VAQUILLAS RANCH "L"

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

Gas lease lease 154313District 04Field 070784752 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.4 M
Mar 1995 – May 2026
Value, last 12 filed months
$238
at the published price for each month
Months reported
375
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 247 leases and 247 wells, and the rule below applies to all of them.

Discovered
1998-02-24
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 Gas111995-06-28131962
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
CondensateDisposition81,122 bbl$2,002,785
GasProduction5,519,401 Mcf$4,361,769
Total$6,364,554

4,070,857 Mcf of this lease's gas, across 22 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 27.5962, -99.1233. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.59622, -99.12331 · 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
9,710 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 9,710 ft.

Completions filed
Mar 1995
1 of 1 wells

1 well

42-479362591299,710 ftMar 1995

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 (375)

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

375 months

May 202602106.413.05$6
Apr 20260598.932.87$14
Mar 20260189.753.15$3
Feb 20260063.503.75$0
Jan 20260159.138.00$8
Dec 20250256.664.41$9
Nov 20250258.593.93$8
Oct 20250459.383.30$13
Sep 20251162.743.08$66
Aug 20250363.933.01$9
Jul 20250666.743.32$20
Jun 20251566.483.13$82
May 20252860.553.23$147
Apr 202561962.363.54$441
Mar 202544767.704.27$471
Feb 2025510970.884.34$828
Jan 2025011974.324.28$509
Dec 2024713068.993.12$889
Nov 2024517269.052.20$723
Oct 20241316771.372.28$1,309
Sep 2024018969.612.36$447
Aug 2024717475.632.06$888
Jul 2024013079.932.15$279
Jun 2024012378.082.63$324
May 2024062378.812.20$1,370
Apr 2024063784.451.66$1,057
Mar 2024063780.301.55$984
Feb 2024068976.091.78$1,229
Jan 2024023873.023.30$785
Dec 2023056471.262.61$1,472
Nov 2023059577.892.81$1,671
Oct 2023063585.443.09$1,960
Sep 2023023189.042.74$632
Aug 2023042980.522.67$1,147
Jul 2023056874.852.64$1,501
Jun 2023051068.962.26$1,152
May 2023043170.622.23$960
Apr 2023054678.122.24$1,222
Mar 2023036372.852.39$869
Feb 2023042575.112.47$1,048
Jan 2023044676.533.39$1,511
Dec 2022157276.415.73$3,353
Nov 2022067485.005.65$3,806
Oct 2022070687.185.86$4,140
Sep 2022068484.888.16$5,584
Aug 2022088594.529.13$8,078
Jul 20221970101.587.54$7,417
Jun 20221785115.097.98$6,377
May 20220642109.378.43$5,414
Apr 20220287104.226.84$1,962
Mar 20220574108.885.08$2,914
Feb 202201991.054.86$92
Jan 2022011981.844.54$540
Dec 2021153871.323.90$2,169
Nov 2021154277.435.24$2,916
Oct 2021169479.795.71$4,045
Sep 2021152569.865.35$2,879
Aug 2021266266.024.22$2,926
Jul 2021159570.783.98$2,440
Jun 2021168969.493.38$2,399
May 2021150163.483.02$1,575
Apr 2021144960.362.76$1,299
Mar 2021295161.302.72$2,706
Feb 2021118357.805.55$1,073
Jan 2021296150.412.81$2,801
Dec 202011,02444.642.68$2,784
Nov 2020092038.772.71$2,490
Oct 202001,06236.972.48$2,632
Sep 202001,05537.091.99$2,101
Aug 202021,18039.982.39$2,894
Jul 2020231,27238.371.83$3,204
Jun 20201511,27234.901.69$7,420
