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STRONG FUNDAMENTAL A

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 287083District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$40.4 M
Mar 2019 – May 2026
Value, last 12 filed months
$2.5 M
at the published price for each month
Months reported
87
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
CondensateDisposition473,104 bbl$28,960,053
GasProduction3,520,984 Mcf$11,457,111
Total$40,417,164

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 31.4444, -103.5760. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.44438, -103.57597 · 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
10,255 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 10,255 ft.

Completions filed
Jul 2019
1 of 1 wells

1 well

42-38937678T 45H10,255 ftJul 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 (87)

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

87 months

May 20261,69921,227106.413.05$245,445
Apr 20262,02720,75298.932.87$260,084
Mar 20261,71221,52989.753.15$221,456
Feb 20261,87318,91163.503.75$189,858
Jan 20261,60617,76259.138.00$237,022
Dec 20251,77621,14556.664.41$193,949
Nov 20252,15120,89458.593.93$208,066
Oct 20251,95521,68559.383.30$187,753
Sep 20252,03221,40062.743.08$193,334
Aug 20251,98222,14763.933.01$193,477
Jul 20252,10922,23066.743.32$214,452
Jun 20251,88322,35466.483.13$195,121
May 20252,12323,96860.553.23$206,020
Apr 20252,31923,98962.363.54$229,609
Mar 20252,30324,80467.704.27$261,785
Feb 20251,77520,52670.884.34$214,912
Jan 20252,36323,04774.324.28$274,229
Dec 20242,04323,61268.993.12$214,648
Nov 20242,25823,17469.052.20$206,862
Oct 20242,35224,53771.372.28$223,841
Sep 20242,28823,72669.612.36$215,364
Aug 20242,42224,94975.632.06$234,661
Jul 20242,50825,62979.932.15$255,479
Jun 20242,33826,12978.082.63$251,374
May 20242,57026,76878.812.20$261,390
Apr 20242,55925,76384.451.66$258,854
Mar 20242,64526,14480.301.55$252,789
Feb 20242,62024,62976.091.78$243,285
Jan 20242,77325,20373.023.30$285,595
Dec 20232,67625,96171.262.61$258,469
Nov 20232,75327,06377.892.81$290,412
Oct 20232,76127,38885.443.09$320,454
Sep 20232,86626,98989.042.74$329,005
Aug 20232,84028,32680.522.67$304,389
Jul 20233,48428,09874.852.64$335,007
Jun 20232,46228,95768.962.26$235,178
May 20233,39229,58370.622.23$305,436
Apr 20232,68728,22978.122.24$273,078
Mar 20233,35929,13272.852.39$314,421
Feb 20232,83126,37075.112.47$277,656
Jan 20233,49357,37976.533.39$461,703
Dec 20222,99227,80576.415.73$387,916
Nov 20223,03329,49985.005.65$424,362
Oct 20223,34230,63587.185.86$470,992
Sep 20223,21230,00884.888.16$517,610
Aug 20223,92131,32394.529.13$656,503
Jul 20223,51031,250101.587.54$592,236
Jun 20223,47827,513115.097.98$619,760
May 20223,62330,090109.378.43$649,998
Apr 20224,98236,184104.226.84$766,636
Mar 20222,17623,626108.885.08$356,858
Feb 20223,80136,08691.054.86$521,417
Jan 20224,25739,78381.844.54$528,915
Dec 20214,44942,24271.323.90$482,009
Nov 20214,50141,75477.435.24$567,172
Oct 20214,68843,50779.795.71$622,649
Sep 20214,79244,38069.865.35$572,243
Aug 20214,87144,25066.024.22$508,345
Jul 20215,11444,99070.783.98$541,123
Jun 20214,91344,59769.493.38$492,170
May 20215,45845,93363.483.02$485,084
Apr 20215,19944,74660.362.76$437,240
Mar 20216,61244,84861.302.72$527,165
Feb 20214,27136,26957.805.55$448,082
Jan 20216,32747,40150.412.81$452,154
Dec 20206,67448,86644.642.68$428,666
Nov 20206,10447,04038.772.71$363,969
Oct 20206,77350,11936.972.48$374,614
Sep 20206,59650,83737.091.99$345,864
Aug 20207,33054,66739.982.39$423,440
Jul 20207,69457,87238.371.83$400,842
Jun 20207,78155,10134.901.69$364,695
May 20207,23049,23516.921.81$211,681
Apr 20208,08056,77914.751.80$221,631
Mar 20209,02860,84830.341.86$386,857
Feb 20208,87356,11849.881.98$553,736
Jan 20209,85765,55657.252.09$701,636
Dec 201910,66663,66959.012.30$776,117
Nov 201911,51269,42755.302.75$827,586
Oct 201912,29073,30953.472.42$834,447
Sep 201913,28572,93055.052.66$925,135
Aug 201914,40878,83653.112.30$946,875
Jul 201912,17865,82856.272.46$847,197
Jun 201918,09797,79752.782.49$1,198,792
May 201924,517127,35558.482.74$1,782,748
Apr 201931,827158,99662.632.75$2,430,675
Mar 201930,114128,97256.803.06$2,105,400

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         1,699 bbl  × $106.41 =   $180,791
Gas               21,227 Mcf  × $  3.05 =    $64,654

────────────────────────────────────────────────────
Month total                                 $245,445

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/287083 is the state's own key, not one this site invented.