WALTER DESPAIN 12

Operated by HILCORP ENERGY COMPANY (P-5 386310) 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 188531District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.4 M
Mar 2002 – May 2026
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
291
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 Gas112002-08-16148063
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
CondensateDisposition6,982 bbl$299,337
GasProduction1,567,659 Mcf$8,099,435
Total$8,398,771

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 27.6593, -98.9768. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.65934, -98.97685 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,700 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
00.0%
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.
1100.0%

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 10,700 ft.

Completions filed
Mar 2002
1 of 1 wells

1 well

42-47938014110,700 ftMar 2002

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 (291)

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

291 months

May 20260286106.413.05$871
Apr 2026025198.932.87$720
Mar 2026026289.753.15$825
Feb 2026025063.503.75$938
Jan 2026030559.138.00$2,439
Dec 2025032156.664.41$1,417
Nov 2025029158.593.93$1,143
Oct 2025030459.383.30$1,005
Sep 2025026862.743.08$825
Aug 2025028963.933.01$871
Jul 2025656666.743.32$2,277
Jun 2025053866.483.13$1,683
May 2025055560.553.23$1,794
Apr 2025053162.363.54$1,881
Mar 2025057467.704.27$2,450
Feb 2025051970.884.34$2,253
Jan 2025055574.324.28$2,375
Dec 2024056668.993.12$1,767
Nov 2024058569.052.20$1,286
Oct 2024067571.372.28$1,540
Sep 2024042269.612.36$998
Aug 20242861675.632.06$3,389
Jul 2024057279.932.15$1,228
Jun 2024049078.082.63$1,291
May 2024065278.812.20$1,433
Apr 2024045684.451.66$757
Mar 2024044580.301.55$688
Feb 20246640976.091.78$5,751
Jan 2024052073.023.30$1,715
Dec 2023062471.262.61$1,629
Nov 2023063177.892.81$1,772
Oct 2023059185.443.09$1,825
Sep 2023060089.042.74$1,641
Aug 2023072180.522.67$1,927
Jul 2023071474.852.64$1,886
Jun 2023075068.962.26$1,694
May 2023073770.622.23$1,642
Apr 2023066378.122.24$1,484
Mar 2023071372.852.39$1,706
Feb 2023067875.112.47$1,672
Jan 2023081276.533.39$2,751
Dec 2022075376.415.73$4,314
Nov 2022065085.005.65$3,670
Oct 2022078187.185.86$4,580
Sep 2022078084.888.16$6,368
Aug 2022079094.529.13$7,210
Jul 20220775101.587.54$5,845
Jun 20220816115.097.98$6,509
May 20220725109.378.43$6,114
Apr 20220720104.226.84$4,923
Mar 20220801108.885.08$4,066
Feb 2022068691.054.86$3,333
Jan 2022081281.844.54$3,685
Dec 2021083571.323.90$3,256
Nov 2021081777.435.24$4,279
Oct 20216787279.795.71$10,328
Sep 20211680769.865.35$5,436
Aug 2021082366.024.22$3,474
Jul 2021083070.783.98$3,305
Jun 2021079269.493.38$2,677
May 2021085363.483.02$2,574
Apr 2021082660.362.76$2,278
Mar 2021082661.302.72$2,244
Feb 2021074557.805.55$4,133
Jan 2021092350.412.81$2,594
Dec 2020089744.642.68$2,400
Nov 2020084938.772.71$2,298
Oct 2020089436.972.48$2,216
Sep 202018591137.091.99$8,675
Aug 2020097739.982.39$2,330
Jul 2020095238.371.83$1,738
Jun 2020085034.901.69$1,437
May 2020089016.921.81$1,615
Apr 2020187214.751.80$1,588
Mar 2020090230.341.86$1,674
Feb 2020092449.881.98$1,830
Jan 2020081057.252.09$1,697
Dec 2019079559.012.30$1,832
Nov 2019478855.302.75$2,389
Oct 201901,20153.472.42$2,905
Sep 201901,21655.052.66$3,231
Aug 201901,16753.112.30$2,689
Jul 201901,33256.272.46$3,277
