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JOHNSON ESTATE 56-T1-8

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 278218District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$31.7 M
Feb 2015 – May 2026
Value, last 12 filed months
$2.2 M
at the published price for each month
Months reported
136
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 Gas112016-12-06217825
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
CondensateDisposition452,432 bbl$25,005,989
GasProduction2,158,151 Mcf$6,659,023
Total$31,665,013

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 31.9852, -103.8858. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.98516, -103.88578 · 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
10,787 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 10,787 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-301324011H10,787 ftFeb 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 (136)

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

136 months

May 20261,60615,042106.413.05$216,710
Apr 20261,68215,02898.932.87$209,526
Mar 20261,69516,67489.753.15$204,640
Feb 20261,64515,74363.503.75$163,499
Jan 20262,43219,88659.138.00$302,851
Dec 202594410,32956.664.41$99,073
Nov 20251,52312,79358.593.93$139,464
Oct 20251,77016,25959.383.30$158,836
Sep 20251,83416,48262.743.08$165,779
Aug 20251,66516,12863.933.01$155,066
Jul 20252,06717,99666.743.32$197,612
Jun 20252,06117,20466.483.13$190,842
May 20251,31612,13860.553.23$118,918
Apr 20251,3158,50162.363.54$112,123
Mar 20251,60510,47367.704.27$153,361
Feb 20251,1556,50070.884.34$110,082
Jan 20252,05314,09274.324.28$212,874
Dec 20242,44417,93568.993.12$224,593
Nov 20242,45016,57369.052.20$205,607
Oct 20241,5219,89171.372.28$131,119
Sep 20242,18214,47369.612.36$186,108
Aug 20242,10514,91275.632.06$189,974
Jul 20242,19714,45179.932.15$206,627
Jun 20242,37116,57178.082.63$228,775
May 20242,19416,03778.812.20$208,166
Apr 20242,52813,72884.451.66$236,267
Mar 20242,02612,06280.301.55$181,325
Feb 20242,95420,97176.091.78$262,175
Jan 20242,47913,98973.023.30$227,148
Dec 20233,18220,56771.262.61$280,444
Nov 20232,62919,78577.892.81$260,320
Oct 20234,22526,12785.443.09$441,645
Sep 20234,26519,11089.042.74$432,022
Aug 20231,61710,91180.522.67$159,365
Jul 20231,5879,12474.852.64$142,891
Jun 20231,4918,48268.962.26$121,976
May 20232,04111,05670.622.23$168,762
Apr 20231,6318,92278.122.24$147,379
Mar 20232,10211,41372.852.39$180,444
Feb 20232,15210,75675.112.47$188,158
Jan 20231,6038,72376.533.39$152,229
Dec 20222,16812,15176.415.73$235,271
Nov 20222,29510,92485.005.65$256,754
Oct 20221,96710,42787.185.86$232,624
Sep 20222,13411,09384.888.16$271,694
Aug 20222,29711,99094.529.13$326,547
Jul 20222,10810,880101.587.54$296,188
Jun 20222,3069,634115.097.98$342,250
May 20221,6277,809109.378.43$243,799
Apr 20221,8363,251104.226.84$213,577
Mar 20221731,790108.885.08$27,923
Feb 20223721,40691.054.86$40,702
Jan 20221,8628,09681.844.54$189,123
Dec 20212,62916,20271.323.90$250,674
Nov 20212,25012,30077.435.24$238,631
Oct 20212,64016,10379.795.71$302,656
Sep 20212,03610,70469.865.35$199,511
Aug 20212,24214,23166.024.22$208,080
Jul 20212,22914,05770.783.98$213,745
