MORGAN

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 151194District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.0 M
Sep 1994 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
381
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 Gas111994-10-21130844
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
CondensateDisposition6,635 bbl$179,364
GasProduction2,154,505 Mcf$5,804,022
Total$5,983,386

822,138 Mcf of this lease's gas, across 28 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 27.5714, -99.0248. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.57140, -99.02479 · 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
11,350 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 11,350 ft.

Completions filed
Sep 1994
1 of 1 wells

1 well

42-47936056211,350 ftSep 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 (381)

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

381 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250174.324.28$4
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20233070.622.23$212
Apr 20230078.122.24$0
Mar 2023295272.852.39$2,424
Feb 2023054075.112.47$1,331
Jan 2023088476.533.39$2,995
Dec 202241,15476.415.73$6,917
Nov 202241,00085.005.65$5,986
Oct 202231,00887.185.86$6,172
Sep 2022167684.888.16$5,604
Aug 2022286594.529.13$8,084
Jul 202221,011101.587.54$7,828
Jun 20222994115.097.98$8,160
May 202231,035109.378.43$9,056
Apr 20223960104.226.84$6,877
Mar 20222886108.885.08$4,715
Feb 2022297891.054.86$4,934
Jan 202221,08781.844.54$5,096
Dec 202111,01671.323.90$4,033
Nov 202101,06877.435.24$5,593
Oct 202103379.795.71$189
Sep 202125169.865.35$413
Aug 202141,15766.024.22$5,147
Jul 202101,09170.783.98$4,344
Jun 202141,22569.493.38$4,419
May 202111,29963.483.02$3,983
Apr 2021299960.362.76$2,876
Mar 202131,00861.302.72$2,923
Feb 202121,03557.805.55$5,858
Jan 202121,37650.412.81$3,968
Dec 202031,90444.642.68$5,228
Nov 202041,47338.772.71$4,142
Oct 2020024636.972.48$610
Sep 2020124637.091.99$527
Aug 2020024539.982.39$584
Jul 2020329138.371.83$646
Jun 2020032834.901.69$554
May 2020040116.921.81$728
Apr 2020351814.751.80$979
Mar 2020243830.341.86$874
Feb 2020060249.881.98$1,192
Jan 2020187557.252.09$1,890
Dec 2019244459.012.30$1,141
Nov 201931,64755.302.75$4,696
Oct 201922,00853.472.42$4,963
Sep 2019016155.052.66$428
Aug 2019010053.112.30$230
Jul 201908856.272.46$216
Jun 201913852.782.49$147
May 201906758.482.74$184
Apr 2019011662.632.75$319
Mar 2019114856.803.06$510
Feb 2019012550.852.79$349
Jan 2019043646.033.23$1,407
Dec 2018325446.594.19$1,203
Nov 201822952.934.24$229
Oct 201803561.443.40$119
Sep 201805959.543.11$183
Aug 201801959.403.07$58
Jul 2018525365.142.93$1,067
Jun 2018244760.183.08$1,496
May 201821,23765.382.90$3,719
Apr 2018236463.842.90$1,184
Mar 2018232461.222.79$1,025
Feb 2018014261.782.77$393
Jan 2018468662.874.01$3,002
Dec 2017881057.272.92$2,825
Nov 201702,63355.423.12$8,211
