VAQUILLAS RANCH L4

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 147305District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$106 k
Nov 1993 – May 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
151
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 Gas111994-01-14129611
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
CondensateDisposition2,571 bbl$43,087
GasProduction239,338 Mcf$62,564
Total$105,650

213,053 Mcf of this lease's gas, across 38 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 27.6931, -99.0965. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.69309, -99.09647 · 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
9,080 ft
1 wells filed one
Completion to plug
12.5 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 9,080 ft.

Completions filed
Nov 1993
1 of 1 wells
Plug dates filed
May 2006
1 of 1 wells

Last completion to plug: a median of 12.5 years across the 1 well that filed both dates, with the middle half between 12.5 years and 12.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-479359211199,080 ftNov 1993May 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 (151)

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

151 months

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 200001428.422.86$40
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 1999024924.282.42$604
Nov 1999050523.192.43$1,229
Oct 1999055420.982.80$1,553
Sep 1999052321.752.62$1,370
Aug 1999057519.262.88$1,653
Jul 1999053317.892.37$1,264
Jun 1999039415.942.36$931
May 1999054015.792.32$1,253
Apr 1999050915.102.21$1,124
Mar 1999050612.471.84$930
Feb 199905059.981.82$918
Jan 1999071310.381.90$1,355
Dec 199806649.201.77$1,177
Nov 1998051510.892.19$1,126
Oct 1998053812.421.97$1,059
Sep 1998072712.592.08$1,514
Aug 19981274111.301.91$1,549
Jul 19982367411.742.24$1,778
Jun 1998274411.242.24$402
May 1998213912.622.21$351
Apr 19983172813.042.51$2,228
Mar 19982566712.802.31$1,860
Feb 19982560213.952.30$1,733
Jan 19983669414.702.15$2,025
Dec 19974271516.322.41$2,409
Nov 19975298918.193.09$4,000
Oct 19973780519.253.15$3,248
Sep 1997401,00517.742.95$3,679
Aug 1997411,04417.862.55$3,399
Jul 1997551,26717.582.25$3,814
Jun 1997551,26317.242.26$3,799
May 1997681,46018.972.31$4,660
Apr 1997641,37917.882.08$4,016
Mar 1997621,41918.951.94$3,927
Feb 19972895020.492.21$2,669
Jan 1997561,23623.483.54$5,690
Dec 1996491,30023.32$1,143
Nov 19963397321.97$725
Oct 1996351,22623.31$816
Sep 1996311,34422.22$689
Aug 1996261,26320.26$527
Jul 1996261,29519.55$508
Jun 1996311,39918.73$581
May 1996351,57919.43$680
Apr 1996421,81921.51$903
Mar 1996271,72119.38$523
Feb 1996211,20416.98$357
Jan 1996311,87517.07$529
Dec 1995431,72517.19$739
Nov 1995541,89816.00$864
Oct 1995402,13515.43$617
Sep 1995232,33016.18$372
Aug 1995202,08015.92$318
Jul 1995281,23515.24$427
Jun 1995472,54816.41$771
May 1995622,41617.56$1,089
Apr 19951682,17517.73$2,979
Mar 1995234,13716.44$378
Feb 1995264,95216.58$431
Jan 1995295,08015.92$462
Dec 1994152,35515.03$225
Nov 1994222,30715.90$350
Oct 1994617,05015.58$950
Sep 1994312,96615.29$474
Aug 1994586,37516.13$936
Jul 19948712,52917.56$1,528
Jun 1994405,02717.09$684
May 1994706,03415.88$1,112
Apr 199410314,46314.14$1,456
Mar 199422822,14712.46$2,841
Feb 199410415,88612.50$1,300
Jan 1994021,37512.66$0
Dec 1993026,91112.33$0
Nov 1993217,91914.49$29

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.

Mar 2000 — as filed, then multipliedworked
Condensate             0 bbl  × $ 28.42 =         $0
Gas                   14 Mcf  × $  2.86 =        $40

────────────────────────────────────────────────────
Month total                                      $40

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/147305 is the state's own key, not one this site invented.