VILLAREAL

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

Gas lease lease 197656District 04Field 021006252 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.7 M
Sep 2003 – May 2026
Value, last 12 filed months
$24 k
at the published price for each month
Months reported
273
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 90 leases and 90 wells, and the rule below applies to all of them.

Discovered
1993-06-15
as the register files it
Field class
Oil and 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 40 acres. The field rule took effect on 2001-11-06.

The Commission's schedule remark for this field reads: AS A SINGLE RESERVOIR.

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 Gas112004-12-03155481
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
CondensateDisposition26,070 bbl$1,130,910
GasProduction3,043,475 Mcf$16,603,801
Total$17,734,711

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 26.7446, -98.3651. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.74459, -98.36513 · 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
9,700 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 9,700 ft.

Completions filed
Jan 2004
1 of 1 wells

1 well

42-42733639149,700 ftJan 2004

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 (273)

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

273 months

May 20261412106.413.05$1,361
Apr 2026046498.932.87$1,332
Mar 2026139989.753.15$1,346
Feb 2026140463.503.75$1,579
Jan 2026168359.138.00$5,522
Dec 2025157056.664.41$2,572
Nov 2025139058.593.93$1,590
Oct 2025149259.383.30$1,685
Sep 2025172362.743.08$2,287
Aug 2025140463.933.01$1,282
Jul 2025170366.743.32$2,397
Jun 2025136866.483.13$1,218
May 2025061060.553.23$1,972
Apr 2025148262.363.54$1,770
Mar 2025163167.704.27$2,761
Feb 2025138070.884.34$1,720
Jan 2025042374.324.28$1,810
Dec 2024053068.993.12$1,654
Nov 2024137169.052.20$885
Oct 2024152971.372.28$1,278
Sep 2024148469.612.36$1,214
Aug 2024152575.632.06$1,159
Jul 2024127779.932.15$675
Jun 2024120978.082.63$629
May 202411431278.812.20$9,670
Apr 2024136484.451.66$688
Mar 2024131880.301.55$572
Feb 2024121276.091.78$454
Jan 2024127773.023.30$986
Dec 2023124371.262.61$706
Nov 2023028677.892.81$803
Oct 2023127685.443.09$938
Sep 2023023889.042.74$651
Aug 2023129180.522.67$858
Jul 2023036274.852.64$956
Jun 2023135468.962.26$868
May 2023132570.622.23$795
Apr 2023052678.122.24$1,177
Mar 2023022072.852.39$527
Feb 2023124575.112.47$679
Jan 2023018576.533.39$627
Dec 2022118976.415.73$1,159
Nov 2022114985.005.65$926
Oct 2022116487.185.86$1,049
Sep 2022120884.888.16$1,783
Aug 2022016994.529.13$1,542
Jul 20221172101.587.54$1,399
Jun 20221172115.097.98$1,487
May 20221222109.378.43$1,982
Apr 20220150104.226.84$1,026
Mar 20221235108.885.08$1,302
Feb 2022020491.054.86$991
Jan 20221121581.844.54$1,876
Dec 202182871.323.90$680
Nov 20211419377.435.24$2,095
Oct 2021352,14279.795.71$15,032
Sep 2021185,99069.865.35$33,309
Aug 2021176,73666.024.22$29,552
Jul 20212346,46770.783.98$42,315
Jun 2021247,48969.493.38$26,985
May 202101,01763.483.02$3,069
Apr 2021414,56760.362.76$15,072
Mar 202106,22661.302.72$16,916
Feb 20212166,03857.805.55$45,983
Jan 2021394,78650.412.81$15,416
Dec 2020416,04044.642.68$17,990
Nov 2020406,57638.772.71$19,349
Oct 2020416,81436.972.48$18,404
Sep 20202266,93837.091.99$22,196
Aug 2020426,27939.982.39$16,655
Jul 202006,62838.371.83$12,097
Jun 2020854,95534.901.69$11,342
