BILLUPS

Operated by VARAS ENERGY OPERATING COMPANY, (P-5 102824) in the ROMA, EAST (5650) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 223408District 04Field 780167502 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.1 M
Nov 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
235
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 27 leases and 27 wells, and the rule below applies to all of them.

Discovered
1994-06-21
as the register files it
Field class
Gas
the register's own label
Between wells
0 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 2008-11-12.

The Commission's schedule remark for this field reads: PER DOCKET #04-0259433 NO BETWEEN WELL SPACING.

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 Gas112008-12-18187925
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
CondensateDisposition2,959 bbl$191,370
GasProduction563,086 Mcf$3,886,452
Total$4,077,821

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 26.4769, -99.0128. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.47693, -99.01276 · 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
7,250 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 7,250 ft.

Completions filed
Nov 2006
1 of 1 wells

1 well

42-4273402617,250 ftNov 2006

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 (235)

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

235 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023014770.622.23$327
Apr 2023023378.122.24$521
Mar 2023017972.852.39$428
Feb 202305475.112.47$133
Jan 2023016976.533.39$573
Dec 2022023776.415.73$1,358
Nov 2022024785.005.65$1,395
Oct 2022121587.185.86$1,348
Sep 2022039384.888.16$3,208
Aug 2022226894.529.13$2,635
Jul 20220336101.587.54$2,534
Jun 20220216115.097.98$1,723
May 20220177109.378.43$1,493
Apr 20220184104.226.84$1,258
Mar 20220164108.885.08$833
Feb 2022014591.054.86$705
Jan 2022017981.844.54$812
Dec 2021016071.323.90$624
Nov 2021017077.435.24$890
Oct 2021021179.795.71$1,206
Sep 2021012769.865.35$680
Aug 202106966.024.22$291
Jul 2021019570.783.98$777
Jun 20210069.493.38$0
May 2021024563.483.02$739
Apr 2021016860.362.76$463
Mar 2021019561.302.72$530
Feb 202109657.805.55$533
Jan 2021013350.412.81$374
Dec 2020014744.642.68$393
Nov 2020011138.772.71$300
Oct 2020211736.972.48$364
Sep 2020010037.091.99$199
Aug 202008939.982.39$212
Jul 202007638.371.83$139
Jun 2020010334.901.69$174
May 2020012516.921.81$227
Apr 2020012814.751.80$231
Mar 2020012130.341.86$225
Feb 2020016749.881.98$331
Jan 2020313157.252.09$446
Dec 2019016959.012.30$389
Nov 2019011955.302.75$327
Oct 2019014453.472.42$348
Sep 201903055.052.66$80
Aug 201903753.112.30$85
Jul 201904256.272.46$103
Jun 201904052.782.49$100
May 2019046558.482.74$1,274
Apr 2019023262.632.75$638
Mar 2019032556.803.06$995
Feb 20190050.852.79$0
Jan 201906046.033.23$194
Dec 2018016446.594.19$686
Nov 2018013452.934.24$568
Oct 2018015261.443.40$517
Sep 2018014759.543.11$457
Aug 2018013259.403.07$405
Jul 2018414165.142.93$674
Jun 2018015760.183.08$483
May 2018017665.382.90$511
Apr 2018015863.842.90$458
Mar 2018019761.222.79$549
Feb 2018016461.782.77$454
Jan 2018017462.874.01$698
Dec 2017017357.272.92$505
Nov 2017020655.423.12$642
Oct 2017041749.292.98$1,244
Sep 2017027047.523.09$834
Aug 2017036745.373.00$1,103
Jul 2017034643.873.09$1,068
Jun 20171237042.493.09$1,652
May 2017045545.373.26$1,485
Apr 2017035947.933.21$1,153
Mar 2017038646.772.98$1,152
Feb 2017014950.452.95$440
Jan 2017046249.413.42$1,579
Dec 2016045948.763.72$1,709
Nov 2016071042.492.64$1,877
Oct 2016065146.193.09$2,012
Sep 2016046141.553.10$1,429
Aug 2016042541.442.92$1,243
Jul 2016046341.622.92$1,354
Jun 20161450845.352.69$1,999
May 2016049642.521.99$988
Apr 2016044936.561.99$894
Mar 2016049633.011.79$890
