HEREFORD, L. M.

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 171851District 04Field 520255002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.6 M
Nov 1998 – May 2026
Value, last 12 filed months
$68 k
at the published price for each month
Months reported
331
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112001-08-20144493
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
CondensateDisposition6,912 bbl$205,026
GasProduction2,567,143 Mcf$10,436,722
Total$10,641,748

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 27.3405, -99.4198. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34046, -99.41978 · 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
8,110 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 8,110 ft.

Completions filed
Aug 1999
1 of 1 wells

1 well

42-47937112518,110 ftAug 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 (331)

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

331 months

May 202661,184106.413.05$4,245
Apr 202661,26298.932.87$4,215
Mar 2026696189.753.15$3,565
Feb 202601,25463.503.75$4,703
Jan 202641,61459.138.00$13,145
Dec 2025696856.664.41$4,612
Nov 202561,37358.593.93$5,743
Oct 202561,49159.383.30$5,284
Sep 2025789562.743.08$3,193
Aug 202571,84663.933.01$6,013
Jul 202571,80866.743.32$6,461
Jun 202581,90166.483.13$6,480
May 202581,93260.553.23$6,729
Apr 202581,82462.363.54$6,962
Mar 202581,74467.704.27$7,986
Feb 202591,71670.884.34$8,087
Jan 202592,13174.324.28$9,787
Dec 2024161,43768.993.12$5,589
Nov 202452,02269.052.20$4,791
Oct 202451,87971.372.28$4,644
Sep 202451,68969.612.36$4,341
Aug 2024112,01475.632.06$4,988
Jul 202461,72479.932.15$4,180
Jun 2024131,86678.082.63$5,930
May 202471,95578.812.20$4,850
Apr 2024121,87684.451.66$4,126
Mar 202461,82080.301.55$3,294
Feb 202491,06976.091.78$2,592
Jan 2024111,97673.023.30$7,319
Dec 2023192,68871.262.61$8,372
Nov 202382,50477.892.81$7,653
Oct 202372,25885.443.09$7,569
Sep 2023151,75689.042.74$6,138
Aug 202372,45680.522.67$7,128
Jul 2023182,37774.852.64$7,627
Jun 2023102,67868.962.26$6,738
May 2023223,11370.622.23$8,488
Apr 2023113,09678.122.24$7,787
Mar 2023123,37872.852.39$8,958
Feb 202392,99475.112.47$8,058
Jan 202382,76776.533.39$9,986
Dec 2022242,55076.415.73$16,443
Nov 2022123,06585.005.65$18,326
Oct 2022213,56287.185.86$22,717
Sep 202293,75084.888.16$31,378
Aug 2022103,46194.529.13$32,534
Jul 2022103,584101.587.54$28,047
Jun 2022183,249115.097.98$27,990
May 2022103,071109.378.43$26,992
Apr 202293,308104.226.84$23,557
Mar 2022193,419108.885.08$19,425
Feb 2022213,05891.054.86$16,770
Jan 2022113,52181.844.54$16,877
Dec 202193,32971.323.90$13,622
Nov 202102,75277.435.24$14,412
Oct 2021171,81879.795.71$11,744
Sep 202182,50369.865.35$13,952
Aug 2021162,59666.024.22$12,013
Jul 202182,39470.783.98$10,099
Jun 202161,95069.493.38$7,009
May 202141,35563.483.02$4,343
Apr 2021240160.362.76$1,227
Mar 2021585161.302.72$2,619
