OLIVAREZ UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the MCMORAN (8960) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 230872District 04Field 598188522 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.3 M
Aug 2007 – May 2026
Value, last 12 filed months
$99
at the published price for each month
Months reported
226
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 84 leases and 84 wells, and the rule below applies to all of them.

Discovered
1968-11-27
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 2003-09-22.

The Commission's schedule remark for this field reads: WELL AND 95% ACRES.THE ALLOCATION SUSPENSION REMAINS.

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 Gas112009-02-09185442
NGPA2none

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
CondensateDisposition19,130 bbl$1,592,838
GasProduction1,769,947 Mcf$10,672,611
Total$12,265,449

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 26.7066, -98.3483. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.70661, -98.34828 · 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
11,040 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 11,040 ft.

Completions filed
Aug 2007
1 of 1 wells

1 well

42-21533622211,040 ftAug 2007

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 (226)

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

226 months

May 202600106.413.05$0
Apr 20261098.932.87$99
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230477.892.81$11
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230668.962.26$14
May 20230070.622.23$0
Apr 20231378.122.24$85
Mar 20230072.852.39$0
Feb 20230575.112.47$12
Jan 202313276.533.39$185
Dec 2022120676.415.73$1,257
Nov 2022141785.005.65$2,439
Oct 2022364887.185.86$4,061
Sep 2022092384.888.16$7,535
Aug 2022087494.529.13$7,977
Jul 20221292101.587.54$2,304
Jun 202200115.097.98$0
May 20220687109.378.43$5,794
Apr 20220896104.226.84$6,126
Mar 20220926108.885.08$4,701
Feb 2022289791.054.86$4,540
Jan 202201,03081.844.54$4,674
Dec 202121,08071.323.90$4,354
Nov 202101,03077.435.24$5,394
Oct 2021981,09579.795.71$14,076
Sep 202121,04469.865.35$5,726
Aug 202101,07466.024.22$4,533
Jul 202121,14070.783.98$4,681
Jun 202101,13769.493.38$3,844
May 202121,20463.483.02$3,760
Apr 202101,17260.362.76$3,233
Mar 202101,27361.302.72$3,459
Feb 202101,22657.805.55$6,802
Jan 202121,51250.412.81$4,350
Dec 202001,62144.642.68$4,337
Nov 202021,68138.772.71$4,627
Oct 202002,42636.972.48$6,013
Sep 2020094337.091.99$1,878
Aug 2020088839.982.39$2,118
Jul 2020290738.371.83$1,732
Jun 2020096034.901.69$1,623
May 202001,10116.921.81$1,998
Apr 202021,13714.751.80$2,081
Mar 202011,17730.341.86$2,215
Feb 2020195449.881.98$1,939
Jan 2020981,05757.252.09$7,825
Dec 20199792859.012.30$7,862
Nov 201921,16255.302.75$3,307
Oct 201901,04853.472.42$2,535
Sep 201921,34255.052.66$3,676
Aug 201901,38253.112.30$3,185
Jul 201911,51056.272.46$3,771
Jun 201911,57052.782.49$3,964
May 2019084858.482.74$2,324
Apr 2019171462.632.75$2,027
Mar 2019192056.803.06$2,874
Feb 201901,16450.852.79$3,250
Jan 201921,34246.033.23$4,424
Dec 201801,87546.594.19$7,848
Nov 201821,39852.934.24$6,030
Oct 201801,61961.443.40$5,501
Sep 201811,93559.543.11$6,074
Aug 201821,81159.403.07$5,672
Jul 201801,98565.142.93$5,820
Jun 201821,83960.183.08$5,779
May 201802,04165.382.90$5,921
Apr 201812,01763.842.90$5,915
Mar 201821,96161.222.79$5,587
Feb 201801,67361.782.77$4,628
Jan 201821,85162.874.01$7,547
Dec 201711,78857.272.92$5,281
Nov 201711,64255.423.12$5,176
Oct 201721,99449.292.98$6,048
Sep 201702,15347.523.09$6,647
Aug 201702,31345.373.00$6,949
Jul 201712,21043.873.09$6,867
Jun 201702,04942.493.09$6,326
May 201702,10345.373.26$6,863
Apr 201712,16347.933.21$6,995
Mar 201712,17146.772.98$6,524
Feb 201722,05150.452.95$6,157
Jan 201722,21349.413.42$7,665
Dec 201612,04648.763.72$7,666
Nov 201612,49242.492.64$6,632
Oct 201611,45046.193.09$4,527
Sep 20161742,46341.553.10$14,867
