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 115374District 04Field 93215400NGPA filingCondensateGasSaveExport
Value, all time
$312 k
Jan 1993 – Nov 2005
Value, last 12 filed months
$0
at the published price for each month
Months reported
155
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
CondensateDisposition56 bbl$1,017
GasProduction202,267 Mcf$311,459
Total$312,476

104,786 Mcf of this lease's gas, across 38 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 27.5556, -99.0552. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.55562, -99.05522 · 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
12,080 ft
1 wells filed one
Completion to plug
7.7 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 12,080 ft.

Completions filed
Mar 1998
1 of 1 wells
Plug dates filed
Nov 2005
1 of 1 wells

Last completion to plug: a median of 7.7 years across the 1 well that filed both dates, with the middle half between 7.7 years and 7.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47932530312,080 ftMar 1998Nov 2005Yes

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 (155)

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

155 months

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 200304431.146.10$268
Feb 2003024633.487.93$1,950
Jan 20030030.315.58$0
Dec 2002018026.914.85$874
Nov 2002040424.664.14$1,671
Oct 2002066526.464.23$2,812
Sep 2002079127.443.64$2,875
Aug 2002097225.963.16$3,076
Jul 200201,05924.583.06$3,242
Jun 200201,00923.733.34$3,368
May 200201,19324.663.58$4,276
Apr 2002094823.653.51$3,330
Mar 200201,10822.003.10$3,438
Feb 200201,00518.222.38$2,388
Jan 200201,07217.172.38$2,547
Dec 200101,21716.932.36$2,877
Nov 2001096518.072.41$2,321
Oct 200101,14419.782.53$2,893
Sep 2001078324.262.25$1,763
Aug 2001091024.873.05$2,778
Jul 200101,01723.933.20$3,251
Jun 200101,03524.563.82$3,958
May 2001093225.524.31$4,014
Apr 200101,49324.685.34$7,966
Mar 200101,54724.545.38$8,317
Feb 200101,38827.755.77$8,005
Jan 200101,70827.478.40$14,345
Dec 200001,64426.889.12$14,997
Nov 200001,61532.215.66$9,138
Oct 200001,58431.235.15$8,150
Sep 200002,06931.875.19$10,731
Aug 200002,10829.644.54$9,572
Jul 200001,79328.534.09$7,333
Jun 200001,49429.304.40$6,569
May 200001,66627.263.68$6,130
Apr 200001,62124.513.12$5,051
Mar 200001,75028.422.86$5,005
Feb 200001,61227.622.73$4,395
Jan 200001,80325.272.48$4,472
Dec 199901,92524.282.42$4,666
Nov 199901,69223.192.43$4,118
Oct 199901,69120.982.80$4,741
Sep 199901,60521.752.62$4,203
Aug 199901,74519.262.88$5,018
Jul 199901,75917.892.37$4,173
Jun 199901,59615.942.36$3,770
May 199901,59415.792.32$3,700
Apr 199901,62515.102.21$3,588
Mar 199901,75612.471.84$3,228
Feb 199901,8129.981.82$3,294
Jan 199902,30710.381.90$4,383
Dec 199802,2179.201.77$3,931
Nov 199801,38910.892.19$3,036
Oct 199801,14512.421.97$2,255
Sep 199801,06312.592.08$2,214
Aug 1998094711.301.91$1,806
Jul 1998097811.742.24$2,188
Jun 1998088811.242.24$1,987
May 1998096712.622.21$2,134
Apr 199801,08413.042.51$2,716
Mar 199801,08212.802.31$2,499
Feb 199801,09413.952.30$2,515
Jan 199801,20214.702.15$2,590
Dec 1997079516.322.41$1,917
Nov 199701,18918.193.09$3,672
Oct 199701,05719.253.15$3,329
Sep 199701,22717.742.95$3,626
Aug 1997083717.862.55$2,138
Jul 199701,21717.582.25$2,735
Jun 199701,06417.242.26$2,402
May 199701,23818.972.31$2,858
Apr 199701,70717.882.08$3,555
Mar 199702,13718.951.94$4,144
Feb 199722,16120.492.21$4,808
Jan 199732,09523.483.54$7,486
Dec 199612,66123.32$23
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 1996514117.07$85
Dec 1995157717.19$17
Nov 1995054416.00$0
Oct 1995260915.43$31
Sep 1995255416.18$32
Aug 1995051815.92$0
Jul 1995062315.24$0
Jun 1995065916.41$0
May 1995070417.56$0
Apr 1995055917.73$0
Mar 1995074216.44$0
Feb 1995063016.58$0
Jan 1995070615.92$0
Dec 1994079615.03$0
Nov 1994070915.90$0
Oct 1994095215.58$0
Sep 199401,31815.29$0
Aug 199404,31216.13$0
Jul 199404,00117.56$0
Jun 199405,12617.09$0
May 199405,05415.88$0
Apr 199405,08814.14$0
Mar 199404,73012.46$0
Feb 199403,60112.50$0
Jan 199416,19012.66$13
Dec 199306,47512.33$0
Nov 199304,73414.49$0
Oct 199304,59615.85$0
Sep 199304,06815.03$0
Aug 199304,68115.66$0
Jul 199303,56715.46$0
Jun 199304,63316.79$0
May 199303,99817.68$0
Apr 1993383,95018.05$686
Mar 199313,92818.14$18
Feb 199303,70517.90$0
Jan 199304,34716.93$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                   44 Mcf  × $  6.10 =       $268

────────────────────────────────────────────────────
Month total                                     $268

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/115374 is the state's own key, not one this site invented.