CARTHEL 31-TTT-B02 WF

Operated by MATADOR PRODUCTION COMPANY (P-5 532993) 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 53940District 08Field 71052900OilCasinghead gasSave
Value, all time
$126.0 M
Feb 2020 – May 2026
Value, last 12 filed months
$46.6 M
at the published price for each month
Months reported
76
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
OilDisposition1,542,518 bbl$98,033,250
Casinghead gasProduction7,920,305 Mcf$27,918,022
Total$125,951,273

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 31.6788, -103.6497. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.67901, -103.65008 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
11,222 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
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.
6100.0%

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 10,648 and 11,696 ft, median 11,222 ft, over the 6 wells that filed a depth.

Completions filed
Feb 2020 – Oct 2025
6 of 6 wells

6 wells

42-30136018223H11,221 ftOct 2025
42-30137133225H11,692 ftOct 2025
42-30137136226H11,696 ftOct 2025
42-30137203228H11,223 ftOct 2025
42-30134585201H10,648 ftFeb 2020
42-30134586202H10,657 ftFeb 2020

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 (76)

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

76 months

May 202666,564458,659106.413.05$8,480,077
Apr 202667,957459,77298.932.87$8,042,403
Mar 202668,244443,75289.753.15$7,522,469
Feb 202666,956411,23263.503.75$5,793,958
Jan 202655,226318,29459.138.00$5,811,203
Dec 202551,564311,64356.664.41$4,297,009
Nov 202550,995305,35758.593.93$4,186,763
Oct 202512,43074,36359.383.30$983,851
Sep 20251,6029,73562.743.08$130,463
Aug 20256,54442,64963.933.01$546,934
Jul 20254,20324,82666.743.32$362,811
Jun 20255,39333,93866.483.13$464,709
May 20256,40937,66360.553.23$509,804
Apr 20256,67738,40662.363.54$552,455
Mar 20257,34042,44167.704.27$678,070
Feb 20256,57536,58170.884.34$624,828
Jan 20257,79447,44174.324.28$782,235
Dec 20247,60046,83968.993.12$670,526
Nov 20247,65746,09169.052.20$630,044
Oct 20247,89047,79671.372.28$672,151
Sep 20247,93046,92569.612.36$662,955
Aug 20246,54439,28975.632.06$576,001
Jul 20248,01146,71179.932.15$740,589
Jun 20247,49641,68178.082.63$695,075
May 20248,26547,50778.812.20$755,806
Apr 20248,28747,46284.451.66$778,586
Mar 20248,87450,55980.301.55$790,702
Feb 20248,09445,37976.091.78$696,812
Jan 20247,89442,43473.023.30$716,353
Dec 20239,10756,04271.262.61$795,275
Nov 20239,40955,95477.892.81$889,961
Oct 20239,39157,26385.443.09$979,154
Sep 20239,54755,77689.042.74$1,002,614
Aug 20239,60253,40080.522.67$915,885
Jul 20239,82956,34374.852.64$884,548
Jun 20239,32954,84368.962.26$767,190
May 20239,67354,89670.622.23$805,383
Apr 202310,02056,61478.122.24$909,451
Mar 202310,60763,74972.852.39$925,282
Feb 202310,52761,90775.112.47$943,326
Jan 202311,08967,86176.533.39$1,078,535
Dec 202212,00663,39276.415.73$1,280,556
Nov 202211,23861,84385.005.65$1,304,408
Oct 202211,82464,58387.185.86$1,409,516
Sep 202211,41764,42584.888.16$1,495,020
Aug 202213,18271,05894.529.13$1,894,520
Jul 202212,78464,471101.587.54$1,784,844
Jun 202213,18367,953115.097.98$2,059,306
May 202213,95971,144109.378.43$2,126,656
Apr 202213,59565,378104.226.84$1,863,900
Mar 202214,67965,731108.885.08$1,931,926
Feb 202213,65561,17991.054.86$1,540,547
Jan 202214,83964,84581.844.54$1,508,670
Dec 202115,18268,13771.323.90$1,348,455
Nov 202114,34566,98277.435.24$1,461,508
Oct 202110,42649,76479.795.71$1,116,236
Sep 20219,56847,23869.865.35$921,187
Aug 202110,52053,34966.024.22$919,695
Jul 202114,76274,88770.783.98$1,343,060
Jun 202122,274105,40569.493.38$1,904,155
May 202125,160112,93763.483.02$1,937,963
Apr 202120,76993,08760.362.76$1,510,390
Mar 202125,977108,92061.302.72$1,888,319
Feb 202118,44673,79857.805.55$1,475,606
Jan 202134,097128,85450.412.81$2,080,944
Dec 202032,527118,55444.642.68$1,769,192
Nov 202038,223138,80938.772.71$1,857,602
Oct 202036,509133,36536.972.48$1,680,274
Sep 202028,283113,22137.091.99$1,274,444
Aug 202042,246161,14039.982.39$2,073,330
Jul 202047,745184,76038.371.83$2,169,185
Jun 202051,994209,58234.901.69$2,168,849
May 202051,020206,69616.921.81$1,238,360
Apr 202054,992227,13514.751.80$1,220,970
Mar 202053,735224,20330.341.86$2,046,492
Feb 202022,21293,40749.881.98$1,292,943

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               66,564 bbl  × $106.41 = $7,083,075
Casinghead gas   458,659 Mcf  × $  3.05 = $1,397,002

────────────────────────────────────────────────────
Month total                               $8,480,077

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/53940 is the state's own key, not one this site invented.