HEREFORD, L. M.

Name: HEREFORD, L. M. lease production and value, Jul 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MERIT ENERGY COMPANY (P-5 561136) in the LAREDO (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 169499District 04Field 520255002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.9 M

Jul 1998 – May 2026

Value, last 12 filed months

$32 k

at the published price for each month

Months reported

335

no gaps in the span

Streams

condensate, gas

The LAREDO (LOBO) field

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 281 leases and 281 wells, and the rule below applies to all of them.

Discovered

1976-02-01

as the register files it

Field class

Gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1976-02-01.

The Commission's schedule remark for this field reads: “SURVEYS.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2001-08-20	144492
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	2,652 bbl	$76,872
Gas	Production	1,014,175 Mcf	$3,855,947
Total			$3,932,819

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 27.3588, -99.4321. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35878, -99.43215 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

8,008 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 8,008 ft.

Completions filed

Jun 1999

1 of 1 wells

1 well


42-47936989	50	8,008 ft	Jun 1999	—	—

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 (335)

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

335 months


May 2026	3	581	106.41	3.05	$2,089
Apr 2026	3	673	98.93	2.87	$2,228
Mar 2026	3	589	89.75	3.15	$2,124
Feb 2026	0	557	63.50	3.75	$2,089
Jan 2026	3	659	59.13	8.00	$5,448
Dec 2025	3	689	56.66	4.41	$3,211
Nov 2025	3	663	58.59	3.93	$2,779
Oct 2025	3	709	59.38	3.30	$2,521
Sep 2025	3	689	62.74	3.08	$2,308
Aug 2025	3	694	63.93	3.01	$2,284
Jul 2025	3	699	66.74	3.32	$2,518
Jun 2025	4	689	66.48	3.13	$2,422
May 2025	3	711	60.55	3.23	$2,480
Apr 2025	3	690	62.36	3.54	$2,632
Mar 2025	3	693	67.70	4.27	$3,161
Feb 2025	3	677	70.88	4.34	$3,151
Jan 2025	3	822	74.32	4.28	$3,740
Dec 2024	6	603	68.99	3.12	$2,296
Nov 2024	3	739	69.05	2.20	$1,832
Oct 2024	3	770	71.37	2.28	$1,971
Sep 2024	3	750	69.61	2.36	$1,982
Aug 2024	5	799	75.63	2.06	$2,027
Jul 2024	3	815	79.93	2.15	$1,989
Jun 2024	5	755	78.08	2.63	$2,379
May 2024	2	777	78.81	2.20	$1,866
Apr 2024	5	766	84.45	1.66	$1,693
Mar 2024	3	800	80.30	1.55	$1,477
Feb 2024	3	766	76.09	1.78	$1,595
Jan 2024	2	742	73.02	3.30	$2,593
Dec 2023	5	723	71.26	2.61	$2,244
Nov 2023	2	678	77.89	2.81	$2,059
Oct 2023	2	714	85.44	3.09	$2,375
Sep 2023	5	684	89.04	2.74	$2,316
Aug 2023	2	716	80.52	2.67	$2,075
Jul 2023	5	773	74.85	2.64	$2,416
Jun 2023	3	734	68.96	2.26	$1,865
May 2023	5	768	70.62	2.23	$2,064
