F. T.

Operated by VARAS ENERGY OPERATING COMPANY, (P-5 102824) in the A.W.P. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 157225District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.0 M
Feb 1996 – May 2026
Value, last 12 filed months
$37 k
at the published price for each month
Months reported
364
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 821 leases and 1,336 wells, and the rule below applies to all of them.

Discovered
1981-12-20
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 20 acres. The field rule took effect on 2015-01-27.

The Commission's schedule remark for this field reads: RED. THE ALLOCATION FORMULA REMAINS SUSPENDED.

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
High Cost Gas111996-11-14135377
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
CondensateDisposition10,526 bbl$319,442
GasProduction701,608 Mcf$2,673,222
Total$2,992,663

138,374 Mcf of this lease's gas, across 11 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 28.3779, -98.4261. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.37790, -98.42613 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,793 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 10,793 ft.

Completions filed
Feb 1996
1 of 1 wells

1 well

42-31133149510,793 ftFeb 1996

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 (364)

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

364 months

May 20260691106.413.05$2,105
Apr 20262085198.932.87$4,421
Mar 20262172689.753.15$4,171
Feb 20262232563.503.75$2,616
Jan 2026046659.138.00$3,727
Dec 20251739056.664.41$2,684
Nov 20252560558.593.93$3,840
Oct 2025047259.383.30$1,560
Sep 20252564562.743.08$3,553
Aug 202501,01463.933.01$3,057
Jul 20251942866.743.32$2,687
Jun 2025074166.483.13$2,318
May 20251537060.553.23$2,104
Apr 20252054462.363.54$3,175
Mar 20252029867.704.27$2,626
Feb 20255654470.884.34$6,331
Jan 20252242574.324.28$3,453
Dec 20243299468.993.12$5,310
Nov 2024067069.052.20$1,473
Oct 20242666171.372.28$3,364
Sep 2024026469.612.36$624
Aug 20243795675.632.06$4,771
Jul 202402,29479.932.15$4,924
Jun 2024271,49578.082.63$6,046
May 2024181,22078.812.20$4,101
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202405273.023.30$171
Dec 2023046171.262.61$1,204
Nov 2023033877.892.81$949
Oct 2023831385.443.09$1,650
Sep 2023844189.042.74$1,918
Aug 2023013380.522.67$355
Jul 20231244174.852.64$2,063
Jun 2023024268.962.26$547
May 2023049170.622.23$1,094
Apr 2023040178.122.24$897
Mar 2023056772.852.39$1,357
Feb 202308775.112.47$215
Jan 2023066576.533.39$2,253
Dec 2022015976.415.73$911
Nov 2022043785.005.65$2,467
Oct 2022061287.185.86$3,589
Sep 2022050684.888.16$4,131
Aug 2022034894.529.13$3,176
Jul 20229661101.587.54$5,900
Jun 20220579115.097.98$4,619
May 2022695109.378.43$1,457
Apr 20220146104.226.84$998
Mar 20220105108.885.08$533
Feb 2022031691.054.86$1,535
Jan 2022028381.844.54$1,284
Dec 2021013071.323.90$507
Nov 2021040977.435.24$2,142
Oct 2021516479.795.71$1,336
Sep 2021048769.865.35$2,606
Aug 2021029166.024.22$1,228
Jul 2021045270.783.98$1,800
Jun 2021649769.493.38$2,097
