IVERSON

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

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) 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 38924District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$2.6 M

Jul 2008 – Feb 2021

Value, last 12 filed months

$526

at the published price for each month

Months reported

152

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	33,986 bbl	$2,372,387
Casinghead gas	Production	68,982 Mcf	$268,414
Total			$2,640,800

Wells on this lease (1)

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 32.0074, -102.0075. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.00741, -102.00755 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

10,090 ft

1 wells filed one

Completion to plug

12.5 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 10,090 ft.

Completions filed

Jul 2008

1 of 1 wells

Plug dates filed

Jan 2021

1 of 1 wells

Last completion to plug: a median of 12.5 years across the 1 well that filed both dates, with the middle half between 12.5 years and 12.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-32935858	1	10,090 ft	Jul 2008	Jan 2021	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 (152)

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

152 months


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	0	38.37	1.83	$0
Jun 2020	1	0	34.90	1.69	$35
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	14	36	30.34	1.86	$492
Feb 2020	0	11	49.88	1.98	$22
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	1	87	59.01	2.30	$259
Nov 2019	0	84	55.30	2.75	$231
Oct 2019	0	144	53.47	2.42	$348
Sep 2019	3	0	55.05	2.66	$165
Aug 2019	6	0	53.11	2.30	$319
Jul 2019	17	0	56.27	2.46	$957
Jun 2019	0	0	52.78	2.49	$0
May 2019	1	77	58.48	2.74	$269
Apr 2019	5	0	62.63	2.75	$313
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	58	14	50.85	2.79	$2,988
Jan 2019	144	87	46.03	3.23	$6,909
Dec 2018	156	283	46.59	4.19	$8,453
Nov 2018	104	205	52.93	4.24	$6,373
Oct 2018	191	214	61.44	3.40	$12,462
Sep 2018	96	209	59.54	3.11	$6,365
Aug 2018	191	213	59.40	3.07	$11,999
Jul 2018	88	189	65.14	2.93	$6,286
Jun 2018	245	223	60.18	3.08	$15,430
May 2018	130	280	65.38	2.90	$9,312
Apr 2018	214	297	63.84	2.90	$14,523
Mar 2018	213	386	61.22	2.79	$14,116
Feb 2018	240	384	61.78	2.77	$15,889
Jan 2018	238	419	62.87	4.01	$16,643
Dec 2017	355	996	57.27	2.92	$23,241
Nov 2017	267	1,241	55.42	3.12	$18,667
Oct 2017	132	529	49.29	2.98	$8,085
Sep 2017	484	417	47.52	3.09	$24,287
Aug 2017	227	437	45.37	3.00	$11,612
Jul 2017	241	435	43.87	3.09	$11,916
Jun 2017	236	436	42.49	3.09	$11,374
May 2017	232	425	45.37	3.26	$11,913
Apr 2017	224	399	47.93	3.21	$12,018
Mar 2017	448	411	46.77	2.98	$22,179
Feb 2017	331	322	50.45	2.95	$17,650
Jan 2017	343	368	49.41	3.42	$18,206
Dec 2016	270	344	48.76	3.72	$14,446
Nov 2016	247	336	42.49	2.64	$11,384
Oct 2016	264	427	46.19	3.09	$13,514
Sep 2016	395	1,405	41.55	3.10	$20,769
Aug 2016	4	209	41.44	2.92	$777
Jul 2016	161	310	41.62	2.92	$7,607
Jun 2016	174	997	45.35	2.69	$10,569
May 2016	173	1,239	42.52	1.99	$9,823
Apr 2016	0	1,061	36.56	1.99	$2,112
Mar 2016	184	1,205	33.01	1.79	$8,236
Feb 2016	193	1,153	26.47	2.06	$7,488
Jan 2016	174	1,068	27.35	2.36	$7,284
Dec 2015	90	483	32.36	2.00	$3,879
Nov 2015	202	346	38.79	2.17	$8,585
Oct 2015	104	376	43.55	2.43	$5,442
Sep 2015	187	381	42.99	2.76	$9,090
Aug 2015	100	382	40.16	2.87	$5,113
Jul 2015	204	350	48.15	2.95	$10,853
Jun 2015	200	305	56.15	2.88	$12,109
