CAPTAIN CALL

Operated by COG OPERATING LLC (P-5 166150) in the SANDBAR (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 278371District 08Field 80544500Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$29.3 M
Jun 2014 – May 2026
Value, last 12 filed months
$863 k
at the published price for each month
Months reported
144
no gaps in the span
Streams
2
condensate, gas

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 1,654 leases and 2,003 wells, and the rule below applies to all of them.

Discovered
2010-09-15
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 2015-08-25.

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: DKT08-0319479 ORDER NUNC PRO TUNC REGARDING SWR13

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 Gas112016-04-01218026
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
CondensateDisposition323,808 bbl$21,867,842
GasProduction2,327,295 Mcf$7,458,167
Total$29,326,010

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 31.9994, -104.1718. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

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
7,659 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 7,659 ft.

Completions filed
Jun 2014
1 of 1 wells

1 well

42-10932630403H7,659 ftJun 2014

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 (144)

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

144 months

May 20263624,921106.413.05$53,509
Apr 20267994,85098.932.87$92,963
Mar 20261,1501,79889.753.15$108,875
Feb 20261,5733,39163.503.75$112,603
Jan 20261,34014,51659.138.00$195,332
Dec 202562111,94156.664.41$87,886
Nov 20251347758.593.93$8,153
Oct 20253492,10559.383.30$27,680
Sep 20255128,83762.743.08$59,314
Aug 202541311,29863.933.01$60,464
Jul 2025012,37466.743.32$41,022
Jun 202504,77066.483.13$14,924
May 20251775,45360.553.23$28,343
Apr 20257214,21862.363.54$59,906
Mar 20255192,85067.704.27$47,301
Feb 202513,24170.884.34$14,140
Jan 20250874.324.28$34
Dec 20241965968.993.12$3,368
Nov 2024182,38469.052.20$6,484
Oct 20241732,75871.372.28$18,639
Sep 20241,2142,95269.612.36$91,486
Aug 20241,7483,25175.632.06$138,910
Jul 20244432,63279.932.15$41,059
Jun 20244591,66378.082.63$40,219
May 2024419078.812.20$33,021
Apr 20245265,17984.451.66$53,014
Mar 20246085,64980.301.55$57,551
Feb 20246336,06376.091.78$58,979
Jan 20241,5346,68473.023.30$134,054
Dec 20231,6896,41371.262.61$137,101
Nov 20231,4265,72077.892.81$127,130
Oct 20231,7645,96785.443.09$169,138
Sep 20231,6405,75389.042.74$161,760
Aug 20231,9945,30680.522.67$174,739
Jul 20231,7724,98474.852.64$145,801
Jun 20236473,13668.962.26$51,700
May 20235003,72570.622.23$43,607
Apr 20231,0903,14678.122.24$92,191
Mar 20237843,75372.852.39$66,096
Feb 20231,1253,95675.112.47$94,253
Jan 20239935,59576.533.39$94,949
Dec 20221,1285,65976.415.73$118,611
Nov 20229604,02685.005.65$104,332
Oct 20221,7264,91387.185.86$179,281
Sep 20221,4914,76684.888.16$165,464
Aug 20229194,25394.529.13$125,682
Jul 20224683,061101.587.54$70,626
Jun 20223872,423115.097.98$63,869
May 20223562,570109.378.43$60,609
Apr 20224053,218104.226.84$64,213
Mar 20224005,746108.885.08$72,721
Feb 20222914,00391.054.86$45,945
Jan 20223752,41881.844.54$41,662
Dec 20213213,61371.323.90$36,981
Nov 20212842,21177.435.24$33,569
Oct 20214192,86179.795.71$49,779
Sep 20216604,01269.865.35$67,575
Aug 20211,2355,27066.024.22$103,777
Jul 20216375,42570.783.98$66,690
Jun 20214695,08569.493.38$49,781
