MEDUSA UNIT C 28-09

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 53011District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$41.2 M
Jul 2019 – May 2026
Value, last 12 filed months
$2.3 M
at the published price for each month
Months reported
83
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
OilDisposition636,846 bbl$38,248,056
Casinghead gasProduction812,452 Mcf$2,916,105
Total$41,164,161

Every month this lease reported (83)

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

83 months

May 202600106.413.05$0
Apr 20262,8676,12798.932.87$301,215
Mar 20262,9706,42489.753.15$286,790
Feb 20262,6825,74763.503.75$191,860
Jan 20262,5205,28759.138.00$191,293
Dec 20253,0056,43756.664.41$198,672
Nov 20253,0945,95658.593.93$204,663
Oct 20252,6364,99859.383.30$173,043
Sep 20252,6815,07362.743.08$183,815
Aug 20252,7875,45463.933.01$194,615
Jul 20253,2636,62966.743.32$239,749
Jun 20252,5493,85266.483.13$181,509
May 20253,1546,61760.553.23$212,363
Apr 20252,9056,26062.363.54$203,336
Mar 20253,1806,52967.704.27$243,154
Feb 20252,8906,61370.884.34$233,549
Jan 20253,9788,25274.324.28$330,953
Dec 20244,2758,87968.993.12$322,647
Nov 20243,9618,48469.052.20$292,159
Oct 20243,5297,35171.372.28$268,635
Sep 20242,8416,15369.612.36$212,310
Aug 20243,3297,27475.632.06$266,783
Jul 20243,3407,43279.932.15$282,920
Jun 20244,0259,34078.082.63$338,873
May 20243,7889,35878.812.20$319,105
Apr 20244,2049,12584.451.66$370,168
Mar 20244,2399,16980.301.55$354,559
Feb 20244,6269,45076.091.78$368,848
Jan 20244,6099,00573.023.30$366,245
Dec 20235,0919,88671.262.61$388,594
Nov 20235,0659,76677.892.81$421,931
Oct 20235,54710,03685.443.09$504,920
Sep 20235,2129,26389.042.74$489,411
Aug 20233,6466,74580.522.67$311,605
Jul 20235,1889,46874.852.64$413,334
Jun 20234,8878,35268.962.26$355,870
May 20235,1919,57870.622.23$387,922
Apr 20235,4819,97678.122.24$450,500
Mar 20236,28110,47772.852.39$482,644
Feb 20235,5889,00975.112.47$441,928
Jan 20236,0009,74776.533.39$492,200
Dec 20225,4088,97976.415.73$464,667
Nov 20223,3366,22285.005.65$318,691
Oct 20225,1179,11387.185.86$499,537
Sep 20226,55812,47984.888.16$658,518
Aug 20226,43911,66894.529.13$715,110
Jul 20226,87313,150101.587.54$797,338
Jun 20227,30613,481115.097.98$948,388
May 20227,14713,020109.378.43$891,466
Apr 20227,79613,725104.226.84$906,345
Mar 20228,04813,113108.885.08$942,833
Feb 20226,48710,86891.054.86$643,447
Jan 20228,42214,11081.844.54$753,283
Dec 20218,74114,31371.323.90$679,216
Nov 20218,97214,32177.435.24$769,699
Oct 20219,48315,01079.795.71$842,414
Sep 20219,23313,97969.865.35$719,818
Aug 20219,95814,90166.024.22$720,318
Jul 202110,64615,11170.783.98$813,697
Jun 202110,66914,92669.493.38$791,848
May 202111,70514,16263.483.02$785,770
Apr 20219,99411,40060.362.76$634,684
Mar 202112,32211,72661.302.72$787,197
Feb 20215,7535,51557.805.55$363,120
Jan 202112,26213,58150.412.81$656,294
Dec 202013,42814,22844.642.68$637,492
Nov 202012,79311,88438.772.71$528,149
Oct 202011,96711,67536.972.48$471,356
Sep 202014,07713,58137.091.99$549,156
Aug 202015,85214,65339.982.39$668,712
Jul 202017,65716,08838.371.83$706,862
Jun 202019,60316,80134.901.69$712,544
May 202020,86515,82716.921.81$381,758
Apr 202023,00916,40414.751.80$368,982
Mar 202030,11419,57530.341.86$949,994
Feb 202023,39514,20049.881.98$1,195,068
Jan 202012,0606,16557.252.09$703,349
Dec 20196,2203,10159.012.30$374,188
Nov 201917,7568,38455.302.75$1,004,969
Oct 201916,3808,06453.472.42$895,342
Sep 201915,1727,16755.052.66$854,263
Aug 201910,7196,15453.112.30$583,467
Jul 201905056.272.46$123

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                2,867 bbl  × $ 98.93 =   $283,632
Casinghead gas     6,127 Mcf  × $  2.87 =    $17,583

────────────────────────────────────────────────────
Month total                                 $301,215

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/53011 is the state's own key, not one this site invented.