F. G. G. RANCHES

Operated by MERIT ENERGY COMPANY (P-5 561136) in the LOS MOGOTES (LOBO 1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 228765District 04Field 549767722 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.1 M
Apr 2007 – May 2026
Value, last 12 filed months
$120 k
at the published price for each month
Months reported
230
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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered
1998-05-30
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 12/01/1999.

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 Gas112008-12-17187865
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
CondensateDisposition221 bbl$14,347
GasProduction1,354,137 Mcf$7,106,696
Total$7,121,043

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 27.0722, -99.2494. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.07224, -99.24940 · 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
12,444 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 12,444 ft.

Completions filed
Apr 2007
1 of 1 wells

1 well

42-50535743412,444 ftApr 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 (230)

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

230 months

May 202601,944106.413.05$5,921
Apr 202602,26798.932.87$6,506
Mar 202602,84989.753.15$8,973
Feb 202602,65463.503.75$9,953
Jan 202603,36559.138.00$26,913
Dec 202503,01356.664.41$13,297
Nov 202503,11558.593.93$12,231
Oct 202502,15559.383.30$7,122
Sep 202503,10862.743.08$9,563
Aug 202501,14963.933.01$3,464
Jul 2025296366.743.32$3,326
Jun 202503,99066.483.13$12,484
May 202501,00260.553.23$3,239
Apr 202502,23762.363.54$7,926
Mar 202503,47967.704.27$14,849
Feb 202503,45570.884.34$14,998
Jan 202504,18874.324.28$17,919
Dec 202403,17768.993.12$9,917
Nov 202403,01369.052.20$6,624
Oct 2024067771.372.28$1,545
Sep 202401,01869.612.36$2,407
Aug 202401,38475.632.06$2,856
Jul 202401,90879.932.15$4,096
Jun 202403,39178.082.63$8,932
May 202401,67978.812.20$3,691
Apr 202401,85384.451.66$3,075
Mar 202402,62980.301.55$4,062
Feb 202401,78476.091.78$3,182
Jan 202401,00273.023.30$3,304
Dec 202301,74271.262.61$4,548
Nov 202301,47877.892.81$4,150
Oct 202302,44585.443.09$7,548
Sep 202302,99589.042.74$8,191
Aug 202302,76280.522.67$7,382
Jul 202311,98874.852.64$5,327
Jun 2023370768.962.26$1,804
May 202322,27070.622.23$5,197
Apr 202342,60378.122.24$6,137
Mar 202322,32672.852.39$5,712
Feb 202322,30175.112.47$5,824
Jan 202331,78476.533.39$6,273
Dec 202222,09576.415.73$12,155
Nov 202242,10285.005.65$12,208
Oct 202222,63387.185.86$15,614
Sep 202231,90084.888.16$15,766
Aug 202222,54994.529.13$23,454
Jul 202252,729101.587.54$21,090
Jun 202202,479115.097.98$19,775
May 202232,688109.378.43$22,996
Apr 202221,174104.226.84$8,236
Mar 202222,165108.885.08$11,208
Feb 202242,28891.054.86$11,481
Jan 202222,88681.844.54$13,259
Dec 202153,02071.323.90$12,132
Nov 202123,12677.435.24$16,525
Oct 202123,51279.795.71$20,227
Sep 202122,44769.865.35$13,233
Aug 202143,04266.024.22$13,103
Jul 202123,80870.783.98$15,305
Jun 202112,62269.493.38$8,933
May 2021390463.483.02$2,918
Apr 202112,31960.362.76$6,457
Mar 202132,70361.302.72$7,528
Feb 202121,36357.805.55$7,677
Jan 202153,18950.412.81$9,214
Dec 202023,21144.642.68$8,680
Nov 202013,91138.772.71$10,624
Oct 202021,08636.972.48$2,766
Sep 2020398437.091.99$2,070
Aug 202012,68739.982.39$6,449
Jul 202032,83638.371.83$5,291
Jun 202031,99334.901.69$3,473
May 202042,21016.921.81$4,078
Apr 202052,92114.751.80$5,344
Mar 202023,18730.341.86$5,976
Feb 202053,37749.881.98$6,938
Jan 202033,78157.252.09$8,092
Dec 201914,44359.012.30$10,297
Nov 2019154755.302.75$1,560
Oct 2019162853.472.42$1,572
Sep 201911,06455.052.66$2,882
Aug 201972,46053.112.30$6,041
Jul 201922,68856.272.46$6,725
Jun 201932,74452.782.49$6,994
May 201903,16958.482.74$8,684
Apr 201942,69262.632.75$7,655
Mar 201903,18956.803.06$9,765
Feb 201912,40950.852.79$6,777
Jan 201902,54046.033.23$8,200
Dec 201832,77646.594.19$11,759
Nov 201802,53652.934.24$10,746
Oct 201812,53361.443.40$8,669
Sep 201802,70759.543.11$8,413
Aug 201813,00659.403.07$9,277
Jul 201802,94565.142.93$8,634
Jun 201803,24060.183.08$9,969
May 201823,10565.382.90$9,138
Apr 201812,75863.842.90$8,064
Mar 201812,92161.222.79$8,202
Feb 201812,96661.782.77$8,266
Jan 201803,63462.874.01$14,570
Dec 201704,66457.272.92$13,626
Nov 2017328255.423.12$1,046
