SAPPHIRE STATE C20-12

Operated by COTERRA ENERGY OPERATING CO. (P-5 103285) 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 283197District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$27.6 M
Jul 2014 – May 2026
Value, last 12 filed months
$588 k
at the published price for each month
Months reported
143
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 Gas112019-02-06218200
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
CondensateDisposition401,991 bbl$22,588,955
GasProduction1,582,432 Mcf$5,010,011
Total$27,598,966

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 31.6368, -103.7498. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.63676, -103.74980 · 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
10,992 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 10,992 ft.

Completions filed
Jul 2014
1 of 1 wells

1 well

42-389340431H10,992 ftJul 2014

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 (143)

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

143 months

May 20265831,828106.413.05$67,605
Apr 20267332,81198.932.87$80,582
Mar 202670370889.753.15$65,324
Feb 20265741,78963.503.75$43,158
Jan 2026539059.138.00$31,871
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20252191,09259.383.30$16,613
Sep 20258033,35462.743.08$60,700
Aug 20257333,53463.933.01$57,515
Jul 20259764,04166.743.32$78,535
Jun 20251,1004,20166.483.13$86,272
May 20251,1254,29660.553.23$82,005
Apr 20258973,50762.363.54$68,363
Mar 20259373,80167.704.27$79,659
Feb 20251,0844,11170.884.34$94,679
Jan 20258874,32074.324.28$84,406
Dec 20241,0124,32568.993.12$83,318
Nov 20241,0504,37969.052.20$82,129
Oct 20249774,64871.372.28$80,332
Sep 20241,0264,72469.612.36$82,589
Aug 20249103,72275.632.06$76,504
Jul 20241,0373,98479.932.15$91,439
Jun 20248783,64578.082.63$78,155
May 20241,0104,33878.812.20$89,135
Apr 20249404,60684.451.66$87,025
Mar 20241,0274,39780.301.55$89,262
Feb 20241,1774,31476.091.78$97,253
Jan 20248603,39873.023.30$74,003
Dec 20231,1164,95771.262.61$92,468
Nov 2023139077.892.81$10,827
Oct 20238294,11385.443.09$83,528
Sep 20231,1475,07589.042.74$116,009
Aug 20231,0945,25880.522.67$102,143
Jul 20239894,94774.852.64$87,096
Jun 20231,1064,35268.962.26$86,099
May 20239364,88070.622.23$76,970
Apr 20231,1405,10478.122.24$100,478
Mar 20231,1334,91872.852.39$94,309
Feb 20231,0574,43075.112.47$90,314
Jan 20231,2185,28576.533.39$111,118
Dec 20221,2495,02576.415.73$124,225
Nov 20221,0675,26985.005.65$120,445
Oct 20221,2576,12987.185.86$145,524
Sep 20221,2256,23184.888.16$154,846
Aug 20221,1515,48594.529.13$158,855
Jul 20221,1766,072101.587.54$165,254
Jun 20221,2506,029115.097.98$191,957
May 20221,2676,758109.378.43$195,562
Apr 20221,3316,697104.226.84$184,508
Mar 20221,7607,019108.885.08$227,260
Feb 20225902,18991.054.86$64,356
Jan 20228642,20981.844.54$80,734
Dec 20219953,07671.323.90$82,957
Nov 20211,2324,18277.435.24$117,294
Oct 20211,1063,93279.795.71$110,715
Sep 20211,0024,44969.865.35$93,806
Aug 20211,4886,82266.024.22$127,031
Jul 20211,7067,52270.783.98$150,704
Jun 20211,4787,52769.493.38$128,152
May 20211,4016,84963.483.02$109,604
Apr 20211,5786,43860.362.76$113,007
Mar 20211,7566,61461.302.72$125,613
Feb 20211,2104,45957.805.55$94,676
Jan 20211,8206,37650.412.81$109,664
