HEREFORD, L. M. "B"

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 155901District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$650 k
Feb 1995 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
376
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 Gas112001-08-20144481
NGPA1none

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
CondensateDisposition665 bbl$18,143
GasProduction225,196 Mcf$631,974
Total$650,116

68,240 Mcf of this lease's gas, across 16 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 27.3355, -99.4086. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.33554, -99.40856 · 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
8,700 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 8,700 ft.

Completions filed
Feb 1995
1 of 1 wells

1 well

42-47936205478,700 ftFeb 1995

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 (376)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

376 months

May 2026066106.413.05$201
Apr 202614698.932.87$231
Mar 202604589.753.15$142
Feb 202605263.503.75$195
Jan 202605459.138.00$432
Dec 202505756.664.41$252
Nov 202506858.593.93$267
Oct 202507659.383.30$251
Sep 202506962.743.08$212
Aug 202507163.933.01$214
Jul 202506866.743.32$225
Jun 202506066.483.13$188
May 202506560.553.23$210
Apr 202506462.363.54$227
Mar 202516767.704.27$354
Feb 202507970.884.34$343
Jan 2025010274.324.28$436
Dec 202416168.993.12$259
Nov 202416369.052.20$208
Oct 202408571.372.28$194
Sep 202408969.612.36$210
Aug 202419575.632.06$272
Jul 202409879.932.15$210
Jun 202419478.082.63$326
May 202408678.812.20$189
Apr 202419184.451.66$235
Mar 202407280.301.55$111
Feb 202408976.091.78$159
Jan 202409473.023.30$310
Dec 202309071.262.61$235
Nov 202306277.892.81$174
Oct 202306985.443.09$213
Sep 202305989.042.74$161
Aug 202306180.522.67$163
Jul 202307674.852.64$201
Jun 202306968.962.26$156
May 202319070.622.23$271
Apr 202308678.122.24$192
Mar 202308872.852.39$211
Feb 202307375.112.47$180
Jan 202307276.533.39$244
Dec 202217376.415.73$495
Nov 202206385.005.65$356
Oct 202206687.185.86$387
Sep 202206884.888.16$555
Aug 202207094.529.13$639
Jul 2022072101.587.54$543
Jun 2022071115.097.98$566
May 2022076109.378.43$641
Apr 2022073104.226.84$499
Mar 2022077108.885.08$391
Feb 202206891.054.86$330
Jan 202207681.844.54$345
Dec 202107371.323.90$285
Nov 202105977.435.24$309
Oct 202104579.795.71$257
Sep 202106969.865.35$369
Aug 202104966.024.22$207
Jul 202101570.783.98$60
Jun 2021010169.493.38$341
May 202109663.483.02$290
Apr 202107560.362.76$207
Mar 202117561.302.72$265
Feb 202108157.805.55$449
Jan 202109650.412.81$270
Dec 2020011644.642.68$310
Nov 2020111338.772.71$345
Oct 2020011236.972.48$278
Sep 202009937.091.99$197
Aug 202009139.982.39$217
Jul 202009438.371.83$172
Jun 202007034.901.69$118
May 202007416.921.81$134
Apr 202006914.751.80$125
Mar 202007030.341.86$130
Feb 202003149.881.98$61
Jan 202008457.252.09$176
Dec 201908059.012.30$184
Nov 201907055.302.75$193
Oct 201907753.472.42$186
Sep 201907855.052.66$207
Aug 201917353.112.30$221
Jul 201908056.272.46$197
Jun 201907152.782.49$177
May 201908058.482.74$219
Apr 201907262.632.75$198
Mar 201907256.803.06$220
Feb 201905850.852.79$162
Jan 201904046.033.23$129
Dec 201804246.594.19$176
Nov 201804152.934.24$174
Oct 201805561.443.40$187
Sep 201803859.543.11$118
Aug 201804759.403.07$144
Jul 201803565.142.93$103
Jun 201805060.183.08$154
May 201802965.382.90$84
Apr 201803863.842.90$110
Mar 201802161.222.79$59
Feb 201804361.782.77$119
Jan 201808762.874.01$349
Dec 201709057.272.92$263
Nov 201708955.423.12$278
Oct 201709149.292.98$272
Sep 2017013347.523.09$411
Aug 2017012145.373.00$364
Jul 2017011243.873.09$346
Jun 2017010842.493.09$333
May 2017011545.373.26$375
Apr 2017010547.933.21$337
Mar 2017011346.772.98$337
