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STATE HEDBLOM 56-T3-24

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 286547District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$52.7 M
Jul 2018 – May 2026
Value, last 12 filed months
$4.4 M
at the published price for each month
Months reported
95
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 Gas112019-07-23223744
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
CondensateDisposition645,518 bbl$41,389,314
GasProduction3,399,437 Mcf$11,305,677
Total$52,694,991

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 31.6802, -103.8928. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.68018, -103.89283 · 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
10,360 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 10,360 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-38936738W108H10,360 ftNov 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 (95)

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

95 months

May 20263,50929,195106.413.05$462,316
Apr 20263,49925,16098.932.87$418,358
Mar 20263,58725,88689.753.15$403,460
Feb 20263,40522,45963.503.75$300,446
Jan 20263,90623,49559.138.00$418,873
Dec 20254,09825,30456.664.41$343,868
Nov 20253,72624,30558.593.93$313,738
Oct 20253,98325,68359.383.30$321,389
Sep 20253,95823,88662.743.08$321,820
Aug 20254,21626,53663.933.01$349,529
Jul 20254,28226,14066.743.32$372,440
Jun 20254,15225,05466.483.13$354,412
May 20254,45826,71360.553.23$356,277
Apr 20253,94422,76962.363.54$326,621
Mar 20253,46220,35067.704.27$321,238
Feb 20253,82718,91470.884.34$353,360
Jan 20254,66426,04674.324.28$458,071
Dec 20244,19828,42168.993.12$378,332
Nov 20243,85127,04169.052.20$325,360
Oct 20244,19929,12271.372.28$366,122
Sep 20244,12728,61769.612.36$354,941
Aug 20244,32030,64775.632.06$389,966
Jul 20244,68336,85679.932.15$453,427
Jun 20244,60829,94878.082.63$438,675
May 20244,93531,12178.812.20$457,345
Apr 20245,01631,14884.451.66$475,282
Mar 20245,09632,15480.301.55$458,891
Feb 20244,87930,87076.091.78$426,304
Jan 20245,25134,11273.023.30$495,918
Dec 20235,42834,57071.262.61$477,052
Nov 20235,33531,60677.892.81$504,279
Oct 20236,02228,51685.443.09$602,557
Sep 20235,58734,94089.042.74$593,029
Aug 20236,46340,40080.522.67$628,385
Jul 20236,40840,24074.852.64$585,945
Jun 20234,05311,41668.962.26$305,278
May 20236,16838,42970.622.23$521,181
Apr 20236,78243,08278.122.24$626,217
Mar 20238,04344,35272.852.39$692,074
Feb 20233,73032,74775.112.47$360,904
Jan 20235,51837,68776.533.39$549,966
Dec 20227,81934,75876.415.73$796,581
Nov 20224,75823,95685.005.65$539,690
Oct 20228,41750,49287.185.86$1,029,867
Sep 20225,78433,05684.888.16$760,805
Aug 20225,88435,25894.529.13$877,961
Jul 20226,40839,932101.587.54$952,095
Jun 20227,10042,031115.097.98$1,152,429
May 20224,72923,101109.378.43$712,022
Apr 20229225,122104.226.84$131,113
Mar 20225,98038,271108.885.08$845,381
Feb 20228,05630,76291.054.86$882,966
Jan 20223,87116,91781.844.54$393,567
Dec 20212,03523,21571.323.90$235,654
Nov 20218,01424,51577.435.24$748,905
Oct 202111,53839,71679.795.71$1,147,549
Sep 202104969.865.35$262
Aug 20211,8578,99166.024.22$160,546
Jul 202102170.783.98$84
Jun 20212,70612,23669.493.38$229,405
May 20218,60440,79863.483.02$669,297
Apr 20218,98843,93260.362.76$663,699
Mar 20219,36444,39561.302.72$694,632
Feb 20218,51637,26157.805.55$698,947
Jan 20215657,29450.412.81$48,980
Dec 20208,15750,06844.642.68$498,083
Nov 20207,99538,04038.772.71$412,924
Oct 202010,47248,65236.972.48$507,730
Sep 202011,60055,01937.091.99$539,789
Aug 202011,88854,58239.982.39$605,466
Jul 202011,14551,53138.371.83$521,684
Jun 20200134.901.69$2
May 20200016.921.81$0
Apr 20204,87424,79114.751.80$116,624
Mar 202012,60761,05930.341.86$495,836
Feb 202011,47452,57549.881.98$676,457
Jan 202015,20870,28157.252.09$1,017,878
Dec 201913,72961,97759.012.30$952,966
Nov 20195,35724,89455.302.75$364,718
Oct 20191,1305,36053.472.42$73,384
Sep 20196,82333,33855.052.66$464,195
Aug 201914,50066,77553.112.30$923,969
Jul 201910,14847,65256.272.46$688,255
Jun 201914,79771,09252.782.49$958,090
May 201916,75279,35458.482.74$1,197,112
Apr 201913,75884,27162.632.75$1,093,468
Mar 20197,45954,11056.803.06$589,361
Feb 20199,67337,57450.852.79$596,787
Jan 201912,62856,60046.033.23$763,982
Dec 201814,06463,76046.594.19$922,105
Nov 201811,75456,10452.934.24$859,865
Oct 20189,40060,35461.443.40$782,624
Sep 201813,25057,22559.543.11$966,760
Aug 201826,918110,76459.403.07$1,938,594
Jul 201814,66759,61865.142.93$1,130,201

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         3,509 bbl  × $106.41 =   $373,393
Gas               29,195 Mcf  × $  3.05 =    $88,923

────────────────────────────────────────────────────
Month total                                 $462,316

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/286547 is the state's own key, not one this site invented.