VELA, J. M.

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 149168District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.7 M
Apr 1994 – May 2026
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
386
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 Gas112001-08-21144604
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
CondensateDisposition2,161 bbl$60,725
GasProduction2,937,980 Mcf$3,644,903
Total$3,705,628

2,010,256 Mcf of this lease's gas, across 33 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 27.2807, -99.3779. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.28066, -99.37788 · 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
8,802 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 8,802 ft.

Completions filed
Jun 1996
1 of 1 wells

1 well

42-50533166108,802 ftJun 1996

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 (386)

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

386 months

May 20260192106.413.05$585
Apr 2026018598.932.87$531
Mar 2026018389.753.15$576
Feb 2026018963.503.75$709
Jan 2026020359.138.00$1,624
Dec 2025020156.664.41$887
Nov 2025029858.593.93$1,170
Oct 2025030859.383.30$1,018
Sep 2025029762.743.08$914
Aug 2025031663.933.01$953
Jul 2025032866.743.32$1,087
Jun 2025032666.483.13$1,020
May 2025035160.553.23$1,135
Apr 2025037062.363.54$1,311
Mar 2025046067.704.27$1,963
Feb 2025045770.884.34$1,984
Jan 2025014074.324.28$599
Dec 2024020468.993.12$637
Nov 2024019269.052.20$422
Oct 2024031371.372.28$714
Sep 2024035569.612.36$839
Aug 2024046475.632.06$958
Jul 2024050279.932.15$1,078
Jun 2024011578.082.63$303
May 2024011678.812.20$255
Apr 2024013584.451.66$224
Mar 202409080.301.55$139
Feb 2024011976.091.78$212
Jan 2024017373.023.30$571
Dec 2023014071.262.61$366
Nov 2023013777.892.81$385
Oct 2023021385.443.09$658
Sep 2023027989.042.74$763
Aug 2023030580.522.67$815
Jul 2023033474.852.64$882
Jun 2023030268.962.26$682
May 2023021470.622.23$477
Apr 2023019978.122.24$445
Mar 2023036472.852.39$871
Feb 2023034975.112.47$861
Jan 2023027176.533.39$918
Dec 2022032976.415.73$1,885
Nov 2022042885.005.65$2,417
Oct 2022018487.185.86$1,079
Sep 2022014784.888.16$1,200
Aug 2022014194.529.13$1,287
Jul 20220151101.587.54$1,139
Jun 20220152115.097.98$1,213
May 20220203109.378.43$1,712
Apr 20220284104.226.84$1,942
Mar 20220276108.885.08$1,401
Feb 2022029791.054.86$1,443
Jan 2022025581.844.54$1,157
Dec 2021037871.323.90$1,474
Nov 2021024277.435.24$1,267
Oct 2021027379.795.71$1,560
Sep 2021014469.865.35$771
Aug 2021020166.024.22$848
Jul 2021022570.783.98$896
Jun 2021055269.493.38$1,866
May 2021038563.483.02$1,162
Apr 2021021760.362.76$599
Mar 2021019161.302.72$519
Feb 2021018957.805.55$1,049
Jan 2021028450.412.81$798
Dec 2020028344.642.68$757
Nov 2020024938.772.71$674
Oct 2020036936.972.48$915
Sep 2020019337.091.99$384
Aug 2020012839.982.39$305
Jul 2020010038.371.83$183
Jun 2020015934.901.69$269
May 2020044916.921.81$815
Apr 2020037014.751.80$668
Mar 2020028130.341.86$522
Feb 202008749.881.98$172
Jan 2020023257.252.09$486
Dec 2019022559.012.30$518
Nov 2019022155.302.75$608
