VELENO

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

Gas lease lease 198452District 04Field 298012532 tax incentive programmesCondensateGasSaveExport
Value, all time
$30.6 M
Nov 2003 – May 2026
Value, last 12 filed months
$49 k
at the published price for each month
Months reported
271
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 243 leases and 243 wells, and the rule below applies to all of them.

Discovered
2004-09-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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 Gas112005-07-12155946
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
CondensateDisposition778 bbl$54,405
GasProduction4,756,604 Mcf$30,573,760
Total$30,628,165

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 26.8927, -99.2477. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.89274, -99.24772 · 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
10,974 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 10,974 ft.

Completions filed
Apr 2004
1 of 1 wells

1 well

42-50534736110,974 ftApr 2004

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 (271)

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

271 months

May 20260738106.413.05$2,248
Apr 20268381798.932.87$10,556
Mar 2026087789.753.15$2,762
Feb 2026086563.503.75$3,244
Jan 202601,25059.138.00$9,997
Dec 202501,17456.664.41$5,181
Nov 2025076858.593.93$3,016
Oct 2025081359.383.30$2,687
Sep 2025074562.743.08$2,292
Aug 2025071563.933.01$2,156
Jul 2025086166.743.32$2,854
Jun 2025063966.483.13$1,999
May 2025052160.553.23$1,684
Apr 2025058962.363.54$2,087
Mar 2025067467.704.27$2,877
Feb 2025076170.884.34$3,303
Jan 2025076074.324.28$3,252
Dec 2024063568.993.12$1,982
Nov 2024080769.052.20$1,774
Oct 2024061271.372.28$1,396
Sep 2024056169.612.36$1,326
Aug 2024058075.632.06$1,197
Jul 2024047379.932.15$1,015
Jun 2024044078.082.63$1,159
May 2024059678.812.20$1,310
Apr 2024098084.451.66$1,626
Mar 202401,17880.301.55$1,820
Feb 202401,28876.091.78$2,297
Jan 202401,47873.023.30$4,874
Dec 202301,39371.262.61$3,637
Nov 202301,02977.892.81$2,889
Oct 2023084385.443.09$2,603
Sep 2023080789.042.74$2,207
Aug 202310465880.522.67$10,133
Jul 2023071074.852.64$1,876
Jun 2023069468.962.26$1,567
May 2023067670.622.23$1,506
Apr 2023083378.122.24$1,864
Mar 2023084472.852.39$2,020
Feb 2023080175.112.47$1,975
Jan 2023085676.533.39$2,900
Dec 2022091376.415.73$5,231
Nov 2022089685.005.65$5,059
Oct 2022078287.185.86$4,585
Sep 2022053484.888.16$4,359
Aug 2022062194.529.13$5,668
Jul 20220580101.587.54$4,374
Jun 20220659115.097.98$5,257
May 20220665109.378.43$5,608
Apr 20220854104.226.84$5,839
Mar 202201,591108.885.08$8,077
Feb 202201,68391.054.86$8,177
Jan 202201,91481.844.54$8,685
Dec 202101,71271.323.90$6,675
Nov 202101,55977.435.24$8,164
Oct 202101,27779.795.71$7,297
Sep 2021087469.865.35$4,677
Aug 2021068066.024.22$2,870
Jul 2021056470.783.98$2,246
Jun 2021067769.493.38$2,289
May 2021072063.483.02$2,173
Apr 2021073760.362.76$2,033
Mar 2021089561.302.72$2,432
Feb 2021085057.805.55$4,716
Jan 2021087050.412.81$2,445
Dec 2020083744.642.68$2,239
Nov 2020082838.772.71$2,241
Oct 202001,28636.972.48$3,187
Sep 2020080537.091.99$1,603
Aug 2020077639.982.39$1,851
Jul 2020088638.371.83$1,617
Jun 202001,07834.901.69$1,822
May 2020311,31916.921.81$2,918
