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 157480District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Mar 1996 – May 2026
Value, last 12 filed months
$60 k
at the published price for each month
Months reported
363
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 Gas111996-11-14135382
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
CondensateDisposition21,841 bbl$1,008,021
GasProduction1,019,412 Mcf$3,401,815
Total$4,409,836

159,162 Mcf of this lease's gas, across 10 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 28.3860, -98.4313. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.38601, -98.43132 · 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
10,715 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 10,715 ft.

1 well

42-311331441010,715 ft

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 (363)

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

363 months

May 20260837106.413.05$2,549
Apr 20263462398.932.87$5,151
Mar 20263692989.753.15$6,157
Feb 20264050463.503.75$4,430
Jan 2026069159.138.00$5,527
Dec 2025401,32556.664.41$8,114
Nov 2025371,10058.593.93$6,487
Oct 202501,24259.383.30$4,105
Sep 20252135962.743.08$2,422
Aug 202501,59663.933.01$4,812
Jul 20252858066.743.32$3,792
Jun 202502,18766.483.13$6,843
May 2025432,91360.553.23$12,019
Apr 2025401,70762.363.54$8,543
Mar 20254445167.704.27$4,904
Feb 2025882,32570.884.34$16,330
Jan 2025442,82074.324.28$15,336
Dec 20244392068.993.12$5,838
Nov 2024062169.052.20$1,365
Oct 20243860671.372.28$4,095
Sep 202401,22469.612.36$2,894
Aug 2024481,05275.632.06$5,801
Jul 202404,24179.932.15$9,104
Jun 2024462,39078.082.63$9,887
May 2024391,16178.812.20$5,626
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240673.023.30$20
Dec 2023065771.262.61$1,715
Nov 202301,77677.892.81$4,986
Oct 2023323,08285.443.09$12,249
Sep 2023357,15289.042.74$22,677
Aug 202307680.522.67$203
Jul 2023317674.852.64$2,521
Jun 2023026868.962.26$605
May 2023059370.622.23$1,321
Apr 2023046978.122.24$1,050
Mar 2023067072.852.39$1,603
Feb 202301,05175.112.47$2,591
Jan 202301,90776.533.39$6,460
Dec 202201,38676.415.73$7,941
Nov 202201,62085.005.65$9,147
Oct 202201,03287.185.86$6,051
Sep 202201,49984.888.16$12,237
Aug 202202,57594.529.13$23,502
Jul 2022491,769101.587.54$18,319
Jun 202202,868115.097.98$22,879
May 2022722,994109.378.43$33,123
Apr 202203,332104.226.84$22,783
Mar 202203,693108.885.08$18,747
Feb 202202,83591.054.86$13,775
Jan 202202,90381.844.54$13,173
Dec 202103,03771.323.90$11,842
Nov 202103,10477.435.24$16,255
Oct 2021752,97379.795.71$22,972
Sep 202102,51869.865.35$13,474
Aug 202102,09266.024.22$8,829
Jul 202103,04070.783.98$12,106
Jun 2021713,44369.493.38$16,573
May 202102,41863.483.02$7,297
Apr 202101,21960.362.76$3,363
Mar 202103,43061.302.72$9,319
Feb 2021643,13157.805.55$21,070
Jan 202103,87150.412.81$10,879
Dec 202004,22844.642.68$11,312
Nov 2020502,99838.772.71$10,053
Oct 202004,03936.972.48$10,010
Sep 202003,96537.091.99$7,894
Aug 2020454,10139.982.39$11,580
Jul 2020422,28238.371.83$5,776
Jun 2020393,28834.901.69$6,919
May 202003,17616.921.81$5,764
Apr 2020094214.751.80$1,700
Mar 2020352,48130.341.86$5,667
Feb 202002,08049.881.98$4,120
Jan 2020393,67557.252.09$9,931
Dec 201903,57859.012.30$8,245
Nov 2019902,92555.302.75$13,023
Oct 201903,10853.472.42$7,517
Sep 20191053,02255.052.66$13,811
Aug 201902,35353.112.30$5,422
Jul 20191023,22456.272.46$13,671
Jun 20191024,00652.782.49$15,363
May 201902,79158.482.74$7,648
Apr 2019851,08262.632.75$8,300
Mar 201905,02156.803.06$15,375
Feb 20192166,30050.852.79$28,575
Jan 2019907,94046.033.23$29,774
Dec 2018756,70346.594.19$31,549
Nov 2018325,87552.934.24$26,588
Oct 201806,18161.443.40$21,004
Sep 2018043959.543.11$1,364
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170142.493.09$3
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170350.452.95$9