Oct 2019025353.472.42$612
Sep 2019034455.052.66$914
Aug 2019025353.112.30$583
Jul 2019025356.272.46$622
Jun 2019047952.782.49$1,193
May 2019021658.482.74$592
Apr 2019024362.632.75$668
Mar 2019014156.803.06$432
Feb 2019012350.852.79$343
Jan 2019015646.033.23$504
Dec 2018014946.594.19$624
Nov 2018012852.934.24$542
Oct 2018015661.443.40$530
Sep 2018014059.543.11$435
Aug 2018012259.403.07$374
Jul 2018013365.142.93$390
Jun 2018013160.183.08$403
May 2018016865.382.90$487
Apr 2018014863.842.90$429
Mar 2018015061.222.79$418
Feb 2018013761.782.77$379
Jan 2018016962.874.01$678
Dec 2017018857.272.92$549
Nov 2017017555.423.12$546
Oct 2017016949.292.98$504
Sep 2017014447.523.09$445
Aug 2017013645.373.00$409
Jul 2017014643.873.09$451
Jun 2017015742.493.09$485
May 2017015045.373.26$490
Apr 2017012447.933.21$398
Mar 2017015746.772.98$468
Feb 2017013350.452.95$393
Jan 2017016749.413.42$571
Dec 2016020448.763.72$759
Nov 2016014342.492.64$378
Oct 2016017946.193.09$553
Sep 2016016841.553.10$521
Aug 2016016541.442.92$483
Jul 2016817241.622.92$836
Jun 2016019745.352.69$529
May 2016018442.521.99$366
Apr 2016018436.561.99$366
Mar 20161117133.011.79$670
Feb 2016010826.472.06$223
Jan 2016018527.352.36$437
Dec 2015014932.362.00$298
Nov 2015013038.792.17$282
Oct 2015013943.552.43$337
Sep 2015013342.992.76$367
Aug 2015011140.162.87$319
Jul 2015084548.152.95$2,489
Jun 2015041556.152.88$1,196
May 2015067255.212.96$1,986
Apr 2015068649.822.71$1,857
Mar 2015056742.892.93$1,664
Feb 2015055044.662.98$1,637
Jan 2015026143.433.10$809
Dec 2014021154.693.59$758
Nov 2014012570.464.25$531
Oct 2014021778.303.90$847
Sep 2014013286.164.05$534
Aug 201409689.394.04$387
Jul 2014019996.564.18$832
Jun 2014011398.164.74$535
May 201406394.734.73$298
Apr 2014017195.944.81$822
Mar 2014011195.895.06$561
Feb 201407697.406.19$471
Jan 2014024590.404.86$1,191
Dec 201301,87491.824.35$8,160
Nov 201309388.853.74$348
Oct 2013015397.423.78$578
Sep 2013075104.113.72$279
Aug 20130139104.253.52$490
Jul 20130118102.523.72$439
Jun 2013011994.403.93$468
May 2013012394.834.15$510
Apr 201306893.964.28$291
Mar 2013012193.623.91$473
Feb 2013010691.233.42$363
Jan 201308691.603.42$294
Dec 201209686.773.42$328
Nov 201207986.953.62$286
Oct 2012012189.383.40$411
Sep 2012012694.672.92$368
Aug 2012013492.662.91$390
Jul 201209685.133.02$290
Jun 2012012579.822.52$315
May 2012010491.612.49$259
Apr 20120132101.652.00$264
Mar 20120143105.052.22$318
Feb 20120111101.102.57$285
Jan 2012016798.092.73$457
Dec 2011012896.873.24$415
Nov 2011011295.723.31$371
Oct 2011015484.983.65$562
Sep 2011013983.623.99$554
Aug 2011017783.404.15$734
Jul 2011012494.144.52$560
Jun 2011014192.904.64$654
May 2011041598.134.40$1,828
Apr 20110830105.964.33$3,597
Mar 201101,28696.364.06$5,218
Feb 2011094685.644.18$3,954
Jan 201101,13486.504.59$5,204
Dec 201001,35585.734.35$5,891
Nov 201002,36980.843.80$8,991
Oct 201002,85578.103.51$10,018
Sep 201002,65072.633.98$10,546
Aug 201002,65773.684.42$11,742
Jul 201002,76072.554.74$13,073
Jun 201002,69070.364.91$13,209
May 201002,93271.124.24$12,418
Apr 201002,39881.694.12$9,886
