STATE PROTECTION 55-T2-2

Operated by BPX OPERATING COMPANY (P-5 85408) 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 275634District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$32.8 M
Apr 2014 – May 2026
Value, last 12 filed months
$1.9 M
at the published price for each month
Months reported
146
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 Gas112016-12-06217853
NGPA1none

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
CondensateDisposition421,202 bbl$26,067,010
GasProduction2,086,808 Mcf$6,777,616
Total$32,844,627

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 31.8696, -103.7230. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86956, -103.72304 · 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
11,463 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 11,463 ft.

Completions filed
Apr 2014
1 of 1 wells

1 well

42-301320643H11,463 ftApr 2014

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 (146)

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

146 months

May 20261,83310,828106.413.05$228,030
Apr 20261,83210,73598.932.87$212,046
Mar 20261,4569,44489.753.15$160,419
Feb 20261,4198,41063.503.75$121,647
Jan 20261,4468,95659.138.00$157,131
Dec 20251,4299,18256.664.41$121,491
Nov 20251,6189,86158.593.93$133,517
Oct 20251,76411,64659.383.30$143,234
Sep 20251,6079,48662.743.08$130,011
Aug 20251,74310,77063.933.01$143,899
Jul 20251,83110,27566.743.32$156,265
Jun 20251,8249,64666.483.13$151,439
May 20251,5909,02660.553.23$125,449
Apr 20251,8558,99862.363.54$147,559
Mar 20252,5559,52667.704.27$213,634
Feb 20252,7318,79070.884.34$231,729
Jan 20252,0608,68974.324.28$190,277
Dec 20242,6949,86568.993.12$216,651
Nov 20243,42511,42869.052.20$261,620
Oct 20242,76811,45171.372.28$223,676
Sep 20241,9128,95469.612.36$154,265
Aug 20242,6339,34075.632.06$218,408
Jul 20241,3908,26179.932.15$128,836
Jun 20242,0808,30578.082.63$184,282
May 20241,8227,62178.812.20$160,346
Apr 20241,3167,06184.451.66$122,852
Mar 20241,2566,92580.301.55$111,557
Feb 20249595,45676.091.78$82,702
Jan 20247725,86173.023.30$75,699
Dec 202303,05271.262.61$7,968
Nov 20231,6348,05477.892.81$149,884
Oct 20232,12612,42785.443.09$220,011
Sep 20231,97810,86889.042.74$205,846
Aug 20231,5848,76380.522.67$150,966
Jul 20231,51310,19874.852.64$140,189
Jun 20238643,99168.962.26$68,595
May 20231,9107,98970.622.23$152,679
Apr 20231,3397,99978.122.24$122,503
Mar 20231,4628,06872.852.39$125,815
Feb 20231,2376,17075.112.47$108,124
Jan 20231761,87076.533.39$19,804
Dec 20221,6006,13576.415.73$157,404
Nov 20221,5598,37485.005.65$179,796
Oct 20221,3287,82487.185.86$161,653
Sep 20221,6958,24384.888.16$211,165
Aug 20221,0156,49294.529.13$155,191
Jul 20221,2195,563101.587.54$165,783
Jun 20221,8745,596115.097.98$260,319
May 20221,7136,783109.378.43$244,552
Apr 20221,1125,586104.226.84$154,087
Mar 20225163,763108.885.08$75,285
Feb 20225693,17091.054.86$67,210
Jan 20221,4519,77281.844.54$163,092
Dec 20211,31311,64371.323.90$139,041
Nov 20211,50111,39977.435.24$175,917
Oct 20211,3148,68879.795.71$154,486
Sep 20211,80712,60569.865.35$193,685
Aug 20211,82310,41466.024.22$164,308
Jul 20211,0987,61070.783.98$108,020
Jun 20211,96314,00269.493.38$183,744
May 20211,54211,24863.483.02$131,829
Apr 20212,18413,32360.362.76$168,577
Mar 20211,63812,96261.302.72$135,626
Feb 20214766,45657.805.55$63,330