Apr 2020641,68614.751.80$3,986
Mar 202001,10930.341.86$2,059
Feb 2020085649.881.98$1,695
Jan 2020072757.252.09$1,523
Dec 2019087559.012.30$2,016
Nov 2019095755.302.75$2,632
Oct 2019086553.472.42$2,092
Sep 2019092655.052.66$2,461
Aug 2019092053.112.30$2,120
Jul 2019087156.272.46$2,143
Jun 2019090052.782.49$2,242
May 2019097658.482.74$2,675
Apr 2019096162.632.75$2,643
Mar 201901,38756.803.06$4,247
Feb 20191551,35850.852.79$11,674
Jan 201901,47446.033.23$4,758
Dec 201801,66646.594.19$6,973
Nov 201801,76852.934.24$7,491
Oct 2018040461.443.40$1,373
Sep 2018096059.543.11$2,984
Aug 201801,28759.403.07$3,947
Jul 201801,33565.142.93$3,914
Jun 201801,41160.183.08$4,342
May 201801,46765.382.90$4,255
Apr 201801,47463.842.90$4,276
Mar 201801,58361.222.79$4,412
Feb 201801,40061.782.77$3,873
Jan 201801,61862.874.01$6,487
Dec 201702,16157.272.92$6,313
Nov 201701,25155.423.12$3,901
Oct 201701,35049.292.98$4,028
Sep 201701,48847.523.09$4,594
Aug 201701,48645.373.00$4,465
Jul 201701,51943.873.09$4,690
Jun 201701,06842.493.09$3,297
May 201701,66645.373.26$5,437
Apr 201701,85047.933.21$5,941
Mar 201701,43246.772.98$4,273
Feb 201701,48650.452.95$4,388
Jan 201701,51149.413.42$5,166
Dec 201601,62348.763.72$6,042
Nov 201601,46042.492.64$3,861
Oct 201601,70846.193.09$5,278
Sep 201601,66841.553.10$5,172
Aug 201601,76541.442.92$5,161
Jul 201602,07241.622.92$6,059
Jun 201601,88245.352.69$5,055
May 201601,82442.521.99$3,632
Apr 201601,65536.561.99$3,295
Mar 201601,52633.011.79$2,738
Feb 201601,47026.472.06$3,034
Jan 201601,64227.352.36$3,882
Dec 201501,57432.362.00$3,150
Nov 201501,63738.792.17$3,548
Oct 201501,97943.552.43$4,802
Sep 201501,69842.992.76$4,684
Aug 201501,71340.162.87$4,921
Jul 201571,65148.152.95$5,199
Jun 201502,20056.152.88$6,342
May 201502,51455.212.96$7,430
Apr 2015552,59849.822.71$9,772
Mar 201502,26842.892.93$6,656
Feb 201502,70744.662.98$8,057
Jan 201503,67743.433.10$11,401
Dec 201403,63754.693.59$13,062
Nov 201403,49370.464.25$14,852
Oct 201403,78278.303.90$14,753
Sep 201403,86686.164.05$15,640
Aug 201404,20589.394.04$16,968
Jul 201404,47896.564.18$18,716
Jun 201404,40898.164.74$20,880
May 201404,63894.734.73$21,922
Apr 201404,44895.944.81$21,391
Mar 201404,85595.895.06$24,551
Feb 201403,63897.406.19$22,527
Jan 201403,19490.404.86$15,525
Dec 20131514,00291.824.35$31,291
Nov 201305,26588.853.74$19,682
Oct 201305,37197.423.78$20,299
Sep 201305,460104.113.72$20,299
Aug 20130515104.253.52$1,814
Jul 201300102.523.72$0
Jun 201302,40094.403.93$9,440
May 201304,22194.834.15$17,513
Apr 201304,18293.964.28$17,910
Mar 201304,44793.623.91$17,401
Feb 201304,07891.233.42$13,946
Jan 201305,27291.603.42$18,030
Dec 201206,15686.773.42$21,055
Nov 201216,13386.953.62$22,319
Oct 20121206,33489.383.40$32,259
Sep 201205,94994.672.92$17,362
Aug 201206,11192.662.91$17,772
Jul 201214,98785.133.02$15,150
Jun 201202,66879.822.52$6,721
May 201202,84091.612.49$7,067
Apr 201202,767101.652.00$5,525
Mar 201262,899105.052.22$7,072
Feb 201202,747101.102.57$7,060
Jan 201203,03998.092.73$8,309
Dec 201103,49196.873.24$11,310
Nov 201103,89695.723.31$12,901
Oct 201103,29384.983.65$12,015
Sep 201102,69483.623.99$10,738
Aug 201106,23883.404.15$25,883
Jul 201106,08394.144.52$27,478
Jun 201105,99092.904.64$27,793
May 201106,33198.134.40$27,887
