SPRING VALLEY RANCH 'K'

Operated by NORTHFIELD ENTERPRISES, INC. (P-5 614551) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24902District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$10.9 M
May 2006 – May 2026
Value, last 12 filed months
$159 k
at the published price for each month
Months reported
241
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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
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 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

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
OilDisposition138,580 bbl$10,744,852
Casinghead gasProduction29,300 Mcf$122,852
Total$10,867,703

Every month this lease reported (241)

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

241 months

May 20261740106.413.05$18,515
Apr 2026191098.932.87$18,896
Mar 2026365089.753.15$32,759
Feb 20260063.503.75$0
Jan 2026195059.138.00$11,530
Dec 2025183056.664.41$10,369
Nov 2025193058.593.93$11,308
Oct 2025178059.383.30$10,570
Sep 2025173062.743.08$10,854
Aug 2025346063.933.01$22,120
Jul 20250066.743.32$0
Jun 2025177066.483.13$11,767
May 2025362060.553.23$21,919
Apr 2025179062.363.54$11,162
Mar 2025181067.704.27$12,254
Feb 2025177070.884.34$12,546
Jan 2025181074.324.28$13,452
Dec 2024188068.993.12$12,970
Nov 2024368069.052.20$25,410
Oct 2024176071.372.28$12,561
Sep 2024178069.612.36$12,391
Aug 2024178075.632.06$13,462
Jul 2024354079.932.15$28,295
Jun 2024178078.082.63$13,898
May 2024179078.812.20$14,107
Apr 2024354084.451.66$29,895
Mar 2024182080.301.55$14,615
Feb 2024380076.091.78$28,914
Jan 2024186073.023.30$13,582
Dec 2023178071.262.61$12,684
Nov 2023186077.892.81$14,488
Oct 2023355085.443.09$30,331
Sep 2023354089.042.74$31,520
Aug 20231782380.522.67$14,394
Jul 202316746774.852.64$13,734
Jun 202335420868.962.26$24,882
May 2023341070.622.23$24,081
Apr 2023175078.122.24$13,671
Mar 2023366072.852.39$26,663
Feb 2023175075.112.47$13,144
Jan 2023360076.533.39$27,551
Dec 2022349076.415.73$26,667
Nov 2022196085.005.65$16,660
Oct 2022338087.185.86$29,467
Sep 2022181084.888.16$15,363
Aug 2022350094.529.13$33,082
Jul 20221660101.587.54$16,862
Jun 20225300115.097.98$60,998
May 20225610109.378.43$61,357
Apr 20221760104.226.84$18,343
Mar 202200108.885.08$0
Feb 2022522091.054.86$47,528
Jan 2022346081.844.54$28,317
Dec 2021497071.323.90$35,446
Nov 2021350077.435.24$27,101
Oct 20210079.795.71$0
Sep 2021190069.865.35$13,273
Aug 2021363066.024.22$23,965
Jul 2021184070.783.98$13,024
Jun 2021182069.493.38$12,647
May 2021546063.483.02$34,660
Apr 2021357060.362.76$21,549
Mar 2021538061.302.72$32,979
Feb 2021366057.805.55$21,155
Jan 2021696050.412.81$35,085
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 2020016514.751.80$298
Mar 202035156830.341.86$11,704
Feb 202035467749.881.98$18,998
Jan 202055122857.252.09$32,022
Dec 2019549059.012.30$32,396
Nov 20191859255.302.75$10,484
Oct 201902153.472.42$51
Sep 201902755.052.66$72
Aug 2019011353.112.30$260
Jul 20191762956.272.46$9,975
Jun 20193591952.782.49$18,995
May 20195136558.482.74$30,178
Apr 20193522662.632.75$22,117
Mar 20193563656.803.06$20,331
Feb 20193563550.852.79$18,200
Jan 20196952446.033.23$32,068
Dec 20181753246.594.19$8,287
Nov 20185474452.934.24$29,139
Oct 20185261961.443.40$32,382
Sep 20181811559.543.11$10,823
Aug 20183589259.403.07$21,547
Jul 20185384265.142.93$35,168
Jun 20183716860.183.08$22,536
May 20185434465.382.90$35,629
Apr 20185495263.842.90$35,199
Mar 2018534761.222.79$32,711
Feb 20181811361.782.77$11,218
Jan 20183411462.874.01$21,495
Dec 2017549857.272.92$31,465
Nov 2017562055.423.12$31,146
Oct 20174049.292.98$197
Sep 20172147.523.09$98
Aug 2017355245.373.00$16,112
Jul 2017352343.873.09$15,452
Jun 2017188042.493.09$7,988
May 2017711245.373.26$32,265
Apr 20177047.933.21$336
Mar 201768346.772.98$528
Feb 20173050.452.95$151
Jan 20170049.413.42$0
Dec 201613948.763.72$194
Nov 2016366042.492.64$15,551
Oct 201692738846.193.09$44,017
Sep 201672143741.553.10$31,313
