MARTINEZ, MERCURCIO ET AL

Operated by VARAS ENERGY OPERATING COMPANY, (P-5 102824) in the LAS OVEJAS (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 144941District 04Field 521697802 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
401
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 25 leases and 25 wells, and the rule below applies to all of them.

Discovered
1981-07-13
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 07/01/97.

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 Gas111993-07-06127632
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
CondensateDisposition15 bbl$227
GasProduction1,783,032 Mcf$3,411,008
Total$3,411,236

981,314 Mcf of this lease's gas, across 47 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 27.2204, -99.1667. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.22043, -99.16671 · 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
11,947 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 11,947 ft.

Completions filed
Jan 1993
1 of 1 wells

1 well

42-50532922311,947 ftJan 1993

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 (401)

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

401 months

May 20260243106.413.05$740
Apr 2026055398.932.87$1,587
Mar 20260089.753.15$0
Feb 2026018563.503.75$694
Jan 2026031159.138.00$2,487
Dec 2025049656.664.41$2,189
Nov 2025023958.593.93$938
Oct 2025047259.383.30$1,560
Sep 2025050162.743.08$1,542
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 2025017266.483.13$538
May 2025046160.553.23$1,490
Apr 2025085862.363.54$3,040
Mar 202501,26967.704.27$5,417
Feb 2025049070.884.34$2,127
Jan 2025090174.324.28$3,855
Dec 2024039368.993.12$1,227
Nov 2024073769.052.20$1,620
Oct 202401,09571.372.28$2,498
Sep 2024096669.612.36$2,284
Aug 2024083075.632.06$1,713
Jul 202401,00179.932.15$2,149
Jun 20240078.082.63$0
May 2024011078.812.20$242
Apr 2024086784.451.66$1,439
Mar 2024030080.301.55$464
Feb 2024097876.091.78$1,744
Jan 202401,14073.023.30$3,759
Dec 2023087171.262.61$2,274
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 2023046589.042.74$1,272
Aug 2023084280.522.67$2,251
Jul 2023078374.852.64$2,069
Jun 2023076068.962.26$1,716
May 2023037070.622.23$824
Apr 2023050578.122.24$1,130
Mar 2023060372.852.39$1,443
Feb 2023061575.112.47$1,516
Jan 2023072776.533.39$2,463
Dec 2022077276.415.73$4,423
Nov 2022067185.005.65$3,789
Oct 2022083187.185.86$4,873
Sep 2022083284.888.16$6,792
Aug 2022084594.529.13$7,712
Jul 20220973101.587.54$7,338
Jun 20220810115.097.98$6,462
May 20220887109.378.43$7,480
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 2022062081.844.54$2,813
Dec 2021063471.323.90$2,472
Nov 2021078377.435.24$4,100
Oct 2021088679.795.71$5,062
Sep 2021085769.865.35$4,586
Aug 202101,03766.024.22$4,377
Jul 202101,07370.783.98$4,273
Jun 202101,32869.493.38$4,489
May 202101,40763.483.02$4,246
Apr 202101,56660.362.76$4,320
Mar 2021049261.302.72$1,337
Feb 2021014157.805.55$782
Jan 202101,30750.412.81$3,673
Dec 202001,32144.642.68$3,534
Nov 202001,26038.772.71$3,410
Oct 202001,50636.972.48$3,733
Sep 2020099737.091.99$1,985
Aug 202001,17639.982.39$2,805
Jul 202001,21338.371.83$2,214
Jun 202001,25734.901.69$2,125
May 202001,23316.921.81$2,238
