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BALBO SOUTHEAST UNIT

Operated by HALCON OPERATING CO., INC. (P-5 344412) 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 294502District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$23.4 M
Mar 2016 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
122
1 month not filed
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
CondensateDisposition346,349 bbl$18,734,248
GasProduction1,450,424 Mcf$4,692,741
Total$23,426,989

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 31.0554, -103.2606. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.05540, -103.26057 · 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
10,311 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 10,311 ft.

Completions filed
Dec 2016
1 of 1 wells

1 well

42-371393761H10,311 ftDec 2016——

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 (122)

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

122 months

May 20261,04811,282106.413.05$145,881
Apr 20261,0459,49598.932.87$130,630
Mar 20261,09410,13989.753.15$130,119
Feb 20269829,36663.503.75$97,483
Jan 20261,2219,96559.138.00$151,897
Dec 20251,1409,61356.664.41$107,018
Nov 20251,5748,76058.593.93$126,616
Oct 2025031059.383.30$1,025
Sep 202517565562.743.08$12,995
Aug 20251,0938,36963.933.01$95,106
Jul 20258116,14366.743.32$74,491
Jun 20251,1898,98966.483.13$107,169
May 20251,1988,54960.553.23$100,172
Apr 20251,0198,71262.363.54$94,413
Mar 20251,2529,37067.704.27$124,755
Feb 20251,1548,43270.884.34$118,397
Jan 20251,40210,97974.324.28$151,172
Dec 20241,44410,63868.993.12$132,827
Nov 20241,4499,61969.052.20$121,200
Oct 20241,2139,81471.372.28$108,961
Sep 20241,15310,25769.612.36$104,512
Aug 20241,28112,55775.632.06$122,795
Jul 20249716,19979.932.15$90,919
Jun 20241,2188,20078.082.63$116,700
May 20241,1168,10378.812.20$105,766
Apr 20241,3137,08084.451.66$122,630
Mar 20241,1195,67380.301.55$98,621
Feb 20247056,60976.091.78$65,432
Jan 20241,0978,82673.023.30$109,208
Dec 20231,36012,45571.262.61$129,430
Nov 20231,51911,38077.892.81$150,265
Oct 20231,44311,41685.443.09$158,534
Sep 20231,47511,82689.042.74$163,679
Aug 20231,53512,19280.522.67$156,186
Jul 20231,65613,09574.852.64$158,546
Jun 20231,56012,62968.962.26$136,100
May 20231,89412,83370.622.23$162,339
Apr 20233,20113,34978.122.24$279,934
Mar 20234781,62472.852.39$38,709
Feb 20231675.112.47$90
Jan 20235981276.533.39$45,806
Dec 20224812,33476.415.73$50,125
Nov 20221,33810,14885.005.65$171,028
Oct 20221,52710,04787.185.86$192,037
Sep 20221,4347,91584.888.16$186,333
Aug 20221,55711,33894.529.13$250,651
Jul 20221,57010,510101.587.54$238,748
Jun 20221,6099,281115.097.98$259,216
May 20221,67610,887109.378.43$275,115
Apr 20221,64710,168104.226.84$241,175
Mar 20221,73710,716108.885.08$243,523
Feb 20221,72210,00091.054.86$205,377
Dec 20212,26411,37971.323.90$205,837
Nov 20211,6186,64877.435.24$160,096
Oct 20211,5017,99979.795.71$165,470
Sep 20211,8789,96269.865.35$184,503
Aug 20211,6326,78566.024.22$136,381
Jul 20211,97510,11870.783.98$180,081
Jun 20211,9428,06869.493.38$162,224
May 20211,7897,69963.483.02$136,799
Apr 20211,7417,09460.362.76$124,655
Mar 20211,7768,01361.302.72$130,640
Feb 20211,3946,58657.805.55$117,112
Jan 20211,8238,87250.412.81$116,830
Dec 20201,9168,33244.642.68$107,822
Nov 20201,9398,05138.772.71$96,966
Oct 20201,9547,71636.972.48$91,363
Sep 20201,7088,73137.091.99$80,733
Aug 20201,9053,88239.982.39$85,421
Jul 20201,96611,19938.371.83$95,875
Jun 20201,84210,38634.901.69$81,841
May 20201,83411,52816.921.81$51,952
Apr 20202,01710,84614.751.80$49,321
Mar 20202,68412,08130.341.86$103,858
Feb 20208844,48149.881.98$52,969
Jan 20201,7807,92357.252.09$118,502
Dec 20191,9739,30159.012.30$137,860
Nov 20191,8988,79455.302.75$129,149
Oct 20192,17710,41553.472.42$141,593
Sep 20191,8339,72455.052.66$126,746
Aug 20191,78910,90953.112.30$120,152
Jul 20191,77311,77156.272.46$128,724
Jun 20191,92811,28352.782.49$129,868
May 20192,17212,26158.482.74$160,618
Apr 20192,21712,48262.632.75$173,185
Mar 20192,2699,01856.803.06$156,493
Feb 20191,3807,56850.852.79$91,305
Jan 20192,34912,67646.033.23$149,045
Dec 20182,10112,50846.594.19$150,237
Nov 20182,49313,24952.934.24$188,094
Oct 20182,43313,82461.443.40$196,459
Sep 20182,21813,06859.543.11$172,675
Aug 20182,64511,07159.403.07$191,063
Jul 20182,93313,86465.142.93$231,703
Jun 20182,71011,80760.183.08$199,417
May 20183,38413,62565.382.90$260,769
Apr 20183,12016,08063.842.90$245,826
Mar 20184,71720,88361.222.79$346,972
Feb 20181,9787,23461.782.77$142,211
Jan 20183,97617,94062.874.01$321,898
Dec 20174,65219,17857.272.92$322,449
Nov 20175,50423,78855.423.12$379,211
Oct 20175,31824,01249.292.98$333,768
Sep 20176,44822,16147.523.09$374,826
Aug 20174,37916,31145.373.00$247,680
Jul 20173,67414,81143.873.09$206,904
Jun 20172,94511,20342.493.09$159,720
May 20176,15522,28645.373.26$351,980
Apr 20176,31523,82047.933.21$379,178
Mar 20176,50022,86346.772.98$372,221
Feb 20177,19423,17050.452.95$431,349
Jan 20178,11923,38849.413.42$481,119
Dec 20166,45315,32948.763.72$371,716
Nov 20167,12617,65942.492.64$349,480
Oct 20169,62822,46046.193.09$514,125
Sep 20167,19418,65541.553.10$356,753
Aug 201610,15123,88841.442.92$490,514
Jul 201611,68725,63341.622.92$561,373
Jun 201614,05728,86645.352.69$715,014
May 201616,25734,96242.521.99$760,858
Apr 201620,31837,01436.561.99$816,522
Mar 20169,55324,36933.011.79$359,063

Not filed, and not zero: Jan 2022. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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         1,048 bbl  × $106.41 =   $111,518
Gas               11,282 Mcf  × $  3.05 =    $34,363

────────────────────────────────────────────────────
Month total                                 $145,881

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/294502 is the state's own key, not one this site invented.