KING RANCH T-LL

Name: KING RANCH T-LL lease production and value, Feb 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EXXON MOBIL CORPORATION (P-5 257128) in the T-C-B (VXBG CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 166583District 04Field 899451052 tax incentive programmesGasSave Export

Value, all time

$2.1 M

Feb 1997 – Dec 2012

Value, last 12 filed months

at the published price for each month

Months reported

191

no gaps in the span

Streams

gas

The T-C-B (VXBG CONSOLIDATED) 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 154 leases and 160 wells, and the rule below applies to all of them.

Discovered

2011-05-24

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 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 2011-06-01.

The Commission's schedule remark for this field reads: “INTO THIS FIELD. EFF DATE IS 02/01/14.”

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	1999-01-20	139874
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	670,305 Mcf	$2,076,642
Total			$2,076,642

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 27.3415, -98.0078. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34149, -98.00776 · 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

100.0%

1 of 1 wells

Median depth

13,367 ft

1 wells filed one

Completion to plug

3 months

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 13,367 ft.

Completions filed

Sep 2012

1 of 1 wells

Plug dates filed

Dec 2012

1 of 1 wells

Last completion to plug: a median of 3 months across the 1 well that filed both dates, with the middle half between 3 months and 3 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-27332239	1001A	13,367 ft	Sep 2012	Dec 2012	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 (191)

