HANGING H STATE 70

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 50458District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$13.2 M
May 2018 – May 2026
Value, last 12 filed months
$784 k
at the published price for each month
Months reported
97
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
OilDisposition181,059 bbl$11,112,808
Casinghead gasProduction683,944 Mcf$2,114,441
Total$13,227,249

Wells on this lease (3)

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 31.4417, -103.5317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

31.44035, -103.53144 · 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
66.7%
2 of 3 wells
With a plug date
66.7%
2 of 3 wells
Median depth
11,430 ft
3 wells filed one
Completion to plug
6.1 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
266.7%
A plug date is filed
266.7%
BothOn the schedule and plugged. Neither fact cancels the other.
266.7%
NeitherNo plug date, and not on the schedule.
133.3%

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 10,390 and 11,775 ft, median 11,430 ft, over the 3 wells that filed a depth.

Completions filed
Mar 2013 – Aug 2016
3 of 3 wells
Plug dates filed
Oct 2019
2 of 3 wells; 1 filed none

Last completion to plug: a median of 6.1 years across the 2 wells that filed both dates, with the middle half between 5.8 years and 6.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-389343873H10,390 ftAug 2016
42-38934101211,430 ftApr 2014Oct 2019Yes
42-38933473111,775 ftMar 2013Oct 2019Yes

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 (97)

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

97 months

May 20267533,523106.413.05$90,857
Apr 20269592,22198.932.87$101,248
Mar 20261,1061,90789.753.15$105,269
Feb 20263971,87563.503.75$32,241
Jan 20260059.138.00$0
Dec 202538320156.664.41$22,588
Nov 20255193,05858.593.93$42,415
Oct 20251,2644,02859.383.30$88,368
Sep 20257173,46962.743.08$55,658
Aug 20251,1154,21063.933.01$83,974
Jul 20259224,15866.743.32$75,319
Jun 20251,1013,97466.483.13$85,628
May 20259383,31260.553.23$67,501
Apr 20258933,16162.363.54$66,887
Mar 20251,1324,58167.704.27$96,190
Feb 20257881,64370.884.34$62,985
Jan 20257561,79274.324.28$63,853
Dec 20249431,72168.993.12$70,429
Nov 20247491,16869.052.20$54,286
Oct 20249281,15971.372.28$68,876
Sep 20247501,72669.612.36$56,288
Aug 20247381,53775.632.06$58,987
Jul 20249321,81879.932.15$78,397
Jun 20245621,05478.082.63$46,657
May 20249391,97078.812.20$78,334
Apr 202473960984.451.66$63,419
Mar 20241,1251,28880.301.55$92,328
Feb 20247631,29676.091.78$60,368
Jan 202495083473.023.30$72,119
Dec 202375772571.262.61$55,837
Nov 20239501,06977.892.81$76,997
Oct 202356396385.443.09$51,076
Sep 20239221,84889.042.74$87,149
Aug 20231,1032,82680.522.67$96,367
Jul 20231,2732,83974.852.64$102,784
Jun 20231,1212,66668.962.26$83,325
May 20239322,01570.622.23$70,306
Apr 20239682,07078.122.24$80,252
Mar 20239212,15072.852.39$72,240
Feb 20239451,82075.112.47$75,466
Jan 202395297276.533.39$76,149
Dec 20229291,52876.415.73$79,739
Nov 20229271,53385.005.65$87,451
Oct 20221,0201,48887.185.86$97,649
Sep 20221,1781,78384.888.16$114,544
Aug 20229971,62194.529.13$109,032
Jul 20221,1951,906101.587.54$135,763
Jun 20221,0391,863115.097.98$134,440
May 20221,0391,741109.378.43$128,317
Apr 20221,6462,167104.226.84$186,363
Mar 20221,4042,541108.885.08$165,767
Feb 20225541,12891.054.86$55,922
Jan 20221,6185,14981.844.54$155,782
Dec 20211,5584,97471.323.90$130,511
Nov 20211,7405,72177.435.24$164,688
Oct 20211,7545,90179.795.71$173,669
Sep 20211,9555,39969.865.35$165,466
Aug 20212,0764,92266.024.22$157,831
Jul 20212,2466,21570.783.98$183,721
Jun 20212,0724,26069.493.38$158,385
May 20212,2785,64663.483.02$161,645
Apr 20211,5295,67860.362.76$107,953
Mar 20212,0715,70661.302.72$142,455
Feb 20211,2013,94957.805.55$91,327
Jan 20211,5614,72150.412.81$91,957
Dec 20202,2406,74444.642.68$118,037
Nov 20201,8836,67038.772.71$91,057
Oct 20202,0696,32536.972.48$92,167
Sep 20202,1978,60637.091.99$98,622
Aug 20202,3989,34139.982.39$118,151
Jul 20202,1669,75138.371.83$100,906
Jun 20202,4158,94234.901.69$99,398
May 20202,60810,51316.921.81$63,206
Apr 20202,24810,67614.751.80$52,422
Mar 20202,59310,87230.341.86$98,853
Feb 20201,1183,73249.881.98$63,158
Jan 20203,34114,44757.252.09$221,535
Dec 20193,06715,33659.012.30$216,323
Nov 20193,48714,88755.302.75$233,781
Oct 20193,50415,25653.472.42$224,256
Sep 20193,55415,14655.052.66$235,895
Aug 20193,96115,89253.112.30$246,990
Jul 20193,65815,97656.272.46$245,138
Jun 20194,17415,06452.782.49$257,831
May 20194,33417,25658.482.74$300,739
Apr 20195,59618,43762.632.75$401,192
Mar 20193,9129,11456.803.06$250,110
Feb 20191,7056,11050.852.79$103,760
Jan 20194,59423,78846.033.23$288,254
Dec 20183,75123,04646.594.19$271,217
Nov 20184,59127,11352.934.24$357,886
Oct 20185,44428,89861.443.40$432,677
Sep 20183,94826,07559.543.11$316,105
Aug 20184,94527,92459.403.07$379,364
Jul 20185,11729,65865.142.93$420,275
Jun 20185,10929,71060.183.08$398,875
May 20184,47729,84365.382.90$379,275

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                  753 bbl  × $106.41 =    $80,127
Casinghead gas     3,523 Mcf  × $  3.05 =    $10,730

────────────────────────────────────────────────────
Month total                                  $90,857

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/50458 is the state's own key, not one this site invented.