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 139253District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$19 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 – 2002-09-112 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
CondensateDisposition1,097 bbl$38,501
GasProduction431,617 Mcf$1,140,636
Total$1,179,137

156,258 Mcf of this lease's gas, across 47 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 27.3582, -99.4071. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35816, -99.40706 · 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
Jun 1991
1 of 1 wells

1 well

42-47935248438,300 ftJun 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 2026287106.413.05$478
Apr 2026242198.932.87$1,406
Mar 2026238089.753.15$1,376
Feb 2026034363.503.75$1,286
Jan 2026241659.138.00$3,445
Dec 2025249156.664.41$2,280
Nov 2025245558.593.93$1,904
Oct 2025244359.383.30$1,583
Sep 2025241362.743.08$1,396
Aug 2025240063.933.01$1,334
Jul 2025239066.743.32$1,426
Jun 2025244266.483.13$1,516
May 2025243360.553.23$1,521
Apr 2025243762.363.54$1,673
Mar 2025241067.704.27$1,885
Feb 2025241670.884.34$1,948
Jan 2025249674.324.28$2,271
Dec 2024437668.993.12$1,450
Nov 2024250469.052.20$1,246
Oct 2024245171.372.28$1,172
Sep 2024246769.612.36$1,243
Aug 2024346775.632.06$1,191
Jul 2024245179.932.15$1,128
Jun 2024346278.082.63$1,451
May 2024138278.812.20$919
Apr 2024342284.451.66$954
Mar 2024244180.301.55$842
Feb 2024144476.091.78$868
Jan 2024242273.023.30$1,538
Dec 2023346271.262.61$1,420
Nov 2023244777.892.81$1,411
Oct 2023147285.443.09$1,543
Sep 2023341589.042.74$1,402
Aug 2023248380.522.67$1,452
Jul 2023352774.852.64$1,617
Jun 2023149268.962.26$1,180
May 2023448270.622.23$1,356
Apr 2023250978.122.24$1,295
Mar 2023257972.852.39$1,531
Feb 2023251975.112.47$1,430
Jan 2023259876.533.39$2,179
Dec 2022561176.415.73$3,883
Nov 2022255385.005.65$3,292
Oct 2022458487.185.86$3,773
Sep 2022253984.888.16$4,570
Aug 2022245194.529.13$4,305
Jul 20221495101.587.54$3,835
Jun 20223396115.097.98$3,504
May 20222462109.378.43$4,115
Apr 20222537104.226.84$3,880
Mar 20224544108.885.08$3,197
Feb 2022343691.054.86$2,392
Jan 2022245381.844.54$2,219
Dec 2021260271.323.90$2,490
Nov 2021068977.435.24$3,608
Oct 2021188479.795.71$5,131
Sep 202106469.865.35$342
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20211060.362.76$60
Mar 2021326961.302.72$915
Feb 2021145357.805.55$2,571
Jan 2021154050.412.81$1,568
Dec 2020153144.642.68$1,465
Nov 2020353238.772.71$1,556
Oct 2020353136.972.48$1,427
Sep 2020352737.091.99$1,161
Aug 2020356939.982.39$1,477
Jul 2020256638.371.83$1,110
Jun 2020356134.901.69$1,053
May 2020157016.921.81$1,051
Apr 2020356814.751.80$1,069
Mar 2020359530.341.86$1,195
Feb 2020354649.881.98$1,231
Jan 2020152057.252.09$1,147
Dec 2019354759.012.30$1,438
Nov 2019152455.302.75$1,497
Oct 2019155053.472.42$1,384
Sep 2019252055.052.66$1,492
Aug 2019352253.112.30$1,362
Jul 2019152156.272.46$1,338
Jun 2019151452.782.49$1,333
May 2019349758.482.74$1,537
Apr 2019147262.632.75$1,361
