VELA, J.M.

Name: VELA, J.M. lease production and value, Mar 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BASHARA-HEREFORD (7300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 144944District 04Field 059936002 tax incentive programmesCondensateGasSave Export

Value, all time

$1.0 M

Mar 1993 – May 2018

Value, last 12 filed months

at the published price for each month

Months reported

303

no gaps in the span

Streams

condensate, gas

The BASHARA-HEREFORD (7300) field

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 182 leases and 182 wells, and the rule below applies to all of them.

Discovered

1986-07-30

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: “ALLOCATION FORMULA SUSPENDED EFFECTIVE 2/1/94.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	2	2	2001-08-23 – 2002-09-10	2 dockets
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	259 bbl	$19,080
Gas	Production	420,392 Mcf	$989,056
Total			$1,008,137

202,731 Mcf of this lease's gas, across 45 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 27.2836, -99.3773. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.28357, -99.37728 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

0.0%

0 of 1 wells

Median depth

8,900 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

1100.0%

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.

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 8,900 ft.

Completions filed

Jun 2016

1 of 1 wells

1 well


42-50532014	7	8,900 ft	Jun 2016	—	Yes

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 (303)

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

303 months


May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	8	0	41.62	2.92	$333
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	526	42.52	1.99	$1,047
Apr 2016	0	480	36.56	1.99	$956
Mar 2016	10	540	33.01	1.79	$1,299
Feb 2016	0	626	26.47	2.06	$1,292
Jan 2016	0	469	27.35	2.36	$1,109
Dec 2015	0	479	32.36	2.00	$959
Nov 2015	0	395	38.79	2.17	$856
Oct 2015	0	324	43.55	2.43	$786
Sep 2015	0	225	42.99	2.76	$621
Aug 2015	0	205	40.16	2.87	$589
Jul 2015	0	273	48.15	2.95	$804
Jun 2015	0	324	56.15	2.88	$934
May 2015	0	225	55.21	2.96	$665
Apr 2015	0	245	49.82	2.71	$663
Mar 2015	0	326	42.89	2.93	$957
Feb 2015	0	281	44.66	2.98	$836
Jan 2015	0	411	43.43	3.10	$1,274
Dec 2014	0	621	54.69	3.59	$2,230
Nov 2014	0	178	70.46	4.25	$757
Oct 2014	0	244	78.30	3.90	$952
Sep 2014	0	57	86.16	4.05	$231
Aug 2014	0	38	89.39	4.04	$153
Jul 2014	0	55	96.56	4.18	$230
Jun 2014	0	63	98.16	4.74	$298
May 2014	0	89	94.73	4.73	$421
Apr 2014	0	167	95.94	4.81	$803
Mar 2014	0	93	95.89	5.06	$470
Feb 2014	0	166	97.40	6.19	$1,028
Jan 2014	0	140	90.40	4.86	$681
Dec 2013	0	95	91.82	4.35	$414
Nov 2013	0	54	88.85	3.74	$202
Oct 2013	0	43	97.42	3.78	$163
Sep 2013	0	74	104.11	3.72	$275
Aug 2013	0	83	104.25	3.52	$292
