VELA, J. M.

Name: VELA, J. M. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the LAREDO (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 70893District 04Field 52025500NGPA filingCondensateGasSave Export

Value, all time

$753 k

Jan 1993 – Jul 2006

Value, last 12 filed months

at the published price for each month

Months reported

163

no gaps in the span

Streams

condensate, gas

The LAREDO (LOBO) field

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 281 leases and 281 wells, and the rule below applies to all of them.

Discovered

1976-02-01

as the register files it

Field class

Gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1976-02-01.

The Commission's schedule remark for this field reads: “SURVEYS.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,371 bbl	$26,083
Gas	Production	425,411 Mcf	$726,686
Total			$752,769

220,431 Mcf of this lease's gas, across 45 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.2890, -99.3635. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.28899, -99.36348 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

9,264 ft

1 wells filed one

Completion to plug

29.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 9,264 ft.

Completions filed

Apr 1977

1 of 1 wells

Plug dates filed

Jul 2006

1 of 1 wells

Last completion to plug: a median of 29.3 years across the 1 well that filed both dates, with the middle half between 29.3 years and 29.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50530554	2	9,264 ft	Apr 1977	Jul 2006	Yes

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 (163)

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

163 months


Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	5	885	43.24	5.28	$4,892
Aug 2004	6	1,413	42.37	5.55	$8,097
Jul 2004	6	1,355	38.28	6.08	$8,474
Jun 2004	11	1,529	36.10	6.43	$10,233
May 2004	11	1,484	37.48	6.49	$10,050
Apr 2004	67	1,620	34.47	5.86	$11,800
Mar 2004	0	2,053	34.36	5.53	$11,353
Feb 2004	0	1,708	32.45	5.51	$9,410
Jan 2004	65	1,860	32.03	6.30	$13,799
Dec 2003	0	1,849	30.26	6.30	$11,652
Nov 2003	0	1,653	28.80	4.60	$7,596
Oct 2003	0	1,627	28.17	4.76	$7,744
Sep 2003	0	1,619	26.31	4.75	$7,689
Aug 2003	0	1,326	29.76	5.13	$6,802
Jul 2003	0	1,551	29.41	5.17	$8,020
Jun 2003	26	1,570	28.56	5.98	$10,136
May 2003	0	1,601	26.59	5.97	$9,562
Apr 2003	0	1,590	26.67	5.41	$8,598
Mar 2003	0	1,588	31.14	6.10	$9,681
Feb 2003	0	1,434	33.48	7.93	$11,366
Jan 2003	0	1,860	30.31	5.58	$10,383
Dec 2002	0	1,926	26.91	4.85	$9,348
Nov 2002	72	1,834	24.66	4.14	$9,363
Oct 2002	0	1,875	26.46	4.23	$7,930
Sep 2002	0	1,825	27.44	3.64	$6,634
Aug 2002	0	1,967	25.96	3.16	$6,224
Jul 2002	0	2,250	24.58	3.06	$6,889
Jun 2002	0	2,008	23.73	3.34	$6,703
May 2002	0	1,848	24.66	3.58	$6,623
Apr 2002	47	1,916	23.65	3.51	$7,841
Mar 2002	0	1,817	22.00	3.10	$5,638
Feb 2002	0	1,653	18.22	2.38	$3,927
Jan 2002	0	1,783	17.17	2.38	$4,236
Dec 2001	0	2,015	16.93	2.36	$4,764
Nov 2001	19	1,737	18.07	2.41	$4,522
Oct 2001	0	1,906	19.78	2.53	$4,820
Sep 2001	0	1,880	24.26	2.25	$4,232
Aug 2001	0	2,068	24.87	3.05	$6,314
Jul 2001	0	2,071	23.93	3.20	$6,621
Jun 2001	0	1,821	24.56	3.82	$6,964
May 2001	0	2,111	25.52	4.31	$9,093
Apr 2001	0	1,975	24.68	5.34	$10,537
Mar 2001	0	2,101	24.54	5.38	$11,296
Feb 2001	15	1,938	27.75	5.77	$11,593
Jan 2001	0	2,396	27.47	8.40	$20,123
Dec 2000	0	2,352	26.88	9.12	$21,456
Nov 2000	0	2,354	32.21	5.66	$13,319
Oct 2000	0	2,251	31.23	5.15	$11,583
