LEETON PHILLIPS B UNIT

Operated by EOG RESOURCES, INC. (P-5 253162) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274107District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.6 M
Jul 2011 – May 2026
Value, last 12 filed months
$76 k
at the published price for each month
Months reported
179
no gaps in the span
Streams
2
condensate, 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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112014-11-17208201
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition23,886 bbl$1,930,293
GasProduction206,113 Mcf$667,555
Total$2,597,848

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 33.6735, -97.4864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.67347, -97.48636 · 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
8,897 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 8,897 ft.

Completions filed
Aug 2011
1 of 1 wells

1 well

42-337346396H8,897 ftAug 2011

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 (179)

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

179 months

May 2026168916106.413.05$20,667
Apr 2026283498.932.87$2,591
Mar 202621,01789.753.15$3,382
Feb 2026044263.503.75$1,658
Jan 2026061959.138.00$4,951
Dec 2025199056.664.41$4,426
Nov 2025058958.593.93$2,313
Oct 2025187959.383.30$2,964
Sep 2025072562.743.08$2,231
Aug 202516380863.933.01$12,857
Jul 202518191666.743.32$15,117
Jun 2025277566.483.13$2,558
May 202501,00660.553.23$3,252
Apr 202511,10462.363.54$3,974
Mar 202511,13667.704.27$4,917
Feb 2025266670.884.34$3,033
Jan 2025073774.324.28$3,153
Dec 20241891,12368.993.12$16,544
Nov 202411,16669.052.20$2,632
Oct 202401,29571.372.28$2,954
Sep 202411,40769.612.36$3,396
Aug 202401,14275.632.06$2,357
Jul 202417498679.932.15$16,024
Jun 2024270078.082.63$2,000
May 2024264378.812.20$1,571
Apr 2024078884.451.66$1,307
Mar 2024083580.301.55$1,290
Feb 2024253976.091.78$1,114
Jan 2024191773.023.30$3,097
Dec 2023150671.262.61$1,392
Nov 2023042077.892.81$1,179
Oct 2023070385.443.09$2,170
Sep 2023089889.042.74$2,456
Aug 202315742280.522.67$13,770
Jul 2023054374.852.64$1,435
Jun 2023158568.962.26$1,390
May 2023150270.622.23$1,189
Apr 2023169878.122.24$1,640
Mar 202316183472.852.39$13,725
Feb 2023064975.112.47$1,600
Jan 2023080476.533.39$2,724
Dec 202233081776.415.73$29,896
Nov 2022080685.005.65$4,551
Oct 202232190687.185.86$33,297
Sep 2022087184.888.16$7,111
Aug 202231,01694.529.13$9,557
Jul 20221978101.587.54$7,478
Jun 20221469115.097.98$3,856
May 20221421109.378.43$3,660
Apr 20221395104.226.84$2,805
Mar 20220405108.885.08$2,056
Feb 2022037091.054.86$1,798
Jan 2022395981.844.54$4,597
Dec 2021050471.323.90$1,965
Nov 2021042777.435.24$2,236
Oct 2021044979.795.71$2,566
Sep 202149143969.865.35$36,650
Aug 20211066.024.22$66
Jul 20210070.783.98$0
Jun 20214069.493.38$278
May 20211063.483.02$63
Apr 20211060.362.76$60
Mar 20211061.302.72$61
Feb 20210057.805.55$0
Jan 202101,10550.412.81$3,105
Dec 20200044.642.68$0
Nov 2020159938.772.71$6,189
Oct 2020112736.972.48$352
Sep 2020155237.091.99$1,136
Aug 202001,05739.982.39$2,521
Jul 202001,36938.371.83$2,499
Jun 2020038134.901.69$644
May 20200216.921.81$4
Apr 20200014.751.80$0
Mar 202011,17030.341.86$2,202
Feb 202011,03449.881.98$2,098
Jan 202021,20557.252.09$2,639
Dec 20191541,13959.012.30$11,712
Nov 201901,26455.302.75$3,477
Oct 201901,22253.472.42$2,955
Sep 20191641,20155.052.66$12,220
Aug 201911,48453.112.30$3,473
Jul 20191671,36556.272.46$12,755
