WEBB COUNTY SCHOOL BOARD

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the MANCHO PRADO (L-1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 193280District 04Field 570725002 tax incentive programmesCondensateGasSaveExport
Value, all time
$203 k
Feb 2003 – Feb 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
145
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 6 leases and 6 wells, and the rule below applies to all of them.

Discovered
1980-01-20
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOC. FORM. SUSP. ADMIN. EFF 7-1-93.

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 Gas112003-07-11152127
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
CondensateDisposition104 bbl$4,532
GasProduction32,025 Mcf$198,196
Total$202,728

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 27.6497, -99.1576. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.64969, -99.15764 · 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
8,200 ft
1 wells filed one
Completion to plug
12.0 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 8,200 ft.

Completions filed
Feb 2003
1 of 1 wells
Plug dates filed
Feb 2015
1 of 1 wells

Last completion to plug: a median of 12.0 years across the 1 well that filed both dates, with the middle half between 12.0 years and 12.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793827548,200 ftFeb 2003Feb 2015Yes

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 (145)

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

145 months

Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120392.662.91$9
Jul 20120885.133.02$24
Jun 20120179.822.52$3
May 201201991.612.49$47
Apr 2012055101.652.00$110
Mar 2012013105.052.22$29
Feb 2012011101.102.57$28
Jan 20120098.092.73$0
Dec 201102296.873.24$71
Nov 201101495.723.31$46
Oct 20110384.983.65$11
Sep 20110583.623.99$20
Aug 20110883.404.15$33
Jul 201101094.144.52$45
Jun 20110592.904.64$23
May 20110898.134.40$35
Apr 2011010105.964.33$43
Mar 201101296.364.06$49
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201002385.734.35$100
Nov 201001880.843.80$68
Oct 201001378.103.51$46
Sep 201001372.633.98$52
Aug 201002173.684.42$93
Jul 201001672.554.74$76
Jun 201002170.364.91$103
May 201003971.124.24$165
Apr 201013281.694.12$214
Mar 201023278.394.39$297
Feb 201003473.585.44$185
Jan 201015074.365.96$373
Dec 200944871.445.48$549
Nov 200902474.593.75$90
Oct 200903072.544.11$123
Sep 200902965.543.06$89
Aug 200902667.423.22$84
Jul 200903161.133.46$107
Jun 200902466.163.90$93
May 200913854.743.93$204
Apr 200904746.773.59$169
Mar 200916142.144.06$290
Feb 200904132.814.63$190
Jan 200904935.865.37$263
Dec 200835337.105.98$428
Nov 200805355.496.86$364
Oct 200837075.246.92$710
Sep 2008057101.767.88$449
Aug 2008057114.228.48$484
Jul 2008046131.0811.39$524
Jun 2008049131.3313.03$639
May 2008059123.1711.57$683
Apr 2008248110.3110.45$722
Mar 2008048101.909.66$464
Feb 200805192.538.77$447
Jan 200873290.388.21$895
Dec 200703188.337.30$226
Nov 200703791.677.29$270
Oct 200704782.856.92$325
Sep 200765775.846.24$811
Aug 200705469.066.39$345
Jul 200707270.906.39$460
Jun 200705162.007.55$385
May 200707758.747.85$604
Apr 200701859.617.81$140
Mar 20070056.927.30$0
Feb 2007012855.108.22$1,052
Jan 2007014350.306.73$962
Dec 2006014556.656.92$1,003
Nov 2006012554.207.62$952
Oct 2006015354.906.01$920
Sep 2006019660.085.04$987
Aug 2006015668.717.34$1,145
Jul 2006017469.376.34$1,104
Jun 2006015066.286.38$958
May 2006017866.016.42$1,144
Apr 2006019264.397.36$1,413
Mar 2006018756.707.08$1,325
Feb 2006016357.597.75$1,263
Jan 2006016560.598.93$1,474
Dec 200506354.9413.42$845
Nov 2005014254.6910.59$1,504
Oct 2005017058.3413.80$2,345
Sep 2005018061.4512.08$2,174
Aug 2005019861.519.80$1,940
Jul 2005021455.697.84$1,679
Jun 2005019252.337.38$1,417
May 2005018645.226.65$1,237
Apr 2005018249.207.36$1,340
Mar 2005017150.377.15$1,223
Feb 2005119845.226.31$1,295
Jan 2005022043.166.32$1,391
Dec 2004021439.866.75$1,445
Nov 2004023245.286.33$1,469
Oct 2004025349.706.52$1,648
Sep 2004225443.245.28$1,429
Aug 2004028242.375.55$1,565
Jul 2004028638.286.08$1,740
Jun 2004031736.106.43$2,039
May 2004332737.486.49$2,236
Apr 2004031734.475.86$1,857
Mar 2004046034.365.53$2,544
Feb 2004452032.455.51$2,995
Jan 2004361932.036.30$3,996
Dec 2003648330.266.30$3,225
Nov 2003470628.804.60$3,359
Oct 2003494128.174.76$4,592
Sep 2003477426.314.75$3,781
Aug 2003791629.765.13$4,907
Jul 200301,01129.415.17$5,228
Jun 200392,43628.565.98$14,832
May 2003152,60526.595.97$15,958
Apr 200304,09126.675.41$22,121
Mar 2003115,32431.146.10$32,798
Feb 200302,25233.487.93$17,849

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.

Aug 2012 — as filed, then multipliedworked
Condensate             0 bbl  × $ 92.66 =         $0
Gas                    3 Mcf  × $  2.91 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/193280 is the state's own key, not one this site invented.