Jun 201901,26252.782.49$3,144
May 201901,34858.482.74$3,694
Apr 201901,24362.632.75$3,419
Mar 201901,27956.803.06$3,916
Feb 201901,22250.852.79$3,412
Jan 201901,36046.033.23$4,390
Dec 201801,34646.594.19$5,634
Nov 201801,30252.934.24$5,517
Oct 201801,44661.443.40$4,914
Sep 201801,29659.543.11$4,028
Aug 201801,37659.403.07$4,220
Jul 201801,30765.142.93$3,832
Jun 201801,28460.183.08$3,951
May 201801,56465.382.90$4,537
Apr 20181201,44763.842.90$11,858
Mar 201801,49461.222.79$4,164
Feb 201801,14161.782.77$3,156
Jan 201811,08062.874.01$4,393
Dec 201701,08557.272.92$3,170
Nov 201701,12555.423.12$3,508
Oct 201701,14649.292.98$3,419
Sep 201701,04947.523.09$3,239
Aug 201701,01445.373.00$3,046
Jul 201701,04043.873.09$3,211
Jun 201701,14942.493.09$3,547
May 201701,19045.373.26$3,883
Apr 201701,28147.933.21$4,114
Mar 201701,35346.772.98$4,037
Feb 20171391,25750.452.95$10,724
Jan 201701,28849.413.42$4,403
Dec 201601,12448.763.72$4,184
Nov 201601,15642.492.64$3,057
Oct 201601,40846.193.09$4,351
Sep 201601,35441.553.10$4,198
Aug 201601,22541.442.92$3,582
Jul 201601,54641.622.92$4,521
Jun 201601,44545.352.69$3,881
May 201601,50342.521.99$2,993
Apr 2016096936.561.99$1,929
Mar 201601,44633.011.79$2,594
Feb 201601,40926.472.06$2,908
Jan 2016241,28327.352.36$3,690
Dec 201501,48832.362.00$2,978
Nov 201501,29438.792.17$2,805
Oct 201501,29543.552.43$3,142
Sep 201501,25042.992.76$3,448
Aug 201501,45040.162.87$4,165
Jul 201501,24548.152.95$3,667
Jun 201501,24356.152.88$3,583
May 201501,45755.212.96$4,306
Apr 201502,46949.822.71$6,683
Mar 201502,00242.892.93$5,875
Feb 201501,67144.662.98$4,973
Jan 201501,78143.433.10$5,522
Dec 201401,39354.693.59$5,003
Nov 201401,74970.464.25$7,436
Oct 201402,37778.303.90$9,273
Sep 201402,35686.164.05$9,531
Aug 201402,48189.394.04$10,011
Jul 201402,79196.564.18$11,665
Jun 201402,60398.164.74$12,330
May 201402,23694.734.73$10,569
Apr 201402,60995.944.81$12,547
Mar 201402,80195.895.06$14,164
Feb 201402,22797.406.19$13,790
Jan 20141112,38390.404.86$21,618
Dec 201302,93291.824.35$12,767
Nov 201302,82688.853.74$10,564
Oct 201302,18497.423.78$8,254
Sep 201302,262104.113.72$8,410
Aug 201302,395104.253.52$8,437
Jul 201302,999102.523.72$11,150
Jun 201302,96294.403.93$11,651
May 201303,34994.834.15$13,895
Apr 201302,68093.964.28$11,477
Mar 201301,28693.623.91$5,032
Feb 201302,24391.233.42$7,671
Jan 201303,44091.603.42$11,764
Dec 201203,17886.773.42$10,869
Nov 201203,22986.953.62$11,705
Oct 201202,19389.383.40$7,456
Sep 201203,05094.672.92$8,901
Aug 201203,42692.662.91$9,963
Jul 201202,94185.133.02$8,884
Jun 201203,32779.822.52$8,381
May 201202,00491.612.49$4,987
Apr 201202,500101.652.00$4,992
Mar 201203,092105.052.22$6,871
Feb 201202,291101.102.57$5,888
Jan 201202,56998.092.73$7,024
Dec 201103,24696.873.24$10,516
Nov 20111753,00795.723.31$26,708
Oct 201103,32184.983.65$12,117
Sep 201103,33583.623.99$13,293
Aug 201103,61283.404.15$14,987
Jul 201103,18694.144.52$14,392
Jun 201103,57092.904.64$16,564
May 201103,23398.134.40$14,241
Apr 201102,600105.964.33$11,267
Mar 201103,07796.364.06$12,484
Feb 201103,07285.644.18$12,841
Jan 201103,88186.504.59$17,809
Dec 201003,92385.734.35$17,056
Nov 201003,05880.843.80$11,606
Oct 20101913,65278.103.51$27,732
Sep 201003,44172.633.98$13,693
Aug 201004,46373.684.42$19,724
Jul 201004,09272.554.74$19,382
Jun 201001,27270.364.91$6,246
May 201001,98971.124.24$8,424
Apr 201003,40881.694.12$14,050
Mar 201004,21578.394.39$18,498
