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 193287District 04Field 435935002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.6 M
Feb 2003 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
280
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 Gas112003-07-25151439
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
CondensateDisposition168 bbl$9,170
GasProduction1,156,021 Mcf$6,547,338
Total$6,556,508

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 27.1167, -99.2556. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.11667, -99.25556 · 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
11,150 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 11,150 ft.

Completions filed
Feb 2003
1 of 1 wells

1 well

42-50534606211,150 ftFeb 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 (280)

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

280 months

May 20260245106.413.05$746
Apr 2026043698.932.87$1,251
Mar 2026034289.753.15$1,077
Feb 2026028863.503.75$1,080
Jan 2026037859.138.00$3,023
Dec 2025060356.664.41$2,661
Nov 2025056658.593.93$2,222
Oct 2025029159.383.30$962
Sep 2025065362.743.08$2,009
Aug 2025022663.933.01$681
Jul 2025163266.743.32$2,162
Jun 2025069666.483.13$2,178
May 2025045560.553.23$1,471
Apr 2025036962.363.54$1,307
Mar 2025048667.704.27$2,074
Feb 2025092470.884.34$4,011
Jan 202509674.324.28$411
Dec 2024099668.993.12$3,109
Nov 2024090869.052.20$1,996
Oct 202401,04671.372.28$2,386
Sep 2024083069.612.36$1,962
Aug 2024098475.632.06$2,031
Jul 2024089179.932.15$1,913
Jun 2024078678.082.63$2,070
May 2024089278.812.20$1,961
Apr 2024084684.451.66$1,404
Mar 202401,17680.301.55$1,817
Feb 202401,19776.091.78$2,135
Jan 202401,35273.023.30$4,458
Dec 202301,35071.262.61$3,524
Nov 202301,17977.892.81$3,310
Oct 202311,06485.443.09$3,370
Sep 202301,03889.042.74$2,839
Aug 202301,17780.522.67$3,146
Jul 2023187274.852.64$2,379
Jun 2023168068.962.26$1,605
May 2023082470.622.23$1,835
Apr 2023171778.122.24$1,683
Mar 2023054472.852.39$1,302
Feb 2023048975.112.47$1,206
Jan 2023142876.533.39$1,526
Dec 2022046976.415.73$2,687
Nov 2022162585.005.65$3,614
Oct 2022060087.185.86$3,518
Sep 2022152984.888.16$4,403
Aug 2022176294.529.13$7,049
Jul 20221748101.587.54$5,743
Jun 20220631115.097.98$5,034
May 20221533109.378.43$4,604
Apr 20221567104.226.84$3,981
Mar 20221747108.885.08$3,901
Feb 202221,04691.054.86$5,264
Jan 202211,18281.844.54$5,445
Dec 202121,10471.323.90$4,447
Nov 202111,05377.435.24$5,592
Oct 202111,10079.795.71$6,365
Sep 2021189469.865.35$4,854
Aug 2021287466.024.22$3,821
Jul 2021294770.783.98$3,913
Jun 2021189669.493.38$3,099
May 2021188863.483.02$2,743
Apr 2021185460.362.76$2,416
Mar 2021181661.302.72$2,278
Feb 2021159357.805.55$3,348
Jan 2021173850.412.81$2,124
Dec 202011,00344.642.68$2,728
Nov 2020188138.772.71$2,423
Oct 2020292536.972.48$2,366
Sep 202031,02737.091.99$2,156
Aug 202021,14339.982.39$2,806
Jul 202031,01738.371.83$1,971
Jun 2020378334.901.69$1,428
May 2020494216.921.81$1,777
Apr 2020495414.751.80$1,780
Mar 202021,20830.341.86$2,303
Feb 202031,07749.881.98$2,283
Jan 202031,09557.252.09$2,465
Dec 201931,08459.012.30$2,675
Nov 2019598555.302.75$2,986
Oct 201931,10953.472.42$2,843
Sep 201921,10855.052.66$3,054
