RANCHO CULLEN

Name: RANCHO CULLEN lease production and value, Feb 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MAGNUM PRODUCING, LP (P-5 ) in the LOMITA (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 172796District 03Field 000000002 tax incentive programmesCondensateGasSave Export

Value, all time

$4.7 M

Feb 1999 – Oct 2011

Value, last 12 filed months

$20

at the published price for each month

Months reported

151

2 months not filed

Streams

condensate, gas

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2000-05-23	141812
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	289 bbl	$7,067
Gas	Production	1,349,401 Mcf	$4,727,670
Total			$4,734,737

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 29.7875, -96.6595. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.78748, -96.65952 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

14,754 ft

1 wells filed one

Completion to plug

12.4 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 14,754 ft.

Completions filed

Feb 1999

1 of 1 wells

Plug dates filed

Jul 2011

1 of 1 wells

Last completion to plug: a median of 12.4 years across the 1 well that filed both dates, with the middle half between 12.4 years and 12.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-08932098	1H	14,754 ft	Feb 1999	Jul 2011	Yes

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 (151)

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

151 months


Oct 2011	0	0	84.98	3.65	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	5	72.63	3.98	$20
Aug 2010	0	27	73.68	4.42	$119
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	1,131	70.36	4.91	$5,554
May 2010	0	303	71.12	4.24	$1,283
Apr 2010	0	405	81.69	4.12	$1,670
Mar 2010	0	624	78.39	4.39	$2,739
Feb 2010	0	765	73.58	5.44	$4,163
Jan 2010	0	326	74.36	5.96	$1,944
Dec 2009	0	548	71.44	5.48	$3,005
Nov 2009	4	982	74.59	3.75	$3,982
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	591	65.54	3.06	$1,811
Aug 2009	0	20	67.42	3.22	$64
Jul 2009	0	234	61.13	3.46	$811
Jun 2009	0	696	66.16	3.90	$2,711
May 2009	2	983	54.74	3.93	$3,968
Apr 2009	1	336	46.77	3.59	$1,252
Mar 2009	0	1,347	42.14	4.06	$5,467
Feb 2009	1	1,378	32.81	4.63	$6,417
Jan 2009	0	1,875	35.86	5.37	$10,071
Dec 2008	0	577	37.10	5.98	$3,449
Nov 2008	1	882	55.49	6.86	$6,106
Oct 2008	0	1,445	75.24	6.92	$10,002
Sep 2008	0	1,421	101.76	7.88	$11,193
Aug 2008	2	1,561	114.22	8.48	$13,470
Jul 2008	0	1,638	131.08	11.39	$18,656
Jun 2008	1	1,604	131.33	13.03	$21,036
May 2008	0	1,743	123.17	11.57	$20,174
Apr 2008	6	2,355	110.31	10.45	$25,283
Mar 2008	0	232	101.90	9.66	$2,242
Feb 2008	0	59	92.53	8.77	$517
Jan 2008	0	1,296	90.38	8.21	$10,635
Dec 2007	0	2,036	88.33	7.30	$14,867
Nov 2007	1	2,482	91.67	7.29	$18,190
Oct 2007	1	1,746	82.85	6.92	$12,169
Sep 2007	1	1,740	75.84	6.24	$10,941
Aug 2007	2	974	69.06	6.39	$6,360
Jul 2007	5	1,793	70.90	6.39	$11,808
Jun 2007	0	1,756	62.00	7.55	$13,255
May 2007	3	2,204	58.74	7.85	$17,469
Apr 2007	4	2,204	59.61	7.81	$17,441
Mar 2007	1	2,354	56.92	7.30	$17,246
Feb 2007	0	295	55.10	8.22	$2,424
Jan 2007	5	2,200	50.30	6.73	$15,051
Dec 2006	2	2,204	56.65	6.92	$15,362
Nov 2006	0	871	54.20	7.62	$6,635
Oct 2006	2	2,072	54.90	6.01	$12,570
Sep 2006	0	2,034	60.08	5.04	$10,246
Aug 2006	1	1,944	68.71	7.34	$14,338
Jul 2006	2	2,327	69.37	6.34	$14,898
Jun 2006	0	2,530	66.28	6.38	$16,151
May 2006	2	2,830	66.01	6.42	$18,315
Apr 2006	0	2,919	64.39	7.36	$21,485
Mar 2006	0	3,111	56.70	7.08	$22,035
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	1	4,572	60.59	8.93	$40,904
