LUNDELL

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 127381District 04Field 93215400NGPA filingCondensateGasSaveExport
Value, all time
$14 k
Jan 1993 – Feb 2005
Value, last 12 filed months
$0
at the published price for each month
Months reported
145
1 month not filed
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
CondensateDisposition12 bbl$191
GasProduction20,315 Mcf$14,300
Total$14,491

14,340 Mcf of this lease's gas, across 41 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 27.6828, -99.0702. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.68278, -99.07023 · 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
10,000 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 10,000 ft.

Completions filed
Apr 1988
1 of 1 wells
Plug dates filed
Nov 2004
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

42-479346435110,000 ftApr 1988Nov 2004Yes

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 (145)

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

145 months

Feb 20050045.226.31$0
Jan 20050043.166.32$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 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999018710.381.90$355
Dec 199801489.201.77$262
Nov 1998010310.892.19$225
Oct 1998020912.421.97$412
Sep 1998019212.592.08$400
Aug 1998029411.301.91$561
Jul 1998028911.742.24$647
Jun 1998010611.242.24$237
May 1998018012.622.21$397
Apr 1998015013.042.51$376
Mar 1998015912.802.31$367
Feb 1998019813.952.30$455
Jan 1998028314.702.15$610
Dec 1997028816.322.41$694
Nov 1997033618.193.09$1,038
Oct 1997029319.253.15$923
Sep 1997042617.742.95$1,259
Aug 1997062617.862.55$1,599
Jul 1997068817.582.25$1,546
Jun 1997016417.242.26$370
May 199709418.972.31$217
Apr 1997015717.882.08$327
Mar 1997016118.951.94$312
Feb 1997011520.492.21$254
Jan 1997012923.483.54$457
Dec 1996016923.32$0
Nov 1996017021.97$0
Oct 1996021523.31$0
Sep 1996034622.22$0
Aug 1996141320.26$20
Jul 1996018119.55$0
Jun 1996020518.73$0
May 1996027119.43$0
Apr 1996121221.51$22
Mar 1996011919.38$0
Feb 1996029616.98$0
Jan 1996119517.07$17
Dec 1995051417.19$0
Nov 1995027916.00$0
Oct 1995244115.43$31
Sep 1995134716.18$16
Aug 1995246615.92$32
Jul 199505915.24$0
Jun 199502516.41$0
May 1995028117.56$0
Apr 1995025117.73$0
Mar 1995019416.44$0
Feb 1995017316.58$0
Jan 1995158615.92$16
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 1994027216.13$0
Jul 199405317.56$0
Jun 1994013017.09$0
May 1994043315.88$0
Apr 199402114.14$0
Mar 1994035612.46$0
Feb 1994248612.50$25
Jan 1994159712.66$13
Dec 1993042912.33$0
Nov 199309614.49$0
Oct 199302815.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 1993019616.79$0
May 199301,03917.68$0
Apr 1993093218.05$0
Mar 199301,70318.14$0
Feb 1993075617.90$0
Jan 1993040516.93$0

Not filed, and not zero: Dec 2004. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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.

Jan 1999 — as filed, then multipliedworked
Condensate             0 bbl  × $ 10.38 =         $0
Gas                  187 Mcf  × $  1.90 =       $355

────────────────────────────────────────────────────
Month total                                     $355

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/127381 is the state's own key, not one this site invented.