READ, H. N. -D-

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 45067District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$7.6 M
Feb 2014 – May 2026
Value, last 12 filed months
$462 k
at the published price for each month
Months reported
148
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
OilDisposition110,526 bbl$7,027,445
Casinghead gasProduction170,246 Mcf$540,501
Total$7,567,946

Wells on this lease (3)

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 32.3768, -101.2704. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.37662, -101.27160 · 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
33.3%
1 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
8,982 ft
3 wells filed one
Completion to plug
7.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
133.3%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
NeitherNo plug date, and not on the schedule.
266.7%

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 8,935 and 9,023 ft, median 8,982 ft, over the 3 wells that filed a depth.

Completions filed
Feb 2014 – Dec 2014
3 of 3 wells
Plug dates filed
Apr 2021
1 of 3 wells; 2 filed none

Last completion to plug: a median of 7.2 years across the 1 well that filed both dates, with the middle half between 7.2 years and 7.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-2273803349,023 ftDec 2014
42-2273803438,982 ftSep 2014
42-2273779928,935 ftFeb 2014Apr 2021Yes

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 (148)

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

148 months

May 2026318901106.413.05$36,583
Apr 2026088498.932.87$2,537
Mar 202619290289.753.15$20,073
Feb 20261921,03463.503.75$16,070
Jan 20263921,79059.138.00$37,495
Dec 20253742,19556.664.41$30,878
Nov 20253852,07858.593.93$30,716
Oct 20255682,23059.383.30$41,098
Sep 20253682,33462.743.08$30,270
Aug 20257372,67463.933.01$55,178
Jul 20257423,07066.743.32$59,699
Jun 20251,4651,16166.483.13$101,026
May 2025927060.553.23$56,130
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202402773.023.30$89
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023181074.852.64$13,548
Jun 2023373068.962.26$25,722
May 2023738070.622.23$52,118
Apr 2023364078.122.24$28,436
Mar 2023556072.852.39$40,505
Feb 20233762875.112.47$28,310
Jan 20233083476.533.39$23,686
Dec 202203876.415.73$218
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 202234213894.529.13$33,585
Jul 2022522326101.587.54$55,483
Jun 202235474115.097.98$41,332
May 20225400109.378.43$59,060
Apr 20227240104.226.84$75,455
Mar 20221,26810108.885.08$138,111
Feb 202235820091.054.86$33,568
Jan 202203581.844.54$159
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 2021168070.783.98$11,891
Jun 2021352069.493.38$24,460
May 20213561,13063.483.02$26,009
Apr 20215362,91160.362.76$40,383
Mar 20217173,34461.302.72$53,038
Feb 20211,2122,11757.805.55$81,799
Jan 202101,83550.412.81$5,157
Dec 20202044.642.68$89
Nov 202014038.772.71$543
Oct 2020131036.972.48$4,843
Sep 20208938037.091.99$4,058
Aug 20202651,14939.982.39$13,335
Jul 20201861,06338.371.83$9,077
Jun 20201721,15834.901.69$7,960
May 202030791716.921.81$6,859
Apr 20206471,34714.751.80$11,974
Mar 20206351,98730.341.86$22,954
Feb 202051273449.881.98$26,992
Jan 20209961,86957.252.09$60,936
Dec 20194561,73959.012.30$30,916
Nov 20197921,59855.302.75$48,193
Oct 20193181,44353.472.42$20,493
Sep 20195661,99855.052.66$36,468
Aug 20194122,01953.112.30$26,534
Jul 20197102,07056.272.46$45,044
Jun 20194761,92052.782.49$29,906
May 20195762,13258.482.74$39,527
Apr 20196832,08762.632.75$48,517
Mar 20198112,07756.803.06$52,425
Feb 20196031,88450.852.79$35,923
Jan 201969674946.033.23$34,455
Dec 2018539046.594.19$25,112
Nov 20186011,50352.934.24$38,180
Oct 20185301,78461.443.40$38,625
Sep 20185511,82359.543.11$38,472
Aug 20187531,02159.403.07$47,859
Jul 20186251,28665.142.93$44,483
Jun 20187431,81760.183.08$50,305
May 20183642,05565.382.90$29,759
Apr 20187191,33463.842.90$49,771
Mar 20188891,85261.222.79$59,586
Feb 20185081,40761.782.77$35,276
Jan 20187521,75262.874.01$54,303
Dec 20177292,08957.272.92$47,853
Nov 2017587055.423.12$32,532
Oct 20176031,51449.292.98$34,239
Sep 20177791,41847.523.09$41,396
Aug 20177711,34045.373.00$39,006
Jul 20176751,42143.873.09$33,999
Jun 20178031,34342.493.09$38,266
May 20178751,32545.373.26$44,023
Apr 20178781,67447.933.21$47,459
Mar 20176731,28746.772.98$35,316
Feb 20176601,23250.452.95$36,935
Jan 20176961,37149.413.42$39,077
Dec 20168711,32348.763.72$47,395
Nov 20168221,51342.492.64$38,928
Oct 20161,0841,54046.193.09$54,829
Sep 201667652341.553.10$29,709
Aug 201670788241.442.92$31,877
Jul 201691781041.622.92$40,534
Jun 20168691,06645.352.69$42,272
May 20161,09310242.521.99$46,677
Apr 20161,07236836.561.99$39,925
Mar 20161,0971,20233.011.79$38,368
Feb 20169181,12626.472.06$26,623
Jan 20161,0602,13327.352.36$34,034
Dec 20151,2262,72332.362.00$45,123
Nov 20151,1392,18338.792.17$48,913
Oct 20151,0472,39143.552.43$51,399
Sep 20159991,15342.992.76$46,127
Aug 201597547040.162.87$40,506
Jul 20151,3952,17448.152.95$73,572
Jun 20151,5113,70956.152.88$95,535
May 20152,4544,09555.212.96$147,588
Apr 20151,7501,61349.822.71$91,551
Mar 20152,3884,15342.892.93$114,609
Feb 20152,9025,83844.662.98$146,978
Jan 20152,9463,76243.433.10$139,609
Dec 20142,7783,16854.693.59$163,306
Nov 20144,3424,47370.464.25$324,956
Oct 20144,5971,47878.303.90$365,711
Sep 20142,79494786.164.05$244,562
Aug 20142,2202,30589.394.04$207,747
Jul 20142,5862,06396.564.18$258,327
Jun 20143,7152,45898.164.74$376,308
May 20144,3152,25594.734.73$419,418
Apr 20143,2852,72095.944.81$328,244
Mar 20143,6131,97295.895.06$356,423
Feb 201408797.406.19$539

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                  318 bbl  × $106.41 =    $33,838
Casinghead gas       901 Mcf  × $  3.05 =     $2,744

────────────────────────────────────────────────────
Month total                                  $36,583

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/45067 is the state's own key, not one this site invented.