HEREFORD, L. M. -A-

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 137904District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 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 Gas222001-08-20 – 2002-09-112 dockets
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
CondensateDisposition7,625 bbl$169,550
GasProduction2,306,744 Mcf$5,070,283
Total$5,239,833

1,166,040 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 27.3342, -99.3883. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.33419, -99.38826 · 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
8,787 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 8,787 ft.

Completions filed
Dec 1998
1 of 1 wells

1 well

42-47935144428,787 ftDec 1998

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 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
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 202104961.302.72$133
Feb 202103857.805.55$211
Jan 202104950.412.81$138
Dec 202004244.642.68$112
Nov 202006438.772.71$173
Oct 202002836.972.48$69
Sep 202008037.091.99$159
Aug 202004739.982.39$112
Jul 202007038.371.83$128
Jun 202007634.901.69$128
May 202005216.921.81$94
Apr 202005614.751.80$101
Mar 202008930.341.86$165
Feb 202017749.881.98$202
Jan 202008457.252.09$176
Dec 201908859.012.30$203
Nov 2019012655.302.75$347
Oct 20190053.472.42$0
Sep 20190255.052.66$5
Aug 20190053.112.30$0
Jul 201901656.272.46$39
Jun 20190952.782.49$22
May 20190058.482.74$0
Apr 201904162.632.75$113
Mar 201909456.803.06$288
Feb 20190050.852.79$0
Jan 201904046.033.23$129
Dec 201807046.594.19$293
Nov 201808252.934.24$347
Oct 201804361.443.40$146
Sep 201817259.543.11$283
Aug 201807959.403.07$242
Jul 201818965.142.93$326
Jun 2018112960.183.08$457
May 2018011665.382.90$336
Apr 201808963.842.90$258
Mar 2018011261.222.79$312
Feb 2018010461.782.77$288
Jan 201808562.874.01$341
Dec 201706357.272.92$184
Nov 201707055.423.12$218
Oct 201709849.292.98$292
Sep 2017010147.523.09$312
Aug 2017012145.373.00$364
Jul 201709743.873.09$299
Jun 201708142.493.09$250
May 2017011445.373.26$372
Apr 2017011347.933.21$363
Mar 201708746.772.98$260
Feb 2017012450.452.95$366
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 201603541.553.10$109
Aug 2016011441.442.92$333
Jul 201607741.622.92$225
Jun 201605245.352.69$140
May 201607042.521.99$139
Apr 201607636.561.99$151
Mar 2016012933.011.79$231
Feb 201606726.472.06$138
Jan 201607427.352.36$175
Dec 2015017032.362.00$340
Nov 2015014438.792.17$312
Oct 2015020543.552.43$497
Sep 2015019742.992.76$543
Aug 2015017640.162.87$506
Jul 2015014148.152.95$415
Jun 201509556.152.88$274
May 2015014855.212.96$437
Apr 2015012149.822.71$327
Mar 2015011642.892.93$340
Feb 2015010044.662.98$298
Jan 2015012443.433.10$384
Dec 2014013854.693.59$496
Nov 2014014470.464.25$612
Oct 2014013878.303.90$538
Sep 2014012886.164.05$518
Aug 2014014689.394.04$589
Jul 2014012796.564.18$531
Jun 2014013598.164.74$639
May 2014012794.734.73$600
Apr 2014010395.944.81$495
Mar 201407095.895.06$354
Feb 201408597.406.19$526
Jan 2014012990.404.86$627
Dec 2013018591.824.35$806
Nov 201308888.853.74$329
Oct 2013015397.423.78$578
Sep 20130126104.113.72$468
Aug 20130174104.253.52$613
Jul 20130146102.523.72$543
Jun 2013019694.403.93$771
May 2013029094.834.15$1,203
Apr 2013056393.964.28$2,411
Mar 201301,23293.623.91$4,821
Feb 201302,51191.233.42$8,587
Jan 201301,26891.603.42$4,336
Dec 201201,83686.773.42$6,279
Nov 201201,95086.953.62$7,069
Oct 201201,79789.383.40$6,109
Sep 201201,69794.672.92$4,953
Aug 201201,84692.662.91$5,368
Jul 201201985.133.02$57
Jun 201221,69379.822.52$4,424
May 201201,90091.612.49$4,728
Apr 201201,946101.652.00$3,886
Mar 201281,828105.052.22$4,902
Feb 201201,518101.102.57$3,902
