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OLDHAM 38-27 B UNIT

Operated by HIGHPEAK ENERGY HOLDINGS, LLC (P-5 385826) 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 54008District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$60.3 M
Mar 2020 – May 2026
Value, last 12 filed months
$3.1 M
at the published price for each month
Months reported
75
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
OilDisposition899,861 bbl$55,140,733
Casinghead gasProduction1,297,620 Mcf$5,150,613
Total$60,291,346

Wells on this lease (4)

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 32.4539, -101.3132. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

32.45385, -101.31321 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
6,471 ft
4 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.
4100.0%

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 6,312 and 6,623 ft, median 6,471 ft, over the 4 wells that filed a depth.

Completions filed
Mar 2020
4 of 4 wells

4 wells

42-22740393A 8H6,610 ftMar 2020——
42-22740392A 7H6,623 ftMar 2020——
42-22740424L 8H6,312 ftMar 2020——
42-22740429L 7H6,332 ftMar 2020——

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 (75)

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

75 months

May 20263,61114,187106.413.05$427,458
Apr 20262,94011,81898.932.87$324,769
Mar 20263,46511,62189.753.15$347,583
Feb 20263,5979,65263.503.75$264,608
Jan 20263,70511,94459.138.00$314,604
Dec 20252,93711,95456.664.41$219,168
Nov 20251,83010,15258.593.93$147,081
Oct 20253,3488,96959.383.30$228,445
Sep 20253,1268,70062.743.08$222,894
Aug 20253,4888,25863.933.01$247,884
Jul 20253,2376,04366.743.32$236,071
Jun 20252,3224,11166.483.13$167,229
May 20251,6912,78560.553.23$111,392
Apr 20251,10836562.363.54$70,388
Mar 20251,1111,16767.704.27$80,196
Feb 20251,4684,13970.884.34$122,019
Jan 20251,2782,36574.324.28$105,100
Dec 20241,4601,85368.993.12$106,509
Nov 20242,6349,00869.052.20$201,681
Oct 20242,54511,86771.372.28$208,710
Sep 20242,3299,59969.612.36$184,817
Aug 20242,1096,49675.632.06$172,909
Jul 20241,4768,91979.932.15$137,122
Jun 20244098,33678.082.63$53,892
May 20241,3975,80778.812.20$122,864
Apr 20242,3918,13784.451.66$215,421
Mar 20243,77213,30680.301.55$323,451
Feb 20243,66013,91276.091.78$303,303
Jan 20244,38317,26373.023.30$376,974
Dec 20234,07314,73871.262.61$328,719
Nov 20237,74211,88877.892.81$636,401
Oct 20238,3135,05885.443.09$725,878
Sep 20238,07411,57889.042.74$750,575
Aug 20236,5835,76080.522.67$545,459
Jul 20236,5144,31374.852.64$498,967
Jun 20237,19412,58268.962.26$524,514
May 20235,40313,23170.622.23$411,031
Apr 202317,0914,81078.122.24$1,345,913
Mar 202319,73214,82872.852.39$1,472,962
Feb 202332,39614,70575.112.47$2,469,521
Jan 202339,31417,05476.533.39$3,066,475
Dec 202212,74714,49276.415.73$1,057,024
Nov 202210,93311,64985.005.65$995,078
Oct 20224,1171,83087.185.86$369,651
Sep 20225,4624,65584.888.16$501,616
Aug 202211,65121,99194.529.13$1,301,968
Jul 202210,19129,859101.587.54$1,260,401
Jun 20223,81816,368115.097.98$569,984
May 20228,60629,414109.378.43$1,189,288
Apr 202211,25833,738104.226.84$1,403,996
Mar 20227,98125,420108.885.08$998,013
Feb 202211,60637,60891.054.86$1,239,458
Jan 202214,88039,94081.844.54$1,399,014
Dec 202111,51930,81671.323.90$941,690
Nov 202110,88431,92677.435.24$1,009,940
Oct 202111,39834,50879.795.71$1,106,621
Sep 202115,39841,70569.865.35$1,298,864
Aug 202116,83746,12366.024.22$1,306,245
Jul 202120,08447,77770.783.98$1,611,797
Jun 202116,85239,01669.493.38$1,302,944
May 202122,21948,29663.483.02$1,556,204
Apr 202123,95446,09260.362.76$1,573,005
Mar 202128,40636,83961.302.72$1,841,377
Feb 202122,47230,53957.805.55$1,468,310
Jan 202133,25832,47450.412.81$1,767,796
Dec 202036,72829,81444.642.68$1,719,304
Nov 202047,80852,38038.772.71$1,995,286
Oct 202070,49644,22936.972.48$2,715,856
Sep 202076,82036,97137.091.99$2,922,865
Aug 202059,23023,07839.982.39$2,423,059
Jul 20209,1824,60438.371.83$360,716
Jun 2020019134.901.69$323
May 20200016.921.81$0
Apr 202017,810014.751.80$262,698
Mar 20200030.341.86$0

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                3,611 bbl  × $106.41 =   $384,247
Casinghead gas    14,187 Mcf  × $  3.05 =    $43,211

────────────────────────────────────────────────────
Month total                                 $427,458

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/54008 is the state's own key, not one this site invented.