KING RANCH BORREGOS

Operated by EXXON MOBIL CORPORATION (P-5 257128) in the BORREGOS (CONSOLIDATED GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 98487District 04Field 10730013NGPA filingCondensateGasSaveExport
Value, all time
$294 k
Jan 1993 – Mar 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
171
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 158 leases and 158 wells, and the rule below applies to all of them.

Discovered
1995-11-21
as the register files it
Field class
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 1995-11-21.

The Commission's schedule remark for this field reads: ZONES CONSOLIDATED. P-15 & 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
CondensateDisposition23 bbl$405
GasProduction88,153 Mcf$293,520
Total$293,925

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 27.5024, -98.0395. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.50242, -98.03948 · 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
7,781 ft
1 wells filed one
Completion to plug
25.3 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 7,781 ft.

Completions filed
Dec 1981
1 of 1 wells
Plug dates filed
Mar 2007
1 of 1 wells

Last completion to plug: a median of 25.3 years across the 1 well that filed both dates, with the middle half between 25.3 years and 25.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-273316405717,781 ftDec 1981Mar 2007Yes

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 (171)

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

171 months

Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 200504558.3413.80$621
Sep 2005016261.4512.08$1,957
Aug 2005035961.519.80$3,517
Jul 2005041355.697.84$3,239
Jun 2005037452.337.38$2,761
May 2005035345.226.65$2,348
Apr 2005034749.207.36$2,554
Mar 2005038350.377.15$2,740
Feb 2005037045.226.31$2,335
Jan 2005041043.166.32$2,592
Dec 2004035839.866.75$2,417
Nov 2004030845.286.33$1,950
Oct 2004044749.706.52$2,912
Sep 2004038443.245.28$2,029
Aug 2004047742.375.55$2,648
Jul 2004046438.286.08$2,823
Jun 2004047436.106.43$3,049
May 2004047437.486.49$3,078
Apr 2004037534.475.86$2,197
Mar 2004047934.365.53$2,649
Feb 2004039032.455.51$2,149
Jan 2004041932.036.30$2,640
Dec 2003039730.266.30$2,502
Nov 2003038528.804.60$1,769
Oct 2003049128.174.76$2,337
Sep 2003042426.314.75$2,014
Aug 2003046029.765.13$2,360
Jul 2003045329.415.17$2,342
Jun 2003051528.565.98$3,081
May 2003051626.595.97$3,082
Apr 2003043726.675.41$2,363
Mar 2003036931.146.10$2,249
Feb 2003028833.487.93$2,283
Jan 2003041930.315.58$2,339
Dec 2002029126.914.85$1,412
Nov 2002035924.664.14$1,485
Oct 2002038526.464.23$1,628
Sep 2002033327.443.64$1,211
Aug 2002049025.963.16$1,550
Jul 2002047524.583.06$1,454
Jun 2002049923.733.34$1,666
May 2002050224.663.58$1,799
Apr 2002047823.653.51$1,679
Mar 2002447522.003.10$1,562
Feb 2002340918.222.38$1,026
Jan 2002348117.172.38$1,194
Dec 2001347816.932.36$1,181
Nov 2001032318.072.41$777
Oct 2001048719.782.53$1,232
Sep 2001048724.262.25$1,096
Aug 2001053924.873.05$1,646
Jul 2001053423.933.20$1,707
Jun 2001038424.563.82$1,468
May 2001019825.524.31$853
Apr 2001049924.685.34$2,662
Mar 2001056824.545.38$3,054
Feb 2001050027.755.77$2,884
Jan 2001055027.478.40$4,619
Dec 2000047726.889.12$4,351
Nov 2000034132.215.66$1,929
Oct 2000036531.235.15$1,878
Sep 2000035831.875.19$1,857
Aug 2000038729.644.54$1,757
Jul 2000050728.534.09$2,074
Jun 2000054329.304.40$2,388
May 2000055227.263.68$2,031
Apr 2000055924.513.12$1,742
Mar 2000059528.422.86$1,702
Feb 2000057127.622.73$1,557
Jan 2000064125.272.48$1,590
Dec 1999063624.282.42$1,541
Nov 1999065023.192.43$1,582
Oct 1999066220.982.80$1,856
Sep 1999070321.752.62$1,841
Aug 1999165719.262.88$1,909
Jul 1999371617.892.37$1,752
Jun 1999171215.942.36$1,698
May 1999174215.792.32$1,738
Apr 1999298815.102.21$2,212
Mar 199921,12512.471.84$2,093
Feb 199901,1319.981.82$2,056
Jan 199901,14410.381.90$2,174
Dec 199801,4329.201.77$2,539
Nov 199801,26410.892.19$2,763
Oct 199801,20412.421.97$2,371
Sep 199801,05012.592.08$2,187
Aug 199801,26711.301.91$2,417
Jul 199801,35011.742.24$3,020
Jun 1998063311.242.24$1,416
May 199802,05312.622.21$4,530
Apr 199802,97313.042.51$7,448
Mar 19980012.802.31$0
Feb 199801,97113.952.30$4,532
Jan 199806,75914.702.15$14,564
Dec 1997010,54016.322.41$25,413
Nov 1997015,75218.193.09$48,646
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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.

Oct 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 58.34 =         $0
Gas                   45 Mcf  × $ 13.80 =       $621

────────────────────────────────────────────────────
Month total                                     $621

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/98487 is the state's own key, not one this site invented.