SBR

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 198776District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.8 M
Dec 2003 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
270
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 Gas112004-07-07157283
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
CondensateDisposition7,628 bbl$353,954
GasProduction222,233 Mcf$1,404,223
Total$1,758,177

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 28.3537, -98.4759. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.35369, -98.47586 · 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
10,350 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 10,350 ft.

Completions filed
Dec 2003
1 of 1 wells

1 well

42-3113371520410,350 ftDec 2003

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 (270)

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

270 months

May 20263379106.413.05$1,474
Apr 2026139698.932.87$1,235
Mar 2026136189.753.15$1,227
Feb 2026131163.503.75$1,230
Jan 2026143959.138.00$3,570
Dec 2025236556.664.41$1,724
Nov 2025433458.593.93$1,546
Oct 2025437059.383.30$1,460
Sep 2025734662.743.08$1,504
Aug 2025543663.933.01$1,634
Jul 2025648966.743.32$2,022
Jun 2025636366.483.13$1,535
May 20251218860.553.23$1,334
Apr 2025726362.363.54$1,368
Mar 2025111867.704.27$571
Feb 202523970.884.34$311
Jan 2025314274.324.28$831
Dec 2024632168.993.12$1,416
Nov 2024317769.052.20$596
Oct 2024635171.372.28$1,229
Sep 2024820869.612.36$1,049
Aug 2024935575.632.06$1,413
Jul 20241426979.932.15$1,696
Jun 2024823178.082.63$1,233
May 2024432378.812.20$1,025
Apr 20241084.451.66$84
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240673.023.30$20
Dec 2023720071.262.61$1,021
Nov 2023512677.892.81$743
Oct 2023230285.443.09$1,103
Sep 2023237789.042.74$1,209
Aug 2023212380.522.67$490
Jul 2023310574.852.64$502
Jun 202329968.962.26$362
May 202349470.622.23$492
Apr 2023514378.122.24$711
Mar 2023814472.852.39$927
Feb 202365575.112.47$586
Jan 202342776.533.39$398
Dec 202254176.415.73$617
Nov 202299385.005.65$1,290
Oct 202236587.185.86$643
Sep 202227584.888.16$782
Aug 202239894.529.13$1,178
Jul 2022236101.587.54$475
Jun 2022346115.097.98$712
May 2022363109.378.43$859
Apr 2022568104.226.84$986
Mar 2022470108.885.08$791
Feb 202248891.054.86$792
Jan 202248881.844.54$727
Dec 2021410871.323.90$706
Nov 202137377.435.24$615
Oct 2021513579.795.71$1,170
Sep 2021512569.865.35$1,018
Aug 202137566.024.22$515
Jul 2021312170.783.98$694
Jun 202148469.493.38$562
May 2021310563.483.02$507
Apr 2021210660.362.76$413
Mar 202125861.302.72$280
Feb 2021215257.805.55$959
Jan 20210050.412.81$0
Dec 202012244.642.68$104
Nov 202046238.772.71$323
Oct 20201036.972.48$37
Sep 202032137.091.99$153
Aug 202054439.982.39$305
Jul 2020962038.371.83$1,477
Jun 2020743334.901.69$976
May 20200016.921.81$0
Apr 202014114.751.80$89
Mar 20200830.341.86$15
Feb 20201749.881.98$64
Jan 2020649957.252.09$1,389
Dec 2019239259.012.30$1,021
Nov 2019330655.302.75$1,008
Oct 2019518153.472.42$705
Sep 201916655.052.66$230
Aug 2019311053.112.30$413
Jul 201924556.272.46$223
Jun 20191223752.782.49$1,224
May 2019831258.482.74$1,323
Apr 2019628162.632.75$1,149
Mar 20190056.803.06$0
Feb 20191350.852.79$59
Jan 2019311346.033.23$503
Dec 2018417946.594.19$936
Nov 201817352.934.24$362
Oct 201803361.443.40$112
Sep 2018027959.543.11$867
Aug 2018010859.403.07$331
Jul 2018029065.142.93$850
Jun 201809560.183.08$292
May 201806765.382.90$194
Apr 201802863.842.90$81
Mar 201802261.222.79$61
Feb 20180761.782.77$19
Jan 201801162.874.01$44
Dec 20170757.272.92$20
Nov 201701755.423.12$53
Oct 201702049.292.98$60
Sep 20170047.523.09$0
Aug 201701845.373.00$54
Jul 201702143.873.09$65
Jun 201701442.493.09$43
May 201701445.373.26$46
Apr 201702547.933.21$80
Mar 201701946.772.98$57
Feb 201703950.452.95$115
Jan 201703249.413.42$109
Dec 201602348.763.72$86
Nov 201604242.492.64$111
Oct 201602146.193.09$65
Sep 201601241.553.10$37
Aug 201606441.442.92$187
Jul 20160741.622.92$20
Jun 201602745.352.69$73
May 201602342.521.99$46
Apr 201602336.561.99$46
Mar 201601533.011.79$27
Feb 201601026.472.06$21
Jan 20160427.352.36$9
Dec 20150632.362.00$12
Nov 20150538.792.17$11
Oct 20151043.552.43$44
Sep 201561,45142.992.76$4,260
Aug 201519840.162.87$322
Jul 201523848.152.95$208
Jun 2015317456.152.88$670
May 201517855.212.96$286
Apr 201509549.822.71$257
