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KC PREMIUM 56-T2-48

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 277719District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$24.0 M
Mar 2015 – May 2026
Value, last 12 filed months
$2.0 M
at the published price for each month
Months reported
135
no gaps in the span
Streams
2
condensate, gas

The PHANTOM (WOLFCAMP) field

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 Gas112016-12-06217812
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
CondensateDisposition349,327 bbl$19,975,794
GasProduction1,348,088 Mcf$3,997,781
Total$23,973,575

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 31.7812, -103.8208. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.78116, -103.82078 · 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
10,599 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 10,599 ft.

Completions filed
Mar 2015
1 of 1 wells

1 well

42-389345731H10,599 ftMar 2015——

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 (135)

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

135 months

May 20261,7808,405106.413.05$215,010
Apr 20262,1398,15698.932.87$235,017
Mar 20261,9568,42489.753.15$202,082
Feb 20261,6147,26363.503.75$129,728
Jan 20261,7926,52959.138.00$158,179
Dec 20252,1559,06556.664.41$162,109
Nov 20251,9738,75158.593.93$149,958
Oct 20252,3199,04759.383.30$167,601
Sep 20252,66110,16562.743.08$198,228
Aug 20251,5876,73463.933.01$121,758
Jul 20251,7697,03666.743.32$141,389
Jun 20251,9498,34466.483.13$155,676
May 20252,4799,67360.553.23$181,370
Apr 20251,0675,04162.363.54$84,399
Mar 20252,3298,44667.704.27$193,724
Feb 20251,9877,20570.884.34$172,114
Jan 20252,4817,99174.324.28$218,579
Dec 20242,3399,14968.993.12$189,925
Nov 20242,1379,01569.052.20$167,379
Oct 20242,82711,22771.372.28$227,376
Sep 20242,86410,59769.612.36$224,418
Aug 20243,69314,36575.632.06$308,946
Jul 20244,06316,21179.932.15$359,554
Jun 20243,70715,55178.082.63$330,404
May 20244,21217,56478.812.20$370,561
Apr 20243,49513,15884.451.66$316,985
Mar 20243,45012,37680.301.55$296,158
Feb 20243,23611,52176.091.78$266,777
Jan 20243,3098,38973.023.30$269,287
Dec 20231,7907,30571.262.61$146,627
Nov 20231,7955,28477.892.81$154,648
Oct 20233,88113,43685.443.09$373,073
Sep 20233,54113,04989.042.74$350,980
Aug 202352979180.522.67$44,709
Jul 20231,0633,18474.852.64$87,977
Jun 20231,9546,49168.962.26$149,408
May 20231,4203,05470.622.23$107,083
Apr 20231,4502,96778.122.24$119,913
Mar 20232,5055,86672.852.39$196,528
Feb 20232,3527,02575.112.47$193,980
Jan 20233621,40876.533.39$32,474
Dec 202236051476.415.73$30,452
Nov 20221,4402,95285.005.65$139,068
Oct 20221,2512,42687.185.86$123,288
Sep 20221,2242,66984.888.16$125,682
Aug 20221,5912,66894.529.13$174,733
Jul 20221,4013,985101.587.54$172,369
Jun 20227041,177115.097.98$90,413
May 20221,2363,920109.378.43$168,239
Apr 20221,4224,381104.226.84$178,156
Mar 20221,5315,278108.885.08$193,489
Feb 20221,1474,96091.054.86$128,534
Jan 20221,6165,06181.844.54$155,219
Dec 20211,2544,76371.323.90$108,007
Nov 20211,6084,60277.435.24$148,607
Oct 20211,6015,04179.795.71$156,547
Sep 20211,4134,60469.865.35$123,348
Aug 20211,4304,69666.024.22$114,228
