VILLARREAL, J. GAS UNIT

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 148580District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.0 M
Mar 1994 – May 2026
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
387
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 Gas111994-04-11130015
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
CondensateDisposition463 bbl$20,708
GasProduction1,900,370 Mcf$4,023,465
Total$4,044,173

1,127,004 Mcf of this lease's gas, across 34 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 27.5125, -99.0129. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.51251, -99.01288 · 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
12,400 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 12,400 ft.

Completions filed
Mar 1994
1 of 1 wells

1 well

42-47935985212,400 ftMar 1994

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 (387)

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

387 months

May 20261410106.413.05$1,355
Apr 2026134798.932.87$1,095
Mar 2026036889.753.15$1,159
Feb 2026137863.503.75$1,481
Jan 2026146459.138.00$3,770
Dec 2025054056.664.41$2,383
Nov 2025161858.593.93$2,485
Oct 2025155459.383.30$1,890
Sep 2025165362.743.08$2,072
Aug 2025138063.933.01$1,210
Jul 2025237266.743.32$1,367
Jun 2025137466.483.13$1,237
May 2025140760.553.23$1,376
Apr 2025139062.363.54$1,444
Mar 2025139667.704.27$1,758
Feb 2025137070.884.34$1,677
Jan 2025143974.324.28$1,953
Dec 2024049768.993.12$1,551
Nov 2024146469.052.20$1,089
Oct 2024144471.372.28$1,084
Sep 2024455369.612.36$1,586
Aug 2024165775.632.06$1,431
Jul 2024161179.932.15$1,392
Jun 2024167878.082.63$1,864
May 2024271078.812.20$1,719
Apr 2024272784.451.66$1,375
Mar 2024278880.301.55$1,378
Feb 2024067376.091.78$1,200
Jan 2024183073.023.30$2,810
Dec 2023181171.262.61$2,189
Nov 2023085377.892.81$2,395
Oct 2023386385.443.09$2,921
Sep 2023278089.042.74$2,311
Aug 2023289080.522.67$2,540
Jul 2023291274.852.64$2,559
Jun 2023288768.962.26$2,141
May 2023395470.622.23$2,337
Apr 2023094978.122.24$2,124
Mar 202321,01572.852.39$2,575
Feb 2023190175.112.47$2,297
Jan 2023398076.533.39$3,550
Dec 2022091476.415.73$5,236
Nov 202211,04085.005.65$5,957
Oct 202221,01087.185.86$6,097
Sep 2022296184.888.16$8,015
Aug 202231,07494.529.13$10,086
Jul 202221,050101.587.54$8,122
Jun 202221,044115.097.98$8,558
May 202231,116109.378.43$9,739
Apr 202231,018104.226.84$7,273
Mar 2022441,170108.885.08$10,730
Feb 2022285491.054.86$4,332
Jan 202231,11081.844.54$5,282
Dec 202111,21271.323.90$4,797
Nov 202121,31377.435.24$7,031
Oct 202101,15479.795.71$6,594
Sep 202101,13869.865.35$6,089
Aug 202101,20366.024.22$5,077
Jul 202101,21070.783.98$4,818
Jun 202141,19769.493.38$4,325
May 202111,29563.483.02$3,971
Apr 202121,21760.362.76$3,478
Mar 202121,27361.302.72$3,581
Feb 202131,09057.805.55$6,221
Jan 202111,29750.412.81$3,695
Dec 202031,23344.642.68$3,433
Nov 202051,25438.772.71$3,588
Oct 202021,37536.972.48$3,482
Sep 202051,31337.091.99$2,800
Aug 202021,49239.982.39$3,639
Jul 202041,40938.371.83$2,725
Jun 202051,49534.901.69$2,702
May 202001,64116.921.81$2,978
Apr 202041,58414.751.80$2,917
Mar 202061,70930.341.86$3,354
Feb 202001,68449.881.98$3,335
Jan 202021,83957.252.09$3,967
Dec 201961,84059.012.30$4,594
Nov 201941,84555.302.75$5,296
Oct 201941,95353.472.42$4,937
Sep 201962,06355.052.66$5,812
Aug 201942,16853.112.30$5,208