Feb 2016046726.472.06$964
Jan 2016040027.352.36$946
Dec 2015052832.362.00$1,057
Nov 2015089538.792.17$1,940
Oct 2015063443.552.43$1,538
Sep 2015058442.992.76$1,611
Aug 2015080940.162.87$2,324
Jul 2015027748.152.95$816
Jun 2015017456.152.88$502
May 2015053555.212.96$1,581
Apr 2015049549.822.71$1,340
Mar 2015056542.892.93$1,658
Feb 2015058044.662.98$1,726
Jan 2015054543.433.10$1,690
Dec 2014035854.693.59$1,286
Nov 2014029770.464.25$1,263
Oct 2014040578.303.90$1,580
Sep 2014957486.164.05$3,098
Aug 2014046089.394.04$1,856
Jul 2014029596.564.18$1,233
Jun 2014082298.164.74$3,894
May 201408394.734.73$392
Apr 20141157395.944.81$3,811
Mar 2014054395.895.06$2,746
Feb 2014035897.406.19$2,217
Jan 20141260190.404.86$4,006
Dec 2013061791.824.35$2,687
Nov 2013067788.853.74$2,531
Oct 2013023897.423.78$899
Sep 20130519104.113.72$1,930
Aug 20130378104.253.52$1,332
Jul 20130594102.523.72$2,208
Jun 2013052694.403.93$2,069
May 2013045094.834.15$1,867
Apr 2013053293.964.28$2,278
Mar 2013053093.623.91$2,074
Feb 2013036391.233.42$1,241
Jan 2013558491.603.42$2,455
Dec 20121871286.773.42$3,997
Nov 2012075986.953.62$2,751
Oct 20123256789.383.40$4,788
Sep 2012063894.672.92$1,862
Aug 201201,02892.662.91$2,990
Jul 201201,48285.133.02$4,477
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 20120178101.652.00$355
Mar 201250543105.052.22$6,459
Feb 20120674101.102.57$1,732
Jan 2012053498.092.73$1,460
Dec 20111067496.873.24$3,152
Nov 2011073095.723.31$2,417
Oct 2011051684.983.65$1,883
Sep 2011958783.623.99$3,092
Aug 2011065683.404.15$2,722
Jul 2011056294.144.52$2,539
Jun 20112468192.904.64$5,389
May 2011072898.134.40$3,207
Apr 201111595105.964.33$3,744
Mar 2011079396.364.06$3,217
Feb 20113356585.644.18$5,188
Jan 2011055086.504.59$2,524
Dec 20104155785.734.35$5,937
Nov 2010066780.843.80$2,531
Oct 2010064778.103.51$2,270
Sep 20104579372.633.98$6,424
Aug 20104580273.684.42$6,860
Jul 2010098172.554.74$4,647
Jun 20104286570.364.91$7,203
May 20103895671.124.24$6,751
Apr 20103895581.694.12$7,041
Mar 2010401,14678.394.39$8,165
Feb 2010481,01173.585.44$9,034
Jan 2010421,68074.365.96$13,143
Dec 2009461,25871.445.48$10,185
Nov 2009371,72574.593.75$9,231
Oct 2009471,72272.544.11$10,487
Sep 2009411,10565.543.06$6,074
Aug 200901,57967.423.22$5,082
Jul 2009421,69961.133.46$8,454
Jun 2009421,75666.163.90$9,618
May 2009621,92254.743.93$10,939
Apr 2009132,01746.773.59$7,844
Mar 2009142,45042.144.06$10,535
Feb 2009292,27532.814.63$11,492
Jan 2009162,74735.865.37$15,328
Dec 2008323,19837.105.98$20,302
Nov 2008192,87155.496.86$20,750
Oct 2008133,43675.246.92$24,762
Sep 200853,493101.767.88$28,023
Aug 2008104,478114.228.48$39,129
Jul 2008104,564131.0811.39$53,292
Jun 2008144,434131.3313.03$59,625
May 2008205,497123.1711.57$66,087
Apr 2008334,895110.3110.45$54,817
Mar 2008136,117101.909.66$60,440
Feb 2008206,02592.538.77$54,693
Jan 2008437,54490.388.21$65,790
Dec 2007238,70588.337.30$65,595
Nov 2007610,46491.677.29$76,850
Oct 2007013,38782.856.92$92,665
Sep 200769,39275.846.24$59,100
Aug 2007711,47969.066.39$73,811
Jul 2007919,01770.906.39$122,118
Jun 2007720,73962.007.55$156,981
May 200727126,25858.747.85$221,946
Apr 200715332,63459.617.81$263,835
Mar 200731641,28156.927.30$319,419
Feb 200717250,62955.108.22$425,445
Jan 200751569,63950.306.73$494,356
Dec 2006212102,84356.656.92$723,523
Nov 200603,77154.207.62$28,726

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 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 70.62 =         $0
Gas                  147 Mcf  × $  2.23 =       $327

────────────────────────────────────────────────────
Month total                                     $327

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/223408 is the state's own key, not one this site invented.