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 202118District 04Field 298012532 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.0 M
May 2004 – May 2026
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
265
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 Gas112004-11-04158311
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
CondensateDisposition68 bbl$5,692
GasProduction479,961 Mcf$2,992,055
Total$2,997,747

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 26.8837, -99.2556. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.88375, -99.25559 · 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
11,397 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 11,397 ft.

Completions filed
May 2004
1 of 1 wells

1 well

42-50534943411,397 ftMay 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 (265)

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

265 months

May 202603106.413.05$9
Apr 202647498.932.87$4,661
Mar 20260389.753.15$9
Feb 20260363.503.75$11
Jan 20260359.138.00$24
Dec 20250356.664.41$13
Nov 20250358.593.93$12
Oct 20250359.383.30$10
Sep 20250862.743.08$25
Aug 20250063.933.01$0
Jul 20250766.743.32$23
Jun 20250366.483.13$9
May 20250760.553.23$23
Apr 20250762.363.54$25
Mar 20250367.704.27$13
Feb 20250370.884.34$13
Jan 20250774.324.28$30
Dec 20240368.993.12$9
Nov 20240869.052.20$18
Oct 20240071.372.28$0
Sep 20240269.612.36$5
Aug 20240475.632.06$8
Jul 20240479.932.15$9
Jun 20240878.082.63$21
May 20240678.812.20$13
Apr 20240584.451.66$8
Mar 20240480.301.55$6
Feb 20240676.091.78$11
Jan 20240673.023.30$20
Dec 20230771.262.61$18
Nov 20230877.892.81$22
Oct 20230485.443.09$12
Sep 20230489.042.74$11
Aug 202301080.522.67$27
Jul 20230474.852.64$11
Jun 202301068.962.26$23
May 20230570.622.23$11
Apr 20230478.122.24$9
Mar 202301072.852.39$24
Feb 20230475.112.47$10
Jan 20230976.533.39$30
Dec 20220476.415.73$23
Nov 20220485.005.65$23
Oct 202201087.185.86$59
Sep 20220484.888.16$33
Aug 20220594.529.13$46
Jul 2022011101.587.54$83
Jun 202205115.097.98$40
May 202204109.378.43$34
Apr 202207104.226.84$48
Mar 202207108.885.08$36
Feb 20220691.054.86$29
Jan 20220681.844.54$27
Dec 20210671.323.90$23
Nov 20210777.435.24$37
Oct 20210779.795.71$40
Sep 20210669.865.35$32
Aug 20210666.024.22$25
Jul 20210770.783.98$28
Jun 20210669.493.38$20
May 202101463.483.02$42
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 202102657.805.55$144
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 202002938.772.71$78
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 2020015639.982.39$372
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20192050.852.79$102
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 201801552.934.24$64
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 201801659.403.07$49
Jul 201805365.142.93$155
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 2018018763.842.90$542
Mar 201807761.222.79$215
Feb 20180261.782.77$6
Jan 20180162.874.01$4
Dec 20170057.272.92$0
Nov 20170155.423.12$3
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170845.373.00$24
Jul 201701043.873.09$31
Jun 20170042.493.09$0
May 201701445.373.26$46
Apr 20170047.933.21$0
Mar 201701446.772.98$42
Feb 20170050.452.95$0
Jan 20170249.413.42$7
Dec 201601148.763.72$41
Nov 201601342.492.64$34
Oct 20160146.193.09$3
Sep 201601741.553.10$53
Aug 201601041.442.92$29
Jul 201602141.622.92$61
Jun 201601645.352.69$43
May 20160042.521.99$0
Apr 201601636.561.99$32
Mar 201602033.011.79$36
Feb 201602526.472.06$52
Jan 201606827.352.36$161
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 201501043.552.43$24
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 2015131748.152.95$676
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 2015089442.892.93$2,624
Feb 201501,45244.662.98$4,321
Jan 201501,51143.433.10$4,685
Dec 201401,56054.693.59$5,603
Nov 201401,69970.464.25$7,224
Oct 201401,79778.303.90$7,010
Sep 201401,71286.164.05$6,926
Aug 201401,98889.394.04$8,022
Jul 201401,98296.564.18$8,284
