MineralRecord
Log inSign up

BING 54-2-36 LOV E 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 55377District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$64.1 M
Jan 2018 – May 2026
Value, last 12 filed months
$4.5 M
at the published price for each month
Months reported
76
25 months not filed
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
OilDisposition727,782 bbl$53,562,635
Casinghead gasProduction2,505,485 Mcf$10,523,937
Total$64,086,572

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 31.8246, -103.6043. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.82464, -103.60430 · 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
11,567 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 11,485 and 11,648 ft, median 11,567 ft, over the 2 wells that filed a depth.

Completions filed
Dec 2020
2 of 2 wells

2 wells

42-301351456H11,485 ftDec 2020——
42-301351495H11,648 ftDec 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 20264,50016,022106.413.05$527,645
Apr 20263,54110,46998.932.87$380,354
Mar 20264,63417,18689.753.15$470,028
Feb 20264,12417,10463.503.75$326,019
Jan 20264,18915,63659.138.00$372,751
Dec 20254,91520,32656.664.41$368,190
Nov 20254,91919,39658.593.93$364,361
Oct 20255,42420,84859.383.30$390,976
Sep 20254,49316,82862.743.08$333,669
Aug 20252,3489,87663.933.01$179,881
Jul 20254,92219,81066.743.32$394,168
Jun 20255,21120,15566.483.13$409,487
May 20255,70321,45360.553.23$414,660
Apr 20255,34720,33162.363.54$405,474
Mar 20253,51816,01567.704.27$306,526
Feb 20255,50820,07970.884.34$477,567
Jan 20254,51716,58374.324.28$406,657
Dec 20246,20321,96768.993.12$496,512
Nov 20246,06721,56669.052.20$466,338
Oct 20244,27318,92271.372.28$348,133
Sep 20246,15923,52569.612.36$484,350
Aug 20246,47523,02475.632.06$537,217
Jul 20246,25520,10679.932.15$543,121
Jun 20244,90215,66678.082.63$424,012
May 20246,47522,74678.812.20$560,300
Apr 20246,54622,59884.451.66$590,304
Mar 20245,61420,10180.301.55$481,863
Feb 20246,58722,96876.091.78$542,171
Jan 20246,24422,97773.023.30$531,707
Dec 20235,50518,93171.262.61$441,710
Nov 20237,05020,54377.892.81$606,800
Oct 20236,83722,56685.443.09$653,821
Sep 20237,04324,09289.042.74$693,001
Aug 20237,11924,25780.522.67$638,058
Jul 20237,14124,78774.852.64$599,986
Jun 20238,42925,98768.962.26$639,955
May 20238,49827,07470.622.23$660,433
Apr 20238,53226,85678.122.24$726,617
Mar 202310,11133,86172.852.39$817,621
Feb 20238,70433,55975.112.47$736,503
Jan 202310,38642,08376.533.39$937,406
Dec 202210,34742,50276.415.73$1,034,112
Nov 202210,13341,03185.005.65$1,092,974
Oct 202211,32045,84787.185.86$1,255,713
Sep 202211,00746,95084.888.16$1,317,559
Aug 202212,37050,55194.529.13$1,630,599
Jul 202212,81655,099101.587.54$1,717,410
Jun 202210,45440,635115.097.98$1,527,304
May 202214,08755,912109.378.43$2,012,203
Apr 202214,62357,470104.226.84$1,916,966
Mar 202213,50161,486108.885.08$1,782,116
Feb 202212,78345,54191.054.86$1,385,169
Jan 202215,89462,71681.844.54$1,585,350
Dec 202117,15266,71171.323.90$1,483,395
Nov 202118,00567,25977.435.24$1,746,352
Oct 202119,41071,74179.795.71$1,958,643
Sep 202120,15064,27269.865.35$1,751,593
Aug 202122,04972,09466.024.22$1,759,954
Jul 202124,81378,50370.783.98$2,068,869
Jun 202123,54275,20269.493.38$1,890,163
May 202127,95288,28063.483.02$2,040,793
Apr 202133,315101,35460.362.76$2,290,470
Mar 202137,519101,74961.302.72$2,576,361
Feb 202133,26782,68357.805.55$2,381,554
Jan 202145,400112,27750.412.81$2,604,143
Dec 202010,90538,74144.642.68$590,449
Mar 20190056.803.06$0
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) · Apr 2019 – Nov 2020 (20 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                4,500 bbl  × $106.41 =   $478,845
Casinghead gas    16,022 Mcf  × $  3.05 =    $48,800

────────────────────────────────────────────────────
Month total                                 $527,645

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/55377 is the state's own key, not one this site invented.