KING RANCH-STATE

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

Operated by EOG RESOURCES, INC. (P-5 253162) in the CANELO (I-08, S) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 197285District 04Field 15289914CondensateGasSave Export

Value, all time

$54.7 M

Jul 2001 – Dec 2021

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

222

24 months not filed

Streams

condensate, gas

The CANELO (I-08, S) 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

2003-10-03

as the register files it

Field class

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 0 acres. The field rule took effect on 2004-04-23.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 06/01/2014.”

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	5,830 bbl	$353,651
Gas	Production	8,876,509 Mcf	$54,363,088
Total			$54,716,739

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 27.2491, -97.8654. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.24913, -97.86542 · 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

9,835 ft

1 wells filed one

Completion to plug

18.2 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 9,835 ft.

Completions filed

Oct 2003

1 of 1 wells

Plug dates filed

Dec 2021

1 of 1 wells

Last completion to plug: a median of 18.2 years across the 1 well that filed both dates, with the middle half between 18.2 years and 18.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-27332395	1	9,835 ft	Oct 2003	Dec 2021	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 (222)

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

222 months


Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	117	0	50.41	2.81	$5,898
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	7,863	38.37	1.83	$14,351
Jun 2020	0	10,500	34.90	1.69	$17,748
May 2020	0	11,100	16.92	1.81	$20,144
Apr 2020	0	10,564	14.75	1.80	$19,061
Mar 2020	0	12,225	30.34	1.86	$22,692
Feb 2020	0	10,871	49.88	1.98	$21,532
Jan 2020	180	12,168	57.25	2.09	$35,794
Dec 2019	0	12,340	59.01	2.30	$28,436
Nov 2019	0	12,302	55.30	2.75	$33,839
Oct 2019	0	11,543	53.47	2.42	$27,917
Sep 2019	0	11,406	55.05	2.66	$30,309
Aug 2019	0	11,359	53.11	2.30	$26,175
Jul 2019	186	13,025	56.27	2.46	$42,509
Jun 2019	0	11,295	52.78	2.49	$28,138
May 2019	0	13,733	58.48	2.74	$37,633
Apr 2019	0	15,109	62.63	2.75	$41,560
Mar 2019	192	15,639	56.80	3.06	$58,794
Feb 2019	0	14,584	50.85	2.79	$40,722
Jan 2019	192	16,344	46.03	3.23	$61,599
Dec 2018	0	16,210	46.59	4.19	$67,846
Nov 2018	0	12,756	52.93	4.24	$54,050
Oct 2018	0	15,650	61.44	3.40	$53,180
Sep 2018	0	16,102	59.54	3.11	$50,045
Aug 2018	195	15,289	59.40	3.07	$58,468
Jul 2018	0	16,068	65.14	2.93	$47,109
Jun 2018	0	14,334	60.18	3.08	$44,105
May 2018	193	16,836	65.38	2.90	$61,456
Apr 2018	0	16,876	63.84	2.90	$48,954
Mar 2018	195	17,643	61.22	2.79	$61,106
Feb 2018	0	16,234	61.78	2.77	$44,905
Jan 2018	0	17,350	62.87	4.01	$69,562
Dec 2017	192	18,091	57.27	2.92	$63,849
Nov 2017	0	16,461	55.42	3.12	$51,331
Oct 2017	0	17,145	49.29	2.98	$51,155
Sep 2017	193	14,873	47.52	3.09	$55,088
Aug 2017	0	16,697	45.37	3.00	$50,164
Jul 2017	0	17,550	43.87	3.09	$54,182
Jun 2017	0	14,963	42.49	3.09	$46,195
May 2017	0	16,861	45.37	3.26	$55,024
Apr 2017	194	13,652	47.93	3.21	$53,143
Mar 2017	0	15,281	46.77	2.98	$45,594
Feb 2017	0	13,227	50.45	2.95	$39,054
Jan 2017	196	13,520	49.41	3.42	$55,907
