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 196957District 04Field 435935002 tax incentive programmesCondensateGasSaveExport
Value, all time
$26.3 M
Aug 2003 – May 2026
Value, last 12 filed months
$267
at the published price for each month
Months reported
274
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 Gas112004-01-28153879
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
CondensateDisposition652 bbl$40,569
GasProduction4,424,206 Mcf$26,266,581
Total$26,307,150

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 27.1139, -99.2614. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.11392, -99.26143 · 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
11,384 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 11,384 ft.

Completions filed
Nov 2010
1 of 1 wells

1 well

42-50534741511,384 ftNov 2010

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 (274)

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

274 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20254066.743.32$267
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 202506262.363.54$220
Mar 202501,18667.704.27$5,062
Feb 2025035470.884.34$1,537
Jan 202503774.324.28$158
Dec 202408968.993.12$278
Nov 202403669.052.20$79
Oct 2024036971.372.28$842
Sep 202405,64169.612.36$13,337
Aug 202408,09375.632.06$16,701
Jul 2024010,23079.932.15$21,960
Jun 202409,90778.082.63$26,095
May 202409,34078.812.20$20,533
Apr 202403,79584.451.66$6,297
Mar 202404,48880.301.55$6,935
Feb 202404,04376.091.78$7,211
Jan 202408,39973.023.30$27,697
Dec 2023011,73771.262.61$30,642
Nov 202306,12677.892.81$17,199
Oct 2023103,27185.443.09$10,953
Sep 202303,53589.042.74$9,668
Aug 202304,72680.522.67$12,632
Jul 202348,05074.852.64$21,566
Jun 2023310,52468.962.26$23,975
May 2023367770.622.23$1,720
Apr 202383,17878.122.24$7,737
Mar 202323,25972.852.39$7,945
Feb 202333,52075.112.47$8,905
Jan 202374,64776.533.39$16,278
Dec 202255,65476.415.73$32,774
Nov 2022115,07085.005.65$29,561
Oct 202288,25187.185.86$49,079
Sep 2022169,71084.888.16$80,627
Aug 2022511,75994.529.13$107,799
Jul 2022179,571101.587.54$73,912
Jun 202204,707115.097.98$37,549
May 2022810,241109.378.43$87,238
Apr 202245,310104.226.84$36,725
Mar 202244,685108.885.08$24,218
Feb 202294,36991.054.86$22,048
Jan 202245,35181.844.54$24,608
Dec 2021810,06171.323.90$39,800
Nov 2021105,04777.435.24$27,205
Oct 2021228,74879.795.71$51,740
Sep 2021711,26169.865.35$60,746
Aug 20212012,73866.024.22$55,082
Jul 2021128,61370.783.98$35,147
Jun 2021714,76069.493.38$50,384
May 2021217,25963.483.02$23,238
Apr 2021519,26360.362.76$53,437
Mar 202165,29661.302.72$14,757
Feb 202123,12157.805.55$17,431
Jan 202152,64750.412.81$7,691
Dec 202023,28744.642.68$8,884
Nov 202033,52538.772.71$9,657
Oct 202063,55636.972.48$9,035
Sep 202074,67337.091.99$9,564
Aug 202034,84239.982.39$11,669
Jul 202074,56438.371.83$8,598
Jun 202074,23634.901.69$7,404
May 202074,15416.921.81$7,657
Apr 202094,22214.751.80$7,751
Mar 202044,59230.341.86$8,645
Feb 202074,10249.881.98$8,474
Jan 202074,49057.252.09$9,806
Dec 201975,23659.012.30$12,479
Nov 2019104,72655.302.75$13,553
Oct 201974,92353.472.42$12,281
Sep 201934,86655.052.66$13,095
Aug 2019135,23253.112.30$12,747
Jul 201945,08356.272.46$12,730
