VAQUILLAS RANCH CO. LTD.

Operated by HILCORP ENERGY COMPANY (P-5 386310) 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 139186District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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
High Cost Gas111992-03-04124378
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
CondensateDisposition16,602 bbl$377,015
GasProduction1,868,037 Mcf$3,625,780
Total$4,002,794

993,952 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 27.6429, -99.1101. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.64288, -99.11006 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,500 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
00.0%
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.
1100.0%

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 9,500 ft.

1 well

42-47935211399,500 ft

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 20080221131.0811.39$2,517
Jun 200800131.3313.03$0
May 2008944123.1711.57$1,618
Apr 200842173110.3110.45$6,442
Mar 200840583101.909.66$9,710
Feb 2008542,61792.538.77$27,949
Jan 2008552,81590.388.21$28,070
Dec 2007945,57388.337.30$48,997
Nov 2007391,32891.677.29$13,259
Oct 2007736,41382.856.92$50,439
Sep 20072788775.846.24$7,586
Aug 2007563,89169.066.39$28,723
Jul 2007634,81570.906.39$35,225
Jun 2007293,45762.007.55$27,893
May 2007574,25758.747.85$36,750
Apr 2007686,00159.617.81$50,892
Mar 2007251,72256.927.30$13,997
Feb 2007161,54255.108.22$13,551
Jan 2007292,22050.306.73$16,392
Dec 2006272,67756.656.92$20,050
Nov 2006373,62254.207.62$29,596
Oct 2006323,50854.906.01$22,853
Sep 2006444,26760.085.04$24,137
Aug 2006806,53568.717.34$53,463
Jul 2006191,05369.376.34$7,997
Jun 2006554,11266.286.38$29,896
May 2006393,27466.016.42$23,610
Apr 2006383,21964.397.36$26,140
Mar 20061096,93456.707.08$55,293
Feb 2006967,09957.597.75$60,554
Jan 2006273,99460.598.93$37,316
Dec 2005182,18554.9413.42$30,302
Nov 2005262,59354.6910.59$28,878
Oct 2005192,27258.3413.80$32,452
Sep 2005606,39561.4512.08$80,932
Aug 2005183,43561.519.80$34,759
Jul 2005101,57255.697.84$12,887
Jun 2005414,14352.337.38$32,725
May 2005445,40045.226.65$37,906
Apr 2005565,51749.207.36$43,363
Mar 200512,01150.377.15$14,439
Feb 2005495,18845.226.31$34,962
Jan 20052059,39143.166.32$68,220
Dec 20044871139.866.75$6,713
Nov 20041336,00245.286.33$44,017
Oct 200409,38949.706.52$61,170
Sep 200409,88643.245.28$52,237
Aug 2004097842.375.55$5,429
Jul 200403,28838.286.08$20,005
Jun 200403,23036.106.43$20,779
May 2004560237.486.49$4,097
Apr 2004503,46234.475.86$22,005
Mar 2004675,49534.365.53$32,690
Feb 2004625,31432.455.51$31,290
Jan 20041265,83932.036.30$40,819
Dec 20031275,19330.266.30$36,567
Nov 2003985,59128.804.60$28,514
Oct 2003856,27428.174.76$32,256
Sep 2003145,43026.314.75$26,157
Aug 2003125,45929.765.13$28,360
Jul 2003116,10529.415.17$31,891
Jun 2003115,99328.565.98$36,170
May 2003105,22926.595.97$31,497
Apr 2003196,53126.675.41$35,822
Mar 2003176,26231.146.10$38,703
Feb 2003113,64333.487.93$29,242
Jan 2003296830.315.58$5,464
Dec 2002137,81826.914.85$38,297
Nov 20022010,89324.664.14$45,557
Oct 2002213,62426.464.23$15,882
Sep 2002192,36427.443.64$9,115
Aug 2002749,63125.963.16$32,395
Jul 2002819,04724.583.06$29,691
Jun 2002647,24223.733.34$25,694
May 2002898,11124.663.58$31,265
Apr 2002707,46023.653.51$27,857
Mar 2002233,32222.003.10$10,813
Feb 20020018.222.38$0
Jan 200201117.172.38$26
Dec 2001446216.932.36$1,160
Nov 2001333,56318.072.41$9,167
Oct 2001396,16419.782.53$16,359
Sep 2001645,14524.262.25$13,136
