MARTINEZ-VELA G.U.

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 193846District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.7 M
Feb 2003 – May 2026
Value, last 12 filed months
$62 k
at the published price for each month
Months reported
280
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 Gas112004-04-29156507
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
CondensateDisposition450 bbl$22,160
GasProduction2,161,152 Mcf$12,634,899
Total$12,657,059

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 27.2840, -99.3833. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.28397, -99.38325 · 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
9,800 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 9,800 ft.

Completions filed
Feb 2003
1 of 1 wells

1 well

42-5053463619,800 ftFeb 2003

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 (280)

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

280 months

May 202601,384106.413.05$4,215
Apr 202601,34398.932.87$3,854
Mar 202601,43289.753.15$4,510
Feb 202601,30863.503.75$4,905
Jan 202601,48059.138.00$11,837
Dec 202501,46356.664.41$6,457
Nov 202501,37558.593.93$5,399
Oct 202501,27859.383.30$4,224
Sep 202501,22862.743.08$3,778
Aug 202501,31763.933.01$3,970
Jul 202501,53266.743.32$5,079
Jun 202501,34266.483.13$4,199
May 202501,19260.553.23$3,853
Apr 202501,19362.363.54$4,227
Mar 202501,34067.704.27$5,720
Feb 202501,14670.884.34$4,975
Jan 202501,51374.324.28$6,474
Dec 202401,34268.993.12$4,189
Nov 202401,20069.052.20$2,638
Oct 202401,41171.372.28$3,219
Sep 202401,52969.612.36$3,615
Aug 202401,47375.632.06$3,040
Jul 202401,38679.932.15$2,975
Jun 202401,04478.082.63$2,750
May 202401,33478.812.20$2,933
Apr 202401,41484.451.66$2,346
Mar 202401,70680.301.55$2,636
Feb 202401,53476.091.78$2,736
Jan 202401,81473.023.30$5,982
Dec 202301,76071.262.61$4,595
Nov 202301,64277.892.81$4,610
Oct 202301,75785.443.09$5,424
Sep 202301,63589.042.74$4,472
Aug 202301,67980.522.67$4,488
Jul 202301,83374.852.64$4,842
Jun 202301,61668.962.26$3,650
May 202301,35370.622.23$3,014
Apr 202301,77678.122.24$3,974
Mar 202302,03572.852.39$4,870
Feb 202302,18075.112.47$5,375
Jan 202301,79676.533.39$6,084
Dec 202201,98576.415.73$11,372
Nov 202202,20385.005.65$12,439
Oct 202202,18787.185.86$12,824
Sep 202202,04484.888.16$16,687
Aug 202202,20594.529.13$20,125
Jul 202202,090101.587.54$15,763
Jun 202202,034115.097.98$16,226
May 202202,095109.378.43$17,667
Apr 202202,374104.226.84$16,232
Mar 202202,241108.885.08$11,376
Feb 202201,97691.054.86$9,601
Jan 202202,61281.844.54$11,852
Dec 202102,28871.323.90$8,921
Nov 202101,46777.435.24$7,682
Oct 202101,81279.795.71$10,354
Sep 202101,70669.865.35$9,129
Aug 202101,92666.024.22$8,129
Jul 202101,78570.783.98$7,108
Jun 202101,73369.493.38$5,859
May 202101,88263.483.02$5,679
Apr 202102,02760.362.76$5,591
Mar 202102,36261.302.72$6,417
Feb 202101,65157.805.55$9,160
Jan 202102,25950.412.81$6,348
Dec 202001,55544.642.68$4,160
Nov 202002,00038.772.71$5,413
Oct 202001,92236.972.48$4,764
Sep 202001,17037.091.99$2,330
Aug 202002,16039.982.39$5,152
Jul 202002,14038.371.83$3,906
Jun 202002,12634.901.69$3,594
May 202002,06916.921.81$3,755
Apr 202001,95414.751.80$3,526
Mar 202002,14130.341.86$3,974
Feb 202001,93849.881.98$3,839
Jan 202002,00357.252.09$4,196
Dec 201902,37259.012.30$5,466