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

191 months


Dec 2012	0	86.77	3.42	$0
Nov 2012	0	86.95	3.62	$0
Oct 2012	0	89.38	3.40	$0
Sep 2012	0	94.67	2.92	$0
Aug 2012	0	92.66	2.91	$0
Jul 2012	0	85.13	3.02	$0
Jun 2012	0	79.82	2.52	$0
May 2012	0	91.61	2.49	$0
Apr 2012	0	101.65	2.00	$0
Mar 2012	0	105.05	2.22	$0
Feb 2012	0	101.10	2.57	$0
Jan 2012	0	98.09	2.73	$0
Dec 2011	0	96.87	3.24	$0
Nov 2011	0	95.72	3.31	$0
Oct 2011	0	84.98	3.65	$0
Sep 2011	0	83.62	3.99	$0
Aug 2011	0	83.40	4.15	$0
Jul 2011	0	94.14	4.52	$0
Jun 2011	0	92.90	4.64	$0
May 2011	0	98.13	4.40	$0
Apr 2011	0	105.96	4.33	$0
Mar 2011	0	96.36	4.06	$0
Feb 2011	0	85.64	4.18	$0
Jan 2011	0	86.50	4.59	$0
Dec 2010	0	85.73	4.35	$0
Nov 2010	0	80.84	3.80	$0
Oct 2010	0	78.10	3.51	$0
Sep 2010	0	72.63	3.98	$0
Aug 2010	0	73.68	4.42	$0
Jul 2010	0	72.55	4.74	$0
Jun 2010	0	70.36	4.91	$0
May 2010	0	71.12	4.24	$0
Apr 2010	0	81.69	4.12	$0
Mar 2010	0	78.39	4.39	$0
Feb 2010	0	73.58	5.44	$0
Jan 2010	0	74.36	5.96	$0
Dec 2009	0	71.44	5.48	$0
Nov 2009	0	74.59	3.75	$0
Oct 2009	0	72.54	4.11	$0
Sep 2009	0	65.54	3.06	$0
Aug 2009	0	67.42	3.22	$0
Jul 2009	0	61.13	3.46	$0
Jun 2009	0	66.16	3.90	$0
May 2009	0	54.74	3.93	$0
Apr 2009	0	46.77	3.59	$0
Mar 2009	0	42.14	4.06	$0
Feb 2009	0	32.81	4.63	$0
Jan 2009	0	35.86	5.37	$0
Dec 2008	0	37.10	5.98	$0
Nov 2008	0	55.49	6.86	$0
Oct 2008	0	75.24	6.92	$0
Sep 2008	0	101.76	7.88	$0
Aug 2008	0	114.22	8.48	$0
Jul 2008	0	131.08	11.39	$0
Jun 2008	0	131.33	13.03	$0
May 2008	0	123.17	11.57	$0
Apr 2008	0	110.31	10.45	$0
Mar 2008	0	101.90	9.66	$0
Feb 2008	0	92.53	8.77	$0
Jan 2008	0	90.38	8.21	$0
Dec 2007	0	88.33	7.30	$0
Nov 2007	0	91.67	7.29	$0
Oct 2007	0	82.85	6.92	$0
Sep 2007	0	75.84	6.24	$0
Aug 2007	0	69.06	6.39	$0
Jul 2007	0	70.90	6.39	$0
Jun 2007	0	62.00	7.55	$0
May 2007	0	58.74	7.85	$0
Apr 2007	0	59.61	7.81	$0
Mar 2007	0	56.92	7.30	$0
Feb 2007	0	55.10	8.22	$0
Jan 2007	0	50.30	6.73	$0
Dec 2006	338	56.65	6.92	$2,338
Nov 2006	3,441	54.20	7.62	$26,212
Oct 2006	1,569	54.90	6.01	$9,436
Sep 2006	1,690	60.08	5.04	$8,513
Aug 2006	2,085	68.71	7.34	$15,304
Jul 2006	1,269	69.37	6.34	$8,049
Jun 2006	1,189	66.28	6.38	$7,590
May 2006	2,011	66.01	6.42	$12,921
Apr 2006	2,240	64.39	7.36	$16,487
Mar 2006	0	56.70	7.08	$0
Feb 2006	0	57.59	7.75	$0
Jan 2006	0	60.59	8.93	$0
Dec 2005	0	54.94	13.42	$0
Nov 2005	0	54.69	10.59	$0
Oct 2005	0	58.34	13.80	$0
Sep 2005	932	61.45	12.08	$11,258
Aug 2005	1,554	61.51	9.80	$15,224
Jul 2005	1,660	55.69	7.84	$13,020
Jun 2005	206	52.33	7.38	$1,520
May 2005	792	45.22	6.65	$5,268
Apr 2005	976	49.20	7.36	$7,184
Mar 2005	1,243	50.37	7.15	$8,894
Feb 2005	886	45.22	6.31	$5,592
Jan 2005	1,280	43.16	6.32	$8,092
Dec 2004	1,094	39.86	6.75	$7,386
Nov 2004	2,279	45.28	6.33	$14,427
Oct 2004	919	49.70	6.52	$5,987
Sep 2004	1,545	43.24	5.28	$8,164
Aug 2004	1,261	42.37	5.55	$6,999
Jul 2004	2,218	38.28	6.08	$13,495
Jun 2004	1,834	36.10	6.43	$11,798
May 2004	2,536	37.48	6.49	$16,470
Apr 2004	1,496	34.47	5.86	$8,764
Mar 2004	2,347	34.36	5.53	$12,979
Feb 2004	1,176	32.45	5.51	$6,479
Jan 2004	1,938	32.03	6.30	$12,209
Dec 2003	951	30.26	6.30	$5,993
Nov 2003	1,856	28.80	4.60	$8,529
