MIDLAND NATIONAL BANK TRUSTEE

Operated by TEXAS INVESTMENTS (P-5 846632) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23642District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$181 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered
1952-12-22
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 2018-02-13.

The Commission's schedule remark for this field reads: SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.

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
OilDisposition8,681 bbl$180,984
Casinghead gasProduction845 Mcf$0
Total$180,984

845 Mcf of this lease's gas, across 20 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (2)

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 31.9585, -101.7539. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles. 1 well has no surveyed location and is left out of it.

31.95852, -101.75387 · centre of 1 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
100.0%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
8,525 ft
2 wells filed one
Completion to plug
30.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 8,500 and 8,550 ft, median 8,525 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1975
1 of 2 wells; 1 filed none
Plug dates filed
Jan 1979 – Nov 2005
2 of 2 wells

Last completion to plug: a median of 30.3 years across the 1 well that filed both dates, with the middle half between 30.3 years and 30.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-1733023118,550 ftJan 1979Yes
42-1733027028,500 ftJul 1975Nov 2005Yes

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 200547058.3413.80$2,742
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005135049.207.36$6,642
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 2004114034.365.53$3,917
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 2003158030.266.30$4,781
Nov 20030028.804.60$0
Oct 2003163028.174.76$4,592
Sep 2003172026.314.75$4,525
Aug 20030029.765.13$0
Jul 2003152029.415.17$4,470
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 2003322031.146.10$10,027
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 2002141018.222.38$2,569
Jan 20020017.172.38$0
Dec 2001148016.932.36$2,506
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001144024.262.25$3,493
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 2001162024.685.34$3,998
Mar 20010024.545.38$0
Feb 2001168027.755.77$4,662
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000110032.215.66$3,543
Oct 20000031.235.15$0
Sep 2000166031.875.19$5,290
Aug 20000029.644.54$0
Jul 2000162028.534.09$4,622
Jun 20000029.304.40$0
May 2000113027.263.68$3,080
Apr 20000024.513.12$0
Mar 2000152028.422.86$4,320
Feb 20000027.622.73$0
Jan 2000162025.272.48$4,094
Dec 19990024.282.42$0
Nov 1999164023.192.43$3,803
Oct 19990020.982.80$0
Sep 1999109021.752.62$2,371
Aug 19990019.262.88$0
Jul 1999172017.892.37$3,077
Jun 1999181015.942.36$2,885
May 1999182015.792.32$2,874
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 1998156012.592.08$1,964
Aug 19980011.301.91$0
Jul 1998178011.742.24$2,090
Jun 1998313011.242.24$3,518
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 1998164013.952.30$2,288
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 1997172019.253.15$3,311
Sep 19970017.742.95$0
Aug 1997176017.862.55$3,143
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 1997174018.972.31$3,301
Apr 19970017.882.08$0
Mar 1997174018.951.94$3,297
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 1996184023.32$4,291
Nov 19960021.97$0
Oct 19960023.31$0
Sep 1996180022.22$4,000
Aug 19960020.26$0
Jul 1996178019.55$3,480
Jun 19960018.73$0
May 1996177019.43$3,439
Apr 19960021.51$0
Mar 1996341019.38$6,609
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 1995175015.43$2,700
Sep 1995175016.18$2,832
Aug 19950015.92$0
Jul 1995172015.24$2,621
Jun 19950016.41$0
May 19950017.56$0
Apr 1995174017.73$3,085
Mar 19950016.44$0
Feb 1995177016.58$2,935
Jan 19950015.92$0
Dec 1994167015.03$2,510
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 1994168116.13$2,710
Jul 19940117.56$0
Jun 19940117.09$0
May 19940115.88$0
Apr 19940114.14$0
Mar 1994352112.46$4,386
Feb 19940112.50$0
Jan 19940112.66$0
Dec 1993170112.33$2,096
Nov 199307614.49$0
Oct 19931727615.85$2,726
Sep 199307615.03$0
Aug 199307615.66$0
Jul 19931707615.46$2,628
Jun 199307616.79$0
May 19931777617.68$3,129
Apr 199307618.05$0
Mar 19931667618.14$3,011
Feb 199307617.90$0
Jan 199307616.93$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.

Oct 2005 — as filed, then multipliedworked
Oil                   47 bbl  × $ 58.34 =     $2,742
Casinghead gas         0 Mcf  × $ 13.80 =         $0

────────────────────────────────────────────────────
Month total                                   $2,742

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/23642 is the state's own key, not one this site invented.