HEREFORD, L. M. -A-

Operated by MERIT ENERGY COMPANY (P-5 561136) in the BASHARA-HEREFORD (7300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 233205District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.1 M
Oct 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
224
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 182 leases and 182 wells, and the rule below applies to all of them.

Discovered
1986-07-30
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: ALLOCATION FORMULA SUSPENDED EFFECTIVE 2/1/94.

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 Gas112012-02-08205032
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
CondensateDisposition16,974 bbl$1,478,584
GasProduction2,321,887 Mcf$13,640,255
Total$15,118,839

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 27.3386, -99.3894. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.33862, -99.38940 · 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
8,625 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 8,625 ft.

Completions filed
Oct 2007
1 of 1 wells

1 well

42-47939913538,625 ftOct 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 (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 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 20258070.884.34$567
Jan 202592,07874.324.28$9,560
Dec 2024181,64868.993.12$6,386
Nov 202472,10769.052.20$5,115
Oct 202471,74371.372.28$4,476
Sep 202472,14569.612.36$5,559
Aug 2024132,09675.632.06$5,309
Jul 202452,18379.932.15$5,086
Jun 2024102,11578.082.63$6,352
May 202442,11278.812.20$4,958
Apr 2024102,12184.451.66$4,364
Mar 202471,67280.301.55$3,146
Feb 202482,01876.091.78$4,208
Jan 202482,03873.023.30$7,305
Dec 2023132,12871.262.61$6,482
Nov 202371,75077.892.81$5,458
Oct 202381,85085.443.09$6,395
Sep 2023162,04389.042.74$7,012
Aug 202382,42980.522.67$7,137
Jul 2023132,42274.852.64$7,371
Jun 202372,11268.962.26$5,253
May 2023142,08770.622.23$5,637
Apr 202372,08678.122.24$5,215
Mar 202382,30372.852.39$6,094
Feb 202362,04475.112.47$5,491
Jan 202362,18176.533.39$7,848
Dec 2022142,18176.415.73$13,565
Nov 202271,98185.005.65$11,780
Oct 2022122,10687.185.86$13,395
Sep 202262,13984.888.16$17,971
Aug 202272,18094.529.13$20,559
Jul 202272,347101.587.54$18,412
Jun 2022132,240115.097.98$19,365
May 202262,309109.378.43$20,128
Apr 202262,300104.226.84$16,352
Mar 2022112,325108.885.08$13,000
Feb 2022142,17791.054.86$11,852
Jan 202282,57181.844.54$12,321
Dec 202182,42371.323.90$10,018
Nov 202102,35877.435.24$12,348
Oct 2021171,71079.795.71$11,127
Sep 202182,42069.865.35$13,508
Aug 2021152,52366.024.22$11,639
Jul 202172,39170.783.98$10,017
Jun 202172,41569.493.38$8,651
May 2021142,50663.483.02$8,451
Apr 2021142,53460.362.76$7,835
Mar 2021142,59761.302.72$7,914
Feb 202171,87857.805.55$10,824
Jan 202172,69750.412.81$7,932
Dec 202072,60744.642.68$7,287
Nov 2020702,56338.772.71$9,651
Oct 2020142,70436.972.48$7,219
Sep 2020142,61337.091.99$5,722
Aug 2020132,81039.982.39$7,222
Jul 202062,70938.371.83$5,174
Jun 2020132,66934.901.69$4,965
May 202062,70216.921.81$5,005
Apr 2020122,62214.751.80$4,908
Mar 2020132,65630.341.86$5,325
Feb 2020132,43249.881.98$5,465
Jan 202072,64657.252.09$5,943
Dec 2019172,67059.012.30$7,156
Nov 201962,69055.302.75$7,731
Oct 201962,72253.472.42$6,904
Sep 2019132,70955.052.66$7,914
Aug 2019162,79753.112.30$7,295
Jul 201962,90056.272.46$7,472
Jun 201972,83852.782.49$7,439
May 2019152,82358.482.74$8,613
Apr 201982,62962.632.75$7,733
Mar 2019162,69356.803.06$9,155
Feb 201982,63250.852.79$7,756
Jan 2019122,91846.033.23$9,972
Dec 2018183,03746.594.19$13,550
Nov 201883,14252.934.24$13,737
Oct 201883,26561.443.40$11,586
Sep 2018213,21659.543.11$11,246
Aug 201803,17659.403.07$9,739
Jul 2018162,23965.142.93$7,607
Jun 201883,50160.183.08$11,254
May 201803,47865.382.90$10,089
Apr 201803,65063.842.90$10,588
Mar 201813,75261.222.79$10,517
Feb 201824,04561.782.77$11,313
Jan 201805,48962.874.01$22,007
Dec 201705,44157.272.92$15,896
Nov 201705,45455.423.12$17,008
Oct 201703,44449.292.98$10,276
Sep 201703,15547.523.09$9,740
Aug 201703,87745.373.00$11,648
Jul 201704,22343.873.09$13,038
Jun 201703,94242.493.09$12,170
May 20171614,75245.373.26$22,812
