LIPS, BARBARA "C" (ECR)

Name: LIPS, BARBARA "C" (ECR) lease production and value, Jan 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BOPCO, L.P. (P-5 82967) in the LOPEZ RANCH (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 153563District 04Field 548954002 tax incentive programmesCondensateGasSave Export

Value, all time

$4.9 M

Jan 1995 – Jun 2009

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

174

no gaps in the span

Streams

condensate, gas

The LOPEZ RANCH (CONSOLIDATED) field

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 72 leases and 72 wells, and the rule below applies to all of them.

Discovered

2008-07-29

as the register files it

Field class

Gas

the register's own label

Between wells

660 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 2008-07-29.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 04/01/2009.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1995-09-20	132808
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	108,515 bbl	$1,746,070
Gas	Production	3,204,228 Mcf	$3,124,546
Total			$4,870,616

1,966,817 Mcf of this lease's gas, across 24 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 26.8563, -98.1970. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.85634, -98.19696 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

11,700 ft

1 wells filed one

Completion to plug

11.3 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 11,700 ft.

Completions filed

Mar 1998

1 of 1 wells

Plug dates filed

Jun 2009

1 of 1 wells

Last completion to plug: a median of 11.3 years across the 1 well that filed both dates, with the middle half between 11.3 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-04731676	11	11,700 ft	Mar 1998	Jun 2009	Yes

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 (174)

