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 137995District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 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 Gas112001-08-20144467
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
CondensateDisposition4,837 bbl$98,980
GasProduction1,195,977 Mcf$2,072,795
Total$2,171,775

675,368 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 27.3469, -99.3984. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34687, -99.39844 · 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
Nov 1990
1 of 1 wells

1 well

42-47935079358,300 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 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 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 20171045.373.26$45
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 201631,24926.472.06$2,657
Jan 201601,38627.352.36$3,277
Dec 201501,58832.362.00$3,178
Nov 201501,01638.792.17$2,202
Oct 201501,74143.552.43$4,225
Sep 201501,64142.992.76$4,527
Aug 201501,73140.162.87$4,972
Jul 201501,86648.152.95$5,496
Jun 201501,69856.152.88$4,895
May 201501,89055.212.96$5,586
Apr 201501,87649.822.71$5,078
Mar 201501,89742.892.93$5,567
Feb 201501,76644.662.98$5,256
Jan 201501,67743.433.10$5,200
Dec 201401,83354.693.59$6,583
Nov 201401,71270.464.25$7,279
Oct 201401,87878.303.90$7,326
Sep 201401,78286.164.05$7,209
Aug 201401,86989.394.04$7,542
Jul 201401,96296.564.18$8,200
Jun 201401,73698.164.74$8,223
May 201401,73194.734.73$8,182
Apr 201401,57795.944.81$7,584
Mar 201401,70995.895.06$8,642
Feb 201401,27097.406.19$7,864
Jan 201401,73290.404.86$8,419
Dec 201301,64991.824.35$7,181
Nov 201301,56388.853.74$5,843
Oct 201301,40897.423.78$5,321
Sep 201301,835104.113.72$6,822
Aug 201302,829104.253.52$9,965
Jul 201301,917102.523.72$7,127
Jun 201301,93694.403.93$7,615
May 201302,05394.834.15$8,518
Apr 201301,88593.964.28$8,073
Mar 201301,99993.623.91$7,822
Feb 201303,00691.233.42$10,280
Jan 201302,06591.603.42$7,062
Dec 201202,00286.773.42$6,847
Nov 201202,13386.953.62$7,732
Oct 201201,92689.383.40$6,548
Sep 201201,90694.672.92$5,562
Aug 201201,87292.662.91$5,444
Jul 201201785.133.02$51
Jun 201221,88979.822.52$4,918
May 201201,90191.612.49$4,730
Apr 201201,440101.652.00$2,875
Mar 20122982105.052.22$2,392
Feb 20120978101.102.57$2,514
Jan 2012099298.092.73$2,712
Dec 201101,07996.873.24$3,496
Nov 2011097795.723.31$3,235
Oct 201101,00584.983.65$3,667
Sep 2011088283.623.99$3,515
Aug 201101,23483.404.15$5,120
Jul 201101,07294.144.52$4,842
Jun 201101,02192.904.64$4,737
May 201101,04898.134.40$4,616
Apr 20110970105.964.33$4,203
Mar 2011099496.364.06$4,033
Feb 2011186085.644.18$3,680
Jan 2011095786.504.59$4,391
Dec 2010094385.734.35$4,100
Nov 2010093980.843.80$3,564
Oct 2010099378.103.51$3,484
Sep 2010090072.633.98$3,582
Aug 201001,02873.684.42$4,543
Jul 2010096972.554.74$4,590
Jun 2010095670.364.91$4,694
May 2010095871.124.24$4,057
Apr 2010085781.694.12$3,533
Mar 2010095478.394.39$4,187
Feb 2010096573.585.44$5,252
Jan 201001,05374.365.96$6,280
Dec 200901,12971.445.48$6,191
Nov 200901,02874.593.75$3,857
Oct 200901,19872.544.11$4,924
Sep 200911,44565.543.06$4,494