Apr 2023	3	785	78.12	2.24	$1,991
Mar 2023	3	782	72.85	2.39	$2,090
Feb 2023	2	725	75.11	2.47	$1,938
Jan 2023	2	820	76.53	3.39	$2,931
Dec 2022	6	786	76.41	5.73	$4,962
Nov 2022	2	690	85.00	5.65	$4,066
Oct 2022	4	742	87.18	5.86	$4,700
Sep 2022	2	750	84.88	8.16	$6,293
Aug 2022	2	770	94.52	9.13	$7,217
Jul 2022	2	767	101.58	7.54	$5,988
Jun 2022	4	745	115.09	7.98	$6,403
May 2022	2	785	109.37	8.43	$6,839
Apr 2022	2	803	104.22	6.84	$5,699
Mar 2022	4	866	108.88	5.08	$4,832
Feb 2022	5	795	91.05	4.86	$4,318
Jan 2022	2	873	81.84	4.54	$4,125
Dec 2021	2	854	71.32	3.90	$3,472
Nov 2021	0	738	77.43	5.24	$3,865
Oct 2021	5	558	79.79	5.71	$3,587
Sep 2021	3	801	69.86	5.35	$4,496
Aug 2021	5	828	66.02	4.22	$3,825
Jul 2021	2	814	70.78	3.98	$3,383
Jun 2021	2	835	69.49	3.38	$2,962
May 2021	5	845	63.48	3.02	$2,867
Apr 2021	4	828	60.36	2.76	$2,525
Mar 2021	5	850	61.30	2.72	$2,616
Feb 2021	2	758	57.80	5.55	$4,321
Jan 2021	2	871	50.41	2.81	$2,549
Dec 2020	2	842	44.64	2.68	$2,342
Nov 2020	5	811	38.77	2.71	$2,389
Oct 2020	4	851	36.97	2.48	$2,257
Sep 2020	4	845	37.09	1.99	$1,831
Aug 2020	4	845	39.98	2.39	$2,175
Jul 2020	2	891	38.37	1.83	$1,703
Jun 2020	4	859	34.90	1.69	$1,592
May 2020	2	887	16.92	1.81	$1,644
Apr 2020	4	842	14.75	1.80	$1,578
Mar 2020	4	892	30.34	1.86	$1,777
Feb 2020	4	805	49.88	1.98	$1,794
Jan 2020	2	886	57.25	2.09	$1,970
Dec 2019	6	878	59.01	2.30	$2,377
Nov 2019	2	875	55.30	2.75	$2,517
Oct 2019	2	892	53.47	2.42	$2,264
Sep 2019	4	870	55.05	2.66	$2,532
Aug 2019	5	888	53.11	2.30	$2,312
Jul 2019	2	903	56.27	2.46	$2,334
Jun 2019	2	893	52.78	2.49	$2,330
May 2019	5	927	58.48	2.74	$2,833
Apr 2019	2	833	62.63	2.75	$2,417
Mar 2019	5	879	56.80	3.06	$2,976
Feb 2019	2	843	50.85	2.79	$2,456
Jan 2019	4	934	46.03	3.23	$3,199
Dec 2018	5	893	46.59	4.19	$3,971
Nov 2018	2	927	52.93	4.24	$4,034
Oct 2018	2	970	61.44	3.40	$3,419
Sep 2018	7	915	59.54	3.11	$3,261
Aug 2018	0	891	59.40	3.07	$2,732
Jul 2018	4	920	65.14	2.93	$2,958
Jun 2018	2	916	60.18	3.08	$2,939
May 2018	0	926	65.38	2.90	$2,686
Apr 2018	0	978	63.84	2.90	$2,837
Mar 2018	0	992	61.22	2.79	$2,765
Feb 2018	0	903	61.78	2.77	$2,498
Jan 2018	0	1,011	62.87	4.01	$4,053
Dec 2017	1	1,045	57.27	2.92	$3,110
Nov 2017	0	1,034	55.42	3.12	$3,224
Oct 2017	0	1,043	49.29	2.98	$3,112
Sep 2017	0	1,100	47.52	3.09	$3,396
Aug 2017	0	1,093	45.37	3.00	$3,284
Jul 2017	0	1,105	43.87	3.09	$3,411
Jun 2017	0	1,107	42.49	3.09	$3,418
May 2017	0	1,062	45.37	3.26	$3,466
Apr 2017	0	1,077	47.93	3.21	$3,459
Mar 2017	0	1,205	46.77	2.98	$3,595
Feb 2017	0	1,054	50.45	2.95	$3,112
Jan 2017	0	1,099	49.41	3.42	$3,757
Dec 2016	0	1,039	48.76	3.72	$3,868
Nov 2016	0	986	42.49	2.64	$2,607
Oct 2016	0	1,046	46.19	3.09	$3,232
Sep 2016	0	973	41.55	3.10	$3,017
Aug 2016	0	976	41.44	2.92	$2,854