May 20210063.483.02$0
Apr 2021014760.362.76$405
Mar 2021022961.302.72$622
Feb 2021828157.805.55$2,021
Jan 2021046050.412.81$1,293
Dec 2020027144.642.68$725
Nov 2020728438.772.71$1,040
Oct 20200036.972.48$0
Sep 2020026637.091.99$530
Aug 2020933739.982.39$1,164
Jul 202075838.371.83$374
Jun 2020844334.901.69$1,028
May 2020069016.921.81$1,252
Apr 20200014.751.80$0
Mar 2020270930.341.86$1,377
Feb 2020022649.881.98$448
Jan 2020268157.252.09$1,541
Dec 2019043059.012.30$991
Nov 2019153355.302.75$1,521
Oct 2019065253.472.42$1,577
Sep 2019157155.052.66$1,572
Aug 2019035953.112.30$827
Jul 2019371756.272.46$1,933
Jun 2019451652.782.49$1,497
May 2019056958.482.74$1,559
Apr 2019636962.632.75$1,391
Mar 2019046356.803.06$1,418
Feb 20191458550.852.79$2,345
Jan 2019851646.033.23$2,034
Dec 2018857346.594.19$2,771
Nov 2018869052.934.24$3,347
Oct 201891,06561.443.40$4,172
Sep 2018052659.543.11$1,635
Aug 2018055759.403.07$1,708
Jul 2018057865.142.93$1,695
Jun 2018051160.183.08$1,572
May 2018021965.382.90$635
Apr 2018557163.842.90$1,976
Mar 20181131961.222.79$1,562
Feb 20182882261.782.77$4,004
Jan 2018069062.874.01$2,766
Dec 20171018957.272.92$1,125
Nov 2017069355.423.12$2,161
Oct 2017251,12549.292.98$4,589
Sep 20170147.523.09$3
Aug 2017023545.373.00$706
Jul 2017066043.873.09$2,038
Jun 2017076042.493.09$2,346
May 20177045.373.26$318
Apr 2017010047.933.21$321
Mar 20171662146.772.98$2,601
Feb 201704350.452.95$127
Jan 201709749.413.42$332
Dec 2016062248.763.72$2,316
Nov 2016047042.492.64$1,243
Oct 2016071746.193.09$2,216
Sep 20161068141.553.10$2,527
Aug 20160041.442.92$0
Jul 2016089441.622.92$2,614
Jun 2016470445.352.69$2,072
May 2016015542.521.99$309
Apr 2016053336.561.99$1,061
Mar 201679233.011.79$396
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 2015061138.792.17$1,324
Oct 20151253543.552.43$1,821
Sep 20151252142.992.76$1,953
Aug 2015473740.162.87$2,278
Jul 2015374348.152.95$2,333
Jun 2015456756.152.88$1,859
May 2015268755.212.96$2,141
Apr 2015245449.822.71$1,328
Mar 2015138042.892.93$1,158
Feb 2015055844.662.98$1,661
Jan 2015041343.433.10$1,281
Dec 2014070954.693.59$2,546
Nov 2014048170.464.25$2,045
Oct 2014098078.303.90$3,823
Sep 201401,37086.164.05$5,542
Aug 2014079189.394.04$3,192
Jul 201401,69396.564.18$7,076
Jun 201481,33598.164.74$7,109
May 2014790394.734.73$4,931
Apr 2014785995.944.81$4,803
Mar 2014894095.895.06$5,521
Feb 2014121,02397.406.19$7,503
Jan 20141135790.404.86$2,730
Dec 2013047591.824.35$2,068
Nov 2013328988.853.74$1,347
Oct 2013639797.423.78$2,085
Sep 201310269104.113.72$2,041
Aug 201314222104.253.52$2,242
Jul 201318314102.523.72$3,013
Jun 20131945394.403.93$3,575
May 2013070094.834.15$2,904
Apr 201301,02093.964.28$4,368
Mar 2013121,25993.623.91$6,050
Feb 2013887791.233.42$3,729
Jan 2013694591.603.42$3,781
Dec 2012051686.773.42$1,765
Nov 2012696786.953.62$4,027
Oct 2012047589.383.40$1,615
Sep 2012983194.672.92$3,277
Aug 2012072792.662.91$2,114
Jul 201281,03785.133.02$3,814
Jun 2012799179.822.52$3,055
May 2012090091.612.49$2,239
Apr 20124659101.652.00$1,722
Mar 20120743105.052.22$1,651
Feb 20120632101.102.57$1,624
Jan 2012069998.092.73$1,911
