MR. PHILLIPS 11-2

Operated by CRESCENT ENERGY OPERATING, LLC (P-5 103575) 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 48840District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$28.7 M
Jan 2017 – May 2026
Value, last 12 filed months
$1.0 M
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
OilDisposition494,722 bbl$26,514,976
Casinghead gasProduction659,143 Mcf$2,192,809
Total$28,707,785

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 32.4832, -101.4786. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48321, -101.47862 · 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
7,124 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 7,124 ft.

Completions filed
Jan 2017
1 of 1 wells

1 well

42-227389231SH7,124 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 20267439,429106.413.05$107,782
Apr 20268258,97098.932.87$107,359
Mar 20267759,79989.753.15$100,418
Feb 20261,55611,72763.503.75$142,786
Jan 202678210,14059.138.00$127,339
Dec 20259857,94756.664.41$90,883
Nov 20251,1507,86358.593.93$98,252
Oct 20259005,88959.383.30$72,904
Sep 20252911,52462.743.08$22,947
Aug 20255702,29763.933.01$43,365
Jul 20255851,84266.743.32$45,150
Jun 20255952,41766.483.13$47,118
May 20256222,63460.553.23$46,176
Apr 20256362,45062.363.54$48,342
Mar 20256962,57667.704.27$58,114
Feb 20256332,13470.884.34$54,130
Jan 20257383,51074.324.28$69,866
Dec 20248182,92168.993.12$65,551
Nov 20248423,29969.052.20$65,393
Oct 20248391,73871.372.28$63,845
Sep 20243691,74669.612.36$29,814
Aug 20241,3747,65375.632.06$119,709
Jul 20248564,26179.932.15$77,567
Jun 20247644,51778.082.63$71,551
May 20248884,12178.812.20$79,043
Apr 20249224,34884.451.66$85,077
Mar 20247585,47980.301.55$69,333
Feb 202442161676.091.78$33,133
Jan 20241,2424,00773.023.30$103,905
Dec 20231,2873,72571.262.61$101,437
Nov 20231,1063,02577.892.81$94,639
Oct 20235961,21685.443.09$54,676
Sep 202333089.042.74$2,938
Aug 20238681,18580.522.67$73,059
Jul 20231,2563,18074.852.64$102,413
Jun 20231,4063,37668.962.26$104,582
May 202343473270.622.23$32,280
Apr 20231,18464278.122.24$93,931
Mar 20231,0481,78772.852.39$80,623
Feb 20231,1102,65175.112.47$89,909
Jan 20231,4212,79576.533.39$118,218
Dec 20221,3483,54776.415.73$123,322
Nov 20222,1751,48185.005.65$193,237
Oct 20221,00854987.185.86$91,097
Sep 202253084.888.16$4,499
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 2022220115.097.98$2,532
May 20227201,574109.378.43$92,020
Apr 20221,4544,037104.226.84$179,139
Mar 20223,0108,502108.885.08$370,888
Feb 20223,0647,14891.054.86$313,708
Jan 20223,3959,36781.844.54$320,351
Dec 20213,4009,82771.323.90$280,805
Nov 20213,0478,06177.435.24$278,143
Oct 20213,6199,68279.795.71$344,082
Sep 20214,08910,63369.865.35$342,554
Aug 20214,10010,24166.024.22$313,905
Jul 20213,8458,30970.783.98$305,236
Jun 20215,5847,41169.493.38$413,086
May 20215,8853,70263.483.02$384,751
Apr 20215,9956,93260.362.76$380,980
Mar 20217,0365,82961.302.72$447,144
Feb 20215,5245,28157.805.55$348,586
Jan 20217,64712,24150.412.81$419,886
Dec 20207,89911,16544.642.68$382,483
Nov 20208,22710,66438.772.71$347,824
Oct 202010,36110,37536.972.48$408,760
Sep 20209,4966,73637.091.99$365,618
Aug 20209,9404,86339.982.39$409,000
Jul 20208,8836,87838.371.83$353,394
Jun 20209,7845,90534.901.69$351,443
May 20203,5893,40616.921.81$66,907
Apr 20208,2737,41014.751.80$135,397
Mar 20208,6132,35630.341.86$265,692
Feb 20208,5661,77349.881.98$430,784
Jan 202010,4575,53857.252.09$610,264
Dec 201911,4525,38259.012.30$688,185
Nov 201912,3416,88055.302.75$701,382
Oct 201913,8095,49553.472.42$751,657
Sep 20193,4295,16655.052.66$202,494
Aug 201961157553.112.30$33,775
Jul 201993462056.272.46$54,081
Jun 201990182652.782.49$49,613
May 2019456858.482.74$2,818
Apr 20197502462.632.75$47,039
Mar 20190056.803.06$0
Feb 2019029350.852.79$818
Jan 20195,6626,74846.033.23$282,406
Dec 20185,4109,32546.594.19$291,081
Nov 20186,4618,94852.934.24$379,896
Oct 20186,8149,44461.443.40$450,744
Sep 20186,9369,40959.543.11$442,213
Aug 20185,6337,37059.403.07$357,201
Jul 20186,6569,83865.142.93$462,416
Jun 20185,1108,66960.183.08$334,194
May 20186,63913,32165.382.90$472,699
Apr 20187,45613,20663.842.90$514,299
Mar 20188,03811,70661.222.79$524,709
Feb 20187,90011,47161.782.77$519,792
Jan 20189,76614,65362.874.01$672,737
Dec 201710,35015,51057.272.92$638,057
Nov 201710,26813,43255.423.12$610,938
Oct 201711,73918,15649.292.98$632,787
Sep 201713,22817,53847.523.09$682,739
Aug 201715,67319,79145.373.00$770,544
Jul 201719,02520,97943.873.09$899,395
Jun 201724,45320,70942.493.09$1,102,942
May 201721,583045.373.26$979,221
Apr 201715,021047.933.21$719,957
Mar 20175,565046.772.98$260,275
Feb 201732050.452.95$1,614
Jan 20170049.413.42$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.

May 2026 — as filed, then multipliedworked
Oil                  743 bbl  × $106.41 =    $79,063
Casinghead gas     9,429 Mcf  × $  3.05 =    $28,719

────────────────────────────────────────────────────
Month total                                 $107,782

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/48840 is the state's own key, not one this site invented.