VILLARREAL

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 198454District 04Field 021006252 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.3 M
Dec 2003 – May 2026
Value, last 12 filed months
$29 k
at the published price for each month
Months reported
270
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 Gas112004-05-17156397
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
CondensateDisposition27,297 bbl$1,266,120
GasProduction2,212,849 Mcf$13,995,023
Total$15,261,142

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 26.7480, -98.3611. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.74800, -98.36114 · 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
10,000 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 10,000 ft.

Completions filed
Dec 2014
1 of 1 wells

1 well

42-427336711510,000 ftDec 2014

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 (270)

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

270 months

May 20268311106.413.05$1,799
Apr 2026031098.932.87$890
Mar 2026832289.753.15$1,732
Feb 2026429263.503.75$1,349
Jan 202616134759.138.00$12,295
Dec 2025433456.664.41$1,701
Nov 2025834058.593.93$1,804
Oct 2025434659.383.30$1,381
Sep 2025442762.743.08$1,565
Aug 2025428263.933.01$1,106
Jul 2025438766.743.32$1,550
Jun 2025835666.483.13$1,646
May 2025038760.553.23$1,251
Apr 2025436162.363.54$1,529
Mar 202512038467.704.27$9,763
Feb 2025433770.884.34$1,746
Jan 2025035774.324.28$1,527
Dec 2024032868.993.12$1,024
Nov 202415938969.052.20$11,834
Oct 2024440371.372.28$1,205
Sep 20248737569.612.36$6,943
Aug 2024439575.632.06$1,118
Jul 202419139679.932.15$16,117
Jun 20248939978.082.63$8,000
May 2024442578.812.20$1,250
Apr 2024442384.451.66$1,040
Mar 2024443180.301.55$987
Feb 2024741976.091.78$1,280
Jan 202418344873.023.30$14,840
Dec 2023642671.262.61$1,540
Nov 2023344077.892.81$1,469
Oct 2023645985.443.09$1,930
Sep 202318043789.042.74$17,222
Aug 2023646880.522.67$1,734
Jul 2023345674.852.64$1,429
Jun 2023645868.962.26$1,448
May 2023646170.622.23$1,451
Apr 2023642578.122.24$1,420
Mar 2023047172.852.39$1,127
Feb 2023640775.112.47$1,454
Jan 2023349476.533.39$1,903
Dec 202219053776.415.73$17,594
Nov 2022353185.005.65$3,253
Oct 2022656487.185.86$3,830
Sep 202218457884.888.16$20,337
Aug 2022060594.529.13$5,522
Jul 20226624101.587.54$5,316
Jun 20226623115.097.98$5,660
May 2022188575109.378.43$25,411
Apr 20223542104.226.84$4,019
Mar 2022184598108.885.08$23,070
Feb 2022354691.054.86$2,926
Jan 2022656481.844.54$3,050
Dec 2021353471.323.90$2,296
Nov 2021450177.435.24$2,933
Oct 202118662079.795.71$18,384
Sep 2021367569.865.35$3,821
Aug 202118775766.024.22$15,541
Jul 2021881970.783.98$3,828
Jun 2021497169.493.38$3,561
May 202104663.483.02$139
Apr 2021557260.362.76$1,880
Mar 202118468361.302.72$13,135
Feb 2021462657.805.55$3,704
Jan 2021573850.412.81$2,326
Dec 2020474744.642.68$2,177
Nov 2020473638.772.71$2,147
Oct 2020477636.972.48$2,071
Sep 2020468737.091.99$1,516
Aug 2020468939.982.39$1,803
Jul 2020080338.371.83$1,466
Jun 2020979834.901.69$1,663
May 2020481316.921.81$1,543
Apr 202017373714.751.80$3,882
Mar 202019085830.341.86$7,357
Feb 2020680949.881.98$1,902
Jan 2020786057.252.09$2,202