Mar 2019352256.803.06$1,769
Feb 2019146950.852.79$1,360
Jan 2019248346.033.23$1,651
Dec 2018350646.594.19$2,258
Nov 2018150452.934.24$2,189
Oct 2018152861.443.40$1,856
Sep 2018441059.543.11$1,512
Aug 2018055459.403.07$1,699
Jul 2018255065.142.93$1,743
Jun 2018154460.183.08$1,734
May 2018054165.382.90$1,569
Apr 2018053763.842.90$1,558
Mar 2018057361.222.79$1,597
Feb 2018049761.782.77$1,375
Jan 2018061862.874.01$2,478
Dec 2017060757.272.92$1,773
Nov 2017058455.423.12$1,821
Oct 2017060749.292.98$1,811
Sep 2017063847.523.09$1,970
Aug 2017063845.373.00$1,917
Jul 2017062143.873.09$1,917
Jun 2017060642.493.09$1,871
May 2017062445.373.26$2,036
Apr 2017054647.933.21$1,754
Mar 2017060246.772.98$1,796
Feb 2017052750.452.95$1,556
Jan 2017052849.413.42$1,805
Dec 2016058948.763.72$2,193
Nov 2016053742.492.64$1,420
Oct 2016060646.193.09$1,873
Sep 2016059241.553.10$1,836
Aug 2016065841.442.92$1,924
Jul 2016050141.622.92$1,465
Jun 2016058245.352.69$1,563
May 2016064842.521.99$1,290
Apr 2016058736.561.99$1,169
Mar 2016058433.011.79$1,048
Feb 2016152926.472.06$1,118
Jan 2016058727.352.36$1,388
Dec 2015063632.362.00$1,273
Nov 2015059838.792.17$1,296
Oct 2015069643.552.43$1,689
Sep 2015042442.992.76$1,170
Aug 2015059440.162.87$1,706
Jul 2015053548.152.95$1,576
Jun 2015060456.152.88$1,741
May 2015053855.212.96$1,590
Apr 2015051049.822.71$1,380
Mar 2015053942.892.93$1,582
Feb 2015052644.662.98$1,565
Jan 2015059143.433.10$1,832
Dec 2014062854.693.59$2,255
Nov 2014059470.464.25$2,526
Oct 2014065278.303.90$2,543
Sep 2014061986.164.05$2,504
Aug 2014064989.394.04$2,619
Jul 2014063696.564.18$2,658
Jun 2014030298.164.74$1,431
May 2014061894.734.73$2,921
Apr 2014061495.944.81$2,953
Mar 2014056195.895.06$2,837
Feb 2014051797.406.19$3,201
Jan 2014055290.404.86$2,683
Dec 2013056291.824.35$2,447
Nov 2013065188.853.74$2,434
Oct 2013065097.423.78$2,457
Sep 20130570104.113.72$2,119
Aug 201301,007104.253.52$3,547
Jul 20130660102.523.72$2,454
Jun 2013065694.403.93$2,580
May 2013040694.834.15$1,685
Apr 2013056293.964.28$2,407
Mar 2013064893.623.91$2,536
Feb 2013088991.233.42$3,040
Jan 2013067591.603.42$2,308
Dec 2012058686.773.42$2,004
Nov 2012058286.953.62$2,110
Oct 2012044489.383.40$1,509
Sep 2012057194.672.92$1,666
Aug 2012058292.662.91$1,693
Jul 20120685.133.02$18
Jun 2012164679.822.52$1,707
May 2012059291.612.49$1,473
Apr 20120617101.652.00$1,232
Mar 20121631105.052.22$1,507
Feb 20120576101.102.57$1,480
Jan 2012063898.092.73$1,744
Dec 2011063896.873.24$2,067
Nov 2011068295.723.31$2,258
Oct 2011071684.983.65$2,612
Sep 2011070283.623.99$2,798
Aug 2011059783.404.15$2,477
Jul 2011043494.144.52$1,960
Jun 2011068692.904.64$3,183
May 2011066798.134.40$2,938
Apr 20110623105.964.33$2,700
Mar 2011068396.364.06$2,771
Feb 2011178585.644.18$3,367
Jan 2011089086.504.59$4,084
Dec 2010084585.734.35$3,674
Nov 2010080780.843.80$3,063
Oct 2010073178.103.51$2,565
Sep 2010079872.633.98$3,176
Aug 2010042773.684.42$1,887
Jul 2010071472.554.74$3,382
Jun 2010075870.364.91$3,722
May 2010058471.124.24$2,473
Apr 2010075981.694.12$3,129
