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POINT BLUE

Operated by CRESCENT ENERGY OPERATING, LLC (P-5 103575) 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 54476District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$51.4 M
May 2020 – May 2026
Value, last 12 filed months
$3.1 M
at the published price for each month
Months reported
73
no gaps in the span
Streams
2
oil, casinghead gas

The PHANTOM (WOLFCAMP) field

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
OilDisposition666,882 bbl$44,535,591
Casinghead gasProduction1,786,033 Mcf$6,872,467
Total$51,408,058

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 31.4502, -103.2141. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45019, -103.21407 · 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
11,368 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 11,368 ft.

Completions filed
Oct 2020
1 of 1 wells

1 well

42-475379821H11,368 ftOct 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 (73)

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

73 months

May 20262,5177,249106.413.05$289,913
Apr 20264,70217,08998.932.87$514,210
Mar 20262,1405,87489.753.15$210,565
Feb 20261,2134,56863.503.75$94,157
Jan 20262,7528,35759.138.00$229,564
Dec 20251,3834,85556.664.41$99,788
Nov 20253,33513,74758.593.93$249,374
Oct 20252,90812,34659.383.30$213,479
Sep 20253,42015,30462.743.08$261,660
Aug 20253,91116,77263.933.01$300,594
Jul 20254,35816,42666.743.32$345,308
Jun 20254,46213,36566.483.13$338,449
May 20255,662060.553.23$342,834
Apr 20254,90515,96862.363.54$362,452
Mar 20255,28515,87767.704.27$425,563
Feb 20255,39314,64970.884.34$445,845
Jan 20256,33514,35274.324.28$532,225
Dec 20246,30816,30868.993.12$486,092
Nov 20246,23815,19869.052.20$464,146
Oct 20248,01223,21471.372.28$624,777
Sep 20247,49420,17669.612.36$569,361
Aug 20247,97822,22975.632.06$649,249
Jul 20246,88921,26279.932.15$596,279
Jun 20246,06918,02378.082.63$521,340
May 20246,43816,26078.812.20$543,125
Apr 20245,86813,95984.451.66$518,713
Mar 20245,63516,18680.301.55$477,500
Feb 20244,97015,63176.091.78$406,047
Jan 20245,08716,74373.023.30$426,665
Dec 20235,55814,44871.262.61$433,783
Nov 20235,97915,92277.892.81$510,406
Oct 20236,99017,95985.443.09$652,670
Sep 20234,37213,62589.042.74$426,548
Aug 20236,33215,37980.522.67$550,959
Jul 20236,71515,12174.852.64$542,564
Jun 20236,02817,38868.962.26$454,961
May 20236,24325,09570.622.23$496,777
Apr 20236,09524,76378.122.24$531,555
Mar 20236,52126,86772.852.39$539,352
Feb 20236,46114,65575.112.47$521,420
Jan 20237,57416,79176.533.39$636,521
Dec 20227,70234,45576.415.73$785,905
Nov 20227,44031,13685.005.65$808,200
Oct 20228,72635,71987.185.86$970,180
Sep 20228,59834,45384.888.16$1,011,062
Aug 20229,42833,07594.529.13$1,193,015
Jul 202210,22333,025101.587.54$1,287,530
Jun 202210,51228,335115.097.98$1,435,860
May 202211,48131,018109.378.43$1,517,253
Apr 20229,29926,034104.226.84$1,147,152
Mar 20227,95924,745108.885.08$992,191
Feb 202210,90529,99591.054.86$1,138,641
Jan 202211,58633,56081.844.54$1,100,483
Dec 202111,95240,47871.323.90$1,010,245
Nov 202111,64637,43477.435.24$1,097,786
Oct 20219,78430,02679.795.71$952,230
Sep 202112,06238,28969.865.35$1,047,533
Aug 202113,93439,92366.024.22$1,088,421
Jul 202115,25346,06170.783.98$1,263,026
Jun 202114,11339,76469.493.38$1,115,139
May 202115,52536,71863.483.02$1,096,330
Apr 202117,56743,49960.362.76$1,180,333
Mar 202115,12436,67561.302.72$1,026,745
Feb 202114,06935,46657.805.55$1,009,952
Jan 202117,31133,20850.412.81$965,971
Dec 202020,65341,39344.642.68$1,032,695
Nov 202023,27348,92038.772.71$1,034,700
Oct 202024,16652,16436.972.48$1,022,702
Sep 202026,53259,68337.091.99$1,102,903
Aug 202039,86657,95539.982.39$1,732,071
Jul 202033,65850,57638.371.83$1,383,765
Jun 202007,90834.901.69$13,367
May 202004,34316.921.81$7,881

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                2,517 bbl  × $106.41 =   $267,834
Casinghead gas     7,249 Mcf  × $  3.05 =    $22,079

────────────────────────────────────────────────────
Month total                                 $289,913

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/54476 is the state's own key, not one this site invented.