VELA, J. M.

Operated by CHEVRON U. S. A. INC. (P-5 148113) 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 147099District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.1 M
Oct 1993 – Sep 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
216
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112001-08-21144602
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
CondensateDisposition2,637 bbl$72,064
GasProduction2,583,318 Mcf$2,029,473
Total$2,101,537

2,049,047 Mcf of this lease's gas, across 39 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 27.2853, -99.3629. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.28532, -99.36293 · 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
8,880 ft
1 wells filed one
Completion to plug
17.9 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 8,880 ft.

Completions filed
Oct 1993
1 of 1 wells
Plug dates filed
Sep 2011
1 of 1 wells

Last completion to plug: a median of 17.9 years across the 1 well that filed both dates, with the middle half between 17.9 years and 17.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-5053308288,880 ftOct 1993Sep 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 (216)

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

216 months

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 2007044255.108.22$3,631
Jan 200708650.306.73$579
Dec 2006050956.656.92$3,521
Nov 200601,48354.207.62$11,297
Oct 200602,03854.906.01$12,256
Sep 2006411,93860.085.04$12,225
Aug 200602,60868.717.34$19,143
Jul 2006682,49169.376.34$20,517
Jun 200602,57566.286.38$16,438
May 200602,67366.016.42$17,174
Apr 200602,43264.397.36$17,901
Mar 2006612,55556.707.08$21,556
Feb 200605,14657.597.75$39,887
Jan 2006325,23660.598.93$48,714
Dec 2005842,82454.9413.42$42,500
Nov 2005472,68054.6910.59$30,947
Oct 2005133,05158.3413.80$42,849
Sep 2005113,14261.4512.08$38,628
Aug 2005123,29061.519.80$32,970
Jul 2005193,31355.697.84$27,044
Jun 2005613,19652.337.38$26,782
May 2005253,31445.226.65$23,172
Apr 2005403,58249.207.36$28,333
Mar 2005313,32350.377.15$25,337
Feb 2005303,46645.226.31$23,234
Jan 2005303,51043.166.32$23,486
Dec 2004683,61539.866.75$27,116
Nov 2004453,43345.286.33$23,770
Oct 200403,23949.706.52$21,102
Sep 200453,44743.245.28$18,430
Aug 200463,55342.375.55$19,976
Jul 200463,41238.286.08$20,989
Jun 2004113,43436.106.43$22,488
May 2004113,53837.486.49$23,390
Apr 2004453,64434.475.86$22,899
Mar 200404,48934.365.53$24,825
Feb 200403,58332.455.51$19,741
Jan 2004143,86332.036.30$24,784
Dec 200303,74330.266.30$23,587
Nov 200303,48528.804.60$16,014
Oct 200303,86928.174.76$18,415
Sep 200303,73526.314.75$17,739
Aug 200303,98129.765.13$20,421
Jul 200304,04829.415.17$20,932
Jun 200333,84228.565.98$23,072
May 200304,17126.595.97$24,912
Apr 200304,10126.675.41$22,175
Mar 200304,45331.146.10$27,146
Feb 200304,05033.487.93$32,100
Jan 200304,85430.315.58$27,095
Dec 200204,24926.914.85$20,624
Nov 200204,28024.664.14$17,706
Oct 200204,76926.464.23$20,169
Sep 200205,38127.443.64$19,561
Aug 200206,52525.963.16$20,646
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20011027.755.77$28
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20002029.644.54$59
Jul 20006028.534.09$171
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 200022028.422.86$625
Feb 20000027.622.73$0
Jan 2000045225.272.48$1,121
Dec 1999517,53824.282.42$19,508
Nov 199907,45223.192.43$18,138
Oct 1999337,18020.982.80$20,823
Sep 199906,57721.752.62$17,224
Aug 199907,51619.262.88$21,613
Jul 199907,79317.892.37$18,488
Jun 1999367,73215.942.36$18,838
May 1999338,03915.792.32$19,180
Apr 199907,66615.102.21$16,927
Mar 199908,34512.471.84$15,341
Feb 199907,2669.981.82$13,208
Jan 1999458,20610.381.90$16,058
Dec 199808,7009.201.77$15,428
Nov 1998427,97410.892.19$17,886
Oct 199809,11512.421.97$17,949
Sep 1998149,05212.592.08$19,028
Aug 199809,40511.301.91$17,939
Jul 1998149,38111.742.24$21,152
Jun 199808,98111.242.24$20,093
May 1998139,08112.622.21$20,200
Apr 199809,97113.042.51$24,981
Mar 19982910,47312.802.31$24,558
Feb 199808,58513.952.30$19,738
Jan 1998159,60414.702.15$20,915
Dec 199709,47516.322.41$22,845
Nov 199709,29118.193.09$28,693
Oct 19971310,09319.253.15$32,041
Sep 19971310,70617.742.95$31,866
Aug 19971510,46217.862.55$26,996
Jul 1997010,92817.582.25$24,555
Jun 19971410,92117.242.26$24,892
May 1997013,42518.972.31$30,992
Apr 19971513,79417.882.08$28,998
Mar 19972914,72718.951.94$29,107
Feb 19971414,75520.492.21$32,835
Jan 19971715,92123.483.54$56,755
Dec 19961516,98123.32$350
Nov 19961618,07521.97$352
Oct 19961519,66523.31$350
Sep 19961521,69922.22$333
Aug 19961524,08420.26$304
Jul 19963126,64719.55$606
Jun 19961524,00318.73$281
May 19961427,75619.43$272
Apr 19964526,07421.51$968
Mar 19961529,58919.38$291
Feb 19963032,75916.98$509
Jan 19963135,70817.07$529
Dec 19953038,91817.19$516
Nov 19952940,73516.00$464
Oct 19954444,44915.43$679
Sep 19954844,15716.18$777
Aug 19953845,94515.92$605
Jul 19957947,46415.24$1,204
Jun 1995045,06016.41$0
May 19956159,94017.56$1,071
Apr 1995059,03117.73$0
Mar 19954663,34516.44$756
Feb 19955255,68716.58$862
Jan 1995065,13615.92$0
Dec 19945869,63215.03$872
Nov 19945793,68615.90$906
Oct 1994071,31515.58$0
Sep 19945873,10215.29$887
Aug 19945777,38716.13$919
Jul 19945877,49617.56$1,018
Jun 1994082,85817.09$0
May 199412289,04015.88$1,937
Apr 199412677,17914.14$1,782
Mar 1994077,82812.46$0
Feb 199411271,30812.50$1,400
Jan 1994076,30812.66$0
Dec 1993078,10912.33$0
Nov 1993079,95814.49$0
Oct 1993040,93415.85$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.

Feb 2007 — as filed, then multipliedworked
Condensate             0 bbl  × $ 55.10 =         $0
Gas                  442 Mcf  × $  8.22 =     $3,631

────────────────────────────────────────────────────
Month total                                   $3,631

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/147099 is the state's own key, not one this site invented.