Oct 20170349.292.98$9
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 201712442.493.09$117
May 2017022745.373.26$741
Apr 2017126247.933.21$889
Mar 2017018746.772.98$558
Feb 2017149450.452.95$984
Jan 201744,84949.413.42$16,775
Dec 201652,13948.763.72$8,207
Nov 2016217642.492.64$550
Oct 2016037246.193.09$1,150
Sep 2016235541.553.10$1,184
Aug 2016051141.442.92$1,494
Jul 2016170341.622.92$2,097
Jun 2016260045.352.69$1,702
May 2016075042.521.99$1,493
Apr 2016180636.561.99$1,641
Mar 201601,26633.011.79$2,271
Feb 201611,97326.472.06$4,098
Jan 201633027.352.36$903
Dec 2015080732.362.00$1,615
Nov 2015087138.792.17$1,888
Oct 201501,07943.552.43$2,618
Sep 201501,27642.992.76$3,520
Aug 201502,29240.162.87$6,584
Jul 201503,66948.152.95$10,806
Jun 20150856.152.88$23
May 20151211,61355.212.96$11,448
Apr 201502,29349.822.71$6,206
Mar 201502,30842.892.93$6,773
Feb 201502,17344.662.98$6,467
Jan 201502,32943.433.10$7,221
Dec 201402,47054.693.59$8,871
Nov 201402,50270.464.25$10,638
Oct 201401,83578.303.90$7,158
Sep 201401,56286.164.05$6,319
Aug 201401,67989.394.04$6,775
Jul 201401,96296.564.18$8,200
Jun 201402,43698.164.74$11,539
May 201402,49594.734.73$11,793
Apr 201402,42495.944.81$11,657
Mar 201402,53495.895.06$12,814
Feb 201402,33797.406.19$14,471
Jan 201402,35590.404.86$11,447
Dec 201302,34091.824.35$10,189
Nov 201302,24988.853.74$8,407
Oct 201302,57697.423.78$9,736
Sep 201302,449104.113.72$9,105
Aug 201302,479104.253.52$8,733
Jul 201302,482102.523.72$9,227
Jun 201302,35394.403.93$9,255
May 201302,59794.834.15$10,775
Apr 201302,54893.964.28$10,912
Mar 201302,64393.623.91$10,342
Feb 201302,45591.233.42$8,396
Jan 201302,61391.603.42$8,936
Dec 201202,67586.773.42$9,149
Nov 201202,53386.953.62$9,182
Oct 2012792,06689.383.40$14,085
Sep 201202,03294.672.92$5,930
Aug 201202,12692.662.91$6,183
Jul 201201,90685.133.02$5,758
Jun 201201,66379.822.52$4,189
May 201201,96091.612.49$4,877
Apr 20120816101.652.00$1,629
Mar 201201,513105.052.22$3,362
Feb 201202,178101.102.57$5,598
Jan 201202,60298.092.73$7,114
Dec 201102,70996.873.24$8,776
Nov 201102,74995.723.31$9,103
Oct 201102,66684.983.65$9,727
Sep 201102,78183.623.99$11,085
Aug 201102,90583.404.15$12,054
Jul 201103,01894.144.52$13,633
Jun 201102,72592.904.64$12,644
May 201103,02098.134.40$13,303
Apr 201102,915105.964.33$12,632
Mar 201103,01696.364.06$12,237
Feb 2011902,77385.644.18$19,299
Jan 201103,16786.504.59$14,533
Dec 201003,16185.734.35$13,743
Nov 201003,12480.843.80$11,857
Oct 201003,26478.103.51$11,453
Sep 201003,08672.633.98$12,281
Aug 201003,10673.684.42$13,727
Jul 201003,14672.554.74$14,901
Jun 201003,08270.364.91$15,134
May 201003,25971.124.24$13,803
Apr 201003,22281.694.12$13,283
Mar 201003,43778.394.39$15,084
Feb 201003,17673.585.44$17,285
Jan 201003,82074.365.96$22,783
Dec 200903,94971.445.48$21,655
Nov 200904,08574.593.75$15,325
Oct 200904,33972.544.11$17,834
Sep 200904,46865.543.06$13,693
Aug 200905,71467.423.22$18,391
