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STATE FOREST 55-T2-18X19

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 281230District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$39.8 M
Jan 2016 – May 2026
Value, last 12 filed months
$4.2 M
at the published price for each month
Months reported
125
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 Gas112017-03-06219752
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
CondensateDisposition604,723 bbl$32,714,727
GasProduction2,295,454 Mcf$7,122,041
Total$39,836,768

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 31.8327, -103.8027. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.83271, -103.80269 · 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
10,781 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 10,781 ft.

Completions filed
Jan 2016
1 of 1 wells

1 well

42-301327521H10,781 ftJan 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 (125)

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

125 months

May 20263,53315,738106.413.05$423,882
Apr 20263,72017,81798.932.87$419,149
Mar 20264,29519,48089.753.15$446,827
Feb 20264,24819,42563.503.75$342,598
Jan 20265,35624,38759.138.00$511,746
Dec 20253,95419,35556.664.41$309,454
Nov 20252,32610,52858.593.93$177,618
Oct 20253,56516,75659.383.30$267,066
Sep 20252,66211,02162.743.08$200,925
Aug 20254,06820,02063.933.01$320,423
Jul 20254,24722,19566.743.32$357,026
Jun 20255,48924,27166.483.13$440,846
May 20256,15829,61360.553.23$468,586
Apr 20252,85910,36162.363.54$214,998
Mar 20253,21611,64967.704.27$267,445
Feb 20253,07911,05670.884.34$266,232
Jan 20253,25112,30974.324.28$294,281
Dec 20243,25812,29568.993.12$263,147
Nov 20243,39012,90269.052.20$262,444
Oct 20243,55514,15171.372.28$286,004
Sep 20244,06314,53669.612.36$317,194
Aug 20243,66415,89475.632.06$309,908
Jul 20244,58617,31779.932.15$403,731
Jun 20244,94020,12878.082.63$438,732
May 20245,93622,28078.812.20$516,797
Apr 20242,1558,31584.451.66$195,786
Mar 20241,7467,40280.301.55$151,641
Feb 20241,9366,98676.091.78$159,771
Jan 20242,1747,75373.023.30$184,312
Dec 20232,1807,88271.262.61$175,925
Nov 20231,7897,93777.892.81$161,629
Oct 20232,3198,21585.443.09$223,497
Sep 20231,8807,90689.042.74$189,018
Aug 20232,2998,65180.522.67$208,239
Jul 20231,0524,63574.852.64$90,987
Jun 20232,1117,67968.962.26$162,917
May 20232,2998,23170.622.23$180,689
Apr 20231,9668,76678.122.24$173,200
Mar 20232,6859,60272.852.39$218,581
Feb 20232,3419,61375.112.47$199,535
Jan 20233,05811,06176.533.39$271,500
Dec 20223,06112,23076.415.73$303,958
Nov 20223,20511,42485.005.65$336,927
Oct 20223,22112,41887.185.86$353,623
Sep 20222,4797,88784.888.16$274,804
Aug 20221,4196,78494.529.13$196,043
Jul 20221,2284,373101.587.54$157,722
Jun 20221,93914,077115.097.98$335,455
May 20221,77111,198109.378.43$288,127
Apr 20221,56311,061104.226.84$238,527
Mar 20222,16413,467108.885.08$303,980
Feb 20221,80611,26891.054.86$219,186
Jan 20223,25314,59181.844.54$332,435
Dec 20212,93617,47671.323.90$277,537
Nov 20213,02915,52377.435.24$315,827
Oct 20212,49516,55479.795.71$293,663
Sep 20212,71512,36369.865.35$255,823
Aug 20213,48016,00266.024.22$297,287
Jul 20212,81311,95770.783.98$246,718
Jun 20213,00114,82569.493.38$258,657
May 20212,92314,86263.483.02$230,401
Apr 20211,6166,55960.362.76$115,634
Mar 20213,53111,26561.302.72$247,057
Feb 20211,0057,49857.805.55$99,688
Jan 20212,72811,04050.412.81$168,544
Dec 20202,1927,80344.642.68$118,727
Nov 20202,6919,84538.772.71$130,976
Oct 20202,32712,72636.972.48$117,570
Sep 20202,89512,06837.091.99$131,403
Aug 20203,55113,37139.982.39$173,860
Jul 20202,86613,47938.371.83$134,569
Jun 20203,20414,12234.901.69$135,690
May 20202,76614,51116.921.81$73,135
Apr 20202,98512,83214.751.80$67,183
Mar 20203,53517,49630.341.86$139,729
Feb 20202,86712,65949.881.98$168,079
Jan 20203,40412,51357.252.09$221,090
Dec 20191,78913,88759.012.30$137,570
Nov 20192,21112,41055.302.75$156,404
Oct 20193,18814,80553.472.42$206,269
Sep 20193,43216,90755.052.66$233,858
Aug 20193,82718,30753.112.30$245,438
Jul 20193,22215,04156.272.46$218,304
Jun 20194,52619,94352.782.49$288,564
May 20193,29516,68558.482.74$238,414
Apr 20193,89514,25462.632.75$283,152
Mar 20194,11014,80156.803.06$278,770
Feb 20195,89222,30150.852.79$361,878
Jan 20196,52624,13646.033.23$378,307
Dec 20185,39314,12746.594.19$310,388
Nov 20181,81611,65552.934.24$145,506
Oct 20183,80611,74261.443.40$273,741
Sep 20183,85314,04259.543.11$273,050
Aug 20184,45114,76959.403.07$309,679
Jul 20184,58213,39765.142.93$337,750
Jun 20184,58814,80460.183.08$321,657
May 20184,87515,74965.382.90$364,412
Apr 20185,10115,04963.842.90$369,302
Mar 20183,87316,70261.222.79$283,651
Feb 20184,51415,28161.782.77$321,144
Jan 20184,47511,78062.874.01$328,573
Dec 20174,03814,99457.272.92$275,062
Nov 20175,60019,42655.423.12$370,929
Oct 20172,37512,52849.292.98$154,443
Sep 20176,24224,86547.523.09$373,385
Aug 20178,11530,35845.373.00$459,385
Jul 20178,13931,79643.873.09$455,221
Jun 20175,41425,63042.493.09$309,168
May 20177,62629,69045.373.26$442,882
Apr 20178,00031,20347.933.21$483,652
Mar 20178,22232,14046.772.98$480,438
Feb 20178,61930,71150.452.95$525,506
Jan 20179,47230,45549.413.42$572,131
Dec 20166,55729,48248.763.72$429,476
Nov 201610,72733,80042.492.64$545,169
Oct 201610,81834,77046.193.09$607,132
Sep 201612,58436,66141.553.10$636,537
Aug 201611,10638,53141.442.92$572,910
Jul 201615,64251,30641.622.92$801,056
Jun 201617,72860,50445.352.69$966,468
May 201622,15568,75542.521.99$1,078,925
Apr 201627,24075,70236.561.99$1,146,620
Mar 201635,03898,41233.011.79$1,333,156
Feb 201627,24079,55826.472.06$885,221
Jan 20167145,35827.352.36$32,196

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         3,533 bbl  × $106.41 =   $375,947
Gas               15,738 Mcf  × $  3.05 =    $47,935

────────────────────────────────────────────────────
Month total                                 $423,882

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/281230 is the state's own key, not one this site invented.