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 154947District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.5 M
Jun 1995 – May 2026
Value, last 12 filed months
$126 k
at the published price for each month
Months reported
372
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 Gas112001-08-21144606
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
CondensateDisposition7,451 bbl$169,264
GasProduction5,238,479 Mcf$13,374,703
Total$13,543,966

1,771,157 Mcf of this lease's gas, across 18 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 27.2914, -99.3662. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.29140, -99.36620 · 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
8,610 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 8,610 ft.

Completions filed
Jun 1995
1 of 1 wells

1 well

42-50533310128,610 ftJun 1995

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 (372)

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

372 months

May 202602,720106.413.05$8,285
Apr 202602,72398.932.87$7,814
Mar 202602,67689.753.15$8,428
Feb 202602,41063.503.75$9,038
Jan 202602,91359.138.00$23,298
Dec 202503,02256.664.41$13,337
Nov 202502,70458.593.93$10,617
Oct 2025162,79559.383.30$10,187
Sep 202502,62062.743.08$8,062
Aug 202502,78363.933.01$8,390
Jul 202502,84866.743.32$9,442
Jun 202502,95166.483.13$9,233
May 202503,04060.553.23$9,826
Apr 202502,94962.363.54$10,449
Mar 202502,82967.704.27$12,075
Feb 202502,65970.884.34$11,542
Jan 202502,91774.324.28$12,481
Dec 202402,98868.993.12$9,327
Nov 202402,90569.052.20$6,386
Oct 202403,00571.372.28$6,856
Sep 2024232,85169.612.36$8,342
Aug 202403,15575.632.06$6,511
Jul 202403,18979.932.15$6,845
Jun 202402,84278.082.63$7,486
May 202402,80078.812.20$6,156
Apr 202402,82884.451.66$4,692
Mar 202403,04680.301.55$4,706
Feb 202402,88376.091.78$5,142
Jan 202403,09073.023.30$10,190
Dec 2023143,13671.262.61$9,185
Nov 202303,12077.892.81$8,760
Oct 202303,31885.443.09$10,244
Sep 202303,21689.042.74$8,796
Aug 202303,27180.522.67$8,743
Jul 202303,39674.852.64$8,972
Jun 202303,03268.962.26$6,848
May 202303,11370.622.23$6,934
Apr 202303,02778.122.24$6,774
Mar 202322,91672.852.39$7,124
Feb 202302,68575.112.47$6,620
Jan 202302,97776.533.39$10,085
Dec 202203,03776.415.73$17,399
Nov 202203,07285.005.65$17,345
Oct 202203,27887.185.86$19,221
Sep 202203,24384.888.16$26,475
Aug 202203,31194.529.13$30,220
Jul 202203,390101.587.54$25,568
Jun 202203,332115.097.98$26,580
May 202203,473109.378.43$29,288
Apr 202203,276104.226.84$22,400
Mar 202203,291108.885.08$16,706
Feb 202203,07091.054.86$14,917
Jan 202203,19881.844.54$14,512
Dec 202103,31171.323.90$12,910
Nov 202103,14577.435.24$16,470
Oct 202103,19279.795.71$18,239
Sep 202103,48569.865.35$18,648
Aug 202103,36866.024.22$14,215
Jul 202103,57970.783.98$14,252
Jun 202107,03869.493.38$23,793
May 202103,57463.483.02$10,785
Apr 202103,54560.362.76$9,779
Mar 202103,94361.302.72$10,713
Feb 202103,02157.805.55$16,760
Jan 202103,40150.412.81$9,558
Dec 202003,67644.642.68$9,835
Nov 202003,76938.772.71$10,201
Oct 202003,84436.972.48$9,527
Sep 202004,06737.091.99$8,098
Aug 202003,71139.982.39$8,851
Jul 202002,43838.371.83$4,450
Jun 202003,77434.901.69$6,379
May 202002,49716.921.81$4,531
