MineralRecord
Log inSign up

VELOCITY 56-2-17

Operated by ANADARKO E&P ONSHORE LLC (P-5 20528) 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 283384District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$22.9 M
Aug 2017 – May 2026
Value, last 12 filed months
$886 k
at the published price for each month
Months reported
106
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 Gas112019-04-09223215
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
CondensateDisposition278,755 bbl$16,851,233
GasProduction1,832,598 Mcf$6,010,948
Total$22,862,181

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 31.8401, -103.8888. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.84005, -103.88879 · 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
10,401 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 10,401 ft.

Completions filed
May 2018
1 of 1 wells

1 well

42-389357601H10,401 ftMay 2018——

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 (106)

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

106 months

May 20264408,173106.413.05$71,714
Apr 20265578,70798.932.87$80,091
Mar 20266208,35689.753.15$81,962
Feb 20264776,76763.503.75$55,668
Jan 20266877,12559.138.00$97,607
Dec 20255847,96856.664.41$68,255
Nov 20255748,20858.593.93$65,859
Oct 20255927,34859.383.30$59,437
Sep 202560812,13562.743.08$75,484
Aug 202564312,14063.933.01$77,706
Jul 202565011,66066.743.32$82,036
Jun 20256109,42466.483.13$70,038
May 20255804,26360.553.23$48,898
Apr 202572211,44962.363.54$85,589
Mar 202578710,67167.704.27$98,827
Feb 20257498,39670.884.34$89,535
Jan 20259058,40374.324.28$103,213
Dec 20245315,45468.993.12$53,658
Nov 20245773,70369.052.20$47,983
Oct 20245778,83471.372.28$61,334
Sep 20241,5797,72269.612.36$128,172
Aug 202446612,97975.632.06$62,027
Jul 202433811,89679.932.15$52,552
Jun 202442315,15078.082.63$72,933
May 202437213,95878.812.20$60,003
Apr 202446915,48684.451.66$65,301
Mar 202435217,11580.301.55$54,711
Feb 202435715,77476.091.78$55,299
Jan 202430610,32273.023.30$56,383
Dec 20234137,43371.262.61$48,836
Nov 20232553,70577.892.81$30,264
Oct 20231481385.443.09$12,685
Sep 20231,2373,71389.042.74$120,298
Aug 20231,2203,59680.522.67$107,846
Jul 20231,3852,74174.852.64$110,908
Jun 20231,6466,03368.962.26$127,134
May 20231,7817,42870.622.23$142,319
Apr 20231,80412,03878.122.24$167,867
Mar 20231,95714,49472.852.39$177,254
Feb 20231,82513,26675.112.47$169,785
Jan 20232,03911,35376.533.39$194,505
Dec 20222,16514,52376.415.73$248,631
Nov 20222,07913,60385.005.65$253,520
Oct 20222,23314,69687.185.86$280,847
Sep 20222,22715,10084.888.16$312,299
Aug 20222,24416,16594.529.13$359,643
Jul 20222,37014,526101.587.54$350,301
Jun 20222,53417,557115.097.98$431,694
May 20222,75719,384109.378.43$464,999
Apr 20221,95812,796104.226.84$291,557
Mar 20222,60115,470108.885.08$361,729
Feb 20222,40712,97491.054.86$282,196
Jan 20222,54815,76781.844.54$280,074
Dec 20212,79918,79171.323.90$272,893
Nov 20212,89518,41777.435.24$320,607
Oct 20213,03220,40779.795.71$358,526
Sep 20212,96419,04769.865.35$308,984
Aug 20213,24022,08866.024.22$307,129
Jul 20213,28522,62370.783.98$322,599
Jun 20213,36322,78469.493.38$310,719
May 20213,52924,86263.483.02$299,046
Apr 20213,55525,42060.362.76$284,699
Mar 20213,88123,66161.302.72$302,191
Feb 20212,72815,52157.805.55$243,788
Jan 20214,10624,75350.412.81$276,546
Dec 20204,35225,11144.642.68$261,457
Nov 20204,37425,34638.772.71$238,181
Oct 20203,79023,72336.972.48$198,912
Sep 20202,53018,14437.091.99$129,963
Aug 202028621,19639.982.39$61,989
Jul 202042719,59038.371.83$52,138
Jun 2020182034.901.69$662
May 20203478916.921.81$2,007
Apr 20201,4437,74514.751.80$35,259
Mar 20206,71137,94530.341.86$274,046
Feb 20206,46036,62849.881.98$394,773
Jan 20206,86841,94257.252.09$481,051
Dec 20197,12538,43559.012.30$509,014
Nov 20196,51137,72455.302.75$463,826
Oct 20197,78045,70653.472.42$526,538
Sep 20198,13746,11255.052.66$570,474
Aug 20198,75249,75753.112.30$579,477
Jul 201910,66961,72556.272.46$752,192
Jun 201910,15857,35152.782.49$679,012
May 201911,42467,46058.482.74$852,938
Apr 201911,56562,29162.632.75$895,660
Mar 201913,00566,33956.803.06$941,821
Feb 201914,77171,85050.852.79$951,726
Jan 201922,795111,03346.033.23$1,407,688
Dec 20186,55831,74546.594.19$438,404
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20181,6347,89760.183.08$122,633
May 20182362,66065.382.90$23,146
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$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           440 bbl  × $106.41 =    $46,820
Gas                8,173 Mcf  × $  3.05 =    $24,894

────────────────────────────────────────────────────
Month total                                  $71,714

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/283384 is the state's own key, not one this site invented.