Jan 201202,07198.092.73$5,662
Dec 201101,67296.873.24$5,417
Nov 201101,15895.723.31$3,834
Oct 201101,55984.983.65$5,688
Sep 201101,65983.623.99$6,612
Aug 201101,58383.404.15$6,568
Jul 201101,89194.144.52$8,542
Jun 201101,72892.904.64$8,018
May 201101,57998.134.40$6,955
Apr 201101,463105.964.33$6,340
Mar 201101,52796.364.06$6,196
Feb 201141,43985.644.18$6,358
Jan 201101,39886.504.59$6,415
Dec 201001,26785.734.35$5,509
Nov 201001,07180.843.80$4,065
Oct 2010099278.103.51$3,481
Sep 201002,55372.633.98$10,160
Aug 201004673.684.42$203
Jul 201002,17972.554.74$10,321
Jun 201003,34870.364.91$16,440
May 201003,35571.124.24$14,209
Apr 201004,13881.694.12$17,060
Mar 201002,97378.394.39$13,048
Feb 201003,87073.585.44$21,062
Jan 201003,78374.365.96$22,562
Dec 200903,67571.445.48$20,153
Nov 200903,93474.593.75$14,758
Oct 200904,41972.544.11$18,163
Sep 200943,45065.543.06$10,836
Aug 200944,06767.423.22$13,359
Jul 200954,92061.133.46$17,351
Jun 200945,13066.163.90$20,246
May 2009143,91054.743.93$16,116
Apr 200963,81546.773.59$13,967
Mar 200973,59442.144.06$14,883
Feb 200933,99732.814.63$18,617
Jan 200933,64135.865.37$19,663
Dec 200882,78037.105.98$16,913
Nov 200862,77555.496.86$19,370
Oct 200843,89875.246.92$27,283
Sep 200863,211101.767.88$25,904
Aug 200874,024114.228.48$34,935
Jul 200884,023131.0811.39$46,868
Jun 200883,370131.3313.03$44,971
May 200863,817123.1711.57$44,918
Apr 200833,513110.3110.45$37,059
Mar 200864,071101.909.66$39,954
Feb 200853,63192.538.77$32,309
Jan 200874,23590.388.21$35,384
Dec 200764,37188.337.30$32,447
Nov 200703,99391.677.29$29,116
Oct 2007254,06482.856.92$30,202
Sep 200704,72975.846.24$29,529
Aug 2007125,14969.066.39$33,720
Jul 200754,95170.906.39$31,981
Jun 200794,51562.007.55$34,639
May 200784,06758.747.85$32,381
Apr 2007144,30459.617.81$34,428
Mar 200783,87156.927.30$28,721
Feb 200743,60655.108.22$29,847
Jan 200784,04050.306.73$27,579
Dec 2006174,31556.656.92$30,816
Nov 2006105,12454.207.62$39,574
Oct 200655,09254.906.01$30,897
Sep 2006205,13060.085.04$27,042
Aug 200694,83468.717.34$36,100
Jul 200695,18769.376.34$33,524
Jun 200694,71266.286.38$30,677
May 2006145,29266.016.42$34,925
Apr 2006124,72264.397.36$35,529
Mar 2006234,85656.707.08$35,699
Feb 2006254,52257.597.75$36,490
Jan 2006275,09360.598.93$47,133
Dec 200595,53954.9413.42$74,802
Nov 2005215,67654.6910.59$61,248
Oct 2005155,97058.3413.80$83,236
Sep 200594,58061.4512.08$55,875
Aug 2005245,38261.519.80$54,203
Jul 200585,48955.697.84$43,499
Jun 2005135,32152.337.38$39,955
May 200595,16445.226.65$34,754
Apr 2005325,42249.207.36$41,483
Mar 2005185,60750.377.15$41,024
Feb 2005245,32545.226.31$34,696
Jan 2005385,69943.166.32$37,670
Dec 2004285,30739.866.75$36,944
Nov 200485,89445.286.33$37,674
Oct 2004135,18949.706.52$34,453
Sep 2004215,70443.245.28$31,047
Aug 2004105,88742.375.55$33,100
Jul 2004156,68938.286.08$41,271
Jun 2004136,80336.106.43$44,233
May 20041807,04737.486.49$52,514
Apr 2004117,69334.475.86$45,448
Mar 2004247,46334.365.53$42,096
Feb 2004104,98632.455.51$27,795
Jan 200481,77532.036.30$11,438
Dec 200392,12130.266.30$13,638
Nov 200372,65728.804.60$12,411
Oct 2003223,99528.174.76$19,635
Sep 2003127,53126.314.75$36,083
Aug 2003125,64729.765.13$29,325
Jul 2003115,56129.415.17$29,079
Jun 200385,66828.565.98$34,140
May 2003306,18526.595.97$37,739
Apr 2003136,39826.675.41$34,942
Mar 2003456,66531.146.10$42,031
Feb 2003295,60233.487.93$45,372
Jan 2003306,81530.315.58$38,951
Dec 2002285,92626.914.85$29,517
Nov 2002315,91424.664.14$25,230
Oct 2002156,74926.464.23$28,939
Sep 2002206,32827.443.64$23,552
Aug 2002197,37825.963.16$23,838
Jul 200206,66824.583.06$20,416
Jun 20021456,77723.733.34$26,064
May 200207,26524.663.58$26,038
Apr 200206,97023.653.51$24,481
