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VALENCE

Operated by OXYROCK OPERATING, LLC (P-5 102324) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 55544District 08Field 85280301Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$61.5 M
Mar 2020 – May 2026
Value, last 12 filed months
$3.6 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) R 40 EXC 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 581 leases and 1,079 wells, and the rule below applies to all of them.

Discovered
2013-12-18
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 2016-03-08.

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: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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
OilDisposition596,575 bbl$44,582,033
Casinghead gasProduction4,075,017 Mcf$16,926,026
Total$61,508,059

Wells on this lease (3)

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 31.9134, -101.8651. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

31.91341, -101.86495 · 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 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
8,996 ft
3 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.
3100.0%

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 8,746 and 9,170 ft, median 8,996 ft, over the 3 wells that filed a depth.

Completions filed
Apr 2021
3 of 3 wells

3 wells

42-3294394710BB9,170 ftApr 2021——
42-329439458HA8,746 ftApr 2021——
42-329439417HB8,996 ftApr 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 (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 20261,19864,156106.413.05$322,888
Apr 202697951,62998.932.87$245,013
Mar 202693857,60589.753.15$265,609
Feb 20261,13046,17363.503.75$244,919
Jan 202687153,56159.138.00$479,879
Dec 20251,40059,32556.664.41$341,147
Nov 20251,28861,89458.593.93$318,487
Oct 20251,38266,87259.383.30$303,064
Sep 20251,11759,64362.743.08$253,597
Aug 20251,28054,89763.933.01$247,332
Jul 20251,53459,69066.743.32$300,263
Jun 20251,73663,45066.483.13$313,927
May 20251,85263,30660.553.23$316,764
Apr 20251,90364,70862.363.54$347,939
Mar 20251,90968,57667.704.27$421,944
Feb 20251,93060,59870.884.34$399,845
Jan 20251,67964,22074.324.28$399,560
Dec 20242,52275,21968.993.12$408,779
Nov 20242,69377,28869.052.20$355,865
Oct 20242,89467,50171.372.28$360,542
Sep 20243,02660,42469.612.36$353,504
Aug 20243,13555,45275.632.06$351,532
Jul 20243,58644,84579.932.15$382,893
Jun 20243,56539,09778.082.63$381,336
May 20243,05836,46478.812.20$321,165
Apr 20243,47936,22184.451.66$353,899
Mar 20244,96137,86680.301.55$456,876
Feb 20244,81533,20676.091.78$425,601
Jan 20243,04521,04973.023.30$291,758
Dec 20232,25912,59271.262.61$193,851
Nov 202348154277.892.81$38,987
Oct 20231,55422,27785.443.09$201,549
Sep 20234,82263,65989.042.74$603,461
Aug 20234,42167,40380.522.67$536,139
Jul 20236,12937,36474.852.64$557,464
Jun 20235,51363,01368.962.26$522,490
May 20236,20765,24170.622.23$583,656
Apr 20236,21157,20378.122.24$613,210
Mar 20234,36254,15672.852.39$447,376
Feb 20233,10438,92475.112.47$329,116
Jan 20236,20866,39376.533.39$700,019
Dec 20226,17578,37176.415.73$920,825
Nov 20227,27974,02785.005.65$1,036,686
Oct 20228,04980,55287.185.86$1,174,049
Sep 20227,11868,08684.888.16$1,160,008
Aug 20228,20288,03594.529.13$1,578,763
Jul 20229,35180,643101.587.54$1,558,091
Jun 20229,75080,711115.097.98$1,765,975
May 202210,63772,445109.378.43$1,774,300
Apr 202211,91478,679104.226.84$1,779,653
Mar 202213,31692,950108.885.08$1,921,697
Feb 202213,21289,33991.054.86$1,637,037
Jan 202215,401100,88281.844.54$1,718,188
Dec 202115,69081,63671.323.90$1,437,319
Nov 202118,89495,94677.435.24$1,965,417
Oct 202119,62372,15979.795.71$1,978,026
Sep 202125,78499,35269.865.35$2,332,895
Aug 202133,241115,58366.024.22$2,682,399
Jul 202144,945127,73070.783.98$3,689,838
Jun 202159,932135,59069.493.38$4,623,053
May 202196,262156,66463.483.02$6,583,472
Apr 202145,62451,93560.362.76$2,897,123
Mar 20210061.302.72$0
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
Apr 20200014.751.80$0
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                1,198 bbl  × $106.41 =   $127,479
Casinghead gas    64,156 Mcf  × $  3.05 =   $195,409

────────────────────────────────────────────────────
Month total                                 $322,888

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/55544 is the state's own key, not one this site invented.