KING RANCH BORREGOS

Name: KING RANCH BORREGOS lease production and value, Apr 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 183735District 04Field 479394602 tax incentive programmesCondensateGasSave Export

Value, all time

$4.5 M

Apr 2001 – Oct 2012

Value, last 12 filed months

at the published price for each month

Months reported

139

no gaps in the span

Streams

condensate, gas

The KRB\ZUNI-NC (VXBG) 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 36 leases and 36 wells, and the rule below applies to all of them.

Discovered

1998-12-03

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 2013-06-18.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 09/01/2013.”

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	2002-12-05	149976
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	21,259 bbl	$565,186
Gas	Production	912,832 Mcf	$3,957,460
Total			$4,522,646

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 27.4287, -97.9528. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.42866, -97.95280 · 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

12,820 ft

1 wells filed one

Completion to plug

11.5 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 12,820 ft.

Completions filed

Apr 2001

1 of 1 wells

Plug dates filed

Oct 2012

1 of 1 wells

Last completion to plug: a median of 11.5 years across the 1 well that filed both dates, with the middle half between 11.5 years and 11.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-27301812	M 4E	12,820 ft	Apr 2001	Oct 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 (139)

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

139 months


Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
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	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	8	0	92.53	8.77	$740
Jan 2008	115	422	90.38	8.21	$13,857
Dec 2007	95	542	88.33	7.30	$12,349
Nov 2007	20	43	91.67	7.29	$2,147
Oct 2007	46	277	82.85	6.92	$5,728
Sep 2007	0	219	75.84	6.24	$1,367
Aug 2007	0	339	69.06	6.39	$2,166
Jul 2007	0	618	70.90	6.39	$3,948
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	1	0	59.61	7.81	$60
Mar 2007	5	342	56.92	7.30	$2,782
Feb 2007	11	821	55.10	8.22	$7,351
Jan 2007	23	1,902	50.30	6.73	$13,951
Dec 2006	30	2,941	56.65	6.92	$22,047
Nov 2006	26	2,863	54.20	7.62	$23,218
Oct 2006	29	2,248	54.90	6.01	$15,111
Sep 2006	51	2,966	60.08	5.04	$18,004
Aug 2006	60	3,604	68.71	7.34	$30,576
Jul 2006	60	3,409	69.37	6.34	$25,785
Jun 2006	67	4,071	66.28	6.38	$30,430
May 2006	65	3,994	66.01	6.42	$29,952
Apr 2006	73	4,265	64.39	7.36	$36,093
Mar 2006	64	4,897	56.70	7.08	$38,314
Feb 2006	56	4,287	57.59	7.75	$36,454
Jan 2006	27	1,895	60.59	8.93	$18,565
Dec 2005	27	2,263	54.94	13.42	$31,842
Nov 2005	7	91	54.69	10.59	$1,346
Oct 2005	58	4,326	58.34	13.80	$63,064
Sep 2005	41	3,400	61.45	12.08	$43,588
Aug 2005	51	4,629	61.51	9.80	$48,487
Jul 2005	16	1,776	55.69	7.84	$14,821
Jun 2005	28	3,660	52.33	7.38	$28,480
May 2005	16	1,763	45.22	6.65	$12,450
Apr 2005	33	4,006	49.20	7.36	$31,110
Mar 2005	20	2,629	50.37	7.15	$19,818
Feb 2005	5	265	45.22	6.31	$1,899
Jan 2005	50	3,397	43.16	6.32	$23,635
Dec 2004	55	4,057	39.86	6.75	$29,581
Nov 2004	27	1,947	45.28	6.33	$13,548
Oct 2004	37	2,566	49.70	6.52	$18,557
Sep 2004	41	3,517	43.24	5.28	$20,356
Aug 2004	82	6,883	42.37	5.55	$41,680
Jul 2004	74	5,739	38.28	6.08	$37,750
Jun 2004	65	5,960	36.10	6.43	$40,687
May 2004	75	6,724	37.48	6.49	$46,481
Apr 2004	56	4,827	34.47	5.86	$30,209
Mar 2004	83	8,165	34.36	5.53	$48,005
Feb 2004	60	6,822	32.45	5.51	$39,534
Jan 2004	59	6,398	32.03	6.30	$42,195
Dec 2003	70	8,182	30.26	6.30	$53,678
Nov 2003	93	8,700	28.80	4.60	$42,656
Oct 2003	97	9,336	28.17	4.76	$47,168
Sep 2003	87	7,448	26.31	4.75	$37,662
Aug 2003	81	10,046	29.76	5.13	$53,944
Jul 2003	74	9,643	29.41	5.17	$52,039
Jun 2003	90	11,772	28.56	5.98	$73,002
May 2003	15	2,118	26.59	5.97	$13,049
Apr 2003	94	11,323	26.67	5.41	$63,734
Mar 2003	480	11,020	31.14	6.10	$82,126
Feb 2003	198	10,996	33.48	7.93	$93,782
Jan 2003	102	13,204	30.31	5.58	$76,797
Dec 2002	127	15,412	26.91	4.85	$78,224
Nov 2002	243	22,025	24.66	4.14	$97,109
Oct 2002	197	10,037	26.46	4.23	$47,660
Sep 2002	202	4,843	27.44	3.64	$23,148
Aug 2002	328	15,427	25.96	3.16	$57,328
Jul 2002	93	5,351	24.58	3.06	$18,669
Jun 2002	129	12,642	23.73	3.34	$45,263
May 2002	224	17,114	24.66	3.58	$66,860
Apr 2002	225	12,780	23.65	3.51	$50,209
Mar 2002	278	19,666	22.00	3.10	$67,134
Feb 2002	182	10,635	18.22	2.38	$28,581
Jan 2002	232	23,037	17.17	2.38	$58,712
Dec 2001	438	24,640	16.93	2.36	$65,674
Nov 2001	1,717	32,068	18.07	2.41	$108,166
Oct 2001	2,396	39,354	19.78	2.53	$146,914
Sep 2001	1,948	45,379	24.26	2.25	$149,421
Aug 2001	2,315	52,184	24.87	3.05	$216,900
Jul 2001	2,042	65,225	23.93	3.20	$257,395
Jun 2001	1,697	75,141	24.56	3.82	$329,030
May 2001	1,773	84,860	25.52	4.31	$410,766
Apr 2001	994	68,449	24.68	5.34	$389,729

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.

Feb 2008 — as filed, then multipliedworked

Condensate             8 bbl  × $ 92.53 =       $740
Gas                    0 Mcf  × $  8.77 =         $0

────────────────────────────────────────────────────
Month total                                     $740

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/183735 is the state's own key, not one this site invented.