Jan 20212,02111,93050.412.81$135,405
Dec 20209805,35844.642.68$58,082
Nov 20204944,81138.772.71$32,174
Oct 20207336,44136.972.48$43,063
Sep 20201,0746,76137.091.99$53,296
Aug 20207998,83439.982.39$53,014
Jul 20201,5307,87638.371.83$73,081
Jun 20202,0508,46334.901.69$85,850
May 20202,7459,85516.921.81$64,330
Apr 20202,6459,64014.751.80$56,408
Mar 20202,1578,63530.341.86$81,472
Feb 20202,4138,15649.881.98$136,515
Jan 20201,55412,31357.252.09$114,759
Dec 20191,24318,83159.012.30$116,743
Nov 20191,3128,98555.302.75$97,269
Oct 20192,65112,51753.472.42$172,022
Sep 20191,23415,46655.052.66$109,029
Aug 20197166,56353.112.30$53,150
Jul 20191,90717,65156.272.46$150,729
Jun 20191,66013,96552.782.49$122,404
May 20192,30914,27458.482.74$174,146
Apr 20192,58333,15962.632.75$252,984
Mar 201967521,51356.803.06$104,215
Feb 20192,73730,69750.852.79$224,889
Jan 20191,69026,79546.033.23$164,290
Dec 20183,31321,34546.594.19$243,691
Nov 20183,48019,97852.934.24$268,848
Oct 20183,16321,23961.443.40$266,507
Sep 20183,81327,37159.543.11$312,095
Aug 20183,13824,48759.403.07$261,488
Jul 20183,11125,12465.142.93$276,311
Jun 20183,39720,11260.183.08$266,314
May 20184,52724,42565.382.90$366,827
Apr 20181,98022,96763.842.90$193,026
Mar 20183,02324,09461.222.79$252,214
Feb 20184,12521,44361.782.77$314,156
Jan 20182,61018,63062.874.01$238,784
Dec 2017024,16457.272.92$70,596
Nov 201756027,67255.423.12$117,326
Oct 20173,83519,10249.292.98$246,021
Sep 20174,44126,16847.523.09$291,824
Aug 20172,72529,29245.373.00$211,638
Jul 20173,49120,80243.873.09$217,372
Jun 20173,79318,10942.493.09$217,072
May 20174,33618,08845.373.26$255,753
Apr 20174,14817,35847.933.21$254,561
Mar 20173,29320,58346.772.98$215,427
Feb 20172,59121,59550.452.95$194,477
Jan 20173,23621,10749.413.42$232,051
Dec 20162,24323,15848.763.72$195,582
Nov 20163,41321,83442.492.64$202,755
Oct 20163,43725,51946.193.09$237,615
Sep 20163,66119,98341.553.10$214,074
Aug 20162,92217,68241.442.92$172,796
Jul 20162,34924,37441.622.92$169,043
Jun 20163,66618,80445.352.69$216,757
May 20163,86219,33642.521.99$202,711
Apr 20162,88519,52336.561.99$144,347
Mar 20164,72621,85233.011.79$195,208
Feb 20164,62018,50226.472.06$160,473
Jan 20165,03520,88027.352.36$187,075
Dec 20155,89414,97132.362.00$220,693
Nov 20155,71815,42238.792.17$255,226
Oct 20154,8839,34943.552.43$235,341
Sep 20155,06511,94442.992.76$250,691
Aug 20155,3156,56440.162.87$232,305
Jul 20156,4106,94948.152.95$329,107
Jun 20155,3118,71256.152.88$323,328
May 20156,62521,88355.212.96$430,440
Apr 20156,75024,48749.822.71$402,561
Mar 20157,37025,14242.892.93$389,884
Feb 20157,26819,61044.662.98$382,952
Jan 20155,72419,26543.433.10$308,327
Dec 20147,78823,57954.693.59$510,606
Nov 20146,50123,24070.464.25$556,873
Oct 20148,33227,32078.303.90$758,970
Sep 20149,90119,81586.164.05$933,231
Aug 201411,49733,52089.394.04$1,162,974
Jul 201412,18129,79296.564.18$1,300,716
Jun 201411,78026,36398.164.74$1,281,203
May 201418,27644,24194.734.73$1,940,393
Apr 201406,55395.944.81$31,514

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         1,833 bbl  × $106.41 =   $195,050
Gas               10,828 Mcf  × $  3.05 =    $32,980

────────────────────────────────────────────────────
Month total                                 $228,030

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/275634 is the state's own key, not one this site invented.