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MOCAP 56-T1-25

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 280254District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.9 M
Mar 2016 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
123
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 Gas112017-03-06219801
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
CondensateDisposition259,348 bbl$15,220,310
GasProduction833,126 Mcf$2,652,280
Total$17,872,589

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 31.9417, -103.8051. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.94171, -103.80515 · 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
11,032 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 11,032 ft.

Completions filed
Mar 2016
1 of 1 wells

1 well

42-301327932H11,032 ftMar 2016——

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 (123)

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

123 months

May 20266121,989106.413.05$71,181
Apr 20261,4595,32698.932.87$159,623
Mar 20261,0094,35989.753.15$104,286
Feb 20261,2283,90163.503.75$92,608
Jan 20261,2573,63259.138.00$103,375
Dec 20251,5745,71856.664.41$114,418
Nov 20251,1944,59558.593.93$87,998
Oct 20251,1604,99659.383.30$85,392
Sep 20251,6985,57062.743.08$123,671
Aug 20251,7205,55663.933.01$126,710
Jul 20252,0667,15166.743.32$161,592
Jun 20251,8224,56366.483.13$135,403
May 20251,7504,45160.553.23$120,350
Apr 20251,5605,27762.363.54$115,979
Mar 20252,0905,82267.704.27$166,343
Feb 20251,8214,25270.884.34$147,530
Jan 20251,5791,48274.324.28$123,692
Dec 20242,7336,96668.993.12$210,293
Nov 20242,9856,81169.052.20$221,088
Oct 20245703,74471.372.28$49,222
Sep 20241,6023,89869.612.36$120,732
Aug 20242,9865,42775.632.06$237,031
Jul 20242,9866,85779.932.15$253,390
Jun 20241,8294,32978.082.63$154,211
May 20242,1936,29978.812.20$186,678
Apr 20242,9447,02284.451.66$260,272
Mar 20242,4007,87780.301.55$204,891
Feb 20242,5786,77576.091.78$208,244
Jan 20242,7867,97373.023.30$229,726
Dec 20232,6758,79471.262.61$213,579
Nov 20232,3457,48277.892.81$203,658
Oct 202353210,72585.443.09$78,565
Sep 20231,8589,51989.042.74$191,471
Aug 20232,9208,03280.522.67$256,587
Jul 20231,3492,77274.852.64$108,296
Jun 20231,4653,26368.962.26$108,396
May 20231,3742,31070.622.23$102,177
Apr 20231,2502,16878.122.24$102,501
Mar 20231,4921,94672.852.39$113,349
Feb 20237011,69275.112.47$56,824
Jan 20238759676.533.39$67,289
Dec 20228592,56076.415.73$80,303
Nov 20221,2552,93485.005.65$123,241
Oct 20221,5944,22787.185.86$163,751
Sep 20221,7305,42584.888.16$191,130
Aug 20221,0263,68694.529.13$130,620
Jul 20221,0972,892101.587.54$133,245
Jun 20221,6723,568115.097.98$220,893
May 20221,2533,545109.378.43$166,936
Apr 20229962,086104.226.84$118,066
Mar 20229862,924108.885.08$122,199
Feb 202207691.054.86$369
Jan 20225191,97681.844.54$51,441
Dec 20211,5185,94171.323.90$131,428
Nov 20212,5137,38477.435.24$233,250
Oct 20212,1526,72779.795.71$210,145
Sep 20211,9475,32969.865.35$164,532
Aug 20212,2868,15866.024.22$185,353
Jul 20211,6435,40370.783.98$137,807
Jun 202124038669.493.38$17,983
May 20212063.483.02$127
Apr 20214560260.362.76$4,377
Mar 202113682661.302.72$10,581
Feb 202111971957.805.55$10,867
Jan 202115695350.412.81$10,542
Dec 2020173,35944.642.68$9,746
Nov 2020501,16438.772.71$5,089
Oct 20201442,23636.972.48$10,865
Sep 2020251,31637.091.99$3,547
Aug 20201482,23439.982.39$11,245
Jul 20206411238.371.83$2,660
Jun 20206094334.901.69$3,688
May 20201351,02916.921.81$4,152
Apr 20201521,27414.751.80$4,541
Mar 20201671,48330.341.86$7,820
Feb 20202061,30149.881.98$12,852
Jan 202017829557.252.09$10,808
Dec 2019741,01659.012.30$6,708
Nov 20193611,70655.302.75$24,656
Oct 20191361,06253.472.42$9,840
Sep 201919385455.052.66$12,894
Aug 20197175,13353.112.30$49,908
Jul 2019667,66956.272.46$22,580
Jun 20193514752.782.49$2,214
May 20191,0592,08258.482.74$67,636
Apr 201920960462.632.75$14,751
Mar 20197731,39056.803.06$48,163
Feb 20191,2964,91150.852.79$79,614
Jan 20192,3776,08446.033.23$129,054
Dec 20183,3008,63046.594.19$189,867
Nov 20183,4409,59852.934.24$222,748
Oct 20181,2243,79261.443.40$88,088
Sep 20183,54714,01859.543.11$254,756
Aug 20182,5136,83059.403.07$170,217
Jul 20181,1483,17365.142.93$84,084
Jun 20181,8818,17260.183.08$138,343
May 20183,23513,31665.382.90$250,131
Apr 20183,51312,53663.842.90$260,634
Mar 20182,3618,98761.222.79$169,586
Feb 20182,5048,69161.782.77$178,737
Jan 20182,2463,46362.874.01$155,090
Dec 20173,09511,75457.272.92$211,590
Nov 20173,07511,93855.423.12$207,643
Oct 20173,38411,07349.292.98$199,836
Sep 20173,63014,99847.523.09$218,801
Aug 20174,08515,61045.373.00$232,235
Jul 20173,87815,18743.873.09$217,014
Jun 20174,17915,63942.493.09$225,848
May 20174,23316,52345.373.26$245,972
Apr 20174,27316,40647.933.21$257,494
Mar 20174,51715,95246.772.98$258,856
Feb 20175,10615,12850.452.95$302,265
Jan 20174,31610,18649.413.42$248,077
Dec 20165,55215,88148.763.72$329,838
Nov 20166,18918,55342.492.64$312,031
Oct 20166,69420,62046.193.09$372,917
Sep 20166,02824,84741.553.10$327,505
Aug 20164,96424,56141.442.92$277,533
Jul 20165,66228,85241.622.92$320,026
Jun 201610,44932,40245.352.69$560,888
May 201617,62736,02542.521.99$821,227
Apr 201610,08720,63736.561.99$409,870
Mar 20160033.011.79$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.

May 2026 — as filed, then multipliedworked
Condensate           612 bbl  × $106.41 =    $65,123
Gas                1,989 Mcf  × $  3.05 =     $6,058

────────────────────────────────────────────────────
Month total                                  $71,181

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/280254 is the state's own key, not one this site invented.