HODNETT 23

Name: HODNETT 23 lease production and value, Jun 2008 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DIAMONDBACK E&P LLC (P-5 217012) 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 38838District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$7.0 M

Jun 2008 – Jun 2022

Value, last 12 filed months

at the published price for each month

Months reported

169

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) field

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.

Stream	Basis	Volume	Value
Oil	Disposition	93,570 bbl	$5,908,568
Casinghead gas	Production	291,776 Mcf	$1,051,826
Total			$6,960,394

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 32.3683, -101.6437. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.36831, -101.64375 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

10,495 ft

2 wells filed one

Completion to plug

10.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 10,440 and 10,550 ft, median 10,495 ft, over the 2 wells that filed a depth.

Completions filed

Jun 2008 – Aug 2014

2 of 2 wells

Plug dates filed

Jan 2022 – Apr 2022

2 of 2 wells

Last completion to plug: a median of 10.7 years across the 2 wells that filed both dates, with the middle half between 9.0 years and 12.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-22737993	2	10,440 ft	Aug 2014	Jan 2022	Yes
42-22736085	1	10,550 ft	Jun 2008	Apr 2022	Yes

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 (169)

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

169 months


Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	345	38.37	1.83	$630
Jun 2020	175	901	34.90	1.69	$7,630
May 2020	924	2,097	16.92	1.81	$19,440
Apr 2020	702	1,769	14.75	1.80	$13,546
Mar 2020	386	1,322	30.34	1.86	$14,165
Feb 2020	568	1,220	49.88	1.98	$30,748
Jan 2020	381	1,046	57.25	2.09	$24,003
Dec 2019	505	1,656	59.01	2.30	$33,616
Nov 2019	369	1,759	55.30	2.75	$25,244
Oct 2019	579	1,614	53.47	2.42	$34,863
Sep 2019	178	1,145	55.05	2.66	$12,841
Aug 2019	538	1,473	53.11	2.30	$31,968
Jul 2019	575	1,881	56.27	2.46	$36,983
Jun 2019	942	2,047	52.78	2.49	$54,818
May 2019	786	1,942	58.48	2.74	$51,287
Apr 2019	556	1,608	62.63	2.75	$39,245
Mar 2019	395	1,042	56.80	3.06	$25,627
Feb 2019	754	879	50.85	2.79	$40,795
Jan 2019	561	1,145	46.03	3.23	$29,519
Dec 2018	502	850	46.59	4.19	$26,946
Nov 2018	1,110	2,616	52.93	4.24	$69,837
Oct 2018	516	2,973	61.44	3.40	$41,806
Sep 2018	879	2,379	59.54	3.11	$59,730
Aug 2018	914	3,310	59.40	3.07	$64,442
Jul 2018	979	3,654	65.14	2.93	$74,485
Jun 2018	992	3,231	60.18	3.08	$69,640
May 2018	1,159	3,962	65.38	2.90	$87,268
Apr 2018	1,147	3,702	63.84	2.90	$83,963
Mar 2018	795	3,335	61.22	2.79	$57,964
Feb 2018	741	2,539	61.78	2.77	$52,802
Jan 2018	754	3,043	62.87	4.01	$59,604
Dec 2017	920	3,220	57.27	2.92	$62,096
Nov 2017	1,082	3,172	55.42	3.12	$69,856
Oct 2017	705	2,285	49.29	2.98	$41,567
Sep 2017	688	2,268	47.52	3.09	$39,696
Aug 2017	1,204	3,651	45.37	3.00	$65,595
Jul 2017	1,049	3,600	43.87	3.09	$57,134
Jun 2017	1,275	3,696	42.49	3.09	$65,585
May 2017	1,691	4,273	45.37	3.26	$90,665
Apr 2017	934	2,811	47.93	3.21	$53,794
Mar 2017	719	2,750	46.77	2.98	$41,833
Feb 2017	1,218	3,308	50.45	2.95	$71,215
Jan 2017	1,393	2,543	49.41	3.42	$77,522
Dec 2016	1,041	3,080	48.76	3.72	$62,225
Nov 2016	1,251	3,028	42.49	2.64	$61,162
Oct 2016	1,139	2,511	46.19	3.09	$60,370
Sep 2016	1,145	1,799	41.55	3.10	$53,153
Aug 2016	567	1,467	41.44	2.92	$27,786
Jul 2016	182	300	41.62	2.92	$8,452
Jun 2016	0	61	45.35	2.69	$164
May 2016	170	708	42.52	1.99	$8,638
Apr 2016	721	2,906	36.56	1.99	$32,146
Mar 2016	910	2,938	33.01	1.79	$35,310
Feb 2016	525	2,792	26.47	2.06	$19,658
Jan 2016	940	1,970	27.35	2.36	$30,367
Dec 2015	375	1,755	32.36	2.00	$15,647
Nov 2015	189	772	38.79	2.17	$9,004
