GIBBS "25"

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 38975District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$3.0 M
Jul 2008 – Jun 2021
Value, last 12 filed months
$0
at the published price for each month
Months reported
156
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
OilDisposition40,887 bbl$2,843,389
Casinghead gasProduction44,941 Mcf$179,728
Total$3,023,117

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 32.2425, -101.7078. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.24252, -101.70782 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,264 ft
1 wells filed one
Completion to plug
12.8 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 9,264 ft.

Completions filed
Jul 2008
1 of 1 wells
Plug dates filed
May 2021
1 of 1 wells

Last completion to plug: a median of 12.8 years across the 1 well that filed both dates, with the middle half between 12.8 years and 12.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3173520719,264 ftJul 2008May 2021Yes

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 (156)

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

156 months

Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
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 2020189057.252.09$10,820
Dec 201901159.012.30$25
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 201914319655.052.66$8,393
Aug 201943829153.112.30$23,933
Jul 201918113556.272.46$10,517
Jun 20191709352.782.49$9,204
May 20195898758.482.74$34,683
Apr 2019868462.632.75$5,617
Mar 20192708756.803.06$15,602
Feb 20194267850.852.79$21,880
Jan 20197568746.033.23$35,080
Dec 201818546.594.19$402
Nov 20184728452.934.24$25,339
Oct 20184398761.443.40$27,268
Sep 201840010359.543.11$24,136
Aug 20185709259.403.07$34,140
Jul 20186478765.142.93$42,401
Jun 20185198460.183.08$31,492
May 201869257365.382.90$46,905
Apr 201858889563.842.90$40,134
Mar 201863533261.222.79$39,800
Feb 201862656761.782.77$40,243
Jan 20181,2291,03962.874.01$81,433
Dec 20179910257.272.92$5,968
Nov 20175111555.423.12$3,185
Oct 201720921049.292.98$10,928
Sep 201722014747.523.09$10,908
Aug 201724930845.373.00$12,222
Jul 201726732343.873.09$12,710
Jun 201725930542.493.09$11,947
May 201724931345.373.26$12,319
Apr 201732830647.933.21$16,704
Mar 201725033546.772.98$12,692
Feb 201723729950.452.95$12,839
Jan 201722841949.413.42$12,698
Dec 201624838048.763.72$13,507
Nov 201624731142.492.64$11,317
Oct 201622735546.193.09$11,582
Sep 201623125841.553.10$10,398
Aug 201623848841.442.92$11,290
Jul 201623364041.622.92$11,569
Jun 201624533145.352.69$12,000
May 201640831542.521.99$17,975
Apr 201621230336.561.99$8,354
Mar 201621162333.011.79$8,083
Feb 20169839326.472.06$3,405
Jan 201610164027.352.36$4,276
Dec 20159348532.362.00$3,980
Nov 20159429438.792.17$4,283
Oct 201513933843.552.43$6,874
Sep 20158118342.992.76$3,987
Aug 20158123440.162.87$3,925
Jul 20159044048.152.95$5,629
Jun 201514166456.152.88$9,831
May 20159056155.212.96$6,627
Apr 20159631249.822.71$5,627
Mar 201514112142.892.93$6,403
Feb 201515014444.662.98$7,128
Jan 201599043.433.10$4,300
Dec 2014159054.693.59$8,696
Nov 2014151070.464.25$10,639
Oct 2014158078.303.90$12,371
Sep 2014407386.164.05$35,079
Aug 201416213389.394.04$15,018
Jul 20141798496.564.18$17,635
Jun 20140898.164.74$38
May 201418012894.734.73$17,656
Apr 20141828495.944.81$17,865
Mar 20141848795.895.06$18,084
Feb 201427897.406.19$678
Jan 20141848790.404.86$17,056
Dec 20131848791.824.35$17,274
Nov 20131848488.853.74$16,662
Oct 20131818797.423.78$17,962
Sep 201318584104.113.72$19,573
Aug 201318487104.253.52$19,488
Jul 2013087102.523.72$323
Jun 20131808494.403.93$17,322
May 20133678794.834.15$35,164
Apr 20131898493.964.28$18,118
Mar 20131959093.623.91$18,608
Feb 201309191.233.42$311
Jan 20133778891.603.42$34,834
Dec 20123818786.773.42$33,357
Nov 201218486.953.62$391
Oct 20121898789.383.40$17,189
Sep 20123588494.672.92$34,137
Aug 20123628792.662.91$33,796
Jul 201228785.133.02$433
Jun 20123558479.822.52$28,548
May 201208791.612.49$216
Apr 2012346164101.652.00$35,498
Mar 201235287105.052.22$37,171
Feb 201236481101.102.57$37,009
Jan 201209398.092.73$254
Dec 20113688796.873.24$35,930
Nov 20113588595.723.31$34,549
Oct 20113728884.983.65$31,934
Sep 20113689683.623.99$31,155
Aug 201136318083.404.15$31,021
Jul 20113719794.144.52$35,364
Jun 201136324992.904.64$34,878
May 2011040398.134.40$1,775
Apr 2011377368105.964.33$41,542
Mar 201137276096.364.06$38,930
Feb 2011061385.644.18$2,562
Jan 201176274786.504.59$69,341
Dec 201038082385.734.35$36,156
Nov 2010065480.843.80$2,482
Oct 201073167478.103.51$59,456
Sep 2010061972.633.98$2,463
Aug 201036566773.684.42$29,841
Jul 201035865072.554.74$29,052
Jun 201018277670.364.91$16,616
May 201036134671.124.24$27,140
Apr 201037141381.694.12$32,010
Mar 201054072878.394.39$45,526
Feb 201017863373.585.44$16,542
Jan 201036578274.365.96$31,805
Dec 200953486371.445.48$42,881
Nov 200936186474.593.75$30,168
Oct 200972398272.544.11$56,483
Sep 20093581,06565.543.06$26,727
Aug 200935579667.423.22$26,496
Jul 20091,0531,00661.133.46$67,855
Jun 20097251,18566.163.90$52,582
May 2009021754.743.93$852
Apr 200935620446.773.59$17,382
Mar 2009025042.144.06$1,015
Feb 200935946532.814.63$13,933
Jan 200936860435.865.37$16,441
Dec 20087421,26937.105.98$35,113
Nov 20087221,44655.496.86$49,984
Oct 200873279775.246.92$60,593
Sep 20081,27184101.767.88$129,999
Aug 20087331,116114.228.48$93,190
Jul 20080174131.0811.39$1,982

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.

Jan 2020 — as filed, then multipliedworked
Oil                  189 bbl  × $ 57.25 =    $10,820
Casinghead gas         0 Mcf  × $  2.09 =         $0

────────────────────────────────────────────────────
Month total                                  $10,820

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/38975 is the state's own key, not one this site invented.