Nov 201902,03355.302.75$5,592
Oct 201902,27253.472.42$5,495
Sep 201902,01655.052.66$5,357
Aug 201902,07153.112.30$4,772
Jul 201901,76156.272.46$4,332
Jun 201902,09752.782.49$5,224
May 201902,04658.482.74$5,607
Apr 201901,92262.632.75$5,287
Mar 201902,17756.803.06$6,666
Feb 201902,01950.852.79$5,637
Jan 201902,15046.033.23$6,941
Dec 201802,23946.594.19$9,371
Nov 201802,19252.934.24$9,288
Oct 201802,38961.443.40$8,118
Sep 201802,23459.543.11$6,943
Aug 201802,52459.403.07$7,740
Jul 201802,39065.142.93$7,007
Jun 201801,85860.183.08$5,717
May 201802,35165.382.90$6,820
Apr 201802,03463.842.90$5,900
Mar 201802,41861.222.79$6,739
Feb 201802,27261.782.77$6,285
Jan 201803,57162.874.01$14,317
Dec 201702,76657.272.92$8,081
Nov 201702,64855.423.12$8,257
Oct 201702,94749.292.98$8,793
Sep 201702,54047.523.09$7,842
Aug 201702,67645.373.00$8,040
Jul 201702,58043.873.09$7,965
Jun 201702,16142.493.09$6,672
May 201702,34545.373.26$7,653
Apr 201702,44547.933.21$7,852
Mar 201702,51946.772.98$7,516
Feb 201702,10050.452.95$6,200
Jan 201702,52349.413.42$8,626
Dec 201602,74448.763.72$10,215
Nov 201602,74742.492.64$7,264
Oct 201602,56446.193.09$7,923
Sep 201602,73141.553.10$8,468
Aug 201602,70641.442.92$7,913
Jul 201692,76241.622.92$8,452
Jun 201602,75845.352.69$7,408
May 201602,90842.521.99$5,790
Apr 201603,11436.561.99$6,200
Mar 2016113,08033.011.79$5,889
Feb 201601,93226.472.06$3,987
Jan 201602,60327.352.36$6,154
Dec 201503,19532.362.00$6,395
Nov 201502,77438.792.17$6,012
Oct 201502,96943.552.43$7,205
Sep 201503,26742.992.76$9,012
Aug 201503,43940.162.87$9,878
Jul 201503,42548.152.95$10,087
Jun 201503,21256.152.88$9,260
May 201503,40955.212.96$10,075
Apr 201502,04249.822.71$5,527
Mar 201503,07342.892.93$9,018
Feb 201502,95044.662.98$8,780
Jan 201502,81443.433.10$8,725
Dec 201403,22654.693.59$11,586
Nov 201403,10570.464.25$13,202
Oct 201403,19278.303.90$12,452
Sep 201402,62086.164.05$10,599
Aug 201412,80689.394.04$11,412
Jul 201402,95096.564.18$12,330
Jun 201412,96798.164.74$14,152
May 201403,09094.734.73$14,605
Apr 2014702,85995.944.81$20,465
Mar 201403,19895.895.06$16,172
Feb 201402,92597.406.19$18,112
Jan 201402,98090.404.86$14,485
Dec 201313,79591.824.35$16,617
Nov 201313,13088.853.74$11,790
Oct 201303,48897.423.78$13,182
Sep 201303,201104.113.72$11,900
Aug 201303,222104.253.52$11,350
Jul 201303,562102.523.72$13,243
Jun 201303,65694.403.93$14,381
May 201303,79694.834.15$15,750
Apr 201303,61193.964.28$15,464
Mar 201303,43393.623.91$13,433
Feb 201303,53091.233.42$12,072
Jan 201303,67891.603.42$12,578
Dec 201203,54186.773.42$12,111
Nov 201203,42086.953.62$12,397
Oct 201203,46889.383.40$11,790
Sep 201203,75794.672.92$10,964
Aug 201204,64792.662.91$13,514
Jul 201203,30785.133.02$9,990
Jun 201203,88179.822.52$9,776
May 201203,95791.612.49$9,846
Apr 201203,790101.652.00$7,568
Mar 201223,465105.052.22$7,910
Feb 201213,985101.102.57$10,344
Jan 201204,03198.092.73$11,021
Dec 201114,43896.873.24$14,475
Nov 201103,91095.723.31$12,947
Oct 201104,35984.983.65$15,904
Sep 201104,44283.623.99$17,705
Aug 201104,38083.404.15$18,174
Jul 201104,60094.144.52$20,779
Jun 201104,64292.904.64$21,538
May 201104,84698.134.40$21,346
Apr 201104,239105.964.33$18,369
Mar 201104,57396.364.06$18,554
Feb 201103,96485.644.18$16,569
Jan 201103,67486.504.59$16,859
Dec 201005,18085.734.35$22,521
Nov 201015,01180.843.80$19,099
