LAS OVEJAS-STATE

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

Gas lease lease 213328District 04Field 462164032 tax incentive programmesCondensateGasSaveExport
Value, all time
$29.4 M
Mar 2005 – May 2026
Value, last 12 filed months
$242 k
at the published price for each month
Months reported
255
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 246 leases and 246 wells, and the rule below applies to all of them.

Discovered
1998-09-22
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 Gas112006-06-22165910
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
CondensateDisposition5,716 bbl$358,143
GasProduction4,441,956 Mcf$29,052,396
Total$29,410,539

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 27.1795, -99.1494. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.17948, -99.14940 · 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
12,160 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 12,160 ft.

Completions filed
Apr 2006
1 of 1 wells

1 well

42-50535212112,160 ftApr 2006

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 (255)

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

255 months

May 202605,472106.413.05$16,667
Apr 202605,31798.932.87$15,258
Mar 2026355,19089.753.15$19,487
Feb 202604,78163.503.75$17,930
Jan 202605,45959.138.00$43,661
Dec 202505,59556.664.41$24,693
Nov 202505,27158.593.93$20,696
Oct 202504,73059.383.30$15,632
Sep 202505,35862.743.08$16,486
Aug 202505,74663.933.01$17,323
Jul 202505,52766.743.32$18,323
Jun 202505,13266.483.13$16,057
May 202505,08960.553.23$16,449
Apr 202505,04162.363.54$17,861
Mar 202505,06067.704.27$21,598
Feb 202504,78970.884.34$20,788
Jan 202505,75774.324.28$24,632
Dec 202404,60468.993.12$14,371
Nov 202405,66969.052.20$12,463
Oct 202406,18771.372.28$14,115
Sep 202406,03969.612.36$14,278
Aug 2024516,69175.632.06$17,665
Jul 202406,79979.932.15$14,595
Jun 202406,84478.082.63$18,027
May 202406,78878.812.20$14,923
Apr 202406,61984.451.66$10,982
Mar 202406,97080.301.55$10,770
Feb 202406,05576.091.78$10,800
Jan 202405,85273.023.30$19,298
Dec 202305,57271.262.61$14,547
Nov 202305,47677.892.81$15,374
Oct 202305,27385.443.09$16,279
Sep 202306,46189.042.74$17,671
Aug 202304,15580.522.67$11,106
Jul 202303,89274.852.64$10,282
Jun 202303,84668.962.26$8,686
May 202303,80070.622.23$8,464
Apr 202303,37078.122.24$7,541
Mar 202303,31872.852.39$7,941
Feb 202303,06875.112.47$7,565
Jan 202302,12976.533.39$7,212
Dec 202202,16876.415.73$12,421
Nov 202202,06385.005.65$11,648
Oct 202202,12787.185.86$12,472
Sep 202201,69784.888.16$13,854
Aug 202201,83894.529.13$16,776
Jul 202201,804101.587.54$13,606
Jun 202201,654115.097.98$13,194
May 202201,820109.378.43$15,348
Apr 202201,988104.226.84$13,593
Mar 202202,048108.885.08$10,396
Feb 202201,63391.054.86$7,934
Jan 202201,84381.844.54$8,363
Dec 202101,64971.323.90$6,430
Nov 2021087077.435.24$4,556
Oct 202101,54579.795.71$8,828
Sep 202102,03769.865.35$10,900
Aug 202105,80366.024.22$24,492
Jul 202105,51970.783.98$21,977
Jun 202106,20269.493.38$20,967
May 202106,13963.483.02$18,525
Apr 202105,99160.362.76$16,526
Mar 202106,20161.302.72$16,848
Feb 202105,72557.805.55$31,762
Jan 202106,23850.412.81$17,530
Dec 202006,09844.642.68$16,315
