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 243671District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.5 M
Dec 2008 – May 2026
Value, last 12 filed months
$257 k
at the published price for each month
Months reported
210
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 Gas112009-02-09188869
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
CondensateDisposition34,006 bbl$2,116,849
GasProduction2,643,533 Mcf$10,343,560
Total$12,460,409

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 26.7723, -98.3374. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.77231, -98.33743 · 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
11,300 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 11,300 ft.

Completions filed
Oct 2019
1 of 1 wells

1 well

42-4273437962311,300 ftOct 2019

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 (210)

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

210 months

May 202604,523106.413.05$13,776
Apr 202604,63398.932.87$13,295
Mar 20261764,69689.753.15$30,586
Feb 202603,94963.503.75$14,810
Jan 202604,71859.138.00$37,734
Dec 20251824,87856.664.41$31,840
Nov 202504,82858.593.93$18,957
Oct 202504,96359.383.30$16,402
Sep 20251794,46962.743.08$24,981
Aug 202504,81863.933.01$14,525
Jul 202504,61066.743.32$15,283
Jun 20251704,45266.483.13$25,231
May 202504,71660.553.23$15,244
Apr 202504,75662.363.54$16,851
Mar 202504,83867.704.27$20,650
Feb 20251884,43470.884.34$32,573
Jan 202504,94074.324.28$21,137
Dec 202405,53468.993.12$17,274
Nov 202405,62869.052.20$12,373
Oct 20241775,80571.372.28$25,876
Sep 202405,73269.612.36$13,553
Aug 202405,81475.632.06$11,998
Jul 20241685,82679.932.15$25,934
Jun 202405,69478.082.63$14,998
May 202406,23878.812.20$13,714
Apr 20241676,08484.451.66$24,198
Mar 202406,61480.301.55$10,219
Feb 20241895,84476.091.78$24,805
Jan 202406,26773.023.30$20,666
Dec 202307,24871.262.61$18,923
Nov 20231846,88677.892.81$33,665
Oct 202308,10785.443.09$25,029
Sep 202308,57489.042.74$23,450
Aug 20231929,07280.522.67$39,708
Jul 202309,44974.852.64$24,962
Jun 202309,47868.962.26$21,406
May 202319510,04070.622.23$36,134
Apr 202306,53478.122.24$14,622
Mar 202302,82272.852.39$6,754
Feb 202303,90875.112.47$9,636
Jan 202303,62176.533.39$12,267
Dec 20221783,72976.415.73$34,965
Nov 202203,53885.005.65$19,976
Oct 202203,81287.185.86$22,353
Sep 202203,61884.888.16$29,536
Aug 202203,76194.529.13$34,327
Jul 202204,147101.587.54$31,277
Jun 20221784,213115.097.98$54,094
May 202204,436109.378.43$37,409
Apr 202204,543104.226.84$31,063
Mar 20221734,446108.885.08$41,406
Feb 202204,32691.054.86$21,019
Jan 202205,01481.844.54$22,752
Dec 20211705,12071.323.90$32,088
Nov 202104,93877.435.24$25,860
Oct 202105,23379.795.71$29,901
Sep 20211775,32069.865.35$40,832
Aug 202105,45466.024.22$23,019
Jul 202105,98470.783.98$23,829
Jun 20211755,89169.493.38$32,076
May 202106,31963.483.02$19,069
Apr 2021956,21560.362.76$22,878
Mar 202106,74661.302.72$18,328
Feb 20211795,98657.805.55$43,556
Jan 202107,16350.412.81$20,130
Dec 20201737,34644.642.68$27,377
Nov 202007,43538.772.71$20,123
Oct 20201798,22536.972.48$27,003
Sep 202008,54437.091.99$17,011
Aug 20201849,98539.982.39$31,172
Jul 202008,27138.371.83$15,096
Jun 202019210,51434.901.69$24,473
May 202018311,90916.921.81$24,708
Apr 2020812,50414.751.80$22,680
Mar 202019113,90630.341.86$31,608
Feb 202019714,39149.881.98$38,330
Jan 202036817,65657.252.09$58,053
Dec 201935521,13859.012.30$69,658
Nov 201951427,78555.302.75$104,852
Oct 20191,10043,25953.472.42$163,441
Sep 2019312,18255.052.66$7,505
Aug 2019493,90453.112.30$11,599
Jul 2019294,71456.272.46$13,229
Jun 20191814,52752.782.49$20,831
May 2019286,58558.482.74$19,682
Apr 2019283,85362.632.75$12,352
Mar 2019283,19756.803.06$11,380
Feb 20192333,45850.852.79$21,504
Jan 2019444,16146.033.23$15,458
Dec 2018284,28946.594.19$19,256
Nov 20182284,65252.934.24$31,780
Oct 20182144,65461.443.40$28,963
Sep 2018564,41159.543.11$17,044
Aug 2018135,01059.403.07$16,136
Jul 20182156,85065.142.93$34,088
Jun 2018287,35960.183.08$24,328
May 20181011,94665.382.90$12,248
