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 256021District 04Field 486308002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.3 M
Mar 2010 – May 2026
Value, last 12 filed months
$138 k
at the published price for each month
Months reported
195
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 Gas112010-10-15199851
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
CondensateDisposition32,651 bbl$2,476,912
GasProduction1,768,591 Mcf$6,788,705
Total$9,265,617

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 26.7854, -98.3265. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.78542, -98.32646 · 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
11,490 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 11,490 ft.

Completions filed
Mar 2010
1 of 1 wells

1 well

42-0473241463411,490 ftMar 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 (195)

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

195 months

May 20262211,737106.413.05$28,807
Apr 202601,81098.932.87$5,194
Mar 2026191,87389.753.15$7,604
Feb 2026181,69963.503.75$7,515
Jan 2026191,74859.138.00$15,104
Dec 20252141,90256.664.41$20,519
Nov 2025181,82258.593.93$8,209
Oct 2025191,90459.383.30$7,421
Sep 20251901,65462.743.08$17,010
Aug 2025181,81763.933.01$6,629
Jul 2025191,79666.743.32$7,222
Jun 2025181,70566.483.13$6,531
May 2025181,83560.553.23$7,021
Apr 20251981,80562.363.54$18,743
Mar 2025181,87467.704.27$9,217
Feb 2025191,66370.884.34$8,566
Jan 2025371,89674.324.28$10,862
Dec 2024381,98868.993.12$8,827
Nov 20241902,03669.052.20$17,596
Oct 2024192,08871.372.28$6,120
Sep 2024191,99969.612.36$6,049
Aug 2024182,07975.632.06$5,652
Jul 2024192,03879.932.15$5,893
Jun 2024361,99378.082.63$8,060
May 20241992,31778.812.20$20,777
Apr 2024192,55584.451.66$5,844
Mar 2024192,61580.301.55$5,566
Feb 20242162,33576.091.78$20,600
Jan 2024192,23573.023.30$8,758
Dec 2023362,48871.262.61$9,061
Nov 2023192,23277.892.81$7,746
Oct 2023562,49385.443.09$12,481
Sep 2023202,46989.042.74$8,534
Aug 2023412,60580.522.67$10,264
Jul 2023402,63374.852.64$9,950
Jun 2023372,45768.962.26$8,101
May 2023372,63970.622.23$8,491
Apr 2023202,62178.122.24$7,428
Mar 2023392,68572.852.39$9,267
Feb 20232142,50975.112.47$22,260
Jan 2023352,76276.533.39$12,035
Dec 2022802,71376.415.73$21,656
Nov 202202,59085.005.65$14,624
Oct 2022192,84187.185.86$18,315
Sep 2022382,73284.888.16$25,529
Aug 2022202,96894.529.13$28,980
Jul 2022402,969101.587.54$26,456
Jun 20222402,838115.097.98$50,261
May 202202,923109.378.43$24,650
Apr 2022402,856104.226.84$23,697
Mar 2022562,631108.885.08$19,453
Feb 2022212,42591.054.86$13,695
Jan 2022392,70281.844.54$15,453
Dec 2021192,74671.323.90$12,062
Nov 2021392,82977.435.24$17,835
Oct 20212193,01279.795.71$34,684
Sep 2021192,93269.865.35$17,016
Aug 2021373,12166.024.22$15,615
Jul 2021383,37770.783.98$16,137
Jun 2021193,37769.493.38$12,737
May 2021383,34663.483.02$12,509
Apr 20212103,00960.362.76$20,976
Mar 2021403,25661.302.72$11,298
Feb 2021392,78957.805.55$17,727
Jan 20212243,19550.412.81$20,271
Dec 2020193,28544.642.68$9,637
Nov 2020383,12038.772.71$9,918
Oct 2020373,27236.972.48$9,477
Sep 2020373,14137.091.99$7,626
Aug 20202113,25639.982.39$16,202
Jul 20202012,70638.371.83$12,651
Jun 2020753,39934.901.69$8,363
May 2020193,55916.921.81$6,780
Apr 2020513,48014.751.80$7,031
Mar 2020883,45430.341.86$9,081
Feb 20202573,33049.881.98$19,415
Jan 2020513,52557.252.09$10,304
Dec 2019203,57259.012.30$9,411
Nov 2019193,29155.302.75$10,103
Oct 20192303,85953.472.42$21,631
Sep 2019173,63755.052.66$10,600
Aug 201903,70153.112.30$8,528
Jul 201903,75856.272.46$9,245
Jun 20191843,65852.782.49$18,824
May 201903,79458.482.74$10,397
Apr 201904,11362.632.75$11,314
Mar 201904,20556.803.06$12,876
Feb 20191893,44850.852.79$19,238
Jan 201903,98946.033.23$12,877
Dec 201803,99946.594.19$16,738
