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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 233203District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.3 M
Oct 2007 – May 2026
Value, last 12 filed months
$159 k
at the published price for each month
Months reported
224
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 Gas112008-09-25185483
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
CondensateDisposition30,700 bbl$2,333,865
GasProduction1,205,501 Mcf$5,972,860
Total$8,306,725

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 26.7862, -98.3010. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.78619, -98.30101 · 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
12,520 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 12,520 ft.

Completions filed
Nov 2008
1 of 1 wells

1 well

42-0473230961012,520 ftNov 2008——

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 (224)

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

224 months

May 2026352,449106.413.05$11,184
Apr 202602,48698.932.87$7,134
Mar 2026172,57089.753.15$9,620
Feb 2026172,32063.503.75$9,780
Jan 20261892,53159.138.00$31,418
Dec 2025332,60456.664.41$13,362
Nov 2025172,50158.593.93$10,816
Oct 20251992,63159.383.30$20,512
Sep 2025122,31262.743.08$7,867
Aug 2025172,52263.933.01$8,690
Jul 2025172,41566.743.32$9,141
Jun 20251902,32066.483.13$19,890
May 2025172,41060.553.23$8,819
Apr 2025172,34962.363.54$9,383
Mar 2025922,40367.704.27$16,485
Feb 2025172,19470.884.34$10,729
Jan 20252132,48474.324.28$26,458
Dec 2024352,64268.993.12$10,661
Nov 2024182,62169.052.20$7,005
Oct 20241952,70671.372.28$20,091
Sep 2024172,65969.612.36$7,470
Aug 2024172,76875.632.06$6,998
Jul 20241962,77579.932.15$21,623
Jun 2024332,58878.082.63$9,393
May 2024172,74778.812.20$7,379
Apr 20241942,66884.451.66$20,810
Mar 2024172,81280.301.55$5,710
Feb 2024342,42376.091.78$6,909
Jan 20241792,51173.023.30$21,351
Dec 2023332,58271.262.61$9,092
Nov 2023172,31077.892.81$7,810
Oct 20232332,76685.443.09$28,447
Sep 2023182,68589.042.74$8,946
Aug 2023372,81680.522.67$10,506
Jul 2023372,89474.852.64$10,415
Jun 20232242,77868.962.26$21,721
May 2023342,86570.622.23$8,783
Apr 2023182,75978.122.24$7,580
Mar 2023362,97172.852.39$9,733
Feb 2023902,76375.112.47$13,573
Jan 2023322,87276.533.39$12,178
Dec 20222533,06976.415.73$36,914
Nov 202202,46385.005.65$13,907
Oct 2022172,97887.185.86$18,944
Sep 2022352,80384.888.16$25,854
Aug 20221982,95994.529.13$45,722
Jul 2022372,988101.587.54$26,294
Jun 2022532,806115.097.98$28,484
May 20221772,566109.378.43$40,998
Apr 2022372,333104.226.84$19,808
Mar 2022522,476108.885.08$18,231
Feb 2022192,29091.054.86$12,857
Jan 20222192,60281.844.54$29,730
Dec 2021172,48971.323.90$10,917
Nov 2021362,45977.435.24$15,665
Oct 20212192,72279.795.71$33,027
Sep 2021182,68369.865.35$15,614
Aug 20212152,57366.024.22$25,054
Jul 2021352,76070.783.98$13,468
Jun 2021172,71169.493.38$10,346
May 2021342,74563.483.02$10,442
Apr 20211102,60960.362.76$13,836
Mar 20212192,85361.302.72$21,176
Feb 2021362,45357.805.55$15,690
Jan 2021352,77850.412.81$9,571
Dec 2020182,66144.642.68$7,923
Nov 20202152,71438.772.71$15,681
Oct 2020342,89236.972.48$8,425
Sep 2020342,84537.091.99$6,926
Aug 20202213,17039.982.39$16,396
Jul 2020182,98238.371.83$6,133
Jun 2020622,92934.901.69$7,115
May 20202023,04516.921.81$8,944
Apr 2020402,97614.751.80$5,960
Mar 2020273,13230.341.86$6,633
Feb 20202492,90549.881.98$18,174
Jan 2020423,11957.252.09$8,938
Dec 2019183,07959.012.30$8,157
Nov 2019173,07855.302.75$9,407
Oct 20192293,31253.472.42$20,255
Sep 2019493,07655.052.66$10,871
Aug 20192143,17453.112.30$18,680
Jul 201993,16856.272.46$8,300
Jun 201993,10152.782.49$8,200
May 201993,20458.482.74$9,306
Apr 20191972,87462.632.75$20,244
Mar 201993,03356.803.06$9,799
Feb 2019162,74650.852.79$8,481
Jan 2019143,11446.033.23$10,697
Dec 20181983,22446.594.19$22,719
Nov 2018133,46552.934.24$15,370
Oct 201893,55761.443.40$12,640
Sep 20181963,32259.543.11$21,995
Aug 201843,50259.403.07$10,977
Jul 201893,59265.142.93$11,118
Jun 201893,31460.183.08$10,739
May 2018923,27765.382.90$15,521
Apr 201893,13363.842.90$9,663
Mar 20181973,20461.222.79$20,989
Feb 2018112,90161.782.77$8,704
Jan 201893,17062.874.01$13,275
Dec 20171513,44257.272.92$18,704
Nov 201702,63255.423.12$8,208
Oct 20171502,94049.292.98$16,166
