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 137999District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$15 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 Gas222001-08-20 – 2002-10-102 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
CondensateDisposition5,300 bbl$100,464
GasProduction1,016,079 Mcf$1,244,660
Total$1,345,124

674,885 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 27.3438, -99.4042. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34384, -99.40420 · 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
Mar 1991
1 of 1 wells

1 well

42-47935150368,300 ftMar 1991

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 20261274106.413.05$941
Apr 2026131498.932.87$1,000
Mar 2026127089.753.15$940
Feb 2026027163.503.75$1,016
Jan 2026133759.138.00$2,754
Dec 2025136056.664.41$1,645
Nov 2025135258.593.93$1,441
Oct 2025136259.383.30$1,256
Sep 2025131762.743.08$1,038
Aug 2025131263.933.01$1,005
Jul 2025131366.743.32$1,104
Jun 2025130866.483.13$1,030
May 2025131860.553.23$1,088
Apr 2025130462.363.54$1,139
Mar 2025132167.704.27$1,438
Feb 2025127970.884.34$1,282
Jan 2025132174.324.28$1,448
Dec 2024225868.993.12$943
Nov 2024128969.052.20$704
Oct 2024127971.372.28$708
Sep 2024129969.612.36$777
Aug 2024228975.632.06$748
Jul 2024132679.932.15$780
Jun 2024230478.082.63$957
May 2024128578.812.20$705
Apr 2024227384.451.66$622
Mar 2024129080.301.55$528
Feb 2024129776.091.78$606
Jan 2024126973.023.30$960
Dec 2023226671.262.61$837
Nov 2023125877.892.81$802
Oct 2023125285.443.09$863
Sep 2023223489.042.74$818
Aug 2023124180.522.67$725
Jul 2023227174.852.64$866
Jun 2023128968.962.26$722
May 2023228270.622.23$769
Apr 2023126678.122.24$673
Mar 2023129572.852.39$779
Feb 2023123275.112.47$647
Jan 2023128476.533.39$1,039
Dec 2022226376.415.73$1,660
Nov 2022123385.005.65$1,401
Oct 2022124487.185.86$1,518
Sep 2022124384.888.16$2,069
Aug 2022125694.529.13$2,431
Jul 20221251101.587.54$1,995
Jun 20222248115.097.98$2,209
May 20221303109.378.43$2,665
Apr 20221281104.226.84$2,026
Mar 20221280108.885.08$1,530
Feb 2022228191.054.86$1,547
Jan 2022129581.844.54$1,420
Dec 2021132171.323.90$1,323
Nov 2021034677.435.24$1,812
Oct 2021222679.795.71$1,451
Sep 2021128469.865.35$1,590
Aug 2021231466.024.22$1,457
Jul 2021134270.783.98$1,433
Jun 2021130969.493.38$1,114
May 2021229763.483.02$1,023
Apr 2021227560.362.76$879
Mar 2021230261.302.72$943
Feb 2021132557.805.55$1,861
Jan 2021134250.412.81$1,012
Dec 2020133744.642.68$946
Nov 2020232438.772.71$954
Oct 2020233436.972.48$902
Sep 2020232637.091.99$723
Aug 2020232339.982.39$850
Jul 2020133938.371.83$657
Jun 2020233334.901.69$633
May 2020133216.921.81$619
Apr 2020231714.751.80$601
Mar 2020134930.341.86$678
Feb 2020228349.881.98$660
Jan 2020129457.252.09$673
Dec 2019229659.012.30$800
Nov 2019127955.302.75$823
Oct 2019143453.472.42$1,103
Sep 2019244555.052.66$1,293
Aug 2019257253.112.30$1,424
Jul 2019139256.272.46$1,021
Jun 2019137252.782.49$980
May 2019130958.482.74$905
Apr 2019128362.632.75$841
Mar 2019125056.803.06$822
