BENAVIDES

Operated by VIRTEX OPERATING COMPANY, INC. (P-5 886261) in the MESQUITE (ESCONDIDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 72714District 04Field 60753300NGPA filingCondensateGasSaveExport
Value, all time
$272 k
Jan 1993 – May 2017
Value, last 12 filed months
$369
at the published price for each month
Months reported
293
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 13 leases and 13 wells, and the rule below applies to all of them.

Discovered
1975-11-18
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 80 acres. The field rule took effect on 1979-05-14.

The Commission's schedule remark for this field reads: THE OWEN (OLMOS) EFF 02/01/10.

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
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
CondensateDisposition32 bbl$1,413
GasProduction61,193 Mcf$270,327
Total$271,740

12,491 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.8304, -99.5637. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.83042, -99.56375 · 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
5,860 ft
1 wells filed one
Completion to plug
39.3 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 5,860 ft.

Completions filed
Jun 1977
1 of 1 wells
Plug dates filed
Oct 2016
1 of 1 wells

Last completion to plug: a median of 39.3 years across the 1 well that filed both dates, with the middle half between 39.3 years and 39.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47931466115,860 ftJun 1977Oct 2016Yes

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 (293)

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

293 months

May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20162048.763.72$98
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 201606541.442.92$190
Jul 20160541.622.92$15
Jun 201602545.352.69$67
May 201601142.521.99$22
Apr 20160536.561.99$10
Mar 201601133.011.79$20
Feb 201601326.472.06$27
Jan 201606127.352.36$144
Dec 2015013032.362.00$260
Nov 20150138.792.17$2
Oct 201501143.552.43$27
Sep 201502542.992.76$69
Aug 201502640.162.87$75
Jul 201501148.152.95$32
Jun 20150356.152.88$9
May 20150555.212.96$15
Apr 20150249.822.71$5
Mar 20150142.892.93$3
Feb 20150344.662.98$9
Jan 20150643.433.10$19
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 201401498.164.74$66
May 201409694.734.73$454
Apr 201405495.944.81$260
Mar 201401095.895.06$51
Feb 20140097.406.19$0
Jan 20145390.404.86$467
Dec 201302891.824.35$122
Nov 201304588.853.74$168
Oct 201301397.423.78$49
Sep 2013036104.113.72$134
Aug 2013077104.253.52$271
Jul 2013035102.523.72$130
Jun 201303194.403.93$122
May 201303094.834.15$124
Apr 201302293.964.28$94
Mar 201301793.623.91$67
Feb 20130991.233.42$31
Jan 20130591.603.42$17
Dec 2012011486.773.42$390
Nov 2012024086.953.62$870
Oct 2012022489.383.40$762
Sep 2012028194.672.92$820
Aug 2012529792.662.91$1,327
Jul 2012028585.133.02$861
Jun 2012027779.822.52$698
May 2012024491.612.49$607
Apr 20120237101.652.00$473
Mar 20120248105.052.22$551
Feb 20120254101.102.57$653
Jan 2012016998.092.73$462
Dec 2011017596.873.24$567
Nov 2011022695.723.31$748
Oct 2011021084.983.65$766
Sep 2011013983.623.99$554
Aug 2011014383.404.15$593
Jul 20110094.144.52$0
Jun 201109992.904.64$459
May 2011026398.134.40$1,158
Apr 20110213105.964.33$923
Mar 2011020896.364.06$844
Feb 201107985.644.18$330
Jan 2011029586.504.59$1,354
Dec 2010027285.734.35$1,183
Nov 2010025280.843.80$956
Oct 201009578.103.51$333
Sep 2010013272.633.98$525
Aug 2010021573.684.42$950
Jul 2010014972.554.74$706
Jun 2010020070.364.91$982
May 2010019371.124.24$817
Apr 2010023181.694.12$952
Mar 2010026978.394.39$1,181
Feb 2010115573.585.44$917
Jan 2010022874.365.96$1,360
Dec 2009021171.445.48$1,157
Nov 2009018574.593.75$694
Oct 2009022572.544.11$925
Sep 2009023865.543.06$729
Aug 2009021467.423.22$689
Jul 2009018461.133.46$637
Jun 2009019866.163.90$771
May 2009020454.743.93$801
Apr 2009019446.773.59$696
Mar 2009021342.144.06$865
Feb 2009015032.814.63$695
Jan 2009020435.865.37$1,096
Dec 2008020537.105.98$1,225
Nov 2008021455.496.86$1,468
Oct 2008027275.246.92$1,883
Sep 20080232101.767.88$1,827
Aug 20080230114.228.48$1,951
Jul 20080237131.0811.39$2,699
Jun 20080242131.3313.03$3,154
May 20080249123.1711.57$2,882
Apr 20080222110.3110.45$2,321
