SPENCER TRUST 20

Operated by SM ENERGY COMPANY (P-5 788997) 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 46860District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$368 k
Jun 2014 – Jun 2024
Value, last 12 filed months
$0
at the published price for each month
Months reported
121
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
OilDisposition5,957 bbl$336,931
Casinghead gasProduction11,004 Mcf$30,986
Total$367,917

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 32.4600, -101.3774. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45996, -101.37744 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,870 ft
1 wells filed one
Completion to plug
2.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 7,870 ft.

Completions filed
Oct 2021
1 of 1 wells
Plug dates filed
Apr 2024
1 of 1 wells

Last completion to plug: a median of 2.5 years across the 1 well that filed both dates, with the middle half between 2.5 years and 2.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2273784847,870 ftOct 2021Apr 2024Yes

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 (121)

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

121 months

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 20240073.023.30$0
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 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
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 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20211642360.362.76$9,962
Mar 202108961.302.72$242
Feb 202105857.805.55$322
Jan 202107850.412.81$219
Dec 202009844.642.68$262
Nov 20201509938.772.71$6,083
Oct 2020010236.972.48$253
Sep 2020010137.091.99$201
Aug 2020010139.982.39$241
Jul 202010010138.371.83$4,021
Jun 2020014434.901.69$243
May 202014316116.921.81$2,712
Apr 2020013114.751.80$236
Mar 20201148930.341.86$3,624
Feb 2020535849.881.98$2,759
Jan 202007557.252.09$157
Dec 2019458259.012.30$2,844
Nov 20193211355.302.75$2,080
Oct 20194114753.472.42$2,548
Sep 20192623355.052.66$14,511
Aug 20190053.112.30$0
Jul 201904456.272.46$108
Jun 201918910252.782.49$10,230
May 2019010558.482.74$288
Apr 201928162.632.75$348
Mar 201909056.803.06$276
Feb 201907850.852.79$218
Jan 2019021346.033.23$688
Dec 201818622546.594.19$9,607
Nov 2018021852.934.24$924
Oct 2018022861.443.40$775
Sep 2018010459.543.11$323
Aug 201818911059.403.07$11,564
Jul 2018110465.142.93$370
Jun 201809460.183.08$289
May 201818210065.382.90$12,189
Apr 201809463.842.90$273
Mar 201808661.222.79$240
Feb 201818718461.782.77$12,062
Jan 2018015162.874.01$605
Dec 2017023657.272.92$689
Nov 2017023055.423.12$717
Oct 2017024849.292.98$740
Sep 201718712347.523.09$9,266
Aug 2017011445.373.00$343
Jul 2017010243.873.09$315
Jun 201708942.493.09$275
May 20171908345.373.26$8,891
Apr 2017011747.933.21$376
Mar 2017011646.772.98$346
Feb 2017022350.452.95$658
Jan 201719124949.413.42$10,289
Dec 2016012448.763.72$462
Nov 2016014142.492.64$373
Oct 2016012146.193.09$374
Sep 201618613841.553.10$8,156
Aug 2016014841.442.92$433
Jul 201618814041.622.92$8,234
Jun 2016016245.352.69$435
May 2016016842.521.99$334
Apr 2016016536.561.99$329
Mar 201619017433.011.79$6,584
Feb 201619016126.472.06$5,362
Jan 201618017927.352.36$5,346
Dec 2015019432.362.00$388
Nov 2015023838.792.17$516
Oct 201519026143.552.43$8,908
Sep 201517822942.992.76$8,284
Aug 2015024140.162.87$692
Jul 2015025148.152.95$739
Jun 201537825556.152.88$21,960
May 2015027355.212.96$807
Apr 2015027949.822.71$755
Mar 2015024942.892.93$731
Feb 2015030044.662.98$893
Jan 201518618943.433.10$8,664
Dec 20140054.693.59$0
Nov 2014190070.464.25$13,387
Oct 2014183078.303.90$14,329
Sep 2014185086.164.05$15,940
Aug 2014365089.394.04$32,627
Jul 2014560096.564.18$54,074
Jun 20140098.164.74$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.

Apr 2021 — as filed, then multipliedworked
Oil                  164 bbl  × $ 60.36 =     $9,899
Casinghead gas        23 Mcf  × $  2.76 =        $63

────────────────────────────────────────────────────
Month total                                   $9,962

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/46860 is the state's own key, not one this site invented.