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 247282District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.1 M
Jan 2009 – May 2026
Value, last 12 filed months
$255 k
at the published price for each month
Months reported
209
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 Gas112009-08-31193838
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
CondensateDisposition45,577 bbl$2,981,198
GasProduction3,159,325 Mcf$12,125,286
Total$15,106,484

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 26.8000, -98.3187. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.80004, -98.31868 · 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
11,535 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 11,535 ft.

Completions filed
Jan 2009
1 of 1 wells

1 well

42-0473237662511,535 ftJan 2009

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 (209)

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

209 months

May 2026733,295106.413.05$17,804
Apr 20261713,71298.932.87$27,569
Mar 2026363,87589.753.15$15,435
Feb 2026353,40863.503.75$15,004
Jan 2026363,84159.138.00$32,849
Dec 20252503,96656.664.41$31,668
Nov 2025353,93058.593.93$17,482
Oct 2025364,11559.383.30$15,737
Sep 2025253,93462.743.08$13,673
Aug 20252144,23463.933.01$26,446
Jul 2025355,59366.743.32$20,878
Jun 2025355,67966.483.13$20,095
May 2025355,91460.553.23$21,235
Apr 20252145,72762.363.54$33,636
Mar 2025355,95867.704.27$27,800
Feb 2025365,28370.884.34$25,484
Jan 20252555,91774.324.28$44,269
Dec 2024724,94268.993.12$20,393
Nov 2024372,18069.052.20$7,347
Oct 2024362,88171.372.28$9,142
Sep 2024364,42169.612.36$12,959
Aug 20242084,53575.632.06$25,090
Jul 2024364,19879.932.15$11,889
Jun 2024694,16078.082.63$16,345
May 2024354,50078.812.20$12,651
Apr 20242144,48584.451.66$25,514
Mar 2024364,57780.301.55$9,963
Feb 2024724,10676.091.78$12,802
Jan 2024364,36273.023.30$17,013
Dec 20232544,65871.262.61$30,261
Nov 2023364,11877.892.81$14,366
Oct 20231084,29285.443.09$22,478
Sep 2023381,34789.042.74$7,068
Aug 20232694,94080.522.67$34,864
Jul 2023775,13474.852.64$19,326
Jun 2023724,92368.962.26$16,084
May 20232645,04270.622.23$29,874
Apr 2023394,96178.122.24$14,148
Mar 2023755,24772.852.39$18,021
Feb 2023384,85675.112.47$14,828
Jan 2023685,16776.533.39$22,708
Dec 20223365,15976.415.73$55,230
Nov 202205,02985.005.65$28,395
Oct 2022365,29887.185.86$34,205
Sep 2022734,99584.888.16$46,974
Aug 2022385,40794.529.13$52,942
Jul 20222725,343101.587.54$67,927
Jun 20221105,121115.097.98$53,511
May 202205,466109.378.43$46,095
Apr 2022765,302104.226.84$44,174
Mar 20221914,973108.885.08$46,041
Feb 2022414,67291.054.86$26,434
Jan 20222584,68481.844.54$42,369
Dec 2021365,11271.323.90$22,500
Nov 2021744,74777.435.24$30,589
Oct 2021784,85379.795.71$33,953
Sep 20212205,44969.865.35$44,526
Aug 2021715,13066.024.22$26,339
Jul 2021725,53070.783.98$27,117
Jun 2021365,39169.493.38$20,727
May 2021725,72263.483.02$21,838
Apr 2021675,27560.362.76$18,595
Mar 20212605,61861.302.72$31,202
Feb 2021744,84957.805.55$31,179
Jan 2021725,70950.412.81$19,673
Dec 2020374,52344.642.68$13,753
Nov 20202565,64338.772.71$25,198
Oct 2020725,97736.972.48$17,475
Sep 2020705,95237.091.99$14,447
Aug 2020745,69439.982.39$16,539
Jul 2020384,79538.371.83$10,210
Jun 20203085,52434.901.69$20,086
May 2020376,10516.921.81$11,705
Apr 2020835,86014.751.80$11,798
Mar 20202436,34330.341.86$19,147
Feb 20201296,13449.881.98$18,584
Jan 2020905,86057.252.09$17,428
Dec 2019384,93059.012.30$13,603
Nov 20192176,47555.302.75$29,811
Oct 2019726,86253.472.42$20,446
Sep 2019346,73555.052.66$19,768
Aug 20192837,05053.112.30$31,276
Jul 2019736,79256.272.46$20,816
Jun 2019716,68152.782.49$20,391
May 20192667,09158.482.74$34,987
Apr 2019716,97462.632.75$23,630
Mar 2019757,37456.803.06$26,840
Feb 20193036,77050.852.79$34,311
Jan 20191117,65846.033.23$29,831
Dec 2018797,99946.594.19$37,160
Nov 20182788,41652.934.24$50,375
Oct 2018728,74161.443.40$34,126
Sep 20181488,30959.543.11$34,636
Aug 20181158,69759.403.07$33,501
Jul 2018739,02565.142.93$31,215
Jun 2018728,55860.183.08$30,665
May 20182778,79265.382.90$43,614
Apr 2018727,77563.842.90$27,150
