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STATE MOMENTUM 56-T2-17X8 SA

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 282114District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$45.1 M
Aug 2016 – May 2026
Value, last 12 filed months
$2.1 M
at the published price for each month
Months reported
118
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 Gas112017-05-25220169
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
CondensateDisposition651,920 bbl$36,895,716
GasProduction2,441,613 Mcf$8,200,306
Total$45,096,022

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 31.8685, -103.8809. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86847, -103.88093 · 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
10,325 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 10,325 ft.

Completions filed
Jan 2020
1 of 1 wells

1 well

42-389352801H10,325 ftJan 2020——

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 (118)

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

118 months

May 20261,29810,791106.413.05$170,988
Apr 20261,2919498.932.87$127,988
Mar 20261,7252,40589.753.15$162,393
Feb 20261,71510,85363.503.75$149,605
Jan 20261,46310,86659.138.00$173,413
Dec 20252,12312,74356.664.41$176,529
Nov 20252,01912,14258.593.93$165,968
Oct 20252,40312,69459.383.30$184,642
Sep 20252,51012,85162.743.08$197,019
Aug 20252,23813,97563.933.01$185,207
Jul 20252,61214,39866.743.32$222,057
Jun 20252,59813,19366.483.13$213,992
May 20252,92914,44460.553.23$224,039
Apr 20253,39714,31362.363.54$262,550
Mar 20253,17513,06067.704.27$270,692
Feb 20253,22313,56070.884.34$287,308
Jan 20252,70311,31974.324.28$249,317
Dec 20242,83810,99168.993.12$230,101
Nov 20243,52115,55069.052.20$277,311
Oct 20244,18717,20471.372.28$338,075
Sep 20243,47013,90769.612.36$274,428
Aug 20241,6915,79375.632.06$139,845
Jul 202424923079.932.15$20,396
Jun 20241,4177,20178.082.63$129,607
May 20245274,87478.812.20$52,248
Apr 20241722084.451.66$1,801
Mar 2024012380.301.55$190
Feb 20241315776.091.78$1,269
Jan 202418118273.023.30$13,817
Dec 20236316471.262.61$4,918
Nov 20234711,79577.892.81$41,726
Oct 20233,38215,64885.443.09$337,268
Sep 20233,52015,37589.042.74$355,472
Aug 20234,35416,32880.522.67$394,227
Jul 20232,99311,02474.852.64$253,149
Jun 20233,01717,06968.962.26$246,602
May 20237934,75970.622.23$66,602
Apr 20233,17315,69178.122.24$282,987
Mar 20233,43217,95572.852.39$292,990
Feb 20232,96216,93975.112.47$264,242
Jan 20233,50420,60276.533.39$337,955
Dec 20223,51919,02176.415.73$377,860
Nov 20223,30819,57985.005.65$391,727
Oct 20223,33321,54787.185.86$416,917
Sep 20223,52621,52084.888.16$474,969
Aug 20223,51823,58294.529.13$547,758
Jul 20223,3166,076101.587.54$382,665
Jun 20222,86411,558115.097.98$421,818
May 20223,23719,605109.378.43$519,360
Apr 20223,48522,277104.226.84$515,528
Mar 20222,30114,391108.885.08$323,587
Feb 20223,20420,75191.054.86$392,550
Jan 20222,52811,82481.844.54$260,545
Dec 20213,03022,34671.323.90$303,229
Nov 20213,09022,66777.435.24$357,962
Oct 20213,185079.795.71$254,131
Sep 20214,50611,76869.865.35$377,759
Aug 20214,55412,86266.024.22$354,940
Jul 20215,26723,25070.783.98$465,382
Jun 20214,94918,26969.493.38$405,667
May 20212,85312,01863.483.02$217,375
Apr 20213,9154,21760.362.76$247,942
Mar 20214,37413,00761.302.72$303,465
Feb 20212,18715,02357.805.55$209,755
Jan 20213,61316,61150.412.81$228,813
Dec 20202,04911,11744.642.68$121,210
Nov 20203,02515,49138.772.71$159,207
Oct 20201,3384,26436.972.48$60,034
Sep 20204,33529,34237.091.99$219,206
Aug 20204,46930,97939.982.39$252,559
Jul 20204,37728,88138.371.83$220,657
Jun 20203,83025,21234.901.69$176,283
May 20202,37010,67816.921.81$59,478
Apr 20203,38014,77114.751.80$76,508
Mar 20206,70534,82630.341.86$268,075
Feb 20209,11138,92549.881.98$531,554
Jan 20204,58013,58557.252.09$290,662
Dec 20199,44421,41559.012.30$606,638
Nov 20199,51619,84955.302.75$580,833
Oct 201910,62723,37553.472.42$624,759
Sep 201912,66126,72855.052.66$768,012
Aug 20196,03810,42653.112.30$344,703
Jul 20193,72412,16256.272.46$239,469
Jun 20195,60413,84652.782.49$330,272
May 20194,86210,59558.482.74$313,363
Apr 20196,18414,96462.632.75$428,465
Mar 20194,98911,97356.803.06$320,038
Feb 20193,96312,23050.852.79$235,667
Jan 20194,98319,30746.033.23$291,694
Dec 20187,23121,03246.594.19$424,920
Nov 20186,95921,03152.934.24$457,453
Oct 20186,15120,28161.443.40$446,834
Sep 20184,85717,70359.543.11$344,207
Aug 20186,47528,52459.403.07$472,086
Jul 20186,40828,00765.142.93$499,530
Jun 20184,52620,72760.183.08$336,150
May 20186,77524,86665.382.90$515,081
Apr 20188,87530,23963.842.90$654,297
Mar 20189,35634,16861.222.79$667,995
Feb 20187,10321,95361.782.77$499,548
Jan 20189,85327,64462.874.01$730,292
Dec 20178,87531,07657.272.92$599,060
Nov 201710,34633,49355.423.12$677,819
Oct 20177,02422,74849.292.98$414,086
Sep 201710,21333,18447.523.09$587,770
Aug 201712,40750,50845.373.00$714,652
Jul 201710,35135,46143.873.09$563,576
Jun 201715,99753,29742.493.09$844,255
May 201715,11455,85045.373.26$867,983
Apr 201712,63343,76647.933.21$746,059
Mar 201714,11851,47446.772.98$813,881
Feb 201719,77477,67950.452.95$1,226,953
Jan 201716,74261,00049.413.42$1,035,769
Dec 201623,46280,75048.763.72$1,444,626
Nov 201630,573101,20042.492.64$1,566,655
Oct 201632,680104,85446.193.09$1,833,515
Sep 201619,18041,06941.553.10$924,269
Aug 20162,8395,83741.442.92$134,718

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         1,298 bbl  × $106.41 =   $138,120
Gas               10,791 Mcf  × $  3.05 =    $32,868

────────────────────────────────────────────────────
Month total                                 $170,988

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/282114 is the state's own key, not one this site invented.