BENAVIDES, CARLOS

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the PICOSO (CARRIZO 7800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 115551District 04Field 71385100NGPA filingCondensateGasSaveExport
Value, all time
$156 k
Jan 1993 – Jul 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
283
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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered
1984-01-22
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOC. FORM. SUSP. ADMIN. EFF 6-1-93.

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
CondensateDisposition85 bbl$2,105
GasProduction155,449 Mcf$154,035
Total$156,140

114,533 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 27.5389, -98.9347. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.53892, -98.93473 · 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
8,688 ft
1 wells filed one
Completion to plug
31.3 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 8,688 ft.

Completions filed
Mar 1985
1 of 1 wells
Plug dates filed
Jul 2016
1 of 1 wells

Last completion to plug: a median of 31.3 years across the 1 well that filed both dates, with the middle half between 31.3 years and 31.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793403858,688 ftMar 1985Jul 2016Yes

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 (283)

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

283 months

Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
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 20091046.773.59$47
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 200830131.0811.39$393
Jun 200800131.3313.03$0
May 20080119123.1711.57$1,377
Apr 20080142110.3110.45$1,485
Mar 2008099101.909.66$957
Feb 200801892.538.77$158
Jan 20080090.388.21$0
Dec 200703488.337.30$248
Nov 200702191.677.29$153
Oct 200703782.856.92$256
Sep 200702275.846.24$137
Aug 2007010569.066.39$671
Jul 200704270.906.39$268
Jun 200708962.007.55$672
May 20070858.747.85$63
Apr 200703559.617.81$273
Mar 200701056.927.30$73
Feb 200702055.108.22$164
Jan 200703450.306.73$229
Dec 200603556.656.92$242
Nov 2006010654.207.62$807
Oct 200605454.906.01$325
Sep 20063060.085.04$180
Aug 2006010968.717.34$800
Jul 2006010869.376.34$685
Jun 2006011966.286.38$760
May 2006011166.016.42$713
Apr 2006013564.397.36$994
Mar 2006011456.707.08$807
Feb 200639257.597.75$886
Jan 2006012960.598.93$1,152
Dec 2005015754.9413.42$2,106
Nov 2005020954.6910.59$2,213
Oct 2005022058.3413.80$3,035
Sep 2005014861.4512.08$1,788
Aug 2005013961.519.80$1,362
Jul 2005012955.697.84$1,012
Jun 2005010552.337.38$775
May 2005011045.226.65$732
Apr 2005013049.207.36$957
Mar 2005014650.377.15$1,045
Feb 2005110645.226.31$714
Jan 2005012143.166.32$765
Dec 2004015939.866.75$1,073
Nov 2004020045.286.33$1,266
Oct 2004015949.706.52$1,036
Sep 2004017043.245.28$898
Aug 2004017142.375.55$949
Jul 2004017438.286.08$1,059
Jun 2004017636.106.43$1,132
May 2004015037.486.49$974
Apr 2004031434.475.86$1,840
Mar 2004017134.365.53$946
Feb 2004016332.455.51$898
Jan 2004032332.036.30$2,035
Dec 2003127530.266.30$1,763
Nov 20030028.804.60$0
Oct 2003012928.174.76$614
Sep 2003026826.314.75$1,273
Aug 2003027929.765.13$1,431
Jul 2003027429.415.17$1,417
Jun 2003028828.565.98$1,723
May 2003031126.595.97$1,858
Apr 2003017126.675.41$925
Mar 2003028631.146.10$1,743
Feb 2003024233.487.93$1,918
Jan 2003029430.315.58$1,641
Dec 2002029526.914.85$1,432
Nov 2002026524.664.14$1,096
