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 168181District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$23.6 M
Apr 1998 – May 2026
Value, last 12 filed months
$142 k
at the published price for each month
Months reported
338
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 Gas112001-08-20144486
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
CondensateDisposition31,560 bbl$673,624
GasProduction6,276,899 Mcf$22,932,573
Total$23,606,197

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 27.3509, -99.4232. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35093, -99.42318 · 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
7,750 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 7,750 ft.

Completions filed
Apr 1998
1 of 1 wells

1 well

42-47936899487,750 ftApr 1998

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 (338)

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

338 months

May 2026142,693106.413.05$9,692
Apr 2026142,87998.932.87$9,647
Mar 2026122,53389.753.15$9,055
Feb 202602,25663.503.75$8,461
Jan 2026132,71459.138.00$22,475
Dec 2025133,05456.664.41$14,215
Nov 2025133,09258.593.93$12,902
Oct 2025133,37959.383.30$11,939
Sep 2025123,26962.743.08$10,811
Aug 2025123,22063.933.01$10,475
Jul 2025123,20166.743.32$11,413
Jun 2025123,18766.483.13$10,769
May 2025133,36960.553.23$11,677
Apr 2025133,20262.363.54$12,156
Mar 2025133,28567.704.27$14,902
Feb 2025113,13970.884.34$14,406
Jan 202573,90874.324.28$17,241
Dec 2024252,19268.993.12$8,567
Nov 2024113,08269.052.20$7,535
Oct 2024103,31971.372.28$8,286
Sep 2024103,19369.612.36$8,246
Aug 2024213,26275.632.06$8,320
Jul 2024113,40279.932.15$8,182
Jun 2024203,24078.082.63$10,096
May 2024113,20678.812.20$7,915
Apr 2024243,23484.451.66$7,393
Mar 2024133,08480.301.55$5,809
Feb 2024133,15276.091.78$6,611
Jan 2024143,48973.023.30$12,528
Dec 2023233,65571.262.61$11,181
Nov 2023123,07777.892.81$9,574
Oct 2023113,42085.443.09$11,498
Sep 2023233,67989.042.74$12,110
Aug 2023123,83880.522.67$11,225
Jul 2023243,80874.852.64$11,856
Jun 2023143,81068.962.26$9,570
May 2023294,24870.622.23$11,510
Apr 2023154,12078.122.24$10,391
Mar 2023154,57972.852.39$12,051
Feb 2023124,48275.112.47$11,953
Jan 2023113,47776.533.39$12,621
Dec 2022262,99376.415.73$19,134
Nov 2022113,27785.005.65$19,438
Oct 2022213,49487.185.86$22,319
Sep 2022103,72084.888.16$31,218
Aug 2022113,61094.529.13$33,989
Jul 2022123,891101.587.54$30,565
Jun 2022213,706115.097.98$31,980
May 2022113,951109.378.43$34,522
Apr 2022113,815104.226.84$27,232
Mar 2022223,740108.885.08$21,381
Feb 2022233,64191.054.86$19,785
Jan 2022134,25581.844.54$20,372
Dec 2021134,10771.323.90$16,941
Nov 202103,85077.435.24$20,162
Oct 2021272,62179.795.71$17,130
Sep 2021133,98569.865.35$22,232
Aug 2021254,32666.024.22$19,909
Jul 2021123,82470.783.98$16,077
Jun 2021123,98769.493.38$14,312
May 2021224,19063.483.02$14,041
Apr 2021204,11760.362.76$12,564
Mar 2021214,40061.302.72$13,242
Feb 2021113,39457.805.55$19,466
Jan 2021114,06450.412.81$11,975
Dec 2020114,01644.642.68$11,236
Nov 2020223,89038.772.71$11,382
