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STATE PROJECTS 57-T2-47X38

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 278234District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$34.2 M
Apr 2015 – May 2026
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
134
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 Gas112016-12-06217886
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
CondensateDisposition497,710 bbl$26,427,444
GasProduction2,576,042 Mcf$7,762,747
Total$34,190,191

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 31.7957, -103.9289. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.79570, -103.92892 · 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
10,021 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 10,021 ft.

Completions filed
Mar 2020
1 of 1 wells

1 well

42-389347521H10,021 ftMar 2020——

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 (134)

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

134 months

May 20269347,349106.413.05$121,771
Apr 20269046,83198.932.87$109,036
Mar 20261,3149,14589.753.15$146,733
Feb 20263822,50963.503.75$33,667
Jan 20265703,01559.138.00$57,818
Dec 20251,48616,41956.664.41$156,660
Nov 20251,64616,92058.593.93$162,875
Oct 20251,79114,25559.383.30$153,460
Sep 20252,66421,37362.743.08$232,902
Aug 20255147,09463.933.01$54,247
Jul 20251,74814,69266.743.32$165,368
Jun 20251,77715,92266.483.13$167,950
May 20252,75520,63260.553.23$233,504
Apr 20252,86219,82362.363.54$248,710
Mar 20253,25823,73267.704.27$321,862
Feb 20252,53117,56970.884.34$255,662
Jan 20253,19319,27074.324.28$319,754
Dec 20242,98616,44668.993.12$257,338
Nov 20243,75219,14069.052.20$301,154
Oct 20243,73720,80171.372.28$314,165
Sep 20243,49018,59969.612.36$286,914
Aug 20243,99517,23175.632.06$337,700
Jul 20243,67612,20779.932.15$320,026
Jun 20244123,52778.082.63$41,459
May 20246823,72678.812.20$61,940
Apr 20244,81920,34384.451.66$440,718
Mar 20241,4068,37980.301.55$125,848
Feb 20244051,93976.091.78$34,275
Jan 20241,2765,27073.023.30$110,552
Dec 20231,45812,03171.262.61$135,307
Nov 20231,29512,98577.892.81$137,324
Oct 20231,63513,07085.443.09$180,045
Sep 20231,57914,78889.042.74$181,040
Aug 20231,93815,77880.522.67$198,220
Jul 20231,71713,66174.852.64$164,607
Jun 202336512,95768.962.26$54,434
May 20232,53914,27570.622.23$211,100
Apr 20231,73013,14778.122.24$164,567
Mar 20231,76513,42372.852.39$160,704
Feb 20231,43213,31775.112.47$140,393
Jan 20232,12013,77576.533.39$208,909
Dec 20222,45414,28676.415.73$269,356
Nov 20223574,81985.005.65$57,554
Oct 202201,38787.185.86$8,133
Sep 20223672,74384.888.16$53,544
Aug 20221,57212,27694.529.13$260,630
Jul 20222,18414,885101.587.54$334,115
Jun 20222,26410,674115.097.98$345,712
May 202201,349109.378.43$11,376
Apr 20222,66411,651104.226.84$357,307
Mar 20221,1978,849108.885.08$175,250
Feb 20221881,19591.054.86$22,924
Jan 20221,80710,60981.844.54$196,025
Dec 20213753,47071.323.90$40,275
Nov 20211,29810,65377.435.24$156,292
Oct 20211,84311,80679.795.71$214,511
Sep 20212,19511,28869.865.35$213,744
Aug 20211,66713,12866.024.22$165,463
Jul 20212,18010,96270.783.98$197,952
