VELA, J. M.

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BASHARA-HEREFORD (7300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 240232District 04Field 059936002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.3 M
May 2008 – May 2026
Value, last 12 filed months
$57 k
at the published price for each month
Months reported
217
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 182 leases and 182 wells, and the rule below applies to all of them.

Discovered
1986-07-30
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: ALLOCATION FORMULA SUSPENDED EFFECTIVE 2/1/94.

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 Gas112008-12-17187457
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
CondensateDisposition1,874 bbl$154,065
GasProduction1,174,650 Mcf$6,187,654
Total$6,341,720

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 27.2863, -99.3569. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.28634, -99.35694 · 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
9,400 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 9,400 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-50536077179,400 ftMay 2008

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 (217)

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

217 months

May 202601,298106.413.05$3,954
Apr 202601,25898.932.87$3,610
Mar 202601,28589.753.15$4,047
Feb 202601,15163.503.75$4,317
Jan 202601,30159.138.00$10,405
Dec 202501,30956.664.41$5,777
Nov 202501,27758.593.93$5,014
Oct 202501,31459.383.30$4,343
Sep 202501,24562.743.08$3,831
Aug 202501,32563.933.01$3,995
Jul 202501,31866.743.32$4,369
Jun 202501,11066.483.13$3,473
May 202501,32560.553.23$4,283
Apr 202501,27562.363.54$4,517
Mar 202501,36467.704.27$5,822
Feb 202501,21570.884.34$5,274
Jan 202501,36074.324.28$5,819
Dec 202401,43068.993.12$4,464
Nov 202401,35969.052.20$2,988
Oct 202401,42271.372.28$3,244
Sep 202401,35169.612.36$3,194
Aug 202401,43275.632.06$2,955
Jul 202401,43079.932.15$3,070
Jun 202401,40578.082.63$3,701
May 202401,40378.812.20$3,084
Apr 202401,43084.451.66$2,373
Mar 202401,41680.301.55$2,188
Feb 202401,37576.091.78$2,453
Jan 202401,43873.023.30$4,742
Dec 202301,58771.262.61$4,143
Nov 202301,45177.892.81$4,074
Oct 202301,40785.443.09$4,344
Sep 202301,46589.042.74$4,007
Aug 202301,58080.522.67$4,223
Jul 202301,52674.852.64$4,031
Jun 202301,42468.962.26$3,216
May 202301,40070.622.23$3,118
Apr 202301,48478.122.24$3,321
Mar 202301,54372.852.39$3,693
Feb 202301,30675.112.47$3,220
Jan 202301,45976.533.39$4,943
Dec 202201,62576.415.73$9,310
Nov 202201,63485.005.65$9,226
Oct 202201,76787.185.86$10,361
Sep 202201,53184.888.16$12,499
Aug 202201,75994.529.13$16,055
Jul 202201,817101.587.54$13,704
Jun 202201,608115.097.98$12,827
May 202201,838109.378.43$15,500
Apr 202201,529104.226.84$10,455
Mar 202201,559108.885.08$7,914
Feb 202201,46391.054.86$7,108
Jan 202201,86281.844.54$8,449
Dec 202101,69071.323.90$6,590
Nov 202101,77277.435.24$9,280
Oct 202101,61479.795.71$9,222
Sep 202101,59669.865.35$8,540
Aug 202101,86466.024.22$7,867
Jul 202101,87970.783.98$7,482
Jun 202103,71669.493.38$12,562
May 202101,86563.483.02$5,628
Apr 202101,81160.362.76$4,996
Mar 202102,00361.302.72$5,442
Feb 202101,62757.805.55$9,027
Jan 202101,89250.412.81$5,317
Dec 202002,03644.642.68$5,447
Nov 202001,92738.772.71$5,216
Oct 202001,96136.972.48$4,860
Sep 202001,99537.091.99$3,972
Aug 202002,20339.982.39$5,254
Jul 202001,59238.371.83$2,906
Jun 202001,71434.901.69$2,897
May 202001,95016.921.81$3,539
Apr 202002,04614.751.80$3,692
Mar 202002,00930.341.86$3,729
Feb 202001,95349.881.98$3,868
Jan 202002,34057.252.09$4,902
Dec 201901,86559.012.30$4,298
Nov 201901,85855.302.75$5,111
Oct 201902,15153.472.42$5,202
Sep 201902,00655.052.66$5,331
Aug 201902,21053.112.30$5,093
Jul 201902,20556.272.46$5,424
Jun 201901,87252.782.49$4,664
May 201902,25558.482.74$6,179
Apr 201902,17162.632.75$5,972
Mar 201902,29356.803.06$7,021
Feb 201902,00250.852.79$5,590
Jan 201902,17046.033.23$7,005
Dec 201801,82246.594.19$7,626
Nov 201802,03752.934.24$8,631
Oct 201802,14661.443.40$7,292
Sep 201802,26559.543.11$7,040
Aug 201802,42459.403.07$7,433
Jul 201802,49265.142.93$7,306
