L & P

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

Gas lease lease 162124District 04Field 509250152 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.8 M
Feb 1997 – Jun 2019
Value, last 12 filed months
$135 k
at the published price for each month
Months reported
269
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 719 leases and 719 wells, and the rule below applies to all of them.

Discovered
1999-06-29
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 Gas111997-04-22136307
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
CondensateDisposition3,590 bbl$119,010
GasProduction2,315,904 Mcf$8,679,861
Total$8,798,872

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 27.2615, -99.3630. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.26149, -99.36298 · 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
0.0%
0 of 1 wells
Median depth
9,700 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 9,700 ft.

Completions filed
Jun 2019
1 of 1 wells

1 well

42-5053347389,700 ftJun 2019Yes

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 (269)

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

269 months

Jun 2019010,66052.782.49$26,556
May 201903,27858.482.74$8,983
Apr 201903,10862.632.75$8,549
Mar 201903,28056.803.06$10,044
Feb 201902,86450.852.79$7,997
Jan 201903,15846.033.23$10,195
Dec 201803,02746.594.19$12,669
Nov 201802,72752.934.24$11,555
Oct 201803,12161.443.40$10,605
Sep 201803,05559.543.11$9,495
Aug 201803,09859.403.07$9,500
Jul 201803,07165.142.93$9,004
Jun 201802,87060.183.08$8,831
May 201803,19965.382.90$9,280
Apr 201802,93263.842.90$8,505
Mar 201803,20061.222.79$8,918
Feb 201802,92061.782.77$8,077
Jan 201803,10162.874.01$12,433
Dec 201703,12757.272.92$9,136
Nov 201703,23255.423.12$10,079
Oct 201703,16149.292.98$9,431
Sep 201703,05447.523.09$9,429
Aug 201703,30345.373.00$9,924
Jul 201703,32143.873.09$10,253
Jun 201703,25342.493.09$10,043
May 201703,34245.373.26$10,906
Apr 201703,20747.933.21$10,300
Mar 201703,25346.772.98$9,706
Feb 201703,03850.452.95$8,970
Jan 201703,38349.413.42$11,566
Dec 201603,21948.763.72$11,984
Nov 201603,26742.492.64$8,639
Oct 201603,51546.193.09$10,862
Sep 201603,10341.553.10$9,621
Aug 201602,96641.442.92$8,674
Jul 201603,45141.622.92$10,092
Jun 201603,42945.352.69$9,210
May 201603,67042.521.99$7,307
Apr 201603,47336.561.99$6,915
Mar 201603,60333.011.79$6,464
Feb 201603,80226.472.06$7,846
Jan 2016242,79727.352.36$7,270
Dec 201503,04732.362.00$6,098
Nov 201503,44438.792.17$7,464
Oct 201503,62443.552.43$8,794
Sep 201503,53442.992.76$9,748
Aug 201503,35340.162.87$9,631
Jul 2015873,52048.152.95$14,556
Jun 201503,40356.152.88$9,810
May 201503,67455.212.96$10,858
Apr 201503,42949.822.71$9,281
Mar 201503,71242.892.93$10,894
Feb 201503,39244.662.98$10,095
Jan 201503,70243.433.10$11,479
Dec 201403,68154.693.59$13,220
Nov 201403,66370.464.25$15,574
Oct 201403,94078.303.90$15,370
Sep 201403,65286.164.05$14,774
Aug 201403,25589.394.04$13,134
Jul 201403,85496.564.18$16,108
Jun 2014523,64198.164.74$22,351
May 201403,74294.734.73$17,687
Apr 201403,70395.944.81$17,808
Mar 201403,79395.895.06$19,180
Feb 201403,46097.406.19$21,424
Jan 201403,90990.404.86$19,001
Dec 201303,84691.824.35$16,747
Nov 201303,77588.853.74$14,112
Oct 201303,83997.423.78$14,509
Sep 201303,714104.113.72$13,808
Aug 201303,974104.253.52$13,999
