SPEARY FAMILY TRUST UNIT A

Operated by BURLINGTON RESOURCES O & G CO LP (P-5 109333) in the SUGARKANE (EAGLE FORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 277540District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.7 M
Mar 2015 – May 2026
Value, last 12 filed months
$215 k
at the published price for each month
Months reported
135
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 1,993 leases and 2,259 wells, and the rule below applies to all of them.

Discovered
2009-12-01
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 80 acres. The field rule took effect on 2017-10-10.

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: GAS WELLS

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 Gas112016-03-24218306
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
CondensateDisposition190,309 bbl$9,295,824
GasProduction1,155,578 Mcf$3,356,118
Total$12,651,941

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 28.9394, -97.7483. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.93938, -97.74826 · 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
13,240 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 13,240 ft.

Completions filed
Dec 2015
1 of 1 wells

1 well

42-25533953313,240 ftDec 2015

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 (135)

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

135 months

May 20261792,056106.413.05$25,310
Apr 202616137698.932.87$17,007
Mar 2026022489.753.15$705
Feb 202602,00763.503.75$7,527
Jan 20260059.138.00$0
Dec 202509156.664.41$402
Nov 202518913358.593.93$11,596
Oct 202501,28859.383.30$4,257
Sep 20253663,49662.743.08$33,720
Aug 20255493,65763.933.01$46,123
Jul 20253423,40766.743.32$34,120
Jun 20253753,05566.483.13$34,488
May 20253793,35760.553.23$33,799
Apr 20253773,40562.363.54$35,574
Mar 20251852,41167.704.27$22,815
Feb 20250070.884.34$0
Jan 20253622,12574.324.28$35,996
Dec 20241902,33468.993.12$20,393
Nov 20243722,14169.052.20$30,393
Oct 20243613,82971.372.28$34,500
Sep 20241871,41569.612.36$16,363
Aug 20241771,68675.632.06$16,866
Jul 20241821,41379.932.15$17,580
Jun 20241832,14078.082.63$19,925
May 20243723,15778.812.20$36,258
Apr 20243683,51784.451.66$36,913
Mar 20241873,77180.301.55$20,843
Feb 20243393,16076.091.78$31,431
Jan 20243673,03873.023.30$36,817
Dec 20233803,07971.262.61$35,117
Nov 20231722,17477.892.81$19,501
Oct 20233482,88385.443.09$38,634
Sep 20231853,60389.042.74$26,327
Aug 20233513,55380.522.67$37,759
Jul 20233673,53974.852.64$36,819
Jun 20235345,60268.962.26$49,477
May 20230070.622.23$0
Apr 2023084878.122.24$1,898
Mar 20233803,16172.852.39$35,248
Feb 20233593,47875.112.47$35,540
Jan 20233603,39776.533.39$39,059
Dec 20223573,78376.415.73$48,951
Nov 20225573,57985.005.65$67,553
Oct 20223443,49187.185.86$50,460
Sep 20223583,38984.888.16$58,054
Aug 20223613,55194.529.13$66,532
Jul 20223493,932101.587.54$65,107
Jun 20227186,209115.097.98$132,165
May 20221794,233109.378.43$55,274
Apr 202200104.226.84$0
Mar 2022015108.885.08$76
Feb 2022018491.054.86$894
Jan 20225412,98481.844.54$57,816
Dec 20215193,72371.323.90$51,532
Nov 20213223,02577.435.24$40,774
Oct 20217296,23179.795.71$93,770
Sep 202101,84369.865.35$9,862
Aug 202136431266.024.22$25,348
Jul 20211843,09270.783.98$25,336
Jun 20214973,48669.493.38$46,321
May 20213653,42463.483.02$33,503
Apr 20213322,82260.362.76$27,824
Mar 20215552,97261.302.72$42,096
Feb 20213792,97857.805.55$38,428
Jan 20213864,18850.412.81$31,228
Dec 20205633,80344.642.68$35,307
Nov 20203663,50838.772.71$23,684
Oct 20203463,84436.972.48$22,319
Sep 20205103,81537.091.99$26,512
Aug 20203643,93739.982.39$23,943
Jul 20203544,01338.371.83$20,907
Jun 20203503,86934.901.69$18,755
May 20203573,90316.921.81$13,123
Apr 20201713,21014.751.80$8,314
Mar 20203683,99130.341.86$18,573
Feb 20207345,93349.881.98$48,363
Jan 20205556,64357.252.09$45,689
Dec 20197165,80559.012.30$55,628
Nov 20197006,31655.302.75$56,083
Oct 20195046,06253.472.42$41,610
Sep 20196086,80455.052.66$51,551
Aug 20196426,75753.112.30$49,667
Jul 20194205,76956.272.46$37,825
Jun 20195446,78152.782.49$45,605
May 20195496,96858.482.74$51,200
Apr 20197637,45462.632.75$68,290
Mar 20198517,62356.803.06$71,679
Feb 20197737,18050.852.79$59,355
Jan 20199228,31946.033.23$69,295
Dec 20189555,99046.594.19$69,564
Nov 20189418,59852.934.24$86,239
Oct 20189337,36461.443.40$82,347
Sep 201895210,07959.543.11$88,008
Aug 20181,1098,53659.403.07$92,051
Jul 20181,1229,73165.142.93$101,617
Jun 20189466,25260.183.08$76,167
May 20186646,16665.382.90$61,299
Apr 20189696,32863.842.90$80,217
Mar 20181,0156,66261.222.79$80,704
Feb 20189696,28661.782.77$77,253
Jan 20181,1557,13362.874.01$101,213
Dec 20171,1737,41757.272.92$88,847
Nov 20171,0697,00455.423.12$81,085
Oct 20171,1807,95449.292.98$81,894
Sep 20171,2298,72747.523.09$85,345
Aug 20179866,94645.373.00$65,603
Jul 20171,2848,97843.873.09$84,047
Jun 20171,2758,67742.493.09$80,963
May 20171,4319,74545.373.26$96,726
Apr 20171,4559,88147.933.21$101,472
Mar 20171,56210,72146.772.98$105,043
Feb 20171,50510,47650.452.95$106,859
Jan 20171,75312,25749.413.42$128,520
Dec 20161,87712,92748.763.72$139,648
Nov 20161,86513,48842.492.64$114,911
Oct 20162,11615,77446.193.09$146,484
Sep 20162,25215,23141.553.10$140,796
Aug 20162,44614,15241.442.92$142,748
Jul 20162,51715,56541.622.92$150,275
Jun 20162,72116,16045.352.69$166,800
May 20163,24919,28942.521.99$176,553
Apr 20163,57321,11236.561.99$172,664
Mar 20164,20725,26433.011.79$184,197
Feb 20164,70528,08826.472.06$182,505
Jan 20165,92233,32427.352.36$240,757
Dec 20155,77328,51532.362.00$243,884
Nov 20156,33930,46238.792.17$311,911
Oct 20156,27332,18343.552.43$351,284
Sep 20157,11633,64242.992.76$398,716
Aug 20158,68841,42040.162.87$467,889
Jul 201510,83249,90648.152.95$668,538
Jun 201511,71551,92056.152.88$807,475
May 201512,19951,84755.212.96$826,738
Apr 201517,27377,24749.822.71$1,069,615
Mar 20157,40826,39542.892.93$395,191

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           179 bbl  × $106.41 =    $19,047
Gas                2,056 Mcf  × $  3.05 =     $6,262

────────────────────────────────────────────────────
Month total                                  $25,310

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. 02/G/277540 is the state's own key, not one this site invented.