VELA, J.M.

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the LAREDO (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 101352District 04Field 52025500NGPA filingCondensateGasSaveExport
Value, all time
$652 k
Jan 1993 – Apr 2012
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
232
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 281 leases and 281 wells, and the rule below applies to all of them.

Discovered
1976-02-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1976-02-01.

The Commission's schedule remark for this field reads: SURVEYS.

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
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
CondensateDisposition1,312 bbl$32,453
GasProduction404,819 Mcf$619,194
Total$651,646

239,402 Mcf of this lease's gas, across 48 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 27.2964, -99.3592. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.29641, -99.35919 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,200 ft
1 wells filed one
Completion to plug
29.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 10,200 ft.

Completions filed
Jul 1982
1 of 1 wells
Plug dates filed
Sep 2011
1 of 1 wells

Last completion to plug: a median of 29.2 years across the 1 well that filed both dates, with the middle half between 29.2 years and 29.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-50531479510,200 ftJul 1982Sep 2011Yes

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 (232)

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

232 months

Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 201186096.873.24$8,331
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 2006042368.717.34$3,105
Jul 2006079169.376.34$5,017
Jun 2006083066.286.38$5,299
May 2006090366.016.42$5,802
Apr 2006089164.397.36$6,558
Mar 2006098056.707.08$6,941
Feb 200601,48157.597.75$11,479
Jan 200601,09460.598.93$9,773
Dec 2005086554.9413.42$11,604
Nov 200502,03254.6910.59$21,516
Oct 2005055558.3413.80$7,657
Sep 2005059261.4512.08$7,151
Aug 2005062361.519.80$6,103
Jul 2005063855.697.84$5,004
Jun 2005063552.337.38$4,687
May 2005060145.226.65$3,997
Apr 2005073349.207.36$5,395
Mar 2005031350.377.15$2,239
Feb 2005059745.226.31$3,768
Jan 2005086643.166.32$5,475
Dec 2004085739.866.75$5,786
Nov 2004080245.286.33$5,077
Oct 2004071149.706.52$4,632
Sep 2004071943.245.28$3,799
Aug 2004080742.375.55$4,479
Jul 2004050838.286.08$3,091
Jun 2004066136.106.43$4,252
May 2004079837.486.49$5,183
Apr 2004089834.475.86$5,261
Mar 200401,88634.365.53$10,430
Feb 200401,30032.455.51$7,163
Jan 2004020632.036.30$1,298
Dec 2003019230.266.30$1,210
Nov 2003073628.804.60$3,382
Oct 2003010228.174.76$485
Sep 2003017826.314.75$845
Aug 2003056329.765.13$2,888
Jul 2003071429.415.17$3,692
Jun 2003038628.565.98$2,309
May 2003041426.595.97$2,473
Apr 2003032326.675.41$1,747
Mar 200301,11731.146.10$6,809
Feb 2003051633.487.93$4,090
Jan 200301,10430.315.58$6,163
Dec 2002096726.914.85$4,694
Nov 200201,22724.664.14$5,076
Oct 2002024226.464.23$1,023
Sep 2002034627.443.64$1,258
Aug 2002087525.963.16$2,769
Jul 2002062324.583.06$1,907
Jun 200201,07823.733.34$3,599
May 200201,41924.663.58$5,086
Apr 200201,21923.653.51$4,282
Mar 2002040222.003.10$1,247
Feb 200201,06418.222.38$2,528
Jan 200201,12117.172.38$2,663
Dec 200101,62016.932.36$3,830
