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 157229District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.2 M
Feb 1996 – May 2026
Value, last 12 filed months
$0
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 Gas111996-11-14135381
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
CondensateDisposition17,777 bbl$604,028
GasProduction1,194,301 Mcf$3,571,818
Total$4,175,846

293,036 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 28.3826, -98.4310. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.38260, -98.43100 · 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
10,750 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 10,750 ft.

Completions filed
Feb 1996
1 of 1 wells

1 well

42-31133145910,750 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20241075.632.06$76
Jul 20240079.932.15$0
Jun 20241078.082.63$78
May 20244078.812.20$315
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 202309077.892.81$253
Oct 20236085.443.09$513
Sep 20236089.042.74$534
Aug 20230080.522.67$0
Jul 20237074.852.64$524
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 202302875.112.47$69
Jan 202308776.533.39$295
Dec 202202,96276.415.73$16,970
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 202202384.888.16$188
Aug 20220094.529.13$0
Jul 202210101.587.54$102
Jun 202200115.097.98$0
May 20221129109.378.43$1,197
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202202281.844.54$100
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210666.024.22$25
Jul 20210970.783.98$36
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210560.362.76$14
Mar 20210061.302.72$0
Feb 202108957.805.55$494
Jan 202101150.412.81$31
Dec 20200544.642.68$13
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 202003537.091.99$70
Aug 202014139.982.39$138
Jul 202021,02438.371.83$1,946
Jun 2020236334.901.69$683
May 2020017516.921.81$318
Apr 20200014.751.80$0
Mar 20202030.341.86$61
Feb 202003,19549.881.98$6,328
Jan 2020020257.252.09$423
Dec 201909759.012.30$224
Nov 20190055.302.75$0
Oct 201903253.472.42$77
Sep 201902455.052.66$64
Aug 201901453.112.30$32
Jul 201907056.272.46$172
Jun 2019071952.782.49$1,791
May 2019041158.482.74$1,126
Apr 2019014162.632.75$388
Mar 201901,48656.803.06$4,550
Feb 20191050.852.79$51
Jan 20192046.033.23$92
Dec 20184046.594.19$186
Nov 20188052.934.24$423
Oct 201811061.443.40$676
Sep 20180059.543.11$0
Aug 20180759.403.07$21
Jul 20180065.142.93$0
Jun 20180260.183.08$6
May 201801,50365.382.90$4,360
Apr 2018221,23763.842.90$4,993
Mar 20183262661.222.79$3,704
Feb 2018531,08361.782.77$6,270
Jan 201801,08462.874.01$4,346
Dec 20173776357.272.92$4,348
Nov 201701,47255.423.12$4,590
Oct 2017601,12549.292.98$6,314
Sep 20170047.523.09$0
Aug 2017022545.373.00$676
Jul 2017037043.873.09$1,142
Jun 2017047142.493.09$1,454
May 20174666445.373.26$4,254
Apr 201701,12647.933.21$3,616
Mar 2017871,08446.772.98$7,303
Feb 2017077950.452.95$2,300
Jan 201701,05749.413.42$3,614
Dec 2016093048.763.72$3,462
Nov 2016080142.492.64$2,118
Oct 2016087246.193.09$2,695
Sep 2016471,03041.553.10$5,147
Aug 2016069941.442.92$2,044
Jul 2016095641.622.92$2,796
Jun 20161192745.352.69$2,989
May 201601,01342.521.99$2,017
Apr 201601,33436.561.99$2,656
Mar 2016211,22133.011.79$2,884
Feb 201601,37326.472.06$2,833
Jan 201601,34327.352.36$3,175
Dec 201501,59132.362.00$3,184
Nov 201501,44838.792.17$3,138
Oct 2015171,32443.552.43$3,953
Sep 2015162,24642.992.76$6,883
Aug 2015172,15240.162.87$6,864
Jul 2015182,26348.152.95$7,531
Jun 2015202,51456.152.88$8,371
May 2015122,05255.212.96$6,727
Apr 2015261,54349.822.71$5,472
Mar 2015411,94242.892.93$7,458
Feb 201501,76544.662.98$5,253
Jan 2015612,15943.433.10$9,343
Dec 201402,10254.693.59$7,549
Nov 2014661,64670.464.25$11,649
Oct 2014583,04578.303.90$16,420
