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BALBO EAST 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 294507District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$15.3 M
Apr 2016 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
121
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
CondensateDisposition269,852 bbl$13,449,599
GasProduction627,518 Mcf$1,866,306
Total$15,315,905

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 31.0982, -103.2609. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.09824, -103.26091 · 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
10,521 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 10,521 ft.

Completions filed
Dec 2016
1 of 1 wells

1 well

42-371393691H10,521 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 (121)

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

121 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 202218022394.529.13$19,049
Jul 20227561,690101.587.54$89,541
Jun 20227141,624115.097.98$95,129
May 20227711,613109.378.43$97,927
Apr 20227631,519104.226.84$89,906
Mar 20227771,520108.885.08$92,316
Feb 20227251,29791.054.86$72,313
Dec 20218691,55471.323.90$68,036
Nov 20218481,39077.435.24$72,940
Oct 20218851,72679.795.71$80,476
Sep 20218961,78969.865.35$72,167
Aug 20219941,86766.024.22$73,504
Jul 20218371,95770.783.98$67,036
Jun 20211,0881,92069.493.38$82,096
May 20219572,02363.483.02$66,855
Apr 20219651,98860.362.76$63,731
Mar 20211,0631,89961.302.72$70,321
Feb 20219272,05857.805.55$64,998
Jan 20211,1192,47550.412.81$63,364
Dec 20201,0432,56044.642.68$53,409
Nov 20201,1523,13438.772.71$53,145
Oct 20201,4763,56536.972.48$63,403
Sep 20201,3233,42337.091.99$55,885
Aug 20201,4405,99239.982.39$71,863
Jul 20201,4303,99138.371.83$62,153
Jun 20201,5164,25934.901.69$60,107
May 20201,6044,54216.921.81$35,382
Apr 20201,8445,19814.751.80$36,578
Mar 20202,2746,86330.341.86$81,732
Feb 20202,1336,91149.881.98$120,082
Jan 20202,4957,78457.252.09$159,144
Dec 20192,1814,38359.012.30$138,801
Nov 20196761,66055.302.75$41,949
Oct 20192,4097,41553.472.42$146,743
Sep 20192,3137,16655.052.66$146,373
Aug 20191,8854,51153.112.30$110,507
Jul 20191,7484,62656.272.46$109,740
Jun 20192,0074,84552.782.49$117,999
May 20192,2205,32358.482.74$144,412
Apr 20192,2375,45762.632.75$155,114
Mar 20192,4585,66156.803.06$156,949
Feb 20192,4335,67850.852.79$139,572
Jan 20192,6296,59646.033.23$142,306
Dec 20182,3426,77846.594.19$137,483
Nov 20182,8547,96752.934.24$184,820
Oct 20183,0678,54261.443.40$217,463
Sep 20182,8558,22559.543.11$195,550
Aug 20182,9387,82959.403.07$198,525
Jul 20183,25510,44465.142.93$242,651
Jun 20183,05010,83660.183.08$216,891
May 20183,61912,51865.382.90$272,922
Apr 20183,88614,24563.842.90$289,404
Mar 20184,84818,62061.222.79$348,686
Feb 20184,52816,80961.782.77$326,236
Jan 20184,22617,71362.874.01$336,706
Dec 20172,3988,92957.272.92$163,420
Nov 20175,01320,10055.423.12$340,500
Oct 20174,41314,03949.292.98$259,405
Sep 20175,22112,58847.523.09$286,965
Aug 20174,5846,36045.373.00$227,084
Jul 20175,54710,33643.873.09$275,257
Jun 20174,3439,68042.493.09$214,419
May 20176,35113,87945.373.26$333,438
Apr 20176,47714,14647.933.21$355,874
Mar 20177,04414,82146.772.98$373,669
Feb 20177,24616,98250.452.95$415,702
Jan 20178,81918,29449.413.42$498,290
Dec 20166,39411,60148.763.72$354,960
Nov 20167,24412,50142.492.64$340,855
Oct 20169,23616,16546.193.09$476,565
Sep 20166,57912,64141.553.10$312,553
Aug 201613,60224,65841.442.92$635,775
Jul 201614,44024,22641.622.92$671,838
Jun 201617,42229,65445.352.69$869,733
May 201623,81638,80242.521.99$1,089,913
Apr 20161,1352,91536.561.99$47,299

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.

Aug 2022 — as filed, then multipliedworked
Condensate           180 bbl  × $ 94.52 =    $17,014
Gas                  223 Mcf  × $  9.13 =     $2,035

────────────────────────────────────────────────────
Month total                                  $19,049

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/294507 is the state's own key, not one this site invented.