Jul 201952,35456.272.46$6,072
Jun 201952,42052.782.49$6,293
May 201952,54358.482.74$7,261
Apr 201962,48762.632.75$7,217
Mar 201982,50356.803.06$8,119
Feb 201942,59650.852.79$7,452
Jan 201913,19046.033.23$10,344
Dec 201822,91146.594.19$12,277
Nov 201803,46552.934.24$14,682
Oct 201803,83861.443.40$13,042
Sep 201803,69959.543.11$11,496
Aug 201804,04259.403.07$12,395
Jul 201804,63165.142.93$13,578
Jun 201805,05860.183.08$15,563
May 201806,45265.382.90$18,716
Apr 201808,36263.842.90$24,256
Mar 2018014,84861.222.79$41,379
Feb 201807,10861.782.77$19,662
Jan 201802,22762.874.01$8,929
Dec 201702,42757.272.92$7,091
Nov 201701,48455.423.12$4,628
Oct 201701,47449.292.98$4,398
Sep 201701,88147.523.09$5,807
Aug 201702,10545.373.00$6,324
Jul 201702,31343.873.09$7,141
Jun 201702,27542.493.09$7,024
May 201702,18945.373.26$7,144
Apr 201702,24747.933.21$7,216
Mar 201702,23046.772.98$6,654
Feb 201702,02350.452.95$5,973
Jan 2017011249.413.42$383
Dec 2016014848.763.72$551
Nov 2016016642.492.64$439
Oct 2016043046.193.09$1,329
Sep 201601,01241.553.10$3,138
Aug 201601,66441.442.92$4,866
Jul 2016057441.622.92$1,679
Jun 201601,21645.352.69$3,266
May 201602,30742.521.99$4,593
Apr 2016050136.561.99$998
Mar 201602,53433.011.79$4,546
Feb 201602,58826.472.06$5,341
Jan 201602,61127.352.36$6,173
Dec 201502,28532.362.00$4,573
Nov 201502,25538.792.17$4,887
Oct 201502,28643.552.43$5,547
Sep 201502,27342.992.76$6,270
Aug 201502,46540.162.87$7,081
Jul 201502,49848.152.95$7,357
Jun 201502,44056.152.88$7,034
May 201502,45955.212.96$7,267
Apr 201501,85249.822.71$5,013
Mar 201502,43142.892.93$7,134
Feb 201502,22244.662.98$6,613
Jan 201502,43443.433.10$7,547
Dec 201402,50554.693.59$8,996
Nov 201402,50070.464.25$10,630
Oct 201402,54778.303.90$9,936
Sep 201402,44786.164.05$9,899
Aug 201402,57189.394.04$10,374
Jul 201402,61296.564.18$10,917
Jun 201402,54798.164.74$12,065
May 201402,78194.734.73$13,145
Apr 201402,72195.944.81$13,086
Mar 201402,84095.895.06$14,361
Feb 201402,51397.406.19$15,561
Jan 201402,34190.404.86$11,379
Dec 201303,37291.824.35$14,683
Nov 201302,09488.853.74$7,828
Oct 201303,05397.423.78$11,538
Sep 201303,253104.113.72$12,094
Aug 201303,696104.253.52$13,020
Jul 201303,138102.523.72$11,666
Jun 201302,54494.403.93$10,007
May 201301,96494.834.15$8,149
Apr 201302,16493.964.28$9,268
Mar 201301,69793.623.91$6,640
Feb 201302,52291.233.42$8,625
Jan 201303,17891.603.42$10,868
Dec 201203,47886.773.42$11,895
Nov 201203,04786.953.62$11,045
Oct 201203,96989.383.40$13,493
Sep 201203,65294.672.92$10,658
Aug 201203,95192.662.91$11,490
Jul 201204,05785.133.02$12,255
Jun 201204,35579.822.52$10,970
May 201203,74491.612.49$9,316
Apr 201204,131101.652.00$8,249
Mar 201204,375105.052.22$9,722
Feb 201203,494101.102.57$8,980
Jan 201204,17798.092.73$11,420
Dec 201104,18696.873.24$13,562
Nov 201104,08395.723.31$13,520
Oct 201103,94684.983.65$14,397
Sep 201103,64483.623.99$14,524
Aug 201103,86683.404.15$16,041
Jul 201103,96594.144.52$17,911
Jun 201103,96792.904.64$18,406
May 201104,16798.134.40$18,355
Apr 201103,374105.964.33$14,620
Mar 201104,04996.364.06$16,428
Feb 201103,60385.644.18$15,060
Jan 201103,92586.504.59$18,011
Dec 201004,00085.734.35$17,391
Nov 201003,50080.843.80$13,284
Oct 201003,62478.103.51$12,716
Sep 201003,54872.633.98$14,119
Aug 201003,11273.684.42$13,753
Jul 201003,64572.554.74$17,265
Jun 201003,37370.364.91$16,563
May 201003,49371.124.24$14,794
