REED 39

Operated by NEW HEIGHT ENERGY, LLC (P-5 100152) 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 39437District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$8.9 M
Jul 2008 – May 2026
Value, last 12 filed months
$120 k
at the published price for each month
Months reported
215
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
OilDisposition96,126 bbl$7,767,935
Casinghead gasProduction286,949 Mcf$1,154,661
Total$8,922,596

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 32.4590, -101.7086. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.45895, -101.70855 · 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
10,415 ft
2 wells filed one
Completion to plug
6.3 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 10,079 and 10,750 ft, median 10,415 ft, over the 2 wells that filed a depth.

Completions filed
Jul 2008 – Nov 2010
2 of 2 wells
Plug dates filed
Mar 2017
1 of 2 wells; 1 filed none

Last completion to plug: a median of 6.3 years across the 1 well that filed both dates, with the middle half between 6.3 years and 6.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-31736224410,750 ftNov 2010Mar 2017Yes
42-31734200110,079 ftJul 2008

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 (215)

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

215 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20261213,62589.753.15$22,276
Feb 20261833,35763.503.75$24,210
Jan 2026573,73759.138.00$33,259
Dec 20251623,89656.664.41$26,373
Nov 202533,36658.593.93$13,392
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 20242071.372.28$143
Sep 20241069.612.36$70
Aug 20243075.632.06$227
Jul 20243718979.932.15$3,363
Jun 202411766578.082.63$10,887
May 2024022978.812.20$503
Apr 202432084.451.66$2,702
Mar 2024106080.301.55$8,512
Feb 202413020276.091.78$10,252
Jan 202413830073.023.30$11,066
Dec 202315191671.262.61$13,152
Nov 202312660877.892.81$11,521
Oct 20230085.443.09$0
Sep 20233701,34689.042.74$36,626
Aug 20234754,15080.522.67$49,339
Jul 20232942,73874.852.64$29,239
Jun 20235593,95268.962.26$47,474
May 2023843,26570.622.23$13,205
Apr 2023131078.122.24$10,234
Mar 2023015272.852.39$364
Feb 202305175.112.47$126
Jan 202313962676.533.39$12,758
Dec 20223712,21276.415.73$41,021
Nov 20222193,92985.005.65$40,799
Oct 20223384,09587.185.86$53,479
Sep 20222733,83384.888.16$54,464
Aug 20224404,88394.529.13$86,157
Jul 20224433,820101.587.54$73,811
Jun 20223483,735115.097.98$69,846
May 20222134,110109.378.43$57,956
Apr 20223272,856104.226.84$53,608
Mar 20225201,197108.885.08$62,694
Feb 20223379291.054.86$31,131
Jan 20224322,31981.844.54$45,878
Dec 20218581,89471.323.90$68,577
Nov 20216632,44077.435.24$64,114
Oct 202133281079.795.71$31,119
Sep 202156121069.865.35$40,315
Aug 202106366.024.22$266
Jul 20210770.783.98$28
Jun 202123551769.493.38$18,078
May 20212812,58363.483.02$25,633
Apr 20211261,92060.362.76$12,902
Mar 20212061,30861.302.72$16,182
Feb 20211882,04557.805.55$22,212
Jan 20213403,73050.412.81$27,622
Dec 20203153,76444.642.68$24,132
Nov 20202334,35338.772.71$20,815
Oct 20201783,98936.972.48$16,467
Sep 20201614,10237.091.99$14,139
Aug 20201882,08039.982.39$12,477
Jul 20202061,95538.371.83$11,472
Jun 2020631,72934.901.69$5,121
May 2020033316.921.81$604
Apr 20207775,26714.751.80$20,964
Mar 20202123,27830.341.86$12,517
Feb 2020160049.881.98$7,981
Jan 20203542,00557.252.09$24,466
Dec 201933461859.012.30$21,133
Nov 2019998655.302.75$5,711
Oct 20190453.472.42$10
Sep 20191284355.052.66$7,161
Aug 20190253.112.30$5
Jul 20190056.272.46$0
Jun 201996052.782.49$5,067
May 201910514958.482.74$6,549
Apr 201925515862.632.75$16,405
Mar 201939320756.803.06$22,956
Feb 201925427950.852.79$13,695
Jan 201935331646.033.23$17,269
Dec 201851632646.594.19$25,405
Nov 201823842452.934.24$14,394
Oct 2018044261.443.40$1,502
Sep 201813713259.543.11$8,567
Aug 20189713959.403.07$6,188
Jul 2018166365.142.93$10,822
Jun 2018145560.183.08$8,741
May 20181078165.382.90$7,231
Apr 2018497563.842.90$3,346
Mar 2018694361.222.79$4,344
Feb 20186911961.782.77$4,592
Jan 20188717162.874.01$6,155
Dec 20174914457.272.92$3,227
