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 157232District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.9 M
Feb 1996 – May 2026
Value, last 12 filed months
$45 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 Gas111996-11-14135378
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
CondensateDisposition12,984 bbl$492,090
GasProduction736,183 Mcf$2,408,678
Total$2,900,768

118,730 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 28.3787, -98.4355. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.37867, -98.43550 · 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
10,710 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 10,710 ft.

Completions filed
Feb 1996
1 of 1 wells

1 well

42-31133148610,710 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 20260336106.413.05$1,023
Apr 20262565398.932.87$4,347
Mar 20262253489.753.15$3,656
Feb 20262229563.503.75$2,503
Jan 2026045659.138.00$3,647
Dec 20252124356.664.41$2,262
Nov 20252442658.593.93$3,079
Oct 2025072759.383.30$2,403
Sep 2025251,05662.743.08$4,818
Aug 202501,32163.933.01$3,983
Jul 2025281,22066.743.32$5,913
Jun 202502,21466.483.13$6,927
May 2025231,69660.553.23$6,875
Apr 20252482562.363.54$4,420
Mar 2025301,42867.704.27$8,126
Feb 2025481,41170.884.34$9,527
Jan 2025221,80074.324.28$9,337
Dec 20242095768.993.12$4,367
Nov 2024059869.052.20$1,315
Oct 20241873471.372.28$2,959
Sep 202401,31469.612.36$3,107
Aug 2024171,67975.632.06$4,751
Jul 202405,35379.932.15$11,491
Jun 2024113,20978.082.63$9,311
May 20241568778.812.20$2,692
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240873.023.30$26
Dec 2023089771.262.61$2,342
Nov 202301,71977.892.81$4,826
Oct 2023241,44185.443.09$6,499
Sep 2023211,87689.042.74$7,001
Aug 2023022380.522.67$596
Jul 20232123174.852.64$2,182
Jun 2023023768.962.26$535
May 2023046270.622.23$1,029
Apr 2023091378.122.24$2,043
Mar 2023027272.852.39$651
Feb 2023072775.112.47$1,793
Jan 2023062276.533.39$2,107
Dec 2022011576.415.73$659
Nov 202201,17985.005.65$6,657
Oct 202201,31787.185.86$7,723
Sep 202201,51684.888.16$12,376
Aug 2022090494.529.13$8,251
Jul 2022331,095101.587.54$11,611
Jun 202201,650115.097.98$13,162
May 202235625109.378.43$9,099
Apr 20220268104.226.84$1,832
Mar 20220586108.885.08$2,975
Feb 2022067291.054.86$3,265
Jan 202201,18381.844.54$5,368
Dec 2021070771.323.90$2,757
Nov 2021080777.435.24$4,226
Oct 20213975179.795.71$7,403
Sep 2021077569.865.35$4,147
Aug 2021058866.024.22$2,482
Jul 2021086470.783.98$3,441
Jun 2021381,19469.493.38$6,677
May 2021038763.483.02$1,168
Apr 2021032860.362.76$905
Mar 2021098861.302.72$2,684
Feb 20213981157.805.55$6,754
Jan 202101,05950.412.81$2,976
Dec 202001,21944.642.68$3,261
Nov 2020221,09838.772.71$3,825
Oct 20200036.972.48$0
Sep 2020093737.091.99$1,866
Aug 2020261,09239.982.39$3,644
Jul 20202786138.371.83$2,607
Jun 2020261,31734.901.69$3,134
May 202001,37416.921.81$2,493
Apr 2020041714.751.80$752
Mar 2020291,06830.341.86$2,862
Feb 2020067649.881.98$1,339
Jan 2020291,54257.252.09$4,890
