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 226877District 04Field 780167502 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
May 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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 Gas112008-12-18187926
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
CondensateDisposition2,135 bbl$157,761
GasProduction467,678 Mcf$2,942,871
Total$3,100,632

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 26.4792, -99.0141. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.47924, -99.01406 · 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
May 2007
1 of 1 wells

1 well

42-4273406627,250 ftMay 2007

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 (229)

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

229 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 2023031570.622.23$702
Apr 2023042478.122.24$949
Mar 2023057472.852.39$1,374
Feb 2023012575.112.47$308
Jan 2023034076.533.39$1,152
Dec 2022039276.415.73$2,246
Nov 2022040885.005.65$2,304
Oct 2022243787.185.86$2,737
Sep 2022045384.888.16$3,698
Aug 2022343294.529.13$4,226
Jul 20220395101.587.54$2,979
Jun 20220512115.097.98$4,084
May 20220639109.378.43$5,389
Apr 20220548104.226.84$3,747
Mar 20220632108.885.08$3,208
Feb 2022049891.054.86$2,420
Jan 2022081981.844.54$3,716
Dec 2021051971.323.90$2,024
Nov 2021042877.435.24$2,241
Oct 2021053179.795.71$3,034
Sep 2021055469.865.35$2,964
Aug 202101,10466.024.22$4,660
Jul 202101,04570.783.98$4,161
Jun 202106669.493.38$223
May 2021083963.483.02$2,532
Apr 2021057960.362.76$1,597
Mar 2021053761.302.72$1,459
Feb 2021043057.805.55$2,386
Jan 2021069750.412.81$1,959
Dec 2020075244.642.68$2,012
Nov 2020058638.772.71$1,586
Oct 20201958336.972.48$2,147
Sep 2020058337.091.99$1,161
Aug 2020060939.982.39$1,453
Jul 2020059838.371.83$1,091
Jun 2020054834.901.69$926
May 2020069116.921.81$1,254
Apr 2020032914.751.80$594
Mar 2020048930.341.86$908
Feb 2020057649.881.98$1,141
Jan 20201162357.252.09$1,935
Dec 2019062059.012.30$1,429
Nov 2019057055.302.75$1,568
Oct 2019059653.472.42$1,441
Sep 2019059755.052.66$1,586
Aug 2019062853.112.30$1,447
Jul 2019064156.272.46$1,577
Jun 2019054852.782.49$1,365
May 2019054658.482.74$1,496
Apr 2019055862.632.75$1,535
Mar 2019059756.803.06$1,828
Feb 2019046550.852.79$1,298
Jan 2019057846.033.23$1,866
Dec 2018058846.594.19$2,461
Nov 2018057252.934.24$2,424
Oct 2018057861.443.40$1,964
Sep 2018063759.543.11$1,980
Aug 2018043659.403.07$1,337
Jul 20181960065.142.93$2,997
Jun 2018058860.183.08$1,809
May 2018063865.382.90$1,851
Apr 2018057963.842.90$1,680
Mar 2018060661.222.79$1,689
Feb 2018055561.782.77$1,535
Jan 2018061562.874.01$2,466
Dec 2017059657.272.92$1,741
Nov 2017059355.423.12$1,849
Oct 2017058849.292.98$1,754
Sep 2017053847.523.09$1,661
Aug 2017059145.373.00$1,776
Jul 2017066043.873.09$2,038
Jun 20172160142.493.09$2,748
May 2017075745.373.26$2,470
Apr 2017054347.933.21$1,744
Mar 2017060446.772.98$1,802
Feb 2017056350.452.95$1,662
Jan 2017064549.413.42$2,205
Dec 201601,33548.763.72$4,970
Nov 2016073342.492.64$1,938
Oct 2016059146.193.09$1,826
Sep 2016040541.553.10$1,256
Aug 2016047341.442.92$1,383
Jul 2016070441.622.92$2,059
Jun 20161865745.352.69$2,581
May 2016075542.521.99$1,503
Apr 2016071036.561.99$1,414
Mar 2016078933.011.79$1,415
Feb 2016076626.472.06$1,581
Jan 2016084527.352.36$1,998
Dec 2015083932.362.00$1,679
Nov 2015064138.792.17$1,389