Mar 200207,23022.003.10$22,433
Feb 200206,67618.222.38$15,860
Jan 200207,60217.172.38$18,060
Dec 200107,16616.932.36$16,943
Nov 200107,95218.072.41$19,129
Oct 200107,59519.782.53$19,207
Sep 200108,11424.262.25$18,267
Aug 200108,79824.873.05$26,862
Jul 200108,77323.933.20$28,048
Jun 200107,83924.563.82$29,978
May 200107,36425.524.31$31,719
Apr 200107,22024.685.34$38,521
Mar 20011567,66424.545.38$45,033
Feb 200107,16327.755.77$41,310
Jan 200108,11427.478.40$68,148
Dec 200007,60026.889.12$69,331
Nov 200007,96132.215.66$45,043
Oct 200008,91631.235.15$45,877
Sep 200008,20631.875.19$42,560
Aug 200009,36929.644.54$42,542
Jul 200009,35528.534.09$38,260
Jun 200008,69129.304.40$38,217
May 20001589,24827.263.68$38,337
Apr 200009,11924.513.12$28,415
Mar 200009,76928.422.86$27,937
Feb 200006,58427.622.73$17,951
Jan 200007,76325.272.48$19,256
Dec 199907,95524.282.42$19,281
Nov 199908,40623.192.43$20,460
Oct 199908,51420.982.80$23,871
Sep 199908,24621.752.62$21,595
Aug 199909,04119.262.88$25,998
Jul 19991758,67717.892.37$23,716
Jun 199908,05715.942.36$19,031
May 199908,71115.792.32$20,218
Apr 199908,46415.102.21$18,689
Mar 199908,30112.471.84$15,260
Feb 199907,8019.981.82$14,181
Jan 199909,62510.381.90$18,287
Dec 199808,1039.201.77$14,369
Nov 199807,28710.892.19$15,927
Oct 1998010,28912.421.97$20,261
Sep 1998010,80312.592.08$22,499
Aug 19981529,79811.301.91$20,406
Jul 1998011,27611.742.24$25,227
Jun 1998011,75511.242.24$26,299
May 1998011,25012.622.21$24,821
Apr 1998011,29413.042.51$28,295
Mar 1998010,55612.802.31$24,378
Feb 1998010,21213.952.30$23,479
Jan 1998010,59614.702.15$22,832
Dec 1997010,00216.322.41$24,116
Nov 199715611,83518.193.09$39,387
Oct 1997012,96719.253.15$40,844
Sep 1997012,51017.742.95$36,966
Aug 1997013,75617.862.55$35,143
Jul 1997114,78217.582.25$33,232
Jun 1997014,78217.242.26$33,366
May 1997013,98518.972.31$32,284
Apr 19974714,08317.882.08$30,172
Mar 1997113,30318.951.94$25,815
Feb 1997449,12520.492.21$21,030
Jan 19974811,21523.483.54$40,825
Dec 1996509,98523.32$1,166
Nov 199609,89721.97$0
Oct 19964216,39123.31$979
Sep 1996013,45522.22$0
Aug 19963713,44920.26$750
Jul 1996011,39019.55$0
Jun 19961912,17018.73$356
May 199649,58319.43$78
Apr 19962213,15521.51$473
Mar 19966813,35419.38$1,318
Feb 19968614,22516.98$1,460
Jan 199610514,49617.07$1,792
Dec 19953114,16117.19$533
Nov 19955315,90016.00$848
Oct 19953616,70415.43$555
Sep 19952916,52516.18$469
Aug 19951624,94215.92$255
Jul 19955925,80515.24$899
Jun 199511622,29516.41$1,904
May 199517023,05117.56$2,985
Apr 1995024,22917.73$0
Mar 199517723,96516.44$2,910
Feb 199517920,12716.58$2,968
Jan 1995019,33515.92$0
Dec 199417921,47615.03$2,690
Nov 1994123,77615.90$16
Oct 199417924,49715.58$2,789
Sep 199417923,34715.29$2,737
Aug 1994022,17316.13$0
Jul 199417626,83117.56$3,091
Jun 199417827,10017.09$3,042
May 1994129,98715.88$16
Apr 199416423,55014.14$2,319
Mar 199417531,00712.46$2,181
Feb 199418327,93212.50$2,288
Jan 199418330,01212.66$2,317
Dec 199318034,11912.33$2,219
Nov 199318029,15614.49$2,608
Oct 199317934,71815.85$2,837
Sep 199317634,00415.03$2,645
Aug 199317936,99115.66$2,803
Jul 199317837,57415.46$2,752
Jun 199317939,76416.79$3,005
May 199317943,69217.68$3,165
Apr 199317945,24818.05$3,231
Mar 199336053,10318.14$6,530
Feb 199335332,58117.90$6,319
Jan 1993034,81316.93$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.

Mar 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 61.30 =         $0
Gas                   49 Mcf  × $  2.72 =       $133

────────────────────────────────────────────────────
Month total                                     $133

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/137904 is the state's own key, not one this site invented.