VAQUILLAS-BORREGO

Name: VAQUILLAS-BORREGO lease production and value, May 2006 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KILLAM OIL CO., LTD. (P-5 460054) in the ZWEBB (10350) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 219603District 04Field 999305002 tax incentive programmesCondensateGasSave Export

Value, all time

$7.5 M

May 2006 – Apr 2017

Value, last 12 filed months

$608

at the published price for each month

Months reported

132

no gaps in the span

Streams

condensate, gas

The ZWEBB (10350) 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 118 leases and 118 wells, and the rule below applies to all of them.

Discovered

1988-05-03

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 2003-06-10.

The Commission's schedule remark for this field reads: “AND 5% PER WELL.”

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	2007-01-26	172477
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	21,655 bbl	$1,405,092
Gas	Production	931,081 Mcf	$6,099,905
Total			$7,504,998

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 27.2921, -99.0779. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.29207, -99.07786 · 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

11,200 ft

1 wells filed one

Completion to plug

10.9 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 11,200 ft.

Completions filed

May 2006

1 of 1 wells

Plug dates filed

Apr 2017

1 of 1 wells

Last completion to plug: a median of 10.9 years across the 1 well that filed both dates, with the middle half between 10.9 years and 10.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47939374	21	11,200 ft	May 2006	Apr 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 (132)