Oct 201701,11249.292.98$3,318
Sep 201701,56547.523.09$4,832
Aug 201712,89845.373.00$8,752
Jul 201703,14643.873.09$9,713
Jun 201743,07642.493.09$9,666
May 201703,00145.373.26$9,793
Apr 201753,35147.933.21$11,002
Mar 201703,71346.772.98$11,078
Feb 201704,22950.452.95$12,487
Jan 201705,10249.413.42$17,443
Dec 201606048.763.72$223
Nov 201601,40842.492.64$3,723
Oct 201602,95346.193.09$9,126
Sep 201603,46141.553.10$10,731
Aug 201603,96041.442.92$11,580
Jul 201604,08141.622.92$11,934
Jun 201614,00945.352.69$10,813
May 201603,45542.521.99$6,879
Apr 201603,86536.561.99$7,695
Mar 201604,89433.011.79$8,780
Feb 201623,49826.472.06$7,272
Jan 201603,54427.352.36$8,379
Dec 20150032.362.00$0
Nov 201513,44738.792.17$7,510
Oct 201513,95643.552.43$9,643
Sep 201502,78142.992.76$7,671
Aug 201503,49240.162.87$10,031
Jul 201514,11348.152.95$12,161
Jun 201523,43056.152.88$10,001
May 201504,08355.212.96$12,067
Apr 201503,97249.822.71$10,751
Mar 201514,57842.892.93$13,478
Feb 201504,19744.662.98$12,491
Jan 201525,88543.433.10$18,334
Dec 201404,73854.693.59$17,016
Nov 201404,21870.464.25$17,934
Oct 201404,36378.303.90$17,020
Sep 201424,64686.164.05$18,967
Aug 201404,97689.394.04$20,079
Jul 201403,48496.564.18$14,562
Jun 201403,74998.164.74$17,759
May 201424,59294.734.73$21,894
Apr 201404,28595.944.81$20,607
Mar 201404,08095.895.06$20,632
Feb 201403,05697.406.19$18,923
Jan 201404,40690.404.86$21,416
Dec 201304,23691.824.35$18,446
Nov 201324,12288.853.74$15,587
Oct 201303,86297.423.78$14,596
Sep 201304,179104.113.72$15,536
Aug 201304,557104.253.52$16,053
Jul 201304,400102.523.72$16,358
Jun 201324,50294.403.93$17,897
May 201304,54494.834.15$18,853
Apr 201304,79993.964.28$20,552
Mar 201305,08993.623.91$19,913
Feb 201304,69491.233.42$16,053
Jan 201304,97991.603.42$17,028
Dec 201205,29886.773.42$18,120
Nov 201205,28586.953.62$19,158
Oct 201205,25789.383.40$17,872
Sep 201204,95394.672.92$14,455
Aug 201205,02692.662.91$14,616
Jul 201215,38685.133.02$16,355
Jun 201206,00779.822.52$15,132
May 201206,02791.612.49$14,997
Apr 201205,743101.652.00$11,468
Mar 201206,331105.052.22$14,068
Feb 201205,776101.102.57$14,846
Jan 201206,09798.092.73$16,670
Dec 201106,17896.873.24$20,015
Nov 201106,53395.723.31$21,633
Oct 201106,96384.983.65$25,405
Sep 201106,27783.623.99$25,019
Aug 201106,65783.404.15$27,622
Jul 201106,76094.144.52$30,537
Jun 201107,29292.904.64$33,834
May 201107,38698.134.40$32,534
Apr 201107,403105.964.33$32,079
Mar 201108,23096.364.06$33,392
Feb 201106,81485.644.18$28,482
Jan 201107,52686.504.59$34,535
Dec 201007,95885.734.35$34,599
Nov 201007,67380.843.80$29,122
Oct 201028,65078.103.51$30,508
Sep 201008,38572.633.98$33,368
Aug 201028,47973.684.42$37,619
Jul 201008,92572.554.74$42,273
Jun 201009,06270.364.91$44,498
May 201008,08671.124.24$34,246
Apr 201019,86081.694.12$40,731
Mar 201009,92478.394.39$43,553
Feb 201009,83373.585.44$53,515
Jan 201029,28174.365.96$55,501
Dec 200909,89671.445.48$54,267
Nov 2009110,11574.593.75$38,021
Oct 2009010,36472.544.11$42,599
Sep 2009010,79965.543.06$33,096
Aug 2009010,67067.423.22$34,341
Jul 2009211,68461.133.46$40,601
Jun 2009010,98866.163.90$42,798
May 2009012,14054.743.93$47,659
Apr 2009211,73846.773.59$42,204
Mar 2009014,20742.144.06$57,666
Feb 2009211,00632.814.63$51,056
Jan 2009013,51535.865.37$72,589
Dec 2008415,43237.105.98$92,388
Nov 2008016,80155.496.86$115,261
Oct 2008016,72475.246.92$115,763
Sep 2008218,089101.767.88$142,692
Aug 2008218,583114.228.48$157,868
Jul 2008214,869131.0811.39$169,612
Jun 2008015,424131.3313.03$201,015
May 2008017,124123.1711.57$198,198
Apr 2008017,567110.3110.45$183,661
Mar 2008220,766101.909.66$200,888
Feb 2008222,01792.538.77$193,287
Jan 2008020,18890.388.21$165,657
Dec 2007320,96988.337.30$153,380
Nov 2007324,09091.677.29$175,932
Oct 2007028,89182.856.92$199,983
Sep 2007024,88175.846.24$155,361
Aug 2007324,60169.066.39$157,357
Jul 2007027,71370.906.39$177,029
Jun 2007428,73762.007.55$217,168
May 2007062,70658.747.85$492,009
Apr 2007030,22959.617.81$235,943

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             0 bbl  × $106.41 =         $0
Gas                1,944 Mcf  × $  3.05 =     $5,921

────────────────────────────────────────────────────
Month total                                   $5,921

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/228765 is the state's own key, not one this site invented.