VARAL RANCHES

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the EXSUN (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 212741District 04Field 298012532 tax incentive programmesCondensateGasSaveExport
Value, all time
$26.7 M
Aug 2005 – May 2026
Value, last 12 filed months
$59 k
at the published price for each month
Months reported
250
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 243 leases and 243 wells, and the rule below applies to all of them.

Discovered
2004-09-01
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: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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 Gas112006-04-26167623
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
CondensateDisposition1 bbl$57
GasProduction3,838,279 Mcf$26,719,665
Total$26,719,722

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 26.8463, -99.2475. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.84625, -99.24747 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,357 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 10,357 ft.

Completions filed
Aug 2005
1 of 1 wells

1 well

42-50535302110,357 ftAug 2005

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 (250)

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

250 months

May 202601,618106.413.05$4,928
Apr 202601,28498.932.87$3,685
Mar 202601,37289.753.15$4,321
Feb 202601,39763.503.75$5,239
Jan 202601,40859.138.00$11,261
Dec 202501,38856.664.41$6,126
Nov 202501,02858.593.93$4,036
Oct 202501,31259.383.30$4,336
Sep 202501,10362.743.08$3,394
Aug 202501,18363.933.01$3,566
Jul 202501,30866.743.32$4,336
Jun 202501,28966.483.13$4,033
May 202501,32860.553.23$4,293
Apr 202502,07462.363.54$7,348
Mar 202501,08167.704.27$4,614
Feb 202501,27070.884.34$5,513
Jan 202501,62474.324.28$6,949
Dec 202401,44068.993.12$4,495
Nov 202401,80269.052.20$3,962
Oct 202401,38771.372.28$3,164
Sep 202401,39869.612.36$3,305
Aug 202401,56275.632.06$3,223
Jul 2024096079.932.15$2,061
Jun 202401,31578.082.63$3,464
May 202401,26978.812.20$2,790
Apr 202401,22984.451.66$2,039
Mar 202401,07280.301.55$1,656
Feb 202401,30176.091.78$2,321
Jan 2024098973.023.30$3,261
Dec 202301,21671.262.61$3,175
Nov 2023087477.892.81$2,454
Oct 202301,11785.443.09$3,448
Sep 202301,24789.042.74$3,411
Aug 202301,21180.522.67$3,237
Jul 202301,19974.852.64$3,168
Jun 202301,06768.962.26$2,410
May 202301,06470.622.23$2,370
Apr 202302,17578.122.24$4,867
Mar 202302,28972.852.39$5,478
Feb 202302,03375.112.47$5,013
Jan 202302,26676.533.39$7,677
Dec 202202,38176.415.73$13,641
Nov 202202,36485.005.65$13,348
Oct 202202,50587.185.86$14,689
Sep 202202,28684.888.16$18,662
Aug 202202,36994.529.13$21,622
Jul 202201,293101.587.54$9,752
Jun 202201,967115.097.98$15,691
May 202202,336109.378.43$19,700
Apr 202202,245104.226.84$15,350
Mar 202202,362108.885.08$11,990
Feb 202202,19091.054.86$10,641
Jan 202202,53281.844.54$11,489
Dec 202102,55571.323.90$9,962
Nov 202102,54977.435.24$13,349
Oct 202101,84079.795.71$10,514
Sep 202102,22069.865.35$11,879
Aug 202102,58466.024.22$10,906
Jul 202102,35670.783.98$9,382