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 200999946.773.59$4,663
Mar 20090042.144.06$0
Feb 2009019032.814.63$880
Jan 200903,41535.865.37$18,342
Dec 200803,78237.105.98$22,606
Nov 200803,89755.496.86$26,735
Oct 200804,08075.246.92$28,242
Sep 200803,245101.767.88$25,561
Aug 200804,044114.228.48$34,305
Jul 200802,818131.0811.39$32,095
Jun 200803,824131.3313.03$49,837
May 200804,716123.1711.57$54,584
Apr 200803,702110.3110.45$38,704
Mar 200803,382101.909.66$32,684
Feb 200803,14592.538.77$27,583
Jan 200803,49190.388.21$28,646
Dec 200703,53988.337.30$25,842
Nov 200703,61391.677.29$26,345
Oct 200703,47282.856.92$24,033
Sep 2007763,41575.846.24$27,088
Aug 200703,67169.066.39$23,450
Jul 200704,07170.906.39$26,005
Jun 200704,19962.007.55$31,696
May 200704,43458.747.85$34,790
Apr 200704,64859.617.81$36,279
Mar 200704,93456.927.30$36,028
Feb 200703,77255.108.22$30,991
Jan 200704,56150.306.73$30,681
Dec 200604,44856.656.92$30,773
Nov 200603,99654.207.62$30,439
Oct 2006504,39254.906.01$29,158
Sep 200604,35460.085.04$21,932
Aug 200604,62768.717.34$33,962
Jul 200604,77069.376.34$30,255
Jun 200604,80266.286.38$30,655
May 200605,14366.016.42$33,044
Apr 2006554,97764.397.36$40,175
Mar 200604,84156.707.08$34,288
Feb 2006454,40257.597.75$36,712
Jan 200605,05760.598.93$45,176
Dec 200508,41254.9413.42$112,850
Nov 200506,59654.6910.59$69,841
Oct 200506,53758.3413.80$90,183
Sep 200504,66161.4512.08$56,300
Aug 200506,15661.519.80$60,309
Jul 2005725,84355.697.84$49,840
Jun 200505,98452.337.38$44,168
May 200506,50645.226.65$43,272
Apr 200506,51349.207.36$47,939
Mar 200506,71550.377.15$48,045
Feb 200504,36745.226.31$27,564
Jan 200506,13343.166.32$38,774
Dec 200406,32639.866.75$42,707
Nov 200404,33945.286.33$27,468
Oct 200405,79649.706.52$37,762
Sep 200405,91043.245.28$31,228
Aug 200404,93942.375.55$27,415
Jul 200405,87938.286.08$35,769
Jun 200416,04836.106.43$38,943
May 200455,99837.486.49$39,142
Apr 200466,02234.475.86$35,486
Mar 200456,45834.365.53$35,885
Feb 200456,22432.455.51$34,454
Jan 200457,54332.036.30$47,678
Dec 200397,63430.266.30$48,379
Nov 200357,77228.804.60$35,858
Oct 200367,99328.174.76$38,213
Sep 2003237,10126.314.75$34,330
Aug 2003317,71529.765.13$40,498
Jul 2003347,70929.415.17$40,862
Jun 2003237,54528.565.98$45,798
May 2003497,93226.595.97$48,678
Apr 2003448,28026.675.41$45,946
Mar 200311310,46131.146.10$67,289
Feb 20033074,26333.487.93$44,066
Jan 20034857,60630.315.58$57,157
Dec 20022614,85026.914.85$30,564
Nov 20021463,18924.664.14$16,793
Oct 2002304,29626.464.23$18,962
Sep 2002386,45027.443.64$24,490
Aug 2002376,08025.963.16$20,199
Jul 2002466,88124.583.06$22,199
Jun 2002427,55523.733.34$26,217
May 2002468,92524.663.58$33,122
Apr 20026010,31923.653.51$37,663
Mar 2002346,20222.003.10$19,991
Feb 200207018.222.38$166
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 200101018.072.41$24
Oct 200101,45719.782.53$3,685
Sep 2001074724.262.25$1,682
Aug 200101,19324.873.05$3,642
