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FLATHEAD 2-15

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 283198District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$33.8 M
Jul 2017 – May 2026
Value, last 12 filed months
$179 k
at the published price for each month
Months reported
107
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 Gas112019-02-12221389
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
CondensateDisposition485,356 bbl$28,388,135
GasProduction1,758,270 Mcf$5,422,194
Total$33,810,329

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 31.6778, -103.7607. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.67782, -103.76068 · 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
10,793 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 10,793 ft.

Completions filed
Jul 2017
1 of 1 wells

1 well

42-389356932H10,793 ftJul 2017——

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 (107)

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

107 months

May 20262110106.413.05$22,453
Apr 202687098.932.87$8,607
Mar 202622089.753.15$1,975
Feb 202616763863.503.75$12,997
Jan 202625059.138.00$1,478
Dec 2025310056.664.41$17,565
Nov 20251441,67558.593.93$15,014
Oct 20251882,62259.383.30$19,829
Sep 20251642,45862.743.08$17,852
Aug 20253202,09463.933.01$26,771
Jul 20252211,54366.743.32$19,865
Jun 2025223066.483.13$14,825
May 202522245360.553.23$14,906
Apr 20251661,56162.363.54$15,883
Mar 20251752,72667.704.27$23,483
Feb 20251512,22570.884.34$20,361
Jan 20251773,54974.324.28$28,340
Dec 20242281,32368.993.12$19,859
Nov 20242301,15469.052.20$18,419
Oct 20243501,75571.372.28$28,983
Sep 20248656,14269.612.36$74,735
Aug 20241,1038,54975.632.06$101,062
Jul 20241,1747,82379.932.15$110,631
Jun 20241,4429,21878.082.63$136,871
May 20241,4038,24978.812.20$128,705
Apr 20241,6918,54684.451.66$156,984
Mar 20241,7218,08580.301.55$150,689
Feb 20241,67910,19676.091.78$145,941
Jan 20241,98110,71973.023.30$180,000
Dec 20231,93311,26271.262.61$167,148
Nov 20232,06411,01877.892.81$191,699
Oct 20232,05010,15585.443.09$206,503
Sep 20231,9729,44589.042.74$201,419
Aug 20232,43411,15080.522.67$225,788
Jul 20232,40310,49574.852.64$207,590
Jun 20232,86611,64068.962.26$223,928
May 20233,12211,81070.622.23$246,781
Apr 20232,5389,39078.122.24$219,281
Mar 20233,04211,80372.852.39$249,856
Feb 20234,86318,73375.112.47$411,450
Jan 20235,57817,57976.533.39$486,437
Dec 20220076.415.73$0
Nov 202226085.005.65$2,210
Oct 202213135287.185.86$13,485
Sep 202229084.888.16$2,462
Aug 20224972,34094.529.13$68,334
Jul 20222,0687,842101.587.54$269,212
Jun 20222,4699,534115.097.98$360,212
May 20222,8119,060109.378.43$383,842
Apr 20222,6419,467104.226.84$339,977
Mar 20222,78010,042108.885.08$353,664
Feb 20222,5388,22691.054.86$271,054
Jan 20222,9709,95781.844.54$288,246
Dec 20212,2267,65971.323.90$188,622
Nov 20211,9207,23577.435.24$186,554
Oct 20212,80810,69279.795.71$285,143
Sep 20212,83910,57069.865.35$254,892
Aug 20213,39812,19566.024.22$275,806
Jul 20213,75613,10970.783.98$318,051
Jun 20213,07010,84869.493.38$250,007
May 20213,19611,93363.483.02$238,892
Apr 20213,38912,24460.362.76$238,334
Mar 20213,43812,17061.302.72$243,815
Feb 20212,7749,84057.805.55$214,929
Jan 20213,72813,50250.412.81$225,873
Dec 20203,77512,83844.642.68$202,864
Nov 20203,70012,50938.772.71$177,305
Oct 20204,02213,54736.972.48$182,269
Sep 20203,60512,43137.091.99$158,460
Aug 20204,21013,73639.982.39$201,078
Jul 20204,24214,50538.371.83$189,239
Jun 20203,40112,90334.901.69$140,505
May 20204,71617,03916.921.81$110,716
Apr 20204,85717,24714.751.80$102,761
Mar 20204,40615,68630.341.86$162,795
Feb 20204,18615,21049.881.98$238,924
Jan 20204,35016,22557.252.09$283,025
Dec 20194,70316,68959.012.30$315,981
Nov 20194,72516,48055.302.75$306,624
Oct 20196,56121,58753.472.42$403,026
Sep 20192,88310,41655.052.66$186,387
Aug 20195,68721,90253.112.30$352,507
Jul 20195,79023,61856.272.46$383,905
Jun 20195,96023,91852.782.49$374,153
May 20196,22124,22058.482.74$430,175
Apr 20196,60024,46162.632.75$480,643
Mar 20197,09326,74256.803.06$484,769
Feb 20196,54922,84050.852.79$396,791
Jan 20197,52726,05346.033.23$430,572
Dec 20188,34127,37746.594.19$503,192
Nov 20187,20426,95252.934.24$495,510
Oct 20189,04233,49961.443.40$669,373
Sep 20188,89432,02159.543.11$629,070
Aug 201810,97341,36359.403.07$778,638
Jul 201811,23241,87165.142.93$854,413
Jun 201810,62638,64760.183.08$758,386
May 201812,90847,16965.382.90$980,753
Apr 201814,03649,98563.842.90$1,041,055
Mar 201814,49251,12061.222.79$1,029,664
Feb 201814,24850,62461.782.77$1,020,274
Jan 201817,52762,19962.874.01$1,351,298
Dec 201720,28269,02557.272.92$1,363,208
Nov 201722,78975,56155.423.12$1,498,593
Oct 201725,62585,83149.292.98$1,519,148
Sep 201725,83482,59047.523.09$1,482,610
Aug 201724,32763,03445.373.00$1,293,095
Jul 20170043.873.09$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           211 bbl  × $106.41 =    $22,453
Gas                    0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $22,453

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/283198 is the state's own key, not one this site invented.