May 2020436,75616.921.81$12,988
Apr 202005,87814.751.80$10,606
Mar 20202176,43030.341.86$18,519
Feb 2020556,32049.881.98$15,261
Jan 2020676,62257.252.09$17,707
Dec 2019417,00159.012.30$18,552
Nov 201925,76155.302.75$15,957
Oct 20191846,79453.472.42$26,270
Sep 201906,67855.052.66$17,745
Aug 201906,65053.112.30$15,324
Jul 201906,43156.272.46$15,821
Jun 201906,67652.782.49$16,631
May 20191936,84158.482.74$30,033
Apr 201906,61962.632.75$18,207
Mar 201907,18956.803.06$22,013
Feb 201905,81550.852.79$16,237
Jan 201907,35546.033.23$23,743
Dec 201806,98946.594.19$29,252
Nov 201807,37852.934.24$31,262
Oct 20181828,14761.443.40$38,866
Sep 201806,93559.543.11$21,554
Aug 201807,73459.403.07$23,717
Jul 201807,91865.142.93$23,215
Jun 20181828,13860.183.08$35,993
May 201808,23865.382.90$23,897
Apr 201808,49663.842.90$24,645
Mar 201809,49561.222.79$26,461
Feb 20181929,08561.782.77$36,992
Jan 201817,25362.874.01$29,142
Dec 2017576257.272.92$2,513
Nov 2017021655.423.12$674
Oct 2017532649.292.98$1,219
Sep 2017298747.523.09$3,142
Aug 2017154145.373.00$1,671
Jul 2017054143.873.09$1,670
Jun 2017835842.493.09$1,445
May 20171143345.373.26$1,912
Apr 20172031447.933.21$1,967
Mar 20172885646.772.98$3,864
Feb 2017501,20350.452.95$6,074
Jan 201725,43849.413.42$18,690
Dec 20161965,80848.763.72$31,179
Nov 201646,76042.492.64$18,046
Oct 201686,95846.193.09$21,872
Sep 2016266,48041.553.10$21,172
Aug 20162057,08141.442.92$29,202
Jul 2016217,22841.622.92$22,011
Jun 2016107,37945.352.69$20,272
May 2016186,39042.521.99$13,488
Apr 2016115,17536.561.99$10,706
Mar 20162017,18933.011.79$19,532
Feb 201676,81726.472.06$14,253
Jan 201677,34727.352.36$17,562
Dec 2015147,50232.362.00$15,468
Nov 2015117,51138.792.17$16,706
Oct 2015106,41443.552.43$16,000
Sep 201531,25442.992.76$3,588
Aug 201542,52340.162.87$7,408
Jul 201557,29948.152.95$21,737
Jun 201556,79856.152.88$19,878
May 20152035,20855.212.96$26,600
Apr 201517,03049.822.71$19,077
Mar 201526,63642.892.93$19,561
Feb 201544,33844.662.98$13,089
Jan 201576,37743.433.10$20,077
Dec 20141867,95654.693.59$38,745
Nov 201467,64670.464.25$32,932
Oct 201433,03778.303.90$12,082
Sep 201415,11886.164.05$20,791
Aug 201416,26689.394.04$25,373
Jul 201465,81996.564.18$24,900
Jun 201476,56698.164.74$31,789
May 20141986,71994.734.73$50,514
Apr 2014117,02795.944.81$34,849
Mar 201487,54295.895.06$38,906
Feb 201404,84097.406.19$29,969
Jan 201404,34390.404.86$21,110
Dec 20131712,43391.824.35$26,296
Nov 201305,36088.853.74$20,037
Oct 201307,05697.423.78$26,667
Sep 2013123,669104.113.72$14,890
Aug 201355,914104.253.52$21,354
Jul 201306,649102.523.72$24,719
Jun 201306,71894.403.93$26,425
May 201336,42994.834.15$26,959
Apr 201317,11093.964.28$30,543
Mar 201367,46793.623.91$29,779
Feb 201316,45391.233.42$22,160
Jan 201317,36091.603.42$25,262
Dec 201207,48086.773.42$25,583
Nov 201227,41886.953.62$27,064
Oct 20121847,76689.383.40$42,848
Sep 201207,20494.672.92$21,024
Aug 201217,96892.662.91$23,265
Jul 201267,73585.133.02$23,877
Jun 20120079.822.52$0
May 201247,95991.612.49$20,171
Apr 201217,741101.652.00$15,559
Mar 201288,588105.052.22$19,924
Feb 201228,004101.102.57$20,774
Jan 20121768,20698.092.73$39,700
Dec 2011108,65796.873.24$29,015
Nov 2011128,93995.723.31$30,748
Oct 201199,00884.983.65$33,631
Sep 201129,05883.623.99$36,271
Aug 201168,38083.404.15$35,272
Jul 201129,03394.144.52$40,993
Jun 201178,63192.904.64$40,697
May 20111889,40998.134.40$59,893
