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 254954District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.0 M
Feb 2010 – May 2026
Value, last 12 filed months
$166 k
at the published price for each month
Months reported
196
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 Gas112010-10-15199850
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
CondensateDisposition23,373 bbl$1,825,499
GasProduction2,091,677 Mcf$8,216,065
Total$10,041,564

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 26.7904, -98.3163. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.79040, -98.31632 · 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
12,198 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 12,198 ft.

Completions filed
Feb 2010
1 of 1 wells

1 well

42-0473240263212,198 ftFeb 2010

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 (196)

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

196 months

May 202602,586106.413.05$7,877
Apr 20261832,66598.932.87$25,752
Mar 202602,54689.753.15$8,018
Feb 202602,29563.503.75$8,607
Jan 202602,69459.138.00$21,546
Dec 202503,21456.664.41$14,185
Nov 20251793,35058.593.93$23,641
Oct 202503,08559.383.30$10,195
Sep 202502,93662.743.08$9,034
Aug 202503,13563.933.01$9,451
Jul 202502,52366.743.32$8,364
Jun 20251772,48766.483.13$19,548
May 202502,33560.553.23$7,547
Apr 202501,28662.363.54$4,556
Mar 202502,80367.704.27$11,964
Feb 202503,11370.884.34$13,513
Jan 202503,36874.324.28$14,411
Dec 202402,19868.993.12$6,861
Nov 20241802,18569.052.20$17,233
Oct 202402,47771.372.28$5,651
Sep 202401,17669.612.36$2,780
Aug 202401,76975.632.06$3,651
Jul 202402,63279.932.15$5,650
Jun 202402,90878.082.63$7,660
May 202402,48778.812.20$5,468
Apr 20241832,95584.451.66$20,357
Mar 202403,29380.301.55$5,088
Feb 202402,54276.091.78$4,534
Jan 202403,08873.023.30$10,183
Dec 202301,97671.262.61$5,159
Nov 202302,20177.892.81$6,179
Oct 202303,01685.443.09$9,311
Sep 202303,39889.042.74$9,294
Aug 20231723,18180.522.67$22,352
Jul 202303,68974.852.64$9,746
Jun 202302,93368.962.26$6,624
May 202303,12870.622.23$6,967
Apr 202303,53778.122.24$7,915
Mar 202303,80372.852.39$9,101
Feb 202303,81475.112.47$9,404
Jan 202303,44576.533.39$11,671
Dec 20221863,87376.415.73$36,401
Nov 202202,58285.005.65$14,578
Oct 202203,78987.185.86$22,218
Sep 202203,67484.888.16$29,993
Aug 202202,68494.529.13$24,497
Jul 202202,531101.587.54$19,089
Jun 202202,867115.097.98$22,871
May 20221823,681109.378.43$50,947
Apr 202203,195104.226.84$21,846
Mar 202202,997108.885.08$15,214
Feb 202203,15391.054.86$15,320
Jan 202203,70581.844.54$16,812
Dec 202103,50471.323.90$13,663
Nov 202103,00477.435.24$15,732
Oct 202103,56379.795.71$20,359
Sep 20211874,08169.865.35$34,901
Aug 202103,19766.024.22$13,493
Jul 202103,83770.783.98$15,279
Jun 202104,67969.493.38$15,818
May 202103,25363.483.02$9,816
Apr 202102,72260.362.76$7,508
Mar 202103,57661.302.72$9,716
Feb 202103,58557.805.55$19,889
Jan 202104,69150.412.81$13,183
Dec 20201733,68644.642.68$17,584
Nov 202004,22138.772.71$11,424
Oct 202005,67236.972.48$14,058
Sep 202004,70537.091.99$9,368
Aug 202003,31139.982.39$7,897
Jul 202003,03538.371.83$5,539
Jun 202042,22634.901.69$3,902
May 202003,71916.921.81$6,749
Apr 20201773,86814.751.80$9,590
Mar 202054,58530.341.86$8,663
Feb 202052,22949.881.98$4,664
Jan 202032,45257.252.09$5,308
Dec 20191794,22459.012.30$20,296
Nov 201903,96755.302.75$10,912
Oct 2019123,88353.472.42$10,033
Sep 2019244,28755.052.66$12,713
Aug 2019115,29353.112.30$12,781
Jul 201902,95256.272.46$7,262
Jun 201903,25752.782.49$8,114
May 201903,70458.482.74$10,150
Apr 201904,50962.632.75$12,403
Mar 201905,06556.803.06$15,510
Feb 2019723,81150.852.79$14,302
Jan 201904,59846.033.23$14,843
Dec 201805,43946.594.19$22,765
Nov 201805,20952.934.24$22,072
