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IRON CITY STATE

Operated by RESOLUTE NATURAL RES. CO., LLC (P-5 703352) 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 284479District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$85.8 M
Jun 2017 – May 2026
Value, last 12 filed months
$5.3 M
at the published price for each month
Months reported
108
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 Gas112020-08-13220850
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
CondensateDisposition700,711 bbl$41,696,994
GasProduction13,323,270 Mcf$44,100,796
Total$85,797,790

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 31.6270, -103.9244. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.62698, -103.92439 · 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
10,169 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 10,169 ft.

Completions filed
Jun 2017
1 of 1 wells

1 well

42-38935590L 05H10,169 ftJun 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 (108)

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

108 months

May 20262,66168,075106.413.05$490,503
Apr 20262,60066,78598.932.87$448,872
Mar 20262,47760,98489.753.15$414,376
Feb 20262,58961,35763.503.75$394,510
Jan 20262,08661,01659.138.00$611,346
Dec 20252,75872,92256.664.41$478,099
Nov 20252,41069,92158.593.93$415,743
Oct 20252,25365,43959.383.30$350,049
Sep 20252,42773,29162.743.08$377,781
Aug 20252,47177,96663.933.01$393,020
Jul 20253,17084,12166.743.32$490,444
Jun 20252,65078,62766.483.13$422,174
May 20252,96387,63560.553.23$462,674
Apr 20251,92574,12062.363.54$382,659
Mar 20252,96890,11667.704.27$585,578
Feb 20252,68573,19770.884.34$508,049
Jan 20252,77172,53474.324.28$516,291
Dec 20242,95788,69768.993.12$480,860
Nov 20241,96472,77769.052.20$295,610
Oct 20243,00594,27271.372.28$429,539
Sep 20242,99293,36569.612.36$429,022
Aug 20243,17688,38775.632.06$422,599
Jul 20243,37292,40879.932.15$467,886
Jun 20243,19989,15678.082.63$484,613
May 20241,04944,21878.812.20$179,882
Apr 20241,27261,47084.451.66$209,411
Mar 20243,35186,83680.301.55$403,258
Feb 20243,00871,61076.091.78$356,605
Jan 20242,76370,95173.023.30$435,727
Dec 20233,63287,56671.262.61$487,427
Nov 20233,34883,45377.892.81$495,075
Oct 20233,56180,63585.443.09$553,195
Sep 20233,37783,22689.042.74$528,315
Aug 20233,06475,21980.522.67$447,765
Jul 20233,56386,99974.852.64$496,525
Jun 20233,32787,70168.962.26$427,501
May 20233,51382,96370.622.23$432,880
Apr 20233,58085,17878.122.24$470,278
Mar 20233,85596,21372.852.39$511,090
Feb 20233,64290,62175.112.47$496,993
Jan 20234,057100,55176.533.39$651,121
Dec 20224,21398,89376.415.73$888,481
Nov 20223,41291,98385.005.65$809,374
Oct 20223,883102,55887.185.86$939,895
Sep 20224,81397,17384.888.16$1,201,817
Aug 20224,148118,80994.529.13$1,476,458
Jul 20223,30681,677101.587.54$951,838
Jun 20223,581115,904115.097.98$1,336,727
May 20224,391130,577109.378.43$1,581,405
Apr 20224,000121,079104.226.84$1,244,770
Mar 20224,481123,096108.885.08$1,112,776
Feb 20224,172115,01291.054.86$938,686
Jan 20223,914110,10681.844.54$819,948
Dec 20214,002131,44771.323.90$797,950
Nov 20214,734136,57977.435.24$1,081,797
Oct 20214,881142,29579.795.71$1,202,510
Sep 20214,514123,49069.865.35$976,133
Aug 20214,878154,10966.024.22$972,476
Jul 20214,817167,24870.783.98$1,006,942
Jun 20215,619167,20369.493.38$955,714
May 20214,945187,46963.483.02$879,628
Apr 20215,828205,62260.362.76$918,970
Mar 20216,015220,02361.302.72$966,509
Feb 20213,77299,96057.805.55$772,595
Jan 20216,270247,29050.412.81$1,011,022
Dec 20206,671272,63344.642.68$1,027,212
Nov 20208,470251,22738.772.71$1,008,345
Oct 20208,544213,56336.972.48$845,173
Sep 20201,35611,88637.091.99$73,960
Aug 20204,00245,92939.982.39$269,545
Jul 20204,48883,16138.371.83$323,983
Jun 20204,47887,49234.901.69$304,171
May 20204,954154,78116.921.81$364,711
Apr 20204,33555,61914.751.80$164,299
Mar 20208,953217,77330.341.86$675,871
Feb 20209,140209,74949.881.98$871,347
Jan 202010,197222,68357.252.09$1,050,241
Dec 201910,925225,28759.012.30$1,163,827
Nov 201910,625226,47155.302.75$1,210,516
Oct 201912,226265,31253.472.42$1,295,392
Sep 201912,028267,70755.052.66$1,373,514
Aug 201912,508251,15353.112.30$1,243,047
Jul 201910,985192,42856.272.46$1,091,510
Jun 201911,723179,20252.782.49$1,065,168
May 201917,017346,90858.482.74$1,945,793
Apr 201917,549350,50462.632.75$2,063,225
Mar 201923,068400,22356.803.06$2,535,785
Feb 201924,760381,28150.852.79$2,323,666
Jan 201925,559397,62546.033.23$2,460,086
Dec 20186,10065,39846.594.19$557,918
Nov 20186,47151,27952.934.24$559,791
Oct 20187,03163,91661.443.40$649,176
Sep 20186,83454,34659.543.11$575,804
Aug 20186,94451,10459.403.07$569,187
Jul 20186,95182,23565.142.93$693,891
Jun 20187,52867,27260.183.08$660,026
May 20188,15159,26165.382.90$704,817
Apr 20188,46760,35063.842.90$715,597
Mar 20189,27564,22561.222.79$746,800
Feb 20189,17362,58061.782.77$739,812
Jan 201810,63770,70562.874.01$952,227
Dec 201710,60672,90457.272.92$820,396
Nov 201711,45776,24355.423.12$872,700
Oct 201713,70689,74349.292.98$943,333
Sep 201716,622111,44547.523.09$1,133,939
Aug 201722,333150,95245.373.00$1,466,768
Jul 201730,650182,69243.873.09$1,908,637
Jun 201710,13453,84342.493.09$596,822

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         2,661 bbl  × $106.41 =   $283,157
Gas               68,075 Mcf  × $  3.05 =   $207,346

────────────────────────────────────────────────────
Month total                                 $490,503

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/284479 is the state's own key, not one this site invented.