ARGENTINE 71

Operated by PDC PERMIAN, INC. (P-5 646832) 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 48782District 08Field 71052900OilCasinghead gasSave
Value, all time
$31.5 M
Dec 2016 – May 2026
Value, last 12 filed months
$996 k
at the published price for each month
Months reported
114
no gaps in the span
Streams
2
oil, casinghead 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
OilDisposition489,423 bbl$27,195,839
Casinghead gasProduction1,387,494 Mcf$4,301,508
Total$31,497,347

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 31.4377, -103.5374. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.43772, -103.53744 · 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
10,459 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 10,459 ft.

Completions filed
Dec 2016
1 of 1 wells

1 well

42-389352651H10,459 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 (114)

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

114 months

May 20261,1614,726106.413.05$137,937
Apr 20261,1593,23198.932.87$123,932
Mar 20269313,53089.753.15$94,675
Feb 20269582,27463.503.75$69,361
Jan 20265731,52159.138.00$46,046
Dec 20251,3343,09556.664.41$89,244
Nov 20253691,67558.593.93$28,197
Oct 20259201,51659.383.30$59,640
Sep 20251,2882,56962.743.08$88,714
Aug 20251,0912,75963.933.01$78,065
Jul 20259473,14866.743.32$73,639
Jun 20251,4882,56766.483.13$106,954
May 20259544,00460.553.23$70,707
Apr 20251,1422,60062.363.54$80,427
Mar 20251,1635,04167.704.27$100,252
Feb 20251,5054,61770.884.34$126,716
Jan 20251,1363,54674.324.28$99,600
Dec 20241,3312,88868.993.12$100,840
Nov 20241,14286269.052.20$80,750
Oct 20241,4912,64971.372.28$112,456
Sep 20249363,51069.612.36$73,454
Aug 20241,4963,09575.632.06$119,529
Jul 20241,6774,08979.932.15$142,820
Jun 20241,1023,70878.082.63$95,811
May 20241,4614,24278.812.20$124,467
Apr 20241,2863,60284.451.66$114,579
Mar 20241,4974,25280.301.55$126,779
Feb 20241,5184,63876.091.78$123,777
Jan 20241,8965,42373.023.30$156,329
Dec 20231,4875,05071.262.61$119,148
Nov 20231,3334,03177.892.81$115,145
Oct 20231,6845,36785.443.09$160,450
Sep 20231,6834,78889.042.74$162,950
Aug 20231,8324,97280.522.67$160,802
Jul 20231,6743,95074.852.64$135,734
Jun 20232,2213,19768.962.26$160,381
May 2023562570.622.23$39,700
Apr 2023567578.122.24$44,305
Mar 20231,1341372.852.39$82,643
Feb 20231,33960675.112.47$102,066
Jan 20231,3501,87176.533.39$109,654
Dec 20221,3131,73976.415.73$110,289
Nov 20221,2902,29285.005.65$122,591
Oct 20221,7803,09387.185.86$173,317
Sep 20221,5713,01484.888.16$157,952
Aug 20221,5513,04694.529.13$174,402
Jul 20221,7242,280101.587.54$192,320
Jun 20221,5501,902115.097.98$193,562
May 20221,7281,752109.378.43$203,766
Apr 20221,3881,680104.226.84$156,145
Mar 20221,245699108.885.08$139,104
Feb 20225501,02991.054.86$55,077
Jan 20222,8705,23581.844.54$258,636
Dec 20212,1294,88971.323.90$170,903
Nov 20212,6574,70277.435.24$230,355
Oct 20212,2853,33679.795.71$201,382
Sep 20212,1883,23969.865.35$170,185
Aug 20212,7333,24766.024.22$194,137
Jul 20211,9042,80570.783.98$145,935
Jun 20211,2111,39269.493.38$88,858
May 20213,1127,92363.483.02$221,459
Apr 20213,1198,08260.362.76$210,556
Mar 20213,1126,73261.302.72$209,056
Feb 20212,5725,28957.805.55$178,005
Jan 20213,2928,42650.412.81$189,629
Dec 20203,6249,89344.642.68$188,244
Nov 20203,1089,81538.772.71$147,062
Oct 20203,60210,65336.972.48$159,569
Sep 20203,52210,15837.091.99$150,856
Aug 20203,33011,90839.982.39$161,535
Jul 20203,67410,72338.371.83$160,542
Jun 20203,5869,29834.901.69$140,868
May 20203,97114,59616.921.81$93,677
Apr 20203,55010,94414.751.80$72,110
Mar 20203,69712,69630.341.86$135,734
Feb 20203,34411,02549.881.98$188,636
Jan 20204,43013,69257.252.09$282,299
Dec 20194,59714,54859.012.30$304,793
Nov 20193,69412,38655.302.75$238,348
Oct 20194,61812,37853.472.42$276,861
Sep 20194,31411,62755.052.66$268,382
Aug 20194,71711,27153.112.30$276,492
Jul 20194,58410,92656.272.46$284,820
Jun 20194,9639,59952.782.49$285,860
May 20194,78910,72858.482.74$309,459
Apr 20195,8655,43562.632.75$382,275
Mar 201961660756.803.06$36,847
Feb 20192,0285,64550.852.79$118,886
Jan 20196,26520,49646.033.23$354,543
Dec 20184,81121,98946.594.19$316,178
Nov 20186,47821,67052.934.24$434,702
Oct 20186,07522,58861.443.40$450,004
Sep 20186,00022,24159.543.11$426,365
Aug 20186,31023,33959.403.07$446,384
Jul 20186,73724,88965.142.93$511,820
Jun 20187,09425,25460.183.08$504,621
May 20188,03627,71365.382.90$605,784
Apr 20186,98426,98563.842.90$524,137
Mar 20188,32228,42161.222.79$588,678
Feb 20188,74225,36061.782.77$610,230
Jan 20189,02429,88462.874.01$687,153
Dec 20179,93332,93057.272.92$665,069
Nov 20179,98333,53855.423.12$657,841
Oct 201711,55634,91649.292.98$673,773
Sep 201711,74741,24947.523.09$685,565
Aug 201712,34742,35445.373.00$687,432
Jul 201714,53244,79343.873.09$775,807
Jun 201715,51749,49042.493.09$812,107
May 201719,65657,74145.373.26$1,080,225
Apr 201719,20554,53947.933.21$1,095,653
Mar 201724,95368,18746.772.98$1,370,500
Feb 201723,33860,73750.452.95$1,356,734
Jan 201726,97163,03349.413.42$1,548,134
Dec 20169,89225,55248.763.72$577,460

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                1,161 bbl  × $106.41 =   $123,542
Casinghead gas     4,726 Mcf  × $  3.05 =    $14,395

────────────────────────────────────────────────────
Month total                                 $137,937

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/48782 is the state's own key, not one this site invented.