Aug 201612,39241.442.92$7,036
Jul 201601,16541.622.92$3,407
Jun 201612,12045.352.69$5,739
May 201612,83242.521.99$5,681
Apr 201611,97936.561.99$3,977
Mar 201633,04533.011.79$5,562
Feb 201622,34926.472.06$4,900
Jan 201622,15527.352.36$5,150
Dec 201512,68932.362.00$5,414
Nov 201512,65838.792.17$5,800
Oct 201522,90343.552.43$7,131
Sep 201511,85942.992.76$5,171
Aug 201522,73640.162.87$7,939
Jul 201502,01748.152.95$5,940
Jun 201512,24156.152.88$6,517
May 201523,23255.212.96$9,662
Apr 201513,22049.822.71$8,765
Mar 2015123,44642.892.93$10,628
Feb 2015663,28544.662.98$12,724
Jan 201523,58643.433.10$11,206
Dec 20141643,98554.693.59$23,281
Nov 201424,74570.464.25$20,316
Oct 201433,42478.303.90$13,592
Sep 2014802,12286.164.05$15,477
Aug 201453,23889.394.04$13,513
Jul 201442,72696.564.18$11,780
Jun 201443,43498.164.74$16,659
May 20141833,20594.734.73$32,484
Apr 201443,48795.944.81$17,153
Mar 201483,44095.895.06$18,163
Feb 201413,74497.406.19$23,280
Jan 201454,19890.404.86$20,857
Dec 201394,10091.824.35$18,680
Nov 201323,28488.853.74$12,454
Oct 201353,74897.423.78$14,652
Sep 201373,981104.113.72$15,529
Aug 201323,781104.253.52$13,527
Jul 20131884,317102.523.72$35,323
Jun 201353,66994.403.93$14,904
May 201354,14694.834.15$17,676
Apr 201384,69393.964.28$20,850
Mar 2013103,30293.623.91$13,857
Feb 2013124,41991.233.42$16,207
Jan 2013104,40991.603.42$15,994
Dec 20121964,18186.773.42$31,307
Nov 2012134,51586.953.62$17,497
Oct 2012125,35089.383.40$19,261
Sep 201294,72494.672.92$14,639
Aug 2012135,25392.662.91$16,481
Jul 201273,90685.133.02$12,395
Jun 201274,87179.822.52$12,829
May 2012115,66291.612.49$15,097
Apr 20121855,307101.652.00$29,402
Mar 2012189,133105.052.22$22,185
Feb 201243,088101.102.57$8,341
Jan 20122086998.092.73$4,338
Dec 2011114,98596.873.24$17,216
Nov 2011176,71995.723.31$23,876
Oct 2011137,80084.983.65$29,563
Sep 20111676,56483.623.99$40,127
Aug 2011118,06583.404.15$34,382
Jul 2011128,90194.144.52$41,338
Jun 2011118,77892.904.64$41,751
May 20112029,56498.134.40$61,950
Apr 2011139,710105.964.33$43,454
Mar 20111411,10796.364.06$46,414
Feb 20112049,75885.644.18$58,259
Jan 2011127,27586.504.59$34,421
Dec 2010199,41985.734.35$42,580
Nov 2010159,58880.843.80$37,602
Oct 201020112,48278.103.51$59,496
Sep 20101510,06272.633.98$41,131
Aug 20101714,18173.684.42$63,924
Jul 201019410,23972.554.74$62,572
Jun 201020712,86970.364.91$77,756
May 20101314,74471.124.24$63,369
Apr 20101614,19281.694.12$59,816
Mar 20101929,47178.394.39$56,616
Feb 20102613,82673.585.44$77,159
Jan 201020315,04274.365.96$104,807
Dec 20091916,33471.445.48$90,929
Nov 200919016,63274.593.75$76,567
Oct 20093418,24672.544.11$77,462
Sep 200920819,51965.543.06$73,453
Aug 20093115,43367.423.22$51,761
Jul 200923017,49961.133.46$74,685
Jun 20094320,60466.163.90$83,097
May 200923622,36354.743.93$100,710
Apr 20095921,74246.773.59$80,759
Mar 200930523,13642.144.06$106,762
Feb 200926322,41932.814.63$112,496
Jan 200926529,97135.865.37$170,477
Dec 200824831,48337.105.98$197,379
Nov 200838834,07655.496.86$255,304
Oct 200825140,50475.246.92$299,253
Sep 200857835,536101.767.88$338,738
Aug 200839143,311114.228.48$412,068
Jul 200861653,317131.0811.39$687,996
Jun 2008100131.3313.03$1,313
May 20082053,471123.1711.57$65,424
Apr 200864453,000110.3110.45$625,147
Mar 200852368,793101.909.66$718,114
Feb 20081,08163,31092.538.77$655,290
Jan 200869463,66090.388.21$585,100
Dec 20071,23674,70588.337.30$654,670
Nov 20071,56385,82491.677.29$769,083
Oct 20072,299122,11382.856.92$1,035,736
Sep 20072,650192,10075.846.24$1,400,479
Aug 200721011,21969.066.39$86,169

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.

Apr 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $ 98.93 =        $99
Gas                    0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                      $99

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/230872 is the state's own key, not one this site invented.