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 157483District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Mar 1996 – May 2026
Value, last 12 filed months
$51 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 Gas111996-11-15135379
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
CondensateDisposition14,199 bbl$445,248
GasProduction1,150,745 Mcf$3,951,846
Total$4,397,094

192,817 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 28.3783, -98.4309. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.37832, -98.43088 · 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
10,765 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 10,765 ft.

Completions filed
Mar 1996
1 of 1 wells

1 well

42-31133147710,765 ftMar 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 (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 20260761106.413.05$2,318
Apr 2026181,16398.932.87$5,118
Mar 20261899189.753.15$4,737
Feb 20262046263.503.75$3,003
Jan 2026080759.138.00$6,454
Dec 20252165856.664.41$4,094
Nov 20252263558.593.93$3,782
Oct 2025071959.383.30$2,376
Sep 20252580362.743.08$4,039
Aug 202501,34163.933.01$4,043
Jul 20252781466.743.32$4,501
Jun 202501,96166.483.13$6,135
May 2025371,95160.553.23$8,547
Apr 20253798162.363.54$5,783
Mar 20254778567.704.27$6,533
Feb 2025631,01670.884.34$8,876
Jan 2025291,50774.324.28$8,603
Dec 20242184668.993.12$4,089
Nov 2024062169.052.20$1,365
Oct 2024525171.372.28$929
Sep 202404469.612.36$104
Aug 20244075.632.06$303
Jul 20240079.932.15$0
Jun 202410078.082.63$781
May 202432078.812.20$2,522
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202406173.023.30$201
Dec 2023055871.262.61$1,457
Nov 202301,01977.892.81$2,861
Oct 20235281185.443.09$6,947
Sep 20234561289.042.74$5,681
Aug 2023019480.522.67$519
Jul 20235731974.852.64$5,109
Jun 2023022468.962.26$506
May 2023041170.622.23$915
Apr 2023050978.122.24$1,139
Mar 2023051172.852.39$1,223
Feb 2023062275.112.47$1,534
Jan 2023045576.533.39$1,541
Dec 2022031076.415.73$1,776
Nov 2022083385.005.65$4,703
Oct 2022078587.185.86$4,603
Sep 2022070284.888.16$5,731
Aug 2022050694.529.13$4,618
Jul 202227691101.587.54$7,954
Jun 20220873115.097.98$6,964
May 202211876109.378.43$8,590
Apr 20220794104.226.84$5,429
Mar 202201,073108.885.08$5,447
Feb 2022056291.054.86$2,731
Jan 2022051281.844.54$2,323
Dec 2021048571.323.90$1,891
Nov 2021047677.435.24$2,493
Oct 2021467779.795.71$4,187
Sep 2021081769.865.35$4,372
Aug 2021061166.024.22$2,579
Jul 2021095770.783.98$3,811
Jun 202151,20769.493.38$4,428
May 2021087363.483.02$2,634
Apr 2021045960.362.76$1,266
Mar 202101,13861.302.72$3,092
Feb 2021969957.805.55$4,398
Jan 2021091850.412.81$2,580
Dec 2020097144.642.68$2,598
Nov 20203866338.772.71$3,268
Oct 2020083536.972.48$2,069
Sep 2020082937.091.99$1,651
Aug 2020421,17539.982.39$4,482
Jul 20204393238.371.83$3,351
Jun 2020451,59434.901.69$4,265
May 202001,83816.921.81$3,336
Apr 2020065914.751.80$1,189
Mar 2020501,44030.341.86$4,190
Feb 2020093349.881.98$1,848
Jan 2020521,70057.252.09$6,538
Dec 201901,18159.012.30$2,721
Nov 2019441,17655.302.75$5,668
