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BUFFALO TRACE STATE 22-21 UNIT

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 286870District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$17.2 M
Oct 2018 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
92
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.”

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
CondensateDisposition148,865 bbl$9,383,383
GasProduction2,321,529 Mcf$7,824,208
Total$17,207,592

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 31.4543, -103.6777. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45428, -103.67767 · 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
9,992 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 9,992 ft.

Completions filed
Oct 2018
1 of 1 wells

1 well

42-389373501H9,992 ftOct 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 (92)

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

92 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 2025150063.933.01$9,590
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20241069.612.36$70
Aug 2024062975.632.06$1,298
Jul 202493813,95979.932.15$104,939
Jun 20241,27218,03978.082.63$146,832
May 20241,56219,02778.812.20$164,931
Apr 20242565,51984.451.66$30,776
Mar 202489017,35580.301.55$98,283
Feb 202488416,57776.091.78$96,831
Jan 20241,09317,47173.023.30$137,424
Dec 202392119,18671.262.61$115,720
Nov 202384918,52877.892.81$118,147
Oct 202396819,18985.443.09$141,948
Sep 202399318,78889.042.74$139,803
Aug 202385719,10580.522.67$120,071
Jul 202395719,23174.852.64$122,436
Jun 202391318,89668.962.26$105,637
May 202398919,58770.622.23$113,471
Apr 202393817,31078.122.24$112,012
Mar 20231,01717,91872.852.39$116,969
Feb 202393016,28075.112.47$109,994
Jan 20231,05017,65176.533.39$140,153
Dec 20221,02917,21976.415.73$177,275
Nov 20221,10717,44185.005.65$192,570
Oct 202273117,82387.185.86$168,238
Sep 20221,02717,27284.888.16$228,175
Aug 20221,07718,42994.529.13$270,002
Jul 20221,07518,767101.587.54$250,741
Jun 20221,16821,940115.097.98$309,445
May 20221,28723,214109.378.43$336,524
Apr 20221,36522,946104.226.84$299,156
Mar 20221,60325,989108.885.08$306,465
Feb 20221,35523,66091.054.86$238,333
Jan 20221,52525,29381.844.54$239,578
Dec 20211,68327,13371.323.90$225,826
Nov 20211,62226,59177.435.24$264,845
Oct 20211,62528,15079.795.71$290,504
Sep 20211,52327,08769.865.35$251,337
Aug 20211,78930,44966.024.22$246,623
Jul 20211,73030,99670.783.98$245,878
Jun 20211,87931,01669.493.38$235,425
May 20212,12232,55963.483.02$232,957
Apr 20211,99430,79460.362.76$205,301
Mar 20212,01330,44761.302.72$206,120
Feb 20211,58022,28457.805.55$214,955
Jan 20212,10328,44850.412.81$185,959
Dec 20202,37827,50544.642.68$179,742
Nov 202088212,73438.772.71$68,661
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020010,24516.921.81$18,592
Apr 20200014.751.80$0
Mar 20207470230.341.86$3,548
Feb 20202,12745,56449.881.98$196,342
Jan 20204,66790,36957.252.09$456,485
Dec 20194,699103,74159.012.30$516,345
Nov 20195,982115,52955.302.75$648,590
Oct 20195,341107,79553.472.42$546,290
Sep 20196,50189,20855.052.66$594,931
Aug 20197,16597,43453.112.30$605,056
Jul 20198,658109,48656.272.46$756,528
Jun 20193,50945,14952.782.49$297,680
May 20193,43637,85158.482.74$304,661
Apr 20195,11067,46062.632.75$505,602
Mar 20191,55813,96256.803.06$131,247
Feb 20192,49238,86850.852.79$235,246
Jan 20194,96464,52746.033.23$436,798
Dec 20181,33623,08646.594.19$158,869
Nov 201815,870197,52252.934.24$1,676,947
Oct 20187,67696,60061.443.40$799,868

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.

Aug 2025 — as filed, then multipliedworked
Condensate           150 bbl  × $ 63.93 =     $9,590
Gas                    0 Mcf  × $  3.01 =         $0

────────────────────────────────────────────────────
Month total                                   $9,590

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/286870 is the state's own key, not one this site invented.