RANCHO CULLEN UNIT

Name: RANCHO CULLEN UNIT lease production and value, May 2008 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MAGNUM PRODUCING, LP (P-5 521516) in the LOMITA (WILCOX 8200 SD.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 254241District 03Field 54540500CondensateGasSave Export

Value, all time

$15.0 M

May 2008 – Feb 2016

Value, last 12 filed months

$254 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The LOMITA (WILCOX 8200 SD.) field

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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered

2008-05-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	120,233 bbl	$10,536,870
Gas	Production	1,192,649 Mcf	$4,500,065
Total			$15,036,935

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 29.7873, -96.6489. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.78733, -96.64892 · 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

10,000 ft

1 wells filed one

Completion to plug

—

1 well filed both, dated out of order

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 10,000 ft.

Completions filed

Aug 2017

1 of 1 wells

Plug dates filed

Oct 2000

1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-08932129	2	10,000 ft	Aug 2017	Oct 2000	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 (94)

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

94 months


Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	262	0	56.15	2.88	$14,711
May 2015	1,932	3,954	55.21	2.96	$118,352
Apr 2015	716	346	49.82	2.71	$36,608
Mar 2015	1,610	5,327	42.89	2.93	$84,686
Feb 2015	2,466	8,591	44.66	2.98	$135,700
Jan 2015	2,816	9,500	43.43	3.10	$151,755
Dec 2014	2,667	10,866	54.69	3.59	$184,882
Nov 2014	2,902	11,127	70.46	4.25	$251,785
Oct 2014	2,856	3,098	78.30	3.90	$235,710
Sep 2014	3,054	11,357	86.16	4.05	$309,077
Aug 2014	3,171	11,919	89.39	4.04	$331,550
Jul 2014	3,203	12,054	96.56	4.18	$359,663
Jun 2014	2,668	11,789	98.16	4.74	$317,734
May 2014	3,035	12,194	94.73	4.73	$345,141
Apr 2014	2,850	12,242	95.94	4.81	$332,302
Mar 2014	3,054	11,420	95.89	5.06	$350,597
Feb 2014	2,344	9,033	97.40	6.19	$284,238
Jan 2014	2,872	9,784	90.40	4.86	$307,186
Dec 2013	2,652	10,498	91.82	4.35	$289,220
Nov 2013	2,695	12,247	88.85	3.74	$285,233
Oct 2013	3,010	12,633	97.42	3.78	$340,979
Sep 2013	2,425	12,596	104.11	3.72	$299,295
Aug 2013	2,781	13,555	104.25	3.52	$337,668
Jul 2013	2,587	13,963	102.52	3.72	$317,130
Jun 2013	2,617	13,820	94.40	3.93	$301,405
May 2013	2,769	14,562	94.83	4.15	$323,003
Apr 2013	2,211	15,074	93.96	4.28	$272,301
Mar 2013	2,564	15,606	93.62	3.91	$301,106
Feb 2013	2,249	15,118	91.23	3.42	$256,878
Jan 2013	2,576	17,670	91.60	3.42	$296,391
Dec 2012	2,251	18,955	86.77	3.42	$260,148
Nov 2012	2,260	19,368	86.95	3.62	$266,715
Oct 2012	2,228	20,592	89.38	3.40	$269,145
Sep 2012	2,077	20,440	94.67	2.92	$256,282
Aug 2012	1,915	22,388	92.66	2.91	$242,552
Jul 2012	2,090	23,705	85.13	3.02	$249,530
Jun 2012	2,084	24,756	79.82	2.52	$228,706
May 2012	1,709	24,778	91.61	2.49	$218,217
Apr 2012	2,130	27,006	101.65	2.00	$270,440
Mar 2012	1,584	26,481	105.05	2.22	$225,242
Feb 2012	1,575	28,012	101.10	2.57	$231,230
Jan 2012	1,536	30,322	98.09	2.73	$233,569
Dec 2011	1,526	33,352	96.87	3.24	$255,875
Nov 2011	1,391	33,099	95.72	3.31	$242,747
Oct 2011	1,602	36,328	84.98	3.65	$268,682
Sep 2011	1,237	36,091	83.62	3.99	$247,289
Aug 2011	1,416	38,642	83.40	4.15	$278,432
Jul 2011	1,427	40,339	94.14	4.52	$316,559
Jun 2011	1,423	40,110	92.90	4.64	$318,302
May 2011	1,611	43,043	98.13	4.40	$347,684
Apr 2011	1,441	37,000	105.96	4.33	$313,020
Mar 2011	1,447	44,006	96.36	4.06	$317,980
Feb 2011	1,443	38,244	85.64	4.18	$283,438
Jan 2011	1,469	43,488	86.50	4.59	$326,625
Dec 2010	1,079	28,795	85.73	4.35	$217,696
Nov 2010	894	25,542	80.84	3.80	$169,211
Oct 2010	709	19,364	78.10	3.51	$123,319
Sep 2010	355	11,891	72.63	3.98	$73,104
Aug 2010	355	13,328	73.68	4.42	$85,058
Jul 2010	355	12,692	72.55	4.74	$85,871
Jun 2010	0	8,549	70.36	4.91	$41,979
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0

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.

Jun 2015 — as filed, then multipliedworked

Condensate           262 bbl  × $ 56.15 =    $14,711
Gas                    0 Mcf  × $  2.88 =         $0

────────────────────────────────────────────────────
Month total                                  $14,711

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/254241 is the state's own key, not one this site invented.