TERRY, I. W.

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 45666District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$11.6 M
May 2014 – May 2026
Value, last 12 filed months
$411 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
OilDisposition162,762 bbl$10,046,827
Casinghead gasProduction465,291 Mcf$1,514,346
Total$11,561,173

Wells on this lease (14)

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 31.6719, -101.2450. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.9 miles.

31.67155, -101.24921 · 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 14 wells
With a plug date
0.0%
0 of 14 wells
Median depth
8,463 ft
14 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.
14100.0%

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

Total depth in feet, 14 of 14 wells. Median 8,463 ft, with the middle half between 8,363 and 8,505 ft; the shallowest is 7,500 ft and the deepest 9,800 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 14 of 14 wells, Feb 2003 – Aug 2014. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 2003 – Aug 2014
14 of 14 wells

14 wells

42-43133059217,500 ftAug 2014
42-4313084937,750 ftJul 2014
42-4313089987,930 ftJul 2014
42-43130994108,350 ftJul 2014
42-4313085949,500 ftJul 2014
42-43131054148,500 ftMay 2014
42-1733105258,627 ftMay 2014
42-4313073019,800 ftNov 2010
42-43130993118,400 ftSep 2010
42-43131117158,506 ftMar 2010
42-4313089398,475 ftJul 2009
42-4313077428,450 ftJan 2009
42-43131402178,400 ftDec 2008
42-43133058208,500 ftFeb 2003

