VAQUILLAS RANCH L

Name: VAQUILLAS RANCH L lease production and value, Mar 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 159238District 04Field 070784752 tax incentive programmesCondensateGasSave Export

Value, all time

$2.3 M

Mar 1996 – May 2026

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

363

no gaps in the span

Streams

condensate, gas

The BENAVIDES (LOBO CONS.) 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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1996-08-13	134742
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	26,059 bbl	$1,063,005
Gas	Production	818,214 Mcf	$1,233,776
Total			$2,296,781

538,327 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 27.5835, -99.1565. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.58351, -99.15648 · 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

0.0%

0 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

9,150 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 9,150 ft.

Completions filed

Mar 1996

1 of 1 wells

1 well


42-47936452	138	9,150 ft	Mar 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 (363)

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

363 months


May 2026	2	61	106.41	3.05	$399
Apr 2026	1	74	98.93	2.87	$311
Mar 2026	1	5	89.75	3.15	$106
Feb 2026	1	5	63.50	3.75	$82
Jan 2026	2	16	59.13	8.00	$246
Dec 2025	2	21	56.66	4.41	$206
Nov 2025	1	29	58.59	3.93	$172
Oct 2025	2	15	59.38	3.30	$168
Sep 2025	1	9	62.74	3.08	$90
Aug 2025	0	13	63.93	3.01	$39
Jul 2025	1	26	66.74	3.32	$153
Jun 2025	1	24	66.48	3.13	$142
May 2025	1	27	60.55	3.23	$148
Apr 2025	1	34	62.36	3.54	$183
Mar 2025	0	23	67.70	4.27	$98
Feb 2025	1	0	70.88	4.34	$71
Jan 2025	0	19	74.32	4.28	$81
Dec 2024	1	22	68.99	3.12	$138
Nov 2024	1	25	69.05	2.20	$124
Oct 2024	2	27	71.37	2.28	$204
Sep 2024	0	35	69.61	2.36	$83
Aug 2024	1	31	75.63	2.06	$140
Jul 2024	0	27	79.93	2.15	$58
Jun 2024	0	27	78.08	2.63	$71
May 2024	0	111	78.81	2.20	$244
Apr 2024	0	114	84.45	1.66	$189
Mar 2024	0	112	80.30	1.55	$173
Feb 2024	0	104	76.09	1.78	$186
Jan 2024	0	117	73.02	3.30	$386
Dec 2023	0	100	71.26	2.61	$261
Nov 2023	0	104	77.89	2.81	$292
Oct 2023	0	102	85.44	3.09	$315
Sep 2023	0	97	89.04	2.74	$265
Aug 2023	0	109	80.52	2.67	$291
Jul 2023	0	101	74.85	2.64	$267
Jun 2023	0	90	68.96	2.26	$203
May 2023	0	100	70.62	2.23	$223
Apr 2023	0	104	78.12	2.24	$233
Mar 2023	0	112	72.85	2.39	$268
Feb 2023	0	107	75.11	2.47	$264
Jan 2023	0	101	76.53	3.39	$342
Dec 2022	0	90	76.41	5.73	$516
Nov 2022	0	106	85.00	5.65	$599
Oct 2022	0	121	87.18	5.86	$710
Sep 2022	0	72	84.88	8.16	$588
Aug 2022	0	69	94.52	9.13	$630
Jul 2022	0	96	101.58	7.54	$724
Jun 2022	0	71	115.09	7.98	$566
May 2022	0	64	109.37	8.43	$540