Jun 201974,98352.782.49$12,783
May 201905,32258.482.74$14,584
Apr 201985,29862.632.75$15,074
Mar 201904,97456.803.06$15,231
Feb 201934,58550.852.79$12,955
Jan 201905,36446.033.23$17,316
Dec 201865,44346.594.19$23,061
Nov 201805,49952.934.24$23,301
Oct 201825,96761.443.40$20,399
Sep 201806,31759.543.11$19,633
Aug 201823,73959.403.07$11,585
Jul 201806,61465.142.93$19,391
Jun 201805,31260.183.08$16,345
May 201823,87165.382.90$11,360
Apr 201824,18363.842.90$12,262
Mar 201824,51061.222.79$12,691
Feb 201824,27961.782.77$11,960
Jan 201804,84662.874.01$19,429
Dec 201705,09857.272.92$14,894
Nov 201754,59355.423.12$14,600
Oct 201704,70349.292.98$14,032
Sep 201704,84947.523.09$14,970
Aug 201715,10445.373.00$15,380
Jul 201705,71843.873.09$17,653
Jun 201775,68542.493.09$17,849
May 201705,46745.373.26$17,841
Apr 201716,46347.933.21$20,805
Mar 201706,81546.772.98$20,334
Feb 201716,04550.452.95$17,899
Jan 201706,68149.413.42$22,841
Dec 201606,27448.763.72$23,357
Nov 201605,99742.492.64$15,858
Oct 201606,11546.193.09$18,897
Sep 201616,10441.553.10$18,968
Aug 201607,89041.442.92$23,073
Jul 201605,80241.622.92$16,967
Jun 201626,45245.352.69$17,420
May 201606,98142.521.99$13,899
Apr 201605,97036.561.99$11,887
Mar 201606,39933.011.79$11,480
Feb 201655,75626.472.06$12,011
Jan 201605,83027.352.36$13,784
Dec 20150032.362.00$0
Nov 201526,29038.792.17$13,710
Oct 201526,88443.552.43$16,792
Sep 201505,99742.992.76$16,542
Aug 201504,71840.162.87$13,552
Jul 201517,35448.152.95$21,706
Jun 201546,82056.152.88$19,886
May 201507,73155.212.96$22,849
Apr 201507,18749.822.71$19,452
Mar 201527,01042.892.93$20,658
Feb 201506,42744.662.98$19,128
Jan 2015410,20543.433.10$31,816
Dec 201409,14954.693.59$32,857
Nov 2014011,74270.464.25$49,925
Oct 2014010,59178.303.90$41,315
Sep 2014412,54786.164.05$51,103
Aug 2014010,76389.394.04$43,430
Jul 201406,55496.564.18$27,393
Jun 201405,16198.164.74$24,447
May 2014512,49294.734.73$59,518
Apr 2014013,61995.944.81$65,495
Mar 2014012,07995.895.06$61,081
Feb 201409,80097.406.19$60,682
Jan 2014012,91990.404.86$62,796
Dec 2013010,83691.824.35$47,185
Nov 2013312,60488.853.74$47,384
Oct 2013011,09897.423.78$41,943
Sep 201306,618104.113.72$24,604
Aug 201306,753104.253.52$23,788
Jul 201306,701102.523.72$24,913
Jun 201337,91294.403.93$31,404
May 2013013,54394.834.15$56,191
Apr 2013011,60693.964.28$49,704
Mar 201306,43593.623.91$25,179
Feb 2013011,74391.233.42$40,160
Jan 201306,93991.603.42$23,731
Dec 201207,36486.773.42$25,186
Nov 201207,04186.953.62$25,523
Oct 201209,15689.383.40$31,127
Sep 2012010,92194.672.92$31,872
Aug 201207,72492.662.91$22,463
Jul 201219,07985.133.02$27,511
Jun 2012012,86779.822.52$32,412
May 2012014,54791.612.49$36,198
Apr 201208,539101.652.00$17,051
Mar 201209,134105.052.22$20,296
Feb 201209,552101.102.57$24,551
Jan 201206,53998.092.73$17,878
Dec 2011015,15596.873.24$49,098
Nov 2011011,58895.723.31$38,371
Oct 201109,79284.983.65$35,727
Sep 2011012,08083.623.99$48,148
Aug 2011013,66883.404.15$56,713
Jul 2011012,21594.144.52$55,178
Jun 2011011,92992.904.64$55,349
May 201109,89798.134.40$43,595
Apr 2011013,804105.964.33$59,817
Mar 2011013,53096.364.06$54,896
Feb 2011011,59785.644.18$48,475
Jan 2011012,54286.504.59$57,552
Dec 2010012,52785.734.35$54,464
Nov 2010010,48780.843.80$39,802
