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STATE-JUDGE 48-3 WS II

Operated by CIRCLE-S ENERGY, LLC (P-5 100703) 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 50408District 08Field 71052900OilCasinghead gasSave
Value, all time
$33.1 M
Jul 2018 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
95
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
OilDisposition490,124 bbl$29,674,788
Casinghead gasProduction1,074,783 Mcf$3,461,566
Total$33,136,354

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 31.7524, -103.5105. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75237, -103.51046 · 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
11,660 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 11,660 ft.

Completions filed
Feb 2019
1 of 1 wells

1 well

42-301337412H11,660 ftFeb 2019——

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 (95)

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

95 months

May 20269573,080106.413.05$111,216
Apr 20261,1414,02498.932.87$124,427
Mar 20261,0853,32789.753.15$107,857
Feb 20261,0233,61263.503.75$78,507
Jan 20267293,30659.138.00$69,547
Dec 20256113,66356.664.41$50,785
Nov 20256793,26858.593.93$52,614
Oct 20251,6745,82159.383.30$118,640
Sep 20251,6174,28462.743.08$114,632
Aug 20251,5283,82363.933.01$109,210
Jul 20251,0421,61866.743.32$74,907
Jun 20251,0931,46166.483.13$77,234
May 20259201,38460.553.23$60,180
Apr 202521062.363.54$1,310
Mar 202531,19067.704.27$5,282
Feb 20250070.884.34$0
Jan 20251501974.324.28$11,229
Dec 20240068.993.12$0
Nov 2024274769.052.20$1,968
Oct 20249653,42671.372.28$76,688
Sep 20242,1955,77869.612.36$166,455
Aug 20241,7484,81075.632.06$142,127
Jul 20242,4417,43279.932.15$211,063
Jun 20242,1908,04678.082.63$192,188
May 20242,1557,19578.812.20$185,653
Apr 20241,6994,21284.451.66$150,469
Mar 20241,9244,45380.301.55$161,378
Feb 20242,2157,04676.091.78$181,107
Jan 20242,4506,92273.023.30$201,725
Dec 20232,4096,65471.262.61$189,037
Nov 20231,8585,79177.892.81$160,978
Oct 20232,4036,77085.443.09$226,213
Sep 20232,3195,55489.042.74$221,674
Aug 20231,9835,35080.522.67$173,971
Jul 20232,5698,21574.852.64$213,992
Jun 20231,6266,12968.962.26$125,971
May 20232,63710,24370.622.23$209,040
Apr 20232,50410,81178.122.24$219,805
Mar 20232,97410,03872.852.39$240,678
Feb 20232,4788,43075.112.47$206,908
Jan 20232,6088,73476.533.39$229,179
Dec 20222,8698,56776.415.73$268,301
Nov 20223,1569,52885.005.65$322,057
Oct 20223,5968,94087.185.86$365,921
Sep 20223,7609,52284.888.16$396,883
Aug 20223,5759,33894.529.13$423,138
Jul 20223,7599,416101.587.54$452,855
Jun 20223,9469,246115.097.98$527,902
May 20224,1139,521109.378.43$530,130
Apr 20224,2159,781104.226.84$506,166
Mar 20224,33410,843108.885.08$526,929
Feb 20224,22310,64991.054.86$436,246
Jan 20224,80411,94281.844.54$447,348
Dec 20214,83610,17571.323.90$384,577
Nov 20215,02311,40677.435.24$448,662
Oct 20215,35113,81979.795.71$505,916
Sep 20215,55513,39469.865.35$459,743
Aug 20216,17713,96266.024.22$466,733
Jul 20215471,28670.783.98$43,838
Jun 20218621,68769.493.38$65,603
May 20215,95913,08463.483.02$417,761
Apr 20217,12414,85760.362.76$470,986
Mar 20217,85915,85061.302.72$524,820
Feb 20215,0329,76457.805.55$345,020
Jan 20218,99917,66450.412.81$503,280
Dec 202010,37419,28644.642.68$514,694
Nov 202010,40118,79238.772.71$454,109
Oct 202011,27319,25436.972.48$464,483
Sep 202013,36424,23237.091.99$543,918
Aug 202015,09028,62639.982.39$671,574
Jul 20207,26112,51038.371.83$301,437
Jun 20200034.901.69$0
May 20200916.921.81$16
Apr 2020103014.751.80$1,519
Mar 20208,33516,39130.341.86$283,309
Feb 20202,3834,64649.881.98$128,066
Jan 20200057.252.09$0
Dec 2019353059.012.30$20,831
Nov 201917,00837,00855.302.75$1,042,340
Oct 201921,46340,64153.472.42$1,245,918
Sep 201924,57148,04555.052.66$1,480,303
Aug 201926,27352,76353.112.30$1,516,944
Jul 201922,92545,92556.272.46$1,402,968
Jun 201924,42248,13752.782.49$1,408,912
May 201929,60764,01458.482.74$1,906,836
Apr 201929,81661,28862.632.75$2,035,961
Mar 201932,11264,64056.803.06$2,021,896
Feb 201910,66618,36950.852.79$593,656
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

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                  957 bbl  × $106.41 =   $101,834
Casinghead gas     3,080 Mcf  × $  3.05 =     $9,381

────────────────────────────────────────────────────
Month total                                 $111,216

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/50408 is the state's own key, not one this site invented.