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 226968District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.7 M
May 2007 – May 2026
Value, last 12 filed months
$19 k
at the published price for each month
Months reported
229
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 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 Gas112007-09-19177070
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
CondensateDisposition14,486 bbl$1,101,444
GasProduction588,588 Mcf$3,620,058
Total$4,721,502

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 26.7781, -98.3331. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.77805, -98.33313 · 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
11,130 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 11,130 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-4273408360511,130 ftMay 2007

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 (229)

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

229 months

May 20265224106.413.05$1,214
Apr 2026023198.932.87$663
Mar 2026225789.753.15$989
Feb 2026225063.503.75$1,065
Jan 2026227059.138.00$2,278
Dec 202510729556.664.41$7,365
Nov 2025224058.593.93$1,060
Oct 2025227459.383.30$1,024
Sep 2025227462.743.08$969
Aug 2025225463.933.01$894
Jul 2025219866.743.32$790
Jun 2025229466.483.13$1,053
May 2025235160.553.23$1,256
Apr 2025232362.363.54$1,269
Mar 2025232367.704.27$1,514
Feb 2025231570.884.34$1,509
Jan 2025536474.324.28$1,929
Dec 2024539368.993.12$1,572
Nov 2024239669.052.20$1,009
Oct 2024237071.372.28$987
Sep 2024239769.612.36$1,078
Aug 2024235875.632.06$890
Jul 2024236879.932.15$950
Jun 2024535278.082.63$1,318
May 2024233878.812.20$901
Apr 2024235984.451.66$765
Mar 2024238480.301.55$754
Feb 2024530276.091.78$919
Jan 2024235773.023.30$1,323
Dec 20238936071.262.61$7,282
Nov 2023234077.892.81$1,110
Oct 2023739685.443.09$1,821
Sep 2023333989.042.74$1,194
Aug 2023540380.522.67$1,480
Jul 2023537574.852.64$1,365
Jun 2023539268.962.26$1,230
May 2023540270.622.23$1,249
Apr 2023335578.122.24$1,029
Mar 2023538272.852.39$1,278
Feb 2023240075.112.47$1,136
Jan 2023438476.533.39$1,607
Dec 20221040276.415.73$3,067
Nov 2022033985.005.65$1,914
Oct 2022240587.185.86$2,549
Sep 2022537984.888.16$3,518
Aug 2022238194.529.13$3,666
Jul 20225406101.587.54$3,570
Jun 20227345115.097.98$3,558
May 20220366109.378.43$3,086
Apr 20225300104.226.84$2,572
Mar 20227370108.885.08$2,640
Feb 2022337791.054.86$2,105
Jan 2022538281.844.54$2,143
Dec 2021239371.323.90$1,675
Nov 2021537277.435.24$2,335
Oct 2021537579.795.71$2,542
Sep 2021237369.865.35$2,136
Aug 2021538166.024.22$1,938
Jul 2021535470.783.98$1,764
Jun 2021230969.493.38$1,184
May 2021535463.483.02$1,386
Apr 2021430360.362.76$1,077
Mar 202112733861.302.72$8,703
Feb 2021530257.805.55$1,964
Jan 2021536350.412.81$1,272
Dec 2020233544.642.68$986
Nov 2020533338.772.71$1,095
Oct 2020528036.972.48$879
Sep 2020524837.091.99$679
Aug 2020528239.982.39$873
Jul 2020335138.371.83$756
Jun 20201135634.901.69$986
May 2020241216.921.81$782
Apr 2020841314.751.80$863
Mar 2020742430.341.86$999
Feb 20201237149.881.98$1,333
Jan 2020842257.252.09$1,342
Dec 2019240459.012.30$1,049
Nov 2019244155.302.75$1,324
Oct 2019848253.472.42$1,594
Sep 2019548055.052.66$1,551
Aug 2019247953.112.30$1,210
Jul 2019245556.272.46$1,232
Jun 2019243852.782.49$1,197
May 2019248558.482.74$1,446
Apr 2019243062.632.75$1,308
Mar 2019133456.803.06$1,080
Feb 2019225250.852.79$805
Jan 2019348946.033.23$1,717
Dec 2018143346.594.19$1,859
Nov 2018253552.934.24$2,373
Oct 2018247461.443.40$1,734
Sep 2018243159.543.11$1,459
Aug 2018148959.403.07$1,559
Jul 2018252165.142.93$1,658
Jun 2018249760.183.08$1,650
May 2018253765.382.90$1,688
Apr 2018249463.842.90$1,561
Mar 2018250461.222.79$1,527
Feb 201810254061.782.77$7,795
Jan 2018147562.874.01$1,967
Dec 2017245757.272.92$1,450
Nov 2017034755.423.12$1,082
Oct 2017029549.292.98$880
Sep 2017029347.523.09$905
Aug 2017136445.373.00$1,139
Jul 2017037143.873.09$1,145
Jun 2017037042.493.09$1,142
May 20176840345.373.26$4,400
Apr 2017037647.933.21$1,208