Nov 202006,35238.772.71$17,192
Oct 202006,60536.972.48$16,370
Sep 202006,52537.091.99$12,992
Aug 202006,73639.982.39$16,066
Jul 202006,36238.371.83$11,611
Jun 202006,04434.901.69$10,216
May 202006,54216.921.81$11,872
Apr 2020136,19914.751.80$11,377
Mar 202006,46030.341.86$11,991
Feb 202005,69749.881.98$11,284
Jan 202006,28757.252.09$13,170
Dec 201906,27259.012.30$14,453
Nov 201906,03155.302.75$16,589
Oct 201906,44853.472.42$15,595
Sep 201906,68555.052.66$17,764
Aug 201906,83653.112.30$15,753
Jul 201906,81356.272.46$16,760
Jun 201906,54452.782.49$16,302
May 201906,89858.482.74$18,903
Apr 201906,74762.632.75$18,559
Mar 201907,10256.803.06$21,747
Feb 201905,77350.852.79$16,119
Jan 201907,10746.033.23$22,943
Dec 201807,26946.594.19$30,424
Nov 201806,29852.934.24$26,686
Oct 201805,50761.443.40$18,713
Sep 201806,09859.543.11$18,953
Aug 201807,19059.403.07$22,049
Jul 201807,49565.142.93$21,974
Jun 201807,50560.183.08$23,092
May 201807,44565.382.90$21,596
Apr 201807,87763.842.90$22,850
Mar 201807,86361.222.79$21,913
Feb 201807,50761.782.77$20,765
Jan 201808,17962.874.01$32,792
Dec 201708,08257.272.92$23,612
Nov 201707,62255.423.12$23,768
Oct 201707,92849.292.98$23,655
Sep 201707,54047.523.09$23,278
Aug 201707,76445.373.00$23,326
Jul 2017055743.873.09$1,720
Jun 201707,75742.493.09$23,948
May 201707,98245.373.26$26,048
Apr 201707,92647.933.21$25,455
Mar 201708,26146.772.98$24,648
Feb 201707,71050.452.95$22,765
Jan 201707,88449.413.42$26,954
Dec 201608,27848.763.72$30,818
Nov 201607,80242.492.64$20,631
Oct 201608,20046.193.09$25,340
Sep 2016458,18541.553.10$27,248
Aug 201608,33741.442.92$24,380
Jul 201609,16041.622.92$26,787
Jun 201607,63245.352.69$20,498
May 201608,72242.521.99$17,366
Apr 201608,10736.561.99$16,141
Mar 2016348,46533.011.79$16,309
Feb 201607,53526.472.06$15,549
Jan 2016338,46227.352.36$20,910
Dec 201508,18732.362.00$16,386
Nov 201508,34338.792.17$18,082
Oct 201508,65443.552.43$21,000
Sep 2015288,29642.992.76$24,088
Aug 2015248,49940.162.87$25,377
Jul 201508,54748.152.95$25,172
Jun 2015128,49156.152.88$25,152
May 20151248,61355.212.96$32,301
Apr 201528,58949.822.71$23,346
Mar 201508,97542.892.93$26,339
Feb 2015818,66944.662.98$29,418
Jan 201509,69743.433.10$30,067
Dec 201409,83054.693.59$35,303
Nov 201409,48070.464.25$40,307
Oct 2014012,08878.303.90$47,155
Sep 2014164,03786.164.05$17,710
Aug 201409,95489.394.04$40,166
Jul 201409,98296.564.18$41,721
Jun 201409,52398.164.74$45,109
May 2014010,38194.734.73$49,066
Apr 2014110,84195.944.81$52,232
Mar 2014011,21795.895.06$56,722
Feb 201409,76097.406.19$60,434
Jan 2014010,52590.404.86$51,159
Dec 2013011,22991.824.35$48,896
Nov 2013111,30988.853.74$42,365
Oct 2013111,33497.423.78$42,933
Sep 2013010,822104.113.72$40,233
Aug 20137411,725104.253.52$49,017
Jul 2013011,671102.523.72$43,390
Jun 2013111,31294.403.93$44,589
May 2013112,30694.834.15$51,153
Apr 2013111,92193.964.28$51,147
Mar 2013212,61793.623.91$49,556
Feb 2013111,86791.233.42$40,675
Jan 2013212,40091.603.42$42,590
Dec 2012012,30186.773.42$42,071
Nov 2012011,93286.953.62$43,253
Oct 2012011,81989.383.40$40,181
Sep 2012013,03594.672.92$38,041
Aug 2012113,43892.662.91$39,173
Jul 2012213,51585.133.02$40,996
Jun 2012013,28879.822.52$33,473
May 2012013,57091.612.49$33,767
