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 158325District 04Field 070784752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.5 M
Apr 1996 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
362
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 Gas111996-07-17134791
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
CondensateDisposition39,129 bbl$1,076,525
GasProduction2,032,619 Mcf$4,433,012
Total$5,509,537

722,043 Mcf of this lease's gas, across 9 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 27.6037, -99.1242. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.60371, -99.12417 · 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
9,796 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 9,796 ft.

Completions filed
Apr 1996
1 of 1 wells

1 well

42-479364531379,796 ftApr 1996

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 (362)

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

362 months

May 20268383106.413.05$2,018
Apr 2026832598.932.87$1,724
Mar 2026104089.753.15$1,023
Feb 202653763.503.75$456
Jan 20261013259.138.00$1,647
Dec 20251013556.664.41$1,162
Nov 2025512758.593.93$792
Oct 20251213159.383.30$1,145
Sep 202583562.743.08$610
Aug 2025010563.933.01$317
Jul 2025413366.743.32$708
Jun 2025412866.483.13$666
May 2025512560.553.23$707
Apr 20251213462.363.54$1,223
Mar 2025617967.704.27$1,170
Feb 2025617270.884.34$1,172
Jan 2025016774.324.28$715
Dec 2024515568.993.12$829
Nov 2024412569.052.20$551
Oct 20241412171.372.28$1,275
Sep 2024015669.612.36$369
Aug 2024919775.632.06$1,087
Jul 2024013879.932.15$296
Jun 2024315078.082.63$629
May 2024057578.812.20$1,264
Apr 2024562084.451.66$1,451
Mar 2024371080.301.55$1,338
Feb 2024463976.091.78$1,444
Jan 2024559773.023.30$2,334
Dec 20232564171.262.61$3,455
Nov 20234063177.892.81$4,887
Oct 20232062285.443.09$3,629
Sep 20231858889.042.74$3,211
Aug 20236358380.522.67$6,631
Jul 20234564574.852.64$5,072
Jun 20236766868.962.26$6,129
May 20237166570.622.23$6,495
Apr 2023262578.122.24$1,555
Mar 2023254472.852.39$1,448
Feb 2023252975.112.47$1,455
Jan 2023471676.533.39$2,732
Dec 20221271076.415.73$4,985
Nov 20222761785.005.65$5,779
Oct 2022977087.185.86$5,300
Sep 20222459684.888.16$6,903
Aug 20222465894.529.13$8,274
Jul 202236551101.587.54$7,813
Jun 202220737115.097.98$8,181
May 20227526109.378.43$5,201
Apr 20227418104.226.84$3,588
Mar 202210626108.885.08$4,267
Feb 2022865391.054.86$3,901
Jan 20221065281.844.54$3,777
Dec 20212263771.323.90$4,053
Nov 20214467777.435.24$6,952
Oct 20212973979.795.71$6,536
Sep 20213465169.865.35$5,859
Aug 20215562266.024.22$6,256
Jul 20212548670.783.98$3,705
Jun 20213156869.493.38$4,074
May 20212564763.483.02$3,539
Apr 20213562560.362.76$3,837
Mar 20215865461.302.72$5,332
Feb 20214815157.805.55$3,612
Jan 20215168750.412.81$4,502
Dec 20203377444.642.68$3,544
Nov 2020080538.772.71$2,179
Oct 2020086536.972.48$2,144
Sep 2020082837.091.99$1,649
Aug 2020089039.982.39$2,123
Jul 2020085038.371.83$1,551
Jun 2020083434.901.69$1,410
May 202021,07016.921.81$1,976
Apr 2020286214.751.80$1,585
Mar 2020092530.341.86$1,717