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

132 months


Apr 2017	0	0	47.93	3.21	$0
Mar 2017	13	0	46.77	2.98	$608
Feb 2017	0	0	50.45	2.95	$0
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	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	20	0	33.01	1.79	$660
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	375	27.35	2.36	$887
Dec 2015	0	809	32.36	2.00	$1,619
Nov 2015	26	800	38.79	2.17	$2,742
Oct 2015	25	801	43.55	2.43	$3,032
Sep 2015	0	602	42.99	2.76	$1,661
Aug 2015	0	693	40.16	2.87	$1,991
Jul 2015	0	585	48.15	2.95	$1,723
Jun 2015	23	516	56.15	2.88	$2,779
May 2015	22	689	55.21	2.96	$3,251
Apr 2015	0	573	49.82	2.71	$1,551
Mar 2015	0	688	42.89	2.93	$2,019
Feb 2015	0	638	44.66	2.98	$1,899
Jan 2015	25	681	43.43	3.10	$3,197
Dec 2014	0	556	54.69	3.59	$1,997
Nov 2014	0	739	70.46	4.25	$3,142
Oct 2014	0	767	78.30	3.90	$2,992
Sep 2014	0	699	86.16	4.05	$2,828
Aug 2014	0	133	89.39	4.04	$537
Jul 2014	9	570	96.56	4.18	$3,251
Jun 2014	18	795	98.16	4.74	$5,533
May 2014	0	617	94.73	4.73	$2,916
Apr 2014	8	826	95.94	4.81	$4,740
Mar 2014	12	633	95.89	5.06	$4,352
Feb 2014	13	497	97.40	6.19	$4,344
Jan 2014	19	660	90.40	4.86	$4,926
Dec 2013	17	786	91.82	4.35	$4,984
Nov 2013	20	901	88.85	3.74	$5,145
Oct 2013	12	984	97.42	3.78	$4,888
Sep 2013	11	851	104.11	3.72	$4,309
Aug 2013	11	804	104.25	3.52	$3,979
Jul 2013	17	767	102.52	3.72	$4,594
Jun 2013	0	953	94.40	3.93	$3,749
May 2013	11	959	94.83	4.15	$5,022
Apr 2013	11	865	93.96	4.28	$4,738
Mar 2013	20	992	93.62	3.91	$5,754
Feb 2013	19	862	91.23	3.42	$4,681
Jan 2013	19	968	91.60	3.42	$5,051
Dec 2012	11	1,143	86.77	3.42	$4,864
Nov 2012	27	1,051	86.95	3.62	$6,157
Oct 2012	25	1,219	89.38	3.40	$6,379
Sep 2012	11	1,201	94.67	2.92	$4,546
Aug 2012	12	1,259	92.66	2.91	$4,773
Jul 2012	11	1,157	85.13	3.02	$4,432
Jun 2012	17	1,118	79.82	2.52	$4,173
May 2012	8	958	91.61	2.49	$3,117
Apr 2012	22	943	101.65	2.00	$4,119
Mar 2012	13	1,061	105.05	2.22	$3,723
Feb 2012	10	1,238	101.10	2.57	$4,193
Jan 2012	11	1,245	98.09	2.73	$4,483
Dec 2011	11	1,290	96.87	3.24	$5,245
Nov 2011	24	1,380	95.72	3.31	$6,867
Oct 2011	13	1,381	84.98	3.65	$6,143
Sep 2011	15	1,253	83.62	3.99	$6,249
Aug 2011	28	1,354	83.40	4.15	$7,953
Jul 2011	0	1,385	94.14	4.52	$6,256
Jun 2011	16	1,488	92.90	4.64	$8,391
May 2011	29	1,646	98.13	4.40	$10,096
Apr 2011	35	1,528	105.96	4.33	$10,330
Mar 2011	33	1,643	96.36	4.06	$9,846
Feb 2011	0	1,493	85.64	4.18	$6,241
Jan 2011	26	1,515	86.50	4.59	$9,201
Dec 2010	14	1,381	85.73	4.35	$7,204
Nov 2010	28	1,359	80.84	3.80	$7,421
Oct 2010	20	1,640	78.10	3.51	$7,317
Sep 2010	11	1,511	72.63	3.98	$6,812
Aug 2010	55	1,814	73.68	4.42	$12,069
Jul 2010	0	1,585	72.55	4.74	$7,507
Jun 2010	0	1,331	70.36	4.91	$6,536
May 2010	7	1,632	71.12	4.24	$7,410
Apr 2010	30	1,502	81.69	4.12	$8,643
Mar 2010	36	1,585	78.39	4.39	$9,778
Feb 2010	15	1,688	73.58	5.44	$10,290
Jan 2010	32	1,837	74.36	5.96	$13,336
Dec 2009	46	2,174	71.44	5.48	$15,208
Nov 2009	15	2,683	74.59	3.75	$11,184
Oct 2009	25	2,582	72.54	4.11	$12,426
Sep 2009	12	2,321	65.54	3.06	$7,900
Aug 2009	26	2,493	67.42	3.22	$9,777
Jul 2009	37	2,591	61.13	3.46	$11,238
Jun 2009	23	2,520	66.16	3.90	$11,337
May 2009	22	2,710	54.74	3.93	$11,843
Apr 2009	36	2,635	46.77	3.59	$11,137
Mar 2009	13	2,896	42.14	4.06	$12,303
Feb 2009	34	2,615	32.81	4.63	$13,231
Jan 2009	33	2,959	35.86	5.37	$17,076
Dec 2008	37	3,212	37.10	5.98	$20,571
Nov 2008	34	3,399	55.49	6.86	$25,205
Oct 2008	22	3,355	75.24	6.92	$24,879
Sep 2008	37	3,882	101.76	7.88	$34,344
Aug 2008	25	4,513	114.22	8.48	$41,139
Jul 2008	49	5,246	131.08	11.39	$66,172
Jun 2008	55	5,450	131.33	13.03	$78,251
May 2008	49	5,514	123.17	11.57	$69,856
Apr 2008	42	5,530	110.31	10.45	$62,448
Mar 2008	40	7,321	101.90	9.66	$74,827
Feb 2008	48	5,316	92.53	8.77	$51,066
Jan 2008	61	5,739	90.38	8.21	$52,606
Dec 2007	98	6,293	88.33	7.30	$54,608
Nov 2007	67	6,336	91.67	7.29	$52,342
Oct 2007	47	7,731	82.85	6.92	$57,408
Sep 2007	50	7,802	75.84	6.24	$52,509
Aug 2007	58	8,919	69.06	6.39	$60,980
Jul 2007	117	10,799	70.90	6.39	$77,279
Jun 2007	206	14,154	62.00	7.55	$119,613
May 2007	689	18,920	58.74	7.85	$188,923
Apr 2007	724	20,673	59.61	7.81	$204,515
Mar 2007	728	28,300	56.92	7.30	$248,084
Feb 2007	753	27,197	55.10	8.22	$264,941
Jan 2007	784	33,553	50.30	6.73	$265,141
Dec 2006	927	44,954	56.65	6.92	$363,526
Nov 2006	933	40,942	54.20	7.62	$362,443
Oct 2006	1,408	54,407	54.90	6.01	$404,492
Sep 2006	1,020	42,695	60.08	5.04	$276,345
Aug 2006	2,113	76,582	68.71	7.34	$707,290
Jul 2006	3,143	108,770	69.37	6.34	$907,932
Jun 2006	2,708	91,816	66.28	6.38	$765,629
May 2006	3,204	114,134	66.01	6.42	$944,807

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.

Mar 2017 — as filed, then multipliedworked

Condensate            13 bbl  × $ 46.77 =       $608
Gas                    0 Mcf  × $  2.98 =         $0

────────────────────────────────────────────────────
Month total                                     $608

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/219603 is the state's own key, not one this site invented.