583.06$29,938
Jun 200208,59623.733.34$28,696
May 200208,72124.663.58$31,256
Apr 200207,92323.653.51$27,828
Mar 200209,31922.003.10$28,914
Feb 200208,53918.222.38$20,286
Jan 200208,84417.172.38$21,011
Dec 200108,93216.932.36$21,119
Nov 200109,54118.072.41$22,951
Oct 200109,77919.782.53$24,730
Sep 200109,47424.262.25$21,329
Aug 200109,05224.873.05$27,637
Jul 200109,36223.933.20$29,931
Jun 200109,07724.563.82$34,712
May 200118710,07525.524.31$48,168
Apr 2001010,77524.685.34$57,488
Mar 2001011,81924.545.38$63,544
Feb 2001011,72127.755.77$67,596
Jan 2001015,47027.478.40$129,929
Dec 200008,55526.889.12$78,043
Nov 200001,47432.215.66$8,340
Oct 2000010,60631.235.15$54,573
Sep 200008,36931.875.19$43,406
Aug 2000011,22729.644.54$50,979
Jul 2000011,43228.534.09$46,754
Jun 200018110,58629.304.40$51,853
May 200009,54427.263.68$35,120
Apr 2000012,27624.513.12$38,252
Mar 2000011,85328.422.86$33,897
Feb 2000011,12327.622.73$30,327
Jan 2000011,49625.272.48$28,516
Dec 199918712,30024.282.42$34,352
Nov 1999011,78923.192.43$28,694
Oct 1999013,32120.982.80$37,348
Sep 1999011,81921.752.62$30,952
Aug 1999012,01019.262.88$34,536
Jul 1999011,26817.892.37$26,732
Jun 1999010,55915.942.36$24,941
May 1999012,72015.792.32$29,523
Apr 1999011,45015.102.21$25,282
Mar 1999012,84512.471.84$23,613
Feb 1999012,9319.981.82$23,506
Jan 199917912,90410.381.90$26,375
Dec 1998013,0529.201.77$23,145
Nov 1998013,82610.892.19$30,220
Oct 1998015,31212.421.97$30,153
Sep 1998015,07312.592.08$31,391
Aug 1998015,54611.301.91$29,652
Jul 199817615,70211.742.24$37,196
Jun 1998015,64311.242.24$34,998
May 1998016,27612.622.21$35,910
Apr 1998016,11513.042.51$40,373
Mar 1998017,79112.802.31$41,087
Feb 199819016,28613.952.30$40,094
Jan 199821818,77814.702.15$43,667
Dec 1997019,85516.322.41$47,872
Nov 199711316,18218.193.09$52,030
Oct 199719519,69819.253.15$65,799
Sep 199712921,38117.742.95$65,467
Aug 19978624,72217.862.55$64,694
Jul 1997025,46317.582.25$57,214
Jun 1997025,46317.242.26$57,475
May 199718023,30318.972.31$57,210
Apr 1997025,46717.882.08$53,042
Mar 1997026,82918.951.94$52,025
Feb 1997025,32120.492.21$55,856
Jan 199719833,20823.483.54$122,195
Dec 1996027,84223.32$0
Nov 1996015,44621.97$0
Oct 1996015,52423.31$0
Sep 1996016,05022.22$0
Aug 199615616,76820.26$3,161
Jul 1996017,21119.55$0
Jun 1996018,03018.73$0
May 1996019,35019.43$0
Apr 199616520,00621.51$3,549
Mar 199621421,04819.38$4,147
Feb 199611419,26616.98$1,936
Jan 199624324,06417.07$4,148
Dec 199512929,62717.19$2,218
Nov 199512731,12816.00$2,032
Oct 1995027,51215.43$0
Sep 199501,16816.18$0
Aug 19951241,23415.92$1,974
Jul 199501,09615.24$0
Jun 1995884716.41$131
May 1995080017.56$0
Apr 1995078917.73$0
Mar 1995082916.44$0
Feb 1995581,01416.58$962
Jan 199501,23715.92$0
Dec 199401,20515.03$0
Nov 199401,23515.90$0
Oct 199401,06215.58$0
Sep 199401,02715.29$0
Aug 199401,23616.13$0
Jul 199401,19617.56$0
Jun 199401,19817.09$0
May 199411,19715.88$16
Apr 199401,27714.14$0
Mar 1994095712.46$0
Feb 1994090512.50$0
Jan 199411,31012.66$13
Dec 199301,49612.33$0
Nov 199321,40014.49$29
Oct 199301,33415.85$0
Sep 199301,41215.03$0
Aug 199301,49315.66$0
Jul 199301,52115.46$0
Jun 199301,82416.79$0
May 199301,47317.68$0
Apr 199301,51318.05$0
Mar 199311,97318.14$18
Feb 199301,84517.90$0
Jan 199301,69816.93$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            12 bbl  × $106.41 =     $1,277
Gas                3,447 Mcf  × $  3.05 =    $10,499

────────────────────────────────────────────────────
Month total                                  $11,776

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/132424 is the state's own key, not one this site invented.