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STATE JAMES 57-T2-42

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 278236District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$36.9 M
Apr 2015 – May 2026
Value, last 12 filed months
$2.5 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 Gas112016-12-06217889
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
CondensateDisposition490,392 bbl$27,681,857
GasProduction3,016,257 Mcf$9,202,503
Total$36,884,360

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, -103.9969. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.79573, -103.99695 · 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
9,719 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 9,719 ft.

Completions filed
Apr 2015
1 of 1 wells

1 well

42-389346631H9,719 ftApr 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 (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 20262,20816,875106.413.05$286,352
Apr 20262,21515,61698.932.87$263,944
Mar 20261,83515,18489.753.15$212,512
Feb 20261,97414,38063.503.75$179,279
Jan 20262,19114,21059.138.00$243,204
Dec 20251,65615,27456.664.41$161,239
Nov 20252,17217,71358.593.93$196,807
Oct 20252,12315,24659.383.30$176,449
Sep 20252,32618,26562.743.08$202,133
Aug 20252,13219,73863.933.01$195,804
Jul 20252,26819,69066.743.32$216,643
Jun 20252,10817,46166.483.13$194,770
May 20252,30419,73660.553.23$203,300
Apr 20252,29117,21562.363.54$203,862
Mar 20252,68419,92367.704.27$266,745
Feb 20252,16117,03470.884.34$227,114
Jan 20252,35218,91074.324.28$255,710
Dec 20242,31720,32468.993.12$223,289
Nov 20242,47218,06369.052.20$210,402
Oct 20241,93017,20171.372.28$176,986
Sep 20242,12318,69169.612.36$191,974
Aug 20242,77320,90375.632.06$252,858
Jul 20242,80823,77779.932.15$275,483
Jun 20242,77424,53078.082.63$281,205
May 20243,12026,15178.812.20$303,379
Apr 20242,98324,55084.451.66$292,648
Mar 20243,05227,17380.301.55$287,061
Feb 20242,86225,06076.091.78$262,468
Jan 20243,40125,85373.023.30$333,595
Dec 20233,20526,63471.262.61$297,922
Nov 20233,41127,38277.892.81$342,559
Oct 20233,56931,06585.443.09$400,842
Sep 20233,95734,85389.042.74$447,656
Aug 20234,69537,68580.522.67$478,769
Jul 20235,25645,94274.852.64$514,781
Jun 20232,50718,94168.962.26$215,661
May 20232,29816,79570.622.23$199,694
Apr 20232,35916,24178.122.24$220,629
Mar 20232,50517,18272.852.39$223,609
Feb 20231,96414,87275.112.47$184,186
Jan 20232,67017,66076.533.39$264,162
Dec 20222,28216,65676.415.73$269,791
Nov 20222,29016,33085.005.65$286,852
Oct 20222,49418,78287.185.86$327,560
Sep 20222,65817,64884.888.16$369,684
Aug 20225403,84294.529.13$86,107
Jul 20222,52413,427101.587.54$357,655
Jun 20221,6369,651115.097.98$265,275
May 20222,32714,054109.378.43$373,022
Apr 20222,75416,580104.226.84$400,389
Mar 20222,36114,058108.885.08$328,430
Feb 20222,79412,94191.054.86$317,272
Jan 20223,00313,97181.844.54$309,161
Dec 20219388,95671.323.90$101,819
Nov 20211,88412,31477.435.24$210,365
Oct 20211,50512,01279.795.71$188,719
Sep 20211,85613,60269.865.35$202,443
Aug 20212,05515,63966.024.22$201,677
Jul 20212,43516,60270.783.98$238,460
Jun 20212,22213,81469.493.38$201,107
