MineralRecord
Log inSign up

STATE CORTEZ UNIT

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 284836District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$56.1 M
Mar 2018 – May 2026
Value, last 12 filed months
$4.4 M
at the published price for each month
Months reported
99
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 Gas112019-07-18223586
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
CondensateDisposition731,646 bbl$45,028,497
GasProduction3,318,158 Mcf$11,041,209
Total$56,069,707

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 31.6220, -103.8031. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.62202, -103.80314 · 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
10,543 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 10,543 ft.

Completions filed
Mar 2018
1 of 1 wells

1 well

42-389366142H10,543 ftMar 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 (99)

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

99 months

May 20262,71011,523106.413.05$323,468
Apr 20263,64818,27798.932.87$413,347
Mar 20264,53618,32789.753.15$464,826
Feb 20263,79116,40263.503.75$302,241
Jan 20264,92218,55259.138.00$439,415
Dec 20253,46626,10756.664.41$311,603
Nov 20254,05524,32758.593.93$333,101
Oct 20253,97727,67059.383.30$327,599
Sep 20254,12416,88662.743.08$310,697
Aug 20254,74224,73763.933.01$377,732
Jul 20254,68527,34966.743.32$403,344
Jun 20253,79229,60766.483.13$344,724
May 20257,09639,89760.553.23$558,623
Apr 202510,15159,41762.363.54$843,538
Mar 20256,74744,96767.704.27$648,705
Feb 20251,93721,20970.884.34$229,359
Jan 20251,7426,03174.324.28$155,270
Dec 20244,24621,47868.993.12$359,972
Nov 20243,21219,86269.052.20$265,454
Oct 20242,99323,79871.372.28$267,903
Sep 20242,06414,44669.612.36$177,831
Aug 20242,76319,86075.632.06$249,949
Jul 20241,48517,06179.932.15$155,319
Jun 20241,35111,61678.082.63$136,082
May 20242,73119,04878.812.20$257,106
Apr 20242,54318,10784.451.66$244,799
Mar 20242,74320,35780.301.55$251,717
Feb 20242,61917,22876.091.78$230,008
Jan 20242,96218,12573.023.30$276,055
Dec 20233,76518,72071.262.61$317,167
Nov 20233,17620,97177.892.81$306,256
Oct 20232,95419,81585.443.09$313,564
Sep 20232,83719,92889.042.74$307,110
Aug 20233,15920,59280.522.67$309,403
Jul 20233,31421,58274.852.64$305,068
Jun 20233,29421,00068.962.26$274,582
May 20233,57823,22470.622.23$304,408
Apr 20233,29322,50478.122.24$307,608
Mar 20233,86029,62772.852.39$352,103
Feb 20233,36224,55575.112.47$313,065
Jan 20233,61121,39276.533.39$348,820
Dec 20223,64927,40876.415.73$435,843
Nov 20222,75420,79285.005.65$351,486
Oct 20222,71317,72987.185.86$340,478
Sep 20223,67425,42784.888.16$519,427
Aug 20224,03727,64694.529.13$633,907
Jul 20224,14826,857101.587.54$623,911
Jun 20224,09125,960115.097.98$677,921
May 20224,06425,692109.378.43$661,141
Apr 20224,07124,750104.226.84$593,510
Mar 20224,35027,392108.885.08$612,681
Feb 20224,00524,12291.054.86$481,860
Jan 20224,69226,10081.844.54$502,427
Dec 20214,94728,01071.323.90$462,034
Nov 20214,97227,92777.435.24$531,231
Oct 20215,08528,93279.795.71$571,046
Sep 20215,01027,65269.865.35$497,962
Aug 20215,32327,68566.024.22$468,271
Jul 20214,05627,42270.783.98$396,280
Jun 20214,07522,57969.493.38$359,503
May 20215,58130,19163.483.02$445,388
Apr 20216,27531,39560.362.76$465,360
Mar 20216,55933,22761.302.72$492,342
Feb 20214,90726,83657.805.55$432,509
Jan 20216,95531,72250.412.81$439,749
Dec 20206,57731,94844.642.68$379,073
Nov 20206,95932,79238.772.71$358,554
Oct 20207,79036,49236.972.48$378,439
Sep 20208,07036,23437.091.99$371,460
Aug 20208,33040,54539.982.39$429,737
Jul 20208,82840,87338.371.83$413,328
Jun 20208,09637,78434.901.69$346,417
May 20209,03436,13416.921.81$218,429
Apr 20209,36637,87514.751.80$206,489
Mar 202010,17937,58430.341.86$378,595
Feb 20209,93837,80449.881.98$570,585
Jan 202011,49645,58057.252.09$753,624
Dec 201912,57046,75159.012.30$849,487
Nov 201912,41244,53855.302.75$808,894
Oct 201913,34947,41153.472.42$828,436
Sep 201912,82541,94555.052.66$817,476
Aug 201913,86452,10353.112.30$856,381
Jul 20191,7796,26856.272.46$115,524
Jun 20194,51616,17452.782.49$278,647
May 201910,02534,22458.482.74$680,047
Apr 20198,09425,92162.632.75$578,228
Mar 20197,36321,97556.803.06$485,508
Feb 20199512,43150.852.79$55,146
Jan 20193,23311,78946.033.23$186,872
Dec 201816,04460,56146.594.19$1,000,964
Nov 201817,17761,50552.934.24$1,169,790
Oct 201815,87961,15461.443.40$1,183,412
Sep 201818,39368,54259.543.11$1,308,148
Aug 201820,53577,08159.403.07$1,456,153
Jul 201824,54588,34565.142.93$1,857,878
Jun 201828,661102,92160.183.08$2,041,499
May 201840,894141,41665.382.90$3,083,869
Apr 201844,123153,81463.842.90$3,262,996
Mar 201841,722140,01061.222.79$2,944,406

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         2,710 bbl  × $106.41 =   $288,371
Gas               11,523 Mcf  × $  3.05 =    $35,097

────────────────────────────────────────────────────
Month total                                 $323,468

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/284836 is the state's own key, not one this site invented.