SLATER 16

Name: SLATER 16 lease production and value, Aug 2010 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by OVINTIV USA INC. (P-5 628658) 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 40288District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$3.6 M

Aug 2010 – Jun 2020

Value, last 12 filed months

$253 k

at the published price for each month

Months reported

119

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	42,048 bbl	$3,078,571
Casinghead gas	Production	155,653 Mcf	$527,452
Total			$3,606,022

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 32.2930, -101.5662. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.29297, -101.56620 · 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%

2 of 2 wells

With a plug date

0.0%

0 of 2 wells

Median depth

9,827 ft

2 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

00.0%

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

00.0%

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 9,804 and 9,850 ft, median 9,827 ft, over the 2 wells that filed a depth.

Completions filed

Aug 2010 – Jun 2011

2 of 2 wells

2 wells


42-22736544	2	9,850 ft	Jun 2011	—	Yes
42-22736353	1	9,804 ft	Aug 2010	—	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 (119)

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

119 months


Jun 2020	330	1,665	34.90	1.69	$14,331
May 2020	501	1,480	16.92	1.81	$11,163
Apr 2020	338	1,812	14.75	1.80	$8,255
Mar 2020	337	1,681	30.34	1.86	$13,345
Feb 2020	499	1,223	49.88	1.98	$27,312
Jan 2020	341	1,882	57.25	2.09	$23,465
Dec 2019	336	2,101	59.01	2.30	$24,669
Nov 2019	490	1,915	55.30	2.75	$32,365
Oct 2019	494	1,757	53.47	2.42	$30,664
Sep 2019	311	1,036	55.05	2.66	$19,873
Aug 2019	332	1,047	53.11	2.30	$20,045
Jul 2019	472	585	56.27	2.46	$27,999
Jun 2019	332	377	52.78	2.49	$18,462
May 2019	160	136	58.48	2.74	$9,729
Apr 2019	0	91	62.63	2.75	$250
Mar 2019	321	924	56.80	3.06	$21,062
Feb 2019	166	1,211	50.85	2.79	$11,822
Jan 2019	155	1,325	46.03	3.23	$11,412
Dec 2018	167	1,420	46.59	4.19	$13,724
Nov 2018	353	1,181	52.93	4.24	$23,688
Oct 2018	336	813	61.44	3.40	$23,406
Sep 2018	163	765	59.54	3.11	$12,083
Aug 2018	0	590	59.40	3.07	$1,809
Jul 2018	167	627	65.14	2.93	$12,717
Jun 2018	356	697	60.18	3.08	$23,569
May 2018	181	789	65.38	2.90	$14,123
Apr 2018	161	786	63.84	2.90	$12,558
Mar 2018	352	988	61.22	2.79	$24,303
Feb 2018	182	800	61.78	2.77	$13,457
Jan 2018	350	561	62.87	4.01	$24,254
Dec 2017	360	561	57.27	2.92	$22,256
Nov 2017	509	751	55.42	3.12	$30,551
Oct 2017	180	364	49.29	2.98	$9,958
Sep 2017	173	522	47.52	3.09	$9,833
Aug 2017	170	699	45.37	3.00	$9,813
Jul 2017	166	671	43.87	3.09	$9,354
Jun 2017	171	754	42.49	3.09	$9,594
May 2017	341	547	45.37	3.26	$17,256
Apr 2017	1	281	47.93	3.21	$950
Mar 2017	341	386	46.77	2.98	$17,100
Feb 2017	681	339	50.45	2.95	$35,357
Jan 2017	5	281	49.41	3.42	$1,208
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	3	0	42.49	2.64	$127
Oct 2016	0	426	46.19	3.09	$1,316
Sep 2016	167	734	41.55	3.10	$9,215
Aug 2016	331	780	41.44	2.92	$15,998