Jun 201901,15552.782.49$2,877
May 20191691,11858.482.74$12,947
Apr 201921,03362.632.75$2,967
Mar 2019188356.803.06$2,761
Feb 201917544850.852.79$10,150
Jan 2019183546.033.23$2,742
Dec 2018387146.594.19$3,785
Nov 20181661,17052.934.24$13,744
Oct 2018074461.443.40$2,528
Sep 2018073059.543.11$2,269
Aug 201816578159.403.07$12,196
Jul 2018174765.142.93$2,255
Jun 201816266660.183.08$11,798
May 2018184065.382.90$2,502
Apr 2018194563.842.90$2,805
Mar 20181601,02561.222.79$12,652
Feb 201817294661.782.77$13,243
Jan 2018163662.874.01$2,613
Dec 201721,00757.272.92$3,057
Nov 201715984355.423.12$11,441
Oct 2017090249.292.98$2,691
Sep 201711,09247.523.09$3,419
Aug 20171641,46745.373.00$11,848
Jul 201711,45643.873.09$4,539
Jun 20171651,39842.493.09$11,327
May 2017087345.373.26$2,849
Apr 20171591,15547.933.21$11,330
Mar 2017279546.772.98$2,466
Feb 201716686850.452.95$10,938
Jan 201731,14349.413.42$4,056
Dec 20161691,35648.763.72$13,289
Nov 201611,21042.492.64$3,242
Oct 20161681,31746.193.09$11,830
Sep 201611,14241.553.10$3,582
Aug 20161741,16641.442.92$10,620
Jul 201621,18441.622.92$3,546
Jun 20161671,16145.352.69$10,692
May 201611,09842.521.99$2,229
Apr 201601,48436.561.99$2,955
Mar 20161791,20333.011.79$8,067
Feb 20161801,10326.472.06$7,041
Jan 201601,26927.352.36$3,000
Dec 20151841,48832.362.00$8,932
Nov 201501,44238.792.17$3,125
Oct 20151801,60143.552.43$11,724
Sep 201511,37242.992.76$3,828
Aug 20151811,49140.162.87$11,552
Jul 20151801,53048.152.95$13,173
Jun 20151791,48256.152.88$14,323
May 201511,52955.212.96$4,574
Apr 20151791,40249.822.71$12,712
Mar 20151811,52342.892.93$12,233
Feb 201501,44044.662.98$4,286
Jan 20151801,31043.433.10$11,879
Dec 201411,76154.693.59$6,379
Nov 20141771,76270.464.25$19,963
Oct 20141801,73278.303.90$20,850
Sep 201401,48286.164.05$5,995
Aug 20141701,62489.394.04$21,749
Jul 20141761,40596.564.18$22,867
Jun 20141791,47998.164.74$24,576
May 20141771,46794.734.73$23,701
Apr 201417899095.944.81$21,838
Mar 201417463395.895.06$19,886
Feb 201418641897.406.19$20,705
Jan 201401,62890.404.86$7,913
Dec 20131801,78791.824.35$24,309
Nov 201301,25488.853.74$4,688
Oct 20131771,77497.423.78$23,948
Sep 20131781,206104.113.72$23,015
Aug 20131721,140104.253.52$21,947
Jul 20131671,444102.523.72$22,489
Jun 20131731,68994.403.93$22,975
May 20133281,92394.834.15$39,083
Apr 20131641,80693.964.28$23,144
Mar 20131671,63793.623.91$22,040
Feb 20133412,19091.233.42$38,599
Jan 20131662,68691.603.42$24,391
Dec 20123251,58386.773.42$33,614
Nov 20123362,68886.953.62$38,959
Oct 201217135089.383.40$16,474
Sep 20121701,99594.672.92$21,916
Aug 20123292,46092.662.91$37,639
Jul 20125062,73485.133.02$51,335
Jun 20125072,82379.822.52$47,580
May 20123412,59891.612.49$37,704
Apr 20125013,246101.652.00$57,408
Mar 20124934,257105.052.22$61,249
Feb 20126564,854101.102.57$78,798
Jan 20121,0046,33598.092.73$115,803
Dec 20111,1636,25596.873.24$132,924
Nov 20111,5124,05295.723.31$158,146
Oct 20112,8532,49884.983.65$251,562
Sep 20111,68941183.623.99$142,872
Aug 20110083.404.15$0
Jul 20110094.144.52$0

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
Condensate           168 bbl  × $106.41 =    $17,877
Gas                  916 Mcf  × $  3.05 =     $2,790

────────────────────────────────────────────────────
Month total                                  $20,667

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. 09/G/274107 is the state's own key, not one this site invented.