VELA, SERAPIO HEIRS B
VELA, SERAPIO HEIRS B 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 September 2001 to August 2026, totalling 1,737,425 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 $498K, with roughly $77K 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 2,955 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 7,450 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, SERAPIO HEIRS B
- Who operates VELA, SERAPIO HEIRS B?
- VELA, SERAPIO HEIRS B is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is VELA, SERAPIO HEIRS B?
- VELA, SERAPIO HEIRS B is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 186376.
- Is VELA, SERAPIO HEIRS B still producing?
- VELA, SERAPIO HEIRS B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VELA, SERAPIO HEIRS B is August 2026.
- How much has VELA, SERAPIO HEIRS B produced?
- VELA, SERAPIO HEIRS B has reported 1,737,425 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2001 and August 2026, from 1 wellbore.
- How much is VELA, SERAPIO HEIRS B worth?
- The remaining production from VELA, SERAPIO HEIRS B is estimated to be worth about $498K in total as of 27 August 2026, within a range of $414K to $583K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VELA, SERAPIO HEIRS B is a fraction of it. The estimate fits an Arps decline curve to the production VELA, SERAPIO HEIRS B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VELA, SERAPIO HEIRS B is an estimate of value, not an offer and not an appraisal.
- How much income does VELA, SERAPIO HEIRS B generate in a year?
- VELA, SERAPIO HEIRS B is forecast to net about $77K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VELA, SERAPIO HEIRS B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Roleta (C-5) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 186376 |
| Wellbores | 1 |
| Reported production | 1,737,425 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $498K |
Where VELA, SERAPIO HEIRS B 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.