Apr 202001,34514.751.80$2,427
Mar 202001,26230.341.86$2,343
Feb 202001,16349.881.98$2,304
Jan 202001,31157.252.09$2,746
Dec 201901,25559.012.30$2,892
Nov 201901,20855.302.75$3,323
Oct 201901,24153.472.42$3,001
Sep 201901,23655.052.66$3,284
Aug 201901,28353.112.30$2,956
Jul 201901,30256.272.46$3,203
Jun 201901,29552.782.49$3,226
May 201901,35858.482.74$3,721
Apr 201901,32762.632.75$3,650
Mar 201901,44956.803.06$4,437
Feb 2019099650.852.79$2,781
Jan 201901,33246.033.23$4,300
Dec 201801,38846.594.19$5,809
Nov 201801,46352.934.24$6,199
Oct 201801,46961.443.40$4,992
Sep 201801,37759.543.11$4,280
Aug 201801,79059.403.07$5,489
Jul 201802,40865.142.93$7,060
Jun 201801,33260.183.08$4,098
May 20180065.382.90$0
Apr 201801,49863.842.90$4,345
Mar 201801,63661.222.79$4,559
Feb 201801,54961.782.77$4,285
Jan 201801,54362.874.01$6,186
Dec 201701,74457.272.92$5,095
Nov 201701,63155.423.12$5,086
Oct 201701,70549.292.98$5,087
Sep 201701,86547.523.09$5,758
Aug 201702,19645.373.00$6,598
Jul 201701,07043.873.09$3,303
Jun 20170042.493.09$0
May 2017071645.373.26$2,337
Apr 201702,14447.933.21$6,886
Mar 201702,68046.772.98$7,996
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 201601,48141.553.10$4,592
Aug 201601,90041.442.92$5,556
Jul 201602,00741.622.92$5,869
Jun 201601,97045.352.69$5,291
May 201602,18642.521.99$4,352
Apr 201602,11636.561.99$4,213
Mar 201602,17933.011.79$3,909
Feb 201602,19726.472.06$4,534
Jan 201601,76627.352.36$4,175
Dec 201501,14732.362.00$2,296
Nov 201501,87538.792.17$4,064
Oct 201502,66143.552.43$6,457
Sep 201502,00042.992.76$5,517
Aug 201501,31540.162.87$3,777
Jul 201501,30448.152.95$3,840
Jun 201501,43156.152.88$4,125
May 201501,51055.212.96$4,463
Apr 201502,86549.822.71$7,754
Mar 201502342.892.93$68
Feb 2015059544.662.98$1,771
Jan 2015083143.433.10$2,577
Dec 201401,60154.693.59$5,750
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 2014056289.394.04$2,268
Jul 2014077396.564.18$3,231
Jun 201401,00398.164.74$4,751
May 201402,30494.734.73$10,890
Apr 201402,56595.944.81$12,335
Mar 201402,75395.895.06$13,921
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 201301,08094.403.93$4,248
May 201301,79094.834.15$7,427
Apr 201301,90493.964.28$8,154
Mar 201301,68793.623.91$6,601
Feb 201301,64891.233.42$5,636
Jan 201301,76091.603.42$6,019
Dec 201201,83486.773.42$6,273
Nov 201201,79186.953.62$6,492
Oct 201201,81889.383.40$6,181
Sep 201201,72394.672.92$5,028
Aug 201201,77092.662.91$5,147
Jul 201201,82585.133.02$5,513
Jun 201201,89679.822.52$4,776
May 201202,04991.612.49$5,099
Apr 201202,051101.652.00$4,095
Mar 201201,894105.052.22$4,209
Feb 201201,475101.102.57$3,791
Jan 201201,87898.092.73$5,135
Dec 201101,67196.873.24$5,414
Nov 201101,83695.723.31$6,080
Oct 201101,96084.983.65$7,151
Sep 201101,93283.623.99$7,701
Aug 201102,48183.404.15$10,294
Jul 201102,45794.144.52$11,099
Jun 201102,49192.904.64$11,558
May 201102,75198.134.40$12,118
Apr 201102,391105.964.33$10,361
Mar 201102,66896.364.06$10,825
Feb 201102,48285.644.18$10,375
Jan 201102,63686.504.59$12,096
Dec 201002,68085.734.35$11,652
Nov 201002,83880.843.80$10,771
Oct 201002,53678.103.51$8,899
Sep 201002,88972.633.98$11,497
Aug 201002,93173.684.42$12,953
Jul 201003,08572.554.74$14,612