Nov 201804,18652.934.24$17,737
Oct 20181924,18861.443.40$26,028
Sep 201804,07059.543.11$12,650
Aug 201803,98959.403.07$12,233
Jul 201804,15265.142.93$12,173
Jun 20181844,05060.183.08$23,535
May 201804,07265.382.90$11,812
Apr 201803,94263.842.90$11,435
Mar 201803,88361.222.79$10,821
Feb 201803,48861.782.77$9,648
Jan 2018993,76362.874.01$21,311
Dec 2017164,12357.272.92$12,962
Nov 201704,04055.423.12$12,598
Oct 20171894,14849.292.98$21,692
Sep 201704,36347.523.09$13,470
Aug 201704,92045.373.00$14,782
Jul 20171824,79843.873.09$22,797
Jun 201704,27542.493.09$13,198
May 2017645,04745.373.26$19,374
Apr 201705,34147.933.21$17,153
Mar 20171875,45946.772.98$25,034
Feb 20171764,93850.452.95$23,459
Jan 201705,14549.413.42$17,590
Dec 201605,37548.763.72$20,010
Nov 201604,97042.492.64$13,142
Oct 201605,05546.193.09$15,621
Sep 2016645,68141.553.10$20,274
Aug 201604,86641.442.92$14,230
Jul 2016614,60841.622.92$16,014
Jun 2016705,12545.352.69$16,939
May 201605,19842.521.99$10,349
Apr 20161114,85736.561.99$13,729
Mar 2016845,42533.011.79$12,505
Feb 2016794,90626.472.06$12,215
Jan 20161795,30527.352.36$17,439
Dec 201505,53032.362.00$11,068
Nov 20151205,16538.792.17$15,849
Oct 201505,40943.552.43$13,125
Sep 20151065,48942.992.76$19,698
Aug 2015725,73740.162.87$19,371
Jul 20151816,03748.152.95$26,495
Jun 20151865,64456.152.88$26,715
May 201505,85855.212.96$17,313
Apr 201505,45349.822.71$14,759
Mar 20151926,12842.892.93$26,219
Feb 201505,63744.662.98$16,777
Jan 201506,05343.433.10$18,768
Dec 20141916,05554.693.59$32,191
Nov 201405,29470.464.25$22,509
Oct 201406,79678.303.90$26,511
Sep 20141935,90586.164.05$40,517
Aug 201406,11889.394.04$24,687
Jul 201406,61496.564.18$27,644
Jun 20141836,40498.164.74$48,298
May 20141926,80594.734.73$50,352
Apr 201406,59495.944.81$31,711
Mar 20141967,15195.895.06$54,956
Feb 201406,61497.406.19$40,954
Jan 20141957,45290.404.86$53,850
Dec 201307,23291.824.35$31,492
Nov 201307,09988.853.74$26,538
Oct 20131706,71597.423.78$41,940
Sep 20131937,175104.113.72$46,768
Aug 201307,117104.253.52$25,070
Jul 20131786,888102.523.72$43,856
Jun 201307,40194.403.93$29,111
May 20131777,64294.834.15$48,492
Apr 20131937,57493.964.28$50,571
Mar 20131848,24993.623.91$49,503
Feb 20131887,80591.233.42$43,844
Jan 20131909,07591.603.42$48,440
Dec 201209,27786.773.42$31,729
Nov 20121918,85186.953.62$48,692
Oct 201219310,06989.383.40$51,482
Sep 2012010,42294.672.92$30,416
Aug 201214811,09992.662.91$45,991
Jul 2012011,31385.133.02$34,174
Jun 201218911,40779.822.52$43,821
May 201219212,45191.612.49$48,571
Apr 201219212,678101.652.00$44,832
Mar 2012013,424105.052.22$29,829
Feb 201215813,314101.102.57$50,194
Jan 201228713,82298.092.73$65,942
Dec 201115715,01096.873.24$63,837
Nov 201119115,09595.723.31$68,266
Oct 201138417,26884.983.65$95,635
Sep 201117817,40983.623.99$84,273
Aug 201131019,48483.404.15$106,699
Jul 201136619,20194.144.52$121,191
Jun 201119119,93692.904.64$110,245
May 201155221,98298.134.40$150,995
Apr 201138123,722105.964.33$143,165
Mar 201137526,66796.364.06$144,332
Feb 201156825,89885.644.18$156,897
Jan 201138832,08786.504.59$180,802
Dec 201058035,97785.734.35$206,142
Nov 201058039,13080.843.80$195,398
Oct 201076845,18078.103.51$218,512
Sep 201076850,60972.633.98$257,177
Aug 20101,14763,95873.684.42$367,164
Jul 20101,13470,73972.554.74$417,326
Jun 20102,007103,78270.364.91$650,824
May 20103,695145,18271.124.24$877,666
Apr 20105,219169,16581.694.12$1,123,755
Mar 201009,17978.394.39$40,284

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           221 bbl  × $106.41 =    $23,517
Gas                1,737 Mcf  × $  3.05 =     $5,291

────────────────────────────────────────────────────
Month total                                  $28,807

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/256021 is the state's own key, not one this site invented.