VERGARA

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) 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 157557District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$653 k
Mar 1996 – Oct 2003
Value, last 12 filed months
$666
at the published price for each month
Months reported
92
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 Gas111996-06-26134672
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
CondensateDisposition6,366 bbl$127,018
GasProduction563,849 Mcf$525,549
Total$652,566

349,224 Mcf of this lease's gas, across 10 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 27.5900, -99.1162. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.58998, -99.11624 · 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
100.0%
1 of 1 wells
Median depth
10,100 ft
1 wells filed one
Completion to plug
7.6 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 10,100 ft.

Completions filed
Mar 1996
1 of 1 wells
Plug dates filed
Oct 2003
1 of 1 wells

Last completion to plug: a median of 7.6 years across the 1 well that filed both dates, with the middle half between 7.6 years and 7.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-479364331310,100 ftMar 1996Oct 2003Yes

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 (92)

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

92 months

Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030329.415.17$16
Jun 20030028.565.98$0
May 20030126.595.97$6
Apr 200301026.675.41$54
Mar 20030731.146.10$43
Feb 200302933.487.93$230
Jan 200304430.315.58$246
Dec 20020826.914.85$39
Nov 20020824.664.14$33
Oct 200202526.464.23$106
Sep 20020127.443.64$4
Aug 200203025.963.16$95
Jul 200206724.583.06$205
Jun 200203923.733.34$130
May 200206924.663.58$247
Apr 200203123.653.51$109
Mar 200204222.003.10$130
Feb 200205818.222.38$138
Jan 200203517.172.38$83
Dec 200106316.932.36$149
Nov 200108018.072.41$192
Oct 2001011019.782.53$278
Sep 200105324.262.25$119
Aug 200103724.873.05$113
Jul 2001013923.933.20$444
Jun 2001010824.563.82$413
May 200106325.524.31$271
Apr 200108824.685.34$470
Mar 2001010024.545.38$538
Feb 2001016727.755.77$963
Jan 200107327.478.40$613
Dec 200005826.889.12$529
Nov 200007432.215.66$419
Oct 2000012331.235.15$633
Sep 2000014831.875.19$768
Aug 2000012129.644.54$549
Jul 2000011928.534.09$487
Jun 2000014129.304.40$620
May 2000012727.263.68$467
Apr 2000014524.513.12$452
Mar 2000028328.422.86$809
Feb 2000032827.622.73$894
Jan 2000024325.272.48$603
Dec 199908724.282.42$211
Nov 1999018723.192.43$455
Oct 1999010920.982.80$306
Sep 19996111421.752.62$1,625
Aug 199906919.262.88$198
Jul 1999012817.892.37$304
Jun 1999017415.942.36$411
May 1999032115.792.32$745
Apr 1999037215.102.21$821
Mar 1999046312.471.84$851
Feb 199905059.981.82$918
Jan 1999073910.381.90$1,404
Dec 199803,4339.201.77$6,088
Nov 1998743,95910.892.19$9,459
Oct 199804,80812.421.97$9,468
Sep 199805,40612.592.08$11,259
Aug 1998614,01111.301.91$8,340
Jul 199804,96711.742.24$11,113
Jun 199803,74511.242.24$8,379
May 1998683,97112.622.21$9,620
Apr 199805,37613.042.51$13,469
Mar 19981546,26812.802.31$16,447
Feb 199807,00513.952.30$16,105
Jan 199807,30114.702.15$15,732
Dec 199706,91116.322.41$16,663
Nov 1997966,73818.193.09$22,555
Oct 199708,46319.253.15$26,657
Sep 19971129,06717.742.95$28,779
Aug 199709,45317.862.55$24,150
Jul 19977611,08117.582.25$26,234
Jun 1997012,05517.242.26$27,211
May 199719914,16518.972.31$36,475
Apr 19978514,42217.882.08$31,558
Mar 199719316,97518.951.94$36,574
Feb 199720218,41620.492.21$44,763
Jan 199722719,86323.483.54$75,639
Dec 199620417,92823.32$4,757
Nov 199638122,34521.97$8,371
Oct 199620528,65223.31$4,779
Sep 199636330,48722.22$8,066
Aug 199653033,59920.26$10,738
Jul 199645140,19419.55$8,817
Jun 199669644,26718.73$13,036
May 199670853,77619.43$13,756
Apr 199689858,40421.51$19,316
Mar 199632219,57219.38$6,240

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.

Jul 2003 — as filed, then multipliedworked
Condensate             0 bbl  × $ 29.41 =         $0
Gas                    3 Mcf  × $  5.17 =        $16

────────────────────────────────────────────────────
Month total                                      $16

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/157557 is the state's own key, not one this site invented.