Oct 2020203,94936.972.48$10,527
Sep 2020204,01937.091.99$8,744
Aug 2020223,99739.982.39$10,413
Jul 2020124,34938.371.83$8,398
Jun 2020234,34334.901.69$8,144
May 2020113,91116.921.81$7,284
Apr 2020213,05914.751.80$5,829
Mar 2020213,86830.341.86$7,817
Feb 2020203,82449.881.98$8,572
Jan 2020104,21857.252.09$9,408
Dec 2019274,26159.012.30$11,412
Nov 2019104,25955.302.75$12,268
Oct 2019104,30453.472.42$10,944
Sep 2019194,12455.052.66$12,005
Aug 2019244,40653.112.30$11,428
Jul 201994,31556.272.46$11,122
Jun 2019104,11452.782.49$10,777
May 2019214,38458.482.74$13,242
Apr 2019114,03562.632.75$11,788
Mar 2019244,18556.803.06$14,178
Feb 2019133,92250.852.79$11,612
Jan 2019174,18746.033.23$14,299
Dec 2018214,08346.594.19$18,068
Nov 2018103,99652.934.24$17,461
Oct 2018114,21261.443.40$14,989
Sep 2018324,23759.543.11$15,074
Aug 201804,38459.403.07$13,444
Jul 2018224,30965.142.93$14,067
Jun 2018104,79760.183.08$15,362
May 201804,81665.382.90$13,970
Apr 201804,59863.842.90$13,338
Mar 201804,70061.222.79$13,098
Feb 201814,33561.782.77$12,053
Jan 201804,92862.874.01$19,758
Dec 201705,24557.272.92$15,323
Nov 201704,58055.423.12$14,282
Oct 201714,88249.292.98$14,616
Sep 201705,13947.523.09$15,866
Aug 201705,83045.373.00$17,516
Jul 201704,29843.873.09$13,269
Jun 201705,75142.493.09$17,755
May 201705,35445.373.26$17,472
Apr 201705,02847.933.21$16,148
Mar 201705,59046.772.98$16,679
Feb 201705,59250.452.95$16,511
Jan 201705,92549.413.42$20,256
Dec 201605,87748.763.72$21,879
Nov 201605,48442.492.64$14,502
Oct 201604,82546.193.09$14,911
Sep 201602,97941.553.10$9,237
Aug 201603,53141.442.92$10,326
Jul 201603,19441.622.92$9,340
Jun 201604,30945.352.69$11,573
May 201604,46642.521.99$8,892
Apr 201604,68036.561.99$9,318
Mar 201605,02933.011.79$9,022
Feb 201695,06626.472.06$10,693
Jan 201605,62227.352.36$13,292
Dec 201506,46932.362.00$12,947
Nov 201505,89338.792.17$12,772
Oct 201504,99843.552.43$12,128
Sep 201501,78642.992.76$4,927
Aug 201504,00040.162.87$11,490
Jul 201506,08248.152.95$17,912
Jun 201505,93656.152.88$17,113
May 201506,15755.212.96$18,197
Apr 201505,51549.822.71$14,927
Mar 201506,08742.892.93$17,864
Feb 201505,22644.662.98$15,554
Jan 201505,30643.433.10$16,452
Dec 201405,29354.693.59$19,009
Nov 201406,40770.464.25$27,242
Oct 201406,40178.303.90$24,970
Sep 201406,27286.164.05$25,373
Aug 201407,08889.394.04$28,601
Jul 201406,42896.564.18$26,866
Jun 201406,68198.164.74$31,647
May 201404,85494.734.73$22,943
Apr 201405,52695.944.81$26,575
Mar 201406,13195.895.06$31,003
Feb 201405,86597.406.19$36,316
Jan 201406,27390.404.86$30,491
Dec 201306,17891.824.35$26,902
Nov 201304,35688.853.74$16,284
Oct 201306,55297.423.78$24,762
Sep 201305,896104.113.72$21,920
Aug 201305,003104.253.52$17,624
Jul 201306,691102.523.72$24,875
Jun 201306,52394.403.93$25,658
May 201305,70394.834.15$23,662
Apr 201306,90193.964.28$29,554
Mar 201306,36793.623.91$24,913
Feb 201304,55591.233.42$15,578
Jan 201306,28491.603.42$21,491
Dec 201206,28386.773.42$21,489
Nov 201206,32086.953.62$22,910
Oct 201206,61089.383.40$22,472
Sep 201206,42294.672.92$18,742
