SMB TRUST

Operated by APACHE CORPORATION (P-5 27200) 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 38412District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$12.7 M
Jun 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
228
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.

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
OilDisposition123,445 bbl$9,920,860
Casinghead gasProduction643,532 Mcf$2,795,399
Total$12,716,258

Wells on this lease (4)

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 31.6702, -102.2400. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.66998, -102.23980 · 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%
2 of 4 wells
With a plug date
50.0%
2 of 4 wells
Median depth
10,600 ft
4 wells filed one
Completion to plug
14.7 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
250.0%
A plug date is filed
250.0%
BothOn the schedule and plugged. Neither fact cancels the other.
250.0%
NeitherNo plug date, and not on the schedule.
250.0%

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 10,130 and 13,500 ft, median 10,600 ft, over the 4 wells that filed a depth.

Completions filed
May 2007 – Dec 2011
4 of 4 wells
Plug dates filed
Aug 2023 – Sep 2025
2 of 4 wells; 2 filed none

Last completion to plug: a median of 14.7 years across the 2 wells that filed both dates, with the middle half between 14.3 years and 15.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-32937563410,600 ftDec 2011Sep 2025Yes
42-32937562310,600 ftNov 2011
42-32935810210,130 ftJan 2008Aug 2023Yes
42-32932109113,500 ftMay 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 (228)

