MARTIN-MADISON

Operated by RAFTER T RESOURCES LLC (P-5 102775) 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 43385District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$14.2 M
Sep 2012 – May 2026
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
165
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
OilDisposition173,076 bbl$12,571,313
Casinghead gasProduction476,836 Mcf$1,675,358
Total$14,246,671

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 32.2733, -101.7645. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.27325, -101.76449 · 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
0.0%
0 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
10,835 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
00.0%
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.
2100.0%

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 10,830 and 10,840 ft, median 10,835 ft, over the 2 wells that filed a depth.

Completions filed
Sep 2012 – Oct 2012
2 of 2 wells

2 wells

42-31737924210,840 ftOct 2012
42-31737922110,830 ftSep 2012

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 (165)

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

165 months

May 20261,7576,065106.413.05$205,435
Apr 20262,1217,09498.932.87$230,188
Mar 20261,9536,16889.753.15$194,708
Feb 20262,2816,73563.503.75$170,102
Jan 20262,2605,82059.138.00$180,182
Dec 20252,6457,34256.664.41$182,269
Nov 20252,3377,76358.593.93$167,406
Oct 20257155,81159.383.30$61,661
Sep 20255277,36362.743.08$55,719
Aug 20253485,69763.933.01$39,423
Jul 20255217,72566.743.32$60,381
Jun 20253516,37666.483.13$43,283
May 20255264,83960.553.23$47,491
Apr 20256783,87662.363.54$56,013
Mar 20255351,55267.704.27$42,844
Feb 20253512,42170.884.34$35,388
Jan 20255472,61274.324.28$51,829
Dec 20245392,14868.993.12$43,890
Nov 20245411,98069.052.20$41,709
Oct 20247201,07971.372.28$53,848
Sep 20247241,15169.612.36$53,119
Aug 20241,04716175.632.06$79,517
Jul 20241,2081,34479.932.15$99,440
Jun 20241,21168078.082.63$96,346
May 20241,35981178.812.20$108,886
Apr 202451832484.451.66$44,283
Mar 2024337780.301.55$27,072
Feb 2024500076.091.78$38,045
Jan 20245063173.023.30$37,050
Dec 2023558071.262.61$39,763
Nov 202318644077.892.81$15,723
Oct 202336345885.443.09$32,429
Sep 20231,5152,71989.042.74$142,332
Aug 20231,44221180.522.67$116,674
Jul 202316913174.852.64$12,996
Jun 20231,1002268.962.26$75,906
May 20239097870.622.23$64,367
Apr 202378025078.122.24$61,493
Mar 20231,4453372.852.39$105,347
Feb 20231,6553875.112.47$124,401
Jan 20231,6506576.533.39$126,495
Dec 20221,690776.415.73$129,173
Nov 202293127785.005.65$80,699
Oct 202256147787.185.86$51,705
Sep 202273141784.888.16$65,452
Aug 20220994.529.13$82
Jul 2022367182101.587.54$38,653
Jun 2022347506115.097.98$43,973
May 2022377568109.378.43$46,022
Apr 2022530508104.226.84$58,710
Mar 2022193470108.885.08$23,400
Feb 202219422991.054.86$18,776
Jan 202218617381.844.54$16,007
Dec 202117430771.323.90$13,607
Nov 202174842377.435.24$60,133
Oct 202136832979.795.71$31,243
Sep 202135221469.865.35$25,736
Aug 202136427866.024.22$25,205
Jul 202135414470.783.98$25,630
Jun 20211846269.493.38$12,996
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 2021026861.302.72$728
Feb 2021019357.805.55$1,071
Jan 202155079950.412.81$29,971
Dec 202037594144.642.68$19,258
Nov 20205271,19238.772.71$23,658
Oct 202070975936.972.48$28,093
Sep 202037295237.091.99$15,693
Aug 202071861539.982.39$30,172
Jul 202054662738.371.83$22,094
Jun 202089489334.901.69$32,710
