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 239694District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$470 k
May 2008 – May 2026
Value, last 12 filed months
$16 k
at the published price for each month
Months reported
217
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 Gas112008-10-16186290
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
CondensateDisposition1,470 bbl$103,354
GasProduction74,578 Mcf$366,740
Total$470,094

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 26.7579, -98.3358. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.75794, -98.33576 · 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
10,500 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 10,500 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-4273428861710,500 ftMay 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 (217)

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

217 months

May 20260199106.413.05$606
Apr 2026014498.932.87$413
Mar 2026018789.753.15$589
Feb 2026014463.503.75$540
Jan 2026018159.138.00$1,448
Dec 2025018356.664.41$808
Nov 2025018858.593.93$738
Oct 2025024959.383.30$823
Sep 202511831062.743.08$8,357
Aug 2025019663.933.01$591
Jul 2025023566.743.32$779
Jun 2025017966.483.13$560
May 2025018260.553.23$588
Apr 2025017962.363.54$634
Mar 2025017067.704.27$726
Feb 2025017570.884.34$760
Jan 2025020874.324.28$890
Dec 2024023268.993.12$724
Nov 2024029269.052.20$642
Oct 2024029471.372.28$671
Sep 2024025969.612.36$612
Aug 2024028375.632.06$584
Jul 2024028179.932.15$603
Jun 2024029278.082.63$769
May 2024025678.812.20$563
Apr 2024030784.451.66$509
Mar 2024032780.301.55$505
Feb 2024023076.091.78$410
Jan 2024022173.023.30$729
Dec 202314223071.262.61$10,719
Nov 2023023677.892.81$663
Oct 2023028485.443.09$877
Sep 2023031089.042.74$848
Aug 2023034780.522.67$927
Jul 2023039474.852.64$1,041
Jun 2023040768.962.26$919
May 2023048170.622.23$1,071
Apr 2023046378.122.24$1,036
Mar 2023057072.852.39$1,364
Feb 2023061375.112.47$1,511
Jan 2023014376.533.39$484
Dec 2022021276.415.73$1,215
Nov 2022033685.005.65$1,897
Oct 202209087.185.86$528
Sep 202207884.888.16$637
Aug 202208894.529.13$803
Jul 2022085101.587.54$641
Jun 2022081115.097.98$646
May 2022085109.378.43$717
Apr 2022080104.226.84$547
Mar 2022080108.885.08$406
Feb 202208491.054.86$408
Jan 202209181.844.54$413
Dec 202108171.323.90$316
Nov 202109077.435.24$471
Oct 202109079.795.71$514
Sep 202108469.865.35$449
Aug 202108966.024.22$376
Jul 2021010470.783.98$414
Jun 202109669.493.38$325
May 202109263.483.02$278
Apr 202108960.362.76$246
Mar 2021548861.302.72$3,549
Feb 202107457.805.55$411
Jan 202107750.412.81$216
Dec 202009644.642.68$257
Nov 2020011038.772.71$298
Oct 202008736.972.48$216
Sep 202008737.091.99$173
Aug 2020012239.982.39$291
Jul 202009138.371.83$166
Jun 2020010134.901.69$171
May 2020012316.921.81$223
Apr 2020010614.751.80$191
Mar 202009930.341.86$184
Feb 2020012149.881.98$240
Jan 202018757.252.09$239
Dec 2019011859.012.30$272
Nov 20192810755.302.75$1,843
Oct 2019416853.472.42$620
Sep 201993955.052.66$599
Aug 2019613153.112.30$621
Jul 2019212456.272.46$418
Jun 2019211752.782.49$397
May 2019212058.482.74$446
Apr 2019212562.632.75$469
Mar 2019215256.803.06$579
Feb 2019314350.852.79$552
Jan 2019315146.033.23$626
Dec 2018212746.594.19$625
Nov 2018325352.934.24$1,231
Oct 201829161.443.40$432
Sep 2018414059.543.11$673
Aug 2018117159.403.07$584
Jul 2018216965.142.93$626
Jun 2018216660.183.08$631
May 2018418265.382.90$789
Apr 2018216963.842.90$618
Mar 2018325161.222.79$883
Feb 2018237261.782.77$1,153
