BENAVIDES - STATE GU

Name: BENAVIDES - STATE GU lease production and value, Jun 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the LOPENO, NE. (8850) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159245District 04Field 548696922 tax incentive programmesGasSave Export

Value, all time

$1.8 M

Jun 1996 – May 2011

Value, last 12 filed months

$234

at the published price for each month

Months reported

180

no gaps in the span

Streams

gas

The LOPENO, NE. (8850) 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered

1995-07-28

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 10/01/96.”

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	2003-10-07	153363
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
Gas	Production	950,754 Mcf	$1,774,755
Total			$1,774,755

268,948 Mcf of this lease's gas, across 7 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 26.7752, -99.0722. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.77522, -99.07216 · 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

0.0%

0 of 1 wells

Median depth

9,850 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

1100.0%

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.

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 9,850 ft.

Completions filed

May 2011

1 of 1 wells

1 well


42-50533016	2	9,850 ft	May 2011	—	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 (180)

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

180 months


May 2011	7	98.13	4.40	$31
Apr 2011	0	105.96	4.33	$0
Mar 2011	8	96.36	4.06	$32
Feb 2011	0	85.64	4.18	$0
Jan 2011	13	86.50	4.59	$60
Dec 2010	3	85.73	4.35	$13
Nov 2010	5	80.84	3.80	$19
Oct 2010	8	78.10	3.51	$28
Sep 2010	0	72.63	3.98	$0
Aug 2010	6	73.68	4.42	$27
Jul 2010	3	72.55	4.74	$14
Jun 2010	2	70.36	4.91	$10
May 2010	0	71.12	4.24	$0
Apr 2010	5	81.69	4.12	$21
Mar 2010	10	78.39	4.39	$44
Feb 2010	3	73.58	5.44	$16
Jan 2010	13	74.36	5.96	$78
Dec 2009	0	71.44	5.48	$0
Nov 2009	9	74.59	3.75	$34
Oct 2009	9	72.54	4.11	$37
Sep 2009	10	65.54	3.06	$31
Aug 2009	21	67.42	3.22	$68
Jul 2009	0	61.13	3.46	$0
Jun 2009	10	66.16	3.90	$39
May 2009	10	54.74	3.93	$39
Apr 2009	16	46.77	3.59	$57
Mar 2009	13	42.14	4.06	$53
Feb 2009	22	32.81	4.63	$102
Jan 2009	0	35.86	5.37	$0
Dec 2008	0	37.10	5.98	$0
Nov 2008	2	55.49	6.86	$14
Oct 2008	10	75.24	6.92	$69
Sep 2008	26	101.76	7.88	$205
Aug 2008	0	114.22	8.48	$0
Jul 2008	126	131.08	11.39	$1,435
Jun 2008	86	131.33	13.03	$1,121
May 2008	95	123.17	11.57	$1,100
Apr 2008	100	110.31	10.45	$1,045
Mar 2008	5	101.90	9.66	$48
Feb 2008	59	92.53	8.77	$517
Jan 2008	36	90.38	8.21	$295
Dec 2007	23	88.33	7.30	$168
Nov 2007	16	91.67	7.29	$117
Oct 2007	21	82.85	6.92	$145
Sep 2007	16	75.84	6.24	$100
Aug 2007	35	69.06	6.39	$224
Jul 2007	39	70.90	6.39	$249
Jun 2007	31	62.00	7.55	$234
May 2007	60	58.74	7.85	$471
Apr 2007	84	59.61	7.81	$656
Mar 2007	58	56.92	7.30	$424
Feb 2007	142	55.10	8.22	$1,167
Jan 2007	9	50.30	6.73	$61
Dec 2006	0	56.65	6.92	$0
Nov 2006	114	54.20	7.62	$868
Oct 2006	90	54.90	6.01	$541
Sep 2006	59	60.08	5.04	$297
Aug 2006	103	68.71	7.34	$756
Jul 2006	78	69.37	6.34	$495
Jun 2006	78	66.28	6.38	$498
May 2006	50	66.01	6.42	$321
Apr 2006	116	64.39	7.36	$854
Mar 2006	50	56.70	7.08	$354
Feb 2006	31	57.59	7.75	$240
Jan 2006	62	60.59	8.93	$554
Dec 2005	55	54.94	13.42	$738
Nov 2005	53	54.69	10.59	$561
Oct 2005	45	58.34	13.80	$621
Sep 2005	38	61.45	12.08	$459
Aug 2005	24	61.51	9.80	$235
Jul 2005	38	55.69	7.84	$298
Jun 2005	5	52.33	7.38	$37
May 2005	9	45.22	6.65	$60
Apr 2005	22	49.20	7.36	$162
Mar 2005	97	50.37	7.15	$694
Feb 2005	48	45.22	6.31	$303
Jan 2005	91	43.16	6.32	$575
Dec 2004	34	39.86	6.75	$230