Nov 2001071518.072.41$1,720
Oct 200101,52619.782.53$3,859
Sep 200101,20124.262.25$2,704
Aug 200102,60024.873.05$7,938
Jul 200101,00023.933.20$3,197
Jun 200101,04624.563.82$4,000
May 200101,75125.524.31$7,542
Apr 200101,82424.685.34$9,732
Mar 2001045524.545.38$2,446
Feb 2001090627.755.77$5,225
Jan 200101,60227.478.40$13,455
Dec 200001,37426.889.12$12,534
Nov 200001,54932.215.66$8,764
Oct 200001,00631.235.15$5,176
Sep 200011,09531.875.19$5,711
Aug 200014787529.644.54$8,330
Jul 200001,18228.534.09$4,834
Jun 200001,25329.304.40$5,510
May 200001,09027.263.68$4,011
Apr 200001,22824.513.12$3,826
Mar 200001,12628.422.86$3,220
Feb 200001,11827.622.73$3,048
Jan 200001,30025.272.48$3,225
Dec 199902,04724.282.42$4,961
Nov 1999087423.192.43$2,127
Oct 199901,48120.982.80$4,152
Sep 1999097521.752.62$2,553
Aug 199922,04419.262.88$5,916
Jul 1999098817.892.37$2,344
Jun 1999101,42715.942.36$3,530
May 199901,44215.792.32$3,347
Apr 199901,39115.102.21$3,071
Mar 199901,45712.471.84$2,678
Feb 199901,2729.981.82$2,312
Jan 199902,00010.381.90$3,800
Dec 199801,7229.201.77$3,054
Nov 199802,50610.892.19$5,477
Oct 1998087012.421.97$1,713
Sep 199801,31512.592.08$2,739
Aug 199801,47811.301.91$2,819
Jul 199803,89811.742.24$8,721
Jun 199801,33811.242.24$2,993
May 199802,86812.622.21$6,328
Apr 199802,71613.042.51$6,804
Mar 199804,67712.802.31$10,801
Feb 199804,07013.952.30$9,357
Jan 199801,18314.702.15$2,549
Dec 199701,62716.322.41$3,923
Nov 199702,50018.193.09$7,721
Oct 199702,98119.253.15$9,390
Sep 19971553,06617.742.95$11,809
Aug 199704,10617.862.55$10,490
Jul 199703,61817.582.25$8,129
Jun 199705,08217.242.26$11,471
May 199704,07218.972.31$9,400
Apr 199706,48017.882.08$13,496
Mar 199703,79618.951.94$7,361
Feb 199703,38120.492.21$7,458
Jan 199704,70323.483.54$16,647
Dec 199605,30323.32$0
Nov 19961855,18121.97$4,064
Oct 199606,35823.31$0
Sep 199605,74122.22$0
Aug 199607,16020.26$0
Jul 199607,40919.55$0
Jun 199606,42618.73$0
May 199602,25319.43$0
Apr 19961863,76121.51$4,001
Mar 199605,18919.38$0
Feb 199604,28116.98$0
Jan 199604,56217.07$0
Dec 199504,16717.19$0
Nov 199505,68016.00$0
Oct 199507,07915.43$0
Sep 199503,82616.18$0
Aug 199504,29915.92$0
Jul 19951715,11115.24$2,606
Jun 199504,63716.41$0
May 199504,71017.56$0
Apr 199505,49317.73$0
Mar 199503,41016.44$0
Feb 199504,89016.58$0
Jan 199506,13715.92$0
Dec 19941765,39615.03$2,645
Nov 199403,15615.90$0
Oct 199404,29915.58$0
Sep 199442,92715.29$61
Aug 199424,11416.13$32
Jul 199402,61917.56$0
Jun 199404,92317.09$0
May 199404,35915.88$0
Apr 199401,77014.14$0
Mar 199405,12812.46$0
Feb 199404,39012.50$0
Jan 199406,17312.66$0
Dec 199306,04112.33$0
Nov 199304,69414.49$0
Oct 199304,12015.85$0
Sep 199305,24815.03$0
Aug 199306,54015.66$0
Jul 199306,08615.46$0
Jun 199305,77416.79$0
May 199307,26917.68$0
Apr 19931873,80918.05$3,375
Mar 199305,94018.14$0
Feb 199305,20417.90$0
Jan 199306,36016.93$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.

Dec 2011 — as filed, then multipliedworked
Condensate            86 bbl  × $ 96.87 =     $8,331
Gas                    0 Mcf  × $  3.24 =         $0

────────────────────────────────────────────────────
Month total                                   $8,331

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. 04/G/101352 is the state's own key, not one this site invented.