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 136489District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 Gas112001-08-20144476
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
CondensateDisposition4,757 bbl$107,750
GasProduction1,310,673 Mcf$3,163,062
Total$3,270,812

607,006 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 27.3536, -99.4017. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35363, -99.40165 · 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
8,100 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 8,100 ft.

Completions filed
Nov 1990
1 of 1 wells

1 well

42-47935083418,100 ftNov 1990

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20234072.852.39$291
Feb 2023759075.112.47$1,981
Jan 202332,45876.533.39$8,557
Dec 202231,90576.415.73$11,143
Nov 20220085.005.65$0
Oct 202201387.185.86$76
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202206101.587.54$45
Jun 2022010115.097.98$80
May 202226109.378.43$269
Apr 20225587104.226.84$4,535
Mar 202245,376108.885.08$27,726
Feb 202221,46191.054.86$7,281
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201220105.052.22$210
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20111085.644.18$86
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100171.124.24$4
Apr 201001581.694.12$62
Mar 201001678.394.39$70
Feb 201001473.585.44$76
Jan 201001774.365.96$101
Dec 200901671.445.48$88
Nov 200901474.593.75$53
Oct 2009025172.544.11$1,032
Sep 200911,29265.543.06$4,025
Aug 20091167.423.22$71
Jul 200911,16461.133.46$4,094
Jun 200911,62366.163.90$6,388
May 200981,63354.743.93$6,849
Apr 200921,15946.773.59$4,251
Mar 200941,39342.144.06$5,823
Feb 200942,50632.814.63$11,742
Jan 200943,77435.865.37$20,414
Dec 2008104,19137.105.98$25,421
Nov 200873,83555.496.86$26,698
Oct 200844,12875.246.92$28,875
Sep 200884,113101.767.88$33,213
Aug 200884,477114.228.48$38,892
Jul 200874,315131.0811.39$50,063
Jun 2008124,952131.3313.03$66,114
May 200885,610123.1711.57$65,917
Apr 200814,162110.3110.45$43,623
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20071088.337.30$88
Nov 200709491.677.29$685
Oct 2007171,93982.856.92$14,830
Sep 200703,44575.846.24$21,511
Aug 200784,15069.066.39$27,062
Jul 200742,36470.906.39$15,385
Jun 200783,64062.007.55$27,972
May 200773,82658.747.85$30,431
Apr 200783,31659.617.81$26,359
Mar 200754,03556.927.30$29,748
Feb 2007190655.108.22$7,499
Jan 2007355150.306.73$3,857
Dec 2006102,45656.656.92$17,558
Nov 200663,45154.207.62$26,613
Oct 200632,91154.906.01$17,671
Sep 2006132,99460.085.04$15,862
Aug 200653,35268.717.34$24,947
Jul 200663,14669.376.34$20,371
Jun 200663,15766.286.38$20,552
May 200693,40166.016.42$22,446
Apr 200682,84764.397.36$21,470
Mar 2006143,24356.707.08$23,764
Feb 2006152,66557.597.75$21,521
Jan 2006203,88560.598.93$35,918
Dec 200563,69054.9413.42$49,832
Nov 2005133,70554.6910.59$39,941
Oct 2005103,74458.3413.80$52,235
Sep 200563,12761.4512.08$38,140
Aug 2005174,10761.519.80$41,281
Jul 200563,03755.697.84$24,155
Jun 2005103,89752.337.38$29,287
May 200574,21745.226.65$28,364
Apr 2005233,77949.207.36$28,947
Mar 2005113,85350.377.15$28,122
Feb 200532,77045.226.31$17,620
Jan 20051043.166.32$43
Dec 2004111,93939.866.75$13,529
Nov 200452,31845.286.33$14,900
Oct 200483,44049.706.52$22,810
Sep 2004113,56143.245.28$19,292
Aug 200462,53042.375.55$14,297
Jul 2004104,10238.286.08$25,340
Jun 200485,07536.106.43$32,936
May 2004102,37337.486.49$15,786
Apr 200442,04134.475.86$12,095
Mar 2004153,68334.365.53$20,883
Feb 200493,76832.455.51$21,052
Jan 2004194,32532.036.30$27,855
Dec 2003143,64130.266.30$23,368
Nov 200393,84528.804.60$17,928
Oct 2003154,48428.174.76$21,765
Sep 200393,31726.314.75$15,990
Aug 200394,26829.765.13$22,161
Jul 200384,26029.415.17$22,263
Jun 200364,05628.565.98$24,438
May 2003194,43026.595.97$26,964
Apr 200383,99326.675.41$21,805
Mar 2003304,74031.146.10$29,829
Feb 2003163,77633.487.93$30,464