Jun 201802,00960.183.08$6,182
May 201802,36865.382.90$6,869
Apr 201802,34663.842.90$6,805
Mar 201802,48861.222.79$6,934
Feb 201802,20861.782.77$6,108
Jan 201802,57762.874.01$10,332
Dec 201702,61957.272.92$7,651
Nov 201702,62355.423.12$8,179
Oct 201702,69149.292.98$8,029
Sep 201702,44247.523.09$7,539
Aug 201702,77645.373.00$8,340
Jul 201702,80543.873.09$8,660
Jun 201702,77742.493.09$8,573
May 201702,75145.373.26$8,978
Apr 201702,74647.933.21$8,819
Mar 201702,50846.772.98$7,483
Feb 201702,41950.452.95$7,142
Jan 201702,26049.413.42$7,726
Dec 201602,26448.763.72$8,428
Nov 201602,17042.492.64$5,738
Oct 201602,03746.193.09$6,295
Sep 201602,35641.553.10$7,305
Aug 201602,12641.442.92$6,217
Jul 201682,14241.622.92$6,597
Jun 201602,03445.352.69$5,463
May 201602,42542.521.99$4,828
Apr 201602,45136.561.99$4,880
Mar 2016112,69233.011.79$5,193
Feb 201602,69126.472.06$5,553
Jan 201602,87927.352.36$6,807
Dec 201503,13032.362.00$6,264
Nov 201503,02338.792.17$6,552
Oct 201503,27243.552.43$7,940
Sep 201503,19742.992.76$8,819
Aug 201503,22540.162.87$9,264
Jul 201502,78848.152.95$8,211
Jun 201502,79056.152.88$8,043
May 201502,70955.212.96$8,006
Apr 201502,95449.822.71$7,995
Mar 201503,32742.892.93$9,764
Feb 201503,32144.662.98$9,884
Jan 201503,03143.433.10$9,398
Dec 201403,35854.693.59$12,060
Nov 201403,66670.464.25$15,587
Oct 201403,71178.303.90$14,476
Sep 201403,61886.164.05$14,636
Aug 201404,06589.394.04$16,403
Jul 201403,34096.564.18$13,960
Jun 201403,58998.164.74$17,001
May 201403,91894.734.73$18,519
Apr 201403,88295.944.81$18,669
Mar 201404,71095.895.06$23,818
Feb 201402,38797.406.19$14,780
Jan 201404,11590.404.86$20,002
Dec 2013173,92691.824.35$18,657
Nov 201304,01988.853.74$15,024
Oct 201304,47497.423.78$16,909
Sep 201304,375104.113.72$16,265
Aug 201304,534104.253.52$15,972
Jul 201304,631102.523.72$17,217
Jun 201304,58194.403.93$18,019
May 201304,98594.834.15$20,683
Apr 201364,95493.964.28$21,780
Mar 201304,92693.623.91$19,275
Feb 201304,73791.233.42$16,200
Jan 201305,44691.603.42$18,625
Dec 201205,28886.773.42$18,086
Nov 201205,36386.953.62$19,441
Oct 201205,71189.383.40$19,416
Sep 201205,47594.672.92$15,978
Aug 201206,08092.662.91$17,682
Jul 201205,79285.133.02$17,496
Jun 201206,21279.822.52$15,648
May 201206,47591.612.49$16,112
Apr 201206,434101.652.00$12,847
Mar 201206,668105.052.22$14,817
Feb 201206,132101.102.57$15,761
Jan 201206,82598.092.73$18,660
Dec 201106,79496.873.24$22,011
Nov 201106,77495.723.31$22,431
Oct 201107,26784.983.65$26,514
Sep 201107,25883.623.99$28,929
Aug 201107,81483.404.15$32,423
Jul 201107,95294.144.52$35,921
Jun 201107,82092.904.64$36,284
May 201108,02898.134.40$35,362
Apr 201108,031105.964.33$34,801
Mar 201108,77096.364.06$35,583
Feb 201107,72285.644.18$32,278
Jan 2011249,21686.504.59$44,366
Dec 201009,71685.734.35$42,243
Nov 201009,33180.843.80$35,414
Oct 201009,95078.103.51$34,913
Sep 201009,91272.633.98$39,445
Aug 20105610,56973.684.42$50,834
Jul 2010010,92372.554.74$51,737
Jun 2010010,91370.364.91$53,587
May 20106211,67571.124.24$53,856
Apr 2010011,89981.694.12$49,056
Mar 2010012,06078.394.39$52,927
Feb 20106911,67373.585.44$68,606
Jan 20105413,40274.365.96$83,946
Dec 20095614,03671.445.48$80,971
Nov 2009014,75174.593.75$55,338
Oct 2009014,93772.544.11$61,395
Sep 20097914,64365.543.06$50,055
Aug 2009016,24567.423.22$52,285
Jul 20097017,63161.133.46$65,362
Jun 20099818,24666.163.90$77,552
May 2009018,19354.743.93$71,421
Apr 20099918,51346.773.59$71,046
Mar 20097420,83842.144.06$87,700
Feb 20096820,69632.814.63$98,116
Jan 20097026,62135.865.37$145,492
Dec 200810322,50937.105.98$138,361
Nov 20086224,25455.496.86$169,832
Oct 200812327,78075.246.92$201,547
Sep 20085229,621101.767.88$238,619
Aug 20084933,408114.228.48$288,998
Jul 20089243,258131.0811.39$504,743
Jun 200818552,764131.3313.03$711,950
May 200828755,844123.1711.57$681,704

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                1,298 Mcf  × $  3.05 =     $3,954

────────────────────────────────────────────────────
Month total                                   $3,954

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/240232 is the state's own key, not one this site invented.