BENAVIDES FMT

Name: BENAVIDES FMT lease production and value, May 2004 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 203189District 04Field 898938002 tax incentive programmesCondensateGasSave Export

Value, all time

$2.2 M

May 2004 – Jan 2017

Value, last 12 filed months

$17 k

at the published price for each month

Months reported

153

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	162063
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	1,707 bbl	$97,355
Gas	Production	342,384 Mcf	$2,059,199
Total			$2,156,554

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 27.5231, -98.8916. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.52307, -98.89164 · 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

12,500 ft

1 wells filed one

Completion to plug

12.7 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 12,500 ft.

Completions filed

May 2004

1 of 1 wells

Plug dates filed

Jan 2017

1 of 1 wells

Last completion to plug: a median of 12.7 years across the 1 well that filed both dates, with the middle half between 12.7 years and 12.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47938672	2	12,500 ft	May 2004	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 (153)

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

153 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	787	41.44	2.92	$2,301
Jul 2016	0	818	41.62	2.92	$2,392
Jun 2016	0	968	45.35	2.69	$2,600
May 2016	0	1,499	42.52	1.99	$2,985
Apr 2016	0	804	36.56	1.99	$1,601
Mar 2016	0	1,066	33.01	1.79	$1,912
Feb 2016	68	785	26.47	2.06	$3,420
Jan 2016	0	670	27.35	2.36	$1,584
Dec 2015	0	1,011	32.36	2.00	$2,023
Nov 2015	0	708	38.79	2.17	$1,534
Oct 2015	0	966	43.55	2.43	$2,344
Sep 2015	0	642	42.99	2.76	$1,771
Aug 2015	0	1,517	40.16	2.87	$4,358
Jul 2015	0	534	48.15	2.95	$1,573
Jun 2015	0	751	56.15	2.88	$2,165
May 2015	0	829	55.21	2.96	$2,450
Apr 2015	0	846	49.82	2.71	$2,290
Mar 2015	0	917	42.89	2.93	$2,691
Feb 2015	0	1,200	44.66	2.98	$3,571
Jan 2015	0	1,419	43.43	3.10	$4,400
Dec 2014	0	1,106	54.69	3.59	$3,972
Nov 2014	0	1,188	70.46	4.25	$5,051
Oct 2014	0	1,299	78.30	3.90	$5,067
Sep 2014	0	1,428	86.16	4.05	$5,777
Aug 2014	63	876	89.39	4.04	$9,166
Jul 2014	0	938	96.56	4.18	$3,920
Jun 2014	0	919	98.16	4.74	$4,353
May 2014	0	819	94.73	4.73	$3,871
Apr 2014	0	778	95.94	4.81	$3,742
Mar 2014	0	999	95.89	5.06	$5,052
Feb 2014	0	901	97.40	6.19	$5,579
Jan 2014	0	861	90.40	4.86	$4,185
Dec 2013	0	931	91.82	4.35	$4,054
Nov 2013	0	898	88.85	3.74	$3,357
Oct 2013	0	1,139	97.42	3.78	$4,305
Sep 2013	0	765	104.11	3.72	$2,844
Aug 2013	0	1,145	104.25	3.52	$4,033
Jul 2013	0	1,006	102.52	3.72	$3,740
Jun 2013	0	1,201	94.40	3.93	$4,724
May 2013	0	842	94.83	4.15	$3,494
Apr 2013	0	1,285	93.96	4.28	$5,503
Mar 2013	0	1,306	93.62	3.91	$5,110
Feb 2013	0	1,277	91.23	3.42	$4,367
Jan 2013	0	2,204	91.60	3.42	$7,537
Dec 2012	0	2,144	86.77	3.42	$7,333
Nov 2012	0	2,079	86.95	3.62	$7,536
Oct 2012	0	1,334	89.38	3.40	$4,535
Sep 2012	0	628	94.67	2.92	$1,833
Aug 2012	0	1,213	92.66	2.91	$3,528
Jul 2012	0	211	85.13	3.02	$637
Jun 2012	56	181	79.82	2.52	$4,926
May 2012	0	833	91.61	2.49	$2,073
Apr 2012	0	520	101.65	2.00	$1,038
Mar 2012	0	768	105.05	2.22	$1,707
Feb 2012	0	1,026	101.10	2.57	$2,637
Jan 2012	0	1,181	98.09	2.73	$3,229
Dec 2011	0	1,054	96.87	3.24	$3,415
Nov 2011	0	1,550	95.72	3.31	$5,132
Oct 2011	0	1,108	84.98	3.65	$4,043
Sep 2011	0	1,325	83.62	3.99	$5,281
Aug 2011	0	1,562	83.40	4.15	$6,481
Jul 2011	0	1,468	94.14	4.52	$6,631
Jun 2011	0	1,512	92.90	4.64	$7,016
