WATSON, J. E. A

Operated by P1 ENERGY, LLC (P-5 631633) 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 45554District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$1.1 M
May 2014 – May 2026
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
145
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
OilDisposition13,024 bbl$848,512
Casinghead gasProduction60,976 Mcf$204,523
Total$1,053,035

Wells on this lease (1)

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 31.6799, -101.2578. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.67994, -101.25778 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,500 ft
1 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.
1100.0%

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

The one well that filed a depth was drilled to 8,500 ft.

Completions filed
May 2014
1 of 1 wells

1 well

42-4313109728,500 ftMay 2014

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 (145)

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

145 months

May 202600106.413.05$0
Apr 202601498.932.87$40
Mar 202601589.753.15$47
Feb 202601463.503.75$53
Jan 202601559.138.00$120
Dec 2025691456.664.41$3,971
Nov 20250458.593.93$16
Oct 20250859.383.30$26
Sep 202502462.743.08$74
Aug 202503163.933.01$93
Jul 202503666.743.32$119
Jun 202503766.483.13$116
May 202503960.553.23$126
Apr 202505762.363.54$202
Mar 202507767.704.27$329
Feb 202507570.884.34$326
Jan 202508374.324.28$355
Dec 202409068.993.12$281
Nov 202409769.052.20$213
Oct 2024011271.372.28$256
Sep 2024010169.612.36$239
Aug 2024010675.632.06$219
Jul 2024010579.932.15$225
Jun 2024011678.082.63$306
May 2024012778.812.20$279
Apr 2024012084.451.66$199
Mar 2024012380.301.55$190
Feb 2024011976.091.78$212
Jan 2024014473.023.30$475
Dec 2023014771.262.61$384
Nov 2023014777.892.81$413
Oct 2023015385.443.09$472
Sep 2023014089.042.74$383
Aug 2023015280.522.67$406
Jul 2023016674.852.64$439
Jun 2023015568.962.26$350
May 2023016670.622.23$370
Apr 2023016778.122.24$374
Mar 202318717472.852.39$14,039
Feb 2023016075.112.47$395
Jan 2023016676.533.39$562
Dec 2022020376.415.73$1,163
Nov 2022021785.005.65$1,225
Oct 202219319187.185.86$17,946
Sep 2022018484.888.16$1,502
Aug 2022020594.529.13$1,871
Jul 20220183101.587.54$1,380
Jun 2022115180115.097.98$14,671
May 20220173109.378.43$1,459
Apr 2022173504104.226.84$21,476
Mar 20220109108.885.08$553
Feb 2022017891.054.86$865
Jan 2022019281.844.54$871
Dec 2021019771.323.90$768
Nov 202117818677.435.24$14,757
Oct 2021018379.795.71$1,046
Sep 2021017069.865.35$910
Aug 2021019066.024.22$802
Jul 202117922970.783.98$13,582
Jun 2021051469.493.38$1,738
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 202107457.805.55$411
Jan 202118118350.412.81$9,638
Dec 2020017544.642.68$468
Nov 2020015138.772.71$409
Oct 2020012036.972.48$297
Sep 202016523837.091.99$6,594
Aug 2020020239.982.39$482
Jul 2020023938.371.83$436
Jun 202017918934.901.69$6,567
May 2020023516.921.81$426
Apr 2020041314.751.80$745
Mar 202018521330.341.86$6,008
Feb 2020019849.881.98$392
Jan 2020021457.252.09$448
Dec 201918220459.012.30$11,210
Nov 2019022655.302.75$622
Oct 201918023653.472.42$10,195
Sep 2019023255.052.66$616
Aug 2019021253.112.30$489
Jul 2019032256.272.46$792
Jun 201918253352.782.49$10,934
May 2019056658.482.74$1,551
Apr 201918555062.632.75$13,099
Mar 2019072256.803.06$2,211
Feb 201918183950.852.79$11,547
Jan 201901,06846.033.23$3,448
Dec 20181811,10846.594.19$13,070
Nov 201815191352.934.24$11,861
Oct 2018096961.443.40$3,293
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 2018085765.142.93$2,513
Jun 2018081360.183.08$2,502
May 201817991365.382.90$14,351
Apr 2018044463.842.90$1,288
Mar 201818072561.222.79$13,040
Feb 2018061161.782.77$1,690
Jan 2018079562.874.01$3,187
Dec 2017088757.272.92$2,591
Nov 201718480755.423.12$12,714
Oct 201717088449.292.98$11,017
Sep 2017082147.523.09$2,535
Aug 201717491545.373.00$10,643
Jul 2017095443.873.09$2,945
Jun 2017073342.493.09$2,263
May 201718397945.373.26$11,498
Apr 201718096447.933.21$11,723
Mar 2017093646.772.98$2,793
Feb 201717983850.452.95$11,505
Jan 201717794749.413.42$11,983
Dec 201601,19448.763.72$4,445
Nov 201617892542.492.64$10,009
Oct 20161761,18446.193.09$11,788
Sep 2016089841.553.10$2,784
Aug 20161722,36041.442.92$14,029
Jul 2016093941.622.92$2,746
Jun 201617095945.352.69$10,285
May 201601,00142.521.99$1,993
Apr 201617375436.561.99$7,826
Mar 201617245933.011.79$6,501
Feb 201618029226.472.06$5,367
Jan 201617322627.352.36$5,266
Dec 2015176432.362.00$5,703
Nov 20151744138.792.17$6,838
Oct 201518413743.552.43$8,346
Sep 2015170142.992.76$7,311
Aug 2015176140.162.87$7,071
Jul 201516910548.152.95$8,447
Jun 2015172056.152.88$9,658
May 20151713655.212.96$9,547
Apr 20151568149.822.71$7,991
Mar 201517026342.892.93$8,063
Feb 20151701,17544.662.98$11,089
Jan 20151651,19843.433.10$10,881
Dec 20145261,00954.693.59$32,391
Nov 20141601,40770.464.25$17,256
Oct 20145161,29878.303.90$45,466
Sep 20143461,58686.164.05$36,227
Aug 20146761,96189.394.04$68,341
Jul 20147002,08096.564.18$76,286
Jun 20141,8941,91298.164.74$194,972
May 201410713994.734.73$10,793

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.

Apr 2026 — as filed, then multipliedworked
Oil                    0 bbl  × $ 98.93 =         $0
Casinghead gas        14 Mcf  × $  2.87 =        $40

────────────────────────────────────────────────────
Month total                                      $40

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/45554 is the state's own key, not one this site invented.