VELA, M.

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

Operated by NEWMAN OPERATING COMPANY (P-5 607391) in the LOMA NOVIA field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1557District 04Field 54506001OilCasinghead gasSave Export

Value, all time

$1.9 M

Jan 1993 – Apr 2017

Value, last 12 filed months

at the published price for each month

Months reported

292

no gaps in the span

Streams

oil, casinghead gas

The LOMA NOVIA 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 69 leases and 329 wells, and the rule below applies to all of them.

Discovered

1934-01-01

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 10 acres.

The Commission's schedule remark for this field reads: “PER SPECIAL ORDER DATED 5/25/35/LP.”

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
Oil	Disposition	51,987 bbl	$1,881,398
Casinghead gas	Production	21 Mcf	$0
Total			$1,881,398

21 Mcf of this lease's gas, across 21 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 (9)

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 27.9056, -98.5716. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

27.90644, -98.57180 · 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%

9 of 9 wells

With a plug date

100.0%

9 of 9 wells

Median depth

2,747 ft

9 wells filed one

Completion to plug

34.7 years

median over 5 wells

What the state filed about each well

On the RRC proration schedule

9100.0%

A plug date is filed

9100.0%

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

9100.0%

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

Total depth in feet, 9 of 9 wells. Median 2,747 ft, with the middle half between 2,710 and 2,847 ft; the shallowest is 2,692 ft and the deepest 2,855 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 5 of 9 wells, Sep 1956 – Nov 1956. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Sep 1956 – Nov 1956

5 of 9 wells; 4 filed none

Plug dates filed

Apr 1991 – Feb 2017

9 of 9 wells

Last completion to plug: a median of 34.7 years across the 5 wells that filed both dates, with the middle half between 34.6 years and 34.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells


42-13103132	2	2,850 ft	—	Feb 2017	Yes
42-13103133	3	2,702 ft	—	Feb 2017	Yes
42-13103135	5	2,692 ft	—	Oct 2011	Yes
42-13103150	21	2,746 ft	—	Apr 1991	Yes
42-13180856	22	2,747 ft	Nov 1956	Feb 2017	Yes
42-13103148	19	2,847 ft	Oct 1956	May 1991	Yes
42-13103147	18	2,710 ft	Oct 1956	Apr 1991	Yes
42-13103149	20	2,836 ft	Sep 1956	May 1991	Yes
42-13103146	17	2,855 ft	Sep 1956	May 1991	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 (292)

