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MCGILL BROS.

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

Gas lease lease 224467District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$684 k
Dec 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
234
no gaps in the span
Streams
2
condensate, gas

The KELSEY (VXKBG. CONSOL.) field

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 88 leases and 91 wells, and the rule below applies to all of them.

Discovered
1999-11-02
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 1999-11-03.

The Commission's schedule remark for this field reads: “CONSIST OF 95% DEL. AND 5% PER WELL.”

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 Gas112007-08-28176478
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
CondensateDisposition1,770 bbl$123,396
GasProduction81,732 Mcf$561,010
Total$684,407

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 26.7644, -98.3381. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.76435, -98.33811 · 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
10,300 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 10,300 ft.

Completions filed
Dec 2006
1 of 1 wells

1 well

42-4273404360010,300 ftDec 2006——

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 (234)

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

234 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 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 202116057.805.55$925
Jan 202105550.412.81$155
Dec 202005144.642.68$136
Nov 20200038.772.71$0
Oct 202002336.972.48$57
Sep 20200037.091.99$0
Aug 2020022939.982.39$546
Jul 2020011838.371.83$215
Jun 20200434.901.69$7
May 20200016.921.81$0
Apr 202002214.751.80$40
Mar 202007230.341.86$134
Feb 202003949.881.98$77
Jan 202005457.252.09$113
Dec 2019011959.012.30$274
Nov 20198014955.302.75$4,834
Oct 2019016353.472.42$394
Sep 2019016155.052.66$428
Aug 2019017953.112.30$412
Jul 2019021056.272.46$517
Jun 2019016752.782.49$416
May 2019017058.482.74$466
Apr 2019018662.632.75$512
Mar 2019011756.803.06$358
Feb 2019012250.852.79$341
Jan 2019019346.033.23$623
Dec 2018010646.594.19$444
Nov 2018018952.934.24$801
Oct 2018015261.443.40$517
Sep 2018012459.543.11$385
Aug 2018019559.403.07$598
Jul 2018014065.142.93$410
Jun 2018016260.183.08$498
May 2018010965.382.90$316
Apr 2018012363.842.90$357
Mar 2018011161.222.79$309
Feb 201809761.782.77$268
Jan 2018010562.874.01$421
Dec 201708857.272.92$257
Nov 201707655.423.12$237
Oct 201706849.292.98$203
Sep 201708747.523.09$269
Aug 201708945.373.00$267
Jul 201706543.873.09$201
Jun 201704042.493.09$123
May 201707245.373.26$235
Apr 201707647.933.21$244
Mar 2017010846.772.98$322
Feb 201703550.452.95$103
Jan 201709049.413.42$308
Dec 201602748.763.72$101
Nov 201603742.492.64$98
Oct 201606646.193.09$204
Sep 201605041.553.10$155
Aug 201603941.442.92$114
Jul 201605041.622.92$146
Jun 20160045.352.69$0
May 20160842.521.99$16
Apr 20160036.561.99$0
Mar 201604033.011.79$72
Feb 201603626.472.06$74
Jan 201605427.352.36$128
Dec 2015015432.362.00$308
Nov 201503838.792.17$82
Oct 201501343.552.43$32
Sep 201501242.992.76$33
Aug 201502940.162.87$83
Jul 201504148.152.95$121
Jun 201502256.152.88$63
May 201507755.212.96$228
Apr 201507549.822.71$203
Mar 201502642.892.93$76
Feb 20150044.662.98$0
Jan 201509343.433.10$288
Dec 201404154.693.59$147
Nov 201405870.464.25$247
Oct 20140378.303.90$12
Sep 201403886.164.05$154
Aug 201408189.394.04$327
Jul 201405196.564.18$213
Jun 2014015198.164.74$715
May 201403194.734.73$147
Apr 201408395.944.81$399
Mar 2014012895.895.06$647
Feb 20140497.406.19$25
Jan 201401590.404.86$73
Dec 201303991.824.35$170
Nov 201308088.853.74$299
Oct 2013011997.423.78$450
Sep 20130117104.113.72$435
Aug 20130122104.253.52$430
Jul 2013092102.523.72$342
Jun 2013010594.403.93$413
May 201307794.834.15$319
Apr 201306693.964.28$283
Mar 2013010093.623.91$391
Feb 2013011891.233.42$404
Jan 2013036691.603.42$1,252
Dec 201203786.773.42$127
Nov 201201686.953.62$58
Oct 20120989.383.40$31
Sep 201209194.672.92$266
Aug 2012020192.662.91$585
Jul 2012017985.133.02$541
Jun 2012014879.822.52$373
May 2012021991.612.49$545
Apr 20120275101.652.00$549
Mar 20120183105.052.22$407
Feb 20120229101.102.57$589
Jan 2012025098.092.73$684
Dec 2011018696.873.24$603
Nov 2011010195.723.31$334
Oct 2011030984.983.65$1,127
Sep 2011012183.623.99$482
Aug 201102583.404.15$104
Jul 201105594.144.52$248
Jun 201103092.904.64$139
May 2011015298.134.40$670
Apr 20110217105.964.33$940
Mar 2011028396.364.06$1,148
Feb 2011012285.644.18$510
Jan 2011019686.504.59$899
Dec 2010018285.734.35$791
Nov 2010021680.843.80$820
Oct 2010027378.103.51$958
Sep 2010022972.633.98$911
Aug 201006173.684.42$270
Jul 20100172.554.74$5
Jun 2010323770.364.91$1,375
May 2010031671.124.24$1,338
Apr 2010030681.694.12$1,262
Mar 2010038778.394.39$1,698
Feb 2010028373.585.44$1,540
Jan 2010035574.365.96$2,117
Dec 2009011871.445.48$647
Nov 2009020574.593.75$769
Oct 200903272.544.11$132
Sep 200904465.543.06$135
Aug 20090767.423.22$23
Jul 2009421061.133.46$972
Jun 200981,04366.163.90$4,592
May 20090354.743.93$12
Apr 2009041346.773.59$1,482
Mar 2009168642.144.06$2,827
Feb 200911,50132.814.63$6,987
Jan 200921,61235.865.37$8,730
Dec 200821,06737.105.98$6,452
Nov 2008561,21655.496.86$11,450
Oct 20089488575.246.92$13,199
Sep 200867976101.767.88$14,506
Aug 2008682,047114.228.48$25,132
Jul 2008621,376131.0811.39$23,799
Jun 2008363,742131.3313.03$53,496
May 200826853123.1711.57$13,075
Apr 200825670110.3110.45$9,763
Mar 2008351,058101.909.66$13,791
Feb 200871,46192.538.77$13,462
Jan 200842,10590.388.21$17,635
Dec 2007161,49888.337.30$12,352
Nov 200782,56591.677.29$19,437
Oct 2007111,18582.856.92$9,114
Sep 20071091475.846.24$6,466
Aug 2007393,95469.066.39$27,951
Jul 2007262,29170.906.39$16,478
Jun 2007424,38862.007.55$35,727
May 2007824,36558.747.85$39,066
Apr 20071443,76759.617.81$37,986
Mar 20072885,50756.927.30$56,605
Feb 20075074,16555.108.22$62,155
Jan 200706,61450.306.73$44,491
Dec 200602,52756.656.92$17,483

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.

Feb 2021 — as filed, then multipliedworked
Condensate            16 bbl  × $ 57.80 =       $925
Gas                    0 Mcf  × $  5.55 =         $0

────────────────────────────────────────────────────
Month total                                     $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/224467 is the state's own key, not one this site invented.