STATE LEASE "B"

Name: STATE LEASE "B" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 121825District 04Field 93215400NGPA filingCondensateGasSave Export

Value, all time

$726 k

Jan 1993 – Feb 2003

Value, last 12 filed months

at the published price for each month

Months reported

122

no gaps in the span

Streams

condensate, gas

The VAQUILLAS RANCH (LOBO CONS.) 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 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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	116 bbl	$2,024
Gas	Production	860,698 Mcf	$723,836
Total			$725,860

553,832 Mcf of this lease's gas, across 36 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 27.5113, -99.0015. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.51128, -99.00153 · 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

12,100 ft

1 wells filed one

Completion to plug

16.6 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 12,100 ft.

Completions filed

Jul 1986

1 of 1 wells

Plug dates filed

Feb 2003

1 of 1 wells

Last completion to plug: a median of 16.6 years across the 1 well that filed both dates, with the middle half between 16.6 years and 16.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47934374	3	12,100 ft	Jul 1986	Feb 2003	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 (122)

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

122 months


Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	220	28.42	2.86	$629
Feb 2000	0	175	27.62	2.73	$477
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	6,517	23.19	2.43	$15,862
Oct 1999	0	3,871	20.98	2.80	$10,853
Sep 1999	0	8,120	21.75	2.62	$21,265
Aug 1999	0	7,757	19.26	2.88	$22,306
Jul 1999	0	5,431	17.89	2.37	$12,884
Jun 1999	0	6,825	15.94	2.36	$16,121
May 1999	0	5,870	15.79	2.32	$13,624
Apr 1999	0	7,829	15.10	2.21	$17,287
Mar 1999	0	7,937	12.47	1.84	$14,591
Feb 1999	0	7,226	9.98	1.82	$13,135
Jan 1999	0	8,273	10.38	1.90	$15,718
Dec 1998	0	8,585	9.20	1.77	$15,224
Nov 1998	0	8,525	10.89	2.19	$18,633
Oct 1998	0	8,949	12.42	1.97	$17,622
Sep 1998	0	8,667	12.59	2.08	$18,050
Aug 1998	0	9,872	11.30	1.91	$18,829
Jul 1998	0	9,957	11.74	2.24	$22,277
Jun 1998	0	9,837	11.24	2.24	$22,008
May 1998	0	10,196	12.62	2.21	$22,496
Apr 1998	0	9,953	13.04	2.51	$24,936
Mar 1998	0	9,326	12.80	2.31	$21,538
Feb 1998	0	8,764	13.95	2.30	$20,150
Jan 1998	0	9,964	14.70	2.15	$21,470
Dec 1997	0	10,470	16.32	2.41	$25,244
Nov 1997	0	8,726	18.19	3.09	$26,948
Oct 1997	0	8,917	19.25	3.15	$28,087
Sep 1997	0	9,568	17.74	2.95	$28,272
Aug 1997	0	9,938	17.86	2.55	$25,389
Jul 1997	0	9,875	17.58	2.25	$22,189
Jun 1997	0	10,461	17.24	2.26	$23,613
May 1997	6	12,882	18.97	2.31	$29,852
Apr 1997	1	9,243	17.88	2.08	$19,269
Mar 1997	0	10,925	18.95	1.94	$21,185
Feb 1997	1	3,751	20.49	2.21	$8,295
Jan 1997	2	13,464	23.48	3.54	$47,705
Dec 1996	0	2,446	23.32	—	$0
Nov 1996	1	6,832	21.97	—	$22
Oct 1996	2	11,109	23.31	—	$47
Sep 1996	4	11,374	22.22	—	$89
Aug 1996	1	9,147	20.26	—	$20
Jul 1996	1	10,601	19.55	—	$20
Jun 1996	2	10,764	18.73	—	$37
May 1996	2	10,858	19.43	—	$39
Apr 1996	1	10,659	21.51	—	$22
Mar 1996	7	11,892	19.38	—	$136
Feb 1996	10	11,610	16.98	—	$170
Jan 1996	9	13,583	17.07	—	$154
Dec 1995	2	14,185	17.19	—	$34
Nov 1995	2	11,039	16.00	—	$32
Oct 1995	3	12,946	15.43	—	$46
Sep 1995	5	14,109	16.18	—	$81
Aug 1995	6	15,367	15.92	—	$96
Jul 1995	10	17,561	15.24	—	$152
Jun 1995	6	18,072	16.41	—	$98
May 1995	6	17,549	17.56	—	$105
Apr 1995	4	17,040	17.73	—	$71
Mar 1995	2	14,563	16.44	—	$33
Feb 1995	2	13,360	16.58	—	$33
Jan 1995	3	15,205	15.92	—	$48
Dec 1994	2	16,831	15.03	—	$30
Nov 1994	3	17,467	15.90	—	$48
Oct 1994	2	19,799	15.58	—	$31
Sep 1994	2	20,863	15.29	—	$31
Aug 1994	2	26,894	16.13	—	$32
Jul 1994	2	38,042	17.56	—	$35
Jun 1994	2	51,389	17.09	—	$34
May 1994	0	647	15.88	—	$0
Apr 1994	0	0	14.14	—	$0
Mar 1994	0	0	12.46	—	$0
Feb 1994	0	0	12.50	—	$0
Jan 1994	0	0	12.66	—	$0
Dec 1993	0	0	12.33	—	$0
Nov 1993	0	0	14.49	—	$0
Oct 1993	0	0	15.85	—	$0
Sep 1993	0	0	15.03	—	$0
Aug 1993	0	0	15.66	—	$0
Jul 1993	0	0	15.46	—	$0
Jun 1993	0	0	16.79	—	$0
May 1993	0	0	17.68	—	$0
Apr 1993	0	4,481	18.05	—	$0
Mar 1993	0	18,286	18.14	—	$0
Feb 1993	0	17,804	17.90	—	$0
Jan 1993	0	19,458	16.93	—	$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 2000 — as filed, then multipliedworked

Condensate             0 bbl  × $ 28.42 =         $0
Gas                  220 Mcf  × $  2.86 =       $629

────────────────────────────────────────────────────
Month total                                     $629

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/121825 is the state's own key, not one this site invented.