VELA ESTATE UNIT

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 202188District 04Field 298012532 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.1 M
May 2004 – May 2026
Value, last 12 filed months
$155 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 Gas112004-09-16158854
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
CondensateDisposition2,760 bbl$158,371
GasProduction1,793,774 Mcf$9,963,324
Total$10,121,695

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 26.7400, -99.2310. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.74004, -99.23100 · 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
11,520 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 11,520 ft.

Completions filed
May 2004
1 of 1 wells

1 well

42-505349452011,520 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 202603,400106.413.05$10,356
Apr 202603,22198.932.87$9,243
Mar 202603,12289.753.15$9,833
Feb 202602,91763.503.75$10,940
Jan 202603,56959.138.00$28,545
Dec 202503,48856.664.41$15,394
Nov 202503,43358.593.93$13,479
Oct 202503,98759.383.30$13,176
Sep 202503,55762.743.08$10,945
Aug 202503,84263.933.01$11,583
Jul 202503,43666.743.32$11,391
Jun 202503,37066.483.13$10,544
May 202503,39860.553.23$10,983
Apr 202502,77262.363.54$9,822
Mar 202502,76767.704.27$11,810
Feb 202503,41570.884.34$14,824
Jan 2025094774.324.28$4,052
Dec 202403,72168.993.12$11,615
Nov 202403,39469.052.20$7,462
Oct 202403,12271.372.28$7,123
Sep 202403,59669.612.36$8,502
Aug 202403,83275.632.06$7,908
Jul 202404,09879.932.15$8,797
Jun 202404,47378.082.63$11,782
May 202403,95678.812.20$8,697
Apr 202403,73184.451.66$6,190
Mar 202403,81980.301.55$5,901
Feb 202403,24076.091.78$5,779
Jan 202403,33473.023.30$10,994
Dec 202303,95971.262.61$10,336
Nov 202303,74777.892.81$10,520
Oct 202303,85685.443.09$11,905
Sep 202303,52289.042.74$9,633
Aug 202303,51480.522.67$9,393
Jul 202303,55974.852.64$9,402
Jun 202303,33268.962.26$7,525
May 202304,04070.622.23$8,999
Apr 202304,18978.122.24$9,374
Mar 202302,39872.852.39$5,739
Feb 202301,85875.112.47$4,581
Jan 202302,25476.533.39$7,636
Dec 202203,61376.415.73$20,699
Nov 202203,53185.005.65$19,937
Oct 202203,73987.185.86$21,925
Sep 202203,26884.888.16$26,679
Aug 202203,40494.529.13$31,069
Jul 202203,370101.587.54$25,417
Jun 202203,320115.097.98$26,484
May 202203,385109.378.43$28,546
Apr 202203,246104.226.84$22,195
Mar 202203,346108.885.08$16,986
Feb 202202,89191.054.86$14,047
Jan 202202,98881.844.54$13,559
Dec 202101,73071.323.90$6,745
Nov 202103,20677.435.24$16,789
Oct 202103,77179.795.71$21,547
Sep 202101,91269.865.35$10,231
Aug 202103,17466.024.22$13,396
Jul 202102,93770.783.98$11,695
Jun 202103,01069.493.38$10,176
May 202102,86163.483.02$8,634
Apr 202102,89060.362.76$7,972
Mar 202102,96461.302.72$8,053
Feb 202102,84657.805.55$15,789
Jan 202103,31150.412.81$9,305
Dec 202003,26944.642.68$8,746
Nov 202003,14138.772.71$8,501
Oct 202003,23136.972.48$8,008
Sep 202003,05937.091.99$6,091
Aug 202003,42339.982.39$8,164
Jul 202003,25838.371.83$5,946
Jun 202003,06134.901.69$5,174
May 202003,38616.921.81$6,145
Apr 202003,38114.751.80$6,101
Mar 202003,74130.341.86$6,944
Feb 202003,83849.881.98$7,602
