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STATE MERCURY 7

Operated by EOG RESOURCES, INC. (P-5 253162) 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 284459District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$23.9 M
Apr 2018 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
98
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 Gas112019-04-09223153
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
CondensateDisposition292,536 bbl$18,702,172
GasProduction1,507,044 Mcf$5,168,841
Total$23,871,013

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 31.9859, -103.6643. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.98591, -103.66426 · 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
12,318 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 12,318 ft.

Completions filed
Apr 2018
1 of 1 wells

1 well

42-3013326818H12,318 ftApr 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 (98)

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

98 months

May 20262,0108,901106.413.05$240,995
Apr 20262,0875,71598.932.87$222,867
Mar 20267171,69889.753.15$69,699
Feb 20261,5421,61763.503.75$103,981
Jan 2026499059.138.00$29,506
Dec 20250056.664.41$0
Nov 2025124058.593.93$7,265
Oct 20254811,86759.383.30$34,732
Sep 20251,2708,06862.743.08$104,504
Aug 20251,2539,03363.933.01$107,337
Jul 20251,3769,00266.743.32$121,678
Jun 20251,4138,57466.483.13$120,762
May 20251,3968,94560.553.23$113,441
Apr 20251,4238,54362.363.54$119,007
Mar 20251,3069,34267.704.27$128,291
Feb 20251,2658,11670.884.34$124,893
Jan 20251,4988,94574.324.28$149,604
Dec 20241,4299,17468.993.12$127,222
Nov 20241,6228,56669.052.20$130,831
Oct 20241,2409,44771.372.28$110,051
Sep 20241,4929,12469.612.36$125,431
Aug 20241,5838,79375.632.06$137,868
Jul 20241,4778,75279.932.15$136,844
Jun 20241,6248,75978.082.63$149,873
May 20241,8099,74978.812.20$164,000
Apr 20241,85210,09884.451.66$173,156
Mar 20241,93310,24280.301.55$171,045
Feb 20241,74810,08676.091.78$150,995
Jan 20242,12610,72273.023.30$190,598
Dec 20232,25910,94471.262.61$189,548
Nov 20232,0439,74977.892.81$186,500
Oct 20231,81310,92985.443.09$188,644
Sep 20231,77111,62989.042.74$189,496
Aug 20232,42213,16180.522.67$230,197
Jul 20232,01410,57574.852.64$178,685
Jun 20232,27612,21968.962.26$184,549
May 20232,30812,71170.622.23$191,303
Apr 20232,02212,53978.122.24$186,018
Mar 20231,85413,58872.852.39$167,582
Feb 20231,3988,01075.112.47$124,754
Jan 20232,41213,10176.533.39$228,973
Dec 20222,44112,78476.415.73$259,757
Nov 20222,68513,17985.005.65$302,636
Oct 20222,69014,13887.185.86$317,416
Sep 20221,93013,45884.888.16$273,685
Aug 20222,17313,06794.529.13$324,657
Jul 20222,65014,745101.587.54$380,395
Jun 20222,67014,186115.097.98$420,455
May 20222,37413,310109.378.43$371,888
Apr 20222,43913,355104.226.84$345,509
Mar 20222,57812,784108.885.08$345,589
Feb 20222,56610,73391.054.86$285,784
Jan 20222,81913,54181.844.54$292,152
Dec 20216522,65671.323.90$56,857
Nov 20212,57112,82277.435.24$266,219
Oct 20212,68213,59879.795.71$291,694
Sep 20212,14013,69069.865.35$222,754
Aug 20212,73514,25766.024.22$240,738
Jul 20212,64315,74670.783.98$249,773
Jun 20213,08116,73569.493.38$270,673
May 20213,30617,50163.483.02$262,677
Apr 20213,03215,94160.362.76$226,983
Mar 20213,41716,87061.302.72$255,297
Feb 20212,88815,04257.805.55$250,379
Jan 20213,48318,76750.412.81$228,318
Dec 20203,07810,03844.642.68$164,258
Nov 20203,19429838.772.71$124,638
Oct 20203,30925636.972.48$122,968
Sep 20203,05922737.091.99$113,910
Aug 20203,11025739.982.39$124,951
Jul 20203,1153,21138.371.83$125,383
Jun 20203,2182,57234.901.69$116,656
May 20203,2973,62316.921.81$62,360
Apr 20203,5191,91414.751.80$55,359
Mar 20204,13834330.341.86$126,184
Feb 20202,43025449.881.98$121,711
Jan 20203,71375457.252.09$214,149
Dec 20191,88720,43559.012.30$158,441
Nov 20198722,14355.302.75$65,720
Oct 20192,27623,87653.472.42$179,443
Sep 20194,26123,54155.052.66$297,123
Aug 20194,02424,98553.112.30$271,289
Jul 20194,36426,77856.272.46$311,438
Jun 20193,79828,60852.782.49$271,727
May 20194,80332,25958.482.74$369,279
Apr 20194,67533,23862.632.75$384,223
Mar 20193,96824,29456.803.06$299,773
Feb 20194,35543,64150.852.79$343,307
Jan 20194,21432,90546.033.23$300,194
Dec 20184,84836,91146.594.19$380,357
Nov 20186,42437,25952.934.24$497,898
Oct 20187,66341,82961.443.40$612,953
Sep 20188,37745,06959.543.11$638,841
Aug 20189,67653,24859.403.07$738,043
Jul 201810,78260,17365.142.93$878,760
Jun 201813,45272,15360.183.08$1,031,550
May 201822,362114,71265.382.90$1,794,784
Apr 20182281,30263.842.90$18,332

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         2,010 bbl  × $106.41 =   $213,884
Gas                8,901 Mcf  × $  3.05 =    $27,111

────────────────────────────────────────────────────
Month total                                 $240,995

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/284459 is the state's own key, not one this site invented.