Jun 20211,86611,83969.493.38$169,692
May 20212,78414,69763.483.02$221,079
Apr 20212,17213,66860.362.76$168,804
Mar 20212,83115,67561.302.72$216,128
Feb 20212,53213,26457.805.55$219,938
Jan 20212,72315,96250.412.81$182,124
Dec 20202,98315,90644.642.68$175,717
Nov 20202,95214,51638.772.71$153,738
Oct 20202,03715,33536.972.48$113,315
Sep 20202,53015,98637.091.99$125,666
Aug 20202,50915,68039.982.39$137,708
Jul 20203,43816,73338.371.83$162,456
Jun 20202,69416,38034.901.69$121,708
May 20202,94717,16816.921.81$81,019
Apr 20203,53121,65714.751.80$91,160
Mar 20201,11413,01330.341.86$57,954
Feb 20203,20512,48149.881.98$184,586
Jan 20202,22312,36557.252.09$153,168
Dec 20192,55616,31959.012.30$188,434
Nov 20192,99814,78655.302.75$206,461
Oct 20191,38011,40653.472.42$101,374
Sep 20192,28016,07755.052.66$168,235
Aug 20194,40723,67253.112.30$288,605
Jul 20194,28420,05856.272.46$290,405
Jun 20193,26616,76952.782.49$214,154
May 20195,23718,94658.482.74$358,178
Apr 20191914,13862.632.75$23,345
Mar 20191,6549,91056.803.06$124,293
Feb 20191,3109,81050.852.79$94,005
Jan 20194,05116,55146.033.23$239,897
Dec 20183,19118,57946.594.19$226,430
Nov 20183,01417,12752.934.24$232,102
Oct 20183,18717,33161.443.40$254,701
Sep 20183,71621,98259.543.11$289,571
Aug 20183,10319,30559.403.07$243,518
Jul 20182,96718,94865.142.93$248,824
Jun 20183,05517,96260.183.08$239,118
May 20183,03817,88865.382.90$250,514
Apr 20183,79020,36563.842.90$301,028
Mar 20183,32321,92361.222.79$264,530
Feb 20183,52122,75361.782.77$280,465
Jan 20184,83026,79162.874.01$411,076
Dec 20174,47426,23257.272.92$332,863
Nov 20174,87825,75355.423.12$350,646
Oct 20173,93127,19549.292.98$274,900
Sep 20174,84325,91547.523.09$310,146
Aug 20175,36325,65245.373.00$320,388
Jul 20174,62128,05243.873.09$289,328
Jun 20174,39325,80742.493.09$266,332
May 20174,79227,60845.373.26$307,509
Apr 20175,01229,68247.933.21$335,552
Mar 20175,18032,78546.772.98$340,089
Feb 20175,60823,47450.452.95$352,233
Jan 20174,89622,21549.413.42$317,860
Dec 20165,21933,54048.763.72$379,342
Nov 20165,38627,83642.492.64$302,459
Oct 20166,50233,39846.193.09$403,536
Sep 20167,39937,53741.553.10$423,817
Aug 20166,06730,79041.442.92$341,457
Jul 20161,2979,27141.622.92$81,093
Jun 20165,67031,49945.352.69$341,735
May 20165,34835,10942.521.99$297,300
Apr 20167,79734,04136.561.99$352,835
Mar 20168,33843,70333.011.79$353,641
Feb 20168,08035,01426.472.06$286,134
Jan 201610,15334,36327.352.36$358,931
Dec 201510,99434,48332.362.00$424,780
Nov 201513,80050,31838.792.17$644,358
Oct 201515,30449,85143.552.43$787,457
Sep 201512,27736,89442.992.76$629,557
Aug 201515,44459,80640.162.87$792,023
Jul 201521,95980,88148.152.95$1,295,527
Jun 201525,11288,23556.152.88$1,664,408
May 201519,32060,65755.212.96$1,245,926
Apr 20151,68313,33049.822.71$119,926

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           934 bbl  × $106.41 =    $99,387
Gas                7,349 Mcf  × $  3.05 =    $22,384

────────────────────────────────────────────────────
Month total                                 $121,771

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/278234 is the state's own key, not one this site invented.