SOFTVEST UNIT 1

Operated by OWL OPS LLC (P-5 100332) 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 48168District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$3.8 M
Aug 2016 – May 2026
Value, last 12 filed months
$197 k
at the published price for each month
Months reported
118
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
OilDisposition53,521 bbl$3,037,529
Casinghead gasProduction244,511 Mcf$790,053
Total$3,827,581

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 32.2181, -101.5842. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.21807, -101.58421 · 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
10,220 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 10,220 ft.

Completions filed
Aug 2016
1 of 1 wells

1 well

42-22738564110,220 ftAug 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 (118)

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

118 months

May 202600106.413.05$0
Apr 2026741098.932.87$73,307
Mar 202601,10589.753.15$3,480
Feb 20261791,00963.503.75$15,151
Jan 202618273559.138.00$16,640
Dec 202517958456.664.41$12,720
Nov 2025089458.593.93$3,510
Oct 202538099759.383.30$25,859
Sep 20253461,01162.743.08$24,819
Aug 20251791,06563.933.01$14,654
Jul 202501,11866.743.32$3,706
Jun 202501,02266.483.13$3,198
May 20251801,08260.553.23$14,396
Apr 20253671,04362.363.54$26,582
Mar 20253661,14467.704.27$29,661
Feb 202501,09770.884.34$4,762
Jan 20251841,10674.324.28$18,407
Dec 20241801,14068.993.12$15,977
Nov 20241821,21669.052.20$15,240
Oct 20241701,23771.372.28$14,955
Sep 202435693369.612.36$26,987
Aug 20243441,09375.632.06$28,272
Jul 202401,25079.932.15$2,683
Jun 20243491,21178.082.63$30,440
May 202401,24678.812.20$2,739
Apr 20243561,18284.451.66$32,025
Mar 202401,23680.301.55$1,910
Feb 20243731,15676.091.78$30,443
Jan 202437275873.023.30$29,663
Dec 20231761,20871.262.61$15,696
Nov 20231841,16877.892.81$17,611
Oct 20231831,22385.443.09$19,411
Sep 20233651,26189.042.74$35,948
Aug 202301,21880.522.67$3,256
Jul 202317749574.852.64$14,556
Jun 20233581,16468.962.26$27,317
May 20231741,26670.622.23$15,108
Apr 20231801,22678.122.24$16,805
Mar 20233831,27772.852.39$30,958
Feb 20231891,10075.112.47$16,908
Jan 20231851,09676.533.39$17,871
Dec 20223521,21676.415.73$33,863
Nov 202201,22685.005.65$6,922
Oct 20223411,13687.185.86$36,390
Sep 202236494584.888.16$38,611
Aug 20223171,63294.529.13$44,858
Jul 20220560101.587.54$4,224
Jun 20223491,304115.097.98$50,569
May 20223551,246109.378.43$49,334
Apr 2022347590104.226.84$40,199
Mar 20221751,171108.885.08$24,998
Feb 20223591,19791.054.86$38,503
Jan 202238087681.844.54$35,074
Dec 2021086671.323.90$3,377
Nov 20213691,38877.435.24$35,840
Oct 20217311,44979.795.71$66,606
Sep 20213671,25769.865.35$32,365
Aug 20216711,01366.024.22$48,575
Jul 20213571,44670.783.98$31,027
Jun 202101,35069.493.38$4,564
May 202156792463.483.02$38,781
Apr 202136777860.362.76$24,298
Mar 202101,61861.302.72$4,396
Feb 20213761,48257.805.55$29,955
Jan 20215511,72950.412.81$32,635
Dec 20203571,86044.642.68$20,913
Nov 20203831,86038.772.71$19,883
Oct 202001,99236.972.48$4,937
Sep 2020372037.091.99$13,797
Aug 2020368039.982.39$14,713
Jul 2020363038.371.83$13,928
Jun 2020356034.901.69$12,424
May 2020309016.921.81$5,228
Apr 20205241,69214.751.80$10,782
Mar 20208421,57430.341.86$28,468
Feb 202001,80049.881.98$3,565
Jan 20203461,91257.252.09$23,814
Dec 20191,0981,98159.012.30$69,358
Nov 20193341,88655.302.75$23,658
Oct 201934490653.472.42$20,585
Sep 2019076255.052.66$2,025
Aug 20193541,91453.112.30$23,211
Jul 20196842,57756.272.46$44,828
Jun 20191822,58352.782.49$16,041
May 20193582,71558.482.74$28,376
Apr 20195342,65762.632.75$40,753
Mar 20191792,76556.803.06$18,634
Feb 20193502,48350.852.79$24,731
Jan 201936754346.033.23$18,646
Dec 201889330046.594.19$42,861
Nov 2018348052.934.24$18,420
Oct 201834829761.443.40$22,390
Sep 20183412,25659.543.11$27,315
Aug 201802,30859.403.07$7,078
Jul 20186752,84065.142.93$52,296
Jun 20186803,74060.183.08$52,430
May 20183444,14665.382.90$34,517
Apr 20186764,14563.842.90$55,180
Mar 20183314,55661.222.79$32,961
Feb 20181,0474,24361.782.77$76,420
Jan 20183445,17962.874.01$42,392
Dec 20176975,90957.272.92$57,180
Nov 20171,0156,65755.423.12$77,010
Oct 20178588,11049.292.98$66,488
Sep 20171,0429,80447.523.09$79,784
Aug 20171,20713,36445.373.00$94,912
Jul 20178423,93043.873.09$49,072
Jun 20177062,36642.493.09$37,302
May 20171,3784,06045.373.26$75,769
Apr 20176863,85747.933.21$45,267
Mar 20178674,61446.772.98$54,316
Feb 20171,3864,43650.452.95$83,021
Jan 20171,5544,87649.413.42$93,453
Dec 20161,4064,78148.763.72$86,355
Nov 20161,3962,93042.492.64$67,064
Oct 20162,4289,09646.193.09$140,258
Sep 20162,4077,54141.553.10$123,393
Aug 20162,4016,93741.442.92$119,784

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                  741 bbl  × $ 98.93 =    $73,307
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $73,307

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/48168 is the state's own key, not one this site invented.