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BIG FUNDAMENTAL 4-52

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) 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 286748District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$28.9 M
Feb 2017 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
112
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 Gas112020-06-16223594
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
CondensateDisposition415,574 bbl$23,348,607
GasProduction1,665,560 Mcf$5,534,913
Total$28,883,520

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 31.4526, -103.5698. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45258, -103.56977 · 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
10,379 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 10,379 ft.

Completions filed
Feb 2017
1 of 1 wells

1 well

42-389354661H10,379 ftFeb 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 (112)

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

112 months

May 20269316,864106.413.05$119,974
Apr 20268346,82698.932.87$102,096
Mar 20269737,06089.753.15$109,562
Feb 20268576,37263.503.75$78,317
Jan 20268747,38959.138.00$110,776
Dec 20251,0207,05056.664.41$88,907
Nov 20258906,96858.593.93$79,505
Oct 20258407,07259.383.30$73,251
Sep 20251,2677,07462.743.08$101,258
Aug 20257627,30863.933.01$70,747
Jul 20251,0447,64166.743.32$95,008
Jun 20251,0567,50766.483.13$93,690
May 20251,0288,05760.553.23$88,288
Apr 20251,0167,91562.363.54$91,402
Mar 20251,1127,11767.704.27$105,660
Feb 20251,0706,86170.884.34$105,624
Jan 20251,1718,11274.324.28$121,737
Dec 20241,2387,92168.993.12$110,134
Nov 20241,3617,44569.052.20$110,344
Oct 20241,1108,04171.372.28$97,565
Sep 20241,2177,77569.612.36$103,098
Aug 20241,2167,89675.632.06$108,261
Jul 20241,2487,52979.932.15$115,914
Jun 20241,1188,05178.082.63$108,500
May 20241,2898,41778.812.20$120,090
Apr 20241,1377,87784.451.66$109,089
Mar 20241,2877,70880.301.55$115,256
Feb 20241,2867,22476.091.78$110,737
Jan 20241,2916,76673.023.30$116,581
Dec 20231,1777,53371.262.61$103,540
Nov 20231,2397,44377.892.81$117,402
Oct 20231,2427,60185.443.09$129,583
Sep 20231,2906,92589.042.74$133,802
Aug 20231,3217,70880.522.67$126,969
Jul 20231,3638,01974.852.64$123,205
Jun 20231,3828,72268.962.26$115,001
May 20231,740070.622.23$122,879
Apr 20231,4146,91478.122.24$125,934
Mar 20231,4297,79572.852.39$122,757
Feb 20231,5267,34675.112.47$132,731
Jan 20231,55415,16876.533.39$170,313
Dec 20221,5009,19276.415.73$167,277
Nov 20221,6379,19285.005.65$191,045
Oct 20221,6398,98487.185.86$195,568
Sep 20221,4959,20784.888.16$202,059
Aug 20221,5639,82194.529.13$237,373
Jul 20221,72810,307101.587.54$253,266
Jun 20221,8139,883115.097.98$287,497
May 20221,7819,875109.378.43$278,064
Apr 20221,92410,056104.226.84$269,278
Mar 20221,89011,070108.885.08$261,979
Feb 20221,91010,67891.054.86$225,788
Jan 20221,91011,87081.844.54$210,177
Dec 20211,91012,29871.323.90$184,173
Nov 20211,95912,88577.435.24$219,162
Oct 20212,35314,05979.795.71$268,077
Sep 20212,22713,03769.865.35$225,338
Aug 20211,96913,92866.024.22$188,778
Jul 20212,39714,12670.783.98$225,911
Jun 20212,14512,71469.493.38$192,037
May 20212,56514,07263.483.02$205,291
Apr 20212,47512,60160.362.76$184,150
Mar 20212,50810,54361.302.72$182,385
Feb 20211,9598,61357.805.55$161,015
Jan 20212,57310,36250.412.81$158,825
Dec 20202,57112,54044.642.68$148,320
Nov 20202,55811,94038.772.71$131,490
Oct 20202,73312,14836.972.48$131,147
Sep 20202,76813,30437.091.99$129,154
Aug 20202,95313,22739.982.39$149,609
Jul 20204,37013,54838.371.83$192,404
Jun 20204,48012,83834.901.69$178,052
May 20203,64612,02116.921.81$83,505
Apr 20204,18912,14414.751.80$83,700
Mar 20203,28613,16830.341.86$124,140
Feb 20202,72610,88849.881.98$157,538
Jan 20203,49913,16457.252.09$227,893
Dec 20194,03412,91859.012.30$267,814
Nov 20193,87113,10455.302.75$250,111
Oct 20194,65911,14753.472.42$276,076
Sep 20193,77211,29255.052.66$237,655
Aug 20192,8259,52853.112.30$171,992
Jul 20193,47610,84056.272.46$222,262
Jun 20193,0469,81452.782.49$185,217
May 20193,30711,29558.482.74$224,345
Apr 20191,7394,56362.632.75$121,465
Mar 20192701,36056.803.06$19,500
Feb 20193,89816,60150.852.79$244,567
Jan 20195,18621,37846.033.23$307,724
Dec 20185,28222,72646.594.19$341,207
Nov 20185,82422,86152.934.24$405,132
Oct 20185,94224,77361.443.40$449,257
Sep 20185,79723,42059.543.11$417,943
Aug 20185,92526,60159.403.07$433,519
Jul 20186,47628,60565.142.93$505,713
Jun 20187,10730,30560.183.08$520,945
May 20188,07731,60465.382.90$619,751
Apr 20188,29831,15963.842.90$620,130
Mar 20185,95121,23861.222.79$423,507
Feb 20186,79520,71261.782.77$477,087
Jan 20188,08924,24762.874.01$605,769
Dec 20178,85527,50257.272.92$587,473
Nov 20178,94527,79255.423.12$582,397
Oct 20179,85329,54049.292.98$573,792
Sep 201710,58331,91447.523.09$601,432
Aug 201712,14939,09545.373.00$668,657
Jul 201714,42643,32943.873.09$766,637
Jun 20179,91131,37742.493.09$517,988
May 201719,86959,90345.373.26$1,096,944
Apr 201724,54479,90947.933.21$1,433,030
Mar 201735,816106,12146.772.98$1,991,745
Feb 20175,14819,66750.452.95$317,785

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           931 bbl  × $106.41 =    $99,068
Gas                6,864 Mcf  × $  3.05 =    $20,907

────────────────────────────────────────────────────
Month total                                 $119,974

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/286748 is the state's own key, not one this site invented.