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BULLET 27-15

Operated by COG OPERATING LLC (P-5 166150) 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 286909District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$19.5 M
Oct 2018 – May 2026
Value, last 12 filed months
$925 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
CondensateDisposition251,027 bbl$15,383,889
GasProduction1,152,070 Mcf$4,077,791
Total$19,461,680

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 31.8457, -103.2631. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.84567, -103.26315 · 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
12,097 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 12,097 ft.

Completions filed
Oct 2018
1 of 1 wells

1 well

42-495340821H12,097 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 20268824,949106.413.05$108,927
Apr 20269485,62998.932.87$109,939
Mar 20261,5716,84289.753.15$162,546
Feb 20261,9167,95563.503.75$151,500
Jan 20261,3177,29659.138.00$136,227
Dec 20258639,24956.664.41$89,717
Nov 2025719958.593.93$4,549
Oct 2025015159.383.30$499
Sep 20259885,66362.743.08$79,412
Aug 20256606,79363.933.01$62,673
Jul 202501,29866.743.32$4,303
Jun 202521127366.483.13$14,881
May 20253524,53660.553.23$35,975
Apr 20251,0715,02562.363.54$84,592
Mar 20251,0757,68567.704.27$105,580
Feb 20251,1446,85170.884.34$110,826
Jan 20255465,59074.324.28$64,497
Dec 20245012,10868.993.12$41,144
Nov 20244222,81769.052.20$35,332
Oct 20245804,35971.372.28$51,339
Sep 20248516,48369.612.36$74,566
Aug 20249706,54775.632.06$86,872
Jul 20247765,94779.932.15$74,791
Jun 20247616,33578.082.63$76,105
May 20241,234078.812.20$97,252
Apr 20241,4458,14584.451.66$135,544
Mar 20241,4236,23280.301.55$123,896
Feb 20241,1295,75576.091.78$96,170
Jan 20241,4888,88173.023.30$137,940
Dec 20231,0337,73971.262.61$93,816
Nov 20231,1437,61777.892.81$110,413
Oct 20231,2295,20885.443.09$121,084
Sep 20232,2007,98789.042.74$217,733
Aug 20232,1229,39280.522.67$195,967
Jul 20232,0479,46474.852.64$178,220
Jun 20232,2849,36068.962.26$178,644
May 20232,23110,11170.622.23$180,074
Apr 20232,55210,65278.122.24$223,199
Mar 20232,60111,03172.852.39$215,882
Feb 20232,2689,96175.112.47$194,910
Jan 20232,27411,04876.533.39$211,457
Dec 20222,40812,03176.415.73$252,922
Nov 20222,55911,61785.005.65$283,107
Oct 20222,48513,19287.185.86$293,997
Sep 20222,52713,40184.888.16$323,893
Aug 20223,42413,41394.529.13$446,059
Jul 20222,05313,097101.587.54$307,322
Jun 20221,4847,715115.097.98$232,338
May 20222,50210,774109.378.43$364,501
Apr 20222,46411,242104.226.84$333,666
Mar 20222,65911,404108.885.08$347,403
Feb 20222,2949,94691.054.86$257,195
Jan 20222,68210,48081.844.54$267,050
Dec 20212,83510,76371.323.90$244,158
Nov 20212,0179,98077.435.24$208,440
Oct 20212,50810,87279.795.71$262,235
Sep 20212,59712,59869.865.35$248,837
Aug 20212,27912,73466.024.22$204,205
Jul 20211,7169,26870.783.98$158,364
Jun 20212,01433,26269.493.38$252,399
May 20211,93039,12263.483.02$240,574
Apr 20212,53011,87160.362.76$185,456
Mar 20212,58312,85661.302.72$193,267
Feb 20211,39811,37457.805.55$143,907
Jan 20213,08212,39650.412.81$190,200
Dec 20203,32512,84744.642.68$182,800
Nov 20203,62713,46438.772.71$177,060
Oct 20203,54814,42336.972.48$166,916
Sep 20203,68213,46737.091.99$163,379
Aug 20202,9659,10839.982.39$140,264
Jul 20203,11412,26738.371.83$141,873
Jun 20203,41813,39634.901.69$141,932
May 20203,81011,98616.921.81$86,217
Apr 20203,6099,72514.751.80$70,780
Mar 20205,27114,30130.341.86$186,468
Feb 20204,70011,23449.881.98$256,687
Jan 20204,26914,11457.252.09$273,965
Dec 20195,10714,43359.012.30$334,623
Nov 20194,62213,72955.302.75$293,361
Oct 20195,81315,93453.472.42$349,358
Sep 20196,67518,18855.052.66$415,789
Aug 20194,90512,88653.112.30$290,199
Jul 20194,28414,50556.272.46$276,744
Jun 20197,69614,13552.782.49$441,408
May 20194,55922,68858.482.74$328,783
Apr 20195,15924,47662.632.75$390,434
Mar 20195,67225,90156.803.06$401,481
Feb 20195,36526,88850.852.79$347,887
Jan 20197,09540,17746.033.23$456,281
Dec 20189,66943,04746.594.19$630,649
Nov 201812,51065,72552.934.24$940,647
Oct 201810,34964,55561.443.40$855,206

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           882 bbl  × $106.41 =    $93,854
Gas                4,949 Mcf  × $  3.05 =    $15,074

────────────────────────────────────────────────────
Month total                                 $108,927

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/286909 is the state's own key, not one this site invented.