Oct 201901,11353.472.42$2,692
Sep 2019271,44455.052.66$5,323
Aug 2019028153.112.30$648
Jul 20192636156.272.46$2,351
Jun 2019351,26152.782.49$4,989
May 2019073358.482.74$2,009
Apr 2019321,01862.632.75$4,804
Mar 201901,27156.803.06$3,892
Feb 2019621,33950.852.79$6,891
Jan 2019291,24046.033.23$5,338
Dec 2018291,25646.594.19$6,608
Nov 2018252,09552.934.24$10,200
Oct 2018201,55861.443.40$6,523
Sep 201801,13159.543.11$3,515
Aug 2018089259.403.07$2,735
Jul 201801,08965.142.93$3,193
Jun 201801,49860.183.08$4,609
May 201802,05365.382.90$5,955
Apr 201851,86263.842.90$5,720
Mar 2018578861.222.79$2,502
Feb 2018211,39661.782.77$5,159
Jan 2018073862.874.01$2,959
Dec 20171788257.272.92$3,550
Nov 201701,80055.423.12$5,613
Oct 2017211,00349.292.98$4,028
Sep 2017098647.523.09$3,044
Aug 2017097545.373.00$2,929
Jul 201701,64343.873.09$5,072
Jun 201701,37242.493.09$4,236
May 201731,27845.373.26$4,307
Apr 201701,56847.933.21$5,036
Mar 201771,30746.772.98$4,227
Feb 201701,66450.452.95$4,913
Jan 201701,53049.413.42$5,231
Dec 201601,56848.763.72$5,837
Nov 201601,57242.492.64$4,157
Oct 201601,54746.193.09$4,781
Sep 201621,71641.553.10$5,404
Aug 2016092841.442.92$2,714
Jul 201601,07941.622.92$3,155
Jun 2016069945.352.69$1,877
May 201601,09042.521.99$2,170
Apr 2016097236.561.99$1,935
Mar 201611,45333.011.79$2,640
Feb 201601,17826.472.06$2,431
Jan 201601,43227.352.36$3,386
Dec 201501,46332.362.00$2,928
Nov 201501,39138.792.17$3,015
Oct 201511,23543.552.43$3,040
Sep 201591,47942.992.76$4,467
Aug 2015221,57540.162.87$5,408
Jul 2015201,60548.152.95$5,690
Jun 2015251,57256.152.88$5,936
May 2015201,33155.212.96$5,038
Apr 2015161,30049.822.71$4,316
Mar 2015161,28342.892.93$4,451
Feb 201501,19644.662.98$3,560
Jan 2015241,28743.433.10$5,033
Dec 201401,32854.693.59$4,769
Nov 2014231,22770.464.25$6,838
Oct 2014191,84678.303.90$8,689
Sep 2014192,12786.164.05$10,242
Aug 201402,17189.394.04$8,760
Jul 2014222,62296.564.18$13,083
Jun 2014522,66798.164.74$17,738
May 2014731,72094.734.73$15,045
Apr 2014801,97195.944.81$17,154
Mar 2014701,46995.895.06$14,141
Feb 20141551,25797.406.19$22,880
Jan 2014231,22690.404.86$8,038
Dec 201301,39091.824.35$6,053
Nov 201301,54788.853.74$5,783
Oct 201301,51297.423.78$5,714
Sep 201301,551104.113.72$5,766
Aug 201301,853104.253.52$6,527
Jul 201301,837102.523.72$6,829
Jun 201302,40594.403.93$9,460
May 201302,14094.834.15$8,879
Apr 201301,73393.964.28$7,422
Mar 201301,83593.623.91$7,180
Feb 201301,58591.233.42$5,421
Jan 201301,59791.603.42$5,462
Dec 201201,69986.773.42$5,811
Nov 201201,78486.953.62$6,467
Oct 201201,77689.383.40$6,038
Sep 201201,76194.672.92$5,139
Aug 201201,29092.662.91$3,752
Jul 201201,56385.133.02$4,722
Jun 201201,56079.822.52$3,930
May 201201,54991.612.49$3,854
Apr 201201,719101.652.00$3,433
Mar 201201,780105.052.22$3,955
Feb 201201,547101.102.57$3,976
Jan 201201,75198.092.73$4,787
Dec 201101,71396.873.24$5,550
Nov 201101,74995.723.31$5,791
Oct 201101,66884.983.65$6,086
Sep 201101,38783.623.99$5,528
Aug 201101,61183.404.15$6,685
Jul 201101,62394.144.52$7,331
Jun 201101,21392.904.64$5,628
May 201101,86198.134.40$8,197