Apr 201003,64581.694.12$15,027
Mar 201003,96078.394.39$17,379
Feb 201003,06473.585.44$16,675
Jan 201003,46474.365.96$20,660
Dec 200903,85571.445.48$21,140
Nov 200903,86074.593.75$14,481
Oct 200904,27972.544.11$17,588
Sep 200903,43665.543.06$10,530
Aug 200903,66567.423.22$11,796
Jul 200904,19561.133.46$14,534
Jun 200903,92466.163.90$15,284
May 200904,49254.743.93$17,634
Apr 200904,02146.773.59$14,425
Mar 200904,51842.144.06$18,339
Feb 200903,93632.814.63$18,235
Jan 200904,52335.865.37$24,293
Dec 200804,07637.105.98$24,363
Nov 200804,51355.496.86$30,961
Oct 200804,72675.246.92$32,713
Sep 200804,334101.767.88$34,139
Aug 200804,461114.228.48$37,843
Jul 200804,498131.0811.39$51,230
Jun 200804,455131.3313.03$58,060
May 200804,424123.1711.57$51,205
Apr 200804,390110.3110.45$45,897
Mar 200804,517101.909.66$43,653
Feb 200804,38292.538.77$38,433
Jan 200804,74090.388.21$38,895
Dec 200704,96688.337.30$36,262
Nov 200704,74191.677.29$34,570
Oct 200704,87982.856.92$33,772
Sep 200704,62275.846.24$28,861
Aug 200704,71169.066.39$30,094
Jul 200704,51270.906.39$28,822
Jun 200704,49662.007.55$33,938
May 200705,00158.747.85$39,239
Apr 200704,75559.617.81$37,114
Mar 200704,54356.927.30$33,173
Feb 200705,12455.108.22$42,099
Jan 200707,36950.306.73$49,570
Dec 200608,87556.656.92$61,401
Nov 200607,88554.207.62$60,064
Oct 200606,48654.906.01$39,006
Sep 200605,29760.085.04$26,682
Aug 200605,42568.717.34$39,819
Jul 200605,56569.376.34$35,297
Jun 200607,80666.286.38$49,833
May 200608,30966.016.42$53,385
Apr 2006010,09664.397.36$74,311
Mar 2006012,09256.707.08$85,647
Feb 200605,36257.597.75$41,562
Jan 200603,20860.598.93$28,658
Dec 2005011,28854.9413.42$151,433
Nov 2005013,98154.6910.59$148,036
Oct 2005020,37758.3413.80$281,116
Sep 2005011,74861.4512.08$141,904
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 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 199701016.322.41$24
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19971017.242.26$17
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 199725,89118.951.94$11,461
Feb 1997914,56520.492.21$32,313
Jan 1997616,03923.483.54$56,914
Dec 1996416,61323.32$93
Nov 1996514,48021.97$110
Oct 1996416,65723.31$93
Sep 1996716,53722.22$156
Aug 1996218,08620.26$41
Jul 1996018,98319.55$0
Jun 1996419,77718.73$75
May 1996321,48019.43$58
Apr 1996421,51121.51$86
Mar 19961425,37919.38$271
Feb 19961719,32216.98$289
Jan 19963120,97217.07$529
Dec 1995221,92117.19$34
Nov 1995523,49616.00$80
Oct 19951025,64715.43$154
Sep 1995826,63716.18$129
Aug 19951029,00515.92$159
Jul 1995930,60015.24$137
Jun 1995630,72216.41$98
May 1995632,67217.56$105
Apr 1995634,21917.73$106
Mar 1995638,45516.44$99
Feb 1995735,82916.58$116
Jan 1995639,58815.92$96
Dec 1994342,08015.03$45
Nov 1994544,21415.90$80
Oct 1994546,60415.58$78
Sep 1994249,62315.29$31
Aug 1994457,81116.13$65
Jul 1994554,14417.56$88
Jun 1994052,76517.09$0
May 1994059,57815.88$0
Apr 19941160,01014.14$156
Mar 1994061,58712.46$0

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.

May 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $106.41 =       $106
Gas                  410 Mcf  × $  3.05 =     $1,249

────────────────────────────────────────────────────
Month total                                   $1,355

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/148580 is the state's own key, not one this site invented.