TOP GUN

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 48539District 08Field 85280300OilCasinghead gasSave
Value, all time
$263.4 M
Jan 2017 – May 2026
Value, last 12 filed months
$8.3 M
at the published price for each month
Months reported
113
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition3,905,778 bbl$222,384,093
Casinghead gasProduction11,902,969 Mcf$41,051,594
Total$263,435,687

Wells on this lease (11)

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 32.2354, -101.6821. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.23541, -101.68171 · 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 11 wells
With a plug date
0.0%
0 of 11 wells
Median depth
8,137 ft
11 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.
11100.0%

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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 11 of 11 wells. Median 8,137 ft, with the middle half between 7,670 and 8,214 ft; the shallowest is 7,564 ft and the deepest 8,359 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

10s

Last completion by decade, 11 of 11 wells, Jan 2017 – Jun 2019. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jan 2017 – Jun 2019
11 of 11 wells

11 wells

42-227395310849WA8,148 ftJun 2019
42-227395320848WA8,223 ftJun 2019
42-227395390850WA8,226 ftMay 2019
42-227395400851WA8,137 ftMay 2019
42-227395410866WB8,359 ftMay 2019
42-227395270829LS7,670 ftMay 2019
42-227395300836LS7,564 ftMay 2019
42-227395370830LS7,806 ftMay 2019
42-227395380831LS7,598 ftMay 2019
42-227388071652WA8,205 ftJan 2017
42-227388411632LS7,670 ftJan 2017