Feb 2020197249.881.98$1,975
Jan 202021,11657.252.09$2,452
Dec 2019299259.012.30$2,404
Nov 20191080455.302.75$2,765
Oct 20191289753.472.42$2,811
Sep 20191374455.052.66$2,693
Aug 20191179553.112.30$2,416
Jul 20191067856.272.46$2,231
Jun 20191684852.782.49$2,957
May 2019172058.482.74$2,032
Apr 2019369462.632.75$2,097
Mar 2019663956.803.06$2,297
Feb 2019863750.852.79$2,185
Jan 20191466046.033.23$2,775
Dec 20181288846.594.19$4,276
Nov 20182590252.934.24$5,145
Oct 2018171,00061.443.40$4,443
Sep 20181496059.543.11$3,817
Aug 2018211,23059.403.07$5,019
Jul 201861,08065.142.93$3,557
Jun 2018865760.183.08$2,503
May 2018172565.382.90$2,168
Apr 2018180463.842.90$2,396
Mar 2018293961.222.79$2,739
Feb 2018278461.782.77$2,292
Jan 201831,08462.874.01$4,535
Dec 2017584257.272.92$2,746
Nov 20171255755.423.12$2,402
Oct 20172558449.292.98$2,975
Sep 20172254547.523.09$2,728
Aug 20172954345.373.00$2,947
Jul 20173350843.873.09$3,016
Jun 20174081942.493.09$4,228
May 20173864945.373.26$3,842
Apr 2017501,15447.933.21$6,103
Mar 20174070346.772.98$3,968
Feb 20173762850.452.95$3,721
Jan 20175177849.413.42$5,180
Dec 20162893448.763.72$4,842
Nov 20161670042.492.64$2,531
Oct 2016170446.193.09$2,222
Sep 2016272841.553.10$2,340
Aug 2016261641.442.92$1,884
Jul 2016379341.622.92$2,444
Jun 20161477345.352.69$2,711
May 2016441,14442.521.99$4,149
Apr 201615896836.561.99$7,704
Mar 20163343,33133.011.79$17,001
Feb 20161621,51326.472.06$7,410
Jan 20161031,37827.352.36$6,075
Dec 20152881032.362.00$2,527
Nov 2015421,43438.792.17$4,737
Oct 2015531,68043.552.43$6,385
Sep 2015881,35142.992.76$7,510
Aug 2015192,00740.162.87$6,528
Jul 2015281,41248.152.95$5,507
Jun 20151675156.152.88$3,063
May 2015311,23955.212.96$5,373
Apr 20154591449.822.71$4,716
Mar 2015891,15642.892.93$7,210
Feb 2015861,34544.662.98$7,844
Jan 20151502,44943.433.10$14,108
Dec 20141192,78454.693.59$16,506
Nov 20142435270.464.25$3,188
Oct 20141334278.303.90$2,352
Sep 2014038186.164.05$1,541
Aug 2014039989.394.04$1,610
Jul 2014045196.564.18$1,885
Jun 2014048098.164.74$2,274
May 2014055094.734.73$2,600
Apr 20142655695.944.81$5,168
Mar 201410169295.895.06$13,184
Feb 20141011,48797.406.19$19,045
Jan 20141402,13090.404.86$23,009
Dec 20135247791.824.35$6,852
Nov 20132941488.853.74$4,124
Oct 20132836397.423.78$4,100
Sep 201342374104.113.72$5,763
Aug 201327404104.253.52$4,238
Jul 201344467102.523.72$6,247
Jun 20135945294.403.93$7,348
May 20132850394.834.15$4,742
Apr 2013055493.964.28$2,373
Mar 2013058693.623.91$2,293
Feb 2013058791.233.42$2,007
Jan 2013065891.603.42$2,250
Dec 2012068686.773.42$2,346
Nov 2012067486.953.62$2,443
Oct 2012072589.383.40$2,465
Sep 2012070594.672.92$2,057
Aug 2012071892.662.91$2,088
Jul 2012081385.133.02$2,456
Jun 2012087679.822.52$2,207
May 201201,04491.612.49$2,598
Apr 2012231,324101.652.00$4,982
Mar 2012591,563105.052.22$9,671
Feb 2012481,159101.102.57$7,832
Jan 2012581,54798.092.73$9,919
Dec 2011621,75396.873.24$11,685
Nov 2011601,65995.723.31$11,237
Oct 2011531,52184.983.65$10,053
Sep 2011291,01283.623.99$6,459
Aug 2011191,34683.404.15$7,170
Jul 2011301,48894.144.52$9,546
Jun 2011421,60392.904.64$11,340