Dec 2019026759.012.30$615
Nov 201981,73455.302.75$5,212
Oct 2019087453.472.42$2,114
Sep 201921,10155.052.66$3,036
Aug 201901,07653.112.30$2,479
Jul 201951,39856.272.46$3,721
Jun 20198052.782.49$422
May 201901,42958.482.74$3,916
Apr 2019121,52962.632.75$4,957
Mar 201901,55956.803.06$4,774
Feb 2019475250.852.79$2,303
Jan 20191046.033.23$46
Dec 201811246.594.19$97
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180959.543.11$28
Aug 2018013559.403.07$414
Jul 201801965.142.93$56
Jun 20180660.183.08$18
May 201806465.382.90$186
Apr 201804163.842.90$119
Mar 201808961.222.79$248
Feb 2018049461.782.77$1,366
Jan 201802,69662.874.01$10,809
Dec 201702357.272.92$67
Nov 201701255.423.12$37
Oct 20170449.292.98$12
Sep 2017017547.523.09$540
Aug 201709845.373.00$294
Jul 2017015643.873.09$482
Jun 2017020042.493.09$617
May 2017116645.373.26$587
Apr 2017011547.933.21$369
Mar 2017513546.772.98$637
Feb 201708250.452.95$242
Jan 2017019649.413.42$670
Dec 2016016848.763.72$625
Nov 2016019542.492.64$516
Oct 2016015346.193.09$473
Sep 20161617041.553.10$1,192
Aug 2016019741.442.92$576
Jul 2016015641.622.92$456
Jun 201679545.352.69$573
May 201602742.521.99$54
Apr 2016039336.561.99$782
Mar 2016171,01333.011.79$2,379
Feb 2016084026.472.06$1,733
Jan 201601,08627.352.36$2,568
Dec 201501,11132.362.00$2,224
Nov 2015093638.792.17$2,029
Oct 20151699143.552.43$3,102
Sep 20151995042.992.76$3,437
Aug 2015181,08140.162.87$3,828
Jul 2015171,09748.152.95$4,049
Jun 2015251,03656.152.88$4,390
May 2015171,04755.212.96$4,033
Apr 20151384449.822.71$2,932
Mar 20151284942.892.93$3,006
Feb 201501,01944.662.98$3,033
Jan 20151473343.433.10$2,881
Dec 2014085154.693.59$3,056
Nov 2014131,08070.464.25$5,508
Oct 2014111,65878.303.90$7,329
Sep 2014112,07286.164.05$9,330
Aug 201401,88389.394.04$7,598
Jul 2014122,47696.564.18$11,507
Jun 2014252,29298.164.74$13,311
May 2014231,68294.734.73$10,129
Apr 2014221,42995.944.81$8,983
Mar 2014271,41295.895.06$9,729
Feb 2014361,33697.406.19$11,779
Jan 2014181,14890.404.86$7,207
Dec 201301,37191.824.35$5,970
Nov 201311,47488.853.74$5,599
Oct 201311,59297.423.78$6,114
Sep 201321,624104.113.72$6,246
Aug 201301,744104.253.52$6,143
Jul 201301,738102.523.72$6,461
Jun 201301,70594.403.93$6,706
May 2013090594.834.15$3,755
Apr 201301,34893.964.28$5,773
Mar 201361,26793.623.91$5,519
Feb 2013341,15291.233.42$7,042
Jan 2013421,04791.603.42$7,428
Dec 201201,13386.773.42$3,875
Nov 2012391,05486.953.62$7,212
Oct 201201,11089.383.40$3,774
Sep 2012451,32494.672.92$8,124
Aug 2012093092.662.91$2,705
Jul 2012431,13385.133.02$7,083
Jun 2012401,09479.822.52$5,949
May 201201,12791.612.49$2,804
Apr 2012521,113101.652.00$7,508
Mar 2012971,067105.052.22$12,561
Feb 2012801,015101.102.57$10,697
Jan 201201,14798.092.73$3,136
Dec 20111241,12596.873.24$15,657
Nov 2011551,07395.723.31$8,818
Oct 2011591,07184.983.65$8,921
Sep 2011501,18183.623.99$8,888
Aug 201111295383.404.15$13,295
Jul 2011094294.144.52$4,255
Jun 20115397692.904.64$9,452
May 201110197898.134.40$14,219
Apr 2011491,151105.964.33$10,180