Oct 201804,77361.443.40$16,219
Sep 201804,73359.543.11$14,710
Aug 20181905,34259.403.07$27,668
Jul 201805,57365.142.93$16,339
Jun 201805,46660.183.08$16,818
May 201805,82465.382.90$16,894
Apr 201805,87063.842.90$17,028
Mar 201806,11061.222.79$17,028
Feb 201803,81661.782.77$10,556
Jan 20181114,99862.874.01$27,017
Dec 2017165,45457.272.92$16,850
Nov 201704,59155.423.12$14,316
Oct 201706,05049.292.98$18,051
Sep 201705,05047.523.09$15,591
Aug 201703,68745.373.00$11,077
Jul 201703,48243.873.09$10,750
Jun 201703,43542.493.09$10,605
May 201705,06245.373.26$16,519
Apr 20171125,51347.933.21$23,074
Mar 201704,76246.772.98$14,208
Feb 201705,76350.452.95$17,016
Jan 201704,93149.413.42$16,858
Dec 201606,85548.763.72$25,520
Nov 201604,52742.492.64$11,971
Oct 201606,97946.193.09$21,567
Sep 201605,39341.553.10$16,722
Aug 201604,73541.442.92$13,847
Jul 20161024,12941.622.92$16,320
Jun 201604,97345.352.69$13,357
May 201605,70742.521.99$11,363
Apr 201604,72836.561.99$9,414
Mar 20161116,09833.011.79$14,604
Feb 201605,89426.472.06$12,163
Jan 201605,63227.352.36$13,316
Dec 2015976,26132.362.00$15,670
Nov 201505,60838.792.17$12,154
Oct 201506,75043.552.43$16,379
Sep 2015845,62642.992.76$19,130
Aug 20151796,47140.162.87$25,777
Jul 201506,90148.152.95$20,324
Jun 20151917,15456.152.88$31,349
May 201504,88655.212.96$14,440
Apr 201503,97349.822.71$10,753
Mar 201507,15642.892.93$21,001
Feb 201505,18344.662.98$15,426
Jan 20151976,61943.433.10$29,079
Dec 201405,54554.693.59$19,914
Nov 201404,67570.464.25$19,877
Oct 201406,91678.303.90$26,979
Sep 201406,45986.164.05$26,130
Aug 201407,16289.394.04$28,900
Jul 201407,39696.564.18$30,912
Jun 201406,86698.164.74$32,523
May 201406,89794.734.73$32,599
Apr 201407,79695.944.81$37,492
Mar 20141848,02595.895.06$58,225
Feb 201407,08697.406.19$43,877
Jan 201407,89790.404.86$38,385
Dec 20131979,03491.824.35$57,427
Nov 201308,33688.853.74$31,162
Oct 201308,09597.423.78$30,594
Sep 20131867,925104.113.72$48,828
Aug 201308,139104.253.52$28,671
Jul 201307,661102.523.72$28,482
Jun 201318812,14294.403.93$65,507
May 201319413,68294.834.15$75,165
Apr 201324612,53293.964.28$76,784
Mar 201319516,58093.623.91$83,131
Feb 2013018,31391.233.42$62,629
Jan 201302,78591.603.42$9,524
Dec 20121959,57986.773.42$49,682
Nov 2012014,91686.953.62$54,070
Oct 201215712,58689.383.40$56,821
Sep 201208,55994.672.92$24,979
Aug 20121739,25092.662.91$42,931
Jul 2012011,69685.133.02$35,331
Jun 201219212,44579.822.52$46,675
May 201219414,70291.612.49$54,356
Apr 2012014,622101.652.00$29,197
Mar 201218716,301105.052.22$55,866
Feb 201219416,509101.102.57$62,045
Jan 201218516,34198.092.73$62,824
Dec 201119716,37596.873.24$72,134
Nov 201119418,65695.723.31$80,345
Oct 201118520,64184.983.65$91,031
Sep 201117220,97583.623.99$97,985
Aug 201119123,04183.404.15$111,534
Jul 201137723,29994.144.52$140,738
Jun 201119123,90792.904.64$128,670
May 201138125,50998.134.40$149,750
Apr 201119226,734105.964.33$136,190
Mar 201135829,41996.364.06$153,860
Feb 201138727,87085.644.18$149,639
Jan 201138933,44786.504.59$187,129
Dec 201038936,69985.734.35$192,907
Nov 201057338,37080.843.80$191,948
Oct 201038943,54578.103.51$183,176
Sep 201055148,00872.633.98$231,066
Aug 201074958,26573.684.42$312,680
Jul 201076375,66872.554.74$413,756
Jun 201095172,05870.364.91$420,746
May 20101,77495,57771.124.24$530,957
Apr 20102,074124,43681.694.12$682,436
Mar 20103,454175,15478.394.39$1,039,452
Feb 20101,941119,46973.585.44$793,012

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                2,586 Mcf  × $  3.05 =     $7,877

────────────────────────────────────────────────────
Month total                                   $7,877

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/254954 is the state's own key, not one this site invented.