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REED 1 E

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 51704District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$19.1 M
Jun 2018 – May 2026
Value, last 12 filed months
$515 k
at the published price for each month
Months reported
96
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
OilDisposition289,320 bbl$16,750,810
Casinghead gasProduction718,841 Mcf$2,338,433
Total$19,089,242

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 32.4141, -101.6581. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41409, -101.65808 · 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
7,917 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 7,917 ft.

Completions filed
Jun 2018
1 of 1 wells

1 well

42-227392923LS7,917 ftJun 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 (96)

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

96 months

May 20264663,599106.413.05$60,549
Apr 20265263,40398.932.87$61,803
Mar 20264913,42789.753.15$54,860
Feb 20261761,44163.503.75$16,580
Jan 20263552,45259.138.00$40,602
Dec 20251924,06556.664.41$28,819
Nov 20253385,38358.593.93$40,939
Oct 20255056,52359.383.30$51,544
Sep 20254015,58262.743.08$42,334
Aug 20254084,23563.933.01$38,851
Jul 20253883,49466.743.32$37,478
Jun 20254413,65766.483.13$40,759
May 20252903,65160.553.23$29,361
Apr 20253914,50862.363.54$40,355
Mar 20255465,29367.704.27$59,556
Feb 20256265,48470.884.34$68,176
Jan 20255984,80274.324.28$64,990
Dec 20246442,92568.993.12$53,560
Nov 20247032,86369.052.20$54,836
Oct 20245083,20771.372.28$43,572
Sep 20242521,02169.612.36$19,956
Aug 202425189675.632.06$20,832
Jul 202424576479.932.15$21,223
Jun 20248717978.082.63$7,264
May 20248078.812.20$630
Apr 202419234784.451.66$16,790
Mar 20245381,20780.301.55$45,066
Feb 20244221,39176.091.78$34,591
Jan 20244304,57973.023.30$46,499
Dec 20234925,02271.262.61$48,171
Nov 20236474,95077.892.81$64,292
Oct 20236145,14085.443.09$68,329
Sep 20237084,27589.042.74$74,733
Aug 20236477,18580.522.67$71,301
Jul 20236178,50074.852.64$68,638
Jun 20236558,21468.962.26$63,720
May 20236956,88870.622.23$64,423
Apr 20238736,34278.122.24$82,391
Mar 20238146,23272.852.39$74,214
Feb 20239007,25375.112.47$85,483
Jan 20231,0316,95976.533.39$102,478
Dec 20221,3958,63176.415.73$156,040
Nov 20221,6129,02985.005.65$188,000
Oct 20221,7438,44187.185.86$201,451
Sep 20221,4169,38084.888.16$196,765
Aug 20221,3718,70594.529.13$209,039
Jul 20221,74410,792101.587.54$258,550
Jun 20221,7178,865115.097.98$268,327
May 20221,7278,046109.378.43$256,734
Apr 20221,7546,384104.226.84$226,453
Mar 20221,9915,527108.885.08$244,837
Feb 20221,69750291.054.86$156,951
Jan 20221,6983,63481.844.54$155,454
Dec 20211,8483,98871.323.90$147,349
Nov 20211,7614,83077.435.24$161,648
Oct 20211,4934,01379.795.71$142,056
Sep 20211,2912,15169.865.35$101,699
Aug 20212,0974,00766.024.22$155,356
Jul 20212,1892,02170.783.98$162,985
Jun 20211,8271,35869.493.38$131,549
May 20211,5361,92063.483.02$103,299
Apr 20211,5031,17460.362.76$93,959
Mar 20211,9053,91061.302.72$127,400
Feb 20215802,55557.805.55$47,699
Jan 20213,35016,34250.412.81$214,799
Dec 20203,21913,77844.642.68$180,559
Nov 20203,46216,56938.772.71$179,067
Oct 20203,84816,68136.972.48$183,603
Sep 20203,76313,83237.091.99$167,110
Aug 20203,61015,42439.982.39$181,116
Jul 20203,86313,42138.371.83$172,718
Jun 20204,16513,32534.901.69$167,882
May 20204,75315,22116.921.81$108,043
Apr 20204,72914,09814.751.80$95,191
Mar 20205,24615,22830.341.86$187,430
Feb 20204,91312,89849.881.98$270,607
Jan 20206,42822,61057.252.09$415,365
Dec 20197,00215,51659.012.30$448,942
Nov 20197,16214,51955.302.75$435,996
Oct 20195,70110,66753.472.42$330,631
Sep 20196,08113,19055.052.66$369,809
Aug 20198,62819,56453.112.30$503,316
Jul 20199,34019,24556.272.46$572,906
Jun 201910,73120,30252.782.49$616,959
May 20198,95514,73958.482.74$564,078
Apr 201913,36020,35562.632.75$892,727
Mar 201917,03720,06856.803.06$1,029,152
Feb 201916,31914,22950.852.79$869,552
Jan 20198,1976,28346.033.23$397,591
Dec 20183046.594.19$140
Nov 20184801,11152.934.24$30,114
Oct 20188,4796,61761.443.40$543,435
Sep 201821,29615,93159.543.11$1,317,477
Aug 201815,32711,41559.403.07$945,429
Jul 201810,9507,96265.142.93$736,627
Jun 201891750060.183.08$56,724

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                  466 bbl  × $106.41 =    $49,587
Casinghead gas     3,599 Mcf  × $  3.05 =    $10,962

────────────────────────────────────────────────────
Month total                                  $60,549

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/51704 is the state's own key, not one this site invented.