Oct 2003	1,477	28.17	4.76	$7,030
Sep 2003	1,911	26.31	4.75	$9,076
Aug 2003	2,144	29.76	5.13	$10,998
Jul 2003	1,402	29.41	5.17	$7,250
Jun 2003	1,801	28.56	5.98	$10,775
May 2003	3,745	26.59	5.97	$22,368
Apr 2003	2,825	26.67	5.41	$15,276
Mar 2003	1,589	31.14	6.10	$9,687
Feb 2003	2,066	33.48	7.93	$16,375
Jan 2003	1,288	30.31	5.58	$7,190
Dec 2002	2,446	26.91	4.85	$11,872
Nov 2002	2,686	24.66	4.14	$11,112
Oct 2002	2,024	26.46	4.23	$8,560
Sep 2002	1,615	27.44	3.64	$5,871
Aug 2002	2,862	25.96	3.16	$9,056
Jul 2002	2,560	24.58	3.06	$7,838
Jun 2002	2,253	23.73	3.34	$7,521
May 2002	1,201	24.66	3.58	$4,304
Apr 2002	964	23.65	3.51	$3,386
Mar 2002	476	22.00	3.10	$1,477
Feb 2002	1,099	18.22	2.38	$2,611
Jan 2002	1,218	17.17	2.38	$2,894
Dec 2001	1,659	16.93	2.36	$3,923
Nov 2001	1,337	18.07	2.41	$3,216
Oct 2001	1,909	19.78	2.53	$4,828
Sep 2001	892	24.26	2.25	$2,008
Aug 2001	1,492	24.87	3.05	$4,555
Jul 2001	0	23.93	3.20	$0
Jun 2001	1,196	24.56	3.82	$4,574
May 2001	2,082	25.52	4.31	$8,968
Apr 2001	2,630	24.68	5.34	$14,032
Mar 2001	3,923	24.54	5.38	$21,092
Feb 2001	3,405	27.75	5.77	$19,637
Jan 2001	4,210	27.47	8.40	$35,359
Dec 2000	3,687	26.88	9.12	$33,635
Nov 2000	2,939	32.21	5.66	$16,629
Oct 2000	3,587	31.23	5.15	$18,457
Sep 2000	3,212	31.87	5.19	$16,659
Aug 2000	3,243	29.64	4.54	$14,726
Jul 2000	3,043	28.53	4.09	$12,445
Jun 2000	2,816	29.30	4.40	$12,383
May 2000	3,375	27.26	3.68	$12,419
Apr 2000	4,395	24.51	3.12	$13,695
Mar 2000	2,799	28.42	2.86	$8,004
Feb 2000	3,541	27.62	2.73	$9,655
Jan 2000	4,111	25.27	2.48	$10,197
Dec 1999	3,300	24.28	2.42	$7,998
Nov 1999	3,000	23.19	2.43	$7,302
Oct 1999	3,555	20.98	2.80	$9,967
Sep 1999	3,873	21.75	2.62	$10,143
Aug 1999	3,931	19.26	2.88	$11,304
Jul 1999	3,376	17.89	2.37	$8,009
Jun 1999	3,814	15.94	2.36	$9,009
May 1999	3,994	15.79	2.32	$9,270
Apr 1999	3,974	15.10	2.21	$8,775
Mar 1999	3,433	12.47	1.84	$6,311
Feb 1999	3,439	9.98	1.82	$6,251
Jan 1999	5,506	10.38	1.90	$10,461
Dec 1998	5,507	9.20	1.77	$9,766
Nov 1998	3,406	10.89	2.19	$7,445
Oct 1998	6,295	12.42	1.97	$12,396
Sep 1998	7,989	12.59	2.08	$16,638
Aug 1998	8,072	11.30	1.91	$15,396
Jul 1998	9,310	11.74	2.24	$20,829
Jun 1998	10,374	11.24	2.24	$23,209
May 1998	13,748	12.62	2.21	$30,333
Apr 1998	20,024	13.04	2.51	$50,167
Mar 1998	26,301	12.80	2.31	$60,741
Feb 1998	28,889	13.95	2.30	$66,420
Jan 1998	40,928	14.70	2.15	$88,191
Dec 1997	57,980	16.32	2.41	$139,796
Nov 1997	43,297	18.19	3.09	$133,712
Oct 1997	66,569	19.25	3.15	$209,680
Sep 1997	11,813	17.74	2.95	$34,906
Aug 1997	6,238	17.86	2.55	$15,936
Jul 1997	0	17.58	2.25	$0
Jun 1997	1,989	17.24	2.26	$4,490
May 1997	37,114	18.97	2.31	$85,678
Apr 1997	27,752	17.88	2.08	$57,801
Mar 1997	23,807	18.95	1.94	$46,165
Feb 1997	11,762	20.49	2.21	$25,946

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.

Dec 2006 — as filed, then multipliedworked

Gas                  338 Mcf  × $  6.92 =     $2,338

────────────────────────────────────────────────────
Month total                                   $2,338

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/166583 is the state's own key, not one this site invented.