STEWART 1

Operated by BAYSWATER OPERATING COMPANY LLC (P-5 58827) 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 40988District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$4.4 M
Nov 2010 – May 2026
Value, last 12 filed months
$77 k
at the published price for each month
Months reported
187
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
OilDisposition55,666 bbl$4,032,384
Casinghead gasProduction117,302 Mcf$382,748
Total$4,415,131

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 32.3931, -101.3288. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.39310, -101.32883 · 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
9,130 ft
2 wells filed one
Completion to plug
7.4 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 9,030 and 9,229 ft, median 9,130 ft, over the 2 wells that filed a depth.

Completions filed
Feb 2011 – Jan 2013
2 of 2 wells
Plug dates filed
Jun 2020
1 of 2 wells; 1 filed none

Last completion to plug: a median of 7.4 years across the 1 well that filed both dates, with the middle half between 7.4 years and 7.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2273710829,229 ftJan 2013Jun 2020Yes
42-2273647419,030 ftFeb 2011

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 (187)

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

187 months

May 20263740106.413.05$39,797
Apr 2026376098.932.87$37,198
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
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 2025183070.884.34$12,971
Jan 2025369074.324.28$27,424
Dec 2024180068.993.12$12,418
Nov 2024194069.052.20$13,396
Oct 2024364071.372.28$25,979
Sep 2024181069.612.36$12,599
Aug 2024180075.632.06$13,613
Jul 2024185079.932.15$14,787
Jun 2024335078.082.63$26,157
May 2024184078.812.20$14,501
Apr 2024377084.451.66$31,838
Mar 2024365080.301.55$29,310
Feb 20240076.091.78$0
Jan 2024192073.023.30$14,020
Dec 2023152071.262.61$10,832
Nov 2023357077.892.81$27,807
Oct 20230085.443.09$0
Sep 2023389089.042.74$34,637
Aug 2023184080.522.67$14,816
Jul 2023368074.852.64$27,545
Jun 202336314868.962.26$25,367
May 20233716970.622.23$26,354
Apr 20231871378.122.24$14,638
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 2022189076.415.73$14,441
Nov 2022362085.005.65$30,770
Oct 2022180087.185.86$15,692
Sep 2022188084.888.16$15,957
Aug 202218217994.529.13$18,836
Jul 2022190278101.587.54$21,397
Jun 2022182206115.097.98$22,590
May 2022533120109.378.43$59,306
Apr 202219938104.226.84$21,000
Mar 202238113108.885.08$41,549
Feb 2022388091.054.86$35,327
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 2021183077.435.24$14,170
Oct 2021205079.795.71$16,357
Sep 20211811369.865.35$12,714
Aug 2021186666.024.22$12,305
Jul 2021188070.783.98$13,307
Jun 20212001369.493.38$13,942
May 202103763.483.02$112
Apr 20213725960.362.76$22,617
Mar 20211928161.302.72$11,990
Feb 20211856357.805.55$11,043
Jan 202135321350.412.81$18,393
Dec 202019439144.642.68$9,706
Nov 20201831,44338.772.71$11,000
Oct 20203551,17036.972.48$16,024
Sep 202018721337.091.99$7,360
Aug 202017632739.982.39$7,816
Jul 202018135138.371.83$7,586
Jun 202035664834.901.69$13,520
May 202001,47316.921.81$2,673
Apr 202038136714.751.80$6,282
Mar 202054514830.341.86$16,810
Feb 202037627749.881.98$19,304
Jan 202003957.252.09$82
Dec 201919214259.012.30$11,657
Nov 201918213255.302.75$10,428
Oct 201918239353.472.42$10,682
Sep 20193611,07455.052.66$22,727
Aug 201936391353.112.30$21,383
Jul 20193691,14156.272.46$23,571
Jun 20193761,44352.782.49$23,440