Aug 20161,09637041.442.92$46,500
Jul 201688426341.622.92$37,561
Jun 20161,28815045.352.69$58,814
May 201655118942.521.99$23,805
Apr 20161,07432336.561.99$39,909
Mar 20161,464233.011.79$48,330
Feb 20160126.472.06$2
Jan 20160227.352.36$5
Dec 201501132.362.00$22
Nov 20150138.792.17$2
Oct 20150043.552.43$0
Sep 2015020042.992.76$552
Aug 201535335940.162.87$15,208
Jul 201574347548.152.95$37,174
Jun 20151,10748556.152.88$63,556
May 201575941055.212.96$43,116
Apr 20151,13037449.822.71$57,309
Mar 201592850042.892.93$41,269
Feb 20153751544.662.98$16,792
Jan 2015023843.433.10$738
Dec 201490238254.693.59$50,702
Nov 201457234270.464.25$41,757
Oct 201494748178.303.90$76,026
Sep 20141,10131786.164.05$96,145
Aug 201475341689.394.04$68,989
Jul 20141,30238596.564.18$127,330
Jun 201494129798.164.74$93,775
May 201494522994.734.73$90,602
Apr 20141,30014795.944.81$125,429
Mar 20141,32219995.895.06$127,773
Feb 201476037897.406.19$76,365
Jan 20141,13629890.404.86$104,143
Dec 20131,39835191.824.35$129,893
Nov 20131,13047988.853.74$102,191
Oct 20131,49543097.423.78$147,268
Sep 20131,366195104.113.72$142,939
Aug 20131,400280104.253.52$146,936
Jul 20131,284405102.523.72$133,141
Jun 20131,67149394.403.93$159,682
May 20132,24872094.834.15$216,165
Apr 20131,67661793.964.28$160,119
Mar 20132,61650893.623.91$246,898
Feb 20132,63027491.233.42$240,872
Jan 20132,37835791.603.42$219,046
Dec 201293420486.773.42$81,741
Nov 201290533586.953.62$79,904
Oct 20122,95622289.383.40$264,962
Sep 201274040194.672.92$71,226
Aug 20122,00420192.662.91$186,275
Jul 201273754885.133.02$64,396
Jun 20123,01577779.822.52$242,615
May 20123,15035991.612.49$289,465
Apr 20121,289338101.652.00$131,702
Mar 20121,835358105.052.22$193,562
Feb 20122,637230101.102.57$267,192
Jan 20122,84611398.092.73$279,473
Dec 20113,7199296.873.24$360,558
Nov 20113,711095.723.31$355,217
Oct 2011410084.983.65$34,842
Sep 2011183083.623.99$15,302
Aug 20110083.404.15$0
Jul 2011181194.144.52$17,044
Jun 20111092.904.64$93
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100680.843.80$23
Oct 201003578.103.51$123
Sep 201007672.633.98$302
Aug 2010121573.684.42$1,024
Jul 201036513972.554.74$27,139
Jun 201035821370.364.91$26,235
May 2010113071.124.24$622
Apr 2010012781.694.12$524
Mar 2010011278.394.39$492
Feb 2010010173.585.44$550
Jan 2010017074.365.96$1,014
Dec 20095387771.445.48$38,857
Nov 200908774.593.75$326
Oct 200952714772.544.11$38,833
Sep 2009014165.543.06$432
Aug 200935710267.423.22$24,397
Jul 200955512761.133.46$34,367
Jun 2009381066.163.90$25,207
May 20090054.743.93$0
Apr 20093861046.773.59$18,089
Mar 20090242.144.06$8
Feb 20090032.814.63$0
Jan 200902635.865.37$140
Dec 20081947237.105.98$7,628
Nov 20081807255.496.86$10,482
Oct 200839110975.246.92$30,173
Sep 2008379151101.767.88$39,756
Aug 2008578173114.228.48$67,487
Jul 2008193187131.0811.39$27,428
Jun 2008384146131.3313.03$52,333
May 2008388159123.1711.57$49,630
Apr 200858389110.3110.45$65,241
Mar 2008579109101.909.66$60,053
Feb 200818510992.538.77$18,074
Jan 200839539490.388.21$38,933
Dec 200757619288.337.30$52,280
Nov 200739626291.677.29$38,212
Oct 200777814182.856.92$65,433
Sep 200739233675.846.24$31,827
Aug 200758426069.066.39$41,992
Jul 200778326870.906.39$57,227
Jun 20071,15926062.007.55$73,821
May 200757111358.747.85$34,427
Apr 200759029559.617.81$37,472
Mar 20079737856.927.30$55,953
Feb 20071,15317355.108.22$64,952
Jan 20071,4827950.306.73$75,076
Dec 20067464656.656.92$42,579
Nov 20061,14522254.207.62$63,750
Oct 20062,38619354.906.01$132,152
Sep 20061,43913460.085.04$87,130
Aug 20061,37635268.717.34$97,129
Jul 20062,18732869.376.34$153,793
Jun 20062,233066.286.38$148,003
May 20061,731066.016.42$114,263

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                  174 bbl  × $106.41 =    $18,515
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,515

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. 03/O/24902 is the state's own key, not one this site invented.