Dec 2011086796.873.24$2,809
Nov 2011068895.723.31$2,278
Oct 2011068284.983.65$2,488
Sep 2011069883.623.99$2,782
Aug 2011076083.404.15$3,153
Jul 2011061694.144.52$2,783
Jun 2011048192.904.64$2,232
May 2011081398.134.40$3,581
Apr 20110933105.964.33$4,043
Mar 201111,07196.364.06$4,442
Feb 201101,19285.644.18$4,983
Jan 2011162586.504.59$2,954
Dec 201081,62485.734.35$7,747
Nov 201052,00680.843.80$8,018
Oct 201042,71678.103.51$9,843
Sep 201082,80672.633.98$11,747
Aug 201041,30973.684.42$6,080
Jul 201001,26772.554.74$6,001
Jun 201041,55270.364.91$7,902
May 201091,25171.124.24$5,938
Apr 201001,30881.694.12$5,392
Mar 201091,62078.394.39$7,815
Feb 201001,25973.585.44$6,852
Jan 201081,30374.365.96$8,366
Dec 200931,18671.445.48$6,718
Nov 2009490674.593.75$3,697
Oct 2009282972.544.11$3,552
Sep 2009494065.543.06$3,143
Aug 200921,22567.423.22$4,078
Jul 200921,19061.133.46$4,245
Jun 2009296366.163.90$3,883
May 2009390554.743.93$3,717
Apr 200901,09246.773.59$3,918
Mar 200941,43542.144.06$5,993
Feb 200932,83432.814.63$13,228
Jan 200951,67235.865.37$9,160
Dec 200802,03037.105.98$12,134
Nov 200821,63355.496.86$11,314
Oct 200801,52375.246.92$10,542
Sep 200821,109101.767.88$8,939
Aug 200801,457114.228.48$12,360
Jul 200801,516131.0811.39$17,266
Jun 200831,801131.3313.03$23,866
May 200802,565123.1711.57$29,688
Apr 200822,610110.3110.45$27,508
Mar 200801,075101.909.66$10,389
Feb 200811,14692.538.77$10,144
Jan 2008380190.388.21$6,844
Dec 2007099588.337.30$7,265
Nov 200721,22491.677.29$9,108
Oct 200711,44182.856.92$10,057
Sep 200721,00375.846.24$6,415
Aug 200711,52569.066.39$9,811
Jul 2007189170.906.39$5,763
Jun 200721,07762.007.55$8,254
May 200701,01458.747.85$7,956
Apr 2007388059.617.81$7,047
Mar 200741,12056.927.30$8,406
Feb 20079978255.108.22$11,880
Jan 2007791,06550.306.73$11,138
Dec 2006691,45756.656.92$13,989
Nov 2006591,51454.207.62$14,731
Oct 2006231,96854.906.01$13,098
Sep 200601,45560.085.04$7,329
Aug 2006331,43068.717.34$12,764
Jul 2006362,03069.376.34$15,373
Jun 2006292,31066.286.38$16,669
May 200602,57566.016.42$16,544
Apr 2006192,06464.397.36$16,415
Mar 2006213,30156.707.08$24,571
Feb 2006253,28457.597.75$26,894
Jan 2006463,41760.598.93$33,312
Dec 2005534,10554.9413.42$57,982
Nov 2005874,03254.6910.59$47,450
Oct 200504,24758.3413.80$58,591
Sep 2005204,07561.4512.08$50,451
Aug 2005174,38261.519.80$43,975
Jul 200593,29255.697.84$26,322
Jun 200593,03452.337.38$22,865
May 2005113,04345.226.65$20,737
Apr 2005163,05749.207.36$23,288
Mar 2005473,05250.377.15$24,204
Feb 2005282,78845.226.31$18,864
Jan 2005473,27143.166.32$22,708
Dec 20041203,25939.866.75$26,785
Nov 2004383,21645.286.33$22,079
Oct 2004373,37149.706.52$23,801
Sep 2004363,46543.245.28$19,865
Aug 2004693,30642.375.55$21,274
Jul 2004643,60338.286.08$24,371
Jun 2004324,08636.106.43$27,441
May 2004644,34837.486.49$30,637
Apr 2004754,54134.475.86$29,189
Mar 2004805,01234.365.53$30,466
Feb 2004944,74432.455.51$29,188
Jan 2004954,54932.036.30$31,700
Dec 2003934,44930.266.30$30,850
Nov 2003824,76128.804.60$24,239
Oct 2003395,21228.174.76$25,906
Sep 2003744,75526.314.75$24,530