Dec 20201,6405,61044.642.68$88,219
Nov 20201,5195,13738.772.71$72,795
Oct 20201,6936,10236.972.48$77,714
Sep 20201,5455,45237.091.99$68,159
Aug 20201,7246,12739.982.39$83,539
Jul 20201,4986,06038.371.83$68,538
Jun 20201,4535,89534.901.69$60,674
May 20201,5435,72216.921.81$36,492
Apr 20201,5535,84414.751.80$33,452
Mar 20201,7586,34630.341.86$65,117
Feb 20201,7025,96849.881.98$96,716
Jan 20202,0027,07057.252.09$129,424
Dec 20191,9628,76259.012.30$135,968
Nov 20191,9326,89455.302.75$125,803
Oct 20192,0617,84453.472.42$129,173
Sep 20191,9877,90855.052.66$130,398
Aug 20192,0457,92853.112.30$126,879
Jul 20191,9117,09356.272.46$124,981
Jun 20192,0508,03752.782.49$128,221
May 20192,2058,38158.482.74$151,915
Apr 20192,1888,16062.632.75$159,480
Mar 20192,2668,65556.803.06$155,211
Feb 20192,1227,97550.852.79$130,172
Jan 20192,3728,83146.033.23$137,691
Dec 20182,1637,92546.594.19$133,944
Nov 20182,4869,29452.934.24$170,965
Oct 20182,81410,48261.443.40$208,511
Sep 20182,91310,29459.543.11$205,434
Aug 20182,95511,67159.403.07$211,317
Jul 20182,96611,63665.142.93$227,321
Jun 20182,71411,37860.183.08$198,338
May 20182,68311,62065.382.90$209,122
Apr 20182,0269,48963.842.90$156,866
Mar 20182,70311,09361.222.79$196,392
Feb 20182,1689,28961.782.77$159,634
Jan 20183,39013,01462.874.01$265,307
Dec 20173,84713,77457.272.92$260,559
Nov 20173,48113,89755.423.12$236,253
Oct 20172,92914,09749.292.98$186,431
Sep 20173,53414,05247.523.09$211,318
Aug 20173,78315,51545.373.00$218,248
Jul 20173,49316,22743.873.09$203,335
Jun 20174,14716,11742.493.09$225,964
May 20173,35112,34045.373.26$192,305
Apr 20173,13811,99147.933.21$188,915
Mar 20173,55214,13246.772.98$208,292
Feb 20172,1567,12350.452.95$129,802
Jan 20173,32311,56349.413.42$203,721
Dec 20163,54312,11148.763.72$217,844
Nov 20163,58813,90742.492.64$189,229
Oct 20164,20916,15946.193.09$244,349
Sep 20163,47014,24641.553.10$188,350
Aug 20164,80620,77241.442.92$259,905
Jul 20165,25519,66941.622.92$276,232
Jun 20164,56919,56745.352.69$259,758
May 20165,30421,51242.521.99$268,357
Apr 20165,77621,87036.561.99$254,715
Mar 20165,98426,46333.011.79$245,007
Feb 20165,31820,77126.472.06$183,631
Jan 20163,48414,45227.352.36$129,457
Dec 20154,13314,72232.362.00$163,209
Nov 20155,97929,31838.792.17$295,467
Oct 20156,67728,06443.552.43$358,883
Sep 20157,91032,58342.992.76$429,929
Aug 20157,56633,63940.162.87$400,478
Jul 20158,78935,46248.152.95$527,629
Jun 201510,37640,13156.152.88$698,304
May 201511,03343,47855.212.96$737,629
Apr 201511,69141,35349.822.71$694,370
Mar 201511,33536,64342.892.93$593,695
Feb 201510,26829,97144.662.98$547,768
Jan 20158,93331,33343.433.10$485,112
Dec 20147,73220,66254.693.59$497,068
Nov 201411,58940,68170.464.25$989,530
Oct 201415,60247,93778.303.90$1,408,637
Sep 201412,29241,61086.164.05$1,227,409
Aug 201410,62374,84089.394.04$1,251,578
Jul 2014512,14296.564.18$13,877

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           583 bbl  × $106.41 =    $62,037
Gas                1,828 Mcf  × $  3.05 =     $5,568

────────────────────────────────────────────────────
Month total                                  $67,605

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/283197 is the state's own key, not one this site invented.