Oct 20101078.103.51$78
Sep 20100072.633.98$0
Aug 20102073.684.42$147
Jul 20100072.554.74$0
Jun 2010010,16770.364.91$49,924
May 2010015,37671.124.24$65,121
Apr 2010318,58081.694.12$76,845
Mar 2010119,43678.394.39$85,377
Feb 2010017,38273.585.44$94,599
Jan 2010319,31674.365.96$115,425
Dec 2009020,49671.445.48$112,395
Nov 2009320,05774.593.75$75,468
Oct 2009021,12072.544.11$86,808
Sep 2009021,21965.543.06$65,031
Aug 2009022,63467.423.22$72,848
Jul 2009323,62061.133.46$82,015
Jun 2009023,09466.163.90$89,951
May 2009022,13954.743.93$86,912
Apr 2009321,85646.773.59$78,549
Mar 2009022,50442.144.06$91,344
Feb 2009218,06132.814.63$83,742
Jan 2009017,20835.865.37$92,424
Dec 2008624,31337.105.98$145,545
Nov 2008024,31555.496.86$166,810
Oct 2008024,71675.246.92$171,084
Sep 2008323,728101.767.88$187,213
Aug 2008327,877114.228.48$236,824
Jul 2008326,304131.0811.39$299,981
Jun 2008025,510131.3313.03$332,462
May 2008025,993123.1711.57$300,851
Apr 2008026,053110.3110.45$272,380
Mar 2008327,561101.909.66$266,657
Feb 2008326,65092.538.77$234,014
Jan 2008028,18190.388.21$231,246
Dec 2007328,38188.337.30$207,502
Nov 2007328,04591.677.29$204,771
Oct 2007032,50782.856.92$225,013
Sep 2007029,94675.846.24$186,988
Aug 2007332,72369.066.39$209,240
Jul 2007035,15770.906.39$224,581
Jun 2007435,29062.007.55$266,633
May 2007038,58558.747.85$302,749
Apr 2007342,67159.617.81$333,235
Mar 2007033,31856.927.30$243,287
Feb 2007227,43255.108.22$225,492
Jan 2007223,65350.306.73$159,211
Dec 2006327,40056.656.92$189,735
Nov 2006025,71954.207.62$195,914
Oct 2006028,58554.906.01$171,904
Sep 2006328,27560.085.04$142,607
Aug 2006027,71868.717.34$203,448
Jul 2006027,40669.376.34$173,830
Jun 2006127,03566.286.38$172,654
May 2006456,42466.016.42$362,788
Apr 2006028,05564.397.36$206,498
Mar 2006430,84456.707.08$218,692
Feb 2006034,87857.597.75$270,344
Jan 2006440,10160.598.93$358,477
Dec 2005041,63654.9413.42$558,564
Nov 2005441,42854.6910.59$438,875
Oct 2005046,30258.3413.80$638,771
Sep 2005453,09161.4512.08$641,532
Aug 2005057,75761.519.80$565,836
Jul 2005047,51655.697.84$372,698
Jun 2005341,49452.337.38$306,426
May 2005046,72945.226.65$310,802
Apr 2005347,35049.207.36$348,666
Mar 2005351,08250.377.15$365,637
Feb 20051348,71945.226.31$308,098
Jan 20051055,08643.166.32$348,696
Dec 2004857,29339.866.75$387,109
Nov 2004458,81945.286.33$372,530
Oct 2004064,07249.706.52$417,435
Sep 2004062,32343.245.28$329,309
Aug 2004568,85342.375.55$382,391
Jul 2004072,77138.286.08$442,752
Jun 2004675,33336.106.43$484,835
May 2004081,07437.486.49$526,542
Apr 20041386,88734.475.86$509,472
Mar 2004077,55034.365.53$428,862
Feb 2004667,84032.455.51$373,967
Jan 20042081,32332.036.30$512,946
Dec 2003088,73930.266.30$559,201
Nov 2003596,66428.804.60$444,331
Oct 20031107,17628.174.76$510,147
Sep 2003026,56726.314.75$126,176
Aug 20030029.765.13$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.

Jul 2025 — as filed, then multipliedworked
Condensate             4 bbl  × $ 66.74 =       $267
Gas                    0 Mcf  × $  3.32 =         $0

────────────────────────────────────────────────────
Month total                                     $267

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/196957 is the state's own key, not one this site invented.