VAQUILLAS RANCH "C"

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

Operated by CONOCO INC. (P-5 172230) 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 144858District 04Field 932154002 tax incentive programmesCondensateGasSave Export

Value, all time

$484 k

Mar 1993 – Mar 1999

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The VAQUILLAS RANCH (LOBO CONS.) 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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1993-08-14	129081
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	24,838 bbl	$400,581
Gas	Production	1,505,879 Mcf	$83,232
Total			$483,812

1,471,912 Mcf of this lease's gas, across 46 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 27.6831, -99.1313. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.68310, -99.13131 · 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

9,481 ft

1 wells filed one

Completion to plug

6.0 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 9,481 ft.

Completions filed

Mar 1993

1 of 1 wells

Plug dates filed

Mar 1999

1 of 1 wells

Last completion to plug: a median of 6.0 years across the 1 well that filed both dates, with the middle half between 6.0 years and 6.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47935729	3	9,481 ft	Mar 1993	Mar 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 (73)

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

73 months


Mar 1999	0	0	12.47	1.84	$0
Feb 1999	2	0	9.98	1.82	$20
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	1	0	9.20	1.77	$9
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	172	11.74	2.24	$385
Jun 1998	0	0	11.24	2.24	$0
May 1998	2	306	12.62	2.21	$700
Apr 1998	0	237	13.04	2.51	$594
Mar 1998	0	429	12.80	2.31	$991
Feb 1998	65	0	13.95	2.30	$907
Jan 1998	2	0	14.70	2.15	$29
Dec 1997	5	142	16.32	2.41	$424
Nov 1997	0	147	18.19	3.09	$454
Oct 1997	4	484	19.25	3.15	$1,602
Sep 1997	0	1,497	17.74	2.95	$4,423
Aug 1997	0	2,984	17.86	2.55	$7,623
Jul 1997	0	3,806	17.58	2.25	$8,552
Jun 1997	0	4,501	17.24	2.26	$10,160
May 1997	5	4,324	18.97	2.31	$10,077
Apr 1997	2	3,383	17.88	2.08	$7,082
Mar 1997	130	3,425	18.95	1.94	$9,105
Feb 1997	5	3,703	20.49	2.21	$8,271
Jan 1997	3	4,427	23.48	3.54	$15,741
Dec 1996	6	5,088	23.32	—	$140
Nov 1996	2	4,922	21.97	—	$44
Oct 1996	2	3,470	23.31	—	$47
Sep 1996	3	4,425	22.22	—	$67
Aug 1996	1	5,446	20.26	—	$20
Jul 1996	3	5,963	19.55	—	$59
Jun 1996	130	6,099	18.73	—	$2,435
May 1996	2	6,423	19.43	—	$39
Apr 1996	3	6,667	21.51	—	$65
Mar 1996	4	5,875	19.38	—	$78
Feb 1996	155	8,562	16.98	—	$2,632
Jan 1996	9	12,214	17.07	—	$154
Dec 1995	146	12,608	17.19	—	$2,510
Nov 1995	6	11,051	16.00	—	$96
Oct 1995	11	12,610	15.43	—	$170
Sep 1995	157	12,444	16.18	—	$2,540
Aug 1995	14	14,168	15.92	—	$223
Jul 1995	105	17,719	15.24	—	$1,600
Jun 1995	127	19,330	16.41	—	$2,084
May 1995	161	20,229	17.56	—	$2,827
Apr 1995	271	23,342	17.73	—	$4,805
Mar 1995	163	27,584	16.44	—	$2,680
Feb 1995	296	25,866	16.58	—	$4,908
Jan 1995	310	33,364	15.92	—	$4,935
Dec 1994	370	39,850	15.03	—	$5,561
Nov 1994	369	41,280	15.90	—	$5,867
Oct 1994	352	29,821	15.58	—	$5,484
Sep 1994	181	25,345	15.29	—	$2,767
Aug 1994	365	28,201	16.13	—	$5,887
Jul 1994	343	32,451	17.56	—	$6,023
Jun 1994	354	29,373	17.09	—	$6,050
May 1994	547	35,720	15.88	—	$8,686
Apr 1994	550	38,108	14.14	—	$7,777
Mar 1994	546	39,172	12.46	—	$6,803
Feb 1994	493	33,547	12.50	—	$6,163
Jan 1994	726	40,866	12.66	—	$9,191
Dec 1993	899	46,322	12.33	—	$11,085
Nov 1993	892	52,711	14.49	—	$12,925
Oct 1993	1,056	64,034	15.85	—	$16,738
Sep 1993	1,248	68,527	15.03	—	$18,757
Aug 1993	1,765	83,199	15.66	—	$27,640
Jul 1993	2,032	91,388	15.46	—	$31,415
Jun 1993	2,156	88,984	16.79	—	$36,199
May 1993	2,857	102,774	17.68	—	$50,512
Apr 1993	3,029	104,109	18.05	—	$54,673
Mar 1993	1,395	50,661	18.14	—	$25,305

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.

Feb 1999 — as filed, then multipliedworked

Condensate             2 bbl  × $  9.98 =        $20
Gas                    0 Mcf  × $  1.82 =         $0

────────────────────────────────────────────────────
Month total                                      $20

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/144858 is the state's own key, not one this site invented.