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 191663District 04Field 520255002 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.2 M
Sep 2002 – May 2026
Value, last 12 filed months
$125 k
at the published price for each month
Months reported
285
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 Gas112003-10-14153403
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
CondensateDisposition37,367 bbl$1,768,234
GasProduction3,031,216 Mcf$17,439,426
Total$19,207,659

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 27.3563, -99.4028. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35626, -99.40280 · 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
8,355 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 8,355 ft.

Completions filed
Mar 2003
1 of 1 wells

1 well

42-47938160528,355 ftMar 2003

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 (285)

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

285 months

May 2026112,287106.413.05$8,136
Apr 2026112,49998.932.87$8,260
Mar 2026112,17689.753.15$7,840
Feb 202601,81663.503.75$6,811
Jan 2026112,26759.138.00$18,782
Dec 20251862,49056.664.41$21,528
Nov 2025112,47558.593.93$10,362
Oct 2025102,60759.383.30$9,210
Sep 2025102,49162.743.08$8,292
Aug 2025102,50463.933.01$8,188
Jul 2025102,48366.743.32$8,899
Jun 2025102,43966.483.13$8,296
May 202592,56260.553.23$8,826
Apr 202592,42162.363.54$9,139
Mar 2025102,34367.704.27$10,678
Feb 2025102,18670.884.34$10,198
Jan 2025102,72474.324.28$12,398
Dec 20241441,79268.993.12$15,528
Nov 202462,56969.052.20$6,062
Oct 202472,40471.372.28$5,984
Sep 202482,30569.612.36$6,007
Aug 2024162,43475.632.06$6,233
Jul 202482,49279.932.15$5,989
Jun 2024142,21878.082.63$6,935
May 202472,32178.812.20$5,654
Apr 2024172,29884.451.66$5,248
Mar 202492,29880.301.55$4,273
Feb 202482,21676.091.78$4,561
Jan 202482,44073.023.30$8,630
Dec 2023752,52571.262.61$11,937
Nov 202392,48677.892.81$7,681
Oct 202382,52685.443.09$8,482
Sep 2023162,41689.042.74$8,033
Aug 20231752,56880.522.67$20,955
Jul 2023162,83674.852.64$8,690
Jun 202382,63768.962.26$6,507
May 2023192,71970.622.23$7,398
Apr 202392,80678.122.24$6,982
Mar 2023102,81972.852.39$7,475
Feb 2023102,68275.112.47$7,364
Jan 2023103,19976.533.39$11,603
Dec 20221313,18076.415.73$28,228
Nov 202272,86585.005.65$16,771
Oct 2022142,49487.185.86$15,845
Sep 202282,53884.888.16$21,398
Aug 202282,78894.529.13$26,203
Jul 202282,757101.587.54$21,606
Jun 2022152,622115.097.98$22,643
May 20221842,763109.378.43$43,425
Apr 202282,769104.226.84$19,767
Mar 2022162,971108.885.08$16,824
Feb 2022172,77991.054.86$15,051
Jan 202293,26681.844.54$15,557
Dec 202192,98671.323.90$12,285
Nov 202102,43477.435.24$12,746
Oct 20211732,23179.795.71$26,551
Sep 202192,90969.865.35$16,195
Aug 2021182,88866.024.22$13,377
Jul 202192,87670.783.98$12,089
Jun 202193,12769.493.38$11,197
May 2021183,24763.483.02$10,941
Apr 20212013,15760.362.76$20,841
Mar 2021193,24761.302.72$9,987
Feb 2021102,81657.805.55$16,201
Jan 202193,39150.412.81$9,983
Dec 202093,35144.642.68$9,367
Nov 20201063,29538.772.71$13,028
Oct 2020173,31236.972.48$8,837
Sep 2020173,19237.091.99$6,986
Aug 2020173,32639.982.39$8,613
Jul 202093,30638.371.83$6,379
Jun 20202013,10934.901.69$12,270
May 202083,17016.921.81$5,888
Apr 2020173,28214.751.80$6,173
Mar 2020173,36830.341.86$6,768
Feb 2020183,13949.881.98$7,115
Jan 202093,30457.252.09$7,436
Dec 20191103,32959.012.30$14,162
