TITAN 7 UNIT

Operated by EOG RESOURCES, INC. (P-5 253162) 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 56976District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$106.6 M
May 2021 – May 2026
Value, last 12 filed months
$8.8 M
at the published price for each month
Months reported
61
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
OilDisposition1,140,419 bbl$92,160,227
Casinghead gasProduction3,307,999 Mcf$14,414,054
Total$106,574,281

Wells on this lease (4)

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 31.9130, -103.6552. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.91298, -103.65564 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
11,744 ft
4 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.
4100.0%

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 11,710 and 11,813 ft, median 11,744 ft, over the 4 wells that filed a depth.

Completions filed
May 2021 – Nov 2021
4 of 4 wells

4 wells

42-30135642707H11,742 ftNov 2021
42-301350589H11,745 ftNov 2021
42-3013505910H11,813 ftNov 2021
42-301352465H11,710 ftMay 2021

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 (61)

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

61 months

May 20268,47434,019106.413.05$1,005,335
Apr 20268,50136,11098.932.87$944,630
Mar 202610,06342,15389.753.15$1,035,913
Feb 20266,42132,38663.503.75$529,191
Jan 20267,56040,86559.138.00$773,858
Dec 20257,93341,26556.664.41$631,601
Nov 20257,22037,54558.593.93$570,438
Oct 20257,58041,66059.383.30$587,780
Sep 20257,30138,22662.743.08$575,683
Aug 20257,87138,02063.933.01$617,814
Jul 20259,63239,71766.743.32$774,509
Jun 20259,03538,70166.483.13$721,731
May 20258,32636,17960.553.23$621,081
Apr 20258,13832,59462.363.54$622,970
Mar 20258,65533,99667.704.27$731,049
Feb 20257,98530,53970.884.34$698,542
Jan 20258,57034,51074.324.28$784,580
Dec 20248,69736,81968.993.12$714,932
Nov 20248,89835,10269.052.20$691,577
Oct 20249,67237,51071.372.28$775,866
Sep 20249,61236,96769.612.36$756,495
Aug 202410,40839,63275.632.06$868,943
Jul 202410,57938,33079.932.15$927,858
Jun 202412,31635,18078.082.63$1,054,297
May 20249,71827,96178.812.20$827,346
Apr 202410,40338,00884.451.66$941,596
Mar 202411,20440,58980.301.55$962,396
Feb 202410,62738,70576.091.78$877,644
Jan 202412,12041,09473.023.30$1,020,516
Dec 202312,60343,05371.262.61$1,010,489
Nov 202311,98041,39777.892.81$1,049,347
Oct 202313,87144,52685.443.09$1,322,602
Sep 202314,52541,20389.042.74$1,405,998
Aug 202316,31645,39180.522.67$1,435,089
Jul 202313,36836,64774.852.64$1,097,409
Jun 202316,19943,68568.962.26$1,215,745
May 202316,26742,72570.622.23$1,243,941
Apr 202312,23833,80878.122.24$1,031,687
Mar 202310,57928,63372.852.39$839,204
Feb 202312,87735,10975.112.47$1,053,759
Jan 202319,43755,70476.533.39$1,676,223
Dec 202220,69758,08076.415.73$1,914,203
Nov 202221,39458,78185.005.65$2,150,379
Oct 202224,01261,94587.185.86$2,456,597
Sep 202224,22864,99184.888.16$2,587,038
Aug 202229,09877,99894.529.13$3,462,243
Jul 202233,37586,972101.587.54$4,046,182
Jun 202231,65580,409115.097.98$4,284,613
May 202236,79094,409109.378.43$4,819,877
Apr 202239,588100,514104.226.84$4,813,136
Mar 202244,690113,111108.885.08$5,440,044
Feb 202232,76177,18991.054.86$3,357,938
Jan 20228,75521,14081.844.54$812,436
Dec 2021118,611280,39471.323.90$9,552,626
Nov 202194,102222,89677.435.24$8,453,591
Oct 20217,69917,92879.795.71$716,741
Sep 202117,20541,59069.865.35$1,424,486
Aug 202120,21447,00166.024.22$1,532,900
Jul 202127,08364,50770.783.98$2,173,807
Jun 202141,93399,75269.493.38$3,251,148
May 202132,75072,12963.483.02$2,296,632

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                8,474 bbl  × $106.41 =   $901,718
Casinghead gas    34,019 Mcf  × $  3.05 =   $103,616

────────────────────────────────────────────────────
Month total                               $1,005,335

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/56976 is the state's own key, not one this site invented.