Mar 201002,41378.394.39$10,590
Feb 201002,34273.585.44$12,746
Jan 201002,81174.365.96$16,765
Dec 200902,79871.445.48$15,344
Nov 200903,00074.593.75$11,255
Oct 200902,96172.544.11$12,170
Sep 200902,91365.543.06$8,928
Aug 200902,82067.423.22$9,076
Jul 200902,93261.133.46$10,158
Jun 200903,11366.163.90$12,125
May 200902,46454.743.93$9,673
Apr 200903,42046.773.59$12,269
Mar 200903,07642.144.06$12,485
Feb 200902,05832.814.63$9,535
Jan 200902,28235.865.37$12,257
Dec 200802,56637.105.98$15,337
Nov 200802,90055.496.86$19,895
Oct 200801,19275.246.92$8,251
Sep 200801,786101.767.88$14,068
Aug 200802,651114.228.48$22,488
Jul 200801,593131.0811.39$18,143
Jun 200801,417131.3313.03$18,467
May 200801,399123.1711.57$16,192
Apr 200801,674110.3110.45$17,501
Mar 200801,639101.909.66$15,839
Feb 200801,56892.538.77$13,752
Jan 200801,85590.388.21$15,222
Dec 200702,10788.337.30$15,385
Nov 200701,90291.677.29$13,869
Oct 200701,91782.856.92$13,269
Sep 200702,28175.846.24$14,243
Aug 200702,14669.066.39$13,709
Jul 200701,27970.906.39$8,170
Jun 200701,65862.007.55$12,515
May 200702,15158.747.85$16,877
Apr 200703,61759.617.81$28,231
Mar 200703,06256.927.30$22,359
Feb 200701,61455.108.22$13,261
Jan 200701,84150.306.73$12,384
Dec 200623,08856.656.92$21,477
Nov 200634,18254.207.62$32,019
Oct 200603,44754.906.01$20,730
Sep 2006026860.085.04$1,350
Aug 2006033668.717.34$2,466
Jul 200602,00269.376.34$12,698
Jun 200601,94666.286.38$12,423
May 200602,49066.016.42$15,998
Apr 200602,10564.397.36$15,494
Mar 2006232,36456.707.08$18,048
Feb 200602,64657.597.75$20,509
Jan 2006434,38060.598.93$41,733
Dec 2005882,59154.9413.42$39,594
Nov 2005261,77054.6910.59$20,163
Oct 200531,72458.3413.80$23,959
Sep 2005121,96061.4512.08$24,412
Aug 2005211,89161.519.80$19,818
Jul 2005242,61155.697.84$21,816
Jun 2005613,58352.337.38$29,638
May 2005252,98945.226.65$21,011
Apr 2005403,63849.207.36$28,745
Mar 2005312,83450.377.15$21,838
Feb 2005303,53345.226.31$23,657
Jan 2005302,98043.166.32$20,135
Dec 2004682,87739.866.75$22,133
Nov 2004453,99845.286.33$27,347
Oct 200403,65249.706.52$23,793
Sep 200453,49743.245.28$18,694
Aug 200463,72442.375.55$20,925
Jul 200464,56738.286.08$28,016
Jun 2004113,95536.106.43$25,840
May 2004114,18337.486.49$27,579
Apr 2004473,17034.475.86$20,191
Mar 200404,21734.365.53$23,321
Feb 200403,10632.455.51$17,113
Jan 2004204,38132.036.30$28,239
Dec 200304,33330.266.30$27,305
Nov 200303,95728.804.60$18,183
Oct 200303,67228.174.76$17,477
Sep 200303,70026.314.75$17,573
Aug 200303,54129.765.13$18,164
Jul 200303,64829.415.17$18,863
Jun 200384,02528.565.98$24,310
May 200304,08626.595.97$24,404
Apr 200303,63026.675.41$19,628
Mar 200303,75731.146.10$22,903
Feb 200303,53333.487.93$28,002
Jan 200303,82530.315.58$21,351
Dec 200204,53926.914.85$22,031
Nov 2002264,26724.664.14$18,294
Oct 200204,75426.464.23$20,105
Sep 200203,76827.443.64$13,697
Aug 200204,97625.963.16$15,745
Jul 200204,62924.583.06$14,173
Jun 200204,57323.733.34$15,266
May 200204,81924.663.58$17,271
Apr 2002424,38023.653.51$16,377
Mar 200205,47522.003.10$16,987
Feb 200204,13718.222.38$9,828
