ADAIR, VELA
ADAIR, VELA is a Texas gas lease in Madison County, Railroad Commission district 03, operated by Mitchell Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,570,433 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $36K, with roughly $7K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 529 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 2,252 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about ADAIR, VELA
- Who operates ADAIR, VELA?
- ADAIR, VELA is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is ADAIR, VELA?
- ADAIR, VELA is a Texas gas lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 141556.
- Is ADAIR, VELA still producing?
- ADAIR, VELA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ADAIR, VELA is August 2026.
- How much has ADAIR, VELA produced?
- ADAIR, VELA has reported 1,570,433 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ADAIR, VELA worth?
- The remaining production from ADAIR, VELA is estimated to be worth about $36K in total as of 27 August 2026, within a range of $28K to $44K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ADAIR, VELA is a fraction of it. The estimate fits an Arps decline curve to the production ADAIR, VELA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ADAIR, VELA is an estimate of value, not an offer and not an appraisal.
- How much income does ADAIR, VELA generate in a year?
- ADAIR, VELA is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ADAIR, VELA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Madisonville (Sub-Clark, Gas) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 141556 |
| Wellbores | 1 |
| Reported production | 1,570,433 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $36K |
Where ADAIR, VELA sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.