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 243480District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 M
Oct 2008 – May 2026
Value, last 12 filed months
$49 k
at the published price for each month
Months reported
212
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 Gas112009-02-09188801
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
CondensateDisposition10,886 bbl$754,966
GasProduction1,064,243 Mcf$4,468,435
Total$5,223,401

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 26.7664, -98.3650. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.76643, -98.36505 · 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
9,500 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 9,500 ft.

Completions filed
Oct 2008
1 of 1 wells

1 well

42-427343486229,500 ftOct 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 (212)

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

212 months

May 202603,546106.413.05$10,801
Apr 202602,38898.932.87$6,853
Mar 202601,44589.753.15$4,551
Feb 2026020163.503.75$754
Jan 202602,31659.138.00$18,523
Dec 202501,65356.664.41$7,295
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 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210550.412.81$14
Dec 202001144.642.68$29
Nov 20200438.772.71$11
Oct 20200536.972.48$12
Sep 202001037.091.99$20
Aug 20200439.982.39$10
Jul 20200138.371.83$2
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200257.252.09$4
Dec 20190259.012.30$5
Nov 20190255.302.75$6
Oct 20190053.472.42$0
Sep 20190255.052.66$5
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190158.482.74$3
Apr 201902062.632.75$55
Mar 20190356.803.06$9
Feb 20190050.852.79$0
Jan 20190446.033.23$13
Dec 20180846.594.19$33
Nov 20180652.934.24$25
Oct 20180661.443.40$20
Sep 20180559.543.11$16
Aug 20180259.403.07$6
Jul 20180365.142.93$9
Jun 20180360.183.08$9
May 20180365.382.90$9
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180161.782.77$3
Jan 20181262.874.01$71
Dec 201716157.272.92$919
Nov 20170455.423.12$12
Oct 20170049.292.98$0
Sep 20170447.523.09$12
Aug 20170245.373.00$6
Jul 20170343.873.09$9
Jun 20170842.493.09$25
May 20170245.373.26$7
Apr 20170247.933.21$6
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170449.413.42$14
Dec 201602148.763.72$78
Nov 201605542.492.64$145
Oct 201606446.193.09$198
Sep 201604541.553.10$140
Aug 20160941.442.92$26
Jul 20160341.622.92$9
Jun 20160545.352.69$13
May 201601542.521.99$30
Apr 201602136.561.99$42
Mar 2016016233.011.79$291
Feb 2016046926.472.06$968
Jan 2016028927.352.36$683
Dec 201501332.362.00$26
Nov 2015017938.792.17$388
Oct 2015064643.552.43$1,568
Sep 2015083542.992.76$2,303
Aug 201501,01540.162.87$2,916
Jul 20151552,84648.152.95$15,845
Jun 201516,57956.152.88$19,022
May 201557,52955.212.96$22,528
Apr 20151997,14449.822.71$29,250
Mar 201557,35142.892.93$21,788
Feb 201525,88944.662.98$17,616
Jan 20151857,22643.433.10$30,440
Dec 201407,50054.693.59$26,935
Nov 201416,71470.464.25$28,617
Oct 201427,69778.303.90$30,182
Sep 201407,23686.164.05$29,273
Aug 20142057,76689.394.04$49,662
Jul 201408,00796.564.18$33,466
Jun 201428,33098.164.74$39,655
May 201428,69894.734.73$41,301
Apr 201406,30295.944.81$30,307
Mar 20141944,46295.895.06$41,166
Feb 201405,96397.406.19$36,923
Jan 201407,04090.404.86$34,219
Dec 201307,44891.824.35$32,432
Nov 201306,70088.853.74$25,046
Oct 201307,89797.423.78$29,846
Sep 201307,329104.113.72$27,247
Aug 20131918,137104.253.52$48,575
Jul 201307,515102.523.72$27,939
Jun 201307,74594.403.93$30,464
May 201307,66094.834.15$31,782
Apr 201308,01093.964.28$34,304
Mar 201307,83493.623.91$30,653
Feb 201308,56491.233.42$29,288
Jan 20131939,40691.603.42$49,846
Dec 20121919,56686.773.42$49,290
Nov 201228,90786.953.62$32,461
Oct 201249,95389.383.40$34,195
Sep 201218710,33694.672.92$47,868
Aug 2012110,77292.662.91$31,419
Jul 201218711,52585.133.02$50,734
Jun 2012310,16779.822.52$25,851
May 2012311,31291.612.49$28,423
Apr 2012112,031101.652.00$24,125
Mar 2012311,888105.052.22$26,731
Feb 2012110,790101.102.57$27,834
Jan 2012310,93398.092.73$30,186
Dec 201119611,91896.873.24$57,598
Nov 201119612,56695.723.31$60,371
Oct 2011313,89084.983.65$50,933
Sep 201118313,22483.623.99$68,011
Aug 2011113,27883.404.15$55,178
Jul 201119412,00694.144.52$72,497
Jun 201119311,36892.904.64$70,676
May 2011312,16198.134.40$53,861
Apr 201119112,778105.964.33$75,609
Mar 201119713,22896.364.06$72,653
Feb 2011511,68585.644.18$49,271
Jan 201119713,92186.504.59$80,921
Dec 201019414,47685.734.35$79,570
Nov 201019713,32080.843.80$66,479
Oct 201018214,67478.103.51$65,704
Sep 201019214,00372.633.98$69,669
Aug 201018514,12073.684.42$76,032
Jul 201019113,76972.554.74$79,074
Jun 2010414,43070.364.91$71,139
May 201019316,56471.124.24$83,878
Apr 201019316,13081.694.12$82,265
Mar 201019517,33578.394.39$91,364
Feb 201042716,10873.585.44$119,084
Jan 2010317,99274.365.96$107,529
Dec 200939419,31971.445.48$134,088
Nov 200919118,27274.593.75$82,794
Oct 200919519,93372.544.11$96,075
Sep 200938521,07065.543.06$89,807
Aug 200918923,87767.423.22$89,591
Jul 200919312,42961.133.46$54,858
Jun 200938522,93066.163.90$114,784
May 200919023,95854.743.93$104,454
Apr 200938323,58146.773.59$102,510
Mar 200939125,13042.144.06$118,479
Feb 200938723,54532.814.63$121,781
Jan 200958925,99135.865.37$160,719
Dec 200839928,26137.105.98$183,723
Nov 200839832,51455.496.86$245,143
Oct 200855740,24575.246.92$320,484

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                3,546 Mcf  × $  3.05 =    $10,801

────────────────────────────────────────────────────
Month total                                  $10,801

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/243480 is the state's own key, not one this site invented.