V & W RANCH

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

Gas lease lease 245758District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$667 k
Feb 2008 – May 2026
Value, last 12 filed months
$116
at the published price for each month
Months reported
220
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 420 leases and 420 wells, and the rule below applies to all of them.

Discovered
1998-10-21
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 Gas112010-10-15197764
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
CondensateDisposition790 bbl$61,204
GasProduction107,320 Mcf$605,681
Total$666,885

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 27.4987, -99.0685. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.49870, -99.06852 · 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
11,000 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 11,000 ft.

Completions filed
Feb 2008
1 of 1 wells

1 well

42-47940013111,000 ftFeb 2008

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 (220)

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

220 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260589.753.15$16
Feb 20260563.503.75$19
Jan 20260259.138.00$16
Dec 20250456.664.41$18
Nov 20250458.593.93$16
Oct 20250659.383.30$20
Sep 20250062.743.08$0
Aug 20250363.933.01$9
Jul 20250166.743.32$3
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250367.704.27$13
Feb 20250070.884.34$0
Jan 20250874.324.28$34
Dec 20240068.993.12$0
Nov 20240569.052.20$11
Oct 20240271.372.28$5
Sep 20240569.612.36$12
Aug 20240075.632.06$0
Jul 20240279.932.15$4
Jun 20240078.082.63$0
May 20240378.812.20$7
Apr 20240084.451.66$0
Mar 20240180.301.55$2
Feb 20240176.091.78$2
Jan 20240373.023.30$10
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230285.443.09$6
Sep 202308389.042.74$227
Aug 2023010280.522.67$273
Jul 2023016574.852.64$436
Jun 2023014368.962.26$323
May 2023016870.622.23$374
Apr 2023019878.122.24$443
Mar 2023021772.852.39$519
Feb 2023011875.112.47$291
Jan 2023013676.533.39$461
Dec 2022014376.415.73$819
Nov 2022015285.005.65$858
Oct 2022016887.185.86$985
Sep 2022120784.888.16$1,775
Aug 2022013194.529.13$1,196
Jul 20220173101.587.54$1,305
Jun 20220173115.097.98$1,380
May 20221188109.378.43$1,695
Apr 20220189104.226.84$1,292
Mar 20220229108.885.08$1,163
Feb 2022016791.054.86$811
Jan 2022015781.844.54$712
Dec 2021022771.323.90$885
Nov 2021140777.435.24$2,209
Oct 2021013679.795.71$777
Sep 20215314269.865.35$4,462
Aug 2021015866.024.22$667
Jul 2021016470.783.98$653
Jun 2021016569.493.38$558
May 2021018063.483.02$543
Apr 2021018160.362.76$499
Mar 2021120561.302.72$618
Feb 2021020057.805.55$1,110
Jan 2021028250.412.81$793
Dec 2020035044.642.68$936
Nov 2020013738.772.71$371
Oct 2020014736.972.48$364
Sep 2020014737.091.99$293
Aug 2020016239.982.39$386
Jul 2020017238.371.83$314
Jun 2020017934.901.69$303
May 2020020316.921.81$368
Apr 2020022014.751.80$397
Mar 2020123830.341.86$472
Feb 2020014949.881.98$295
Jan 2020013757.252.09$287
Dec 2019012059.012.30$277
Nov 2019014755.302.75$404
Oct 2019012653.472.42$305
Sep 2019013655.052.66$361
Aug 201908353.112.30$191
Jul 2019010756.272.46$263
Jun 2019012552.782.49$311
May 2019130858.482.74$903
Apr 2019132962.632.75$968
Mar 2019129256.803.06$951
Feb 201908450.852.79$235
Jan 2019019046.033.23$613
Dec 201801546.594.19$63
Nov 2018010252.934.24$432
Oct 2018020061.443.40$680
Sep 2018025459.543.11$789
Aug 2018030659.403.07$938
Jul 2018023465.142.93$686
Jun 2018010460.183.08$320
May 2018015065.382.90$435
Apr 2018014963.842.90$432
Mar 2018010761.222.79$298
Feb 2018013061.782.77$360
Jan 2018040462.874.01$1,620
Dec 201701,18557.272.92$3,462