Dec 2019487259.012.30$2,245
Nov 2019087455.302.75$2,404
Oct 201916192653.472.42$10,848
Sep 2019090355.052.66$2,400
Aug 2019090053.112.30$2,074
Jul 2019084356.272.46$2,074
Jun 201918391652.782.49$11,941
May 2019097858.482.74$2,680
Apr 2019094662.632.75$2,602
Mar 2019099056.803.06$3,031
Feb 2019091250.852.79$2,547
Jan 201901,00546.033.23$3,244
Dec 2018098646.594.19$4,127
Nov 2018099152.934.24$4,199
Oct 20181821,05661.443.40$14,770
Sep 201801,03759.543.11$3,223
Aug 201801,09759.403.07$3,364
Jul 201801,07165.142.93$3,140
Jun 20181841,07160.183.08$14,369
May 201801,14665.382.90$3,324
Apr 201801,19663.842.90$3,469
Mar 201801,11661.222.79$3,110
Feb 201819297961.782.77$14,570
Jan 201801,04662.874.01$4,194
Dec 201701,11057.272.92$3,243
Nov 20172199355.423.12$4,260
Oct 2017171,02549.292.98$3,896
Sep 201701,25547.523.09$3,875
Aug 20171921,01445.373.00$11,758
Jul 2017079943.873.09$2,467
Jun 20172291,10642.493.09$13,145
May 2017084145.373.26$2,745
Apr 20172751,10247.933.21$16,720
Mar 2017671,09746.772.98$6,407
Feb 2017411,17150.452.95$5,526
Jan 201701,28949.413.42$4,407
Dec 2016171,26548.763.72$5,538
Nov 201601,14042.492.64$3,015
Oct 2016161,44446.193.09$5,201
Sep 201671,65841.553.10$5,432
Aug 2016101,65341.442.92$5,248
Jul 20162071,80741.622.92$13,900
Jun 2016201,88245.352.69$5,962
May 2016152,03342.521.99$4,686
Apr 2016101,87836.561.99$4,105
Mar 20161972,22033.011.79$10,486
Feb 2016102,23026.472.06$4,867
Jan 2016102,52727.352.36$6,248
Dec 20151952,68932.362.00$11,692
Nov 2015152,72938.792.17$6,496
Oct 201502,82343.552.43$6,850
Sep 20151993,07642.992.76$17,040
Aug 2015633,46440.162.87$12,480
Jul 2015543,76248.152.95$13,679
Jun 2015543,89556.152.88$14,261
May 201504,17555.212.96$12,339
Apr 20152304,44449.822.71$23,487
Mar 201504,67942.892.93$13,732
Feb 20152393,99944.662.98$22,576
Jan 20152024,19043.433.10$21,765
Dec 2014425,10654.693.59$20,634
Nov 2014054370.464.25$2,309
Oct 2014060378.303.90$2,352
Sep 201405286.164.05$210
Aug 201406289.394.04$250
Jul 2014020896.564.18$869
Jun 2014022198.164.74$1,047
May 201418294.734.73$482
Apr 2014242295.944.81$2,221
Mar 201426395.895.06$510
Feb 201401,35997.406.19$8,415
Jan 2014034790.404.86$1,687
Dec 201308991.824.35$388
Nov 2013085588.853.74$3,196
Oct 201302,93197.423.78$11,077
Sep 20135471104.113.72$2,272
Aug 201312,770104.253.52$9,862
Jul 201303,668102.523.72$13,637
Jun 20131773,41394.403.93$30,134
May 201321,78094.834.15$7,575
Apr 2013012693.964.28$540
Mar 2013241093.623.91$1,792
Feb 2013023891.233.42$814
Jan 2013029491.603.42$1,005
Dec 2012016386.773.42$557
Nov 2012062286.953.62$2,255
Oct 2012169289.383.40$2,442
Sep 2012030994.672.92$902
Aug 2012026392.662.91$765
Jul 2012326385.133.02$1,050
Jun 20120079.822.52$0
May 2012572091.612.49$2,250
Apr 201211,016101.652.00$2,130
Mar 201251,547105.052.22$3,963
Feb 201213,770101.102.57$9,791
Jan 20121812,64498.092.73$24,983
Dec 201183,93396.873.24$13,517
Nov 2011104,13495.723.31$14,646
Oct 201151,90784.983.65$7,383
Sep 2011298983.623.99$4,109
Aug 201141,78283.404.15$7,728
Jul 201133,32494.144.52$15,298
Jun 201141,67592.904.64$8,143
May 201131,98698.134.40$9,042
Apr 201121,425105.964.33$6,387
Mar 201152,03496.364.06$8,734
Feb 201121,46185.644.18$6,278
