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 201079District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$28.4 M
Mar 2004 – May 2026
Value, last 12 filed months
$270 k
at the published price for each month
Months reported
267
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 Gas112004-07-08157948
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
CondensateDisposition6,954 bbl$313,323
GasProduction4,700,492 Mcf$28,116,078
Total$28,429,401

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 27.2953, -99.3538. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.29534, -99.35381 · 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
9,250 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 9,250 ft.

Completions filed
Mar 2004
1 of 1 wells

1 well

42-47938629149,250 ftMar 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 (267)

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

267 months

May 202606,078106.413.05$18,513
Apr 202605,64798.932.87$16,205
Mar 202605,96689.753.15$18,790
Feb 202605,44063.503.75$20,402
Jan 202606,05359.138.00$48,411
Dec 202506,03956.664.41$26,652
Nov 202505,82558.593.93$22,872
Oct 2025396,03759.383.30$22,267
Sep 202505,81662.743.08$17,895
Aug 202506,15063.933.01$18,541
Jul 202506,24166.743.32$20,690
Jun 202505,85466.483.13$18,316
May 202506,05760.553.23$19,578
Apr 202505,90162.363.54$20,908
Mar 202506,15367.704.27$26,263
Feb 202505,62670.884.34$24,422
Jan 202506,22474.324.28$26,631
Dec 202406,20068.993.12$19,352
Nov 202406,14269.052.20$13,503
Oct 202406,39771.372.28$14,594
Sep 2024306,27969.612.36$16,934
Aug 202406,51775.632.06$13,449
Jul 202406,69179.932.15$14,363
Jun 202406,58378.082.63$17,339
May 202406,96878.812.20$15,319
Apr 202406,72684.451.66$11,160
Mar 202406,99480.301.55$10,807
Feb 202406,41776.091.78$11,446
Jan 202406,16273.023.30$20,320
Dec 2023154,88671.262.61$13,825
Nov 202304,78477.892.81$13,431
Oct 202304,97485.443.09$15,356
Sep 202304,73489.042.74$12,948
Aug 202306,94780.522.67$18,569
Jul 202307,13274.852.64$18,841
Jun 202306,86168.962.26$15,495
May 202306,88670.622.23$15,338
Apr 202306,46778.122.24$14,472
Mar 202336,75872.852.39$16,392
Feb 202306,03175.112.47$14,871
Jan 202306,66276.533.39$22,569
Dec 202206,90176.415.73$39,536
Nov 202207,18185.005.65$40,545
Oct 202208,08787.185.86$47,420
Sep 202209,61084.888.16$78,453
Aug 2022010,86394.529.13$99,148
Jul 202207,892101.587.54$59,522
Jun 202205,425115.097.98$43,276
May 202205,632109.378.43$47,495
Apr 202205,475104.226.84$37,436
Mar 202205,767108.885.08$29,276
Feb 202205,47891.054.86$26,617
Jan 202205,70081.844.54$25,865
Dec 202105,57471.323.90$21,734
Nov 202105,35577.435.24$28,043
Oct 202105,63879.795.71$32,215
Sep 202105,61569.865.35$30,045
Aug 202105,76766.024.22$24,340
Jul 202105,78370.783.98$23,028
Jun 2021011,33969.493.38$38,333
May 202105,85263.483.02$17,659
Apr 202105,53660.362.76$15,271
Mar 202105,81761.302.72$15,804
Feb 202105,16657.805.55$28,661
Jan 202105,76850.412.81$16,210
Dec 202005,91244.642.68$15,817
Nov 202005,80738.772.71$15,717
Oct 202005,97336.972.48$14,804
Sep 202005,75637.091.99$11,460
Aug 202005,96339.982.39$14,222
Jul 202005,90138.371.83$10,770
Jun 202005,74534.901.69$9,711
May 202005,98916.921.81$10,869
Apr 202005,69514.751.80$10,276