Apr 201101,743105.964.33$7,553
Mar 201121,64396.364.06$6,859
Feb 201101,95185.644.18$8,155
Jan 201132,27286.504.59$10,685
Dec 2010202,01185.734.35$10,458
Nov 2010111,98280.843.80$8,412
Oct 2010101,94078.103.51$7,588
Sep 2010192,12472.633.98$9,832
Aug 201092,10873.684.42$9,979
Jul 201002,12472.554.74$10,060
Jun 201091,85370.364.91$9,732
May 2010162,01271.124.24$9,659
Apr 201001,63081.694.12$6,720
Mar 2010181,92878.394.39$9,872
Feb 201001,47273.585.44$8,011
Jan 2010201,74874.365.96$11,912
Dec 2009111,72671.445.48$10,251
Nov 2009231,57374.593.75$7,617
Oct 2009111,98972.544.11$8,973
Sep 2009241,97365.543.06$7,620
Aug 2009122,17967.423.22$7,822
Jul 2009112,24861.133.46$8,461
Jun 2009112,22266.163.90$9,382
May 2009102,27354.743.93$9,471
Apr 200902,14746.773.59$7,702
Mar 2009122,88242.144.06$12,204
Feb 2009122,16832.814.63$10,438
Jan 2009242,13935.865.37$12,349
Dec 200802,49037.105.98$14,883
Nov 2008122,73455.496.86$19,422
Oct 200802,71175.246.92$18,765
Sep 2008121,749101.767.88$14,998
Aug 200802,403114.228.48$20,385
Jul 200802,278131.0811.39$25,945
Jun 2008102,495131.3313.03$33,830
May 200802,696123.1711.57$31,204
Apr 2008122,196110.3110.45$24,283
Mar 200802,466101.909.66$23,832
Feb 2008112,54992.538.77$23,374
Jan 2008202,44590.388.21$21,871
Dec 200702,33688.337.30$17,057
Nov 2007112,22591.677.29$17,232
Oct 2007112,58782.856.92$18,819
Sep 2007102,42775.846.24$15,913
Aug 2007122,99269.066.39$19,941
Jul 2007102,88670.906.39$19,145
Jun 2007202,62362.007.55$21,040
May 200702,65158.747.85$20,800
Apr 2007212,82159.617.81$23,270
Mar 2007102,80056.927.30$21,015
Feb 2007442,63255.108.22$24,049
Jan 2007272,88550.306.73$20,765
Dec 2006313,16256.656.92$23,632
Nov 2006352,98654.207.62$24,643
Oct 2006472,75354.906.01$19,136
Sep 200602,67160.085.04$13,454
Aug 2006312,81268.717.34$22,770
Jul 2006292,84169.376.34$20,032
Jun 2006272,80066.286.38$19,664
May 200602,96166.016.42$19,024
Apr 2006192,72764.397.36$21,295
Mar 2006192,92756.707.08$21,809
Feb 2006222,32557.597.75$19,288
Jan 2006302,76260.598.93$26,492
Dec 2005323,27254.9413.42$45,653
Nov 2005523,34254.6910.59$38,230
Oct 200503,42958.3413.80$47,306
Sep 2005113,40461.4512.08$41,793
Aug 2005143,74061.519.80$37,501
Jul 2005172,35555.697.84$19,419
Jun 2005172,22152.337.38$17,283
May 2005162,21445.226.65$15,449
Apr 2005162,24149.207.36$17,282
Mar 2005292,22850.377.15$17,402
Feb 2005192,05345.226.31$13,818
Jan 2005352,41643.166.32$16,785
Dec 2004932,42439.866.75$20,072
Nov 2004122,41345.286.33$15,819
Oct 2004102,55949.706.52$17,169
Sep 2004102,69143.245.28$14,651
Aug 2004252,61242.375.55$15,558
Jul 2004472,71438.286.08$18,312
Jun 2004263,12536.106.43$21,042
May 2004533,52737.486.49$24,893
Apr 2004553,52234.475.86$22,529
Mar 2004563,80134.365.53$22,944
Feb 2004633,49032.455.51$21,273
Jan 2004613,25232.036.30$22,440
Dec 2003593,27230.266.30$22,404
Nov 2003563,29228.804.60$16,740
Oct 2003283,64428.174.76$18,133
Sep 2003563,46526.314.75$17,930
Aug 2003503,87129.765.13$21,345
Jul 2003473,95129.415.17$21,812
Jun 2003473,84128.565.98$24,323
May 2003694,27326.595.97$27,356