Apr 202004,13114.751.80$7,454
Mar 202004,17930.341.86$7,757
Feb 202004,02649.881.98$7,974
Jan 202024,59357.252.09$9,736
Dec 201903,41359.012.30$7,865
Nov 201903,61055.302.75$9,930
Oct 201903,54453.472.42$8,571
Sep 201903,26955.052.66$8,687
Aug 201903,29153.112.30$7,584
Jul 201903,59256.272.46$8,837
Jun 201903,38652.782.49$8,435
May 201903,80558.482.74$10,427
Apr 201903,53462.632.75$9,721
Mar 201994,10456.803.06$13,078
Feb 201903,74150.852.79$10,446
Jan 201913,96046.033.23$12,830
Dec 201803,18746.594.19$13,339
Nov 201803,24652.934.24$13,754
Oct 201803,82861.443.40$13,008
Sep 201803,94559.543.11$12,261
Aug 201804,02159.403.07$12,331
Jul 201804,03465.142.93$11,827
Jun 201803,91060.183.08$12,031
May 201834,15565.382.90$12,249
Apr 201804,11163.842.90$11,925
Mar 201804,20061.222.79$11,705
Feb 201863,68561.782.77$10,564
Jan 201804,34762.874.01$17,429
Dec 201704,36457.272.92$12,750
Nov 201764,17555.423.12$13,352
Oct 201704,32349.292.98$12,898
Sep 201704,04547.523.09$12,488
Aug 201704,31945.373.00$12,976
Jul 201704,48943.873.09$13,859
Jun 2017154,33142.493.09$14,008
May 201704,44045.373.26$14,490
Apr 201704,47847.933.21$14,382
Mar 201704,82546.772.98$14,396
Feb 2017393,40150.452.95$12,009
Jan 201704,21949.413.42$14,424
Dec 201604,39148.763.72$16,347
Nov 2016334,50042.492.64$13,302
Oct 201604,08646.193.09$12,627
Sep 2016374,45741.553.10$15,357
Aug 201604,72741.442.92$13,823
Jul 2016204,20341.622.92$13,123
Jun 201603,49945.352.69$9,398
May 201604,02842.521.99$8,020
Apr 201604,22836.561.99$8,418
Mar 2016103,89733.011.79$7,321
Feb 201603,81026.472.06$7,862
Jan 201604,16727.352.36$9,852
Dec 201504,42532.362.00$8,856
Nov 201504,33338.792.17$9,391
Oct 201504,27743.552.43$10,378
Sep 201504,40242.992.76$12,143
Aug 201504,33840.162.87$12,461
Jul 201504,44948.152.95$13,103
Jun 201504,41456.152.88$12,725
May 201504,40255.212.96$13,010
Apr 201503,91849.822.71$10,604
Mar 201504,43342.892.93$13,010
Feb 201504,07044.662.98$12,113
Jan 201504,51843.433.10$14,009
Dec 201404,51454.693.59$16,211
Nov 201404,88070.464.25$20,749
Oct 201405,45478.303.90$21,276
Sep 201405,12386.164.05$20,725
Aug 201404,45089.394.04$17,956
Jul 201405,18496.564.18$21,667
Jun 201404,28698.164.74$20,302
May 201404,70794.734.73$22,248
Apr 201404,54495.944.81$21,853
Mar 201404,77795.895.06$24,156
Feb 201405,20597.406.19$32,229
Jan 201402,38490.404.86$11,588
Dec 2013104,08891.824.35$18,719
Nov 201303,71488.853.74$13,884
Oct 201304,76097.423.78$17,990
Sep 201305,073104.113.72$18,860
Aug 201305,313104.253.52$18,716
Jul 201305,172102.523.72$19,228
Jun 201304,93494.403.93$19,407
May 201305,12194.834.15$21,247
Apr 2013115,61093.964.28$25,059
Mar 201306,17193.623.91$24,146
Feb 201305,51591.233.42$18,861
Jan 201306,61991.603.42$22,636
Dec 201206,69586.773.42$22,898
Nov 201207,15486.953.62$25,933
Oct 201207,84489.383.40$26,667
Sep 201209,30494.672.92$27,153
Aug 2012011,93692.662.91$34,712
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201201,436101.102.57$3,691
Jan 201205,48898.092.73$15,005
Dec 201105,41596.873.24$17,543
Nov 201105,44995.723.31$18,043
Oct 201105,88684.983.65$21,475
Sep 201105,77883.623.99$23,030
Aug 201106,29683.404.15$26,124
Jul 201105,90194.144.52$26,656
Jun 201105,64592.904.64$26,192