May 2020391,24316.921.81$2,916
Apr 20202631,28414.751.80$6,196
Mar 20201311,06430.341.86$5,950
Feb 20201801,00249.881.98$10,963
Jan 202016298857.252.09$11,344
Dec 20191501,05059.012.30$11,271
Nov 201954886155.302.75$32,673
Oct 201964584353.472.42$36,527
Sep 201983691455.052.66$48,451
Aug 201968699353.112.30$38,722
Jul 201956882356.272.46$33,986
Jun 201976552252.782.49$41,677
May 201971549958.482.74$43,181
Apr 20191,09743562.632.75$69,902
Mar 201983222456.803.06$47,944
Feb 20193961650.852.79$20,181
Jan 20197012846.033.23$32,357
Dec 20183682546.594.19$17,250
Nov 20185391052.934.24$28,572
Oct 20184721561.443.40$29,051
Sep 20185041759.543.11$30,061
Aug 20189682459.403.07$57,573
Jul 201887012265.142.93$57,029
Jun 20184572360.183.08$27,573
May 201806265.382.90$180
Apr 201806263.842.90$180
Mar 201805861.222.79$162
Feb 201804361.782.77$119
Jan 201805662.874.01$225
Dec 2017227457.272.92$915
Nov 20171149555.423.12$2,153
Oct 20172249049.292.98$2,546
Sep 20171746747.523.09$2,250
Aug 20172037745.373.00$2,040
Jul 20172237043.873.09$2,107
Jun 20171943042.493.09$2,135
May 20171532245.373.26$1,731
Apr 20171327747.933.21$1,513
Mar 20171318546.772.98$1,160
Feb 20172032750.452.95$1,975
Jan 20172743549.413.42$2,821
Dec 20161334048.763.72$1,900
Nov 20161148842.492.64$1,758
Oct 2016142546.193.09$1,360
Sep 2016134741.553.10$1,117
Aug 2016243441.442.92$1,352
Jul 2016242441.622.92$1,323
Jun 20161046845.352.69$1,710
May 20163155742.521.99$2,427
Apr 201611461936.561.99$5,400
Mar 201612766833.011.79$5,391
Feb 20168347526.472.06$3,177
Jan 20164329527.352.36$1,874
Dec 20153364732.362.00$2,363
Nov 20153166438.792.17$2,642
Oct 20154152943.552.43$3,069
Sep 20156361642.992.76$4,408
Aug 20151570440.162.87$2,625
Jul 20153266348.152.95$3,493
Jun 20151665756.152.88$2,792
May 20152862055.212.96$3,378
Apr 20152358149.822.71$2,718
Mar 20152149342.892.93$2,348
Feb 20151747644.662.98$2,176
Jan 20152264543.433.10$2,955
Dec 20142260854.693.59$3,387
Nov 20142459970.464.25$4,238
Oct 20141343078.303.90$2,695
Sep 201408786.164.05$352
Aug 2014034889.394.04$1,404
Jul 201401496.564.18$59
Jun 201403598.164.74$166
May 2014022494.734.73$1,059
Apr 2014925595.944.81$2,090
Mar 20143143595.895.06$5,172
Feb 20142459497.406.19$6,016
Jan 20143360990.404.86$5,943
Dec 20134359091.824.35$6,517
Nov 20132951688.853.74$4,506
Oct 20132855297.423.78$4,814
Sep 201342503104.113.72$6,243
Aug 201327390104.253.52$4,189
Jul 201338638102.523.72$6,268
Jun 20134457194.403.93$6,400
May 20132861994.834.15$5,224
Apr 2013058893.964.28$2,518
Mar 2013060093.623.91$2,348
Feb 2013057891.233.42$1,977
Jan 2013046391.603.42$1,583
Dec 2012062586.773.42$2,138
Nov 2012063086.953.62$2,284
Oct 2012056689.383.40$1,924
Sep 2012054194.672.92$1,579
Aug 2012059392.662.91$1,725
Jul 2012042685.133.02$1,287
Jun 2012075379.822.52$1,897
May 2012094391.612.49$2,346
Apr 201211582101.652.00$2,280
Mar 201231473105.052.22$4,308
Feb 201234450101.102.57$4,594
Jan 20124964398.092.73$6,564
Dec 20114479096.873.24$6,822
Nov 20113545795.723.31$4,863
Oct 20113557684.983.65$5,076
Sep 20112469483.623.99$4,773
Aug 20111987183.404.15$5,199
Jul 2011301,01294.144.52$7,396