Sep 2017132,63247.523.09$8,743
Aug 2017103,47045.373.00$10,879
Jul 20171983,62043.873.09$19,862
Jun 201703,48542.493.09$10,759
May 201783,60745.373.26$12,134
Apr 20171893,47247.933.21$20,209
Mar 201723,53546.772.98$10,641
Feb 201763,29550.452.95$10,032
Jan 20171883,67949.413.42$21,867
Dec 2016103,72148.763.72$14,340
Nov 201663,59642.492.64$9,764
Oct 20161573,68946.193.09$18,652
Sep 2016104,04741.553.10$12,964
Aug 201653,25741.442.92$9,732
Jul 20161393,15941.622.92$15,023
Jun 201653,52945.352.69$9,705
May 20161353,52142.521.99$12,751
Apr 201613,53736.561.99$7,079
Mar 20161533,69333.011.79$11,676
Feb 201603,46726.472.06$7,155
Jan 2016893,75527.352.36$11,312
Dec 20151693,84632.362.00$13,166
Nov 201513,47438.792.17$7,568
Oct 20151493,73943.552.43$15,562
Sep 2015183,66042.992.76$10,870
Aug 20151023,74540.162.87$14,854
Jul 20151853,77848.152.95$20,034
Jun 201543,65256.152.88$10,753
May 2015123,88255.212.96$12,136
Apr 20151923,70749.822.71$19,599
Mar 201583,92442.892.93$11,859
Feb 20153913,47244.662.98$27,795
Jan 201513,70043.433.10$11,516
Dec 201403,81454.693.59$13,697
Nov 201403,62970.464.25$15,430
Oct 201413,99678.303.90$15,667
Sep 20141963,72586.164.05$31,957
Aug 2014244,02389.394.04$18,379
Jul 201404,08896.564.18$17,086
Jun 20141994,07298.164.74$38,822
May 201484,20494.734.73$20,628
Apr 20141804,07895.944.81$36,881
Mar 201404,33195.895.06$21,901
Feb 20141863,91197.406.19$42,333
Jan 201404,36090.404.86$21,193
Dec 20131694,43391.824.35$34,821
Nov 201303,76688.853.74$14,078
Oct 20131744,21497.423.78$32,877
Sep 201304,347104.113.72$16,161
Aug 20131664,534104.253.52$33,277
Jul 201304,112102.523.72$15,287
Jun 20131934,35194.403.93$35,333
May 20131894,47994.834.15$36,507
Apr 201304,33593.964.28$18,565
Mar 20131784,64393.623.91$34,832
Feb 201304,43791.233.42$15,174
Jan 20132004,96691.603.42$35,303
Dec 201215,07986.773.42$17,458
Nov 20121994,87886.953.62$34,986
Oct 201285,16589.383.40$18,274
Sep 20121935,02994.672.92$32,948
Aug 20121745,31192.662.91$31,568
Jul 201265,18785.133.02$16,180
Jun 20121955,07379.822.52$28,344
May 20121995,49891.612.49$31,911
Apr 201235,498101.652.00$11,283
Mar 20122035,660105.052.22$33,902
Feb 201235,436101.102.57$14,275
Jan 20122005,32698.092.73$34,180
Dec 20112025,87496.873.24$38,598
Nov 2011125,79995.723.31$20,351
Oct 20112056,31084.983.65$40,443
Sep 20112036,15683.623.99$41,511
Aug 201156,20483.404.15$26,159
Jul 20112036,23394.144.52$47,266
Jun 20111906,29992.904.64$46,878
May 2011116,33598.134.40$28,984
Apr 20111926,505105.964.33$48,532
Mar 20112086,87696.364.06$47,941
Feb 20112236,24385.644.18$45,193
Jan 20112117,07286.504.59$50,703
Dec 20102047,26485.734.35$49,071
Nov 20102007,01880.843.80$42,804
Oct 20101927,24078.103.51$40,400
Sep 20101937,10972.633.98$42,308
Aug 20101967,41073.684.42$47,189
Jul 20101917,61372.554.74$49,916
Jun 201047,65170.364.91$37,851
May 20103658,33971.124.24$61,276
Apr 20101868,11481.694.12$48,646
Mar 20101978,62778.394.39$53,304
Feb 20101938,09873.585.44$58,273
Jan 20101949,08074.365.96$68,580
Dec 20093939,50171.445.48$80,177
Nov 20091939,56674.593.75$50,283
Oct 200919610,31672.544.11$56,619
Sep 200919910,89865.543.06$46,442
Aug 200937211,88167.423.22$63,319
Jul 20091988,76761.133.46$42,477
Jun 200919613,99866.163.90$67,490
May 200936815,83254.743.93$82,297
Apr 200939116,30846.773.59$76,792
Mar 200948118,05442.144.06$93,551
Feb 200958717,95332.814.63$102,436
Jan 200940017,04835.865.37$105,909
Dec 20081998,05837.105.98$55,547
Nov 200839710,44955.496.86$93,713
Oct 200839813,29375.246.92$121,959
Sep 200819911,347101.767.88$109,632
Aug 200837315,888114.228.48$177,382
Jul 200839715,202131.0811.39$225,181
Jun 200838416,801131.3313.03$269,392
May 200837218,975123.1711.57$265,441
Apr 200839221,853110.3110.45$271,712
Mar 200858327,482101.909.66$324,996
Feb 200897334,02192.538.77$388,416
Jan 200880239,09490.388.21$393,280
Dec 20071,34148,77888.337.30$474,626
Nov 20071,7766,96791.677.29$213,607
Oct 2007013,71582.856.92$94,935

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            35 bbl  × $106.41 =     $3,724
Gas                2,449 Mcf  × $  3.05 =     $7,459

────────────────────────────────────────────────────
Month total                                  $11,184

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/233203 is the state's own key, not one this site invented.