Mar 20182516,67061.222.79$33,954
Feb 20181437,04661.782.77$28,325
Jan 20183318,47462.874.01$54,785
Dec 20171658,53757.272.92$34,391
Nov 201706,48555.423.12$20,223
Oct 20171748,34949.292.98$33,487
Sep 201758,70147.523.09$27,100
Aug 201735,07745.373.00$15,389
Jul 20171948,19243.873.09$33,802
Jun 201706,45242.493.09$19,919
May 201778,47145.373.26$27,962
Apr 20171898,67747.933.21$36,926
Mar 20171819,23646.772.98$36,023
Feb 201768,39750.452.95$25,096
Jan 20171748,96149.413.42$39,233
Dec 201699,27548.763.72$34,968
Nov 20161897,82242.492.64$28,715
Oct 201689,42546.193.09$29,495
Sep 201618211,29141.553.10$42,571
Aug 201659,94441.442.92$29,287
Jul 20161788,47041.622.92$32,178
Jun 20161639,14045.352.69$31,941
May 2016439,73342.521.99$21,207
Apr 2016659,30336.561.99$20,899
Mar 2016419,97933.011.79$19,256
Feb 201616610,13626.472.06$25,311
Jan 201618111,47627.352.36$32,084
Dec 201509,87532.362.00$19,764
Nov 2015649,68638.792.17$23,475
Oct 201516710,63443.552.43$33,077
Sep 20151310,82242.992.76$30,410
Aug 201510911,51840.162.87$37,463
Jul 201515910,41748.152.95$38,335
Jun 201519211,01056.152.88$42,521
May 2015610,35555.212.96$30,935
Apr 201519910,97949.822.71$39,630
Mar 201519911,57042.892.93$42,490
Feb 201519810,28944.662.98$39,465
Jan 201519112,11543.433.10$45,859
Dec 201419111,76054.693.59$52,680
Nov 201419,92870.464.25$42,283
Oct 201418812,33078.303.90$62,819
Sep 201419212,62586.164.05$67,616
Aug 2014612,96989.394.04$52,868
Jul 201418913,44396.564.18$74,436
Jun 20141313,28098.164.74$64,182
May 201420512,36894.734.73$77,878
Apr 201418912,00795.944.81$75,876
Mar 201419115,07395.895.06$94,536
Feb 2014012,29697.406.19$76,137
Jan 201436014,93590.404.86$105,139
Dec 201318914,51991.824.35$80,577
Nov 2013013,75188.853.74$51,405
Oct 201319412,96297.423.78$67,888
Sep 201318114,481104.113.72$72,681
Aug 201318713,483104.253.52$66,990
Jul 201318712,841102.523.72$66,911
Jun 201319314,36194.403.93$74,707
May 201318315,16494.834.15$80,271
Apr 201318914,17693.964.28$78,468
Mar 201319213,65793.623.91$71,413
Feb 201319613,50891.233.42$64,077
Jan 201320415,60291.603.42$72,044
Dec 201238216,02986.773.42$87,968
Nov 2012616,55886.953.62$60,544
Oct 201220717,36489.383.40$77,534
Sep 201218117,52694.672.92$68,283
Aug 201215718,83892.662.91$69,332
Jul 201220118,37985.133.02$72,630
Jun 201220416,71679.822.52$58,392
May 201219919,31691.612.49$66,295
Apr 201219719,380101.652.00$58,723
Mar 201219620,541105.052.22$66,234
Feb 201219720,053101.102.57$71,458
Jan 201218320,34498.092.73$73,573
Dec 2011221,14596.873.24$68,698
Nov 2011321,42895.723.31$71,241
Oct 201119223,57884.983.65$102,341
Sep 2011323,02383.623.99$92,016
Aug 201136524,97583.404.15$134,070
Jul 201138123,74794.144.52$143,138
Jun 201119423,90392.904.64$128,930
May 201136924,78098.134.40$145,361
Apr 201137924,746105.964.33$147,390
Mar 201119726,43196.364.06$126,222
Feb 201139224,07285.644.18$134,191
Jan 201139727,75886.504.59$161,716
Dec 201043328,79785.734.35$162,323
Nov 201066627,66080.843.80$158,818
Oct 201039429,43878.103.51$134,066
Sep 201039329,81172.633.98$147,176
Aug 201040130,74173.684.42$165,401
Jul 201057031,38372.554.74$189,999
Jun 201038331,89470.364.91$183,560
May 201056236,24671.124.24$193,479
Apr 201057636,20381.694.12$196,307
Mar 201077540,08178.394.39$236,655
Feb 201058738,32573.585.44$251,770
Jan 201078139,20374.365.96$291,885
Dec 200982345,18671.445.48$306,584
Nov 200958744,58374.593.75$211,037
Oct 200977850,99272.544.11$266,026
Sep 200958457,49065.543.06$214,468
Aug 200995470,17967.423.22$290,190
Jul 200975950,81461.133.46$222,443
Jun 200978074,95066.163.90$343,535
May 20091,10988,32854.743.93$407,460
Apr 20091,166100,61246.773.59$415,479
Mar 20091,727135,87642.144.06$624,296
Feb 20092,640168,66332.814.63$868,034
Jan 20093,014143,37135.865.37$878,128

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            73 bbl  × $106.41 =     $7,768
Gas                3,295 Mcf  × $  3.05 =    $10,036

────────────────────────────────────────────────────
Month total                                  $17,804

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/247282 is the state's own key, not one this site invented.