Feb 2017010750.452.95$316
Jan 2017013749.413.42$468
Dec 2016020148.763.72$748
Nov 2016023742.492.64$627
Oct 2016023946.193.09$739
Sep 2016022541.553.10$698
Aug 2016024741.442.92$722
Jul 2016010841.622.92$316
Jun 201606445.352.69$172
May 2016010742.521.99$213
Apr 2016010536.561.99$209
Mar 2016011633.011.79$208
Feb 2016117026.472.06$377
Jan 2016018827.352.36$445
Dec 2015023432.362.00$468
Nov 2015018038.792.17$390
Oct 2015089743.552.43$2,177
Sep 2015088542.992.76$2,441
Aug 2015025640.162.87$735
Jul 2015022148.152.95$651
Jun 2015029256.152.88$842
May 2015033555.212.96$990
Apr 2015033849.822.71$915
Mar 2015038642.892.93$1,133
Feb 2015040344.662.98$1,199
Jan 2015053043.433.10$1,643
Dec 2014047054.693.59$1,688
Nov 2014041270.464.25$1,752
Oct 2014050378.303.90$1,962
Sep 2014050986.164.05$2,059
Aug 2014054289.394.04$2,187
Jul 2014048796.564.18$2,035
Jun 2014055498.164.74$2,624
May 2014054594.734.73$2,576
Apr 2014052795.944.81$2,534
Mar 2014050695.895.06$2,559
Feb 2014047297.406.19$2,923
Jan 2014051590.404.86$2,503
Dec 2013050191.824.35$2,182
Nov 2013054588.853.74$2,037
Oct 2013064497.423.78$2,434
Sep 20130590104.113.72$2,193
Aug 20130896104.253.52$3,156
Jul 20130555102.523.72$2,063
Jun 2013053694.403.93$2,108
May 2013063294.834.15$2,622
Apr 2013055693.964.28$2,381
Mar 2013060993.623.91$2,383
Feb 2013090491.233.42$3,092
Jan 2013038691.603.42$1,320
Dec 2012061786.773.42$2,110
Nov 2012062786.953.62$2,273
Oct 2012066889.383.40$2,271
Sep 2012062294.672.92$1,815
Aug 2012053392.662.91$1,550
Jul 20120485.133.02$12
Jun 2012113879.822.52$427
May 20120091.612.49$0
Apr 201206101.652.00$12
Mar 2012040105.052.22$89
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 201104584.983.65$164
Sep 20110083.623.99$0
Aug 2011014183.404.15$585
Jul 201104494.144.52$199
Jun 20110092.904.64$0
May 201101598.134.40$66
Apr 2011070105.964.33$303
Mar 201101796.364.06$69
Feb 201111885.644.18$161
Jan 2011014386.504.59$656
Dec 201005985.734.35$257
Nov 201003680.843.80$137
Oct 201009578.103.51$333
Sep 2010021172.633.98$840
Aug 2010019873.684.42$875
Jul 2010014772.554.74$696
Jun 201002970.364.91$142
May 2010018171.124.24$767
Apr 201003081.694.12$124
Mar 2010013978.394.39$610
Feb 2010021773.585.44$1,181
Jan 2010027874.365.96$1,658
Dec 2009021671.445.48$1,184
Nov 2009019874.593.75$743
Oct 2009023272.544.11$954
Sep 2009020465.543.06$625
Aug 2009022067.423.22$708
Jul 2009017161.133.46$592
Jun 2009017266.163.90$670
May 2009125654.743.93$1,060
Apr 2009026146.773.59$936
Mar 2009029742.144.06$1,206
Feb 2009030032.814.63$1,390
Jan 2009028835.865.37$1,547
Dec 2008132737.105.98$1,992
Nov 2008129555.496.86$2,079
Oct 2008041075.246.92$2,838
Sep 20081336101.767.88$2,748
Aug 20080278114.228.48$2,358
Jul 20081320131.0811.39$3,776
Jun 20081320131.3313.03$4,302
May 20080345123.1711.57$3,993
Apr 20080336110.3110.45$3,513
Mar 20081410101.909.66$4,064
Feb 2008029992.538.77$2,622
Jan 2008148290.388.21$4,046
Dec 2007059988.337.30$4,374
Nov 2007018591.677.29$1,349
Oct 2007217482.856.92$1,370
Sep 2007027275.846.24$1,698
Aug 2007133869.066.39$2,228
Jul 2007042270.906.39$2,696
Jun 2007242162.007.55$3,302
May 200721,16458.747.85$9,251
Apr 200711,27959.617.81$10,042
Mar 2007142456.927.30$3,153
Feb 2007024255.108.22$1,988
Jan 2007021050.306.73$1,413
Dec 2006126856.656.92$1,911
Nov 2006128254.207.62$2,202
Oct 2006034354.906.01$2,063
Sep 2006235360.085.04$1,898
Aug 2006140568.717.34$3,041
Jul 2006136269.376.34$2,365
Jun 2006139366.286.38$2,575
May 2006144466.016.42$2,919
Apr 2006143664.397.36$3,274
Mar 2006248856.707.08$3,570
Feb 2006241157.597.75$3,301
Jan 2006248560.598.93$4,454
Dec 2005148054.9413.42$6,494
Nov 2005146054.6910.59$4,925
Oct 2005138658.3413.80$5,384
Sep 2005133361.4512.08$4,084
Aug 2005235061.519.80$3,552
