PFLUGER -C-

Operated by INDEPENDENCE RESOURCES MGMT, LLC (P-5 423716) in the LOWER HALF (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 37490District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$15.3 M
Dec 2004 – Feb 2020
Value, last 12 filed months
$131 k
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 46 leases and 237 wells, and the rule below applies to all of them.

Discovered
1985-05-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1991-10-01.

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: 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
OilDisposition171,661 bbl$12,165,937
Casinghead gasProduction701,047 Mcf$3,165,677
Total$15,331,614

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

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 20192391,95455.052.66$18,349
Aug 20192431,79553.112.30$17,042
Jul 20192501,82756.272.46$18,562
Jun 20192431,75152.782.49$17,188
May 20191931,90558.482.74$16,507
Apr 20193101,79162.632.75$24,342
Mar 20192521,51156.803.06$18,940
Feb 20191571,41850.852.79$11,943
Jan 20194661,78146.033.23$27,199
Dec 20184682,41446.594.19$31,908
Nov 20185902,77752.934.24$42,996
Oct 20185883,17361.443.40$46,909
Sep 20183063,51859.543.11$29,153
Aug 20184973,35259.403.07$39,801
Jul 20186273,35765.142.93$50,685
Jun 20184683,52060.183.08$38,995
May 20184143,95565.382.90$38,540
Apr 20184943,86763.842.90$42,754
Mar 20184043,80861.222.79$35,345
Feb 20185863,47961.782.77$45,826
Jan 20185523,47562.874.01$48,637
Dec 20178783,19757.272.92$59,623
Nov 20173173,34055.423.12$27,983
Oct 20176863,83649.292.98$45,258
Sep 20173643,49647.523.09$28,090
Aug 20176804,08545.373.00$43,125
Jul 20175134,07743.873.09$35,092
Jun 20177063,54042.493.09$40,927
May 20172923,42645.373.26$24,428
Apr 20172663,22147.933.21$23,094
Mar 20172683,42846.772.98$22,762
Feb 20174363,17350.452.95$31,365
Jan 20173263,70849.413.42$28,785
Dec 20164183,69448.763.72$34,134
Nov 20162613,37142.492.64$20,004
Oct 20164033,62146.193.09$29,804
Sep 20162043,52841.553.10$19,415
Aug 20162073,91941.442.92$20,039
Jul 20164163,93141.622.92$28,810
Jun 20163853,55245.352.69$27,000
May 20163803,01142.521.99$22,153
Apr 20163213,26936.561.99$18,244
Mar 20165373,66233.011.79$24,296
Feb 20163072,77026.472.06$13,843
Jan 20164832,35627.352.36$18,780
Dec 20154872,60132.362.00$20,965
Nov 20154342,20538.792.17$21,614
Oct 20154422,58243.552.43$25,515
Sep 20153042,88442.992.76$21,024
Aug 20154283,57740.162.87$27,463
Jul 20153643,40948.152.95$27,566
Jun 20153193,07156.152.88$26,765
May 20154653,59655.212.96$36,300
Apr 20154493,80449.822.71$32,665
Mar 20155493,96842.892.93$35,192
Feb 20155963,22944.662.98$36,227
Jan 20154053,60443.433.10$28,764
Dec 20144173,93954.693.59$36,952
Nov 20146674,27870.464.25$65,186
Oct 20147554,28978.303.90$75,848
Sep 20146144,45786.164.05$70,933
Aug 20143854,58489.394.04$52,912
Jul 20144934,70896.564.18$67,282
Jun 20144504,72998.164.74$66,573
May 20144284,54894.734.73$62,041
Apr 20145964,47995.944.81$78,720
Mar 20145185,12095.895.06$75,562
Feb 20146314,24697.406.19$87,751
Jan 20145344,31590.404.86$69,248
Dec 20134744,03291.824.35$61,080
Nov 20134213,97688.853.74$52,269
Oct 20136414,42697.423.78$79,174
Sep 20138294,031104.113.72$101,293
Aug 20134634,296104.253.52$63,401
Jul 20135134,096102.523.72$67,821
Jun 20134363,78494.403.93$56,042
May 20133853,50194.834.15$51,035
Apr 20132663,16193.964.28$38,531
Mar 20135672,50893.623.91$62,896
Feb 20135432,56591.233.42$58,310
Jan 20136183,89291.603.42$69,919
Dec 20125293,21286.773.42$56,887
Nov 20129023,57886.953.62$91,399
Oct 20128664,05789.383.40$91,196
Sep 20126814,39894.672.92$77,305
Aug 20128625,10092.662.91$94,705
Jul 20127425,51285.133.02$79,817
