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 157299District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.0 M
Jan 1996 – May 2026
Value, last 12 filed months
$36 k
at the published price for each month
Months reported
365
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 Gas111996-11-14135376
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
CondensateDisposition18,288 bbl$492,586
GasProduction862,752 Mcf$2,535,512
Total$3,028,098

227,134 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 28.3819, -98.4261. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.38192, -98.42606 · 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
10,833 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 10,833 ft.

Completions filed
Jan 1996
1 of 1 wells

1 well

42-31133141410,833 ftJan 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 (365)

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

365 months

May 202601,181106.413.05$3,597
Apr 20261459398.932.87$3,087
Mar 20261376889.753.15$3,586
Feb 20261329463.503.75$1,928
Jan 2026045959.138.00$3,671
Dec 20251543056.664.41$2,748
Nov 20251961458.593.93$3,524
Oct 2025037759.383.30$1,246
Sep 20252235562.743.08$2,473
Aug 202501,08763.933.01$3,277
Jul 20252069466.743.32$3,636
Jun 202501,04266.483.13$3,260
May 2025736160.553.23$1,591
Apr 2025614062.363.54$870
Mar 2025522167.704.27$1,282
Feb 2025131170.884.34$969
Jan 20251120574.324.28$1,695
Dec 20242073768.993.12$3,680
Nov 2024058669.052.20$1,288
Oct 20241659171.372.28$2,490
Sep 2024033169.612.36$783
Aug 20241854075.632.06$2,476
Jul 2024073879.932.15$1,584
Jun 20242190178.082.63$4,013
May 2024211,31378.812.20$4,542
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 2023045271.262.61$1,180
Nov 2023089777.892.81$2,518
Oct 2023861085.443.09$2,567
Sep 2023632989.042.74$1,434
Aug 20230080.522.67$0
Jul 202373874.852.64$624
Jun 2023015168.962.26$341
May 2023023770.622.23$528
Apr 2023033178.122.24$741
Mar 2023024372.852.39$582
Feb 2023027775.112.47$683
Jan 2023036276.533.39$1,226
Dec 2022016176.415.73$922
Nov 2022076085.005.65$4,291
Oct 2022071187.185.86$4,169
Sep 2022034184.888.16$2,784
Aug 2022031594.529.13$2,875
Jul 20224223101.587.54$2,088
Jun 20220271115.097.98$2,162
May 202240109.378.43$437
Apr 2022091104.226.84$622
Mar 202200108.885.08$0
Feb 2022020991.054.86$1,016
Jan 2022039581.844.54$1,792
Dec 2021041271.323.90$1,606
Nov 2021048077.435.24$2,514
Oct 2021612279.795.71$1,176
Sep 2021022369.865.35$1,193
Aug 2021023766.024.22$1,000
Jul 2021041670.783.98$1,657
Jun 2021747469.493.38$2,089
May 20210063.483.02$0
Apr 202108060.362.76$221
Mar 2021043161.302.72$1,171
Feb 2021925457.805.55$1,929
Jan 2021025950.412.81$728
Dec 2020036944.642.68$987
Nov 2020940938.772.71$1,456
Oct 2020026736.972.48$662
Sep 2020042937.091.99$854
Aug 2020518839.982.39$648
Jul 2020722138.371.83$672
Jun 2020629034.901.69$700
May 2020058416.921.81$1,060
Apr 20200014.751.80$0
Mar 2020742830.341.86$1,007
Feb 2020033049.881.98$654
Jan 2020753957.252.09$1,530
Dec 2019031759.012.30$730