Nov 201983,26355.302.75$9,418
Oct 201983,32853.472.42$8,477
Sep 2019153,25455.052.66$9,473
Aug 20191163,31653.112.30$13,802
Jul 201973,33556.272.46$8,598
Jun 201983,18752.782.49$8,362
May 2019173,30758.482.74$10,056
Apr 201992,96462.632.75$8,717
Mar 2019183,16156.803.06$10,702
Feb 201992,96650.852.79$8,739
Jan 20191073,03246.033.23$14,713
Dec 2018173,09946.594.19$13,763
Nov 201883,00952.934.24$13,173
Oct 20181873,13361.443.40$22,135
Sep 2018243,22559.543.11$11,452
Aug 201803,48359.403.07$10,681
Jul 2018163,33265.142.93$10,811
Jun 201883,27460.183.08$10,555
May 201803,25265.382.90$9,433
Apr 201803,12663.842.90$9,068
Mar 201803,55961.222.79$9,918
Feb 20181673,32661.782.77$19,517
Jan 201803,86562.874.01$15,496
Dec 201703,65557.272.92$10,678
Nov 201703,95355.423.12$12,327
Oct 201704,34949.292.98$12,976
Sep 201704,45847.523.09$13,763
Aug 201704,42545.373.00$13,294
Jul 201704,29943.873.09$13,272
Jun 201704,19542.493.09$12,951
May 201723,75445.373.26$12,342
Apr 20171733,90447.933.21$20,830
Mar 201704,26146.772.98$12,713
Feb 201703,84750.452.95$11,359
Jan 201704,51749.413.42$15,443
Dec 201604,77848.763.72$17,788
Nov 20161705,00742.492.64$20,464
Oct 201605,65346.193.09$17,469
Sep 201605,04941.553.10$15,655
Aug 201605,37041.442.92$15,704
Jul 201603,81641.622.92$11,159
Jun 201603,90045.352.69$10,475
May 201605,19442.521.99$10,341
Apr 20161724,51336.561.99$15,274
Mar 201604,33633.011.79$7,779
Feb 201673,42326.472.06$7,249
Jan 201603,79927.352.36$8,982
Dec 201504,47532.362.00$8,956
Nov 201504,23538.792.17$9,179
Oct 20151754,78543.552.43$19,232
Sep 201504,74442.992.76$13,086
Aug 201505,09540.162.87$14,635
Jul 201504,18148.152.95$12,313
Jun 201504,68456.152.88$13,503
May 201505,45555.212.96$16,122
Apr 20151715,59849.822.71$23,671
Mar 201505,56242.892.93$16,323
Feb 201505,58944.662.98$16,634
Jan 20151676,35943.433.10$26,970
Dec 201406,24754.693.59$22,435
Nov 201406,36370.464.25$27,054
Oct 201406,94778.303.90$27,100
Sep 201407,00386.164.05$28,330
Aug 20141467,16389.394.04$41,955
Jul 201406,83596.564.18$28,568
Jun 201406,31398.164.74$29,904
May 201406,07194.734.73$28,695
Apr 201405,50095.944.81$26,450
Mar 20141475,64295.895.06$42,626
Feb 201404,86297.406.19$30,106
Jan 20141655,67290.404.86$42,486
Dec 201306,35491.824.35$27,668
Nov 20131696,43288.853.74$39,060
Oct 201306,89197.423.78$26,044
Sep 201306,635104.113.72$24,667
Aug 2013655,708104.253.52$26,883
Jul 2013825,646102.523.72$29,397
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 2012019786.773.42$674
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 2012190105.052.22$1,996
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 201103,97795.723.31$13,169
Oct 201107,61084.983.65$27,765
Sep 201106,84083.623.99$27,263
Aug 20111717,99383.404.15$47,427
Jul 201109,37694.144.52$42,354
Jun 201108,88192.904.64$41,207
May 201108,63098.134.40$38,014
Apr 20111719,030105.964.33$57,249
Mar 201109,37696.364.06$38,042
Feb 2011128,32985.644.18$35,843
Jan 201109,70986.504.59$44,552
Dec 20101819,99385.734.35$58,964
Nov 201009,77980.843.80$37,115
Oct 2010010,19478.103.51$35,770
Sep 2010010,04172.633.98$39,958
Aug 2010010,65973.684.42$47,106
Jul 201017710,56972.554.74$62,901
Jun 2010010,54470.364.91$51,775
May 2010010,25371.124.24$43,424
Apr 2010010,42781.694.12$42,987
Mar 2010010,90678.394.39$47,863
Feb 201017510,47473.585.44$69,880
Jan 2010010,93674.365.96$65,223
Dec 2009011,50871.445.48$63,107