Feb 202151,22257.805.55$7,069
Jan 202161,47150.412.81$4,436
Dec 202072,35344.642.68$6,608
Nov 2020142,72738.772.71$7,924
Oct 2020122,57036.972.48$6,813
Sep 2020111,85137.091.99$4,093
Aug 202073,07439.982.39$7,612
Jul 202033,58638.371.83$6,660
Jun 202063,64234.901.69$6,366
May 202034,16316.921.81$7,606
Apr 202054,07414.751.80$7,425
Mar 202051,41930.341.86$2,786
Feb 2020468449.881.98$1,554
Jan 2020264357.252.09$1,461
Dec 2019460359.012.30$1,626
Nov 2019159355.302.75$1,686
Oct 2019149053.472.42$1,239
Sep 2019371055.052.66$2,052
Aug 2019364453.112.30$1,643
Jul 2019162356.272.46$1,589
Jun 2019151852.782.49$1,343
May 2019456858.482.74$1,790
Apr 2019268062.632.75$1,996
Mar 2019364256.803.06$2,136
Feb 2019258650.852.79$1,738
Jan 2019361646.033.23$2,127
Dec 2018477946.594.19$3,447
Nov 2018280652.934.24$3,521
Oct 2018286361.443.40$3,055
Sep 2018783459.543.11$3,009
Aug 2018092359.403.07$2,830
Jul 2018498165.142.93$3,137
Jun 2018293960.183.08$3,010
May 201801,03765.382.90$3,008
Apr 2018089363.842.90$2,590
Mar 2018093961.222.79$2,617
Feb 2018080361.782.77$2,221
Jan 2018096462.874.01$3,865
Dec 2017194957.272.92$2,830
Nov 2017087955.423.12$2,741
Oct 201701,24949.292.98$3,727
Sep 201701,07447.523.09$3,316
Aug 2017097045.373.00$2,914
Jul 2017086143.873.09$2,658
Jun 2017075342.493.09$2,325
May 2017159445.373.26$1,984
Apr 2017079147.933.21$2,540
Mar 2017096946.772.98$2,891
Feb 2017093750.452.95$2,767
Jan 201701,19349.413.42$4,079
Dec 201601,30048.763.72$4,840
Nov 201601,26842.492.64$3,353
Oct 201602,06746.193.09$6,388
Sep 201602,32641.553.10$7,212
Aug 201602,30541.442.92$6,741
Jul 201601,72241.622.92$5,036
Jun 201601,73645.352.69$4,663
May 201601,91342.521.99$3,809
Apr 201601,44236.561.99$2,871
Mar 201601,77033.011.79$3,175
Feb 201631,16826.472.06$2,490
Jan 201601,29627.352.36$3,064
Dec 201501,76432.362.00$3,530
Nov 201502,23038.792.17$4,833
Oct 201502,23743.552.43$5,428
Sep 201502,46042.992.76$6,786
Aug 201502,54740.162.87$7,316
Jul 201502,03348.152.95$5,987
Jun 201501,59956.152.88$4,610
May 201502,60655.212.96$7,702
Apr 201502,49149.822.71$6,742
Mar 201502,25742.892.93$6,624
Feb 201502,47644.662.98$7,369
Jan 201501,34343.433.10$4,164
Dec 201401,83254.693.59$6,579
Nov 201402,23470.464.25$9,499
Oct 201402,51878.303.90$9,823
Sep 201402,64486.164.05$10,696
Aug 201403,04489.394.04$12,283
Jul 201402,72796.564.18$11,398
Jun 201401,40098.164.74$6,632
May 201401,53894.734.73$7,269
Apr 201402,49495.944.81$11,994
Mar 201402,78495.895.06$14,078
Feb 201402,00397.406.19$12,403
Jan 201402,20190.404.86$10,698
Dec 201302,27991.824.35$9,924
Nov 201302,74488.853.74$10,258
Oct 201303,11197.423.78$11,758
Sep 201303,498104.113.72$13,005
Aug 201302,269104.253.52$7,993
Jul 201302,406102.523.72$8,945
Jun 201301,65394.403.93$6,502
May 201302,71994.834.15$11,281
Apr 201301,65493.964.28$7,083
Mar 201301,79293.623.91$7,012
Feb 201301,30291.233.42$4,453
Jan 201302,14591.603.42$7,336
Dec 201202,10786.773.42$7,206
