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HEAD HONCHO STATE

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the FORD, WEST (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 292903District 08Field 31913800CondensateGasSave
Value, all time
$59.5 M
Feb 2022 – May 2026
Value, last 12 filed months
$6.1 M
at the published price for each month
Months reported
52
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition387,315 bbl$33,298,909
GasProduction6,056,691 Mcf$26,219,285
Total$59,518,194

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 32.0000, -103.9933. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

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
10,697 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 10,697 ft.

Completions filed
Feb 2022
1 of 1 wells

1 well

42-389391877H10,697 ftFeb 2022——

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 (52)

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

52 months

May 20263,84695,033106.413.05$698,708
Apr 202684566,79598.932.87$275,279
Mar 20262,73450,36289.753.15$403,989
Feb 20263,85884,71863.503.75$562,703
Jan 20264,14485,45659.138.00$928,505
Dec 20254,12883,02956.664.41$600,329
Nov 20253,052103,90158.593.93$586,778
Oct 20251,55147,03559.383.30$247,542
Sep 20252,78266,68362.743.08$379,721
Aug 20253,72172,41163.933.01$456,185
Jul 20253,41883,87766.743.32$506,186
Jun 20253,58483,33166.483.13$498,984
May 20253,94069,61660.553.23$463,588
Apr 20253,45974,82462.363.54$480,814
Mar 20254,19086,34767.704.27$652,220
Feb 20253,14573,24270.884.34$540,849
Jan 20253,40881,56774.324.28$602,282
Dec 20244,64391,37968.993.12$605,548
Nov 20244,79496,31669.052.20$542,771
Oct 20244,057103,54571.372.28$525,776
Sep 20243,47294,66269.612.36$465,501
Aug 20244,546110,79275.632.06$572,448
Jul 20244,01084,68279.932.15$502,297
Jun 20243,47369,20178.082.63$453,446
May 20245,257101,54278.812.20$637,538
Apr 20245,37086,24784.451.66$596,598
Mar 20245,43878,37780.301.55$557,774
Feb 20245,43884,77876.091.78$564,991
Jan 20245,258104,34673.023.30$728,037
Dec 20235,679106,01171.262.61$681,451
Nov 20236,325114,69377.892.81$814,662
Oct 20235,202130,94085.443.09$848,707
Sep 20234,455123,73589.042.74$735,093
Aug 20238,077134,98580.522.67$1,011,159
Jul 20236,232109,01974.852.64$754,472
Jun 20236,433129,24968.962.26$735,526
May 20238,467136,12170.622.23$901,135
Apr 20238,516140,02878.122.24$978,619
Mar 20237,911138,48172.852.39$907,724
Feb 20237,084145,86475.112.47$891,733
Jan 202312,376148,67776.533.39$1,450,811
Dec 202212,258154,04676.415.73$1,819,176
Nov 202214,573196,24685.005.65$2,346,749
Oct 202215,185241,70787.185.86$2,741,140
Sep 202214,479219,23284.888.16$3,018,717
Aug 202212,175269,42194.529.13$3,609,830
Jul 202214,100182,430101.587.54$2,808,180
Jun 202215,065135,275115.097.98$2,812,947
May 202221,945176,942109.378.43$3,892,284
Apr 202227,528207,212104.226.84$4,285,801
Mar 202229,449208,180108.885.08$4,263,212
Feb 202212,24094,10391.054.86$1,571,683

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         3,846 bbl  × $106.41 =   $409,253
Gas               95,033 Mcf  × $  3.05 =   $289,455

────────────────────────────────────────────────────
Month total                                 $698,708

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/292903 is the state's own key, not one this site invented.