LIGHTNING

Operated by WTG EXPLORATION (P-5 945220) 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 40885District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$2.1 M
Sep 2010 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
189
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
OilDisposition27,553 bbl$2,114,939
Casinghead gasProduction5,190 Mcf$17,515
Total$2,132,454

Every month this lease reported (189)

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

189 months

May 2026030106.413.05$91
Apr 202603098.932.87$86
Mar 202603089.753.15$94
Feb 20261753063.503.75$11,225
Jan 202603059.138.00$240
Dec 202503056.664.41$132
Nov 202503058.593.93$118
Oct 202503059.383.30$99
Sep 202503062.743.08$92
Aug 202503063.933.01$90
Jul 202503066.743.32$99
Jun 202503066.483.13$94
May 20251633060.553.23$9,967
Apr 202503062.363.54$106
Mar 202503067.704.27$128
Feb 202503070.884.34$130
Jan 202503074.324.28$128
Dec 202403068.993.12$94
Nov 20241673069.052.20$11,597
Oct 202403071.372.28$68
Sep 202403069.612.36$71
Aug 202403075.632.06$62
Jul 202403079.932.15$64
Jun 20241823078.082.63$14,290
May 202403078.812.20$66
Apr 202403084.451.66$50
Mar 20241733080.301.55$13,938
Feb 202463076.091.78$510
Jan 202403073.023.30$99
Dec 20231823071.262.61$13,048
Nov 202303077.892.81$84
Oct 20231753085.443.09$15,045
Sep 202303089.042.74$82
Aug 20231533080.522.67$12,400
Jul 202303074.852.64$79
Jun 202303068.962.26$68
May 20231693070.622.23$12,002
Apr 202303078.122.24$67
Mar 20231723072.852.39$12,602
Feb 20231813075.112.47$13,669
Jan 202303076.533.39$102
Dec 202203076.415.73$172
Nov 20221753085.005.65$15,044
Oct 202203087.185.86$176
Sep 20221693084.888.16$14,590
Aug 202203094.529.13$274
Jul 202217630101.587.54$18,104
Jun 2022130115.097.98$354
May 2022030109.378.43$253
Apr 202218130104.226.84$19,069
Mar 202218630108.885.08$20,404
Feb 202213091.054.86$237
Jan 202203081.844.54$136
Dec 20211853071.323.90$13,311
Nov 202103077.435.24$157
Oct 20211783079.795.71$14,374
Sep 202103069.865.35$161
Aug 20211783066.024.22$11,878
Jul 202103070.783.98$119
Jun 202103069.493.38$101
May 20211863063.483.02$11,898
Apr 202103060.362.76$83
Mar 20211823061.302.72$11,238
Feb 202103057.805.55$166
Jan 20211673050.412.81$8,503
Dec 202003044.642.68$80
Nov 20201713038.772.71$6,711
Oct 202003036.972.48$74
Sep 20201783037.091.99$6,662
Aug 202003039.982.39$72
Jul 20201833038.371.83$7,076
Jun 20201793034.901.69$6,298
May 202003016.921.81$54
Apr 202003014.751.80$54
Mar 202003030.341.86$56
Feb 20201693049.881.98$8,489
Jan 20201733057.252.09$9,967
Dec 201903059.012.30$69
Nov 20191693055.302.75$9,428
Oct 201903053.472.42$73
Sep 20191663055.052.66$9,218
Aug 20191773053.112.30$9,470
Jul 201903056.272.46$74
Jun 201903052.782.49$75
May 20191673058.482.74$9,848
Apr 201923062.632.75$208
Mar 20191783056.803.06$10,202
Feb 20191743050.852.79$8,932
Jan 201903046.033.23$97
Dec 20181893046.594.19$8,931
Nov 201823052.934.24$233
Oct 20181703061.443.40$10,547
Sep 201803059.543.11$93
Aug 201813059.403.07$151
Jul 20181733065.142.93$11,357
Jun 201813060.183.08$152