May 2015	99	168	55.21	2.96	$5,962
Apr 2015	298	184	49.82	2.71	$15,344
Mar 2015	103	287	42.89	2.93	$5,260
Feb 2015	94	155	44.66	2.98	$4,659
Jan 2015	225	232	43.43	3.10	$10,491
Dec 2014	217	136	54.69	3.59	$12,356
Nov 2014	95	105	70.46	4.25	$7,140
Oct 2014	112	94	78.30	3.90	$9,136
Sep 2014	212	109	86.16	4.05	$18,707
Aug 2014	102	98	89.39	4.04	$9,513
Jul 2014	261	134	96.56	4.18	$25,762
Jun 2014	320	305	98.16	4.74	$32,856
May 2014	185	302	94.73	4.73	$18,952
Apr 2014	0	338	95.94	4.81	$1,625
Mar 2014	361	338	95.89	5.06	$36,325
Feb 2014	0	310	97.40	6.19	$1,920
Jan 2014	360	356	90.40	4.86	$34,274
Dec 2013	0	359	91.82	4.35	$1,563
Nov 2013	0	323	88.85	3.74	$1,207
Oct 2013	341	373	97.42	3.78	$34,630
Sep 2013	0	366	104.11	3.72	$1,361
Aug 2013	324	394	104.25	3.52	$35,165
Jul 2013	0	383	102.52	3.72	$1,424
Jun 2013	199	385	94.40	3.93	$20,300
May 2013	167	388	94.83	4.15	$17,446
Apr 2013	164	330	93.96	4.28	$16,823
Mar 2013	169	370	93.62	3.91	$17,270
Feb 2013	172	321	91.23	3.42	$16,789
Jan 2013	172	370	91.60	3.42	$17,021
Dec 2012	175	371	86.77	3.42	$16,454
Nov 2012	172	374	86.95	3.62	$16,311
Oct 2012	156	285	89.38	3.40	$14,912
Sep 2012	179	341	94.67	2.92	$17,941
Aug 2012	337	354	92.66	2.91	$32,256
Jul 2012	178	356	85.13	3.02	$16,229
Jun 2012	68	386	79.82	2.52	$6,400
May 2012	146	254	91.61	2.49	$14,007
Apr 2012	143	331	101.65	2.00	$15,197
Mar 2012	184	430	105.05	2.22	$20,285
Feb 2012	192	425	101.10	2.57	$20,504
Jan 2012	189	459	98.09	2.73	$19,794
Dec 2011	194	443	96.87	3.24	$20,228
Nov 2011	190	411	95.72	3.31	$19,548
Oct 2011	384	439	84.98	3.65	$34,234
Sep 2011	191	436	83.62	3.99	$17,709
Aug 2011	193	473	83.40	4.15	$18,059
Jul 2011	203	492	94.14	4.52	$21,333
Jun 2011	199	480	92.90	4.64	$20,714
May 2011	284	484	98.13	4.40	$30,001
Apr 2011	323	468	105.96	4.33	$36,253
Mar 2011	228	486	96.36	4.06	$23,942
Feb 2011	208	438	85.64	4.18	$19,644
Jan 2011	209	492	86.50	4.59	$20,336
Dec 2010	311	489	85.73	4.35	$28,788
Nov 2010	203	465	80.84	3.80	$18,175
Oct 2010	438	486	78.10	3.51	$35,913
Sep 2010	172	476	72.63	3.98	$14,387
Aug 2010	350	512	73.68	4.42	$28,051
Jul 2010	312	511	72.55	4.74	$25,056
Jun 2010	103	492	70.36	4.91	$9,663
May 2010	433	404	71.12	4.24	$32,506
Apr 2010	376	387	81.69	4.12	$32,311
Mar 2010	326	414	78.39	4.39	$27,372
Feb 2010	299	423	73.58	5.44	$24,303
Jan 2010	199	687	74.36	5.96	$18,895
Dec 2009	520	2,145	71.44	5.48	$48,911
Nov 2009	368	2,098	74.59	3.75	$35,320
Oct 2009	344	726	72.54	4.11	$27,938
Sep 2009	497	1,388	65.54	3.06	$36,827
Aug 2009	310	1,142	67.42	3.22	$24,576
Jul 2009	574	2,138	61.13	3.46	$42,496
Jun 2009	438	948	66.16	3.90	$32,671
May 2009	444	863	54.74	3.93	$27,692
Apr 2009	429	1,016	46.77	3.59	$23,709
Mar 2009	581	1,435	42.14	4.06	$30,308
Feb 2009	485	1,275	32.81	4.63	$21,820
Jan 2009	620	1,654	35.86	5.37	$31,117
Dec 2008	862	1,512	37.10	5.98	$41,018
Nov 2008	1,443	1,542	55.49	6.86	$90,651
Oct 2008	752	29	75.24	6.92	$56,781
Sep 2008	1,465	911	101.76	7.88	$156,254
Aug 2008	1,453	1,648	114.22	8.48	$179,942
Jul 2008	0	210	131.08	11.39	$2,392

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.

Jun 2020 — as filed, then multipliedworked

Oil                    1 bbl  × $ 34.90 =        $35
Casinghead gas         0 Mcf  × $  1.69 =         $0

────────────────────────────────────────────────────
Month total                                      $35

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/38924 is the state's own key, not one this site invented.