Mar 2010074378.394.39$3,261
Feb 2010068073.585.44$3,701
Jan 2010075574.365.96$4,503
Dec 2009069471.445.48$3,806
Nov 2009067974.593.75$2,547
Oct 2009067272.544.11$2,762
Sep 2009168965.543.06$2,177
Aug 2009183667.423.22$2,758
Jul 2009181561.133.46$2,885
Jun 2009182966.163.90$3,295
May 2009382954.743.93$3,419
Apr 2009158946.773.59$2,160
Mar 2009178942.144.06$3,245
Feb 2009167432.814.63$3,155
Jan 2009176335.865.37$4,134
Dec 2008284337.105.98$5,113
Nov 2008178855.496.86$5,461
Oct 2008187975.246.92$6,160
Sep 20081797101.767.88$6,380
Aug 20081799114.228.48$6,892
Jul 20082847131.0811.39$9,909
Jun 20082825131.3313.03$11,015
May 20081828123.1711.57$9,707
Apr 20081828110.3110.45$8,767
Mar 20081792101.909.66$7,756
Feb 2008181792.538.77$7,258
Jan 2008191690.388.21$7,607
Dec 2007172288.337.30$5,360
Nov 2007087991.677.29$6,409
Oct 2007489282.856.92$6,506
Sep 2007072675.846.24$4,533
Aug 2007274869.066.39$4,916
Jul 2007179470.906.39$5,143
Jun 2007287862.007.55$6,752
May 2007299358.747.85$7,909
Apr 2007385159.617.81$6,821
Mar 2007299256.927.30$7,357
Feb 2007190355.108.22$7,474
Jan 200721,04150.306.73$7,103
Dec 2006398556.656.92$6,985
Nov 200621,02354.207.62$7,901
Oct 200611,04654.906.01$6,345
Sep 200641,04960.085.04$5,524
Aug 200621,20668.717.34$8,989
Jul 200621,30969.376.34$8,441
Jun 200621,32066.286.38$8,559
May 2006242766.016.42$2,876
Apr 2006277264.397.36$5,811
Mar 2006256856.707.08$4,137
Feb 2006229757.597.75$2,417
Jan 2006239460.598.93$3,641
Dec 2005136754.9413.42$4,978
Nov 2005134454.6910.59$3,697
Oct 2005145258.3413.80$6,294
Sep 2005140061.4512.08$4,893
Aug 2005366561.519.80$6,699
Jul 2005175555.697.84$5,978
Jun 2005285852.337.38$6,438
May 2005182345.226.65$5,519
Apr 2005461449.207.36$4,716
Mar 2005281950.377.15$5,961
Feb 2005377045.226.31$4,996
Jan 20053681043.166.32$6,675
Dec 2004595839.866.75$6,667
Nov 2004192145.286.33$5,876
Oct 2004294949.706.52$6,282
Sep 200431,11243.245.28$6,005
Aug 2004288842.375.55$5,014
Jul 200421,09138.286.08$6,714
Jun 2004292236.106.43$6,003
May 20041961,07137.486.49$14,302
Apr 200411,02034.475.86$6,010
Mar 2004493734.365.53$5,319
Feb 2004292932.455.51$5,183
Jan 200451,17632.036.30$7,569
Dec 200341,27230.266.30$8,137
Nov 200321,15428.804.60$5,360
Oct 200341,25528.174.76$6,086
Sep 200321,10326.314.75$5,291
Aug 200321,06329.765.13$5,512
Jul 200311,00829.415.17$5,242
Jun 2003148128.565.98$2,906
May 2003594226.595.97$5,759
Apr 200321,00926.675.41$5,509
Mar 200381,17331.146.10$7,400
Feb 200351,06233.487.93$8,585
Jan 200351,16730.315.58$6,666
Dec 200251,00326.914.85$5,003
Nov 2002488124.664.14$3,743
Oct 2002297626.464.23$4,181
Sep 200231,06327.443.64$3,947
Aug 2002295625.963.16$3,077
Jul 200201,00224.583.06$3,068
Jun 200201,04223.733.34$3,478
May 200201,04624.663.58$3,749
Apr 2002087323.653.51$3,066
Mar 200201,03622.003.10$3,214
Feb 2002082818.222.38$1,967
Jan 2002074017.172.38$1,758
Dec 2001073416.932.36$1,735
Nov 2001079918.072.41$1,922
Oct 2001076519.782.53$1,935
Sep 2001057124.262.25$1,286
Aug 2001052624.873.05$1,606
Jul 2001099323.933.20$3,175
Jun 2001087824.563.82$3,358