Mar 202005,80030.341.86$10,766
Feb 202005,43049.881.98$10,755
Jan 202005,87057.252.09$12,296
Dec 201906,00759.012.30$13,842
Nov 201905,83755.302.75$16,056
Oct 201906,13053.472.42$14,826
Sep 201905,80655.052.66$15,428
Aug 201906,07753.112.30$14,004
Jul 201905,94556.272.46$14,625
Jun 201905,85752.782.49$14,591
May 201905,69158.482.74$15,595
Apr 201905,44562.632.75$14,978
Mar 201905,09556.803.06$15,601
Feb 201904,77350.852.79$13,327
Jan 201905,43446.033.23$17,542
Dec 201805,79646.594.19$24,259
Nov 201805,59752.934.24$23,716
Oct 201806,38261.443.40$21,687
Sep 201806,53359.543.11$20,305
Aug 201806,89659.403.07$21,147
Jul 201806,99265.142.93$20,500
Jun 201806,26860.183.08$19,286
May 201806,64665.382.90$19,279
Apr 201806,62963.842.90$19,229
Mar 201806,94161.222.79$19,343
Feb 2018286,28361.782.77$19,109
Jan 201807,08462.874.01$28,402
Dec 201707,21857.272.92$21,088
Nov 2017277,03955.423.12$23,446
Oct 201707,23549.292.98$21,587
Sep 201707,07447.523.09$21,839
Aug 201707,30745.373.00$21,953
Jul 201707,25143.873.09$22,386
Jun 2017287,01542.493.09$22,847
May 201707,37145.373.26$24,055
Apr 201707,19647.933.21$23,111
Mar 201707,48846.772.98$22,342
Feb 2017187,00850.452.95$21,600
Jan 201707,80349.413.42$26,677
Dec 201607,81448.763.72$29,090
Nov 201677,29642.492.64$19,591
Oct 201607,60446.193.09$23,498
Sep 2016107,64941.553.10$24,132
Aug 201607,97041.442.92$23,307
Jul 201677,98441.622.92$23,639
Jun 201607,75145.352.69$20,818
May 201608,07042.521.99$16,068
Apr 201607,68936.561.99$15,309
Mar 2016257,83733.011.79$14,885
Feb 201607,39626.472.06$15,263
Jan 201608,08627.352.36$19,118
Dec 201508,16832.362.00$16,348
Nov 201508,15538.792.17$17,675
Oct 201508,41843.552.43$20,427
Sep 201508,22642.992.76$22,691
Aug 201508,83140.162.87$25,367
Jul 201508,71148.152.95$25,655
Jun 201508,71356.152.88$25,118
May 201508,51455.212.96$25,163
Apr 201509,17349.822.71$24,827
Mar 201509,46342.892.93$27,771
Feb 201578,54744.662.98$25,750
Jan 201509,71343.433.10$30,116
Dec 201409,90754.693.59$35,580
Nov 201409,98270.464.25$42,442
Oct 2014010,62378.303.90$41,440
Sep 20145010,30786.164.05$46,004
Aug 2014011,34289.394.04$45,766
Jul 2014011,85396.564.18$49,541
Jun 2014011,87298.164.74$56,236
May 2014012,70894.734.73$60,065
Apr 2014012,89795.944.81$62,023
Mar 2014014,09595.895.06$71,276
Feb 2014013,77897.406.19$85,313
Jan 2014016,56590.404.86$80,518
Dec 20134017,71891.824.35$80,825
Nov 2013015,09288.853.74$56,418
Oct 2013014,96797.423.78$56,566
Sep 2013017,318104.113.72$64,384
Aug 2013016,966104.253.52$59,765
Jul 2013014,525102.523.72$54,000
Jun 2013013,70594.403.93$53,907
May 2013013,25194.834.15$54,979
Apr 201352,36693.964.28$10,602
Mar 201301,65993.623.91$6,491
Feb 2013070091.233.42$2,394
Jan 2013066091.603.42$2,257
Dec 2012083186.773.42$2,842
Nov 2012073786.953.62$2,672
Oct 2012077789.383.40$2,642
Sep 2012086294.672.92$2,516
Aug 2012061892.662.91$1,797
Jul 2012040285.133.02$1,214
Jun 2012086079.822.52$2,166
May 20123673391.612.49$5,122
Apr 20120781101.652.00$1,560
Mar 20121263105.052.22$689
Feb 201200101.102.57$0
Jan 2012395,96098.092.73$20,121
Dec 2011010,84196.873.24$35,122
Nov 20112710,31495.723.31$36,737
Oct 2011011,32784.983.65$41,327
Sep 2011011,36883.623.99$45,311
Aug 2011011,89483.404.15$49,352
Jul 2011012,03094.144.52$54,342
Jun 2011011,75292.904.64$54,528