Nov 201202,48886.953.62$9,019
Oct 201202,47989.383.40$8,428
Sep 201203,01894.672.92$8,808
Aug 201202,83492.662.91$8,242
Jul 201202385.133.02$69
Jun 201222,74679.822.52$7,077
May 201202,84691.612.49$7,082
Apr 201202,481101.652.00$4,954
Mar 2012242,985105.052.22$9,154
Feb 201202,699101.102.57$6,937
Jan 201202,89098.092.73$7,901
Dec 201103,14896.873.24$10,199
Nov 201103,21095.723.31$10,629
Oct 201103,17384.983.65$11,577
Sep 201103,00083.623.99$11,957
Aug 201103,43983.404.15$14,270
Jul 201162,73594.144.52$12,919
Jun 201103,19792.904.64$14,834
May 201102,87198.134.40$12,646
Apr 201102,741105.964.33$11,878
Mar 201103,18696.364.06$12,927
Feb 201142,81785.644.18$12,118
Jan 201102,62986.504.59$12,064
Dec 201002,70585.734.35$11,761
Nov 201003,04280.843.80$11,545
Oct 201003,08678.103.51$10,828
Sep 201002,88672.633.98$11,485
Aug 201002,82173.684.42$12,467
Jul 201003,51172.554.74$16,630
Jun 201003,52070.364.91$17,285
May 201003,66471.124.24$15,518
Apr 201003,80681.694.12$15,691
Mar 201003,83678.394.39$16,835
Feb 201003,37073.585.44$18,341
Jan 201003,28874.365.96$19,610
Dec 200903,28971.445.48$18,036
Nov 200904,77774.593.75$17,921
Oct 200903,53872.544.11$14,542
Sep 200944,02165.543.06$12,586
Aug 200944,03067.423.22$13,240
Jul 200944,11961.133.46$14,515
Jun 200933,24066.163.90$12,818
May 200963,47854.743.93$13,982
Apr 200963,56546.773.59$13,070
Mar 200963,33242.144.06$13,777
Feb 200932,94232.814.63$13,729
Jan 200933,10135.865.37$16,763
Dec 2008123,57837.105.98$21,831
Nov 200873,82255.496.86$26,609
Oct 200843,92575.246.92$27,470
Sep 200873,849101.767.88$31,031
Aug 200873,949114.228.48$34,299
Jul 200844,198131.0811.39$48,337
Jun 2008125,140131.3313.03$68,564
May 200895,522123.1711.57$65,022
Apr 200845,520110.3110.45$58,152
Mar 200885,313101.909.66$52,160
Feb 200864,41392.538.77$39,260
Jan 200834,51490.388.21$37,312
Dec 200764,40988.337.30$32,724
Nov 200703,98691.677.29$29,065
Oct 2007154,29882.856.92$30,993
Sep 200704,17075.846.24$26,038
Aug 2007135,19269.066.39$34,064
Jul 200776,08270.906.39$39,348
Jun 2007146,59162.007.55$50,620
May 2007136,70658.747.85$53,381
Apr 2007176,42359.617.81$51,146
Mar 2007146,35556.927.30$47,201
Feb 200776,24355.108.22$51,678
Jan 2007146,73450.306.73$46,003
Dec 200676,89456.656.92$48,092
Nov 2006157,37454.207.62$56,984
Oct 2006167,78054.906.01$47,666
Sep 2006136,44260.085.04$33,231
Aug 2006137,65468.717.34$57,073
Jul 2006127,74769.376.34$49,970
Jun 200685,37166.286.38$34,818
May 200693,27566.016.42$21,636
Apr 2006133,46464.397.36$26,334
Mar 2006155,48156.707.08$39,672
Feb 2006165,16457.597.75$40,948
Jan 2006255,91460.598.93$54,346
Dec 2005126,00854.9413.42$81,259
Nov 2005168,70754.6910.59$93,068
Oct 20053610,30258.3413.80$144,224
Sep 2005157,04461.4512.08$86,006
Aug 2005369,39361.519.80$94,236
Jul 2005238,28155.697.84$66,234
Jun 2005208,19552.337.38$61,534
May 2005247,67845.226.65$52,153
Apr 2005408,26949.207.36$62,832