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

228 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240680.301.55$9
Feb 20240076.091.78$0
Jan 2024055073.023.30$1,814
Dec 2023062371.262.61$1,626
Nov 202318664377.892.81$16,293
Oct 2023061785.443.09$1,905
Sep 2023068189.042.74$1,863
Aug 2023071580.522.67$1,911
Jul 2023077374.852.64$2,042
Jun 2023071868.962.26$1,622
May 202316876270.622.23$13,561
Apr 2023090678.122.24$2,027
Mar 202301,11372.852.39$2,664
Feb 2023099575.112.47$2,453
Jan 20231741,08776.533.39$16,999
Dec 2022088176.415.73$5,047
Nov 202201,04585.005.65$5,900
Oct 202216887887.185.86$19,795
Sep 202201,29984.888.16$10,605
Aug 2022098394.529.13$8,972
Jul 202201,209101.587.54$9,118
Jun 20221761,102115.097.98$29,047
May 202201,084109.378.43$9,141
Apr 20221821,384104.226.84$28,431
Mar 202201,396108.885.08$7,087
Feb 20221831,21191.054.86$22,546
Jan 202201,46381.844.54$6,639
Dec 202101,47471.323.90$5,747
Nov 20211841,51077.435.24$22,155
Oct 20211781,67079.795.71$23,745
Sep 202101,54469.865.35$8,262
Aug 20211631,50866.024.22$17,126
Jul 202101,54770.783.98$6,160
Jun 20211511,59669.493.38$15,888
May 202101,60463.483.02$4,840
Apr 20211621,35760.362.76$13,522
Mar 202101,45161.302.72$3,942
Feb 20211861,05157.805.55$16,582
Jan 202101,58750.412.81$4,460
Dec 20201781,63244.642.68$12,312
Nov 202001,57238.772.71$4,255
Oct 20201841,55536.972.48$10,656
Sep 202001,90437.091.99$3,791
Aug 20201771,36439.982.39$10,330
Jul 202001,83238.371.83$3,344
Jun 20201681,54934.901.69$8,481
May 20201671,62016.921.81$5,766
Apr 202001,76314.751.80$3,181
Mar 20201801,81930.341.86$8,838
Feb 20201721,64649.881.98$11,840
Jan 202001,85957.252.09$3,894
Dec 20191651,49259.012.30$13,175
Nov 20191571,04555.302.75$11,557
Oct 20191651,50353.472.42$12,458
Sep 201916699755.052.66$11,788
Aug 20191682,42953.112.30$14,520
Jul 20193342,64756.272.46$25,306
Jun 20191582,57152.782.49$14,744
May 20193572,67758.482.74$28,213
Apr 20191752,57762.632.75$18,049
Mar 20191741,37756.803.06$14,100
Feb 20193501,55050.852.79$22,125
Jan 20193532,51846.033.23$24,377
Dec 20181831,58346.594.19$15,152
Nov 20183472,41352.934.24$28,591
Oct 20183461,77161.443.40$27,276
Sep 20181752,96859.543.11$19,644
Aug 20183623,19959.403.07$31,313
Jul 20183483,34965.142.93$32,488
Jun 20183523,32460.183.08$31,411
May 20181743,40765.382.90$21,259
Apr 20183373,17463.842.90$30,721
Mar 20185403,22761.222.79$42,052
Feb 20181852,85961.782.77$19,338
Jan 20185293,05062.874.01$45,487
Dec 20171753,16057.272.92$19,254
Nov 20173433,10855.423.12$28,701
Oct 20173593,21949.292.98$27,300
Sep 20171763,38847.523.09$18,823
Aug 20173513,56445.373.00$26,633
Jul 20171723,41143.873.09$18,076
Jun 20173423,23242.493.09$24,510
May 20171803,42245.373.26$19,334
Apr 20173493,21347.933.21$27,046
Mar 20173473,55746.772.98$26,842
Feb 20173562,67850.452.95$25,867
Jan 20171802,50249.413.42$17,448
Dec 20163593,23648.763.72$29,552
Nov 20163483,14542.492.64$23,103
Oct 20163473,69746.193.09$27,453
Sep 20163603,95241.553.10$27,212
Aug 20163614,10741.442.92$26,970
Jul 20163524,26341.622.92$27,117
Jun 20161723,69445.352.69$17,722
May 20163613,89642.521.99$23,107
Apr 20163483,69036.561.99$20,070
Mar 20163494,08133.011.79$18,842
Feb 20163493,52626.472.06$16,514
Jan 20165183,65027.352.36$22,797
Dec 20153593,64432.362.00$18,910
Nov 20157194,10338.792.17$36,783
Oct 20153094,08243.552.43$23,362
Sep 20153594,27642.992.76$27,228
Aug 20153324,51240.162.87$26,294
Jul 20153594,68348.152.95$31,078
Jun 20153514,53256.152.88$32,774
May 20155434,41255.212.96$43,018
Apr 20155504,43649.822.71$39,407
Mar 20157384,61142.892.93$45,185
Feb 20153653,89544.662.98$27,893
Jan 20153834,31543.433.10$30,013
Dec 20147284,64654.693.59$56,500
Nov 20143564,32770.464.25$43,481
Oct 20147494,49178.303.90$76,166
Sep 20143453,50486.164.05$43,900
Aug 20145514,72189.394.04$68,304
Jul 20145385,43796.564.18$74,674
Jun 20143495,19598.164.74$58,866
May 20147105,02194.734.73$90,990
Apr 20143534,97995.944.81$57,811
Mar 20147293,68595.895.06$88,538
Feb 20147233,75197.406.19$93,646
Jan 20147134,29890.404.86$85,347
Dec 20131,0744,34291.824.35$117,522
Nov 20131883,85088.853.74$31,096
Oct 20137024,95997.423.78$87,131
Sep 20139015,105104.113.72$112,782
Aug 20136955,428104.253.52$91,574
Jul 20136984,847102.523.72$89,579
Jun 20137005,93594.403.93$89,425
May 20137135,96494.834.15$92,359
Apr 20131,4014,29893.964.28$150,045
Mar 20138686,60893.623.91$107,118
Feb 20136774,93691.233.42$78,643
Jan 20137264,98491.603.42$83,546
Dec 20121,2304,79886.773.42$123,137
Nov 20121,0785,11886.953.62$112,285
Oct 20121,0836,14589.383.40$117,690
Sep 20121,0546,56294.672.92$118,933
Aug 20121,7299,06292.662.91$186,563
Jul 20121,7625,90885.133.02$167,846
Jun 20121,7705,88279.822.52$156,098
May 20121,4184,25791.612.49$140,496
Apr 20121,4194,057101.652.00$152,342
Mar 20122,8807,210105.052.22$318,565
Feb 20123,9567,650101.102.57$419,614
Jan 20124,4834,86998.092.73$453,050
Dec 20113611,95996.873.24$41,317
Nov 201111867995.723.31$13,543
Oct 201116078784.983.65$16,468
Sep 20113491,18983.623.99$33,923
Aug 20111641,07083.404.15$18,117
Jul 20112041,25494.144.52$24,869
Jun 20117041,25692.904.64$71,229
May 201102,00998.134.40$8,849
Apr 20113572,079105.964.33$46,837
Mar 20115292,03496.364.06$59,227
Feb 20113621,51585.644.18$37,334
Jan 20115422,15486.504.59$56,767
Dec 20103692,16385.734.35$41,039
Nov 20103662,15080.843.80$37,747
Oct 20105572,04278.103.51$50,667
Sep 20105602,73872.633.98$51,569
Aug 20103503,43873.684.42$40,982
Jul 20103663,27872.554.74$42,080
Jun 20106873,63070.364.91$66,162
May 20105253,62071.124.24$52,670
Apr 20101,0453,41581.694.12$99,445
Mar 20107183,57678.394.39$71,978
Feb 20101783,08573.585.44$29,887
Jan 20101,0523,84474.365.96$101,153
Dec 20097013,79871.445.48$70,907
Nov 20096903,74274.593.75$65,505
Oct 20097074,10172.544.11$68,142
Sep 20091,0873,34565.543.06$81,494
Aug 20096903,45267.423.22$57,630
Jul 20098673,61661.133.46$65,527
Jun 20094923,22466.163.90$45,108
May 20095213,93254.743.93$43,956
Apr 20091,3873,49646.773.59$77,412
Mar 20098773,67242.144.06$51,861
Feb 20097002,54932.814.63$34,777
Jan 20091,2523,14435.865.37$61,783
Dec 20081,2663,79037.105.98$69,622
Nov 20081,4623,78455.496.86$107,086
Oct 20081,4734,06075.246.92$138,932
Sep 20081,0933,478101.767.88$138,620
Aug 20081,2436,261114.228.48$195,088
Jul 20081,6076,678131.0811.39$286,704
Jun 20081,6076,652131.3313.03$297,740
May 20081,6567,123123.1711.57$286,413
Apr 20082,1137,204110.3110.45$308,402
Mar 20083,57111,317101.909.66$473,253
Feb 20085,98410,24392.538.77$643,537
Jan 20082,9915,80090.388.21$317,920
Dec 20071,3044,04488.337.30$144,711
Nov 20071,2743,80691.677.29$144,540
Oct 20071,7824,99282.856.92$182,193
Sep 20071,8153,74875.846.24$161,053
Aug 20073,2435,21169.066.39$257,249
Jul 20072,2203,35570.906.39$178,830
Jun 20072,0903,38562.007.55$155,132

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 2024 — as filed, then multipliedworked
Oil                    0 bbl  × $ 80.30 =         $0
Casinghead gas         6 Mcf  × $  1.55 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/38412 is the state's own key, not one this site invented.