VAQUILLAS RANCH CO. S.G.U.

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 130325District 04Field 93215400NGPA filingCondensateGasSaveExport
Value, all time
$27 k
Jan 1993 – Sep 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
165
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 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
CondensateDisposition805 bbl$12,876
GasProduction200,114 Mcf$13,824
Total$26,700

194,366 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 27.6278, -99.0760. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.62784, -99.07601 · 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
9,984 ft
1 wells filed one
Completion to plug
17.6 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 9,984 ft.

Completions filed
Feb 1989
1 of 1 wells
Plug dates filed
Sep 2006
1 of 1 wells

Last completion to plug: a median of 17.6 years across the 1 well that filed both dates, with the middle half between 17.6 years and 17.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793307339,984 ftFeb 1989Sep 2006Yes

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 (165)

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

165 months

Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$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 1999056310.381.90$1,070
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 1998027912.421.97$549
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980711.742.24$16
Jun 199804811.242.24$107
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980912.802.31$21
Feb 1998019813.952.30$455
Jan 19980014.702.15$0
Dec 1997033716.322.41$813
Nov 1997039218.193.09$1,211
Oct 1997056819.253.15$1,789
Sep 1997049217.742.95$1,454
Aug 1997013617.862.55$347
Jul 1997010417.582.25$234
Jun 199701,07317.242.26$2,422
May 1997090718.972.31$2,094
Apr 199707917.882.08$165
Mar 1997055618.951.94$1,078
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 199601,19523.32$0
Nov 199604,54421.97$0
Oct 199604,27023.31$0
Sep 199604,60122.22$0
Aug 199606,49320.26$0
Jul 199606,35819.55$0
Jun 199604,22818.73$0
May 199605,29019.43$0
Apr 199644,95521.51$86
Mar 1996252,43819.38$485
Feb 1996181,35716.98$306
Jan 1996191,23817.07$324
Dec 1995261,58917.19$447
Nov 1995251,49516.00$400
Oct 1995292,04015.43$447
Sep 199501,33816.18$0
Aug 199503,25315.92$0
Jul 199501,60315.24$0
Jun 199504,16316.41$0
May 199504,65317.56$0
Apr 199506,20017.73$0
Mar 199501,52716.44$0
Feb 199502,31316.58$0
Jan 199504,63915.92$0
Dec 199404,92715.03$0
Nov 199406,77015.90$0
Oct 199404,53515.58$0
Sep 199402,95015.29$0
Aug 1994122,99216.13$194
Jul 1994144,46817.56$246
Jun 1994175,41017.09$291
May 1994154,05315.88$238
Apr 1994225,85614.14$311
Mar 1994266,08312.46$324
Feb 1994276,75212.50$338
Jan 1994504,74912.66$633
Dec 1993598,76312.33$727
Nov 1993172,26314.49$246
Oct 1993173,46115.85$269
Sep 1993233,56515.03$346
Aug 1993204,53615.66$313
Jul 199303,47815.46$0
Jun 199304,68516.79$0
May 199305,08417.68$0
Apr 199305,04118.05$0
Mar 1993154,40418.14$272
Feb 19931353,69217.90$2,417
Jan 19931904,06916.93$3,217

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                  563 Mcf  × $  1.90 =     $1,070

────────────────────────────────────────────────────
Month total                                   $1,070

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/130325 is the state's own key, not one this site invented.