Mar 2005247,62350.377.15$55,751
Feb 2005126,77145.226.31$43,281
Jan 20051137,84143.166.32$54,449
Dec 2004249,97639.866.75$68,305
Nov 2004279,39745.286.33$60,710
Oct 2004249,77949.706.52$64,904
Sep 2004179,74843.245.28$52,243
Aug 20041610,33342.375.55$58,033
Jul 20044011,55838.286.08$71,852
Jun 20042010,03936.106.43$65,303
May 20043310,92237.486.49$72,171
Apr 20041810,85634.475.86$64,220
Mar 20042011,58534.365.53$64,754
Feb 20043610,78132.455.51$60,567
Jan 20044411,51432.036.30$73,943
Dec 20033111,89330.266.30$75,883
Nov 20032711,64328.804.60$54,279
Oct 20032012,61528.174.76$60,606
Sep 200320311,34126.314.75$59,203
Aug 20032511,82229.765.13$61,388
Jul 20032211,47029.415.17$59,957
Jun 20031510,27328.565.98$61,891
May 20033310,59426.595.97$64,152
Apr 20032711,08126.675.41$60,638
Mar 20034513,41331.146.10$83,167
Feb 20035011,91833.487.93$96,135
Jan 20033114,42530.315.58$81,461
Dec 20024312,94826.914.85$64,004
Nov 20024312,53524.664.14$52,917
Oct 20023113,96926.464.23$59,897
Sep 20024413,26427.443.64$49,425
Aug 20025019,38825.963.16$62,645
Jul 2002011,97624.583.06$36,668
Jun 2002010,27623.733.34$34,304
May 2002011,47524.663.58$41,126
Apr 2002012,81823.653.51$45,021
Mar 2002015,79722.003.10$49,014
Feb 2002014,67518.222.38$34,863
Jan 200215016,12217.172.38$40,876
Dec 2001014,73516.932.36$34,839
Nov 2001015,62418.072.41$37,584
Oct 2001017,61619.782.53$44,549
Sep 2001016,98424.262.25$38,236
Aug 2001018,48824.873.05$56,447
Jul 2001018,41123.933.20$58,861
Jun 2001018,80424.563.82$71,910
May 2001019,73125.524.31$84,988
Apr 2001019,65324.685.34$104,855
Mar 2001020,78324.545.38$111,739
Feb 2001018,03127.755.77$103,986
Jan 200116523,65827.478.40$203,230
Dec 2000024,41726.889.12$222,744
Nov 2000025,65832.215.66$145,173
Oct 2000027,49631.235.15$141,481
Sep 2000024,76931.875.19$128,464
Aug 200016226,45429.644.54$124,923
Jul 2000027,66728.534.09$113,151
Jun 2000027,70129.304.40$121,808
May 2000029,26927.263.68$107,703
Apr 2000031,38424.513.12$97,793
Mar 2000035,33928.422.86$101,061
Feb 20001774,67527.622.73$17,635
Jan 2000042,06225.272.48$104,335
Dec 19996041,87924.282.42$102,960
Nov 199916751,73623.192.43$129,798
Oct 199916268,25320.982.80$194,760
Sep 199917158,93221.752.62$158,053
Aug 199916561,47119.262.88$179,944
Jul 199918258,61617.892.37$142,315
Jun 199934360,89615.942.36$149,310
May 1999060,15415.792.32$139,619
Apr 199917890,75315.102.21$203,075
Mar 1999540106,39112.471.84$202,316
Feb 199954694,4379.981.82$177,116
Jan 19999289,21710.381.90$27,144
Dec 199819079,5459.201.77$142,807
Nov 19980010.892.19$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             6 bbl  × $106.41 =       $638
Gas                1,184 Mcf  × $  3.05 =     $3,606

────────────────────────────────────────────────────
Month total                                   $4,245

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/171851 is the state's own key, not one this site invented.