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 214189District 04Field 462164032 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.4 M
Aug 2005 – May 2026
Value, last 12 filed months
$48 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 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 Gas112006-03-24166741
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
CondensateDisposition1,128 bbl$69,248
GasProduction1,441,586 Mcf$10,294,773
Total$10,364,022

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 27.1779, -99.1528. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.17790, -99.15281 · 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
12,300 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 12,300 ft.

Completions filed
Aug 2005
1 of 1 wells

1 well

42-50535288212,300 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 20260774106.413.05$2,357
Apr 202601,31998.932.87$3,785
Mar 20264388989.753.15$6,659
Feb 2026087363.503.75$3,274
Jan 202601,05659.138.00$8,446
Dec 2025081856.664.41$3,610
Nov 202501,31658.593.93$5,167
Oct 2025069859.383.30$2,307
Sep 2025090362.743.08$2,778
Aug 202501,28463.933.01$3,871
Jul 2025089566.743.32$2,967
Jun 2025081466.483.13$2,547
May 2025099360.553.23$3,210
Apr 202501,22262.363.54$4,330
Mar 2025098867.704.27$4,217
Feb 202501,04070.884.34$4,514
Jan 202501,52774.324.28$6,534
Dec 202401,23668.993.12$3,858
Nov 202401,41269.052.20$3,104
Oct 2024088171.372.28$2,010
Sep 202401,12369.612.36$2,655
Aug 202401,16775.632.06$2,408
Jul 202401,17979.932.15$2,531
Jun 202401,31678.082.63$3,466
May 202401,57778.812.20$3,467
Apr 202401,80984.451.66$3,001
Mar 202402,04780.301.55$3,163
Feb 202401,88176.091.78$3,355
Jan 202402,96073.023.30$9,761
Dec 202303,26771.262.61$8,529
Nov 202303,23377.892.81$9,077
Oct 2023058485.443.09$1,803
Sep 2023055489.042.74$1,515
Aug 2023047480.522.67$1,267
Jul 2023066474.852.64$1,754
Jun 2023052568.962.26$1,186
May 2023069770.622.23$1,553
Apr 2023065778.122.24$1,470
Mar 2023060672.852.39$1,450
Feb 2023043275.112.47$1,065
Jan 2023099776.533.39$3,378
Dec 2022066376.415.73$3,798
Nov 2022083585.005.65$4,715
Oct 2022083987.185.86$4,920
Sep 202201,03384.888.16$8,433
Aug 202201,12194.529.13$10,232
Jul 20220748101.587.54$5,641
Jun 202201,061115.097.98$8,464
May 202202,397109.378.43$20,214
Apr 202202,477104.226.84$16,937
Mar 202202,450108.885.08$12,437
Feb 202202,46191.054.86$11,958
Jan 202202,62381.844.54$11,902
Dec 202101,63471.323.90$6,371
Nov 202101,14677.435.24$6,001
Oct 2021091479.795.71$5,222
Sep 2021081369.865.35$4,350
Aug 2021097066.024.22$4,094
Jul 202101,07070.783.98$4,261
Jun 2021062669.493.38$2,116
May 2021096863.483.02$2,921
Apr 2021081460.362.76$2,245
Mar 2021090861.302.72$2,467
Feb 2021089957.805.55$4,988
Jan 202101,04450.412.81$2,934
Dec 2020096344.642.68$2,576
Nov 202001,04038.772.71$2,815
Oct 202001,09536.972.48$2,714
Sep 202001,00737.091.99$2,005
Aug 2020077439.982.39$1,846
Jul 2020075138.371.83$1,371
