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 279303District 08Field 31913800Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.4 M
Mar 2015 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
135
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 Gas112017-12-20221133
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
CondensateDisposition131,529 bbl$6,467,593
GasProduction1,318,082 Mcf$3,919,533
Total$10,387,126

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 31.8673, -104.0814. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86733, -104.08135 · 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
10,107 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 10,107 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-10932669802H10,107 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 (135)

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

135 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 2025087356.664.41$3,853
Nov 20250058.593.93$0
Oct 20250159.383.30$3
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 20240169.612.36$2
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 20240876.091.78$14
Jan 20240073.023.30$0
Dec 2023013671.262.61$355
Nov 20230077.892.81$0
Oct 202303185.443.09$96
Sep 202305389.042.74$145
Aug 202307780.522.67$206
Jul 202308874.852.64$232
Jun 2023011068.962.26$248
May 2023016870.622.23$374
Apr 20239817178.122.24$8,038
Mar 2023211272.852.39$1,559
Feb 202316075.112.47$1,202
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 202233087.185.86$2,877
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 2022340115.097.98$3,913
May 20221200109.378.43$13,124
Apr 2022680104.226.84$7,087
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 2022836981.844.54$7,106
Dec 2021140071.323.90$9,985
Nov 2021122077.435.24$9,446
Oct 2021386079.795.71$30,799
Sep 2021314069.865.35$21,936
Aug 2021691066.024.22$45,620
Jul 2021582070.783.98$41,194
Jun 2021504069.493.38$35,023
May 2021704063.483.02$44,690
Apr 2021805060.362.76$48,590
Mar 2021958061.302.72$58,725
Feb 2021103057.805.55$5,953
Jan 2021298050.412.81$15,022
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20201,154037.091.99$42,802
Aug 2020797039.982.39$31,864
Jul 20202,612038.371.83$100,222
Jun 20201,369034.901.69$47,778
May 202050066716.921.81$9,670
Apr 20204133,29514.751.80$12,037
Mar 20203905,49230.341.86$22,027
Feb 202017410,74549.881.98$29,961
Jan 20208724,06057.252.09$58,427
Dec 20191,4054,75259.012.30$93,859
Nov 2019567055.302.75$31,355
Oct 201951053.472.42$2,727
Sep 201964319,14555.052.66$86,271
Aug 20191,09523,09253.112.30$111,368
Jul 20191,72425,54756.272.46$159,857
Jun 20191,59420,43952.782.49$135,049
May 20191,60022,95058.482.74$156,458
Apr 20191,40716,79162.632.75$134,307
Mar 201965022,03356.803.06$104,387
Feb 20192,05424,43850.852.79$172,682
Jan 201970823,65046.033.23$108,936
Dec 201823716,14246.594.19$78,603
Nov 20181,45613,45552.934.24$134,078
Oct 201889621,08561.443.40$126,699
Sep 201868117,96759.543.11$96,388
Aug 20181,01124,23259.403.07$134,362
Jul 20181,10530,94465.142.93$162,704
Jun 20181,88124,87960.183.08$189,749
May 20181,51831,54565.382.90$190,753
Apr 20181,72835,52563.842.90$213,366
Mar 20182,28032,57161.222.79$230,352
Feb 20184,19727,63261.782.77$335,724
Jan 20184,05424,04162.874.01$351,263
Dec 20171,90830,68757.272.92$198,924
Nov 20173,41524,04855.423.12$264,250
Oct 20173,3812,47649.292.98$174,037
Sep 20172,57426,21847.523.09$203,259
Aug 20172,18434,02345.373.00$201,307
Jul 201766622,22943.873.09$97,845
Jun 201715326,84042.493.09$89,364
May 201744149,17245.373.26$180,476
Apr 20174,13750,74247.933.21$361,249
Mar 20172,86739,49646.772.98$251,933
Feb 20171,45328,24450.452.95$156,697
Jan 20171,88528,35249.413.42$190,068
Dec 20161,65320,07548.763.72$155,336
Nov 20165,02765,82742.492.64$387,667
Oct 20167,07177,54846.193.09$566,253
Sep 20168,18080,77941.553.10$590,345
Aug 20168,21466,79041.442.92$535,705
Jul 201610,30851,25841.622.92$578,915
Jun 20168,58834,15245.352.69$481,192
May 20166,3346,96742.521.99$283,193
Apr 20162,00523,02636.561.99$119,148
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 201518220032.362.00$6,290
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

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/279303 is the state's own key, not one this site invented.