Mar 20175943246.772.98$4,048
Feb 2017134150.452.95$1,057
Jan 2017042649.413.42$1,456
Dec 2016337748.763.72$1,550
Nov 2016143142.492.64$1,182
Oct 2016240646.193.09$1,347
Sep 2016248441.553.10$1,584
Aug 2016248841.442.92$1,510
Jul 2016232341.622.92$1,028
Jun 2016227545.352.69$829
May 20169344142.521.99$4,832
Apr 2016049936.561.99$994
Mar 2016238833.011.79$762
Feb 2016044726.472.06$922
Jan 20169156227.352.36$3,818
Dec 2015056432.362.00$1,129
Nov 2015128238.792.17$650
Oct 2015128943.552.43$745
Sep 2015739642.992.76$1,393
Aug 201514032040.162.87$6,542
Jul 2015131948.152.95$988
Jun 2015146856.152.88$1,405
May 2015261955.212.96$1,940
Apr 2015664449.822.71$2,042
Mar 2015460742.892.93$1,953
Feb 2015227144.662.98$896
Jan 20151837543.433.10$8,180
Dec 2014030054.693.59$1,077
Nov 2014144770.464.25$1,971
Oct 2014063978.303.90$2,493
Sep 2014072486.164.05$2,929
Aug 2014274489.394.04$3,181
Jul 2014074896.564.18$3,126
Jun 2014374898.164.74$3,838
May 2014478394.734.73$4,080
Apr 2014079995.944.81$3,842
Mar 201418975795.895.06$21,951
Feb 2014073497.406.19$4,545
Jan 2014083490.404.86$4,054
Dec 2013075191.824.35$3,270
Nov 2013065388.853.74$2,441
Oct 201317970597.423.78$20,103
Sep 20130943104.113.72$3,506
Aug 20130981104.253.52$3,456
Jul 20130988102.523.72$3,673
Jun 20131901,03194.403.93$21,991
May 2013099594.834.15$4,128
Apr 201301,05693.964.28$4,522
Mar 2013088593.623.91$3,463
Feb 20131781,20391.233.42$20,353
Jan 201321,60391.603.42$5,665
Dec 201211,02586.773.42$3,592
Nov 20121961,49286.953.62$22,451
Oct 201281,55089.383.40$5,985
Sep 201211,79994.672.92$5,345
Aug 20121711,88992.662.91$21,338
Jul 201261,92285.133.02$6,317
Jun 201261,85279.822.52$5,144
May 201222,00591.612.49$5,172
Apr 201222,057101.652.00$4,311
Mar 20121931,985105.052.22$24,685
Feb 201222,016101.102.57$5,384
Jan 201252,08498.092.73$6,188
Dec 20111862,45696.873.24$25,975
Nov 201162,42995.723.31$8,617
Oct 20111672,57384.983.65$23,579
Sep 201172,45683.623.99$10,374
Aug 201132,47883.404.15$10,532
Jul 20111861,99394.144.52$26,513
Jun 201161,90792.904.64$9,406
May 20111751,90098.134.40$25,542
Apr 201101,924105.964.33$8,337
Mar 201111,97396.364.06$8,101
Feb 20111901,92085.644.18$24,297
Jan 201131,96686.504.59$9,281
Dec 20101962,04285.734.35$25,681
Nov 201032,09180.843.80$8,179
Oct 201022,30778.103.51$8,251
Sep 20101923,10272.633.98$26,289
Aug 201033,08273.684.42$13,842
Jul 201003,30472.554.74$15,649
Jun 201043,28870.364.91$16,427
May 20101923,65971.124.24$29,152
Apr 201003,67381.694.12$15,143
Mar 20101963,97778.394.39$32,818
Feb 201023,64073.585.44$19,957
Jan 20101934,03674.365.96$38,423
Dec 200913,74071.445.48$20,581
Nov 200903,97974.593.75$14,927
Oct 200923,99872.544.11$16,578
Sep 200913,27065.543.06$10,087
Aug 200902,45767.423.22$7,908
Jul 200941,68961.133.46$6,096
Jun 20091955,47166.163.90$34,211
May 200905,44554.743.93$21,376
Apr 20092529,00746.773.59$44,099
Mar 200934,69142.144.06$19,167
Feb 20092028,58232.814.63$46,388
Jan 20092099,96435.865.37$61,011
Dec 2008117,42837.105.98$44,806
Nov 20082273,56755.496.86$37,067
Oct 20082279,22775.246.92$80,949
Sep 20081512,719101.767.88$36,784
Aug 200825012,841114.228.48$137,485
Jul 20082205,994131.0811.39$97,106
Jun 200817710,780131.3313.03$163,737
May 20081353,062123.1711.57$52,068
Apr 200834915,101110.3110.45$196,377
Mar 20082329,277101.909.66$113,294
Feb 20081734,80392.538.77$58,133
Jan 20082179,18290.388.21$94,957
Dec 200737115,97188.337.30$149,390
Nov 200739223,62491.677.29$208,194
Oct 200739112,84182.856.92$121,280
Sep 200756935,76375.846.24$266,463
Aug 200784343,99069.066.39$339,223
Jul 20071,34564,83270.906.39$509,503
Jun 20071,29530,93162.007.55$313,771
May 20071,34846,37558.747.85$443,053

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             5 bbl  × $106.41 =       $532
Gas                  224 Mcf  × $  3.05 =       $682

────────────────────────────────────────────────────
Month total                                   $1,214

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/226968 is the state's own key, not one this site invented.