VAQUILLAS BORREGO

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 238068District 04Field 999305002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.1 M
Jan 2008 – Mar 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
111
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112009-06-16181704
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
CondensateDisposition7,501 bbl$684,473
GasProduction1,351,910 Mcf$10,373,507
Total$11,057,979

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 27.3023, -99.0675. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.30233, -99.06750 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,558 ft
1 wells filed one
Completion to plug
8.3 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 9,558 ft.

Completions filed
Nov 2008
1 of 1 wells
Plug dates filed
Mar 2017
1 of 1 wells

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793997028H9,558 ftNov 2008Mar 2017Yes

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 (111)

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

111 months

Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20142098.164.74$196
May 20140094.734.73$0
Apr 201445495.944.81$643
Mar 201485395.895.06$1,035
Feb 2014128997.406.19$1,720
Jan 2014715790.404.86$1,396
Dec 2013719191.824.35$1,474
Nov 2013519188.853.74$1,158
Oct 2013713497.423.78$1,188
Sep 20136199104.113.72$1,364
Aug 20138221104.253.52$1,613
Jul 201312306102.523.72$2,368
Jun 2013036994.403.93$1,451
May 2013842594.834.15$2,522
Apr 2013439393.964.28$2,059
Mar 2013745393.623.91$2,428
Feb 2013743091.233.42$2,109
Jan 2013665091.603.42$2,773
Dec 2012475286.773.42$2,919
Nov 2012877786.953.62$3,512
Oct 20122142389.383.40$3,315
Sep 2012252,08794.672.92$8,457
Aug 2012213,82792.662.91$13,075
Jul 2012213,00685.133.02$10,868
Jun 2012513,13079.822.52$11,955
May 2012184,21791.612.49$12,142
Apr 2012753,599101.652.00$14,810
Mar 2012314,182105.052.22$12,549
Feb 2012313,916101.102.57$13,199
Jan 2012284,37098.092.73$14,694
Dec 2011324,05496.873.24$16,234
Nov 2011654,51495.723.31$21,169
Oct 2011304,53184.983.65$19,081
Sep 2011314,91583.623.99$22,182
Aug 2011724,50083.404.15$24,677
Jul 201105,34994.144.52$24,163
Jun 2011255,90092.904.64$29,698
May 2011714,73198.134.40$27,806
Apr 2011506,075105.964.33$31,623
Mar 2011595,77796.364.06$29,124
Feb 201105,11085.644.18$21,360
Jan 2011776,84286.504.59$38,057
Dec 2010357,73885.734.35$36,643
Nov 2010809,51380.843.80$42,572
Oct 20108410,14878.103.51$42,169
Sep 2010438,51172.633.98$36,992
Aug 201025110,42873.684.42$64,579
Jul 2010010,63472.554.74$50,368
Jun 201009,26770.364.91$45,505
May 20104511,13471.124.24$50,355
Apr 20108811,33881.694.12$53,932
Mar 20109011,30178.394.39$56,651
Feb 20104711,30373.585.44$64,973
Jan 20108613,27574.365.96$85,568
Dec 20099714,15571.445.48$84,552
Nov 20094014,08074.593.75$55,805
Oct 20098215,33872.544.11$68,991
Sep 20093816,74865.543.06$53,819
Aug 20098017,39567.423.22$61,379
Jul 200912519,39761.133.46$74,842
Jun 20098720,43166.163.90$85,335
May 20098822,78754.743.93$94,273
Apr 200916223,11146.773.59$90,487
Mar 20095728,62142.144.06$118,575
Feb 200914623,61332.814.63$114,189
Jan 200914024,26435.865.37$135,342
Dec 200815128,79437.105.98$177,708
Nov 200814427,14455.496.86$194,208
Oct 200810228,53775.246.92$205,207
Sep 200819835,846101.767.88$302,511
Aug 200813244,462114.228.48$392,249
Jul 200827651,941131.0811.39$627,756
Jun 200837360,246131.3313.03$834,150
May 200845482,852123.1711.57$1,014,872
Apr 2008572101,192110.3110.45$1,121,046
Mar 2008929155,106101.909.66$1,593,620
Feb 20081,126249,83492.538.77$2,295,378
Jan 20089720,52790.388.21$177,206

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.

Jun 2014 — as filed, then multipliedworked
Condensate             2 bbl  × $ 98.16 =       $196
Gas                    0 Mcf  × $  4.74 =         $0

────────────────────────────────────────────────────
Month total                                     $196

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/238068 is the state's own key, not one this site invented.