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LUDEMAN

Operated by COG OPERATING LLC (P-5 166150) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 48467District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$75.7 M
Oct 2016 – May 2026
Value, last 12 filed months
$2.6 M
at the published price for each month
Months reported
116
no gaps in the span
Streams
2
oil, casinghead 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
OilDisposition1,183,660 bbl$67,765,214
Casinghead gasProduction2,400,031 Mcf$7,897,171
Total$75,662,385

Wells on this lease (2)

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 31.9193, -103.4271. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.6 miles.

31.91934, -103.42712 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,965 ft
2 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.
2100.0%

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

Between 11,582 and 12,347 ft, median 11,965 ft, over the 2 wells that filed a depth.

Completions filed
Oct 2016 – Apr 2017
2 of 2 wells

2 wells

42-301331581303H11,582 ftApr 2017——
42-301328931302H12,347 ftOct 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 (116)

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

116 months

May 20262,064961106.413.05$222,557
Apr 20262,1264,87998.932.87$224,327
Mar 20261,7873,09489.753.15$170,128
Feb 20261,6603,81663.503.75$119,721
Jan 20261,9244,93459.138.00$153,228
Dec 20251,6314,69156.664.41$113,116
Nov 20252,2573,69358.593.93$146,738
Oct 20253,2516,14859.383.30$213,363
Sep 20254,3267,16462.743.08$293,456
Aug 20253,5507,85263.933.01$250,623
Jul 20254,82611,48666.743.32$360,166
Jun 20254,79810,57566.483.13$352,057
May 20254,4539,60360.553.23$300,669
Apr 20254,28810,85062.363.54$305,843
Mar 20253,5859,63567.704.27$283,830
Feb 20253,8818,85670.884.34$313,528
Jan 20254,7896,69974.324.28$384,581
Dec 20243,7797,92168.993.12$285,438
Nov 20242,6295,89369.052.20$194,488
Oct 20243,5317,78071.372.28$269,757
Sep 20244,6594,90169.612.36$335,901
Aug 20244,9387,29175.632.06$388,507
Jul 20245,0747,79479.932.15$422,295
Jun 20245,0746,02478.082.63$412,045
May 20243,511078.812.20$276,702
Apr 20243,8346,96584.451.66$335,338
Mar 20245,77311,91680.301.55$481,984
Feb 20245,3617,46776.091.78$421,237
Jan 20243,6775,62273.023.30$287,034
Dec 20232,6544,62671.262.61$201,201
Nov 20234,1139,44077.892.81$346,865
Oct 20234,2545,70085.443.09$381,059
Sep 20233,7677,73689.042.74$356,572
Aug 20234,28711,81580.522.67$376,769
Jul 20235,49216,27174.852.64$454,061
Jun 20234,0588,70668.962.26$299,502
May 20233,4146,73070.622.23$256,087
Apr 20234,39011,07878.122.24$367,737
Mar 20235,01211,54172.852.39$392,744
Feb 20234,8719,31975.112.47$388,838
Jan 20235,7789,90676.533.39$475,749
Dec 20224,00311,79476.415.73$373,438
Nov 20224,48916,13785.005.65$472,678
Oct 20225,72820,24887.185.86$618,096
Sep 20225,12310,60584.888.16$521,416
Aug 20224,82318,69394.529.13$626,484
Jul 20226,17519,592101.587.54$775,021
Jun 20224,42213,412115.097.98$615,918
May 20226,39118,333109.378.43$853,587
Apr 20225,69715,314104.226.84$698,452
Mar 20225,82916,617108.885.08$719,016
Feb 20224,39414,99091.054.86$472,908
Jan 20225,25315,45181.844.54$500,017
Dec 20216,04116,07971.323.90$493,538
Nov 20215,11417,76977.435.24$489,031
Oct 20216,62918,98779.795.71$637,417
Sep 20216,60127,29969.865.35$607,221
Aug 20216,91626,30266.024.22$567,604
Jul 20216,94423,65170.783.98$585,676
Jun 20217,11220,15569.493.38$562,349
May 20218,38829,82963.483.02$622,484
Apr 20216,26215,35760.362.76$420,335
Mar 20219,29415,20661.302.72$611,036
Feb 20214,4937,94757.805.55$303,785
Jan 20217,07232,14550.412.81$446,836
Dec 20207,98715,95844.642.68$399,235
Nov 20208,74020,50438.772.71$394,345
Oct 20209,48420,20536.972.48$400,700
Sep 20209,00326,41237.091.99$386,509
Aug 202010,31028,63839.982.39$480,498
Jul 20209,96326,05338.371.83$429,830
Jun 202010,67426,12334.901.69$416,679
May 202010,54225,62216.921.81$224,868
Apr 202011,71122,35214.751.80$213,069
Mar 202013,12026,29830.341.86$446,876
Feb 202012,90927,99049.881.98$699,340
Jan 202013,44129,33357.252.09$830,942
Dec 201914,57732,31559.012.30$934,654
Nov 201910,85724,21055.302.75$666,987
Oct 20199,36919,90453.472.42$549,099
Sep 20195,35114,63555.052.66$333,462
Aug 201911,36724,47453.112.30$660,098
Jul 201910,88426,39056.272.46$677,364
Jun 201911,82826,90052.782.49$691,295
May 201911,32829,12358.482.74$742,268
Apr 201913,41125,60162.632.75$910,352
Mar 201911,06018,69156.803.06$685,442
Feb 201912,50618,19350.852.79$686,729
Jan 20199,31322,44846.033.23$501,144
Dec 201813,28823,61146.594.19$717,910
Nov 201814,95325,65152.934.24$900,152
Oct 201818,69126,64661.443.40$1,238,920
Sep 201819,56730,56859.543.11$1,260,025
Aug 201821,17541,59159.403.07$1,385,336
Jul 201821,82948,71765.142.93$1,564,773
Jun 201821,83945,98960.183.08$1,455,775
May 201812,06744,58765.382.90$918,278
Apr 201823,73643,84163.842.90$1,642,480
Mar 201822,36542,26961.222.79$1,486,982
Feb 201821,63940,91361.782.77$1,450,028
Jan 201821,85141,17362.874.01$1,538,848
Dec 201728,07650,06957.272.92$1,754,190
Nov 201731,51451,96755.423.12$1,908,558
Oct 201737,62364,15049.292.98$2,045,841
Sep 201738,53962,45247.523.09$2,024,180
Aug 201734,73055,43445.373.00$1,742,246
Jul 201731,33733,89743.873.09$1,479,404
Jun 201730,43651,62142.493.09$1,452,594
May 201728,24947,65245.373.26$1,437,165
Apr 201715,00329,93547.933.21$815,233
Mar 201717,50532,91946.772.98$916,929
Feb 201716,51655650.452.95$834,874
Jan 201719,49535,55149.413.42$1,084,790
Dec 201621,31234,25048.763.72$1,166,680
Nov 201622,89744,53842.492.64$1,090,668
Oct 201615,37421,82246.193.09$777,561

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
Oil                2,064 bbl  × $106.41 =   $219,630
Casinghead gas       961 Mcf  × $  3.05 =     $2,927

────────────────────────────────────────────────────
Month total                                 $222,557

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/O/48467 is the state's own key, not one this site invented.