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STATE LRP 57-T2-12

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 285099District 08Field 71052900Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$31.9 M
Mar 2018 – May 2026
Value, last 12 filed months
$1.7 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
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
CondensateDisposition421,989 bbl$26,212,674
GasProduction1,652,855 Mcf$5,642,447
Total$31,855,121

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 31.8548, -103.9130. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.85478, -103.91305 · 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
10,133 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 10,133 ft.

Completions filed
Mar 2018
1 of 1 wells

1 well

42-38936140W103H10,133 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 20261,63311,112106.413.05$207,613
Apr 20261,46910,68098.932.87$175,977
Mar 20261,5318,87689.753.15$165,362
Feb 20261,1767,82863.503.75$104,034
Jan 20261,3838,84959.138.00$152,550
Dec 20251,5018,53756.664.41$122,724
Nov 20251,3768,41758.593.93$113,669
Oct 20251,5948,96859.383.30$124,290
Sep 20251,5392,31362.743.08$103,674
Aug 20252,3862,86063.933.01$161,159
Jul 20251,37611,56266.743.32$130,165
Jun 20251,4016,82166.483.13$114,479
May 20256,19126,72860.553.23$461,259
Apr 20251,4419,98562.363.54$125,239
Mar 20251,6019,78767.704.27$150,162
Feb 20251,3367,12270.884.34$125,611
Jan 20251,0736,94774.324.28$109,469
Dec 20241,4538,72568.993.12$127,476
Nov 20241,40610,61369.052.20$120,416
Oct 20241,86910,53971.372.28$157,434
Sep 20241,8638,46169.612.36$149,688
Aug 20241,5537,16275.632.06$132,233
Jul 20242,23511,17279.932.15$202,625
Jun 20242,2139,83278.082.63$198,688
May 20242,4299,01678.812.20$211,251
Apr 20242,2837,92284.451.66$205,944
Mar 20242,5038,05180.301.55$213,431
Feb 20242,3655,55176.091.78$189,854
Jan 20242,7314,60773.023.30$214,610
Dec 20232,1865,66071.262.61$170,551
Nov 20232,2194,67277.892.81$185,955
Oct 20232,2377,00585.443.09$212,756
Sep 20232,0216,07289.042.74$196,557
Aug 20238031,88180.522.67$69,685
Jul 20231,6325,48574.852.64$136,645
Jun 20231,9348,59768.962.26$152,785
May 20232,0349,67370.622.23$165,187
Apr 20231,5406,79778.122.24$135,515
Mar 20232,09113,85672.852.39$185,489
Feb 20232,35614,76775.112.47$213,370
Jan 20231,74413,82276.533.39$180,293
Dec 20222,09515,99676.415.73$251,721
Nov 20222,50215,40485.005.65$299,644
Oct 20221,89714,87287.185.86$252,586
Sep 20222,32116,18284.888.16$329,111
Aug 20222,24216,99894.529.13$367,057
Jul 20222,76119,266101.587.54$425,768
Jun 20222,20417,058115.097.98$389,733
May 20222,97920,723109.378.43$500,571
Apr 20223,32617,112104.226.84$463,641
Mar 20223,38315,018108.885.08$444,578
Feb 20223,49110,13391.054.86$367,090
Jan 20223,45217,85581.844.54$363,532
Dec 20211,6008,22571.323.90$146,182
Nov 20211,51212,56577.435.24$182,875
Oct 20213,11515,91779.795.71$339,494
Sep 20214,49716,11169.865.35$400,369
Aug 20214,52315,58166.024.22$364,369
Jul 20215,44018,32070.783.98$457,995
Jun 20213,37910,88769.493.38$271,612
May 20215,10618,50163.483.02$379,959
Apr 20214,14017,88160.362.76$299,214
Mar 20213,29412,50161.302.72$235,887
Feb 20213,31110,85557.805.55$251,599
Jan 20215,34611,17050.412.81$300,883
Dec 20206,04517,94244.642.68$317,852
Nov 20203,54713,68138.772.71$174,546
Oct 20204,10820,02036.972.48$201,491
Sep 20203,10519,23237.091.99$153,456
Aug 202011,11624,36539.982.39$502,531
Jul 20205,56723,11638.371.83$255,795
Jun 20208025,03234.901.69$36,495
May 20202,56412,39916.921.81$65,884
Apr 20202,2829,23214.751.80$50,318
Mar 20203,63320,51630.341.86$148,308
Feb 20206,60816,90749.881.98$363,094
Jan 20206,33627,39057.252.09$420,111
Dec 20195,10232,30359.012.30$375,507
Nov 20198,58729,43055.302.75$555,814
Oct 20198,71024,50253.472.42$524,983
Sep 20199,02829,36955.052.66$575,033
Aug 20196,22825,66253.112.30$389,904
Jul 201911,44536,80956.272.46$734,563
Jun 20199,01032,23652.782.49$555,854
May 20194,12112,12158.482.74$274,212
Apr 20198,34727,92562.632.75$599,586
Mar 20197,53024,62756.803.06$503,114
Feb 20197,97925,27250.852.79$476,297
Jan 201912,16941,38346.033.23$693,731
Dec 20186,79525,83646.594.19$424,714
Nov 20184,53918,09052.934.24$316,901
Oct 20187,26924,24461.443.40$528,990
Sep 201812,73448,27659.543.11$908,224
Aug 20181,7705,68759.403.07$122,578
Jul 20185,28116,62365.142.93$392,741
Jun 201810,39760,31760.183.08$811,282
May 201819,97375,41965.382.90$1,524,610
Apr 201817,41561,61363.842.90$1,290,501
Mar 201826,22442,81861.222.79$1,724,760

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         1,633 bbl  × $106.41 =   $173,768
Gas               11,112 Mcf  × $  3.05 =    $33,845

────────────────────────────────────────────────────
Month total                                 $207,613

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/285099 is the state's own key, not one this site invented.