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 20265,15171,602106.413.05$766,206
Apr 20265,12263,13098.932.87$687,885
Mar 20263,01050,43389.753.15$428,983
Feb 20262,40923,25963.503.75$240,200
Jan 20264,29642,03959.138.00$590,247
Dec 20257,11783,96756.664.41$773,826
Nov 20258,48896,89758.593.93$877,772
Oct 20257,81097,34459.383.30$785,464
Sep 20257,97488,63462.743.08$773,008
Aug 20258,644107,18763.933.01$875,754
Jul 20258,30395,36966.743.32$870,310
Jun 20255,84479,24866.483.13$636,454
May 20255,28967,48360.553.23$538,376
Apr 20256,63972,02162.363.54$669,187
Mar 20256,31367,71367.704.27$716,411
Feb 20256,95764,71170.884.34$774,012
Jan 20259,02283,09174.324.28$1,026,035
Dec 20249,68287,20168.993.12$940,148
Nov 20249,01085,61769.052.20$810,364
Oct 202410,330106,56771.372.28$980,374
Sep 202410,23499,60969.612.36$947,900
Aug 20249,797102,17475.632.06$951,796
Jul 202411,294102,46079.932.15$1,122,669
Jun 202411,660100,08178.082.63$1,174,024
May 202413,02994,50678.812.20$1,234,581
Apr 202412,15289,78984.451.66$1,175,214
Mar 202411,16383,49780.301.55$1,025,403
Feb 202411,61385,63976.091.78$1,036,382
Jan 202411,66486,43873.023.30$1,136,748
Dec 202314,91899,57771.262.61$1,323,024
Nov 202314,30590,51577.892.81$1,368,343
Oct 202313,49792,27785.443.09$1,438,069
Sep 202314,09182,88289.042.74$1,481,348
Aug 202310,27858,89480.522.67$985,001
Jul 202310,45854,34374.852.64$926,345
Jun 20236,67539,64968.962.26$549,854
May 20237,05744,60270.622.23$597,712
Apr 20238,22044,81678.122.24$742,434
Mar 20237,94150,23372.852.39$698,717
Feb 202311,958104,38075.112.47$1,155,533
Jan 202317,278148,46676.533.39$1,825,247
Dec 202218,021146,05676.415.73$2,213,751
Nov 202215,820134,30685.005.65$2,103,019
Oct 202220,724164,56287.185.86$2,771,670
Sep 202222,956172,75684.888.16$3,358,830
Aug 202226,775192,72494.529.13$4,289,796
Jul 202224,065181,234101.587.54$3,811,404
Jun 202226,646163,156115.097.98$4,368,216
May 202227,979160,032109.378.43$4,409,619
Apr 202222,119129,243104.226.84$3,188,954
Mar 202226,497135,187108.885.08$3,571,257
Feb 202226,485131,47591.054.86$3,050,275
Jan 202234,178152,30081.844.54$3,488,216
Dec 202131,663139,74771.323.90$2,803,095
Nov 202132,267137,70177.435.24$3,219,553
Oct 202136,731142,36779.795.71$3,744,233
Sep 202137,548141,49869.865.35$3,380,248
Aug 202142,050140,46966.024.22$3,369,003
Jul 202138,456118,72570.783.98$3,194,688
Jun 202137,10998,30369.493.38$2,911,030
May 202128,36871,43563.483.02$2,016,368
Apr 202125,70946,35660.362.76$1,679,665
Mar 202130,15752,60661.302.72$1,991,551
Feb 202110,77337,05057.805.55$828,231
Jan 202131,510162,93350.412.81$2,046,305
Dec 202042,312211,29844.642.68$2,454,127
Nov 202047,914216,65438.772.71$2,444,015
Oct 202051,183233,76136.972.48$2,471,596
Sep 202055,640227,19937.091.99$2,516,050
Aug 202057,995213,51139.982.39$2,827,885
Jul 202066,114235,09738.371.83$2,965,874
Jun 202070,772210,51034.901.69$2,825,770
May 202069,225200,35816.921.81$1,534,887
Apr 202065,989170,23214.751.80$1,280,501
Mar 202071,294202,30730.341.86$2,538,588
Feb 202074,781210,83649.881.98$4,147,673
Jan 202097,767259,27757.252.09$6,140,279
Dec 2019102,026220,58659.012.30$6,528,864
Nov 2019122,907250,62955.302.75$7,486,162
Oct 2019145,878274,23753.472.42$8,463,350
Sep 2019164,869267,24755.052.66$9,786,189
Aug 2019203,379271,07253.112.30$11,426,106
Jul 2019230,163248,02656.272.46$13,561,431
Jun 2019265,304219,62552.782.49$14,549,875
May 201968,17851,04958.482.74$4,126,940
Apr 2019133062.632.75$8,330
Mar 20192,8886,15456.803.06$182,883
Feb 201913,43927,95250.852.79$761,421
Jan 201915,76132,59346.033.23$830,695
Dec 201818,32336,80446.594.19$1,007,710
Nov 201814,37926,29952.934.24$872,516
Oct 201816,11830,85161.443.40$1,095,124
Sep 201817,97932,37759.543.11$1,171,097
Aug 201816,78530,93759.403.07$1,091,899
Jul 201817,77034,81965.142.93$1,259,623
Jun 201817,64236,80860.183.08$1,174,951
May 201821,91844,32965.382.90$1,561,588
Apr 201822,08342,41363.842.90$1,532,810
Mar 201823,48243,68361.222.79$1,559,306
Feb 201822,67641,52461.782.77$1,515,784
Jan 201828,74746,18062.874.01$1,992,474
Dec 201728,73747,65857.272.92$1,785,002
Nov 201727,65442,12955.423.12$1,663,958
Oct 201729,60739,29749.292.98$1,576,579
Sep 201731,60245,17147.523.09$1,641,183
Aug 201738,15551,12345.373.00$1,884,686
Jul 201743,55651,54143.873.09$2,069,923
Jun 201738,10738,59542.493.09$1,738,320
May 201747,20145,19945.373.26$2,289,012
Apr 201752,80642,95947.933.21$2,668,959
Mar 201754,99446,70146.772.98$2,711,410
Feb 201765,24148,97950.452.95$3,436,024
Jan 201753,00755,82249.413.42$2,809,920

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                5,151 bbl  × $106.41 =   $548,118
Casinghead gas    71,602 Mcf  × $  3.05 =   $218,088

────────────────────────────────────────────────────
Month total                                 $766,206

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/48539 is the state's own key, not one this site invented.