May 20212,24816,25263.483.02$191,746
Apr 20212,04914,40760.362.76$163,418
Mar 20212,38215,48261.302.72$188,080
Feb 20211,48510,10657.805.55$141,901
Jan 20211,76612,96850.412.81$125,468
Dec 20201,85615,40044.642.68$124,054
Nov 20201,65312,86238.772.71$98,899
Oct 20201,88015,43636.972.48$107,761
Sep 20202,00419,81237.091.99$113,775
Aug 20202,01418,15139.982.39$123,812
Jul 20202,57420,00138.371.83$135,269
Jun 20202,18715,77834.901.69$102,996
May 20202,37918,99916.921.81$74,731
Apr 20202,78819,37114.751.80$76,076
Mar 20201,94417,16330.341.86$90,839
Feb 20202,18215,05649.881.98$138,659
Jan 20202,25015,25157.252.09$160,759
Dec 20192,19117,29259.012.30$169,138
Nov 20192,63618,81955.302.75$197,536
Oct 20192,48118,22053.472.42$176,725
Sep 20192,73921,92155.052.66$209,032
Aug 20193,02712,48753.112.30$189,539
Jul 20192,7063,38856.272.46$160,601
Jun 20191,7203,38952.782.49$99,224
May 20192,43711,43458.482.74$173,849
Apr 20191,50110,21162.632.75$122,095
Mar 20191,4868,30656.803.06$109,839
Feb 20192,41913,04450.852.79$159,428
Jan 20192,73316,80246.033.23$180,040
Dec 20183,16715,53746.594.19$212,580
Nov 20182,54216,01052.934.24$202,386
Oct 20182,74316,81561.443.40$225,669
Sep 20182,96719,42959.543.11$237,041
Aug 20183,22319,61659.403.07$251,600
Jul 20182,79418,19765.142.93$235,353
Jun 20182,89916,75460.183.08$226,013
May 20183,38717,34465.382.90$271,754
Apr 20183,06821,15363.842.90$257,222
Mar 20182,43618,22561.222.79$199,922
Feb 20183,61319,06961.782.77$275,958
Jan 20183,03217,15962.874.01$259,418
Dec 20173,54820,72457.272.92$263,740
Nov 20173,90821,75555.423.12$284,421
Oct 20173,14024,35749.292.98$227,444
Sep 20173,46321,75547.523.09$231,726
Aug 20173,63922,48145.373.00$232,643
Jul 20173,72822,80143.873.09$233,940
Jun 20174,24622,43942.493.09$249,688
May 20173,68623,40945.373.26$243,627
Apr 20173,69423,89647.933.21$253,798
Mar 20174,20225,36046.772.98$272,194
Feb 20174,42822,84450.452.95$290,842
Jan 20174,45825,12949.413.42$306,181
Dec 20164,61424,37448.763.72$315,719
Nov 20164,60025,38242.492.64$262,573
Oct 20165,03427,60546.193.09$317,827
Sep 20165,01828,37441.553.10$296,475
Aug 20164,59827,34541.442.92$270,507
Jul 20165,30130,91541.622.92$311,034
Jun 20165,32132,13945.352.69$327,627
May 20165,54935,54842.521.99$306,721
Apr 20165,74934,88936.561.99$279,649
Mar 20167,20438,24833.011.79$306,421
Feb 20166,55932,19526.472.06$240,055
Jan 20167,96737,93127.352.36$307,580
Dec 20158,37142,45332.362.00$355,851
Nov 201510,04651,29538.792.17$500,858
Oct 201511,17254,44843.552.43$618,663
Sep 201512,28663,14542.992.76$702,356
Aug 201513,21365,05640.162.87$717,507
Jul 201518,81090,79148.152.95$1,173,088
Jun 201523,243103,61756.152.88$1,603,808
May 201519,87876,48055.212.96$1,323,497
Apr 201511,56243,08449.822.71$692,629

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         2,208 bbl  × $106.41 =   $234,953
Gas               16,875 Mcf  × $  3.05 =    $51,399

────────────────────────────────────────────────────
Month total                                 $286,352

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/278236 is the state's own key, not one this site invented.