May 201105,77398.134.40$25,429
Apr 201105,049105.964.33$21,879
Mar 201105,75796.364.06$23,358
Feb 201105,09185.644.18$21,280
Jan 201105,54286.504.59$25,431
Dec 201006,55485.734.35$28,495
Nov 201006,17380.843.80$23,429
Oct 201006,34878.103.51$22,274
Sep 201005,83672.633.98$23,224
Aug 201006,28673.684.42$27,780
Jul 201006,11072.554.74$28,940
Jun 201005,85570.364.91$28,750
May 201006,49671.124.24$27,512
Apr 201006,23081.694.12$25,684
Mar 201006,44578.394.39$28,285
Feb 201005,64573.585.44$30,722
Jan 201006,74074.365.96$40,198
Dec 200906,79871.445.48$37,279
Nov 200906,56274.593.75$24,617
Oct 200906,39572.544.11$26,285
Sep 200906,13065.543.06$18,787
Aug 200906,88167.423.22$22,147
Jul 200906,80161.133.46$23,562
Jun 200906,98066.163.90$27,187
May 200906,03154.743.93$23,676
Apr 200905,18046.773.59$18,583
Mar 200906,62042.144.06$26,871
Feb 200905,75132.814.63$26,644
Jan 200905,95835.865.37$32,000
Dec 200805,75537.105.98$34,398
Nov 200806,36455.496.86$43,659
Oct 200806,45475.246.92$44,674
Sep 200807,076101.767.88$55,738
Aug 200807,532114.228.48$63,894
Jul 200806,958131.0811.39$79,248
Jun 200805,510131.3313.03$71,810
May 200806,841123.1711.57$79,180
Apr 200806,846110.3110.45$71,574
Mar 200807,198101.909.66$69,562
Feb 200806,89392.538.77$60,456
Jan 200807,58390.388.21$62,224
Dec 200706,79488.337.30$49,610
Nov 200707,69091.677.29$56,073
Oct 200707,50082.856.92$51,915
Sep 200707,50475.846.24$46,856
Aug 200708,22069.066.39$52,509
Jul 200707,69470.906.39$49,149
Jun 200707,00162.007.55$52,847
May 200706,25058.747.85$49,039
Apr 200706,77159.617.81$52,849
Mar 200718,28856.927.30$60,576
Feb 200735,85855.108.22$48,295
Jan 200756,65050.306.73$44,985
Dec 200608,57556.656.92$59,326
Nov 200608,47354.207.62$64,543
Oct 20060054.906.01$0
Sep 2006427,85160.085.04$42,070
Aug 200608,22168.717.34$60,341
Jul 2006687,79269.376.34$54,140
Jun 200607,25166.286.38$46,290
May 200608,83866.016.42$56,784
Apr 200608,12864.397.36$59,826
Mar 2006748,67456.707.08$65,633
Feb 200607,65057.597.75$59,296
Jan 2006388,84860.598.93$81,344
Dec 200538,20754.9413.42$110,265
Nov 2005198,44054.6910.59$90,405
Oct 2005169,35758.3413.80$130,020
Sep 2005348,73061.4512.08$107,539
Aug 2005608,72261.519.80$89,139
Jul 2005509,61055.697.84$78,162
Jun 2005508,79352.337.38$67,518
May 2005158,53145.226.65$57,419
Apr 20052010,01849.207.36$74,721
Mar 2005139,58150.377.15$69,206
Feb 2005128,85645.226.31$56,441
Jan 2005129,75843.166.32$62,210
Dec 2004279,50739.866.75$65,259
Nov 20041810,34045.286.33$66,272
Oct 200409,71849.706.52$63,314
Sep 2004210,31243.245.28$54,574
Aug 2004212,25342.375.55$68,097
Jul 200429,90238.286.08$60,322
Jun 200449,99236.106.43$64,423
May 2004411,22937.486.49$73,078
Apr 20041711,05534.475.86$65,351
Mar 2004013,12934.365.53$72,605
Feb 200409,70932.455.51$53,493
Jan 20043312,03132.036.30$76,848
Dec 2003011,42630.266.30$72,003
Nov 2003011,13228.804.60$51,153
Oct 2003011,41128.174.76$54,312
Sep 2003011,43726.314.75$54,318
Aug 2003011,94529.765.13$61,275
Jul 2003011,82029.415.17$61,119
Jun 20031311,79328.565.98$70,928
May 2003013,12126.595.97$78,368
Apr 2003011,75826.675.41$63,579
Mar 2003012,90931.146.10$78,694
Feb 2003011,85133.487.93$93,930
Jan 2003012,94830.315.58$72,276