Jun 20126545,49479.822.52$66,042
May 20129516,58791.612.49$103,512
Apr 20129597,038101.652.00$111,536
Mar 20128587,064105.052.22$105,830
Feb 20128326,060101.102.57$99,691
Jan 20121,1125,58998.092.73$124,357
Dec 20118475,96896.873.24$101,384
Nov 20115226,32995.723.31$70,923
Oct 20111,3467,21884.983.65$140,718
Sep 20115014,90483.623.99$61,440
Aug 20119455,54183.404.15$101,804
Jul 20111,1434,76294.144.52$129,113
Jun 20118004,38992.904.64$94,684
May 20117694,57698.134.40$95,618
Apr 20117674,664105.964.33$101,482
Mar 20111,0545,34396.364.06$123,242
Feb 20119354,66585.644.18$99,573
Jan 20111,0786,01386.504.59$120,839
Dec 20101,5236,65085.734.35$159,479
Nov 20101,2136,78080.843.80$123,791
Oct 20101,0175,86578.103.51$100,007
Sep 20101,1656,90672.633.98$112,096
Aug 20101,4346,91373.684.42$136,208
Jul 20101,1906,95872.554.74$119,291
Jun 20101,2076,76070.364.91$118,119
May 20101,7007,45871.124.24$152,490
Apr 20101,4857,63481.694.12$152,782
Mar 20102,0537,50878.394.39$193,885
Feb 20107703,92373.585.44$78,007
Jan 20101,3666,06274.365.96$137,730
Dec 20091,5186,75971.445.48$145,511
Nov 20091,2545,89774.593.75$115,658
Oct 20091,2735,32072.544.11$114,210
Sep 20091,3206,04065.543.06$105,024
Aug 20091,3706,16867.423.22$112,217
Jul 20091,3405,82061.133.46$102,078
Jun 20091,0484,70266.163.90$87,650
May 20091,2856,04254.743.93$94,060
Apr 20091,3707,41446.773.59$90,673
Mar 20091,3074,36342.144.06$72,786
Feb 20091,3804,20532.814.63$64,760
Jan 20091,5454,47035.865.37$79,412
Dec 20081,8184,46437.105.98$94,130
Nov 20081,5653,68855.496.86$112,143
Oct 20081,3444,47575.246.92$132,098
Sep 20081,5253,814101.767.88$185,227
Aug 20081,4743,780114.228.48$200,426
Jul 20081,7044,019131.0811.39$269,134
Jun 20081,4013,403131.3313.03$228,343
May 20082,0373,818123.1711.57$295,088
Apr 20082,0274,094110.3110.45$266,401
Mar 20081,3033,458101.909.66$166,194
Feb 20081,9753,22092.538.77$210,988
Jan 20081,8893,21190.388.21$197,076
Dec 20071,7343,25088.337.30$176,896
Nov 20071,8823,34091.677.29$196,877
Oct 20072,1004,29982.856.92$203,743
Sep 20072,4474,75475.846.24$215,265
Aug 20072,2874,23969.066.39$185,019
Jul 20072,4694,96570.906.39$206,768
Jun 20073,2536,03062.007.55$247,203
May 20072,9635,49658.747.85$217,170
Apr 20071,6303,13559.617.81$121,634
Mar 20071,3392,44156.927.30$94,040
Feb 20071,2462,14755.108.22$86,294
Jan 20071,1151,76550.306.73$67,957
Dec 20061,3602,74456.656.92$96,028
Nov 20061,5072,83754.207.62$103,290
Oct 20061,7893,58654.906.01$119,782
Sep 20061,3633,52860.085.04$99,660
Aug 20061,8694,20168.717.34$159,254
Jul 20062,5305,07169.376.34$207,670
Jun 20063,1155,48966.286.38$241,503
May 20061,6952,41466.016.42$127,397
Apr 20069121,29264.397.36$68,233
Mar 20061,2151,71756.707.08$81,052
Feb 20067951,46257.597.75$57,116
Jan 20061,1651,28160.598.93$82,031
Dec 20059941,58754.9413.42$75,901
Nov 20051,2881,56954.6910.59$87,054
Oct 20051,1211,85158.3413.80$90,935
Sep 20051,1661,27661.4512.08$87,064
Aug 20051,2831,63361.519.80$94,916
Jul 20051,0331,45855.697.84$68,964
Jun 20051,0312,47352.337.38$72,206
May 20051,5312,51045.226.65$85,926
Apr 20051,4432,39349.207.36$88,609
Mar 20051,5791,58350.377.15$90,860
Feb 20051,6621,50745.226.31$84,668
Jan 20052,5792,30043.166.32$125,851
Dec 20042,0341,17339.866.75$88,994

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.

Sep 2019 — as filed, then multipliedworked
Oil                  239 bbl  × $ 55.05 =    $13,157
Casinghead gas     1,954 Mcf  × $  2.66 =     $5,192

────────────────────────────────────────────────────
Month total                                  $18,349

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/37490 is the state's own key, not one this site invented.