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STATE LRP 57-T2-12

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 278910District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$24.9 M
Jul 2015 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
131
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 Gas112017-03-06218027
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
CondensateDisposition402,436 bbl$19,446,945
GasProduction1,769,499 Mcf$5,451,609
Total$24,898,554

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 31.8685, -103.9109. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86852, -103.91092 · 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
10,128 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 10,128 ft.

Completions filed
Jul 2015
1 of 1 wells

1 well

42-389347871H10,128 ftJul 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 (131)

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

131 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 202420069.052.20$1,381
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20237152,43968.962.26$54,815
May 20231,2924,49070.622.23$101,242
Apr 20237373,83678.122.24$66,158
Mar 20231,86910,91972.852.39$162,288
Feb 20231,88611,75975.112.47$170,651
Jan 20231,84212,74376.533.39$184,138
Dec 20222,06911,01976.415.73$221,221
Nov 20221,70610,13685.005.65$202,240
Oct 20221,66110,28587.185.86$205,115
Sep 20221,64110,52384.888.16$225,194
Aug 20221,84912,37794.529.13$287,734
Jul 20222,04313,247101.587.54$307,438
Jun 20222,23812,206115.097.98$354,941
May 20221,84811,054109.378.43$295,335
Apr 20222,61513,347104.226.84$363,797
Mar 20221,1355,680108.885.08$152,413
Feb 2022039191.054.86$1,900
Jan 20225532,34481.844.54$55,894
Dec 20211,4708,60871.323.90$138,404
Nov 20212,38912,07977.435.24$248,236
Oct 20211,66310,58779.795.71$193,184
Sep 20214872,80769.865.35$49,042
Aug 20212,34429,13066.024.22$277,697
Jul 20211,98125,26270.783.98$240,810
Jun 20211,9969,80669.493.38$171,852
May 20212,21210,60763.483.02$172,426
Apr 20212,36511,88560.362.76$175,535
Mar 20212,41412,28961.302.72$181,367
Feb 20212,01910,74057.805.55$176,283
Jan 20212,20967,16550.412.81$300,107
Dec 20201,65346,27644.642.68$197,600
Nov 20201791,82638.772.71$11,882
Oct 20202,06211,51136.972.48$104,761
Sep 20201,84813,64137.091.99$95,702
Aug 20202,40117,75839.982.39$138,347
Jul 20203,14717,52538.371.83$152,736
Jun 2020247,66234.901.69$13,789
May 20202,22215,74816.921.81$66,175
Apr 20202,02614,74614.751.80$56,491
Mar 20202,59417,68130.341.86$111,522
Feb 20204,74615,35149.881.98$267,136
Jan 20202,46214,76457.252.09$171,876
Dec 20192,10613,68559.012.30$155,810
Nov 20191,33210,80155.302.75$103,370
Oct 20191955,62553.472.42$24,031
Sep 20193,09314,19155.052.66$207,979
Aug 20192,43112,12553.112.30$157,051
Jul 20192,4503,98356.272.46$147,660
Jun 20192,1535,43852.782.49$127,182
May 20192,5437,09058.482.74$168,144
Apr 201917240762.632.75$11,892
Mar 20192,5706,82856.803.06$166,884
Feb 20193,88410,05150.852.79$225,566
Jan 20193,32611,54546.033.23$190,365
Dec 20182,68110,41746.594.19$168,508
Nov 201872310,40352.934.24$82,348
Oct 20182,82015,95961.443.40$227,491
Sep 20183,33717,78159.543.11$253,948
Aug 20186,97826,26259.403.07$495,027
Jul 20185,11421,14965.142.93$395,132
Jun 20183,72626,48060.183.08$305,708
May 20181,93331,93265.382.90$219,008
Apr 20182,64025,93163.842.90$243,758
Mar 20184,73527,10461.222.79$365,411
Feb 201805,23861.782.77$14,489
Jan 20180062.874.01$0
Dec 20173,3848,10057.272.92$217,466
Nov 20174,03714,43255.423.12$268,735
Oct 20179444,40149.292.98$59,661
Sep 20173,80520,41147.523.09$243,828
Aug 20174,58420,27745.373.00$268,896
Jul 20174,81520,00443.873.09$272,992
Jun 20173,77515,13442.493.09$207,123
May 20175,09218,31445.373.26$290,790
Apr 20175,25819,21147.933.21$313,714
Mar 20175,69021,18646.772.98$329,334
Feb 20175,11815,52950.452.95$304,054
Jan 20174,1737,73349.413.42$232,626
Dec 20162,93511,58648.763.72$186,243
Nov 20165,47120,88242.492.64$287,682
Oct 20166,33220,34746.193.09$355,353
Sep 20166,10022,56441.553.10$323,418
Aug 20166,57625,33741.442.92$346,603
Jul 20167,38728,73441.622.92$391,475
Jun 20167,29433,22445.352.69$420,017
May 20167,15223,75442.521.99$351,398
Apr 20168,33628,12236.561.99$360,756
Mar 20169,08530,51133.011.79$354,633
Feb 20169,57826,29026.472.06$307,782
Jan 201611,37230,26127.352.36$382,572
Dec 201512,63225,97132.362.00$460,750
Nov 201517,52152,33138.792.17$793,058
Oct 201523,62571,53243.552.43$1,202,447
Sep 201529,33287,09242.992.76$1,501,219
Aug 201535,008114,55940.162.87$1,734,991
Jul 20158,45146,99648.152.95$545,323

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.

Nov 2024 — as filed, then multipliedworked
Condensate            20 bbl  × $ 69.05 =     $1,381
Gas                    0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                   $1,381

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/278910 is the state's own key, not one this site invented.