Feb 201003,77273.585.44$20,529
Jan 201003,95074.365.96$23,558
Dec 200904,76371.445.48$26,119
Nov 200903,91874.593.75$14,698
Oct 200903,72172.544.11$15,294
Sep 200903,63365.543.06$11,134
Aug 200904,64067.423.22$14,934
Jul 200904,73761.133.46$16,411
Jun 200904,88566.163.90$19,027
May 200905,32654.743.93$20,909
Apr 200904,88646.773.59$17,529
Mar 200905,39942.144.06$21,915
Feb 200904,91032.814.63$22,748
Jan 200905,81335.865.37$31,222
Dec 200805,08737.105.98$30,406
Nov 200806,86655.496.86$47,103
Oct 200805,69475.246.92$39,414
Sep 200806,129101.767.88$48,279
Aug 200803,652114.228.48$30,980
Jul 200806,337131.0811.39$72,175
Jun 200801,666131.3313.03$21,712
May 200806,848123.1711.57$79,261
Apr 20081761,985110.3110.45$40,167
Mar 200803,832101.909.66$37,033
Feb 200804,56592.538.77$40,038
Jan 200806,71990.388.21$55,134
Dec 200705,34388.337.30$39,014
Nov 200706,50991.677.29$47,462
Oct 200706,30682.856.92$43,650
Sep 200706,85675.846.24$42,810
Aug 20071856,26669.066.39$52,803
Jul 200707,60970.906.39$48,606
Jun 200707,14562.007.55$53,934
May 200705,33058.747.85$41,821
Apr 200706,18759.617.81$48,291
Mar 200706,02756.927.30$44,009
Feb 20071765,85655.108.22$57,811
Jan 200706,30050.306.73$42,379
Dec 200606,06156.656.92$41,933
Nov 200607,23654.207.62$55,120
Oct 200607,02054.906.01$42,217
Sep 200607,65060.085.04$38,535
Aug 20061848,19568.717.34$72,793
Jul 200608,25269.376.34$52,340
Jun 200606,78766.286.38$43,327
May 200607,23866.016.42$46,504
Apr 200608,45664.397.36$62,240
Mar 20061799,02956.707.08$74,101
Feb 200608,49357.597.75$65,830
Jan 200608,72460.598.93$77,934
Dec 200509,39454.9413.42$126,024
Nov 20051899,79654.6910.59$114,060
Oct 2005010,12058.3413.80$139,613
Sep 2005011,11161.4512.08$134,210
Aug 2005011,36761.519.80$111,361
Jul 2005011,81855.697.84$92,696
Jun 200517812,40852.337.38$100,899
May 2005013,39445.226.65$89,086
Apr 2005013,77249.207.36$101,369
Mar 200516115,38350.377.15$118,173
Feb 2005015,29045.226.31$96,509
Jan 200514418,38243.166.32$122,430
Dec 200418723,50539.866.75$166,138
Nov 200408,23245.286.33$52,112
Oct 200409,11749.706.52$59,398
Sep 200418910,49443.245.28$63,622
Aug 200404,12642.375.55$22,902
Jul 200407,52038.286.08$45,753
Jun 200409,51636.106.43$61,217
May 200419910,07237.486.49$72,872
Apr 2004199,94634.475.86$58,923
Mar 200408,89734.365.53$49,202
Feb 20043710,43332.455.51$58,683
Jan 200419012,41032.036.30$84,264
Dec 2003014,50030.266.30$91,374
Nov 2003010,26428.804.60$47,165
Oct 200320114,96028.174.76$76,866
Sep 20036914,85626.314.75$72,372
Aug 200319015,56529.765.13$85,498
Jul 20036116,57829.415.17$87,516
Jun 2003018,53728.565.98$110,906
May 200319017,62126.595.97$110,297
Apr 2003018,31426.675.41$99,029
Mar 200323419,65031.146.10$127,074
Feb 2003019,46833.487.93$154,301
Jan 200323632,20630.315.58$186,928
Dec 200223830,72726.914.85$155,546
Nov 200219328,71224.664.14$123,540
Oct 200218837,12526.464.23$161,981
Sep 200216938,47327.443.64$144,494
Aug 200217046,26425.963.16$150,800
Jul 200230653,71724.583.06$171,990
Jun 200214354,80023.733.34$186,329
May 200250183,97724.663.58$313,328
Apr 200232199,59923.653.51$357,415
Mar 20024516,75922.003.10$52,988

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  286 Mcf  × $  3.05 =       $871

────────────────────────────────────────────────────
Month total                                     $871

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/188531 is the state's own key, not one this site invented.