Apr 2022	0	72	104.22	6.84	$492
Mar 2022	0	95	108.88	5.08	$482
Feb 2022	0	111	91.05	4.86	$539
Jan 2022	0	71	81.84	4.54	$322
Dec 2021	0	93	71.32	3.90	$363
Nov 2021	0	12	77.43	5.24	$63
Oct 2021	0	38	79.79	5.71	$217
Sep 2021	0	41	69.86	5.35	$219
Aug 2021	0	47	66.02	4.22	$198
Jul 2021	0	61	70.78	3.98	$243
Jun 2021	0	64	69.49	3.38	$216
May 2021	0	104	63.48	3.02	$314
Apr 2021	0	58	60.36	2.76	$160
Mar 2021	0	120	61.30	2.72	$326
Feb 2021	0	13	57.80	5.55	$72
Jan 2021	0	92	50.41	2.81	$259
Dec 2020	0	79	44.64	2.68	$211
Nov 2020	0	79	38.77	2.71	$214
Oct 2020	0	112	36.97	2.48	$278
Sep 2020	0	129	37.09	1.99	$257
Aug 2020	0	156	39.98	2.39	$372
Jul 2020	0	131	38.37	1.83	$239
Jun 2020	0	84	34.90	1.69	$142
May 2020	0	123	16.92	1.81	$223
Apr 2020	0	118	14.75	1.80	$213
Mar 2020	0	116	30.34	1.86	$215
Feb 2020	0	145	49.88	1.98	$287
Jan 2020	0	134	57.25	2.09	$281
Dec 2019	0	147	59.01	2.30	$339
Nov 2019	0	134	55.30	2.75	$369
Oct 2019	0	134	53.47	2.42	$324
Sep 2019	0	148	55.05	2.66	$393
Aug 2019	0	157	53.11	2.30	$362
Jul 2019	0	151	56.27	2.46	$371
Jun 2019	0	117	52.78	2.49	$291
May 2019	0	39	58.48	2.74	$107
Apr 2019	1	0	62.63	2.75	$63
Mar 2019	1	117	56.80	3.06	$415
Feb 2019	2	106	50.85	2.79	$398
Jan 2019	2	107	46.03	3.23	$437
Dec 2018	2	85	46.59	4.19	$449
Nov 2018	3	97	52.93	4.24	$570
Oct 2018	3	119	61.44	3.40	$589
Sep 2018	3	173	59.54	3.11	$716
Aug 2018	3	115	59.40	3.07	$531
Jul 2018	1	142	65.14	2.93	$481
Jun 2018	2	138	60.18	3.08	$545
May 2018	0	115	65.38	2.90	$334
Apr 2018	0	122	63.84	2.90	$354
Mar 2018	0	127	61.22	2.79	$354
Feb 2018	0	228	61.78	2.77	$631
Jan 2018	1	166	62.87	4.01	$728
Dec 2017	2	233	57.27	2.92	$795
Nov 2017	5	173	55.42	3.12	$817
Oct 2017	11	204	49.29	2.98	$1,151
Sep 2017	13	374	47.52	3.09	$1,772
Aug 2017	15	310	45.37	3.00	$1,612
Jul 2017	14	246	43.87	3.09	$1,374
Jun 2017	14	306	42.49	3.09	$1,540
May 2017	13	301	45.37	3.26	$1,572
Apr 2017	10	211	47.93	3.21	$1,157
Mar 2017	10	192	46.77	2.98	$1,041
Feb 2017	11	212	50.45	2.95	$1,181
Jan 2017	15	239	49.41	3.42	$1,558
Dec 2016	9	317	48.76	3.72	$1,619
Nov 2016	5	241	42.49	2.64	$850
Oct 2016	0	245	46.19	3.09	$757
Sep 2016	1	194	41.55	3.10	$643
Aug 2016	1	259	41.44	2.92	$799
Jul 2016	1	195	41.62	2.92	$612
Jun 2016	3	173	45.35	2.69	$601
May 2016	8	202	42.52	1.99	$742
Apr 2016	28	224	36.56	1.99	$1,470
Mar 2016	35	217	33.01	1.79	$1,545
Feb 2016	32	262	26.47	2.06	$1,388
Jan 2016	55	526	27.35	2.36	$2,748
Dec 2015	38	1,739	32.36	2.00	$4,710
Nov 2015	5	9	38.79	2.17	$213
Oct 2015	2	247	43.55	2.43	$686
Sep 2015	1	311	42.99	2.76	$901
Aug 2015	4	349	40.16	2.87	$1,163
Jul 2015	8	638	48.15	2.95	$2,264
Jun 2015	4	628	56.15	2.88	$2,035
May 2015	14	519	55.21	2.96	$2,307
Apr 2015	11	1,394	49.82	2.71	$4,321
