BULLHEAD 55-2-7 LOV

Operated by PDEH LLC (P-5 646827) 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 48809District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$53.8 M
Feb 2017 – May 2026
Value, last 12 filed months
$4.3 M
at the published price for each month
Months reported
112
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition783,577 bbl$45,735,491
Casinghead gasProduction2,514,754 Mcf$8,064,273
Total$53,799,764

Wells on this lease (4)

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 31.8548, -103.7971. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.85478, -103.79725 · 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
25.0%
1 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
10,767 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
125.0%
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.
375.0%

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 10,619 and 10,880 ft, median 10,767 ft, over the 4 wells that filed a depth.

Completions filed
Sep 2017 – Jan 2020
4 of 4 wells

4 wells

42-301345595H10,687 ftJan 2020
42-301345604H10,880 ftJan 2020
42-301345616H10,846 ftJan 2020
42-301330911H10,619 ftSep 2017Yes

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 (112)

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

112 months

May 20263,29812,058106.413.05$387,667
Apr 20263,97112,49898.932.87$428,717
Mar 20263,83813,08589.753.15$385,671
Feb 20264,12414,62463.503.75$316,719
Jan 20263,66713,80059.138.00$327,201
Dec 20254,96718,72456.664.41$364,066
Nov 20254,67817,22058.593.93$341,697
Oct 20254,64615,64659.383.30$327,587
Sep 20254,46614,27962.743.08$324,132
Aug 20255,03318,41963.933.01$377,289
Jul 20254,66915,85566.743.32$364,172
Jun 20254,49815,44966.483.13$347,363
May 20253,28910,86060.553.23$234,252
Apr 20254,73215,81562.363.54$351,122
Mar 20251,8516,68467.704.27$153,842
Feb 20254,95616,31170.884.34$422,085
Jan 20254,32014,41474.324.28$382,735
Dec 20244,83815,57768.993.12$382,395
Nov 20243,1729,95869.052.20$240,919
Oct 20245,52317,54671.372.28$434,206
Sep 20244,60914,74769.612.36$355,700
Aug 20244,13013,02975.632.06$339,239
Jul 20243,22110,36279.932.15$279,698
Jun 20245,26419,04478.082.63$461,175
May 20245,84420,10178.812.20$504,756
Apr 20245,15717,93184.451.66$465,260
Mar 20246,16320,89080.301.55$527,167
Feb 20245,85118,33676.091.78$477,907
Jan 20245,41317,99573.023.30$454,599
Dec 20235,54618,37771.262.61$443,185
Nov 20235,56817,88177.892.81$483,894
Oct 20235,66518,42985.443.09$540,913
Sep 20234,15013,92789.042.74$407,607
Aug 20234,44413,52280.522.67$393,974
Jul 20234,39913,58674.852.64$365,157
Jun 20234,67114,43968.962.26$354,722
May 20236,71123,11470.622.23$525,415
Apr 20235,74618,58678.122.24$490,469
Mar 20234,37413,00072.852.39$349,757
Feb 20235,72718,33475.112.47$475,361
Jan 20236,13120,06076.533.39$537,163
Dec 20226,48922,29176.415.73$623,531
Nov 20225,95020,82685.005.65$623,338
Oct 20229,04031,34887.185.86$971,924
Sep 20228,57429,20484.888.16$966,173
Aug 20228,18627,51194.529.13$1,024,838
Jul 20228,29229,865101.587.54$1,067,546
Jun 20228,24728,930115.097.98$1,179,928
May 20228,92830,120109.378.43$1,230,459
Apr 20228,15425,609104.226.84$1,024,914
Mar 20228,21627,001108.885.08$1,031,626
Feb 20226,88621,17691.054.86$729,861
Jan 20227,89324,46981.844.54$756,996
Dec 20219,54231,35871.323.90$802,804
Nov 202111,02633,75977.435.24$1,030,534
Oct 20219,27431,46779.795.71$919,771
Sep 20218,92429,89169.865.35$783,375
Aug 202111,60440,92966.024.22$938,841
Jul 202112,09439,76970.783.98$1,014,377
Jun 202110,14733,65969.493.38$818,903
May 202112,37642,40663.483.02$913,596
Apr 202113,01744,89860.362.76$909,554
Mar 202115,38146,39961.302.72$1,068,919
Feb 202111,03534,27657.805.55$827,985
Jan 202115,43047,61050.412.81$911,623
Dec 202017,28951,30644.642.68$909,048
Nov 202015,18049,60038.772.71$722,774
Oct 202015,72850,89236.972.48$707,596
Sep 202018,21958,84637.091.99$792,907
Aug 202020,60368,09839.982.39$986,128
Jul 202022,25373,83938.371.83$988,613
Jun 202025,74285,67634.901.69$1,043,215
May 202031,226102,12416.921.81$713,673
Apr 202036,838118,49114.751.80$757,163
Mar 202047,110149,95030.341.86$1,707,659
Feb 202059,371196,00649.881.98$3,349,649
Jan 202045,99390,64357.252.09$2,822,973
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0

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                3,298 bbl  × $106.41 =   $350,940
Casinghead gas    12,058 Mcf  × $  3.05 =    $36,727

────────────────────────────────────────────────────
Month total                                 $387,667

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/48809 is the state's own key, not one this site invented.