Sep 2000	0	2,327	31.87	5.19	$12,069
Aug 2000	5	2,477	29.64	4.54	$11,396
Jul 2000	9	2,688	28.53	4.09	$11,250
Jun 2000	0	2,583	29.30	4.40	$11,358
May 2000	0	2,456	27.26	3.68	$9,037
Apr 2000	0	2,223	24.51	3.12	$6,927
Mar 2000	4	1,848	28.42	2.86	$5,399
Feb 2000	0	1,955	27.62	2.73	$5,330
Jan 2000	0	2,820	25.27	2.48	$6,995
Dec 1999	0	2,710	24.28	2.42	$6,568
Nov 1999	0	3,161	23.19	2.43	$7,694
Oct 1999	0	1,701	20.98	2.80	$4,769
Sep 1999	0	1,248	21.75	2.62	$3,268
Aug 1999	0	1,907	19.26	2.88	$5,484
Jul 1999	0	1,811	17.89	2.37	$4,296
Jun 1999	0	1,776	15.94	2.36	$4,195
May 1999	0	1,643	15.79	2.32	$3,813
Apr 1999	0	1,806	15.10	2.21	$3,988
Mar 1999	0	1,508	12.47	1.84	$2,772
Feb 1999	0	1,616	9.98	1.82	$2,938
Jan 1999	0	2,595	10.38	1.90	$4,930
Dec 1998	0	2,398	9.20	1.77	$4,252
Nov 1998	1	2,595	10.89	2.19	$5,683
Oct 1998	0	3,432	12.42	1.97	$6,758
Sep 1998	72	1,268	12.59	2.08	$3,547
Aug 1998	0	1,554	11.30	1.91	$2,964
Jul 1998	72	2,136	11.74	2.24	$5,624
Jun 1998	0	2,175	11.24	2.24	$4,866
May 1998	66	1,903	12.62	2.21	$5,032
Apr 1998	0	2,200	13.04	2.51	$5,512
Mar 1998	129	2,591	12.80	2.31	$7,635
Feb 1998	0	2,315	13.95	2.30	$5,322
Jan 1998	53	3,657	14.70	2.15	$8,659
Dec 1997	0	3,088	16.32	2.41	$7,445
Nov 1997	0	3,033	18.19	3.09	$9,367
Oct 1997	7	3,961	19.25	3.15	$12,611
Sep 1997	8	3,988	17.74	2.95	$11,926
Aug 1997	7	4,102	17.86	2.55	$10,605
Jul 1997	0	3,967	17.58	2.25	$8,914
Jun 1997	7	3,236	17.24	2.26	$7,425
May 1997	0	4,614	18.97	2.31	$10,651
Apr 1997	8	2,997	17.88	2.08	$6,385
Mar 1997	14	5,036	18.95	1.94	$10,031
Feb 1997	7	2,269	20.49	2.21	$5,149
Jan 1997	9	4,753	23.48	3.54	$17,036
Dec 1996	8	5,845	23.32	—	$187
Nov 1996	8	2,679	21.97	—	$176
Oct 1996	8	3,419	23.31	—	$186
Sep 1996	8	4,570	22.22	—	$178
Aug 1996	7	9,015	20.26	—	$142
Jul 1996	15	9,802	19.55	—	$293
Jun 1996	8	1,888	18.73	—	$150
May 1996	7	2,009	19.43	—	$136
Apr 1996	23	2,157	21.51	—	$495
Mar 1996	8	2,589	19.38	—	$155
Feb 1996	15	2,798	16.98	—	$255
Jan 1996	15	3,371	17.07	—	$256
Dec 1995	15	2,717	17.19	—	$258
Nov 1995	15	2,821	16.00	—	$240
Oct 1995	22	3,391	15.43	—	$339
Sep 1995	24	3,155	16.18	—	$388
Aug 1995	19	2,702	15.92	—	$302
Jul 1995	40	2,542	15.24	—	$610
Jun 1995	0	2,602	16.41	—	$0
May 1995	22	2,412	17.56	—	$386
Apr 1995	0	2,215	17.73	—	$0
Mar 1995	4	2,283	16.44	—	$66
Feb 1995	4	2,351	16.58	—	$66
Jan 1995	0	2,338	15.92	—	$0
Dec 1994	2	914	15.03	—	$30
Nov 1994	0	0	15.90	—	$0
Oct 1994	0	0	15.58	—	$0
Sep 1994	3	0	15.29	—	$46
Aug 1994	3	4,639	16.13	—	$48
Jul 1994	3	5,525	17.56	—	$53
Jun 1994	0	5,999	17.09	—	$0
May 1994	6	5,899	15.88	—	$95
Apr 1994	21	4,870	14.14	—	$297
Mar 1994	0	5,514	12.46	—	$0
Feb 1994	66	4,807	12.50	—	$825
Jan 1994	0	5,543	12.66	—	$0
Dec 1993	0	6,646	12.33	—	$0
Nov 1993	0	4,161	14.49	—	$0
Oct 1993	132	42,196	15.85	—	$2,092
Sep 1993	0	4,753	15.03	—	$0
Aug 1993	0	4,353	15.66	—	$0
Jul 1993	0	4,504	15.46	—	$0
Jun 1993	0	4,481	16.79	—	$0
May 1993	12	4,703	17.68	—	$212
Apr 1993	0	4,079	18.05	—	$0
Mar 1993	0	4,705	18.14	—	$0
Feb 1993	0	4,650	17.90	—	$0
Jan 1993	0	5,819	16.93	—	$0

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.

Sep 2004 — as filed, then multipliedworked

Condensate             5 bbl  × $ 43.24 =       $216
Gas                  885 Mcf  × $  5.28 =     $4,676

────────────────────────────────────────────────────
Month total                                   $4,892

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/70893 is the state's own key, not one this site invented.