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 241602District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.1 M
Jun 2008 – May 2026
Value, last 12 filed months
$73 k
at the published price for each month
Months reported
216
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 Gas112009-01-13186978
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
CondensateDisposition51,444 bbl$3,910,011
GasProduction1,259,142 Mcf$6,161,036
Total$10,071,048

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 26.7844, -98.3389. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.78443, -98.33892 · 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
11,509 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 11,509 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-0473233861911,509 ftJun 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 (216)

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

216 months

May 202601,323106.413.05$4,030
Apr 202601,32398.932.87$3,797
Mar 202601,36789.753.15$4,305
Feb 202601,25463.503.75$4,703
Jan 202601,41259.138.00$11,293
Dec 2025701,42956.664.41$10,273
Nov 202501,39158.593.93$5,462
Oct 202501,45359.383.30$4,802
Sep 20251181,37262.743.08$11,625
Aug 202501,41163.933.01$4,254
Jul 202501,39466.743.32$4,621
Jun 202501,30966.483.13$4,095
May 20251711,37760.553.23$14,805
Apr 202501,32262.363.54$4,684
Mar 202501,40167.704.27$5,980
Feb 202501,30570.884.34$5,665
Jan 20251671,46574.324.28$18,680
Dec 202401,55968.993.12$4,866
Nov 202401,51169.052.20$3,322
Oct 20241801,61271.372.28$16,524
Sep 202401,54269.612.36$3,646
Aug 202401,63375.632.06$3,370
Jul 202401,61679.932.15$3,469
Jun 202401,63178.082.63$4,296
May 20241701,60778.812.20$16,931
Apr 202401,51184.451.66$2,507
Mar 202401,65580.301.55$2,557
Feb 20241801,45376.091.78$16,288
Jan 202401,44173.023.30$4,752
Dec 202301,54571.262.61$4,034
Nov 20231851,44577.892.81$18,467
Oct 202301,62985.443.09$5,029
Sep 202301,60989.042.74$4,401
Aug 20231901,66680.522.67$19,752
Jul 202301,74174.852.64$4,599
Jun 202301,66268.962.26$3,754
May 202301,72570.622.23$3,842
Apr 20231791,71478.122.24$17,819
Mar 202301,80472.852.39$4,317
Feb 202301,65275.112.47$4,073
Jan 2023731,75876.533.39$11,542
Dec 20221801,75276.415.73$23,791
Nov 202201,70685.005.65$9,632
Oct 202201,78087.185.86$10,437
Sep 20221881,68384.888.16$29,697
Aug 202201,82794.529.13$16,675
Jul 202201,855101.587.54$13,991
Jun 20222851,793115.097.98$47,104
May 202201,864109.378.43$15,719
Apr 202201,860104.226.84$12,718
Mar 202201,819108.885.08$9,234
Feb 20221761,74291.054.86$24,489
Jan 202201,80881.844.54$8,204
Dec 202101,92771.323.90$7,514
Nov 20211892,09477.435.24$25,600
Oct 202101,80179.795.71$10,291
Sep 202101,74769.865.35$9,348
Aug 20211662,05566.024.22$19,633
Jul 202101,91770.783.98$7,634
Jun 20211781,84069.493.38$18,590
May 202101,92563.483.02$5,809
Apr 20211271,78760.362.76$12,595
Mar 20211761,93461.302.72$16,043
Feb 202101,64357.805.55$9,115
Jan 202101,92150.412.81$5,399
Dec 20201742,00744.642.68$13,137
Nov 202001,89738.772.71$5,134
Oct 20201762,08636.972.48$11,677
Sep 202002,07437.091.99$4,129
Aug 202002,18539.982.39$5,211
Jul 20201811,84738.371.83$10,316
Jun 202002,09834.901.69$3,546
May 202002,22616.921.81$4,040
Apr 20201772,14514.751.80$6,481
Mar 202002,32230.341.86$4,310
Feb 20201852,14349.881.98$13,472
Jan 202022,25557.252.09$4,838
Dec 201902,23159.012.30$5,141
Nov 20191242,06655.302.75$12,540
Oct 20191942,34153.472.42$16,035
Sep 2019222,23255.052.66$7,142
Aug 20191982,42653.112.30$16,106
Jul 201902,56156.272.46$6,300
Jun 20191912,54052.782.49$16,409
May 201902,55158.482.74$6,991
Apr 20191822,27462.632.75$17,654
Mar 201902,62456.803.06$8,035
Feb 201902,22750.852.79$6,218
Jan 20191842,34646.033.23$16,043
Dec 201802,27646.594.19$9,526
Nov 20181922,35752.934.24$20,150
Oct 201802,36361.443.40$8,030
Sep 201802,34259.543.11$7,279
Aug 20181882,25359.403.07$18,076
Jul 201802,50665.142.93$7,347
Jun 201802,31660.183.08$7,126
May 20181832,35365.382.90$18,790
Apr 201801,84263.842.90$5,343
Mar 20181311,38061.222.79$11,866
Feb 201801,10961.782.77$3,068
Jan 20185274262.874.01$6,244
Dec 2017841,70157.272.92$9,780
