TEXAS TWO STEP WC

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the FORD, WEST (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 279051District 08Field 31913800Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.7 M
Feb 2015 – May 2026
Value, last 12 filed months
$194
at the published price for each month
Months reported
136
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 1,466 leases and 1,484 wells, and the rule below applies to all of them.

Discovered
2010-11-05
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 80 acres. The field rule took effect on 2018-06-05.

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: DOCKET SAYS PRO PLAT NOT REQUIRED NOT LEASE PLAT NOT REQ

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 Gas112017-12-20221138
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
CondensateDisposition172,789 bbl$9,312,075
GasProduction771,318 Mcf$2,403,308
Total$11,715,383

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 31.8674, -104.0814. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86736, -104.08140 · 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
9,445 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 9,445 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-10932670803H9,445 ftNov 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 (136)

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

136 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202602159.138.00$168
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250859.383.30$26
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 20240069.052.20$0
Oct 20240071.372.28$0
Sep 202409069.612.36$213
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 20240180.301.55$2
Feb 202405876.091.78$103
Jan 202420144573.023.30$16,144
Dec 20231873,22971.262.61$21,756
Nov 20232253,70977.892.81$27,938
Oct 202301,91585.443.09$5,912
Sep 202317429389.042.74$16,294
Aug 20231863,03780.522.67$23,094
Jul 20231,2956,41974.852.64$113,888
Jun 20236274,00068.962.26$52,272
May 20239198,77970.622.23$84,454
Apr 20231,0176,87578.122.24$94,833
Mar 202315440772.852.39$12,193
Feb 202371475.112.47$5,343
Jan 20230376.533.39$10
Dec 20220076.415.73$0
Nov 202203,07085.005.65$17,334
Oct 2022142087.185.86$12,380
Sep 202203884.888.16$310
Aug 20220194.529.13$9
Jul 202200101.587.54$0
Jun 20221460115.097.98$16,803
May 20225173,466109.378.43$85,773
Apr 20222952,980104.226.84$51,121
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202235830781.844.54$30,692
Dec 202160489871.323.90$46,579
Nov 20215271,38577.435.24$48,059
Oct 20211,66510,32479.795.71$191,840
Sep 20211,2526,62669.865.35$122,920
Aug 20212,37012,32866.024.22$208,499
Jul 20212,0257,31370.783.98$172,450
Jun 20212,0473,19569.493.38$153,047
May 20212,3606,24363.483.02$168,652
Apr 20213,0695,82660.362.76$201,315
Mar 20213,9053,23161.302.72$248,155
Feb 202135673357.805.55$24,643
Jan 202180050.412.81$4,033
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020712037.091.99$26,408
Aug 20201,796039.982.39$71,804
Jul 20204522238.371.83$17,383
Jun 2020150034.901.69$5,235
May 2020559016.921.81$9,458
Apr 20201,080014.751.80$15,930
Mar 20201,279030.341.86$38,805
Feb 20201,865049.881.98$93,026
Jan 20203,76271957.252.09$216,881
Dec 20196,0627,60059.012.30$375,232
Nov 20192,44469255.302.75$137,057
Oct 2019219053.472.42$11,710
Sep 20192,7742,27955.052.66$158,765
Aug 20194,72111,12253.112.30$276,361
Jul 20197,43320,54256.272.46$468,789
Jun 20196,87428,33952.782.49$433,408
May 20196,90145,08058.482.74$527,104
Apr 20191,76560,96462.632.75$278,236
Mar 20195217,70756.803.06$57,174
Feb 20193,50915,03550.852.79$220,414
Jan 20193,1839,44446.033.23$177,000
Dec 20186,0278,69246.594.19$317,178
Nov 20183,2548,19552.934.24$206,958
Oct 20182,3329,99461.443.40$177,238
Sep 20182,6529,82759.543.11$188,442
Aug 20182,4718,54359.403.07$172,975
Jul 20182,7399,42965.142.93$206,063
Jun 20183,0489,53760.183.08$212,773
May 201868810,67065.382.90$75,933
Apr 20183,30412,34163.842.90$246,726
Mar 20184,9415,90561.222.79$318,944
Feb 20181,7244,60461.782.77$119,244
Jan 20182,18315,00262.874.01$197,393
Dec 201719315,58657.272.92$56,588
Nov 20172,23111,09955.423.12$158,253
Oct 20171,0276,14749.292.98$68,962
Sep 20172,0757,20947.523.09$120,860
Aug 20173,10016,58945.373.00$190,487
Jul 20171,46323,38643.873.09$136,381
Jun 20173979,02542.493.09$44,731
May 201763115,54145.373.26$79,345
Apr 20173,35016,36947.933.21$213,136
Mar 20172,58714,68746.772.98$164,815
Feb 20171,23313,68250.452.95$102,602
Jan 20171,23416,69949.413.42$118,062
Dec 20161,48822,12448.763.72$154,919
Nov 20162,03211,62142.492.64$117,070
Oct 20162,08727,72946.193.09$182,088
Sep 20166,74137,46341.553.10$396,247
Aug 201610,27129,67641.442.92$512,413
Jul 201610,92037,14541.622.92$563,115
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0

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.

Jan 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.13 =         $0
Gas                   21 Mcf  × $  8.00 =       $168

────────────────────────────────────────────────────
Month total                                     $168

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/279051 is the state's own key, not one this site invented.