Jul 2013	0	188	102.52	3.72	$699
Jun 2013	10	0	94.40	3.93	$944
May 2013	0	110	94.83	4.15	$456
Apr 2013	0	105	93.96	4.28	$450
Mar 2013	0	198	93.62	3.91	$775
Feb 2013	0	86	91.23	3.42	$294
Jan 2013	0	91	91.60	3.42	$311
Dec 2012	0	130	86.77	3.42	$445
Nov 2012	0	373	86.95	3.62	$1,352
Oct 2012	0	363	89.38	3.40	$1,234
Sep 2012	0	178	94.67	2.92	$519
Aug 2012	0	209	92.66	2.91	$608
Jul 2012	0	205	85.13	3.02	$619
Jun 2012	0	130	79.82	2.52	$327
May 2012	0	257	91.61	2.49	$640
Apr 2012	0	159	101.65	2.00	$317
Mar 2012	0	290	105.05	2.22	$644
Feb 2012	0	298	101.10	2.57	$766
Jan 2012	0	90	98.09	2.73	$246
Dec 2011	0	127	96.87	3.24	$411
Nov 2011	0	362	95.72	3.31	$1,199
Oct 2011	0	94	84.98	3.65	$343
Sep 2011	0	161	83.62	3.99	$642
Aug 2011	0	245	83.40	4.15	$1,017
Jul 2011	0	170	94.14	4.52	$768
Jun 2011	0	193	92.90	4.64	$896
May 2011	0	256	98.13	4.40	$1,128
Apr 2011	0	221	105.96	4.33	$958
Mar 2011	0	287	96.36	4.06	$1,164
Feb 2011	0	105	85.64	4.18	$439
Jan 2011	0	143	86.50	4.59	$656
Dec 2010	0	144	85.73	4.35	$626
Nov 2010	0	120	80.84	3.80	$455
Oct 2010	0	170	78.10	3.51	$597
Sep 2010	0	121	72.63	3.98	$482
Aug 2010	0	179	73.68	4.42	$791
Jul 2010	0	149	72.55	4.74	$706
Jun 2010	0	168	70.36	4.91	$825
May 2010	0	240	71.12	4.24	$1,016
Apr 2010	0	141	81.69	4.12	$581
Mar 2010	0	114	78.39	4.39	$500
Feb 2010	0	163	73.58	5.44	$887
Jan 2010	0	183	74.36	5.96	$1,091
Dec 2009	0	207	71.44	5.48	$1,135
Nov 2009	0	182	74.59	3.75	$683
Oct 2009	0	208	72.54	4.11	$855
Sep 2009	0	207	65.54	3.06	$634
Aug 2009	0	286	67.42	3.22	$920
Jul 2009	0	230	61.13	3.46	$797
Jun 2009	0	292	66.16	3.90	$1,137
May 2009	0	182	54.74	3.93	$714
Apr 2009	0	213	46.77	3.59	$764
Mar 2009	0	232	42.14	4.06	$942
Feb 2009	0	197	32.81	4.63	$913
Jan 2009	0	250	35.86	5.37	$1,343
Dec 2008	0	303	37.10	5.98	$1,811
Nov 2008	0	336	55.49	6.86	$2,305
Oct 2008	0	390	75.24	6.92	$2,700
Sep 2008	0	417	101.76	7.88	$3,285
Aug 2008	0	463	114.22	8.48	$3,928
Jul 2008	0	541	131.08	11.39	$6,162
Jun 2008	0	489	131.33	13.03	$6,373
May 2008	125	597	123.17	11.57	$22,306
Apr 2008	0	518	110.31	10.45	$5,416
Mar 2008	0	492	101.90	9.66	$4,755
Feb 2008	0	447	92.53	8.77	$3,920
Jan 2008	0	490	90.38	8.21	$4,021
Dec 2007	0	494	88.33	7.30	$3,607
Nov 2007	0	627	91.67	7.29	$4,572
Oct 2007	0	671	82.85	6.92	$4,645
Sep 2007	0	670	75.84	6.24	$4,184
Aug 2007	0	700	69.06	6.39	$4,472
Jul 2007	0	701	70.90	6.39	$4,478
Jun 2007	0	598	62.00	7.55	$4,514
May 2007	0	764	58.74	7.85	$5,995
Apr 2007	0	389	59.61	7.81	$3,036
Mar 2007	0	720	56.92	7.30	$5,257
Feb 2007	0	662	55.10	8.22	$5,439
Jan 2007	0	835	50.30	6.73	$5,617
Dec 2006	0	743	56.65	6.92	$5,140
Nov 2006	0	935	54.20	7.62	$7,122
Oct 2006	0	700	54.90	6.01	$4,210
Sep 2006	0	920	60.08	5.04	$4,634
Aug 2006	0	1,056	68.71	7.34	$7,751
Jul 2006	0	1,066	69.37	6.34	$6,761
Jun 2006	0	1,440	66.28	6.38	$9,193
May 2006	0	1,156	66.01	6.42	$7,427
