KING RANCH BORREGOS

Name: KING RANCH BORREGOS lease production and value, Apr 2014 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the KRB\ZUNI-NC (VXBG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274349District 04Field 479394602 tax incentive programmesCondensateGasSave Export

Value, all time

$32.6 M

Apr 2014 – May 2026

Value, last 12 filed months

$916 k

at the published price for each month

Months reported

146

no gaps in the span

Streams

condensate, gas

The KRB\ZUNI-NC (VXBG) 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 36 leases and 36 wells, and the rule below applies to all of them.

Discovered

1998-12-03

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 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 2013-06-18.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 09/01/2013.”

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	2020-03-18	216732
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	250,718 bbl	$14,986,960
Gas	Production	5,279,787 Mcf	$17,649,809
Total			$32,636,769

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 27.4166, -97.9331. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.41664, -97.93309 · 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

0.0%

0 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

13,188 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 13,188 ft.

Completions filed

Apr 2014

1 of 1 wells

1 well


42-27332625	M889E	13,188 ft	Apr 2014	—	—

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 (146)

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

146 months


May 2026	523	11,651	106.41	3.05	$91,140
Apr 2026	454	11,577	98.93	2.87	$78,137
Mar 2026	520	11,964	89.75	3.15	$84,350
Feb 2026	416	10,689	63.50	3.75	$66,503
Jan 2026	495	11,950	59.13	8.00	$124,844
Dec 2025	443	11,950	56.66	4.41	$77,840
Nov 2025	247	11,717	58.59	3.93	$60,478
Oct 2025	365	12,411	59.38	3.30	$62,690
Sep 2025	462	12,129	62.74	3.08	$66,306
Aug 2025	474	12,415	63.93	3.01	$67,731
Jul 2025	388	13,183	66.74	3.32	$69,599
Jun 2025	412	12,319	66.48	3.13	$65,932
May 2025	462	13,673	60.55	3.23	$72,170
Apr 2025	567	13,597	62.36	3.54	$83,534
Mar 2025	998	12,209	67.70	4.27	$119,677
Feb 2025	719	11,997	70.88	4.34	$103,040
Jan 2025	1,027	12,733	74.32	4.28	$130,807
Dec 2024	959	12,505	68.99	3.12	$105,194
Nov 2024	933	11,830	69.05	2.20	$90,431
Oct 2024	1,272	12,465	71.37	2.28	$119,220
Sep 2024	874	11,760	69.61	2.36	$88,644
Aug 2024	998	12,774	75.63	2.06	$101,840
Jul 2024	1,005	13,029	79.93	2.15	$108,298
Jun 2024	874	13,612	78.08	2.63	$104,096
May 2024	840	15,391	78.81	2.20	$100,037
Apr 2024	1,022	13,918	84.45	1.66	$109,401
Mar 2024	609	15,613	80.30	1.55	$73,027
Feb 2024	406	14,724	76.09	1.78	$57,155
Jan 2024	436	14,185	73.02	3.30	$78,614
Dec 2023	753	16,476	71.26	2.61	$96,673
Nov 2023	922	16,630	77.89	2.81	$118,504
Oct 2023	541	8,743	85.44	3.09	$73,215
Sep 2023	516	10,867	89.04	2.74	$75,666
Aug 2023	415	13,352	80.52	2.67	$69,104
Jul 2023	653	13,338	74.85	2.64	$84,113
Jun 2023	706	13,070	68.96	2.26	$78,204
May 2023	708	14,513	70.62	2.23	$82,325
Apr 2023	733	14,508	78.12	2.24	$89,727
Mar 2023	893	16,092	72.85	2.39	$103,566
Feb 2023	839	13,492	75.11	2.47	$96,284
Jan 2023	1,098	16,195	76.53	3.39	$138,894
Dec 2022	1,170	15,922	76.41	5.73	$180,618
Nov 2022	1,353	17,935	85.00	5.65	$216,270
Oct 2022	1,076	19,214	87.18	5.86	$206,472
Sep 2022	646	13,902	84.88	8.16	$168,324
Aug 2022	739	17,945	94.52	9.13	$233,637
Jul 2022	682	17,655	101.58	7.54	$202,433
Jun 2022	857	18,639	115.09	7.98	$247,319
May 2022	1,057	20,510	109.37	8.43	$288,566
Apr 2022	461	11,005	104.22	6.84	$123,293
Mar 2022	966	19,976	108.88	5.08	$206,584
Feb 2022	697	18,750	91.05	4.86	$154,565
Jan 2022	93	4,384	81.84	4.54	$27,504
Dec 2021	162	0	71.32	3.90	$11,554
Nov 2021	841	17,005	77.43	5.24	$154,171
Oct 2021	1,439	19,695	79.79	5.71	$227,352
Sep 2021	1,524	19,175	69.86	5.35	$209,071
Aug 2021	1,362	19,808	66.02	4.22	$173,521
Jul 2021	1,193	20,072	70.78	3.98	$164,369
