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STATE PRIDE 57-T3-38

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 282023District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$25.5 M
Mar 2016 – May 2026
Value, last 12 filed months
$1.7 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 Gas112017-05-12220270
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
CondensateDisposition339,469 bbl$19,452,552
GasProduction1,936,528 Mcf$6,072,320
Total$25,524,872

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 31.6655, -103.9275. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.66547, -103.92749 · 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
10,168 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 10,168 ft.

Completions filed
Mar 2016
1 of 1 wells

1 well

42-389349531H10,168 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 20261,25210,006106.413.05$163,702
Apr 20261,25510,27798.932.87$153,649
Mar 20261,40411,97289.753.15$163,714
Feb 20261,33711,03663.503.75$126,288
Jan 20261,2969,93259.138.00$156,068
Dec 20251,44411,83456.664.41$134,045
Nov 20251,3468,71458.593.93$113,077
Oct 20251,55711,69659.383.30$131,108
Sep 20251,42611,21062.743.08$123,960
Aug 20251,38911,77963.933.01$124,310
Jul 20251,52614,34566.743.32$149,402
Jun 20251,46810,26566.483.13$129,709
May 20251,65311,27360.553.23$136,527
Apr 20258466,39362.363.54$75,408
Mar 20257025,39967.704.27$70,570
Feb 202599210,89870.884.34$117,619
Jan 20251,50611,02674.324.28$159,103
Dec 20241,58412,12568.993.12$147,127
Nov 20241,2488,28469.052.20$104,386
Oct 20241,5179,67271.372.28$130,334
Sep 20241,47812,53169.612.36$132,511
Aug 20241,48312,62875.632.06$138,219
Jul 20241,54312,45079.932.15$150,057
Jun 20241,54812,72778.082.63$154,391
May 20241,22410,69978.812.20$119,985
Apr 20241,80813,38084.451.66$174,886
Mar 20241,65613,92980.301.55$154,499
Feb 20241,43810,16076.091.78$127,539
Jan 20241,7549,78673.023.30$160,348
Dec 20231,94813,61871.262.61$174,367
Nov 20232,26115,30877.892.81$219,087
Oct 20231,95814,51685.443.09$212,106
Sep 20232,24915,58289.042.74$242,868
Aug 20231,93414,16380.522.67$193,582
Jul 20232,23818,19974.852.64$215,592
Jun 20231,89517,51968.962.26$170,246
May 20232,60918,82970.622.23$226,187
Apr 20231,7369,53078.122.24$156,942
Mar 20231,97911,04272.852.39$170,595
Feb 20234893,13375.112.47$44,454
Jan 20232,74912,39276.533.39$252,362
Dec 20221,9987,22276.415.73$194,043
Nov 20221,8748,77385.005.65$208,824
Oct 20222,23611,54687.185.86$262,637
Sep 20221,94311,02884.888.16$254,951
Aug 20222,10510,24794.529.13$292,491
Jul 20222,35312,236101.587.54$331,303
Jun 20222,27111,711115.097.98$354,790
May 20221,8128,784109.378.43$272,254
Apr 20221,71411,040104.226.84$254,120
Mar 20222,37210,820108.885.08$313,190
Feb 20221,92510,80691.054.86$227,776
Jan 20222,16010,10081.844.54$222,605
Dec 20212,26411,93671.323.90$208,008
Nov 20212,23914,60477.435.24$249,845
Oct 20211,8289,06779.795.71$197,664
Sep 202159512,05969.865.35$106,093
Aug 20213,5418,62666.024.22$270,184
Jul 20212,67012,80170.783.98$239,957
Jun 20211,98011,97469.493.38$178,070
May 20212,23910,58363.483.02$174,068
Apr 20212,23112,11860.362.76$168,090
Mar 20211,98811,40961.302.72$152,862
Feb 20211,5457,88057.805.55$133,019
Jan 20211,79512,62850.412.81$125,974
Dec 20202,29115,30044.642.68$143,205
Nov 20201,99411,49938.772.71$108,430
Oct 202013913,70236.972.48$39,098
Sep 202071115,92137.091.99$58,070
Aug 202074818,73039.982.39$74,578
Jul 20209068,33738.371.83$49,979
Jun 20202174,70334.901.69$15,523
May 20202,95913,98416.921.81$75,444
Apr 20202,93417,45314.751.80$74,768
Mar 20205,72725,63330.341.86$221,338
Feb 20206,44932,25949.881.98$385,571
Jan 20204,13722,59957.252.09$284,182
Dec 20197,15740,32859.012.30$515,265
Nov 2019209055.302.75$11,558
Oct 20191,89612,25653.472.42$131,021
Sep 20192,44912,06255.052.66$166,870
Aug 20191,85312,15453.112.30$126,420
Jul 20192,12812,19856.272.46$149,750
Jun 20192,46414,39552.782.49$165,911
May 20197868,32458.482.74$68,776
Apr 20195809,12762.632.75$61,431
Mar 201904056.803.06$122
Feb 20191,2895,25050.852.79$80,205
Jan 20192,42312,55046.033.23$152,044
Dec 20181,86612,32246.594.19$138,510
Nov 20181,32515,81352.934.24$137,136
Oct 20182,4258,45161.443.40$177,709
Sep 20182,92512,35659.543.11$212,557
Aug 20183,10520,24759.403.07$246,526
Jul 20182,92319,87965.142.93$248,687
Jun 20183,38718,62460.183.08$261,134
May 20182,89417,82065.382.90$240,902
Apr 20182,44517,82863.842.90$207,804
Mar 20183,54120,53361.222.79$274,002
Feb 20182,48316,41261.782.77$198,797
Jan 20182,60616,21062.874.01$228,830
Dec 20173,10017,72057.272.92$229,306
Nov 20173,52820,15355.423.12$258,366
Oct 20173,95120,63149.292.98$256,301
Sep 20173,82922,15747.523.09$250,359
Aug 20174,58423,72645.373.00$279,258
Jul 20174,72825,88843.873.09$287,341
Jun 20174,14417,88942.493.09$231,307
May 20174,00024,37845.373.26$261,035
Apr 20175,49825,93747.933.21$346,818
Mar 20176,63031,07646.772.98$402,806
Feb 20175,48424,61350.452.95$349,340
Jan 20176,22627,57349.413.42$401,893
Dec 20165,71426,35548.763.72$376,730
Nov 20167,20431,18942.492.64$388,573
Oct 20167,08234,93346.193.09$435,070
Sep 20168,48236,29341.553.10$464,958
Aug 20169,01738,13541.442.92$485,184
Jul 20169,34637,97941.622.92$500,044
Jun 201611,88650,00645.352.69$673,338
May 201618,99973,02142.521.99$953,225
Apr 20167,26351,32236.561.99$367,719
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         1,252 bbl  × $106.41 =   $133,225
Gas               10,006 Mcf  × $  3.05 =    $30,477

────────────────────────────────────────────────────
Month total                                 $163,702

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/282023 is the state's own key, not one this site invented.