Jan 201817562.874.01$364
Dec 201799357.272.92$787
Nov 201707255.423.12$225
Oct 201707049.292.98$209
Sep 201706147.523.09$188
Aug 201707945.373.00$237
Jul 201706843.873.09$210
Jun 201706642.493.09$204
May 201706245.373.26$202
Apr 201707547.933.21$241
Mar 201717846.772.98$280
Feb 201708950.452.95$263
Jan 201708749.413.42$297
Dec 201609148.763.72$339
Nov 2016010442.492.64$275
Oct 2016016946.193.09$522
Sep 2016011241.553.10$347
Aug 2016015941.442.92$465
Jul 2016015141.622.92$442
Jun 2016116245.352.69$480
May 2016020042.521.99$398
Apr 201606336.561.99$125
Mar 201607233.011.79$129
Feb 201605826.472.06$120
Jan 201609927.352.36$234
Dec 2015015432.362.00$308
Nov 2015020838.792.17$451
Oct 2015211743.552.43$371
Sep 2015412842.992.76$525
Aug 20151306740.162.87$5,413
Jul 201509948.152.95$292
Jun 2015012356.152.88$355
May 2015010755.212.96$316
Apr 2015012649.822.71$341
Mar 2015012842.892.93$376
Feb 2015012244.662.98$363
Jan 201518119143.433.10$8,453
Dec 201409454.693.59$338
Nov 2014013670.464.25$578
Oct 2014015178.303.90$589
Sep 2014015886.164.05$639
Aug 2014020889.394.04$839
Jul 2014026096.564.18$1,087
Jun 2014011298.164.74$531
May 2014010294.734.73$482
Apr 2014016895.944.81$808
Mar 2014021295.895.06$1,072
Feb 2014019397.406.19$1,195
Jan 2014020290.404.86$982
Dec 2013021891.824.35$949
Nov 2013012188.853.74$452
Oct 2013023097.423.78$869
Sep 20130237104.113.72$881
Aug 20130226104.253.52$796
Jul 20130229102.523.72$851
Jun 2013027394.403.93$1,074
May 2013030594.834.15$1,265
Apr 2013027393.964.28$1,169
Mar 2013027693.623.91$1,080
Feb 2013030191.233.42$1,029
Jan 2013128191.603.42$1,053
Dec 2012031086.773.42$1,060
Nov 2012131586.953.62$1,229
Oct 2012452489.383.40$2,139
Sep 2012052594.672.92$1,532
Aug 201217053692.662.91$17,311
Jul 2012156685.133.02$1,795
Jun 2012255679.822.52$1,560
May 2012162791.612.49$1,652
Apr 20121728101.652.00$1,555
Mar 20120405105.052.22$900
Feb 20120304101.102.57$781
Jan 2012429998.092.73$1,210
Dec 2011447096.873.24$1,910
Nov 2011342195.723.31$1,681
Oct 2011235584.983.65$1,465
Sep 2011737083.623.99$2,060
Aug 2011440483.404.15$2,010
Jul 2011246194.144.52$2,271
Jun 2011240692.904.64$2,070
May 2011243598.134.40$2,112
Apr 20110481105.964.33$2,084
Mar 2011236596.364.06$1,674
Feb 2011135085.644.18$1,549
Jan 2011148386.504.59$2,303
Dec 2010055485.734.35$2,409
Nov 201019373380.843.80$18,384
Oct 2010049878.103.51$1,747
Sep 2010254572.633.98$2,314
Aug 2010166773.684.42$3,021
Jul 2010034772.554.74$1,644
Jun 2010158370.364.91$2,933
May 2010071371.124.24$3,020
Apr 2010158581.694.12$2,493
Mar 2010174278.394.39$3,335
Feb 2010254973.585.44$3,135
Jan 2010285574.365.96$5,248
Dec 2009179271.445.48$4,415
Nov 2009297174.593.75$3,792
Oct 2009271872.544.11$3,096
Sep 200918090365.543.06$14,565
Aug 200901,08567.423.22$3,492
Jul 2009272661.133.46$2,637
Jun 200911,10166.163.90$4,355
May 200901,26454.743.93$4,962
Apr 200901,19946.773.59$4,301
Mar 200901,28142.144.06$5,200
Feb 200901,36832.814.63$6,338
Jan 200901,48235.865.37$7,960
Dec 200801,62337.105.98$9,701
Nov 200801,53855.496.86$10,551
Oct 2008111,66475.246.92$12,346
Sep 2008311,380101.767.88$14,025
Aug 2008383,125114.228.48$30,850
Jul 2008501,413131.0811.39$22,647
Jun 200803,589131.3313.03$46,774
May 200802,017123.1711.57$23,345

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                  199 Mcf  × $  3.05 =       $606

────────────────────────────────────────────────────
Month total                                     $606

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/239694 is the state's own key, not one this site invented.