Oct 2002025826.464.23$1,091
Sep 2002024427.443.64$887
Aug 2002026825.963.16$848
Jul 2002029224.583.06$894
Jun 2002030323.733.34$1,011
May 2002028624.663.58$1,025
Apr 2002028723.653.51$1,008
Mar 2002027322.003.10$847
Feb 2002025418.222.38$603
Jan 2002028517.172.38$677
Dec 2001031316.932.36$740
Nov 2001028518.072.41$686
Oct 2001027719.782.53$701
Sep 2001028424.262.25$639
Aug 2001129724.873.05$932
Jul 2001031023.933.20$991
Jun 2001028024.563.82$1,071
May 2001031125.524.31$1,340
Apr 2001030224.685.34$1,611
Mar 2001029224.545.38$1,570
Feb 2001129827.755.77$1,746
Jan 2001019327.478.40$1,621
Dec 2000026426.889.12$2,408
Nov 2000033132.215.66$1,873
Oct 2000032831.235.15$1,688
Sep 2000033531.875.19$1,737
Aug 2000034229.644.54$1,553
Jul 2000038328.534.09$1,566
Jun 2000036929.304.40$1,623
May 2000041927.263.68$1,542
Apr 2000040524.513.12$1,262
Mar 2000136028.422.86$1,058
Feb 2000035427.622.73$965
Jan 2000022725.272.48$563
Dec 1999026024.282.42$630
Nov 1999018323.192.43$445
Oct 1999029520.982.80$827
Sep 1999015021.752.62$393
Aug 1999031219.262.88$897
Jul 1999327717.892.37$711
Jun 1999062115.942.36$1,467
May 1999077015.792.32$1,787
Apr 1999064515.102.21$1,424
Mar 1999080112.471.84$1,473
Feb 199907769.981.82$1,411
Jan 1999080910.381.90$1,537
Dec 199817049.201.77$1,258
Nov 1998059410.892.19$1,298
Oct 1998053712.421.97$1,057
Sep 1998046212.592.08$962
Aug 1998154811.301.91$1,057
Jul 1998056911.742.24$1,273
Jun 1998031211.242.24$698
May 1998043012.622.21$949
Apr 1998045813.042.51$1,147
Mar 1998154512.802.31$1,271
Feb 1998049913.952.30$1,147
Jan 1998062414.702.15$1,345
Dec 1997072216.322.41$1,741
Nov 1997064018.193.09$1,976
Oct 1997170019.253.15$2,224
Sep 1997066017.742.95$1,950
Aug 1997074517.862.55$1,903
Jul 1997081317.582.25$1,827
Jun 1997085817.242.26$1,937
May 1997094418.972.31$2,179
Apr 1997179017.882.08$1,663
Mar 1997083418.951.94$1,617
Feb 1997270120.492.21$1,587
Jan 1997064523.483.54$2,283
Dec 1996177523.32$23
Nov 1996086421.97$0
Oct 1996090323.31$0
Sep 1996085222.22$0
Aug 1996082420.26$0
Jul 199611,15419.55$20
Jun 199611,08318.73$19
May 199601,10519.43$0
Apr 199611,17821.51$22
Mar 199601,25119.38$0
Feb 199601,21816.98$0
Jan 199601,39517.07$0
Dec 199501,27117.19$0
Nov 199511,52616.00$16
Oct 199501,37015.43$0
Sep 199501,47416.18$0
Aug 199511,51015.92$16
Jul 199501,67115.24$0
Jun 199501,81116.41$0
May 199502,50717.56$0
Apr 199521,90217.73$35
Mar 199502,07716.44$0
Feb 199511,99116.58$17
Jan 199512,51415.92$16
Dec 199412,68515.03$15
Nov 199402,46315.90$0
Oct 199402,78015.58$0
Sep 199422,64315.29$31
Aug 199403,05116.13$0
Jul 199403,33217.56$0
Jun 199403,33517.09$0
May 199472,50715.88$111
Apr 199403,10714.14$0
Mar 199493,39512.46$112
Feb 199412,97612.50$13
Jan 199403,43812.66$0
Dec 199303,54412.33$0
Nov 199303,33114.49$0
Oct 199303,65115.85$0
Sep 199303,57415.03$0
Aug 199303,87415.66$0
Jul 199304,18415.46$0
Jun 1993103,10716.79$168
May 199303,82017.68$0
Apr 199304,17418.05$0
Mar 199304,40018.14$0
Feb 1993203,55017.90$358
Jan 199303,38616.93$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.

Apr 2009 — as filed, then multipliedworked
Condensate             1 bbl  × $ 46.77 =        $47
Gas                    0 Mcf  × $  3.59 =         $0

────────────────────────────────────────────────────
Month total                                      $47

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/115551 is the state's own key, not one this site invented.