Feb 2019123750.852.79$713
Jan 2019123246.033.23$795
Dec 2018123746.594.19$1,039
Nov 2018124152.934.24$1,074
Oct 2018125061.443.40$911
Sep 2018223559.543.11$849
Aug 2018026459.403.07$810
Jul 2018124365.142.93$778
Jun 2018126960.183.08$888
May 2018034565.382.90$1,001
Apr 2018032563.842.90$943
Mar 2018032661.222.79$909
Feb 2018028261.782.77$780
Jan 2018029762.874.01$1,191
Dec 2017027857.272.92$812
Nov 2017027055.423.12$842
Oct 2017028849.292.98$859
Sep 2017029447.523.09$908
Aug 2017028545.373.00$856
Jul 2017028843.873.09$889
Jun 2017026142.493.09$806
May 2017026945.373.26$878
Apr 2017032747.933.21$1,050
Mar 2017034946.772.98$1,041
Feb 2017029950.452.95$883
Jan 2017031249.413.42$1,067
Dec 2016028948.763.72$1,076
Nov 2016027542.492.64$727
Oct 2016029646.193.09$915
Sep 2016027141.553.10$840
Aug 2016029141.442.92$851
Jul 2016021941.622.92$640
Jun 2016028045.352.69$752
May 2016029942.521.99$595
Apr 2016029136.561.99$579
Mar 2016026733.011.79$479
Feb 2016126126.472.06$565
Jan 2016029027.352.36$686
Dec 2015021732.362.00$434
Nov 2015021538.792.17$466
Oct 2015025743.552.43$624
Sep 2015025642.992.76$706
Aug 2015026340.162.87$755
Jul 2015029048.152.95$854
Jun 2015027256.152.88$784
May 2015030755.212.96$907
Apr 2015032349.822.71$874
Mar 2015035342.892.93$1,036
Feb 2015025144.662.98$747
Jan 2015030543.433.10$946
Dec 2014027554.693.59$988
Nov 2014025770.464.25$1,093
Oct 2014027978.303.90$1,088
Sep 2014028386.164.05$1,145
Aug 2014025589.394.04$1,029
Jul 2014028196.564.18$1,174
Jun 2014027298.164.74$1,288
May 2014025694.734.73$1,210
Apr 2014023595.944.81$1,130
Mar 2014022495.895.06$1,133
Feb 2014019497.406.19$1,201
Jan 2014022290.404.86$1,079
Dec 2013023191.824.35$1,006
Nov 2013022888.853.74$852
Oct 2013025197.423.78$949
Sep 20130269104.113.72$1,000
Aug 20130425104.253.52$1,497
Jul 20130262102.523.72$974
Jun 2013027594.403.93$1,082
May 2013028594.834.15$1,182
Apr 2013027793.964.28$1,186
Mar 2013029393.623.91$1,146
Feb 2013041491.233.42$1,416
Jan 2013027491.603.42$937
Dec 2012025786.773.42$879
Nov 2012028786.953.62$1,040
Oct 2012025389.383.40$860
Sep 2012026794.672.92$779
Aug 2012029392.662.91$852
Jul 20120385.133.02$9
Jun 2012128479.822.52$795
May 2012031291.612.49$776
Apr 20120310101.652.00$619
Mar 20120295105.052.22$656
Feb 20120305101.102.57$784
Jan 2012031398.092.73$856
Dec 2011032596.873.24$1,053
Nov 2011031195.723.31$1,030
Oct 2011030984.983.65$1,127
Sep 2011027383.623.99$1,088
Aug 2011032483.404.15$1,344
Jul 2011033394.144.52$1,504
Jun 2011030592.904.64$1,415
May 2011029698.134.40$1,304
Apr 20110264105.964.33$1,144
Mar 2011026196.364.06$1,059
Feb 2011026185.644.18$1,091
Jan 2011027886.504.59$1,276
Dec 2010025285.734.35$1,096
Nov 2010027180.843.80$1,029
Oct 2010038378.103.51$1,344
Sep 2010041972.633.98$1,667
Aug 2010045173.684.42$1,993
Jul 2010038072.554.74$1,800
Jun 2010039970.364.91$1,959
May 2010041171.124.24$1,741
Apr 2010030881.694.12$1,270
Mar 2010038378.394.39$1,681
Feb 2010025973.585.44$1,410
Jan 2010035474.365.96$2,111
Dec 2009040171.445.48$2,199
Nov 200905274.593.75$195