Jun 202102,47069.493.38$8,350
May 202102,51963.483.02$7,602
Apr 202102,21560.362.76$6,110
Mar 202102,49561.302.72$6,779
Feb 202102,26957.805.55$12,588
Jan 202102,56450.412.81$7,206
Dec 202002,56144.642.68$6,852
Nov 202002,56238.772.71$6,934
Oct 202002,60636.972.48$6,459
Sep 202002,56237.091.99$5,101
Aug 202002,66439.982.39$6,354
Jul 202002,60538.371.83$4,754
Jun 202002,78034.901.69$4,699
May 202002,67816.921.81$4,860
Apr 202002,65014.751.80$4,782
Mar 202002,65430.341.86$4,926
Feb 202002,55149.881.98$5,053
Jan 202002,79357.252.09$5,851
Dec 201902,86059.012.30$6,590
Nov 201902,70955.302.75$7,452
Oct 201902,83653.472.42$6,859
Sep 201902,74155.052.66$7,284
Aug 201902,83453.112.30$6,531
Jul 201902,90056.272.46$7,134
Jun 201902,68452.782.49$6,686
May 201902,83958.482.74$7,780
Apr 201902,84962.632.75$7,837
Mar 201903,03156.803.06$9,281
Feb 201902,74450.852.79$7,662
Jan 201903,12946.033.23$10,101
Dec 201803,28146.594.19$13,732
Nov 201803,07252.934.24$13,017
Oct 201803,38861.443.40$11,513
Sep 201803,30959.543.11$10,284
Aug 201803,35159.403.07$10,276
Jul 201803,80365.142.93$11,150
Jun 201804,18160.183.08$12,865
May 201802,96365.382.90$8,595
Apr 201802,52263.842.90$7,316
Mar 201802,47061.222.79$6,883
Feb 201802,46461.782.77$6,816
Jan 201802,25962.874.01$9,057
Dec 201702,36757.272.92$6,915
Nov 201702,30655.423.12$7,191
Oct 201701,61949.292.98$4,831
Sep 201701,08147.523.09$3,337
Aug 201701,37945.373.00$4,143
Jul 201701,14843.873.09$3,544
Jun 201701,34142.493.09$4,140
May 201701,50845.373.26$4,921
Apr 201702,34547.933.21$7,531
Mar 201702,32046.772.98$6,922
Feb 201701,71450.452.95$5,061
Jan 201702,74649.413.42$9,388
Dec 201601,92648.763.72$7,170
Nov 201601,90942.492.64$5,048
Oct 20160046.193.09$0
Sep 201601,66441.553.10$5,159
Aug 201601,75141.442.92$5,121
Jul 201601,57841.622.92$4,615
Jun 201601,79845.352.69$4,829
May 201601,88542.521.99$3,753
Apr 201601,53136.561.99$3,048
Mar 201602,46733.011.79$4,426
Feb 201602,06226.472.06$4,255
Jan 201602,14527.352.36$5,072
Dec 201502,53932.362.00$5,082
Nov 201502,56938.792.17$5,568
Oct 201501,71443.552.43$4,159
Sep 201502,63642.992.76$7,271
Aug 201501,96640.162.87$5,647
Jul 201502,87548.152.95$8,467
Jun 201501,76556.152.88$5,088
May 201501,33855.212.96$3,954
Apr 201502,38149.822.71$6,444
Mar 201502,06142.892.93$6,048
Feb 201502,46044.662.98$7,321
Jan 201502,29543.433.10$7,116
Dec 201402,38454.693.59$8,562
Nov 201403,14670.464.25$13,376
Oct 201403,62578.303.90$14,141
Sep 201403,45286.164.05$13,965
Aug 201403,55189.394.04$14,329
Jul 201402,84696.564.18$11,895
Jun 201401,85198.164.74$8,768
May 201402,54094.734.73$12,005
Apr 201404,39995.944.81$21,155
Mar 201402,17395.895.06$10,988
Feb 201402,13497.406.19$13,214
Jan 201402,11090.404.86$10,256
Dec 201303,53391.824.35$15,384
Nov 201302,34388.853.74$8,759
Oct 201304,23297.423.78$15,994
Sep 201302,153104.113.72$8,004
Aug 201301,245104.253.52$4,386
Jul 201300102.523.72$0
Jun 201301,22394.403.93$4,811
May 201301,80194.834.15$7,472
Apr 201301,98693.964.28$8,505
Mar 201302,69293.623.91$10,533
Feb 201302,60491.233.42$8,905
Jan 201302,42291.603.42$8,283
Dec 201204,12886.773.42$14,118
