BANKS, OLGA

Operated by DIAMONDBACK E&P LLC (P-5 217012) 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 48374District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$2.9 M
Jan 2017 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
113
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
OilDisposition43,329 bbl$2,713,099
Casinghead gasProduction50,553 Mcf$194,662
Total$2,907,762

Wells on this lease (3)

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 31.9597, -102.1524. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.95976, -102.15055 · 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
66.7%
2 of 3 wells
With a plug date
66.7%
2 of 3 wells
Median depth
11,206 ft
3 wells filed one
Completion to plug
15.0 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
266.7%
A plug date is filed
266.7%
BothOn the schedule and plugged. Neither fact cancels the other.
266.7%
NeitherNo plug date, and not on the schedule.
133.3%

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

Between 11,000 and 11,250 ft, median 11,206 ft, over the 3 wells that filed a depth.

Completions filed
Dec 1997 – Apr 2010
3 of 3 wells
Plug dates filed
Jun 2023 – Mar 2026
2 of 3 wells; 1 filed none

Last completion to plug: a median of 15.0 years across the 2 wells that filed both dates, with the middle half between 14.6 years and 15.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-32936190311,250 ftApr 2010Mar 2026Yes
42-32936118211,206 ftMay 2009Jun 2023Yes
42-32933627111,000 ftDec 1997

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 (113)

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

113 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 2025180462.363.54$11,239
Mar 2025032367.704.27$1,379
Feb 202518764370.884.34$16,046
Jan 202519183674.324.28$17,772
Dec 202417961168.993.12$14,256
Nov 202436645769.052.20$26,277
Oct 202418453671.372.28$14,355
Sep 202436268269.612.36$26,811
Aug 202436464175.632.06$28,852
Jul 202418259479.932.15$15,822
Jun 202435853978.082.63$29,372
May 202434681878.812.20$29,067
Apr 202435978084.451.66$31,612
Mar 202435976380.301.55$30,007
Feb 202435575676.091.78$28,360
Jan 202437490473.023.30$30,291
Dec 20231721,04871.262.61$14,993
Nov 20233561,03977.892.81$30,646
Oct 202336294785.443.09$33,853
Sep 202317295389.042.74$17,921
Aug 20233651,01780.522.67$32,108
Jul 202335674374.852.64$28,609
Jun 202318245968.962.26$13,587
May 202335761170.622.23$26,572
Apr 202317644278.122.24$14,738
Mar 20233691,18272.852.39$29,710
Feb 20231811,04275.112.47$16,164
Jan 202318698376.533.39$17,565
Dec 20221831,07176.415.73$20,119
Nov 20223751,74185.005.65$41,705
Oct 20223651,55387.185.86$40,927
Sep 20221741,31784.888.16$25,521
Aug 20223391,27294.529.13$43,652
Jul 2022350931101.587.54$42,575
Jun 2022337453115.097.98$42,399
May 2022352867109.378.43$45,810
Apr 20225231,243104.226.84$63,006
Mar 20223541,085108.885.08$44,051
Feb 202235677791.054.86$36,189
Jan 202254495881.844.54$48,868
Dec 202116863271.323.90$14,446
Nov 202117566677.435.24$17,038
Oct 202134170079.795.71$31,208
Sep 202133753869.865.35$26,422
Aug 202133751466.024.22$24,418
Jul 202116864670.783.98$14,463
Jun 202117065969.493.38$14,041
May 202134180363.483.02$24,070
Apr 202117275360.362.76$12,459
Mar 202134345161.302.72$22,251
Feb 202117842857.805.55$12,663
Jan 202134349750.412.81$18,687
Dec 202051055844.642.68$24,259
Nov 202034252038.772.71$14,667
Oct 202033839436.972.48$13,472
Sep 2020507037.091.99$18,805
Aug 2020354039.982.39$14,153
Jul 202050612638.371.83$19,645
Jun 20200534.901.69$8
May 20200016.921.81$0
Apr 202002414.751.80$43
Mar 20201756130.341.86$5,423
Feb 2020042749.881.98$846
Jan 202086948057.252.09$50,756
Dec 201986693359.012.30$53,253
Nov 201950824755.302.75$28,772
Oct 201973573853.472.42$41,085
Sep 20197421,28755.052.66$44,267
Aug 20198871,09953.112.30$49,641
Jul 201972191756.272.46$42,827
Jun 201955485852.782.49$31,378
May 201985695458.482.74$52,673
Apr 2019890062.632.75$55,741
Mar 2019558056.803.06$31,694
Feb 20190050.852.79$0
Jan 2019171046.033.23$7,871
Dec 2018187046.594.19$8,712
Nov 2018178052.934.24$9,422
Oct 2018743061.443.40$45,650
Sep 2018719059.543.11$42,809
Aug 2018707059.403.07$41,996
Jul 2018712065.142.93$46,380
Jun 2018890060.183.08$53,560
May 2018882065.382.90$57,665
Apr 2018695063.842.90$44,369
Mar 20181,066061.222.79$65,261
Feb 2018692061.782.77$42,752
Jan 2018890062.874.01$55,954
Dec 20171,149057.272.92$65,803
Nov 2017694055.423.12$38,461
Oct 2017858049.292.98$42,291
Sep 20175021747.523.09$23,908
Aug 20171,130045.373.00$51,268
Jul 2017926043.873.09$40,624
Jun 2017499042.493.09$21,203
May 20171,033045.373.26$46,867
Apr 2017337047.933.21$16,152
Mar 2017512046.772.98$23,946
Feb 2017523050.452.95$26,385
Jan 2017811049.413.42$40,072

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 2025 — as filed, then multipliedworked
Oil                  180 bbl  × $ 62.36 =    $11,225
Casinghead gas         4 Mcf  × $  3.54 =        $14

────────────────────────────────────────────────────
Month total                                  $11,239

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/48374 is the state's own key, not one this site invented.