G.B.G.L.&C. CO., LTD.

Operated by ROSETTA RESOURCES OPERATING LP (P-5 728883) in the BECCERO CREEK (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150114District 04Field 065852002 tax incentive programmesCondensateGasSaveExport
Value, all time
$944 k
Jun 1994 – May 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
216
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 247 leases and 247 wells, and the rule below applies to all of them.

Discovered
2008-01-28
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2008-01-28.

The Commission's schedule remark for this field reads: NO BETWEEN WELL SPACING. ALLOCATION FORMULA SUSPENDED.

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 Gas221994-12-15 – 1995-02-142 dockets
NGPA2none

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
CondensateDisposition425 bbl$18,002
GasProduction480,398 Mcf$926,153
Total$944,155

255,319 Mcf of this lease's gas, across 31 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 27.6452, -99.2559. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.64518, -99.25590 · 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
8,050 ft
1 wells filed one
Completion to plug
17.9 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 8,050 ft.

Completions filed
Jun 1994
1 of 1 wells
Plug dates filed
May 2012
1 of 1 wells

Last completion to plug: a median of 17.9 years across the 1 well that filed both dates, with the middle half between 17.9 years and 17.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47936096128,050 ftJun 1994May 2012Yes

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 (216)

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

216 months

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 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20071082.856.92$83
Sep 2007156975.846.24$3,629
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20071062.007.55$62
May 2007318458.747.85$1,620
Apr 2007241,14959.617.81$10,399
Mar 200761,50456.927.30$11,324
Feb 200741,28955.108.22$10,811
Jan 200731,98950.306.73$13,531
Dec 200672,13656.656.92$15,174
Nov 2006171,93454.207.62$15,654
Oct 2006122,60354.906.01$16,313
Sep 200632,12160.085.04$10,864
Aug 200606568.717.34$477
Jul 200615069.376.34$1,041
Jun 2006038166.286.38$2,432
May 200601,09366.016.42$7,023
Apr 2006171,53064.397.36$12,356
Mar 200601,99656.707.08$14,138
Feb 200601,21157.597.75$9,387
Jan 20060060.598.93$0
Dec 200514054.9413.42$769
Nov 200503054.6910.59$318
Oct 200503958.3413.80$538
Sep 2005047261.4512.08$5,701
Aug 200501,32461.519.80$12,971
Jul 2005241,51755.697.84$13,235
Jun 200502,25852.337.38$16,666
May 200501,86345.226.65$12,391
Apr 200501,58249.207.36$11,644
Mar 2005024850.377.15$1,774
Feb 20051022045.226.31$1,841
Jan 2005022943.166.32$1,448
Dec 2004020739.866.75$1,397
Nov 200401,27645.286.33$8,078
Oct 20042063849.706.52$5,151
Sep 2004093943.245.28$4,962
Aug 200401,56742.375.55$8,698
Jul 2004241,26538.286.08$8,615
Jun 200401,23636.106.43$7,951
May 200401,89737.486.49$12,320
Apr 2004211,86534.475.86$11,650
Mar 2004191,48334.365.53$8,854
Feb 200401,42532.455.51$7,851
Jan 2004171,36732.036.30$9,156
Dec 200301,24430.266.30$7,839
Nov 2003171,06428.804.60$5,379
Oct 2003191,73828.174.76$8,807
Sep 2003201,67826.314.75$8,496
Aug 200301,76529.765.13$9,054
Jul 2003202,06829.415.17$11,282
Jun 2003152,24928.565.98$13,884
May 200301,53726.595.97$9,180
