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 142632District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$684 k
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
CondensateDisposition2,540 bbl$48,073
GasProduction315,127 Mcf$635,696
Total$683,769

177,122 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 27.3490, -99.4114. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34900, -99.41136 · 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
8,250 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 8,250 ft.

Completions filed
Aug 1992
1 of 1 wells

1 well

42-47935022408,250 ftAug 1992

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 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 20121079.822.52$80
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011012395.723.31$407
Oct 2011024284.983.65$883
Sep 2011027483.623.99$1,092
Aug 2011041283.404.15$1,710
Jul 2011039594.144.52$1,784
Jun 2011040192.904.64$1,861
May 2011036698.134.40$1,612
Apr 20110367105.964.33$1,590
Mar 2011036896.364.06$1,493
Feb 2011036585.644.18$1,526
Jan 2011042286.504.59$1,936
Dec 2010041585.734.35$1,804
Nov 2010044680.843.80$1,693
Oct 2010046678.103.51$1,635
Sep 2010052972.633.98$2,105
Aug 2010048673.684.42$2,148
Jul 2010042572.554.74$2,013
Jun 2010037070.364.91$1,817
May 2010037171.124.24$1,571
Apr 2010047381.694.12$1,950
Mar 2010047078.394.39$2,063
Feb 2010043573.585.44$2,367
Jan 2010045574.365.96$2,714
Dec 2009035971.445.48$1,969
Nov 2009034774.593.75$1,302
Oct 2009034372.544.11$1,410
Sep 2009042865.543.06$1,312
Aug 2009041467.423.22$1,332
Jul 2009050561.133.46$1,750
Jun 2009043566.163.90$1,694
May 2009248354.743.93$2,006
Apr 2009144446.773.59$1,640
Mar 2009151242.144.06$2,120
Feb 2009042332.814.63$1,960
Jan 2009050035.865.37$2,686
Dec 2008149937.105.98$3,020
Nov 2008153955.496.86$3,753
Oct 2008155475.246.92$3,910
Sep 20081512101.767.88$4,135
Aug 20081730114.228.48$6,307
Jul 20081726131.0811.39$8,400
Jun 20081684131.3313.03$9,046
May 20081634123.1711.57$7,461
Apr 20080611110.3110.45$6,388
Mar 20081652101.909.66$6,403
Feb 2008151992.538.77$4,644
Jan 2008160190.388.21$5,022
Dec 2007161388.337.30$4,564
Nov 2007058491.677.29$4,258
Oct 2007366582.856.92$4,852
Sep 2007064575.846.24$4,027
Aug 2007143069.066.39$2,816
Jul 2007153170.906.39$3,463
Jun 2007154462.007.55$4,168
May 2007161658.747.85$4,892
Apr 2007263259.617.81$5,052
Mar 2007167656.927.30$4,993
Feb 2007159155.108.22$4,911
Jan 2007135850.306.73$2,459
Dec 2006267456.656.92$4,776
Nov 2006172454.207.62$5,569
Oct 2006170254.906.01$4,277
Sep 2006366760.085.04$3,540
Aug 2006172168.717.34$5,361
Jul 2006171669.376.34$4,611
Jun 2006173866.286.38$4,778
May 2006275266.016.42$4,964
Apr 2006272264.397.36$5,443
Mar 2006373556.707.08$5,376
Feb 2006471557.597.75$5,772
Jan 2006599160.598.93$9,156
Dec 2005181854.9413.42$11,029
Nov 2005271454.6910.59$7,670
Oct 2005144358.3413.80$6,170
Sep 2005142061.4512.08$5,135
Aug 2005246161.519.80$4,639
Jul 2005149155.697.84$3,907
Jun 2005138552.337.38$2,894
May 2005140545.226.65$2,739
Apr 2005239149.207.36$2,976
Mar 2005253850.377.15$3,950
Feb 2005245045.226.31$2,931
Jan 2005157143.166.32$3,653
Dec 20041250139.866.75$3,861
Nov 2004152045.286.33$3,337
Oct 2004262449.706.52$4,165
Sep 2004381243.245.28$4,420
Aug 2004285142.375.55$4,808
Jul 200421,08638.286.08$6,684
Jun 2004297836.106.43$6,364
May 200411699537.486.49$10,810
Apr 2004185834.475.86$5,061
Mar 2004375934.365.53$4,300
Feb 2004292932.455.51$5,183
Jan 200451,08132.036.30$6,970
Dec 200341,11730.266.30$7,160
Nov 200321,02328.804.60$4,758
Oct 200331,04828.174.76$5,073
Sep 2003274326.314.75$3,581
Aug 2003287329.765.13$4,538
Jul 2003169729.415.17$3,633
Jun 2003163728.565.98$3,840
May 2003375726.595.97$4,601
Apr 2003270726.675.41$3,876
