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BAILEY -12-

Operated by P1 ENERGY, LLC (P-5 631633) 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 53560District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$2.1 M
Oct 2019 – May 2026
Value, last 12 filed months
$186 k
at the published price for each month
Months reported
80
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
OilDisposition23,122 bbl$1,586,531
Casinghead gasProduction140,941 Mcf$480,674
Total$2,067,205

Wells on this lease (14)

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 31.5851, -101.1824. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.58506, -101.18180 · 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
7.1%
1 of 14 wells
With a plug date
0.0%
0 of 14 wells
Median depth
8,050 ft
14 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
17.1%
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.
1392.9%

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

Total depth in feet, 14 of 14 wells. Median 8,050 ft, with the middle half between 8,019 and 8,096 ft; the shallowest is 7,955 ft and the deepest 8,100 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 14 of 14 wells, Feb 1992 – Nov 2014. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 1992 – Nov 2014
14 of 14 wells

14 wells

42-4313226388,100 ftNov 2014——
42-43132468158,100 ftOct 2008——
42-4313192748,050 ftSep 2008——
42-4313226278,050 ftSep 2008——
42-43132411118,085 ftDec 2006——
42-43132445148,040 ftDec 2006——
42-43132410108,100 ftMay 2005——
42-43132423138,012 ftMay 2005——
42-4313205068,050 ftAug 2004—Yes
42-43132469168,085 ftMay 2004——
42-4313189637,962 ftMay 1997——
42-431321175S7,955 ftApr 1997——
42-4313233612098,000 ftApr 1992——
42-43132327128,100 ftFeb 1992——

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 (80)

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

80 months

May 202600106.413.05$0
Apr 2026076498.932.87$2,192
Mar 202618664989.753.15$18,737
Feb 202617897063.503.75$14,941
Jan 20261791,06559.138.00$19,102
Dec 20253541,22056.664.41$25,442
Nov 20251771,23458.593.93$15,216
Oct 20251731,23859.383.30$14,364
Sep 20253701,23862.743.08$27,023
Aug 202501,33463.933.01$4,022
Jul 20253651,34666.743.32$28,822
Jun 20251771,30366.483.13$15,844
May 20251741,37160.553.23$14,967
Apr 20253471,26462.363.54$26,117
Mar 20253561,56067.704.27$30,760
Feb 20253541,30570.884.34$30,756
Jan 202501,37774.324.28$5,892
Dec 20243561,37868.993.12$28,862
Nov 20241851,46969.052.20$16,004
Oct 20243511,46371.372.28$28,389
Sep 20241691,37369.612.36$15,010
Aug 20243561,47575.632.06$29,968
Jul 20241751,47179.932.15$17,145
Jun 20243791,39578.082.63$33,267
May 20241931,49978.812.20$18,506
Apr 20241701,37084.451.66$16,630
Mar 20243861,50580.301.55$33,321
Feb 20241641,37676.091.78$14,933
Jan 20243771,49573.023.30$32,459
Dec 20231861,56771.262.61$17,345
Nov 20233571,58077.892.81$32,243
Oct 20231821,33085.443.09$19,656
Sep 20231881,43689.042.74$20,667
Aug 20233561,68780.522.67$33,174
Jul 202301,79874.852.64$4,750
Jun 20231831,57168.962.26$16,168
May 202301,66670.622.23$3,711
Apr 20235441,58278.122.24$46,037
Mar 20231851,60872.852.39$17,325
Feb 20231781,44475.112.47$16,930
Jan 20231751,55276.533.39$18,650
Dec 20221841,15176.415.73$20,654
Nov 20223621,32685.005.65$38,257
Oct 20221691,50787.185.86$23,570
Sep 20223511,51384.888.16$42,145
Aug 20223701,61894.529.13$49,740
Jul 20221901,603101.587.54$31,390
Jun 20223631,642115.097.98$54,876
May 20221931,704109.378.43$35,478
Apr 20223531,694104.226.84$48,373
Mar 20223611,660108.885.08$47,733
Feb 20225381,54791.054.86$56,502
Jan 20223591,71681.844.54$37,167
Dec 20213671,68871.323.90$32,756
Nov 20215491,77077.435.24$51,778
Oct 20213541,92879.795.71$39,262
Sep 20213611,86169.865.35$35,178
Aug 20215272,19966.024.22$44,074
Jul 20215222,30370.783.98$46,118
Jun 20215132,00169.493.38$42,413
May 20217032,11863.483.02$51,018
Apr 20215282,45760.362.76$38,648
Mar 20211823,22861.302.72$19,927
Feb 20213672,72357.805.55$36,320
Jan 20211693,16250.412.81$17,405
Dec 20205603,17644.642.68$33,496
Nov 20201843,35238.772.71$16,206
Oct 20201853,33836.972.48$15,112
Sep 20201903,58937.091.99$14,193
Aug 20203673,75639.982.39$23,631
Jul 20201703,65138.371.83$13,186
Jun 20201,0883,59634.901.69$44,050
May 202003,61916.921.81$6,568
Apr 202003,78714.751.80$6,833
Mar 20205631,68730.341.86$20,213
Feb 20201741,04449.881.98$10,747
Jan 20203391,15357.252.09$21,823
Dec 20193371,20959.012.30$22,672
Nov 20193421,21555.302.75$22,255
Oct 20195031,32253.472.42$30,093

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                    0 bbl  × $ 98.93 =         $0
Casinghead gas       764 Mcf  × $  2.87 =     $2,192

────────────────────────────────────────────────────
Month total                                   $2,192

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/53560 is the state's own key, not one this site invented.