WR "K"

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 162048District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.5 M
Feb 1997 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
352
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 Gas111997-04-23136416
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
CondensateDisposition10,363 bbl$242,585
GasProduction335,569 Mcf$1,224,031
Total$1,466,616

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 28.4032, -98.4229. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.40315, -98.42291 · 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
10,714 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 10,714 ft.

1 well

42-31133333510,714 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 (352)

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

352 months

May 20265183106.413.05$1,089
Apr 202604298.932.87$121
Mar 2026022489.753.15$705
Feb 202606763.503.75$251
Jan 2026123659.138.00$1,947
Dec 2025035156.664.41$1,549
Nov 20251358.593.93$70
Oct 20250159.383.30$3
Sep 20252062.743.08$125
Aug 20252063.933.01$128
Jul 20253066.743.32$200
Jun 20257066.483.13$465
May 2025172060.553.23$1,094
Apr 20252423662.363.54$2,333
Mar 2025822167.704.27$1,485
Feb 2025831770.884.34$1,943
Jan 2025914474.324.28$1,285
Dec 20241116568.993.12$1,274
Nov 2024060269.052.20$1,323
Oct 202440071.372.28$2,855
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20241712479.932.15$1,625
Jun 2024011078.082.63$290
May 20240678.812.20$13
Apr 20240084.451.66$0
Mar 202433080.301.55$2,650
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023133374.852.64$1,060
Jun 2023401468.962.26$2,790
May 202303370.622.23$74
Apr 2023164978.122.24$1,360
Mar 202397772.852.39$840
Feb 2023013975.112.47$343
Jan 202365376.533.39$639
Dec 202256976.415.73$777
Nov 202257685.005.65$854
Oct 202205787.185.86$334
Sep 202274784.888.16$978
Aug 20221223794.529.13$3,297
Jul 2022493101.587.54$1,108
Jun 2022085115.097.98$678
May 2022136109.378.43$413
Apr 202210104.226.84$104
Mar 2022137108.885.08$297
Feb 2022213891.054.86$853
Jan 2022424381.844.54$1,430
Dec 2021311771.323.90$670
Nov 2021036877.435.24$1,927
Oct 20211079.795.71$80
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20219069.493.38$625
May 2021010463.483.02$314
Apr 2021109260.362.76$857
Mar 2021017261.302.72$467
Feb 20211615257.805.55$1,768
Jan 2021018750.412.81$526
Dec 20202214344.642.68$1,365
Nov 2020014138.772.71$382
Oct 2020012536.972.48$310
Sep 20201916837.091.99$1,039
Aug 2020452239.982.39$1,852
Jul 202007538.371.83$137
Jun 20207510534.901.69$2,795
May 202009316.921.81$169
Apr 202086914.751.80$243
Mar 20201317330.341.86$716
Feb 202009549.881.98$188
Jan 2020226457.252.09$1,394
Dec 20193720459.012.30$2,653
Nov 20191417455.302.75$1,253
Oct 2019920553.472.42$977
Sep 2019918755.052.66$992
Aug 2019148053.112.30$928
Jul 2019023056.272.46$566
Jun 20191323352.782.49$1,267
May 2019147058.482.74$1,011
Apr 2019149262.632.75$1,130
Mar 2019010356.803.06$315
Feb 2019158550.852.79$1,000
Jan 201908746.033.23$281
Dec 2018209946.594.19$1,346
Nov 20182015852.934.24$1,728
Oct 20182121061.443.40$2,004
Sep 201807759.543.11$239
Aug 20182212459.403.07$1,687
Jul 20182215565.142.93$1,888
Jun 20183919060.183.08$2,932
May 201809165.382.90$264
Apr 20182327863.842.90$2,275
Mar 2018135861.222.79$958
Feb 2018014461.782.77$398
Jan 2018039062.874.01$1,564
Dec 20170057.272.92$0
Nov 20172055.423.12$111
Oct 20173049.292.98$148
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 201703945.373.26$127
Apr 201786647.933.21$595
Mar 201703746.772.98$110
Feb 201796250.452.95$637
Jan 201707049.413.42$239
