SEALY-SMITH FOUNDATION 'B'

Operated by BLACKBEARD OPERATING, LLC (P-5 73056) in the MONAHANS, NORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 54495District 08Field 62417001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$4.2 M
Dec 2018 – May 2026
Value, last 12 filed months
$383 k
at the published price for each month
Months reported
90
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 18 leases and 47 wells, and the rule below applies to all of them.

Discovered
1944-03-12
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 10 acres. The field rule took effect on 2019-06-01.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: AND RECOMMENDATION

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
OilDisposition41,002 bbl$3,032,014
Casinghead gasProduction297,573 Mcf$1,166,393
Total$4,198,407

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 31.7300, -102.9546. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.73003, -102.95463 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
6,808 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
1100.0%
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.
00.0%

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 6,808 ft.

Completions filed
Jan 2021
1 of 1 wells

1 well

42-495342414016,808 ftJan 2021Yes

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 (90)

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

90 months

May 202600106.413.05$0
Apr 20262293,20998.932.87$31,864
Mar 20262953,33889.753.15$36,989
Feb 20262312,21463.503.75$22,972
Jan 20263323,28659.138.00$45,912
Dec 20253693,53256.664.41$36,496
Nov 20253233,93258.593.93$34,363
Oct 20253673,57159.383.30$33,594
Sep 20253683,45862.743.08$33,728
Aug 20253233,53963.933.01$31,319
Jul 20253353,88266.743.32$35,228
Jun 20254333,71666.483.13$40,412
May 20253943,79160.553.23$36,110
Apr 20253233,67462.363.54$33,160
Mar 20253733,85667.704.27$41,711
Feb 20253933,36370.884.34$42,454
Jan 20253843,66774.324.28$44,229
Dec 20244403,70068.993.12$41,905
Nov 20243333,68469.052.20$31,093
Oct 20243054,00971.372.28$30,914
Sep 20244163,68469.612.36$37,668
Aug 20244353,91075.632.06$40,968
Jul 20244964,01579.932.15$48,264
Jun 20244694,35178.082.63$48,080
May 20244574,27478.812.20$45,412
Apr 20244573,91184.451.66$45,083
Mar 20245593,88380.301.55$50,887
Feb 20244703,51676.091.78$42,034
Jan 20245174,00573.023.30$50,958
Dec 20236004,09771.262.61$53,452
Nov 20234933,96077.892.81$49,518
Oct 20235364,36385.443.09$59,266
Sep 20234784,34689.042.74$54,448
Aug 20234974,52980.522.67$52,124
Jul 20235584,82974.852.64$54,524
Jun 20235744,76668.962.26$50,347
May 20236384,76570.622.23$55,669
Apr 20236534,75078.122.24$61,642
Mar 20236125,06672.852.39$56,708
Feb 20235934,67075.112.47$56,055
Jan 20236465,22176.533.39$67,126
Dec 20227315,23876.415.73$85,865
Nov 20227605,24985.005.65$94,237
Oct 20226324,50887.185.86$81,532
Sep 20227435,07384.888.16$104,480
Aug 20229145,48894.529.13$136,481
Jul 20226954,689101.587.54$105,963
Jun 20227213,706115.097.98$112,543
May 20227234,422109.378.43$116,365
Apr 20227254,785104.226.84$108,277
Mar 20227445,688108.885.08$109,881
Feb 20227844,81391.054.86$94,769
Jan 20220081.844.54$0
Dec 20218485,88671.323.90$83,430
Nov 20216955,84977.435.24$84,444
Oct 20219545,54879.795.71$107,820
Sep 20211,0666,30269.865.35$108,192
Aug 20211,0266,71066.024.22$96,057
Jul 20218645,17070.783.98$81,741
Jun 20211,1335,12269.493.38$96,048
May 20211,1666,55363.483.02$93,792
Apr 20211,0906,17060.362.76$82,812
Mar 20211,2887,15961.302.72$98,405
Feb 20211,1575,94657.805.55$99,863
Jan 20217934,10650.412.81$51,514
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20196222,03456.803.06$41,558
Feb 20197864,48150.852.79$52,480
Jan 20191,2056,51246.033.23$76,488
Dec 20184332,03446.594.19$28,687

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                  229 bbl  × $ 98.93 =    $22,655
Casinghead gas     3,209 Mcf  × $  2.87 =     $9,209

────────────────────────────────────────────────────
Month total                                  $31,864

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/54495 is the state's own key, not one this site invented.