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MILTON

Operated by SM ENERGY COMPANY (P-5 788997) 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 55072District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$188.7 M
May 2020 – May 2026
Value, last 12 filed months
$10.0 M
at the published price for each month
Months reported
73
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
OilDisposition2,027,937 bbl$155,326,533
Casinghead gasProduction8,018,188 Mcf$33,400,811
Total$188,727,344

Wells on this lease (6)

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 32.2336, -101.6904. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.23356, -101.69052 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
7,690 ft
6 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.
6100.0%

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 7,427 and 8,120 ft, median 7,690 ft, over the 6 wells that filed a depth.

Completions filed
Mar 2021 – Apr 2021
6 of 6 wells

6 wells

42-317430690847WA8,119 ftApr 2021——
42-317430760846WA8,120 ftApr 2021——
42-317430750826LS7,653 ftApr 2021——
42-317430770827LS7,727 ftApr 2021——
42-317430680828LS7,625 ftMar 2021——
42-317430700816JM7,427 ftMar 2021——

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 (73)

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

73 months

May 20267,53374,439106.413.05$1,028,316
Apr 20267,47273,45998.932.87$950,012
Mar 20266,71771,75789.753.15$828,845
Feb 20266,55484,64163.503.75$733,610
Jan 20266,89876,54759.138.00$1,020,096
Dec 20257,04082,70656.664.41$763,898
Nov 20258,24492,50158.593.93$846,216
Oct 20256,93887,54959.383.30$701,314
Sep 20256,46393,48662.743.08$693,138
Aug 20256,62185,95563.933.01$682,414
Jul 20258,68999,40666.743.32$909,455
Jun 20257,91797,70466.483.13$832,011
May 20258,314107,68660.553.23$851,488
Apr 20258,064104,06062.363.54$871,568
Mar 20257,465118,67867.704.27$1,011,936
Feb 20256,29896,75170.884.34$866,383
Jan 20258,134114,05574.324.28$1,092,524
Dec 20248,767119,99668.993.12$979,387
Nov 202410,486126,12169.052.20$1,001,328
Oct 202411,073110,28671.372.28$1,041,886
Sep 202410,196102,01369.612.36$950,939
Aug 20249,823103,48375.632.06$956,464
Jul 202410,062100,25079.932.15$1,019,451
Jun 20247,88688,06178.082.63$847,690
May 202413,619113,65478.812.20$1,323,175
Apr 202413,613111,13184.451.66$1,334,006
Mar 202412,359106,77780.301.55$1,157,412
Feb 20249,61192,66476.091.78$896,580
Jan 202414,404112,86673.023.30$1,423,974
Dec 202313,764111,17471.262.61$1,271,067
Nov 202311,674103,01977.892.81$1,198,520
Oct 202313,027112,36085.443.09$1,459,914
Sep 202315,671122,51689.042.74$1,730,432
Aug 202316,663128,35180.522.67$1,684,772
Jul 202317,928127,79074.852.64$1,679,506
Jun 202318,892124,48568.962.26$1,583,939
May 202315,035115,84670.622.23$1,319,807
Apr 202317,210125,16878.122.24$1,624,541
Mar 202323,591148,89072.852.39$2,074,922
Feb 202318,493114,95275.112.47$1,672,444
Jan 202321,712143,16176.533.39$2,146,609
Dec 202225,563153,14876.415.73$2,830,666
Nov 202227,726159,18585.005.65$3,255,500
Oct 202228,648153,64887.185.86$3,398,488
Sep 202226,806143,77084.888.16$3,448,986
Aug 202237,057166,52994.529.13$5,022,564
Jul 202234,026144,673101.587.54$4,547,496
Jun 202239,927183,554115.097.98$6,059,445
May 202244,012179,381109.378.43$6,326,320
Apr 202247,769183,255104.226.84$6,231,510
Mar 202254,239201,718108.885.08$6,929,544
Feb 202256,770189,45191.054.86$6,089,421
Jan 202272,321218,60481.844.54$6,910,706
Dec 202179,649213,14171.323.90$6,511,629
Nov 202194,196219,47377.435.24$8,442,943
Oct 2021112,830224,33479.795.71$10,284,521
Sep 2021116,854219,36869.865.35$9,337,241
Aug 2021113,239173,53666.024.22$8,208,463
Jul 2021110,016154,89470.783.98$8,403,733
Jun 202180,73098,44269.493.38$5,942,723
May 2021182,912163,60663.483.02$12,104,963
Apr 2021180,652147,26760.362.76$11,310,379
Mar 20211,07581761.302.72$68,117
Feb 20210057.805.55$0
Jan 20210050.412.81$0
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

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                7,533 bbl  × $106.41 =   $801,587
Casinghead gas    74,439 Mcf  × $  3.05 =   $226,729

────────────────────────────────────────────────────
Month total                               $1,028,316

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/55072 is the state's own key, not one this site invented.