Jul 200102,02623.933.20$6,477
Jun 200102,45124.563.82$9,373
May 200106,53125.524.31$28,131
Apr 200106,56124.685.34$35,005
Mar 200106,99924.545.38$37,630
Feb 200106,65427.755.77$38,374
Jan 200107,03127.478.40$59,052
Dec 200007,42326.889.12$67,716
Nov 200007,69632.215.66$43,544
Oct 200008,43531.235.15$43,402
Sep 2000118,55931.875.19$44,742
Aug 2000498,85729.644.54$41,670
Jul 2000558,77028.534.09$37,436
Jun 2000569,01629.304.40$41,286
May 2000699,45927.263.68$36,688
Apr 2000699,16124.513.12$30,237
Mar 2000499,97928.422.86$29,930
Feb 200008,88227.622.73$24,217
Jan 200009,74225.272.48$24,165
Dec 1999118,85724.282.42$21,734
Nov 1999648,85623.192.43$23,040
Oct 1999679,58320.982.80$28,274
Sep 19997711,45821.752.62$31,682
Aug 19996612,02819.262.88$35,859
Jul 19997411,10617.892.37$27,671
Jun 19993711,30315.942.36$27,289
May 19994312,44315.792.32$29,559
Apr 19994412,50515.102.21$28,276
Mar 19995912,88812.471.84$24,428
Feb 19994411,7729.981.82$21,838
Jan 19994312,64110.381.90$24,464
Dec 19989812,5909.201.77$23,228
Nov 19987712,69810.892.19$28,593
Oct 19986414,17012.421.97$28,699
Sep 19982212,26512.592.08$25,820
Aug 199815712,62811.301.91$25,860
Jul 19984412,07811.742.24$27,538
Jun 19984411,40511.242.24$26,011
May 19983812,28412.622.21$27,582
Apr 19983412,57713.042.51$31,953
Mar 19984613,05712.802.31$30,743
Feb 19985612,54513.952.30$29,624
Jan 19986313,76314.702.15$30,582
Dec 19977613,96116.322.41$34,902
Nov 19975115,61118.193.09$49,139
Oct 19975415,83119.253.15$50,904
Sep 19974916,20017.742.95$48,738
Aug 19976017,71617.862.55$46,331
Jul 19976118,13017.582.25$41,809
Jun 19976315,51417.242.26$36,104
May 19978216,71718.972.31$40,147
Apr 19978112,83417.882.08$28,179
Mar 19977114,00918.951.94$28,511
Feb 1997412,99920.492.21$28,756
Jan 1997515,12723.483.54$53,662
Dec 19961115,93623.32$257
Nov 19961116,61921.97$242
Oct 19962317,44023.31$536
Sep 199628217,15022.22$6,266
Aug 199629918,19120.26$6,058
Jul 199615419,61319.55$3,011
Jun 199610116,95418.73$1,892
May 199610120,17919.43$1,962
Apr 19964122,37221.51$882
Mar 1996021,82919.38$0
Feb 1996021,26716.98$0
Jan 1996026,51717.07$0
Dec 1995017,38917.19$0
Nov 1995023,84516.00$0
Oct 19952624,91715.43$401
Sep 19957225,24816.18$1,165
Aug 19959128,22815.92$1,449
Jul 19953129,69815.24$472
Jun 19954830,37416.41$788
May 19954033,94717.56$702
Apr 19951435,41217.73$248
Mar 19953038,42516.44$493
Feb 19952239,06516.58$365
Jan 19951941,82515.92$302
Dec 19942056,68315.03$301
Nov 19943557,08515.90$557
Oct 19941186,54515.58$171
Sep 1994419,38515.29$61

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.

Jan 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 74.32 =         $0
Gas                    1 Mcf  × $  4.28 =         $4

────────────────────────────────────────────────────
Month total                                       $4

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/151194 is the state's own key, not one this site invented.