Jun 201002,82470.364.91$13,867
May 201002,54471.124.24$10,774
Apr 201002,59581.694.12$10,698
Mar 201002,94078.394.39$12,903
Feb 201002,81073.585.44$15,293
Jan 201003,01474.365.96$17,976
Dec 200903,62171.445.48$19,857
Nov 200903,48274.593.75$13,063
Oct 200903,32472.544.11$13,662
Sep 200903,51865.543.06$10,782
Aug 200903,22567.423.22$10,380
Jul 200903,36761.133.46$11,665
Jun 200902,85266.163.90$11,109
May 200902,92154.743.93$11,467
Apr 200902,76346.773.59$9,912
Mar 200902,40742.144.06$9,770
Feb 200901,98432.814.63$9,192
Jan 200902,36735.865.37$12,713
Dec 200802,21337.105.98$13,227
Nov 200802,51955.496.86$17,281
Oct 200802,30975.246.92$15,983
Sep 200802,570101.767.88$20,244
Aug 200802,859114.228.48$24,253
Jul 200803,028131.0811.39$34,487
Jun 200802,869131.3313.03$37,391
May 200803,259123.1711.57$37,721
Apr 200803,330110.3110.45$34,815
Mar 200803,279101.909.66$31,688
Feb 200802,82692.538.77$24,786
Jan 200802,70990.388.21$22,229
Dec 200702,84288.337.30$20,752
Nov 200702,86891.677.29$20,913
Oct 200703,10782.856.92$21,507
Sep 200703,14075.846.24$19,607
Aug 200703,22369.066.39$20,588
Jul 200703,40670.906.39$21,757
Jun 200703,73962.007.55$28,224
May 200703,93258.747.85$30,852
Apr 200703,37559.617.81$26,343
Mar 200703,86956.927.30$28,251
Feb 200702,58355.108.22$21,222
Jan 200702,74050.306.73$18,432
Dec 200602,94956.656.92$20,402
Nov 200603,30754.207.62$25,191
Oct 200602,36254.906.01$14,205
Sep 200602,51360.085.04$12,658
Aug 200603,81768.717.34$28,016
Jul 2006011469.376.34$723
Jun 200601,44266.286.38$9,206
May 200602,06966.016.42$13,293
Apr 2006061364.397.36$4,512
Mar 200601,88456.707.08$13,344
Feb 200603,10957.597.75$24,098
Jan 200603,53460.598.93$31,570
Dec 200508754.9413.42$1,167
Nov 200501,97254.6910.59$20,880
Oct 200502,91558.3413.80$40,215
Sep 200502,90661.4512.08$35,102
Aug 200503,03461.519.80$29,724
Jul 200503,26055.697.84$25,570
Jun 200503,23652.337.38$23,885
May 200502,72845.226.65$18,144
Apr 200502,60549.207.36$19,174
Mar 200502,35150.377.15$16,821
Feb 200502,27145.226.31$14,334
Jan 200502,59543.166.32$16,406
Dec 200402,69939.866.75$18,221
Nov 200402,73845.286.33$17,333
Oct 200402,82249.706.52$18,386
Sep 200402,60243.245.28$13,749
Aug 200402,86242.375.55$15,886
Jul 200402,84438.286.08$17,303
Jun 200402,91536.106.43$18,752
May 200402,39037.486.49$15,522
Apr 200402,85434.475.86$16,720
Mar 200403,03134.365.53$16,762
Feb 200403,05832.455.51$16,848
Jan 200403,52532.036.30$22,206
Dec 200303,25730.266.30$20,524
Nov 200303,16928.804.60$14,562
Oct 200303,76128.174.76$17,901
Sep 200303,92126.314.75$18,622
Aug 200303,92529.765.13$20,134
Jul 200303,47529.415.17$17,969
Jun 200303,28428.565.98$19,648
May 200303,24926.595.97$19,405
Apr 200302,90126.675.41$15,687
Mar 200303,44931.146.10$21,025
Feb 200303,15633.487.93$25,014
Jan 200303,30830.315.58$18,465
Dec 200203,16126.914.85$15,343
Nov 200202,10124.664.14$8,692
Oct 200203,28126.464.23$13,876
Sep 200203,39727.443.64$12,349
Aug 200203,81025.963.16$12,055
Jul 200203,34024.583.06$10,226
Jun 200203,00123.733.34$10,018
May 200203,22924.663.58$11,573
Apr 200203,04823.653.51$10,706
Mar 200203,03022.003.10$9,401
Feb 200203,20018.222.38$7,602
Jan 200203,46217.172.38$8,225
Dec 200103,83316.932.36$9,063
