OLMITOS RANCH "B"

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

Operated by HUGHES, DAN A. COMPANY (P-5 411739) in the BELLE PEPPER (LOBO 6) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 142068District 04Field 069301002 tax incentive programmesCondensateGasSave Export

Value, all time

$99 k

Jan 1993 – Jun 1999

Value, last 12 filed months

$17 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The BELLE PEPPER (LOBO 6) 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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered

1991-02-01

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 07/01/97.”

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
High Cost Gas	1	1	1992-09-24	125950
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	1,825 bbl	$29,952
Gas	Production	435,688 Mcf	$69,352
Total			$99,304

405,693 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 27.7927, -99.0528. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.79274, -99.05280 · 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

8,506 ft

1 wells filed one

Completion to plug

6.5 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 8,506 ft.

Completions filed

Aug 1992

1 of 1 wells

Plug dates filed

Feb 1999

1 of 1 wells

Last completion to plug: a median of 6.5 years across the 1 well that filed both dates, with the middle half between 6.5 years and 6.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47935508	7	8,506 ft	Aug 1992	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 (78)

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

78 months


Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	61	0	15.10	2.21	$921
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	788	10.38	1.90	$1,497
Dec 1998	0	1,212	9.20	1.77	$2,149
Nov 1998	0	1,345	10.89	2.19	$2,940
Oct 1998	0	1,781	12.42	1.97	$3,507
Sep 1998	0	1,004	12.59	2.08	$2,091
Aug 1998	4	1,137	11.30	1.91	$2,214
Jul 1998	3	816	11.74	2.24	$1,861
Jun 1998	0	1,114	11.24	2.24	$2,492
May 1998	0	1,278	12.62	2.21	$2,820
Apr 1998	0	1,011	13.04	2.51	$2,533
Mar 1998	0	1,030	12.80	2.31	$2,379
Feb 1998	0	1,019	13.95	2.30	$2,343
Jan 1998	0	1,335	14.70	2.15	$2,877
Dec 1997	0	1,058	16.32	2.41	$2,551
Nov 1997	0	952	18.19	3.09	$2,940
Oct 1997	0	433	19.25	3.15	$1,364
Sep 1997	0	1,229	17.74	2.95	$3,632
Aug 1997	0	1,331	17.86	2.55	$3,400
Jul 1997	0	1,867	17.58	2.25	$4,195
Jun 1997	0	1,345	17.24	2.26	$3,036
May 1997	0	1,253	18.97	2.31	$2,893
Apr 1997	0	1,398	17.88	2.08	$2,912
Mar 1997	0	1,511	18.95	1.94	$2,930
Feb 1997	0	1,386	20.49	2.21	$3,057
Jan 1997	3	1,362	23.48	3.54	$4,892
Dec 1996	2	1,637	23.32	—	$47
Nov 1996	0	1,956	21.97	—	$0
Oct 1996	7	2,189	23.31	—	$163
Sep 1996	0	1,916	22.22	—	$0
Aug 1996	0	1,219	20.26	—	$0
Jul 1996	0	920	19.55	—	$0
Jun 1996	114	1,615	18.73	—	$2,135
May 1996	0	1,738	19.43	—	$0
Apr 1996	0	1,729	21.51	—	$0
Mar 1996	0	2,280	19.38	—	$0
Feb 1996	0	2,619	16.98	—	$0
Jan 1996	0	3,211	17.07	—	$0
Dec 1995	0	2,906	17.19	—	$0
Nov 1995	0	2,583	16.00	—	$0
Oct 1995	0	3,504	15.43	—	$0
Sep 1995	0	2,124	16.18	—	$0
Aug 1995	0	3,972	15.92	—	$0
Jul 1995	9	5,971	15.24	—	$137
Jun 1995	0	5,558	16.41	—	$0
May 1995	0	5,533	17.56	—	$0
Apr 1995	0	6,003	17.73	—	$0
Mar 1995	84	6,691	16.44	—	$1,381
Feb 1995	0	5,712	16.58	—	$0
Jan 1995	0	6,055	15.92	—	$0
Dec 1994	0	6,272	15.03	—	$0
Nov 1994	0	7,127	15.90	—	$0
Oct 1994	0	8,965	15.58	—	$0
Sep 1994	90	8,957	15.29	—	$1,376
Aug 1994	0	9,131	16.13	—	$0
Jul 1994	0	7,833	17.56	—	$0
Jun 1994	0	7,697	17.09	—	$0
May 1994	91	9,338	15.88	—	$1,445
Apr 1994	0	9,681	14.14	—	$0
Mar 1994	100	10,375	12.46	—	$1,246
Feb 1994	5	9,391	12.50	—	$63
Jan 1994	0	10,884	12.66	—	$0
Dec 1993	102	10,519	12.33	—	$1,258
Nov 1993	5	9,156	14.49	—	$72
Oct 1993	100	11,972	15.85	—	$1,585
Sep 1993	90	13,626	15.03	—	$1,353
Aug 1993	90	17,145	15.66	—	$1,409
Jul 1993	0	17,742	15.46	—	$0
Jun 1993	204	17,834	16.79	—	$3,425
May 1993	91	19,192	17.68	—	$1,609
Apr 1993	102	22,605	18.05	—	$1,841
Mar 1993	190	26,619	18.14	—	$3,447
Feb 1993	187	24,167	17.90	—	$3,347
Jan 1993	91	29,824	16.93	—	$1,541

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.

Apr 1999 — as filed, then multipliedworked

Condensate            61 bbl  × $ 15.10 =       $921
Gas                    0 Mcf  × $  2.21 =         $0

────────────────────────────────────────────────────
Month total                                     $921

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/142068 is the state's own key, not one this site invented.