Aug 2003925,63129.765.13$31,623
Jul 20031146,14729.415.17$35,138
Jun 20031186,42028.565.98$41,781
May 20031827,72126.595.97$50,954
Apr 20031368,68726.675.41$50,600
Mar 200314211,35231.146.10$73,624
Feb 200317513,13533.487.93$109,965
Jan 20031205,97030.315.58$36,962
Dec 20022122,57926.914.85$18,223
Nov 2002952,63624.664.14$13,248
Oct 200232,86826.464.23$12,209
Sep 2002272,59427.443.64$10,171
Aug 2002422,86025.963.16$10,140
Jul 20022866924.583.06$2,737
Jun 20021748023.733.34$2,006
May 2002150024.663.58$1,817
Apr 2002261323.653.51$2,200
Mar 20022478122.003.10$2,951
Feb 20022547318.222.38$1,579
Jan 20022358617.172.38$1,787
Dec 20011947516.932.36$1,445
Nov 2001565618.072.41$1,668
Oct 20011978319.782.53$2,356
Sep 20012382724.262.25$2,420
Aug 20011574524.873.05$2,648
Jul 20011581323.933.20$2,958
Jun 20012583724.563.82$3,815
May 20012583425.524.31$4,230
Apr 20011886424.685.34$5,054
Mar 20013480124.545.38$5,141
Feb 2001774227.755.77$4,473
Jan 2001276827.478.40$6,505
Dec 200041,08626.889.12$10,015
Nov 2000201,83032.215.66$10,998
Oct 20001031.235.15$31
Sep 2000969131.875.19$3,871
Aug 200061,24129.644.54$5,813
Jul 2000121,03428.534.09$4,571
Jun 2000301,11629.304.40$5,786
May 20001297727.263.68$3,922
Apr 2000231,86624.513.12$6,378
Mar 20001383728.422.86$2,763
Feb 2000391,06127.622.73$3,970
Jan 2000552,58725.272.48$7,807
Dec 1999522,56124.282.42$7,470
Nov 1999232,51523.192.43$6,655
Oct 1999312,94520.982.80$8,907
Sep 1999362,98521.752.62$8,600
Aug 1999353,15619.262.88$9,749
Jul 1999332,70617.892.37$7,010
Jun 1999302,79715.942.36$7,085
May 1999543,31515.792.32$8,547
Apr 1999282,71215.102.21$6,411
Mar 1999363,23912.471.84$6,403
Feb 1999333,4279.981.82$6,559
Jan 1999543,92610.381.90$8,020
Dec 1998734,4619.201.77$8,582
Nov 19981244,90310.892.19$12,067
Oct 1998502,06612.421.97$4,689
Sep 1998482,67212.592.08$6,169
Aug 1998483,48111.301.91$7,182
Jul 1998201,67611.742.24$3,984
Jun 1998332,63611.242.24$6,268
May 1998774,75412.622.21$11,461
Apr 1998954,49813.042.51$12,508
Mar 1998563,20612.802.31$8,121
Feb 1998563,81813.952.30$9,559
Jan 1998664,06814.702.15$9,736
Dec 1997964,72016.322.41$12,947
Nov 19971215,05918.193.09$17,825
Oct 19971055,49219.253.15$19,320
Sep 1997825,47617.742.95$17,636
Aug 19971105,89117.862.55$17,015
Jul 19971035,94617.582.25$15,171
Jun 19971506,06417.242.26$16,274
May 19971696,59818.972.31$18,437
Apr 19971686,75917.882.08$17,081
Mar 19971327,29118.951.94$16,640
Feb 19971047,03620.492.21$17,652
Jan 19971728,12223.483.54$32,788
Dec 19961498,27423.32$3,475
Nov 19961979,18321.97$4,328
Oct 19962519,62623.31$5,851
Sep 199621810,38422.22$4,844
Aug 199625910,83620.26$5,247
Jul 199625012,59519.55$4,888
Jun 199624811,78518.73$4,645
May 199624513,08019.43$4,760
Apr 199631512,63321.51$6,776
Mar 199639722,37219.38$7,694
Feb 199626017,60616.98$4,415

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  691 Mcf  × $  3.05 =     $2,105

────────────────────────────────────────────────────
Month total                                   $2,105

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. 01/G/157225 is the state's own key, not one this site invented.