Dec 2005	3	3,971	54.94	13.42	$53,437
Nov 2005	0	21	54.69	10.59	$222
Oct 2005	4	237	58.34	13.80	$3,503
Sep 2005	0	258	61.45	12.08	$3,116
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	37	52.33	7.38	$273
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	25	49.20	7.36	$184
Mar 2005	1	2,617	50.37	7.15	$18,775
Feb 2005	1	3,133	45.22	6.31	$19,820
Jan 2005	1	3,495	43.16	6.32	$22,139
Dec 2004	0	4,652	39.86	6.75	$31,406
Nov 2004	0	1,546	45.28	6.33	$9,787
Oct 2004	0	1,158	49.70	6.52	$7,544
Sep 2004	0	2,391	43.24	5.28	$12,634
Aug 2004	0	2,432	42.37	5.55	$13,499
Jul 2004	0	4,963	38.28	6.08	$30,196
Jun 2004	0	1,718	36.10	6.43	$11,052
May 2004	0	6,392	37.48	6.49	$41,513
Apr 2004	0	737	34.47	5.86	$4,318
Mar 2004	0	1,135	34.36	5.53	$6,277
Feb 2004	0	4,157	32.45	5.51	$22,903
Jan 2004	0	2,536	32.03	6.30	$15,976
Dec 2003	0	4,516	30.26	6.30	$28,458
Nov 2003	0	2,552	28.80	4.60	$11,727
Oct 2003	0	3,990	28.17	4.76	$18,991
Sep 2003	0	7,485	26.31	4.75	$35,549
Aug 2003	0	4,358	29.76	5.13	$22,355
Jul 2003	0	285	29.41	5.17	$1,474
Jun 2003	0	6,753	28.56	5.98	$40,403
May 2003	0	1,355	26.59	5.97	$8,093
Apr 2003	0	4,560	26.67	5.41	$24,657
Mar 2003	0	5,521	31.14	6.10	$33,656
Feb 2003	0	5,119	33.48	7.93	$40,573
Jan 2003	0	4,732	30.31	5.58	$26,414
Dec 2002	0	5,105	26.91	4.85	$24,778
Nov 2002	0	5,577	24.66	4.14	$23,072
Oct 2002	0	6,183	26.46	4.23	$26,149
Sep 2002	0	5,716	27.44	3.64	$20,779
Aug 2002	0	5,735	25.96	3.16	$18,146
Jul 2002	0	6,617	24.58	3.06	$20,260
Jun 2002	0	5,924	23.73	3.34	$19,776
May 2002	0	7,311	24.66	3.58	$26,203
Apr 2002	0	6,410	23.65	3.51	$22,514
Mar 2002	0	8,093	22.00	3.10	$25,110
Feb 2002	0	7,207	18.22	2.38	$17,122
Jan 2002	8	8,075	17.17	2.38	$19,321
Dec 2001	1	7,882	16.93	2.36	$18,653
Nov 2001	3	9,172	18.07	2.41	$22,118
Oct 2001	3	9,959	19.78	2.53	$25,244
Sep 2001	0	10,458	24.26	2.25	$23,544
Aug 2001	0	10,841	24.87	3.05	$33,099
Jul 2001	0	11,308	23.93	3.20	$36,153
Jun 2001	0	12,661	24.56	3.82	$48,418
May 2001	0	15,093	25.52	4.31	$65,010
Apr 2001	0	18,090	24.68	5.34	$96,516
Mar 2001	0	7,814	24.54	5.38	$42,012
Feb 2001	0	12,919	27.75	5.77	$74,505
Jan 2001	0	12,924	27.47	8.40	$108,546
Dec 2000	0	16,874	26.88	9.12	$153,933
Nov 2000	0	12,611	32.21	5.66	$71,353
Oct 2000	0	16,726	31.23	5.15	$86,064
Sep 2000	0	18,854	31.87	5.19	$97,786
Aug 2000	0	15,992	29.64	4.54	$72,616
Jul 2000	0	18,293	28.53	4.09	$74,814
Jun 2000	0	20,731	29.30	4.40	$91,159
May 2000	0	18,079	27.26	3.68	$66,526
Apr 2000	0	23,915	24.51	3.12	$74,519
Mar 2000	1	24,722	28.42	2.86	$70,727
Feb 2000	1	33,867	27.62	2.73	$92,366
Jan 2000	2	34,678	25.27	2.48	$86,069
Dec 1999	3	36,097	24.28	2.42	$87,562
Nov 1999	4	41,076	23.19	2.43	$100,071
Oct 1999	1	46,912	20.98	2.80	$131,549
Sep 1999	5	47,205	21.75	2.62	$123,732
Aug 1999	5	60,664	19.26	2.88	$174,542
Jul 1999	4	73,367	17.89	2.37	$174,125
Jun 1999	17	89,753	15.94	2.36	$212,277
May 1999	0	118,298	15.79	2.32	$274,572
Apr 1999	10	117,466	15.10	2.21	$259,522
Mar 1999	8	35,575	12.47	1.84	$65,498
Feb 1999	152	35,148	9.98	1.82	$65,409

Not filed, and not zero: Aug 2011 – Sep 2011 (2 months). The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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.

Sep 2010 — as filed, then multipliedworked

Condensate             0 bbl  × $ 72.63 =         $0
Gas                    5 Mcf  × $  3.98 =        $20

────────────────────────────────────────────────────
Month total                                      $20

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. 03/G/172796 is the state's own key, not one this site invented.