Aug 201961,15453.112.30$2,978
Jul 201921,62556.272.46$4,110
Jun 201931,64552.782.49$4,256
May 201902,32258.482.74$6,363
Apr 201932,41862.632.75$6,839
Mar 201901,53656.803.06$4,703
Feb 201911,41250.852.79$3,993
Jan 201901,74946.033.23$5,646
Dec 201831,85246.594.19$7,891
Nov 201802,46252.934.24$10,432
Oct 201813,14661.443.40$10,752
Sep 201802,82959.543.11$8,793
Aug 201812,81359.403.07$8,686
Jul 201802,99665.142.93$8,784
Jun 201802,93860.183.08$9,040
May 201812,66065.382.90$7,782
Apr 201811,46863.842.90$4,322
Mar 201812,06661.222.79$5,819
Feb 201811,62061.782.77$4,543
Jan 201801,83362.874.01$7,349
Dec 201701,75457.272.92$5,124
Nov 201722,02155.423.12$6,413
Oct 201701,13549.292.98$3,386
Sep 201701,60247.523.09$4,946
Aug 201701,31945.373.00$3,963
Jul 201701,20943.873.09$3,733
Jun 201721,36742.493.09$4,305
May 201701,27445.373.26$4,158
Apr 201701,37047.933.21$4,400
Mar 201701,21946.772.98$3,637
Feb 201711,72750.452.95$5,150
Jan 201701,61649.413.42$5,525
Dec 201601,77148.763.72$6,593
Nov 201601,60742.492.64$4,249
Oct 201601,50546.193.09$4,651
Sep 201601,67841.553.10$5,203
Aug 201602,14741.442.92$6,279
Jul 201601,78941.622.92$5,232
Jun 201611,54445.352.69$4,192
May 201601,94242.521.99$3,867
Apr 201601,89736.561.99$3,777
Mar 201601,86033.011.79$3,337
Feb 201631,54226.472.06$3,262
Jan 201601,56327.352.36$3,695
Dec 20150032.362.00$0
Nov 201501,88638.792.17$4,088
Oct 201511,38243.552.43$3,397
Sep 201501,50442.992.76$4,149
Aug 201502,24140.162.87$6,437
Jul 201501,05448.152.95$3,104
Jun 201512,25056.152.88$6,543
May 201501,69155.212.96$4,998
Apr 201501,20649.822.71$3,264
Mar 201502,50142.892.93$7,340
Feb 201502,29344.662.98$6,824
Jan 201511,64243.433.10$5,135
Dec 201401,41454.693.59$5,078
Nov 201401,10170.464.25$4,681
Oct 201401,20278.303.90$4,689
Sep 201411,61086.164.05$6,599
Aug 201401,76689.394.04$7,126
Jul 201401,43596.564.18$5,998
Jun 201401,36498.164.74$6,461
May 201411,63794.734.73$7,832
Apr 201402,82295.944.81$13,571
Mar 201401,47295.895.06$7,444
Feb 201401,46797.406.19$9,084
Jan 201402,05490.404.86$9,984
Dec 201301,94291.824.35$8,456
Nov 201312,13888.853.74$8,081
Oct 201302,02397.423.78$7,646
Sep 201301,761104.113.72$6,547
Aug 201302,005104.253.52$7,063
Jul 201302,274102.523.72$8,454
Jun 201311,86394.403.93$7,422
May 201302,84894.834.15$11,817
Apr 201301,68093.964.28$7,195
Mar 201301,99093.623.91$7,787
Feb 201302,07591.233.42$7,096
Jan 201301,83991.603.42$6,289
Dec 201201,26586.773.42$4,327
Nov 201201,61586.953.62$5,854
Oct 201201,57889.383.40$5,365
Sep 201201,59094.672.92$4,640
Aug 201201,51792.662.91$4,412
Jul 201212,06885.133.02$6,332
Jun 201202,86879.822.52$7,225
May 201202,44991.612.49$6,094
Apr 201201,763101.652.00$3,520
Mar 201201,803105.052.22$4,006
Feb 201202,453101.102.57$6,305
Jan 201202,37398.092.73$6,488
Dec 201102,41596.873.24$7,824
Nov 201102,65995.723.31$8,805
Oct 201101,99084.983.65$7,261
Sep 201101,97983.623.99$7,888
Aug 201102,48683.404.15$10,315
Jul 201101,66094.144.52$7,499
Jun 201103,66592.904.64$17,005
May 201104,76998.134.40$21,007
Apr 201102,721105.964.33$11,791
Mar 201102,18396.364.06$8,857
Feb 201102,09185.644.18$8,740
Jan 201103,28086.504.59$15,051
Dec 201003,34185.734.35$14,526
Nov 201003,05980.843.80$11,610
Oct 201012,58578.103.51$9,149
