SPEARS, J. D.

Operated by BCP RESOURCES, LLC (P-5 40206) in the SIGNAL PEAK (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38166District 08Field 83518500OilCasinghead gasSaveExport
Value, all time
$7.9 M
Apr 2007 – May 2026
Value, last 12 filed months
$98 k
at the published price for each month
Months reported
230
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 132 leases and 253 wells, and the rule below applies to all of them.

Discovered
1983-04-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2009-06-18.

The Commission's schedule remark for this field reads: 08-0223268 DATED 6/18/2009

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
OilDisposition95,831 bbl$7,659,222
Casinghead gasProduction38,532 Mcf$274,860
Total$7,934,081

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 32.3157, -101.3048. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.31572, -101.30477 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
8,485 ft
2 wells filed one
Completion to plug
5.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 8,300 and 8,670 ft, median 8,485 ft, over the 2 wells that filed a depth.

Completions filed
Apr 2007 – Jun 2009
2 of 2 wells
Plug dates filed
Apr 2015
1 of 2 wells; 1 filed none

Last completion to plug: a median of 5.8 years across the 1 well that filed both dates, with the middle half between 5.8 years and 5.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2273612728,670 ftJun 2009Apr 2015Yes
42-2273601318,300 ftApr 2007

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 (230)

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

230 months

May 20261770106.413.05$18,835
Apr 20260098.932.87$0
Mar 2026164089.753.15$14,719
Feb 2026184063.503.75$11,684
Jan 20260059.138.00$0
Dec 2025170056.664.41$9,632
Nov 2025170058.593.93$9,960
Oct 20250059.383.30$0
Sep 2025177062.743.08$11,105
Aug 2025173063.933.01$11,060
Jul 20250066.743.32$0
Jun 2025168066.483.13$11,169
May 2025167060.553.23$10,112
Apr 20250062.363.54$0
Mar 2025161067.704.27$10,900
Feb 20250070.884.34$0
Jan 2025169074.324.28$12,560
Dec 2024174068.993.12$12,004
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 2024183075.632.06$13,840
Jul 2024180079.932.15$14,387
Jun 2024166078.082.63$12,961
May 2024179078.812.20$14,107
Apr 20240084.451.66$0
Mar 2024176080.301.55$14,133
Feb 2024181076.091.78$13,772
Jan 20240073.023.30$0
Dec 2023179071.262.61$12,756
Nov 2023181077.892.81$14,098
Oct 202398085.443.09$8,373
Sep 20230089.042.74$0
Aug 2023163080.522.67$13,125
Jul 2023173074.852.64$12,949
Jun 2023178068.962.26$12,275
May 20230070.622.23$0
Apr 2023158078.122.24$12,343
Mar 2023338072.852.39$24,623
Feb 2023177075.112.47$13,294
Jan 20230076.533.39$0
Dec 2022352076.415.73$26,896
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 2022182084.888.16$15,448
Aug 2022186094.529.13$17,581
Jul 20221780101.587.54$18,081
Jun 20221670115.097.98$19,220
May 20221870109.378.43$20,452
Apr 20221850104.226.84$19,281
Mar 20221870108.885.08$20,361
Feb 2022184091.054.86$16,753
Jan 2022174081.844.54$14,240
Dec 2021185071.323.90$13,194
Nov 2021170077.435.24$13,163
Oct 20210079.795.71$0
Sep 2021186069.865.35$12,994
Aug 2021366066.024.22$24,163
Jul 2021178070.783.98$12,599
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 2021185060.362.76$11,167
Mar 2021189061.302.72$11,586
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 2020174044.642.68$7,767
Nov 2020169038.772.71$6,552
Oct 2020184036.972.48$6,802
Sep 2020173037.091.99$6,417
Aug 2020184039.982.39$7,356
Jul 2020169038.371.83$6,485
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020168014.751.80$2,478
Mar 20200030.341.86$0
Feb 2020180049.881.98$8,978
Jan 2020171057.252.09$9,790
Dec 2019182059.012.30$10,740
Nov 20190055.302.75$0
Oct 2019183053.472.42$9,785
Sep 2019178055.052.66$9,799
Aug 2019160053.112.30$8,498
Jul 2019173056.272.46$9,735
Jun 20190052.782.49$0
May 2019181058.482.74$10,585
Apr 2019171062.632.75$10,710
Mar 2019181056.803.06$10,281
Feb 2019179050.852.79$9,102
Jan 2019182046.033.23$8,377
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018180059.543.11$10,717
Aug 2018177059.403.07$10,514
Jul 2018365065.142.93$23,776
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 2018129063.842.90$8,235
Mar 2018172061.222.79$10,530
Feb 2018172061.782.77$10,626
