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TARGET L

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 51342District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$23.5 M
Mar 2018 – May 2026
Value, last 12 filed months
$1.5 M
at the published price for each month
Months reported
99
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
OilDisposition218,713 bbl$12,974,827
Casinghead gasProduction3,062,654 Mcf$10,560,300
Total$23,535,127

Wells on this lease (1)

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 31.8257, -101.7237. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.82573, -101.72375 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,772 ft
1 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.
1100.0%

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

The one well that filed a depth was drilled to 8,772 ft.

Completions filed
Mar 2018
1 of 1 wells

1 well

42-173376093908WB8,772 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 202612312,469106.413.05$51,067
Apr 202612312,82498.932.87$48,970
Mar 20267418,48589.753.15$64,859
Feb 202626513,17163.503.75$66,223
Jan 202636020,77359.138.00$187,428
Dec 202522547,99556.664.41$224,568
Nov 202520236,26658.593.93$154,231
Oct 202522144,14359.383.30$159,009
Sep 202515634,69662.743.08$116,544
Aug 202516032,77763.933.01$109,044
Jul 202519045,17666.743.32$162,448
Jun 202521435,50666.483.13$125,315
May 202550242,00760.553.23$166,176
Apr 202546028,18462.363.54$128,545
Mar 202550222,94467.704.27$131,918
Feb 202548824,38270.884.34$140,428
Jan 202555123,02774.324.28$139,475
Dec 202423629,19768.993.12$107,416
Nov 202417129,46169.052.20$76,576
Oct 202420328,42771.372.28$79,341
Sep 202421328,91969.612.36$83,202
Aug 202435428,74775.632.06$86,096
Jul 202426143,06279.932.15$113,298
Jun 20241022,52578.082.63$60,111
May 2024537,78578.812.20$21,292
Apr 202424921,88584.451.66$57,340
Mar 202417422,32980.301.55$48,473
Feb 202421725,74476.091.78$62,430
Jan 202420922,99973.023.30$91,104
Dec 202322724,96671.262.61$81,355
Nov 202321022,22277.892.81$78,747
Oct 202322525,26385.443.09$97,218
Sep 20235728,60689.042.74$83,314
Aug 202326420,43880.522.67$75,886
Jul 202329230,79374.852.64$103,205
Jun 202328328,97868.962.26$84,962
May 202330830,13270.622.23$88,867
Apr 202331227,35178.122.24$85,578
Mar 202336226,34372.852.39$89,415
Feb 202337027,38175.112.47$95,303
Jan 202344834,30876.533.39$150,511
Dec 202253832,58776.415.73$227,802
Nov 202260532,99185.005.65$237,699
Oct 202244832,07987.185.86$227,160
Sep 202243426,14884.888.16$250,302
Aug 202246827,34894.529.13$293,845
Jul 202252929,557101.587.54$276,657
Jun 202249928,901115.097.98$287,979
May 202254132,113109.378.43$329,979
Apr 202229923,225104.226.84$189,965
Mar 202245328,239108.885.08$192,675
Feb 202254627,75891.054.86$184,585
Jan 202270432,25781.844.54$203,987
Dec 202170536,22971.323.90$191,542
Nov 202173836,31877.435.24$247,335
Oct 202189038,52479.795.71$291,134
Sep 202180036,91269.865.35$253,401
Aug 202186538,07966.024.22$217,823
Jul 202187040,43870.783.98$222,606
Jun 202188340,42069.493.38$198,004
May 20211,09441,20163.483.02$193,778
Apr 20211,01636,90360.362.76$163,120
Mar 20211,26440,88461.302.72$188,563
Feb 202190026,56757.805.55$199,412
Jan 20211,25740,40650.412.81$176,917
Dec 20201,43738,47144.642.68$167,075
Nov 20201,47237,64838.772.71$158,966
Oct 20201,64442,44336.972.48$165,971
Sep 20201,74537,28737.091.99$138,962
Aug 202075719,48839.982.39$76,746
Jul 20201,77948,81938.371.83$157,361
Jun 20201,78052,77434.901.69$151,326
May 20202,18847,87216.921.81$123,897
Apr 20202,12435,73614.751.80$95,810
Mar 20202,43534,56030.341.86$138,029
Feb 20201,77919,69049.881.98$127,736
Jan 20201,78113,63057.252.09$130,514
Dec 20192,54614,12759.012.30$182,793
Nov 20191,9187,83055.302.75$127,603
Oct 20198619,05353.472.42$67,933
Sep 20191,20521,00755.052.66$122,157
Aug 20192,24831,93953.112.30$192,990
Jul 20192,91435,43256.272.46$251,136
Jun 20193,00334,08852.782.49$243,418
May 20192,19220,09858.482.74$183,263
Apr 20193,33425,88962.632.75$280,021
Mar 20194,25537,43056.803.06$356,298
Feb 20194,01240,85550.852.79$318,086
Jan 20195,23250,06646.033.23$402,451
Dec 20184,86546,74146.594.19$422,292
Nov 20187,13051,23952.934.24$594,503
Oct 20187,76317,91861.443.40$537,846
Sep 20188,47528,25759.543.11$592,424
Aug 201814,17021,32759.403.07$907,099
Jul 20184,0998,83565.142.93$292,912
Jun 20187,29620,31460.183.08$501,578
May 201818,79983,04665.382.90$1,469,978
Apr 201831,00557,18163.842.90$2,145,230
Mar 201832,60032,79461.222.79$2,087,164

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                  123 bbl  × $106.41 =    $13,088
Casinghead gas    12,469 Mcf  × $  3.05 =    $37,979

────────────────────────────────────────────────────
Month total                                  $51,067

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/51342 is the state's own key, not one this site invented.