Mar 20112691,20496.364.06$30,806
Feb 201101,17385.644.18$4,903
Jan 20111241,47186.504.59$17,476
Dec 201051,01185.734.35$4,824
Nov 201021,21380.843.80$4,765
Oct 201021,34378.103.51$4,869
Sep 201041,16572.633.98$4,927
Aug 201021,41673.684.42$6,405
Jul 201001,04772.554.74$4,959
Jun 201021,11670.364.91$5,621
May 201041,21771.124.24$5,439
Apr 201001,07681.694.12$4,436
Mar 201031,02078.394.39$4,712
Feb 2010097673.585.44$5,312
Jan 2010494774.365.96$5,945
Dec 200921,11071.445.48$6,230
Nov 200941,00374.593.75$4,061
Oct 200921,03272.544.11$4,387
Sep 2009111,13765.543.06$4,206
Aug 2009121,10567.423.22$4,365
Jul 2009241,22361.133.46$5,704
Jun 2009281,23066.163.90$6,643
May 2009281,05954.743.93$5,690
Apr 200901,10346.773.59$3,957
Mar 2009251,79742.144.06$8,348
Feb 2009231,03532.814.63$5,550
Jan 20095762235.865.37$5,385
Dec 2008065937.105.98$3,939
Nov 2008312,42255.496.86$18,336
Oct 200801,32175.246.92$9,144
Sep 2008401,208101.767.88$13,586
Aug 200801,354114.228.48$11,486
Jul 200801,719131.0811.39$19,578
Jun 2008371,961131.3313.03$30,416
May 200801,425123.1711.57$16,493
Apr 2008341,406110.3110.45$18,450
Mar 200801,445101.909.66$13,965
Feb 2008381,32192.538.77$15,102
Jan 2008771,37790.388.21$18,259
Dec 200701,72988.337.30$12,625
Nov 2007351,14491.677.29$11,550
Oct 2007351,52482.856.92$13,449
Sep 2007361,45775.846.24$11,828
Aug 2007361,78669.066.39$13,895
Jul 2007361,56670.906.39$12,556
Jun 2007691,56462.007.55$16,084
May 200701,54858.747.85$12,146
Apr 2007681,60059.617.81$16,542
Mar 2007311,56456.927.30$13,185
Feb 2007321,53655.108.22$14,383
Jan 2007141,42950.306.73$10,317
Dec 2006101,62256.656.92$11,788
Nov 2006111,47654.207.62$11,840
Oct 2006151,73454.906.01$11,251
Sep 200601,58760.085.04$7,994
Aug 2006221,69368.717.34$13,938
Jul 2006211,71569.376.34$12,335
Jun 2006231,62666.286.38$11,905
May 200601,67266.016.42$10,743
Apr 2006111,48864.397.36$11,661
Mar 2006111,54156.707.08$11,538
Feb 2006121,44957.597.75$11,922
Jan 2006251,49560.598.93$14,870
Dec 2005311,85154.9413.42$26,535
Nov 2005601,74854.6910.59$21,790
Oct 200501,99358.3413.80$27,495
Sep 2005211,65161.4512.08$21,233
Aug 200591,95661.519.80$19,716
Jul 2005398555.697.84$7,893
Jun 2005386352.337.38$6,527
May 2005370245.226.65$4,805
Apr 2005255149.207.36$4,154
Mar 2005436550.377.15$2,813
Feb 2005362045.226.31$4,049
Jan 200541,42043.166.32$9,150
Dec 200481,30539.866.75$9,129
Nov 200451,35145.286.33$8,779
Oct 2004131,35649.706.52$9,481
Sep 2004141,40843.245.28$8,045
Aug 2004261,36942.375.55$8,700
Jul 2004251,50538.286.08$10,114
Jun 2004131,41336.106.43$9,559
May 2004311,95737.486.49$13,872
Apr 2004531,94734.475.86$13,233
Mar 2004571,98334.365.53$12,925
Feb 2004321,68932.455.51$10,344
Jan 2004121,72732.036.30$11,264
Dec 200371,73630.266.30$11,151
Nov 2003181,70028.804.60$8,330
Oct 2003131,90728.174.76$9,443
Sep 2003321,53726.314.75$8,142
Aug 2003341,82629.765.13$10,379
Jul 2003391,88829.415.17$10,910
Jun 2003431,79428.565.98$11,962
May 2003582,06526.595.97$13,876
Apr 2003192,05326.675.41$11,608
Mar 2003302,14831.146.10$14,028