Jan 20170449.413.42$14
Dec 20160748.763.72$26
Nov 20160442.492.64$11
Oct 201603546.193.09$108
Sep 20161041.553.10$42
Aug 201601341.442.92$38
Jul 20160441.622.92$12
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150532.362.00$10
Nov 201501738.792.17$37
Oct 20151043.552.43$44
Sep 201525942.992.76$249
Aug 201547240.162.87$367
Jul 2015185148.152.95$1,017
Jun 201514162456.152.88$9,716
May 2015311,36355.212.96$33,748
Apr 20153749.822.71$168
Mar 20153942.892.93$155
Feb 20150944.662.98$27
Jan 201521143.433.10$121
Dec 20140954.693.59$32
Nov 20141370.464.25$83
Oct 20140178.303.90$4
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20141094.734.73$95
Apr 20141195.944.81$101
Mar 20140995.895.06$46
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20131097.423.78$97
Sep 201311104.113.72$108
Aug 201320104.253.52$209
Jul 201330102.523.72$308
Jun 20133494.403.93$299
May 20130894.834.15$33
Apr 20130693.964.28$26
Mar 201310893.623.91$968
Feb 2013391391.233.42$3,602
Jan 201355091.603.42$5,038
Dec 201201486.773.42$48
Nov 20124742486.953.62$5,624
Oct 2012041489.383.40$1,407
Sep 20122910594.672.92$3,052
Aug 2012023392.662.91$678
Jul 2012245685.133.02$2,212
Jun 201254079.822.52$4,310
May 201201,07591.612.49$2,675
Apr 20125482101.652.00$5,653
Mar 2012781,275105.052.22$11,027
Feb 2012971,148101.102.57$12,757
Jan 201201,59298.092.73$4,353
Dec 20112475,20196.873.24$40,777
Nov 20111264,65895.723.31$27,485
Oct 20111284,84284.983.65$28,544
Sep 20111365,43883.623.99$33,047
Aug 20112505,51083.404.15$43,713
Jul 201105,11794.144.52$23,115
Jun 20111354,79692.904.64$34,794
May 20112668,04698.134.40$61,544
Apr 20111348,993105.964.33$53,168
Mar 201122211,37896.364.06$67,556
Feb 2011010,01385.644.18$41,854
Jan 20118086.504.59$692
Dec 201059085.734.35$5,058
Nov 2010115080.843.80$9,297
Oct 20101231,16978.103.51$13,708
Sep 20102482,14472.633.98$26,544
Aug 20101251,91173.684.42$17,655
Jul 201001,64072.554.74$7,768
Jun 20101321,77670.364.91$18,008
May 20102571,61071.124.24$25,097
Apr 201001,55281.694.12$6,398
Mar 20102611,51378.394.39$27,100
Feb 201001,51173.585.44$8,223
Jan 20102481,56974.365.96$27,799
Dec 20091341,40971.445.48$17,300
Nov 20092501,40774.593.75$23,926
Oct 20091261,59772.544.11$15,704
Sep 20092441,90365.543.06$21,824
Aug 20091171,95267.423.22$14,171
Jul 20091112,00261.133.46$13,721
Jun 20091131,96066.163.90$15,110
May 20091112,02754.743.93$14,034
Apr 200901,95746.773.59$7,021
Mar 20091212,57042.144.06$15,531
Feb 20091331,88032.814.63$13,074
Jan 20092462,19335.865.37$20,600
Dec 200802,31437.105.98$13,831
Nov 20081242,46755.496.86$23,805
Oct 200802,16275.246.92$14,965
Sep 20081081,497101.767.88$22,782
Aug 200801,814114.228.48$15,388
Jul 200802,197131.0811.39$25,023
Jun 20081132,250131.3313.03$44,164
May 200802,252123.1711.57$26,065
Apr 20081212,199110.3110.45$36,338
Mar 200802,377101.909.66$22,971
Feb 20081202,28392.538.77$31,127
Jan 20082302,36690.388.21$40,202
Dec 200702,46288.337.30$17,977
Nov 20071192,24191.677.29$27,249
Oct 20071162,72682.856.92$28,480
Sep 20071172,62775.846.24$25,277
Aug 20071173,37369.066.39$29,627
Jul 20071123,00970.906.39$27,162
Jun 20072233,10962.007.55$37,294
May 200703,35658.747.85$26,332
Apr 20072323,70559.617.81$42,748
Mar 20071104,36056.927.30$38,098
Feb 2007704,62855.108.22$41,881
Jan 200726,66650.306.73$44,942
Dec 2006113356.656.92$851
Nov 20061226754.207.62$2,684
Oct 200691,04154.906.01$6,754
Sep 2006042660.085.04$2,146
Aug 20061457868.717.34$5,204
Jul 20061373769.376.34$5,576
Jun 20061181966.286.38$5,957
May 2006050666.016.42$3,251
Apr 2006699064.397.36$7,673
Mar 2006418056.707.08$1,502
Feb 2006561157.597.75$5,024
Jan 2006137460.598.93$3,402
Dec 200513454.9413.42$511
Nov 200564754.6910.59$826
Oct 2005022158.3413.80$3,049
Sep 200539161.4512.08$1,284
Aug 20051025861.519.80$3,143
Jul 20051038355.697.84$3,561
Jun 20051759852.337.38$5,303
May 2005221,96845.226.65$14,084
