HEADLEE

Operated by COG OPERATING LLC (P-5 166150) 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 40039District 08Field 85280300OilCasinghead gasSave
Value, all time
$166.7 M
Feb 2010 – May 2026
Value, last 12 filed months
$6.9 M
at the published price for each month
Months reported
196
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition2,508,733 bbl$155,593,547
Casinghead gasProduction3,239,753 Mcf$11,063,023
Total$166,656,569

Wells on this lease (19)

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 31.9764, -102.2927. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.4 miles.

31.97396, -102.29352 · 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
36.8%
7 of 19 wells
With a plug date
36.8%
7 of 19 wells
Median depth
9,815 ft
19 wells filed one
Completion to plug
13.5 years
median over 7 wells

What the state filed about each well

On the RRC proration schedule
736.8%
A plug date is filed
736.8%
BothOn the schedule and plugged. Neither fact cancels the other.
736.8%
NeitherNo plug date, and not on the schedule.
1263.2%

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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 19 of 19 wells. Median 9,815 ft, with the middle half between 9,257 and 10,916 ft; the shallowest is 1,660 ft and the deepest 11,015 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

10s

Last completion by decade, 19 of 19 wells, Feb 2010 – Mar 2016. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 2010 – Mar 2016
19 of 19 wells
Plug dates filed
Apr 2025 – Oct 2025
7 of 19 wells; 12 filed none

Last completion to plug: a median of 13.5 years across the 7 wells that filed both dates, with the middle half between 13.3 years and 14.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

19 wells

42-135433933915H9,177 ftMar 2016
42-135433223914LS9,255 ftOct 2015
42-329398673912LS9,258 ftFeb 2015
42-329398663912MS1,660 ftDec 2014
42-135430503911MS8,775 ftSep 2014
42-135430513911WB8,744 ftSep 2014
42-329385053505WB9,815 ftJun 2014
42-329391183505LS9,350 ftJun 2014
42-135426673911LS9,310 ftFeb 2014
42-32937816350410,939 ftJun 2013Oct 2025Yes
42-329385343910H9,813 ftMay 2013
42-13542057340511,015 ftNov 2012
42-13541459340410,965 ftApr 2012Oct 2025Yes
42-32937739350310,926 ftMar 2012May 2025Yes
42-13541265340310,892 ftNov 2011Apr 2025Yes
42-32937303350210,841 ftOct 2011
42-13540727340210,947 ftApr 2011Apr 2025Yes
42-32936703350110,845 ftNov 2010Oct 2025Yes
42-13539608340110,905 ftFeb 2010May 2025Yes

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 (196)