May 2011321,66698.134.40$10,479
Apr 201181,528105.964.33$7,469
Mar 201101,80596.364.06$7,324
Feb 2011087385.644.18$3,649
Jan 201101,11486.504.59$5,112
Dec 201001,09585.734.35$4,761
Nov 201001,12580.843.80$4,270
Oct 201001,27678.103.51$4,477
Sep 201002,24672.633.98$8,938
Aug 201001,79273.684.42$7,919
Jul 201001,76572.554.74$8,360
Jun 201002,07170.364.91$10,169
May 201001,28471.124.24$5,438
Apr 201001,03981.694.12$4,283
Mar 201001,29978.394.39$5,701
Feb 201001,53673.585.44$8,359
Jan 201001,52774.365.96$9,107
Dec 200901,57771.445.48$8,648
Nov 200901,24774.593.75$4,678
Oct 200901,54272.544.11$6,338
Sep 200901,39165.543.06$4,263
Aug 200901,70767.423.22$5,494
Jul 200901,51661.133.46$5,252
Jun 200901,79366.163.90$6,984
May 200901,57854.743.93$6,195
Apr 200901,65646.773.59$5,941
Mar 200901,39742.144.06$5,670
Feb 200901,61332.814.63$7,473
Jan 200902,32935.865.37$12,509
Dec 200801,60637.105.98$9,599
Nov 200801,38055.496.86$9,467
Oct 200801,45475.246.92$10,065
Sep 200801,159101.767.88$9,130
Aug 200801,571114.228.48$13,327
Jul 200801,264131.0811.39$14,396
Jun 200801,208131.3313.03$15,743
May 200801,270123.1711.57$14,699
Apr 200801,352110.3110.45$14,135
Mar 200802,047101.909.66$19,782
Feb 200801,57592.538.77$13,814
Jan 200802,20890.388.21$18,118
Dec 200702,26688.337.30$16,546
Nov 200701,84291.677.29$13,431
Oct 200702,08382.856.92$14,418
Sep 2007721,61375.846.24$15,532
Aug 20073301,87369.066.39$34,754
Jul 20073263,14270.906.39$43,184
Jun 20071892,92362.007.55$33,782
May 20072962,17558.747.85$34,453
Apr 2007162,17759.617.81$17,946
Mar 2007202,74256.927.30$21,160
Feb 2007213,32655.108.22$28,484
Jan 2007201,80950.306.73$13,175
Dec 2006171,69956.656.92$12,717
Nov 20061292454.207.62$7,689
Oct 2006101,60054.906.01$10,171
Sep 2006099560.085.04$5,012
Aug 200602,04768.717.34$15,025
Jul 200601,27269.376.34$8,068
Jun 200601,20966.286.38$7,718
May 200601,76666.016.42$11,347
Apr 200651,19864.397.36$9,140
Mar 2006191,90856.707.08$14,592
Feb 2006171,70857.597.75$14,218
Jan 2006262,11060.598.93$20,425
Dec 2005282,43454.9413.42$34,191
Nov 2005342,64054.6910.59$29,813
Oct 2005282,98958.3413.80$42,869
Sep 2005232,98461.4512.08$37,457
Aug 2005222,15161.519.80$22,426
Jul 2005181,96655.697.84$16,423
Jun 2005161,32652.337.38$10,625
May 2005191,47145.226.65$10,643
Apr 2005291,77849.207.36$14,514
Mar 200501,82450.377.15$13,051
Feb 200501,91945.226.31$12,113
Jan 200504,85843.166.32$30,713
Dec 200402,74639.866.75$18,538
Nov 200402,91845.286.33$18,472
Oct 200443,31149.706.52$21,770
Sep 2004192,05743.245.28$11,691
Aug 2004232,40742.375.55$14,335
Jul 2004292,51638.286.08$16,418
Jun 2004502,64436.106.43$18,814
May 2004382,48437.486.49$17,557
Apr 2004593,41334.475.86$22,029
Mar 2004633,22934.365.53$20,022
Feb 2004663,08932.455.51$19,161
Jan 2004803,48632.036.30$24,523
Dec 2003552,77430.266.30$19,145
Nov 2003662,94728.804.60$15,443
Oct 2003743,39528.174.76$18,244
Sep 2003812,81326.314.75$15,491
Aug 2003442,10029.765.13$12,082
Jul 2003702,83529.415.17$16,718
Jun 2003692,97328.565.98$19,758
May 2003632,86826.595.97$18,805
Apr 2003813,22826.675.41$19,615
