TXL -11-

Operated by SMITH PIPE OF ABILENE (P-5 794745) 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 25423District 08Field 85280300NGPA filingOilCasinghead gasSaveExport
Value, all time
$135 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.

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
NGPA2none

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
OilDisposition6,811 bbl$121,961
Casinghead gasProduction12,270 Mcf$13,076
Total$135,037

7,386 Mcf of this lease's gas, across 48 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 31.8093, -101.6973. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.80934, -101.69734 · 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
100.0%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
8,565 ft
2 wells filed one
Completion to plug
25.7 years
median over 2 wells

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 8,540 and 8,590 ft, median 8,565 ft, over the 2 wells that filed a depth.

Completions filed
May 1979 – Dec 1979
2 of 2 wells
Plug dates filed
Apr 2005 – May 2005
2 of 2 wells

Last completion to plug: a median of 25.7 years across the 2 wells that filed both dates, with the middle half between 25.6 years and 25.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-1733100828,540 ftDec 1979May 2005Yes
42-1733095918,590 ftMay 1979Apr 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 20050058.3413.80$0
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 20050049.207.36$0
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 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
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 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 200168024.685.34$1,678
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 200106027.478.40$504
Dec 200006026.889.12$547
Nov 20001576032.215.66$5,396
Oct 200006031.235.15$309
Sep 200006531.875.19$337
Aug 200006229.644.54$282
Jul 20001506028.534.09$4,525
Jun 200006129.304.40$268
May 200008927.263.68$328
Apr 2000010724.513.12$333
Mar 200018711928.422.86$5,655
Feb 200006727.622.73$183
Jan 200008825.272.48$218
Dec 199909924.282.42$240
Nov 199918410723.192.43$4,527
Oct 199908320.982.80$233
Sep 199907221.752.62$189
Aug 199906819.262.88$196
Jul 19991866317.892.37$3,477
Jun 1999013015.942.36$307
May 1999018615.792.32$432
Apr 1999017415.102.21$384
Mar 199918317112.471.84$2,596
Feb 199902299.981.82$416
Jan 1999021810.381.90$414
Dec 199802049.201.77$362
Nov 1998019710.892.19$431
Oct 199819219312.421.97$2,765
Sep 199806012.592.08$125
Aug 199806011.301.91$114
Jul 199806011.742.24$134
Jun 19981729211.242.24$2,139
May 1998013812.622.21$304
Apr 199817615013.042.51$2,671
Mar 1998013912.802.31$321
Feb 1998013213.952.30$303
Jan 199814611814.702.15$2,400
Dec 199719212316.322.41$3,430
Nov 199706018.193.09$185
Oct 199706019.253.15$189
Sep 19971806017.742.95$3,370
Aug 199706017.862.55$153
Jul 199706017.582.25$135
Jun 19971996017.242.26$3,566
May 199706018.972.31$139
Apr 19971676017.882.08$3,111
Mar 199706018.951.94$116
Feb 199706020.492.21$132
Jan 19971966023.483.54$4,814
Dec 199606023.32$0
Nov 19961806021.97$3,955
Oct 199606023.31$0
Sep 19961916022.22$4,244
Aug 199606020.26$0
Jul 199606019.55$0
Jun 19961826018.73$3,409
May 1996012019.43$0
Apr 199618512021.51$3,979
Mar 1996012019.38$0
Feb 199619117416.98$3,243
Jan 1996014617.07$0
Dec 199518715517.19$3,215
Nov 199515119116.00$2,416
Oct 1995020415.43$0
Sep 1995021416.18$0
Aug 199519421215.92$3,088
Jul 1995321315.24$46
Jun 199516825416.41$2,757
May 1995025917.56$0
Apr 199538520717.73$6,826
Mar 199538314916.44$6,297
Feb 1995015416.58$0
Jan 1995618115.92$96
Dec 1994017715.03$0
Nov 1994418415.90$64
Oct 1994112115.58$16
Sep 1994312715.29$46
Aug 19941816.13$16
Jul 199418218217.56$3,196
Jun 1994317217.09$51
May 199418515915.88$2,938
Apr 1994113114.14$14
Mar 199418316112.46$2,280
Feb 1994215512.50$25
Jan 1994015712.66$0
Dec 199318316812.33$2,256
Nov 1993016414.49$0
Oct 199318220315.85$2,885
Sep 199318118915.03$2,720
Aug 1993118715.66$16
Jul 199317818815.46$2,752
Jun 1993018216.79$0
May 199318816917.68$3,324
Apr 1993118918.05$18
Mar 199319017818.14$3,447
Feb 1993118417.90$18
Jan 1993015816.93$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.

Apr 2001 — as filed, then multipliedworked
Oil                   68 bbl  × $ 24.68 =     $1,678
Casinghead gas         0 Mcf  × $  5.34 =         $0

────────────────────────────────────────────────────
Month total                                   $1,678

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/25423 is the state's own key, not one this site invented.