Apr 20128413,670101.652.00$35,835
Mar 2012014,449105.052.22$32,107
Feb 2012012,256101.102.57$31,501
Jan 20124413,67298.092.73$41,696
Dec 2011014,23996.873.24$46,131
Nov 2011013,89595.723.31$46,010
Oct 2011014,01284.983.65$51,123
Sep 2011014,52783.623.99$57,902
Aug 2011115,28783.404.15$63,514
Jul 2011014,62494.144.52$66,060
Jun 2011014,91092.904.64$69,181
May 2011015,98698.134.40$70,415
Apr 2011015,617105.964.33$67,673
Mar 2011016,71496.364.06$67,814
Feb 2011114,50385.644.18$60,708
Jan 2011017,01686.504.59$78,083
Dec 2010016,67685.734.35$72,503
Nov 201013216,98680.843.80$75,138
Oct 2010118,18778.103.51$63,894
Sep 2010018,06772.633.98$71,897
Aug 2010219,60973.684.42$86,807
Jul 2010217,34672.554.74$82,304
Jun 2010016,78570.364.91$82,421
May 2010316,33971.124.24$69,413
Apr 2010016,86081.694.12$69,509
Mar 2010017,71778.394.39$77,754
Feb 201016615,57573.585.44$96,979
Jan 2010617,34074.365.96$103,863
Dec 2009117,80871.445.48$97,726
Nov 2009017,12574.593.75$64,244
Oct 2009617,87472.544.11$73,902
Sep 2009017,68165.543.06$54,188
Aug 2009118,59467.423.22$59,912
Jul 2009419,47161.133.46$67,702
Jun 200916817,67866.163.90$79,971
May 2009019,55754.743.93$76,776
Apr 2009119,39046.773.59$69,608
Mar 2009120,07442.144.06$81,523
Feb 2009519,54232.814.63$90,702
Jan 2009022,34335.865.37$120,004
Dec 200817322,51337.105.98$140,982
Nov 2008022,19955.496.86$152,293
Oct 2008023,34275.246.92$161,573
Sep 2008023,002101.767.88$181,189
Aug 2008025,498114.228.48$216,300
Jul 200816722,919131.0811.39$282,925
Jun 2008023,843131.3313.03$310,737
May 2008024,613123.1711.57$284,878
Apr 2008022,081110.3110.45$230,854
Mar 2008022,106101.909.66$213,634
Feb 200817421,97892.538.77$208,860
Jan 2008026,49890.388.21$217,435
Dec 2007027,77288.337.30$202,790
Nov 2007027,00291.677.29$196,890
Oct 2007030,51182.856.92$211,197
Sep 200717431,18275.846.24$207,902
Aug 2007032,94069.066.39$210,419
Jul 2007134,66570.906.39$221,509
Jun 2007335,42262.007.55$267,567
May 200717837,62058.747.85$305,633
Apr 2007137,13059.617.81$289,867
Mar 2007140,99456.927.30$299,394
Feb 200717438,61855.108.22$326,873
Jan 2007043,36150.306.73$291,683
Dec 2006046,81256.656.92$323,866
Nov 200617848,29954.207.62$377,564
Oct 2006251,29654.906.01$308,594
Sep 200617150,79660.085.04$266,143
Aug 2006155,62968.717.34$408,381
Jul 2006261,45269.376.34$389,914
Jun 2006963,69466.286.38$407,211
May 2006071,44466.016.42$459,028
Apr 2006269,51164.397.36$511,763
Mar 2006094,35156.707.08$668,281
Feb 20062077,85457.597.75$604,608
Jan 2006179102,68160.598.93$928,128
Dec 2005172117,60554.9413.42$1,587,168
Nov 2005182149,64754.6910.59$1,594,476
Oct 2005529167,75958.3413.80$2,345,225
Sep 2005341139,77161.4512.08$1,709,248
Aug 2005451111,60161.519.80$1,121,078
Jul 2005184141,22355.697.84$1,117,949
Jun 20051,025107,07652.337.38$843,970
May 2005745,38145.226.65$302,153
Apr 2005083,76249.207.36$616,529
Mar 2005033,22650.377.15$237,728

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                5,472 Mcf  × $  3.05 =    $16,667

────────────────────────────────────────────────────
Month total                                  $16,667

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/213328 is the state's own key, not one this site invented.