May 2011	0	1,468	98.13	4.40	$6,466
Apr 2011	0	1,953	105.96	4.33	$8,463
Mar 2011	0	1,819	96.36	4.06	$7,380
Feb 2011	0	1,878	85.64	4.18	$7,850
Jan 2011	0	1,253	86.50	4.59	$5,750
Dec 2010	0	1,500	85.73	4.35	$6,522
Nov 2010	0	1,612	80.84	3.80	$6,118
Oct 2010	0	2,519	78.10	3.51	$8,839
Sep 2010	0	1,834	72.63	3.98	$7,298
Aug 2010	0	2,072	73.68	4.42	$9,157
Jul 2010	0	2,120	72.55	4.74	$10,041
Jun 2010	0	2,543	70.36	4.91	$12,487
May 2010	0	2,643	71.12	4.24	$11,194
Apr 2010	66	2,159	81.69	4.12	$14,292
Mar 2010	0	1,699	78.39	4.39	$7,456
Feb 2010	0	1,580	73.58	5.44	$8,599
Jan 2010	0	1,669	74.36	5.96	$9,954
Dec 2009	0	1,799	71.44	5.48	$9,865
Nov 2009	0	1,831	74.59	3.75	$6,869
Oct 2009	0	1,705	72.54	4.11	$7,008
Sep 2009	0	1,839	65.54	3.06	$5,636
Aug 2009	0	1,859	67.42	3.22	$5,983
Jul 2009	0	2,042	61.13	3.46	$7,075
Jun 2009	0	2,263	66.16	3.90	$8,814
May 2009	0	1,744	54.74	3.93	$6,847
Apr 2009	0	2,541	46.77	3.59	$9,116
Mar 2009	0	2,042	42.14	4.06	$8,288
Feb 2009	0	1,738	32.81	4.63	$8,052
Jan 2009	0	1,347	35.86	5.37	$7,235
Dec 2008	0	623	37.10	5.98	$3,724
Nov 2008	0	515	55.49	6.86	$3,533
Oct 2008	0	641	75.24	6.92	$4,437
Sep 2008	0	659	101.76	7.88	$5,191
Aug 2008	0	651	114.22	8.48	$5,522
Jul 2008	0	978	131.08	11.39	$11,139
Jun 2008	0	1,174	131.33	13.03	$15,300
May 2008	0	1,388	123.17	11.57	$16,065
Apr 2008	0	2,088	110.31	10.45	$21,830
Mar 2008	72	1,957	101.90	9.66	$26,249
Feb 2008	0	1,834	92.53	8.77	$16,085
Jan 2008	127	2,093	90.38	8.21	$28,653
Dec 2007	0	2,112	88.33	7.30	$15,422
Nov 2007	0	1,851	91.67	7.29	$13,497
Oct 2007	0	2,139	82.85	6.92	$14,806
Sep 2007	0	1,617	75.84	6.24	$10,097
Aug 2007	0	2,122	69.06	6.39	$13,555
Jul 2007	0	1,922	70.90	6.39	$12,278
Jun 2007	0	2,112	62.00	7.55	$15,942
May 2007	0	2,157	58.74	7.85	$16,924
Apr 2007	0	1,718	59.61	7.81	$13,409
Mar 2007	0	2,184	56.92	7.30	$15,948
Feb 2007	0	2,094	55.10	8.22	$17,204
Jan 2007	0	3,399	50.30	6.73	$22,865
Dec 2006	0	2,326	56.65	6.92	$16,092
Nov 2006	0	2,285	54.20	7.62	$17,406
Oct 2006	171	2,688	54.90	6.01	$25,553
Sep 2006	0	3,281	60.08	5.04	$16,527
Aug 2006	0	3,073	68.71	7.34	$22,556
Jul 2006	0	2,245	69.37	6.34	$14,240
Jun 2006	0	3,196	66.28	6.38	$20,403
May 2006	0	3,359	66.01	6.42	$21,582
Apr 2006	0	3,054	64.39	7.36	$22,479
Mar 2006	0	3,169	56.70	7.08	$22,446
Feb 2006	175	2,990	57.59	7.75	$33,254
Jan 2006	0	2,006	60.59	8.93	$17,920
Dec 2005	0	3,746	54.94	13.42	$50,254
Nov 2005	0	3,818	54.69	10.59	$40,427
Oct 2005	0	3,795	58.34	13.80	$52,355
Sep 2005	0	3,870	61.45	12.08	$46,746
Aug 2005	0	4,122	61.51	9.80	$40,383
Jul 2005	0	4,184	55.69	7.84	$32,818
Jun 2005	0	4,711	52.33	7.38	$34,772
May 2005	173	4,787	45.22	6.65	$39,662
Apr 2005	170	4,872	49.20	7.36	$44,224
Mar 2005	0	5,923	50.37	7.15	$42,378
Feb 2005	147	5,826	45.22	6.31	$43,421
Jan 2005	137	5,781	43.16	6.32	$42,462
Dec 2004	0	5,808	39.86	6.75	$39,210
Nov 2004	0	7,031	45.28	6.33	$44,509
Oct 2004	148	8,950	49.70	6.52	$65,666
Sep 2004	0	11,253	43.24	5.28	$59,460
Aug 2004	134	18,903	42.37	5.55	$110,602
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	18,175	36.10	6.43	$116,920
May 2004	0	21,513	37.48	6.49	$139,718

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 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 41.44 =         $0
Gas                  787 Mcf  × $  2.92 =     $2,301

────────────────────────────────────────────────────
Month total                                   $2,301

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/203189 is the state's own key, not one this site invented.