Oct 2015095043.552.43$2,305
Sep 201501,09942.992.76$3,032
Aug 201501,13340.162.87$3,255
Jul 201501,19848.152.95$3,528
Jun 201501,08856.152.88$3,137
May 201501,04055.212.96$3,074
Apr 2015098749.822.71$2,671
Mar 201501,18742.892.93$3,484
Feb 201501,16044.662.98$3,452
Jan 201501,54843.433.10$4,800
Dec 201401,56354.693.59$5,613
Nov 2014095470.464.25$4,056
Oct 2014079578.303.90$3,101
Sep 2014191,16286.164.05$6,338
Aug 2014095989.394.04$3,870
Jul 2014051996.564.18$2,169
Jun 201401,49098.164.74$7,058
May 20140094.734.73$0
Apr 2014241,25895.944.81$8,352
Mar 201401,86095.895.06$9,406
Feb 2014090697.406.19$5,610
Jan 20142098690.404.86$6,601
Dec 2013091291.824.35$3,971
Nov 201301,05388.853.74$3,936
Oct 2013097197.423.78$3,670
Sep 20130653104.113.72$2,428
Aug 20130189104.253.52$666
Jul 201301,172102.523.72$4,357
Jun 2013077894.403.93$3,060
May 2013084494.834.15$3,502
Apr 2013097993.964.28$4,193
Mar 2013043793.623.91$1,710
Feb 2013076791.233.42$2,623
Jan 2013101,06491.603.42$4,555
Dec 201231,41186.773.42$5,086
Nov 201201,32586.953.62$4,803
Oct 201251,43689.383.40$5,329
Sep 201201,44694.672.92$4,220
Aug 201201,61992.662.91$4,708
Jul 201201,65685.133.02$5,002
Jun 201201,33079.822.52$3,350
May 20120091.612.49$0
Apr 20120199101.652.00$397
Mar 20120990105.052.22$2,200
Feb 201201,433101.102.57$3,683
Jan 201201,36498.092.73$3,729
Dec 201111,34296.873.24$4,445
Nov 2011069395.723.31$2,295
Oct 2011076784.983.65$2,798
Sep 2011194383.623.99$3,842
Aug 201101,16883.404.15$4,846
Jul 201101,20294.144.52$5,430
Jun 201101,32892.904.64$6,162
May 201101,51898.134.40$6,687
Apr 201101,257105.964.33$5,447
Mar 201101,38196.364.06$5,603
Feb 201103185.644.18$130
Jan 201101,03586.504.59$4,749
Dec 2010099685.734.35$4,330
Nov 2010086180.843.80$3,268
Oct 201001,50178.103.51$5,267
Sep 201011,41072.633.98$5,684
Aug 201011,61073.684.42$7,189
Jul 201001,60172.554.74$7,583
Jun 201061,68070.364.91$8,672
May 2010111,55171.124.24$7,351
Apr 2010101,93381.694.12$8,786
Mar 201091,99478.394.39$9,457
Feb 201081,66573.585.44$9,650
Jan 201081,75774.365.96$11,074
Dec 200921,80971.445.48$10,063
Nov 200921,93474.593.75$7,405
Oct 200922,97272.544.11$12,361
Sep 2009274365.543.06$2,408
Aug 200901,88067.423.22$6,051
Jul 200922,04061.133.46$7,190
Jun 200912,23866.163.90$8,783
May 200922,16754.743.93$8,617
Apr 200902,62746.773.59$9,424
Mar 200902,75742.144.06$11,191
Feb 200901,98932.814.63$9,215
Jan 200902,32135.865.37$12,466
Dec 200802,69537.105.98$16,108
Nov 200802,51655.496.86$17,261
Oct 200803,40475.246.92$23,562
Sep 200802,860101.767.88$22,528
Aug 200803,999114.228.48$33,924
Jul 200805,106131.0811.39$58,154
Jun 200843,350131.3313.03$44,185
May 2008155,236123.1711.57$62,451
Apr 2008284,854110.3110.45$53,837
Mar 2008126,436101.909.66$63,421
Feb 2008196,87792.538.77$62,073
Jan 2008449,19690.388.21$79,437
Dec 200725311,99588.337.30$109,935
Nov 200718214,51191.677.29$122,494
Oct 2007020,08782.856.92$139,042
Sep 200718320,91275.846.24$144,457
Aug 200718222,13469.066.39$153,960
Jul 200736828,29270.906.39$206,819
Jun 200736847,65962.007.55$382,568
May 200723487,29158.747.85$698,655

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                  315 Mcf  × $  2.23 =       $702

────────────────────────────────────────────────────
Month total                                     $702

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/226877 is the state's own key, not one this site invented.