Sep 201003,11672.633.98$12,400
Aug 201013,95773.684.42$17,561
Jul 201003,40972.554.74$16,147
Jun 201004,09870.364.91$20,123
May 201003,00671.124.24$12,731
Apr 201013,80281.694.12$15,756
Mar 201013,77978.394.39$16,663
Feb 201003,30673.585.44$17,992
Jan 201013,72174.365.96$22,267
Dec 200903,24171.445.48$17,773
Nov 200913,41474.593.75$12,882
Oct 200903,21372.544.11$13,206
Sep 200903,94365.543.06$12,084
Aug 200902,88067.423.22$9,269
Jul 200913,02861.133.46$10,552
Jun 200903,87266.163.90$15,081
May 200904,40554.743.93$17,293
Apr 200913,67846.773.59$13,242
Mar 200903,70042.144.06$15,018
Feb 200913,06932.814.63$14,251
Jan 200903,36135.865.37$18,052
Dec 200813,39337.105.98$20,318
Nov 200803,57855.496.86$24,546
Oct 200803,59175.246.92$24,857
Sep 200803,182101.767.88$25,065
Aug 200813,797114.228.48$32,324
Jul 200803,524131.0811.39$40,136
Jun 200803,670131.3313.03$47,830
May 200803,335123.1711.57$38,600
Apr 200803,648110.3110.45$38,139
Mar 200813,836101.909.66$37,173
Feb 200803,70692.538.77$32,504
Jan 200804,07790.388.21$33,455
Dec 200704,25488.337.30$31,063
Nov 200714,29191.677.29$31,380
Oct 200704,85982.856.92$33,634
Sep 200704,69475.846.24$29,310
Aug 200715,45069.066.39$34,883
Jul 200705,73470.906.39$36,628
Jun 200715,00162.007.55$37,812
May 200704,88858.747.85$38,353
Apr 200705,20859.617.81$40,649
Mar 200705,00356.927.30$36,532
Feb 200704,84155.108.22$39,774
Jan 200705,21450.306.73$35,074
Dec 200615,06656.656.92$35,105
Nov 200605,27354.207.62$40,167
Oct 200607,07154.906.01$42,524
Sep 200617,44360.085.04$37,552
Aug 200606,71668.717.34$49,295
Jul 200606,59569.376.34$41,831
Jun 200606,17366.286.38$39,408
May 2006113,02866.016.42$83,771
Apr 200606,51464.397.36$47,946
Mar 200617,33556.707.08$52,010
Feb 200606,32557.597.75$49,026
Jan 200616,67260.598.93$59,664
Dec 200506,72054.9413.42$90,151
Nov 200516,16354.6910.59$65,311
Oct 200527,28258.3413.80$100,577
Sep 200518,80461.4512.08$106,405
Aug 200508,62161.519.80$84,459
Jul 200509,42455.697.84$73,918
Jun 200519,19752.337.38$67,936
May 200509,70145.226.65$64,523
Apr 200519,90949.207.36$72,984
Mar 2005110,08450.377.15$72,200
Feb 200539,72645.226.31$61,525
Jan 2005210,38443.166.32$65,736
Dec 2004210,92039.866.75$73,802
Nov 2004111,64645.286.33$73,769
Oct 2004013,48549.706.52$87,856
Sep 2004013,41543.245.28$70,884
Aug 2004115,09042.375.55$83,802
Jul 2004013,26038.286.08$80,676
Jun 2004114,02736.106.43$90,272
May 2004016,54437.486.49$107,446
Apr 2004317,81634.475.86$104,478
Mar 2004020,71934.365.53$114,579
Feb 2004116,22232.455.51$89,410
Jan 2004417,23432.036.30$108,696
Dec 2003019,03130.266.30$119,927
Nov 2003120,10228.804.60$92,401
Oct 2003222,85228.174.76$108,824
Sep 2003022,01926.314.75$104,576
Aug 2003126,80129.765.13$137,511
Jul 2003331,60429.415.17$163,507
Jun 2003029,13528.565.98$174,314
May 2003039,28026.595.97$234,607
Apr 2003046,38026.675.41$250,790
Mar 2003058,45031.146.10$356,314
Feb 2003018,84333.487.93$149,347

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                  245 Mcf  × $  3.05 =       $746

────────────────────────────────────────────────────
Month total                                     $746

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/193287 is the state's own key, not one this site invented.