Aug 201206,47592.662.91$18,830
Jul 201206385.133.02$190
Jun 201226,85279.822.52$17,420
May 201207,08791.612.49$17,635
Apr 201207,169101.652.00$14,315
Mar 2012216,390105.052.22$16,405
Feb 201204,480101.102.57$11,515
Jan 201206,42298.092.73$17,558
Dec 201106,88896.873.24$22,315
Nov 201106,91095.723.31$22,881
Oct 201107,53084.983.65$27,474
Sep 201106,39183.623.99$25,473
Aug 201106,35783.404.15$26,377
Jul 2011156,71694.144.52$31,750
Jun 201107,05792.904.64$32,744
May 201106,80598.134.40$29,975
Apr 201107,400105.964.33$32,066
Mar 201107,72496.364.06$31,339
Feb 2011105,33785.644.18$23,165
Jan 201107,22986.504.59$33,172
Dec 201007,32985.734.35$31,865
Nov 201007,35280.843.80$27,903
Oct 201006,90378.103.51$24,222
Sep 201007,32372.633.98$29,142
Aug 201007,18973.684.42$31,771
Jul 201006,67372.554.74$31,607
Jun 201006,79170.364.91$33,347
May 201007,16971.124.24$30,362
Apr 201007,28281.694.12$30,021
Mar 201006,85578.394.39$30,084
Feb 201006,63873.585.44$36,126
Jan 201007,47274.365.96$44,564
Dec 200907,65571.445.48$41,978
Nov 2009012,47174.593.75$46,785
Oct 2009010,40372.544.11$42,759
Sep 200998,66065.543.06$27,131
Aug 200999,35267.423.22$30,706
Jul 200999,81461.133.46$34,551
Jun 200999,63966.163.90$38,139
May 2009199,86154.743.93$39,752
Apr 20091910,76446.773.59$39,504
Mar 20091810,59842.144.06$43,776
Feb 2009109,29532.814.63$43,392
Jan 20091110,05635.865.37$54,405
Dec 20082711,17737.105.98$67,808
Nov 20081910,77555.496.86$74,975
Oct 200898,63975.246.92$60,476
Sep 20081910,160101.767.88$81,965
Aug 2008179,744114.228.48$84,600
Jul 2008810,452131.0811.39$120,091
Jun 20082410,356131.3313.03$138,118
May 20081610,234123.1711.57$120,422
Apr 2008810,302110.3110.45$108,588
Mar 20081711,499101.909.66$112,859
Feb 20081510,78292.538.77$95,952
Jan 2008811,70790.388.21$96,788
Dec 20071511,57688.337.30$85,853
Nov 2007010,23091.677.29$74,594
Oct 20073311,10882.856.92$79,623
Sep 200709,17375.846.24$57,278
Aug 2007197,31669.066.39$48,046
Jul 2007129,70870.906.39$62,865
Jun 20072210,39362.007.55$79,815
May 2007219,94458.747.85$79,257
Apr 20072910,96959.617.81$87,344
Mar 20072511,45556.927.30$85,067
Feb 20071310,78355.108.22$89,309
Jan 20072311,52350.306.73$78,670
Dec 20061210,97756.656.92$76,624
Nov 20062311,77954.207.62$90,973
Oct 20062811,38854.906.01$70,022
Sep 20062312,20560.085.04$62,861
Aug 20062212,06468.717.34$90,060
Jul 20062813,22969.376.34$85,851
Jun 20062916,40366.286.38$106,637
May 20064114,21366.016.42$94,025
Apr 20064014,94964.397.36$112,607
Mar 20063914,50556.707.08$104,949
Feb 20064113,53557.597.75$107,273
Jan 20065914,26660.598.93$131,018
Dec 20052715,80054.9413.42$213,447
Nov 20052715,17154.6910.59$162,113
Oct 20055615,47858.3413.80$216,798
Sep 20052511,92161.4512.08$145,530
Aug 20056315,09861.519.80$151,788
Jul 20054016,04955.697.84$128,110
Jun 20053413,94652.337.38$104,715
May 20053813,07945.226.65$88,709
Apr 20056110,50149.207.36$80,294
Mar 20054613,61450.377.15$99,724
Feb 20054413,23845.226.31$85,547
Jan 200525215,31743.166.32$107,713
Dec 20043812,99039.866.75$89,211
Nov 20044214,65445.286.33$94,668
Oct 20043915,56849.706.52$103,365