Mar 2015010442.892.93$305
Feb 2015125244.662.98$795
Jan 201505443.433.10$167
Dec 201407554.693.59$269
Nov 2014015970.464.25$676
Oct 201409178.303.90$355
Sep 2014123086.164.05$1,017
Aug 2014114689.394.04$679
Jul 2014135896.564.18$1,593
Jun 2014021298.164.74$1,004
May 2014135594.734.73$1,773
Apr 2014153795.944.81$2,678
Mar 2014154895.895.06$2,867
Feb 201408997.406.19$551
Jan 2014012490.404.86$603
Dec 2013127691.824.35$1,294
Nov 2013133188.853.74$1,326
Oct 2013153097.423.78$2,100
Sep 20131197104.113.72$837
Aug 20131486104.253.52$1,816
Jul 20130397102.523.72$1,476
Jun 2013027894.403.93$1,093
May 2013217694.834.15$920
Apr 2013831093.964.28$2,079
Mar 20131227793.623.91$2,207
Feb 2013824091.233.42$1,551
Jan 20131032891.603.42$2,038
Dec 2012311286.773.42$643
Nov 201236386.953.62$489
Oct 2012719189.383.40$1,275
Sep 20121032394.672.92$1,889
Aug 20121232592.662.91$2,057
Jul 20121032685.133.02$1,836
Jun 20121370179.822.52$2,804
May 2012822491.612.49$1,290
Apr 201213387101.652.00$2,094
Mar 201212472105.052.22$2,309
Feb 20122120101.102.57$511
Jan 2012010898.092.73$295
Dec 201108896.873.24$285
Nov 2011124895.723.31$917
Oct 2011242384.983.65$1,713
Sep 2011120883.623.99$913
Aug 2011015783.404.15$651
Jul 201109994.144.52$447
Jun 201107392.904.64$339
May 2011256598.134.40$2,685
Apr 20111362105.964.33$1,675
Mar 201121,26296.364.06$5,313
Feb 201103085.644.18$125
Jan 2011120986.504.59$1,046
Dec 2010251585.734.35$2,411
Nov 2010258280.843.80$2,371
Oct 2010264178.103.51$2,405
Sep 2010247372.633.98$2,028
Aug 2010119473.684.42$931
Jul 2010123772.554.74$1,195
Jun 2010127070.364.91$1,396
May 2010236371.124.24$1,680
Apr 2010392881.694.12$4,071
Mar 2010347778.394.39$2,329
Feb 20101650473.585.44$3,920
Jan 20101569574.365.96$5,260
Dec 20093787271.445.48$7,425
Nov 20092123574.593.75$2,448
Oct 20095278972.544.11$7,015
Sep 20092881665.543.06$4,336
Aug 2009271,59067.423.22$6,938
Jul 2009119261.133.46$726
Jun 2009127566.163.90$1,137
May 2009136954.743.93$1,503
Apr 2009296146.773.59$3,541
Mar 2009168142.144.06$2,806
Feb 200911,15032.814.63$5,361
Jan 2009182535.865.37$4,467
Dec 2008169337.105.98$4,179
Nov 2008166655.496.86$4,624
Oct 2008195775.246.92$6,700
Sep 200811,137101.767.88$9,058
Aug 200821,498114.228.48$12,936
Jul 20082331131.0811.39$4,032
Jun 20085795131.3313.03$11,018
May 20085957123.1711.57$11,692
Apr 200871,074110.3110.45$12,001
Mar 200881,165101.909.66$12,074
Feb 200891,28892.538.77$12,129
Jan 2008111,25190.388.21$11,260
Dec 2007111,18388.337.30$9,610
Nov 2007141,51891.677.29$12,352
Oct 200721,64282.856.92$11,532
Sep 200721,52575.846.24$9,674
Aug 200741,48269.066.39$9,743
Jul 2007743270.906.39$3,256
Jun 2007688362.007.55$7,037
May 200771,59058.747.85$12,887
Apr 200761,65859.617.81$13,299
Mar 200761,77956.927.30$13,332
Feb 200771,37155.108.22$11,650
Jan 200752,08850.306.73$14,297
Dec 200652,14956.656.92$15,151
Nov 200642,38254.207.62$18,362
Oct 200632,50054.906.01$15,199
Sep 200622,75160.085.04$13,978
Aug 200633,22968.717.34$23,907
Jul 200631,14269.376.34$7,452
Jun 200632,05266.286.38$13,299
May 200632,48166.016.42$16,138
Apr 200632,32964.397.36$17,336
Mar 200632,40956.707.08$17,233
Feb 200632,25557.597.75$17,652
Jan 200632,54660.598.93$22,926
Dec 200532,42354.9413.42$32,670
Nov 200522,56054.6910.59$27,216
Oct 200522,31858.3413.80$32,095
Sep 200532,95861.4512.08$35,914
Aug 200532,55061.519.80$25,166
Jul 200531,86955.697.84$14,827
Jun 200542,94052.337.38$21,910
May 2005263,12845.226.65$21,981
Apr 2005433,31449.207.36$26,508
Mar 2005543,59950.377.15$28,470
Feb 20052473,53045.226.31$33,450
Jan 20058214,21443.166.32$62,076
Dec 20048934,46439.866.75$65,732
Nov 20048244,84545.286.33$67,982
Oct 20048695,60849.706.52$79,726
Sep 20048076,14343.245.28$67,354
Aug 20047277,84342.375.55$74,337
Jul 200484212,48438.286.08$108,187
Jun 200432,45736.106.43$15,914
May 2004444,34337.486.49$29,855
Apr 2004974,76634.475.86$31,265
Mar 20041206,38334.365.53$39,422
Feb 20041105,96832.455.51$36,451
Jan 20041749,49132.036.30$65,363
Dec 200307,19230.266.30$45,321

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             3 bbl  × $106.41 =       $319
Gas                  379 Mcf  × $  3.05 =     $1,154

────────────────────────────────────────────────────
Month total                                   $1,474

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/198776 is the state's own key, not one this site invented.