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ODELL STATE 54-1-6 LOV

Operated by PDEH LLC (P-5 646827) 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 287533District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$36.2 M
Mar 2017 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
111
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 Gas112020-05-18223950
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
CondensateDisposition518,952 bbl$31,114,829
GasProduction1,589,057 Mcf$5,124,582
Total$36,239,411

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 31.9858, -103.6971. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.98585, -103.69708 · 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
11,743 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 11,743 ft.

Completions filed
Mar 2017
1 of 1 wells

1 well

42-301329922H11,743 ftMar 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 (111)

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

111 months

May 20261,2602,315106.413.05$141,128
Apr 20262,0508,37698.932.87$226,843
Mar 20262,4763,41789.753.15$232,983
Feb 20265454,39463.503.75$51,086
Jan 20261,51056059.138.00$93,765
Dec 202504,01756.664.41$17,728
Nov 202508258.593.93$322
Oct 20253561,20259.383.30$25,112
Sep 20251,4844,62362.743.08$107,331
Aug 20252,0385,67663.933.01$147,401
Jul 20251,8727,09266.743.32$148,449
Jun 20252,3066,64666.483.13$174,096
May 20252,4177,06160.553.23$169,173
Apr 20252,6057,00762.363.54$187,274
Mar 20252,1766,45667.704.27$174,871
Feb 20252,8907,46470.884.34$237,243
Jan 20251,5116,04674.324.28$138,166
Dec 20242,9077,91268.993.12$225,250
Nov 20242,6318,21069.052.20$199,720
Oct 20243,1558,63871.372.28$244,879
Sep 20243,2058,44669.612.36$243,069
Aug 20242,6308,03475.632.06$215,486
Jul 20242,6097,72279.932.15$225,113
Jun 20243,2476,95778.082.63$271,850
May 20245352,98678.812.20$48,728
Apr 20245081,46684.451.66$45,333
Mar 2024022980.301.55$354
Feb 202417552876.091.78$14,258
Jan 20242,2927,76373.023.30$192,962
Dec 20232,4659,23571.262.61$199,766
Nov 20232,6638,61577.892.81$231,608
Oct 20232,2408,03285.443.09$216,183
Sep 20232,6207,70589.042.74$254,358
Aug 20232,6287,90980.522.67$232,746
Jul 20232,8179,05074.852.64$234,761
Jun 20232,2948,41968.962.26$177,208
May 20232,7779,28570.622.23$216,793
Apr 20233,2049,01478.122.24$270,468
Mar 20232,85510,03172.852.39$231,993
Feb 2023022075.112.47$542
Jan 2023151076.533.39$11,556
Dec 20229512,77276.415.73$88,547
Nov 20222,4628,06485.005.65$254,801
Oct 20223,1589,97587.185.86$333,805
Sep 20222,23210,06184.888.16$271,587
Aug 20223,82011,02294.529.13$461,666
Jul 20222,60110,684101.587.54$344,789
Jun 20222,82910,116115.097.98$406,287
May 20223,71011,602109.378.43$503,603
Apr 20223,15311,021104.226.84$403,963
Mar 20223,53311,264108.885.08$441,854
Feb 20222,9739,67091.054.86$317,677
Jan 20223,93712,00381.844.54$376,670
Dec 20213,86312,16071.323.90$322,922
Nov 20219834,23177.435.24$98,271
Oct 20212,6174,81979.795.71$236,346
Sep 20212,91410,64669.865.35$260,538
Aug 20214,10114,52666.024.22$332,056
Jul 20214,50315,33270.783.98$379,776
Jun 20214,97816,28269.493.38$400,964
May 20214,84216,91363.483.02$358,408
Apr 20215,67517,45060.362.76$390,677
Mar 20213,52711,60661.302.72$247,738
Feb 20211,8767,62357.805.55$150,725
Jan 20213,76016,98050.412.81$237,260
Dec 20204,44116,06744.642.68$241,233
Nov 20204,10514,69138.772.71$198,913
Oct 20203,19011,27336.972.48$145,874
Sep 20203,68812,70137.091.99$162,076
Aug 20204,51414,40839.982.39$214,834
Jul 20203,70512,81638.371.83$165,552
Jun 20203,90813,53934.901.69$159,274
May 20204,76215,42016.921.81$108,556
Apr 20204,16314,97814.751.80$88,430
Mar 20201,6001,03930.341.86$50,473
Feb 20201,83414,66049.881.98$120,517
Jan 20204,54620,68757.252.09$303,592
Dec 201911,11819,28059.012.30$700,501
Nov 20194,85817,06255.302.75$315,580
Oct 20196,17623,38753.472.42$386,793
Sep 20198,34622,05855.052.66$518,062
Aug 20195,41819,79953.112.30$333,374
Jul 20197,83426,45556.272.46$505,900
Jun 20197,78926,87352.782.49$478,049
May 20198,42528,08158.482.74$569,645
Apr 201910,28533,83662.632.75$737,222
Mar 20192,4138,99356.803.06$164,596
Feb 20196,11618,55050.852.79$362,794
Jan 20198,55322,59746.033.23$466,642
Dec 201810,66128,16146.594.19$614,562
Nov 20184,80814,67552.934.24$316,669
Oct 20186,73821,75461.443.40$487,905
Sep 20188,77027,58159.543.11$607,888
Aug 201814,06126,53359.403.07$916,588
Jul 201811,79432,58465.142.93$863,794
Jun 201810,57841,44660.183.08$764,110
May 201816,14843,43465.382.90$1,181,750
Apr 201810,06329,74663.842.90$728,709
Mar 201817,24347,31761.222.79$1,187,481
Feb 201813,10035,98461.782.77$908,854
Jan 20182,6038,34562.874.01$197,108
Dec 20173,2157,53657.272.92$206,140
Nov 201715,15637,08255.423.12$955,581
Oct 201710,94534,08449.292.98$641,175
Sep 201710,35530,66547.523.09$586,741
Aug 201710,10127,08045.373.00$539,642
Jul 201711,25329,05143.873.09$583,358
Jun 201711,03529,72642.493.09$560,650
May 20178,53520,42345.373.26$453,881
Apr 201714,01846,61447.933.21$821,588
Mar 20178,88334,32446.772.98$517,870

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         1,260 bbl  × $106.41 =   $134,077
Gas                2,315 Mcf  × $  3.05 =     $7,051

────────────────────────────────────────────────────
Month total                                 $141,128

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/287533 is the state's own key, not one this site invented.