Jun 2020070134.901.69$1,185
May 2020081916.921.81$1,486
Apr 2020092714.751.80$1,673
Mar 202001,22930.341.86$2,281
Feb 202001,03849.881.98$2,056
Jan 202001,15157.252.09$2,411
Dec 201901,07759.012.30$2,482
Nov 201901,14055.302.75$3,136
Oct 201901,59553.472.42$3,858
Sep 201901,52555.052.66$4,052
Aug 201901,49453.112.30$3,443
Jul 201901,64556.272.46$4,047
Jun 201901,57452.782.49$3,921
May 201901,68658.482.74$4,620
Apr 201901,56162.632.75$4,294
Mar 201901,64356.803.06$5,031
Feb 201901,38750.852.79$3,873
Jan 201901,59846.033.23$5,159
Dec 201801,60946.594.19$6,734
Nov 201801,65152.934.24$6,996
Oct 201801,69461.443.40$5,756
Sep 201801,53659.543.11$4,774
Aug 201801,45159.403.07$4,450
Jul 201801,63765.142.93$4,799
Jun 201801,57360.183.08$4,840
May 201801,79865.382.90$5,216
Apr 201801,62763.842.90$4,720
Mar 201801,63061.222.79$4,543
Feb 201801,65261.782.77$4,570
Jan 201801,68062.874.01$6,736
Dec 201701,65957.272.92$4,847
Nov 201701,57855.423.12$4,921
Oct 201701,63149.292.98$4,866
Sep 201701,57247.523.09$4,853
Aug 201701,65045.373.00$4,957
Jul 201701,87743.873.09$5,795
Jun 201701,64442.493.09$5,075
May 201701,74745.373.26$5,701
Apr 201701,91047.933.21$6,134
Mar 201701,92746.772.98$5,750
Feb 201702,06450.452.95$6,094
Jan 201701,79949.413.42$6,150
Dec 201603,14648.763.72$11,712
Nov 201603,40042.492.64$8,991
Oct 201602,73046.193.09$8,436
Sep 201612,60241.553.10$8,109
Aug 201602,41941.442.92$7,074
Jul 201602,38941.622.92$6,986
Jun 201602,12945.352.69$5,718
May 201602,23142.521.99$4,442
Apr 201601,68836.561.99$3,361
Mar 201611,03633.011.79$1,892
Feb 201602,63126.472.06$5,429
Jan 201622,80627.352.36$6,689
Dec 201502,86332.362.00$5,730
Nov 201502,72038.792.17$5,895
Oct 201503,17043.552.43$7,692
Sep 201542,69042.992.76$7,592
Aug 201572,85140.162.87$8,471
Jul 201503,08948.152.95$9,097
Jun 201572,85356.152.88$8,618
May 201502,55255.212.96$7,542
Apr 201562,87149.822.71$8,069
Mar 201503,24242.892.93$9,514
Feb 2015233,09944.662.98$10,250
Jan 201563,14543.433.10$10,012
Dec 201403,48754.693.59$12,523
Nov 201403,52670.464.25$14,992
Oct 2014824,03678.303.90$22,165
Sep 2014132,08186.164.05$9,539
Aug 201403,82889.394.04$15,446
Jul 201404,28396.564.18$17,901
Jun 201404,72898.164.74$22,396
May 201407,65794.734.73$36,191
Apr 20140095.944.81$0
Mar 2014040395.895.06$2,038
Feb 201403,57097.406.19$22,105
Jan 201413,41490.404.86$16,685
Dec 201304,25991.824.35$18,546
Nov 201303,12488.853.74$11,678
Oct 201304,07697.423.78$15,405
Sep 201304,144104.113.72$15,406
Aug 201303,939104.253.52$13,876
Jul 201303,720102.523.72$13,830
Jun 201303,71994.403.93$14,628
May 201304,03194.834.15$16,725
Apr 201304,22793.964.28$18,103
Mar 201324,46193.623.91$17,643
Feb 201304,29091.233.42$14,671
Jan 201314,30391.603.42$14,807
Dec 201214,30886.773.42$14,821
Nov 201213,03286.953.62$11,078
Oct 201204,27189.383.40$14,520
Sep 201204,62094.672.92$13,483
Aug 201204,62292.662.91$13,442
Jul 201214,32485.133.02$13,147
Jun 201204,25879.822.52$10,726