Oct 2009035272.544.11$1,447
Sep 2009154665.543.06$1,739
Aug 2009051367.423.22$1,651
Jul 2009050961.133.46$1,763
Jun 2009047366.163.90$1,842
May 2009256854.743.93$2,339
Apr 2009153146.773.59$1,952
Mar 2009158742.144.06$2,425
Feb 2009045932.814.63$2,127
Jan 2009050735.865.37$2,723
Dec 2008149837.105.98$3,014
Nov 2008145855.496.86$3,198
Oct 2008046575.246.92$3,219
Sep 20081525101.767.88$4,237
Aug 20081509114.228.48$4,432
Jul 20081514131.0811.39$5,985
Jun 20081504131.3313.03$6,700
May 20081505123.1711.57$5,968
Apr 20080577110.3110.45$6,032
Mar 20081488101.909.66$4,818
Feb 2008151292.538.77$4,583
Jan 2008054890.388.21$4,497
Dec 2007027688.337.30$2,015
Nov 20070091.677.29$0
Oct 20072082.856.92$166
Sep 20070075.846.24$0
Aug 2007130469.066.39$2,011
Jul 200711,14970.906.39$7,411
Jun 200721,10462.007.55$8,457
May 200721,11758.747.85$8,882
Apr 2007499059.617.81$7,966
Mar 200721,04956.927.30$7,774
Feb 200711,01055.108.22$8,353
Jan 200721,11250.306.73$7,581
Dec 200631,00556.656.92$7,123
Nov 200621,03054.207.62$7,954
Oct 200611,06354.906.01$6,448
Sep 2006494860.085.04$5,016
Aug 200621,09468.717.34$8,167
Jul 2006295469.376.34$6,190
Jun 200621,01166.286.38$6,587
May 2006292966.016.42$6,101
Apr 2006283864.397.36$6,297
Mar 200651,09456.707.08$8,032
Feb 2006592857.597.75$7,481
Jan 200651,11660.598.93$10,273
Dec 200521,01454.9413.42$13,713
Nov 2005397854.6910.59$10,520
Oct 2005290358.3413.80$12,574
Sep 2005175861.4512.08$9,217
Aug 2005494161.519.80$9,465
Jul 2005196055.697.84$7,586
Jun 2005283152.337.38$6,238
May 2005186445.226.65$5,792
Apr 2005691649.207.36$7,037
Mar 200531,05350.377.15$7,685
Feb 2005490145.226.31$5,868
Jan 200521,00143.166.32$6,415
Dec 20041898139.866.75$7,340
Nov 2004288445.286.33$5,687
Oct 200421,04249.706.52$6,888
Sep 2004381343.245.28$4,426
Aug 2004288842.375.55$5,014
Jul 200421,08838.286.08$6,696
Jun 200421,09236.106.43$7,097
May 20041071,01537.486.49$10,602
Apr 200421,01034.475.86$5,986
Mar 200441,08334.365.53$6,127
Feb 200421,01432.455.51$5,652
Jan 200451,12432.036.30$7,241
Dec 200341,10830.266.30$7,103
Nov 200321,04328.804.60$4,850
Oct 200341,20028.174.76$5,824
Sep 2003288526.314.75$4,256
Aug 2003287629.765.13$4,553
Jul 2003185229.415.17$4,435
Jun 2003158528.565.98$3,529
May 2003372026.595.97$4,380
Apr 2003163726.675.41$3,471
Mar 2003790231.146.10$5,717
Feb 2003499633.487.93$8,028
Jan 2003495030.315.58$5,424
Dec 2002487126.914.85$4,335
Nov 2002481324.664.14$3,462
Oct 2002287726.464.23$3,762
Sep 2002273427.443.64$2,723
Aug 2002263125.963.16$2,049
Jul 2002168924.583.06$2,134
Jun 2002087223.733.34$2,911
May 2002099224.663.58$3,555
Apr 2002095723.653.51$3,361
Mar 2002095422.003.10$2,960
Feb 2002078218.222.38$1,858
Jan 2002096217.172.38$2,285
Dec 200101,00716.932.36$2,381
Nov 200101,07418.072.41$2,584
Oct 200101,09119.782.53$2,759
Sep 2001097224.262.25$2,188
Aug 200101,09824.873.05$3,352
Jul 2001096023.933.20$3,069
Jun 200101,09724.563.82$4,195
May 200101,47825.524.31$6,366
Apr 200101,25124.685.34$6,674
Mar 200101,12124.545.38$6,027
Feb 200101,18227.755.77$6,817
Jan 200101,52827.478.40$12,833