Nov 2017085255.423.12$2,657
Oct 2017058449.292.98$1,742
Sep 2017022247.523.09$685
Aug 20177126745.373.00$4,023
Jul 2017026443.873.09$815
Jun 2017029042.493.09$895
May 2017027145.373.26$884
Apr 2017031547.933.21$1,012
Mar 2017031346.772.98$934
Feb 2017022950.452.95$676
Jan 2017024949.413.42$851
Dec 2016026148.763.72$972
Nov 2016026542.492.64$701
Oct 2016030346.193.09$936
Sep 2016028141.553.10$871
Aug 2016033541.442.92$980
Jul 2016029341.622.92$857
Jun 2016033845.352.69$908
May 2016033942.521.99$675
Apr 2016031036.561.99$617
Mar 2016028533.011.79$511
Feb 2016032126.472.06$662
Jan 20164321827.352.36$1,691
Dec 2015031832.362.00$636
Nov 2015032038.792.17$694
Oct 2015034843.552.43$844
Sep 2015035242.992.76$971
Aug 2015036240.162.87$1,040
Jul 2015038548.152.95$1,134
Jun 2015028456.152.88$819
May 2015041055.212.96$1,212
Apr 2015015449.822.71$417
Mar 2015031342.892.93$919
Feb 2015016144.662.98$479
Jan 2015027743.433.10$859
Dec 2014043054.693.59$1,544
Nov 201410828970.464.25$8,838
Oct 2014016478.303.90$640
Sep 2014030486.164.05$1,230
Aug 2014036289.394.04$1,461
Jul 2014037096.564.18$1,546
Jun 2014034698.164.74$1,639
May 2014040494.734.73$1,910
Apr 2014040195.944.81$1,928
Mar 2014043095.895.06$2,174
Feb 2014034297.406.19$2,118
Jan 2014044590.404.86$2,163
Dec 2013050891.824.35$2,212
Nov 2013039188.853.74$1,462
Oct 2013047197.423.78$1,780
Sep 20130438104.113.72$1,628
Aug 20130460104.253.52$1,620
Jul 20130467102.523.72$1,736
Jun 2013047394.403.93$1,861
May 2013053394.834.15$2,211
Apr 2013041993.964.28$1,794
Mar 2013052593.623.91$2,054
Feb 2013046891.233.42$1,601
Jan 2013051891.603.42$1,772
Dec 2012052986.773.42$1,809
Nov 2012051286.953.62$1,856
Oct 2012053189.383.40$1,805
Sep 2012041494.672.92$1,208
Aug 2012050792.662.91$1,474
Jul 2012051985.133.02$1,568
Jun 2012053179.822.52$1,338
May 2012057391.612.49$1,426
Apr 20120558101.652.00$1,114
Mar 20120601105.052.22$1,335
Feb 20120585101.102.57$1,504
Jan 2012062398.092.73$1,703
Dec 20118262596.873.24$9,968
Nov 2011054095.723.31$1,788
Oct 2011064384.983.65$2,346
Sep 2011062483.623.99$2,487
Aug 2011066683.404.15$2,763
Jul 2011068894.144.52$3,108
Jun 2011059792.904.64$2,770
May 2011059598.134.40$2,621
Apr 20110625105.964.33$2,708
Mar 2011075296.364.06$3,051
Feb 2011055185.644.18$2,303
Jan 2011073686.504.59$3,377
Dec 2010076385.734.35$3,317
Nov 2010075080.843.80$2,847
Oct 2010070478.103.51$2,470
Sep 201014771572.633.98$13,522
Aug 2010079473.684.42$3,509
Jul 2010083372.554.74$3,946
Jun 2010085570.364.91$4,198
May 2010091871.124.24$3,888
Apr 2010084981.694.12$3,500
Mar 2010091978.394.39$4,033
Feb 2010084473.585.44$4,593
Jan 2010094874.365.96$5,654
Dec 2009097871.445.48$5,363
Nov 2009097474.593.75$3,654
Oct 200901,01972.544.11$4,188
Sep 200901,07265.543.06$3,285
Aug 200901,11067.423.22$3,573
Jul 200901,18361.133.46$4,099
Jun 200901,29266.163.90$5,032
May 200901,07354.743.93$4,212
Apr 200901,29746.773.59$4,653
Mar 200901,33542.144.06$5,419
Feb 200901,26532.814.63$5,861
Jan 200901,49035.865.37$8,003
Dec 20081081,64037.105.98$13,809
Nov 200801,71755.496.86$11,779
Oct 200801,92575.246.92$13,325
Sep 200802,065101.767.88$16,266
Aug 200802,366114.228.48$20,071
Jul 200802,774131.0811.39$31,594
Jun 20081703,162131.3313.03$63,535
May 200803,851123.1711.57$44,573
Apr 200803,959110.3110.45$41,391
Mar 200806,125101.909.66$59,192
Feb 200805,03792.538.77$44,177

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 89.75 =         $0
Gas                    5 Mcf  × $  3.15 =        $16

────────────────────────────────────────────────────
Month total                                      $16

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/245758 is the state's own key, not one this site invented.