Nov 201203,54486.953.62$12,847
Oct 201202,74489.383.40$9,329
Sep 201203,58894.672.92$10,471
Aug 201204,47792.662.91$13,020
Jul 201205,07485.133.02$15,328
Jun 201204,00779.822.52$10,094
May 201205,49591.612.49$13,673
Apr 201204,700101.652.00$9,385
Mar 201202,909105.052.22$6,464
Feb 201204,910101.102.57$12,620
Jan 201205,51398.092.73$15,073
Dec 201104,34196.873.24$14,064
Nov 201104,72595.723.31$15,646
Oct 201105,09484.983.65$18,586
Sep 201106,56283.623.99$26,155
Aug 201105,75183.404.15$23,863
Jul 201107,13794.144.52$32,240
Jun 201107,65892.904.64$35,532
May 201106,83998.134.40$30,125
Apr 201108,037105.964.33$34,827
Mar 201106,28696.364.06$25,504
Feb 201107,85285.644.18$32,821
Jan 201108,84086.504.59$40,565
Dec 2010010,88485.734.35$47,321
Nov 201006,95580.843.80$26,397
Oct 201008,65378.103.51$30,362
Sep 2010010,94472.633.98$43,551
Aug 2010012,95073.684.42$57,231
Jul 2010011,92672.554.74$56,487
Jun 2010010,75670.364.91$52,816
May 2010014,15071.124.24$59,928
Apr 2010012,64281.694.12$52,119
Mar 2010015,24278.394.39$66,892
Feb 2010015,35173.585.44$83,546
Jan 2010017,98574.365.96$107,264
Dec 2009018,04571.445.48$98,954
Nov 2009021,21474.593.75$79,584
Oct 2009024,46572.544.11$100,557
Sep 2009024,91865.543.06$76,367
Aug 2009027,56067.423.22$88,702
Jul 2009029,65961.133.46$102,754
Jun 2009031,70366.163.90$123,483
May 2009035,26654.743.93$138,446
Apr 2009036,17446.773.59$129,774
Mar 2009039,33542.144.06$159,661
Feb 2009032,22832.814.63$149,312
Jan 2009034,51335.865.37$185,369
Dec 2008036,42637.105.98$217,723
Nov 2008038,77855.496.86$266,031
Oct 2008035,91175.246.92$248,575
Sep 2008030,855101.767.88$243,048
Aug 2008035,764114.228.48$303,387
Jul 2008041,015131.0811.39$467,137
Jun 2008036,759131.3313.03$479,066
May 2008040,104123.1711.57$464,175
Apr 2008038,704110.3110.45$404,645
Mar 2008034,238101.909.66$330,878
Feb 2008037,24792.538.77$326,678
Jan 2008038,89790.388.21$319,178
Dec 2007043,73588.337.30$319,352
Nov 2007043,29191.677.29$315,665
Oct 2007040,65182.856.92$281,385
Sep 20070075.846.24$0
Aug 2007056,95069.066.39$363,793
Jul 2007053,18270.906.39$339,723
Jun 2007050,03762.007.55$377,702
May 2007064,05958.747.85$502,625
Apr 2007062,59859.617.81$488,590
Mar 2007071,84756.927.30$524,625
Feb 2007068,20755.108.22$560,389
Jan 2007082,55250.306.73$555,315
Dec 2006073,77356.656.92$510,394
Nov 2006075,55354.207.62$575,523
Oct 2006092,63554.906.01$557,088
Sep 2006095,56260.085.04$481,365
Aug 2006094,68068.717.34$694,944
Jul 20060117,72469.376.34$746,695
Jun 20060127,89966.286.38$816,492
May 20060137,56866.016.42$883,874
Apr 20060143,37864.397.36$1,055,331
Mar 20061176,91856.707.08$1,253,153
Feb 20060146,37757.597.75$1,134,586
Jan 20060146,58260.598.93$1,309,464
Dec 20050185,13954.9413.42$2,483,714
Nov 20050164,42154.6910.59$1,740,955
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,618 Mcf  × $  3.05 =     $4,928

────────────────────────────────────────────────────
Month total                                   $4,928

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/212741 is the state's own key, not one this site invented.