Jul 2013944,017102.523.72$24,571
Jun 201303,95294.403.93$15,545
May 201304,12294.834.15$17,103
Apr 201303,88293.964.28$16,625
Mar 201304,07993.623.91$15,961
Feb 201304,03791.233.42$13,806
Jan 201303,77591.603.42$12,910
Dec 201203,92786.773.42$13,431
Nov 201203,93986.953.62$14,279
Oct 201204,19689.383.40$14,265
Sep 201204,10494.672.92$11,977
Aug 201204,01392.662.91$11,670
Jul 201204,25285.133.02$12,844
Jun 201204,03879.822.52$10,172
May 201204,39991.612.49$10,946
Apr 201204,279101.652.00$8,544
Mar 201204,364105.052.22$9,697
Feb 201204,276101.102.57$10,990
Jan 2012794,62398.092.73$20,389
Dec 201104,57996.873.24$14,835
Nov 201104,25395.723.31$14,083
Oct 201104,30484.983.65$15,703
Sep 201104,07183.623.99$16,226
Aug 201104,14383.404.15$17,191
Jul 201104,15594.144.52$18,769
Jun 201104,04492.904.64$18,764
May 201104,34998.134.40$19,157
Apr 201104,270105.964.33$18,503
Mar 201104,54196.364.06$18,424
Feb 201104,11385.644.18$17,192
Jan 201104,66186.504.59$21,388
Dec 201004,59285.734.35$19,965
Nov 201004,46280.843.80$16,935
Oct 201004,55278.103.51$15,972
Sep 201004,39172.633.98$17,474
Aug 201004,57273.684.42$20,205
Jul 201004,08472.554.74$19,344
Jun 201004,29970.364.91$21,110
May 201004,44471.124.24$18,821
Apr 201004,27581.694.12$17,625
Mar 201004,50178.394.39$19,753
Feb 201004,52273.585.44$24,610
Jan 20101104,84074.365.96$37,046
Dec 200904,75271.445.48$26,059
Nov 200904,57174.593.75$17,148
Oct 200904,84072.544.11$19,894
Sep 200904,62665.543.06$14,178
Aug 200904,83767.423.22$15,568
Jul 200904,87161.133.46$16,876
Jun 200904,82366.163.90$18,786
May 200904,84554.743.93$19,020
Apr 200904,78046.773.59$17,148
Mar 2009385,10642.144.06$22,327
Feb 200904,55232.814.63$21,089
Jan 200905,01935.865.37$26,957
Dec 200805,01837.105.98$29,993
Nov 200804,80455.496.86$32,957
Oct 2008574,89475.246.92$38,165
Sep 200804,474101.767.88$35,242
Aug 200805,115114.228.48$43,391
Jul 200805,315131.0811.39$60,535
Jun 200805,143131.3313.03$67,027
May 200805,030123.1711.57$58,219
Apr 2008494,817110.3110.45$55,766
Mar 200804,752101.909.66$45,924
Feb 200804,96592.538.77$43,546
Jan 200805,06790.388.21$41,578
Dec 2007885,22288.337.30$45,904
Nov 200705,11491.677.29$37,290
Oct 200705,40182.856.92$37,386
Sep 200705,71275.846.24$35,667
Aug 200706,18069.066.39$39,477
Jul 200705,43670.906.39$34,725
Jun 200704,63562.007.55$34,987
May 200705,54658.747.85$43,515
Apr 200705,47559.617.81$42,733
Mar 200705,68956.927.30$41,541
Feb 2007494,99955.108.22$43,772
Jan 200704,51650.306.73$30,378
Dec 200604,88056.656.92$33,762
Nov 200605,28254.207.62$40,236
Oct 200605,20254.906.01$31,284
Sep 200605,49460.085.04$27,674
Aug 2006635,78368.717.34$46,775
Jul 200605,98769.376.34$37,974
Jun 200606,02866.286.38$38,482
May 200605,72766.016.42$36,796
Apr 200606,01964.397.36$44,303
Mar 200606,26356.707.08$44,360
Feb 200605,82057.597.75$45,112
Jan 200606,64960.598.93$59,398
Dec 200506,89154.9413.42$92,446
Nov 2005506,62454.6910.59$72,872
Oct 200507,11958.3413.80$98,212
Sep 200506,91761.4512.08$83,550
Aug 200507,08261.519.80$69,381
Jul 200507,10555.697.84$55,729
Jun 200507,27752.337.38$53,712
May 200506,49245.226.65$43,179
Apr 200507,41049.207.36$54,541
Mar 200508,71850.377.15$62,376
Feb 200504,62745.226.31$29,205
Jan 2005804,97043.166.32$34,874
Dec 200406,26039.866.75$42,262
Nov 200409,72745.286.33$61,576
Oct 200403,68249.706.52$23,989
