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STATE PROJECTS 57-T2-47X2

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 278235District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$37.2 M
May 2015 – May 2026
Value, last 12 filed months
$603 k
at the published price for each month
Months reported
133
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 Gas112016-12-06217881
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
CondensateDisposition558,136 bbl$28,773,458
GasProduction2,754,666 Mcf$8,404,567
Total$37,178,025

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 31.7531, -103.9376. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75311, -103.93757 · 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
10,023 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 10,023 ft.

Completions filed
Apr 2019
1 of 1 wells

1 well

42-389347511H10,023 ftApr 2019——

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 (133)

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

133 months

May 20267246,786106.413.05$97,710
Apr 20269207,27698.932.87$111,896
Mar 202693912,28589.753.15$122,966
Feb 202616411,14463.503.75$52,208
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20251752,22459.383.30$17,741
Sep 20257024,72762.743.08$58,588
Aug 20255284,90563.933.01$48,542
Jul 20253383,06366.743.32$32,713
Jun 20256854,73566.483.13$60,353
May 20255424,88060.553.23$48,592
Apr 20251,0004,67962.363.54$78,938
Mar 20259025,08267.704.27$82,757
Feb 20251,9404,40970.884.34$156,646
Jan 20253,5339,75974.324.28$304,328
Dec 20243435,27368.993.12$40,123
Nov 20245855,45369.052.20$52,382
Oct 20241,5116,06671.372.28$121,679
Sep 20241,0527,51769.612.36$91,003
Aug 20248186,78475.632.06$75,865
Jul 20244634,92079.932.15$47,569
Jun 20244795,44078.082.63$51,729
May 20241,7697,34678.812.20$155,565
Apr 20242,4627,71484.451.66$220,715
Mar 20242,17014,01180.301.55$195,900
Feb 20241,22412,39076.091.78$115,233
Jan 20242,4386,13373.023.30$198,247
Dec 20232,83115,90671.262.61$243,263
Nov 20232,15111,84377.892.81$200,791
Oct 20232,51614,59185.443.09$260,014
Sep 20233,05113,44989.042.74$308,445
Aug 20231,92010,47080.522.67$182,583
Jul 20232,10910,42674.852.64$185,402
Jun 20231,9328,77568.962.26$153,049
May 20232,15610,50670.622.23$175,658
Apr 20231,7937,50378.122.24$156,859
Mar 20232,4599,24372.852.39$201,258
Feb 20232,1707,59775.112.47$181,720
Jan 20232,6749,77976.533.39$237,770
Dec 20221,9468,64976.415.73$198,245
Nov 20221,4309,58085.005.65$175,641
Oct 20222,82113,94987.185.86$327,728
Sep 20222,30012,26284.888.16$295,327
Aug 20222,84516,43594.529.13$418,914
Jul 20222,31615,465101.587.54$351,898
Jun 20221,86413,302115.097.98$320,640
May 20221,76316,641109.378.43$333,154
Apr 20221,73412,002104.226.84$262,782
Mar 20223,04322,695108.885.08$446,531
Feb 20223,23315,62391.054.86$370,274
Jan 20222,07611,83781.844.54$223,612
Dec 20212,58417,69671.323.90$253,290
Nov 20212,38513,97477.435.24$257,850
Oct 20213,32020,43879.795.71$381,683
Sep 20215608,68569.865.35$85,594
Aug 20212,38915,67666.024.22$223,884
Jul 20211,55810,70470.783.98$152,899
Jun 20212,16512,84769.493.38$193,877
May 20212,58818,22163.483.02$219,271
Apr 20212,92618,90360.362.76$228,756
Mar 20212,76221,09361.302.72$226,619
Feb 20211,82012,50257.805.55$174,556
Jan 20212,91321,77350.412.81$208,032
Dec 20202,98420,71144.642.68$188,617
Nov 20202,33618,82238.772.71$141,510
Oct 20202,15114,92036.972.48$116,501
Sep 20202,33018,01037.091.99$122,278
Aug 20203,94215,20339.982.39$193,862
Jul 20202,32219,40738.371.83$124,515
Jun 20202,66019,34434.901.69$125,531
May 20202,90917,84316.921.81$81,601
Apr 20202,0217,93514.751.80$44,128
Mar 20202,5858,41430.341.86$94,047
Feb 20202,11213,72449.881.98$132,529
Jan 20202,01311,82357.252.09$140,010
Dec 20192,60316,99559.012.30$192,766
Nov 20191,51412,19855.302.75$117,277
Oct 20192,89120,67253.472.42$204,578
Sep 20193,21615,76455.052.66$218,930
Aug 20192,21113,63753.112.30$148,851
Jul 20191,0925,60756.272.46$75,240
Jun 20192,14513,89452.782.49$147,826
May 20193,76620,88058.482.74$277,454
Apr 20191,3056,12662.632.75$98,583
Mar 20191,2946,58956.803.06$93,675
Feb 20193,02314,48650.852.79$194,168
Jan 20194,12419,66246.033.23$253,300
Dec 20183,94720,58546.594.19$270,048
Nov 20183,68818,67352.934.24$274,328
Oct 20182,09419,77961.443.40$195,866
Sep 20183,96223,20859.543.11$308,028
Aug 20184,48024,41959.403.07$340,994
Jul 20183,90022,47865.142.93$319,949
Jun 20184,62324,84160.183.08$354,646
May 20185,13926,80865.382.90$413,752
Apr 20184,83126,06763.842.90$384,026
Mar 20183,42625,80561.222.79$281,654
Feb 20184,80924,75861.782.77$365,584
Jan 20185,02027,67462.874.01$426,561
Dec 20174,29126,98457.272.92$324,580
Nov 20174,83432,65155.423.12$369,718
Oct 20175,79231,77449.292.98$380,291
Sep 20174,40026,02547.523.09$289,434
Aug 20175,33126,72445.373.00$322,157
Jul 20175,19527,03843.873.09$311,379
Jun 20174,79627,72042.493.09$289,361
May 20175,74327,90145.373.26$351,612
Apr 20175,77927,07347.933.21$363,935
Mar 20176,09533,84846.772.98$386,055
Feb 20176,31432,60950.452.95$414,823
Jan 20176,44133,57749.413.42$433,043
Dec 20165,79330,18348.763.72$394,833
Nov 20166,86136,50742.492.64$388,061
Oct 20168,06141,76946.193.09$501,415
Sep 20167,96642,51841.553.10$462,820
Aug 20168,06847,66041.442.92$473,712
Jul 20168,78945,11241.622.92$497,721
Jun 201610,61949,53445.352.69$614,612
May 201612,17855,46542.521.99$628,242
Apr 201611,17457,02636.561.99$522,062
Mar 201613,93262,16033.011.79$571,411
Feb 201614,04955,04526.472.06$485,470
Jan 201617,42564,46827.352.36$628,999
Dec 201516,90962,15932.362.00$671,581
Nov 201517,61743,51238.792.17$777,668
Oct 201520,60965,81943.552.43$1,057,237
Sep 201516,91957,81442.992.76$886,823
Aug 201523,55992,46240.162.87$1,211,726
Jul 201524,48390,80348.152.95$1,446,279
Jun 201521,97675,08956.152.88$1,450,423
May 20155,16121,83555.212.96$349,471

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           724 bbl  × $106.41 =    $77,041
Gas                6,786 Mcf  × $  3.05 =    $20,669

────────────────────────────────────────────────────
Month total                                  $97,710

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/278235 is the state's own key, not one this site invented.