BENAVIDES TRUST

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

Gas lease lease 192464District 04Field 435935002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Dec 2002 – May 2026
Value, last 12 filed months
$28 k
at the published price for each month
Months reported
282
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 122 leases and 122 wells, and the rule below applies to all of them.

Discovered
1976-08-26
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1992-10-19.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA ADMINISTRATIVELY SUSPENDED EFFECTIVE 8/1/94.

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 Gas112003-07-25151438
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
CondensateDisposition19 bbl$862
GasProduction747,093 Mcf$4,274,418
Total$4,275,280

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 27.1502, -99.2562. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.15021, -99.25623 · 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
10,480 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 10,480 ft.

Completions filed
Jan 2003
1 of 1 wells

1 well

42-50534605110,480 ftJan 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 (282)

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

282 months

May 20260632106.413.05$1,925
Apr 2026064298.932.87$1,842
Mar 2026064789.753.15$2,038
Feb 2026058363.503.75$2,186
Jan 2026067259.138.00$5,375
Dec 2025067356.664.41$2,970
Nov 2025066558.593.93$2,611
Oct 2025052959.383.30$1,748
Sep 2025065562.743.08$2,015
Aug 2025064463.933.01$1,942
Jul 2025059966.743.32$1,986
Jun 2025037366.483.13$1,167
May 2025070160.553.23$2,266
Apr 2025049862.363.54$1,764
Mar 2025049467.704.27$2,109
Feb 2025056270.884.34$2,440
Jan 2025060274.324.28$2,576
Dec 2024060468.993.12$1,885
Nov 2024056369.052.20$1,238
Oct 2024051071.372.28$1,164
Sep 2024049669.612.36$1,173
Aug 2024057675.632.06$1,189
Jul 2024075879.932.15$1,627
Jun 2024076978.082.63$2,026
May 2024068778.812.20$1,510
Apr 2024080784.451.66$1,339
Mar 2024071180.301.55$1,099
Feb 2024063676.091.78$1,134
Jan 2024078173.023.30$2,575
Dec 2023082771.262.61$2,159
Nov 2023068377.892.81$1,918
Oct 2023074785.443.09$2,306
Sep 2023052789.042.74$1,441
Aug 2023082380.522.67$2,200
Jul 2023077474.852.64$2,045
Jun 2023082768.962.26$1,868
May 2023090570.622.23$2,016
Apr 2023069178.122.24$1,546
Mar 2023085772.852.39$2,051
Feb 2023070875.112.47$1,746
Jan 2023084576.533.39$2,863
Dec 202201,05176.415.73$6,021
Nov 202201,01985.005.65$5,753
Oct 2022096087.185.86$5,629
Sep 2022070484.888.16$5,747
Aug 2022083794.529.13$7,639
Jul 20220812101.587.54$6,124
Jun 20220938115.097.98$7,483
May 20220798109.378.43$6,730
Apr 20220814104.226.84$5,566
Mar 20220660108.885.08$3,350
Feb 2022076491.054.86$3,712
Jan 2022077081.844.54$3,494
Dec 2021099471.323.90$3,876
Nov 2021092377.435.24$4,834
Oct 2021045179.795.71$2,577
Sep 2021064769.865.35$3,462
Aug 2021078366.024.22$3,305
Jul 2021068870.783.98$2,740
Jun 2021067569.493.38$2,282
May 2021069763.483.02$2,103
Apr 2021059060.362.76$1,627
Mar 2021047361.302.72$1,285
Feb 2021074457.805.55$4,128
Jan 2021086850.412.81$2,439
Dec 2020087444.642.68$2,338
Nov 2020083738.772.71$2,265
Oct 2020090336.972.48$2,238
Sep 2020088637.091.99$1,764
Aug 2020080639.982.39$1,922
Jul 2020079738.371.83$1,455
Jun 2020069834.901.69$1,180