Apr 201704,29247.933.21$13,784
Mar 201703,99646.772.98$11,923
Feb 201704,06750.452.95$12,008
Jan 201705,39849.413.42$18,455
Dec 201604,73848.763.72$17,639
Nov 201604,35342.492.64$11,511
Oct 201604,45046.193.09$13,752
Sep 201604,50941.553.10$13,981
Aug 201604,18041.442.92$12,224
Jul 201603,27541.622.92$9,577
Jun 201603,91045.352.69$10,502
May 201603,88842.521.99$7,741
Apr 201603,85036.561.99$7,666
Mar 201604,24933.011.79$7,623
Feb 2016184,10826.472.06$8,954
Jan 201604,55927.352.36$10,779
Dec 201504,91732.362.00$9,841
Nov 201504,78638.792.17$10,373
Oct 201505,01343.552.43$12,164
Sep 201505,06342.992.76$13,966
Aug 201505,07540.162.87$14,578
Jul 201505,22748.152.95$15,394
Jun 201505,78256.152.88$16,669
May 201501955.212.96$56
Apr 201506,13049.822.71$16,591
Mar 201506,25442.892.93$18,354
Feb 201505,43044.662.98$16,161
Jan 201506,80943.433.10$21,112
Dec 201406,46354.693.59$23,211
Nov 201406,81070.464.25$28,955
Oct 201407,38378.303.90$28,801
Sep 201407,28986.164.05$29,487
Aug 201408,16289.394.04$32,935
Jul 201407,88596.564.18$32,956
Jun 201407,48298.164.74$35,441
May 201407,89094.734.73$37,293
Apr 20141648,34295.944.81$55,852
Mar 201409,29595.895.06$47,003
Feb 201408,94997.406.19$55,412
Jan 201408,28990.404.86$40,291
Dec 201302,50391.824.35$10,899
Nov 201302,71088.853.74$10,131
Oct 201303,04897.423.78$11,519
Sep 201302,957104.113.72$10,993
Aug 20131183,170104.253.52$23,468
Jul 201306,298102.523.72$23,414
Jun 201305,64994.403.93$22,220
May 201306,56694.834.15$27,243
Apr 201307,97393.964.28$34,145
Mar 201307,62493.623.91$29,832
Feb 20131786,39191.233.42$38,096
Jan 201308,76591.603.42$29,976
Dec 201207,10186.773.42$24,287
Nov 201207,54586.953.62$27,350
Oct 201208,71489.383.40$29,625
Sep 201208,96694.672.92$26,166
Aug 201208,97892.662.91$26,109
Jul 20121738385.133.02$14,978
Jun 201219,65379.822.52$24,396
May 201209,95191.612.49$24,761
Apr 201209,989101.652.00$19,946
Mar 20123810,820105.052.22$28,035
Feb 2012010,053101.102.57$25,839
Jan 201217910,63798.092.73$46,641
Dec 2011011,28596.873.24$36,560
Nov 2011011,18795.723.31$37,043
Oct 2011011,64684.983.65$42,491
Sep 201117110,57383.623.99$56,441
Aug 2011010,56183.404.15$43,821
Jul 2011010,93094.144.52$49,373
Jun 2011010,63992.904.64$49,364
May 201117911,45898.134.40$68,036
Apr 2011012,562105.964.33$54,435
Mar 2011012,59696.364.06$51,106
Feb 20112912,27085.644.18$53,772
Jan 2011013,60986.504.59$62,449
Dec 201018414,57585.734.35$79,143
Nov 2010015,02080.843.80$57,006
Oct 2010015,31178.103.51$53,725
Sep 201018115,93772.633.98$76,567
Aug 2010016,39573.684.42$72,455
Jul 201016617,19072.554.74$93,464
Jun 2010016,23970.364.91$79,740
May 2010018,44271.124.24$78,106
Apr 201017118,95881.694.12$92,127
Mar 201018620,57578.394.39$104,877
Feb 2010019,30573.585.44$105,065
Jan 201018521,60374.365.96$142,599
Dec 2009023,78171.445.48$130,409
Nov 200918524,86574.593.75$107,080
Oct 200918325,60272.544.11$118,505
Sep 20093026,86665.543.06$84,304
Aug 200921429,48867.423.22$109,335
Jul 200921133,35061.133.46$128,440
Jun 200921133,03966.163.90$142,647
May 200946132,66054.743.93$153,450
Apr 200924934,45646.773.59$135,257
Mar 200943339,14942.144.06$177,152
Feb 200921735,38132.814.63$171,040
Jan 200940638,21835.865.37$219,828
Dec 200830140,28037.105.98$251,926
Nov 200845242,66455.496.86$317,772
Oct 200841346,44675.246.92$352,572
Sep 200845046,831101.767.88$414,684
Aug 200846254,595114.228.48$515,900
Jul 200868555,354131.0811.39$720,240
Jun 200887558,762131.3313.03$880,737
May 200865365,795123.1711.57$841,960
Apr 200874366,348110.3110.45$775,619
Mar 20081,15778,659101.909.66$878,064
Feb 20081,04984,80692.538.77$840,862
Jan 20081,428100,81690.388.21$956,332
Dec 20071,334122,18988.337.30$1,010,053
Nov 200781185,56191.677.29$698,230
Oct 20071610,49982.856.92$73,999

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 2025 — as filed, then multipliedworked
Condensate             8 bbl  × $ 70.88 =       $567
Gas                    0 Mcf  × $  4.34 =         $0

────────────────────────────────────────────────────
Month total                                     $567

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/233205 is the state's own key, not one this site invented.