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PHOENIX

Operated by BLACK SHEEP OPERATING, LLC (P-5 72694) in the PANHANDLE GRAY COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8799District 10Field 68873001OilCasinghead gasSaveExport
Value, all time
$2.1 M
Dec 2013 – May 2026
Value, last 12 filed months
$63 k
at the published price for each month
Months reported
150
no gaps in the span
Streams
2
oil, casinghead gas

The PANHANDLE GRAY COUNTY FIELD 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 837 leases and 6,360 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
467 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 1989-05-01.

The Commission's schedule remark for this field reads: “UNTIL THE FLUID MIGRATION FROM SUCH STRATA IS ELIMINATED.”

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
OilDisposition27,274 bbl$1,953,681
Casinghead gasProduction34,999 Mcf$114,813
Total$2,068,493

Wells on this lease (11)

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 35.4634, -101.0195. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.46421, -101.01988 · 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 11 wells
With a plug date
0.0%
0 of 11 wells
Median depth
3,465 ft
11 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.
11100.0%

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

Total depth in feet, 11 of 11 wells. Median 3,465 ft, with the middle half between 3,456 and 3,498 ft; the shallowest is 3,451 ft and the deepest 3,520 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 11 of 11 wells, May 2012 – Jan 2013. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 2012 – Jan 2013
11 of 11 wells

11 wells

42-17932599163,504 ftJan 2013——
42-17932600153,503 ftJan 2013——
42-17932596143,465 ftOct 2012——
42-17932595133,492 ftSep 2012——
42-17932593113,464 ftSep 2012——
42-17932592103,520 ftSep 2012——
42-17932594123,459 ftSep 2012——
42-1793259183,453 ftMay 2012——
42-1793258973,480 ftMay 2012——
42-1793259093,453 ftMay 2012——
42-1793258863,451 ftMay 2012——

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 (150)

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

150 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 202602689.753.15$82
Feb 202615519863.503.75$10,585
Jan 2026057859.138.00$4,623
Dec 202512041456.664.41$8,626
Nov 2025032158.593.93$1,260
Oct 202516338159.383.30$10,938
Sep 2025037562.743.08$1,154
Aug 20251745563.933.01$11,290
Jul 2025029766.743.32$985
Jun 202518231466.483.13$13,082
May 2025037260.553.23$1,202
Apr 202514837262.363.54$10,547
Mar 202525717967.704.27$18,163
Feb 202516018770.884.34$12,153
Jan 202517531574.324.28$14,354
Dec 2024035768.993.12$1,114
Nov 202417913569.052.20$12,657
Oct 202417637471.372.28$13,414
Sep 202417841569.612.36$13,372
Aug 202417533775.632.06$13,931
Jul 202418533779.932.15$15,510
Jun 202417833978.082.63$14,791
May 202422239278.812.20$18,358
Apr 202451239284.451.66$43,889
Mar 202417535280.301.55$14,596
Feb 2024179076.091.78$13,620
Jan 2024247073.023.30$18,036
Dec 2023328071.262.61$23,373
Nov 2023176077.892.81$13,709
Oct 2023357085.443.09$30,502
Sep 2023159089.042.74$14,157
Aug 2023289080.522.67$23,270
Jul 2023321074.852.64$24,027
Jun 2023344068.962.26$23,722
May 2023504070.622.23$35,592
Apr 2023660078.122.24$51,559
Mar 2023832072.852.39$60,611
Feb 2023517075.112.47$38,832
Jan 2023168076.533.39$12,857
Dec 2022164076.415.73$12,531
Nov 2022170085.005.65$14,450
Oct 2022183087.185.86$15,954
Sep 2022179084.888.16$15,194
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
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
Jun 20180060.183.08$0
May 2018186065.382.90$12,161
Apr 20180063.842.90$0
Mar 2018185061.222.79$11,326
Feb 20180061.782.77$0
Jan 2018181062.874.01$11,379
Dec 2017370057.272.92$21,190
Nov 2017173055.423.12$9,588
Oct 2017365049.292.98$17,991
Sep 20170047.523.09$0
Aug 2017348045.373.00$15,789
Jul 2017173043.873.09$7,590
Jun 20170042.493.09$0
May 2017185045.373.26$8,393
Apr 20170047.933.21$0
Mar 2017176046.772.98$8,232
Feb 2017180050.452.95$9,081
Jan 20170049.413.42$0
Dec 2016164048.763.72$7,997
Nov 2016710042.492.64$30,168
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 201601,19545.352.69$3,210
May 201601,58242.521.99$3,150
Apr 20164451,17036.561.99$18,599
Mar 20161721,51233.011.79$8,390
Feb 20161801,61526.472.06$8,097
Jan 20165231,64027.352.36$18,182
Dec 2015059732.362.00$1,195
Nov 20150038.792.17$0
Oct 201517651443.552.43$8,912
Sep 201518021342.992.76$8,326
Aug 2015042040.162.87$1,206
Jul 201552554548.152.95$26,884
Jun 20155321,03656.152.88$32,858
May 20153491,11155.212.96$22,552
Apr 20155281,14049.822.71$29,390
Mar 20155311,32442.892.93$26,660
Feb 20153471,14444.662.98$18,902
Jan 201551840743.433.10$23,759
Dec 201435139354.693.59$20,608
Nov 201435458270.464.25$27,417
Oct 201435857278.303.90$30,263
Sep 201452771186.164.05$48,283
Aug 201435068189.394.04$34,034
Jul 201453375996.564.18$54,639
Jun 201470673798.164.74$72,792
May 201436077594.734.73$37,766
Apr 20141,11178295.944.81$110,350
Mar 2014083195.895.06$4,202
Feb 20141,45697897.406.19$147,870
Jan 20142,0141,11590.404.86$187,485
Dec 20131,4611,10491.824.35$138,956

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.

Mar 2026 — as filed, then multipliedworked
Oil                    0 bbl  × $ 89.75 =         $0
Casinghead gas        26 Mcf  × $  3.15 =        $82

────────────────────────────────────────────────────
Month total                                      $82

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. 10/O/8799 is the state's own key, not one this site invented.