Mar 2003343,62731.146.10$23,169
Feb 2003243,11833.487.93$25,516
Jan 2003323,32330.315.58$19,519
Dec 2002303,64626.914.85$18,504
Nov 2002353,68024.664.14$16,087
Oct 2002585,68826.464.23$25,590
Sep 2002505,65627.443.64$21,933
Aug 2002385,77025.963.16$19,244
Jul 2002264,16424.583.06$13,388
Jun 2002212,78023.733.34$9,779
May 2002403,79524.663.58$14,588
Apr 2002584,04523.653.51$15,579
Mar 2002553,70622.003.10$12,709
Feb 2002443,23818.222.38$8,494
Jan 2002623,82917.172.38$10,161
Dec 2001693,93616.932.36$10,474
Nov 2001513,46718.072.41$9,262
Oct 2001644,71319.782.53$13,185
Sep 2001264,55724.262.25$10,890
Aug 2001265,36524.873.05$17,027
Jul 2001275,43123.933.20$18,009
Jun 2001255,39924.563.82$21,261
May 2001265,77425.524.31$25,534
Apr 2001316,95424.685.34$37,867
Mar 200144,23424.545.38$22,862
Feb 200155,41127.755.77$31,344
Jan 200123,55827.478.40$29,938
Dec 200055,65926.889.12$51,759
Nov 200043,79932.215.66$21,624
Oct 200085,42631.235.15$28,169
Sep 2000178,08431.875.19$42,469
Aug 2000177,32329.644.54$33,756
Jul 2000167,29428.534.09$30,287
Jun 2000229,05029.304.40$40,440
May 2000196,65727.263.68$25,014
Apr 2000238,07324.513.12$25,719
Mar 200007,72128.422.86$22,080
Feb 200007,27327.622.73$19,830
Jan 200007,94425.272.48$19,705
Dec 199959,66424.282.42$23,544
Nov 1999499,90923.192.43$25,255
Oct 1999275,25420.982.80$15,297
Sep 1999336,92921.752.62$18,864
Aug 1999449,98419.262.88$29,557
Jul 1999439,87117.892.37$24,187
Jun 1999289,59715.942.36$23,115
May 19993211,00215.792.32$26,041
Apr 19993211,72915.102.21$26,381
Mar 19994113,05512.471.84$24,511
Feb 19993412,2459.981.82$22,598
Jan 19994313,67110.381.90$26,421
Dec 19986214,8099.201.77$26,832
Nov 19987214,56510.892.19$32,619
Oct 19986514,93412.421.97$30,215
Sep 19986313,51612.592.08$28,942
Aug 19985812,42911.301.91$24,362
Jul 19989217,88411.742.24$41,091
Jun 19989120,22911.242.24$46,281
May 19989220,20312.622.21$45,736
Apr 19987514,58613.042.51$37,521
Mar 199813715,20512.802.31$36,869
Feb 199816320,32213.952.30$48,997
Jan 199819625,34414.702.15$57,492
Dec 199722126,00516.322.41$66,307
Nov 199738623,59218.193.09$79,880
Oct 199734629,23619.253.15$98,749
Sep 199738232,83317.742.95$103,794
Aug 199729437,13517.862.55$100,121
Jul 199730740,50717.582.25$96,414
Jun 199742244,18917.242.26$107,019
May 199739241,30318.972.31$102,784
Apr 199743438,38017.882.08$87,697
Mar 199741842,22818.951.94$89,807
Feb 199741441,00320.492.21$98,931
Jan 199758649,76423.483.54$189,909
Dec 19961,71652,54823.32$40,017
Nov 19961,93657,18321.97$42,534
Oct 19962,03461,33523.31$47,413
Sep 19962,52470,05522.22$56,083
Aug 19963,27187,20520.26$66,270
Jul 19963,486106,43019.55$68,151
Jun 19963,778120,87418.73$70,762
May 19964,867134,37619.43$94,566
Apr 199688432,03721.51$19,015

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             8 bbl  × $106.41 =       $851
Gas                  383 Mcf  × $  3.05 =     $1,167

────────────────────────────────────────────────────
Month total                                   $2,018

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/158325 is the state's own key, not one this site invented.