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STATE MAGELLAN

Operated by EOG RESOURCES, INC. (P-5 253162) in the SANDBAR (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 283698District 08Field 80544500Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$16.9 M
Apr 2016 – May 2026
Value, last 12 filed months
$413 k
at the published price for each month
Months reported
122
no gaps in the span
Streams
2
condensate, gas

The SANDBAR (BONE SPRING) 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 1,654 leases and 2,003 wells, and the rule below applies to all of them.

Discovered
2010-09-15
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 2015-08-25.

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: “DKT08-0319479 ORDER NUNC PRO TUNC REGARDING SWR13”

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
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
CondensateDisposition246,250 bbl$12,262,461
GasProduction1,449,729 Mcf$4,613,446
Total$16,875,907

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 31.9825, -103.6463. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.98250, -103.64627 · 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
10,557 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 10,557 ft.

Completions filed
Apr 2016
1 of 1 wells

1 well

42-301327129H10,557 ftApr 2016——

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 (122)

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

122 months

May 202627569106.413.05$29,473
Apr 202634414198.932.87$34,437
Mar 202616046689.753.15$15,828
Feb 20261131,02063.503.75$11,001
Jan 20262253,47359.138.00$41,081
Dec 20253785,29856.664.41$44,799
Nov 20252174,64358.593.93$30,944
Oct 20254256,81359.383.30$47,752
Sep 20253966,49862.743.08$44,839
Aug 20253016,57063.933.01$39,050
Jul 20253358,21066.743.32$49,576
Jun 20252143,32666.483.13$24,633
May 20254186,80660.553.23$47,309
Apr 20253346,70662.363.54$44,588
Mar 20254039,09867.704.27$66,116
Feb 20254318,55270.884.34$67,672
Jan 20255129,72974.324.28$79,679
Dec 202447814,07568.993.12$76,911
Nov 202448810,65369.052.20$57,116
Oct 202445012,63671.372.28$60,944
Sep 202414169.612.36$977
Aug 20243677,50175.632.06$43,236
Jul 20242727,40979.932.15$37,645
Jun 20241807,29378.082.63$33,264
May 20243917,56878.812.20$47,453
Apr 20243067,34284.451.66$38,024
Mar 20242807,43080.301.55$33,964
Feb 20242967,15976.091.78$35,292
Jan 20243207,77473.023.30$49,002
Dec 20232967,89271.262.61$41,697
Nov 20233097,68177.892.81$45,633
Oct 20233968,34185.443.09$59,585
Sep 20234648,71489.042.74$65,148
Aug 20236879,32580.522.67$80,242
Jul 20236769,29974.852.64$75,165
Jun 20231,2519,08868.962.26$106,794
May 20235439,33870.622.23$59,146
Apr 20235169,67078.122.24$61,949
Mar 20234267,40472.852.39$48,753
Feb 20235538,60975.112.47$62,763
Jan 20236179,58476.533.39$79,687
Dec 20226749,57176.415.73$106,333
Nov 20225629,60185.005.65$101,979
Oct 20226049,50487.185.86$108,386
Sep 202267110,69884.888.16$144,290
Aug 20225709,78294.529.13$143,158
Jul 202273111,854101.587.54$163,659
Jun 202263911,423115.097.98$164,666
May 202268712,279109.378.43$178,686
Apr 20227279,958104.226.84$143,857
Mar 202287211,154108.885.08$151,566
Feb 20229539,64891.054.86$133,649
Jan 20221,2559,86881.844.54$147,487
Dec 20219106,29371.323.90$89,438
Nov 20216505,08377.435.24$76,948
Oct 20216845,63379.795.71$86,763
Sep 20217255,72869.865.35$81,299
Aug 20218565,70766.024.22$80,600
Jul 20217475,46970.783.98$74,651
Jun 20211,2755,48669.493.38$107,146
May 20218265,47263.483.02$68,947
Apr 20218015,49760.362.76$63,511
Mar 20219587,34761.302.72$78,687
Feb 20215761,21557.805.55$40,034
Jan 20211,1723,31650.412.81$68,399
Dec 20205894,93744.642.68$39,502
Nov 20206247,55738.772.71$44,646
Oct 20206038,07536.972.48$42,306
Sep 20207198,53937.091.99$43,669
Aug 20207979,84739.982.39$55,350
Jul 202097110,75138.371.83$56,879
Jun 202086410,74834.901.69$48,321
May 20201,01717,38616.921.81$48,759
Apr 20201,10217,74314.751.80$48,270
Mar 20201,83519,23330.341.86$91,375
Feb 20201,73417,43249.881.98$121,019
Jan 20201,80816,98057.252.09$139,077
Dec 20191,1758,01859.012.30$87,813
Nov 20198666,64455.302.75$66,165
Oct 20198186,41753.472.42$59,258
Sep 20197095,75655.052.66$54,326
Aug 20197907,08853.112.30$58,290
Jul 20199299,21456.272.46$74,942
Jun 20191,18110,70452.782.49$88,999
May 20191,31310,92758.482.74$106,728
Apr 20191,35710,61862.632.75$114,196
Mar 20191,46210,73256.803.06$115,904
Feb 20191,5659,84350.852.79$107,064
Jan 20191,91311,24946.033.23$124,369
Dec 20187754,33246.594.19$54,239
Nov 20181,1638,66452.934.24$98,269
Oct 20181,57810,55761.443.40$132,826
Sep 20181,60511,32559.543.11$130,760
Aug 20181,72212,26759.403.07$139,904
Jul 20181,75911,62465.142.93$148,661
Jun 20181,69911,41260.183.08$137,360
May 20181,83411,11865.382.90$152,158
Apr 20181,85510,25063.842.90$148,156
Mar 20181,4586,49561.222.79$107,359
Feb 20181,33114,22261.782.77$121,569
Jan 20181,63411,24362.874.01$147,806
Dec 20172,03914,26857.272.92$158,458
Nov 20172,32319,37955.423.12$189,171
Oct 20172,67819,15249.292.98$189,142
Sep 20172,47318,31147.523.09$174,048
Aug 20172,99021,51945.373.00$200,308
Jul 20173,29220,73043.873.09$208,419
Jun 20173,65218,29242.493.09$211,646
May 20173,69318,53245.373.26$228,029
Apr 20173,12418,87247.933.21$210,343
Mar 20174,17025,22446.772.98$270,291
Feb 20174,30124,81150.452.95$290,242
Jan 20175,30428,34949.413.42$358,990
Dec 20166,40832,38848.763.72$433,029
Nov 20166,96629,30342.492.64$373,473
Oct 20168,01935,70146.193.09$480,723
Sep 20168,87633,00941.553.10$471,147
Aug 201610,80533,52741.442.92$545,804
Jul 201612,60032,86341.622.92$620,515
Jun 201617,08942,79645.352.69$889,929
May 201627,97456,02142.521.99$1,300,995
Apr 201627,13849,94536.561.99$1,091,608

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           275 bbl  × $106.41 =    $29,263
Gas                   69 Mcf  × $  3.05 =       $210

────────────────────────────────────────────────────
Month total                                  $29,473

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/283698 is the state's own key, not one this site invented.