Apr 2003162,03926.675.41$11,452
Mar 2003252,20731.146.10$14,232
Feb 2003302,75133.487.93$22,809
Jan 200302,76330.315.58$15,423
Dec 200201,58526.914.85$7,693
Nov 2002061224.664.14$2,532
Oct 200203,41226.464.23$14,430
Sep 200201,46227.443.64$5,315
Aug 200201,94625.963.16$6,157
Jul 200201,58424.583.06$4,850
Jun 200201,42723.733.34$4,764
May 200201,59724.663.58$5,724
Apr 200201,15823.653.51$4,067
Mar 200201,69322.003.10$5,253
Feb 200201,00518.222.38$2,388
Jan 200201,79517.172.38$4,264
Dec 200101,86116.932.36$4,400
Nov 200101,30218.072.41$3,132
Oct 200101,64919.782.53$4,170
Sep 200102,22624.262.25$5,011
Aug 200101,69424.873.05$5,172
Jul 200102,04623.933.20$6,541
Jun 200102,17624.563.82$8,321
May 200102,64925.524.31$11,410
Apr 200101,30224.685.34$6,947
Mar 200102,53824.545.38$13,645
Feb 2001094127.755.77$5,427
Jan 200101,69827.478.40$14,261
Dec 200003,00126.889.12$27,377
Nov 200002,33132.215.66$13,189
Oct 200001,88831.235.15$9,715
Sep 2000053931.875.19$2,796
Aug 2000082229.644.54$3,733
Jul 200001,37728.534.09$5,632
Jun 200002,60729.304.40$11,464
May 200002,53127.263.68$9,313
Apr 200001,45424.513.12$4,531
Mar 200001,55128.422.86$4,435
Feb 2000088027.622.73$2,399
Jan 200002,79625.272.48$6,935
Dec 199901,39124.282.42$3,371
Nov 199902,30423.192.43$5,608
Oct 199901,76920.982.80$4,960
Sep 199902,47621.752.62$6,484
Aug 199901,36719.262.88$3,931
Jul 199902,46417.892.37$5,846
Jun 199901,02615.942.36$2,424
May 199903,37215.792.32$7,826
Apr 199901,46115.102.21$3,226
Mar 199902,04612.471.84$3,761
Feb 199903,5579.981.82$6,466
Jan 199901,97210.381.90$3,747
Dec 199804,6329.201.77$8,214
Nov 199803,26110.892.19$7,128
Oct 1998084912.421.97$1,672
Sep 199801,99012.592.08$4,144
Aug 199801,06311.301.91$2,028
Jul 199802,06911.742.24$4,629
Jun 199801,41711.242.24$3,170
May 199802,45812.622.21$5,423
Apr 199802,80113.042.51$7,017
Mar 199802,50012.802.31$5,774
Feb 199802,95213.952.30$6,787
Jan 199803,14014.702.15$6,766
Dec 199702,38516.322.41$5,750
Nov 199702,73818.193.09$8,456
Oct 199703,90419.253.15$12,297
Sep 199704,51117.742.95$13,329
Aug 1997086117.862.55$2,200
Jul 199703,96517.582.25$8,909
Jun 199703,75217.242.26$8,469
May 199703,31518.972.31$7,653
Apr 199703,16517.882.08$6,592
Mar 199701,85918.951.94$3,605
Feb 199703,77920.492.21$8,336
Jan 199703,56923.483.54$12,633
Dec 199604,14723.32$0
Nov 199602,38721.97$0
Oct 199603,97723.31$0
Sep 199602,25622.22$0
Aug 199603,06920.26$0
Jul 199603,47219.55$0
Jun 199603,41818.73$0
May 199604,13119.43$0
Apr 199604,17021.51$0
Mar 199604,27119.38$0
Feb 199605,66516.98$0
Jan 199604,71917.07$0
Dec 199504,70717.19$0
Nov 199505,41616.00$0
Oct 199503,53515.43$0
Sep 199504,91716.18$0
Aug 199505,84915.92$0
Jul 199504,63115.24$0
Jun 199505,49316.41$0
May 199506,83617.56$0
Apr 199504,67817.73$0
Mar 199506,75316.44$0
Feb 199507,32916.58$0
Jan 199509,39915.92$0
Dec 1994011,15715.03$0
Nov 199403,67715.90$0
Oct 1994011,13815.58$0
Sep 1994017,28715.29$0
Aug 1994028,48516.13$0
Jul 1994045,32817.56$0
Jun 1994023,02217.09$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.

Oct 2007 — as filed, then multipliedworked
Condensate             1 bbl  × $ 82.85 =        $83
Gas                    0 Mcf  × $  6.92 =         $0

────────────────────────────────────────────────────
Month total                                      $83

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/150114 is the state's own key, not one this site invented.