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Z&T 32

Operated by LRR PECOS VALLEY, LLC (P-5 511724) 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 50148District 08Field 71052900OilCasinghead gasSave
Value, all time
$29.4 M
Feb 2018 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
100
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
OilDisposition406,621 bbl$24,229,615
Casinghead gasProduction1,445,836 Mcf$5,154,747
Total$29,384,362

Wells on this lease (6)

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 31.9131, -103.6764. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.91310, -103.67640 · 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
83.3%
5 of 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
11,839 ft
6 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
583.3%
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.
116.7%

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 11,772 and 11,904 ft, median 11,839 ft, over the 6 wells that filed a depth.

Completions filed
Nov 2018 – May 2019
6 of 6 wells

6 wells

42-30134126G00311,904 ftMay 2019—Yes
42-30134125F00211,843 ftMay 2019——
42-30134124E00111,831 ftApr 2019—Yes
42-30133682A00111,772 ftNov 2018—Yes
42-30133684B00311,860 ftNov 2018—Yes
42-30133686C00111,835 ftNov 2018—Yes

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 (100)

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

100 months

May 20261,0545,832106.413.05$129,919
Apr 20269266,80198.932.87$111,126
Mar 20269726,10489.753.15$106,461
Feb 20268795,00363.503.75$74,579
Jan 20269755,75259.138.00$103,656
Dec 20251,0295,02156.664.41$80,463
Nov 20251,0037,32458.593.93$87,523
Oct 20251,1127,86859.383.30$92,033
Sep 20256486,64262.743.08$61,092
Aug 20258197,71863.933.01$75,627
Jul 20259868,75666.743.32$94,834
Jun 20257679,02566.483.13$79,227
May 202582511,59060.553.23$87,416
Apr 20259185,78862.363.54$77,754
Mar 20258909,62067.704.27$101,314
Feb 20259397,99170.884.34$101,244
Jan 20251,1408,17674.324.28$119,707
Dec 20249977,32668.993.12$91,650
Nov 20241,1047,15269.052.20$91,954
Oct 20241,0447,29171.372.28$91,144
Sep 20241,1706,62069.612.36$97,096
Aug 20248888,47775.632.06$84,653
Jul 20241,1279,29279.932.15$110,027
Jun 20241,1918,06678.082.63$114,239
May 20241,5109,96678.812.20$140,913
Apr 20241,7534,87284.451.66$156,124
Mar 20241,3795,13780.301.55$118,671
Feb 20241,3482,60776.091.78$107,219
Jan 20241,3583,15073.023.30$109,549
Dec 20231,4508,10071.262.61$124,474
Nov 20231,3488,69677.892.81$129,410
Oct 20231,3613,92685.443.09$128,405
Sep 20231,6485,57589.042.74$161,986
Aug 20231,7236,27580.522.67$155,508
Jul 20231,77313,35974.852.64$168,001
Jun 20231,7037,02868.962.26$133,311
May 20231,78911,24970.622.23$151,395
Apr 20232,00711,50578.122.24$182,532
Mar 20232,03811,62872.852.39$176,296
Feb 20231,79410,14875.112.47$159,769
Jan 20232,46412,16576.533.39$229,782
Dec 20222,46912,55576.415.73$260,585
Nov 20221,97112,24985.005.65$236,695
Oct 20222,16112,65787.185.86$262,614
Sep 20222,19613,70184.888.16$298,247
Aug 20222,34211,26194.529.13$324,147
Jul 20221,81424,457101.587.54$368,723
Jun 20222,21829,316115.097.98$489,129
May 20222,54330,865109.378.43$538,414
Apr 20222,20612,968104.226.84$318,579
Mar 20222,32032,866108.885.08$419,443
Feb 20222,2089,00191.054.86$244,773
Jan 202222,990106,24781.844.54$2,363,616
Dec 20213,89024,49271.323.90$372,932
Nov 20213,6826,21577.435.24$317,644
Oct 20213,11613,28779.795.71$324,546
Sep 20212,56015,01169.865.35$259,164
Aug 20212,74615,04766.024.22$244,798
Jul 20212,34815,20770.783.98$226,747
Jun 20213,35012,09869.493.38$273,690
May 20216,14714,40063.483.02$433,666
Apr 202164650060.362.76$40,372
Mar 20210061.302.72$0
Feb 20212,6435,80357.805.55$184,960
Jan 20215812,78150.412.81$37,104
Dec 20207063,96844.642.68$42,132
Nov 20200038.772.71$0
Oct 202017415336.972.48$6,812
Sep 20204,65311,02537.091.99$194,531
Aug 20205,62614,89539.982.39$260,454
Jul 20205,90613,08238.371.83$250,489
Jun 20205,8665,14734.901.69$213,423
May 20205,86017,38116.921.81$130,693
Apr 20204,96115,52914.751.80$101,195
Mar 20209,21623,29430.341.86$322,852
Feb 20208,74622,31949.881.98$480,457
Jan 20209,57923,87857.252.09$598,416
Dec 201910,43724,68259.012.30$672,764
Nov 201910,27322,37255.302.75$629,636
Oct 201912,55235,44753.472.42$756,885
Sep 201913,01240,05355.052.66$822,743
Aug 201915,27841,02953.112.30$905,960
Jul 201917,54639,88556.272.46$1,085,433
Jun 201917,79042,58052.782.49$1,045,032
May 201919,00152,64058.482.74$1,255,429
Apr 201920,01750,59462.632.75$1,392,834
Mar 201923,25855,72456.803.06$1,491,687
Feb 201923,49861,93250.852.79$1,367,801
Jan 201931,67080,62246.033.23$1,718,032
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

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                1,054 bbl  × $106.41 =   $112,156
Casinghead gas     5,832 Mcf  × $  3.05 =    $17,763

────────────────────────────────────────────────────
Month total                                 $129,919

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/50148 is the state's own key, not one this site invented.