May 20191851,20358.482.74$14,115
Apr 201955086362.632.75$36,820
Mar 20193731,29756.803.06$25,158
Feb 2019660050.852.79$1,980
Jan 201936882046.033.23$19,586
Dec 201838493546.594.19$21,804
Nov 20183961,43052.934.24$27,020
Oct 20185621,40961.443.40$39,317
Sep 201853859.543.11$416
Aug 2018433859.403.07$1,274
Jul 201834981065.142.93$25,109
Jun 201819070860.183.08$13,613
May 20183801,34765.382.90$28,752
Apr 20183181,25163.842.90$23,930
Mar 20183791,29661.222.79$26,814
Feb 201817892461.782.77$13,553
Jan 201837279062.874.01$26,555
Dec 20171901,11357.272.92$14,133
Nov 20173561,08855.423.12$23,122
Oct 20173611,23849.292.98$21,487
Sep 20171911,21247.523.09$12,818
Aug 20173691,29545.373.00$20,632
Jul 20173581,26043.873.09$19,595
Jun 201736189042.493.09$18,087
May 20171921,09945.373.26$12,298
Apr 20173751,16547.933.21$21,715
Mar 20173541,08246.772.98$19,785
Feb 20173591,12250.452.95$21,424
Jan 20173671,14849.413.42$22,058
Dec 20163661,10848.763.72$21,971
Nov 20163521,06942.492.64$17,783
Oct 201618597546.193.09$11,558
Sep 20163711,00041.553.10$18,516
Aug 20163591,12241.442.92$18,158
Jul 201619648841.622.92$9,585
Jun 201636395345.352.69$19,022
May 20163621,07942.521.99$17,541
Apr 20161821,12436.561.99$8,892
Mar 20163281,09633.011.79$12,794
Feb 201638497226.472.06$12,170
Jan 20163761,11027.352.36$12,908
Dec 20151891,19632.362.00$8,510
Nov 20153751,21138.792.17$17,171
Oct 20151841,24743.552.43$11,039
Sep 201537995942.992.76$18,939
Aug 201538163440.162.87$17,122
Jul 201538290248.152.95$21,050
Jun 20153841,08056.152.88$24,675
May 20151911,12555.212.96$13,870
Apr 20153861,01649.822.71$21,980
Mar 20158811,13742.892.93$41,123
Feb 20151681,24344.662.98$11,202
Jan 201518779843.433.10$10,596
Dec 20143491,02554.693.59$22,768
Nov 201434699970.464.25$28,627
Oct 20143501,09878.303.90$31,688
Sep 201435889386.164.05$34,458
Aug 201454097289.394.04$52,193
Jul 201436776896.564.18$38,647
Jun 201452460998.164.74$54,321
May 201435643594.734.73$35,780
Apr 201434757695.944.81$36,061
Mar 201452874995.895.06$54,417
Feb 201417968497.406.19$21,670
Jan 201487156590.404.86$81,485
Dec 201334741791.824.35$33,677
Nov 201335479688.853.74$34,429
Oct 20135401,01697.423.78$56,447
Sep 2013558749104.113.72$60,878
Aug 2013377869104.253.52$42,363
Jul 2013371671102.523.72$40,530
Jun 201355265994.403.93$54,701
May 201355779094.834.15$56,098
Apr 20137401,41793.964.28$75,599
Mar 201390461193.623.91$87,023
Feb 201371975191.233.42$68,163
Jan 201374747891.603.42$70,060
Dec 201219224986.773.42$17,511
Nov 201238089486.953.62$36,282
Oct 20125801,04489.383.40$55,390
Sep 201219294094.672.92$20,920
Aug 20125561,68092.662.91$56,405
Jul 201237452185.133.02$33,412
Jun 201238111179.822.52$30,691
May 201219227391.612.49$18,268
Apr 2012546390101.652.00$56,280
Mar 20125122,555105.052.22$59,463
Feb 2012196885101.102.57$22,090
Jan 20125781,19698.092.73$59,966
Dec 20115701,26696.873.24$59,317
Nov 20115641,80995.723.31$59,976
Oct 20117661,89184.983.65$71,994
Sep 20111,2891,84883.623.99$115,152
Aug 20113676883.404.15$30,890
Jul 20110094.144.52$0
Jun 20113721,86492.904.64$43,208
May 20113722,59198.134.40$47,917
Apr 20115422,030105.964.33$66,227
Mar 20119334,95396.364.06$110,000
Feb 201101,59885.644.18$6,680
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$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                  374 bbl  × $106.41 =    $39,797
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $39,797

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/40988 is the state's own key, not one this site invented.