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

292 months


Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	40	0	36.56	1.99	$1,462
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	157	0	91.61	2.49	$14,383
Apr 2012	166	0	101.65	2.00	$16,874
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	163	0	101.10	2.57	$16,479
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	166	0	96.87	3.24	$16,080
Nov 2011	161	0	95.72	3.31	$15,411
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	178	0	83.62	3.99	$14,884
Aug 2011	179	0	83.40	4.15	$14,929
Jul 2011	175	0	94.14	4.52	$16,475
Jun 2011	157	0	92.90	4.64	$14,585
May 2011	0	0	98.13	4.40	$0
Apr 2011	176	0	105.96	4.33	$18,649
Mar 2011	180	0	96.36	4.06	$17,345
Feb 2011	167	0	85.64	4.18	$14,302
Jan 2011	179	0	86.50	4.59	$15,484
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	173	0	80.84	3.80	$13,985
Oct 2010	162	0	78.10	3.51	$12,652
Sep 2010	169	0	72.63	3.98	$12,274
Aug 2010	166	0	73.68	4.42	$12,231
Jul 2010	174	0	72.55	4.74	$12,624
Jun 2010	0	0	70.36	4.91	$0
May 2010	158	0	71.12	4.24	$11,237
Apr 2010	179	0	81.69	4.12	$14,623
Mar 2010	173	0	78.39	4.39	$13,561
Feb 2010	180	0	73.58	5.44	$13,244
Jan 2010	183	0	74.36	5.96	$13,608
Dec 2009	176	0	71.44	5.48	$12,573
Nov 2009	166	0	74.59	3.75	$12,382
Oct 2009	177	0	72.54	4.11	$12,840
Sep 2009	179	0	65.54	3.06	$11,732
Aug 2009	171	0	67.42	3.22	$11,529
Jul 2009	174	0	61.13	3.46	$10,637
Jun 2009	176	0	66.16	3.90	$11,644
May 2009	159	0	54.74	3.93	$8,704
Apr 2009	165	0	46.77	3.59	$7,717
Mar 2009	180	0	42.14	4.06	$7,585
Feb 2009	178	0	32.81	4.63	$5,840
Jan 2009	178	0	35.86	5.37	$6,383
Dec 2008	163	0	37.10	5.98	$6,047
Nov 2008	332	0	55.49	6.86	$18,423
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	320	0	101.76	7.88	$32,563
Aug 2008	184	0	114.22	8.48	$21,016
Jul 2008	184	0	131.08	11.39	$24,119
Jun 2008	180	0	131.33	13.03	$23,639
May 2008	188	0	123.17	11.57	$23,156
Apr 2008	153	0	110.31	10.45	$16,877
Mar 2008	176	0	101.90	9.66	$17,934
Feb 2008	184	0	92.53	8.77	$17,026
Jan 2008	185	0	90.38	8.21	$16,720
Dec 2007	185	0	88.33	7.30	$16,341
Nov 2007	181	0	91.67	7.29	$16,592
Oct 2007	187	0	82.85	6.92	$15,493
Sep 2007	179	0	75.84	6.24	$13,575
Aug 2007	364	0	69.06	6.39	$25,138
Jul 2007	166	0	70.90	6.39	$11,769
Jun 2007	180	0	62.00	7.55	$11,160
May 2007	180	0	58.74	7.85	$10,573
Apr 2007	189	0	59.61	7.81	$11,266
Mar 2007	188	0	56.92	7.30	$10,701
Feb 2007	190	0	55.10	8.22	$10,469
Jan 2007	163	0	50.30	6.73	$8,199
Dec 2006	182	0	56.65	6.92	$10,310
Nov 2006	178	0	54.20	7.62	$9,648
Oct 2006	171	0	54.90	6.01	$9,388
Sep 2006	338	0	60.08	5.04	$20,307
Aug 2006	167	0	68.71	7.34	$11,475
Jul 2006	175	0	69.37	6.34	$12,140
Jun 2006	190	0	66.28	6.38	$12,593
May 2006	191	0	66.01	6.42	$12,608
Apr 2006	192	0	64.39	7.36	$12,363