Sep 2014333,68486.164.05$17,747
Aug 201402,42289.394.04$9,773
Jul 2014404,47696.564.18$22,570
Jun 2014363,36498.164.74$19,469
May 2014282,97394.734.73$16,705
Apr 2014262,13895.944.81$12,776
Mar 2014233,16195.895.06$18,190
Feb 2014312,16897.406.19$16,444
Jan 201421856590.404.86$22,454
Dec 201301,13891.824.35$4,955
Nov 201316493488.853.74$18,063
Oct 20131461,97697.423.78$21,691
Sep 20131252,365104.113.72$21,806
Aug 20131662,969104.253.52$27,764
Jul 20131622,750102.523.72$26,832
Jun 20131642,61694.403.93$25,771
May 201302,33194.834.15$9,672
Apr 201302,70693.964.28$11,589
Mar 20131402,41293.623.91$22,545
Feb 2013982,55191.233.42$17,665
Jan 2013852,58591.603.42$16,626
Dec 201202,84386.773.42$9,724
Nov 2012792,79186.953.62$16,986
Oct 201202,88389.383.40$9,801
Sep 20121003,11594.672.92$18,558
Aug 201202,72292.662.91$7,916
Jul 2012982,84085.133.02$16,922
Jun 2012892,89279.822.52$14,389
May 201202,95491.612.49$7,351
Apr 2012773,237101.652.00$14,291
Mar 201203,122105.052.22$6,937
Feb 201202,356101.102.57$6,055
Jan 201201,16598.092.73$3,185
Dec 201101,76096.873.24$5,702
Nov 201101,98795.723.31$6,580
Oct 201101,44884.983.65$5,283
Sep 201101,70283.623.99$6,784
Aug 201102,17283.404.15$9,012
Jul 201102,11894.144.52$9,568
Jun 201101,93492.904.64$8,974
May 201102,56198.134.40$11,281
Apr 201102,581105.964.33$11,184
Mar 201132,50596.364.06$10,453
Feb 201101,74385.644.18$7,286
Jan 201152,36686.504.59$11,290
Dec 2010342,22585.734.35$12,589
Nov 2010212,09480.843.80$9,645
Oct 2010181,93178.103.51$8,181
Sep 2010361,61372.633.98$9,034
Aug 2010171,88273.684.42$9,570
Jul 201002,09372.554.74$9,913
Jun 2010151,71170.364.91$9,457
May 2010321,40671.124.24$8,231
Apr 201001,48681.694.12$6,126
Mar 2010391,79278.394.39$10,922
Feb 201001,85073.585.44$10,068
Jan 2010351,65174.365.96$12,449
Dec 2009191,62871.445.48$10,285
Nov 2009381,52074.593.75$8,537
Oct 2009151,95372.544.11$9,115
Sep 2009301,29865.543.06$5,944
Aug 2009141,81667.423.22$6,789
Jul 200981,76761.133.46$6,611
Jun 2009111,43166.163.90$6,302
May 200992,16954.743.93$9,008
Apr 200901,61246.773.59$5,783
Mar 2009122,04342.144.06$8,798
Feb 200982,32332.814.63$11,025
Jan 20091797335.865.37$5,836
Dec 200801,59937.105.98$9,557
Nov 200882,13955.496.86$15,118
Oct 200802,00975.246.92$13,906
Sep 2008121,315101.767.88$11,579
Aug 200802,192114.228.48$18,595
Jul 200802,366131.0811.39$26,947
Jun 2008122,416131.3313.03$33,063
May 200802,475123.1711.57$28,646
Apr 2008122,356110.3110.45$25,955
Mar 200802,492101.909.66$24,083
Feb 2008112,41992.538.77$22,234
Jan 2008252,22490.388.21$20,509
Dec 200702,47288.337.30$18,050
Nov 2007112,52691.677.29$19,427
Oct 2007112,46882.856.92$17,995
Sep 2007122,38775.846.24$15,815
Aug 2007122,96369.066.39$19,756
Jul 2007112,62570.906.39$17,548
Jun 2007222,48062.007.55$20,084
May 200702,56558.747.85$20,126
Apr 2007232,07459.617.81$17,559
Mar 2007102,66656.927.30$20,036
Feb 2007252,38555.108.22$20,973
Jan 2007142,59950.306.73$18,187
Dec 2006162,67156.656.92$19,386
Nov 2006212,41354.207.62$19,519
Oct 2006332,69454.906.01$18,013
Sep 200602,66060.085.04$13,399
Aug 2006162,72968.717.34$21,130
Jul 2006152,71169.376.34$18,236
Jun 2006142,75866.286.38$18,535
May 200602,59666.016.42$16,679
Apr 2006132,63164.397.36$20,202
Mar 2006142,64956.707.08$19,556
Feb 2006152,35057.597.75$19,079
Jan 2006202,64860.598.93$24,867
Dec 2005233,20254.9413.42$44,220
Nov 2005763,10454.6910.59$37,023
Oct 200503,20758.3413.80$44,243
Sep 2005743,26261.4512.08$43,949
Aug 2005463,49561.519.80$37,069
Jul 2005172,08955.697.84$17,332
Jun 2005172,07852.337.38$16,227
May 2005162,11845.226.65$14,811
Apr 2005162,15149.207.36$16,620
Mar 2005292,09450.377.15$16,443
Feb 2005191,92345.226.31$12,997
Jan 2005362,27143.166.32$15,911
Dec 20041032,30639.866.75$19,674
Nov 2004222,03345.286.33$13,866
