FOSTER "1"

Operated by BASIN OIL & GAS OPERATING, LLC (P-5 54430) 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 41916District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$10.5 M
Aug 2011 – May 2026
Value, last 12 filed months
$135 k
at the published price for each month
Months reported
178
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
OilDisposition145,434 bbl$10,301,863
Casinghead gasProduction45,890 Mcf$155,695
Total$10,457,558

Every month this lease reported (178)

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

178 months

May 20261780106.413.05$18,941
Apr 2026164098.932.87$16,225
Mar 2026176089.753.15$15,796
Feb 2026181063.503.75$11,494
Jan 2026172059.138.00$10,170
Dec 20250056.664.41$0
Nov 2025175058.593.93$10,253
Oct 2025180059.383.30$10,688
Sep 2025124062.743.08$7,780
Aug 2025164063.933.01$10,485
Jul 2025173066.743.32$11,546
Jun 2025169066.483.13$11,235
May 2025170060.553.23$10,294
Apr 20250062.363.54$0
Mar 2025172067.704.27$11,644
Feb 2025175070.884.34$12,404
Jan 2025174074.324.28$12,932
Dec 2024179068.993.12$12,349
Nov 2024175069.052.20$12,084
Oct 2024342071.372.28$24,409
Sep 2024531069.612.36$36,963
Aug 2024163075.632.06$12,328
Jul 20240079.932.15$0
Jun 2024352078.082.63$27,484
May 2024542078.812.20$42,715
Apr 2024363084.451.66$30,655
Mar 2024544080.301.55$43,683
Feb 2024349076.091.78$26,555
Jan 2024526073.023.30$38,409
Dec 2023366071.262.61$26,081
Nov 2023732077.892.81$57,015
Oct 2023503085.443.09$42,976
Sep 2023498089.042.74$44,342
Aug 2023660080.522.67$53,143
Jul 2023465074.852.64$34,805
Jun 2023498068.962.26$34,342
May 2023515070.622.23$36,369
Apr 2023333078.122.24$26,014
Mar 2023173072.852.39$12,603
Feb 2023336075.112.47$25,237
Jan 2023664076.533.39$50,816
Dec 2022358076.415.73$27,355
Nov 2022500085.005.65$42,500
Oct 2022493087.185.86$42,980
Sep 2022541084.888.16$45,920
Aug 2022504094.529.13$47,638
Jul 20225300101.587.54$53,837
Jun 20225490115.097.98$63,184
May 20225290109.378.43$57,857
Apr 20224830104.226.84$50,338
Mar 20223310108.885.08$36,039
Feb 2022348091.054.86$31,685
Jan 2022649081.844.54$53,114
Dec 2021178071.323.90$12,695
Nov 20210077.435.24$0
Oct 2021694079.795.71$55,374
Sep 2021702069.865.35$49,042
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 2021504069.493.38$35,023
May 2021491063.483.02$31,169
Apr 2021664060.362.76$40,079
Mar 2021686061.302.72$42,052
Feb 2021325057.805.55$18,785
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020620038.772.71$24,037
Oct 2020481036.972.48$17,783
Sep 2020162037.091.99$6,009
Aug 2020335039.982.39$13,393
Jul 2020328038.371.83$12,585
Jun 2020374034.901.69$13,053
May 2020944016.921.81$15,972
Apr 2020479014.751.80$7,065
Mar 20204975330.341.86$15,177
Feb 20206567249.881.98$32,864
Jan 20203263457.252.09$18,735
Dec 201963619959.012.30$37,989
Nov 20196657755.302.75$36,986
Oct 2019647153.472.42$34,598
Sep 20196321155.052.66$34,821
Aug 20196315353.112.30$33,635
Jul 2019654056.272.46$36,801
Jun 20196685752.782.49$35,399
May 20198269958.482.74$48,576
Apr 20196795962.632.75$42,688
Mar 20195203956.803.06$29,655
Feb 20196484150.852.79$33,065
Jan 20198475846.033.23$39,175
Dec 201866013446.594.19$31,310
