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EAST AXIS

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 288952District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$35.5 M
Oct 2018 – May 2026
Value, last 12 filed months
$2.5 M
at the published price for each month
Months reported
92
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
CondensateDisposition309,851 bbl$18,352,144
GasProduction4,730,794 Mcf$17,190,540
Total$35,542,684

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 31.9409, -103.2493. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.94088, -103.24929 · 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
11,935 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 11,935 ft.

Completions filed
Oct 2018
1 of 1 wells

1 well

42-495341522H11,935 ftOct 2018——

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 (92)

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

92 months

May 202668221,914106.413.05$139,318
Apr 20261,43126,66698.932.87$218,093
Mar 20261,53227,32589.753.15$223,555
Feb 20261,59723,36763.503.75$189,043
Jan 20261,59028,53159.138.00$322,205
Dec 20251,73733,57456.664.41$246,593
Nov 20251,54730,37958.593.93$209,920
Oct 20251,56832,02559.383.30$198,945
Sep 20251,65333,28362.743.08$206,118
Aug 20251,86134,35763.933.01$222,552
Jul 20251,69233,11066.743.32$222,690
Jun 20251,5521,11366.483.13$106,659
May 20251,99129,45160.553.23$215,750
Apr 20251,77618,19762.363.54$175,226
Mar 20252,03718,95167.704.27$218,794
Feb 20251,17113,53370.884.34$141,745
Jan 20252,28524,53174.324.28$274,782
Dec 20241,43825,21868.993.12$177,922
Nov 20241,45032,80669.052.20$172,245
Oct 20241,84028,51671.372.28$196,377
Sep 20241,72830,41869.612.36$192,205
Aug 20242,08046,58875.632.06$253,451
Jul 20242,06949,08379.932.15$270,736
Jun 20242,37644,52678.082.63$302,799
May 20242,35636,60078.812.20$266,139
Apr 20244,09862,78584.451.66$450,249
Mar 20243986,63380.301.55$42,208
Feb 2024752,37876.091.78$9,948
Jan 2024279373.023.30$2,278
Dec 20231818871.262.61$1,774
Nov 20231,77930,45177.892.81$224,059
Oct 20231,61836,66485.443.09$251,434
Sep 20231,68339,38389.042.74$257,568
Aug 20232,02344,96480.522.67$283,075
Jul 20232,30976,68174.852.64$375,405
Jun 20232,43558,00668.962.26$298,923
May 20232,83667,95970.622.23$351,650
Apr 20233,02166,18578.122.24$384,107
Mar 20232,56955,46472.852.39$319,886
Feb 20231,77337,44575.112.47$225,497
Jan 20233,52665,30876.533.39$491,090
Dec 20223,19662,10176.415.73$599,988
Nov 20222,69667,05085.005.65$607,738
Oct 20222,97778,01087.185.86$716,967
Sep 20223,38584,19184.888.16$974,627
Aug 20223,26192,26594.529.13$1,150,347
Jul 20221,93591,189101.587.54$884,312
Jun 202290491,456115.097.98$833,604
May 20222,125108,832109.378.43$1,150,196
Apr 20221,908105,039104.226.84$917,066
Mar 20223,867115,115108.885.08$1,005,409
Feb 20224,130100,39391.054.86$863,830
Jan 20226,62980,03281.844.54$905,677
Dec 20213,32528,03971.323.90$346,466
Nov 20211,28915,48877.435.24$180,916
Oct 20212,89046,19379.795.71$494,534
Sep 2021117069.865.35$8,174
Aug 202105066.024.22$211
Jul 2021012570.783.98$498
Jun 2021012269.493.38$412
May 202101463.483.02$42
Apr 20210060.362.76$0
Mar 202103861.302.72$103
Feb 20210057.805.55$0
Jan 202125812550.412.81$13,357
Dec 20202393544.642.68$10,763
Nov 20204,07178,25738.772.71$369,641
Oct 20204,80088,95636.972.48$397,927
Sep 20204,51289,64737.091.99$345,841
Aug 20205,449103,08839.982.39$463,726
Jul 20206,86796,89838.371.83$440,337
Jun 20208,26388,43534.901.69$437,861
May 20205,44492,20916.921.81$259,449
Apr 20206,82798,95714.751.80$279,254
Mar 20208,120107,87730.341.86$446,605
Feb 202011,501119,02549.881.98$809,419
Jan 202010,488133,23457.252.09$879,529
Dec 201912,185115,93859.012.30$986,200
Nov 20199,60982,76855.302.75$759,048
Oct 20197,29166,67353.472.42$551,101
Sep 20194,32539,37055.052.66$342,708
Aug 20196053.112.30$319
Jul 20191822856.272.46$10,310
Jun 201910,135113,53452.782.49$817,761
May 20199,17488,63458.482.74$779,381
Apr 20192,44428,62862.632.75$231,815
Mar 201912,213113,81156.803.06$1,042,199
Feb 20197,03263,90250.852.79$536,006
Jan 201917,817164,44146.033.23$1,350,962
Dec 201815,744136,23146.594.19$1,303,700
Nov 20186,98174,11852.934.24$683,560
Oct 2018135,58461.443.40$19,774

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           682 bbl  × $106.41 =    $72,572
Gas               21,914 Mcf  × $  3.05 =    $66,747

────────────────────────────────────────────────────
Month total                                 $139,318

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/288952 is the state's own key, not one this site invented.