SUGG F

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 37491District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$387 k
Sep 2004 – Jun 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
190
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
OilDisposition2,178 bbl$146,884
Casinghead gasProduction34,655 Mcf$239,900
Total$386,785

Every month this lease reported (190)

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

190 months

Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
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 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20191056.803.06$57
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20181059.403.07$59
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20183062.874.01$189
Dec 20172057.272.92$115
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20175045.373.00$227
Jul 20178043.873.09$351
Jun 20170042.493.09$0
May 20179045.373.26$408
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20141095.895.06$96
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20135088.853.74$444
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 2013827102.523.72$921
Jun 201307494.403.93$291
May 201309294.834.15$382
Apr 2013129693.964.28$1,539
Mar 201309593.623.91$372
Feb 2013238591.233.42$2,389
Jan 201305891.603.42$198
Dec 201204486.773.42$150
Nov 2012014386.953.62$518
Oct 20121311789.383.40$1,560
Sep 2012225994.672.92$2,255
Aug 201202992.662.91$84
Jul 201202585.133.02$76
Jun 201203479.822.52$86
May 2012192991.612.49$1,813
Apr 2012054101.652.00$108
Mar 2012228105.052.22$272
Feb 2012417101.102.57$448
Jan 2012165398.092.73$1,714
Dec 201103496.873.24$110
Nov 201104695.723.31$152
Oct 201102384.983.65$84
Sep 201107983.623.99$315
Aug 2011333983.404.15$2,914
Jul 2011275494.144.52$2,786
Jun 201105092.904.64$232
May 20113210098.134.40$3,581
Apr 20110351105.964.33$1,521
Mar 2011042096.364.06$1,704
Feb 20115616785.644.18$5,494
Jan 2011025786.504.59$1,179
Dec 20103035585.734.35$4,115
Nov 2010052980.843.80$2,008
Oct 20103855378.103.51$4,908
Sep 2010034372.633.98$1,365
Aug 20105826273.684.42$5,431
Jul 2010025372.554.74$1,198
Jun 2010025770.364.91$1,262
May 20105925971.124.24$5,293
Apr 2010023981.694.12$985
Mar 20105925878.394.39$5,757
Feb 20104832573.585.44$5,301
Jan 2010028074.365.96$1,670
Dec 20099329171.445.48$8,240
Nov 2009013874.593.75$518
Oct 20091819472.544.11$2,103
Sep 2009622765.543.06$1,089
Aug 20091016267.423.22$1,196
Jul 200909761.133.46$336
Jun 2009331166.163.90$2,226
May 2009017654.743.93$691
Apr 2009036346.773.59$1,302
Mar 2009075442.144.06$3,060
Feb 20093117232.814.63$1,814
Jan 2009823035.865.37$1,522
Dec 2008029637.105.98$1,769
Nov 20083216755.496.86$2,921
Oct 2008012375.246.92$851
Sep 200835181101.767.88$4,987
Aug 200813174114.228.48$2,961
Jul 200822219131.0811.39$5,378
Jun 20084112131.3313.03$1,985
May 20080263123.1711.57$3,044
Apr 200822426110.3110.45$6,881
Mar 200846342101.909.66$7,993
Feb 2008042692.538.77$3,736
Jan 20081836090.388.21$4,581
Dec 20071233288.337.30$3,484
Nov 2007031291.677.29$2,275
Oct 20073550882.856.92$6,416
Sep 20073365475.846.24$6,586
Aug 20072363569.066.39$5,645
Jul 20071760170.906.39$5,044
Jun 2007855362.007.55$4,670
May 20072261158.747.85$6,086
Apr 2007962859.617.81$5,438
Mar 20074565556.927.30$7,344
Feb 20073664655.108.22$7,291
Jan 20074669750.306.73$7,002
Dec 20067452656.656.92$7,831
Nov 20063746754.207.62$5,563
Oct 2006031254.906.01$1,876
Sep 2006039760.085.04$2,000
Aug 20064039168.717.34$5,618
Jul 2006326269.376.34$1,870
Jun 20062822666.286.38$3,299
May 20061433666.016.42$3,083
Apr 20065493864.397.36$10,381
Mar 20062479556.707.08$6,992
Feb 2006066857.597.75$5,178
Jan 20061372260.598.93$7,238
Dec 20052275554.9413.42$11,337
Nov 20054174654.6910.59$10,141
Oct 20051863158.3413.80$9,755
Sep 20055356761.4512.08$10,106
Aug 20053853061.519.80$7,530
Jul 2005756555.697.84$4,821
Jun 20053863652.337.38$6,683
May 20056391345.226.65$8,921
Apr 20053189949.207.36$8,142
Mar 2005721,01650.377.15$10,896
Feb 20057278445.226.31$8,204
Jan 200516596543.166.32$13,222
Dec 20040539.866.75$34
Nov 2004017545.286.33$1,108
Oct 20040049.706.52$0
Sep 20040043.245.28$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.

Mar 2019 — as filed, then multipliedworked
Oil                    1 bbl  × $ 56.80 =        $57
Casinghead gas         0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                      $57

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/37491 is the state's own key, not one this site invented.