BILLINGS HEIRS

Name: BILLINGS HEIRS lease production and value, Apr 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the BIG COWBOY (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 202732District 04Field 078002002 tax incentive programmesCondensateGasSave Export

Value, all time

$11.5 M

Apr 2004 – Jul 2011

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The BIG COWBOY (LOBO) 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 164 leases and 164 wells, and the rule below applies to all of them.

Discovered

1979-07-17

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 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: “STATEWIDE RULES. NO P-15 & PLAT.”

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	2004-11-05	158711
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	16,540 bbl	$766,217
Gas	Production	1,503,553 Mcf	$10,718,067
Total			$11,484,284

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 27.7726, -99.0627. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.77256, -99.06265 · 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

9,077 ft

1 wells filed one

Completion to plug

6.9 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 9,077 ft.

Completions filed

Apr 2004

1 of 1 wells

Plug dates filed

Mar 2011

1 of 1 wells

Last completion to plug: a median of 6.9 years across the 1 well that filed both dates, with the middle half between 6.9 years and 6.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47938636	2	9,077 ft	Apr 2004	Mar 2011	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 (88)

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

88 months


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	65	0	86.50	4.59	$5,623
Dec 2010	0	39	85.73	4.35	$170
Nov 2010	0	187	80.84	3.80	$710
Oct 2010	0	187	78.10	3.51	$656
Sep 2010	0	56	72.63	3.98	$223
Aug 2010	0	67	73.68	4.42	$296
Jul 2010	0	81	72.55	4.74	$384
Jun 2010	0	179	70.36	4.91	$879
May 2010	0	180	71.12	4.24	$762
Apr 2010	0	69	81.69	4.12	$284
Mar 2010	0	12	78.39	4.39	$53
Feb 2010	0	43	73.58	5.44	$234
Jan 2010	0	91	74.36	5.96	$543
Dec 2009	0	66	71.44	5.48	$362
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	259	72.54	4.11	$1,065
Sep 2009	0	124	65.54	3.06	$380
Aug 2009	0	216	67.42	3.22	$695
Jul 2009	0	2,266	61.13	3.46	$7,851
Jun 2009	0	4,980	66.16	3.90	$19,397
May 2009	0	5,069	54.74	3.93	$19,900
Apr 2009	0	4,684	46.77	3.59	$16,804
Mar 2009	0	5,022	42.14	4.06	$20,384
Feb 2009	0	4,688	32.81	4.63	$21,720
Jan 2009	0	7,031	35.86	5.37	$37,764
Dec 2008	0	6,477	37.10	5.98	$38,714
Nov 2008	0	5,889	55.49	6.86	$40,401
Oct 2008	0	6,340	75.24	6.92	$43,885
Sep 2008	0	6,875	101.76	7.88	$54,155
Aug 2008	34	7,174	114.22	8.48	$64,741
Jul 2008	0	7,029	131.08	11.39	$80,056
Jun 2008	0	4,939	131.33	13.03	$64,368
May 2008	0	7,722	123.17	11.57	$89,377
Apr 2008	43	9,987	110.31	10.45	$109,156
Mar 2008	0	10,230	101.90	9.66	$98,863
Feb 2008	89	9,398	92.53	8.77	$90,661
Jan 2008	0	10,890	90.38	8.21	$89,360
Dec 2007	0	11,866	88.33	7.30	$86,645
Nov 2007	0	12,118	91.67	7.29	$88,361
Oct 2007	158	13,428	82.85	6.92	$106,039
Sep 2007	0	13,576	75.84	6.24	$84,771
Aug 2007	0	13,074	69.06	6.39	$83,516
Jul 2007	0	14,232	70.90	6.39	$90,913
Jun 2007	0	14,402	62.00	7.55	$108,713
May 2007	184	16,159	58.74	7.85	$137,596
Apr 2007	0	16,912	59.61	7.81	$132,002
Mar 2007	0	14,039	56.92	7.30	$102,512
Feb 2007	194	16,951	55.10	8.22	$149,959
Jan 2007	0	18,078	50.30	6.73	$121,608
Dec 2006	0	20,198	56.65	6.92	$139,739
Nov 2006	169	21,795	54.20	7.62	$175,183
Oct 2006	0	24,122	54.90	6.01	$145,065
Sep 2006	0	24,641	60.08	5.04	$124,122
Aug 2006	175	26,663	68.71	7.34	$207,729
Jul 2006	0	27,503	69.37	6.34	$174,445
Jun 2006	183	27,335	66.28	6.38	$186,633
May 2006	181	30,996	66.01	6.42	$211,097
Apr 2006	0	29,978	64.39	7.36	$220,652
Mar 2006	174	35,827	56.70	7.08	$263,626
Feb 2006	193	35,319	57.59	7.75	$284,877
Jan 2006	307	37,240	60.59	8.93	$351,278
Dec 2005	0	19,480	54.94	13.42	$261,332
Nov 2005	172	20,067	54.69	10.59	$221,884
Oct 2005	194	18,828	58.34	13.80	$271,065
Sep 2005	213	20,256	61.45	12.08	$257,761
Aug 2005	315	26,687	61.51	9.80	$280,824
Jul 2005	249	20,725	55.69	7.84	$176,426
Jun 2005	452	26,338	52.33	7.38	$218,055
May 2005	546	37,747	45.22	6.65	$275,751
Apr 2005	428	37,178	49.20	7.36	$294,706
Mar 2005	352	29,405	50.37	7.15	$228,119
Feb 2005	572	40,290	45.22	6.31	$280,173
Jan 2005	781	47,891	43.16	6.32	$336,484
Dec 2004	718	53,370	39.86	6.75	$388,925
Nov 2004	917	56,514	45.28	6.33	$399,279
Oct 2004	1,148	63,122	49.70	6.52	$468,302
Sep 2004	917	51,059	43.24	5.28	$309,442
Aug 2004	1,166	58,180	42.37	5.55	$372,341
Jul 2004	1,477	62,829	38.28	6.08	$438,803
Jun 2004	1,527	63,978	36.10	6.43	$466,696
May 2004	1,718	69,924	37.48	6.49	$518,518
Apr 2004	529	34,687	34.47	5.86	$221,447

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 2011 — as filed, then multipliedworked

Condensate            65 bbl  × $ 86.50 =     $5,623
Gas                    0 Mcf  × $  4.59 =         $0

────────────────────────────────────────────────────
Month total                                   $5,623

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/202732 is the state's own key, not one this site invented.