Jul 2016	0	904	41.62	2.92	$2,644
Jun 2016	0	1,057	45.35	2.69	$2,839
May 2016	0	1,168	42.52	1.99	$2,326
Apr 2016	0	1,030	36.56	1.99	$2,051
Mar 2016	0	1,073	33.01	1.79	$1,925
Feb 2016	2	1,007	26.47	2.06	$2,131
Jan 2016	0	1,117	27.35	2.36	$2,641
Dec 2015	0	1,145	32.36	2.00	$2,292
Nov 2015	0	1,106	38.79	2.17	$2,397
Oct 2015	0	1,168	43.55	2.43	$2,834
Sep 2015	0	1,180	42.99	2.76	$3,255
Aug 2015	0	1,223	40.16	2.87	$3,513
Jul 2015	0	1,152	48.15	2.95	$3,393
Jun 2015	0	1,116	56.15	2.88	$3,217
May 2015	0	1,108	55.21	2.96	$3,275
Apr 2015	0	1,165	49.82	2.71	$3,153
Mar 2015	0	1,122	42.89	2.93	$3,293
Feb 2015	0	1,028	44.66	2.98	$3,060
Jan 2015	0	1,120	43.43	3.10	$3,473
Dec 2014	0	1,122	54.69	3.59	$4,030
Nov 2014	0	1,197	70.46	4.25	$5,089
Oct 2014	0	1,270	78.30	3.90	$4,954
Sep 2014	0	1,242	86.16	4.05	$5,024
Aug 2014	0	1,355	89.39	4.04	$5,468
Jul 2014	0	1,257	96.56	4.18	$5,254
Jun 2014	0	6,653	98.16	4.74	$31,514
May 2014	0	6,683	94.73	4.73	$31,588
Apr 2014	0	6,450	95.94	4.81	$31,019
Mar 2014	0	5,846	95.89	5.06	$29,562
Feb 2014	0	1,127	97.40	6.19	$6,978
Jan 2014	0	1,191	90.40	4.86	$5,789
Dec 2013	0	1,167	91.82	4.35	$5,082
Nov 2013	0	1,410	88.85	3.74	$5,271
Oct 2013	0	1,455	97.42	3.78	$5,499
Sep 2013	0	1,345	104.11	3.72	$5,000
Aug 2013	0	1,141	104.25	3.52	$4,019
Jul 2013	0	1,265	102.52	3.72	$4,703
Jun 2013	0	1,381	94.40	3.93	$5,432
May 2013	0	1,389	94.83	4.15	$5,763
Apr 2013	0	1,471	93.96	4.28	$6,300
Mar 2013	0	1,406	93.62	3.91	$5,502
Feb 2013	0	1,127	91.23	3.42	$3,854
Jan 2013	0	1,147	91.60	3.42	$3,923
Dec 2012	0	1,337	86.77	3.42	$4,573
Nov 2012	0	1,349	86.95	3.62	$4,890
Oct 2012	0	1,346	89.38	3.40	$4,576
Sep 2012	0	1,398	94.67	2.92	$4,080
Aug 2012	0	1,382	92.66	2.91	$4,019
Jul 2012	0	12	85.13	3.02	$36
Jun 2012	2	1,441	79.82	2.52	$3,790
May 2012	0	1,431	91.61	2.49	$3,561
Apr 2012	0	1,554	101.65	2.00	$3,103
Mar 2012	0	1,558	105.05	2.22	$3,462
Feb 2012	0	1,350	101.10	2.57	$3,470
Jan 2012	0	1,375	98.09	2.73	$3,759
Dec 2011	0	1,308	96.87	3.24	$4,238
Nov 2011	0	1,481	95.72	3.31	$4,904
Oct 2011	0	1,584	84.98	3.65	$5,779
Sep 2011	0	1,428	83.62	3.99	$5,692
Aug 2011	0	1,389	83.40	4.15	$5,763
Jul 2011	2	1,510	94.14	4.52	$7,009
Jun 2011	0	1,549	92.90	4.64	$7,187
May 2011	0	1,513	98.13	4.40	$6,664
Apr 2011	0	1,661	105.96	4.33	$7,198
Mar 2011	0	1,562	96.36	4.06	$6,338
Feb 2011	2	1,437	85.64	4.18	$6,178
Jan 2011	0	1,542	86.50	4.59	$7,076
Dec 2010	0	1,403	85.73	4.35	$6,100
Nov 2010	0	1,432	80.84	3.80	$5,435
Oct 2010	0	1,556	78.10	3.51	$5,460
Sep 2010	0	1,574	72.63	3.98	$6,264
Aug 2010	0	1,581	73.68	4.42	$6,987
Jul 2010	0	1,597	72.55	4.74	$7,564
Jun 2010	0	1,504	70.36	4.91	$7,385
May 2010	0	1,471	71.12	4.24	$6,230
Apr 2010	0	1,444	81.69	4.12	$5,953
Mar 2010	0	1,491	78.39	4.39	$6,544
Feb 2010	0	1,290	73.58	5.44	$7,021
