LUNDELL

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the VAQUILLAS RANCH (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 107071District 04Field 93215400NGPA filingCondensateGasSaveExport
Value, all time
$750 k
Jan 1993 – Jun 2009
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
198
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 909 leases and 909 wells, and the rule below applies to all of them.

Discovered
1998-02-24
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 2010-11-02.

The Commission's schedule remark for this field reads: NO P-15 OR PLAT REQUIRED.

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
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
CondensateDisposition16,470 bbl$268,786
GasProduction639,918 Mcf$481,417
Total$750,202

448,933 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.6487, -99.0615. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.64872, -99.06155 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,676 ft
1 wells filed one
Completion to plug
3.4 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 10,676 ft.

Completions filed
Jan 2006
1 of 1 wells
Plug dates filed
Jun 2009
1 of 1 wells

Last completion to plug: a median of 3.4 years across the 1 well that filed both dates, with the middle half between 3.4 years and 3.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793356224T10,676 ftJan 2006Jun 2009Yes

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 (198)

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

198 months

Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090442.144.06$16
Feb 200904232.814.63$195
Jan 200902635.865.37$140
Dec 200802937.105.98$173
Nov 200803255.496.86$220
Oct 200803675.246.92$249
Sep 2008038101.767.88$299
Aug 2008094114.228.48$797
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200804123.1711.57$46
Apr 2008032110.3110.45$335
Mar 2008069101.909.66$667
Feb 20080092.538.77$0
Jan 200803090.388.21$246
Dec 200705388.337.30$387
Nov 200703291.677.29$233
Oct 200703582.856.92$242
Sep 200703875.846.24$237
Aug 200709869.066.39$626
Jul 20070070.906.39$0
Jun 20070662.007.55$45
May 200702058.747.85$157
Apr 200702859.617.81$219
Mar 200704556.927.30$329
Feb 200707055.108.22$575
Jan 20070050.306.73$0
Dec 200605056.656.92$346
Nov 200605054.207.62$381
Oct 200602154.906.01$126
Sep 200605760.085.04$287
Aug 200608268.717.34$602
Jul 200607269.376.34$457
Jun 200607866.286.38$498
May 200602666.016.42$167
Apr 200603064.397.36$221
Mar 200609256.707.08$652
Feb 200603657.597.75$279
Jan 2006018860.598.93$1,679
Dec 2005024954.9413.42$3,340
Nov 2005010554.6910.59$1,112
Oct 200503258.3413.80$441
Sep 2005011161.4512.08$1,341
Aug 200503161.519.80$304
Jul 2005018055.697.84$1,412
Jun 2005015452.337.38$1,137
May 200509545.226.65$632
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 199916715.792.32$171
Apr 199915615.102.21$139
Mar 199916412.471.84$130
Feb 19993339.981.82$90
Jan 1999502710.381.90$570
Dec 19980329.201.77$57
Nov 19980410.892.19$9
Oct 199803212.421.97$63
Sep 1998171212.592.08$239
Aug 1998558,03111.301.91$15,939
Jul 199809,32611.742.24$20,865
Jun 19981549,45611.242.24$22,887
May 199809,71712.622.21$21,439
Apr 199809,86013.042.51$24,703
Mar 199815010,31012.802.31$25,730
Feb 199808,84713.952.30$20,340
Jan 19981437,66614.702.15$18,621
Dec 199708,60716.322.41$20,752
Nov 19971289,33518.193.09$31,157
Oct 1997010,61519.253.15$33,435
Sep 19971629,73217.742.95$31,631
Aug 1997010,37217.862.55$26,498
Jul 199714910,47417.582.25$26,154
Jun 1997010,18217.242.26$22,983
May 19971338,06518.972.31$21,141
Apr 19971058,88817.882.08$20,389
Mar 199712710,73118.951.94$23,216
Feb 19971368,34520.492.21$21,195
Jan 199759,49923.483.54$33,741
Dec 199615011,18523.32$3,498
Nov 19961379,90221.97$3,010
Oct 199612811,19823.31$2,984
Sep 199610111,72522.22$2,244
Aug 1996809,60120.26$1,621
Jul 199610712,28019.55$2,092
Jun 199615411,37118.73$2,884
May 199610112,14519.43$1,962
Apr 199625712,72421.51$5,528
Mar 19961319,48619.38$2,539
Feb 199628812,48216.98$4,890
Jan 199618114,05117.07$3,090
Dec 199527514,96417.19$4,727
Nov 199529715,43716.00$4,752
Oct 1995828,88715.43$1,265
Sep 19952094,88716.18$3,382
Aug 19951105,39815.92$1,751
Jul 19952755,83915.24$4,191
Jun 19951225,69516.41$2,002
May 19952156,26517.56$3,775
Apr 19951435,52817.73$2,535
Mar 19952135,78016.44$3,502
Feb 19952865,50116.58$4,742
Jan 19953556,44515.92$5,652
Dec 19942626,76115.03$3,938
Nov 19942466,80115.90$3,911
Oct 19942087,22715.58$3,241
Sep 19943887,00015.29$5,933
Aug 19942597,25416.13$4,178
Jul 19943597,51817.56$6,304
Jun 19941987,39817.09$3,384
May 19941337,78915.88$2,112
Apr 19944107,34014.14$5,797
Mar 19943277,79412.46$4,074
Feb 19943787,62312.50$4,725
Jan 19945199,45412.66$6,571
Dec 199347210,21212.33$5,820
Nov 19936749,32314.49$9,766
Oct 19936389,22615.85$10,112
Sep 19934878,81415.03$7,320
Aug 19936279,22715.66$9,819
Jul 19935659,92415.46$8,735
Jun 19936468,96816.79$10,846
May 19936739,83917.68$11,899
Apr 19936749,88118.05$12,166
Mar 19933309,31618.14$5,986
Feb 199355014,68717.90$9,845
Jan 199353020,78116.93$8,973

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.

Mar 2009 — as filed, then multipliedworked
Condensate             0 bbl  × $ 42.14 =         $0
Gas                    4 Mcf  × $  4.06 =        $16

────────────────────────────────────────────────────
Month total                                      $16

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/107071 is the state's own key, not one this site invented.