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

174 months


Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	11	322	55.49	6.86	$2,819
Oct 2008	2	103	75.24	6.92	$863
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	3	153	131.08	11.39	$2,136
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	10	597	110.31	10.45	$7,345
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	15	179	62.00	7.55	$2,281
May 2007	14	203	58.74	7.85	$2,415
Apr 2007	16	199	59.61	7.81	$2,507
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	55	489	55.10	8.22	$7,048
Jan 2007	15	167	50.30	6.73	$1,878
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	7	248	66.01	6.42	$2,055
Apr 2006	13	453	64.39	7.36	$4,171
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	12	584	60.59	8.93	$5,944
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	39	1,786	58.34	13.80	$26,914
Sep 2005	6	252	61.45	12.08	$3,413
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	14	619	55.69	7.84	$5,635
Jun 2005	9	619	52.33	7.38	$5,040
May 2005	3	208	45.22	6.65	$1,519
Apr 2005	11	742	49.20	7.36	$6,003
Mar 2005	6	407	50.37	7.15	$3,214
Feb 2005	3	210	45.22	6.31	$1,461
Jan 2005	10	649	43.16	6.32	$4,535
Dec 2004	17	925	39.86	6.75	$6,922
Nov 2004	10	647	45.28	6.33	$4,549
Oct 2004	10	607	49.70	6.52	$4,452
Sep 2004	12	628	43.24	5.28	$3,837
Aug 2004	11	792	42.37	5.55	$4,862
Jul 2004	15	886	38.28	6.08	$5,965
Jun 2004	7	455	36.10	6.43	$3,180
May 2004	3	172	37.48	6.49	$1,230
Apr 2004	3	172	34.47	5.86	$1,111
Mar 2004	6	252	34.36	5.53	$1,600
Feb 2004	6	384	32.45	5.51	$2,310
Jan 2004	29	1,283	32.03	6.30	$9,011
Dec 2003	6	305	30.26	6.30	$2,104
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	15	709	28.17	4.76	$3,797
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	12	558	29.76	5.13	$3,220
Jul 2003	11	461	29.41	5.17	$2,707
Jun 2003	10	164	28.56	5.98	$1,267
May 2003	37	564	26.59	5.97	$4,352
Apr 2003	39	568	26.67	5.41	$4,111
Mar 2003	19	275	31.14	6.10	$2,268
Feb 2003	41	566	33.48	7.93	$5,859
Jan 2003	84	1,146	30.31	5.58	$8,943
Dec 2002	0	788	26.91	4.85	$3,825
Nov 2002	0	877	24.66	4.14	$3,628
Oct 2002	0	865	26.46	4.23	$3,658
Sep 2002	0	1,234	27.44	3.64	$4,486
Aug 2002	0	1,596	25.96	3.16	$5,050
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	2,910	23.73	3.34	$9,714
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	273	22.00	3.10	$847
Feb 2002	25	1,600	18.22	2.38	$4,257
Jan 2002	20	983	17.17	2.38	$2,679
Dec 2001	50	2,481	16.93	2.36	$6,713
Nov 2001	24	1,452	18.07	2.41	$3,927
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	15	835	24.26	2.25	$2,244
Aug 2001	18	1,072	24.87	3.05	$3,721
Jul 2001	29	1,038	23.93	3.20	$4,013
Jun 2001	0	0	24.56	3.82	$0
May 2001	46	1,724	25.52	4.31	$8,600
Apr 2001	37	1,369	24.68	5.34	$8,217
Mar 2001	64	2,271	24.54	5.38	$13,780
Feb 2001	151	4,921	27.75	5.77	$32,570
Jan 2001	0	4,632	27.47	8.40	$38,903
Dec 2000	0	8,790	26.88	9.12	$80,187
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	8,341	31.23	5.15	$42,919
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	976	23.19	2.43	$2,376
Oct 1999	0	3,045	20.98	2.80	$8,537
Sep 1999	1	5,700	21.75	2.62	$14,949
Aug 1999	1	3,859	19.26	2.88	$11,116
Jul 1999	1	3,742	17.89	2.37	$8,895
Jun 1999	1	6,965	15.94	2.36	$16,468
May 1999	1	7,697	15.79	2.32	$17,881
Apr 1999	40	11,776	15.10	2.21	$26,606
Mar 1999	682	16,288	12.47	1.84	$38,447
Feb 1999	455	10,072	9.98	1.82	$22,850
Jan 1999	775	17,937	10.38	1.90	$42,124
Dec 1998	1,067	25,794	9.20	1.77	$55,557
Nov 1998	1,194	34,083	10.89	2.19	$87,499
Oct 1998	1,209	42,062	12.42	1.97	$97,845
Sep 1998	1,318	53,200	12.59	2.08	$127,389
Aug 1998	1,971	49,681	11.30	1.91	$117,031
Jul 1998	2,868	77,362	11.74	2.24	$206,750
Jun 1998	4,355	108,179	11.24	2.24	$290,976
May 1998	5,646	139,394	12.62	2.21	$378,803
Apr 1998	4,026	127,169	13.04	2.51	$371,099
Mar 1998	785	18,139	12.80	2.31	$51,939
Feb 1998	880	18,931	13.95	2.30	$55,801
Jan 1998	892	19,085	14.70	2.15	$54,237
Dec 1997	961	22,323	16.32	2.41	$69,507
Nov 1997	910	23,517	18.19	3.09	$89,180
Oct 1997	828	25,457	19.25	3.15	$96,124
Sep 1997	0	29,415	17.74	2.95	$86,918
Aug 1997	0	26,398	17.86	2.55	$67,440
Jul 1997	0	28,985	17.58	2.25	$65,128
Jun 1997	0	29,091	17.24	2.26	$65,664
May 1997	0	34,370	18.97	2.31	$79,343
Apr 1997	14	32,306	17.88	2.08	$67,537
Mar 1997	518	37,892	18.95	1.94	$83,294
Feb 1997	491	35,170	20.49	2.21	$87,642
Jan 1997	558	39,591	23.48	3.54	$153,242
Dec 1996	529	36,608	23.32	—	$12,336
Nov 1996	551	37,946	21.97	—	$12,105
Oct 1996	650	43,553	23.31	—	$15,152
Sep 1996	898	37,751	22.22	—	$19,954
Aug 1996	922	36,710	20.26	—	$18,680
Jul 1996	1,117	47,510	19.55	—	$21,837
Jun 1996	1,121	44,952	18.73	—	$20,996
May 1996	1,128	44,532	19.43	—	$21,917
Apr 1996	1,317	47,916	21.51	—	$28,329
Mar 1996	1,999	54,129	19.38	—	$38,741
Feb 1996	1,959	57,345	16.98	—	$33,264
Jan 1996	2,362	63,672	17.07	—	$40,319
Dec 1995	2,886	73,807	17.19	—	$49,610
Nov 1995	2,985	83,858	16.00	—	$47,760
Oct 1995	3,341	96,060	15.43	—	$51,552
Sep 1995	4,735	112,588	16.18	—	$76,612
Aug 1995	5,983	135,268	15.92	—	$95,249
Jul 1995	7,077	153,683	15.24	—	$107,853
Jun 1995	7,989	169,645	16.41	—	$131,099
May 1995	10,340	210,946	17.56	—	$181,570
Apr 1995	9,105	169,706	17.73	—	$161,432
Mar 1995	5,274	143,772	16.44	—	$86,705
Feb 1995	493	49,582	16.58	—	$8,174
Jan 1995	150	15,278	15.92	—	$2,388

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.

Nov 2008 — as filed, then multipliedworked

Condensate            11 bbl  × $ 55.49 =       $610
Gas                  322 Mcf  × $  6.86 =     $2,209

────────────────────────────────────────────────────
Month total                                   $2,819

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/153563 is the state's own key, not one this site invented.