L & P

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the LA PERLA (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 151138District 04Field 509250152 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Aug 1994 – May 2026
Value, last 12 filed months
$48 k
at the published price for each month
Months reported
382
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 719 leases and 719 wells, and the rule below applies to all of them.

Discovered
1999-06-29
as the register files it
Field class
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: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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 Gas111994-11-01130557
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
CondensateDisposition814 bbl$14,175
GasProduction2,523,159 Mcf$2,464,995
Total$2,479,170

1,889,486 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 27.2577, -99.3490. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.25769, -99.34901 · 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
9,900 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 9,900 ft.

Completions filed
Aug 1994
1 of 1 wells

1 well

42-5053320529,900 ftAug 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 (382)

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

382 months

May 202601,022106.413.05$3,113
Apr 2026099098.932.87$2,841
Mar 202601,23289.753.15$3,880
Feb 202601,18463.503.75$4,440
Jan 202601,27059.138.00$10,157
Dec 202501,05456.664.41$4,652
Nov 2025079358.593.93$3,114
Oct 202501,28059.383.30$4,230
Sep 202501,18762.743.08$3,652
Aug 202501,15263.933.01$3,473
Jul 2025075066.743.32$2,486
Jun 2025069866.483.13$2,184
May 202501,22360.553.23$3,953
Apr 202501,29062.363.54$4,571
Mar 202501,34167.704.27$5,724
Feb 202501,19170.884.34$5,170
Jan 202501,20274.324.28$5,143
Dec 202401,34568.993.12$4,198
Nov 202401,23969.052.20$2,724
Oct 202401,35871.372.28$3,098
Sep 2024043469.612.36$1,026
Aug 2024063975.632.06$1,319
Jul 202401,33079.932.15$2,855
Jun 202401,28378.082.63$3,379
May 202401,09178.812.20$2,399
Apr 2024082484.451.66$1,367
Mar 2024065980.301.55$1,018
Feb 2024054776.091.78$976
Jan 2024081573.023.30$2,688
Dec 2023096871.262.61$2,527
Nov 2023085177.892.81$2,389
Oct 2023072185.443.09$2,226
Sep 2023074489.042.74$2,035
Aug 2023084980.522.67$2,269
Jul 2023088174.852.64$2,327
Jun 2023034968.962.26$788
May 2023042370.622.23$942
Apr 2023044278.122.24$989
Mar 2023038172.852.39$912
Feb 2023035475.112.47$873
Jan 2023065176.533.39$2,205
Dec 2022051476.415.73$2,945
Nov 2022086585.005.65$4,884
Oct 2022078787.185.86$4,615
Sep 202201,01284.888.16$8,262
Aug 202201,15194.529.13$10,505
Jul 202201,256101.587.54$9,473
Jun 202201,351115.097.98$10,777
May 202201,616109.378.43$13,628
Apr 202201,664104.226.84$11,378
Mar 20220634108.885.08$3,218
Feb 2022075491.054.86$3,664
Jan 202201,64481.844.54$7,460
Dec 2021073071.323.90$2,846
Nov 2021077077.435.24$4,032
Oct 2021078979.795.71$4,508
Sep 2021079769.865.35$4,265
Aug 2021048766.024.22$2,055
Jul 2021082270.783.98$3,273
Jun 2021035869.493.38$1,210
May 2021042363.483.02$1,276
Apr 2021086760.362.76$2,392
Mar 2021093561.302.72$2,540
Feb 202101,04157.805.55$5,775
Jan 2021092250.412.81$2,591