Dec 2016	0	9,381	48.76	3.72	$34,924
Nov 2016	0	5,871	42.49	2.64	$15,525
Oct 2016	0	1,342	46.19	3.09	$4,147
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	11	41.44	2.92	$32
Jul 2016	0	13,183	41.62	2.92	$38,552
Jun 2016	0	23,732	45.35	2.69	$63,740
May 2016	174	24,496	42.52	1.99	$56,171
Apr 2016	195	23,015	36.56	1.99	$52,953
Mar 2016	0	25,210	33.01	1.79	$45,227
Feb 2016	189	24,596	26.47	2.06	$55,760
Jan 2016	196	25,002	27.35	2.36	$64,474
Dec 2015	0	26,444	32.36	2.00	$52,925
Nov 2015	194	25,818	38.79	2.17	$63,481
Oct 2015	0	26,235	43.55	2.43	$63,661
Sep 2015	193	25,108	42.99	2.76	$77,555
Aug 2015	0	23,122	40.16	2.87	$66,418
Jul 2015	193	23,520	48.15	2.95	$78,561
Jun 2015	0	21,167	56.15	2.88	$61,022
May 2015	193	20,286	55.21	2.96	$70,610
Apr 2015	188	17,710	49.82	2.71	$57,300
Mar 2015	195	17,118	42.89	2.93	$58,600
Feb 2015	197	15,181	44.66	2.98	$53,980
Jan 2015	0	16,017	43.43	3.10	$49,663
Dec 2014	0	17,075	54.69	3.59	$61,322
Nov 2014	0	13,692	70.46	4.25	$58,216
Oct 2014	0	3,516	78.30	3.90	$13,716
Sep 2014	166	0	86.16	4.05	$14,303
Aug 2014	0	2,167	89.39	4.04	$8,744
Jul 2014	0	6,327	96.56	4.18	$26,444
Jun 2014	183	21,445	98.16	4.74	$119,546
May 2014	0	23,956	94.73	4.73	$113,229
Apr 2014	189	21,916	95.94	4.81	$123,529
Mar 2014	187	22,873	95.89	5.06	$133,596
Feb 2014	0	8,510	97.40	6.19	$52,694
Jan 2014	201	8,113	90.40	4.86	$57,605
Dec 2013	0	13,676	91.82	4.35	$59,552
Nov 2013	0	16,471	88.85	3.74	$61,573
Oct 2013	197	27,058	97.42	3.78	$121,454
Sep 2013	188	24,996	104.11	3.72	$112,501
Aug 2013	187	27,340	104.25	3.52	$115,803
Jul 2013	0	29,271	102.52	3.72	$108,822
Jun 2013	0	24,957	94.40	3.93	$98,166
May 2013	0	24,460	94.83	4.15	$101,487
Apr 2013	0	21,942	93.96	4.28	$93,969
Mar 2013	0	26,176	93.62	3.91	$102,423
Feb 2013	0	22,795	91.23	3.42	$77,957
Jan 2013	0	16,588	91.60	3.42	$56,729
Dec 2012	0	22,951	86.77	3.42	$78,496
Nov 2012	0	25,885	86.95	3.62	$93,832
Oct 2012	0	25,417	89.38	3.40	$86,410
Sep 2012	0	27,208	94.67	2.92	$79,404
Aug 2012	0	27,032	92.66	2.91	$78,613
Jul 2012	0	26,472	85.13	3.02	$79,967
Jun 2012	0	24,500	79.82	2.52	$61,716
May 2012	0	28,883	91.61	2.49	$71,870
Apr 2012	0	21,377	101.65	2.00	$42,686
Mar 2012	0	18,265	105.05	2.22	$40,586
Feb 2012	0	20,064	101.10	2.57	$51,569
Jan 2012	0	25,140	98.09	2.73	$68,735
Dec 2011	0	8,493	96.87	3.24	$27,515
Nov 2011	0	1,744	95.72	3.31	$5,775
Oct 2011	0	10,647	84.98	3.65	$38,846
Sep 2011	0	8,411	83.62	3.99	$33,525
Aug 2011	0	2,350	83.40	4.15	$9,751
Jul 2011	0	4,603	94.14	4.52	$20,793
Jun 2011	0	4,261	92.90	4.64	$19,771
May 2011	0	8,907	98.13	4.40	$39,234
Apr 2011	0	24,129	105.96	4.33	$104,558
Mar 2011	0	11,352	96.36	4.06	$46,059
Feb 2011	0	11,297	85.64	4.18	$47,221
Jan 2011	0	26,422	86.50	4.59	$121,245
Dec 2010	0	28,856	85.73	4.35	$125,459
Nov 2010	0	30,886	80.84	3.80	$117,223
Oct 2010	0	20,589	78.10	3.51	$72,245
Sep 2010	0	32,621	72.63	3.98	$129,814
Aug 2010	0	36,720	73.68	4.42	$162,279
Jul 2010	0	30,814	72.55	4.74	$145,950
Jun 2010	0	38,022	70.36	4.91	$186,703
May 2010	0	33,679	71.12	4.24	$142,638
Apr 2010	0	35,240	81.69	4.12	$145,284
Mar 2010	0	41,082	78.39	4.39	$180,295
Feb 2010	0	35,208	73.58	5.44	$191,615
Jan 2010	0	34,618	74.36	5.96	$206,465
Dec 2009	0	33,413	71.44	5.48	$183,229
Nov 2009	0	35,416	74.59	3.75	$132,863
Oct 2009	0	41,069	72.54	4.11	$168,804
Sep 2009	0	43,711	65.54	3.06	$133,963
Aug 2009	0	48,322	67.42	3.22	$155,524