Jul 2005138955.697.84$3,107
Jun 2005136652.337.38$2,754
May 2005135345.226.65$2,393
Apr 2005235649.207.36$2,719
Mar 2005136950.377.15$2,691
Feb 2005233045.226.31$2,173
Jan 20051946943.166.32$3,785
Dec 2004243139.866.75$2,989
Nov 2004146745.286.33$3,002
Oct 2004148449.706.52$3,203
Sep 2004246243.245.28$2,528
Aug 2004155742.375.55$3,134
Jul 2004162938.286.08$3,865
Jun 2004159036.106.43$3,832
May 200411951537.486.49$7,805
Apr 2004162334.475.86$3,684
Mar 2004260634.365.53$3,420
Feb 2004148832.455.51$2,721
Jan 2004366932.036.30$4,311
Dec 2003268430.266.30$4,371
Nov 2003157928.804.60$2,689
Oct 2003266728.174.76$3,231
Sep 2003154126.314.75$2,596
Aug 2003163729.765.13$3,297
Jul 2003160929.415.17$3,178
Jun 2003156628.565.98$3,415
May 2003359426.595.97$3,628
Apr 2003162326.675.41$3,395
Mar 2003452331.146.10$3,313
Feb 2003359233.487.93$4,793
Jan 2003374130.315.58$4,227
Dec 2002477826.914.85$3,884
Nov 2002478024.664.14$3,325
Oct 2002286726.464.23$3,720
Sep 2002283327.443.64$3,083
Aug 2002286325.963.16$2,783
Jul 2002090624.583.06$2,774
Jun 2002084423.733.34$2,817
May 2002089824.663.58$3,218
Apr 2002083923.653.51$2,947
Mar 2002089022.003.10$2,761
Feb 2002076418.222.38$1,815
Jan 2002087517.172.38$2,079
Dec 2001085316.932.36$2,017
Nov 2001091718.072.41$2,206
Oct 2001099519.782.53$2,516
Sep 2001088824.262.25$1,999
Aug 200101,12524.873.05$3,435
Jul 2001087323.933.20$2,791
Jun 200101,19224.563.82$4,558
May 2001088725.524.31$3,821
Apr 2001087724.685.34$4,679
Mar 200101,10124.545.38$5,919
Feb 200101,02527.755.77$5,911
Jan 200101,11327.478.40$9,348
Dec 200001,05526.889.12$9,624
Nov 2000076732.215.66$4,340
Oct 2000094631.235.15$4,868
Sep 2000077831.875.19$4,035
Aug 2000092329.644.54$4,191
Jul 200001,02928.534.09$4,208
Jun 2000092729.304.40$4,076
May 200001,25327.263.68$4,611
Apr 200001,21224.513.12$3,777
Mar 200001,35428.422.86$3,872
Feb 200001,14127.622.73$3,111
Jan 200001,09425.272.48$2,714
Dec 199901,20024.282.42$2,908
Nov 199901,04823.192.43$2,551
Oct 1999094920.982.80$2,661
Sep 1999097821.752.62$2,561
Aug 199901,02019.262.88$2,933
Jul 199901,03617.892.37$2,458
Jun 1999090915.942.36$2,147
May 199901,51115.792.32$3,507
Apr 199901,15415.102.21$2,548
Mar 199901,34712.471.84$2,476
Feb 199901,3969.981.82$2,538
Jan 199901,27310.381.90$2,419
Dec 199801,3419.201.77$2,378
Nov 199801,29010.892.19$2,820
Oct 199801,23012.421.97$2,422
Sep 199801,18712.592.08$2,472
Aug 199801,33211.301.91$2,541
Jul 199801,25711.742.24$2,812
Jun 199801,39211.242.24$3,114
May 199801,43212.622.21$3,159
Apr 199801,39413.042.51$3,492
Mar 199801,34412.802.31$3,104
Feb 19982211,26413.952.30$5,989
Jan 199801,50614.702.15$3,245
Dec 199701,59316.322.41$3,841
Nov 199701,54718.193.09$4,778
Oct 199701,68919.253.15$5,320
Sep 199701,56317.742.95$4,618
Aug 199701,75217.862.55$4,476
Jul 199701,91017.582.25$4,292
Jun 199701,91017.242.26$4,311
May 199701,93318.972.31$4,462
Apr 199701,82217.882.08$3,795
Mar 199702,13118.951.94$4,132
Feb 199702,23220.492.21$4,924
Jan 199702,57423.483.54$9,111
Dec 199602,78623.32$0
Nov 199602,82321.97$0
Oct 199603,01123.31$0
Sep 199603,23022.22$0
Aug 199603,41420.26$0
Jul 199603,62919.55$0
Jun 199603,69318.73$0
May 199603,69219.43$0
Apr 19961923,92621.51$4,130
Mar 199604,17919.38$0
Feb 199604,13616.98$0
Jan 199605,31117.07$0
Dec 199506,08617.19$0
Nov 199506,93516.00$0
Oct 199508,34815.43$0
Sep 199503,04116.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$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             0 bbl  × $106.41 =         $0
Gas                   66 Mcf  × $  3.05 =       $201

────────────────────────────────────────────────────
Month total                                     $201

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/155901 is the state's own key, not one this site invented.