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MDJ MINERALS 58-T2-22

Operated by BPX OPERATING COMPANY (P-5 85408) 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 284548District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$31.1 M
Oct 2017 – May 2026
Value, last 12 filed months
$1.0 M
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 Gas112019-04-01223900
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
CondensateDisposition391,327 bbl$24,028,736
GasProduction2,186,706 Mcf$7,033,192
Total$31,061,928

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 31.8396, -104.0499. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.83956, -104.04990 · 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
9,473 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 9,473 ft.

Completions filed
May 2019
1 of 1 wells

1 well

42-10933101W104H9,473 ftMay 2019——

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 20266308,318106.413.05$92,374
Apr 20267807,50898.932.87$98,711
Mar 20267317,96789.753.15$90,699
Feb 20267777,05563.503.75$75,798
Jan 20266378,38159.138.00$104,696
Dec 20257737,17656.664.41$75,468
Nov 20257407,68258.593.93$73,520
Oct 20257508,54859.383.30$72,785
Sep 20258738,75762.743.08$81,717
Aug 20257019,72763.933.01$74,140
Jul 20257179,59366.743.32$79,655
Jun 20258858,59366.483.13$85,720
May 20251,0029,51660.553.23$91,430
Apr 20259819,23262.363.54$93,885
Mar 20251,2369,71467.704.27$125,140
Feb 20251,0169,72270.884.34$114,216
Jan 202592710,79374.324.28$115,074
Dec 20241,29711,36168.993.12$124,942
Nov 20241,17410,54769.052.20$104,252
Oct 20241,14510,74771.372.28$106,237
Sep 20241,0568,87569.612.36$94,492
Aug 20241,54713,19175.632.06$144,221
Jul 20241,9117,25379.932.15$168,315
Jun 202493416,69978.082.63$116,912
May 20241,45018,27078.812.20$154,440
Apr 20241,43316,10984.451.66$147,745
Mar 20241,31015,20380.301.55$128,684
Feb 20241,08115,79876.091.78$110,431
Jan 20241,44616,16073.023.30$158,877
Dec 20231,04217,49171.262.61$119,917
Nov 20231,31213,72277.892.81$140,717
Oct 20231,95417,59185.443.09$221,258
Sep 20232,12617,38089.042.74$236,834
Aug 20232,60218,69680.522.67$259,485
Jul 20232,25718,27474.852.64$217,213
Jun 20231,9752,11568.962.26$140,973
May 20232,33116,45870.622.23$201,274
Apr 20232,32718,35078.122.24$222,848
Mar 20232,64719,22572.852.39$238,842
Feb 20232,22015,33475.112.47$204,553
Jan 20232,64218,80176.533.39$265,885
Dec 20222771,55376.415.73$30,063
Nov 20221233485.005.65$10,647
Oct 20222,19019,57387.185.86$305,696
Sep 20222,24121,02084.888.16$361,817
Aug 20222,47418,76394.529.13$405,095
Jul 20222,14213,919101.587.54$322,563
Jun 20222,91614,867115.097.98$454,199
May 20222,7198,762109.378.43$371,267
Apr 20222,38219,231104.226.84$379,746
Mar 20221,4726,766108.885.08$194,618
Feb 20224,11118,23991.054.86$462,927
Jan 20223,07919,03681.844.54$338,365
Dec 20214,29623,15671.323.90$396,679
Nov 20213,83824,21277.435.24$423,971
Oct 20215,40125,16179.795.71$574,712
Sep 20214,88125,75369.865.35$478,789
Aug 20213,57022,50966.024.22$330,693
Jul 20212,60814,52670.783.98$242,438
Jun 20213,72219,96869.493.38$326,146
May 20215,39124,63963.483.02$416,573
Apr 20214,02423,35660.362.76$307,314
Mar 20213,45524,90761.302.72$279,462
Feb 20213,29221,01157.805.55$306,846
Jan 20215,60527,44650.412.81$359,679
Dec 20204,48026,82944.642.68$271,767
Nov 20206,10526,24638.772.71$307,727
Oct 20203,62225,41536.972.48$196,895
Sep 20204,75733,28337.091.99$242,705
Aug 20204,68133,45839.982.39$266,947
Jul 20205,72432,46738.371.83$278,886
Jun 20205,83543,58534.901.69$277,314
May 202031016.921.81$525
Apr 20209215,12314.751.80$22,829
Mar 20203,30529,02430.341.86$154,149
Feb 20205,58639,05449.881.98$355,983
Jan 20204,71728,56757.252.09$329,889
Dec 20196,60030,14659.012.30$458,933
Nov 20196,41935,43555.302.75$452,442
Oct 20197,00032,02053.472.42$451,732
Sep 20197,21434,43355.052.66$488,629
Aug 20199,06549,14053.112.30$594,678
Jul 201910,13542,10456.272.46$673,875
Jun 20198,21336,35352.782.49$524,045
May 20192,45420,49858.482.74$199,681
Apr 20195,13124,06762.632.75$387,556
Mar 20195,83122,60256.803.06$400,410
Feb 20193,52715,09750.852.79$221,502
Jan 20196,25715,76046.033.23$338,886
Dec 20186,63230,88746.594.19$438,261
Nov 20186,27221,21652.934.24$421,874
Oct 20187,32429,19861.443.40$549,204
Sep 20188,05733,97959.543.11$585,321
Aug 20188,36337,62659.403.07$612,145
Jul 20183,71221,52565.142.93$304,908
Jun 201810,86141,81460.183.08$782,273
May 201811,90953,16565.382.90$932,831
Apr 201810,67244,05263.842.90$809,087
Mar 201810,80146,88161.222.79$791,887
Feb 20187,07237,20661.782.77$539,824
Jan 20181,0818362.874.01$68,295
Dec 201713,86460,42357.272.92$970,518
Nov 201718,55278,09755.423.12$1,271,686
Oct 20176,96129,50949.292.98$431,153

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           630 bbl  × $106.41 =    $67,038
Gas                8,318 Mcf  × $  3.05 =    $25,335

────────────────────────────────────────────────────
Month total                                  $92,374

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/284548 is the state's own key, not one this site invented.