Jun 2021	1,215	20,065	69.49	3.38	$152,262
May 2021	1,330	21,307	63.48	3.02	$148,726
Apr 2021	1,238	21,261	60.36	2.76	$133,372
Mar 2021	1,435	22,556	61.30	2.72	$149,249
Feb 2021	1,222	16,923	57.80	5.55	$164,520
Jan 2021	1,228	21,108	50.41	2.81	$121,223
Dec 2020	1,499	21,399	44.64	2.68	$124,168
Nov 2020	1,449	21,492	38.77	2.71	$114,347
Oct 2020	986	22,901	36.97	2.48	$93,211
Sep 2020	724	21,112	37.09	1.99	$68,888
Aug 2020	728	22,018	39.98	2.39	$81,621
Jul 2020	631	21,532	38.37	1.83	$63,510
Jun 2020	569	23,209	34.90	1.69	$59,089
May 2020	804	23,484	16.92	1.81	$56,221
Apr 2020	783	23,918	14.75	1.80	$54,706
Mar 2020	994	24,209	30.34	1.86	$75,095
Feb 2020	971	23,962	49.88	1.98	$95,894
Jan 2020	1,130	26,646	57.25	2.09	$120,509
Dec 2019	1,255	28,111	59.01	2.30	$138,835
Nov 2019	926	24,916	55.30	2.75	$119,744
Oct 2019	874	20,637	53.47	2.42	$96,644
Sep 2019	665	12,396	55.05	2.66	$69,548
Aug 2019	1,159	24,620	53.11	2.30	$118,288
Jul 2019	1,186	24,777	56.27	2.46	$127,689
Jun 2019	1,159	25,841	52.78	2.49	$125,547
May 2019	1,411	29,884	58.48	2.74	$164,407
Apr 2019	1,426	29,210	62.63	2.75	$169,658
Mar 2019	319	22,295	56.80	3.06	$86,389
Feb 2019	363	26,155	50.85	2.79	$91,489
Jan 2019	461	28,848	46.03	3.23	$114,346
Dec 2018	459	29,159	46.59	4.19	$143,428
Nov 2018	557	27,495	52.93	4.24	$145,985
Oct 2018	910	31,514	61.44	3.40	$162,997
Sep 2018	922	31,322	59.54	3.11	$152,245
Aug 2018	1,462	33,329	59.40	3.07	$189,048
Jul 2018	1,417	31,288	65.14	2.93	$184,036
Jun 2018	1,471	30,512	60.18	3.08	$182,408
May 2018	1,551	35,822	65.38	2.90	$205,317
Apr 2018	1,698	33,347	63.84	2.90	$205,133
Mar 2018	2,779	35,850	61.22	2.79	$270,039
Feb 2018	2,661	33,488	61.78	2.77	$257,028
Jan 2018	2,876	38,027	62.87	4.01	$333,277
Dec 2017	2,172	37,924	57.27	2.92	$235,186
Nov 2017	2,627	37,700	55.42	3.12	$263,151
Oct 2017	2,462	39,178	49.29	2.98	$238,247
Sep 2017	2,335	41,472	47.52	3.09	$238,995
Aug 2017	2,643	44,109	45.37	3.00	$252,434
Jul 2017	2,495	44,893	43.87	3.09	$248,053
Jun 2017	2,342	49,009	42.49	3.09	$250,816
May 2017	1,536	33,636	45.37	3.26	$179,456
Apr 2017	1,186	20,641	47.93	3.21	$123,136
Mar 2017	1,646	37,363	46.77	2.98	$188,463
Feb 2017	1,167	29,966	50.45	2.95	$147,353
Jan 2017	1,837	40,383	49.41	3.42	$228,828
Dec 2016	2,038	41,601	48.76	3.72	$254,246
Nov 2016	1,963	47,377	42.49	2.64	$208,689
Oct 2016	2,569	58,138	46.19	3.09	$298,324
Sep 2016	2,713	53,997	41.55	3.10	$280,150
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	1,521	28,069	41.62	2.92	$145,387
Jun 2016	2,661	49,175	45.35	2.69	$252,752
May 2016	2,834	51,853	42.52	1.99	$223,743
Apr 2016	3,023	54,469	36.56	1.99	$218,971
Mar 2016	3,648	60,543	33.01	1.79	$229,035
Feb 2016	3,351	59,573	26.47	2.06	$211,638
Jan 2016	4,097	70,161	27.35	2.36	$277,939
Dec 2015	3,975	68,098	32.36	2.00	$264,923
Nov 2015	3,965	70,603	38.79	2.17	$306,822
Oct 2015	3,763	74,594	43.55	2.43	$344,887
Sep 2015	3,137	74,890	42.99	2.76	$341,438
Aug 2015	3,947	85,092	40.16	2.87	$402,937
Jul 2015	3,631	88,362	48.15	2.95	$435,066
Jun 2015	4,266	90,758	56.15	2.88	$501,179
May 2015	4,797	100,325	55.21	2.96	$561,348
Apr 2015	5,310	100,300	49.82	2.71	$536,013
Mar 2015	6,038	114,895	42.89	2.93	$596,153
Feb 2015	5,339	105,503	44.66	2.98	$552,437
Jan 2015	6,300	106,872	43.43	3.10	$604,980
Dec 2014	6,472	130,116	54.69	3.59	$821,247
Nov 2014	6,303	143,602	70.46	4.25	$1,054,682
Oct 2014	4,333	143,255	78.30	3.90	$898,106
Sep 2014	4,701	114,267	86.16	4.05	$867,298
Aug 2014	5,641	127,181	89.39	4.04	$1,017,440
Jul 2014	7,143	134,731	96.56	4.18	$1,252,850
Jun 2014	6,766	165,968	98.16	4.74	$1,450,321
May 2014	6,827	167,673	94.73	4.73	$1,439,238
Apr 2014	0	124,689	95.94	4.81	$599,644

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           523 bbl  × $106.41 =    $55,652
Gas               11,651 Mcf  × $  3.05 =    $35,487

────────────────────────────────────────────────────
Month total                                  $91,140

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/274349 is the state's own key, not one this site invented.