May 2020020716.921.81$376
Apr 20205362614.751.80$7,953
Mar 2020736030.341.86$22,330
Feb 2020182049.881.98$9,078
Jan 2020540057.252.09$30,915
Dec 2019725059.012.30$42,782
Nov 2019549055.302.75$30,360
Oct 2019746053.472.42$39,889
Sep 2019720055.052.66$39,636
Aug 2019543053.112.30$28,839
Jul 20198921056.272.46$50,217
Jun 201935780252.782.49$20,840
May 201989056958.482.74$53,606
Apr 20195431,08462.632.75$36,990
Mar 20199151,31256.803.06$55,989
Feb 20197461,37650.852.79$41,776
Jan 2019949046.033.23$43,682
Dec 2018741046.594.19$34,523
Nov 201855813952.934.24$30,124
Oct 201854342661.443.40$34,810
Sep 201873313459.543.11$44,059
Aug 201853317259.403.07$32,188
Jul 201854326865.142.93$36,157
Jun 201818210460.183.08$11,273
May 20186971,02665.382.90$48,546
Apr 20183531,66163.842.90$27,354
Mar 20185371,73461.222.79$37,708
Feb 20185211,66161.782.77$36,782
Jan 20183451,72462.874.01$28,602
Dec 20175222,23057.272.92$36,410
Nov 20175182,25455.423.12$35,736
Oct 20177122,78549.292.98$43,404
Sep 20177142,60247.523.09$41,962
Aug 20176862,66845.373.00$39,140
Jul 20177063,04543.873.09$40,373
Jun 20177053,06242.493.09$39,409
May 20177183,19745.373.26$43,009
Apr 20175333,05247.933.21$35,348
Mar 20178803,54746.772.98$51,741
Feb 20177113,22550.452.95$45,392
Jan 20179032,89249.413.42$54,504
Dec 20167233,45048.763.72$48,097
Nov 20161,0734,00342.492.64$56,177
Oct 20166963,65946.193.09$43,456
Sep 20168803,57741.553.10$47,655
Aug 20166853,95241.442.92$39,943
Jul 20161,0694,24741.622.92$56,911
Jun 20167063,80645.352.69$42,239
May 20161,0694,24742.521.99$53,910
Apr 20168984,41836.561.99$41,627
Mar 20169304,72533.011.79$39,176
Feb 20161,1164,56426.472.06$38,959
Jan 20161,1434,89327.352.36$42,830
Dec 20159375,38832.362.00$41,105
Nov 20151,1045,75638.792.17$55,299
Oct 20151,1155,77643.552.43$62,574
Sep 20151,0913,68642.992.76$57,070
Aug 20151,2695,29740.162.87$66,179
Jul 20151,4365,94848.152.95$86,661
Jun 20151,1154,81456.152.88$76,485
May 20151,2673,60055.212.96$80,591
Apr 20151,0994,21149.822.71$66,150
Mar 20151,4524,35342.892.93$75,051
Feb 20151,1173,56644.662.98$60,498
Jan 20151,3333,97543.433.10$70,217
Dec 20141,5103,19554.693.59$94,056
Nov 20141,1235,88670.464.25$104,153
Oct 20149447,09378.303.90$101,585
Sep 20141,6557,65286.164.05$173,551
Aug 20141,8519,64989.394.04$204,396
Jul 20141,8317,86996.564.18$209,691
Jun 20141,7752,05698.164.74$183,973
May 20149303,44294.734.73$104,368
Apr 20145423,61395.944.81$69,375
Mar 20142,4476,85995.895.06$269,327
Feb 20141,6786,27797.406.19$202,304
Jan 20141,2716,20890.404.86$145,074
Dec 20132,7826,99991.824.35$285,920
Nov 20131,4745,88588.853.74$152,965
Oct 20132,1717,87297.423.78$241,250
Sep 20132,3976,425104.113.72$273,438
Aug 20132,4026,006104.253.52$271,565
Jul 20131,4808,359102.523.72$182,806
Jun 20132,61811,65294.403.93$292,971
May 20133,68112,61194.834.15$401,393
Apr 20133,1509,98693.964.28$338,740
Mar 20132,6806,97293.623.91$278,182
Feb 20133,7969,34691.233.42$378,272
Jan 20135,47013,42291.603.42$546,954
Dec 20127,52314,69686.773.42$703,033
Nov 20127,4069,66286.953.62$678,976
Oct 20121,226089.383.40$109,580
Sep 20120094.672.92$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                1,757 bbl  × $106.41 =   $186,962
Casinghead gas     6,065 Mcf  × $  3.05 =    $18,473

────────────────────────────────────────────────────
Month total                                 $205,435

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/43385 is the state's own key, not one this site invented.