Mar 20080273101.909.66$2,638
Feb 2008026692.538.77$2,333
Jan 2008029090.388.21$2,380
Dec 2007030388.337.30$2,213
Nov 2007031091.677.29$2,260
Oct 2007029682.856.92$2,049
Sep 2007026275.846.24$1,636
Aug 2007029069.066.39$1,853
Jul 2007020570.906.39$1,310
Jun 2007028262.007.55$2,129
May 2007026558.747.85$2,079
Apr 2007027359.617.81$2,131
Mar 2007025456.927.30$1,855
Feb 2007028555.108.22$2,342
Jan 2007030250.306.73$2,032
Dec 2006025056.656.92$1,730
Nov 2006028054.207.62$2,133
Oct 2006026754.906.01$1,606
Sep 2006028660.085.04$1,441
Aug 2006031868.717.34$2,334
Jul 2006035069.376.34$2,220
Jun 2006024566.286.38$1,564
May 2006042366.016.42$2,718
Apr 2006027864.397.36$2,046
Mar 2006035656.707.08$2,522
Feb 2006036057.597.75$2,790
Jan 2006046060.598.93$4,109
Dec 2005047754.9413.42$6,399
Nov 2005037754.6910.59$3,992
Oct 2005043058.3413.80$5,932
Sep 2005042861.4512.08$5,170
Aug 2005040361.519.80$3,948
Jul 2005047255.697.84$3,702
Jun 2005037552.337.38$2,768
May 2005032645.226.65$2,168
Apr 2005035149.207.36$2,584
Mar 2005052150.377.15$3,728
Feb 2005039645.226.31$2,500
Jan 2005049243.166.32$3,111
Dec 2004050239.866.75$3,389
Nov 2004040145.286.33$2,539
Oct 2004047749.706.52$3,108
Sep 2004043043.245.28$2,272
Aug 2004031042.375.55$1,721
Jul 2004038938.286.08$2,367
Jun 2004041236.106.43$2,650
May 2004044937.486.49$2,916
Apr 2004041434.475.86$2,425
Mar 2004040634.365.53$2,245
Feb 200402,21432.455.51$12,198
Jan 2004042032.036.30$2,646
Dec 2003043730.266.30$2,754
Nov 2003040328.804.60$1,852
Oct 2003042528.174.76$2,023
Sep 2003040326.314.75$1,914
Aug 2003040529.765.13$2,078
Jul 2003039629.415.17$2,048
Jun 2003022728.565.98$1,358
May 2003045326.595.97$2,706
Apr 2003045626.675.41$2,466
Mar 2003045331.146.10$2,762
Feb 2003040533.487.93$3,210
Jan 2003048430.315.58$2,702
Dec 2002043126.914.85$2,092
Nov 2002039524.664.14$1,634
Oct 2002046026.464.23$1,945
Sep 2002039927.443.64$1,450
Aug 2002039225.963.16$1,240
Jul 2002039824.583.06$1,219
Jun 2002034323.733.34$1,145
May 2002035724.663.58$1,279
Apr 2002036723.653.51$1,289
Mar 2002037222.003.10$1,154
Feb 2002032918.222.38$782
Jan 2002036717.172.38$872
Dec 2001037816.932.36$894
Nov 2001039418.072.41$948
Oct 2001032819.782.53$829
Sep 2001033424.262.25$752
Aug 2001032224.873.05$983
Jul 2001051923.933.20$1,659
Jun 2001055124.563.82$2,107
May 2001064425.524.31$2,774
Apr 2001064624.685.34$3,447
Mar 2001060424.545.38$3,247
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 199809512.622.21$210
Apr 199806713.042.51$168
Mar 199857912.802.31$246
Feb 199809713.952.30$223
Jan 1998010414.702.15$224
Dec 1997011216.322.41$270
Nov 199709718.193.09$300
Oct 1997012619.253.15$397
Sep 1997010317.742.95$304
Aug 199709117.862.55$232
Jul 1997011917.582.25$267
Jun 1997012517.242.26$282
May 1997010818.972.31$249
Apr 1997010217.882.08$212
Mar 1997011418.951.94$221
Feb 1997010520.492.21$232
Jan 1997010123.483.54$358
Dec 199608923.32$0
Nov 199606421.97$0
Oct 1996012023.31$0
Sep 1996010322.22$0
Aug 199658820.26$101
Jul 199609219.55$0
Jun 199608418.73$0
May 199608619.43$0
Apr 1996011421.51$0
Mar 199609919.38$0
Feb 199609616.98$0
Jan 199609517.07$0
Dec 1995010217.19$0
Nov 1995011216.00$0
Oct 199508615.43$0
Sep 199506516.18$0
Aug 199508315.92$0
Jul 199506915.24$0
Jun 199509416.41$0
May 199509117.56$0
Apr 199509417.73$0
Mar 199508516.44$0
Feb 1995010016.58$0
Jan 199508115.92$0
Dec 1994022215.03$0
Nov 1994050715.90$0
Oct 1994054415.58$0
Sep 1994035515.29$0
Aug 1994049116.13$0
Jul 1994054717.56$0
Jun 1994060017.09$0
May 1994051315.88$0
Apr 1994039414.14$0
Mar 1994043812.46$0
Feb 1994039512.50$0
Jan 1994030612.66$0
Dec 1993036212.33$0
Nov 1993034214.49$0
Oct 1993038915.85$0
Sep 1993038315.03$0
Aug 1993045315.66$0
Jul 1993055615.46$0
Jun 1993030416.79$0
May 1993052817.68$0
Apr 1993037718.05$0
Mar 1993040018.14$0
Feb 1993932717.90$161
Jan 1993056616.93$0

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.

Dec 2016 — as filed, then multipliedworked
Condensate             2 bbl  × $ 48.76 =        $98
Gas                    0 Mcf  × $  3.72 =         $0

────────────────────────────────────────────────────
Month total                                      $98

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/72714 is the state's own key, not one this site invented.