Dec 200001,55726.889.12$14,204
Nov 200001,15532.215.66$6,535
Oct 2000083931.235.15$4,317
Sep 2000095931.875.19$4,974
Aug 2000085629.644.54$3,887
Jul 200001,66828.534.09$6,822
Jun 200001,42429.304.40$6,262
May 200001,62127.263.68$5,965
Apr 200001,52124.513.12$4,739
Mar 200002,14728.422.86$6,140
Feb 200002,47727.622.73$6,754
Jan 200001,63825.272.48$4,063
Dec 199902,38724.282.42$5,785
Nov 199901,85523.192.43$4,515
Oct 199902,09420.982.80$5,871
Sep 199991,67621.752.62$4,585
Aug 199902,16019.262.88$6,211
Jul 199901,79117.892.37$4,249
Jun 199901,64915.942.36$3,895
May 199901,50215.792.32$3,486
Apr 199901,41015.102.21$3,113
Mar 199902,98412.471.84$5,486
Feb 19991573,0129.981.82$7,042
Jan 1999261,84010.381.90$3,766
Dec 199802,5879.201.77$4,588
Nov 199804,29510.892.19$9,388
Oct 199805,23012.421.97$10,299
Sep 199805,55312.592.08$11,565
Aug 199806,03111.301.91$11,503
Jul 199805,53311.742.24$12,379
Jun 199805,03011.242.24$11,253
May 199801,88112.622.21$4,150
Apr 199803,50713.042.51$8,786
Mar 199805,03012.802.31$11,616
Feb 19981544,88513.952.30$13,380
Jan 199805,90014.702.15$12,713
Dec 199706,51316.322.41$15,703
Nov 199706,95318.193.09$21,473
Oct 1997276,85619.253.15$22,115
Sep 19971526,43217.742.95$21,702
Aug 199708,24817.862.55$21,072
Jul 199709,23117.582.25$20,742
Jun 199709,23117.242.26$20,836
May 19971428,20818.972.31$21,642
Apr 199708,55917.882.08$17,827
Mar 199718,68118.951.94$16,853
Feb 199707,23520.492.21$15,960
Jan 19971609,94823.483.54$38,970
Dec 1996010,26123.32$0
Nov 199615810,67421.97$3,471
Oct 1996012,33423.31$0
Sep 1996011,07422.22$0
Aug 199602,34720.26$0
Jul 199601,84219.55$0
Jun 199601,53718.73$0
May 199601,78819.43$0
Apr 199601,94221.51$0
Mar 199602,24719.38$0
Feb 199602,00116.98$0
Jan 199601,88317.07$0
Dec 199502,26817.19$0
Nov 1995522,35416.00$832
Oct 199501,84615.43$0
Sep 199502,38516.18$0
Aug 199502,96615.92$0
Jul 199503,01115.24$0
Jun 199502,43216.41$0
May 199502,19617.56$0
Apr 199502,90717.73$0
Mar 19951573,98716.44$2,581
Feb 199507,68316.58$0
Jan 1995012,35315.92$0
Dec 19949611,31715.03$1,443
Nov 199412810,41015.90$2,035
Oct 199415312,52315.58$2,384
Sep 1994012,83815.29$0
Aug 1994012,10716.13$0
Jul 199412616,25717.56$2,213
Jun 199412511,03617.09$2,136
May 199412214,65915.88$1,937
Apr 199413214,40514.14$1,866
Mar 19948423,59912.46$1,047
Feb 19949423,59612.50$1,175
Jan 199424426,51012.66$3,089
Dec 199311227,22512.33$1,381
Nov 199316227,24214.49$2,347
Oct 199315526,70715.85$2,457
Sep 199317926,25715.03$2,690
Aug 199318129,22515.66$2,834
Jul 199317435,04215.46$2,690
Jun 199318235,11116.79$3,056
May 199334336,81817.68$6,064
Apr 199318334,88018.05$3,303
Mar 199317839,38618.14$3,229
Feb 199317926,71817.90$3,204
Jan 199335334,69916.93$5,976

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                  274 Mcf  × $  3.05 =       $835

────────────────────────────────────────────────────
Month total                                     $941

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/137999 is the state's own key, not one this site invented.