STEEL UNIT

Operated by U.S. ENERGY DEVELOPMENT CORP (P-5 875462) 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 55882District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$6.0 M
Sep 2020 – May 2026
Value, last 12 filed months
$674 k
at the published price for each month
Months reported
69
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition53,057 bbl$3,827,840
Casinghead gasProduction526,004 Mcf$2,209,593
Total$6,037,433

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 31.4704, -103.3946. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47040, -103.39460 · 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
10,997 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 10,997 ft.

Completions filed
Aug 2016
1 of 1 wells

1 well

42-475370908206H10,997 ftAug 2016

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 (69)

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

69 months

May 20264805,266106.413.05$67,116
Apr 20264575,08698.932.87$59,806
Mar 20264845,27789.753.15$60,059
Feb 20264514,81263.503.75$46,685
Jan 20265174,88759.138.00$69,656
Dec 20256665,29456.664.41$61,100
Nov 20253755,00858.593.93$41,635
Oct 20256505,51259.383.30$56,813
Sep 20255865,35362.743.08$53,236
Aug 20254975,94563.933.01$49,696
Jul 20255555,74166.743.32$56,073
Jun 20255215,64066.483.13$52,282
May 20256345,65960.553.23$56,680
Apr 20255155,52562.363.54$51,691
Mar 20255585,74667.704.27$62,302
Feb 20255435,02370.884.34$60,292
Jan 20256215,60474.324.28$70,130
Dec 20245315,62568.993.12$54,191
Nov 20246065,42669.052.20$53,773
Oct 20246846,48971.372.28$63,621
Sep 20243723,69869.612.36$34,638
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 202416060784.451.66$14,519
Mar 20244844,21280.301.55$45,373
Feb 20244933,49876.091.78$43,752
Jan 20244733,22773.023.30$45,180
Dec 20237363,94971.262.61$62,757
Nov 20234885,06877.892.81$52,239
Oct 202305985.443.09$182
Sep 20234132,45089.042.74$43,474
Aug 20234364,39980.522.67$46,865
Jul 20236504,71274.852.64$61,101
Jun 20236054,43768.962.26$51,742
May 20236594,41370.622.23$56,368
Apr 20236334,77778.122.24$60,140
Mar 20237135,96072.852.39$66,205
Feb 20238026,94475.112.47$77,360
Jan 20231651,74876.533.39$18,549
Dec 20221,08011,62176.415.73$149,100
Nov 20229598,51885.005.65$129,609
Oct 20229309,89087.185.86$139,070
Sep 202288410,23984.888.16$158,622
Aug 20221,07511,39894.529.13$205,640
Jul 20221,06412,339101.587.54$201,143
Jun 20221,07212,167115.097.98$220,435
May 20221,09911,715109.378.43$218,991
Apr 20221,16611,127104.226.84$197,603
Mar 20221,05111,472108.885.08$172,669
Feb 20229239,24591.054.86$128,959
Jan 20221,12312,61581.844.54$149,149
Dec 20211,30913,35971.323.90$145,446
Nov 20211,20312,89377.435.24$160,667
Oct 20211,20914,03479.795.71$176,655
Sep 202191212,97669.865.35$133,146
Aug 20212,20012,63266.024.22$198,558
Jul 20211,30613,83770.783.98$147,539
Jun 20211,17214,11669.493.38$129,163
May 20211,36015,10863.483.02$131,924
Apr 20211,34215,18360.362.76$122,884
Mar 20211,46817,12761.302.72$136,521
Feb 20215826,12157.805.55$67,599
Jan 20211,36713,48350.412.81$106,801
Dec 20201,47914,76744.642.68$105,531
Nov 20201,34114,74838.772.71$91,907
Oct 20201,43515,10736.972.48$90,494
Sep 20201,73315,09137.091.99$94,324

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                  480 bbl  × $106.41 =    $51,077
Casinghead gas     5,266 Mcf  × $  3.05 =    $16,039

────────────────────────────────────────────────────
Month total                                  $67,116

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/55882 is the state's own key, not one this site invented.