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THE KING 45-04

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 49275District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$66.8 M
May 2017 – May 2026
Value, last 12 filed months
$6.1 M
at the published price for each month
Months reported
109
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
OilDisposition951,033 bbl$61,434,358
Casinghead gasProduction1,538,002 Mcf$5,348,080
Total$66,782,438

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 32.4596, -101.5145. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

32.45958, -101.51443 · 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 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
7,326 ft
3 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.
3100.0%

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

Between 6,636 and 7,670 ft, median 7,326 ft, over the 3 wells that filed a depth.

Completions filed
Sep 2017 – Jan 2023
3 of 3 wells

3 wells

42-227416801MS6,636 ftJan 2023——
42-227391681SH7,326 ftDec 2017——
42-227388701AH7,670 ftSep 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 (109)

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

109 months

May 20264,71025,915106.413.05$580,124
Apr 20264,11426,25298.932.87$482,334
Mar 20264,46228,92989.753.15$491,575
Feb 20266,33225,73663.503.75$498,600
Jan 20265,65424,46559.138.00$529,990
Dec 20255,67126,90056.664.41$440,038
Nov 20255,61426,91658.593.93$434,608
Oct 20256,76526,38959.383.30$488,917
Sep 20253,77921,17062.743.08$302,233
Aug 20258,10419,09863.933.01$575,665
Jul 20257,76021,83266.743.32$590,280
Jun 20259,49231,45566.483.13$729,442
May 202510,40232,79860.553.23$735,855
Apr 20259,01225,28662.363.54$651,580
Mar 20258,17518,41867.704.27$632,061
Feb 20257,68717,46370.884.34$620,659
Jan 20259,91525,30574.324.28$845,155
Dec 20246,46220,18368.993.12$508,812
Nov 20242,3287,21669.052.20$176,612
Oct 20246,90924,18571.372.28$548,271
Sep 20249,25828,81769.612.36$712,583
Aug 20248,64328,24775.632.06$711,961
Jul 20246,72220,48479.932.15$581,260
Jun 20249,73426,91978.082.63$830,935
May 202410,48920,91978.812.20$872,627
Apr 202411,77725,45084.451.66$1,036,794
Mar 202414,82027,53680.301.55$1,232,593
Feb 202414,02625,57276.091.78$1,112,850
Jan 202416,19227,02473.023.30$1,271,456
Dec 202315,72730,08271.262.61$1,199,242
Nov 202312,32125,30977.892.81$1,030,739
Oct 202312,78327,16585.443.09$1,176,045
Sep 202315,77228,58089.042.74$1,482,506
Aug 202315,11325,55180.522.67$1,285,194
Jul 202317,08527,06474.852.64$1,350,310
Jun 202315,40717,48068.962.26$1,101,945
May 202320,81718,64270.622.23$1,511,620
Apr 202320,74611,83278.122.24$1,647,155
Mar 202312,6807,72672.852.39$942,228
Feb 20232471,37075.112.47$21,930
Jan 2023017176.533.39$579
Dec 20220076.415.73$0
Nov 20223382085.005.65$28,843
Oct 20224,11412,89787.185.86$434,283
Sep 20225,38516,40284.888.16$590,979
Aug 20222,54510,13494.529.13$333,048
Jul 20224,24514,116101.587.54$537,671
Jun 20225,00916,013115.097.98$704,225
May 20225,63016,889109.378.43$758,179
Apr 20225,27714,209104.226.84$647,124
Mar 20224,00011,504108.885.08$493,919
Feb 20223,8317,80591.054.86$386,736
Jan 20224,36011,47681.844.54$408,897
Dec 20213,29714,49971.323.90$291,675
Nov 20214,35916,38577.435.24$423,323
Oct 20215,06817,10179.795.71$502,089
Sep 20216,20114,92969.865.35$513,086
Aug 20215,7585,87866.024.22$404,952
Jul 20216,9704,51570.783.98$511,316
Jun 20217,0344,93869.493.38$505,486
May 20217,0217,83163.483.02$469,324
Apr 20215,0676,87260.362.76$324,800
Mar 20218,5464,95861.302.72$537,340
Feb 20214,1022,80757.805.55$252,669
Jan 20218,7403,47950.412.81$450,360
Dec 20208,92181644.642.68$400,417
Nov 20208,7064,80138.772.71$350,526
Oct 202010,1645,40836.972.48$389,166
Sep 202010,6276,30337.091.99$406,705
Aug 202011,2156,90139.982.39$464,835
Jul 202012,33510,76238.371.83$492,936
Jun 20206,6442,90334.901.69$236,783
May 20204,21692216.921.81$73,008
Apr 20206,8052,19414.751.80$104,333
Mar 20206,2601,97630.341.86$193,596
Feb 20202,51359949.881.98$126,535
Jan 202089057.252.09$5,095
Dec 201946116759.012.30$27,588
Nov 20198,3592,64755.302.75$469,534
Oct 20199,365053.472.42$500,747
Sep 20199,5592,19355.052.66$532,050
Aug 201911,0726,13053.112.30$602,160
Jul 20195,9292,06056.272.46$338,693
Jun 20191,22443952.782.49$65,696
May 20190058.482.74$0
Apr 2019213062.632.75$13,340
Mar 20198,3169,38056.803.06$501,071
Feb 20199,21914,63550.852.79$509,650
Jan 201910,21212,81546.033.23$511,427
Dec 201812,07420,10946.594.19$646,693
Nov 201812,05919,92952.934.24$722,727
Oct 201813,10521,32461.443.40$877,632
Sep 201811,96817,11259.543.11$765,759
Aug 201814,83722,89859.403.07$951,536
Jul 201815,24324,73465.142.93$1,065,446
Jun 201819,04325,07260.183.08$1,223,152
May 201826,93632,84565.382.90$1,856,352
Apr 201820,31923,50363.842.90$1,365,342
Mar 201818,80214,68961.222.79$1,191,994
Feb 201825,32612,69061.782.77$1,599,742
Jan 201820,37711,63262.874.01$1,327,738
Dec 201710057.272.92$573
Nov 20171,6961,13455.423.12$97,529
Oct 201737,51324,59049.292.98$1,922,384
Sep 201718,1268,18247.523.09$886,608
Aug 201710,572045.373.00$479,652
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$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                4,710 bbl  × $106.41 =   $501,191
Casinghead gas    25,915 Mcf  × $  3.05 =    $78,933

────────────────────────────────────────────────────
Month total                                 $580,124

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/49275 is the state's own key, not one this site invented.