Apr 201106,914105.964.33$29,960
Mar 201106,59196.364.06$26,742
Feb 201105,90985.644.18$24,700
Jan 201106,40686.504.59$29,396
Dec 201007,07785.734.35$30,769
Nov 201006,56280.843.80$24,905
Oct 201007,73478.103.51$27,138
Sep 201008,58972.633.98$34,180
Aug 201007,03173.684.42$31,073
Jul 201007,49372.554.74$35,491
Jun 201009,19170.364.91$45,131
May 201004,49671.124.24$19,042
Apr 201005,13781.694.12$21,178
Mar 201005,35178.394.39$23,484
Feb 201004,75973.585.44$25,900
Jan 201005,18674.365.96$30,930
Dec 200905,63671.445.48$30,906
Nov 200904,84874.593.75$18,187
Oct 200906,83872.544.11$28,106
Sep 200906,65465.543.06$20,393
Aug 200906,79267.423.22$21,860
Jul 200907,55761.133.46$26,181
Jun 200907,70566.163.90$30,011
May 200908,11354.743.93$31,850
Apr 200908,34046.773.59$29,920
Mar 200909,07342.144.06$36,827
Feb 200907,55132.814.63$34,984
Jan 200908,77435.865.37$47,125
Dec 200808,99237.105.98$53,746
Nov 200808,45855.496.86$58,025
Oct 200809,57275.246.92$66,257
Sep 200809,580101.767.88$75,463
Aug 2008010,645114.228.48$90,302
Jul 200808,087131.0811.39$92,106
Jun 200808,809131.3313.03$114,804
May 200809,236123.1711.57$106,900
Apr 2008012,285110.3110.45$128,438
Mar 2008025,389101.909.66$245,361
Feb 2008016,30292.538.77$142,978
Jan 2008016,97990.388.21$139,325
Dec 2007018,39288.337.30$134,298
Nov 2007016,31191.677.29$118,935
Oct 2007021,05582.856.92$145,742
Sep 2007021,44275.846.24$133,887
Aug 2007022,74169.066.39$145,268
Jul 2007020,06770.906.39$128,187
Jun 2007021,97762.007.55$165,892
May 2007023,02458.747.85$180,653
Apr 2007023,57759.617.81$184,023
Mar 2007026,86956.927.30$196,197
Feb 2007025,69755.108.22$211,127
Jan 2007025,76450.306.73$173,311
Dec 2006029,18256.656.92$201,894
Nov 2006027,73954.207.62$211,301
Oct 2006027,61054.906.01$166,041
Sep 2006030,95260.085.04$155,911
Aug 2006033,75268.717.34$247,737
Jul 2006039,64169.376.34$251,433
Jun 2006040,37066.286.38$257,717
May 2006043,16366.016.42$277,322
Apr 2006041,27164.397.36$303,774
Mar 2006046,22656.707.08$327,415
Feb 2006046,25257.597.75$358,505
Jan 2006054,36560.598.93$485,660
Dec 2005053,55954.9413.42$718,515
Nov 2005058,12854.6910.59$615,483
Oct 2005072,53558.3413.80$1,000,675
Sep 2005045,50461.4512.08$549,643
Aug 2005051,49961.519.80$504,527
Jul 2005058,82755.697.84$461,418
Jun 2005059,94152.337.38$442,427
May 2005064,67945.226.65$430,190
Apr 2005065,34249.207.36$480,948
Mar 2005077,36550.377.15$553,537
Feb 2005078,27345.226.31$494,053
Jan 2005092,76643.166.32$586,485
Dec 20040102,14439.866.75$689,582
Nov 20040108,70645.286.33$688,155
Oct 20040121,84649.706.52$793,839
Sep 20040154,35043.245.28$815,570
Aug 20040190,03242.375.55$1,054,803
Jul 20040224,56738.286.08$1,366,306
Jun 20040211,07736.106.43$1,357,863
May 20040194,59737.486.49$1,263,826
Apr 20040152,35534.475.86$892,566
Mar 20040183,31534.365.53$1,013,758
Feb 20040189,46232.455.51$1,043,864
Jan 20040233,53932.036.30$1,471,212
Dec 20030272,02930.266.30$1,714,229
Nov 20030229,32528.804.60$1,053,785

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                  738 Mcf  × $  3.05 =     $2,248

────────────────────────────────────────────────────
Month total                                   $2,248

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/198452 is the state's own key, not one this site invented.