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 202601,99398.932.87$5,719
Mar 20265212,06989.753.15$53,276
Feb 20263331,86763.503.75$28,147
Jan 20263272,07259.138.00$35,907
Dec 20256702,28956.664.41$48,064
Nov 20253351,22258.593.93$24,426
Oct 20258151,88959.383.30$54,638
Sep 202502,23162.743.08$6,865
Aug 20251,0502,22763.933.01$73,840
Jul 20256912,39266.743.32$54,047
Jun 20253101,70166.483.13$25,931
May 20256371,87960.553.23$44,644
Apr 20251561,80062.363.54$16,106
Mar 20254921,97267.704.27$41,726
Feb 20253181,82170.884.34$30,445
Jan 20254942,04274.324.28$45,451
Dec 20244742,08268.993.12$39,200
Nov 20244682,55569.052.20$37,932
Oct 20246172,81671.372.28$50,460
Sep 20243052,49669.612.36$27,132
Aug 20243042,38675.632.06$27,915
Jul 20248482,51079.932.15$73,169
Jun 20244772,74978.082.63$44,485
May 20243242,88978.812.20$31,886
Apr 20241,0092,79784.451.66$89,851
Mar 20244932,76180.301.55$43,854
Feb 20245032,64276.091.78$42,986
Jan 20245062,87573.023.30$46,429
Dec 20239832,85071.262.61$77,489
Nov 20238372,75477.892.81$72,926
Oct 20235252,33985.443.09$52,077
Sep 20235022,76889.042.74$52,269
Aug 20233352,73480.522.67$34,282
Jul 20238372,90674.852.64$70,327
Jun 20235242,48268.962.26$41,741
May 20233632,58370.622.23$31,388
Apr 20238752,52778.122.24$74,010
Mar 20238482,52372.852.39$67,815
Feb 20233542,30875.112.47$32,280
Jan 20231,0812,51476.533.39$91,246
Dec 20221503,28376.415.73$30,270
Nov 20226873,16885.005.65$76,282
Oct 20226933,25587.185.86$79,502
Sep 20229943,34184.888.16$111,646
Aug 20223403,42594.529.13$63,397
Jul 20226463,656101.587.54$93,195
Jun 20226752,355115.097.98$96,472
May 20221,0062,251109.378.43$129,009
Apr 20223302,185104.226.84$49,333
Mar 20228342,054108.885.08$101,233
Feb 20226731,83991.054.86$70,212
Jan 20226522,08981.844.54$62,839
Dec 20216162,03771.323.90$51,876
Nov 20216672,40077.435.24$64,214
Oct 20218312,22179.795.71$78,996
Sep 20218462,15569.865.35$70,633
Aug 20218292,28266.024.22$64,362
Jul 20214882,27070.783.98$43,580
Jun 20219982,20869.493.38$76,815
May 20218292,30463.483.02$59,578
Apr 20211,0092,33860.362.76$67,352
Mar 20219922,47361.302.72$67,529
Feb 20213723,07357.805.55$38,550
Jan 20218393,84450.412.81$53,097
Dec 20205173,53744.642.68$32,542
Nov 20208933,58338.772.71$44,319
Oct 20208433,04836.972.48$38,720
Sep 20208323,92937.091.99$38,682
Aug 20206603,35539.982.39$34,389
Jul 20208363,91138.371.83$39,215
Jun 20201,7863,77634.901.69$68,714
May 20202873,91816.921.81$11,966
Apr 202004,20414.751.80$7,586
Mar 20209463,15930.341.86$34,565
Feb 20206722,86149.881.98$39,186
Jan 20207783,16257.252.09$51,164
Dec 20197023,11159.012.30$48,594
Nov 20196822,99355.302.75$45,947
Oct 20199723,19953.472.42$59,710
Sep 20194863,06855.052.66$34,907
Aug 20197003,10953.112.30$44,341
Jul 20198252,91856.272.46$53,601
Jun 20198543,01152.782.49$52,575
May 20199643,40758.482.74$65,711
Apr 20195283,30662.632.75$42,162
Mar 20196543,04156.803.06$46,459
Feb 20196292,49650.852.79$38,954
Jan 20198683,03446.033.23$49,748
Dec 20188403,24446.594.19$52,713
Nov 20187582,52252.934.24$50,807
Oct 20189472,90361.443.40$68,048
Sep 20187683,58359.543.11$56,863
Aug 20189042,94059.403.07$62,713
Jul 20189463,77465.142.93$72,687
Jun 20186103,35660.183.08$47,036
May 20181,4654,42465.382.90$108,615
Apr 20187951,70563.842.90$55,699
Mar 20187993,02261.222.79$57,337
Feb 20181,0523,97861.782.77$75,996
Jan 20188883,45162.874.01$69,665
Dec 20179313,79957.272.92$64,417
Nov 20171,1283,43955.423.12$73,238
Oct 20171,1353,96649.292.98$67,777
Sep 20179213,56947.523.09$54,784
Aug 20178773,56645.373.00$50,503
Jul 20171,3033,51243.873.09$68,005
Jun 20179693,81742.493.09$52,957
May 20171,5004,48645.373.26$82,695
Apr 20178932,52747.933.21$50,917
Mar 20171,3662,38946.772.98$71,016
Feb 20178102,10350.452.95$47,074
Jan 20171,2053,55449.413.42$71,689
Dec 20161,0642,67448.763.72$61,835
Nov 20161,1682,38042.492.64$55,922
Oct 20161,3502,89746.193.09$71,309
Sep 20161,1162,89941.553.10$55,359
Aug 20161,6073,04541.442.92$75,499
Jul 20161,5333,69441.622.92$74,606
Jun 20161,5373,55245.352.69$79,243
May 20161,8313,63742.521.99$85,096
Apr 20161,6803,87336.561.99$69,132
Mar 20161,3764,07833.011.79$52,738
Feb 20161,6173,11126.472.06$49,222
Jan 20161,5823,54327.352.36$51,645
Dec 20151,6805,08032.362.00$64,532
Nov 20151,8155,32038.792.17$81,934
Oct 20151,7255,59943.552.43$88,710
Sep 20151,6536,14642.992.76$88,016
Aug 20152,3876,95840.162.87$115,849
Jul 20152,4055,35848.152.95$131,580
Jun 20152,1444,31256.152.88$132,816
May 20152,4545,97255.212.96$153,135
Apr 20152,5496,27049.822.71$143,961
Mar 20153,0476,18842.892.93$148,846
Feb 20152,8176,48344.662.98$145,102
Jan 20153,5205,60443.433.10$170,250
Dec 20143,6855,16154.693.59$220,068
Nov 20144,4745,98070.464.25$340,664
Oct 20145,5644,67278.303.90$453,886
Sep 20147,4809,16086.164.05$681,533
Aug 20148,8258,15789.394.04$821,781
Jul 20143,8254,29496.564.18$387,289
Jun 20142,8613,55098.164.74$297,652
May 20141306194.734.73$12,603

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     1,993 Mcf  × $  2.87 =     $5,719

────────────────────────────────────────────────────
Month total                                   $5,719

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/45666 is the state's own key, not one this site invented.