OLMITOS RANCH

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

Operated by COX EXPLORATION, INC. (P-5 186115) 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 124907District 04Field 93215400NGPA filingCondensateGasSave Export

Value, all time

$485 k

Jan 1993 – Feb 1999

Value, last 12 filed months

$56 k

at the published price for each month

Months reported

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	7,912 bbl	$141,175
Gas	Production	809,569 Mcf	$343,534
Total			$484,709

671,361 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 27.7458, -99.0446. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.74575, -99.04460 · 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

9,200 ft

1 wells filed one

Completion to plug

11.6 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 9,200 ft.

Completions filed

Jul 1987

1 of 1 wells

Plug dates filed

Feb 1999

1 of 1 wells

Last completion to plug: a median of 11.6 years across the 1 well that filed both dates, with the middle half between 11.6 years and 11.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47934520	12	9,200 ft	Jul 1987	Feb 1999	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 (74)

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

74 months


Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	43	0	12.59	2.08	$541
Aug 1998	28	0	11.30	1.91	$316
Jul 1998	48	0	11.74	2.24	$564
Jun 1998	83	5,735	11.24	2.24	$13,764
May 1998	78	4,423	12.62	2.21	$10,743
Apr 1998	166	5,169	13.04	2.51	$15,115
Mar 1998	82	6,139	12.80	2.31	$15,227
Feb 1998	90	6,166	13.95	2.30	$15,432
Jan 1998	178	6,577	14.70	2.15	$16,789
Dec 1997	87	7,231	16.32	2.41	$18,855
Nov 1997	0	7,630	18.19	3.09	$23,563
Oct 1997	198	8,188	19.25	3.15	$29,602
Sep 1997	210	7,907	17.74	2.95	$27,090
Aug 1997	106	9,051	17.86	2.55	$25,016
Jul 1997	214	8,318	17.58	2.25	$22,452
Jun 1997	0	8,667	17.24	2.26	$19,563
May 1997	206	9,281	18.97	2.31	$25,333
Apr 1997	210	9,032	17.88	2.08	$22,566
Mar 1997	204	9,781	18.95	1.94	$22,833
Feb 1997	202	9,155	20.49	2.21	$24,334
Jan 1997	209	9,758	23.48	3.54	$39,448
Dec 1996	200	9,160	23.32	—	$4,664
Nov 1996	102	9,062	21.97	—	$2,241
Oct 1996	193	9,724	23.31	—	$4,499
Sep 1996	278	9,149	22.22	—	$6,177
Aug 1996	89	10,552	20.26	—	$1,803
Jul 1996	270	10,669	19.55	—	$5,279
Jun 1996	279	11,728	18.73	—	$5,226
May 1996	172	11,026	19.43	—	$3,342
Apr 1996	257	10,652	21.51	—	$5,528
Mar 1996	251	10,729	19.38	—	$4,864
Feb 1996	150	10,274	16.98	—	$2,547
Jan 1996	169	11,131	17.07	—	$2,885
Dec 1995	1	10,246	17.19	—	$17
Nov 1995	4	10,753	16.00	—	$64
Oct 1995	3	10,771	15.43	—	$46
Sep 1995	17	11,883	16.18	—	$275
Aug 1995	32	11,701	15.92	—	$509
Jul 1995	181	11,880	15.24	—	$2,758
Jun 1995	175	13,332	16.41	—	$2,872
May 1995	178	12,379	17.56	—	$3,126
Apr 1995	186	13,623	17.73	—	$3,298
Mar 1995	167	14,634	16.44	—	$2,745
Feb 1995	148	12,973	16.58	—	$2,454
Jan 1995	97	14,769	15.92	—	$1,544
Dec 1994	1	12,829	15.03	—	$15
Nov 1994	0	11,338	15.90	—	$0
Oct 1994	1	13,081	15.58	—	$16
Sep 1994	1	13,112	15.29	—	$15
Aug 1994	8	14,737	16.13	—	$129
Jul 1994	20	17,191	17.56	—	$351
Jun 1994	21	15,538	17.09	—	$359
May 1994	42	15,863	15.88	—	$667
Apr 1994	41	17,067	14.14	—	$580
Mar 1994	38	16,889	12.46	—	$473
Feb 1994	79	15,770	12.50	—	$988
Jan 1994	46	19,868	12.66	—	$582
Dec 1993	98	21,149	12.33	—	$1,208
Nov 1993	46	21,003	14.49	—	$667
Oct 1993	92	21,867	15.85	—	$1,458
Sep 1993	94	12,891	15.03	—	$1,413
Aug 1993	118	17,837	15.66	—	$1,848
Jul 1993	111	19,664	15.46	—	$1,716
Jun 1993	136	13,215	16.79	—	$2,283
May 1993	108	19,074	17.68	—	$1,909
Apr 1993	149	17,603	18.05	—	$2,689
Mar 1993	138	17,161	18.14	—	$2,503
Feb 1993	142	15,440	17.90	—	$2,542
Jan 1993	141	18,374	16.93	—	$2,387

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.

Sep 1998 — as filed, then multipliedworked

Condensate            43 bbl  × $ 12.59 =       $541
Gas                    0 Mcf  × $  2.08 =         $0

────────────────────────────────────────────────────
Month total                                     $541

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/124907 is the state's own key, not one this site invented.