Apr 2003404,04226.675.41$22,923
Mar 2003424,74031.146.10$30,203
Feb 2003784,42233.487.93$37,660
Jan 2003504,40230.315.58$26,088
Dec 2002594,32426.914.85$22,575
Nov 2002454,05224.664.14$17,873
Oct 2002664,21926.464.23$19,589
Sep 2002514,25127.443.64$16,853
Aug 2002434,85925.963.16$16,491
Jul 2002454,23124.583.06$14,060
Jun 2002704,27023.733.34$15,915
May 2002304,47524.663.58$16,778
Apr 2002314,55023.653.51$16,714
Mar 2002785,57822.003.10$19,023
Feb 2002845,18218.222.38$13,841
Jan 2002514,30317.172.38$11,098
Dec 2001925,07416.932.36$13,555
Nov 2001625,77118.072.41$15,003
Oct 2001796,62819.782.53$18,324
Sep 2001565,33324.262.25$13,365
Aug 2001574,97324.873.05$16,601
Jul 2001845,27223.933.20$18,865
Jun 2001525,24624.563.82$21,339
May 2001855,72925.524.31$26,846
Apr 2001765,26124.685.34$29,945
Mar 2001965,59924.545.38$32,459
Feb 2001495,29727.755.77$31,908
Jan 2001545,72127.478.40$49,533
Dec 2000896,13826.889.12$58,386
Nov 20001016,12832.215.66$37,925
Oct 2000926,34531.235.15$35,521
Sep 2000816,46731.875.19$36,123
Aug 2000657,46729.644.54$35,832
Jul 2000617,73228.534.09$33,362
Jun 20001107,68729.304.40$37,025
May 2000679,20527.263.68$35,699
Apr 2000896,04324.513.12$21,011
Mar 20005993428.422.86$4,348
Feb 20001054,73027.622.73$15,796
Jan 2000714,90125.272.48$13,951
Dec 1999663,98824.282.42$11,268
Nov 1999694,56623.192.43$12,714
Oct 1999625,63220.982.80$17,091
Sep 1999424,54821.752.62$12,824
Aug 1999603,86619.262.88$12,273
Jul 1999524,84117.892.37$12,415
Jun 1999714,77315.942.36$12,406
May 19991015,45215.792.32$14,249
Apr 1999585,13715.102.21$12,219
Mar 19991005,88412.471.84$12,064
Feb 1999735,9199.981.82$11,488
Jan 19991196,83010.381.90$14,212
Dec 1998976,9779.201.77$13,265
Nov 19981187,17010.892.19$16,957
Oct 1998837,41412.421.97$15,631
Sep 19981017,33912.592.08$16,556
Aug 19981037,93811.301.91$16,304
Jul 1998758,91711.742.24$20,830
Jun 1998758,57711.242.24$20,032
May 19981008,78812.622.21$20,651
Apr 19981238,31613.042.51$22,438
Mar 19981868,60612.802.31$22,256
Feb 19981197,80113.952.30$19,596
Jan 19981268,83114.702.15$20,881
Dec 19971438,89416.322.41$23,778
Nov 19971459,22218.193.09$31,117
Oct 19971779,84419.253.15$34,414
Sep 199711010,00317.742.95$31,509
Aug 199712410,71617.862.55$29,591
Jul 199711710,75217.582.25$26,216
Jun 199715310,86317.242.26$27,158
May 199719911,64218.972.31$30,651
Apr 199716312,88817.882.08$29,757
Mar 199717711,95418.951.94$26,535
Feb 199719910,87020.492.21$28,056
Jan 199722412,29223.483.54$48,770
Dec 199628715,70823.32$6,693
Nov 199625513,82621.97$5,602
Oct 199627914,41623.31$6,503
Sep 199622415,74222.22$4,977
Aug 199623116,68620.26$4,680
Jul 199631920,38819.55$6,236
Jun 199626721,40618.73$5,001
May 199648824,22619.43$9,482
Apr 199655426,73221.51$11,917
Mar 199645223,68719.38$8,760

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                  761 Mcf  × $  3.05 =     $2,318

────────────────────────────────────────────────────
Month total                                   $2,318

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/157483 is the state's own key, not one this site invented.