Aug 200911,48367.423.22$4,840
Jul 200911,48561.133.46$5,206
Jun 200911,32266.163.90$5,215
May 200951,40754.743.93$5,797
Apr 200921,20046.773.59$4,399
Mar 200921,36742.144.06$5,633
Feb 200911,25332.814.63$5,838
Jan 200911,29835.865.37$7,007
Dec 200831,23837.105.98$7,511
Nov 200821,19955.496.86$8,337
Oct 200811,22675.246.92$8,562
Sep 200821,206101.767.88$9,703
Aug 200821,268114.228.48$10,985
Jul 200831,512131.0811.39$17,614
Jun 200831,338131.3313.03$17,832
May 200821,258123.1711.57$14,807
Apr 200811,418110.3110.45$14,935
Mar 200821,242101.909.66$12,207
Feb 200821,14292.538.77$10,201
Jan 200821,46290.388.21$12,178
Dec 200721,59688.337.30$11,831
Nov 200701,32291.677.29$9,640
Oct 200771,40982.856.92$10,333
Sep 200701,12575.846.24$7,025
Aug 200731,16069.066.39$7,617
Jul 200711,24470.906.39$8,018
Jun 200731,30962.007.55$10,067
May 200731,30758.747.85$10,431
Apr 200741,29759.617.81$10,362
Mar 200721,18556.927.30$8,767
Feb 200711,13355.108.22$9,364
Jan 200721,19650.306.73$8,146
Dec 200641,02356.656.92$7,304
Nov 2006388454.207.62$6,896
Oct 200611,61154.906.01$9,743
Sep 200651,25660.085.04$6,627
Aug 200621,23168.717.34$9,173
Jul 200621,20069.376.34$7,750
Jun 200631,50466.286.38$9,800
May 200641,56766.016.42$10,332
Apr 200641,45264.397.36$10,945
Mar 200681,82356.707.08$13,366
Feb 200681,58457.597.75$12,738
Jan 200681,66060.598.93$15,314
Dec 200521,29854.9413.42$17,523
Nov 200541,10254.6910.59$11,887
Oct 200531,31158.3413.80$18,261
Sep 200521,15761.4512.08$14,098
Aug 200551,30761.519.80$13,112
Jul 200521,17155.697.84$9,296
Jun 200531,04452.337.38$7,863
May 200521,01145.226.65$6,815
Apr 200561,07549.207.36$8,208
Mar 200541,19850.377.15$8,773
Feb 200541,19545.226.31$7,724
Jan 2005288243.166.32$5,663
Dec 2004161,32639.866.75$9,590
Nov 200421,32245.286.33$8,459
Oct 200431,19849.706.52$7,954
Sep 200441,18643.245.28$6,440
Aug 200421,25542.375.55$7,051
Jul 200431,16338.286.08$7,191
Jun 200421,31736.106.43$8,544
May 20041731,35737.486.49$15,297
Apr 200421,11434.475.86$6,595
Mar 200441,08134.365.53$6,116
Feb 200421,00632.455.51$5,608
Jan 200451,12932.036.30$7,272
Dec 2003499730.266.30$6,404
Nov 2003298428.804.60$4,579
Oct 200351,14628.174.76$5,595
Sep 200321,44026.314.75$6,892
Aug 200321,19329.765.13$6,179
Jul 2003290429.415.17$4,733
Jun 200321,37328.565.98$8,272
May 200361,24926.595.97$7,619
Apr 200331,28426.675.41$7,023
Mar 2003111,36131.146.10$8,639
Feb 2003111,84333.487.93$14,976
Jan 2003142,91530.315.58$16,696
Dec 2002183,40826.914.85$17,026
Nov 2002164,11324.664.14$17,410
Oct 200262,83926.464.23$12,165
Sep 200262,51527.443.64$9,307
Aug 2002259025.963.16$1,919
Jul 200203,09024.583.06$9,461
Jun 200201,91223.733.34$6,383
May 200202,89324.663.58$10,369
Apr 200204,52123.653.51$15,879
Mar 200204,43422.003.10$13,757
Feb 200204,35018.222.38$10,334
Jan 200203,77917.172.38$8,978
Dec 200103,74516.932.36$8,855
Nov 200103,35218.072.41$8,063
Oct 200101,84019.782.53$4,653
Sep 200103,74924.262.25$8,440
Aug 200104,37924.873.05$13,370
Jul 200144,36123.933.20$14,038
Jun 200104,19824.563.82$16,054
May 200104,20925.524.31$18,130
Apr 200104,14124.685.34$22,094
Mar 200104,15024.545.38$22,312
Feb 2001158027.755.77$4,385
Jan 200104,03827.478.40$33,914