Nov 20191326455.302.75$1,445
Oct 2019015353.472.42$370
Sep 20194449855.052.66$3,746
Aug 2019054153.112.30$1,247
Jul 20192653456.272.46$2,777
Jun 20192065552.782.49$2,687
May 2019034158.482.74$934
Apr 20191331162.632.75$1,670
Mar 2019027656.803.06$845
Feb 20192021550.852.79$1,617
Jan 20191031346.033.23$1,471
Dec 2018840846.594.19$2,080
Nov 2018636052.934.24$1,843
Oct 2018651661.443.40$2,122
Sep 2018025359.543.11$786
Aug 2018034959.403.07$1,070
Jul 2018038465.142.93$1,126
Jun 2018025560.183.08$785
May 2018045965.382.90$1,331
Apr 2018126963.842.90$844
Mar 2018435761.222.79$1,240
Feb 2018028461.782.77$786
Jan 2018025262.874.01$1,010
Dec 2017839657.272.92$1,615
Nov 2017065455.423.12$2,039
Oct 20171654649.292.98$2,418
Sep 20170047.523.09$0
Aug 2017067845.373.00$2,037
Jul 2017075543.873.09$2,331
Jun 2017063442.493.09$1,957
May 2017566045.373.26$2,381
Apr 2017046247.933.21$1,484
Mar 20171251746.772.98$2,104
Feb 2017038850.452.95$1,146
Jan 2017046849.413.42$1,600
Dec 2016021448.763.72$797
Nov 2016033542.492.64$886
Oct 2016054346.193.09$1,678
Sep 2016866541.553.10$2,394
Aug 2016065641.442.92$1,918
Jul 2016042941.622.92$1,255
Jun 201611,11845.352.69$3,048
May 2016019642.521.99$390
Apr 2016047736.561.99$950
Mar 2016686633.011.79$1,752
Feb 2016016426.472.06$338
Jan 201604127.352.36$97
Dec 201505732.362.00$114
Nov 2015044038.792.17$954
Oct 20151161643.552.43$1,974
Sep 20151266942.992.76$2,361
Aug 20151167940.162.87$2,392
Jul 2015966848.152.95$2,401
Jun 20151262056.152.88$2,461
May 2015864155.212.96$2,336
Apr 20151653349.822.71$2,240
Mar 20152746142.892.93$2,511
Feb 2015045944.662.98$1,366
Jan 20155845043.433.10$3,914
Dec 2014041754.693.59$1,498
Nov 20146342170.464.25$6,229
Oct 20145081778.303.90$7,102
Sep 2014681,07086.164.05$10,188
Aug 201401,03089.394.04$4,156
Jul 2014431,02696.564.18$8,440
Jun 2014121,06798.164.74$6,232
May 2014765194.734.73$3,740
Apr 2014664595.944.81$3,678
Mar 2014855995.895.06$3,594
Feb 20141853697.406.19$5,072
Jan 20141942690.404.86$3,788
Dec 2013053391.824.35$2,321
Nov 20131353088.853.74$3,136
Oct 20133061297.423.78$5,236
Sep 201345629104.113.72$7,023
Aug 20130751104.253.52$2,645
Jul 20130748102.523.72$2,781
Jun 2013058494.403.93$2,297
May 2013063094.834.15$2,614
Apr 2013063793.964.28$2,728
Mar 2013056593.623.91$2,211
Feb 2013054991.233.42$1,878
Jan 2013050191.603.42$1,713
Dec 2012053386.773.42$1,823
Nov 2012054086.953.62$1,957
Oct 2012056389.383.40$1,914
Sep 2012065894.672.92$1,920
Aug 2012070792.662.91$2,056
Jul 201201,25285.133.02$3,782
Jun 2012052579.822.52$1,323
May 2012060491.612.49$1,503
Apr 201201,035101.652.00$2,067
Mar 20120943105.052.22$2,095
Feb 201201,114101.102.57$2,863
Jan 201201,03198.092.73$2,819
Dec 201101,37596.873.24$4,455
Nov 201101,29495.723.31$4,285
Oct 201101,26584.983.65$4,615
Sep 201101,23883.623.99$4,934
Aug 201101,30783.404.15$5,423
Jul 201101,35694.144.52$6,125
Jun 201101,56592.904.64$7,261
May 2011070398.134.40$3,097
Apr 201101,249105.964.33$5,412
Mar 20112060196.364.06$4,366
Feb 201101,06085.644.18$4,431
Jan 2011331,49586.504.59$9,715
