PHILLIPS 5B

Operated by OVINTIV USA INC. (P-5 628658) 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 50153District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$46.5 M
Aug 2017 – May 2026
Value, last 12 filed months
$3.2 M
at the published price for each month
Months reported
106
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
OilDisposition714,675 bbl$43,666,629
Casinghead gasProduction898,235 Mcf$2,828,497
Total$46,495,126

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 32.3244, -101.4881. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

32.32436, -101.48817 · 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
7,610 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 7,120 and 7,615 ft, median 7,610 ft, over the 3 wells that filed a depth.

Completions filed
Aug 2017 – Sep 2017
3 of 3 wells

3 wells

42-227391144HF7,120 ftSep 2017
42-227391155HK7,615 ftAug 2017
42-227391123HK7,610 ftAug 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 (106)

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

106 months

May 20262,4466,960106.413.05$281,478
Apr 20261,1932,97298.932.87$126,552
Mar 20261,8015,45889.753.15$178,829
Feb 20261,6604,44063.503.75$122,061
Jan 20263,0998,04559.138.00$247,587
Dec 20253,5759,93156.664.41$246,389
Nov 20254,3413,88458.593.93$269,589
Oct 20254,2028,73659.383.30$278,386
Sep 20254,6722,65362.743.08$301,284
Aug 20255,1099,89763.933.01$356,455
Jul 20255,58910,58366.743.32$408,095
Jun 20255,20710,18666.483.13$378,031
May 20253,0715,16860.553.23$202,654
Apr 20251,4485,02662.363.54$108,105
Mar 20252,3634,65167.704.27$179,827
Feb 20252,2506,53870.884.34$187,860
Jan 20252,0162,99674.324.28$162,648
Dec 20241,2321,39968.993.12$89,362
Nov 20242,5271,49569.052.20$177,776
Oct 20243,5562,64571.372.28$259,826
Sep 20243,5486,48069.612.36$262,297
Aug 20241,6145,05975.632.06$132,507
Jul 20244,26610,72879.932.15$364,010
Jun 20244,68810,00778.082.63$392,397
May 20245,2038,75878.812.20$429,302
Apr 20242,6324,17484.451.66$229,198
Mar 20244,8207,45480.301.55$398,563
Feb 20244,2144,49876.091.78$328,666
Jan 20242,6141,68173.023.30$196,418
Dec 202354645671.262.61$40,098
Nov 202340873177.892.81$33,831
Oct 20238362,49785.443.09$79,137
Sep 20238352,80389.042.74$82,015
Aug 20233,3544,84980.522.67$283,025
Jul 20235,5818,33974.852.64$439,768
Jun 20235,6747,33668.962.26$407,847
May 20235,0095,07370.622.23$365,035
Apr 20232,0242,97378.122.24$164,768
Mar 20231,6412,58272.852.39$125,726
Feb 20232,3402,60875.112.47$182,188
Jan 20232,5562,16776.533.39$202,952
Dec 20226,1042,87276.415.73$482,861
Nov 20226,6841,32885.005.65$575,638
Oct 202248462987.185.86$45,883
Sep 202233453884.888.16$32,742
Aug 202225948794.529.13$28,926
Jul 20221,4401,067101.587.54$154,323
Jun 20223,1601,810115.097.98$378,123
May 20223,3201,659109.378.43$377,099
Apr 20222,2311,091104.226.84$239,975
Mar 2022516238108.885.08$57,390
Feb 20221,7783,54491.054.86$179,107
Jan 20222,1312,45981.844.54$185,559
Dec 20212,1282,32771.323.90$160,842
Nov 20211,6372,30977.435.24$138,845
Oct 20212,0892,25479.795.71$179,560
Sep 20212,4952,93969.865.35$190,027
Aug 20211,6812,98366.024.22$123,570
Jul 20211,0784,75670.783.98$95,240
Jun 20211,5041,47869.493.38$109,510
May 202199834763.483.02$64,400
Apr 202148733860.362.76$30,328
Mar 20211,9951,30761.302.72$125,845
Feb 20211,45299957.805.55$89,468
Jan 20211,55286950.412.81$80,678
Dec 202048753844.642.68$23,179
Nov 202077537538.772.71$31,062
Oct 202047229736.972.48$18,186
Sep 202026921237.091.99$10,399
Aug 202012629839.982.39$5,748
Jul 202041480338.371.83$17,351
Jun 20200034.901.69$0
May 20206016.921.81$102
Apr 202031572214.751.80$5,949
Mar 20201,6023,18430.341.86$54,515
Feb 20201,0292,19849.881.98$55,680
Jan 20201,5673,59457.252.09$97,239
Dec 20192,5396,23859.012.30$164,201
Nov 20192,8367,10755.302.75$176,380
Oct 20194,0129,08153.472.42$236,484
Sep 20193,5036,90155.052.66$211,178
Aug 20193,7317,34753.112.30$215,084
Jul 20195,68812,16856.272.46$349,998
Jun 20197,79516,93152.782.49$453,599
May 201910,33018,75258.482.74$655,485
Apr 201910,85017,74362.632.75$728,341
Mar 201911,19917,41456.803.06$689,427
Feb 20199,05113,84450.852.79$498,899
Jan 201911,53116,75146.033.23$584,847
Dec 201812,95618,51846.594.19$681,126
Nov 201811,40316,36652.934.24$672,907
Oct 201814,87420,75861.443.40$984,396
Sep 201815,45021,14259.543.11$985,602
Aug 201815,16820,94059.403.07$965,193
Jul 201819,27029,46065.142.93$1,341,621
Jun 201822,68735,46260.183.08$1,474,417
May 201827,03535,24965.382.90$1,869,799
Apr 201821,75923,75463.842.90$1,458,000
Mar 201820,54427,59261.222.79$1,334,598
Feb 201828,07433,16161.782.77$1,826,139
Jan 201838,05240,89662.874.01$2,556,294
Dec 201750,63349,98257.272.92$3,045,775
Nov 201757,90745,10455.423.12$3,349,856
Oct 201765,43541,59249.292.98$3,349,388
Sep 201730,00120,21747.523.09$1,488,063
Aug 20173045.373.00$136

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                2,446 bbl  × $106.41 =   $260,279
Casinghead gas     6,960 Mcf  × $  3.05 =    $21,199

────────────────────────────────────────────────────
Month total                                 $281,478

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/50153 is the state's own key, not one this site invented.