Jan 20111484,00186.504.59$31,162
Dec 201033,74885.734.35$16,553
Nov 201012,54180.843.80$9,725
Oct 2010023678.103.51$828
Sep 201011,18372.633.98$4,780
Aug 2010130973.684.42$1,439
Jul 2010125672.554.74$1,285
Jun 2010166670.364.91$3,341
May 2010061271.124.24$2,592
Apr 201021,41281.694.12$5,985
Mar 201013,68178.394.39$16,233
Feb 20101933,67573.585.44$34,202
Jan 201003,17674.365.96$18,942
Dec 200903,84171.445.48$21,063
Nov 200903,91774.593.75$14,695
Oct 200903,84072.544.11$15,783
Sep 200913,86965.543.06$11,923
Aug 20091753,80867.423.22$24,055
Jul 200903,42261.133.46$11,856
Jun 200913,78466.163.90$14,805
May 200923,62154.743.93$14,325
Apr 200901,76646.773.59$6,336
Mar 20091861,49342.144.06$13,898
Feb 200911,80132.814.63$8,377
Jan 200911,04535.865.37$5,649
Dec 2008264037.105.98$3,900
Nov 2008044155.496.86$3,025
Oct 200806,02775.246.92$41,719
Sep 200816,052101.767.88$47,774
Aug 200813,307114.228.48$28,168
Jul 200856,274131.0811.39$72,113
Jun 200817,350131.3313.03$95,921
May 200898,017123.1711.57$93,900
Apr 20082064,788110.3110.45$72,782
Mar 200806,178101.909.66$59,705
Feb 200807,12592.538.77$62,490
Jan 200807,19590.388.21$59,040
Dec 200707,37788.337.30$53,867
Nov 200708,67491.677.29$63,248
Oct 200705,72682.856.92$39,635
Sep 20071967,59875.846.24$62,308
Aug 200707,65769.066.39$48,912
Jul 200706,86170.906.39$43,828
Jun 200708,98962.007.55$67,853
May 20071939,02358.747.85$82,134
Apr 200708,54059.617.81$66,656
Mar 200709,81856.927.30$71,691
Feb 20071979,57555.108.22$89,523
Jan 200709,98250.306.73$67,147
Dec 2006010,76256.656.92$74,456
Nov 2006011,77454.207.62$89,688
Oct 200614812,82154.906.01$85,228
Sep 200619112,94560.085.04$76,682
Aug 2006012,93368.717.34$94,927
Jul 2006012,59369.376.34$79,874
Jun 200613513,37366.286.38$94,319
May 20064614,70866.016.42$97,535
Apr 200618915,50164.397.36$126,265
Mar 2006017,05256.707.08$120,778
Feb 2006015,97857.597.75$123,847
Jan 200619920,00460.598.93$190,760
Dec 2005021,15154.9413.42$283,749
Nov 200519820,70154.6910.59$230,019
Oct 200519722,85158.3413.80$326,740
Sep 200519621,90561.4512.08$276,635
Aug 200538825,72861.519.80$275,919
Jul 2005024,80955.697.84$194,593
Jun 200519125,52452.337.38$198,389
May 200539830,97045.226.65$223,984
Apr 200519630,32349.207.36$232,835
Mar 200539133,71650.377.15$260,929
Feb 200520034,62745.226.31$227,607
Jan 200560239,97243.166.32$278,693
Dec 200419643,99739.866.75$304,840
Nov 200439847,97645.286.33$321,730
Oct 200457357,29049.706.52$401,728
Sep 200437762,78643.245.28$348,056
Aug 200438975,51542.375.55$435,640
Jul 200498288,47638.286.08$575,895
Jun 200438558,77136.106.43$391,974
May 200497675,42337.486.49$526,421
Apr 20041,161125,47534.475.86$775,110
Mar 20041,736147,58034.365.53$875,787
Feb 20042,548173,06132.455.51$1,036,183
Jan 20043,716211,59832.036.30$1,452,015
Dec 20031,375112,31530.266.30$749,376

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             8 bbl  × $106.41 =       $851
Gas                  311 Mcf  × $  3.05 =       $947

────────────────────────────────────────────────────
Month total                                   $1,799

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/198454 is the state's own key, not one this site invented.