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CAMPBELL

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the KEYSTONE (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 48651District 08Field 49129858OilCasinghead gasSaveExport
Value, all time
$25.2 M
Sep 2016 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
117
no gaps in the span
Streams
2
oil, casinghead gas

The KEYSTONE (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 38 leases and 68 wells, and the rule below applies to all of them.

Discovered
1966-11-16
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 10 acres. The field rule took effect on 2025-03-26.

The Commission's schedule remark for this field reads: “& SWR13(B)(4)(A).”

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
OilDisposition335,812 bbl$20,480,859
Casinghead gasProduction1,481,485 Mcf$4,763,634
Total$25,244,493

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 31.8642, -103.0299. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.86417, -103.02992 · 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
7,566 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 7,548 and 7,584 ft, median 7,566 ft, over the 2 wells that filed a depth.

Completions filed
Sep 2016 – Sep 2018
2 of 2 wells

2 wells

42-495341546H7,584 ftSep 2018——
42-495337255H7,548 ftSep 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 (117)

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

117 months

May 20261,3948,499106.413.05$174,222
Apr 20261,1218,19198.932.87$134,406
Mar 20261,4126,46189.753.15$147,076
Feb 20266976,09863.503.75$67,129
Jan 20269236,95659.138.00$110,211
Dec 20251,1469,86256.664.41$108,457
Nov 20251,2638,03058.593.93$105,528
Oct 20259374,96859.383.30$72,058
Sep 20251,1364,91962.743.08$86,408
Aug 20251,2519,90463.933.01$109,835
Jul 20251,18814,72966.743.32$128,117
Jun 20251,70812,93566.483.13$154,018
May 20252,08915,66060.553.23$177,107
Apr 20252,11815,49662.363.54$186,983
Mar 20252,15017,29167.704.27$219,359
Feb 20252,37118,11570.884.34$246,691
Jan 20252,01516,87274.324.28$221,945
Dec 20242,78919,04568.993.12$251,860
Nov 20242,20418,55569.052.20$192,978
Oct 20241,89219,46171.372.28$179,430
Sep 20242,51120,52269.612.36$223,312
Aug 20242,14917,73375.632.06$199,123
Jul 20242,37717,08679.932.15$226,670
Jun 20242,12217,07678.082.63$210,664
May 20242,34317,60678.812.20$223,358
Apr 20241,52613,14184.451.66$150,674
Mar 20242,16315,66880.301.55$197,898
Feb 20242,91717,43476.091.78$253,051
Jan 20241,56517,27773.023.30$171,250
Dec 20232,30519,42871.262.61$214,975
Nov 20232,23318,00177.892.81$224,467
Oct 20232,24616,27285.443.09$242,134
Sep 20232,19417,95189.042.74$244,450
Aug 20232,16318,45980.522.67$223,503
Jul 20231,89520,36674.852.64$195,644
Jun 20232,20718,29268.962.26$193,507
May 20232,18319,39370.622.23$197,359
Apr 20232,20819,38378.122.24$215,863
Mar 20232,19419,96372.852.39$207,608
Feb 20232,11616,25575.112.47$199,012
Jan 20232,07820,68276.533.39$229,094
Dec 20222,83721,29276.415.73$338,759
Nov 20222,04618,91585.005.65$280,708
Oct 20223,14716,89087.185.86$373,394
Sep 20221,90816,97984.888.16$300,562
Aug 20222,41215,22594.529.13$366,943
Jul 20222,1440101.587.54$217,788
Jun 20221,1950115.097.98$137,533
May 20222,2300109.378.43$243,895
Apr 20221,9690104.226.84$205,209
Mar 20222,76814,847108.885.08$376,749
Feb 20222,72816,76991.054.86$329,862
Jan 20222,72816,76981.844.54$299,352
Dec 20212,64520,11871.323.90$267,084
Nov 20212,530077.435.24$195,898
Oct 20212,57520,70579.795.71$323,765
Sep 20212,6452,14069.865.35$196,231
Aug 20213,561066.024.22$235,097
Jul 20212,34011,96070.783.98$213,251
Jun 20212,88112,76869.493.38$243,364
May 20212,11710,29263.483.02$165,445
Apr 20212,4378,75260.362.76$171,239
Mar 20212,7008,40261.302.72$188,338
Feb 20216454,32657.805.55$61,281
Jan 20212,3138,27050.412.81$139,839
Dec 20201,7555,62644.642.68$93,395
Nov 20201,9595,76038.772.71$91,540
Oct 20201,6284,75336.972.48$71,967
Sep 20201,7546,03437.091.99$77,070
Aug 20201,8516,91239.982.39$90,489
Jul 20201,5696,53238.371.83$72,124
Jun 20202,1606,56034.901.69$86,472
May 20201,6005,50616.921.81$37,064
Apr 20201,4368,84414.751.80$37,139
Mar 20202,45219,62330.341.86$110,818
Feb 20203,28717,16849.881.98$197,960
Jan 20203,32214,91757.252.09$221,432
Dec 20193,50619,98059.012.30$252,930
Nov 20192,85718,96255.302.75$210,151
Oct 20193,91020,99253.472.42$259,838
Sep 20192,06920,44355.052.66$168,221
Aug 20191,90614,76653.112.30$135,254
Jul 201980021,37356.272.46$97,595
Jun 20194,06224,36152.782.49$275,080
May 20193,10522,95258.482.74$244,476
Apr 20194,62223,56362.632.75$354,291
Mar 20193,63010,65956.803.06$238,823
Feb 20193,90414,94250.852.79$240,240
Jan 20194,25719,97846.033.23$260,442
Dec 20184,97125,87546.594.19$339,897
Nov 20183,2096,65152.934.24$198,034
Oct 20182,8119,54261.443.40$205,132
Sep 20183,69114,08459.543.11$263,535
Aug 20182,65612,93759.403.07$197,438
Jul 20183,46315,11965.142.93$269,907
Jun 20183,87810,38860.183.08$265,341
May 20183,86913,25965.382.90$291,417
Apr 20184,08410,65263.842.90$291,622
Mar 20183,23710,54161.222.79$227,545
Feb 20182,1595,91661.782.77$149,747
Jan 20184,26610,43262.874.01$310,029
Dec 20174,4398,51157.272.92$279,087
Nov 20174,70613,97655.423.12$304,389
Oct 20174,5036,18249.292.98$240,398
Sep 20173,9818,59447.523.09$215,709
Aug 20175,67210,99945.373.00$290,384
Jul 20174,4194,67443.873.09$208,291
Jun 20175,79920,72542.493.09$310,383
May 20176,14515,23645.373.26$328,520
Apr 20176,13916,12247.933.21$346,020
Mar 20177,78013,68546.772.98$404,702
Feb 20177,04610,72550.452.95$387,137
Jan 20179,792049.413.42$483,823
Dec 20168,205048.763.72$400,076
Nov 20168,400042.492.64$356,916
Oct 20166,250046.193.09$288,688
Sep 20161,841041.553.10$76,494

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                1,394 bbl  × $106.41 =   $148,336
Casinghead gas     8,499 Mcf  × $  3.05 =    $25,887

────────────────────────────────────────────────────
Month total                                 $174,222

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/48651 is the state's own key, not one this site invented.