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BULLEIT 12-15-16 UNIT

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) 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 289561District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$36.0 M
Nov 2019 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
79
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
CondensateDisposition316,706 bbl$18,591,815
GasProduction5,344,090 Mcf$17,448,764
Total$36,040,579

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 31.4530, -103.6856. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45300, -103.68556 · 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
9,898 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 9,898 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-389377691H9,898 ftNov 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 (79)

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

79 months

May 202654117,174106.413.05$109,877
Apr 202643516,49198.932.87$90,359
Mar 202650717,68589.753.15$101,201
Feb 202665017,15263.503.75$105,600
Jan 202657818,23059.138.00$179,979
Dec 202566819,71256.664.41$124,845
Nov 202566221,18758.593.93$121,976
Oct 202556914,97259.383.30$83,267
Sep 202579519,98162.743.08$111,358
Aug 202586520,56763.933.01$117,304
Jul 202595520,84966.743.32$132,855
Jun 202579120,95366.483.13$118,142
May 202594520,65060.553.23$123,967
Apr 202580221,16062.363.54$124,985
Mar 202583223,23767.704.27$155,509
Feb 202592319,85770.884.34$151,618
Jan 202578213774.324.28$58,704
Dec 202497225,19468.993.12$145,698
Nov 20241,24031,62169.052.20$155,139
Oct 20241,35737,34671.372.28$182,050
Sep 20241,06630,07969.612.36$145,322
Aug 202466410,07875.632.06$71,016
Jul 20241,46431,67779.932.15$185,015
Jun 20241,69136,40278.082.63$227,915
May 20241,73239,37178.812.20$223,054
Apr 20241,88537,14284.451.66$220,814
Mar 20242,01138,08180.301.55$220,323
Feb 20241,64334,53676.091.78$186,616
Jan 20241,94539,78073.023.30$273,205
Dec 20231,87741,36671.262.61$241,750
Nov 20232,00741,30177.892.81$272,280
Oct 20232,03442,75885.443.09$305,791
Sep 20231,80942,58789.042.74$277,551
Aug 20232,12546,66580.522.67$295,835
Jul 20231,83339,69874.852.64$242,074
Jun 20232,04345,68268.962.26$244,057
May 202395429,10170.622.23$132,191
Apr 20232,59940,97978.122.24$294,735
Mar 20232,64946,74872.852.39$304,855
Feb 20232,33846,94175.112.47$291,349
Jan 20232,91754,67576.533.39$408,462
Dec 20222,72555,87376.415.73$528,318
Nov 20222,81452,21485.005.65$534,001
Oct 20222,97656,00787.185.86$587,859
Sep 20222,95255,96584.888.16$707,446
Aug 20223,03653,11794.529.13$771,770
Jul 20223,12257,040101.587.54$747,333
Jun 20223,18057,707115.097.98$826,326
May 20223,16259,168109.378.43$844,794
Apr 20223,26854,733104.226.84$714,833
Mar 20223,28760,207108.885.08$663,523
Feb 20223,13753,61891.054.86$546,145
Jan 20223,54060,43981.844.54$563,966
Dec 20213,77457,75471.323.90$494,351
Nov 20213,68560,29077.435.24$601,059
Oct 20213,91064,60979.795.71$681,146
Sep 20213,79164,54269.865.35$610,198
Aug 20213,76670,24766.024.22$545,115
Jul 20213,49659,20570.783.98$483,206
Jun 20214,27975,50669.493.38$552,605
May 20214,70680,50263.483.02$541,665
Apr 20215,534906,25060.362.76$2,833,850
Mar 20215,870100,48161.302.72$632,832
Feb 20214,25070,78657.805.55$638,367
Jan 20216,989106,51450.412.81$651,649
Dec 20207,562114,29344.642.68$643,354
Nov 20208,124122,04738.772.71$645,296
Oct 20209,913136,72936.972.48$705,357
Sep 202010,572140,22237.091.99$671,303
Aug 202013,694166,78039.982.39$945,273
Jul 202013,888167,28938.371.83$838,205
Jun 202012,411116,15734.901.69$629,485
May 20200016.921.81$0
Apr 202015,078142,83714.751.80$480,133
Mar 20209,03586,76730.341.86$435,181
Feb 20208,20263,58549.881.98$535,057
Jan 202024,106202,80257.252.09$1,804,886
Dec 201929,410217,38059.012.30$2,236,406
Nov 20198,30754,62655.302.75$609,637

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           541 bbl  × $106.41 =    $57,568
Gas               17,174 Mcf  × $  3.05 =    $52,309

────────────────────────────────────────────────────
Month total                                 $109,877

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/289561 is the state's own key, not one this site invented.