BING 54-2-36 LOV W UNIT

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 51103District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$116.8 M
Jan 2018 – May 2026
Value, last 12 filed months
$8.5 M
at the published price for each month
Months reported
96
5 months not filed
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
OilDisposition1,628,098 bbl$102,740,332
Casinghead gasProduction4,214,627 Mcf$14,026,491
Total$116,766,823

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 31.8244, -103.6127. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.82447, -103.61263 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
11,562 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
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.
4100.0%

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 11,478 and 11,681 ft, median 11,562 ft, over the 4 wells that filed a depth.

Completions filed
Mar 2019 – Jan 2021
4 of 4 wells

4 wells

42-301348124H11,478 ftJan 2021
42-301343222H11,492 ftDec 2019
42-301343213H11,681 ftDec 2019
42-301337501H11,632 ftMar 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 (96)

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

96 months

May 20268,28422,455106.413.05$949,895
Apr 20264,18611,91098.932.87$448,299
Mar 20268,80221,31389.753.15$857,104
Feb 20268,61520,77563.503.75$624,965
Jan 20268,32721,45759.138.00$663,987
Dec 202510,47028,02756.664.41$716,923
Nov 202513,25532,45558.593.93$904,043
Oct 202516,64742,54359.383.30$1,129,097
Sep 20257,13119,87562.743.08$508,553
Aug 20256,16920,33863.933.01$455,698
Jul 20258,31121,83766.743.32$627,070
Jun 20258,42723,08166.483.13$632,441
May 20258,76224,18860.553.23$608,722
Apr 20259,23425,81462.363.54$667,294
Mar 20259,52225,94967.704.27$755,398
Feb 20257,58420,27570.884.34$625,564
Jan 20257,70620,91274.324.28$662,186
Dec 20249,90125,82968.993.12$763,692
Nov 20249,06624,02669.052.20$678,827
Oct 20249,19424,72971.372.28$712,593
Sep 20249,09425,18769.612.36$692,584
Aug 20249,56926,79575.632.06$778,998
Jul 20248,73123,15179.932.15$747,565
Jun 20249,29424,79978.082.63$790,996
May 20249,91726,55978.812.20$839,947
Apr 202410,59627,71584.451.66$940,817
Mar 20249,24724,71880.301.55$780,727
Feb 202411,19928,88476.091.78$903,651
Jan 202410,27327,38873.023.30$840,451
Dec 202311,28724,43471.262.61$868,102
Nov 202311,93731,90177.892.81$1,019,337
Oct 202311,82832,07085.443.09$1,109,593
Sep 202311,83933,30089.042.74$1,145,221
Aug 202310,89131,28080.522.67$960,551
Jul 202313,03236,38174.852.64$1,071,557
Jun 202314,25041,22568.962.26$1,075,786
May 202312,85336,06170.622.23$988,001
Apr 202314,61642,47278.122.24$1,236,844
Mar 202315,60446,12072.852.39$1,247,124
Feb 202313,94838,75275.112.47$1,143,184
Jan 202316,60044,74176.533.39$1,421,968
Dec 202214,92340,09276.415.73$1,369,957
Nov 202215,72041,75285.005.65$1,571,940
Oct 202217,42944,10487.185.86$1,778,075
Sep 202216,89942,42984.888.16$1,780,764
Aug 202218,07046,17894.529.13$2,129,450
Jul 202218,32648,540101.587.54$2,227,648
Jun 202217,52045,354115.097.98$2,378,175
May 202219,01347,881109.378.43$2,483,234
Apr 202220,29750,298104.226.84$2,459,271
Mar 202220,53339,659108.885.08$2,436,958
Feb 202217,03137,46891.054.86$1,732,724
Jan 202217,41640,05281.844.54$1,607,069
Dec 202122,15148,17671.323.90$1,767,653
Nov 202122,13848,21077.435.24$1,966,614
Oct 202123,96356,35479.795.71$2,234,007
Sep 202124,83962,88369.865.35$2,071,734
Aug 202127,30668,88266.024.22$2,093,465
Jul 202129,38274,35070.783.98$2,375,726
Jun 202126,62166,95269.493.38$2,076,233
May 202131,86678,20963.483.02$2,258,863
Apr 202134,36881,95060.362.76$2,300,505
Mar 202140,692100,15561.302.72$2,766,535
Feb 202131,99977,31657.805.55$2,278,488
Jan 202134,46488,25350.412.81$1,985,345
Dec 202030,11278,02044.642.68$1,552,939
Nov 202029,95775,50138.772.71$1,365,782
Oct 202023,02061,73936.972.48$1,004,065
Sep 202018,93751,13537.091.99$804,185
Aug 202027,88575,83139.982.39$1,295,707
Jul 202029,03677,85338.371.83$1,256,202
Jun 202031,97387,99134.901.69$1,264,590
May 202036,86498,80616.921.81$803,047
Apr 202037,186105,47914.751.80$738,818
Mar 202043,873118,77530.341.86$1,551,581
Feb 202045,852122,43749.881.98$2,529,605
Jan 202051,771136,69557.252.09$3,250,230
Dec 201939,834103,37159.012.30$2,588,808
Nov 201948,317129,42455.302.75$3,027,937
Oct 201963,562158,24253.472.42$3,781,375
Sep 20199,34822,05955.052.66$573,224
Aug 20193,1465,89953.112.30$180,677
Jul 201914,03735,49656.272.46$877,184
Jun 201911,14028,55752.782.49$659,110
May 201916,44540,27758.482.74$1,072,075
Apr 201924,98467,14262.632.75$1,749,435
Mar 20191,6556,68056.803.06$114,459
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
Jan 20180062.874.01$0

Not filed, and not zero: Feb 2018 – Jun 2018 (5 months). The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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                8,284 bbl  × $106.41 =   $881,500
Casinghead gas    22,455 Mcf  × $  3.05 =    $68,394

────────────────────────────────────────────────────
Month total                                 $949,895

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/51103 is the state's own key, not one this site invented.