Jun 20113086692.904.64$6,805
May 2011311,10298.134.40$7,896
Apr 20118952105.964.33$4,973
Mar 201101,00796.364.06$4,086
Feb 201101,08385.644.18$4,527
Jan 201101,26186.504.59$5,786
Dec 201001,31085.734.35$5,696
Nov 201001,15980.843.80$4,399
Oct 201001,52378.103.51$5,344
Sep 201001,53272.633.98$6,097
Aug 201001,80873.684.42$7,990
Jul 201001,56572.554.74$7,413
Jun 201001,58770.364.91$7,793
May 201001,19971.124.24$5,078
Apr 201001,49981.694.12$6,180
Mar 201001,94378.394.39$8,527
Feb 201001,39473.585.44$7,587
Jan 201001,64574.365.96$9,811
Dec 200901,64971.445.48$9,043
Nov 200902,09874.593.75$7,871
Oct 200902,29372.544.11$9,425
Sep 2009063865.543.06$1,955
Aug 200901,81167.423.22$5,829
Jul 200902,07561.133.46$7,189
Jun 200902,90266.163.90$11,303
May 200903,13254.743.93$12,295
Apr 200902,87446.773.59$10,310
Mar 2009102,20642.144.06$9,376
Feb 20095693532.814.63$6,169
Jan 2009291,53635.865.37$9,290
Dec 2008361,77637.105.98$11,951
Nov 2008461,40755.496.86$12,205
Oct 2008371,61675.246.92$13,970
Sep 2008311,583101.767.88$15,624
Aug 200801,581114.228.48$13,412
Jul 200801,478131.0811.39$16,834
Jun 20080354131.3313.03$4,614
May 20080831123.1711.57$9,618
Apr 200801,131110.3110.45$11,824
Mar 200801,385101.909.66$13,385
Feb 200801,35492.538.77$11,875
Jan 200801,55490.388.21$12,752
Dec 200701,41888.337.30$10,354
Nov 200701,18691.677.29$8,648
Oct 200701,73082.856.92$11,975
Sep 200701,73375.846.24$10,821
Aug 200701,75369.066.39$11,198
Jul 200701,58470.906.39$10,119
Jun 200701,48162.007.55$11,179
May 2007111,78558.747.85$14,652
Apr 2007181,87859.617.81$15,731
Mar 2007201,47856.927.30$11,931
Feb 2007261,65155.108.22$14,997
Jan 2007311,25150.306.73$9,975
Dec 2006391,51856.656.92$12,712
Nov 2006361,64054.207.62$14,444
Oct 2006231,72554.906.01$11,637
Sep 200601,75660.085.04$8,845
Aug 200601,66768.717.34$12,236
Jul 200601,86769.376.34$11,842
Jun 200601,98466.286.38$12,666
May 200602,02866.016.42$13,030
Apr 200651,34364.397.36$10,207
Mar 2006201,81356.707.08$13,975
Feb 2006171,74957.597.75$14,536
Jan 2006221,74860.598.93$16,948
Dec 2005221,84954.9413.42$26,014
Nov 2005261,93254.6910.59$21,879
Oct 2005181,83958.3413.80$26,421
Sep 2005151,57161.4512.08$19,898
Aug 2005192,00461.519.80$20,802
Jul 2005202,28755.697.84$19,052
Jun 2005222,22752.337.38$17,589
May 2005232,12545.226.65$15,174
Apr 2005372,30449.207.36$18,779
Mar 2005222,02950.377.15$15,625
Feb 2005151,70645.226.31$11,446
Jan 2005153,19743.166.32$20,859
Dec 2004161,92039.866.75$13,600
Nov 2004181,82145.286.33$12,343
Oct 2004141,92549.706.52$13,237
Sep 200481,91143.245.28$10,443
Aug 200401,84942.375.55$10,263
Jul 200401,80338.286.08$10,970
Jun 200401,79536.106.43$11,547
May 200401,43737.486.49$9,333
Apr 200481,56434.475.86$9,438
Mar 2004372,04134.365.53$12,558
Feb 2004341,72032.455.51$10,580
Jan 2004381,68332.036.30$11,819
Dec 2003271,17130.266.30$8,196
Nov 2003311,49528.804.60$7,763
Oct 2003201,27228.174.76$6,618
Sep 200301,03226.314.75$4,901
Aug 2003043829.765.13$2,247
Jul 200301,02529.415.17$5,300
Jun 200301,86328.565.98$11,146
May 200301,73226.595.97$10,345
Apr 200311,70026.675.41$9,219
Mar 2003181,77431.146.10$11,375
