KING RANCH BORREGOS

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 278590District 04Field 47939460CondensateGasSaveExport
Value, all time
$2.9 M
Jul 2015 – Mar 2025
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
117
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 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.

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
CondensateDisposition20,778 bbl$929,387
GasProduction704,991 Mcf$1,980,463
Total$2,909,850

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 27.4211, -97.9344. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.42107, -97.93443 · 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
12,568 ft
1 wells filed one
Completion to plug
9.8 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 12,568 ft.

Completions filed
Jul 2015
1 of 1 wells
Plug dates filed
Apr 2025
1 of 1 wells

Last completion to plug: a median of 9.8 years across the 1 well that filed both dates, with the middle half between 9.8 years and 9.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-27332649M921E12,568 ftJul 2015Apr 2025Yes

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 (117)

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

117 months

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 202494078.082.63$808
May 20241774278.812.20$2,971
Apr 20242277884.451.66$3,149
Mar 20241081380.301.55$2,059
Feb 2024185576.091.78$1,601
Jan 2024188273.023.30$2,982
Dec 2023293471.262.61$2,581
Nov 2023393877.892.81$2,867
Oct 2023391085.443.09$3,066
Sep 202321,07189.042.74$3,107
Aug 2023164180.522.67$1,794
Jul 2023296674.852.64$2,702
Jun 2023291568.962.26$2,204
May 2023297170.622.23$2,304
Apr 2023393878.122.24$2,333
Mar 202341,06872.852.39$2,847
Feb 2023498075.112.47$2,717
Jan 202361,23876.533.39$4,653
Dec 202251,08276.415.73$6,581
Nov 202271,24385.005.65$7,613
Oct 20221195187.185.86$6,535
Sep 2022131,18584.888.16$10,777
Aug 2022161,43494.529.13$14,601
Jul 2022151,446101.587.54$12,430
Jun 2022171,465115.097.98$13,643
May 2022221,356109.378.43$13,841
Apr 2022141,371104.226.84$10,833
Mar 2022211,661108.885.08$10,718
Feb 2022181,23691.054.86$7,644
Jan 2022151,27581.844.54$7,013
Dec 2021171,31471.323.90$6,336
Nov 2021211,68377.435.24$10,440
Oct 2021311,85779.795.71$13,084
Sep 2021312,30169.865.35$14,478
Aug 20211691166.024.22$4,901
Jul 2021231,91870.783.98$9,266
Jun 2021231,88669.493.38$7,974
May 2021261,96963.483.02$7,592
Apr 2021241,85760.362.76$6,571
Mar 2021372,27461.302.72$8,446
Feb 2021372,08657.805.55$13,712
Jan 2021352,36150.412.81$8,399
Dec 2020442,40944.642.68$8,409
Nov 2020452,40738.772.71$8,259
Oct 2020382,54936.972.48$7,722
Sep 2020393,09837.091.99$7,615
Aug 2020271,89239.982.39$5,592
Jul 2020292,60438.371.83$5,865
Jun 2020242,75934.901.69$5,501
May 2020323,25116.921.81$6,441
Apr 2020262,51314.751.80$4,918
Mar 2020372,97430.341.86$6,643
Feb 2020352,75949.881.98$7,210
Jan 2020433,28957.252.09$9,351
Dec 2019483,35859.012.30$10,571
Nov 2019464,02255.302.75$13,607
Oct 2019513,23153.472.42$10,541
Sep 2019693,54955.052.66$13,229
Aug 2019623,05053.112.30$10,321
Jul 2019824,08056.272.46$14,651
Jun 2019733,90752.782.49$13,586
May 2019844,23858.482.74$16,526
Apr 20191084,84962.632.75$20,102
Mar 20191333,95456.803.06$19,662
Feb 20191283,84150.852.79$17,234
Jan 20191874,97046.033.23$24,652
Dec 20181905,07246.594.19$30,081
Nov 20182415,15852.934.24$34,612
Oct 20183465,29661.443.40$39,254
Sep 20182445,38659.543.11$31,267
Aug 20182525,72459.403.07$32,522
Jul 20182655,95865.142.93$34,730
Jun 20182675,97960.183.08$34,465
May 20181876,80865.382.90$31,975
Apr 20181026,79763.842.90$26,228
Mar 20181737,59961.222.79$31,768
Feb 20181687,18961.782.77$30,265
Jan 20181848,23062.874.01$44,565
Dec 20171458,53557.272.92$33,239
Nov 20172158,98155.423.12$39,921
Oct 20173129,49049.292.98$43,694
Sep 20172959,76947.523.09$44,178
Aug 201735711,12645.373.00$49,624
Jul 201736012,11743.873.09$53,202
Jun 201741313,82542.493.09$60,230
May 201758515,79745.373.26$78,093
Apr 201754016,62247.933.21$79,265
Mar 201772046.772.98$3,367
Feb 20172287,42850.452.95$33,435
Jan 201744813,17149.413.42$67,165
Dec 201649914,11148.763.72$76,864
Nov 201632610,36242.492.64$41,252
Oct 201646614,73946.193.09$67,072
Sep 201628215,36041.553.10$59,343
Aug 20160041.442.92$0
Jul 20161899,98641.622.92$37,069
Jun 201630614,42845.352.69$52,628
May 201657418,54042.521.99$61,320
Apr 201659818,86336.561.99$59,420
Mar 201680422,38233.011.79$66,694
Feb 201682124,42926.472.06$72,144
Jan 20161,10031,62727.352.36$104,863
Dec 20151,17132,58832.362.00$103,116
Nov 20151,32639,88238.792.17$137,873
Oct 201587625,18643.552.43$99,266
Sep 20152,77247,76242.992.76$250,916
Aug 2015026,34040.162.87$75,661
Jul 201502,99448.152.95$8,818

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 2024 — as filed, then multipliedworked
Condensate             9 bbl  × $ 78.08 =       $703
Gas                   40 Mcf  × $  2.63 =       $105

────────────────────────────────────────────────────
Month total                                     $808

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/278590 is the state's own key, not one this site invented.