VELA, OSCAR
VELA, OSCAR is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Conoco Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2001 to August 2026, totalling 453,513 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 $73K, with roughly $13K 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 563 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 1,602 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 VELA, OSCAR
- Who operates VELA, OSCAR?
- VELA, OSCAR is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is VELA, OSCAR?
- VELA, OSCAR is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 183138.
- Is VELA, OSCAR still producing?
- VELA, OSCAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VELA, OSCAR is August 2026.
- How much has VELA, OSCAR produced?
- VELA, OSCAR has reported 453,513 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2001 and August 2026, from 1 wellbore.
- How much is VELA, OSCAR worth?
- The remaining production from VELA, OSCAR is estimated to be worth about $73K in total as of 27 August 2026, within a range of $57K to $88K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VELA, OSCAR is a fraction of it. The estimate fits an Arps decline curve to the production VELA, OSCAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VELA, OSCAR is an estimate of value, not an offer and not an appraisal.
- How much income does VELA, OSCAR generate in a year?
- VELA, OSCAR is forecast to net about $13K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VELA, OSCAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Roleta (Wilcox Consolidated) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 183138 |
| Wellbores | 1 |
| Reported production | 453,513 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $73K |
Where VELA, OSCAR 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.