May 20181733065.382.90$11,398
Apr 20181683063.842.90$10,812
Mar 201813061.222.79$145
Feb 20181663061.782.77$10,338
Jan 201843062.874.01$372
Dec 20171773057.272.92$10,224
Nov 201703055.423.12$94
Oct 20171683049.292.98$8,370
Sep 20171753047.523.09$8,409
Aug 201713045.373.00$136
Jul 20171713043.873.09$7,594
Jun 20171733042.493.09$7,443
May 201733045.373.26$234
Apr 20171733047.933.21$8,388
Mar 20171793046.772.98$8,461
Feb 20171793050.452.95$9,119
Jan 201703049.413.42$103
Dec 20161773048.763.72$8,742
Nov 20161753042.492.64$7,515
Oct 20161763046.193.09$8,222
Sep 201603041.553.10$93
Aug 20161703041.442.92$7,133
Jul 20161783041.622.92$7,496
Jun 20161693045.352.69$7,745
May 201613042.521.99$102
Apr 20161703036.561.99$6,275
Mar 20161753033.011.79$5,831
Feb 20161773026.472.06$4,747
Jan 20161863027.352.36$5,158
Dec 20151743032.362.00$5,691
Nov 20151843038.792.17$7,202
Oct 201503043.552.43$73
Sep 20151753042.992.76$7,606
Aug 20151763040.162.87$7,154
Jul 20151843048.152.95$8,948
Jun 201503056.152.88$86
May 20151843055.212.96$10,247
Apr 201503049.822.71$81
Mar 20151803042.892.93$7,808
Feb 20151743044.662.98$7,860
Jan 20151783043.433.10$7,824
Dec 201413054.693.59$162
Nov 20141743070.464.25$12,388
Oct 20141773078.303.90$13,976
Sep 20141733086.164.05$15,027
Aug 201403089.394.04$121
Jul 20143383096.564.18$32,763
Jun 201403098.164.74$142
May 20141703094.734.73$16,246
Apr 20141763095.944.81$17,030
Mar 20141733095.895.06$16,741
Feb 20141823097.406.19$17,913
Jan 20141743090.404.86$15,875
Dec 20131733091.824.35$16,015
Nov 201303088.853.74$112
Oct 20133553097.423.78$34,697
Sep 2013030104.113.72$112
Aug 201317830104.253.52$18,662
Jul 201317630102.523.72$18,155
Jun 20131773094.403.93$16,827
May 20133383094.834.15$32,177
Apr 201303093.964.28$128
Mar 20131783093.623.91$16,782
Feb 20133593091.233.42$32,854
Jan 20133523091.603.42$32,346
Dec 20121813086.773.42$15,808
Nov 20123503086.953.62$30,541
Oct 20123373089.383.40$30,223
Sep 20123213094.672.92$30,477
Aug 20121743092.662.91$16,210
Jul 20123333085.133.02$28,439
Jun 20125223079.822.52$41,742
May 20123553091.612.49$32,596
Apr 201234730101.652.00$35,332
Mar 201234830105.052.22$36,624
Feb 201235430101.102.57$35,867
Jan 20121763098.092.73$17,346
Dec 2011361096.873.24$34,970
Nov 2011346095.723.31$33,119
Oct 2011501084.983.65$42,575
Sep 2011182083.623.99$15,219
Aug 2011547083.404.15$45,620
Jul 2011344094.144.52$32,384
Jun 2011709092.904.64$65,866
May 2011369098.134.40$36,210
Apr 20119250105.964.33$98,013
Mar 2011926096.364.06$89,229
Feb 2011374085.644.18$32,029
Jan 2011568086.504.59$49,132
Dec 2010727085.734.35$62,326
Nov 2010741080.843.80$59,902
Oct 2010352078.103.51$27,491
Sep 20100072.633.98$0

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                    0 bbl  × $106.41 =         $0
Casinghead gas        30 Mcf  × $  3.05 =        $91

────────────────────────────────────────────────────
Month total                                      $91

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/40885 is the state's own key, not one this site invented.