MineralRecord
Log inSign up

MADISON 2-11

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 283510District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.5 M
Oct 2017 – May 2026
Value, last 12 filed months
$915 k
at the published price for each month
Months reported
104
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 Gas112018-05-14221426
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
CondensateDisposition239,965 bbl$14,666,834
GasProduction1,171,083 Mcf$3,826,965
Total$18,493,798

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 31.7107, -103.7462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.71069, -103.74623 · 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
11,215 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 11,215 ft.

Completions filed
Oct 2017
1 of 1 wells

1 well

42-389356953H11,215 ftOct 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 (104)

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

104 months

May 20268285,667106.413.05$105,368
Apr 20268165,26598.932.87$95,836
Mar 20267913,82589.753.15$83,039
Feb 20266553,14763.503.75$53,395
Jan 20266832,93559.138.00$63,860
Dec 20257715,53456.664.41$68,108
Nov 20257715,23458.593.93$65,724
Oct 20251,0835,70559.383.30$83,163
Sep 20251,3876,45762.743.08$106,888
Aug 20255872,03163.933.01$43,650
Jul 20257122,60366.743.32$56,148
Jun 20251,0376,66166.483.13$89,780
May 20251,1825,53860.553.23$89,471
Apr 20251,0075,67562.363.54$82,904
Mar 20251,0776,09967.704.27$98,945
Feb 20258746,51470.884.34$90,225
Jan 20259496,25374.324.28$97,284
Dec 20249716,58568.993.12$87,544
Nov 20249406,35869.052.20$78,885
Oct 20241,0016,44571.372.28$86,145
Sep 20249876,05969.612.36$83,031
Aug 20249835,85375.632.06$86,423
Jul 20249645,30979.932.15$88,449
Jun 20241,0094,65278.082.63$91,036
May 20241,0844,90578.812.20$96,213
Apr 20241,0474,88684.451.66$96,526
Mar 20249225,13880.301.55$81,975
Feb 20249885,30676.091.78$84,641
Jan 20241,1756,06773.023.30$105,805
Dec 20231,0986,13871.262.61$94,268
Nov 20231,0736,14677.892.81$100,831
Oct 20231,1656,16485.443.09$118,568
Sep 20231,0775,30189.042.74$110,395
Aug 20231,0325,92380.522.67$98,928
Jul 20231,0966,11674.852.64$98,193
Jun 20231,1405,71868.962.26$91,528
May 20231,1385,81070.622.23$93,307
Apr 20231,1024,73378.122.24$96,680
Mar 20231,2736,24672.852.39$107,686
Feb 20231,2725,52375.112.47$109,158
Jan 20231,1015,98676.533.39$104,538
Dec 20225496,08776.415.73$76,822
Nov 20221,1816,20585.005.65$135,420
Oct 20221,1387,14587.185.86$141,107
Sep 20221,3356,77384.888.16$168,607
Aug 20221,4547,77394.529.13$208,377
Jul 20221,3076,791101.587.54$183,983
Jun 20221,1836,669115.097.98$189,351
May 20221,2657,306109.378.43$199,965
Apr 20221,4577,369104.226.84$202,235
Mar 20221,3006,902108.885.08$176,581
Feb 20221,4526,56791.054.86$164,113
Jan 20221,5187,35381.844.54$157,599
Dec 20211,4247,44571.323.90$130,589
Nov 20211,5967,51577.435.24$162,933
Oct 20211,4628,67579.795.71$166,221
Sep 20211,6909,66869.865.35$169,796
Aug 20211,8129,22666.024.22$158,567
Jul 20211,9319,12970.783.98$173,029
Jun 20211,6879,36369.493.38$148,882
May 20211,8639,82263.483.02$147,903
Apr 20211,9349,87760.362.76$143,981
Mar 20212,09410,59361.302.72$157,143
Feb 20211,6248,16057.805.55$139,138
Jan 20212,10710,22850.412.81$134,957
Dec 20202,06410,87744.642.68$121,238
Nov 20202,12510,42938.772.71$110,613
Oct 20202,0079,79836.972.48$98,482
Sep 20201,84510,89337.091.99$90,119
Aug 20201,73711,26939.982.39$96,323
Jul 20201,95011,05538.371.83$94,998
Jun 20201,8439,24334.901.69$79,944
May 20202,08210,07116.921.81$53,504
Apr 20202,09210,89514.751.80$50,516
Mar 20201,93911,24330.341.86$79,699
Feb 20202,05511,30549.881.98$124,895
Jan 20202,30613,36657.252.09$160,017
Dec 20192,58613,05059.012.30$182,672
Nov 20192,45611,54255.302.75$167,565
Oct 20192,53112,75453.472.42$166,179
Sep 20192,60213,42755.052.66$178,919
Aug 20192,71514,13253.112.30$176,759
Jul 20192,78014,61356.272.46$192,379
Jun 20192,91614,42052.782.49$189,830
May 20193,08915,36958.482.74$222,761
Apr 20193,09614,87562.632.75$234,819
Mar 20193,28616,35556.803.06$236,725
Feb 20193,13715,43550.852.79$202,614
Jan 20193,56117,33746.033.23$219,880
Dec 20183,86618,63246.594.19$258,100
Nov 20183,77717,66152.934.24$274,751
Oct 20184,12717,69661.443.40$313,695
Sep 20184,17916,90259.543.11$301,349
Aug 20183,81417,69159.403.07$280,802
Jul 20184,55623,64665.142.93$366,105
Jun 20184,87025,51760.183.08$371,590
May 20184,39221,03165.382.90$348,156
Apr 20185,55928,81263.842.90$438,464
Mar 20186,65530,79861.222.79$493,248
Feb 20186,96231,93161.782.77$518,437
Jan 20188,76944,11062.874.01$728,158
Dec 201713,58352,67657.272.92$931,792
Nov 201715,19155,34755.423.12$1,014,477
Oct 201713,65449,72949.292.98$821,381

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           828 bbl  × $106.41 =    $88,107
Gas                5,667 Mcf  × $  3.05 =    $17,261

────────────────────────────────────────────────────
Month total                                 $105,368

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/283510 is the state's own key, not one this site invented.