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MAXIMUS C

Operated by SM ENERGY COMPANY (P-5 788997) 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 51431District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$71.8 M
Dec 2018 – May 2026
Value, last 12 filed months
$3.6 M
at the published price for each month
Months reported
90
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
OilDisposition855,700 bbl$48,434,776
Casinghead gasProduction6,728,456 Mcf$23,386,772
Total$71,821,548

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 32.3177, -101.6175. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

32.31771, -101.61746 · 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
7,922 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 7,487 and 8,206 ft, median 7,922 ft, over the 3 wells that filed a depth.

Completions filed
Dec 2018 – Jan 2019
3 of 3 wells

3 wells

42-227394772627LS7,487 ftJan 2019——
42-227394742649WA7,922 ftDec 2018——
42-227394762665WB8,206 ftDec 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 (90)

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

90 months

May 202662846,999106.413.05$209,977
Apr 20261,34257,24398.932.87$297,035
Mar 20261,46160,02189.753.15$320,157
Feb 20261,39855,79363.503.75$298,015
Jan 20261,19247,31659.138.00$448,913
Dec 20251,25247,23956.664.41$279,421
Nov 20251,54557,44658.593.93$316,080
Oct 20251,41762,60059.383.30$291,024
Sep 20251,14460,54162.743.08$258,054
Aug 20251,40471,21463.933.01$304,451
Jul 20251,59170,88666.743.32$341,185
Jun 20251,11252,46666.483.13$238,077
May 20251,51653,11160.553.23$263,466
Apr 20251,47560,18862.363.54$305,234
Mar 20251,52360,61067.704.27$361,810
Feb 20251,65261,74170.884.34$385,102
Jan 20251,78357,50574.324.28$378,558
Dec 20241,86360,07768.993.12$316,051
Nov 20241,80261,08169.052.20$258,711
Oct 20241,19062,11671.372.28$226,642
Sep 20241,44367,35969.612.36$259,708
Aug 20241,51671,60075.632.06$262,411
Jul 20241,51864,92279.932.15$260,695
Jun 20241,97768,17578.082.63$333,936
May 20241,94267,14078.812.20$300,652
Apr 20241,64164,97184.451.66$246,382
Mar 20241,85067,23180.301.55$252,436
Feb 20242,22464,53576.091.78$284,331
Jan 20242,44175,04773.023.30$425,721
Dec 20232,56282,39471.262.61$397,676
Nov 20232,53280,71077.892.81$423,816
Oct 20232,75584,38985.443.09$495,920
Sep 20232,18070,03289.042.74$385,648
Aug 20232,76386,12580.522.67$452,679
Jul 20232,91171,95474.852.64$407,976
Jun 20232,96679,38868.962.26$383,832
May 20233,38391,50570.622.23$442,726
Apr 20233,14079,36378.122.24$422,892
Mar 20233,81982,87472.852.39$476,545
Feb 20233,35471,49975.112.47$428,213
Jan 20234,05374,78476.533.39$563,523
Dec 20223,63364,06176.415.73$644,608
Nov 202263241,92485.005.65$290,431
Oct 20221,77249,08387.185.86$442,294
Sep 20222,32255,22484.888.16$647,922
Aug 20222,97874,49394.529.13$961,390
Jul 20223,78182,054101.587.54$1,002,932
Jun 20223,69284,513115.097.98$1,099,089
May 20224,01192,577109.378.43$1,219,389
Apr 20224,39991,573104.226.84$1,084,603
Mar 20224,66895,664108.885.08$993,881
Feb 20224,48185,21191.054.86$822,022
Jan 20224,88088,18881.844.54$799,548
Dec 20215,17096,49071.323.90$744,950
Nov 20214,83092,06177.435.24$856,097
Oct 20215,840106,65279.795.71$1,075,369
Sep 20215,900105,39769.865.35$976,145
Aug 20216,554111,11066.024.22$901,645
Jul 20216,619110,03470.783.98$906,657
Jun 20217,491109,16169.493.38$889,581
May 20217,954100,62163.483.02$808,561
Apr 20218,34989,82060.362.76$751,707
Mar 20217,79778,80261.302.72$692,056
Feb 20215,55350,35757.805.55$600,342
Jan 20217,59189,76550.412.81$634,926
Dec 20208,93295,65344.642.68$654,640
Nov 20209,90891,99038.772.71$633,111
Oct 202011,971103,96736.972.48$700,243
Sep 202013,04588,87537.091.99$660,793
Aug 202012,05575,74039.982.39$662,606
Jul 202013,99977,44438.371.83$678,486
Jun 202013,26866,00634.901.69$574,624
May 202012,63056,83916.921.81$316,848
Apr 20209,96647,73814.751.80$233,136
Mar 20206,71038,46730.341.86$274,985
Feb 202014,10471,41549.881.98$844,957
Jan 202018,17896,65957.252.09$1,243,166
Dec 201920,03195,17759.012.30$1,401,351
Nov 201919,79680,29055.302.75$1,315,573
Oct 201920,67884,47053.472.42$1,309,947
Sep 201918,12067,39355.052.66$1,176,588
Aug 201921,45772,68453.112.30$1,307,071
Jul 201929,36196,03956.272.46$1,888,405
Jun 201937,19381,31552.782.49$2,165,618
May 201943,72299,08258.482.74$2,828,379
Apr 201958,39396,88862.632.75$3,923,663
Mar 201982,454106,03456.803.06$5,008,074
Feb 201985,79094,98450.852.79$4,627,638
Jan 201956,88552,30146.033.23$2,787,254
Dec 201814,89713,98146.594.19$752,568

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                  628 bbl  × $106.41 =    $66,825
Casinghead gas    46,999 Mcf  × $  3.05 =   $143,151

────────────────────────────────────────────────────
Month total                                 $209,977

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/51431 is the state's own key, not one this site invented.