FOLK 4-34

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 270389District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.8 M
Jan 2013 – May 2026
Value, last 12 filed months
$29 k
at the published price for each month
Months reported
161
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 7,755 leases and 10,539 wells, and the rule below applies to all of them.

Discovered
1983-06-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2017-08-01.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: FOR THE FOLLOWING API 389-37515.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112016-12-08217857
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition75,661 bbl$5,281,908
GasProduction438,607 Mcf$1,528,024
Total$6,809,932

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.4571, -103.6178. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45708, -103.61784 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,779 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 10,779 ft.

Completions filed
Feb 2013
1 of 1 wells

1 well

42-389333791H10,779 ftFeb 2013

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (161)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

161 months

May 20260385106.413.05$1,173
Apr 20260098.932.87$0
Mar 2026023289.753.15$731
Feb 202614321763.503.75$9,894
Jan 2026021759.138.00$1,736
Dec 2025022056.664.41$971
Nov 202518415658.593.93$11,393
Oct 2025018159.383.30$598
Sep 2025036462.743.08$1,120
Aug 202507863.933.01$235
Jul 2025025466.743.32$842
Jun 2025015966.483.13$497
May 2025012060.553.23$388
Apr 2025021462.363.54$758
Mar 2025018067.704.27$768
Feb 2025012070.884.34$521
Jan 202536726474.324.28$28,405
Dec 20240068.993.12$0
Nov 2024010269.052.20$224
Oct 2024046371.372.28$1,056
Sep 2024050869.612.36$1,201
Aug 202418242275.632.06$14,636
Jul 2024040279.932.15$863
Jun 202417448078.082.63$14,850
May 2024050078.812.20$1,099
Apr 2024016384.451.66$270
Mar 202436341780.301.55$29,793
Feb 2024030876.091.78$549
Jan 202409473.023.30$310
Dec 202307971.262.61$206
Nov 202335946077.892.81$29,254
Oct 2023023085.443.09$710
Sep 2023023389.042.74$637
Aug 202317744580.522.67$15,441
Jul 2023040674.852.64$1,073
Jun 2023049568.962.26$1,118
May 2023089270.622.23$1,987
Apr 2023053778.122.24$1,202
Mar 202353695172.852.39$41,324
Feb 202355194675.112.47$43,718
Jan 202331,02676.533.39$3,705
Dec 202236397376.415.73$33,311
Nov 202201,02585.005.65$5,787
Oct 2022091987.185.86$5,389
Sep 2022191084.888.16$7,514
Aug 202211,00194.529.13$9,231
Jul 2022183946101.587.54$25,724
Jun 2022176950115.097.98$27,834
May 20221891,090109.378.43$29,863
Apr 2022177909104.226.84$24,662
Mar 20223671,380108.885.08$46,964
Feb 20221781,29291.054.86$22,485
Jan 202201,40581.844.54$6,375
Dec 202111,08671.323.90$4,306
Nov 202170662677.435.24$57,944
Oct 2021097379.795.71$5,560
Sep 20213511,23569.865.35$31,129
Aug 202111,20666.024.22$5,156
Jul 20213781,37070.783.98$32,210
Jun 2021094469.493.38$3,191
May 20215461,50163.483.02$39,190
Apr 202111,67760.362.76$4,686
Mar 20213192,08361.302.72$25,214
Feb 20213541,30957.805.55$27,723
Jan 20217512,22950.412.81$44,122
Dec 202011,73644.642.68$4,689
Nov 20205381,73638.772.71$25,557
Oct 20201791,92936.972.48$11,399
Sep 20203521,94437.091.99$16,926
Aug 20203481,51239.982.39$17,519
Jul 202037377038.371.83$15,717