Oct 2004201,96749.706.52$13,809
Sep 2004201,98843.245.28$11,369
Aug 2004391,91842.375.55$12,299
Jul 2004372,30738.286.08$15,453
Jun 2004201,41736.106.43$9,838
May 2004422,94037.486.49$20,668
Apr 2004592,95234.475.86$19,328
Mar 2004663,11734.365.53$19,505
Feb 2004333,10932.455.51$18,200
Jan 2004102,36332.036.30$15,206
Dec 200342,58730.266.30$16,423
Nov 2003212,88028.804.60$13,839
Oct 2003193,02628.174.76$14,938
Sep 2003482,78926.314.75$14,509
Aug 2003423,08429.765.13$17,070
Jul 2003383,22729.415.17$17,804
Jun 2003383,10728.565.98$19,674
May 2003573,40926.595.97$21,877
Apr 2003363,35226.675.41$19,085
Mar 2003283,73931.146.10$23,665
Feb 2003353,45533.487.93$28,556
Jan 2003233,15130.315.58$18,286
Dec 2002302,89726.914.85$14,869
Nov 2002182,80024.664.14$12,027
Oct 2002351,87626.464.23$8,860
Sep 2002342,58727.443.64$10,337
Aug 2002333,04825.963.16$10,501
Jul 2002182,72524.583.06$8,786
Jun 2002601,74123.733.34$7,236
May 2002223,42624.663.58$12,821
Apr 2002213,78823.653.51$13,801
Mar 2002634,26322.003.10$14,613
Feb 2002633,77818.222.38$10,123
Jan 2002332,58917.172.38$6,717
Dec 2001502,28716.932.36$6,254
Nov 2001493,64018.072.41$9,642
Oct 2001653,95319.782.53$11,282
Sep 2001384,03924.262.25$10,015
Aug 2001393,83724.873.05$12,685
Jul 2001694,19423.933.20$15,060
Jun 2001384,02024.563.82$16,306
May 2001704,27125.524.31$20,183
Apr 2001573,97424.685.34$22,609
Mar 2001734,01024.545.38$23,351
Feb 2001443,63727.755.77$22,196
Jan 2001624,06927.478.40$35,878
Dec 2000744,30726.889.12$41,280
Nov 2000724,37532.215.66$27,073
Oct 2000734,51331.235.15$25,501
Sep 2000614,56931.875.19$25,641
Aug 2000505,37829.644.54$25,902
Jul 2000172,35828.534.09$10,129
Jun 2000694,21129.304.40$20,539
May 2000234,56627.263.68$17,429
Apr 2000444,23824.513.12$14,284
Mar 2000564,35428.422.86$14,043
Feb 2000384,41027.622.73$13,073
Jan 2000585,06125.272.48$14,019
Dec 1999674,81024.282.42$13,285
Nov 1999494,99623.192.43$13,297
Oct 1999535,49520.982.80$16,518
Sep 1999515,51821.752.62$15,560
Aug 1999655,69819.262.88$17,637
Jul 1999635,50317.892.37$14,182
Jun 1999555,41015.942.36$13,656
May 19991005,66315.792.32$14,723
Apr 1999585,79915.102.21$13,680
Mar 19991116,23312.471.84$12,842
Feb 1999836,3839.981.82$12,431
Jan 19991256,74510.381.90$14,113
Dec 1998957,8239.201.77$14,747
Nov 19981128,02410.892.19$18,758
Oct 1998798,59912.421.97$17,914
Sep 19981008,72212.592.08$19,424
Aug 19981589,64311.301.91$20,178
Jul 19987210,75011.742.24$24,896
Jun 19987410,62911.242.24$24,612
May 199810211,25212.622.21$26,113
Apr 199812610,64813.042.51$28,320
Mar 199820011,28112.802.31$28,613
Feb 19981409,98213.952.30$24,903
Jan 199815311,03714.702.15$26,032
Dec 199716511,67416.322.41$30,840
Nov 199714212,32618.193.09$40,649
Oct 199714013,70419.253.15$45,860
Sep 199714313,87917.742.95$43,548
Aug 199729515,57717.862.55$45,064
Jul 199725514,37917.582.25$36,792
Jun 199718512,60617.242.26$31,644
May 19971778,83118.972.31$23,744
Apr 199727313,94517.882.08$33,926
Mar 199718814,78118.951.94$32,225
Feb 199738519,07520.492.21$49,966
Jan 199745324,30523.483.54$96,669
Dec 199636922,32023.32$8,605
Nov 199646924,35921.97$10,304
Oct 199637921,51123.31$8,834
Sep 199635723,56622.22$7,933
Aug 199637824,81520.26$7,658
Jul 199656027,27819.55$10,948
Jun 199668029,25318.73$12,736
May 199680131,90219.43$15,563
Apr 199676029,52921.51$16,348
Mar 199677132,42319.38$14,942
Feb 199641326,08016.98$7,013

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.

Aug 2024 — as filed, then multipliedworked
Condensate             1 bbl  × $ 75.63 =        $76
Gas                    0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                      $76

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/157229 is the state's own key, not one this site invented.