Jul 2016	164	764	41.62	2.92	$9,060
Jun 2016	163	981	45.35	2.69	$10,027
May 2016	170	990	42.52	1.99	$9,200
Apr 2016	0	825	36.56	1.99	$1,643
Mar 2016	174	827	33.01	1.79	$7,227
Feb 2016	165	1,016	26.47	2.06	$6,464
Jan 2016	169	1,133	27.35	2.36	$7,301
Dec 2015	172	1,102	32.36	2.00	$7,771
Nov 2015	0	1,131	38.79	2.17	$2,451
Oct 2015	542	1,185	43.55	2.43	$26,480
Sep 2015	0	1,212	42.99	2.76	$3,343
Aug 2015	0	1,053	40.16	2.87	$3,025
Jul 2015	442	1,159	48.15	2.95	$24,696
Jun 2015	168	1,160	56.15	2.88	$12,777
May 2015	0	1,196	55.21	2.96	$3,535
Apr 2015	522	1,219	49.82	2.71	$29,305
Mar 2015	0	1,183	42.89	2.93	$3,472
Feb 2015	353	748	44.66	2.98	$17,991
Jan 2015	0	903	43.43	3.10	$2,800
Dec 2014	173	1,094	54.69	3.59	$13,390
Nov 2014	355	1,231	70.46	4.25	$30,247
Oct 2014	185	1,293	78.30	3.90	$19,529
Sep 2014	347	1,247	86.16	4.05	$34,942
Aug 2014	176	1,331	89.39	4.04	$21,103
Jul 2014	339	105	96.56	4.18	$33,173
Jun 2014	174	368	98.16	4.74	$18,823
May 2014	166	674	94.73	4.73	$18,911
Apr 2014	666	860	95.94	4.81	$68,032
Mar 2014	173	1,157	95.89	5.06	$22,440
Feb 2014	343	787	97.40	6.19	$38,281
Jan 2014	186	448	90.40	4.86	$18,992
Dec 2013	0	319	91.82	4.35	$1,389
Nov 2013	0	118	88.85	3.74	$441
Oct 2013	371	714	97.42	3.78	$38,841
Sep 2013	173	979	104.11	3.72	$21,651
Aug 2013	360	623	104.25	3.52	$39,725
Jul 2013	179	949	102.52	3.72	$21,879
Jun 2013	351	1,757	94.40	3.93	$40,045
May 2013	533	2,133	94.83	4.15	$59,394
Apr 2013	0	1,204	93.96	4.28	$5,156
Mar 2013	367	1,223	93.62	3.91	$39,144
Feb 2013	178	1,742	91.23	3.42	$22,196
Jan 2013	775	2,223	91.60	3.42	$78,592
Dec 2012	369	1,857	86.77	3.42	$38,369
Nov 2012	0	1,487	86.95	3.62	$5,390
Oct 2012	556	1,851	89.38	3.40	$55,988
Sep 2012	569	2,331	94.67	2.92	$60,670
Aug 2012	377	715	92.66	2.91	$37,012
Jul 2012	563	2,099	85.13	3.02	$54,269
Jun 2012	744	1,881	79.82	2.52	$64,124
May 2012	375	696	91.61	2.49	$36,086
Apr 2012	383	543	101.65	2.00	$40,016
Mar 2012	360	477	105.05	2.22	$38,878
Feb 2012	925	1,124	101.10	2.57	$96,406
Jan 2012	525	1,857	98.09	2.73	$56,574
Dec 2011	565	1,110	96.87	3.24	$58,328
Nov 2011	764	230	95.72	3.31	$73,892
Oct 2011	1,260	1,890	84.98	3.65	$113,971
Sep 2011	181	786	83.62	3.99	$18,268
Aug 2011	137	883	83.40	4.15	$15,090
Jul 2011	273	586	94.14	4.52	$28,347
Jun 2011	191	1,608	92.90	4.64	$25,205
May 2011	497	3,583	98.13	4.40	$64,553
Apr 2011	333	3,005	105.96	4.33	$48,306
Mar 2011	533	3,964	96.36	4.06	$67,443
Feb 2011	720	3,892	85.64	4.18	$77,929
Jan 2011	660	3,392	86.50	4.59	$72,655
Dec 2010	911	4,830	85.73	4.35	$99,100
Nov 2010	1,134	8,382	80.84	3.80	$123,485
Oct 2010	2,425	9,200	78.10	3.51	$221,674
Sep 2010	3,290	5,728	72.63	3.98	$261,747
Aug 2010	372	939	73.68	4.42	$31,559

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                  330 bbl  × $ 34.90 =    $11,517
Casinghead gas     1,665 Mcf  × $  1.69 =     $2,814

────────────────────────────────────────────────────
Month total                                  $14,331

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/40288 is the state's own key, not one this site invented.