R. BRACKEN

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 266276District 01Field 002565002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.9 M
Jan 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
173
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 Gas112014-04-16212461
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
CondensateDisposition1,249 bbl$118,512
GasProduction904,214 Mcf$2,777,204
Total$2,895,716

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 28.2947, -98.4796. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.29471, -98.47955 · 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
11,089 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 11,089 ft.

Completions filed
Jul 2012
1 of 1 wells

1 well

42-3113450341H11,089 ftJul 2012

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 (173)

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

173 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
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 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20181065.382.90$65
Apr 20181063.842.90$64
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 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20163048.763.72$146
Nov 201601,23642.492.64$3,268
Oct 201602,94846.193.09$9,110
Sep 201614,62241.553.10$14,373
Aug 201605,14941.442.92$15,057
Jul 201605,44141.622.92$15,911
Jun 201605,48145.352.69$14,721
May 201606,04342.521.99$12,032
Apr 201606,05336.561.99$12,052
Mar 201606,28633.011.79$11,277
Feb 201606,11726.472.06$12,623
Jan 201606,67227.352.36$15,775
Dec 201506,97932.362.00$13,968
Nov 201515,55838.792.17$12,085
Oct 201517,24043.552.43$17,612
Sep 201506,83042.992.76$18,840
Aug 201507,85140.162.87$22,552
Jul 201505,23948.152.95$15,429
Jun 201506,13456.152.88$17,683
May 201506,07755.212.96$17,960
Apr 201504,97149.822.71$13,454
Mar 201504,36042.892.93$12,795
Feb 201503,47344.662.98$10,336
Jan 201504,47343.433.10$13,869
Dec 201406,54154.693.59$23,491
Nov 201406,41770.464.25$27,284
Oct 201408,23178.303.90$32,109
Sep 201407,94686.164.05$32,145
Aug 201418,21489.394.04$33,234
Jul 201407,98596.564.18$33,374
Jun 201419,20298.164.74$43,687
May 201499,16094.734.73$44,148
Apr 2014238,74195.944.81$44,243
Mar 20141510,56495.895.06$54,858
Feb 2014199,84097.406.19$62,780
Jan 20142711,89590.404.86$60,259
Dec 20132412,80391.824.35$57,954
Nov 20132512,25688.853.74$48,038
Oct 20138814,33197.423.78$62,735
Sep 201311012,196104.113.72$56,794
Aug 20132314,686104.253.52$54,131
Jul 20132315,283102.523.72$59,176
Jun 20132015,86594.403.93$64,292
May 20131315,92294.834.15$67,294
Apr 20132716,25093.964.28$72,129
Mar 20135418,34693.623.91$76,841
Feb 20132718,33991.233.42$65,181
Jan 20134916,58591.603.42$61,208
Dec 20123917,82886.773.42$64,359
Nov 20126318,83686.953.62$73,758
Oct 201210927,48889.383.40$103,193
Sep 20122631,46994.672.92$94,301
Aug 20122336,21692.662.91$107,453
Jul 20126040,09385.133.02$126,221
Jun 20123638,45779.822.52$99,748
May 20125156,63791.612.49$145,603
Apr 20127274,538101.652.00$156,156
Mar 2012125114,003105.052.22$266,455
Feb 20125935,818101.102.57$98,026
Jan 20120098.092.73$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 2018 — as filed, then multipliedworked
Condensate             1 bbl  × $ 65.38 =        $65
Gas                    0 Mcf  × $  2.90 =         $0

────────────────────────────────────────────────────
Month total                                      $65

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/266276 is the state's own key, not one this site invented.