Sep 200405,69143.245.28$30,071
Aug 200405,70142.375.55$31,644
Jul 2004956,14838.286.08$41,042
Jun 200405,49036.106.43$35,317
May 200405,79637.486.49$37,643
Apr 200405,73634.475.86$33,604
Mar 200406,29234.365.53$34,796
Feb 200405,92432.455.51$32,639
Jan 200406,07432.036.30$38,264
Dec 2003556,98130.266.30$45,656
Nov 200306,21028.804.60$28,536
Oct 200306,02328.174.76$28,667
Sep 200306,50526.314.75$30,895
Aug 200306,59829.765.13$33,846
Jul 200306,58229.415.17$34,034
Jun 2003446,57728.565.98$40,607
May 200307,15026.595.97$42,705
Apr 200306,69526.675.41$36,202
Mar 2003708,07331.146.10$51,393
Feb 200306,65833.487.93$52,771
Jan 200306,81830.315.58$38,058
Dec 200207,92326.914.85$38,456
Nov 200208,29924.664.14$34,333
Oct 200207,60426.464.23$32,158
Sep 2002916,40527.443.64$25,781
Aug 200208,39525.963.16$26,563
Jul 200206,41624.583.06$19,644
Jun 200208,08023.733.34$26,973
May 200208,09024.663.58$28,995
Apr 200208,45923.653.51$29,711
Mar 200209,06622.003.10$28,129
Feb 200208,04318.222.38$19,108
Jan 20021428,12517.172.38$21,741
Dec 200108,93716.932.36$21,131
Nov 200109,64518.072.41$23,201
Oct 200108,36719.782.53$21,159
Sep 200109,08024.262.25$20,442
Aug 200109,83424.873.05$30,025
Jul 2001010,27423.933.20$32,847
Jun 2001010,04324.563.82$38,406
May 2001010,89125.524.31$46,911
Apr 200109,82324.685.34$52,409
Mar 2001010,97024.545.38$58,980
Feb 2001010,91127.755.77$62,925
Jan 200109,81227.478.40$82,409
Dec 2000010,28326.889.12$93,807
Nov 2000010,40232.215.66$58,855
Oct 200009,98731.235.15$51,388
Sep 2000011,47731.875.19$59,525
Aug 2000013,46429.644.54$61,137
Jul 2000013,40128.534.09$54,807
Jun 2000013,51329.304.40$59,420
May 2000014,64027.263.68$53,872
Apr 200014015,93424.513.12$53,082
Mar 2000012,29128.422.86$35,149
Feb 2000010,35127.622.73$28,222
Jan 2000013,95125.272.48$34,605
Dec 1999015,44524.282.42$37,434
Nov 1999015,78323.192.43$38,416
Oct 199912416,38020.982.80$48,526
Sep 1999012,06821.752.62$31,604
Aug 1999015,60919.262.88$44,885
Jul 1999016,24617.892.37$38,542
Jun 1999016,19615.942.36$38,257
May 1999017,69715.792.32$41,075
Apr 1999017,56615.102.21$38,787
Mar 199914518,97512.471.84$36,690
Feb 1999018,1289.981.82$32,953
Jan 1999021,74110.381.90$41,307
Dec 1998023,6169.201.77$41,879
Nov 1998029,85310.892.19$65,250
Oct 1998032,29212.421.97$63,590
Sep 1998038,52912.592.08$80,241
Aug 199815738,06711.301.91$74,381
Jul 1998032,39911.742.24$72,485
Jun 199813835,32111.242.24$80,574
May 1998026,75012.622.21$59,020
Apr 1998021,49813.042.51$53,860
Mar 1998024,40112.802.31$56,353
Feb 199815321,94013.952.30$52,577
Jan 1998025,98714.702.15$55,997
Dec 199715226,90616.322.41$67,354
Nov 1997027,56718.193.09$85,134
Oct 19979130,19819.253.15$96,870
Sep 199716131,34717.742.95$95,483
Aug 1997035,52317.862.55$90,752
Jul 199715338,63717.582.25$89,505
Jun 1997041,88217.242.26$94,536
May 199725248,21618.972.31$116,087
Apr 199716554,53117.882.08$116,526
Mar 199718169,33618.951.94$137,882
Feb 199716181,18620.492.21$182,387

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.

Jun 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 52.78 =         $0
Gas               10,660 Mcf  × $  2.49 =    $26,556

────────────────────────────────────────────────────
Month total                                  $26,556

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/162124 is the state's own key, not one this site invented.