SASQUATCH UNIT 36-24

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 52070District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$56.6 M
Jan 2019 – May 2026
Value, last 12 filed months
$3.9 M
at the published price for each month
Months reported
89
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
OilDisposition756,113 bbl$52,816,517
Casinghead gasProduction1,029,912 Mcf$3,782,953
Total$56,599,470

Every month this lease reported (89)

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

89 months

May 202600106.413.05$0
Apr 20261,0523,58598.932.87$114,362
Mar 20262,8286,21889.753.15$273,396
Feb 20263,9629,18363.503.75$286,026
Jan 20264,37910,50159.138.00$342,916
Dec 20255,30712,04956.664.41$353,871
Nov 20255,81312,88058.593.93$391,156
Oct 20256,08913,33859.383.30$405,645
Sep 20256,10512,92062.743.08$422,782
Aug 20256,31613,82963.933.01$445,473
Jul 20256,43412,50466.743.32$470,858
Jun 20254,9739,81366.483.13$361,307
May 20255,95810,77960.553.23$395,598
Apr 20255,96410,24562.363.54$408,214
Mar 20256,32410,76667.704.27$474,088
Feb 20255,8279,96770.884.34$456,283
Jan 20256,58210,74874.324.28$535,161
Dec 20246,4989,94368.993.12$479,333
Nov 20246,5719,80369.052.20$475,279
Oct 20246,7769,45671.372.28$505,176
Sep 20246,6328,86369.612.36$482,609
Aug 20245,2035,09275.632.06$404,011
Jul 20244,4983,30579.932.15$366,620
Jun 20242,8201,00878.082.63$222,841
May 20242,8321,17578.812.20$225,773
Apr 20244,4435,08084.451.66$383,640
Mar 20242,0681,50680.301.55$168,387
Feb 20241,7622,82776.091.78$139,113
Jan 20246,54112,17073.023.30$517,756
Dec 20237,51314,18171.262.61$572,399
Nov 20236,66311,87977.892.81$552,332
Oct 20237,76514,37185.443.09$707,809
Sep 20237,49714,14889.042.74$706,228
Aug 20237,95614,73680.522.67$680,005
Jul 20238,32415,27074.852.64$663,392
Jun 20237,88813,57968.962.26$574,624
May 20238,67715,67970.622.23$647,693
Apr 20238,84215,82678.122.24$726,152
Mar 20239,42716,41972.852.39$726,050
Feb 20238,85014,60875.112.47$700,742
Jan 20239,84616,21676.533.39$808,450
Dec 202210,31916,20876.415.73$881,332
Nov 20229,79314,61985.005.65$914,947
Oct 202210,95215,94787.185.86$1,048,305
Sep 202211,24515,75084.888.16$1,083,054
Aug 202211,43215,44894.529.13$1,221,549
Jul 202210,34814,669101.587.54$1,161,785
Jun 202211,54115,162115.097.98$1,449,204
May 202213,09415,135109.378.43$1,559,725
Apr 202211,75214,226104.226.84$1,322,065
Mar 202212,40913,877108.885.08$1,421,537
Feb 202212,07611,81991.054.86$1,156,946
Jan 202215,65116,23981.844.54$1,354,565
Dec 202116,85116,06971.323.90$1,264,468
Nov 202117,41014,87277.435.24$1,425,939
Oct 202120,99917,69579.795.71$1,776,617
Sep 202124,41419,00469.865.35$1,807,251
Aug 202132,78921,35766.024.22$2,254,869
Jul 202130,54114,22970.783.98$2,218,353
Jun 202115,9327,82269.493.38$1,133,558
May 202177250063.483.02$50,515
Apr 202147270260.362.76$30,426
Mar 20214,8487,31561.302.72$317,057
Feb 20212,3464,35057.805.55$159,732
Jan 20214,4447,57150.412.81$245,299
Dec 20204,5638,96544.642.68$227,678
Nov 20204,76612,16338.772.71$217,698
Oct 20204,53112,12836.972.48$197,569
Sep 20204,83812,69137.091.99$204,710
Aug 20205,28113,19739.982.39$242,611
Jul 20205,51013,64038.371.83$236,313
Jun 20205,47413,13134.901.69$213,238
May 20205,78213,47416.921.81$122,283
Apr 20205,95513,64714.751.80$112,461
Mar 20206,49514,96730.341.86$224,840
Feb 20206,40813,83549.881.98$347,034
Jan 20207,23714,93557.252.09$445,603
Dec 20197,69116,00859.012.30$490,734
Nov 20197,88515,78555.302.75$479,460
Oct 20198,73116,05853.472.42$505,683
Sep 20199,19615,72355.052.66$548,020
Aug 201910,91010,04453.112.30$602,575
Jul 201911,87313,16856.272.46$700,488
Jun 201914,53715,04052.782.49$804,731
May 201919,68916,69658.482.74$1,197,165
Apr 201910,8495,98662.632.75$695,939
Mar 201916,19710,28256.803.06$951,474
Feb 201914,3348,52450.852.79$752,685
Jan 20195,1462,77546.033.23$245,829

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.

Apr 2026 — as filed, then multipliedworked
Oil                1,052 bbl  × $ 98.93 =   $104,074
Casinghead gas     3,585 Mcf  × $  2.87 =    $10,288

────────────────────────────────────────────────────
Month total                                 $114,362

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/52070 is the state's own key, not one this site invented.