LUNDELL

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the VAQUILLAS RANCH (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 87828District 04Field 93215400NGPA filingCondensateGasSaveExport
Value, all time
$456 k
Jan 1993 – Jun 2003
Value, last 12 filed months
$0
at the published price for each month
Months reported
126
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 909 leases and 909 wells, and the rule below applies to all of them.

Discovered
1998-02-24
as the register files it
Field class
Oil and 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: NO P-15 OR PLAT REQUIRED.

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
CondensateDisposition1,027 bbl$16,922
GasProduction437,046 Mcf$439,564
Total$456,486

266,451 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 27.6613, -99.0252. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.66127, -99.02519 · 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
10,506 ft
1 wells filed one
Completion to plug
23.5 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 10,506 ft.

Completions filed
Dec 1979
1 of 1 wells
Plug dates filed
Jun 2003
1 of 1 wells

Last completion to plug: a median of 23.5 years across the 1 well that filed both dates, with the middle half between 23.5 years and 23.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47932473710,506 ftDec 1979Jun 2003Yes

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 (126)

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

126 months

Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
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 2000041031.875.19$2,126
Aug 200002,76829.644.54$12,569
Jul 200004,78428.534.09$19,565
Jun 200002,75329.304.40$12,106
May 200003,86527.263.68$14,222
Apr 200003,86124.513.12$12,031
Mar 200003,70228.422.86$10,587
Feb 200002,86927.622.73$7,822
Jan 200002,55225.272.48$6,330
Dec 199913,01424.282.42$7,329
Nov 1999223,80123.192.43$9,762
Oct 1999244,03620.982.80$11,819
Sep 1999305,37221.752.62$14,721
Aug 1999111,77019.262.88$5,302
Jul 1999182,80117.892.37$6,967
Jun 1999203,94615.942.36$9,640
May 1999263,71415.792.32$9,031
Apr 1999333,48015.102.21$8,182
Mar 1999383,27412.471.84$6,493
Feb 1999323,1219.981.82$5,993
Jan 1999172,07910.381.90$4,126
Dec 199811,9299.201.77$3,430
Nov 199822,04510.892.19$4,492
Oct 199870012.421.97$869
Sep 199853,53012.592.08$7,415
Aug 199804,44511.301.91$8,478
Jul 199804,73711.742.24$10,598
Jun 199804,68211.242.24$10,475
May 199805,03212.622.21$11,102
Apr 199803,98513.042.51$9,984
Mar 199804,88712.802.31$11,286
Feb 199804,32013.952.30$9,932
Jan 199804,67614.702.15$10,076
Dec 199704,54616.322.41$10,961
Nov 199704,74718.193.09$14,660
Oct 1997435,07319.253.15$16,807
Sep 199704,79217.742.95$14,160
Aug 199705,09617.862.55$13,019
Jul 199705,00717.582.25$11,250
Jun 199705,07917.242.26$11,464
May 199704,80618.972.31$11,095
Apr 199704,45917.882.08$9,287
Mar 19971235,13018.951.94$12,279
Feb 199714,33820.492.21$9,590
Jan 199705,28223.483.54$18,697
Dec 199615,09623.32$23
Nov 199614,91721.97$22
Oct 199605,28923.31$0
Sep 199605,06322.22$0
Aug 199604,63020.26$0
Jul 199604,94419.55$0
Jun 199614,44618.73$19
May 199605,25019.43$0
Apr 199605,31621.51$0
Mar 199605,14619.38$0
Feb 199664,81616.98$102
Jan 199605,36817.07$0
Dec 19951075,39017.19$1,839
Nov 199515,05916.00$16
Oct 199505,44215.43$0
Sep 199515,39916.18$16
Aug 199505,63215.92$0
Jul 199515,71415.24$15
Jun 199505,05516.41$0
May 199515,48617.56$18
Apr 199504,69017.73$0
Mar 199505,79516.44$0
Feb 199504,99316.58$0
Jan 199515,89415.92$16
Dec 1994446,37115.03$661
Nov 199415,92815.90$16
Oct 199406,22615.58$0
Sep 199405,93315.29$0
Aug 199426,36316.13$32
Jul 199406,17317.56$0
Jun 199446,06217.09$68
May 1994654,85715.88$1,032
Apr 199415,53214.14$14
Mar 199436,14312.46$37
Feb 199405,41712.50$0
Jan 199404,75512.66$0
Dec 199305,20012.33$0
Nov 19931256,30714.49$1,811
Oct 199306,63915.85$0
Sep 199304,93915.03$0
Aug 199306,51615.66$0
Jul 199305,88015.46$0
Jun 199304,47116.79$0
May 199306,22417.68$0
Apr 19931446,51418.05$2,599
Mar 199307,21418.14$0
Feb 199305,32417.90$0
Jan 199306,63316.93$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.

Sep 2000 — as filed, then multipliedworked
Condensate             0 bbl  × $ 31.87 =         $0
Gas                  410 Mcf  × $  5.19 =     $2,126

────────────────────────────────────────────────────
Month total                                   $2,126

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/87828 is the state's own key, not one this site invented.