Nov 200917911,07074.593.75$54,881
Oct 2009011,16972.544.11$45,907
Sep 20091210,52065.543.06$33,028
Aug 200918611,16067.423.22$48,459
Jul 20091212,83461.133.46$45,197
Jun 200919111,69166.163.90$58,173
May 200922511,62254.743.93$57,942
Apr 20092211,06046.773.59$40,707
Mar 200919412,75842.144.06$59,960
Feb 20091311,63232.814.63$54,318
Jan 200918912,98535.865.37$76,520
Dec 200821412,91237.105.98$85,116
Nov 200820013,33355.496.86$102,567
Oct 20081313,38075.246.92$93,594
Sep 200820013,021101.767.88$122,920
Aug 200819614,861114.228.48$148,453
Jul 20083214,782131.0811.39$172,553
Jun 200821314,675131.3313.03$219,227
May 200820014,211123.1711.57$189,116
Apr 20081214,143110.3110.45$149,187
Mar 200818716,213101.909.66$175,739
Feb 200818514,57592.538.77$144,949
Jan 200820116,14890.388.21$150,673
Dec 20072214,86588.337.30$110,487
Nov 200716114,38291.677.29$119,628
Oct 200726715,55382.856.92$129,779
Sep 200717516,06375.846.24$113,572
Aug 20074217,47969.066.39$114,555
Jul 200716317,35670.906.39$122,426
Jun 200720016,32062.007.55$135,591
May 200721416,79058.747.85$144,309
Apr 200723917,50859.617.81$150,900
Mar 200721918,19756.927.30$145,339
Feb 200720216,92155.108.22$150,153
Jan 20074018,99850.306.73$129,809
Dec 200622819,59856.656.92$148,504
Nov 200621620,06054.207.62$164,514
Oct 200619719,56454.906.01$128,469
Sep 200626220,52060.085.04$119,104
Aug 200621620,72568.717.34$166,961
Jul 200620421,16469.376.34$148,390
Jun 200619720,29266.286.38$142,599
May 200623822,08266.016.42$157,587
Apr 200622822,62864.397.36$181,234
Mar 200627221,60756.707.08$168,463
Feb 200645520,65357.597.75$186,287
Jan 200629320,81060.598.93$203,655
Dec 200522123,17254.9413.42$323,003
Nov 200526722,44354.6910.59$252,238
Oct 200539324,20058.3413.80$356,785
Sep 200519819,42361.4512.08$246,778
Aug 200528023,12561.519.80$243,775
Jul 200535623,50155.697.84$204,159
Jun 200522422,79352.337.38$179,958
May 200537125,01945.226.65$183,182
Apr 200545021,70149.207.36$181,870
Mar 200544625,63850.377.15$205,902
Feb 200537024,46345.226.31$171,140
Jan 200541926,73143.166.32$187,083
Dec 200432827,70039.866.75$200,079
Nov 200423227,39345.286.33$183,914
Oct 200441829,73149.706.52$214,475
Sep 200443428,43143.245.28$168,993
Aug 200437931,11742.375.55$188,778
Jul 200446332,86838.286.08$217,698
Jun 200454332,35236.106.43$227,723
May 200443732,84737.486.49$229,706
Apr 200429234,65234.475.86$213,073
Mar 200454935,31734.365.53$214,172
Feb 200439935,58432.455.51$209,002
Jan 200425039,39732.036.30$256,194
Dec 200352937,86430.266.30$254,613
Nov 200359938,90328.804.60$196,017
Oct 200373040,53828.174.76$213,510
Sep 200358238,92326.314.75$200,172
Aug 200386245,04829.765.13$256,737
Jul 200377248,06629.415.17$271,246
Jun 200377947,54928.565.98$306,732
May 200382852,88726.595.97$337,894
Apr 200376756,77526.675.41$327,454
Mar 200398159,91231.146.10$395,774
Feb 20031,24063,22733.487.93$542,645
Jan 20031,36476,04130.315.58$465,807
Dec 20021,32458,87526.914.85$321,394
Nov 20021,25256,15024.664.14$263,165
Oct 20021,70664,95826.464.23$319,856
Sep 200242034,12427.443.64$135,572

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            11 bbl  × $106.41 =     $1,171
Gas                2,287 Mcf  × $  3.05 =     $6,966

────────────────────────────────────────────────────
Month total                                   $8,136

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/191663 is the state's own key, not one this site invented.