Dec 2020082044.642.68$2,194
Nov 202001,39138.772.71$3,765
Oct 202001,54836.972.48$3,837
Sep 2020026537.091.99$528
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 202001,13834.901.69$1,924
May 202001,05216.921.81$1,909
Apr 202001,33914.751.80$2,416
Mar 202001,18730.341.86$2,203
Feb 202001,06549.881.98$2,109
Jan 2020088857.252.09$1,860
Dec 201901,07459.012.30$2,475
Nov 2019090555.302.75$2,489
Oct 201901,01553.472.42$2,455
Sep 2019067455.052.66$1,791
Aug 2019081453.112.30$1,876
Jul 201901,31256.272.46$3,228
Jun 201901,45652.782.49$3,627
May 201901,50958.482.74$4,135
Apr 201901,27462.632.75$3,504
Mar 201901,69156.803.06$5,178
Feb 201901,43550.852.79$4,007
Jan 201901,76846.033.23$5,707
Dec 201801,74246.594.19$7,291
Nov 201801,61052.934.24$6,822
Oct 201801,01261.443.40$3,439
Sep 201801,55359.543.11$4,827
Aug 201801,71259.403.07$5,250
Jul 201801,93665.142.93$5,676
Jun 201801,97160.183.08$6,065
May 201802,15365.382.90$6,245
Apr 201802,19963.842.90$6,379
Mar 2018097261.222.79$2,709
Feb 2018075161.782.77$2,077
Jan 2018074962.874.01$3,003
Dec 2017043757.272.92$1,277
Nov 2017095555.423.12$2,978
Oct 201701,84449.292.98$5,502
Sep 201701,72247.523.09$5,316
Aug 201701,96745.373.00$5,910
Jul 201702,08043.873.09$6,422
Jun 2017083342.493.09$2,572
May 201701,95545.373.26$6,380
Apr 2017066747.933.21$2,142
Mar 2017054346.772.98$1,620
Feb 2017025150.452.95$741
Jan 2017049149.413.42$1,679
Dec 2016068848.763.72$2,561
Nov 201601,83042.492.64$4,839
Oct 201601,55946.193.09$4,818
Sep 201601,58941.553.10$4,927
Aug 201601,91941.442.92$5,612
Jul 201602,07741.622.92$6,074
Jun 201602,10745.352.69$5,659
May 201602,24442.521.99$4,468
Apr 201601,05736.561.99$2,105
Mar 201601,51333.011.79$2,714
Feb 201601,14826.472.06$2,369
Jan 201601,28027.352.36$3,026
Dec 2015089232.362.00$1,785
Nov 2015096738.792.17$2,096
Oct 2015065443.552.43$1,587
Sep 2015049942.992.76$1,376
Aug 2015044940.162.87$1,290
Jul 2015058148.152.95$1,711
Jun 201501,54156.152.88$4,442
May 201501,09455.212.96$3,233
Apr 2015056449.822.71$1,527
Mar 201501,74842.892.93$5,130
Feb 2015092744.662.98$2,759
Jan 201501,51343.433.10$4,691
Dec 2014089854.693.59$3,225
Nov 2014052270.464.25$2,219
Oct 201401,48878.303.90$5,805
Sep 201401,39686.164.05$5,647
Aug 2014076289.394.04$3,075
Jul 2014061896.564.18$2,583
Jun 2014077598.164.74$3,671
May 201402,05994.734.73$9,732
Apr 201402,08595.944.81$10,027
Mar 201402,29495.895.06$11,600
Feb 201402,39197.406.19$14,805
Jan 201402,82290.404.86$13,717
Dec 201302,44991.824.35$10,664
Nov 201301,50888.853.74$5,637
Oct 2013068297.423.78$2,578
Sep 201301,102104.113.72$4,097
Aug 20130788104.253.52$2,776
Jul 201301,954102.523.72$7,264
Jun 201302,59894.403.93$10,219
May 2013066494.834.15$2,755
Apr 201301,78393.964.28$7,636
Mar 201302,88193.623.91$11,273
Feb 201302,75291.233.42$9,412
Jan 2013062391.603.42$2,131
Dec 2012098986.773.42$3,383
Nov 2012044786.953.62$1,620
Oct 2012096489.383.40$3,277
Sep 2012079794.672.92$2,326
Aug 2012014192.662.91$410
Jul 2012055185.133.02$1,664
Jun 2012055479.822.52$1,396
May 2012081891.612.49$2,035
Apr 20120746101.652.00$1,490
Mar 20120848105.052.22$1,884
Feb 20120654101.102.57$1,681
Jan 2012066698.092.73$1,821
Dec 2011083796.873.24$2,712
Nov 201101,09095.723.31$3,609