Mar 2006	188	0	56.70	7.08	$10,660
Feb 2006	179	0	57.59	7.75	$10,309
Jan 2006	356	0	60.59	8.93	$21,570
Dec 2005	186	0	54.94	13.42	$10,219
Nov 2005	163	0	54.69	10.59	$8,914
Oct 2005	191	0	58.34	13.80	$11,143
Sep 2005	180	0	61.45	12.08	$11,061
Aug 2005	190	0	61.51	9.80	$11,687
Jul 2005	341	0	55.69	7.84	$18,990
Jun 2005	175	0	52.33	7.38	$9,158
May 2005	197	0	45.22	6.65	$8,908
Apr 2005	182	0	49.20	7.36	$8,954
Mar 2005	186	0	50.37	7.15	$9,369
Feb 2005	319	0	45.22	6.31	$14,425
Jan 2005	184	0	43.16	6.32	$7,941
Dec 2004	173	0	39.86	6.75	$6,896
Nov 2004	182	0	45.28	6.33	$8,241
Oct 2004	176	0	49.70	6.52	$8,747
Sep 2004	369	0	43.24	5.28	$15,956
Aug 2004	177	0	42.37	5.55	$7,499
Jul 2004	180	0	38.28	6.08	$6,890
Jun 2004	156	0	36.10	6.43	$5,632
May 2004	173	0	37.48	6.49	$6,484
Apr 2004	167	0	34.47	5.86	$5,756
Mar 2004	331	0	34.36	5.53	$11,373
Feb 2004	167	0	32.45	5.51	$5,419
Jan 2004	174	0	32.03	6.30	$5,573
Dec 2003	323	0	30.26	6.30	$9,774
Nov 2003	183	0	28.80	4.60	$5,270
Oct 2003	178	0	28.17	4.76	$5,014
Sep 2003	312	0	26.31	4.75	$8,209
Aug 2003	178	0	29.76	5.13	$5,297
Jul 2003	200	0	29.41	5.17	$5,882
Jun 2003	339	0	28.56	5.98	$9,682
May 2003	171	0	26.59	5.97	$4,547
Apr 2003	185	0	26.67	5.41	$4,934
Mar 2003	173	0	31.14	6.10	$5,387
Feb 2003	175	0	33.48	7.93	$5,859
Jan 2003	176	0	30.31	5.58	$5,335
Dec 2002	175	0	26.91	4.85	$4,709
Nov 2002	347	0	24.66	4.14	$8,557
Oct 2002	156	0	26.46	4.23	$4,128
Sep 2002	349	0	27.44	3.64	$9,577
Aug 2002	158	0	25.96	3.16	$4,102
Jul 2002	177	0	24.58	3.06	$4,351
Jun 2002	311	0	23.73	3.34	$7,380
May 2002	177	0	24.66	3.58	$4,365
Apr 2002	344	0	23.65	3.51	$8,136
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	364	0	18.22	2.38	$6,632
Jan 2002	182	0	17.17	2.38	$3,125
Dec 2001	183	0	16.93	2.36	$3,098
Nov 2001	184	0	18.07	2.41	$3,325
Oct 2001	181	0	19.78	2.53	$3,580
Sep 2001	172	0	24.26	2.25	$4,173
Aug 2001	173	0	24.87	3.05	$4,303
Jul 2001	171	0	23.93	3.20	$4,092
Jun 2001	348	0	24.56	3.82	$8,547
May 2001	173	0	25.52	4.31	$4,415
Apr 2001	175	0	24.68	5.34	$4,319
Mar 2001	177	0	24.54	5.38	$4,344
Feb 2001	349	0	27.75	5.77	$9,685
Jan 2001	178	0	27.47	8.40	$4,890
Dec 2000	361	0	26.88	9.12	$9,704
Nov 2000	175	0	32.21	5.66	$5,637
Oct 2000	176	0	31.23	5.15	$5,496
Sep 2000	172	0	31.87	5.19	$5,482
Aug 2000	350	0	29.64	4.54	$10,374
Jul 2000	187	0	28.53	4.09	$5,335
Jun 2000	176	0	29.30	4.40	$5,157
May 2000	349	0	27.26	3.68	$9,514
Apr 2000	175	0	24.51	3.12	$4,289
Mar 2000	347	0	28.42	2.86	$9,862
Feb 2000	187	0	27.62	2.73	$5,165
Jan 2000	353	0	25.27	2.48	$8,920
Dec 1999	353	0	24.28	2.42	$8,571
Nov 1999	185	0	23.19	2.43	$4,290
Oct 1999	338	0	20.98	2.80	$7,091
Sep 1999	308	0	21.75	2.62	$6,699
Aug 1999	315	0	19.26	2.88	$6,067
Jul 1999	313	0	17.89	2.37	$5,600
Jun 1999	309	0	15.94	2.36	$4,925