Nov 20177020455.423.12$4,516
Oct 20176922949.292.98$4,084
Sep 2017147647.523.09$900
Aug 201715045.373.00$681
Jul 20174715843.873.09$2,550
Jun 201711127242.493.09$5,556
May 20179024745.373.26$4,889
Apr 20178926247.933.21$5,107
Mar 20179531346.772.98$5,377
Feb 201717219050.452.95$9,238
Jan 2017247949.413.42$1,456
Dec 201613913248.763.72$7,269
Nov 201624027542.492.64$10,925
Oct 20164951246.193.09$3,846
Sep 201611383441.553.10$7,281
Aug 201621222241.442.92$9,434
Jul 201618359541.622.92$9,356
Jun 20162051,02745.352.69$12,055
May 20164211,23842.521.99$20,366
Apr 201610565136.561.99$5,135
Mar 201615275733.011.79$6,376
Feb 201620888726.472.06$7,336
Jan 201636688227.352.36$12,095
Dec 20154501,55232.362.00$17,668
Nov 20154621,64338.792.17$21,482
Oct 20155301,77743.552.43$27,394
Sep 20154221,43542.992.76$22,100
Aug 20156721,50440.162.87$31,308
Jul 20152601,14248.152.95$15,882
Jun 20151931,00356.152.88$13,728
May 20153091,38655.212.96$21,156
Apr 20153091,55849.822.71$19,611
Mar 201529952642.892.93$14,368
Feb 20156431,61944.662.98$33,535
Jan 20152211,25743.433.10$13,496
Dec 20144271,69654.693.59$29,444
Nov 20142251,46670.464.25$22,087
Oct 20144711,85178.303.90$44,100
Sep 20143771,44686.164.05$38,332
Aug 20147752,07189.394.04$77,634
Jul 20141,1033,15896.564.18$119,705
Jun 20141,1133,11098.164.74$123,984
May 20145923,51894.734.73$72,708
Apr 20141,0392,99295.944.81$114,071
Mar 20143902,64795.895.06$50,782
Feb 201437544497.406.19$39,274
Jan 20144932,10790.404.86$54,809
Dec 20138502,35291.824.35$88,289
Nov 20135012,05588.853.74$52,196
Oct 20135212,59697.423.78$60,567
Sep 20137683,255104.113.72$92,058
Aug 2013456257104.253.52$48,443
Jul 20137264,605102.523.72$91,550
Jun 20136392,63194.403.93$70,670
May 20137902,59194.834.15$85,666
Apr 20137733,42193.964.28$87,282
Mar 20139152,65493.623.91$96,047
Feb 20138352,53291.233.42$84,836
Jan 20138232,52291.603.42$84,012
Dec 20127392,63786.773.42$73,142
Nov 20128331,01686.953.62$76,112
Oct 20121,0367989.383.40$92,866
Sep 20126591,63794.672.92$67,165
Aug 20129561,74792.662.91$93,664
Jul 20121,0621,45585.133.02$94,803
Jun 20121,0971,44079.822.52$91,190
May 20121,1831,82291.612.49$112,908
Apr 20127951,211101.652.00$83,230
Mar 20121,2913,604105.052.22$143,628
Feb 20121,0651,506101.102.57$111,542
Jan 20121,2761,92098.092.73$130,412
Dec 20111,3391,43396.873.24$134,351
Nov 20111,5391,30395.723.31$151,628
Oct 20111,4282,03484.983.65$128,773
Sep 20111,7512,52683.623.99$156,487
Aug 20111,7461,00383.404.15$149,778
Jul 20111,6262,82894.144.52$165,846
Jun 20111,8173,03192.904.64$182,863
May 20112,3094,00598.134.40$244,223
Apr 20112,0673,983105.964.33$236,279
Mar 20113,0215,47196.364.06$313,301
Feb 20112,6533,83485.644.18$243,229
Jan 20113,5535,43686.504.59$332,279
Dec 20104,2094,75685.734.35$381,515
Nov 20101,2331,44380.843.80$105,152
Oct 201039254778.103.51$32,535
Sep 201023331072.633.98$18,156
Aug 201026229673.684.42$20,612
Jul 201025519772.554.74$19,433
Jun 201021324970.364.91$16,209
May 201025328471.124.24$19,196
Apr 201020319181.694.12$17,371
Mar 201030532878.394.39$25,348
Feb 201032130673.585.44$25,285
Jan 201043143974.365.96$34,667
Dec 200935427371.445.48$26,787
Nov 200935541174.593.75$28,021
Oct 200924930472.544.11$19,312
Sep 200948816665.543.06$32,492
Aug 200934411367.423.22$23,556
Jul 200936315961.133.46$22,741
Jun 200936511566.163.90$24,596
May 200948421054.743.93$27,319
Apr 200934827446.773.59$17,259
Mar 200936530142.144.06$16,603
Feb 200947844432.814.63$17,740
Jan 200960664835.865.37$25,212
Dec 200870496037.105.98$31,856
Nov 200852963455.496.86$33,704
Oct 200842472575.246.92$36,920
Sep 20081,195693101.767.88$127,062
Aug 2008809598114.228.48$97,477
Jul 2008514394131.0811.39$71,863

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 2026 — as filed, then multipliedworked
Oil                  121 bbl  × $ 89.75 =    $10,860
Casinghead gas     3,625 Mcf  × $  3.15 =    $11,417

────────────────────────────────────────────────────
Month total                                  $22,276

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/39437 is the state's own key, not one this site invented.