VAQUILLAS RANCH CO. S.G.U.

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

Operated by CONOCO INC. (P-5 172230) in the GATO CREEK (9800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 129862District 04Field 34238400NGPA filingCondensateGasSave Export

Value, all time

$10 k

Jan 1993 – May 1996

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The GATO CREEK (9800) 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 24 leases and 24 wells, and the rule below applies to all of them.

Discovered

1979-10-01

as the register files it

Field class

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 Commission's schedule remark for this field reads: “THE VAQUILLAS RANCH (LOBO CONS.).”

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	618 bbl	$9,921
Gas	Production	136,418 Mcf	$0
Total			$9,921

136,418 Mcf of this lease's gas, across 40 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 27.6264, -99.0870. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.62644, -99.08702 · 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

0.0%

0 of 1 wells

Median depth

10,130 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 10,130 ft.

Completions filed

May 1996

1 of 1 wells

1 well


42-47934776	5	10,130 ft	May 1996	—	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 (41)

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

41 months


May 1996	2	0	19.43	—	$39
Apr 1996	22	1,275	21.51	—	$473
Mar 1996	27	1,432	19.38	—	$523
Feb 1996	33	1,523	16.98	—	$560
Jan 1996	37	1,497	17.07	—	$632
Dec 1995	37	1,548	17.19	—	$636
Nov 1995	36	1,387	16.00	—	$576
Oct 1995	42	1,754	15.43	—	$648
Sep 1995	10	1,610	16.18	—	$162
Aug 1995	10	1,542	15.92	—	$159
Jul 1995	9	1,590	15.24	—	$137
Jun 1995	18	3,100	16.41	—	$295
May 1995	17	3,209	17.56	—	$299
Apr 1995	16	2,844	17.73	—	$284
Mar 1995	2	3,661	16.44	—	$33
Feb 1995	1	3,054	16.58	—	$17
Jan 1995	1	1,480	15.92	—	$16
Dec 1994	2	4,583	15.03	—	$30
Nov 1994	2	1,946	15.90	—	$32
Oct 1994	1	3,918	15.58	—	$16
Sep 1994	0	3,489	15.29	—	$0
Aug 1994	4	4,053	16.13	—	$65
Jul 1994	2	3,903	17.56	—	$35
Jun 1994	3	4,241	17.09	—	$51
May 1994	4	4,310	15.88	—	$64
Apr 1994	2	4,633	14.14	—	$28
Mar 1994	3	4,483	12.46	—	$37
Feb 1994	23	4,924	12.50	—	$288
Jan 1994	29	6,647	12.66	—	$367
Dec 1993	53	8,614	12.33	—	$653
Nov 1993	14	2,122	14.49	—	$203
Oct 1993	28	4,603	15.85	—	$444
Sep 1993	22	2,837	15.03	—	$331
Aug 1993	25	3,879	15.66	—	$392
Jul 1993	12	4,436	15.46	—	$186
Jun 1993	11	4,231	16.79	—	$185
May 1993	11	3,777	17.68	—	$194
Apr 1993	10	4,555	18.05	—	$181
Mar 1993	11	4,759	18.14	—	$200
Feb 1993	14	4,044	17.90	—	$251
Jan 1993	12	4,925	16.93	—	$203

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.

May 1996 — as filed, then multipliedworked

Condensate             2 bbl  × $ 19.43 =        $39
Gas                    0 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                      $39

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/129862 is the state's own key, not one this site invented.