Jan 202004,23557.252.09$8,871
Dec 201904,13059.012.30$9,517
Nov 201903,94955.302.75$10,863
Oct 201903,89053.472.42$9,408
Sep 201903,82955.052.66$10,175
Aug 201904,00753.112.30$9,234
Jul 201904,14056.272.46$10,185
Jun 201903,63752.782.49$9,060
May 201903,77958.482.74$10,356
Apr 201903,50362.632.75$9,636
Mar 201903,62756.803.06$11,106
Feb 201903,39350.852.79$9,474
Jan 201903,64546.033.23$11,767
Dec 201803,64446.594.19$15,252
Nov 201803,27852.934.24$13,890
Oct 201803,57161.443.40$12,135
Sep 201803,50559.543.11$10,894
Aug 201803,45659.403.07$10,598
Jul 201803,64365.142.93$10,681
Jun 201803,54460.183.08$10,905
May 201803,71665.382.90$10,779
Apr 201803,42463.842.90$9,932
Mar 201803,50261.222.79$9,760
Feb 201803,46361.782.77$9,579
Jan 201803,93062.874.01$15,757
Dec 201703,70257.272.92$10,815
Nov 201703,55555.423.12$11,086
Oct 201703,54849.292.98$10,586
Sep 201703,24747.523.09$10,024
Aug 201703,42545.373.00$10,290
Jul 201703,31443.873.09$10,231
Jun 201703,32242.493.09$10,256
May 201703,73345.373.26$12,182
Apr 201703,53847.933.21$11,363
Mar 201703,61646.772.98$10,789
Feb 201703,39450.452.95$10,021
Jan 201703,55149.413.42$12,140
Dec 201603,61248.763.72$13,447
Nov 201603,70342.492.64$9,792
Oct 201604,04546.193.09$12,500
Sep 201603,53541.553.10$10,961
Aug 201603,88041.442.92$11,346
Jul 201603,78041.622.92$11,054
Jun 201603,65545.352.69$9,817
May 201603,40442.521.99$6,778
Apr 201603,36436.561.99$6,698
Mar 201603,14033.011.79$5,633
Feb 201602,90526.472.06$5,995
Jan 201603,28527.352.36$7,767
Dec 201503,16132.362.00$6,326
Nov 201503,03538.792.17$6,578
Oct 201503,39543.552.43$8,238
Sep 201502,91942.992.76$8,052
Aug 201503,66340.162.87$10,522
Jul 201503,41548.152.95$10,057
Jun 2015213,81456.152.88$12,174
May 201514,61755.212.96$13,701
Apr 201524,04049.822.71$11,034
Mar 201504,42242.892.93$12,977
Feb 201514,51944.662.98$13,494
Jan 201535,18843.433.10$16,216
Dec 201424,92454.693.59$17,793
Nov 201404,97270.464.25$21,140
Oct 201414,33478.303.90$16,985
Sep 201484,02886.164.05$16,984
Aug 201404,94989.394.04$19,970
Jul 201424,33396.564.18$18,303
Jun 201404,42998.164.74$20,980
May 201404,46694.734.73$21,109
Apr 201424,59795.944.81$22,299
Mar 201404,89795.895.06$24,763
Feb 201404,75797.406.19$29,455
Jan 201415,20490.404.86$25,386
Dec 201315,47591.824.35$23,933
Nov 201302,89388.853.74$10,815
Oct 201325,02097.423.78$19,167
Sep 201304,985104.113.72$18,533
Aug 201335,322104.253.52$19,060
Jul 201315,402102.523.72$20,186
Jun 201385,31694.403.93$21,665
May 201305,02894.834.15$20,862
Apr 201324,74893.964.28$20,522
Mar 201344,91393.623.91$19,598
Feb 201334,68491.233.42$16,293
Jan 2013685,08091.603.42$23,602
Dec 201245,12286.773.42$17,865
Nov 201214,65186.953.62$16,947
Oct 201204,94689.383.40$16,815
Sep 201204,88894.672.92$14,265
Aug 201205,26992.662.91$15,323
Jul 201206,22485.133.02$18,801
Jun 201205,73379.822.52$14,442
May 201205,03091.612.49$12,516
Apr 201204,972101.652.00$9,928
Mar 201205,455105.052.22$12,121
Feb 201204,320101.102.57$11,103
Jan 201204,87498.092.73$13,326
Dec 201105,10696.873.24$16,542
Nov 201105,46895.723.31$18,106
Oct 201105,82484.983.65$21,249
Sep 201105,07183.623.99$20,212
Aug 201115,68383.404.15$23,664
