CABRITO STATE

Name: CABRITO STATE lease production and value, Mar 2014 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CENTENNIAL RESOURCE PROD, LLC (P-5 141077) in the WOLFBONE (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 45719District 08Field 98359800Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$53.1 M

Mar 2014 – Oct 2020

Value, last 12 filed months

$2.6 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The WOLFBONE (TREND AREA) field

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 1,266 leases and 2,377 wells, and the rule below applies to all of them.

Discovered

2010-11-30

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2015-04-08.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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.

Stream	Basis	Volume	Value
Oil	Disposition	878,491 bbl	$43,653,364
Casinghead gas	Production	3,265,583 Mcf	$9,490,300
Total			$53,143,665

Wells on this lease (8)

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 31.3961, -103.4297. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

31.39175, -103.42894 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

8 of 8 wells

With a plug date

12.5%

1 of 8 wells

Median depth

10,726 ft

8 wells filed one

Completion to plug

10.9 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

8100.0%

A plug date is filed

112.5%

BothOn the schedule and plugged. Neither fact cancels the other.

112.5%

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

Total depth in feet, 8 of 8 wells. Median 10,726 ft, with the middle half between 10,681 and 10,886 ft; the shallowest is 10,609 ft and the deepest 11,151 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 8 of 8 wells, Nov 2008 – Sep 2017. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Nov 2008 – Sep 2017

8 of 8 wells

Plug dates filed

Oct 2019

1 of 8 wells; 7 filed none

Last completion to plug: a median of 10.9 years across the 1 well that filed both dates, with the middle half between 10.9 years and 10.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

8 wells


42-38935974	6H	10,912 ft	Sep 2017	—	Yes
42-38935972	7H	10,669 ft	Sep 2017	—	Yes
42-38935232	5H	10,685 ft	Jul 2016	—	Yes
42-38934124	4H	10,701 ft	Sep 2014	—	Yes
42-38933506	1H	11,151 ft	Mar 2014	—	Yes
42-38933660	2H	10,609 ft	Mar 2014	—	Yes
42-38933895	3H	10,877 ft	Mar 2014	—	Yes
42-38932554	T 33H	10,750 ft	Nov 2008	Oct 2019	Yes

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 (80)

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

80 months


Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	6,252	9,977	16.92	1.81	$123,890
Apr 2020	6,208	34,884	14.75	1.80	$154,512
Mar 2020	7,311	37,415	30.34	1.86	$291,267
Feb 2020	7,185	37,646	49.88	1.98	$432,952
Jan 2020	7,708	39,322	57.25	2.09	$523,652
Dec 2019	6,980	39,797	59.01	2.30	$503,596
Nov 2019	8,045	44,510	55.30	2.75	$567,322
Oct 2019	8,668	47,622	53.47	2.42	$578,654
Sep 2019	8,622	50,118	55.05	2.66	$607,819
Aug 2019	8,456	43,126	53.11	2.30	$548,476
Jul 2019	10,340	62,058	56.27	2.46	$734,498
Jun 2019	10,896	59,736	52.78	2.49	$723,905
May 2019	11,887	65,414	58.48	2.74	$874,407
Apr 2019	12,912	72,024	62.63	2.75	$1,006,795
Mar 2019	12,812	66,549	56.80	3.06	$931,501
Feb 2019	13,549	65,235	50.85	2.79	$871,117
Jan 2019	11,851	60,478	46.03	3.23	$740,735
Dec 2018	12,817	64,693	46.59	4.19	$867,913
Nov 2018	15,906	72,027	52.93	4.24	$1,147,100
Oct 2018	16,879	76,726	61.44	3.40	$1,297,767
Sep 2018	13,506	63,452	59.54	3.11	$1,001,356
Aug 2018	9,768	38,881	59.40	3.07	$699,450
Jul 2018	15,568	62,440	65.14	2.93	$1,197,166
Jun 2018	14,963	52,331	60.18	3.08	$1,061,492
May 2018	16,039	56,104	65.38	2.90	$1,211,376
Apr 2018	15,608	63,276	63.84	2.90	$1,179,966
Mar 2018	17,258	67,401	61.22	2.79	$1,244,371
Feb 2018	17,875	60,975	61.78	2.77	$1,272,982
Jan 2018	22,265	71,940	62.87	4.01	$1,688,231
Dec 2017	27,870	93,146	57.27	2.92	$1,868,243
Nov 2017	28,223	101,041	55.42	3.12	$1,879,201
Oct 2017	39,340	125,760	49.29	2.98	$2,314,296
Sep 2017	12,261	47,622	47.52	3.09	$729,665
Aug 2017	8,643	31,191	45.37	3.00	$485,843
Jul 2017	10,652	33,227	43.87	3.09	$569,884
Jun 2017	10,905	35,801	42.49	3.09	$573,881
May 2017	12,889	39,772	45.37	3.26	$714,566
Apr 2017	12,784	37,535	47.93	3.21	$733,285
Mar 2017	12,934	39,012	46.77	2.98	$721,323
Feb 2017	13,220	40,099	50.45	2.95	$785,345
Jan 2017	16,319	49,523	49.41	3.42	$975,631
Dec 2016	18,986	62,668	48.76	3.72	$1,159,060
Nov 2016	18,999	56,561	42.49	2.64	$956,835
Oct 2016	26,305	78,213	46.19	3.09	$1,456,726
Sep 2016	34,264	93,581	41.55	3.10	$1,713,829
Aug 2016	27,390	62,541	41.44	2.92	$1,317,933
Jul 2016	6,594	22,385	41.62	2.92	$339,904
Jun 2016	7,327	24,843	45.35	2.69	$399,004
May 2016	8,169	26,904	42.52	1.99	$400,913
Apr 2016	8,850	26,428	36.56	1.99	$376,175
Mar 2016	8,181	28,017	33.01	1.79	$320,318
Feb 2016	8,171	26,640	26.47	2.06	$271,261
Jan 2016	10,470	32,160	27.35	2.36	$362,392
Dec 2015	8,931	32,187	32.36	2.00	$353,427
Nov 2015	9,982	32,481	38.79	2.17	$457,599
Oct 2015	9,802	34,432	43.55	2.43	$510,429
Sep 2015	10,678	34,278	42.99	2.76	$553,600
Aug 2015	10,179	35,561	40.16	2.87	$510,937
Jul 2015	11,671	41,516	48.15	2.95	$684,227
Jun 2015	11,268	39,162	56.15	2.88	$745,597
May 2015	11,527	38,043	55.21	2.96	$748,840
Apr 2015	13,058	38,321	49.82	2.71	$754,268
Mar 2015	14,429	38,125	42.89	2.93	$730,746
Feb 2015	11,980	46,634	44.66	2.98	$673,818
Jan 2015	17,106	54,016	43.43	3.10	$910,397
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$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.

May 2020 — as filed, then multipliedworked

Oil                6,252 bbl  × $ 16.92 =   $105,784
Casinghead gas     9,977 Mcf  × $  1.81 =    $18,106

────────────────────────────────────────────────────
Month total                                 $123,890

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. 08/O/45719 is the state's own key, not one this site invented.