VELA ESTATE UNIT
VELA ESTATE UNIT is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Legend Natural Gas, LP. It has 1 wellbore on file with the Commission. Reported production runs from May 2004 to August 2026, totalling 1,793,774 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 $493K, 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 3,445 thousand cubic feet a month. Its strongest month on the record we hold was June 2024, at 4,473 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 UNIT
- Who operates VELA ESTATE UNIT?
- VELA ESTATE UNIT is operated by Legend Natural Gas, LP, Railroad Commission of Texas operator number 495552.
- Where is VELA ESTATE UNIT?
- VELA ESTATE UNIT is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 202188.
- Is VELA ESTATE UNIT still producing?
- VELA ESTATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VELA ESTATE UNIT is August 2026.
- How much has VELA ESTATE UNIT produced?
- VELA ESTATE UNIT has reported 1,793,774 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2004 and August 2026, from 1 wellbore.
- How much is VELA ESTATE UNIT worth?
- The remaining production from VELA ESTATE UNIT is estimated to be worth about $493K in total as of 27 August 2026, within a range of $409K to $576K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VELA ESTATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VELA ESTATE UNIT 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 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VELA ESTATE UNIT generate in a year?
- VELA ESTATE UNIT 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 ESTATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legend Natural Gas, LP |
|---|---|
| Field | Roleta (Wilcox Consolidated) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 202188 |
| Wellbores | 1 |
| Reported production | 1,793,774 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $493K |
Where VELA ESTATE UNIT 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.