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STATE PACIFIC 55-T2-8X17

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 280749District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$36.5 M
Feb 2016 – May 2026
Value, last 12 filed months
$4.1 M
at the published price for each month
Months reported
124
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 Gas112017-03-06219755
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
CondensateDisposition565,608 bbl$31,272,983
GasProduction1,662,356 Mcf$5,251,857
Total$36,524,841

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 31.8475, -103.7873. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.84749, -103.78725 · 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
10,896 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 10,896 ft.

Completions filed
Feb 2016
1 of 1 wells

1 well

42-301327531H10,896 ftFeb 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 (124)

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

124 months

May 20263,40714,087106.413.05$405,446
Apr 20263,48814,61298.932.87$387,000
Mar 20264,24415,35589.753.15$429,259
Feb 20263,65616,55863.503.75$294,254
Jan 20265,44419,95859.138.00$481,526
Dec 20252,5908,38356.664.41$183,747
Nov 20253,37614,10358.593.93$253,174
Oct 20253,73114,76159.383.30$270,330
Sep 20253,99315,28462.743.08$297,548
Aug 20253,97117,42963.933.01$306,410
Jul 20254,43518,60566.743.32$357,671
Jun 20255,11720,15966.483.13$403,250
May 20256,26223,92860.553.23$456,507
Apr 20257,82928,81862.363.54$590,322
Mar 20252,6618,77567.704.27$217,604
Feb 20251,9426,14270.884.34$164,310
Jan 20252,1467,18774.324.28$190,242
Dec 20242,2727,14568.993.12$179,047
Nov 20242,1337,65069.052.20$164,102
Oct 20242,44110,45071.372.28$198,055
Sep 20242,2906,94169.612.36$175,818
Aug 20242,4477,17975.632.06$199,881
Jul 20242,2556,86779.932.15$194,983
Jun 20242,2536,92678.082.63$194,157
May 20242,6167,35778.812.20$222,341
Apr 20242,7848,21684.451.66$248,741
Mar 20242,5297,77180.301.55$215,086
Feb 20242,5468,63276.091.78$209,122
Jan 20243,0308,07773.023.30$247,886
Dec 20232,8668,31671.262.61$225,942
Nov 20232,9219,66177.892.81$254,641
Oct 20232,9209,58385.443.09$279,070
Sep 20232,8599,81789.042.74$281,415
Aug 20233,00510,51980.522.67$270,079
Jul 20232,0027,54574.852.64$169,782
Jun 20233,0289,66168.962.26$230,630
May 20233,07310,05270.622.23$239,405
Apr 20232,9939,74178.122.24$255,611
Mar 20232,4379,32972.852.39$199,861
Feb 20232,5069,22075.112.47$210,959
Jan 20231,27311,93976.533.39$137,869
Dec 20221,27111,90176.415.73$165,299
Nov 20223591,72785.005.65$40,266
Oct 20225605,26287.185.86$79,676
Sep 20229138,49384.888.16$146,830
Aug 20227278,40294.529.13$145,402
Jul 20221,9713,467101.587.54$226,363
Jun 20222,3278,818115.097.98$338,157
May 20222,8569,602109.378.43$393,335
Apr 20222,6508,015104.226.84$330,986
Mar 20222,8937,753108.885.08$354,347
Feb 20222,6958,12991.054.86$284,877
Jan 20223,8259,97281.844.54$358,288
Dec 20212,9779,90371.323.90$250,933
Nov 20212,3556,24477.435.24$215,047
Oct 20212,7408,69479.795.71$268,301
Sep 20212,7399,70369.865.35$243,267
Aug 20213,1599,17766.024.22$247,290
Jul 20212,94010,71470.783.98$250,757
Jun 20213,1698,77469.493.38$249,875
May 20212,7879,46163.483.02$205,469
Apr 20212,9248,98860.362.76$201,285
Mar 20212,3797,69061.302.72$166,726
Feb 20211,9849,26357.805.55$166,066
Jan 20211,7859,14750.412.81$115,687
Dec 20202,3617,43144.642.68$125,276
Nov 20203,1537,50238.772.71$142,547
Oct 20202,81810,00636.972.48$128,981
Sep 20202,5667,60137.091.99$110,307
Aug 20202,8889,26639.982.39$137,563
Jul 20203,3048,68238.371.83$142,620
Jun 20203,28010,50334.901.69$132,225
May 20202,5817,48316.921.81$57,250
Apr 20202,9417,03414.751.80$56,072
Mar 20203,3149,50630.341.86$118,192
Feb 20202,7206,84749.881.98$149,235
Jan 20202,7807,56457.252.09$175,000
Dec 20192,7487,14459.012.30$178,622
Nov 20193,96810,07055.302.75$247,130
Oct 20192,6897,60053.472.42$162,162
Sep 20193,55610,25655.052.66$223,011
Aug 20193,3429,24853.112.30$198,804
Jul 20192,6869,46156.272.46$174,416
Jun 20193,5026,80052.782.49$201,776
May 20193,7506,42558.482.74$236,907
Apr 20194,2756,67162.632.75$286,093
Mar 20194,6995,49756.803.06$283,736
Feb 20193,0395,28550.852.79$169,290
Jan 20194,8167,73846.033.23$246,660
Dec 20183,8858,88946.594.19$218,207
Nov 20182,3424,47252.934.24$142,911
Oct 20185,3417,91361.443.40$355,040
Sep 20185,0434,76759.543.11$315,076
Aug 20185,31010,22659.403.07$346,773
Jul 20184,65213,47565.142.93$342,538
Jun 20184,8278,56960.183.08$316,855
May 20181,3123,06565.382.90$94,670
Apr 20184,58111,12763.842.90$324,728
Mar 20185,91615,39561.222.79$405,081
Feb 20184,66511,86161.782.77$321,013
Jan 20186,05213,20662.874.01$433,436
Dec 20176,59515,58657.272.92$423,230
Nov 20176,40415,53655.423.12$403,357
Oct 20175,80816,13149.292.98$334,406
Sep 20175,60014,93447.523.09$312,217
Aug 20176,87621,67845.373.00$377,094
Jul 20176,97523,65243.873.09$379,014
Jun 20176,66918,06142.493.09$339,125
May 20177,48221,67545.373.26$410,193
Apr 20177,41522,60847.933.21$428,009
Mar 20177,59123,91846.772.98$426,395
Feb 20177,35625,85950.452.95$447,461
Jan 20179,31529,07249.413.42$559,646
Dec 20169,06028,38148.763.72$547,423
Nov 201610,34929,47842.492.64$517,679
Oct 201611,24229,73246.193.09$611,148
Sep 201613,26239,75541.553.10$674,302
Aug 201614,34143,53341.442.92$721,596
Jul 201611,30635,65141.622.92$574,811
Jun 201614,54142,41445.352.69$773,351
May 201616,32045,43642.521.99$784,391
Apr 201623,91349,64836.561.99$973,110
Mar 201633,66378,32133.011.79$1,251,724
Feb 20167,06714,67526.472.06$217,347

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         3,407 bbl  × $106.41 =   $362,539
Gas               14,087 Mcf  × $  3.05 =    $42,907

────────────────────────────────────────────────────
Month total                                 $405,446

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/280749 is the state's own key, not one this site invented.