Jan 2010	0	1,537	74.36	5.96	$9,167
Dec 2009	0	1,595	71.44	5.48	$8,747
Nov 2009	0	2,188	74.59	3.75	$8,208
Oct 2009	0	1,820	72.54	4.11	$7,481
Sep 2009	2	1,723	65.54	3.06	$5,412
Aug 2009	1	1,801	67.42	3.22	$5,864
Jul 2009	1	1,299	61.13	3.46	$4,562
Jun 2009	1	1,396	66.16	3.90	$5,504
May 2009	3	1,503	54.74	3.93	$6,065
Apr 2009	3	1,667	46.77	3.59	$6,121
Mar 2009	3	1,570	42.14	4.06	$6,499
Feb 2009	1	1,300	32.81	4.63	$6,056
Jan 2009	2	1,428	35.86	5.37	$7,742
Dec 2008	5	1,817	37.10	5.98	$11,046
Nov 2008	3	1,731	55.49	6.86	$12,042
Oct 2008	2	1,835	75.24	6.92	$12,852
Sep 2008	4	1,884	101.76	7.88	$15,247
Aug 2008	3	1,918	114.22	8.48	$16,613
Jul 2008	1	1,812	131.08	11.39	$20,769
Jun 2008	4	1,772	131.33	13.03	$23,619
May 2008	3	1,809	123.17	11.57	$21,307
Apr 2008	1	1,899	110.31	10.45	$19,964
Mar 2008	3	1,852	101.90	9.66	$18,204
Feb 2008	2	1,745	92.53	8.77	$15,490
Jan 2008	1	1,502	90.38	8.21	$12,415
Dec 2007	2	1,678	88.33	7.30	$12,429
Nov 2007	0	1,465	91.67	7.29	$10,682
Oct 2007	9	3,642	82.85	6.92	$25,956
Sep 2007	0	1,737	75.84	6.24	$10,846
Aug 2007	5	2,102	69.06	6.39	$13,773
Jul 2007	2	1,720	70.90	6.39	$11,129
Jun 2007	5	2,090	62.00	7.55	$16,086
May 2007	4	2,256	58.74	7.85	$17,936
Apr 2007	6	2,156	59.61	7.81	$17,186
Mar 2007	5	2,322	56.92	7.30	$17,240
Feb 2007	2	2,034	55.10	8.22	$16,822
Jan 2007	4	2,143	50.30	6.73	$14,617
Dec 2006	2	2,123	56.65	6.92	$14,801
Nov 2006	4	2,255	54.20	7.62	$17,394
Oct 2006	5	2,223	54.90	6.01	$13,643
Sep 2006	4	2,150	60.08	5.04	$11,070
Aug 2006	4	2,405	68.71	7.34	$17,927
Jul 2006	4	2,361	69.37	6.34	$15,253
Jun 2006	4	2,227	66.28	6.38	$14,482
May 2006	7	2,455	66.01	6.42	$16,235
Apr 2006	7	2,404	64.39	7.36	$18,145
Mar 2006	7	2,549	56.70	7.08	$18,451
Feb 2006	8	2,579	57.59	7.75	$20,451
Jan 2006	12	3,127	60.59	8.93	$28,662
Dec 2005	4	2,618	54.94	13.42	$35,341
Nov 2005	4	2,529	54.69	10.59	$26,997
Oct 2005	10	2,672	58.34	13.80	$37,446
Sep 2005	4	2,155	61.45	12.08	$26,276
Aug 2005	11	2,599	61.51	9.80	$26,139
Jul 2005	8	2,785	55.69	7.84	$22,290
Jun 2005	7	2,810	52.33	7.38	$21,107
May 2005	9	3,017	45.22	6.65	$20,474
Apr 2005	15	2,873	49.20	7.36	$21,885
Mar 2005	46	2,941	50.37	7.15	$23,360
Feb 2005	4	2,125	45.22	6.31	$13,594
Jan 2005	12	2,648	43.16	6.32	$17,259
Dec 2004	6	2,656	39.86	6.75	$18,170
Nov 2004	7	2,281	45.28	6.33	$14,757
Oct 2004	6	2,432	49.70	6.52	$16,143
Sep 2004	5	2,355	43.24	5.28	$12,660
Aug 2004	5	2,957	42.37	5.55	$16,625
Jul 2004	11	3,377	38.28	6.08	$20,967
Jun 2004	5	2,752	36.10	6.43	$17,884
May 2004	9	2,885	37.48	6.49	$19,074
Apr 2004	4	3,033	34.47	5.86	$17,907
Mar 2004	5	2,746	34.36	5.53	$15,358
Feb 2004	11	2,781	32.45	5.51	$15,679
Jan 2004	139	4,074	32.03	6.30	$30,117
Dec 2003	10	4,514	30.26	6.30	$28,748
Nov 2003	7	3,559	28.80	4.60	$16,556
