STATE MJ MCGARY 56-T2-32

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 281395District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$25.3 M
Jun 2016 – May 2026
Value, last 12 filed months
$957 k
at the published price for each month
Months reported
120
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 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 Gas112017-03-06219803
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
CondensateDisposition363,862 bbl$21,095,776
GasProduction1,348,340 Mcf$4,184,778
Total$25,280,554

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 31.8101, -103.8903. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.81010, -103.89027 · 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
10,351 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 10,351 ft.

Completions filed
Jun 2016
1 of 1 wells

1 well

42-389351991H10,351 ftJun 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 (120)

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

120 months

May 20261921,738106.413.05$25,724
Apr 202620234398.932.87$20,968
Mar 20263066689.753.15$27,671
Feb 202650491563.503.75$35,436
Jan 202660327459.138.00$37,847
Dec 202540560856.664.41$25,631
Nov 20251,1942,53158.593.93$79,894
Oct 20255275,14959.383.30$48,310
Sep 20252,00511,04162.743.08$159,766
Aug 20251,95412,10663.933.01$161,416
Jul 20252,12611,91566.743.32$181,390
Jun 20251,82210,19866.483.13$153,033
May 20252,66812,96160.553.23$203,442
Apr 20251,56912,95862.363.54$143,755
Mar 20251,0835,95167.704.27$98,720
Feb 20251,7118,32070.884.34$157,391
Jan 20252,0018,78874.324.28$186,315
Dec 20241,74815,58468.993.12$169,238
Nov 20242,36010,69069.052.20$186,459
Oct 20242,3018,84571.372.28$184,401
Sep 20241,4815,87769.612.36$116,988
Aug 20242,65312,82475.632.06$227,110
Jul 20242,93713,45879.932.15$263,643
Jun 20242,70711,14878.082.63$240,726
May 20242,61611,03678.812.20$230,429
Apr 20242,85811,45584.451.66$260,364
Mar 20242,52910,22080.301.55$218,870
Feb 20242,82611,54176.091.78$235,615
Jan 20242,98310,97673.023.30$254,014
Dec 20232,87414,14271.262.61$241,722
Nov 20233,71316,64977.892.81$335,949
Oct 20233,70116,25285.443.09$366,388
Sep 20234,08616,20489.042.74$408,136
Aug 20234,38615,59180.522.67$394,834
Jul 20231,5355,43074.852.64$129,240
Jun 20232,2317,75968.962.26$171,373
May 20232,4238,05170.622.23$189,045
Apr 20232,3997,90078.122.24$205,088
Mar 20231,1418,83372.852.39$104,261
Feb 20232,3284,60775.112.47$186,215
Jan 20233,0096,64176.533.39$252,777
Dec 20222,9878,52976.415.73$277,100
Nov 20228307,14885.005.65$110,909
Oct 20223,2209,34387.185.86$335,505
Sep 20222,2336,45684.888.16$242,242
Aug 20222,5848,91894.529.13$325,636
Jul 20222,7207,409101.587.54$332,177
Jun 20221,7475,003115.097.98$240,972
May 20222,0786,563109.378.43$282,617
Apr 20221,7314,547104.226.84$211,495
Mar 20221,8595,373108.885.08$229,683
Feb 20226052,99691.054.86$69,642
Jan 202220558881.844.54$19,445
Dec 20216192,00971.323.90$51,980
Nov 20211,6452,49277.435.24$140,423
Oct 20219494,46179.795.71$101,210
Sep 2021977069.865.35$68,253
Aug 202187931566.024.22$59,361
Jul 20215,53468670.783.98$394,428
Jun 20212,7686,17269.493.38$213,214
May 20213772,36263.483.02$31,060
Apr 20211,8618,20460.362.76$134,960
Mar 20212,2048,33861.302.72$157,759
Feb 20219422,93957.805.55$70,753
Jan 20213,01410,57850.412.81$181,663
Dec 20202,2529,12544.642.68$124,943
Nov 20202,57110,03738.772.71$126,844
Oct 20201,4055,71436.972.48$66,105
Sep 20202,35710,15137.091.99$107,632
Aug 20201,80710,33039.982.39$96,882
Jul 20202,57113,12038.371.83$122,595
Jun 20202,30010,11134.901.69$97,361
May 20202,37410,72516.921.81$59,631
Apr 20202,95211,74914.751.80$64,742
Mar 20202,78812,22530.341.86$107,280
Feb 20202,0298,06649.881.98$117,183
Jan 20202,2677,82557.252.09$146,177
Dec 20192,2478,70859.012.30$152,662
Nov 20192,8529,49755.302.75$183,839
Oct 20194,15114,31953.472.42$256,585
Sep 20192,97110,21155.052.66$190,687
Aug 201907953.112.30$182
Jul 201906956.272.46$170
Jun 20193822,15652.782.49$25,533
May 20191,4915,26158.482.74$101,611
Apr 20191,87818,39862.632.75$168,227
Mar 20191,60215,16156.803.06$137,418
Feb 20192,40015,92150.852.79$166,495
Jan 20193,1089,31146.033.23$173,119
Dec 20183,34811,41346.594.19$203,752
Nov 20181,3176,20852.934.24$96,014
Oct 20182,7919,71561.443.40$204,491
Sep 20183,21511,94759.543.11$228,552
Aug 20183,15812,75159.403.07$226,687
Jul 20183,71715,34365.142.93$287,109
Jun 20184,12914,83260.183.08$294,120
May 20183,31712,39265.382.90$252,812
Apr 20184,31920,34763.842.90$334,748
Mar 20184,50416,33061.222.79$321,244
Feb 20184,71014,82561.782.77$331,992
Jan 20183,7498,18462.874.01$268,512
Dec 20171,2504,97357.272.92$86,116
Nov 20174,12913,68455.423.12$271,501
Oct 20174,11314,95249.292.98$247,342
Sep 20174,59615,40747.523.09$265,968
Aug 20175,17616,70745.373.00$285,030
Jul 20174,99917,76943.873.09$274,164
Jun 20175,22717,59642.493.09$276,419
May 20175,06617,32745.373.26$286,389
Apr 20175,99419,44047.933.21$349,726
Mar 20175,85221,23646.772.98$337,059
Feb 20176,45819,57950.452.95$383,615
Jan 20177,96622,70949.413.42$471,238
Dec 20167,33122,77248.763.72$442,236
Nov 20169,87334,86942.492.64$511,710
Oct 201612,12541,34746.193.09$687,827
Sep 201613,42446,29241.553.10$701,302
Aug 201626,22591,15941.442.92$1,353,344
Jul 201611,76438,96241.622.92$603,556
Jun 20160045.352.69$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           192 bbl  × $106.41 =    $20,431
Gas                1,738 Mcf  × $  3.05 =     $5,294

────────────────────────────────────────────────────
Month total                                  $25,724

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/281395 is the state's own key, not one this site invented.