VAQUILLAS RANCH

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 111244District 04Field 93215400NGPA filingCondensateGasSaveExport
Value, all time
$34 k
Jan 1993 – Feb 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
230
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
CondensateDisposition2 bbl$32
GasProduction20,821 Mcf$33,590
Total$33,622

9,813 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 27.5404, -99.0474. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.54044, -99.04739 · 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
12,155 ft
1 wells filed one
Completion to plug
27.8 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 12,155 ft.

Completions filed
May 1984
1 of 1 wells
Plug dates filed
Mar 2012
1 of 1 wells

Last completion to plug: a median of 27.8 years across the 1 well that filed both dates, with the middle half between 27.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47932426212,155 ftMay 1984Mar 2012Yes

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 (230)

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

230 months

Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
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 20030431.146.10$24
Feb 2003023233.487.93$1,839
Jan 200308330.315.58$463
Dec 200206626.914.85$320
Nov 200205624.664.14$232
Oct 2002013526.464.23$571
Sep 200206227.443.64$225
Aug 200204625.963.16$146
Jul 200207024.583.06$214
Jun 2002029123.733.34$971
May 200204724.663.58$168
Apr 200205723.653.51$200
Mar 2002016122.003.10$500
Feb 200209718.222.38$230
Jan 2002012917.172.38$306
Dec 200108316.932.36$196
Nov 200107718.072.41$185
Oct 2001012219.782.53$309
Sep 2001030324.262.25$682
Aug 2001025224.873.05$769
Jul 2001031623.933.20$1,010
Jun 200106824.563.82$260
May 2001046825.524.31$2,016
Apr 2001032824.685.34$1,750
Mar 200109224.545.38$495
Feb 200107227.755.77$415
Jan 200106627.478.40$554
Dec 200005626.889.12$511
Nov 200006132.215.66$345
Oct 2000011731.235.15$602
Sep 200008831.875.19$456
Aug 2000011329.644.54$513
Jul 2000010528.534.09$429
Jun 2000010529.304.40$462
May 2000011127.263.68$408
Apr 200008924.513.12$277
Mar 200009428.422.86$269
Feb 200009027.622.73$245
Jan 200008225.272.48$203
Dec 199908724.282.42$211
Nov 199909923.192.43$241
Oct 199908720.982.80$244
Sep 1999029921.752.62$783
Aug 1999023419.262.88$673
Jul 1999010217.892.37$242
Jun 199903915.942.36$92
May 199904715.792.32$109
Apr 199907115.102.21$157
Mar 1999012112.471.84$222
Feb 199901549.981.82$280
Jan 1999026310.381.90$500
Dec 19980799.201.77$140
Nov 1998021010.892.19$459
Oct 1998038912.421.97$766
Sep 1998041712.592.08$868
Aug 1998079111.301.91$1,509
Jul 1998023611.742.24$528
Jun 199806711.242.24$150
May 199807912.622.21$174
Apr 199808513.042.51$213
Mar 199806212.802.31$143
Feb 1998012413.952.30$285
Jan 1998015714.702.15$338
Dec 1997014816.322.41$357
Nov 1997014518.193.09$448
Oct 1997012019.253.15$378
Sep 1997015817.742.95$467
Aug 1997016717.862.55$427
Jul 1997020917.582.25$470
Jun 1997014017.242.26$316
May 1997015418.972.31$356
Apr 1997016517.882.08$344
Mar 1997020518.951.94$398
Feb 1997014520.492.21$320
Jan 199705923.483.54$209
Dec 199601523.32$0
Nov 199602021.97$0
Oct 199605123.31$0
Sep 1996023922.22$0
Aug 1996013120.26$0
Jul 199609219.55$0
Jun 1996040018.73$0
May 19960319.43$0
Apr 199602321.51$0
Mar 199607119.38$0
Feb 199607916.98$0
Jan 1996135817.07$17
Dec 1995015817.19$0
Nov 1995013516.00$0
Oct 1995014715.43$0
Sep 1995018816.18$0
Aug 1995025615.92$0
Jul 1995115515.24$15
Jun 1995031816.41$0
May 1995011717.56$0
Apr 1995017317.73$0
Mar 1995044316.44$0
Feb 1995022516.58$0
Jan 1995019915.92$0
Dec 1994018315.03$0
Nov 1994020415.90$0
Oct 1994023415.58$0
Sep 1994022615.29$0
Aug 1994024816.13$0
Jul 1994011217.56$0
Jun 1994039417.09$0
May 1994064515.88$0
Apr 1994017214.14$0
Mar 1994012012.46$0
Feb 1994017312.50$0
Jan 1994017712.66$0
Dec 199306112.33$0
Nov 1993011714.49$0
Oct 1993014515.85$0
Sep 1993010115.03$0
Aug 1993021715.66$0
Jul 1993022415.46$0
Jun 1993039416.79$0
May 1993021217.68$0
Apr 1993036718.05$0
Mar 1993030918.14$0
Feb 1993035017.90$0
Jan 1993043216.93$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.

Mar 2003 — as filed, then multipliedworked
Condensate             0 bbl  × $ 31.14 =         $0
Gas                    4 Mcf  × $  6.10 =        $24

────────────────────────────────────────────────────
Month total                                      $24

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/111244 is the state's own key, not one this site invented.