PEELER C

Operated by DIAMONDBACK E&P LLC (P-5 217012) 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 50512District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$67.4 M
Mar 2018 – May 2026
Value, last 12 filed months
$3.2 M
at the published price for each month
Months reported
99
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
OilDisposition941,245 bbl$56,934,997
Casinghead gasProduction3,111,946 Mcf$10,466,803
Total$67,401,799

Wells on this lease (4)

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 32.3743, -101.9659. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

32.37435, -101.96578 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
9,200 ft
4 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.
4100.0%

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 8,562 and 9,467 ft, median 9,200 ft, over the 4 wells that filed a depth.

Completions filed
Mar 2018 – Apr 2018
4 of 4 wells

4 wells

42-3174098014JM8,562 ftApr 2018
42-3174097914DN9,094 ftApr 2018
42-3174096813BU9,467 ftMar 2018
42-3174097014WA9,306 ftMar 2018

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 (99)

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

99 months

May 20262,58025,021106.413.05$350,748
Apr 20261,88726,21398.932.87$261,905
Mar 20262,73026,83989.753.15$329,545
Feb 20262,74023,40263.503.75$261,755
Jan 20262,50418,95859.138.00$299,686
Dec 20252,81721,30556.664.41$253,638
Nov 20253,06733,42058.593.93$310,917
Oct 20254,43338,75459.383.30$391,307
Sep 20252,42922,62962.743.08$222,023
Aug 20252,44719,88363.933.01$216,379
Jul 20251,41413,42566.743.32$138,877
Jun 20252,33218,11366.483.13$211,702
May 20252,25613,26060.553.23$179,461
Apr 20251,64014,49662.363.54$153,631
Mar 20252,16915,77367.704.27$214,166
Feb 20251,49715,47970.884.34$173,299
Jan 20251,49217,97574.324.28$187,795
Dec 20241,59019,62168.993.12$170,939
Nov 20241,60517,58069.052.20$149,474
Oct 20241,92519,24471.372.28$181,291
Sep 20242,00920,21269.612.36$187,635
Aug 20242,82327,42475.632.06$270,096
Jul 20242,82426,34579.932.15$282,274
Jun 20243,11529,20178.082.63$320,134
May 20244,73530,32978.812.20$439,842
Apr 20243,56623,39684.451.66$339,967
Mar 20243,94525,25580.301.55$355,806
Feb 20243,16923,93676.091.78$283,822
Jan 20243,49224,01273.023.30$334,169
Dec 20233,32819,48471.262.61$288,021
Nov 20233,19622,68077.892.81$312,612
Oct 20233,46826,38485.443.09$377,761
Sep 20233,28225,12389.042.74$360,942
Aug 20233,48023,66580.522.67$343,463
Jul 20233,56023,39474.852.64$328,268
Jun 20233,78524,03968.962.26$315,305
May 20233,73224,75970.622.23$318,702
Apr 20233,42626,53878.122.24$327,025
Mar 20234,30527,99172.852.39$380,606
Feb 20233,74123,93875.112.47$340,010
Jan 20234,24029,21076.533.39$423,443
Dec 20224,24429,90276.415.73$495,595
Nov 20223,79130,98185.005.65$497,160
Oct 20223,68727,98187.185.86$485,507
Sep 20223,69824,85984.888.16$516,827
Aug 20223,35023,54194.529.13$531,504
Jul 20224,15529,562101.587.54$645,024
Jun 20224,16230,086115.097.98$719,007
May 20224,82534,727109.378.43$820,564
Apr 20222,55322,567104.226.84$420,378
Mar 20223,48828,885108.885.08$526,405
Feb 20224,06831,11691.054.86$521,579
Jan 20224,83639,65481.844.54$575,715
Dec 20215,28137,75971.323.90$523,868
Nov 20214,74235,98577.435.24$555,621
Oct 20215,32433,89979.795.71$618,496
Sep 20215,80232,66469.865.35$580,110
Aug 20216,24035,88166.024.22$563,404
Jul 20215,39434,15370.783.98$517,787
Jun 20218,21335,99769.493.38$692,414
May 20218,50237,64363.483.02$653,301
Apr 20217,99633,03960.362.76$573,774
Mar 20218,40136,70761.302.72$614,712
Feb 20213,86215,58457.805.55$309,683
Jan 20217,04231,10150.412.81$442,389
Dec 20206,19929,87844.642.68$356,661
Nov 20206,52231,14838.772.71$337,162
Oct 20206,49531,76636.972.48$318,850
Sep 20207,40534,72537.091.99$343,790
Aug 20208,13839,06039.982.39$418,519
Jul 20206,46237,52438.371.83$316,433
Jun 20206,97336,28134.901.69$304,684
May 20208,83841,79216.921.81$225,381
Apr 20208,85640,53714.751.80$203,770
Mar 20209,56441,28630.341.86$366,808
Feb 20209,02140,81849.881.98$530,814
Jan 202010,49941,76557.252.09$688,555
Dec 20199,48043,94459.012.30$660,678
Nov 20198,68551,10155.302.75$620,844
Oct 201913,00949,40953.472.42$815,089
Sep 201911,24042,58955.052.66$731,933
Aug 201910,88438,46953.112.30$666,696
Jul 201913,14746,64256.272.46$854,524
Jun 201918,26650,46752.782.49$1,089,803
May 201919,89650,86358.482.74$1,302,899
Apr 201920,38653,60462.632.75$1,424,224
Mar 201921,99548,34456.803.06$1,397,350
Feb 201923,58049,01450.852.79$1,335,901
Jan 201929,00155,76146.033.23$1,514,923
Dec 201833,41851,56846.594.19$1,772,779
Nov 201833,16245,15552.934.24$1,946,597
Oct 201837,47737,70461.443.40$2,430,708
Sep 201844,99946,76959.543.11$2,824,599
Aug 201851,72146,29059.403.07$3,214,178
Jul 201850,52939,39165.142.93$3,406,949
Jun 201853,50433,26560.183.08$3,322,224
May 201856,26043,16165.382.90$3,803,480
Apr 201840,96036,67463.842.90$2,721,270
Mar 20182,2432,20461.222.79$143,459

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                2,580 bbl  × $106.41 =   $274,538
Casinghead gas    25,021 Mcf  × $  3.05 =    $76,210

────────────────────────────────────────────────────
Month total                                 $350,748

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/50512 is the state's own key, not one this site invented.