May 2020075116.921.81$1,363
Apr 2020065914.751.80$1,189
Mar 2020070230.341.86$1,303
Feb 2020088349.881.98$1,749
Jan 2020095057.252.09$1,990
Dec 2019086059.012.30$1,982
Nov 2019084155.302.75$2,313
Oct 2019086853.472.42$2,099
Sep 2019078255.052.66$2,078
Aug 2019085553.112.30$1,970
Jul 2019061756.272.46$1,518
Jun 2019067152.782.49$1,672
May 2019069558.482.74$1,905
Apr 2019076462.632.75$2,102
Mar 2019083456.803.06$2,554
Feb 2019096050.852.79$2,681
Jan 2019070146.033.23$2,263
Dec 2018044546.594.19$1,863
Nov 2018045952.934.24$1,945
Oct 2018051361.443.40$1,743
Sep 2018066559.543.11$2,067
Aug 2018069559.403.07$2,131
Jul 2018075865.142.93$2,222
Jun 2018059460.183.08$1,828
May 2018074665.382.90$2,164
Apr 2018062063.842.90$1,799
Mar 2018068261.222.79$1,901
Feb 2018067361.782.77$1,862
Jan 2018079762.874.01$3,195
Dec 2017046257.272.92$1,350
Nov 2017069255.423.12$2,158
Oct 2017065049.292.98$1,939
Sep 2017068947.523.09$2,127
Aug 2017087045.373.00$2,614
Jul 2017069443.873.09$2,143
Jun 2017067742.493.09$2,090
May 20171990145.373.26$3,802
Apr 2017078147.933.21$2,508
Mar 2017079746.772.98$2,378
Feb 2017069650.452.95$2,055
Jan 2017079849.413.42$2,728
Dec 2016061648.763.72$2,293
Nov 2016090842.492.64$2,401
Oct 2016096646.193.09$2,985
Sep 201601,05341.553.10$3,265
Aug 201601,13441.442.92$3,316
Jul 2016072041.622.92$2,106
Jun 201601,05945.352.69$2,844
May 201601,14242.521.99$2,274
Apr 201601,07136.561.99$2,132
Mar 201601,07833.011.79$1,934
Feb 201601,06926.472.06$2,206
Jan 2016095327.352.36$2,253
Dec 201501,14432.362.00$2,290
Nov 201501,10138.792.17$2,386
Oct 201501,11043.552.43$2,694
Sep 201501,13442.992.76$3,128
Aug 201501,27140.162.87$3,651
Jul 201501,44248.152.95$4,247
Jun 201501,30156.152.88$3,751
May 20150055.212.96$0
Apr 201501,43049.822.71$3,870
Mar 201501,26342.892.93$3,707
Feb 201501,14444.662.98$3,405
Jan 2015096143.433.10$2,980
Dec 2014094454.693.59$3,390
Nov 201401,11070.464.25$4,720
Oct 201401,05978.303.90$4,131
Sep 201401,17886.164.05$4,766
Aug 201401,27189.394.04$5,129
Jul 201401,30596.564.18$5,454
Jun 201401,17498.164.74$5,561
May 20140094.734.73$0
Apr 201401,25195.944.81$6,016
Mar 201401,27895.895.06$6,463
Feb 201401,32197.406.19$8,180
Jan 201401,31290.404.86$6,377
Dec 201301,33491.824.35$5,809
Nov 201301,36988.853.74$5,118
Oct 201301,51897.423.78$5,737
Sep 201301,310104.113.72$4,870
Aug 201301,565104.253.52$5,513
Jul 201301,577102.523.72$5,863
Jun 201301,53994.403.93$6,054
May 201301,55594.834.15$6,452
Apr 201301,51093.964.28$6,467
Mar 201301,56893.623.91$6,135
Feb 201301,59191.233.42$5,441
Jan 201301,62591.603.42$5,557
Dec 201201,59086.773.42$5,438
Nov 201201,64286.953.62$5,952
Oct 201201,79189.383.40$6,089
Sep 201201,42894.672.92$4,167
Aug 201201,65592.662.91$4,813
Jul 201201,43685.133.02$4,338
Jun 201201,25079.822.52$3,149
May 201201,39191.612.49$3,461
Apr 201201,538101.652.00$3,071
Mar 201201,547105.052.22$3,438
Feb 201201,266101.102.57$3,254
Jan 201201,97198.092.73$5,389
Dec 201101,83196.873.24$5,932
Nov 201101,97195.723.31$6,527
Oct 201101,72484.983.65$6,290
Sep 201101,89483.623.99$7,549
Aug 201101,63083.404.15$6,763
Jul 201102,14994.144.52$9,708
Jun 201101,97592.904.64$9,164
May 201101,94998.134.40$8,585
Apr 201102,093105.964.33$9,070
Mar 201102,05796.364.06$8,346
Feb 201101,77085.644.18$7,399
Jan 201102,13386.504.59$9,788
Dec 201002,08985.734.35$9,082
