BENAVIDES FMT

Name: BENAVIDES FMT lease production and value, Aug 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the TIFFANY (WILCOX CARRIZO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 196855District 04Field 898938002 tax incentive programmesCondensateGasSave Export

Value, all time

$29.5 M

Aug 2003 – Jan 2017

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

162

no gaps in the span

Streams

condensate, gas

The TIFFANY (WILCOX CARRIZO) 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 151 leases and 151 wells, and the rule below applies to all of them.

Discovered

1983-10-25

as the register files it

Field class

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 2006-08-08.

The Commission's schedule remark for this field reads: “PER DOCKET #04-0260608 TAKE POINTS ADDED FOR HORIZONTAL WELLS.”

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	2005-06-17	162064
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	2,790 bbl	$122,622
Gas	Production	4,843,752 Mcf	$29,359,913
Total			$29,482,536

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 27.5207, -98.8815. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.52069, -98.88153 · 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

13,015 ft

1 wells filed one

Completion to plug

13.4 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 13,015 ft.

Completions filed

Aug 2003

1 of 1 wells

Plug dates filed

Jan 2017

1 of 1 wells

Last completion to plug: a median of 13.4 years across the 1 well that filed both dates, with the middle half between 13.4 years and 13.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47938395	1	13,015 ft	Aug 2003	Jan 2017	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 (162)