Jun 20212,56812,09469.493.38$219,336
May 20211,85611,37063.483.02$152,130
Apr 20212,60313,09660.362.76$193,241
Mar 20212,17911,50361.302.72$164,826
Feb 20217362,68857.805.55$57,454
Jan 20219206,02950.412.81$63,320
Dec 202056111344.642.68$25,345
Nov 20205673,38638.772.71$31,147
Oct 20202,15114,42336.972.48$115,269
Sep 20201,9829,91337.091.99$93,250
Aug 20202,13610,59939.982.39$110,677
Jul 20201,2877,40538.371.83$62,897
Jun 20201,8419,32134.901.69$80,006
May 20201,4677,01616.921.81$37,554
Apr 20202,24014,04214.751.80$58,377
Mar 20202,95816,56630.341.86$120,496
Feb 20202,58413,16549.881.98$154,965
Jan 20203,91619,27557.252.09$264,567
Dec 20193,52119,29759.012.30$252,241
Nov 20199768,07955.302.75$76,196
Oct 20193,42015,65553.472.42$220,730
Sep 20191,85710,02655.052.66$128,870
Aug 20192,2089,93853.112.30$140,168
Jul 20192,91523,92556.272.46$222,884
Jun 20193,18512,72552.782.49$199,805
May 20193,75912,14858.482.74$253,116
Apr 20199453,93062.632.75$69,996
Mar 20191863,14456.803.06$20,192
Feb 20191,3675,87450.852.79$85,913
Jan 20192,9199,22646.033.23$164,145
Dec 20183,11211,94146.594.19$194,966
Nov 20183,09412,31052.934.24$215,926
Oct 20183,29513,90361.443.40$249,688
Sep 20183,16915,35359.543.11$236,399
Aug 20182,99014,72159.403.07$222,749
Jul 20182,59713,11865.142.93$207,629
Jun 20182,85214,75560.183.08$217,033
May 20182,84611,91165.382.90$220,623
Apr 20184,20115,47263.842.90$313,073
Mar 20182,55112,42261.222.79$190,790
Feb 20182,4308,43861.782.77$173,466
Jan 20181,6626,48862.874.01$130,502
Dec 20172,4484,21157.272.92$152,499
Nov 20173,0014,54155.423.12$180,476
Oct 20172,61310,10549.292.98$158,945
Sep 20172,3679,39647.523.09$141,488
Aug 20174,46415,85445.373.00$250,163
Jul 20173851,85543.873.09$22,617
Jun 20173,67616,20542.493.09$206,223
May 20173,89619,49545.373.26$240,382
Apr 20174,66021,05647.933.21$290,977
Mar 20175,12722,72446.772.98$307,591
Feb 20172,51412,55850.452.95$163,910
Jan 20172,9297,49349.413.42$170,339
Dec 20164,14420,70148.763.72$279,128
Nov 20164,86521,75642.492.64$264,244
Oct 20165,39424,74946.193.09$325,630
Sep 20165,36725,55141.553.10$302,223
Aug 20165,32724,85241.442.92$293,427
Jul 20165,10214,32341.622.92$254,231
Jun 20164,21716,04445.352.69$234,332
May 20165,83323,61542.521.99$295,038
Apr 20165,61726,70636.561.99$258,530
Mar 20166,53027,92133.011.79$265,646
Feb 20168,20026,21626.472.06$271,154
Jan 20166,97223,52927.352.36$246,315
Dec 20156,69313,35632.362.00$243,316
Nov 20159,07433,59138.792.17$424,783
Oct 201511,37450,99343.552.43$619,076
Sep 201510,39639,43542.992.76$555,702
Aug 20159,95438,33740.162.87$509,875
Jul 201510,48338,80248.152.95$619,031
Jun 201514,38759,42956.152.88$979,156
May 201521,92389,11855.212.96$1,473,753
Apr 201521,00688,19249.822.71$1,285,217
Mar 201513,33044,29942.892.93$701,728
Feb 20152,0403,45544.662.98$101,389

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         1,606 bbl  × $106.41 =   $170,894
Gas               15,042 Mcf  × $  3.05 =    $45,816

────────────────────────────────────────────────────
Month total                                 $216,710

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/278218 is the state's own key, not one this site invented.