VAQUILLAS RANCH F1

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 150573District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$812 k
Aug 1994 – Jun 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
143
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 Gas111994-09-29130638
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
CondensateDisposition30,274 bbl$494,169
GasProduction1,088,283 Mcf$317,470
Total$811,639

966,669 Mcf of this lease's gas, across 29 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 27.7071, -99.0854. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.70712, -99.08535 · 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
9,450 ft
1 wells filed one
Completion to plug
11.8 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 9,450 ft.

Completions filed
Aug 1994
1 of 1 wells
Plug dates filed
Jun 2006
1 of 1 wells

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-479361131249,450 ftAug 1994Jun 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 (143)

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

143 months

Jun 20060066.286.38$0
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 20040134.365.53$6
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030428.804.60$18
Oct 20030928.174.76$43
Sep 200301026.314.75$47
Aug 200302429.765.13$123
Jul 20030929.415.17$47
Jun 200301528.565.98$90
May 200301926.595.97$113
Apr 200303226.675.41$173
Mar 20030031.146.10$0
Feb 2003011333.487.93$896
Jan 200309630.315.58$536
Dec 200207726.914.85$374
Nov 2002017224.664.14$712
Oct 2002015526.464.23$656
Sep 2002021227.443.64$771
Aug 2002020825.963.16$658
Jul 200205824.583.06$178
Jun 20020023.733.34$0
May 200206524.663.58$233
Apr 2002031523.653.51$1,106
Mar 2002325822.003.10$867
Feb 20022216818.222.38$800
Jan 20022311817.172.38$675
Dec 20012414016.932.36$737
Nov 2001018218.072.41$438
Oct 2001035419.782.53$895
Sep 2001033424.262.25$752
Aug 2001063624.873.05$1,942
Jul 2001064423.933.20$2,059
Jun 2001062824.563.82$2,402
May 2001072425.524.31$3,119
Apr 2001076824.685.34$4,098
Mar 2001077524.545.38$4,167
Feb 2001072427.755.77$4,175
Jan 2001080127.478.40$6,727
Dec 2000085326.889.12$7,781
Nov 2000083132.215.66$4,702
Oct 2000070131.235.15$3,607
Sep 2000061531.875.19$3,190
Aug 2000025429.644.54$1,153
Jul 200006428.534.09$262
Jun 2000014229.304.40$624
May 200004327.263.68$158
Apr 2000068824.513.12$2,144
Mar 2000044928.422.86$1,284
Feb 2000031327.622.73$853
Jan 2000045625.272.48$1,131
Dec 1999036724.282.42$890
Nov 1999061323.192.43$1,492
Oct 1999058220.982.80$1,632
Sep 1999059121.752.62$1,548
Aug 1999083519.262.88$2,401
Jul 199901,00217.892.37$2,377
Jun 199901,55815.942.36$3,680
May 199901,43215.792.32$3,324
Apr 199901,35215.102.21$2,985
Mar 199901,24912.471.84$2,296
Feb 199901,0349.981.82$1,880
Jan 199901,95310.381.90$3,711
Dec 199831,6689.201.77$2,986
Nov 1998491,35710.892.19$3,500
Oct 199841,88512.421.97$3,762
Sep 199823,96312.592.08$8,279
Aug 199803,53411.301.91$6,741
Jul 199804,73111.742.24$10,585
Jun 1998028511.242.24$638
May 1998017312.622.21$382
Apr 199803,04913.042.51$7,639
Mar 199804,64312.802.31$10,723
Feb 199803,53313.952.30$8,123
Jan 199803,01814.702.15$6,503
Dec 199704,60316.322.41$11,098
Nov 199704,56518.193.09$14,098
Oct 199744,58419.253.15$14,516
Sep 199774,34417.742.95$12,960
Aug 199704,86917.862.55$12,439
Jul 199705,92717.582.25$13,318
Jun 199705,69117.242.26$12,846
May 199707,78218.972.31$17,965
Apr 199708,06417.882.08$16,796
Mar 1997716,72418.951.94$14,384
Feb 19972654,20620.492.21$14,708
Jan 19971761,59123.483.54$9,764
Dec 19961992,29023.32$4,641
Nov 19961461,66521.97$3,208
Oct 19961933,35623.31$4,499
Sep 199608,40322.22$0
Aug 199603,54420.26$0
Jul 199605,75219.55$0
Jun 199607,16718.73$0
May 199607,92019.43$0
Apr 199608,14021.51$0
Mar 1996011,00019.38$0
Feb 1996012,14616.98$0
Jan 1996013,54317.07$0
Dec 1995016,73917.19$0
Nov 1995025,79916.00$0
Oct 19953534,17615.43$540
Sep 199543138,94016.18$6,974
Aug 199554748,38815.92$8,708
Jul 19951,01448,04815.24$15,453
Jun 199591150,16916.41$14,950
May 199575423,42817.56$13,240
Apr 19954,13748,64417.73$73,349
Mar 19951,99765,87516.44$32,831
Feb 19952,14071,76616.58$35,481
Jan 19952,39273,81315.92$38,081
Dec 19942,22862,43615.03$33,487
Nov 19942,78265,97415.90$44,234
Oct 19943,71069,64415.58$57,802
Sep 19943,78770,66415.29$57,903
Aug 19942,21867,24016.13$35,776

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 2004 — as filed, then multipliedworked
Condensate             0 bbl  × $ 34.36 =         $0
Gas                    1 Mcf  × $  5.53 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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/150573 is the state's own key, not one this site invented.