Feb 2003752,13833.487.93$19,457
Jan 2003412,07730.315.58$12,837
Dec 2002351,84526.914.85$9,897
Nov 2002321,92924.664.14$8,769
Oct 2002502,03926.464.23$9,946
Sep 2002411,86727.443.64$7,912
Aug 2002462,29225.963.16$8,446
Jul 2002402,22824.583.06$7,805
Jun 2002642,43223.733.34$9,637
May 2002283,18724.663.58$12,113
Apr 2002293,27623.653.51$12,192
Mar 2002953,01922.003.10$11,457
Feb 2002802,54418.222.38$7,501
Jan 2002593,04217.172.38$8,240
Dec 2001722,48816.932.36$7,102
Nov 2001573,19118.072.41$8,706
Oct 2001713,48019.782.53$10,205
Sep 2001342,48024.262.25$6,408
Aug 2001532,55424.873.05$9,116
Jul 2001582,78223.933.20$10,282
Jun 2001402,83924.563.82$11,839
May 2001642,67725.524.31$13,164
Apr 2001952,27424.685.34$14,477
Mar 2001752,38424.545.38$14,658
Feb 2001592,00127.755.77$13,177
Jan 20011282,68027.478.40$26,025
Dec 2000842,20926.889.12$22,410
Nov 2000422,53132.215.66$15,673
Oct 2000412,52331.235.15$14,263
Sep 2000432,46531.875.19$14,155
Aug 2000353,16429.644.54$15,404
Jul 2000253,09828.534.09$13,383
Jun 2000913,06829.304.40$16,157
May 2000493,99527.263.68$16,036
Apr 2000421,64024.513.12$6,140
Mar 2000393,09928.422.86$9,971
Feb 2000463,63127.622.73$11,170
Jan 2000614,00025.272.48$11,463
Dec 1999673,94024.282.42$11,176
Nov 1999513,94823.192.43$10,792
Oct 1999704,27320.982.80$13,449
Sep 1999734,31021.752.62$12,875
Aug 1999694,49019.262.88$14,240
Jul 1999764,36617.892.37$11,717
Jun 1999734,05315.942.36$10,737
May 19991454,65615.792.32$13,096
Apr 1999984,39115.102.21$11,175
Mar 19991154,76412.471.84$10,192
Feb 1999884,5069.981.82$9,069
Jan 19991475,31010.381.90$11,615
Dec 19981165,3449.201.77$10,544
Nov 19981215,33010.892.19$12,968
Oct 1998805,59612.421.97$12,013
Sep 19981095,48212.592.08$12,789
Aug 1998985,92811.301.91$12,414
Jul 1998596,64111.742.24$15,550
Jun 1998626,63311.242.24$15,537
May 1998705,83312.622.21$13,753
Apr 1998875,51913.042.51$14,961
Mar 19981205,85512.802.31$15,058
Feb 19981105,39813.952.30$13,945
Jan 19981226,11814.702.15$14,976
Dec 19971066,18816.322.41$16,650
Nov 1997956,23218.193.09$20,974
Oct 19971417,08519.253.15$25,031
Sep 1997876,27617.742.95$20,088
Aug 19971117,17617.862.55$20,315
Jul 19971117,71817.582.25$19,293
Jun 1997957,00617.242.26$17,452
May 19971208,23418.972.31$21,285
Apr 19971587,57917.882.08$18,610
Mar 19971859,37518.951.94$21,685
Feb 19971387,88220.492.21$20,215
Jan 19972049,88123.483.54$39,766
Dec 19961549,50723.32$3,591
Nov 199617710,06521.97$3,889
Oct 199619310,34823.31$4,499
Sep 199621011,06422.22$4,666
Aug 199624811,00020.26$5,024
Jul 199623912,05419.55$4,672
Jun 199622911,54618.73$4,289
May 199633612,28019.43$6,528
Apr 199635512,63221.51$7,636
Mar 199634913,48919.38$6,764
Feb 19961014,74516.98$1,715

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                  336 Mcf  × $  3.05 =     $1,023

────────────────────────────────────────────────────
Month total                                   $1,023

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/157232 is the state's own key, not one this site invented.