May 20214494,01763.483.02$40,625
Apr 20214132,27160.362.76$31,193
Mar 20213732,51161.302.72$29,687
Feb 20212351,64057.805.55$22,682
Jan 20214162,79250.412.81$28,817
Dec 20202182,45044.642.68$16,286
Nov 20202712,73038.772.71$17,896
Oct 20202923,03836.972.48$18,325
Sep 20202822,54937.091.99$15,535
Aug 20204495,59139.982.39$31,286
Jul 20203806,31038.371.83$26,097
Jun 20205416,16634.901.69$29,303
May 20205956,53016.921.81$21,918
Apr 20206167,02814.751.80$21,767
Mar 20207947,65130.341.86$38,292
Feb 20203815,82049.881.98$30,532
Jan 20203646,64257.252.09$34,752
Dec 20193426,81859.012.30$35,893
Nov 20191066,87255.302.75$24,765
Oct 20191486,60653.472.42$23,890
Sep 201927710,65255.052.66$43,554
Aug 201994019,55453.112.30$94,983
Jul 201998821,45956.272.46$108,385
Jun 201989211,33352.782.49$75,313
May 20191,19018,15858.482.74$119,350
Apr 201971511,93362.632.75$77,605
Mar 201964912,01856.803.06$73,664
Feb 201972115,04650.852.79$78,675
Jan 20191,09718,80046.033.23$111,185
Dec 201898819,60146.594.19$128,070
Nov 20181,20219,52252.934.24$146,341
Oct 20181,39922,86261.443.40$163,641
Sep 20181,12820,22059.543.11$130,005
Aug 20181,19213,72159.403.07$112,881
Jul 20181,46122,67065.142.93$161,635
Jun 20181,49322,67560.183.08$159,618
May 20182,05921,17765.382.90$196,048
Apr 20181,45127,50963.842.90$172,430
Mar 20181,57731,84661.222.79$185,294
Feb 20182,05919,38861.782.77$180,835
Jan 20182,18823,66362.874.01$232,432
Dec 20171,78521,51857.272.92$165,092
Nov 20171,66921,54155.423.12$159,669
Oct 20172,41523,12949.292.98$188,045
Sep 20172,29922,83447.523.09$179,743
Aug 20172,41319,63945.373.00$168,481
Jul 20172,06119,03343.873.09$149,176
Jun 20171,78921,05442.493.09$141,014
May 20172,35222,88445.373.26$181,390
Apr 20172,08223,52447.933.21$175,340
Mar 20172,49430,22246.772.98$206,817
Feb 20172,40624,46450.452.95$193,615
Jan 20173,05227,72849.413.42$245,596
Dec 20163,05926,58848.763.72$248,139
Nov 20163,11426,18142.492.64$201,546
Oct 20162,94827,33246.193.09$220,631
Sep 20163,12926,96641.553.10$213,622
Aug 20163,19528,76641.442.92$216,522
Jul 20163,37526,80441.622.92$218,852
Jun 20163,02023,46945.352.69$199,991
May 20163,42425,50242.521.99$196,364
Apr 20162,82425,88236.561.99$154,778
Mar 20162,74530,12733.011.79$144,661
Feb 20163,79830,31026.472.06$163,082
Jan 20164,96233,04627.352.36$213,843
Dec 20153,96332,25332.362.00$192,794
Nov 20152,59734,02238.792.17$174,475
Oct 20152,53635,75343.552.43$197,200
Sep 20152,68037,14742.992.76$217,680
Aug 20153,15438,25240.162.87$236,543
Jul 20153,33544,10148.152.95$290,461
Jun 20154,29039,79256.152.88$355,598
May 20154,18545,89655.212.96$366,697
Apr 20153,25550,46149.822.71$298,740
Mar 20154,94647,82842.892.93$352,495
Feb 20154,99244,06944.662.98$354,100
Jan 20155,97237,69743.433.10$376,248
Dec 20145,69255,34154.693.59$510,045
Nov 20147,34663,64070.464.25$788,186
Oct 201420,61266,98078.303.90$1,875,206
Sep 201417,82355,02186.164.05$1,758,214
Aug 201435,435111,49889.394.04$3,617,442
Jul 201439,882100,55296.564.18$4,271,273
Jun 20146,5529,10198.164.74$686,255

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           362 bbl  × $106.41 =    $38,520
Gas                4,921 Mcf  × $  3.05 =    $14,989

────────────────────────────────────────────────────
Month total                                  $53,509

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/278371 is the state's own key, not one this site invented.