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SALE RANCH 23H

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) 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 48970District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$23.4 M
Feb 2017 – May 2026
Value, last 12 filed months
$850 k
at the published price for each month
Months reported
112
no gaps in the span
Streams
2
oil, casinghead gas

The SPRABERRY (TREND AREA) 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 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
OilDisposition330,514 bbl$18,460,512
Casinghead gasProduction1,519,782 Mcf$4,949,659
Total$23,410,170

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 32.1883, -101.9226. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.18828, -101.92259 · 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
9,230 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 9,230 ft.

Completions filed
Jul 2017
1 of 1 wells

1 well

42-317405498H9,230 ftJul 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 (112)

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

112 months

May 202623117,427106.413.05$77,661
Apr 202628915,20798.932.87$72,231
Mar 202634214,23489.753.15$75,524
Feb 202635912,48363.503.75$69,612
Jan 202636914,02759.138.00$134,006
Dec 202547913,97356.664.41$88,808
Nov 202546412,93158.593.93$77,959
Oct 202548013,12859.383.30$71,888
Sep 20253329,72762.743.08$50,759
Aug 20255449,95063.933.01$64,775
Jul 20254203,76266.743.32$40,503
Jun 20251505,12866.483.13$26,016
May 20251938,44360.553.23$38,977
Apr 202520811,53262.363.54$53,830
Mar 202527713,76567.704.27$77,506
Feb 202528413,49470.884.34$78,705
Jan 202528514,33674.324.28$82,520
Dec 20241558,35968.993.12$36,785
Nov 202429613,10469.052.20$49,247
Oct 202426613,71171.372.28$50,265
Sep 202414510,52969.612.36$34,988
Aug 202416910,17475.632.06$33,777
Jul 202440116,44179.932.15$67,344
Jun 202438815,67078.082.63$71,570
May 202452817,04778.812.20$79,088
Apr 202459415,26484.451.66$75,489
Mar 202480716,13580.301.55$89,733
Feb 202469513,95476.091.78$77,771
Jan 20243277,99573.023.30$50,242
Dec 202368914,76971.262.61$87,656
Nov 202365514,49577.892.81$91,714
Oct 202373515,35885.443.09$110,213
Sep 202376715,53489.042.74$110,780
Aug 202351315,84580.522.67$83,659
Jul 202341112,41474.852.64$63,559
Jun 202363714,64568.962.26$77,003
May 202365612,82070.622.23$74,882
Apr 202383914,42978.122.24$97,831
Mar 202396514,63672.852.39$105,327
Feb 20231,00013,14175.112.47$107,512
Jan 20231,25712,04576.533.39$137,003
Dec 20227208,26676.415.73$102,372
Nov 20228059,52785.005.65$122,216
Oct 20227038,49487.185.86$111,094
Sep 20221,0059,84584.888.16$165,676
Aug 20227649,39494.529.13$157,954
Jul 202282410,986101.587.54$166,559
Jun 20221,28213,840115.097.98$257,950
May 20226078,253109.378.43$135,985
Apr 20226317,014104.226.84$113,722
Mar 20227537,736108.885.08$121,258
Feb 20227747,38291.054.86$106,341
Jan 20228088,83781.844.54$106,226
Dec 202181211,03271.323.90$100,927
Nov 20211,4879,87877.435.24$166,868
Oct 202189810,59979.795.71$132,213
Sep 202183811,81869.865.35$121,780
Aug 20215998,62966.024.22$75,965
Jul 20211,3458,00470.783.98$127,072
Jun 202153310,80369.493.38$73,559
May 20218219,20763.483.02$79,901
Apr 20211,01811,33060.362.76$92,699
Mar 20211,11411,87161.302.72$100,541
Feb 20216769,86957.805.55$93,826
Jan 20211,14513,06650.412.81$94,438
Dec 202070514,21044.642.68$69,489
Nov 20202,14414,55438.772.71$122,514
Oct 20204,61218,76236.972.48$217,006
Sep 20202,59511,63737.091.99$119,418
Aug 20201,13414,39739.982.39$79,676
Jul 20201,17214,60838.371.83$71,631
Jun 20201,33115,33534.901.69$72,373
May 20201,51114,83716.921.81$52,492
Apr 20201,83213,99914.751.80$52,282
Mar 20201,97712,48230.341.86$83,152
Feb 20202,27412,51949.881.98$138,223
Jan 20204,69025,77957.252.09$322,503
Dec 20192,15412,89159.012.30$156,813
Nov 20192,14812,30955.302.75$152,643
Oct 20192,3809,70753.472.42$150,735
Sep 20192,5187,13155.052.66$157,565
Aug 20192,76512,38153.112.30$175,379
Jul 20192,68713,78056.272.46$185,097
Jun 20193,32518,62052.782.49$221,880
May 20193,80017,95358.482.74$271,421
Apr 20193,38015,12062.632.75$253,280
Mar 20193,53315,61156.803.06$248,477
Feb 20193,82415,66150.852.79$238,179
Jan 20195,61423,18846.033.23$333,267
Dec 20185,30017,68446.594.19$320,942
Nov 20189,42322,88052.934.24$595,707
Oct 20183,6099,36961.443.40$253,574
Sep 20182,1026,70459.543.11$145,989
Aug 20185,64418,18759.403.07$391,025
Jul 20186,19317,88165.142.93$455,837
Jun 20187,22423,70260.183.08$507,669
May 20189,25029,61465.382.90$690,669
Apr 201810,80331,82063.842.90$781,967
Mar 20189,11122,30261.222.79$619,928
Feb 201810,65622,32761.782.77$720,087
Jan 201814,78426,69562.874.01$1,036,499
Dec 201717,58925,24257.272.92$1,081,067
Nov 201719,20327,66355.423.12$1,150,493
Oct 201727,16031,19749.292.98$1,431,798
Sep 201730,90029,85547.523.09$1,560,539
Aug 201723,36120,33945.373.00$1,120,995
Jul 201713,53411,10943.873.09$628,033
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$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                  231 bbl  × $106.41 =    $24,581
Casinghead gas    17,427 Mcf  × $  3.05 =    $53,080

────────────────────────────────────────────────────
Month total                                  $77,661

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/48970 is the state's own key, not one this site invented.