VELA ESTATE
VELA ESTATE is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1997 to August 2026, totalling 6,708,637 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 $660K, with roughly $100K 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 4,550 thousand cubic feet a month. Its strongest month on the record we hold was January 2021, at 10,996 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 VELA ESTATE
- Who operates VELA ESTATE?
- VELA ESTATE is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is VELA ESTATE?
- VELA ESTATE is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 164382.
- Is VELA ESTATE still producing?
- VELA ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VELA ESTATE is August 2026.
- How much has VELA ESTATE produced?
- VELA ESTATE has reported 6,708,637 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1997 and August 2026, from 1 wellbore.
- How much is VELA ESTATE worth?
- The remaining production from VELA ESTATE is estimated to be worth about $660K in total as of 27 August 2026, within a range of $548K to $772K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VELA ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production VELA ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VELA ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does VELA ESTATE generate in a year?
- VELA ESTATE is forecast to net about $100K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VELA ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Roleta (Wilcox Consolidated) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 164382 |
| Wellbores | 1 |
| Reported production | 6,708,637 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $660K |
Where VELA ESTATE 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.