Apr 201108,594105.964.33$37,240
Mar 201137,62096.364.06$31,206
Feb 201145,05385.644.18$21,464
Jan 201145,52586.504.59$25,699
Dec 20101895,95285.734.35$42,081
Nov 201017,18280.843.80$27,339
Oct 201003,05078.103.51$10,702
Sep 201019,82472.633.98$39,167
Aug 201016,52873.684.42$28,923
Jul 201017,68372.554.74$36,463
Jun 201006,48570.364.91$31,844
May 201018,82871.124.24$37,460
Apr 201015,79781.694.12$23,981
Mar 201007,32078.394.39$32,125
Feb 201029,06773.585.44$49,493
Jan 201008,49674.365.96$50,671
Dec 200905,81171.445.48$31,866
Nov 200905,64274.593.75$21,166
Oct 200917,31772.544.11$30,147
Sep 200905,90765.543.06$18,103
Aug 200906,78667.423.22$21,841
Jul 200903,73461.133.46$12,936
Jun 200918,92866.163.90$34,841
May 20091939,58854.743.93$48,205
Apr 200912,55946.773.59$9,227
Mar 200938,55642.144.06$34,855
Feb 20091956,55432.814.63$36,763
Jan 200912,37435.865.37$12,787
Dec 200821,55937.105.98$9,393
Nov 200801,56555.496.86$10,736
Oct 20081986,03175.246.92$56,644
Sep 200827,328101.767.88$57,927
Aug 200817,117114.228.48$60,488
Jul 200835,945131.0811.39$68,103
Jun 200815,843131.3313.03$76,281
May 2008116,558123.1711.57$77,259
Apr 20082126,666110.3110.45$93,078
Mar 200804,534101.909.66$43,817
Feb 200808,86092.538.77$77,707
Jan 20081857,83690.388.21$81,020
Dec 200706,42488.337.30$46,908
Nov 200709,63491.677.29$70,248
Oct 200710610,25882.856.92$79,788
Sep 20073710,37075.846.24$67,558
Aug 200709,92569.066.39$63,400
Jul 2007011,70170.906.39$74,745
Jun 200719311,47862.007.55$98,607
May 2007012,24458.747.85$96,070
Apr 2007012,38959.617.81$96,699
Mar 200716412,81156.927.30$102,880
Feb 2007012,03255.108.22$98,855
Jan 2007013,06450.306.73$87,880
Dec 2006012,79956.656.92$88,549
Nov 200612410,78754.207.62$88,891
Oct 2006011,86154.906.01$71,330
Sep 20068612,88760.085.04$70,081
Aug 2006013,19168.717.34$96,821
Jul 200617412,87169.376.34$93,708
Jun 2006011,95866.286.38$76,338
May 200610512,70366.016.42$88,548
Apr 2006013,49564.397.36$99,330
Mar 200619214,77156.707.08$115,508
Feb 2006013,31557.597.75$103,206
Jan 2006016,11960.598.93$143,996
Dec 200519216,36754.9413.42$230,118
Nov 200520517,75454.6910.59$199,198
Oct 2005017,79458.3413.80$245,482
Sep 200519219,74961.4512.08$250,347
Aug 200520822,95661.519.80$237,690
Jul 200519421,21455.697.84$177,199
Jun 200519123,01452.337.38$179,862
May 200518228,52245.226.65$197,934
Apr 200519927,52049.207.36$212,351
Mar 200538829,99550.377.15$234,154
Feb 200519330,83545.226.31$203,356
Jan 200539337,21243.166.32$252,224
Dec 200420040,78939.866.75$283,342
Nov 200439742,68445.286.33$288,184
Oct 200439150,83549.706.52$350,628
Sep 200438753,34143.245.28$298,582
Aug 200456561,88442.375.55$367,436
Jul 200458571,42838.286.08$456,975
Jun 200438559,81236.106.43$398,670
May 200478771,57937.486.49$494,372
Apr 200476378,85534.475.86$488,269
Mar 200496799,76634.365.53$584,946
Feb 200497699,73532.455.51$581,173
Jan 20041,564124,91832.036.30$837,033
Dec 20032,122192,80130.266.30$1,279,174
Nov 20032,917157,56928.804.60$808,064
Oct 20033,123211,67628.174.76$1,095,476
Sep 2003074726.314.75$3,548

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             1 bbl  × $106.41 =       $106
Gas                  412 Mcf  × $  3.05 =     $1,255

────────────────────────────────────────────────────
Month total                                   $1,361

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/197656 is the state's own key, not one this site invented.