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

196 months

May 20266,27815,212106.413.05$714,375
Apr 20266,89216,83298.932.87$730,129
Mar 20267,49116,12589.753.15$723,102
Feb 20267,14915,73863.503.75$512,984
Jan 20267,02614,64259.138.00$532,553
Dec 20257,14016,20356.664.41$476,062
Nov 20256,40214,60458.593.93$432,435
Oct 20257,55718,26859.383.30$509,107
Sep 20257,36117,95962.743.08$517,088
Aug 20257,65118,19163.933.01$543,970
Jul 20258,27317,48966.743.32$610,120
Jun 20257,75315,17466.483.13$562,895
May 20258,83917,21060.553.23$590,830
Apr 20258,57013,95462.363.54$583,866
Mar 20255,5799,99467.704.27$420,356
Feb 20256,47911,53070.884.34$509,281
Jan 20258,22414,11874.324.28$671,614
Dec 20248,03814,29768.993.12$599,168
Nov 20247,70414,09769.052.20$562,953
Oct 20248,06016,75071.372.28$613,456
Sep 20248,54118,71669.612.36$638,790
Aug 20248,12520,56575.632.06$656,932
Jul 20248,61620,92979.932.15$733,603
Jun 20248,20718,48978.082.63$689,502
May 20248,42019,05078.812.20$705,460
Apr 20249,36720,61684.451.66$825,249
Mar 202410,06718,38380.301.55$836,784
Feb 20249,24015,10576.091.78$730,013
Jan 20247,44912,80573.023.30$586,153
Dec 20238,73716,30871.262.61$665,174
Nov 20239,16616,45177.892.81$760,127
Oct 20239,35718,61585.443.09$856,932
Sep 20238,51217,56589.042.74$805,949
Aug 20239,43422,68680.522.67$820,263
Jul 202310,16523,29974.852.64$822,402
Jun 20239,10921,57568.962.26$676,883
May 20239,95522,58270.622.23$753,321
Apr 202310,18522,68578.122.24$846,416
Mar 202310,80522,70772.852.39$841,486
Feb 20239,70120,38275.112.47$778,898
Jan 20239,74020,85076.533.39$816,036
Dec 202210,54720,89876.415.73$925,623
Nov 202210,35621,05885.005.65$999,158
Oct 20229,30820,10187.185.86$929,339
Sep 20229,98521,51384.888.16$1,023,152
Aug 202210,83725,29294.529.13$1,255,157
Jul 202211,56424,793101.587.54$1,361,662
Jun 202210,11919,430115.097.98$1,319,593
May 202210,17618,490109.378.43$1,268,876
Apr 202210,03420,354104.226.84$1,184,916
Mar 202211,29921,075108.885.08$1,337,220
Feb 202210,92018,14691.054.86$1,082,435
Jan 202212,00820,58381.844.54$1,076,134
Dec 202111,93219,42171.323.90$926,715
Nov 202111,26716,54377.435.24$959,037
Oct 202110,58216,17079.795.71$936,731
Sep 202111,30419,23669.865.35$892,628
Aug 202112,14219,52666.024.22$884,026
Jul 202113,28120,12270.783.98$1,020,157
Jun 202112,17419,35069.493.38$911,386
May 202112,53919,10863.483.02$853,637
Apr 202112,02616,99860.362.76$772,777
Mar 202114,27418,16961.302.72$924,360
Feb 20219,3599,17757.805.55$591,864
Jan 202111,94312,66550.412.81$637,639
Dec 202012,43914,33544.642.68$593,630
Nov 202012,77714,68638.772.71$535,113
Oct 202014,63718,72936.972.48$587,548
Sep 202014,07914,42837.091.99$550,917
Aug 202012,63512,54639.982.39$535,071
Jul 202013,42112,51738.371.83$537,809
Jun 20209,44610,18934.901.69$346,888
May 202010,80513,20516.921.81$206,784
Apr 202010,15410,18314.751.80$168,146
Mar 202012,05510,34730.341.86$384,955
Feb 202010,7408,79149.881.98$553,123
Jan 202011,20811,41257.252.09$665,563
Dec 201910,86612,82359.012.30$670,751
Nov 20199,59311,39755.302.75$561,843
Oct 20199,71312,40453.472.42$549,354
Sep 20198,87212,36955.052.66$521,272
Aug 201914,79418,89053.112.30$829,239
Jul 201914,83018,46556.272.46$879,909
Jun 201912,61814,03452.782.49$700,940
May 201913,12314,14858.482.74$806,203
Apr 201913,61514,73762.632.75$893,245
Mar 201915,74017,49956.803.06$947,616
Feb 201911,90713,46750.852.79$643,074
Jan 201917,27616,96146.033.23$849,967
Dec 201815,91314,48246.594.19$802,000
Nov 201811,99814,39052.934.24$696,028
Oct 201817,66219,85661.443.40$1,152,626
Sep 201815,59818,01459.543.11$984,692
Aug 201817,79121,89259.403.07$1,123,919
Jul 201817,62321,01365.142.93$1,209,570
Jun 201816,69322,30560.183.08$1,073,215
May 201817,18321,10265.382.90$1,184,637
Apr 201818,69824,45263.842.90$1,264,611
Mar 201819,66223,56161.222.79$1,269,368
Feb 201816,54917,54161.782.77$1,070,918
Jan 201819,33122,23362.874.01$1,304,479
Dec 201720,82022,69257.272.92$1,258,657