Dec 2016131848.763.72$701
Nov 201602742.492.64$71
Oct 20163118346.193.09$1,997
Sep 201603841.553.10$118
Aug 201607641.442.92$222
Jul 20168612241.622.92$3,936
Jun 2016034545.352.69$927
May 20164842442.521.99$2,885
Apr 2016032736.561.99$651
Mar 201618135833.011.79$6,617
Feb 20162243026.472.06$1,470
Jan 201604027.352.36$95
Dec 201529732.362.00$259
Nov 20150038.792.17$0
Oct 201514043.552.43$610
Sep 2015164142.992.76$801
Aug 2015274940.162.87$1,225
Jul 2015243848.152.95$1,268
Jun 2015276856.152.88$1,712
May 2015678355.212.96$3,944
Apr 20152320149.822.71$1,690
Mar 20151816442.892.93$1,253
Feb 2015122344.662.98$708
Jan 2015016543.433.10$512
Dec 2014031354.693.59$1,124
Nov 2014014170.464.25$600
Oct 2014035878.303.90$1,397
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 201406096.564.18$251
Jun 201402198.164.74$99
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013118391.824.35$1,371
Nov 20131816588.853.74$2,216
Oct 2013014597.423.78$548
Sep 201300104.113.72$0
Aug 2013093104.253.52$328
Jul 20130165102.523.72$613
Jun 20130094.403.93$0
May 201301294.834.15$50
Apr 201305893.964.28$248
Mar 2013011193.623.91$434
Feb 201308391.233.42$284
Jan 2013011191.603.42$380
Dec 20120086.773.42$0
Nov 20120386.953.62$11
Oct 201207689.383.40$258
Sep 201203494.672.92$99
Aug 20120092.662.91$0
Jul 2012015685.133.02$471
Jun 2012023879.822.52$600
May 2012031991.612.49$794
Apr 20120329101.652.00$657
Mar 20120320105.052.22$711
Feb 20120268101.102.57$689
Jan 2012032998.092.73$900
Dec 2011035596.873.24$1,150
Nov 2011034395.723.31$1,136
Oct 201105084.983.65$182
Sep 201106083.623.99$239
Aug 2011039983.404.15$1,656
Jul 2011040794.144.52$1,839
Jun 2011041492.904.64$1,921
May 2011034098.134.40$1,498
Apr 20110490105.964.33$2,123
Mar 2011051096.364.06$2,069
Feb 2011062885.644.18$2,625
Jan 2011067186.504.59$3,079
Dec 2010051585.734.35$2,239
Nov 2010050880.843.80$1,928
Oct 2010063878.103.51$2,239
Sep 2010148772.633.98$2,011
Aug 2010076573.684.42$3,381
Jul 2010148372.554.74$2,360
Jun 2010164470.364.91$3,233
May 2010165071.124.24$2,824
Apr 2010149481.694.12$2,118
Mar 2010150878.394.39$2,308
Feb 2010150473.585.44$2,817
Jan 2010147074.365.96$2,877
Dec 2009151971.445.48$2,918
Nov 2009045774.593.75$1,714
Oct 2009148072.544.11$2,045
Sep 2009056265.543.06$1,722
Aug 2009258067.423.22$2,002
Jul 2009558561.133.46$2,332
Jun 2009550066.163.90$2,278
May 2009659554.743.93$2,664
Apr 2009356646.773.59$2,171
Mar 2009372742.144.06$3,077
Feb 2009250232.814.63$2,391
Jan 2009266335.865.37$3,633
Dec 2008258837.105.98$3,589
Nov 2008071755.496.86$4,919
Oct 2008068475.246.92$4,735
Sep 20081655101.767.88$5,261
Aug 20080458114.228.48$3,885
Jul 20081586131.0811.39$6,805
Jun 20081461131.3313.03$6,139
May 20082622123.1711.57$7,446
Apr 20082640110.3110.45$6,912
Mar 20081601101.909.66$5,910
Feb 2008116892.538.77$1,566
Jan 2008119290.388.21$1,666
Dec 2007177188.337.30$5,718
Nov 2007155791.677.29$4,153
Oct 2007175182.856.92$5,281
Sep 2007153875.846.24$3,435
Aug 2007182669.066.39$5,346
Jul 2007472970.906.39$4,940
Jun 20071060962.007.55$5,217
May 20071465558.747.85$5,962
Apr 2007452559.617.81$4,336
Mar 2007167856.927.30$5,008
Feb 2007167955.108.22$5,634
Jan 2007178650.306.73$5,338
Dec 2006284356.656.92$5,946
Nov 2006278054.207.62$6,050
Oct 20061086054.906.01$5,721
Sep 20061988560.085.04$5,599
Aug 20062182268.717.34$7,476
Jul 20061790269.376.34$6,900
Jun 20061297266.286.38$7,000
May 20062297966.016.42$7,742
Apr 2006211,04464.397.36$9,037
Mar 20061998056.707.08$8,019
Feb 2006894157.597.75$7,755
Jan 20061096960.598.93$9,262
Dec 200571,14154.9413.42$15,692
Nov 2005111,07954.6910.59$12,026
