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ELWOOD 29 ZZ UNIT

Operated by COTERRA ENERGY OPERATING CO. (P-5 103285) in the DERBY (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 288202District 08Field 24366100CondensateGasSaveExport
Value, all time
$38.9 M
Jul 2019 – May 2026
Value, last 12 filed months
$3.1 M
at the published price for each month
Months reported
83
no gaps in the span
Streams
2
condensate, gas

The DERBY (BONE SPRING) 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 71 leases and 77 wells, and the rule below applies to all of them.

Discovered
2013-03-26
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 80 acres. The field rule took effect on 2025-02-19.

The Commission's schedule remark for this field reads: “TEMPORARY RULES ADOPTED IN FINAL ORDER 08-0282091 EFFECTIVE AUG”

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
CondensateDisposition441,479 bbl$27,154,380
GasProduction3,448,002 Mcf$11,730,780
Total$38,885,160

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 31.8332, -104.1847. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.83323, -104.18466 · 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
8,548 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 8,548 ft.

Completions filed
Jul 2019
1 of 1 wells

1 well

42-109334413H8,548 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 (83)

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

83 months

May 20262,28328,607106.413.05$330,066
Apr 20261,50118,15998.932.87$200,605
Mar 20262,30525,06789.753.15$285,821
Feb 20262,13923,29163.503.75$223,175
Jan 20261,81938,98359.138.00$419,340
Dec 20252,30933,92456.664.41$280,547
Nov 20252,07635,02458.593.93$259,152
Oct 20252,34333,23759.383.30$248,970
Sep 20252,43025,65862.743.08$231,406
Aug 20251,97325,38563.933.01$202,664
Jul 20252,08118,41366.743.32$199,929
Jun 20251,78124,87466.483.13$196,225
May 20252,16527,59860.553.23$220,296
Apr 20252,33427,61062.363.54$243,374
Mar 20252,48328,13767.704.27$288,197
Feb 20252,56127,97470.884.34$302,954
Jan 20252,41030,87174.324.28$311,198
Dec 20242,61730,33568.993.12$275,234
Nov 20242,44329,19569.052.20$232,873
Oct 20242,91628,84371.372.28$273,917
Sep 20242,68729,81469.612.36$257,533
Aug 20242,66531,19275.632.06$265,923
Jul 20242,89230,77479.932.15$297,217
Jun 20242,61030,21978.082.63$283,385
May 20242,27831,14778.812.20$248,004
Apr 20242,97026,23584.451.66$294,346
Mar 20242,65731,41980.301.55$261,904
Feb 20242,92130,29576.091.78$276,294
Jan 20243,06530,29173.023.30$323,696
Dec 20233,18831,83971.262.61$310,300
Nov 20233,19230,76977.892.81$335,011
Oct 20233,40030,29485.443.09$384,022
Sep 20233,13929,86689.042.74$361,181
Aug 20233,89931,51180.522.67$398,173
Jul 20232,88426,73374.852.64$286,491
Jun 20233,46629,38168.962.26$305,372
May 20233,51129,00270.622.23$312,546
Apr 20232,80627,97078.122.24$281,795
Mar 20233,96334,77572.852.39$371,927
Feb 20233,08230,86875.112.47$307,600
Jan 20233,81538,49476.533.39$422,369
Dec 20223,85938,39476.415.73$514,828
Nov 20223,31635,42685.005.65$481,882
Oct 20224,21639,26287.185.86$597,774
Sep 20223,94938,23184.888.16$647,297
Aug 20224,40538,25894.529.13$765,547
Jul 20224,15638,010101.587.54$708,841
Jun 20224,19437,566115.097.98$782,359
May 20224,31339,006109.378.43$800,652
Apr 20224,15939,273104.226.84$701,984
Mar 20224,80842,901108.885.08$741,278
Feb 20224,37338,66791.054.86$586,038
Jan 20224,54944,40981.844.54$573,804
Dec 20214,94544,77371.323.90$527,253
Nov 20214,61644,11577.435.24$588,441
Oct 20214,94245,85479.795.71$656,326
Sep 20214,83242,31669.865.35$563,993
Aug 20215,34544,29166.024.22$539,811
Jul 20215,96146,67770.783.98$607,791
Jun 20215,02750,18069.493.38$518,966
May 20215,91148,29063.483.02$520,954
Apr 20215,81648,26760.362.76$484,194
Mar 20216,43647,89161.302.72$524,644
Feb 20214,97036,34157.805.55$488,884
Jan 20216,71051,91650.412.81$484,149
Dec 20207,35054,09544.642.68$472,833
Nov 20207,06854,79138.772.71$422,322
Oct 20207,61856,43936.972.48$421,518
Sep 20207,93256,66137.091.99$407,012
Aug 20208,38754,81439.982.39$466,049
Jul 20206,75138,79538.371.83$329,841
Jun 20208,02853,46834.901.69$370,555
May 20209,80764,21216.921.81$282,463
Apr 202010,06665,48414.751.80$266,632
Mar 202011,48469,49930.341.86$477,431
Feb 202011,27666,31849.881.98$693,801
Jan 202013,16777,60357.252.09$916,369
Dec 201914,30679,01959.012.30$1,026,285
Nov 201915,83484,56355.302.75$1,108,228
Oct 201918,59688,77653.472.42$1,209,036
Sep 201919,63695,99955.052.66$1,336,058
Aug 201925,041112,55253.112.30$1,589,288
Jul 201913,26550,52756.272.46$870,721

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         2,283 bbl  × $106.41 =   $242,934
Gas               28,607 Mcf  × $  3.05 =    $87,132

────────────────────────────────────────────────────
Month total                                 $330,066

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/288202 is the state's own key, not one this site invented.