Jun 201401,92398.164.74$9,109
May 201402,02494.734.73$9,567
Apr 201401,96295.944.81$9,435
Mar 201402,08795.895.06$10,554
Feb 201401,86497.406.19$11,542
Jan 201402,12190.404.86$10,310
Dec 201302,08691.824.35$9,083
Nov 201302,25788.853.74$8,437
Oct 201302,65097.423.78$10,015
Sep 201304,548104.113.72$16,908
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 201301,22394.403.93$4,811
May 201302,11094.834.15$8,755
Apr 201302,12993.964.28$9,118
Mar 201302,17593.623.91$8,510
Feb 201301,95991.233.42$6,700
Jan 201302,07391.603.42$7,089
Dec 201202,14686.773.42$7,340
Nov 201202,11386.953.62$7,660
Oct 201202,29489.383.40$7,799
Sep 201202,13194.672.92$6,219
Aug 201202,07492.662.91$6,032
Jul 201202,13785.133.02$6,455
Jun 201202,01379.822.52$5,071
May 201202,14091.612.49$5,325
Apr 201202,232101.652.00$4,457
Mar 201201,889105.052.22$4,198
Feb 201201,920101.102.57$4,935
Jan 201202,18598.092.73$5,974
Dec 201102,52096.873.24$8,164
Nov 201102,39295.723.31$7,921
Oct 201102,19584.983.65$8,009
Sep 201102,13683.623.99$8,514
Aug 201102,33783.404.15$9,697
Jul 201102,19094.144.52$9,893
Jun 201101,76592.904.64$8,189
May 201101,96798.134.40$8,664
Apr 201101,874105.964.33$8,121
Mar 201102,32796.364.06$9,441
Feb 201101,88185.644.18$7,863
Jan 201102,23486.504.59$10,251
Dec 201002,25385.734.35$9,795
Nov 201002,24480.843.80$8,517
Oct 201002,43978.103.51$8,558
Sep 201002,24072.633.98$8,914
Aug 201002,52573.684.42$11,159
Jul 201002,42472.554.74$11,481
Jun 201002,28270.364.91$11,206
May 201002,29371.124.24$9,711
Apr 201002,48081.694.12$10,224
Mar 201002,45278.394.39$10,761
Feb 201002,44473.585.44$13,301
Jan 201002,77474.365.96$16,544
Dec 200902,90271.445.48$15,914
Nov 200902,89474.593.75$10,857
Oct 200902,90772.544.11$11,949
Sep 200902,65265.543.06$8,128
Aug 200902,69967.423.22$8,687
Jul 200902,71761.133.46$9,413
Jun 200902,76366.163.90$10,762
May 200902,86054.743.93$11,228
Apr 200902,79646.773.59$10,031
Mar 200902,97442.144.06$12,071
Feb 200902,63732.814.63$12,217
Jan 200902,90635.865.37$15,608
Dec 200802,94137.105.98$17,579
Nov 200802,83955.496.86$19,477
Oct 200803,00075.246.92$20,766
Sep 200802,953101.767.88$23,261
Aug 200803,142114.228.48$26,654
Jul 200803,076131.0811.39$35,034
Jun 200803,014131.3313.03$39,280
May 200803,153123.1711.57$36,494
Apr 200803,069110.3110.45$32,086
Mar 200803,073101.909.66$29,698
Feb 200802,98692.538.77$26,189
Jan 200803,20890.388.21$26,324
Dec 200703,22188.337.30$23,520
Nov 200703,24891.677.29$23,683
Oct 200703,34482.856.92$23,147
Sep 200703,36475.846.24$21,005
Aug 200703,58869.066.39$22,920
Jul 200703,15970.906.39$20,180
Jun 200703,62962.007.55$27,393
May 200703,81058.747.85$29,894
Apr 200703,62259.617.81$28,270
Mar 200703,89656.927.30$28,448
Feb 200703,64555.108.22$29,947
Jan 200723,85450.306.73$26,026
Dec 200604,06056.656.92$28,089
Nov 200603,97954.207.62$30,310
Oct 200604,09754.906.01$24,639
Sep 200604,13960.085.04$20,849
Aug 200604,34968.717.34$31,921
Jul 200604,67069.376.34$29,621
Jun 200604,63366.286.38$29,577
May 200604,90466.016.42$31,508
Apr 200604,67464.397.36$34,403
Mar 200614,99656.707.08$35,443
Feb 200604,70157.597.75$36,438
Jan 200605,25860.598.93$46,971
Dec 200505,54254.9413.42$74,348
Nov 200505,26854.6910.59$55,780
Oct 200506,64158.3413.80$91,618
Sep 200504,86161.4512.08$58,716
Aug 200514,98361.519.80$48,879
Jul 200505,47855.697.84$42,967
Jun 200505,45252.337.38$40,241
May 200516,07245.226.65$40,431
Apr 200506,12349.207.36$45,068
Mar 200516,79150.377.15$48,639
Feb 200506,35145.226.31$40,087
Jan 200507,65643.166.32$48,403
Dec 200408,42439.866.75$56,871
Nov 200409,11445.286.33$57,695
Oct 2004012,03249.706.52$78,390
Sep 200409,86243.245.28$52,110
Aug 2004012,27942.375.55$68,157
Jul 2004015,99438.286.08$97,310
Jun 2004032,41336.106.43$208,513
May 2004010,70337.486.49$69,511

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                    3 Mcf  × $  3.05 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/202118 is the state's own key, not one this site invented.