Oct 201101,62284.983.65$5,918
Sep 201101,53783.623.99$6,126
Aug 201101,67183.404.15$6,934
Jul 201101,87094.144.52$8,447
Jun 2011076992.904.64$3,568
May 2011045898.134.40$2,017
Apr 20110701105.964.33$3,038
Mar 2011094496.364.06$3,830
Feb 201101,72585.644.18$7,210
Jan 201101,20286.504.59$5,516
Dec 201001,04485.734.35$4,539
Nov 2010081680.843.80$3,097
Oct 2010095178.103.51$3,337
Sep 201001,06872.633.98$4,250
Aug 201001,63173.684.42$7,208
Jul 201001,61572.554.74$7,649
Jun 2010053870.364.91$2,642
May 2010051971.124.24$2,198
Apr 2010079981.694.12$3,294
Mar 201001,80978.394.39$7,939
Feb 201001,23773.585.44$6,732
Jan 2010054974.365.96$3,274
Dec 2009078471.445.48$4,299
Nov 200902,10174.593.75$7,882
Oct 200901,89472.544.11$7,785
Sep 200901,16565.543.06$3,570
Aug 200901,98467.423.22$6,386
Jul 200901,74561.133.46$6,046
Jun 200901,40966.163.90$5,488
May 200901,74654.743.93$6,854
Apr 200902,04146.773.59$7,322
Mar 200901,72642.144.06$7,006
Feb 2009043332.814.63$2,006
Jan 2009038735.865.37$2,079
Dec 2008094837.105.98$5,666
Nov 200801,25555.496.86$8,610
Oct 2008017875.246.92$1,232
Sep 20080342101.767.88$2,694
Aug 200801,898114.228.48$16,101
Jul 200802,368131.0811.39$26,970
Jun 200802,464131.3313.03$32,112
May 200802,639123.1711.57$30,545
Apr 200802,498110.3110.45$26,116
Mar 200802,503101.909.66$24,189
Feb 2008068892.538.77$6,034
Jan 200802,58990.388.21$21,245
Dec 200704,05988.337.30$29,639
Nov 200702,14791.677.29$15,655
Oct 200702,87382.856.92$19,887
Sep 200703,00375.846.24$18,751
Aug 200701,71469.066.39$10,949
Jul 200701,68570.906.39$10,764
Jun 200702,42462.007.55$18,297
May 200702,60258.747.85$20,416
Apr 200702,60059.617.81$20,294
Mar 200702,05156.927.30$14,976
Feb 200701,51355.108.22$12,431
Jan 200701,76950.306.73$11,900
Dec 2006049656.656.92$3,432
Nov 2006062754.207.62$4,776
Oct 2006058354.906.01$3,506
Sep 2006060960.085.04$3,068
Aug 2006048668.717.34$3,567
Jul 2006038569.376.34$2,442
Jun 2006033466.286.38$2,132
May 2006023266.016.42$1,491
Apr 2006042764.397.36$3,143
Mar 200601,00656.707.08$7,125
Feb 2006053157.597.75$4,116
Jan 2006071460.598.93$6,378
Dec 200502,53754.9413.42$34,035
Nov 200501,15954.6910.59$12,272
Oct 200501,15158.3413.80$15,879
Sep 2005028261.4512.08$3,406
Aug 2005055961.519.80$5,476
Jul 200501,27155.697.84$9,969
Jun 2005029852.337.38$2,200
May 2005056745.226.65$3,771
Apr 2005032049.207.36$2,355
Mar 2005066050.377.15$4,722
Feb 2005063745.226.31$4,021
Jan 20051570743.166.32$5,117
Dec 2004043139.866.75$2,910
Nov 200402,47845.286.33$15,687
Oct 200404,77549.706.52$31,110
Sep 200404743.245.28$248
Aug 2004042242.375.55$2,342
Jul 2004028438.286.08$1,728
Jun 2004072736.106.43$4,677
May 200401,41537.486.49$9,190
Apr 200401,00434.475.86$5,882
Mar 200404,51434.365.53$24,963
Feb 200402,87632.455.51$15,846
Jan 200402,95132.036.30$18,590
Dec 200301,84530.266.30$11,627
Nov 200304,25028.804.60$19,529
Oct 200301,52728.174.76$7,268
Sep 2003044426.314.75$2,109
Aug 200301,37229.765.13$7,038
Jul 200301,41429.415.17$7,312
Jun 200301,59228.565.98$9,525
May 200301,08526.595.97$6,480
Apr 200303,44626.675.41$18,633
Mar 200306,16031.146.10$37,552
Feb 200304,30533.487.93$34,121
Jan 200303,67930.315.58$20,536
Dec 200203,76626.914.85$18,279