Nov 201866917052.934.24$36,131
Oct 20186838361.443.40$42,246
Sep 20188421059.543.11$50,164
Aug 20188295259.403.07$49,402
Jul 201868152765.142.93$45,905
Jun 20188501,99660.183.08$57,295
May 20181,33840465.382.90$88,650
Apr 201867845763.842.90$44,609
Mar 20181,45420061.222.79$89,571
Feb 201887216861.782.77$54,337
Jan 20185229962.874.01$33,215
Dec 201733022157.272.92$19,545
Nov 201785150955.423.12$48,750
Oct 201752383549.292.98$28,270
Sep 20171,1941,25147.523.09$60,601
Aug 201797762045.373.00$46,189
Jul 201767268043.873.09$31,580
Jun 201750251842.493.09$22,929
May 201785239545.373.26$39,944
Apr 20171,43786147.933.21$71,641
Mar 20171,39755346.772.98$66,988
Feb 201786218350.452.95$44,028
Jan 20171,53633149.413.42$77,025
Dec 201670624548.763.72$35,337
Nov 20161,00424042.492.64$43,295
Oct 20161,02235346.193.09$48,297
Sep 20161,17137641.553.10$49,821
Aug 20161,03444441.442.92$44,147
Jul 20161,36961641.622.92$58,779
Jun 20161,22460745.352.69$57,139
May 20161,25657842.521.99$54,556
Apr 20161,34730536.561.99$49,854
Mar 20161,01917033.011.79$33,942
Feb 20161,41728526.472.06$38,096
Jan 201661627127.352.36$17,488
Dec 201592545732.362.00$30,848
Nov 20151,09513138.792.17$42,759
Oct 20151,577043.552.43$68,678
Sep 2015659042.992.76$28,330
Aug 20151,311040.162.87$52,650
Jul 20151,43268448.152.95$70,965
Jun 20151,08521356.152.88$61,537
May 20151,39548155.212.96$78,440
Apr 20151,68850949.822.71$85,474
Mar 20151,57445042.892.93$68,829
Feb 201589517144.662.98$40,480
Jan 20151,40113843.433.10$61,273
Dec 20141,4239754.693.59$78,172
Nov 20141,22911070.464.25$87,063
Oct 20141,74639278.303.90$138,241
Sep 20141,78916286.164.05$154,796
Aug 20141,6781,42989.394.04$155,763
Jul 20141,9261,43496.564.18$191,968
Jun 20141,3631,29298.164.74$139,912
May 20141,70388194.734.73$165,489
Apr 20141,68269695.944.81$164,718
Mar 20141,67192895.895.06$164,925
Feb 20141,95332297.406.19$192,216
Jan 20141,63257890.404.86$150,342
Dec 20131,95526691.824.35$180,666
Nov 20131,94392488.853.74$176,090
Oct 20131,62998797.423.78$162,427
Sep 20132,2791,405104.113.72$242,490
Aug 20132,2731,699104.253.52$242,945
Jul 20132,273782102.523.72$235,935
Jun 20131,9551,26494.403.93$189,524
May 20131,02946294.834.15$99,497
Apr 20131,84065993.964.28$175,709
Mar 20132,63746393.623.91$248,688
Feb 20131,01629991.233.42$93,712
Jan 20131,98921191.603.42$182,914
Dec 201287965586.773.42$78,511
Nov 20122,17550086.953.62$190,929
Oct 201298431489.383.40$89,017
Sep 20121,62312094.672.92$154,000
Aug 20121,64183492.662.91$154,480
Jul 20121,30841485.133.02$112,601
Jun 20121,32273479.822.52$107,371
May 20122,13682691.612.49$197,734
Apr 2012987731101.652.00$101,788
Mar 2012334490105.052.22$36,176
Feb 20121,320531101.102.57$134,817
Jan 20121,00247898.092.73$99,593
Dec 201164743696.873.24$64,087
Nov 201199434395.723.31$96,281
Oct 201136435584.983.65$32,228
Sep 2011030483.623.99$1,212
Aug 2011224983.404.15$1,200

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                  178 bbl  × $106.41 =    $18,941
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,941

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/41916 is the state's own key, not one this site invented.