Nov 20171882,76455.423.12$19,038
Oct 20171882,54049.292.98$16,845
Sep 201772,60547.523.09$8,375
Aug 20171892,86345.373.00$17,177
Jul 20171873,09943.873.09$17,771
Jun 201703,08842.493.09$9,534
May 201773,06945.373.26$10,333
Apr 20171782,89647.933.21$17,832
Mar 2017443,03046.772.98$11,098
Feb 20171962,69650.452.95$17,848
Jan 20171883,11249.413.42$19,928
Dec 201693,21448.763.72$12,404
Nov 20161953,18742.492.64$16,713
Oct 2016153,34546.193.09$11,030
Sep 20161883,72641.553.10$19,364
Aug 201653,43141.442.92$10,241
Jul 201653,25141.622.92$9,715
Jun 2016403,31945.352.69$10,728
May 20161573,43042.521.99$13,505
Apr 20161283,35136.561.99$11,352
Mar 20161033,57233.011.79$9,808
Feb 2016983,35626.472.06$9,520
Jan 20162373,71227.352.36$15,258
Dec 2015803,73132.362.00$10,056
Nov 20151252,89438.792.17$11,121
Oct 2015973,68243.552.43$13,159
Sep 20151753,61942.992.76$17,506
Aug 20151593,86040.162.87$17,473
Jul 20151773,90048.152.95$20,008
Jun 20151863,80656.152.88$21,416
May 201554,22655.212.96$12,766
Apr 20151964,03249.822.71$20,678
Mar 20151993,82342.892.93$19,755
Feb 20153993,85944.662.98$29,304
Jan 20153764,39043.433.10$29,941
Dec 20141944,54554.693.59$26,933
Nov 201404,11270.464.25$17,484
Oct 20141954,80178.303.90$33,997
Sep 20141894,52186.164.05$34,574
Aug 20143844,96189.394.04$54,344
Jul 20141914,92596.564.18$39,027
Jun 20141994,73798.164.74$41,972
May 20141995,00894.734.73$42,522
Apr 20141914,84995.944.81$41,644
Mar 20143855,09495.895.06$62,677
Feb 20141794,58097.406.19$45,794
Jan 20143914,98490.404.86$59,572
Dec 20131955,23491.824.35$40,696
Nov 20131904,86288.853.74$35,057
Oct 20131735,28197.423.78$36,812
Sep 20131895,438104.113.72$39,894
Aug 20131715,729104.253.52$38,008
Jul 20133815,330102.523.72$58,876
Jun 20131885,69394.403.93$40,140
May 20131905,89794.834.15$42,485
Apr 20131565,79493.964.28$39,471
Mar 20131936,23593.623.91$42,465
Feb 20133855,89491.233.42$55,281
Jan 20131526,71291.603.42$36,878
Dec 20123906,88086.773.42$57,371
Nov 20123906,96686.953.62$59,162
Oct 20123887,32589.383.40$59,582
Sep 20121987,12794.672.92$39,544
Aug 20121937,57992.662.91$39,924
Jul 20122007,83585.133.02$40,694
Jun 20123597,63079.822.52$47,876
May 20123927,93991.612.49$55,666
Apr 20121977,994101.652.00$35,987
Mar 20123958,014105.052.22$59,303
Feb 20122027,349101.102.57$39,311
Jan 20123727,39098.092.73$56,694
Dec 20113927,64596.873.24$62,741
Nov 20112067,51095.723.31$44,586
Oct 20113947,91484.983.65$62,357
Sep 20113947,76883.623.99$63,908
Aug 20111968,39583.404.15$51,180
Jul 20115638,36994.144.52$90,806
Jun 20112038,28292.904.64$57,286
May 20113928,37298.134.40$75,344
Apr 20111928,238105.964.33$56,042
Mar 20113858,67196.364.06$72,280
Feb 20113947,83985.644.18$66,509
Jan 20113929,26986.504.59$76,441
Dec 20103898,58285.734.35$70,661
Nov 201056910,67780.843.80$86,521
Oct 201057911,12278.103.51$84,246
Sep 201057311,07072.633.98$85,670
Aug 201038511,90273.684.42$80,966
Jul 201057012,21572.554.74$99,210
Jun 201057012,33870.364.91$100,690
May 201057613,40471.124.24$97,734
Apr 201057213,08981.694.12$100,689
Mar 201058213,96178.394.39$106,893
Feb 201077513,10973.585.44$128,368
Jan 201058214,67974.365.96$130,824
Dec 200977814,13071.445.48$133,066
Nov 200957814,07574.593.75$95,915
Oct 200976815,95272.544.11$121,277
Sep 200976516,22365.543.06$99,858
Aug 200975117,32367.423.22$106,387
Jul 200957713,90061.133.46$83,429
Jun 200974418,71766.163.90$122,126
May 200994320,12954.743.93$130,641
Apr 200995619,26246.773.59$113,815
Mar 200996622,15242.144.06$130,622
Feb 200996821,01232.814.63$129,109
Jan 20091,17724,55435.865.37$174,087
Dec 20081,39027,25737.105.98$214,488
Nov 20081,18932,05955.496.86$285,914
Oct 20081,55032,25375.246.92$339,877
Sep 20081,27536,890101.767.88$420,330
Aug 20081,97154,885114.228.48$690,718
Jul 20083,05177,145131.0811.39$1,278,563
Jun 200839217,729131.3313.03$282,537

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                1,323 Mcf  × $  3.05 =     $4,030

────────────────────────────────────────────────────
Month total                                   $4,030

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/241602 is the state's own key, not one this site invented.