Aug 2001835,69224.873.05$19,443
Jul 2001595,67223.933.20$19,546
Jun 2001635,91424.563.82$24,163
May 2001714,92125.524.31$23,008
Apr 2001716,02124.685.34$33,876
Mar 20011037,17624.545.38$41,109
Feb 2001394,89327.755.77$29,301
Jan 2001545,76027.478.40$49,860
Dec 2000446,01226.889.12$56,027
Nov 2000504,90832.215.66$29,380
Oct 2000616,30531.235.15$34,347
Sep 2000588,10931.875.19$43,906
Aug 2000587,18729.644.54$34,353
Jul 2000568,63628.534.09$36,917
Jun 2000698,39629.304.40$38,941
May 2000718,70927.263.68$33,982
Apr 2000649,08624.513.12$29,881
Mar 200008,91928.422.86$25,506
Feb 200008,88327.622.73$24,220
Jan 200009,55525.272.48$23,701
Dec 1999910,78324.282.42$26,353
Nov 19991258,81123.192.43$24,345
Oct 199915111,08420.982.80$34,244
Sep 199915210,64221.752.62$31,176
Aug 19991169,04919.262.88$28,255
Jul 19991759,42117.892.37$25,481
Jun 19993877,27015.942.36$23,341
May 199963311,76315.792.32$37,297
Apr 199975412,94115.102.21$39,960
Mar 199984213,15712.471.84$34,687
Feb 199973610,3299.981.82$26,121
Jan 19991,02019,19710.381.90$47,061
Dec 19987613,2699.201.77$24,229
Nov 1998335,20710.892.19$11,740
Oct 1998489,79212.421.97$19,879
Sep 1998345312.592.08$538
Aug 1998486,64211.301.91$13,211
Jul 1998183,65611.742.24$8,391
Jun 1998618,11611.242.24$18,843
May 199810511,92212.622.21$27,629
Apr 199812913,11213.042.51$34,532
Mar 19985414,16112.802.31$33,395
Feb 1998389,76313.952.30$22,977
Jan 1998379,85214.702.15$21,773
Dec 1997339,57516.322.41$23,625
Nov 1997011,81318.193.09$36,482
Oct 1997012,15419.253.15$38,283
Sep 1997011,58917.742.95$34,244
Aug 1997011,69517.862.55$29,878
Jul 1997012,42217.582.25$27,911
Jun 1997012,37517.242.26$27,933
May 1997012,25318.972.31$28,286
Apr 1997010,45717.882.08$21,780
Mar 1997012,83518.951.94$24,889
Feb 1997012,84920.492.21$28,344
Jan 1997012,63623.483.54$44,728
Dec 1996013,79123.32$0
Nov 1996014,02321.97$0
Oct 1996013,56223.31$0
Sep 1996014,82822.22$0
Aug 1996018,40020.26$0
Jul 1996020,10919.55$0
Jun 1996016,27418.73$0
May 1996025,67819.43$0
Apr 199612221.51$22
Mar 199653,87419.38$97
Feb 19961413,33516.98$238
Jan 19961916,81017.07$324
Dec 19952117,41017.19$361
Nov 19952218,84016.00$352
Oct 19953619,73015.43$555
Sep 199533519,89016.18$5,420
Aug 199534018,07415.92$5,413
Jul 199532817,79815.24$4,999
Jun 199529616,62716.41$4,857
May 199524514,65617.56$4,302
Apr 199527615,71117.73$4,893
Mar 199522220,94716.44$3,650
Feb 199519019,05116.58$3,150
Jan 199514617,86215.92$2,324
Dec 199416119,02115.03$2,420
Nov 199414917,98915.90$2,369
Oct 199411518,18715.58$1,792
Sep 199413620,11815.29$2,079
Aug 19944819,86616.13$774
Jul 19943820,59017.56$667
Jun 19945019,63917.09$855
May 19945622,98715.88$889
Apr 19945318,44414.14$749
Mar 19947123,39512.46$885
Feb 19948722,38512.50$1,088
Jan 199441624,52512.66$5,267
Dec 199330924,94712.33$3,810
Nov 199332023,08214.49$4,637
Oct 199322025,27115.85$3,487
Sep 199327924,08515.03$4,193
Aug 199322329,12515.66$3,492
Jul 1993032,63815.46$0
Jun 1993028,65516.79$0
May 1993032,58117.68$0
Apr 1993031,69518.05$0
Mar 19934235,00218.14$762
Feb 199339633,49617.90$7,088
Jan 199360138,92716.93$10,175

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.

Jul 2008 — as filed, then multipliedworked
Condensate             0 bbl  × $131.08 =         $0
Gas                  221 Mcf  × $ 11.39 =     $2,517

────────────────────────────────────────────────────
Month total                                   $2,517

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/139186 is the state's own key, not one this site invented.