Nov 200202,05324.664.14$8,493
Oct 2002063526.464.23$2,685
Sep 2002028527.443.64$1,036
Aug 2002059225.963.16$1,873
Jul 2002052224.583.06$1,598
Jun 2002060223.733.34$2,010
May 2002059024.663.58$2,115
Apr 2002019423.653.51$681
Mar 2002038122.003.10$1,182
Feb 2002019318.222.38$459
Jan 2002036717.172.38$872
Dec 2001039516.932.36$934
Nov 2001068018.072.41$1,636
Oct 2001062919.782.53$1,591
Sep 2001061424.262.25$1,382
Aug 2001086724.873.05$2,647
Jul 200101,06523.933.20$3,405
Jun 2001076324.563.82$2,918
May 2001094625.524.31$4,075
Apr 200101,03524.685.34$5,522
Mar 2001086724.545.38$4,661
Feb 200101,19927.755.77$6,915
Jan 200101,29827.478.40$10,902
Dec 200001,39926.889.12$12,762
Nov 200001,56432.215.66$8,849
Oct 200002,74731.235.15$14,135
Sep 200002,89831.875.19$15,030
Aug 200004,33329.644.54$19,675
Jul 200033,25628.534.09$13,402
Jun 200005,13829.304.40$22,593
May 200004,34927.263.68$16,003
Apr 200004,05424.513.12$12,632
Mar 200005,48528.422.86$15,686
Feb 200002,86627.622.73$7,814
Jan 200005,38725.272.48$13,362
Dec 199925,40324.282.42$13,144
Nov 199906,57823.192.43$16,011
Oct 199916,26220.982.80$17,578
Sep 199916,87721.752.62$18,032
Aug 199905,99019.262.88$17,225
Jul 199906,86317.892.37$16,282
Jun 199907,43815.942.36$17,569
May 199907,73915.792.32$17,962
Apr 199908,90615.102.21$19,665
Mar 199909,23012.471.84$16,968
Feb 1999010,0219.981.82$18,216
Jan 199909,39210.381.90$17,844
Dec 1998010,6529.201.77$18,889
Nov 1998012,39410.892.19$27,090
Oct 1998116,14412.421.97$31,803
Sep 199807,86912.592.08$16,388
Aug 1998010,38811.301.91$19,814
Jul 199808,89411.742.24$19,898
Jun 199806,02911.242.24$13,489
May 199803,82812.622.21$8,446
Apr 199802,77313.042.51$6,947
Mar 199813,89812.802.31$9,015
Feb 199801,43313.952.30$3,295
Jan 199801,74414.702.15$3,758
Dec 199702,40616.322.41$5,801
Nov 199702,33318.193.09$7,205
Oct 199701,75119.253.15$5,515
Sep 199702,12717.742.95$6,285
Aug 199702,34417.862.55$5,988
Jul 199703,05817.582.25$6,871
Jun 199712,63317.242.26$5,960
May 199703,98518.972.31$9,199
Apr 199703,57417.882.08$7,444
Mar 199703,84018.951.94$7,446
Feb 199713,05920.492.21$6,768
Jan 199704,49623.483.54$15,914
Dec 199605,89723.32$0
Nov 199616,67121.97$22
Oct 199617,91923.31$23
Sep 199609,87122.22$0
Aug 1996121,46120.26$20
Jul 1996020,99119.55$0
Jun 1996019,87318.73$0
May 199615235,04519.43$2,953
Apr 1996037,69521.51$0
Mar 1996035,67919.38$0
Feb 19961035,15716.98$170
Jan 1996261,36617.07$34
Dec 1995030,74017.19$0
Nov 1995240,00416.00$32
Oct 1995250,39415.43$31
Sep 1995065,46216.18$0
Aug 1995478,89915.92$64
Jul 1995195,99115.24$15
Jun 19953107,37116.41$49
May 19950107,38817.56$0
Apr 1995154113,75717.73$2,730
Mar 19954119,24616.44$66
Feb 19950104,80216.58$0
Jan 1995146114,16515.92$2,324
Dec 19940108,74815.03$0
Nov 1994148113,02015.90$2,353
Oct 19940131,99515.58$0
Sep 1994157135,34415.29$2,401
Aug 1994074,53516.13$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             0 bbl  × $106.41 =         $0
Gas                1,022 Mcf  × $  3.05 =     $3,113

────────────────────────────────────────────────────
Month total                                   $3,113

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/151138 is the state's own key, not one this site invented.