Feb 2003111,13533.487.93$9,364
Jan 2003161,44030.315.58$8,523
Dec 2002654926.914.85$2,826
Nov 2002141,25324.664.14$5,529
Oct 2002161,63426.464.23$7,334
Sep 200251,01927.443.64$3,841
Aug 2002381825.963.16$2,666
Jul 200261,55924.583.06$4,921
Jun 200271,79223.733.34$6,148
May 2002122,14724.663.58$7,991
Apr 2002141,86323.653.51$6,875
Mar 2002121,65522.003.10$5,399
Feb 2002111,95818.222.38$4,852
Jan 2002142,15417.172.38$5,358
Dec 2001121,88416.932.36$4,658
Nov 200161,55818.072.41$3,856
Oct 200181,41519.782.53$3,737
Sep 200131,17024.262.25$2,707
Aug 200131,11324.873.05$3,473
Jul 200141,85723.933.20$6,033
Jun 2001158824.563.82$2,273
May 2001268325.524.31$2,993
Apr 200141,83024.685.34$9,862
Mar 2001097124.545.38$5,221
Feb 200101,00727.755.77$5,807
Jan 2001094027.478.40$7,895
Dec 200001,28326.889.12$11,704
Nov 200001,24832.215.66$7,061
Oct 200002,15931.235.15$11,109
Sep 200002,23831.875.19$11,607
Aug 200002,90829.644.54$13,205
Jul 200003,10028.534.09$12,678
Jun 200002,94829.304.40$12,963
May 200006,10827.263.68$22,476
Apr 200002,42624.513.12$7,559
Mar 200003,08328.422.86$8,817
Feb 200004,70027.622.73$12,815
Jan 200002,42725.272.48$6,020
Dec 199904,46324.282.42$10,817
Nov 199902,71023.192.43$6,596
Oct 199902,68020.982.80$7,514
Sep 199901,85521.752.62$4,858
Aug 199901,33019.262.88$3,825
Jul 199901,39717.892.37$3,314
Jun 199941,46015.942.36$3,512
May 199901,06115.792.32$2,463
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 1998022,53412.421.97$44,374
Sep 1998031,36712.592.08$65,326
Aug 1998028,27711.301.91$53,934
Jul 1998840,93811.742.24$91,683
Jun 199813742,73911.242.24$97,159
May 199813540,47212.622.21$90,999
Apr 199813737,97313.042.51$96,921
Mar 199815044,68912.802.31$105,127
Feb 199814045,94713.952.30$107,591
Jan 199817158,13014.702.15$127,772
Dec 199718655,63816.322.41$137,184
Nov 199757064,03218.193.09$208,116
Oct 199736956,48919.253.15$185,033
Sep 199726340,25717.742.95$123,620
Aug 199720546,26417.862.55$121,854
Jul 199722653,29217.582.25$123,717
Jun 199730656,53817.242.26$132,893
May 199733863,02418.972.31$151,903
Apr 199741065,05517.882.08$142,826
Mar 199738068,56618.951.94$140,160
Feb 199737666,50120.492.21$154,399
Jan 199751482,76623.483.54$305,036
Dec 199646991,47123.32$10,937
Nov 199648791,34321.97$10,699
Oct 1996557106,78323.31$12,984
Sep 1996654116,41222.22$14,532
Aug 1996760130,05120.26$15,398
Jul 1996725140,11919.55$14,174
Jun 1996797162,42818.73$14,928
May 19961,046171,94319.43$20,324
Apr 19962,364184,41021.51$50,850
Mar 19963,087201,48419.38$59,826
Feb 19963,187183,08516.98$54,115
Jan 19964,449234,14117.07$75,944
Dec 19954,620278,33817.19$79,418
Nov 19955,999329,64316.00$95,984
Oct 19956,420386,83715.43$99,061
Sep 19954,842242,90116.18$78,344
Aug 19954,686216,94515.92$74,601
Jul 19956,522251,42015.24$99,395
Jun 19957,258245,90316.41$119,104
May 1995863190,51917.56$15,154
Apr 1995143106,56117.73$2,535
Mar 199508,12016.44$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                    2 Mcf  × $  3.05 =         $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/154313 is the state's own key, not one this site invented.