GOLEM UNIT A 23-11

Operated by SURGE OPERATING, LLC (P-5 760725) 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 56873District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$65.6 M
Aug 2021 – May 2026
Value, last 12 filed months
$5.5 M
at the published price for each month
Months reported
58
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 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
OilDisposition770,094 bbl$61,686,009
Casinghead gasProduction1,059,537 Mcf$3,888,451
Total$65,574,461

Every month this lease reported (58)

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

58 months

May 202600106.413.05$0
Apr 20265,80119,74098.932.87$630,541
Mar 20265,84419,46289.753.15$585,793
Feb 20265,32816,94463.503.75$401,873
Jan 20265,72319,09459.138.00$491,113
Dec 20256,64720,38456.664.41$466,581
Nov 20256,63620,47858.593.93$469,209
Oct 20256,42320,50959.383.30$449,177
Sep 20256,02218,95862.743.08$436,153
Aug 20256,85820,95263.933.01$501,597
Jul 20257,19921,32566.743.32$551,158
Jun 20257,22520,00366.483.13$542,902
May 20257,87921,35460.553.23$546,096
Apr 20257,57020,20362.363.54$543,647
Mar 20257,80619,99767.704.27$613,820
Feb 20257,45019,74070.884.34$613,744
Jan 20256,76016,65874.324.28$573,677
Dec 20246,20116,10368.993.12$478,070
Nov 20247,79818,50369.052.20$579,130
Oct 20249,61622,87271.372.28$738,474
Sep 20249,31421,85069.612.36$700,009
Aug 20248,69119,61975.632.06$697,787
Jul 202410,11522,17379.932.15$856,088
Jun 202411,04223,02778.082.63$922,812
May 20247,43616,13678.812.20$621,505
Apr 20249,04320,03384.451.66$796,920
Mar 202411,65223,37080.301.55$971,765
Feb 202412,32523,24376.091.78$979,266
Jan 202410,21316,96673.023.30$801,701
Dec 202312,60521,41071.262.61$954,128
Nov 202312,95021,60377.892.81$1,069,327
Oct 202313,49121,68485.443.09$1,219,616
Sep 202313,95121,91789.042.74$1,302,141
Aug 202314,98921,68180.522.67$1,264,865
Jul 20239,15221,36274.852.64$741,461
Jun 202316,51120,94868.962.26$1,185,909
May 202318,48123,37570.622.23$1,357,194
Apr 202319,53623,60578.122.24$1,578,975
Mar 202322,79624,36772.852.39$1,719,003
Feb 202319,47518,88475.112.47$1,509,329
Jan 202318,09311,84676.533.39$1,424,788
Dec 202227,16322,67776.415.73$2,205,443
Nov 202233,47422,76985.005.65$2,973,848
Oct 202234,21220,53187.185.86$3,102,991
Sep 202226,59615,91784.888.16$2,387,410
Aug 20225,5323,67894.529.13$556,454
Jul 20221,5382,263101.587.54$173,298
Jun 202217,13017,372115.097.98$2,110,072
May 202216,46715,288109.378.43$1,929,920
Apr 202219,91317,883104.226.84$2,197,610
Mar 202221,51716,492108.885.08$2,426,491
Feb 202222,70216,61591.054.86$2,147,747
Jan 202230,93319,15481.844.54$2,618,471
Dec 202136,41719,90771.323.90$2,674,880
Nov 202135,31218,58377.435.24$2,831,525
Oct 202125,67715,51579.795.71$2,137,419
Sep 20212,8642,51569.865.35$213,537
Aug 20210066.024.22$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.

Apr 2026 — as filed, then multipliedworked
Oil                5,801 bbl  × $ 98.93 =   $573,893
Casinghead gas    19,740 Mcf  × $  2.87 =    $56,648

────────────────────────────────────────────────────
Month total                                 $630,541

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/56873 is the state's own key, not one this site invented.