May 200101,16925.524.31$5,035
Apr 2001097424.685.34$5,197
Mar 2001094424.545.38$5,075
Feb 2001085427.755.77$4,925
Jan 2001088527.478.40$7,433
Dec 200001,16526.889.12$10,628
Nov 200001,09432.215.66$6,190
Oct 200001,31131.235.15$6,746
Sep 2000077531.875.19$4,020
Aug 200001,03929.644.54$4,718
Jul 200001,18828.534.09$4,859
Jun 200001,30329.304.40$5,730
May 200001,13827.263.68$4,188
Apr 200001,08924.513.12$3,393
Mar 200001,36028.422.86$3,889
Feb 200001,40427.622.73$3,828
Jan 200001,31125.272.48$3,252
Dec 199901,49924.282.42$3,633
Nov 199901,41123.192.43$3,434
Oct 199901,42420.982.80$3,992
Sep 199901,37621.752.62$3,604
Aug 199901,65719.262.88$4,765
Jul 199901,64817.892.37$3,910
Jun 199901,49915.942.36$3,541
May 199901,49915.792.32$3,479
Apr 199901,46715.102.21$3,239
Mar 199901,59712.471.84$2,936
Feb 199901,6349.981.82$2,970
Jan 19991231,91910.381.90$4,923
Dec 199801,0479.201.77$1,857
Nov 199801,39910.892.19$3,058
Oct 199801,40412.421.97$2,765
Sep 199801,31012.592.08$2,728
Aug 199801,35611.301.91$2,586
Jul 199801,66311.742.24$3,721
Jun 199801,76211.242.24$3,942
May 199801,76012.622.21$3,883
Apr 199801,77913.042.51$4,457
Mar 199801,73612.802.31$4,009
Feb 199801,57313.952.30$3,617
Jan 199801,91814.702.15$4,133
Dec 199701,71216.322.41$4,128
Nov 199701,66018.193.09$5,127
Oct 199701,90819.253.15$6,010
Sep 199701,86817.742.95$5,520
Aug 199702,31817.862.55$5,922
Jul 1997102,31217.582.25$5,371
Jun 199712,31217.242.26$5,236
May 199701,99818.972.31$4,612
Apr 199701,76417.882.08$3,674
Mar 199702,13418.951.94$4,138
Feb 199702,22720.492.21$4,913
Jan 199702,32223.483.54$8,219
Dec 199602,33023.32$0
Nov 199602,48621.97$0
Oct 199602,54923.31$0
Sep 199602,89322.22$0
Aug 199602,96820.26$0
Jul 199602,69819.55$0
Jun 199602,82018.73$0
May 19961573,19219.43$3,051
Apr 19960021.51$0
Mar 199602,37619.38$0
Feb 199602,53916.98$0
Jan 199602,92117.07$0
Dec 199502,44817.19$0
Nov 199502,24716.00$0
Oct 199502,85215.43$0
Sep 199502,68516.18$0
Aug 199502,86915.92$0
Jul 199502,28715.24$0
Jun 199532,88416.41$49
May 199503,12917.56$0
Apr 199503,18417.73$0
Mar 199502,89816.44$0
Feb 199502,79316.58$0
Jan 199503,03715.92$0
Dec 199403,12915.03$0
Nov 199403,07115.90$0
Oct 199403,19115.58$0
Sep 199402,77715.29$0
Aug 199403,21616.13$0
Jul 199403,20217.56$0
Jun 199402,99217.09$0
May 199423,28015.88$32
Apr 199403,38214.14$0
Mar 199403,09512.46$0
Feb 199403,22312.50$0
Jan 199413,55112.66$13
Dec 199303,94712.33$0
Nov 199303,57914.49$0
Oct 199304,26915.85$0
Sep 199304,36515.03$0
Aug 19931954,44315.66$3,054
Jul 199303,99915.46$0
Jun 199304,47816.79$0
May 199305,17517.68$0
Apr 199304,28318.05$0
Mar 199315,04618.14$18
Feb 199305,11417.90$0
Jan 199306,36616.93$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             2 bbl  × $106.41 =       $213
Gas                   87 Mcf  × $  3.05 =       $265

────────────────────────────────────────────────────
Month total                                     $478

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/139253 is the state's own key, not one this site invented.