May 1999	150	0	15.79	2.32	$2,369
Apr 1999	172	0	15.10	2.21	$2,597
Mar 1999	355	0	12.47	1.84	$4,427
Feb 1999	372	0	9.98	1.82	$3,713
Jan 1999	166	0	10.38	1.90	$1,723
Dec 1998	189	0	9.20	1.77	$1,739
Nov 1998	335	0	10.89	2.19	$3,648
Oct 1998	341	0	12.42	1.97	$4,235
Sep 1998	342	0	12.59	2.08	$4,306
Aug 1998	331	0	11.30	1.91	$3,740
Jul 1998	167	0	11.74	2.24	$1,961
Jun 1998	366	0	11.24	2.24	$4,114
May 1998	386	0	12.62	2.21	$4,871
Apr 1998	335	0	13.04	2.51	$4,368
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	330	0	13.95	2.30	$4,604
Jan 1998	321	0	14.70	2.15	$4,719
Dec 1997	513	0	16.32	2.41	$8,372
Nov 1997	178	0	18.19	3.09	$3,238
Oct 1997	362	0	19.25	3.15	$6,969
Sep 1997	338	0	17.74	2.95	$5,996
Aug 1997	349	0	17.86	2.55	$6,233
Jul 1997	337	0	17.58	2.25	$5,924
Jun 1997	349	0	17.24	2.26	$6,017
May 1997	339	0	18.97	2.31	$6,431
Apr 1997	350	0	17.88	2.08	$6,258
Mar 1997	361	0	18.95	1.94	$6,841
Feb 1997	359	0	20.49	2.21	$7,356
Jan 1997	175	0	23.48	3.54	$4,109
Dec 1996	352	0	23.32	—	$8,209
Nov 1996	179	0	21.97	—	$3,933
Oct 1996	177	0	23.31	—	$4,126
Sep 1996	179	0	22.22	—	$3,977
Aug 1996	178	0	20.26	—	$3,606
Jul 1996	348	0	19.55	—	$6,803
Jun 1996	178	0	18.73	—	$3,334
May 1996	366	0	19.43	—	$7,111
Apr 1996	182	0	21.51	—	$3,915
Mar 1996	338	0	19.38	—	$6,550
Feb 1996	174	0	16.98	—	$2,955
Jan 1996	307	0	17.07	—	$5,240
Dec 1995	178	0	17.19	—	$3,060
Nov 1995	358	0	16.00	—	$5,728
Oct 1995	164	0	15.43	—	$2,531
Sep 1995	352	0	16.18	—	$5,695
Aug 1995	188	0	15.92	—	$2,993
Jul 1995	183	0	15.24	—	$2,789
Jun 1995	347	0	16.41	—	$5,694
May 1995	185	0	17.56	—	$3,249
Apr 1995	358	0	17.73	—	$6,347
Mar 1995	183	0	16.44	—	$3,009
Feb 1995	350	0	16.58	—	$5,803
Jan 1995	160	0	15.92	—	$2,547
Dec 1994	175	0	15.03	—	$2,630
Nov 1994	174	0	15.90	—	$2,767
Oct 1994	177	0	15.58	—	$2,758
Sep 1994	350	1	15.29	—	$5,352
Aug 1994	185	1	16.13	—	$2,984
Jul 1994	186	1	17.56	—	$3,266
Jun 1994	171	1	17.09	—	$2,922
May 1994	372	1	15.88	—	$5,907
Apr 1994	363	1	14.14	—	$5,133
Mar 1994	177	1	12.46	—	$2,205
Feb 1994	352	1	12.50	—	$4,400
Jan 1994	362	1	12.66	—	$4,583
Dec 1993	0	1	12.33	—	$0
Nov 1993	364	1	14.49	—	$5,274
Oct 1993	0	1	15.85	—	$0
Sep 1993	345	1	15.03	—	$5,185
Aug 1993	353	1	15.66	—	$5,528
Jul 1993	354	1	15.46	—	$5,473
Jun 1993	332	1	16.79	—	$5,574
May 1993	358	1	17.68	—	$6,329
Apr 1993	336	1	18.05	—	$6,065
Mar 1993	355	1	18.14	—	$6,440
Feb 1993	176	1	17.90	—	$3,150
Jan 1993	345	1	16.93	—	$5,841

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.

Apr 2016 — as filed, then multipliedworked

Oil                   40 bbl  × $ 36.56 =     $1,462
Casinghead gas         0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $1,462

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/O/1557 is the state's own key, not one this site invented.