Dec 2010411,81185.734.35$11,389
Nov 20101959580.843.80$3,794
Oct 2010161,54478.103.51$6,667
Sep 2010331,19572.633.98$7,152
Aug 20101695473.684.42$5,395
Jul 2010085472.554.74$4,045
Jun 2010171,25270.364.91$7,344
May 2010301,28871.124.24$7,589
Apr 201001,09181.694.12$4,498
Mar 20102295478.394.39$5,911
Feb 2010071173.585.44$3,870
Jan 2010241,00174.365.96$7,755
Dec 20091492771.445.48$6,084
Nov 20093173474.593.75$5,066
Oct 20091774472.544.11$4,291
Sep 20093293165.543.06$4,951
Aug 2009151,41567.423.22$5,565
Jul 2009151,45861.133.46$5,968
Jun 2009141,64166.163.90$7,318
May 2009122,01854.743.93$8,579
Apr 200901,09146.773.59$3,914
Mar 2009172,28342.144.06$9,983
Feb 2009131,80232.814.63$8,775
Jan 2009281,52935.865.37$9,216
Dec 200801,71037.105.98$10,221
Nov 2008151,70055.496.86$12,495
Oct 200801,80675.246.92$12,501
Sep 2008151,562101.767.88$13,830
Aug 200801,963114.228.48$16,652
Jul 200802,082131.0811.39$23,713
Jun 2008152,325131.3313.03$32,271
May 200802,420123.1711.57$28,010
Apr 2008142,387110.3110.45$26,500
Mar 200802,814101.909.66$27,195
Feb 2008112,22392.538.77$20,515
Jan 2008251,26290.388.21$12,615
Dec 200701,41888.337.30$10,354
Nov 2007141,59691.677.29$12,921
Oct 2007132,08582.856.92$15,509
Sep 2007132,01975.846.24$13,593
Aug 2007132,09369.066.39$14,268
Jul 2007121,93670.906.39$13,218
Jun 2007231,66762.007.55$14,009
May 200701,62858.747.85$12,774
Apr 2007241,69659.617.81$14,668
Mar 2007111,79256.927.30$13,711
Feb 2007381,46155.108.22$14,097
Jan 2007231,56750.306.73$11,698
Dec 2006261,74756.656.92$13,559
Nov 2006251,72454.207.62$14,488
Oct 2006251,98054.906.01$13,280
Sep 200601,85860.085.04$9,359
Aug 2006251,83268.717.34$15,164
Jul 2006271,85569.376.34$13,639
Jun 2006292,03266.286.38$14,894
May 200601,77066.016.42$11,372
Apr 2006601,72664.397.36$16,568
Mar 2006611,74856.707.08$15,840
Feb 2006531,53557.597.75$14,950
Jan 2006211,69460.598.93$16,405
Dec 200582,14654.9413.42$29,229
Nov 2005192,35254.6910.59$25,943
Oct 200502,11358.3413.80$29,150
Sep 2005152,23261.4512.08$27,882
Aug 2005362,86761.519.80$30,302
Jul 2005601,35555.697.84$13,970
Jun 2005541,42052.337.38$13,307
May 2005531,30745.226.65$11,090
Apr 2005541,40149.207.36$12,969
Mar 2005921,31750.377.15$14,057
Feb 2005411,25445.226.31$9,769
Jan 2005261,45743.166.32$10,334
Dec 2004231,34339.866.75$9,983
Nov 2004281,36645.286.33$9,915
Oct 2004281,56949.706.52$11,614
Sep 2004281,47743.245.28$9,015
Aug 2004601,89242.375.55$13,044
Jul 2004551,70738.286.08$12,491
Jun 2004241,81636.106.43$12,549
May 2004462,27237.486.49$16,480
Apr 2004152,14034.475.86$13,054
Mar 200432,26434.365.53$12,623
Feb 200431,93232.455.51$10,742
Jan 200441,93332.036.30$12,305
Dec 200341,80130.266.30$11,470
Nov 200342,06128.804.60$9,586
Oct 200331,86728.174.76$8,971
Sep 200361,96026.314.75$9,467
Aug 2003262,23829.765.13$12,254
Jul 2003422,13629.415.17$12,280
Jun 2003412,13328.565.98$13,933
May 2003612,64326.595.97$17,408
Apr 2003252,60826.675.41$14,769
Mar 2003222,82431.146.10$17,900
Feb 2003432,69333.487.93$22,784
Jan 2003362,65430.315.58$15,906