Jul 20211,7534,37070.783.98$141,479
Jun 20211,3933,69769.493.38$109,298
May 20211,7535,21463.483.02$127,015
Apr 20211,6214,96060.362.76$111,525
Mar 20211,7764,20761.302.72$120,299
Feb 20218993,17157.805.55$69,555
Jan 20211,8214,72950.412.81$105,086
Dec 20201,6285,08344.642.68$86,273
Nov 20201,7725,99938.772.71$84,937
Oct 20202,1305,23636.972.48$91,723
Sep 20201,8052,68437.091.99$72,291
Aug 20202,1236,24139.982.39$99,763
Jul 20201,5945,42038.371.83$71,054
Jun 20202,1446,75934.901.69$86,250
May 20201,7646,02616.921.81$40,783
Apr 20202,3187,44914.751.80$47,631
Mar 20201,8046,06230.341.86$65,986
Feb 20201,4594,56449.881.98$81,815
Jan 20202,1627,40857.252.09$139,292
Dec 201918170459.012.30$12,303
Nov 20191,7715,47455.302.75$112,994
Oct 20191,9215,16753.472.42$115,212
Sep 20191,7856,80355.052.66$116,342
Aug 20191,3675,31553.112.30$84,849
Jul 20191,2266,64256.272.46$85,327
Jun 20191,0588,28852.782.49$76,488
May 20191,0368,14158.482.74$82,894
Apr 20191,9117,77562.632.75$141,073
Mar 20191,54613,06456.803.06$127,816
Feb 20191,41810,65550.852.79$101,856
Jan 20191,9819,11846.033.23$120,620
Dec 20181,9807,97846.594.19$125,640
Nov 20181,0786,61252.934.24$85,075
Oct 20181,8146,83961.443.40$134,692
Sep 20181,7957,94959.543.11$131,580
Aug 20181,7818,71259.403.07$132,507
Jul 20181,8958,09765.142.93$147,180
Jun 20181,9248,25060.183.08$141,171
May 20182,02312,15465.382.90$167,520
Apr 20181,65411,06963.842.90$137,700
Mar 20182,63112,36161.222.79$195,518
Feb 20181,31211,26861.782.77$112,224
Jan 20181,3341,50162.874.01$89,887
Dec 20171,29213,53057.272.92$113,521
Nov 20172,22511,76655.423.12$160,000
Oct 20172,18911,86349.292.98$143,291
Sep 20172,54812,08647.523.09$158,394
Aug 20172,63313,15845.373.00$158,991
Jul 20172,53313,94643.873.09$154,178
Jun 20172,51413,41142.493.09$148,223
May 20172,52414,34545.373.26$161,327
Apr 20172,33114,00447.933.21$156,700
Mar 20173,08214,62546.772.98$187,781
Feb 20172,54512,27750.452.95$164,644
Jan 20173,51713,45249.413.42$219,765
Dec 20162,22315,29748.763.72$165,342
Nov 20162,83213,69042.492.64$156,533
Oct 20163,40115,26146.193.09$204,253
Sep 20163,33415,31341.553.10$186,008
Aug 20163,00614,66641.442.92$167,457
Jul 20163,71113,90041.622.92$195,100
Jun 20163,38415,00145.352.69$193,755
May 20163,89119,22542.521.99$203,723
Apr 20163,87118,19736.561.99$177,755
Mar 20164,11020,06233.011.79$171,663
Feb 20164,28910,19226.472.06$134,562
Jan 20164,9359,81227.352.36$158,171
Dec 20154,58710,50232.362.00$169,454
Nov 20155,35816,10038.792.17$242,731
Oct 20156,30317,27643.552.43$316,417
Sep 20156,44420,53142.992.76$333,661
Aug 20157,99129,74040.162.87$406,346
Jul 20159,28448,32648.152.95$589,349
Jun 201510,64636,84956.152.88$704,003
May 201512,74132,59555.212.96$799,764
Apr 201517,34469,37449.822.71$1,051,844
Mar 20155,32819,54642.892.93$285,880

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         1,780 bbl  × $106.41 =   $189,410
Gas                8,405 Mcf  × $  3.05 =    $25,600

────────────────────────────────────────────────────
Month total                                 $215,010

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/277719 is the state's own key, not one this site invented.