Apr 2006	0	1,330	64.39	7.36	$9,789
Mar 2006	0	1,288	56.70	7.08	$9,123
Feb 2006	0	1,229	57.59	7.75	$9,526
Jan 2006	0	1,359	60.59	8.93	$12,140
Dec 2005	0	1,579	54.94	13.42	$21,183
Nov 2005	0	1,415	54.69	10.59	$14,983
Oct 2005	0	1,435	58.34	13.80	$19,797
Sep 2005	0	1,728	61.45	12.08	$20,873
Aug 2005	0	1,046	61.51	9.80	$10,247
Jul 2005	0	1,253	55.69	7.84	$9,828
Jun 2005	0	1,410	52.33	7.38	$10,407
May 2005	0	1,559	45.22	6.65	$10,369
Apr 2005	0	1,219	49.20	7.36	$8,972
Mar 2005	0	1,304	50.37	7.15	$9,330
Feb 2005	0	1,093	45.22	6.31	$6,899
Jan 2005	0	1,164	43.16	6.32	$7,359
Dec 2004	0	681	39.86	6.75	$4,597
Nov 2004	0	570	45.28	6.33	$3,608
Oct 2004	0	1,482	49.70	6.52	$9,655
Sep 2004	0	1,273	43.24	5.28	$6,726
Aug 2004	0	880	42.37	5.55	$4,885
Jul 2004	0	894	38.28	6.08	$5,439
Jun 2004	0	1,595	36.10	6.43	$10,261
May 2004	0	1,841	37.48	6.49	$11,957
Apr 2004	0	1,598	34.47	5.86	$9,362
Mar 2004	0	1,750	34.36	5.53	$9,678
Feb 2004	0	1,425	32.45	5.51	$7,851
Jan 2004	0	1,548	32.03	6.30	$9,752
Dec 2003	0	1,169	30.26	6.30	$7,367
Nov 2003	0	1,696	28.80	4.60	$7,793
Oct 2003	0	1,730	28.17	4.76	$8,234
Sep 2003	0	1,879	26.31	4.75	$8,924
Aug 2003	0	1,244	29.76	5.13	$6,381
Jul 2003	0	1,044	29.41	5.17	$5,398
Jun 2003	0	1,722	28.56	5.98	$10,303
May 2003	0	1,486	26.59	5.97	$8,875
Apr 2003	0	1,627	26.67	5.41	$8,798
Mar 2003	0	1,217	31.14	6.10	$7,419
Feb 2003	0	1,207	33.48	7.93	$9,567
Jan 2003	0	1,801	30.31	5.58	$10,053
Dec 2002	0	1,511	26.91	4.85	$7,334
Nov 2002	0	1,303	24.66	4.14	$5,390
Oct 2002	0	1,592	26.46	4.23	$6,733
Sep 2002	0	1,935	27.44	3.64	$7,034
Aug 2002	0	1,399	25.96	3.16	$4,427
Jul 2002	0	1,926	24.58	3.06	$5,897
Jun 2002	0	1,854	23.73	3.34	$6,189
May 2002	0	2,063	24.66	3.58	$7,394
Apr 2002	0	1,413	23.65	3.51	$4,963
Mar 2002	0	1,628	22.00	3.10	$5,051
Feb 2002	0	998	18.22	2.38	$2,371
Jan 2002	0	2,217	17.17	2.38	$5,267
Dec 2001	0	1,281	16.93	2.36	$3,029
Nov 2001	0	2,171	18.07	2.41	$5,222
Oct 2001	0	1,357	19.78	2.53	$3,432
Sep 2001	0	2,064	24.26	2.25	$4,647
Aug 2001	0	1,477	24.87	3.05	$4,510
Jul 2001	0	1,390	23.93	3.20	$4,444
Jun 2001	0	1,899	24.56	3.82	$7,262
May 2001	0	2,451	25.52	4.31	$10,557
Apr 2001	0	1,303	24.68	5.34	$6,952
Mar 2001	0	2,033	24.54	5.38	$10,930
Feb 2001	0	1,522	27.75	5.77	$8,778
Jan 2001	0	1,133	27.47	8.40	$9,516
Dec 2000	0	1,276	26.88	9.12	$11,640
Nov 2000	0	1,508	32.21	5.66	$8,532
Oct 2000	0	1,534	31.23	5.15	$7,893
Sep 2000	0	1,502	31.87	5.19	$7,790
Aug 2000	0	1,903	29.64	4.54	$8,641
Jul 2000	0	2,272	28.53	4.09	$9,292
Jun 2000	0	1,849	29.30	4.40	$8,131
May 2000	0	2,249	27.26	3.68	$8,276
Apr 2000	0	1,579	24.51	3.12	$4,920
Mar 2000	0	1,658	28.42	2.86	$4,741
Feb 2000	0	1,870	27.62	2.73	$5,099
Jan 2000	0	2,051	25.27	2.48	$5,088
Dec 1999	0	1,960	24.28	2.42	$4,750
Nov 1999	0	1,357	23.19	2.43	$3,303
Oct 1999	64	2,322	20.98	2.80	$7,853
Sep 1999	0	1,165	21.75	2.62	$3,051