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

162 months


Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	816	36.56	1.99	$1,625
Mar 2016	0	665	33.01	1.79	$1,193
Feb 2016	97	874	26.47	2.06	$4,371
Jan 2016	0	1,387	27.35	2.36	$3,279
Dec 2015	0	741	32.36	2.00	$1,483
Nov 2015	0	951	38.79	2.17	$2,061
Oct 2015	0	1,219	43.55	2.43	$2,958
Sep 2015	0	462	42.99	2.76	$1,274
Aug 2015	0	648	40.16	2.87	$1,861
Jul 2015	0	901	48.15	2.95	$2,654
Jun 2015	0	862	56.15	2.88	$2,485
May 2015	0	784	55.21	2.96	$2,317
Apr 2015	0	993	49.82	2.71	$2,688
Mar 2015	0	1,298	42.89	2.93	$3,809
Feb 2015	0	731	44.66	2.98	$2,176
Jan 2015	0	1,341	43.43	3.10	$4,158
Dec 2014	0	955	54.69	3.59	$3,430
Nov 2014	0	1,130	70.46	4.25	$4,805
Oct 2014	0	1,107	78.30	3.90	$4,318
Sep 2014	0	1,341	86.16	4.05	$5,425
Aug 2014	109	1,283	89.39	4.04	$14,921
Jul 2014	0	1,061	96.56	4.18	$4,435
Jun 2014	0	1,209	98.16	4.74	$5,727
May 2014	0	996	94.73	4.73	$4,708
Apr 2014	0	938	95.94	4.81	$4,511
Mar 2014	0	1,511	95.89	5.06	$7,641
Feb 2014	0	1,748	97.40	6.19	$10,824
Jan 2014	0	1,167	90.40	4.86	$5,672
Dec 2013	0	1,669	91.82	4.35	$7,268
Nov 2013	0	1,028	88.85	3.74	$3,843
Oct 2013	0	1,873	97.42	3.78	$7,079
Sep 2013	0	1,930	104.11	3.72	$7,175
Aug 2013	0	1,267	104.25	3.52	$4,463
Jul 2013	0	1,326	102.52	3.72	$4,930
Jun 2013	0	1,651	94.40	3.93	$6,494
May 2013	0	2,043	94.83	4.15	$8,477
Apr 2013	0	1,176	93.96	4.28	$5,036
Mar 2013	0	1,469	93.62	3.91	$5,748
Feb 2013	0	847	91.23	3.42	$2,897
Jan 2013	0	737	91.60	3.42	$2,520
Dec 2012	0	761	86.77	3.42	$2,603
Nov 2012	0	916	86.95	3.62	$3,320
Oct 2012	0	1,685	89.38	3.40	$5,728
Sep 2012	0	1,924	94.67	2.92	$5,615
Aug 2012	0	1,464	92.66	2.91	$4,258
Jul 2012	0	802	85.13	3.02	$2,423
Jun 2012	58	1,099	79.82	2.52	$7,398
May 2012	0	781	91.61	2.49	$1,943
Apr 2012	0	1,370	101.65	2.00	$2,736
Mar 2012	0	650	105.05	2.22	$1,444
Feb 2012	0	465	101.10	2.57	$1,195
Jan 2012	0	366	98.09	2.73	$1,001
Dec 2011	0	1,568	96.87	3.24	$5,080
Nov 2011	0	1,023	95.72	3.31	$3,387
Oct 2011	0	1,666	84.98	3.65	$6,078
Sep 2011	0	1,264	83.62	3.99	$5,038
Aug 2011	0	1,028	83.40	4.15	$4,266
Jul 2011	0	891	94.14	4.52	$4,025
Jun 2011	0	1,264	92.90	4.64	$5,865
May 2011	0	956	98.13	4.40	$4,211
Apr 2011	0	847	105.96	4.33	$3,670
Mar 2011	0	611	96.36	4.06	$2,479
Feb 2011	0	680	85.64	4.18	$2,842
Jan 2011	0	692	86.50	4.59	$3,175
Dec 2010	0	635	85.73	4.35	$2,761
Nov 2010	0	745	80.84	3.80	$2,828
Oct 2010	0	691	78.10	3.51	$2,425
Sep 2010	0	244	72.63	3.98	$971
Aug 2010	0	341	73.68	4.42	$1,507
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	41	70.36	4.91	$201
May 2010	0	100	71.12	4.24	$424
Apr 2010	125	99	81.69	4.12	$10,619
Mar 2010	0	5,990	78.39	4.39	$26,288
Feb 2010	0	8,034	73.58	5.44	$43,724
Jan 2010	0	8,873	74.36	5.96	$52,919
Dec 2009	0	8,869	71.44	5.48	$48,635
Nov 2009	0	8,774	74.59	3.75	$32,916
Oct 2009	0	8,645	72.54	4.11	$35,533
Sep 2009	0	8,582	65.54	3.06	$26,302
Aug 2009	0	8,074	67.42	3.22	$25,986
Jul 2009	0	8,599	61.13	3.46	$29,791
Jun 2009	0	8,869	66.16	3.90	$34,545
May 2009	0	9,730	54.74	3.93	$38,198
Apr 2009	0	8,226	46.77	3.59	$29,511
Mar 2009	0	8,221	42.14	4.06	$33,369
Feb 2009	0	8,298	32.81	4.63	$38,445
Jan 2009	0	7,304	35.86	5.37	$39,230
Dec 2008	0	5,970	37.10	5.98	$35,684
Nov 2008	0	4,489	55.49	6.86	$30,796
Oct 2008	0	6,046	75.24	6.92	$41,850
Sep 2008	0	1,533	101.76	7.88	$12,076
Aug 2008	0	1,785	114.22	8.48	$15,142
Jul 2008	0	9,651	131.08	11.39	$109,919
Jun 2008	0	9,058	131.33	13.03	$118,050
May 2008	0	10,189	123.17	11.57	$117,930
Apr 2008	0	1,765	110.31	10.45	$18,453
Mar 2008	116	4,989	101.90	9.66	$60,034
Feb 2008	0	9,068	92.53	8.77	$79,532
Jan 2008	69	10,492	90.38	8.21	$92,331
Dec 2007	0	10,478	88.33	7.30	$76,510
Nov 2007	0	10,362	91.67	7.29	$75,557
Oct 2007	0	9,748	82.85	6.92	$67,475
Sep 2007	0	8,637	75.84	6.24	$53,931
Aug 2007	0	13,575	69.06	6.39	$86,716
Jul 2007	0	15,408	70.90	6.39	$98,425
Jun 2007	0	14,072	62.00	7.55	$106,222
May 2007	0	16,022	58.74	7.85	$125,713
Apr 2007	0	14,524	59.61	7.81	$113,363
Mar 2007	0	17,998	56.92	7.30	$131,421
Feb 2007	0	16,671	55.10	8.22	$136,969
Jan 2007	0	17,223	50.30	6.73	$115,857
Dec 2006	0	12,295	56.65	6.92	$85,062
Nov 2006	0	12,806	54.20	7.62	$97,549
Oct 2006	23	7,533	54.90	6.01	$46,565
Sep 2006	0	8,218	60.08	5.04	$41,396
Aug 2006	0	11,023	68.71	7.34	$80,908
Jul 2006	0	9,956	69.37	6.34	$63,149
Jun 2006	0	5,899	66.28	6.38	$37,659
May 2006	0	9,910	66.01	6.42	$63,672
Apr 2006	0	8,497	64.39	7.36	$62,542
Mar 2006	0	8,412	56.70	7.08	$59,582
Feb 2006	17	6,019	57.59	7.75	$47,633
Jan 2006	0	10,578	60.59	8.93	$94,497
Dec 2005	0	30,897	54.94	13.42	$414,496
Nov 2005	0	33,288	54.69	10.59	$352,467
Oct 2005	0	36,262	58.34	13.80	$500,262
Sep 2005	0	35,646	61.45	12.08	$430,568
Aug 2005	0	39,114	61.51	9.80	$383,194
Jul 2005	0	42,774	55.69	7.84	$335,504
Jun 2005	0	45,079	52.33	7.38	$332,730
May 2005	13	51,510	45.22	6.65	$343,189
Apr 2005	14	54,840	49.20	7.36	$404,338
Mar 2005	0	61,391	50.37	7.15	$439,245
Feb 2005	35	57,115	45.22	6.31	$362,088
Jan 2005	44	74,334	43.16	6.32	$471,853
Dec 2004	0	72,121	39.86	6.75	$486,895
Nov 2004	0	84,706	45.28	6.33	$536,225
Oct 2004	31	99,003	49.70	6.52	$646,555
Sep 2004	0	111,406	43.24	5.28	$588,658
Aug 2004	225	129,249	42.37	5.55	$726,951
Jul 2004	0	151,112	38.28	6.08	$919,393
Jun 2004	0	176,471	36.10	6.43	$1,135,241
May 2004	351	215,277	37.48	6.49	$1,411,289
Apr 2004	179	244,312	34.47	5.86	$1,437,462
Mar 2004	184	297,538	34.36	5.53	$1,651,749
Feb 2004	184	321,581	32.45	5.51	$1,777,760
Jan 2004	366	378,943	32.03	6.30	$2,398,927
Dec 2003	186	392,439	30.26	6.30	$2,478,638
Nov 2003	184	346,455	28.80	4.60	$1,597,315
Oct 2003	180	354,294	28.17	4.76	$1,691,382
Sep 2003	0	346,919	26.31	4.75	$1,647,643
Aug 2003	0	9,885	29.76	5.13	$50,707

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 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 36.56 =         $0
Gas                  816 Mcf  × $  1.99 =     $1,625

────────────────────────────────────────────────────
Month total                                   $1,625

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/196855 is the state's own key, not one this site invented.