Jan 20181901662.874.01$12,009
Dec 20171821657.272.92$10,470
Nov 20171821555.423.12$10,133
Oct 20171861649.292.98$9,216
Sep 20171811547.523.09$8,647
Aug 20173471645.373.00$15,791
Jul 20171581643.873.09$6,981
Jun 20171781542.493.09$7,610
May 20171651645.373.26$7,538
Apr 20173521547.933.21$16,920
Mar 20171771646.772.98$8,326
Feb 20171821450.452.95$9,223
Jan 20173761649.413.42$18,633
Dec 201601648.763.72$60
Nov 2016351042.492.64$14,914
Oct 2016174046.193.09$8,037
Sep 2016185041.553.10$7,687
Aug 2016171041.442.92$7,086
Jul 2016173041.622.92$7,200
Jun 2016271045.352.69$12,290
May 2016339042.521.99$14,414
Apr 2016195036.561.99$7,129
Mar 2016343033.011.79$11,322
Feb 2016351026.472.06$9,291
Jan 2016179027.352.36$4,896
Dec 2015373732.362.00$12,084
Nov 20151898038.792.17$7,505
Oct 20151864343.552.43$8,205
Sep 20151827942.992.76$8,042
Aug 20155488740.162.87$22,258
Jul 201507248.152.95$212
Jun 201537056.152.88$370
May 201535913655.212.96$20,222
Apr 20153557049.822.71$17,876
Mar 20151879842.892.93$8,308
Feb 20151906144.662.98$8,667
Jan 201517911543.433.10$8,131
Dec 201437313454.693.59$20,881
Nov 201418713370.464.25$13,742
Oct 201437815678.303.90$30,206
Sep 201418514486.164.05$16,522
Aug 201437614389.394.04$34,188
Jul 201418710296.564.18$18,483
Jun 201435613998.164.74$35,603
May 20143753694.734.73$35,694
Apr 201437712295.944.81$36,756
Mar 20141879895.895.06$18,427
Feb 20143779497.406.19$37,302
Jan 20140090.404.86$0
Dec 201338012891.824.35$35,449
Nov 20131836288.853.74$16,491
Oct 201335713997.423.78$35,304
Sep 2013358116104.113.72$37,703
Aug 2013352108104.253.52$37,076
Jul 201333438102.523.72$34,383
Jun 201318812794.403.93$18,247
May 201334514494.834.15$33,314
Apr 201336012793.964.28$34,369
Mar 20133643993.623.91$34,230
Feb 201334613391.233.42$32,020
Jan 201336613491.603.42$33,984
Dec 201235214186.773.42$31,025
Nov 201234911186.953.62$30,748
Oct 201232316589.383.40$29,431
Sep 20125204894.672.92$49,368
Aug 20123413792.662.91$31,705
Jul 20125157685.133.02$44,072
Jun 20121843779.822.52$14,780
May 20125068191.612.49$46,556
Apr 2012164241101.652.00$17,152
Mar 2012699265105.052.22$74,019
Feb 2012353242101.102.57$36,310
Jan 201270225598.092.73$69,556
Dec 201152320896.873.24$51,337
Nov 201168124595.723.31$65,997
Oct 201169925884.983.65$60,342
Sep 201167526083.623.99$57,480
Aug 201153421683.404.15$45,432
Jul 201169119194.144.52$65,914
Jun 201148414592.904.64$45,636
May 201151917898.134.40$51,714
Apr 2011507241105.964.33$54,766
Mar 201167517596.364.06$65,753
Feb 201149625485.644.18$43,539
Jan 201116313786.504.59$14,728
Dec 201047323985.734.35$41,589
Nov 201080533480.843.80$66,344
Oct 201068049678.103.51$54,848
Sep 20101,13466872.633.98$85,021
Aug 201049763073.684.42$39,403
Jul 201067524272.554.74$50,117
Jun 201067327770.364.91$48,712
May 201086936071.124.24$63,328
Apr 201090131281.694.12$74,889
Mar 201036231478.394.39$29,755
Feb 201091040073.585.44$69,135
Jan 201052717574.365.96$40,231
Dec 200986439671.445.48$63,896
Nov 200953937774.593.75$41,618
Oct 200905772.544.11$234
Sep 200964822765.543.06$43,166
Aug 20091,21944167.423.22$83,604
Jul 20091,06551361.133.46$66,881
Jun 20091,05957666.163.90$72,307
May 20091,34475154.743.93$76,519
Apr 20091,51668546.773.59$73,361
Mar 20092,01090142.144.06$88,359
Feb 20092,0841,21332.814.63$73,996
Jan 20090035.865.37$0
Dec 2008868037.105.98$32,203
Nov 20081,460055.496.86$81,015
Oct 20081,589075.246.92$119,556
Sep 20081,2040101.767.88$122,519
Aug 20081,737682114.228.48$204,186
Jul 20082,3412,858131.0811.39$339,409
Jun 20082,4463,475131.3313.03$366,522
May 20082,6963,257123.1711.57$369,764
Apr 20083,1752,138110.3110.45$372,587
Mar 20082,7251,080101.909.66$288,115
Feb 20082,47888692.538.77$237,060
Jan 20082,47988390.388.21$231,298
Dec 20072,54997388.337.30$232,258
Nov 20071,11543791.677.29$105,399
Oct 20071,20553282.856.92$103,517
Sep 20071,22650375.846.24$96,121
Aug 20071,35951569.066.39$97,142
Jul 20071,79882570.906.39$132,748
Jun 200716196562.007.55$17,266
May 2007174058.747.85$10,221
Apr 2007165059.617.81$9,836

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.

May 2026 — as filed, then multipliedworked
Oil                  177 bbl  × $106.41 =    $18,835
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,835

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/38166 is the state's own key, not one this site invented.