STATE-JUDGE 48-3 WN X

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 54208District 08Field 71052900OilCasinghead gasSave
Value, all time
$45.9 M
Jan 2020 – May 2026
Value, last 12 filed months
$4.1 M
at the published price for each month
Months reported
77
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
OilDisposition596,534 bbl$40,502,261
Casinghead gasProduction1,488,727 Mcf$5,381,898
Total$45,884,158

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 31.7808, -103.5116. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.78080, -103.51163 · 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
11,392 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 11,392 ft.

Completions filed
Jan 2020
1 of 1 wells

1 well

42-3013472410H11,392 ftJan 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 (77)

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

77 months

May 20264,28418,527106.413.05$512,291
Apr 20265,26916,86598.932.87$569,660
Mar 20265,94418,09089.753.15$590,447
Feb 20264,68711,95363.503.75$342,452
Jan 20265,69214,88559.138.00$455,617
Dec 20254,73115,73956.664.41$337,520
Nov 20253,53413,17958.593.93$258,804
Oct 20255,67017,21959.383.30$393,591
Sep 20251,2094,52162.743.08$89,763
Aug 20252,78912,30663.933.01$215,400
Jul 20252,38110,15566.743.32$192,574
Jun 20251,8419,10466.483.13$150,874
May 20251,6728,38760.553.23$128,349
Apr 20251,4138,09962.363.54$116,810
Mar 20251,4535,42867.704.27$121,537
Feb 202562268770.884.34$47,070
Jan 20251705,00174.324.28$34,032
Dec 20242,0805,97868.993.12$162,159
Nov 20243,2388,76269.052.20$242,847
Oct 20244,04516,19771.372.28$325,643
Sep 20244,66314,95469.612.36$359,948
Aug 20243,34912,61875.632.06$279,324
Jul 20244,98020,69479.932.15$442,473
Jun 20244,70922,40978.082.63$426,704
May 20245,85418,68078.812.20$502,421
Apr 20244,78916,46984.451.66$431,756
Mar 20244,66314,93580.301.55$397,515
Feb 20245,66024,24276.091.78$473,908
Jan 20248,06325,85173.023.30$674,008
Dec 20237,00620,33771.262.61$552,342
Nov 20235,06016,28877.892.81$439,853
Oct 20236,40220,65285.443.09$610,745
Sep 20236,38420,03189.042.74$623,217
Aug 20235,70715,73880.522.67$501,593
Jul 20236,84217,80574.852.64$559,161
Jun 20236,27917,49768.962.26$472,516
May 20236,77021,15070.622.23$525,207
Apr 20236,75918,17878.122.24$568,691
Mar 20237,21817,56172.852.39$567,858
Feb 20236,50016,41675.112.47$528,692
Jan 20235,99410,85476.533.39$495,491
Dec 20227,43117,97276.415.73$670,766
Nov 20228,66617,15785.005.65$833,482
Oct 20229,67023,49887.185.86$980,817
Sep 20228,96524,87984.888.16$964,053
Aug 20229,41324,72794.529.13$1,115,404
Jul 202210,20225,390101.587.54$1,227,813
Jun 20228,86518,119115.097.98$1,164,812
May 202210,00919,425109.378.43$1,258,496
Apr 202210,06619,559104.226.84$1,182,815
Mar 202210,94220,571108.885.08$1,295,792
Feb 202210,43418,93191.054.86$1,041,998
Jan 202211,61126,20081.844.54$1,069,131
Dec 202111,89524,48871.323.90$943,833
Nov 202111,35722,63877.435.24$997,924
Oct 202112,16623,82879.795.71$1,106,875
Sep 202111,92823,49169.865.35$958,989
Aug 202113,99129,06766.024.22$1,046,366
Jul 202113,32330,18670.783.98$1,063,205
Jun 202113,64530,56769.493.38$1,051,526
May 202114,42934,24863.483.02$1,019,302
Apr 202111,96830,03560.362.76$805,238
Mar 202112,84532,07161.302.72$874,533
Feb 202110,13323,73757.805.55$717,379
Jan 202114,61134,32150.412.81$832,992
Dec 202013,60729,60744.642.68$686,629
Nov 202011,24027,05838.772.71$509,009
Oct 202012,18025,72836.972.48$514,060
Sep 202012,03027,00137.091.99$499,953
Aug 202012,42123,75539.982.39$553,250
Jul 202019,56138,22338.371.83$820,317
Jun 202021,50347,23234.901.69$830,291
May 20200016.921.81$0
Apr 20208,26913,31314.751.80$145,989
Mar 202014,53530,79330.341.86$498,151
Feb 202013,66225,01849.881.98$731,013
Jan 20202,5861,45357.252.09$151,092

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                4,284 bbl  × $106.41 =   $455,860
Casinghead gas    18,527 Mcf  × $  3.05 =    $56,430

────────────────────────────────────────────────────
Month total                                 $512,291

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/54208 is the state's own key, not one this site invented.