BARBEE-E-

Operated by LAREDO PETROLEUM, INC. (P-5 486610) 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 40284District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$6.4 M
Aug 2010 – Mar 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
140
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
OilDisposition59,644 bbl$5,196,327
Casinghead gasProduction336,418 Mcf$1,154,631
Total$6,350,958

Wells on this lease (4)

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 31.6568, -101.3717. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.65698, -101.37166 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
8,948 ft
4 wells filed one
Completion to plug
23 months
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 8,259 and 9,660 ft, median 8,948 ft, over the 4 wells that filed a depth.

Completions filed
Jan 2012 – Jan 2019
4 of 4 wells
Plug dates filed
Dec 2014 – Jan 2022
4 of 4 wells

Last completion to plug: a median of 23 months across the 4 wells that filed both dates, with the middle half between 9 months and 3.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-173337313B8,259 ftJan 2019Jul 2019Yes
42-173345413Q9,660 ftJun 2018Apr 2019Yes
42-173337143J8,272 ftJul 2017Jan 2022Yes
42-173345443I9,624 ftJan 2012Dec 2014Yes

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 (140)

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

140 months

Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
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 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20184061.443.40$246
Sep 20180059.543.11$0
Aug 2018032659.403.07$1,000
Jul 201817952965.142.93$13,211
Jun 2018050860.183.08$1,563
May 2018054665.382.90$1,584
Apr 2018053263.842.90$1,543
Mar 201818854061.222.79$13,014
Feb 2018048261.782.77$1,333
Jan 2018055062.874.01$2,205
Dec 2017050657.272.92$1,478
Nov 201718949255.423.12$12,009
Oct 2017053949.292.98$1,608
Sep 2017161347.523.09$1,940
Aug 201717967945.373.00$10,161
Jul 2017065643.873.09$2,025
Jun 2017558742.493.09$2,025
May 20171841,20745.373.26$12,287
Apr 20171851,22547.933.21$12,801
Mar 20171831,22546.772.98$12,214
Feb 201701,05750.452.95$3,121
Jan 20171851,22449.413.42$13,325
Dec 20161971,19948.763.72$14,069
Nov 20161911,30342.492.64$11,561
Oct 20161921,36146.193.09$13,074
Sep 201611,31641.553.10$4,122
Aug 20161901,39241.442.92$11,944
Jul 20161911,35541.622.92$11,912
Jun 20161831,34145.352.69$11,901
May 201601,32242.521.99$2,632
Apr 20161811,34836.561.99$9,301
Mar 20161851,39233.011.79$8,604
Feb 20161921,32426.472.06$7,814
Jan 20161851,43027.352.36$8,441
Dec 20151871,42932.362.00$8,911
Nov 20153741,40538.792.17$17,553
Oct 201501,59943.552.43$3,880
Sep 20151861,59042.992.76$12,382
Aug 201551,65040.162.87$4,940
Jul 20153711,42848.152.95$22,069
Jun 201501,55556.152.88$4,483
May 20151801,53355.212.96$14,469
Apr 20151901,48949.822.71$13,496
Mar 20151891,60342.892.93$12,811
Feb 20151881,35144.662.98$12,417
Jan 20151791,44943.433.10$12,267
Dec 20143571,63854.693.59$25,407
Nov 201401,55870.464.25$6,624
Oct 20143381,64978.303.90$32,898
Sep 20141671,83586.164.05$21,812
Aug 20141711,89689.394.04$22,936
Jul 20141892,45596.564.18$28,511
Jun 20143723,04798.164.74$50,949
May 20145253,85494.734.73$67,949
Apr 20143543,77195.944.81$52,098
Mar 20147163,98095.895.06$88,783
Feb 20143673,64297.406.19$58,297
Jan 20146134,02490.404.86$74,975
Dec 20134014,26891.824.35$55,405
Nov 20135504,14588.853.74$64,363
Oct 20133724,35297.423.78$52,688
Sep 20137454,365104.113.72$93,790
Aug 20135474,664104.253.52$73,454
Jul 20135365,119102.523.72$73,982
Jun 20137186,85794.403.93$94,751
May 20131,0808,99794.834.15$139,746
Apr 20131,0876,78193.964.28$131,175
Mar 20131,2767,63593.623.91$149,334
Feb 20131,1115,77691.233.42$121,110
Jan 20135395,62991.603.42$68,623
Dec 20121,2518,16286.773.42$136,465
Nov 20121,2687,90686.953.62$138,912
Oct 20121,0506,65789.383.40$116,481
Sep 20127214,84694.672.92$82,400
Aug 20122,0019,80792.662.91$213,933
Jul 20121,43610,39385.133.02$153,642
Jun 20121,2478,65279.822.52$121,330
May 20121,58312,25891.612.49$175,520
Apr 20122,80919,738101.652.00$324,948
Mar 20123,53411,431105.052.22$396,647
Feb 20122,0588,306101.102.57$229,412
Jan 20122,6634,92198.092.73$274,668
Dec 20115713,41596.873.24$66,376
Nov 20113743,54795.723.31$47,544
Oct 20117233,70184.983.65$74,944
Sep 20117143,62383.623.99$74,145
Aug 20111,2093,93483.404.15$117,154
Jul 20115463,89594.144.52$68,995
Jun 20118753,76692.904.64$98,761
May 20116973,97998.134.40$85,923
Apr 20118994,009105.964.33$112,630
Mar 20111,0694,39896.364.06$120,853
Feb 20111,2163,25185.644.18$117,727
Jan 20111,4183,89986.504.59$140,549
Dec 20102,1255,68385.734.35$206,885
Nov 20102,1138,51880.843.80$203,144
Oct 20103,3389,44578.103.51$293,839
Sep 20101,5864,15172.633.98$131,710
Aug 20100373.684.42$13

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.

Oct 2018 — as filed, then multipliedworked
Oil                    4 bbl  × $ 61.44 =       $246
Casinghead gas         0 Mcf  × $  3.40 =         $0

────────────────────────────────────────────────────
Month total                                     $246

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/40284 is the state's own key, not one this site invented.