Oct 2003	5	3,227	28.17	4.76	$15,500
Sep 2003	11	3,010	26.31	4.75	$14,585
Aug 2003	5	3,181	29.76	5.13	$16,466
Jul 2003	6	2,194	29.41	5.17	$11,521
Jun 2003	4	2,943	28.56	5.98	$17,722
May 2003	7	2,466	26.59	5.97	$14,915
Apr 2003	5	2,337	26.67	5.41	$12,770
Mar 2003	8	2,563	31.14	6.10	$15,873
Feb 2003	7	2,128	33.48	7.93	$17,101
Jan 2003	5	1,902	30.31	5.58	$10,769
Dec 2002	11	2,327	26.91	4.85	$11,591
Nov 2002	14	3,896	24.66	4.14	$16,463
Oct 2002	10	4,437	26.46	4.23	$19,029
Sep 2002	12	4,080	27.44	3.64	$15,161
Aug 2002	12	4,509	25.96	3.16	$14,579
Jul 2002	0	4,209	24.58	3.06	$12,887
Jun 2002	0	4,860	23.73	3.34	$16,224
May 2002	0	4,766	24.66	3.58	$17,081
Apr 2002	0	4,615	23.65	3.51	$16,209
Mar 2002	0	5,988	22.00	3.10	$18,579
Feb 2002	0	4,937	18.22	2.38	$11,729
Jan 2002	0	6,218	17.17	2.38	$14,772
Dec 2001	0	5,664	16.93	2.36	$13,392
Nov 2001	84	5,753	18.07	2.41	$15,357
Oct 2001	0	5,992	19.78	2.53	$15,153
Sep 2001	0	5,777	24.26	2.25	$13,006
Aug 2001	0	5,933	24.87	3.05	$18,114
Jul 2001	0	6,094	23.93	3.20	$19,483
Jun 2001	0	7,316	24.56	3.82	$27,978
May 2001	0	6,842	25.52	4.31	$29,471
Apr 2001	0	6,703	24.68	5.34	$35,763
Mar 2001	0	6,916	24.54	5.38	$37,183
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	7,586	27.47	8.40	$63,713
Dec 2000	0	7,934	26.88	9.12	$72,378
Nov 2000	0	7,200	32.21	5.66	$40,738
Oct 2000	143	8,339	31.23	5.15	$47,374
Sep 2000	0	7,144	31.87	5.19	$37,052
Aug 2000	0	8,637	29.64	4.54	$39,218
Jul 2000	0	8,520	28.53	4.09	$34,845
Jun 2000	0	8,551	29.30	4.40	$37,601
May 2000	0	8,379	27.26	3.68	$30,833
Apr 2000	0	9,601	24.51	3.12	$29,917
Mar 2000	0	11,215	28.42	2.86	$32,072
Feb 2000	135	12,667	27.62	2.73	$38,265
Jan 2000	0	16,496	25.27	2.48	$40,918
Dec 1999	0	10,898	24.28	2.42	$26,414
Nov 1999	0	10,224	23.19	2.43	$24,885
Oct 1999	0	11,547	20.98	2.80	$32,374
Sep 1999	43	13,802	21.75	2.62	$37,081
Aug 1999	0	17,059	19.26	2.88	$49,055
Jul 1999	160	15,715	17.89	2.37	$40,144
Jun 1999	0	5,666	15.94	2.36	$13,384
May 1999	0	7,806	15.79	2.32	$18,118
Apr 1999	0	16,064	15.10	2.21	$35,470
Mar 1999	0	19,533	12.47	1.84	$35,908
Feb 1999	0	21,982	9.98	1.82	$39,959
Jan 1999	157	21,955	10.38	1.90	$43,343
Dec 1998	0	28,061	9.20	1.77	$49,761
Nov 1998	0	15,671	10.89	2.19	$34,252
Oct 1998	205	21,576	12.42	1.97	$45,034
Sep 1998	177	32,700	12.59	2.08	$70,330
Aug 1998	329	45,195	11.30	1.91	$89,920
Jul 1998	254	41,386	11.74	2.24	$95,574

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             3 bbl  × $106.41 =       $319
Gas                  581 Mcf  × $  3.05 =     $1,770

────────────────────────────────────────────────────
Month total                                   $2,089

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/169499 is the state's own key, not one this site invented.