SUGG -H-

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 37606District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$250 k
Oct 2005 – Aug 2020
Value, last 12 filed months
$43
at the published price for each month
Months reported
179
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
OilDisposition2,437 bbl$178,549
Casinghead gasProduction11,626 Mcf$71,290
Total$249,839

Every month this lease reported (179)

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

179 months

Aug 20200039.982.39$0
Jul 20200038.371.83$0
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 201901655.052.66$43
Aug 201903153.112.30$71
Jul 201901756.272.46$42
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
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 20180059.403.07$0
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 20180062.874.01$0
Dec 201716057.272.92$916
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 201701447.523.09$43
Aug 201703745.373.00$111
Jul 2017013043.873.09$401
Jun 2017010142.493.09$312
May 201705845.373.26$189
Apr 201703647.933.21$116
Mar 2017643846.772.98$3,107
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 201601741.622.92$50
Jun 201602645.352.69$70
May 201602842.521.99$56
Apr 201602336.561.99$46
Mar 201601033.011.79$18
Feb 201601926.472.06$39
Jan 201602327.352.36$54
Dec 20150732.362.00$14
Nov 2015522438.792.17$2,069
Oct 201503043.552.43$73
Sep 201509942.992.76$273
Aug 2015014440.162.87$414
Jul 2015018248.152.95$536
Jun 2015017656.152.88$507
May 201501555.212.96$44
Apr 201502049.822.71$54
Mar 201502142.892.93$62
Feb 201501844.662.98$54
Jan 201502143.433.10$65
Dec 201403154.693.59$111
Nov 2014612070.464.25$4,383
Oct 201402078.303.90$78
Sep 201402286.164.05$89
Aug 201403689.394.04$145
Jul 201402696.564.18$109
Jun 201402698.164.74$123
May 201402294.734.73$104
Apr 201402695.944.81$125
Mar 201403095.895.06$152
Feb 201401697.406.19$99
Jan 2014661290.404.86$6,025
Dec 201301891.824.35$78
Nov 201301788.853.74$64
Oct 201303497.423.78$129
Sep 2013028104.113.72$104
Aug 2013037104.253.52$130
Jul 2013038102.523.72$141
Jun 201303994.403.93$153
May 201302194.834.15$87
Apr 2013672093.964.28$6,381
Mar 201302793.623.91$106
Feb 201342191.233.42$437
Jan 201302591.603.42$86
Dec 201202586.773.42$86
Nov 201202486.953.62$87
Oct 2012772389.383.40$6,960
Sep 201202194.672.92$61
Aug 201202292.662.91$64
Jul 201202585.133.02$76
Jun 201202779.822.52$68
May 201203791.612.49$92
Apr 2012051101.652.00$102
Mar 2012029105.052.22$64
Feb 2012047101.102.57$121
Jan 201206398.092.73$172
Dec 2011985396.873.24$9,665
Nov 201105495.723.31$179
Oct 201106584.983.65$237
Sep 201105483.623.99$215
Aug 201104783.404.15$195
Jul 201105494.144.52$244
Jun 201106592.904.64$302
May 2011596898.134.40$6,089
Apr 2011060105.964.33$260
Mar 201102096.364.06$81
Feb 20110685.644.18$25
Jan 201108886.504.59$404
Dec 201008485.734.35$365
Nov 2010011380.843.80$429
Oct 2010010478.103.51$365
Sep 201009572.633.98$378
Aug 2010479773.684.42$3,892
Jul 201009172.554.74$431
Jun 201008270.364.91$403
May 201009471.124.24$398
Apr 201008781.694.12$359
Mar 20105612578.394.39$4,938
Feb 2010012673.585.44$686
Jan 2010015474.365.96$918
Dec 2009013871.445.48$757
Nov 2009010274.593.75$383
Oct 2009013272.544.11$543
Sep 2009011965.543.06$365
Aug 2009012367.423.22$396
Jul 2009013761.133.46$475
Jun 20094811466.163.90$3,620
May 200905254.743.93$204
Apr 2009010246.773.59$366
Mar 20097212942.144.06$3,558
Feb 2009012532.814.63$579
Jan 200907935.865.37$424
Dec 2008918937.105.98$3,908
Nov 2008015255.496.86$1,043
Oct 20088015275.246.92$7,071
Sep 20080140101.767.88$1,103
Aug 200878122114.228.48$9,944
Jul 2008065131.0811.39$740
Jun 2008090131.3313.03$1,173
May 20088769123.1711.57$11,514
Apr 200859135110.3110.45$7,920
Mar 20080158101.909.66$1,527
Feb 2008017892.538.77$1,561
Jan 2008765990.388.21$7,353
Dec 20078010888.337.30$7,855
Nov 200709391.677.29$678
Oct 20078510482.856.92$7,762
Sep 20079211875.846.24$7,714
Aug 200708769.066.39$556
Jul 20079411770.906.39$7,412
Jun 2007899162.007.55$6,205
May 200708758.747.85$683
Apr 20076012059.617.81$4,513
Mar 2007399756.927.30$2,928
Feb 2007437555.108.22$2,986
Jan 2007436450.306.73$2,593
Dec 2006357556.656.92$2,502
Nov 20063415954.207.62$3,054
Oct 2006014454.906.01$866
Sep 20063417960.085.04$2,944
Aug 20062824268.717.34$3,700
Jul 20063519169.376.34$3,639
Jun 20067818866.286.38$6,370
May 20063723466.016.42$3,946
Apr 2006026964.397.36$1,980
Mar 20065227656.707.08$4,903
Feb 20069724857.597.75$7,509
Jan 20063929460.598.93$4,989
Dec 20053534154.9413.42$6,498
Nov 20052635754.6910.59$5,202
Oct 20052423458.3413.80$4,628

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                    0 bbl  × $ 55.05 =         $0
Casinghead gas        16 Mcf  × $  2.66 =        $43

────────────────────────────────────────────────────
Month total                                      $43

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/37606 is the state's own key, not one this site invented.