Jul 201106,48894.144.52$29,308
Jun 201105,98292.904.64$27,756
May 201106,26898.134.40$27,609
Apr 201106,284105.964.33$27,230
Mar 201106,26096.364.06$25,399
Feb 201115,71385.644.18$23,966
Jan 201106,20786.504.59$28,483
Dec 2010876,43485.734.35$35,432
Nov 201004,70180.843.80$17,842
Oct 201005,80778.103.51$20,376
Sep 201005,63572.633.98$22,424
Aug 201016,66473.684.42$29,524
Jul 201017,07172.554.74$33,564
Jun 201007,22170.364.91$35,458
May 20101657,49171.124.24$43,461
Apr 201007,53081.694.12$31,044
Mar 201007,72178.394.39$33,885
Feb 201017,10773.585.44$38,752
Jan 201018,19874.365.96$48,968
Dec 200918,26071.445.48$45,367
Nov 2009187,00774.593.75$27,629
Oct 2009010,05972.544.11$41,345
Sep 2009810,82565.543.06$33,700
Aug 200968,59467.423.22$28,064
Jul 200956,26861.133.46$22,021
Jun 200956,37866.163.90$25,173
May 2009106,79854.743.93$27,235
Apr 200957,12546.773.59$25,795
Mar 2009910,51142.144.06$43,043
Feb 20091246,61032.814.63$34,693
Jan 200937,35235.865.37$39,595
Dec 200856,33437.105.98$38,045
Nov 200806,37955.496.86$43,762
Oct 200845,33375.246.92$37,216
Sep 200867,189101.767.88$57,239
Aug 200807,289114.228.48$61,833
Jul 200867,159131.0811.39$82,323
Jun 200836,910131.3313.03$90,449
May 200867,559123.1711.57$88,229
Apr 200858,103110.3110.45$85,267
Mar 2008127,466101.909.66$73,375
Feb 20081049,49392.538.77$92,882
Jan 20081410,73390.388.21$89,337
Dec 2007118,22488.337.30$61,023
Nov 200768,64791.677.29$63,601
Oct 200798,56082.856.92$59,998
Sep 200717,08275.846.24$44,297
Aug 20071648,42769.066.39$65,157
Jul 200737,82170.906.39$50,173
Jun 2007187,12162.007.55$54,869
May 200708,42158.747.85$66,074
Apr 200799,46259.617.81$74,389
Mar 20071510,81156.927.30$79,795
Feb 200717110,65355.108.22$96,947
Jan 2007511,78650.306.73$79,534
Dec 200659,51656.656.92$66,119
Nov 2006611,56954.207.62$88,452
Oct 20062413,57954.906.01$82,979
Sep 2006814,18260.085.04$71,918
Aug 2006712,17968.717.34$89,874
Jul 2006016,15369.376.34$102,455
Jun 2006715,31466.286.38$98,227
May 2006014,69066.016.42$94,383
Apr 2006714,22064.397.36$105,117
Mar 200612515,85556.707.08$119,387
Feb 2006614,56957.597.75$113,272
Jan 20062417,47960.598.93$157,600
Dec 200520819,32554.9413.42$270,680
Nov 20051120,29154.6910.59$215,451
Oct 20051822,51358.3413.80$311,634
Sep 20051616,54561.4512.08$200,830
Aug 2005917,67961.519.80$173,752
Jul 2005019,95855.697.84$156,543
Jun 20051017,06752.337.38$126,496
May 20051719,17845.226.65$128,325
Apr 20052624,39949.207.36$180,868
Mar 200520728,35650.377.15$213,310
Feb 20052926,24445.226.31$166,961
Jan 20053131,64743.166.32$201,417
Dec 200420634,37939.866.75$240,307
Nov 20042130,16645.286.33$191,914
Oct 200420539,38149.706.52$266,760
Sep 200417638,32143.245.28$210,095
Aug 2004034,25042.375.55$190,110
Jul 200418037,57638.286.08$235,510
Jun 2004144,16836.106.43$284,170
May 200408,53637.486.49$55,438

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                3,400 Mcf  × $  3.05 =    $10,356

────────────────────────────────────────────────────
Month total                                  $10,356

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/202188 is the state's own key, not one this site invented.