Oct 2015	524	1,990	43.55	2.43	$27,649
Sep 2015	876	2,916	42.99	2.76	$45,703
Aug 2015	513	1,498	40.16	2.87	$24,905
Jul 2015	873	2,972	48.15	2.95	$50,788
Jun 2015	364	2,742	56.15	2.88	$28,343
May 2015	351	2,177	55.21	2.96	$25,813
Apr 2015	720	2,624	49.82	2.71	$42,972
Mar 2015	533	1,944	42.89	2.93	$28,565
Feb 2015	723	4,241	44.66	2.98	$44,911
Jan 2015	1,838	5,749	43.43	3.10	$97,650
Dec 2014	2,542	8,047	54.69	3.59	$167,922
Nov 2014	1,083	3,916	70.46	4.25	$92,958
Oct 2014	3,253	9,244	78.30	3.90	$290,770
Sep 2014	1,971	4,157	86.16	4.05	$186,638
Aug 2014	175	1,955	89.39	4.04	$23,532
Jul 2014	361	1,784	96.56	4.18	$42,315
Jun 2014	167	1,836	98.16	4.74	$25,090
May 2014	360	1,134	94.73	4.73	$39,463
Apr 2014	181	1,432	95.94	4.81	$24,252
Mar 2014	182	1,022	95.89	5.06	$22,620
Feb 2014	374	1,416	97.40	6.19	$45,195
Jan 2014	367	1,887	90.40	4.86	$42,349
Dec 2013	183	1,738	91.82	4.35	$24,371
Nov 2013	362	1,789	88.85	3.74	$38,851
Oct 2013	179	2,032	97.42	3.78	$25,118
Sep 2013	180	1,940	104.11	3.72	$25,952
Aug 2013	347	2,174	104.25	3.52	$43,833
Jul 2013	346	2,244	102.52	3.72	$43,815
Jun 2013	348	2,169	94.40	3.93	$41,383
May 2013	362	2,264	94.83	4.15	$43,722
Apr 2013	182	1,453	93.96	4.28	$23,323
Mar 2013	350	1,713	93.62	3.91	$39,470
Feb 2013	186	1,862	91.23	3.42	$23,337
Jan 2013	367	2,066	91.60	3.42	$40,683
Dec 2012	369	2,121	86.77	3.42	$39,272
Nov 2012	352	1,972	86.95	3.62	$37,755
Oct 2012	361	2,348	89.38	3.40	$40,249
Sep 2012	349	1,043	94.67	2.92	$36,084
Aug 2012	368	1,537	92.66	2.91	$38,569
Jul 2012	358	2,241	85.13	3.02	$37,246
Jun 2012	544	2,117	79.82	2.52	$48,755
May 2012	188	2,404	91.61	2.49	$23,205
Apr 2012	541	2,339	101.65	2.00	$59,663
Mar 2012	549	2,526	105.05	2.22	$63,285
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	2	0	98.09	2.73	$196
Dec 2011	188	211	96.87	3.24	$18,895
Nov 2011	185	914	95.72	3.31	$20,735
Oct 2011	541	894	84.98	3.65	$49,236
Sep 2011	167	971	83.62	3.99	$17,835
Aug 2011	369	1,005	83.40	4.15	$34,945
Jul 2011	184	867	94.14	4.52	$21,238
Jun 2011	368	0	92.90	4.64	$34,187
May 2011	331	72	98.13	4.40	$32,798
Apr 2011	349	5	105.96	4.33	$37,002
Mar 2011	365	0	96.36	4.06	$35,171
Feb 2011	365	126	85.64	4.18	$31,785
Jan 2011	546	59	86.50	4.59	$47,500
Dec 2010	179	188	85.73	4.35	$16,163
Nov 2010	373	401	80.84	3.80	$31,675
Oct 2010	365	610	78.10	3.51	$30,647
Sep 2010	553	493	72.63	3.98	$42,126
Aug 2010	516	286	73.68	4.42	$39,283
Jul 2010	182	367	72.55	4.74	$14,942
Jun 2010	721	273	70.36	4.91	$52,070
May 2010	183	303	71.12	4.24	$14,298
Apr 2010	548	767	81.69	4.12	$47,928
Mar 2010	364	1,057	78.39	4.39	$33,173
Feb 2010	362	1,151	73.58	5.44	$32,900
Jan 2010	369	1,206	74.36	5.96	$34,632
Dec 2009	552	1,190	71.44	5.48	$45,961
Nov 2009	546	1,252	74.59	3.75	$45,423
Oct 2009	530	876	72.54	4.11	$42,047
Sep 2009	544	1,371	65.54	3.06	$39,856
Aug 2009	699	1,583	67.42	3.22	$52,221
Jul 2009	544	1,505	61.13	3.46	$38,469
Jun 2009	718	2,176	66.16	3.90	$55,978
May 2009	545	2,342	54.74	3.93	$39,027
Apr 2009	891	2,376	46.77	3.59	$50,196
Mar 2009	910	2,425	42.14	4.06	$48,190
Feb 2009	720	2,466	32.81	4.63	$35,048
Jan 2009	933	2,843	35.86	5.37	$48,727
Dec 2008	742	2,605	37.10	5.98	$43,099
Nov 2008	1,244	3,864	55.49	6.86	$95,538
Oct 2008	1,797	3,908	75.24	6.92	$162,257
Sep 2008	1,208	2,216	101.76	7.88	$140,382
Aug 2008	2,379	5,622	114.22	8.48	$319,421
Jul 2008	1,296	1,991	131.08	11.39	$192,556
Jun 2008	0	15	131.33	13.03	$195

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.

Jul 2020 — as filed, then multipliedworked

Oil                    0 bbl  × $ 38.37 =         $0
Casinghead gas       345 Mcf  × $  1.83 =       $630

────────────────────────────────────────────────────
Month total                                     $630

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/38838 is the state's own key, not one this site invented.