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	11	109	44.66	2.98	$816
Jan 2015	46	1,084	43.43	3.10	$5,359
Dec 2014	41	1,248	54.69	3.59	$6,724
Nov 2014	31	498	70.46	4.25	$4,302
Oct 2014	20	760	78.30	3.90	$4,531
Sep 2014	0	1,128	86.16	4.05	$4,563
Aug 2014	0	967	89.39	4.04	$3,902
Jul 2014	0	731	96.56	4.18	$3,055
Jun 2014	0	1,248	98.16	4.74	$5,912
May 2014	0	1,043	94.73	4.73	$4,930
Apr 2014	22	879	95.94	4.81	$6,338
Mar 2014	68	1,015	95.89	5.06	$11,653
Feb 2014	37	1,056	97.40	6.19	$10,143
Jan 2014	46	934	90.40	4.86	$8,698
Dec 2013	67	995	91.82	4.35	$10,485
Nov 2013	47	864	88.85	3.74	$7,406
Oct 2013	37	1,084	97.42	3.78	$7,701
Sep 2013	0	674	104.11	3.72	$2,506
Aug 2013	0	914	104.25	3.52	$3,220
Jul 2013	0	1,618	102.52	3.72	$6,015
Jun 2013	0	753	94.40	3.93	$2,962
May 2013	127	936	94.83	4.15	$15,927
Apr 2013	391	1,272	93.96	4.28	$42,186
Mar 2013	646	483	93.62	3.91	$62,368
Feb 2013	585	1,341	91.23	3.42	$57,956
Jan 2013	611	1,592	91.60	3.42	$61,412
Dec 2012	587	1,141	86.77	3.42	$54,836
Nov 2012	391	1,384	86.95	3.62	$39,014
Oct 2012	386	3,154	89.38	3.40	$45,223
Sep 2012	581	3,458	94.67	2.92	$65,095
Aug 2012	576	4,147	92.66	2.91	$65,432
Jul 2012	569	3,189	85.13	3.02	$58,072
Jun 2012	385	1,410	79.82	2.52	$34,283
May 2012	572	485	91.61	2.49	$53,608
Apr 2012	455	1,318	101.65	2.00	$48,883
Mar 2012	7	361	105.05	2.22	$1,538
Feb 2012	17	1,854	101.10	2.57	$6,484
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	138	95.72	3.31	$457
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	63	83.62	3.99	$251
Aug 2011	0	1,095	83.40	4.15	$4,544
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	2,000	98.13	4.40	$8,810
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	88	86.50	4.59	$404
Dec 2010	0	1,198	85.73	4.35	$5,209
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	229	78.10	3.51	$804
Sep 2010	0	275	72.63	3.98	$1,094
Aug 2010	0	632	73.68	4.42	$2,793
Jul 2010	0	373	72.55	4.74	$1,767
Jun 2010	0	537	70.36	4.91	$2,637
May 2010	0	332	71.12	4.24	$1,406
Apr 2010	0	540	81.69	4.12	$2,226
Mar 2010	0	690	78.39	4.39	$3,028
Feb 2010	0	534	73.58	5.44	$2,906
Jan 2010	0	547	74.36	5.96	$3,262
Dec 2009	0	372	71.44	5.48	$2,040
Nov 2009	0	533	74.59	3.75	$2,000
Oct 2009	0	430	72.54	4.11	$1,767
Sep 2009	0	471	65.54	3.06	$1,444
Aug 2009	0	591	67.42	3.22	$1,902
Jul 2009	0	540	61.13	3.46	$1,871
Jun 2009	0	706	66.16	3.90	$2,750
May 2009	0	195	54.74	3.93	$766
Apr 2009	0	498	46.77	3.59	$1,787
Mar 2009	0	2,525	42.14	4.06	$10,249
Feb 2009	0	901	32.81	4.63	$4,174
Jan 2009	0	138	35.86	5.37	$741
Dec 2008	0	340	37.10	5.98	$2,032
Nov 2008	0	743	55.49	6.86	$5,097
Oct 2008	0	893	75.24	6.92	$6,181
Sep 2008	0	1,459	101.76	7.88	$11,493
Aug 2008	0	590	114.22	8.48	$5,005
