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PRESTON 36M

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 47887District 08Field 85280301Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$21.8 M
May 2016 – May 2026
Value, last 12 filed months
$205 k
at the published price for each month
Months reported
121
no gaps in the span
Streams
2
oil, casinghead gas

The SPRABERRY (TREND AREA) R 40 EXC field

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 581 leases and 1,079 wells, and the rule below applies to all of them.

Discovered
2013-12-18
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 2016-03-08.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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
OilDisposition277,361 bbl$14,916,041
Casinghead gasProduction2,111,065 Mcf$6,867,529
Total$21,783,570

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 31.6933, -101.8424. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.69326, -101.84241 · 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
9,320 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 9,320 ft.

Completions filed
May 2016
1 of 1 wells

1 well

42-3294037713H9,320 ftMay 2016——

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

May 2026287106.413.05$478
Apr 20260098.932.87$0
Mar 20265319689.753.15$5,374
Feb 20262041,11463.503.75$17,132
Jan 20263830459.138.00$4,678
Dec 20252056.664.41$113
Nov 20253856958.593.93$4,461
Oct 20252231,12359.383.30$16,953
Sep 20253661,95262.743.08$28,969
Aug 20251442,10763.933.01$15,558
Jul 20251738,48266.743.32$39,666
Jun 202523017,96166.483.13$71,485
May 202538721,74860.553.23$93,729
Apr 202542521,38562.363.54$102,273
Mar 202550218,98467.704.27$115,015
Feb 202539514,86970.884.34$92,542
Jan 202530621,16574.324.28$113,300
Dec 202434419,86568.993.12$85,739
Nov 202440423,40169.052.20$79,342
Oct 20242808,68871.372.28$39,804
Sep 202427811,31769.612.36$46,109
Aug 202437018,37875.632.06$65,908
Jul 202439517,85379.932.15$69,895
Jun 202445618,68978.082.63$84,831
May 202433415,09178.812.20$59,499
Apr 202446916,23384.451.66$66,541
Mar 202454017,08680.301.55$69,762
Feb 202481815,68576.091.78$90,218
Jan 202436116,17173.023.30$79,687
Dec 202357420,19571.262.61$93,627
Nov 202367517,32977.892.81$101,228
Oct 202349213,38085.443.09$83,344
Sep 202371918,76889.042.74$115,351
Aug 202393219,89380.522.67$128,216
Jul 202389116,64974.852.64$110,675
Jun 20238568,85568.962.26$79,029
May 202396220,25470.622.23$113,050
Apr 20231,08221,40078.122.24$132,414
Mar 20231,99819,24772.852.39$191,615
Feb 20231,81319,47675.112.47$184,196
Jan 202388122,53276.533.39$143,755
Dec 202265019,50676.415.73$161,418
Nov 202276119,47585.005.65$174,645
Oct 202296018,59087.185.86$192,700
Sep 20221,08619,24184.888.16$249,257
Aug 20221,12519,30494.529.13$282,526
Jul 202278917,430101.587.54$211,605
Jun 202288714,759115.097.98$219,820
May 202298614,200109.378.43$227,588
Apr 20221,05313,973104.226.84$205,285
Mar 20222,36315,367108.885.08$335,292
Feb 20222,11910,90491.054.86$245,916
Jan 20221,87710,40381.844.54$200,819
Dec 20213,1809,49071.323.90$263,800
Nov 20212,8835,12677.435.24$250,075
Oct 20212,0241,86079.795.71$172,123
Sep 20216474,15269.865.35$67,416
Aug 202188310,63666.024.22$103,186
Jul 20211,25313,66770.783.98$143,110
Jun 20211,33213,30969.493.38$137,553
May 20211,28014,62863.483.02$125,397
Apr 20211,15712,11660.362.76$103,258
Mar 20211,77214,78961.302.72$148,804
Feb 20218838,68057.805.55$99,194
Jan 20211,01713,80250.412.81$90,054
Dec 202087613,75744.642.68$75,911
Nov 202095713,84638.772.71$74,578
Oct 20201,22516,13436.972.48$85,275
Sep 202025314,46937.091.99$38,192
Aug 202043214,06539.982.39$50,818
Jul 202021418,72038.371.83$42,377
Jun 202016018,69534.901.69$37,184
May 20201,11316,43516.921.81$48,657
Apr 20201,46616,41314.751.80$51,239
Mar 20201,67016,73130.341.86$81,724
Feb 20201,51215,67649.881.98$106,468
Jan 20201,42017,38257.252.09$117,706
Dec 20191,59618,26159.012.30$136,260
Nov 20191,56718,91155.302.75$138,674
Oct 20191,80718,87853.472.42$142,277
Sep 20191,87116,38255.052.66$146,530
Aug 20191,98816,19653.112.30$142,904
Jul 20191,88616,98856.272.46$147,917
Jun 20191,82517,11752.782.49$138,965
May 20191,85418,85258.482.74$160,082
Apr 20191,86418,83462.632.75$168,549
Mar 20192,00319,92556.803.06$174,783
Feb 20191,82417,47250.852.79$141,536
Jan 20191,77521,76946.033.23$151,978
Dec 20181,68727,76946.594.19$194,823
Nov 20182,16123,96752.934.24$215,936
Oct 20181,94821,55961.443.40$192,944
Sep 20181,75521,78959.543.11$172,213
Aug 20182,08022,24059.403.07$191,752
Jul 20183,17022,64265.142.93$272,877
Jun 20183,09421,57460.183.08$252,578
May 20183,54623,79665.382.90$300,865
Apr 20182,77523,49863.842.90$245,319
Mar 20182,61126,37861.222.79$233,357
Feb 20182,34126,17561.782.77$217,030
Jan 20183,00925,35162.874.01$290,816
Dec 20173,66725,99657.272.92$285,957
Nov 20173,71025,92055.423.12$286,436
Oct 20174,05531,90449.292.98$295,062
Sep 20174,25036,93147.523.09$315,976
Aug 20174,83138,11645.373.00$333,698
Jul 20175,85318,78843.873.09$314,775
Jun 20172,6773,19042.493.09$123,594
May 20171,0536,53145.373.26$69,088
Apr 20175,88935,24147.933.21$395,440
Mar 20175,95745,25646.772.98$413,638
Feb 20176,98423,07150.452.95$420,462
Jan 20178,94427,50049.413.42$535,940
Dec 20169,23134,23548.763.72$577,555
Nov 20169,17528,11142.492.64$464,181
Oct 20169,67733,72646.193.09$551,203
Sep 201610,82430,99341.553.10$545,835
Aug 201614,60932,85041.442.92$701,462
Jul 201614,78526,29141.622.92$692,236
Jun 201621,59427,53945.352.69$1,053,253
May 201612,88216,34242.521.99$580,280

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                    2 bbl  × $106.41 =       $213
Casinghead gas        87 Mcf  × $  3.05 =       $265

────────────────────────────────────────────────────
Month total                                     $478

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/47887 is the state's own key, not one this site invented.