Jun 20209442,25634.901.69$36,759
May 202001,17616.921.81$2,134
Apr 20201881,73914.751.80$5,911
Mar 20207541,77830.341.86$26,177
Feb 202002,18449.881.98$4,326
Jan 20203812,65857.252.09$27,380
Dec 20193772,69459.012.30$28,455
Nov 20193802,67155.302.75$28,361
Oct 20195602,98953.472.42$37,172
Sep 20191872,23955.052.66$16,244
Aug 20195602,34253.112.30$35,138
Jul 20195581,70756.272.46$35,598
Jun 20191871,92652.782.49$14,668
May 20193761,83158.482.74$27,006
Apr 20193541,83862.632.75$27,227
Mar 20193822,54256.803.06$29,481
Feb 20193792,39550.852.79$25,960
Jan 201902,34246.033.23$7,560
Dec 201812,70046.594.19$11,347
Nov 20183682,94952.934.24$31,974
Oct 20181862,30961.443.40$19,274
Sep 20181883,16359.543.11$21,024
Aug 20183763,17959.403.07$32,083
Jul 20183761,88065.142.93$30,005
Jun 20183712,56160.183.08$30,207
May 201812,59865.382.90$7,602
Apr 201803,13063.842.90$9,080
Mar 201838061561.222.79$24,978
Feb 201803,07961.782.77$8,517
Jan 201813,70362.874.01$14,909
Dec 20171944,02757.272.92$22,875
Nov 20171953,03655.423.12$20,274
Oct 20179203,01049.292.98$54,328
Sep 20171793,09247.523.09$18,052
Aug 20175623,15845.373.00$34,986
Jul 20177472,43343.873.09$40,282
Jun 20173752,89142.493.09$24,859
May 20173823,40945.373.26$28,456
Apr 20175773,27247.933.21$38,164
Mar 20173713,11946.772.98$26,658
Feb 20173743,08150.452.95$27,965
Jan 20179513,64849.413.42$59,461
Dec 20163753,55848.763.72$31,531
Nov 20165503,13742.492.64$31,665
Oct 20165303,50646.193.09$35,315
Sep 20169183,88341.553.10$50,183
Aug 20167194,42741.442.92$42,741
Jul 20165234,18241.622.92$33,997
Jun 20169294,19845.352.69$53,405
May 20167173,67742.521.99$37,808
Apr 20169063,71636.561.99$40,522
Mar 20165354,08933.011.79$24,996
Feb 20166773,86626.472.06$25,898
Jan 20167234,39227.352.36$30,158
Dec 20159064,43532.362.00$38,194
Nov 20153444,25138.792.17$22,557
Oct 20159224,33243.552.43$50,665
Sep 20157204,06542.992.76$42,166
Aug 20158315,56540.162.87$49,358
Jul 20153691,71748.152.95$22,824
Jun 20155444,22756.152.88$42,731
May 20158915,21255.212.96$64,596
Apr 20151,0855,35249.822.71$68,540
Mar 20151,0976,00642.892.93$64,676
Feb 20151,1025,48144.662.98$65,528
Jan 20153856,32443.433.10$36,329
Dec 20141,2852,27154.693.59$78,433
Nov 20145813,72070.464.25$56,754
Oct 20141,1393,25778.303.90$101,889
Sep 20147491,76486.164.05$71,670
Aug 20147561,42189.394.04$73,313
Jul 20141,26177296.564.18$124,989
Jun 20147771,15098.164.74$81,718
May 20141,60513,60494.734.73$216,342
Apr 20141,35614,16595.944.81$198,216
Mar 20141,3018,30095.895.06$166,724
Feb 20141,4886,00297.406.19$182,096
Jan 20141,0706,61290.404.86$128,867
Dec 20131,2844,03691.824.35$135,472
Nov 20131,7128,80088.853.74$185,008
Oct 20131,3006,07397.423.78$149,598
Sep 20131,8568,098104.113.72$223,334
Aug 20131,8248,544104.253.52$220,249
Jul 20131,8319,757102.523.72$223,988
Jun 20132,97113,55994.403.93$333,796
May 20132,02317,06194.834.15$262,629
Apr 20132,44412,82093.964.28$284,541
Mar 2013183193.623.91$17,136
Feb 20133,05221,28791.233.42$351,234
Jan 20130091.603.42$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  385 Mcf  × $  3.05 =     $1,173

────────────────────────────────────────────────────
Month total                                   $1,173

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/G/270389 is the state's own key, not one this site invented.