DRAGON UNIT B 20-29

Operated by SURGE OPERATING, LLC (P-5 760725) 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 49244District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$83.4 M
Mar 2017 – May 2026
Value, last 12 filed months
$4.6 M
at the published price for each month
Months reported
111
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
OilDisposition1,264,063 bbl$76,604,300
Casinghead gasProduction1,928,357 Mcf$6,756,418
Total$83,360,719

Every month this lease reported (111)

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

111 months

May 202600106.413.05$0
Apr 20264,90917,68198.932.87$536,387
Mar 20265,37018,32689.753.15$539,674
Feb 20264,86616,29063.503.75$370,084
Jan 20265,60318,26259.138.00$477,363
Dec 20255,48817,51856.664.41$388,263
Nov 20255,89716,76758.593.93$411,340
Oct 20254,30115,84659.383.30$307,762
Sep 20255,23216,29162.743.08$378,382
Aug 20255,62916,80863.933.01$410,534
Jul 20255,07015,15166.743.32$388,600
Jun 20255,19214,33966.483.13$390,027
May 20255,13614,39260.553.23$357,504
Apr 20254,0949,98762.363.54$290,687
Mar 20255,30012,43067.704.27$411,865
Feb 20254,4809,72370.884.34$359,748
Jan 20254,10010,21274.324.28$348,406
Dec 20244,74410,61768.993.12$360,428
Nov 20243,1488,20369.052.20$235,403
Oct 20245,38213,37671.372.28$414,629
Sep 20244,95611,00669.612.36$371,009
Aug 20245,75512,01275.632.06$460,039
Jul 20245,2169,91079.932.15$438,188
Jun 20245,29011,58378.082.63$443,553
May 20245,11011,54078.812.20$428,089
Apr 20244,7629,90184.451.66$418,579
Mar 20245,27010,84880.301.55$439,943
Feb 20244,7529,67276.091.78$378,831
Jan 20244,8078,92273.023.30$380,429
Dec 20234,2057,55771.262.61$319,378
Nov 20232,2643,58177.892.81$186,397
Oct 20232,0515,36585.443.09$191,801
Sep 20233,22910,33889.042.74$315,785
Aug 20235,90120,13080.522.67$528,954
Jul 20236,23618,97274.852.64$516,885
Jun 20236,31019,10468.962.26$478,284
May 20237,02619,54370.622.23$539,706
Apr 20236,83519,48178.122.24$577,544
Mar 20236,60819,16072.852.39$527,246
Feb 20234,72911,97975.112.47$384,732
Jan 20237,23319,62076.533.39$620,009
Dec 20226,62418,52176.415.73$612,248
Nov 20226,95118,80385.005.65$697,001
Oct 20226,49418,27087.185.86$673,278
Sep 20227,30420,12584.888.16$784,258
Aug 20227,82121,21894.529.13$932,901
Jul 20227,81420,544101.587.54$948,691
Jun 20226,98019,554115.097.98$959,314
May 20228,62523,453109.378.43$1,141,096
Apr 20229,15622,897104.226.84$1,110,799
Mar 20229,45523,547108.885.08$1,148,994
Feb 20227,90518,70691.054.86$810,640
Jan 202210,16024,49081.844.54$942,622
Dec 202110,54624,38371.323.90$847,213
Nov 20219,56819,82577.435.24$844,671
Oct 20219,80021,84779.795.71$906,773
Sep 202110,48521,53569.865.35$847,714
Aug 202110,55721,11066.024.22$786,070
Jul 202111,14720,71670.783.98$871,477
Jun 202110,72117,46469.493.38$804,041
May 20218,49512,90663.483.02$578,209
Apr 20214,6026,74460.362.76$296,380
Mar 202111,34321,29261.302.72$753,175
Feb 20215,27111,06057.805.55$366,024
Jan 202112,79825,63650.412.81$717,191
Dec 202012,83721,85444.642.68$631,513
Nov 202011,39419,03738.772.71$493,270
Oct 202013,73623,73436.972.48$566,643
Sep 202015,56727,48737.091.99$632,108
Aug 202014,24818,94839.982.39$614,828
Jul 202015,36222,20538.371.83$629,967
Jun 20209,40512,77934.901.69$349,835
May 202063016.921.81$1,066
Apr 202012,67623,39314.751.80$229,181
Mar 202016,00630,19930.341.86$541,678
Feb 202016,74921,71949.881.98$878,458
Jan 202016,37124,76957.252.09$989,124
Dec 201912,42720,99659.012.30$781,700
Nov 201917,98331,19155.302.75$1,080,257
Oct 201917,94029,70953.472.42$1,031,104
Sep 201919,16130,13655.052.66$1,134,893
Aug 201920,69532,14353.112.30$1,173,180
Jul 201921,87331,80456.272.46$1,309,033
Jun 201922,61131,35752.782.49$1,271,525
May 201924,53931,46058.482.74$1,521,251
Apr 201926,26232,31562.632.75$1,733,678
Mar 201928,48732,02356.803.06$1,716,119
Feb 201928,96532,29950.852.79$1,563,056
Jan 201935,79336,17646.033.23$1,764,334
Dec 201841,06136,42746.594.19$2,065,495
Nov 201839,64226,54452.934.24$2,210,724
Oct 201846,96233,30661.443.40$2,998,522
Sep 201851,75828,49959.543.11$3,170,246
Aug 201828,55415,29959.403.07$1,743,023
Jul 2018137065.142.93$8,924
Jun 201816060.183.08$963
May 201816,98113,51865.382.90$1,149,431
Apr 201825,55117,51163.842.90$1,681,972
Mar 201825,64321,93061.222.79$1,630,980
Feb 201828,23722,09161.782.77$1,805,588
Jan 201830,65617,71562.874.01$1,998,368
Dec 201729,44414,77757.272.92$1,729,429
Nov 201718,64910,49955.423.12$1,066,267
Oct 20171,01264649.292.98$51,809
Sep 20175,7832,80247.523.09$283,459
Aug 20174,3162,18945.373.00$202,394
Jul 20176,1742,97143.873.09$280,026
Jun 20178,5336,67142.493.09$383,162
May 20177,48713,90345.373.26$385,056
Apr 20173,2056,23747.933.21$173,646
Mar 20174046.772.98$187

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                4,909 bbl  × $ 98.93 =   $485,647
Casinghead gas    17,681 Mcf  × $  2.87 =    $50,740

────────────────────────────────────────────────────
Month total                                 $536,387

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/49244 is the state's own key, not one this site invented.