Dec 2002013,13926.914.85$63,774
Nov 20023912,75124.664.14$53,712
Oct 2002013,61926.464.23$57,596
Sep 2002013,97727.443.64$50,809
Aug 2002014,63425.963.16$46,304
Jul 2002017,16824.583.06$52,564
Jun 2002015,02623.733.34$50,160
May 2002014,97224.663.58$53,660
Apr 20024114,82023.653.51$53,022
Mar 2002015,73922.003.10$48,834
Feb 2002014,56918.222.38$34,611
Jan 2002016,12717.172.38$38,313
Dec 2001016,33716.932.36$38,627
Nov 20013815,75618.072.41$38,588
Oct 2001015,88319.782.53$40,166
Sep 2001015,98524.262.25$35,987
Aug 2001017,58024.873.05$53,675
Jul 2001017,90123.933.20$57,231
Jun 2001017,57324.563.82$67,202
May 2001018,54825.524.31$79,892
Apr 2001017,50324.685.34$93,384
Mar 2001017,94524.545.38$96,480
Feb 20015016,78627.755.77$98,194
Jan 2001018,11927.478.40$152,177
Dec 2000019,42426.889.12$177,195
Nov 2000019,03432.215.66$107,694
Oct 2000019,91831.235.15$102,488
Sep 2000018,17231.875.19$94,249
Aug 20002020,65429.644.54$94,377
Jul 20003621,04028.534.09$87,075
Jun 2000021,41529.304.40$94,167
May 2000022,08427.263.68$81,264
Apr 2000022,85924.513.12$71,229
Mar 20004121,41428.422.86$62,404
Feb 2000018,74127.622.73$51,097
Jan 2000022,27325.272.48$55,248
Dec 19995222,83624.282.42$56,611
Nov 1999023,26223.192.43$56,619
Oct 19993325,18420.982.80$71,301
Sep 1999022,07021.752.62$57,798
Aug 1999025,02919.262.88$71,973
Jul 1999025,36617.892.37$60,178
Jun 19993626,30015.942.36$62,697
May 19993427,67415.792.32$64,769
Apr 1999026,86115.102.21$59,310
Mar 1999029,40712.471.84$54,060
Feb 1999026,0509.981.82$47,353
Jan 19994731,22310.381.90$59,810
Dec 1998032,4909.201.77$57,615
Nov 19984430,29010.892.19$66,685
Oct 1998033,11312.421.97$65,206
Sep 19986132,66012.592.08$68,786
Aug 1998034,45511.301.91$65,718
Jul 19986334,19711.742.24$77,248
Jun 1998035,31111.242.24$79,000
May 19985729,63912.622.21$66,113
Apr 1998033,00913.042.51$82,698
Mar 199813837,06812.802.31$87,373
Feb 1998034,59813.952.30$79,545
Jan 19988940,42014.702.15$88,405
Dec 1997040,54316.322.41$97,753
Nov 1997040,56718.193.09$125,281
Oct 199713344,40219.253.15$142,419
Sep 199714442,25117.742.95$127,401
Aug 199714145,77917.862.55$119,472
Jul 1997047,01717.582.25$105,644
Jun 199713746,72117.242.26$107,821
May 1997053,92518.972.31$124,486
Apr 199714754,90017.882.08$116,973
Mar 199727759,72318.951.94$121,060
Feb 199714658,56220.492.21$132,173
Jan 199715568,30623.483.54$245,422
Dec 199614469,46123.32$3,358
Nov 199614769,28421.97$3,230
Oct 199614672,34423.31$3,403
Sep 199614575,98922.22$3,222
Aug 199614078,92320.26$2,836
Jul 199629084,41619.55$5,670
Jun 199614589,60618.73$2,716
May 199613792,36119.43$2,662
Apr 199644192,10321.51$9,486
Mar 199614598,64519.38$2,810
Feb 199628994,70016.98$4,907
Jan 1996294105,25117.07$5,019
Dec 1995289112,32717.19$4,968
Nov 1995276115,74716.00$4,416
Oct 1995421137,67015.43$6,496
Sep 1995452143,56916.18$7,313
Aug 1995270125,18215.92$4,298
Jul 1995167113,57915.24$2,545
Jun 19950016.41$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                2,720 Mcf  × $  3.05 =     $8,285

────────────────────────────────────────────────────
Month total                                   $8,285

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/154947 is the state's own key, not one this site invented.