Sep 20042315,84443.245.28$84,713
Aug 20042314,32542.375.55$80,488
Jul 20045516,16138.286.08$100,432
Jun 20042913,95436.106.43$90,813
May 20044915,60137.486.49$103,158
Apr 200418816,74534.475.86$104,580
Mar 20042815,76634.365.53$88,150
Feb 20045515,75632.455.51$88,594
Jan 20046818,19232.036.30$116,781
Dec 200319218,29730.266.30$121,111
Nov 20034217,90428.804.60$83,481
Oct 20033219,64628.174.76$94,409
Sep 200323118,71126.314.75$94,943
Aug 20034820,58329.765.13$107,014
Jul 20034021,84529.415.17$114,133
Jun 20033019,00528.565.98$114,563
May 200323521,85726.595.97$136,794
Apr 20034622,52326.675.41$123,015
Mar 20037722,69731.146.10$140,760
Feb 200326221,35833.487.93$178,053
Jan 20035524,05930.315.58$135,965
Dec 20027923,73826.914.85$117,344
Nov 200225423,09524.664.14$101,807
Oct 20025725,10826.464.23$107,693
Sep 20027723,83127.443.64$88,743
Aug 200224127,16025.963.16$92,195
Jul 2002027,36224.583.06$83,776
Jun 2002025,56923.733.34$85,355
May 2002027,05124.663.58$96,951
Apr 200217628,25923.653.51$103,417
Mar 2002031,74922.003.10$98,508
Feb 200216132,50718.222.38$80,160
Jan 200216437,82417.172.38$92,674
Dec 2001028,54216.932.36$67,485
Nov 200116231,75518.072.41$79,315
Oct 200116333,91519.782.53$88,991
Sep 2001033,08924.262.25$74,494
Aug 200115037,30624.873.05$117,632
Jul 200114735,65123.933.20$117,497
Jun 200116135,03124.563.82$137,918
May 200117737,89425.524.31$167,739
Apr 200116942,76424.685.34$232,331
Mar 200116052,35324.545.38$285,399
Feb 200117336,23127.755.77$213,748
Jan 200116641,46727.478.40$352,831
Dec 200021645,46526.889.12$420,561
Nov 200016845,93932.215.66$265,334
Oct 20004352,45531.235.15$271,250
Sep 200017648,57631.875.19$257,549
Aug 200016851,98329.644.54$241,021
Jul 200022254,32928.534.09$228,526
Jun 2000054,78329.304.40$240,895
May 200017567,80027.263.68$254,258
Apr 200035272,78324.513.12$235,419
Mar 200017479,50528.422.86$232,310
Feb 200034578,52627.622.73$223,630
Jan 200036489,84125.272.48$232,049
Dec 199936376,90724.282.42$195,215
Nov 199935086,21023.192.43$217,951
Oct 199953883,84720.982.80$246,370
Sep 199953483,58121.752.62$230,501
Aug 199936588,53519.262.88$261,621
Jul 1999534113,98617.892.37$279,970
Jun 199934080,00815.942.36$194,407
May 199954698,43315.792.32$237,086
Apr 1999722105,71915.102.21$244,335
Mar 1999722105,32112.471.84$202,618
Feb 199971878,8669.981.82$150,527
Jan 1999908206,10710.381.90$401,018
Dec 1998909129,3179.201.77$237,683
Nov 19981,095137,33610.892.19$312,103
Oct 19981,266165,92012.421.97$342,455
Sep 19981,579171,45512.592.08$376,955
Aug 19981,760193,17511.301.91$388,340
Jul 19982,291214,01911.742.24$505,715
Jun 19982,423223,26811.242.24$526,745
May 19982,805199,18712.622.21$474,873
Apr 199848240,55513.042.51$107,889

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            14 bbl  × $106.41 =     $1,490
Gas                2,693 Mcf  × $  3.05 =     $8,202

────────────────────────────────────────────────────
Month total                                   $9,692

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/168181 is the state's own key, not one this site invented.