JURASCHEK

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 150737District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Jul 1994 – Aug 1998
Value, last 12 filed months
$700 k
at the published price for each month
Months reported
50
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 Gas111994-09-08130422
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
CondensateDisposition18,431 bbl$315,187
GasProduction4,228,481 Mcf$2,164,823
Total$2,480,010

3,374,209 Mcf of this lease's gas, across 30 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 27.5554, -99.0281. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.55544, -99.02812 · 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
0.0%
0 of 1 wells
Median depth
12,200 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
1100.0%
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.
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 12,200 ft.

Completions filed
Mar 1998
1 of 1 wells

1 well

42-479360748 C12,200 ftMar 1998Yes

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 (50)

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

50 months

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 199814013.952.30$195
Jan 19981679,62014.702.15$23,184
Dec 1997042,57316.322.41$102,648
Nov 199715358,34318.193.09$182,961
Oct 199716551,41619.253.15$165,127
Sep 199715575,49817.742.95$225,837
Aug 199715266,38317.862.55$172,306
Jul 199727467,85217.582.25$157,276
Jun 199714757,19717.242.26$131,639
May 199717093,44318.972.31$218,938
Apr 199716696,39417.882.08$203,736
Mar 199731283,70718.951.94$168,232
Feb 199716968,38820.492.21$154,320
Jan 199716983,45823.483.54$299,384
Dec 199631481,06623.32$7,322
Nov 199615378,28821.97$3,361
Oct 199631088,34323.31$7,226
Sep 199617987,75622.22$3,977
Aug 199627892,86820.26$5,632
Jul 199626297,49519.55$5,122
Jun 199615496,92318.73$2,884
May 1996163100,89519.43$3,167
Apr 199623194,02521.51$4,969
Mar 1996304103,39219.38$5,892
Feb 1996311105,08016.98$5,281
Jan 1996328109,74417.07$5,599
Dec 1995369126,69417.19$6,343
Nov 1995460119,01716.00$7,360
Oct 1995569113,94215.43$8,780
Sep 1995330105,28416.18$5,339
Aug 1995560126,02615.92$8,915
Jul 1995728138,64215.24$11,095
Jun 1995644133,26016.41$10,568
May 1995614124,05317.56$10,782
Apr 1995706123,19517.73$12,517
Mar 1995818124,77916.44$13,448
Feb 1995798103,98016.58$13,231
Jan 1995765114,65315.92$12,179
Dec 1994939119,39415.03$14,113
Nov 1994889127,08015.90$14,135
Oct 19941,041150,57715.58$16,219
Sep 1994851138,38115.29$13,012
Aug 19941,397145,69916.13$22,534
Jul 1994753103,67817.56$13,223

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 1998 — as filed, then multipliedworked
Condensate            14 bbl  × $ 13.95 =       $195
Gas                    0 Mcf  × $  2.30 =         $0

────────────────────────────────────────────────────
Month total                                     $195

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/150737 is the state's own key, not one this site invented.