Dec 2002522,72826.914.85$14,640
Nov 2002402,04524.664.14$9,446
Oct 2002582,60626.464.23$12,556
Sep 2002652,60727.443.64$11,261
Aug 2002562,84925.963.16$10,468
Jul 2002722,46724.583.06$9,323
Jun 2002882,50123.733.34$10,437
May 2002202,68924.663.58$10,131
Apr 2002292,39423.653.51$9,094
Mar 2002792,56022.003.10$9,681
Feb 2002792,14018.222.38$6,523
Jan 2002832,59417.172.38$7,588
Dec 20011132,79216.932.36$8,514
Nov 2001602,52818.072.41$7,165
Oct 2001732,70219.782.53$8,277
Sep 2001652,88124.262.25$8,063
Aug 2001492,83124.873.05$9,862
Jul 2001932,98623.933.20$11,772
Jun 2001583,01324.563.82$12,947
May 2001873,06325.524.31$15,414
Apr 2001832,90624.685.34$17,553
Mar 2001803,09024.545.38$18,576
Feb 2001592,83427.755.77$17,981
Jan 2001843,01627.478.40$27,638
Dec 2000863,30726.889.12$32,480
Nov 2000773,11832.215.66$20,122
Oct 2000943,29931.235.15$19,911
Sep 20001433,26731.875.19$21,502
Aug 2000753,86229.644.54$19,759
Jul 2000833,80328.534.09$17,921
Jun 2000973,70629.304.40$19,138
May 2000613,85027.263.68$15,830
Apr 2000513,64724.513.12$12,614
Mar 2000573,73528.422.86$12,301
Feb 2000693,69327.622.73$11,975
Jan 2000854,18825.272.48$12,536
Dec 19991304,09224.282.42$13,074
Nov 1999854,11423.192.43$11,985
Oct 19991014,44420.982.80$14,579
Sep 19991004,26821.752.62$13,352
Aug 1999884,76919.262.88$15,409
Jul 1999764,80717.892.37$12,764
Jun 1999864,65315.942.36$12,362
May 19991565,01515.792.32$14,103
Apr 1999944,41715.102.21$11,172
Mar 19991135,16812.471.84$10,910
Feb 1999924,9379.981.82$9,893
Jan 19991505,63810.381.90$12,269
Dec 19981325,6899.201.77$11,303
Nov 19981775,79110.892.19$14,585
Oct 19981226,12912.421.97$13,585
Sep 19981546,12512.592.08$14,695
Aug 19981516,67611.301.91$14,440
Jul 19981088,17111.742.24$19,549
Jun 19981087,78411.242.24$18,629
May 19981417,85412.622.21$19,108
Apr 19981737,43213.042.51$20,876
Mar 19982387,90312.802.31$21,298
Feb 19981736,98713.952.30$18,477
Jan 19982037,79914.702.15$19,789
Dec 19971777,84616.322.41$21,806
Nov 19972248,24018.193.09$29,522
Oct 19972299,03219.253.15$32,857
Sep 19971339,14717.742.95$29,388
Aug 19972019,98617.862.55$29,101
Jul 19972879,98517.582.25$27,481
Jun 199723310,22717.242.26$27,101
May 199725611,75618.972.31$31,995
Apr 199729412,05817.882.08$30,371
Mar 199733211,79618.951.94$29,166
Feb 199744510,94020.492.21$33,251
Jan 199737812,47923.483.54$53,047
Dec 199638214,83123.32$8,908
Nov 199635012,21321.97$7,690
Oct 199636214,60723.31$8,438
Sep 199648316,61522.22$10,732
Aug 199648816,06320.26$9,887
Jul 199645417,98519.55$8,876
Jun 199648519,50618.73$9,084
May 199667724,01619.43$13,154
Apr 199678126,97121.51$16,799
Mar 199683231,14419.38$16,124
Feb 199673433,18316.98$12,463
Jan 19960017.07$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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,181 Mcf  × $  3.05 =     $3,597

────────────────────────────────────────────────────
Month total                                   $3,597

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/157299 is the state's own key, not one this site invented.