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LONE RANGER 30

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) 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 54954District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$47.5 M
Dec 2019 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
78
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
OilDisposition687,057 bbl$41,591,083
Casinghead gasProduction1,701,262 Mcf$5,941,966
Total$47,533,049

Wells on this lease (2)

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 31.6150, -103.4582. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.61502, -103.45820 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
10,669 ft
2 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.
2100.0%

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 10,248 and 11,090 ft, median 10,669 ft, over the 2 wells that filed a depth.

Completions filed
Dec 2019
2 of 2 wells

2 wells

42-47537964135H10,248 ftDec 2019——
42-47537963217H11,090 ftDec 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 (78)

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

78 months

May 2026054106.413.05$164
Apr 202645266898.932.87$46,633
Mar 20262464089.753.15$4,170
Feb 20265901,23663.503.75$42,100
Jan 20261,3203,18159.138.00$103,493
Dec 20251,5133,06456.664.41$99,249
Nov 20253,4028,62858.593.93$233,201
Oct 20253,0537,62959.383.30$206,500
Sep 20252,1776,47462.743.08$156,505
Aug 20252,1136,04363.933.01$153,302
Jul 20251,6055,79766.743.32$126,336
Jun 20253755966.483.13$4,209
May 20251,3553,24660.553.23$92,537
Apr 20253,2569,37962.363.54$236,275
Mar 20254,36710,78767.704.27$341,688
Feb 20254,0399,51370.884.34$327,579
Jan 20253,4808,47274.324.28$294,883
Dec 20243,9699,17368.993.12$302,454
Nov 20241,6675,27969.052.20$126,712
Oct 20243,1197,79971.372.28$240,396
Sep 20244,34010,60769.612.36$327,186
Aug 20244,56510,33775.632.06$366,583
Jul 20242,2435,77179.932.15$191,671
Jun 20243,3916,60978.082.63$282,177
May 20245,3199,87678.812.20$440,902
Apr 20244,5319,02484.451.66$397,616
Mar 20242,2635,79480.301.55$190,671
Feb 20244,1286,76676.091.78$326,168
Jan 20243,8418,60373.023.30$308,840
Dec 20234,6498,90171.262.61$354,526
Nov 20234,2058,88277.892.81$352,464
Oct 20235,59010,90885.443.09$511,286
Sep 20235,31010,20489.042.74$500,711
Aug 20235,80811,58780.522.67$498,631
Jul 20233,7667,80174.852.64$302,494
Jun 20230068.962.26$0
May 20232,1075,42570.622.23$160,880
Apr 20234,23112,27278.122.24$357,988
Mar 20235,61418,96572.852.39$454,366
Feb 20237,37623,70075.112.47$612,448
Jan 20236,80021,43876.533.39$593,030
Dec 20228,55925,19676.415.73$798,343
Nov 20228,17223,15085.005.65$825,330
Oct 20226,56218,07487.185.86$678,057
Sep 20226,66819,71684.888.16$726,935
Aug 20229,50326,60194.529.13$1,141,015
Jul 20226,14420,180101.587.54$776,307
Jun 20227,95622,777115.097.98$1,097,353
May 20227,87923,072109.378.43$1,056,293
Apr 20229,71226,456104.226.84$1,193,080
Mar 20229,78623,306108.885.08$1,183,810
Feb 20228,37020,58991.054.86$862,127
Jan 20229,05821,85581.844.54$840,478
Dec 20217,61819,06071.323.90$617,633
Nov 20216,94321,30677.435.24$649,173
Oct 202111,53133,73379.795.71$1,112,804
Sep 202111,46631,07669.865.35$967,300
Aug 202110,77428,47466.024.22$831,477
Jul 202110,39227,37870.783.98$844,567
Jun 202113,00039,58969.493.38$1,037,205
May 202114,12143,60863.483.02$1,027,996
Apr 202114,40146,78660.362.76$998,300
Mar 202119,64556,66461.302.72$1,358,191
Feb 202117,97748,05557.805.55$1,305,677
Jan 202125,95376,33850.412.81$1,522,821
Dec 202037,091101,88444.642.68$1,928,329
Nov 202025,36756,97738.772.71$1,137,691
Oct 202016,57934,46336.972.48$698,340
Sep 202016,15032,80937.091.99$664,328
Aug 202016,77334,45639.982.39$752,766
Jul 202017,94335,83738.371.83$753,880
Jun 202018,15137,83334.901.69$697,419
May 202015,63131,26316.921.81$321,211
Apr 202016,89945,62714.751.80$331,589
Mar 202024,33049,56330.341.86$830,173
Feb 202025,67152,12349.881.98$1,383,708
Jan 202032,97567,00157.252.09$2,028,168
Dec 201929,69257,29659.012.30$1,884,156

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                    0 bbl  × $106.41 =         $0
Casinghead gas        54 Mcf  × $  3.05 =       $164

────────────────────────────────────────────────────
Month total                                     $164

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/54954 is the state's own key, not one this site invented.