Nov 200103,44818.072.41$8,294
Oct 200103,87519.782.53$9,799
Sep 200103,65924.262.25$8,238
Aug 200103,94924.873.05$12,057
Jul 200103,60823.933.20$11,535
Jun 200103,28624.563.82$12,566
May 200103,35625.524.31$14,455
Apr 200103,11424.685.34$16,614
Mar 200103,18624.545.38$17,129
Feb 200103,16227.755.77$18,236
Jan 200102,98127.478.40$25,037
Dec 200002,94126.889.12$26,829
Nov 200003,27932.215.66$18,553
Oct 200003,43131.235.15$17,654
Sep 200003,55131.875.19$18,417
Aug 200003,70429.644.54$16,819
Jul 200003,66628.534.09$14,993
Jun 200003,61229.304.40$15,883
May 200003,81927.263.68$14,053
Apr 200003,36324.513.12$10,479
Mar 200003,44328.422.86$9,846
Feb 200003,36627.622.73$9,177
Jan 200003,89025.272.48$9,649
Dec 199904,30124.282.42$10,424
Nov 199903,95823.192.43$9,634
Oct 199903,67020.982.80$10,290
Sep 199903,72421.752.62$9,753
Aug 199904,05319.262.88$11,655
Jul 199904,48617.892.37$10,642
Jun 199904,69615.942.36$11,092
May 199905,13015.792.32$11,907
Apr 199905,19115.102.21$11,462
Mar 199905,71212.471.84$10,501
Feb 199904,9909.981.82$9,071
Jan 199905,35710.381.90$10,178
Dec 199805,4749.201.77$9,707
Nov 199805,42810.892.19$11,864
Oct 199806,01312.421.97$11,841
Sep 199806,44512.592.08$13,422
Aug 199807,24611.301.91$13,821
Jul 199802,03711.742.24$4,557
Jun 199803,24411.242.24$7,258
May 199805,34612.622.21$11,795
Apr 199805,45013.042.51$13,654
Mar 199805,65712.802.31$13,065
Feb 199805,34013.952.30$12,277
Jan 199805,30814.702.15$11,438
Dec 199705,73616.322.41$13,830
Nov 199705,88918.193.09$18,187
Oct 199706,25519.253.15$19,702
Sep 199705,64217.742.95$16,671
Aug 199706,92517.862.55$17,692
Jul 199705,84817.582.25$13,140
Jun 199706,30017.242.26$14,220
May 199705,93918.972.31$13,710
Apr 199706,98317.882.08$14,544
Mar 199706,48418.951.94$12,573
Feb 199705,81620.492.21$12,830
Jan 199708,14423.483.54$28,827
Dec 199609,71923.32$0
Nov 199607,96121.97$0
Oct 199607,41423.31$0
Sep 199606,35622.22$0
Aug 199607,72920.26$0
Jul 1996010,33119.55$0
Jun 199609,47718.73$0
May 199608,57719.43$0
Apr 199609,48021.51$0
Mar 1996010,37519.38$0
Feb 199609,52216.98$0
Jan 199609,94617.07$0
Dec 199506,65517.19$0
Nov 1995012,12116.00$0
Oct 1995011,54515.43$0
Sep 199508,88416.18$0
Aug 1995012,31215.92$0
Jul 1995014,80615.24$0
Jun 1995109,02016.41$164
May 1995013,06017.56$0
Apr 1995013,83217.73$0
Mar 1995013,77216.44$0
Feb 1995011,73016.58$0
Jan 1995015,04115.92$0
Dec 1994017,75615.03$0
Nov 1994015,73215.90$0
Oct 1994017,07715.58$0
Sep 1994019,54715.29$0
Aug 1994013,47516.13$0
Jul 1994017,12817.56$0
Jun 1994020,73717.09$0
May 1994024,24615.88$0
Apr 1994025,43514.14$0
Mar 1994027,64412.46$0
Feb 1994033,62012.50$0
Jan 1994536,77612.66$63
Dec 1993030,45212.33$0
Nov 1993036,13414.49$0
Oct 1993038,91215.85$0
Sep 1993039,14715.03$0
Aug 1993040,48415.66$0
Jul 1993040,92715.46$0
Jun 1993039,19116.79$0
May 1993057,43717.68$0
Apr 1993066,64518.05$0
Mar 1993058,07718.14$0
Feb 1993015,07017.90$0
Jan 19930016.93$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  243 Mcf  × $  3.05 =       $740

────────────────────────────────────────────────────
Month total                                     $740

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/144941 is the state's own key, not one this site invented.