Jul 2009	0	25,639	61.13	3.46	$88,826
Jun 2009	0	49,479	66.16	3.90	$192,721
May 2009	0	48,068	54.74	3.93	$188,703
Apr 2009	0	54,244	46.77	3.59	$194,600
Mar 2009	0	48,126	42.14	4.06	$195,343
Feb 2009	0	53,856	32.81	4.63	$249,515
Jan 2009	0	63,864	35.86	5.37	$343,014
Dec 2008	0	60,124	37.10	5.98	$359,370
Nov 2008	0	61,291	55.49	6.86	$420,478
Oct 2008	0	59,005	75.24	6.92	$408,431
Sep 2008	0	54,159	101.76	7.88	$426,615
Aug 2008	0	72,046	114.22	8.48	$611,168
Jul 2008	0	73,280	131.08	11.39	$834,617
Jun 2008	0	68,558	131.33	13.03	$893,491
May 2008	0	51,988	123.17	11.57	$601,724
Apr 2008	0	32,610	110.31	10.45	$340,933
Mar 2008	0	31,596	101.90	9.66	$305,346
Feb 2008	0	31,290	92.53	8.77	$274,431
Jan 2008	0	32,678	90.38	8.21	$268,147
Dec 2007	0	36,480	88.33	7.30	$266,376
Nov 2007	0	31,619	91.67	7.29	$230,556
Oct 2007	0	34,658	82.85	6.92	$239,902
Sep 2007	0	37,107	75.84	6.24	$231,702
Aug 2007	0	51,533	69.06	6.39	$329,190
Jul 2007	0	58,327	70.90	6.39	$372,589
Jun 2007	0	50,101	62.00	7.55	$378,185
May 2007	0	21,350	58.74	7.85	$167,518
Apr 2007	0	65,413	59.61	7.81	$510,562
Mar 2007	0	70,449	56.92	7.30	$514,416
Feb 2007	0	66,003	55.10	8.22	$542,281
Jan 2007	0	73,567	50.30	6.73	$494,874
Dec 2006	0	77,198	56.65	6.92	$534,090
Nov 2006	0	73,936	54.20	7.62	$563,206
Oct 2006	0	90,319	54.90	6.01	$543,160
Sep 2006	0	94,229	60.08	5.04	$474,650
Aug 2006	0	101,809	68.71	7.34	$747,270
Jul 2006	0	104,690	69.37	6.34	$664,024
Jun 2006	0	103,925	66.28	6.38	$663,445
May 2006	0	115,707	66.01	6.42	$743,417
Apr 2006	0	117,920	64.39	7.36	$867,948
Mar 2006	0	129,820	56.70	7.08	$919,505
Feb 2006	0	115,760	57.59	7.75	$897,270
Jan 2006	0	130,527	60.59	8.93	$1,166,039
Dec 2005	0	131,498	54.94	13.42	$1,764,098
Nov 2005	0	126,840	54.69	10.59	$1,343,033
Oct 2005	0	123,649	58.34	13.80	$1,705,832
Sep 2005	0	88,506	61.45	12.08	$1,069,064
Aug 2005	0	118,441	61.51	9.80	$1,160,348
Jul 2005	0	124,348	55.69	7.84	$975,341
Jun 2005	0	126,234	52.33	7.38	$931,738
May 2005	0	129,165	45.22	6.65	$859,097
Apr 2005	0	132,027	49.20	7.36	$971,782
Mar 2005	0	137,624	50.37	7.15	$984,683
Feb 2005	0	114,684	45.22	6.31	$723,876
Jan 2005	0	139,139	43.16	6.32	$879,665
Dec 2004	0	140,330	39.86	6.75	$947,379
Nov 2004	0	121,139	45.28	6.33	$766,861
Oct 2004	0	115,384	49.70	6.52	$751,738
Sep 2004	0	125,776	43.24	5.28	$664,588
Aug 2004	0	133,011	42.37	5.55	$738,299
Jul 2004	0	131,558	38.28	6.08	$800,423
Jun 2004	0	135,052	36.10	6.43	$868,792
May 2004	0	143,950	37.48	6.49	$934,895
Apr 2004	0	139,654	34.47	5.86	$818,157
Mar 2004	0	149,816	34.36	5.53	$828,503
Feb 2004	0	135,873	32.45	5.51	$748,609
Jan 2004	0	157,517	32.03	6.30	$992,300
Dec 2003	0	158,335	30.26	6.30	$997,770
Nov 2003	0	152,501	28.80	4.60	$700,767
Oct 2003	0	131,510	28.17	4.76	$625,940
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2001	0	0	23.93	3.20	$0

Not filed, and not zero: Aug 2001 – Jul 2003 (24 months). The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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.

Jan 2021 — as filed, then multipliedworked

Condensate           117 bbl  × $ 50.41 =     $5,898
Gas                    0 Mcf  × $  2.81 =         $0

────────────────────────────────────────────────────
Month total                                   $5,898

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/197285 is the state's own key, not one this site invented.