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BULLHEAD STATE 55-1-44

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 287565District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$33.4 M
Oct 2015 – May 2026
Value, last 12 filed months
$1.7 M
at the published price for each month
Months reported
128
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 Gas112020-01-27223964
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
CondensateDisposition532,342 bbl$28,361,527
GasProduction1,681,997 Mcf$5,085,193
Total$33,446,720

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 31.8972, -103.7836. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.89718, -103.78359 · 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
10,836 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 10,836 ft.

Completions filed
Oct 2015
1 of 1 wells

1 well

42-301325862H10,836 ftOct 2015——

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 (128)

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

128 months

May 20261,9505,586106.413.05$224,514
Apr 20262,2726,34998.932.87$242,989
Mar 20262,3606,72789.753.15$232,996
Feb 20262,2316,31863.503.75$165,363
Jan 20262,6717,36059.138.00$216,801
Dec 20252,4146,52856.664.41$165,588
Nov 202551458.593.93$348
Oct 202514810859.383.30$9,145
Sep 20251,1083,30062.743.08$79,670
Aug 20251,4954,39563.933.01$108,825
Jul 20251,9015,43566.743.32$144,891
Jun 20251,7495,37666.483.13$133,094
May 20252,1845,71960.553.23$150,727
Apr 20252,5476,87062.363.54$183,172
Mar 20257661,95767.704.27$60,211
Feb 20252,5176,44270.884.34$206,369
Jan 20252,8827,37474.324.28$245,741
Dec 20241,8505,05968.993.12$143,423
Nov 20241,8254,72769.052.20$136,408
Oct 20243,1288,21671.372.28$241,989
Sep 20243,81512,09769.612.36$294,164
Aug 20241,9087,65575.632.06$160,099
Jul 20241,6276,20179.932.15$143,357
Jun 20241,6787,34678.082.63$150,367
May 20241,8497,87878.812.20$163,039
Apr 20241,7067,44384.451.66$156,421
Mar 20241,9267,72880.301.55$166,599
Feb 20241,8577,13276.091.78$154,020
Jan 20241,9867,60073.023.30$170,080
Dec 20231,8977,29671.262.61$154,228
Nov 20231,8907,45277.892.81$168,134
Oct 20231,9657,84185.443.09$192,097
Sep 20231,9757,72689.042.74$196,985
Aug 20232,0647,33280.522.67$185,791
Jul 20232,2367,44274.852.64$187,025
Jun 20232,0828,11568.962.26$161,902
May 20232,4428,79670.622.23$192,046
Apr 20232,4148,60978.122.24$207,847
Mar 20231,7025,87672.852.39$138,053
Feb 20232,0897,88275.112.47$176,339
Jan 20232,70510,32476.533.39$241,988
Dec 20222,9838,93576.415.73$279,120
Nov 20223,40110,23285.005.65$346,857
Oct 20221,1203,68887.185.86$119,267
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 20221,7947,540101.587.54$239,102
Jun 20222,3158,616115.097.98$335,165
May 20223,0049,347109.378.43$407,371
Apr 20221,9218,678104.226.84$259,543
Mar 20222,5938,979108.885.08$327,907
Feb 20222,5327,93891.054.86$269,108
Jan 20223,30213,25181.844.54$330,364
Dec 20212,86313,80771.323.90$258,024
Nov 20213,15012,81977.435.24$311,036
Oct 20213,25413,27879.795.71$335,505
Sep 20216871,76069.865.35$57,411
Aug 20212,6649,91866.024.22$217,737
Jul 20214,17013,34170.783.98$348,278
Jun 20215541,83169.493.38$44,687
May 20214291,29563.483.02$31,141
Apr 20213,12613,40260.362.76$225,654
Mar 20212,84013,17061.302.72$209,874
Feb 20212,48311,10857.805.55$205,144
Jan 20214,20617,52950.412.81$261,286
Dec 20203,15015,15144.642.68$181,152
Nov 20203,44714,30138.772.71$172,347
Oct 20203,68714,34636.972.48$171,864
Sep 20203,92014,12337.091.99$173,512
Aug 20204,99618,36239.982.39$243,535
Jul 20202,9245,34238.371.83$121,944
Jun 20201752,31334.901.69$10,017
May 202016016.921.81$271
Apr 20208899,23014.751.80$29,767
Mar 20203,62513,90230.341.86$135,788
Feb 20204,93612,39749.881.98$270,762
Jan 20204,61213,35157.252.09$292,004
Dec 20192,4284,66759.012.30$154,031
Nov 20195,82414,05455.302.75$360,726
Oct 20195,80516,05253.472.42$349,216
Sep 20194,3769,19555.052.66$265,332
Aug 20192337653.112.30$12,550
Jul 20191,1043,71156.272.46$71,251
Jun 2019109052.782.49$5,753
May 20192,9768,41658.482.74$197,099
Apr 20194,39713,17962.632.75$311,636
Mar 20194,85114,57856.803.06$320,176
Feb 20194,48414,08050.852.79$267,326
Jan 20194,57115,21746.033.23$259,526
Dec 20184,13618,20246.594.19$268,880
Nov 20185,05415,33652.934.24$332,491
Oct 20184,36716,88461.443.40$325,682
Sep 20184,19415,11759.543.11$296,694
Aug 20183,24874359.403.07$195,210
Jul 20182,96819,01765.142.93$249,091
Jun 20186,48318,96960.183.08$448,513
May 20186,26720,79665.382.90$470,062
Apr 20186,40817,34763.842.90$459,407
Mar 20181,7054,07161.222.79$115,725
Feb 201814061.782.77$865
Jan 20183,7488,58062.874.01$270,037
Dec 20173,73712,77457.272.92$251,337
Nov 20177,65239,25955.423.12$546,498
Oct 20176,95321,20649.292.98$405,985
Sep 20176,33620,66347.523.09$364,879
Aug 20176,27521,29845.373.00$348,684
Jul 20177,03823,35743.873.09$380,867
Jun 20175,53214,37442.493.09$279,431
May 20176,74016,57745.373.26$359,891
Apr 20176,47317,89047.933.21$367,706
Mar 20176,64320,88446.772.98$373,004
Feb 20176,92521,02450.452.95$411,442
Jan 20179,24127,53949.413.42$550,748
Dec 20168,26725,92148.763.72$499,598
Nov 20169,06726,71042.492.64$455,887
Oct 20169,61630,86646.193.09$539,547
Sep 201612,18832,64641.553.10$607,635
Aug 201611,68637,00441.442.92$592,480
Jul 201611,75133,58641.622.92$587,294
Jun 201611,40335,63845.352.69$612,844
May 201614,33043,32042.521.99$695,563
Apr 201617,62654,19036.561.99$752,301
Mar 201619,42053,64933.011.79$737,301
Feb 201613,87826,08426.472.06$421,178
Jan 20166,8379,02927.352.36$208,340
Dec 20158,73314,94832.362.00$312,517
Nov 201517,74761,66538.792.17$822,055
Oct 201516,91458,69843.552.43$879,040

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         1,950 bbl  × $106.41 =   $207,500
Gas                5,586 Mcf  × $  3.05 =    $17,014

────────────────────────────────────────────────────
Month total                                 $224,514

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/287565 is the state's own key, not one this site invented.