VELA
VELA 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 August 1997 to August 2026, totalling 12,224,173 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 $2.5M, with roughly $386K 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 16,185 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 21,285 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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
- Who operates VELA?
- VELA is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is VELA?
- VELA is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 166711.
- Is VELA still producing?
- VELA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VELA is August 2026.
- How much has VELA produced?
- VELA has reported 12,224,173 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1997 and August 2026, from 1 wellbore.
- How much is VELA worth?
- The remaining production from VELA is estimated to be worth about $2.5M in total as of 27 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VELA is a fraction of it. The estimate fits an Arps decline curve to the production VELA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VELA is an estimate of value, not an offer and not an appraisal.
- How much income does VELA generate in a year?
- VELA is forecast to net about $386K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VELA 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 | 166711 |
| Wellbores | 1 |
| Reported production | 12,224,173 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where VELA 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.