VAQUILLAS RANCH B

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the VAQUILLAS RANCH (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 171097District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$869 k
Oct 1998 – May 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
140
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 909 leases and 909 wells, and the rule below applies to all of them.

Discovered
1998-02-24
as the register files it
Field class
Oil and 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: NO P-15 OR PLAT REQUIRED.

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 Gas111999-01-29139988
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
CondensateDisposition111 bbl$2,060
GasProduction248,715 Mcf$867,155
Total$869,215

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 27.5777, -99.0330. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.57773, -99.03303 · 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
100.0%
1 of 1 wells
Median depth
11,300 ft
1 wells filed one
Completion to plug
11.6 years
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 11,300 ft.

Completions filed
Oct 1998
1 of 1 wells
Plug dates filed
May 2010
1 of 1 wells

Last completion to plug: a median of 11.6 years across the 1 well that filed both dates, with the middle half between 11.6 years and 11.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793706816511,300 ftOct 1998May 2010Yes

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 (140)

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

140 months

May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200805110.3110.45$52
Mar 200805101.909.66$48
Feb 20080992.538.77$79
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070382.856.92$21
Sep 20070675.846.24$37
Aug 2007020969.066.39$1,335
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 200701456.927.30$102
Feb 200702155.108.22$173
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 200601554.906.01$90
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 2003027928.174.76$1,328
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 2003021529.415.17$1,112
Jun 20030028.565.98$0
May 2003038426.595.97$2,294
Apr 200301,03126.675.41$5,575
Mar 20030831.146.10$49
Feb 200301,41433.487.93$11,207
Jan 200301,50130.315.58$8,379
Dec 200202,03926.914.85$9,897
Nov 200207624.664.14$314
Oct 2002013026.464.23$550
Sep 200201,44927.443.64$5,267
Aug 200203,45725.963.16$10,939
Jul 200202,62824.583.06$8,046
Jun 200202,46023.733.34$8,212
May 200204,69924.663.58$16,841
Apr 200202,71723.653.51$9,543
Mar 2002098922.003.10$3,069
Feb 2002082318.222.38$1,955
Jan 200201,25317.172.38$2,977
Dec 200103,01916.932.36$7,138
Nov 2001081018.072.41$1,948
Oct 200102,37619.782.53$6,009
Sep 200103,54424.262.25$7,979
Aug 200101,60324.873.05$4,894
Jul 200102,41423.933.20$7,718
Jun 200103,69924.563.82$14,146
May 200103,55725.524.31$15,321
Apr 200106,73224.685.34$35,917
Mar 200105,05424.545.38$27,173
Feb 2001011,32727.755.77$65,324
Jan 200104,16527.478.40$34,981
Dec 200009,10626.889.12$83,069
Nov 200004,12132.215.66$23,317
Oct 2000011031.235.15$566
Sep 2000010,35331.875.19$53,696
Aug 200004,63429.644.54$21,042
Jul 200009,42428.534.09$38,542
Jun 200001,87229.304.40$8,232
May 200003,76927.263.68$13,869
Apr 200002,40924.513.12$7,506
Mar 200001,41028.422.86$4,032
Feb 200002,34327.622.73$6,388
Jan 200005,38725.272.48$13,362
Dec 199902,82124.282.42$6,837
Nov 199991,77923.192.43$4,539
Oct 1999194,68120.982.80$13,523
Sep 1999204,84921.752.62$13,134
Aug 1999246,53419.262.88$19,251
Jul 1999164,27117.892.37$10,419
Jun 199904,52115.942.36$10,679
May 199925,10415.792.32$11,878
Apr 199935,54615.102.21$12,291
Mar 199937,12212.471.84$13,130
Feb 1999310,1589.981.82$18,495
Jan 1999129,43210.381.90$18,045
Dec 199806,9829.201.77$12,381
Nov 1998030,60810.892.19$66,901
Oct 1998013,23012.421.97$26,053

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.

Apr 2008 — as filed, then multipliedworked
Condensate             0 bbl  × $110.31 =         $0
Gas                    5 Mcf  × $ 10.45 =        $52

────────────────────────────────────────────────────
Month total                                      $52

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/171097 is the state's own key, not one this site invented.