BALES GAS UNIT

Operated by MERIT ENERGY COMPANY (P-5 561136) in the BELLE FERGUSON (LO. FRIO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 251874District 04Field 069273002 tax incentive programmesCondensateGasSaveExport
Value, all time
$22.4 M
Aug 2009 – May 2026
Value, last 12 filed months
$242 k
at the published price for each month
Months reported
202
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 15 leases and 15 wells, and the rule below applies to all of them.

Discovered
2000-01-25
as the register files it
Field class
Gas
the register's own label
Between wells
933 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 2000-01-25.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 04/01/2000.

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 Gas112013-03-07208841
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
CondensateDisposition47,276 bbl$3,577,436
GasProduction4,977,008 Mcf$18,833,079
Total$22,410,515

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 26.1732, -98.2244. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.17320, -98.22443 · 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
10,667 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 10,667 ft.

Completions filed
Jan 2023
1 of 1 wells

1 well

42-215339237ST10,667 ftJan 2023

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 (202)

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

202 months

May 202600106.413.05$0
Apr 20261098.932.87$99
Mar 2026932889.753.15$1,841
Feb 202669663.503.75$741
Jan 2026788159.138.00$7,460
Dec 20251552256.664.41$3,154
Nov 2025182,57558.593.93$11,165
Oct 2025299,04459.383.30$31,611
Sep 20252910,50062.743.08$34,127
Aug 20253912,86363.933.01$41,272
Jul 20253816,00766.743.32$55,603
Jun 20257016,17966.483.13$55,273
May 20258720,22060.553.23$70,625
Apr 20258522,11162.363.54$83,643
Mar 202510027,49367.704.27$124,119
Feb 202510326,76770.884.34$123,492
Jan 20258330,42174.324.28$136,330
Dec 20248426,14068.993.12$87,388
Nov 20246815,81869.052.20$39,470
Oct 20248526,08171.372.28$65,568
Sep 202410132,79269.612.36$84,563
Aug 202410632,13875.632.06$74,338
Jul 202411931,33779.932.15$76,779
Jun 202415731,10178.082.63$94,178
May 202436728,70078.812.20$92,019
Apr 202477733,61784.451.66$121,395
Mar 202470733,77380.301.55$108,956
Feb 202471029,21376.091.78$106,129
Jan 202480132,10273.023.30$164,351
Dec 202396839,33971.262.61$171,683
Nov 202397646,99677.892.81$207,965
Oct 202388944,63585.443.09$213,757
Sep 202362224,53189.042.74$122,476
Aug 202304,21580.522.67$11,266
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023135070.622.23$9,534
Apr 202353322,14978.122.24$91,202
Mar 20231,31154,67272.852.39$226,345
Feb 20231,13753,43075.112.47$217,141
Jan 2023826,98076.533.39$29,922
Dec 2022035276.415.73$2,017
Nov 20220185.005.65$6
Oct 202203587.185.86$205
Sep 20220284.888.16$16
Aug 202202794.529.13$246
Jul 2022021101.587.54$158
Jun 2022038115.097.98$303
May 20220162109.378.43$1,366
Apr 2022054104.226.84$369
Mar 20220393108.885.08$1,995
Feb 2022029691.054.86$1,438
Jan 2022041481.844.54$1,879
Dec 2021051171.323.90$1,992
Nov 2021032777.435.24$1,712
Oct 2021030479.795.71$1,737
Sep 2021038069.865.35$2,033
Aug 2021028066.024.22$1,182
Jul 2021448170.783.98$2,199
Jun 20212426269.493.38$2,553
May 20213539163.483.02$3,402
Apr 20211438160.362.76$1,896
Mar 2021342661.302.72$1,341
Feb 2021027457.805.55$1,520
Jan 2021048250.412.81$1,355
Dec 2020053344.642.68$1,426
Nov 2020021938.772.71$593
Oct 2020034536.972.48$855
Sep 20205057037.091.99$2,989
Aug 202014254539.982.39$6,977
Jul 202016565638.371.83$7,528
Jun 202020569834.901.69$8,334
May 202019767916.921.81$4,565
Apr 202019168114.751.80$4,046
Mar 202028066430.341.86$9,728
Feb 202029145949.881.98$15,424
Jan 202035022057.252.09$20,498
Dec 201930348859.012.30$19,005
Nov 20193101,13255.302.75$20,257
Oct 20192681,33053.472.42$17,547
Sep 20192071,37155.052.66$15,038
Aug 20191542,32653.112.30$13,539
Jul 20191022,80956.272.46$12,650
Jun 20191232,58452.782.49$12,929
May 20191262,81658.482.74$15,085
Apr 2019762,86962.632.75$12,652
Mar 2019262,17356.803.06$8,131
Feb 201909,87650.852.79$27,576