Nov 2004	61	45.28	6.33	$386
Oct 2004	113	49.70	6.52	$736
Sep 2004	32	43.24	5.28	$169
Aug 2004	82	42.37	5.55	$455
Jul 2004	314	38.28	6.08	$1,910
Jun 2004	67	36.10	6.43	$431
May 2004	1,036	37.48	6.49	$6,728
Apr 2004	236	34.47	5.86	$1,383
Mar 2004	236	34.36	5.53	$1,305
Feb 2004	127	32.45	5.51	$700
Jan 2004	91	32.03	6.30	$573
Dec 2003	99	30.26	6.30	$624
Nov 2003	109	28.80	4.60	$501
Oct 2003	208	28.17	4.76	$990
Sep 2003	121	26.31	4.75	$575
Aug 2003	112	29.76	5.13	$575
Jul 2003	171	29.41	5.17	$884
Jun 2003	156	28.56	5.98	$933
May 2003	121	26.59	5.97	$723
Apr 2003	18	26.67	5.41	$97
Mar 2003	0	31.14	6.10	$0
Feb 2003	0	33.48	7.93	$0
Jan 2003	0	30.31	5.58	$0
Dec 2002	0	26.91	4.85	$0
Nov 2002	0	24.66	4.14	$0
Oct 2002	360	26.46	4.23	$1,522
Sep 2002	786	27.44	3.64	$2,857
Aug 2002	938	25.96	3.16	$2,968
Jul 2002	692	24.58	3.06	$2,119
Jun 2002	385	23.73	3.34	$1,285
May 2002	707	24.66	3.58	$2,534
Apr 2002	701	23.65	3.51	$2,462
Mar 2002	828	22.00	3.10	$2,569
Feb 2002	837	18.22	2.38	$1,988
Jan 2002	856	17.17	2.38	$2,034
Dec 2001	1,294	16.93	2.36	$3,060
Nov 2001	1,397	18.07	2.41	$3,361
Oct 2001	2,022	19.78	2.53	$5,113
Sep 2001	2,097	24.26	2.25	$4,721
Aug 2001	2,805	24.87	3.05	$8,564
Jul 2001	2,256	23.93	3.20	$7,213
Jun 2001	2,400	24.56	3.82	$9,178
May 2001	2,288	25.52	4.31	$9,855
Apr 2001	2,485	24.68	5.34	$13,258
Mar 2001	2,525	24.54	5.38	$13,576
Feb 2001	2,738	27.75	5.77	$15,790
Jan 2001	2,108	27.47	8.40	$17,705
Dec 2000	1,864	26.88	9.12	$17,004
Nov 2000	2,295	32.21	5.66	$12,985
Oct 2000	2,301	31.23	5.15	$11,840
Sep 2000	2,326	31.87	5.19	$12,064
Aug 2000	2,438	29.64	4.54	$11,070
Jul 2000	2,662	28.53	4.09	$10,887
Jun 2000	2,947	29.30	4.40	$12,959
May 2000	3,004	27.26	3.68	$11,054
Apr 2000	3,082	24.51	3.12	$9,604
Mar 2000	2,949	28.42	2.86	$8,433
Feb 2000	3,469	27.62	2.73	$9,458
Jan 2000	3,599	25.27	2.48	$8,927
Dec 1999	3,499	24.28	2.42	$8,481
Nov 1999	2,955	23.19	2.43	$7,192
Oct 1999	3,137	20.98	2.80	$8,795
Sep 1999	2,949	21.75	2.62	$7,723
Aug 1999	2,857	19.26	2.88	$8,216
Jul 1999	3,646	17.89	2.37	$8,650
Jun 1999	4,014	15.94	2.36	$9,481
May 1999	4,844	15.79	2.32	$11,243
Apr 1999	5,930	15.10	2.21	$13,094
Mar 1999	6,496	12.47	1.84	$11,942
Feb 1999	6,002	9.98	1.82	$10,910
Jan 1999	7,371	10.38	1.90	$14,005
Dec 1998	8,063	9.20	1.77	$14,298
Nov 1998	8,329	10.89	2.19	$18,205
Oct 1998	9,883	12.42	1.97	$19,462
Sep 1998	11,555	12.59	2.08	$24,065
Aug 1998	14,169	11.30	1.91	$27,025
Jul 1998	15,661	11.74	2.24	$35,038
Jun 1998	17,129	11.24	2.24	$38,322
May 1998	18,896	12.62	2.21	$41,691
Apr 1998	19,351	13.04	2.51	$48,481
Mar 1998	22,097	12.80	2.31	$51,032
Feb 1998	20,398	13.95	2.30	$46,898
Jan 1998	24,341	14.70	2.15	$52,450
Dec 1997	15,765	16.32	2.41	$38,011
Nov 1997	22,623	18.19	3.09	$69,866
Oct 1997	25,088	19.25	3.15	$79,023
Sep 1997	24,496	17.74	2.95	$72,383
Aug 1997	27,764	17.86	2.55	$70,930
Jul 1997	29,508	17.58	2.25	$66,303
Jun 1997	38,365	17.24	2.26	$86,597
May 1997	33,118	18.97	2.31	$76,453
Apr 1997	35,124	17.88	2.08	$73,156
Mar 1997	37,990	18.95	1.94	$73,668
Feb 1997	36,501	20.49	2.21	$80,518
Jan 1997	39,266	23.48	3.54	$138,990
Dec 1996	43,009	23.32	—	$0
Nov 1996	27,136	21.97	—	$0
Oct 1996	39,841	23.31	—	$0
Sep 1996	45,622	22.22	—	$0
Aug 1996	52,958	20.26	—	$0
Jul 1996	53,805	19.55	—	$0
Jun 1996	6,577	18.73	—	$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 2011 — as filed, then multipliedworked

Gas                    7 Mcf  × $  4.40 =        $31

────────────────────────────────────────────────────
Month total                                      $31

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/159245 is the state's own key, not one this site invented.