Oct 201014,83378.103.51$17,037
Sep 201014,94172.633.98$19,735
Aug 201005,15873.684.42$22,795
Jul 201005,66772.554.74$26,842
Jun 201013,96370.364.91$19,530
May 201025,39271.124.24$22,979
Apr 201014,64281.694.12$19,219
Mar 201014,85178.394.39$21,368
Feb 201024,99473.585.44$27,326
Jan 201035,49474.365.96$32,990
Dec 200925,34471.445.48$29,448
Nov 200935,40174.593.75$20,486
Oct 200915,84172.544.11$24,081
Sep 200915,84465.543.06$17,976
Aug 200915,57367.423.22$18,004
Jul 200916,08961.133.46$21,156
Jun 200916,05566.163.90$23,650
May 200916,07454.743.93$23,900
Apr 200906,43746.773.59$23,093
Mar 200915,53742.144.06$22,517
Feb 200904,49732.814.63$20,835
Jan 200906,10435.865.37$32,785
Dec 200816,45337.105.98$38,608
Nov 200816,90755.496.86$47,440
Oct 200806,77775.246.92$46,910
Sep 200816,701101.767.88$52,886
Aug 200807,825114.228.48$66,380
Jul 200807,079131.0811.39$80,626
Jun 200806,752131.3313.03$87,996
May 200807,534123.1711.57$87,201
Apr 200827,479110.3110.45$78,413
Mar 200848,497101.909.66$82,523
Feb 200849,43392.538.77$83,103
Jan 200807,43190.388.21$60,977
Dec 200717,39188.337.30$54,057
Nov 200708,23191.677.29$60,018
Oct 200718,40982.856.92$58,290
Sep 200718,53475.846.24$53,364
Aug 200718,00569.066.39$51,205
Jul 200717,42570.906.39$47,501
Jun 200708,49062.007.55$64,086
May 200708,60458.747.85$67,509
Apr 200708,61459.617.81$67,234
Mar 200708,70256.927.30$63,542
Feb 200702,49655.108.22$20,507
Jan 200707,61750.306.73$51,238
Dec 2006011,21756.656.92$77,604
Nov 200609,45954.207.62$72,054
Oct 200619,38354.906.01$56,482
Sep 2006010,17460.085.04$51,248
Aug 2006011,20868.717.34$82,266
Jul 2006011,00169.376.34$69,777
Jun 2006011,14766.286.38$71,161
May 2006012,22566.016.42$78,546
Apr 2006011,96964.397.36$88,098
Mar 2006012,99756.707.08$92,057
Feb 2006012,23757.597.75$94,850
Jan 2006011,98960.598.93$107,102
Dec 2005012,78954.9413.42$171,570
Nov 2005014,01854.6910.59$148,428
Oct 2005014,61358.3413.80$201,597
Sep 2005012,90161.4512.08$155,831
Aug 2005015,27961.519.80$149,686
Jul 2005016,11155.697.84$126,369
Jun 2005011,97152.337.38$88,358
May 2005015,05545.226.65$100,133
Apr 2005015,12449.207.36$111,320
Mar 2005017,64950.377.15$126,276
Feb 2005016,20445.226.31$102,278
Jan 2005019,51943.166.32$123,403
Dec 2004021,59239.866.75$145,769
Nov 2004020,96045.286.33$132,686
Oct 2004023,10249.706.52$150,512
Sep 2004020,04643.245.28$105,921
Aug 200414825,47442.375.55$147,668
Jul 2004030,62138.286.08$186,304
Jun 2004026,03536.106.43$167,484
May 2004032,76537.486.49$212,795
Apr 2004034,52934.475.86$202,287
Mar 2004026,30834.365.53$145,487
Feb 2004028,37432.455.51$156,330
Jan 2004028,79432.036.30$181,392
Dec 2003024,23930.266.30$152,745
Nov 2003027,88128.804.60$128,118
Oct 2003029,94328.174.76$142,518
Sep 2003037,04026.314.75$175,916
Aug 2003046,59829.765.13$239,035
Jul 2003058,98029.415.17$304,976
Jun 2003067,43128.565.98$403,437
May 200316085,83626.595.97$516,925
Apr 20030102,30326.675.41$553,181
Mar 20030131,61431.146.10$802,324
Feb 20030142,69133.487.93$1,130,952

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                1,384 Mcf  × $  3.05 =     $4,215

────────────────────────────────────────────────────
Month total                                   $4,215

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/193846 is the state's own key, not one this site invented.