VELA

Operated by INEOS USA OIL & GAS LLC (P-5 424176) in the EN SEGUIDO (WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 229792District 04Field 289704752 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Apr 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
230
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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered
1999-08-13
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: AOF-1 AND AOF-2 EFFECTIVE 07/01/2000.

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 Gas112007-10-23176165
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
CondensateDisposition50 bbl$3,278
GasProduction398,853 Mcf$2,506,190
Total$2,509,468

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 26.8682, -99.0524. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.86818, -99.05245 · 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
12,645 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 12,645 ft.

Completions filed
Apr 2007
1 of 1 wells

1 well

42-50535789212,645 ftApr 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 (230)

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

230 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 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
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 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 2015010956.152.88$314
May 201501,01155.212.96$2,988
Apr 201501,07849.822.71$2,918
Mar 201501,18842.892.93$3,486
Feb 201501,13344.662.98$3,372
Jan 201501,46443.433.10$4,539
Dec 201401,46754.693.59$5,269
Nov 201401,91270.464.25$8,130
Oct 2014060178.303.90$2,344
Sep 2014084386.164.05$3,410
Aug 2014093789.394.04$3,781
Jul 201401,20896.564.18$5,049
Jun 201401,52498.164.74$7,219
May 2014025494.734.73$1,201
Apr 201401,33095.944.81$6,396
Mar 201401,25695.895.06$6,351
Feb 201401,54797.406.19$9,579
Jan 2014083590.404.86$4,059
Dec 20130091.824.35$0
Nov 201301,73088.853.74$6,467
Oct 201301,34197.423.78$5,068
Sep 201302,821104.113.72$10,488
Aug 20130898104.253.52$3,163
Jul 20130761102.523.72$2,829
Jun 201302,21994.403.93$8,728
May 201302,95294.834.15$12,248
Apr 2013064793.964.28$2,771
Mar 201301,19993.623.91$4,692
Feb 2013081191.233.42$2,774
Jan 201301,88791.603.42$6,453
Dec 201202,25186.773.42$7,699
Nov 2012089286.953.62$3,233
Oct 2012072589.383.40$2,465
Sep 201201,12894.672.92$3,292
Aug 201201,56592.662.91$4,551
Jul 201201,18185.133.02$3,568
Jun 201201,88779.822.52$4,753
May 201202,12991.612.49$5,298
Apr 201201,564101.652.00$3,123
Mar 201222,317105.052.22$5,359
Feb 201201,246101.102.57$3,203
Jan 201202,30298.092.73$6,294
Dec 201102,53796.873.24$8,219
Nov 201101,50695.723.31$4,987
Oct 201102,45884.983.65$8,968
Sep 201102,69783.623.99$10,750
Aug 201111,73183.404.15$7,266
Jul 201103,01594.144.52$13,619
Jun 201103,49492.904.64$16,212
May 201103,87898.134.40$17,082
Apr 201102,437105.964.33$10,560
Mar 201103,14896.364.06$12,773
Feb 201103,56685.644.18$14,906
Jan 201104,93586.504.59$22,646
Dec 201004,22685.734.35$18,374
Nov 201001,34580.843.80$5,105
Oct 201002,23678.103.51$7,846
Sep 201002,43272.633.98$9,678
Aug 201002,71273.684.42$11,985
Jul 201002,83872.554.74$13,442
Jun 201002,93970.364.91$14,432
May 201002,25871.124.24$9,563
Apr 201001,81381.694.12$7,474
Mar 201002,85778.394.39$12,538
Feb 201002,60173.585.44$14,156
Jan 201003,00874.365.96$17,940
Dec 200902,89371.445.48$15,864
Nov 200902,65774.593.75$9,968
Oct 200913,41572.544.11$14,109
Sep 200903,75065.543.06$11,493
Aug 200903,63667.423.22$11,702
Jul 200905,04161.133.46$17,465
Jun 200903,61966.163.90$14,096
May 200905,61154.743.93$22,027
Apr 200904,00846.773.59$14,379
Mar 200904,90542.144.06$19,909
Feb 200904,72432.814.63$21,886
Jan 200905,37335.865.37$28,858
Dec 200805,64137.105.98$33,717
Nov 200805,37755.496.86$36,888
Oct 200805,86975.246.92$40,625
Sep 200816,286101.767.88$49,617
Aug 200806,208114.228.48$52,663
Jul 200806,934131.0811.39$78,974
Jun 200806,812131.3313.03$88,778
May 200807,419123.1711.57$85,870
Apr 200807,421110.3110.45$77,586
Mar 200808,037101.909.66$77,670
Feb 200807,98392.538.77$70,016
Jan 200808,84690.388.21$72,588
Dec 200739,22688.337.30$67,633
Nov 2007010,40391.677.29$75,856
Oct 2007210,85482.856.92$75,297
Sep 200708,67275.846.24$54,149
Aug 200719,07069.066.39$58,008
Jul 2007013,58370.906.39$86,767
Jun 2007025,26862.007.55$190,734
May 20071738,14558.747.85$300,295
Apr 20072218,35059.617.81$144,537

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.

Jun 2015 — as filed, then multipliedworked
Condensate             0 bbl  × $ 56.15 =         $0
Gas                  109 Mcf  × $  2.88 =       $314

────────────────────────────────────────────────────
Month total                                     $314

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/229792 is the state's own key, not one this site invented.