Apr 2018283,87863.842.90$13,037
Mar 20181014,04061.222.79$17,442
Feb 20181903,77661.782.77$22,183
Jan 2018203,09262.874.01$13,654
Dec 2017573,99857.272.92$14,945
Nov 201704,12755.423.12$12,869
Oct 20171924,08949.292.98$21,664
Sep 201754,11947.523.09$12,954
Aug 201734,59045.373.00$13,926
Jul 201734,40743.873.09$13,737
Jun 201704,34242.493.09$13,405
May 20171854,39345.373.26$22,730
Apr 201714,29347.933.21$13,835
Mar 20171864,34046.772.98$21,648
Feb 201723,98750.452.95$11,873
Jan 20171834,63849.413.42$24,898
Dec 201634,96948.763.72$18,645
Nov 201624,97842.492.64$13,249
Oct 201625,27546.193.09$16,394
Sep 201635,92041.553.10$18,480
Aug 201611,98641.442.92$5,849
Jul 201623,20141.622.92$9,444
Jun 201615,17345.352.69$13,939
May 20161215,33542.521.99$15,767
Apr 201604,46136.561.99$8,882
Mar 2016975,51233.011.79$13,091
Feb 201605,10026.472.06$10,525
Jan 20161625,54627.352.36$17,543
Dec 201505,69932.362.00$11,406
Nov 20151033,56238.792.17$11,715
Oct 201525,65243.552.43$13,802
Sep 2015115,56142.992.76$15,812
Aug 20151015,83640.162.87$20,820
Jul 201515,88448.152.95$17,377
Jun 201525,71156.152.88$16,576
May 20151886,13855.212.96$28,520
Apr 201565,91549.822.71$16,308
Mar 201546,33742.892.93$18,769
Feb 20151955,59444.662.98$25,358
Jan 20151966,58843.433.10$28,939
Dec 201407,88254.693.59$28,307
Nov 201403,70870.464.25$15,766
Oct 20141916,25978.303.90$39,371
Sep 201406,47286.164.05$26,182
Aug 201447,00489.394.04$28,620
Jul 201407,15896.564.18$29,918
Jun 201466,89098.164.74$33,226
May 20142007,27394.734.73$53,322
Apr 201407,12195.944.81$34,246
Mar 201407,78795.895.06$39,377
Feb 20141857,06397.406.19$61,753
Jan 201408,13290.404.86$39,527
Dec 20131938,14891.824.35$53,202
Nov 201306,46588.853.74$24,168
Oct 201307,93597.423.78$29,989
Sep 20131898,236104.113.72$50,296
Aug 201307,062104.253.52$24,877
Jul 20131938,015102.523.72$49,584
Jun 201309,00494.403.93$35,416
May 20131918,74194.834.15$54,380
Apr 201307,89993.964.28$33,828
Mar 20131808,36093.623.91$49,563
Feb 201309,23191.233.42$31,569
Jan 201321910,53891.603.42$56,099
Dec 201219310,83986.773.42$53,818
Nov 2012510,70986.953.62$39,254
Oct 201219411,23889.383.40$55,545
Sep 2012211,03494.672.92$32,391
Aug 201218011,77692.662.91$50,925
Jul 2012712,29285.133.02$37,728
Jun 201219312,15779.822.52$46,029
May 2012311,75291.612.49$29,518
Apr 201219212,507101.652.00$44,491
Mar 201219914,205105.052.22$52,470
Feb 2012213,626101.102.57$35,224
Jan 201219513,72998.092.73$56,664
Dec 201128714,14796.873.24$73,634
Nov 2011314,95395.723.31$49,801
Oct 201119716,67084.983.65$77,562
Sep 201118615,51683.623.99$77,397
Aug 201117717,55683.404.15$87,607
Jul 201119217,60794.144.52$97,610
Jun 201119915,81892.904.64$91,881
May 201119717,26098.134.40$95,359
Apr 201119218,314105.964.33$99,704
Mar 201119919,60196.364.06$98,704
Feb 201121017,96285.644.18$93,065
Jan 201139520,89986.504.59$130,068
Dec 201019821,84185.734.35$111,934
Nov 201039321,73580.843.80$114,262
Oct 201039022,79078.103.51$110,427
Sep 201019623,28272.633.98$106,886
Aug 201038724,60273.684.42$137,239
Jul 201037926,00372.554.74$150,659
Jun 201019624,37770.364.91$133,491
May 201037528,68071.124.24$148,136
Apr 201038428,58181.694.12$149,200
Mar 201058431,67078.394.39$184,769
Feb 201038931,01473.585.44$197,412
Jan 201058233,50474.365.96$243,098
Dec 200956637,00171.445.48$243,339
Nov 200954937,01374.593.75$179,804
Oct 200956243,60872.544.11$220,007
Sep 200938737,22065.543.06$139,434
Aug 200956552,97167.423.22$208,579
Jul 200957638,19361.133.46$167,531
Jun 200957255,01866.163.90$252,139
May 200977163,04654.743.93$289,707
Apr 200995168,36046.773.59$289,720
Mar 20091,34085,46342.144.06$403,362
Feb 200994996,19132.814.63$476,790
Jan 20092,317152,24835.865.37$900,812
Dec 20082,869177,91837.105.98$1,169,881

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                4,523 Mcf  × $  3.05 =    $13,776

────────────────────────────────────────────────────
Month total                                  $13,776

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/243671 is the state's own key, not one this site invented.