Apr 2005351,95349.207.36$16,097
Mar 20051241,96750.377.15$20,320
Feb 2005551,84645.226.31$14,139
Jan 2005322,18243.166.32$15,176
Dec 2004272,16539.866.75$15,692
Nov 2004522,15745.286.33$16,009
Oct 2004492,12349.706.52$16,267
Sep 2004482,47643.245.28$15,158
Aug 2004922,44442.375.55$17,464
Jul 2004842,42238.286.08$17,951
Jun 2004411,91136.106.43$13,774
May 2004832,95437.486.49$22,296
Apr 2004732,97534.475.86$19,945
Mar 2004693,07834.365.53$19,393
Feb 2004842,84432.455.51$18,395
Jan 2004862,63132.036.30$19,329
Dec 2003842,62630.266.30$19,090
Nov 2003802,57728.804.60$14,146
Oct 2003402,82528.174.76$14,573
Sep 2003822,64126.314.75$14,700
Aug 2003692,90429.765.13$16,950
Jul 2003563,00329.415.17$17,175
Jun 2003542,88528.565.98$18,803
May 2003803,16126.595.97$21,007
Apr 2003593,07926.675.41$18,223
Mar 2003623,35631.146.10$22,389
Feb 20031083,07233.487.93$27,964
Jan 2003673,02530.315.58$18,916
Dec 2002822,90326.914.85$16,297
Nov 2002682,83724.664.14$13,413
Oct 2002723,09826.464.23$15,007
Sep 2002853,06127.443.64$13,460
Aug 2002823,27225.963.16$12,482
Jul 2002923,09624.583.06$11,741
Jun 20021222,94923.733.34$12,740
May 2002413,24524.663.58$12,641
Apr 2002393,16323.653.51$12,032
Mar 2002943,30322.003.10$12,316
Feb 2002992,90918.222.38$8,715
Jan 2002593,07017.172.38$8,306
Dec 20011013,37516.932.36$9,690
Nov 2001422,09918.072.41$5,808
Oct 2001993,56919.782.53$10,984
Sep 2001713,49224.262.25$9,584
Aug 2001563,39624.873.05$11,761
Jul 2001973,53923.933.20$13,636
Jun 2001623,49024.563.82$14,869
May 2001973,40225.524.31$17,129
Apr 2001973,44024.685.34$20,747
Mar 20011093,51124.545.38$21,552
Feb 2001663,21527.755.77$20,373
Jan 20011013,50527.478.40$32,212
Dec 2000993,66326.889.12$36,077
Nov 2000973,73532.215.66$24,257
Oct 2000963,75231.235.15$22,304
Sep 20001093,60131.875.19$22,150
Aug 2000684,46629.644.54$22,295
Jul 2000564,37428.534.09$19,486
Jun 20001224,09829.304.40$21,595
May 2000484,45227.263.68$17,691
Apr 20001094,00224.513.12$15,142
Mar 2000954,11428.422.86$14,465
Feb 20001044,11427.622.73$14,089
Jan 2000884,52125.272.48$13,438
Dec 19991184,46224.282.42$13,680
Nov 19991014,51923.192.43$13,341
Oct 19991054,82920.982.80$15,742
Sep 1999994,87621.752.62$14,923
Aug 1999994,94219.262.88$16,118
Jul 19991134,64217.892.37$13,034
Jun 1999984,65015.942.36$12,546
May 19991625,27815.792.32$14,808
Apr 1999955,03515.102.21$12,552
Mar 1999854,73912.471.84$9,772
Feb 1999263,4889.981.82$6,600
Jan 1999545,06310.381.90$10,180
Dec 19981285,9359.201.77$11,702
Nov 19981795,97210.892.19$15,002
Oct 19981216,15012.421.97$13,613
Sep 19981246,60112.592.08$15,309
Aug 19981506,63511.301.91$14,350
Jul 1998817,40811.742.24$17,525
Jun 1998814,10111.242.24$10,085
May 19981047,07912.622.21$16,931
Apr 19981296,69813.042.51$18,463
Mar 19981796,93712.802.31$18,312
Feb 19981376,20213.952.30$16,170
Jan 19981506,96914.702.15$17,222
Dec 19971557,02216.322.41$19,460
Nov 19971407,19718.193.09$24,773
Oct 19971877,74019.253.15$27,979
Sep 19971357,63117.742.95$24,944
Aug 19971838,15417.862.55$24,100
Jul 19971718,16617.582.25$21,355
Jun 19971748,25517.242.26$21,633
May 19971448,90518.972.31$23,289
Apr 19972169,18317.882.08$22,988
Mar 19971519,46818.951.94$21,221
Feb 1997918,71820.492.21$21,096
Jan 199719410,09123.483.54$40,274
Dec 199617210,59623.32$4,011
Nov 199621611,56721.97$4,746
Oct 199623312,18323.31$5,431
Sep 199627612,71522.22$6,133
Aug 199635613,54020.26$7,213
Jul 199635615,75119.55$6,960
Jun 199641417,82618.73$7,754
May 19966121,86419.43$1,185
Apr 19967726,98721.51$1,656
Mar 19964416,13319.38$853

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                  837 Mcf  × $  3.05 =     $2,549

────────────────────────────────────────────────────
Month total                                   $2,549

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/157480 is the state's own key, not one this site invented.