MINOTAUR UNIT A 09-16

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 50475District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$7.1 M
Jan 2018 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
101
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
OilDisposition121,720 bbl$6,872,375
Casinghead gasProduction74,082 Mcf$265,420
Total$7,137,795

Every month this lease reported (101)

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

101 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 202501567.704.27$64
Feb 202585318670.884.34$61,268
Jan 20251,19927474.324.28$90,282
Dec 20241,02731368.993.12$71,830
Nov 202485232169.052.20$59,536
Oct 202450624171.372.28$36,663
Sep 20241549869.612.36$10,952
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20243078.812.20$236
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20243585573.023.30$26,323
Dec 20233447071.262.61$24,696
Nov 202350917177.892.81$40,126
Oct 20231699085.443.09$14,717
Sep 202365218189.042.74$58,549
Aug 202383526480.522.67$67,940
Jul 20231,38425474.852.64$104,263
Jun 202367723768.962.26$47,221
May 20236763470.622.23$47,815
Apr 2023169678.122.24$13,216
Mar 20230072.852.39$0
Feb 202387522375.112.47$66,271
Jan 20231,61567476.533.39$125,879
Dec 20221,37459076.415.73$108,368
Nov 20221,54539685.005.65$133,561
Oct 20224828487.185.86$42,513
Sep 202285920384.888.16$74,569
Aug 20225269094.529.13$50,539
Jul 202200101.587.54$0
Jun 20221,7161,787115.097.98$211,750
May 20222,2322,261109.378.43$263,181
Apr 20222,1042,500104.226.84$236,373
Mar 20222,2972,696108.885.08$263,783
Feb 20222,1111,51091.054.86$199,543
Jan 20221,39379681.844.54$117,615
Dec 20211,9551,67671.323.90$145,966
Nov 20212,7602,26077.435.24$225,542
Oct 20212,1921,67679.795.71$184,476
Sep 20212,7652,53669.865.35$206,733
Aug 20212,5591,68366.024.22$176,048
Jul 20212,9232,82470.783.98$218,135
Jun 20212,5402,09269.493.38$183,577
May 20213,5462,91863.483.02$233,906
Apr 20213,9673,32460.362.76$248,617
Mar 20214,1382,37061.302.72$260,099
Feb 20211,7341,34057.805.55$107,659
Jan 20214,9463,52250.412.81$259,226
Dec 20205,6383,19844.642.68$260,236
Nov 20201,25039638.772.71$49,534
Oct 20204,3382,65636.972.48$166,959
Sep 20205,3923,14037.091.99$206,241
Aug 20206,3453,56639.982.39$262,178
Jul 20207,8014,26438.371.83$307,107
Jun 20207,5953,85534.901.69$271,582
May 20208,2403,74116.921.81$146,210
Apr 20205,4272,25614.751.80$84,119
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 2018159065.382.90$10,395
Apr 2018187063.842.90$11,938
Mar 20181,38662761.222.79$86,598
Feb 20182,4411,54261.782.77$155,070
Jan 20180062.874.01$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.

Mar 2025 — as filed, then multipliedworked
Oil                    0 bbl  × $ 67.70 =         $0
Casinghead gas        15 Mcf  × $  4.27 =        $64

────────────────────────────────────────────────────
Month total                                      $64

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/50475 is the state's own key, not one this site invented.