May 2011012,17398.134.40$53,620
Apr 2011011,982105.964.33$51,921
Mar 2011012,42096.364.06$50,392
Feb 2011011,19585.644.18$46,795
Jan 2011012,80086.504.59$58,736
Dec 2010013,51785.734.35$58,769
Nov 2010012,75480.843.80$48,406
Oct 2010013,29278.103.51$46,640
Sep 2010013,06572.633.98$51,992
Aug 2010013,70773.684.42$60,576
Jul 2010013,95672.554.74$66,102
Jun 2010013,52270.364.91$66,398
May 2010014,26871.124.24$60,428
Apr 2010014,49181.694.12$59,742
Mar 2010015,03978.394.39$66,001
Feb 2010014,74573.585.44$80,248
Jan 2010017,02374.365.96$101,527
Dec 2009018,17171.445.48$99,645
Nov 2009015,81874.593.75$59,341
Oct 2009013,15172.544.11$54,054
Sep 2009014,42365.543.06$44,203
Aug 2009014,98467.423.22$48,226
Jul 2009014,34961.133.46$49,712
Jun 2009012,57066.163.90$48,960
May 2009010,71754.743.93$42,072
Apr 2009610,97946.773.59$39,668
Mar 20091811,32242.144.06$46,715
Feb 2009610,33632.814.63$48,084
Jan 2009012,06535.865.37$64,801
Dec 2008012,70437.105.98$75,934
Nov 2008013,11755.496.86$89,987
Oct 2008014,15975.246.92$98,008
Sep 2008014,234101.767.88$112,123
Aug 2008015,638114.228.48$132,657
Jul 2008016,944131.0811.39$192,983
Jun 2008016,826131.3313.03$219,287
May 2008017,970123.1711.57$207,990
Apr 2008016,208110.3110.45$169,452
Mar 2008015,586101.909.66$150,624
Feb 2008016,76992.538.77$147,074
Jan 2008018,34890.388.21$150,559
Dec 2007018,52688.337.30$135,276
Nov 2007518,44791.677.29$134,968
Oct 20071719,48582.856.92$136,283
Sep 20074819,78875.846.24$127,200
Aug 20071720,98169.066.39$135,199
Jul 20072522,21170.906.39$143,655
Jun 2007922,53562.007.55$170,662
May 2007123,16058.747.85$181,779
Apr 2007325,63859.617.81$200,289
Mar 2007026,58556.927.30$194,123
Feb 2007722,33655.108.22$183,898
Jan 20071826,02550.306.73$175,972
Dec 20064927,13356.656.92$190,494
Nov 2006029,81754.207.62$227,130
Oct 2006024,94654.906.01$150,020
Sep 2006025,34160.085.04$127,648
Aug 2006032,00468.717.34$234,907
Jul 2006031,41369.376.34$199,245
Jun 2006032,57066.286.38$207,923
May 2006034,64066.016.42$222,562
Apr 2006035,36964.397.36$260,333
Mar 2006038,83356.707.08$275,051
Feb 2006037,72157.597.75$292,380
Jan 20061644,62060.598.93$399,574
Dec 200514248,66654.9413.42$660,675
Nov 200516748,73954.6910.59$525,201
Oct 200513056,36958.3413.80$785,237
Sep 200510059,40961.4512.08$723,746
Aug 20057860,39061.519.80$596,429
Jul 20056765,19755.697.84$515,113
Jun 20058668,40052.337.38$509,364
May 20057174,93445.226.65$501,609
Apr 200521092,89649.207.36$694,091
Mar 200525392,77050.377.15$676,502
Feb 200526396,11645.226.31$618,569
Jan 2005265110,57743.166.32$710,527
Dec 2004331127,75939.866.75$875,705
Nov 2004205139,89345.286.33$894,864
Oct 20040151,95749.706.52$990,015
Sep 2004528139,13043.245.28$757,980
Aug 2004701120,82242.375.55$700,343
Jul 2004508142,98638.286.08$889,399
Jun 2004647152,32436.106.43$1,003,260
May 20041,009161,46937.486.49$1,086,491
Apr 2004506158,43634.475.86$945,633
Mar 2004016,29234.365.53$90,097

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                6,078 Mcf  × $  3.05 =    $18,513

────────────────────────────────────────────────────
Month total                                  $18,513

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/201079 is the state's own key, not one this site invented.