Dec 200003,83426.889.12$34,976
Nov 200003,89832.215.66$22,055
Oct 200004,21831.235.15$21,704
Sep 200004,06331.875.19$21,073
Aug 200004,47229.644.54$20,306
Jul 200004,54728.534.09$18,596
Jun 200004,07529.304.40$17,919
May 200004,60927.263.68$16,960
Apr 200004,51224.513.12$14,059
Mar 20001563,69428.422.86$14,997
Feb 200002,70027.622.73$7,362
Jan 200002,63225.272.48$6,529
Dec 199902,88224.282.42$6,985
Nov 199902,95723.192.43$7,197
Oct 199902,79020.982.80$7,822
Sep 199902,64821.752.62$6,935
Aug 199903,07219.262.88$8,834
Jul 199903,14917.892.37$7,471
Jun 199902,72515.942.36$6,437
May 199902,84515.792.32$6,603
Apr 199902,82215.102.21$6,231
Mar 199902,98612.471.84$5,489
Feb 199903,2959.981.82$5,990
Jan 199982,81910.381.90$5,439
Dec 199803,1959.201.77$5,666
Nov 199803,21610.892.19$7,029
Oct 199803,60412.421.97$7,097
Sep 199803,85312.592.08$8,024
Aug 199803,91511.301.91$7,467
Jul 199803,46111.742.24$7,743
Jun 199803,40611.242.24$7,620
May 199804,10712.622.21$9,061
Apr 199804,05113.042.51$10,149
Mar 199803,66012.802.31$8,453
Feb 199803,43413.952.30$7,895
Jan 199804,48114.702.15$9,656
Dec 199723,98216.322.41$9,634
Nov 199704,09618.193.09$12,650
Oct 199705,24519.253.15$16,521
Sep 1997705,87417.742.95$18,599
Aug 199708,51317.862.55$21,749
Jul 199709,04717.582.25$20,328
Jun 19971529,04717.242.26$23,041
May 199709,00918.972.31$20,797
Apr 199709,65617.882.08$20,111
Mar 199712610,72718.951.94$23,189
Feb 199729,89620.492.21$21,871
Jan 199716910,57823.483.54$41,411
Dec 1996010,78523.32$0
Nov 1996011,45121.97$0
Oct 199615012,93423.31$3,497
Sep 1996013,93322.22$0
Aug 1996014,23120.26$0
Jul 199614112,56219.55$2,757
Jun 199613713,43218.73$2,566
May 1996014,36819.43$0
Apr 199613511,75421.51$2,904
Mar 1996011,85219.38$0
Feb 1996312,37216.98$51
Jan 199614615,47317.07$2,492
Dec 199518217,24117.19$3,129
Nov 19959817,35816.00$1,568
Oct 199517218,66115.43$2,654
Sep 1995017,41216.18$0
Aug 19958918,50815.92$1,417
Jul 199511118,47715.24$1,692
Jun 199517319,69216.41$2,839
May 1995012,33317.56$0
Apr 199510614,40817.73$1,879
Mar 199513115,99716.44$2,154
Feb 1995011,50616.58$0
Jan 1995017,38115.92$0
Dec 19947418,91815.03$1,112
Nov 19946720,10815.90$1,065
Oct 199412617,36315.58$1,963
Sep 199420413,79215.29$3,119
Aug 1994022,95116.13$0
Jul 199412020,93917.56$2,107
Jun 199412422,79717.09$2,119
May 199412522,76815.88$1,985
Apr 199412621,17114.14$1,782
Mar 199416126,53012.46$2,006
Feb 199415818,42412.50$1,975
Jan 199402,67212.66$0
Dec 19931472,16112.33$1,813
Nov 199302,41814.49$0
Oct 199302,48715.85$0
Sep 199303,51715.03$0
Aug 19931759,55915.66$2,741
Jul 1993011,57015.46$0
Jun 199309,22616.79$0
May 199309,87817.68$0
Apr 1993313,81618.05$54
Mar 1993110,10718.14$18
Feb 19931078,83017.90$1,915
Jan 199309,24516.93$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 2017 — as filed, then multipliedworked
Condensate             1 bbl  × $ 45.37 =        $45
Gas                    0 Mcf  × $  3.26 =         $0

────────────────────────────────────────────────────
Month total                                      $45

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/137995 is the state's own key, not one this site invented.