Nov 201002,10480.843.80$7,985
Oct 201002,16478.103.51$7,593
Sep 201002,09772.633.98$8,345
Aug 201002,22573.684.42$9,833
Jul 201002,04372.554.74$9,677
Jun 201001,89870.364.91$9,320
May 201002,15671.124.24$9,131
Apr 201002,07381.694.12$8,546
Mar 201002,07978.394.39$9,124
Feb 201002,00173.585.44$10,890
Jan 201002,22274.365.96$13,252
Dec 200902,17771.445.48$11,938
Nov 200902,12174.593.75$7,957
Oct 200902,15372.544.11$8,849
Sep 200902,26365.543.06$6,936
Aug 200902,19467.423.22$7,061
Jul 200902,27461.133.46$7,878
Jun 200902,38466.163.90$9,286
May 200902,40354.743.93$9,434
Apr 200902,13446.773.59$7,656
Mar 200902,62942.144.06$10,671
Feb 200902,12032.814.63$9,822
Jan 200902,48435.865.37$13,342
Dec 200802,56137.105.98$15,307
Nov 200802,61155.496.86$17,912
Oct 200802,60375.246.92$18,018
Sep 200802,573101.767.88$20,268
Aug 200802,741114.228.48$23,252
Jul 200802,402131.0811.39$27,357
Jun 200802,806131.3313.03$36,570
May 200802,746123.1711.57$31,783
Apr 200802,821110.3110.45$29,493
Mar 200802,938101.909.66$28,393
Feb 200802,76892.538.77$24,277
Jan 200802,89190.388.21$23,723
Dec 200703,09388.337.30$22,585
Nov 200702,93891.677.29$21,423
Oct 200703,12282.856.92$21,610
Sep 200703,05275.846.24$19,057
Aug 200703,17069.066.39$20,250
Jul 200703,13270.906.39$20,007
Jun 200703,31162.007.55$24,993
May 200703,38058.747.85$26,520
Apr 200703,05759.617.81$23,861
Mar 200703,41856.927.30$24,958
Feb 200703,36155.108.22$27,614
Jan 200703,65050.306.73$24,553
Dec 200603,60456.656.92$24,934
Nov 200603,75154.207.62$28,573
Oct 200603,80954.906.01$22,907
Sep 200603,39960.085.04$17,121
Aug 200603,80268.717.34$27,906
Jul 200603,71669.376.34$23,570
Jun 200603,80966.286.38$24,316
May 200604,29666.016.42$27,602
Apr 200603,92964.397.36$28,919
Mar 200604,30256.707.08$30,471
Feb 200603,91557.597.75$30,346
Jan 200604,68360.598.93$41,835
Dec 200504,69954.9413.42$63,039
Nov 200504,85254.6910.59$51,375
Oct 200504,88958.3413.80$67,447
Sep 200504,96861.4512.08$60,008
Aug 200505,45361.519.80$53,422
Jul 200505,25555.697.84$41,218
Jun 200505,43352.337.38$40,101
May 200505,64045.226.65$37,513
Apr 200505,17849.207.36$38,113
Mar 200506,06850.377.15$43,416
Feb 200505,24945.226.31$33,131
Jan 200506,14243.166.32$38,831
Dec 200406,91039.866.75$46,650
Nov 200407,06945.286.33$44,750
Oct 200407,54849.706.52$49,176
Sep 200407,07643.245.28$37,389
Aug 200407,98742.375.55$44,333
Jul 200407,33038.286.08$44,597
Jun 200407,41236.106.43$47,682
May 200407,75137.486.49$50,339
Apr 200408,56534.475.86$50,178
Mar 200409,14434.365.53$50,568
Feb 200408,77432.455.51$48,341
Jan 2004010,48832.036.30$66,071
Dec 2003010,16530.266.30$64,056
Nov 200309,55328.804.60$43,898
Oct 2003011,04628.174.76$52,575
Sep 2003011,13526.314.75$52,884
Aug 2003013,12829.765.13$67,343
Jul 2003014,80129.415.17$76,534
Jun 2003034,26128.565.98$204,982
May 2003015,52526.595.97$92,726
Apr 2003018,92426.675.41$102,327
Mar 2003022,56831.146.10$137,575
Feb 2003027,59233.487.93$218,691
Jan 2003039,66530.315.58$221,412
Dec 200208,69726.914.85$42,213

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                  632 Mcf  × $  3.05 =     $1,925

────────────────────────────────────────────────────
Month total                                   $1,925

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/192464 is the state's own key, not one this site invented.