Jan 201909,49946.033.23$30,664
Dec 201804,82746.594.19$20,203
Nov 201805,32052.934.24$22,542
Oct 201802,46561.443.40$8,376
Sep 201804,60959.543.11$14,325
Aug 201804,99259.403.07$15,308
Jul 201805,03965.142.93$14,774
Jun 201805,15460.183.08$15,858
May 201806,31065.382.90$18,304
Apr 201806,60363.842.90$19,154
Mar 201807,30361.222.79$20,352
Feb 201806,74761.782.77$18,663
Jan 201807,33662.874.01$29,412
Dec 201707,47157.272.92$21,827
Nov 201705,77155.423.12$17,996
Oct 201702,90449.292.98$8,665
Sep 201703,96347.523.09$12,235
Aug 201702,83345.373.00$8,511
Jul 201703,53243.873.09$10,904
Jun 201704,41542.493.09$13,630
May 201704,46545.373.26$14,571
Apr 201704,12247.933.21$13,238
Mar 201714,55846.772.98$13,646
Feb 201773,99450.452.95$12,146
Jan 2017134,68849.413.42$16,670
Dec 201693,83648.763.72$14,720
Nov 2016114,07142.492.64$11,233
Oct 2016124,42946.193.09$14,241
Sep 2016125,16241.553.10$16,504
Aug 2016135,87741.442.92$17,725
Jul 201605,79341.622.92$16,941
Jun 201605,78945.352.69$15,548
May 201608,06942.521.99$16,066
Apr 201607,31836.561.99$14,570
Mar 201607,86233.011.79$14,105
Feb 201606,51426.472.06$13,442
Jan 201605,73527.352.36$13,560
Dec 201505,70032.362.00$11,408
Nov 201504,91438.792.17$10,650
Oct 2015126,12843.552.43$15,393
Sep 2015516,30042.992.76$19,571
Aug 2015536,58640.162.87$21,047
Jul 2015636,17448.152.95$21,216
Jun 2015736,77256.152.88$23,622
May 2015726,00055.212.96$21,708
Apr 2015836,46749.822.71$21,638
Mar 20151398,53642.892.93$31,012
Feb 20151268,29344.662.98$30,309
Jan 20151498,09443.433.10$31,568
Dec 2014758,54054.693.59$34,772
Nov 2014498,35970.464.25$38,994
Oct 2014518,65778.303.90$37,764
Sep 2014367,39186.164.05$33,002
Aug 2014388,02789.394.04$35,787
Jul 2014347,61796.564.18$35,119
Jun 2014356,62898.164.74$34,832
May 2014468,59294.734.73$44,968
Apr 2014377,41695.944.81$39,214
Mar 2014397,94795.895.06$43,926
Feb 2014397,78697.406.19$52,010
Jan 2014559,48490.404.86$51,071
Dec 2013599,61491.824.35$47,281
Nov 20134610,80988.853.74$44,494
Oct 20136413,04197.423.78$55,522
Sep 20135912,819104.113.72$53,800
Aug 20136415,138104.253.52$59,997
Jul 20137616,134102.523.72$67,774
Jun 20138016,66994.403.93$73,118
May 201310119,56294.834.15$90,742
Apr 201310720,11093.964.28$96,177
Mar 201311720,75693.623.91$92,169
Feb 201310619,56191.233.42$76,567
Jan 201313822,69391.603.42$90,249
Dec 201214226,51186.773.42$102,993
Nov 201213925,11486.953.62$103,123
Oct 201215123,62989.383.40$93,827
Sep 201213426,80394.672.92$90,908
Aug 201218231,75292.662.91$109,204
Jul 201215634,13285.133.02$116,386
Jun 201216034,86579.822.52$100,598
May 201218540,93891.612.49$118,815
Apr 201221742,777101.652.00$107,475
Mar 201217746,486105.052.22$121,889
Feb 201228549,081101.102.57$154,963
Jan 201232459,76998.092.73$195,194
Dec 201139065,62496.873.24$250,384
Nov 201140767,77395.723.31$263,373
Oct 201140980,78284.983.65$329,493
Sep 201138283,70483.623.99$365,570
Aug 201136375,62883.404.15$344,079
Jul 201140279,89794.144.52$398,758
Jun 201137080,97792.904.64$410,097
May 201133261,21798.134.40$302,229
Apr 201137058,410105.964.33$292,312
Mar 201149265,73296.364.06$314,106
Feb 201150462,00485.644.18$302,338
Jan 201158174,36686.504.59$391,506
Dec 201070083,55485.734.35$423,283
Nov 201077187,46980.843.80$394,301
Oct 201092097,84078.103.51$415,162
Sep 20101,127102,45772.633.98$489,579
Aug 20101,071110,98473.684.42$569,390
Jul 2010625112,06372.554.74$576,129
Jun 201041995,49070.364.91$498,375
May 2010831127,08271.124.24$597,321
Apr 2010912126,24481.694.12$594,966
Mar 20101,112154,14178.394.39$763,644
Feb 20101,664151,66573.585.44$947,853
Jan 20102,415151,91474.365.96$1,085,608
Dec 20093,221182,98771.445.48$1,233,563
Nov 20093,354179,62074.593.75$924,019
Oct 20093,217196,38172.544.11$1,040,536
Sep 20096184,37265.543.06$565,447
Aug 200910773,98267.423.22$245,325

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.

Apr 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $ 98.93 =        $99
Gas                    0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                      $99

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/251874 is the state's own key, not one this site invented.