May 201204,45391.612.49$11,080
Apr 201224,519101.652.00$9,227
Mar 201214,798105.052.22$10,767
Feb 201204,304101.102.57$11,062
Jan 201214,93698.092.73$13,594
Dec 201105,15596.873.24$16,701
Nov 201105,43295.723.31$17,987
Oct 201104,73784.983.65$17,283
Sep 2011684,76683.623.99$24,682
Aug 201105,14783.404.15$21,357
Jul 201104,80994.144.52$21,723
Jun 201105,07892.904.64$23,561
May 201105,50998.134.40$24,266
Apr 201105,334105.964.33$23,114
Mar 201105,56296.364.06$22,567
Feb 201104,97785.644.18$20,804
Jan 201105,96386.504.59$27,363
Dec 201004,87785.734.35$21,204
Nov 201015,20480.843.80$19,832
Oct 201004,61778.103.51$16,201
Sep 201005,98672.633.98$23,821
Aug 201005,90973.684.42$26,114
Jul 201025,24672.554.74$24,993
Jun 2010755,92470.364.91$34,366
May 201026,11271.124.24$26,028
Apr 201006,37981.694.12$26,299
Mar 201016,67278.394.39$29,360
Feb 201026,18673.585.44$33,814
Jan 201016,26474.365.96$37,433
Dec 200936,37371.445.48$35,162
Nov 200906,91074.593.75$25,923
Oct 200916,57172.544.11$27,081
Sep 200906,65265.543.06$20,387
Aug 200917,39667.423.22$23,871
Jul 200938,59261.133.46$29,950
Jun 200905,81466.163.90$22,646
May 200905,90854.743.93$23,193
Apr 200916,80546.773.59$24,460
Mar 200926,47542.144.06$26,366
Feb 200966,66432.814.63$31,071
Jan 20091137,66935.865.37$45,242
Dec 200827,91737.105.98$47,395
Nov 200807,01255.496.86$48,105
Oct 200807,84575.246.92$54,303
Sep 200807,940101.767.88$62,544
Aug 200808,830114.228.48$74,905
Jul 200807,405131.0811.39$84,339
Jun 200808,646131.3313.03$112,680
May 200809,075123.1711.57$105,037
Apr 200808,458110.3110.45$88,427
Mar 200809,938101.909.66$96,042
Feb 200808,36692.538.77$73,375
Jan 200809,90790.388.21$81,294
Dec 2007010,61288.337.30$77,489
Nov 200709,58991.677.29$69,920
Oct 2007010,37282.856.92$71,795
Sep 2007010,81675.846.24$67,537
Aug 2007011,50769.066.39$73,506
Jul 2007012,27070.906.39$78,380
Jun 200715312,51462.007.55$103,947
May 2007213,20758.747.85$103,743
Apr 2007113,26859.617.81$103,619
Mar 2007113,11856.927.30$95,844
Feb 2007013,59255.108.22$111,672
Jan 2007415,31750.306.73$103,236
Dec 2006015,40056.656.92$106,544
Nov 2006015,48354.207.62$117,941
Oct 2006016,72654.906.01$100,587
Sep 2006017,11660.085.04$86,217
Aug 2006018,12068.717.34$132,999
Jul 2006220,92169.376.34$132,836
Jun 2006522,21866.286.38$142,168
May 2006025,82966.016.42$165,951
Apr 2006028,82864.397.36$212,188
Mar 2006034,66056.707.08$245,494
Feb 2006534,16057.597.75$265,066
Jan 2006140,28660.598.93$359,948
Dec 200516646,78854.9413.42$636,800
Nov 2005069,34654.6910.59$734,263
Oct 200517598,63058.3413.80$1,370,885
Sep 2005109105,99961.4512.08$1,287,060
Aug 20051414,56161.519.80$143,513

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                  774 Mcf  × $  3.05 =     $2,357

────────────────────────────────────────────────────
Month total                                   $2,357

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/214189 is the state's own key, not one this site invented.