Aug 1999	0	2,222	19.26	2.88	$6,390
Jul 1999	0	1,435	17.89	2.37	$3,404
Jun 1999	0	1,593	15.94	2.36	$3,763
May 1999	0	2,037	15.79	2.32	$4,728
Apr 1999	0	2,164	15.10	2.21	$4,778
Mar 1999	0	2,245	12.47	1.84	$4,127
Feb 1999	0	1,858	9.98	1.82	$3,377
Jan 1999	0	2,095	10.38	1.90	$3,980
Dec 1998	0	2,271	9.20	1.77	$4,027
Nov 1998	0	2,134	10.89	2.19	$4,664
Oct 1998	0	2,249	12.42	1.97	$4,429
Sep 1998	0	2,024	12.59	2.08	$4,215
Aug 1998	0	2,272	11.30	1.91	$4,334
Jul 1998	0	2,764	11.74	2.24	$6,184
Jun 1998	0	1,835	11.24	2.24	$4,105
May 1998	0	1,330	12.62	2.21	$2,934
Apr 1998	0	1,480	13.04	2.51	$3,708
Mar 1998	0	1,902	12.80	2.31	$4,393
Feb 1998	0	1,464	13.95	2.30	$3,366
Jan 1998	0	1,335	14.70	2.15	$2,877
Dec 1997	0	1,369	16.32	2.41	$3,301
Nov 1997	0	1,733	18.19	3.09	$5,352
Oct 1997	0	2,004	19.25	3.15	$6,312
Sep 1997	0	1,800	17.74	2.95	$5,319
Aug 1997	0	1,427	17.86	2.55	$3,646
Jul 1997	0	1,164	17.58	2.25	$2,615
Jun 1997	0	1,116	17.24	2.26	$2,519
May 1997	27	877	18.97	2.31	$2,537
Apr 1997	0	840	17.88	2.08	$1,750
Mar 1997	0	806	18.95	1.94	$1,563
Feb 1997	0	1,305	20.49	2.21	$2,879
Jan 1997	0	1,420	23.48	3.54	$5,026
Dec 1996	0	1,577	23.32	—	$0
Nov 1996	0	1,663	21.97	—	$0
Oct 1996	0	1,759	23.31	—	$0
Sep 1996	0	2,002	22.22	—	$0
Aug 1996	0	1,802	20.26	—	$0
Jul 1996	0	2,931	19.55	—	$0
Jun 1996	0	2,581	18.73	—	$0
May 1996	0	2,702	19.43	—	$0
Apr 1996	0	2,219	21.51	—	$0
Mar 1996	0	2,476	19.38	—	$0
Feb 1996	0	2,584	16.98	—	$0
Jan 1996	0	2,468	17.07	—	$0
Dec 1995	0	3,040	17.19	—	$0
Nov 1995	0	2,845	16.00	—	$0
Oct 1995	10	2,960	15.43	—	$154
Sep 1995	0	2,983	16.18	—	$0
Aug 1995	0	3,375	15.92	—	$0
Jul 1995	0	3,169	15.24	—	$0
Jun 1995	0	3,260	16.41	—	$0
May 1995	0	3,238	17.56	—	$0
Apr 1995	0	3,193	17.73	—	$0
Mar 1995	0	3,553	16.44	—	$0
Feb 1995	0	3,361	16.58	—	$0
Jan 1995	0	3,867	15.92	—	$0
Dec 1994	2	3,646	15.03	—	$30
Nov 1994	0	3,334	15.90	—	$0
Oct 1994	0	3,522	15.58	—	$0
Sep 1994	0	3,482	15.29	—	$0
Aug 1994	0	3,859	16.13	—	$0
Jul 1994	0	3,994	17.56	—	$0
Jun 1994	0	4,165	17.09	—	$0
May 1994	0	4,173	15.88	—	$0
Apr 1994	0	4,068	14.14	—	$0
Mar 1994	0	4,893	12.46	—	$0
Feb 1994	3	4,859	12.50	—	$38
Jan 1994	0	6,688	12.66	—	$0
Dec 1993	0	6,766	12.33	—	$0
Nov 1993	0	6,364	14.49	—	$0
Oct 1993	0	7,393	15.85	—	$0
Sep 1993	0	6,616	15.03	—	$0
Aug 1993	0	8,436	15.66	—	$0
Jul 1993	0	9,026	15.46	—	$0
Jun 1993	0	10,096	16.79	—	$0
May 1993	0	15,462	17.68	—	$0
Apr 1993	0	16,281	18.05	—	$0
Mar 1993	0	0	18.14	—	$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.

Jul 2016 — as filed, then multipliedworked

Condensate             8 bbl  × $ 41.62 =       $333
Gas                    0 Mcf  × $  2.92 =         $0

────────────────────────────────────────────────────
Month total                                     $333

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/144944 is the state's own key, not one this site invented.