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PLATINUM 218-34

Operated by MATADOR PRODUCTION COMPANY (P-5 532993) 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 287280District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$32.9 M
Dec 2018 – May 2026
Value, last 12 filed months
$1.5 M
at the published price for each month
Months reported
90
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
CondensateDisposition406,260 bbl$23,127,943
GasProduction3,454,781 Mcf$9,821,174
Total$32,949,117

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 31.5405, -103.4079. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.54050, -103.40787 · 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
10,884 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 10,884 ft.

Completions filed
Sep 2019
1 of 1 wells

1 well

42-475376722H10,884 ftSep 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 (90)

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

90 months

May 20261,03212,246106.413.05$147,114
Apr 20261,10712,77398.932.87$146,170
Mar 20261,38115,71489.753.15$173,435
Feb 20261,38815,01663.503.75$144,453
Jan 20261,43715,07659.138.00$205,546
Dec 20251,39116,30056.664.41$150,752
Nov 20251,28514,86358.593.93$133,647
Oct 20252784,17559.383.30$30,305
Sep 20256577,00562.743.08$62,774
Aug 202598212,47263.933.01$100,379
Jul 20251,00212,74166.743.32$109,112
Jun 202598012,24966.483.13$103,474
May 202599812,77860.553.23$101,731
Apr 20251,10412,17162.363.54$111,969
Mar 20251,11212,97467.704.27$130,660
Feb 20251,00811,56770.884.34$121,658
Jan 20251,14013,26174.324.28$141,464
Dec 20241,14813,58568.993.12$121,604
Nov 20241,23713,93669.052.20$116,052
Oct 20241,35816,46671.372.28$134,486
Sep 20241,42117,46469.612.36$140,207
Aug 20241,40017,01775.632.06$140,999
Jul 20241,45118,08179.932.15$154,791
Jun 20241,31915,42878.082.63$143,625
May 20241,46817,45378.812.20$154,062
Apr 20241,46116,78884.451.66$151,236
Mar 20241,59116,98180.301.55$153,995
Feb 20241,48516,97376.091.78$143,267
Jan 20241,64318,31373.023.30$180,362
Dec 20231,81119,07671.262.61$178,854
Nov 20231,43915,81377.892.81$156,480
Oct 20231,48917,34085.443.09$180,754
Sep 20231,52315,15989.042.74$177,068
Aug 20231,59515,22480.522.67$169,121
Jul 20231,26111,42474.852.64$124,566
Jun 20231,33312,53968.962.26$120,243
May 20231,47513,45270.622.23$134,127
Apr 20231,88713,80578.122.24$178,305
Mar 20231,38312,04472.852.39$129,575
Feb 20231,23310,08875.112.47$117,484
Jan 20231,25410,47576.533.39$131,455
Dec 20221,24813,79276.415.73$174,375
Nov 20221,2659,35185.005.65$160,323
Oct 20221,39110,15387.185.86$180,802
Sep 20221,1388,82684.888.16$168,646
Aug 20221,0708,25494.529.13$176,472
Jul 20221,0878,025101.587.54$170,943
Jun 20221,1818,581115.097.98$204,374
May 20221,0649,525109.378.43$196,694
Apr 20228756,216104.226.84$133,695
Mar 202284943108.885.08$13,933
Feb 20221,0297,92891.054.86$132,211
Jan 20221,70613,22081.844.54$199,607
Dec 20215,21939,31271.323.90$525,501
Nov 20215,11438,59077.435.24$598,067
Oct 20215,47441,25679.795.71$672,502
Sep 20215,26241,82669.865.35$591,411
Aug 20215,58745,14066.024.22$559,371
Jul 20215,93748,71670.783.98$614,212
Jun 20215,68546,17669.493.38$551,154
May 20216,03347,27763.483.02$525,641
Apr 20216,01348,59160.362.76$496,979
Mar 20216,80654,11061.302.72$564,221
Feb 20215,51543,36857.805.55$559,371
Jan 20217,31961,91850.412.81$542,957
Dec 20208,25168,28844.642.68$551,026
Nov 20208,23973,19638.772.71$517,536
Oct 20206,36461,54436.972.48$387,810
Sep 20207,21461,25737.091.99$389,532
Aug 20208,89577,93339.982.39$541,500
Jul 20209,43389,44638.371.83$525,194
Jun 20209,90788,06834.901.69$494,617
May 20202,38320,05816.921.81$76,721
Apr 20206,11062,92314.751.80$203,660
Mar 20209,77695,89430.341.86$474,605
Feb 20209,51681,58149.881.98$636,243
Jan 202011,494100,49757.252.09$868,547
Dec 201914,377111,75959.012.30$1,105,920
Nov 201915,402117,51155.302.75$1,174,968
Oct 201916,166107,07453.472.42$1,123,359
Sep 201916,166138,04655.052.66$1,256,765
Aug 201926,415210,07053.112.30$1,886,978
Jul 201926,672205,59156.272.46$2,006,600
Jun 201928,827216,24552.782.49$2,060,199
May 201926,767205,73358.482.74$2,129,108
Apr 20191,83722,66862.632.75$177,404
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0

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         1,032 bbl  × $106.41 =   $109,815
Gas               12,246 Mcf  × $  3.05 =    $37,299

────────────────────────────────────────────────────
Month total                                 $147,114

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/287280 is the state's own key, not one this site invented.