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STATE PLACER 57-T2-44

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 281240District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$26.8 M
Mar 2016 – May 2026
Value, last 12 filed months
$1.3 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 Gas112017-03-06219754
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
CondensateDisposition385,944 bbl$20,050,448
GasProduction2,232,448 Mcf$6,756,761
Total$26,807,209

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 31.7811, -103.9926. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.78106, -103.99265 · 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
9,789 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 9,789 ft.

Completions filed
Mar 2016
1 of 1 wells

1 well

42-389350971H9,789 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 20266585,682106.413.05$87,324
Apr 202681812,08798.932.87$115,611
Mar 202675813,16089.753.15$109,477
Feb 202690114,35763.503.75$111,057
Jan 202647110,12759.138.00$108,845
Dec 202584316,65456.664.41$121,264
Nov 202568313,10358.593.93$91,465
Oct 202581915,38459.383.30$99,474
Sep 202589014,70062.743.08$101,069
Aug 202588315,73863.933.01$103,896
Jul 202589315,31266.743.32$110,361
Jun 202585410,97866.483.13$91,121
May 20251,01413,93060.553.23$106,424
Apr 202576411,07162.363.54$86,869
Mar 202581813,98567.704.27$115,071
Feb 20251,02514,07270.884.34$133,736
Jan 202592911,74874.324.28$119,309
Dec 20241,02012,38668.993.12$109,031
Nov 20241,94712,52969.052.20$161,985
Oct 202499816,14271.372.28$108,054
Sep 202483114,08469.612.36$91,146
Aug 20241,14417,07675.632.06$121,759
Jul 20241,18416,26079.932.15$129,541
Jun 20241,27717,32078.082.63$145,329
May 20241,08815,99278.812.20$120,903
Apr 20241,19917,56484.451.66$130,398
Mar 20241,26818,19080.301.55$129,926
Feb 202491116,25476.091.78$98,309
Jan 202489115,39273.023.30$115,818
Dec 20231,11518,32271.262.61$127,289
Nov 20231,09618,97677.892.81$138,644
Oct 20231,05521,17385.443.09$155,506
Sep 202358021,04989.042.74$109,213
Aug 20231,64423,95380.522.67$196,398
Jul 20231,76324,73974.852.64$197,316
Jun 20231,98724,30268.962.26$191,909
May 20232,50327,70070.622.23$238,461
Apr 20231,10510,53478.122.24$109,895
Mar 20231,38610,55572.852.39$126,230
Feb 20231,06913,29175.112.47$113,064
Jan 20231,11413,61076.533.39$131,361
Dec 20221,08510,67076.415.73$144,034
Nov 20221,10911,07285.005.65$156,780
Oct 20221,01211,37187.185.86$154,903
Sep 20229408,72884.888.16$151,040
Aug 20228396,10194.529.13$134,987
Jul 20221,1947,683101.587.54$179,232
Jun 20229327,778115.097.98$169,311
May 20227045,065109.378.43$119,710
Apr 20221,0317,725104.226.84$160,271
Mar 20221,1077,450108.885.08$158,349
Feb 20229666,31291.054.86$118,623
Jan 20229667,29381.844.54$112,151
Dec 20218465,54071.323.90$81,938
Nov 20216372,96877.435.24$64,866
Oct 20211,32210,53979.795.71$165,701
Sep 202151511,01169.865.35$94,897
Aug 202174410,93266.024.22$95,258
Jul 20211,14611,43270.783.98$126,637
Jun 20211,92711,39869.493.38$172,440
May 20211,67811,39563.483.02$140,906
Apr 20211,5689,59260.362.76$121,103
Mar 20211,7468,19361.302.72$129,290
Feb 20211,1916,28357.805.55$103,698
Jan 20212,39910,98650.412.81$151,807
Dec 20202,2929,51844.642.68$127,780
Nov 20202,2048,17838.772.71$107,583
Oct 20203,17210,56536.972.48$143,453
Sep 20203,0328,60237.091.99$129,584
Aug 20202,01311,06639.982.39$106,873
Jul 20202,15611,26638.371.83$103,288
Jun 20201,90810,11034.901.69$83,678
May 20201,7508,11716.921.81$44,340
Apr 20201,9106,41614.751.80$39,749
Mar 20201,3217,70830.341.86$54,387
Feb 20207814,34849.881.98$47,568
Jan 20201,2824,25857.252.09$82,314
Dec 20191,5995,12859.012.30$106,174
Nov 20191,1095,78555.302.75$77,241
Oct 20191,9629,29553.472.42$127,388
Sep 20191,8359,46955.052.66$126,179
Aug 20194,38111,49753.112.30$259,168
Jul 20199,55162156.272.46$538,962
Jun 20192,06310652.782.49$109,149
May 20191,4942,30358.482.74$93,680
Apr 20191,3042,44162.632.75$88,384
Mar 20191,4442,07556.803.06$88,373
Feb 20192,93311,50850.852.79$181,276
Jan 20191,5306,83646.033.23$92,494
Dec 20183,90115,80346.594.19$247,890
Nov 20182,8274,68252.934.24$169,472
Oct 20183,34214,72461.443.40$255,366
Sep 20183,16911,59659.543.11$224,723
Aug 20183,94017,03659.403.07$286,278
Jul 20183,31618,16465.142.93$269,259
Jun 20181,6188,93460.183.08$124,860
May 20184,04114,91565.382.90$307,466
Apr 20182,94913,90263.842.90$228,591
Mar 20184,65320,96361.222.79$343,277
Feb 20183,39013,54261.782.77$246,893
Jan 20184,00414,46062.874.01$309,706
Dec 20174,53223,36757.272.92$327,815
Nov 20175,05923,90155.423.12$354,902
Oct 20174,69328,44149.292.98$316,177
Sep 20175,45028,60947.523.09$347,308
Aug 20176,50836,34245.373.00$404,454
Jul 20176,85138,60843.873.09$419,747
Jun 20175,39221,58242.493.09$295,736
May 20177,07034,90845.373.26$434,685
Apr 20177,24036,20647.933.21$463,292
Mar 20178,56734,94546.772.98$504,943
Feb 20177,26631,44350.452.95$459,408
Jan 20178,07038,06749.413.42$528,882
Dec 20168,32034,78948.763.72$535,197
Nov 201610,85746,55442.492.64$584,419
Oct 20169,99345,87946.193.09$603,355
Sep 201610,88549,36741.553.10$605,341
Aug 201613,24661,03941.442.92$727,413
Jul 201616,37078,23141.622.92$910,093
Jun 201619,72997,18845.352.69$1,155,741
May 201625,130118,19742.521.99$1,303,863
Apr 201621,272107,18536.561.99$991,114
Mar 20165,46834,66533.011.79$242,688

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           658 bbl  × $106.41 =    $70,018
Gas                5,682 Mcf  × $  3.05 =    $17,306

────────────────────────────────────────────────────
Month total                                  $87,324

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/281240 is the state's own key, not one this site invented.