Mar 2003689131.146.10$5,618
Feb 2003483933.487.93$6,784
Jan 2003376930.315.58$4,384
Dec 2002369226.914.85$3,440
Nov 2002361524.664.14$2,618
Oct 2002273226.464.23$3,149
Sep 2002258527.443.64$2,181
Aug 2002146925.963.16$1,510
Jul 2002061224.583.06$1,874
Jun 2002068023.733.34$2,270
May 2002063024.663.58$2,258
Apr 2002062123.653.51$2,181
Mar 2002072322.003.10$2,243
Feb 2002053418.222.38$1,269
Jan 2002065417.172.38$1,554
Dec 2001064316.932.36$1,520
Nov 2001064018.072.41$1,540
Oct 2001054119.782.53$1,368
Sep 2001062524.262.25$1,407
Aug 2001068924.873.05$2,104
Jul 2001063223.933.20$2,021
Jun 2001064824.563.82$2,478
May 2001089525.524.31$3,855
Apr 2001082624.685.34$4,407
Mar 2001086324.545.38$4,640
Feb 20010027.755.77$0
Jan 2001094627.478.40$7,945
Dec 2000095626.889.12$8,721
Nov 2000099232.215.66$5,613
Oct 2000087131.235.15$4,482
Sep 2000080231.875.19$4,160
Aug 2000083029.644.54$3,769
Jul 2000083328.534.09$3,407
Jun 2000082629.304.40$3,632
May 2000091427.263.68$3,363
Apr 2000090724.513.12$2,826
Mar 200001,12528.422.86$3,217
Feb 200001,23827.622.73$3,375
Jan 200001,14825.272.48$2,848
Dec 199901,30624.282.42$3,165
Nov 199901,21123.192.43$2,948
Oct 199901,22720.982.80$3,440
Sep 199901,12421.752.62$2,944
Aug 199901,12119.262.88$3,224
Jul 199901,19717.892.37$2,840
Jun 199901,04115.942.36$2,459
May 199901,02915.792.32$2,388
Apr 1999099715.102.21$2,201
Mar 199901,04612.471.84$1,923
Feb 199901,1359.981.82$2,063
Jan 1999741,08410.381.90$2,828
Dec 199801,0159.201.77$1,800
Nov 199801,06810.892.19$2,334
Oct 199801,16212.421.97$2,288
Sep 1998089712.592.08$1,868
Aug 1998095311.301.91$1,818
Jul 199801,33011.742.24$2,976
Jun 199801,30811.242.24$2,926
May 199801,30712.622.21$2,884
Apr 199801,38313.042.51$3,465
Mar 199801,41212.802.31$3,261
Feb 199801,10613.952.30$2,543
Jan 199801,53014.702.15$3,297
Dec 199701,42016.322.41$3,424
Nov 199701,34518.193.09$4,154
Oct 199701,39219.253.15$4,385
Sep 19971361,30217.742.95$6,260
Aug 199701,45717.862.55$3,722
Jul 199701,95517.582.25$4,393
Jun 199701,95517.242.26$4,413
May 199701,71018.972.31$3,948
Apr 199701,60817.882.08$3,349
Mar 199701,77918.951.94$3,450
Feb 199701,73320.492.21$3,823
Jan 199701,96923.483.54$6,970
Dec 199601,71123.32$0
Nov 199601,76821.97$0
Oct 199601,93623.31$0
Sep 199602,06222.22$0
Aug 199602,11120.26$0
Jul 199601,67719.55$0
Jun 199601,92518.73$0
May 199601,86119.43$0
Apr 199601,85121.51$0
Mar 199602,11019.38$0
Feb 19961141,52316.98$1,936
Jan 199602,07117.07$0
Dec 199502,40117.19$0
Nov 199502,25616.00$0
Oct 199502,60415.43$0
Sep 199502,72716.18$0
Aug 199502,47715.92$0
Jul 199502,63815.24$0
Jun 199502,46016.41$0
May 199502,71217.56$0
Apr 19951633,25717.73$2,890
Mar 199502,81316.44$0
Feb 199503,02916.58$0
Jan 199503,11415.92$0
Dec 199402,35215.03$0
Nov 199402,88415.90$0
Oct 199402,69815.58$0
Sep 19941892,91915.29$2,890
Aug 199402,62016.13$0
Jul 199403,11117.56$0
Jun 199403,43217.09$0
May 199403,19315.88$0
Apr 199403,32914.14$0
Mar 19941763,54812.46$2,193
Feb 199413,29712.50$13
Jan 199403,82312.66$0
Dec 19931804,49212.33$2,219
Nov 199305,09814.49$0
Oct 199305,74015.85$0
Sep 19931794,97115.03$2,690
Aug 199306,19915.66$0
Jul 19931767,05115.46$2,721
Jun 199307,80216.79$0
May 19931808,98217.68$3,182
Apr 19931768,43418.05$3,177
Mar 19931788,30918.14$3,229
Feb 19931767,15817.90$3,150
Jan 199317510,58616.93$2,963

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.

Jun 2012 — as filed, then multipliedworked
Condensate             1 bbl  × $ 79.82 =        $80
Gas                    0 Mcf  × $  2.52 =         $0

────────────────────────────────────────────────────
Month total                                      $80

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/142632 is the state's own key, not one this site invented.