Jan 200204,80717.172.38$11,420
Dec 200104,96816.932.36$11,746
Nov 2001524,46418.072.41$11,678
Oct 200104,65919.782.53$11,782
Sep 200104,00924.262.25$9,026
Aug 200105,10724.873.05$15,592
Jul 200104,89123.933.20$15,637
Jun 200105,45324.563.82$20,853
May 200106,27225.524.31$27,016
Apr 200106,20124.685.34$33,084
Mar 200105,83924.545.38$31,393
Feb 2001745,33927.755.77$32,844
Jan 200106,14727.478.40$51,627
Dec 200006,62626.889.12$60,446
Nov 200006,93332.215.66$39,227
Oct 200007,33131.235.15$37,722
Sep 200006,95131.875.19$36,051
Aug 2000286,86229.644.54$31,989
Jul 2000506,48028.534.09$27,928
Jun 200006,97929.304.40$30,688
May 200007,63627.263.68$28,099
Apr 200008,12124.513.12$25,305
Mar 2000426,71128.422.86$20,385
Feb 200006,22627.622.73$16,975
Jan 200006,23925.272.48$15,476
Dec 1999417,54824.282.42$19,290
Nov 199907,04923.192.43$17,157
Oct 1999267,15220.982.80$20,598
Sep 199906,12621.752.62$16,043
Aug 199907,32419.262.88$21,061
Jul 199907,83517.892.37$18,588
Jun 1999297,64315.942.36$18,516
May 1999278,16015.792.32$19,366
Apr 199907,95115.102.21$17,556
Mar 199909,09512.471.84$16,720
Feb 199907,8119.981.82$14,199
Jan 1999468,57710.381.90$16,773
Dec 1998010,1109.201.77$17,928
Nov 1998428,04210.892.19$18,035
Oct 1998010,72912.421.97$21,128
Sep 19981410,27212.592.08$21,569
Aug 1998011,25411.301.91$21,465
Jul 1998149,42011.742.24$21,239
Jun 1998010,72411.242.24$23,992
May 1998138,59612.622.21$19,130
Apr 1998010,61013.042.51$26,582
Mar 19982713,19112.802.31$30,809
Feb 1998011,22113.952.30$25,799
Jan 19981212,87814.702.15$27,926
Dec 1997013,41916.322.41$32,355
Nov 1997012,81018.193.09$39,561
Oct 1997715,70519.253.15$49,603
Sep 1997814,98817.742.95$44,430
Aug 1997715,49517.862.55$39,711
Jul 1997017,03017.582.25$38,265
Jun 1997715,49217.242.26$35,089
May 1997016,57118.972.31$38,254
Apr 1997818,43317.882.08$38,535
Mar 19971419,92218.951.94$38,897
Feb 1997714,55120.492.21$32,241
Jan 1997923,37323.483.54$82,945
Dec 1996823,90223.32$187
Nov 1996732,33221.97$154
Oct 1996828,45423.31$186
Sep 1996720,63522.22$156
Aug 1996621,79220.26$122
Jul 19961224,85419.55$235
Jun 1996615,62018.73$112
May 1996618,18319.43$117
Apr 19962024,29321.51$430
Mar 1996723,86519.38$136
Feb 19961521,77716.98$255
Jan 19961526,38017.07$256
Dec 19951532,84617.19$258
Nov 19951429,26316.00$224
Oct 19952239,13615.43$339
Sep 19952438,54016.18$388
Aug 19951932,25015.92$302
Jul 19953944,36715.24$594
Jun 1995045,66316.41$0
May 19954055,78017.56$702
Apr 1995058,57017.73$0
Mar 19954669,51116.44$756
Feb 19955267,30516.58$862
Jan 1995082,59315.92$0
Dec 19945796,44415.03$857
Nov 19945638,03215.90$890
Oct 19940126,79215.58$0
Sep 199458139,88715.29$887
Aug 199456160,31016.13$903
Jul 199458161,51717.56$1,018
Jun 19940141,63517.09$0
May 1994108148,55715.88$1,715
Apr 19940119,17114.14$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  192 Mcf  × $  3.05 =       $585

────────────────────────────────────────────────────
Month total                                     $585

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/149168 is the state's own key, not one this site invented.