VELA STATE UNIT
VELA STATE UNIT is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Escondido Resources II, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 962,218 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 $586K, with roughly $102K 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 2,657 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 9,809 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 STATE UNIT
- Who operates VELA STATE UNIT?
- VELA STATE UNIT is operated by Escondido Resources II, LLC, Railroad Commission of Texas operator number 254236.
- Where is VELA STATE UNIT?
- VELA STATE UNIT is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 274969.
- Is VELA STATE UNIT still producing?
- VELA STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VELA STATE UNIT is August 2026.
- How much has VELA STATE UNIT produced?
- VELA STATE UNIT has reported 962,218 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is VELA STATE UNIT worth?
- The remaining production from VELA STATE UNIT is estimated to be worth about $586K in total as of 26 August 2026, within a range of $486K to $685K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VELA STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VELA STATE 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 STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VELA STATE UNIT generate in a year?
- VELA STATE UNIT is forecast to net about $102K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VELA STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Escondido Resources II, LLC |
|---|---|
| Field | Owen (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 274969 |
| Wellbores | 1 |
| Reported production | 962,218 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $586K |
Where VELA STATE 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.