Jul 2008	0	515	131.08	11.39	$5,866
Jun 2008	0	1,617	131.33	13.03	$21,074
May 2008	0	1,311	123.17	11.57	$15,174
Apr 2008	0	595	110.31	10.45	$6,221
Mar 2008	0	846	101.90	9.66	$8,176
Feb 2008	0	400	92.53	8.77	$3,508
Jan 2008	0	1,411	90.38	8.21	$11,578
Dec 2007	0	414	88.33	7.30	$3,023
Nov 2007	0	1,296	91.67	7.29	$9,450
Oct 2007	0	1,059	82.85	6.92	$7,330
Sep 2007	0	1,302	75.84	6.24	$8,130
Aug 2007	0	2,430	69.06	6.39	$15,523
Jul 2007	0	2,574	70.90	6.39	$16,443
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	508	58.74	7.85	$3,986
Apr 2007	0	2,215	59.61	7.81	$17,289
Mar 2007	0	2,207	56.92	7.30	$16,115
Feb 2007	0	1,993	55.10	8.22	$16,374
Jan 2007	0	1,514	50.30	6.73	$10,184
Dec 2006	0	1,866	56.65	6.92	$12,910
Nov 2006	0	2,825	54.20	7.62	$21,519
Oct 2006	0	3,032	54.90	6.01	$18,234
Sep 2006	0	4,360	60.08	5.04	$21,962
Aug 2006	0	5,130	68.71	7.34	$37,654
Jul 2006	0	7,016	69.37	6.34	$44,501
Jun 2006	0	9,782	66.28	6.38	$62,447
May 2006	0	16,558	66.01	6.42	$106,385
Apr 2006	0	17,348	64.39	7.36	$127,690
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
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	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	1,806	10.38	1.90	$3,431
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	120	11.30	1.91	$229
Jul 1998	0	214	11.74	2.24	$479
Jun 1998	4	6,307	11.24	2.24	$14,155
May 1998	3	1,831	12.62	2.21	$4,078
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	2	318	12.80	2.31	$760
Feb 1998	4	246	13.95	2.30	$621
Jan 1998	7	982	14.70	2.15	$2,219
Dec 1997	1	0	16.32	2.41	$16
Nov 1997	7	359	18.19	3.09	$1,236
Oct 1997	26	1,597	19.25	3.15	$5,531
Sep 1997	38	2,368	17.74	2.95	$7,671
Aug 1997	103	10,794	17.86	2.55	$29,415
Jul 1997	88	9,787	17.58	2.25	$23,538
Jun 1997	82	7,021	17.24	2.26	$17,261
May 1997	112	9,333	18.97	2.31	$23,670
Apr 1997	204	15,320	17.88	2.08	$35,556
Mar 1997	28	2,260	18.95	1.94	$4,913
Feb 1997	77	5,944	20.49	2.21	$14,690
Jan 1997	322	22,392	23.48	3.54	$86,822
Dec 1996	958	34,882	23.32	—	$22,341
Nov 1996	447	14,835	21.97	—	$9,821
Oct 1996	804	27,734	23.31	—	$18,741
Sep 1996	1,169	39,480	22.22	—	$25,975
Aug 1996	342	10,352	20.26	—	$6,929
Jul 1996	599	19,802	19.55	—	$11,710
Jun 1996	1,700	59,607	18.73	—	$31,841
May 1996	3,786	111,843	19.43	—	$73,562
Apr 1996	6,482	198,419	21.51	—	$139,428
Mar 1996	860	21,373	19.38	—	$16,667

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             2 bbl  × $106.41 =       $213
Gas                   61 Mcf  × $  3.05 =       $186

────────────────────────────────────────────────────
Month total                                     $399

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/159238 is the state's own key, not one this site invented.