KING RANCH BORREGOS

Operated by EXXON MOBIL CORPORATION (P-5 257128) in the ESCONDIDO CREEK (20-I-1, SW) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10522District 04Field 29305504NGPA filingOilCasinghead gasSaveExport
Value, all time
$487 k
Jan 1993 – Apr 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
208
no gaps in the span
Streams
2
oil, casinghead 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 1 leases and 2 wells, and the rule below applies to all of them.

Discovered
1984-06-06
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
NGPA2none

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
OilDisposition25,504 bbl$451,389
Casinghead gasProduction56,823 Mcf$35,422
Total$486,811

45,596 Mcf of this lease's gas, across 42 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 (2)

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 27.4492, -97.9582. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

27.44924, -97.95817 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
7,775 ft
2 wells filed one
Completion to plug
13.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 7,750 and 7,800 ft, median 7,775 ft, over the 2 wells that filed a depth.

Completions filed
May 1984 – Nov 1984
2 of 2 wells
Plug dates filed
Sep 1986 – Mar 2010
2 of 2 wells

Last completion to plug: a median of 13.8 years across the 2 wells that filed both dates, with the middle half between 8.1 years and 19.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-27331921M 43E7,750 ftNov 1984Mar 2010Yes
42-27331872M 41E7,800 ftMay 1984Sep 1986Yes

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 (208)

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

208 months

Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
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 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
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 20022023.653.51$47
Mar 20021413022.003.10$3,195
Feb 20021452718.222.38$2,706
Jan 20029742017.172.38$2,663
Dec 20011192816.932.36$2,081
Nov 200118318.072.41$332
Oct 200121019.782.53$415
Sep 20011343724.262.25$3,334
Aug 20011583224.873.05$4,027
Jul 20011292923.933.20$3,180
Jun 2001571124.563.82$1,442
May 20011442825.524.31$3,795
Apr 200112626024.685.34$4,497
Mar 200113140124.545.38$5,371
Feb 200111863727.755.77$6,948
Jan 20011413127.478.40$4,134
Dec 20001569826.889.12$5,087
Nov 200017839732.215.66$7,980
Oct 200016259331.235.15$8,111
Sep 20009023531.875.19$4,087
Aug 20001032729.644.54$3,176
Jul 200013015328.534.09$4,335
Jun 20001223629.304.40$3,733
May 20001373827.263.68$3,874
Apr 20005934324.513.12$2,515
Mar 20002134028.422.86$6,168
Feb 20001914027.622.73$5,384
Jan 200026031925.272.48$7,361
Dec 19992244124.282.42$5,538
Nov 19991924223.192.43$4,555
Oct 19993487120.982.80$7,500
Sep 199941321.752.62$900
Aug 19991602419.262.88$3,151
Jul 19992093217.892.37$3,815
Jun 19991983615.942.36$3,241
May 19992204015.792.32$3,567
Apr 19992253715.102.21$3,479
Mar 19991602312.471.84$2,037
Feb 1999185279.981.82$1,895
Jan 19992393910.381.90$2,555
Dec 1998276369.201.77$2,603
Nov 19982634010.892.19$2,952
Oct 19982684612.421.97$3,419
Sep 199823746312.592.08$3,948
Aug 199821655711.301.91$3,503
Jul 199819079411.742.24$4,007
Jun 199818272311.242.24$3,663
May 199823988212.622.21$4,962
Apr 199819463513.042.51$4,121
Mar 19982905512.802.31$3,839
Feb 19982875813.952.30$4,137
Jan 199828414114.702.15$4,479
Dec 19974613416.322.41$1,074
Nov 19973669518.193.09$6,951
Oct 19972638119.253.15$5,318
Sep 199722115817.742.95$4,387
Aug 19971573317.862.55$2,888
Jul 199724615817.582.25$4,680
Jun 19972456317.242.26$4,366
May 19977157418.972.31$2,672
Apr 199714860217.882.08$3,900
Mar 19972646118.951.94$5,121
Feb 19972356020.492.21$4,948
Jan 19973067023.483.54$7,433
Dec 199634849523.32$8,115
Nov 199623813921.97$5,229
Oct 199627015523.31$6,294
Sep 19962021,30222.22$4,488
Aug 19961946920.26$3,930
Jul 19962508119.55$4,888
Jun 199668351018.73$12,793
May 199648210719.43$9,365
Apr 1996849821.51$1,807
Mar 199607119.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19951017.19$17
Nov 19956016.00$96
Oct 199582015.43$1,265
Sep 199562016.18$1,003
Aug 199508715.92$0
Jul 199521111015.24$3,216
Jun 199520610716.41$3,380
May 199535511217.56$6,234
Apr 19956711517.73$1,188
Mar 19952541,13916.44$4,176
Feb 199520982516.58$3,465
Jan 19952632,01615.92$4,187
Dec 19942541,91215.03$3,818
Nov 19942671,52915.90$4,245
Oct 19942359615.58$3,661
Sep 199428356915.29$4,327
Aug 199429048916.13$4,678
Jul 199435342817.56$6,199
Jun 199429825217.09$5,093
May 199429025115.88$4,605
Apr 199443575414.14$6,151
Mar 19945023,33812.46$6,255
Feb 19943682,27212.50$4,600
Jan 19945245,55412.66$6,634
Dec 19935936,49412.33$7,312
Nov 19934704,07814.49$6,810
Oct 199349250215.85$7,798
Sep 199339773315.03$5,967
Aug 199340378515.66$6,311
Jul 199331982415.46$4,932
Jun 19935492,02716.79$9,218
May 199347684917.68$8,416
Apr 199347468418.05$8,556
Mar 19934961,22018.14$8,997
Feb 199342280117.90$7,554
Jan 19934701,61716.93$7,957

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.

Apr 2002 — as filed, then multipliedworked
Oil                    2 bbl  × $ 23.65 =        $47
Casinghead gas         0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                      $47

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/O/10522 is the state's own key, not one this site invented.