Jan 2003163,37230.315.58$19,308
Dec 2002193,93626.914.85$19,616
Nov 2002194,03024.664.14$17,140
Oct 200294,11126.464.23$17,624
Sep 2002124,18527.443.64$15,543
Aug 2002114,05625.963.16$13,119
Jul 200204,39324.583.06$13,450
Jun 200204,92223.733.34$16,431
May 2002135,00724.663.58$18,266
Apr 20021475,01523.653.51$21,091
Mar 200204,80622.003.10$14,912
Feb 200204,72418.222.38$11,223
Jan 200205,04417.172.38$11,983
Dec 200104,78416.932.36$11,311
Nov 200104,95518.072.41$11,919
Oct 200105,18819.782.53$13,120
Sep 200105,06424.262.25$11,401
Aug 200105,08124.873.05$15,513
Jul 200105,11823.933.20$16,363
Jun 200105,05024.563.82$19,312
May 200105,33625.524.31$22,984
Apr 200105,31724.685.34$28,368
Mar 200105,36624.545.38$28,850
Feb 20010027.755.77$0
Jan 200105,43127.478.40$45,614
Dec 200005,25826.889.12$47,966
Nov 200005,42932.215.66$30,717
Oct 200005,61431.235.15$28,887
Sep 200005,03031.875.19$26,088
Aug 200005,03229.644.54$22,849
Jul 200005,03528.534.09$20,592
Jun 200004,71329.304.40$20,724
May 200004,44427.263.68$16,353
Apr 20001635,27824.513.12$20,441
Mar 200005,41728.422.86$15,491
Feb 200005,16727.622.73$14,088
Jan 200005,86425.272.48$14,546
Dec 199906,01824.282.42$14,586
Nov 199905,70123.192.43$13,876
Oct 199906,02720.982.80$16,898
Sep 199905,48121.752.62$14,354
Aug 199906,46019.262.88$18,576
Jul 199906,37817.892.37$15,131
Jun 199906,62315.942.36$15,644
May 199906,26515.792.32$14,541
Apr 199906,18515.102.21$13,657
Mar 199906,57412.471.84$12,085
Feb 199906,2679.981.82$11,392
Jan 1999135,90710.381.90$11,358
Dec 199806,7189.201.77$11,913
Nov 199806,41110.892.19$14,013
Oct 199807,50912.421.97$14,787
Sep 199807,32212.592.08$15,249
Aug 199807,31911.301.91$13,960
Jul 199807,10111.742.24$15,887
Jun 199806,90811.242.24$15,455
May 199807,49312.622.21$16,532
Apr 199807,01113.042.51$17,565
Mar 199807,16712.802.31$16,552
Feb 1998426,56113.952.30$15,670
Jan 199807,38114.702.15$15,905
Dec 199707,99016.322.41$19,265
Nov 199707,59818.193.09$23,465
Oct 199707,69819.253.15$24,247
Sep 19971037,45617.742.95$23,859
Aug 199708,82217.862.55$22,538
Jul 199709,11517.582.25$20,481
Jun 199709,11517.242.26$20,574
May 199709,30218.972.31$21,474
Apr 19971679,50017.882.08$22,772
Mar 1997110,77018.951.94$20,903
Feb 1997011,21220.492.21$24,733
Jan 1997012,98123.483.54$45,949
Dec 199617015,77023.32$3,964
Nov 199604,16421.97$0
Oct 199602,01223.31$0
Sep 1996010,06422.22$0
Aug 1996010,45220.26$0
Jul 199607,94919.55$0
Jun 199608,54518.73$0
May 19961619,08619.43$3,128
Apr 199608,33921.51$0
Mar 1996010,73419.38$0
Feb 199609,75916.98$0
Jan 1996010,74617.07$0
Dec 199516710,91717.19$2,871
Nov 199509,95716.00$0
Oct 1995011,30215.43$0
Sep 1995010,72216.18$0
Aug 1995011,08015.92$0
Jul 199515111,77215.24$2,301
Jun 19951211,68416.41$197
May 1995012,52517.56$0
Apr 199517112,47817.73$3,032
Mar 1995011,71916.44$0
Feb 199517510,34916.58$2,902
Jan 1995011,08415.92$0
Dec 1994011,45715.03$0
Nov 1994112,08615.90$16
Oct 199418012,93515.58$2,804
Sep 1994012,74715.29$0
Aug 1994013,83316.13$0
Jul 199417713,18917.56$3,108
Jun 1994012,64017.09$0
May 199418015,51815.88$2,858
Apr 1994214,83014.14$28
Mar 199418113,64412.46$2,255
Feb 1994212,53212.50$25
Jan 199417813,76712.66$2,253
Dec 1993218,82112.33$25
Nov 199318520,12814.49$2,681
Oct 199317814,78515.85$2,821
Sep 199317814,83015.03$2,675
Aug 1993115,56915.66$16
Jul 1993016,81415.46$0
Jun 199317918,26216.79$3,005
May 199317716,42017.68$3,129
Apr 1993116,56918.05$18
Mar 199335816,76018.14$6,494
Feb 1993015,91317.90$0
Jan 199318219,74816.93$3,081

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.

Mar 2023 — as filed, then multipliedworked
Condensate             4 bbl  × $ 72.85 =       $291
Gas                    0 Mcf  × $  2.39 =         $0

────────────────────────────────────────────────────
Month total                                     $291

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/136489 is the state's own key, not one this site invented.