Oct 200571,05158.3413.80$14,908
Sep 200521,11261.4512.08$13,555
Aug 200531,18161.519.80$11,755
Jul 2005275355.697.84$6,018
Jun 2005272452.337.38$5,449
May 2005276045.226.65$5,145
Apr 2005381949.207.36$6,176
Mar 2005784550.377.15$6,398
Feb 2005476645.226.31$5,016
Jan 2005784443.166.32$5,638
Dec 20041482839.866.75$6,148
Nov 20041262745.286.33$4,513
Oct 20041068649.706.52$4,966
Sep 20041084543.245.28$4,897
Aug 20041292142.375.55$5,621
Jul 20041388138.286.08$5,858
Jun 2004981736.106.43$5,581
May 2004111,03737.486.49$7,147
Apr 2004898934.475.86$6,070
Mar 2004798534.365.53$5,688
Feb 2004692332.455.51$5,280
Jan 200451,00132.036.30$6,466
Dec 200311,06930.266.30$6,767
Nov 200311,02428.804.60$4,734
Oct 200311,10728.174.76$5,297
Sep 200311,01626.314.75$4,852
Aug 200321,03329.765.13$5,359
Jul 200341,13329.415.17$5,976
Jun 2003695928.565.98$5,909
May 200371,17826.595.97$7,222
Apr 200341,41326.675.41$7,747
Mar 200311,30031.146.10$7,956
Feb 200311,38333.487.93$10,995
Jan 200391,18130.315.58$6,865
Dec 2002261,05626.914.85$5,825
Nov 200281,25824.664.14$5,402
Oct 2002111,86326.464.23$8,170
Sep 2002121,90427.443.64$7,251
Aug 2002132,11925.963.16$7,042
Jul 200281,64624.583.06$5,236
Jun 200261,45523.733.34$5,000
May 200271,40424.663.58$5,205
Apr 200271,38523.653.51$5,030
Mar 200251,19822.003.10$3,827
Feb 200241,05818.222.38$2,586
Jan 200211,31617.172.38$3,144
Dec 200121,28016.932.36$3,060
Nov 200111,07918.072.41$2,614
Oct 200131,77019.782.53$4,535
Sep 200111,13824.262.25$2,586
Aug 2001296824.873.05$3,005
Jul 200131,08223.933.20$3,531
Jun 200111,16724.563.82$4,487
May 2001284025.524.31$3,669
Apr 200111,03924.685.34$5,568
Mar 200111,07924.545.38$5,826
Feb 200121,47427.755.77$8,556
Jan 200181,57827.478.40$13,473
Dec 200043,51126.889.12$32,137
Nov 200032,22032.215.66$12,657
Oct 2000285331.235.15$4,452
Sep 2000142,02431.875.19$10,944
Aug 2000272,26629.644.54$11,090
Jul 2000222,20928.534.09$9,662
Jun 2000142,67729.304.40$12,182
May 2000412,21027.263.68$9,250
Apr 2000321,70624.513.12$6,100
Mar 2000361,88028.422.86$6,399
Feb 2000932,56127.622.73$9,551
Jan 2000792,83325.272.48$9,024
Dec 1999482,89724.282.42$8,187
Nov 1999712,88523.192.43$8,669
Oct 1999923,68920.982.80$12,273
Sep 1999693,73521.752.62$11,282
Aug 19991324,41319.262.88$15,232
Jul 19991514,66717.892.37$13,773
Jun 19991134,88215.942.36$13,333
May 19991934,34915.792.32$13,142
Apr 19991274,37615.102.21$11,580
Mar 19991445,33412.471.84$11,601
Feb 19991644,6009.981.82$9,999
Jan 19992115,93110.381.90$13,459
Dec 19982427,4279.201.77$15,397
Nov 19981748,12410.892.19$19,652
Oct 19981448,05712.421.97$17,654
Sep 19981195,31512.592.08$12,567
Aug 19981917,36211.301.91$16,200
Jul 19982528,12911.742.24$21,145
Jun 19983019,25211.242.24$24,082
May 199850011,08112.622.21$30,758
Apr 199856112,06813.042.51$37,550
Mar 1998782,52512.802.31$6,830
Feb 19981002,57313.952.30$7,311
Jan 19981132,38214.702.15$6,794
Dec 19972712,69216.322.41$10,913
Nov 19972782,20918.193.09$11,879
Oct 19971763,01819.253.15$12,894
Sep 19971423,87117.742.95$13,957
Aug 19971983,72117.862.55$13,042
Jul 19972813,90417.582.25$13,712
Jun 19972824,51617.242.26$15,055
May 19974264,59618.972.31$18,691
Apr 19973894,19517.882.08$15,693
Mar 19977737,06518.951.94$28,348
Feb 19973633,15120.492.21$14,389

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             5 bbl  × $106.41 =       $532
Gas                  183 Mcf  × $  3.05 =       $557

────────────────────────────────────────────────────
Month total                                   $1,089

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/162048 is the state's own key, not one this site invented.