Nov 201719,55923,40355.423.12$1,156,939
Oct 201721,12825,92149.292.98$1,118,739
Sep 201721,21625,44947.523.09$1,086,753
Aug 201721,16222,90945.373.00$1,028,948
Jul 201722,65226,78043.873.09$1,076,421
Jun 201720,96822,67742.493.09$960,941
May 201724,18832,86945.373.26$1,204,674
Apr 201723,85229,89647.933.21$1,239,240
Mar 201724,27129,30646.772.98$1,222,594
Feb 201720,72025,77650.452.95$1,121,430
Jan 201725,59626,32949.413.42$1,354,712
Dec 201623,87726,35748.763.72$1,262,365
Nov 201621,81925,54542.492.64$994,639
Oct 201625,50029,90546.193.09$1,270,259
Sep 201624,32621,64241.553.10$1,077,849
Aug 201632,07535,02941.442.92$1,431,625
Jul 201633,40333,34841.622.92$1,487,754
Jun 201630,75530,33845.352.69$1,476,222
May 201635,77133,38742.521.99$1,587,458
Apr 201638,86434,24736.561.99$1,489,055
Mar 201631,54922,76533.011.79$1,082,273
Feb 201615,11713,03826.472.06$427,053
Jan 201637,41430,28027.352.36$1,094,866
Dec 201533,43828,93632.362.00$1,139,966
Nov 201539,03027,10038.792.17$1,572,708
Oct 201526,38716,80043.552.43$1,189,920
Sep 201512,8945,24342.992.76$568,775
Aug 20157,5456,95440.162.87$322,983
Jul 201527,25523,14448.152.95$1,380,489
Jun 201527,69528,68856.152.88$1,637,778
May 201524,76322,26255.212.96$1,432,959
Apr 201529,14228,96849.822.71$1,530,258
Mar 201526,75917,70842.892.93$1,199,661
Feb 201510,0246,01144.662.98$465,562
Jan 201528,05224,23043.433.10$1,293,427
Dec 201433,16836,92154.693.59$1,946,555
Nov 201441,49840,51670.464.25$3,096,217
Oct 201434,18230,33378.303.90$2,794,778
Sep 201410,8699,88586.164.05$976,462
Aug 201421,26318,38489.394.04$1,974,881
Jul 201432,41532,06996.564.18$3,264,028
Jun 201429,31323,93098.164.74$2,990,718
May 201413,48010,72094.734.73$1,327,629
Apr 201415,56115,87195.944.81$1,569,248
Mar 201420,55621,48495.895.06$2,079,755
Feb 201421,24917,40997.406.19$2,177,449
Jan 20145,8696,29990.404.86$561,175
Dec 20136,6375,69891.824.35$634,221
Nov 20135,9399,55088.853.74$563,381
Oct 20138,09717,85297.423.78$856,279
Sep 201311,25224,038104.113.72$1,260,813
Aug 201313,76728,179104.253.52$1,534,473
Jul 201313,35521,978102.523.72$1,450,863
Jun 201320,71329,46394.403.93$2,071,197
May 201310,82317,72694.834.15$1,099,892
Apr 20132,9295,50493.964.28$298,780
Mar 20134,7309,24893.623.91$479,009
Feb 20135,5329,99291.233.42$538,856
Jan 20137,33310,17891.603.42$706,511
Dec 20126,6899,37386.773.42$612,462
Nov 20123,7815,56086.953.62$348,913
Oct 20122,9236,56089.383.40$283,560
Sep 20123,4277,12094.672.92$345,213
Aug 20124,1549,05392.662.91$411,237
Jul 20124,4959,18685.133.02$410,408
Jun 20126,52511,64579.822.52$550,160
May 20125,54010,95691.612.49$534,781
Apr 20125,1456,072101.652.00$535,114
Mar 20123,0075,400105.052.22$327,885
Feb 20122,3934,734101.102.57$254,100
Jan 20123,8855,13198.092.73$395,108
Dec 20114,3129,76396.873.24$449,333
Nov 20114,4563,87995.723.31$439,373
Oct 20111,3152,67284.983.65$121,498
Sep 20112,0053,88283.623.99$183,131
Aug 20112,0646,40983.404.15$198,731
Jul 20114,0637,65394.144.52$417,061
Jun 20114,9127,12592.904.64$489,384
May 20115,0945,70998.134.40$525,021
Apr 20111,5871,940105.964.33$176,565
Mar 20119471,84796.364.06$98,747
Feb 20111,2382,11285.644.18$114,850
Jan 20111,6121,84886.504.59$147,918
Dec 20102,1763,19285.734.35$200,427
Nov 201070667280.843.80$59,624
Oct 201036940578.103.51$30,240
Sep 201035344572.633.98$27,409
Aug 201052766273.684.42$41,755
Jul 20105271,39072.554.74$44,818
Jun 20107081,28070.364.91$56,100
May 20101,20654871.124.24$88,092
Apr 20101,272081.694.12$103,910
Mar 20101,798078.394.39$140,945
Feb 201022073.585.44$1,619

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.

May 2026 — as filed, then multipliedworked
Oil                6,278 bbl  × $106.41 =   $668,042
Casinghead gas    15,212 Mcf  × $  3.05 =    $46,333

────────────────────────────────────────────────────
Month total                                 $714,375

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/40039 is the state's own key, not one this site invented.