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ERLKING UNIT B 21-09

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 57764District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$64.2 M
Apr 2022 – May 2026
Value, last 12 filed months
$7.3 M
at the published price for each month
Months reported
50
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
OilDisposition745,520 bbl$61,006,587
Casinghead gasProduction805,135 Mcf$3,175,885
Total$64,182,472

Every month this lease reported (50)

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

50 months

May 202600106.413.05$0
Apr 20268,04820,17098.932.87$854,071
Mar 20268,92120,61989.753.15$865,598
Feb 20268,21917,43963.503.75$587,308
Jan 20269,89020,35259.138.00$747,569
Dec 202510,21321,10556.664.41$671,813
Nov 20259,97220,36758.593.93$664,229
Oct 20259,93219,99459.383.30$655,839
Sep 20258,18215,67562.743.08$561,569
Aug 20256,38412,60463.933.01$446,127
Jul 20258,38416,12166.743.32$612,993
Jun 20258,52115,40966.483.13$614,687
May 20258,63715,18360.553.23$572,047
Apr 20259,26516,26262.363.54$635,384
Mar 20259,62716,52467.704.27$722,278
Feb 20259,77816,33670.884.34$763,977
Jan 202511,05418,23274.324.28$899,542
Dec 202411,69519,27768.993.12$867,009
Nov 202411,99718,53469.052.20$869,139
Oct 202413,49420,34071.372.28$1,009,470
Sep 202411,68716,85569.612.36$853,383
Aug 202412,33817,23775.632.06$968,694
Jul 202414,13618,93179.932.15$1,170,528
Jun 202415,46519,83978.082.63$1,259,763
May 202416,23119,93678.812.20$1,322,993
Apr 202414,14914,93784.451.66$1,219,667
Mar 202415,19915,95380.301.55$1,245,129
Feb 202416,58116,61176.091.78$1,291,276
Jan 202417,64615,91273.023.30$1,340,983
Dec 202319,76717,33471.262.61$1,453,851
Nov 202320,32217,02877.892.81$1,630,688
Oct 202323,17317,73585.443.09$2,034,654
Sep 202326,31217,96889.042.74$2,391,964
Aug 202330,96517,07880.522.67$2,538,949
Jul 202314,0397,19474.852.64$1,069,824
Jun 20232,78899568.962.26$194,508
May 20239801,03970.622.23$71,522
Apr 202313,16113,43978.122.24$1,058,211
Mar 202315,22114,99172.852.39$1,144,726
Feb 202312,23910,80175.112.47$945,903
Jan 202314,74313,46276.533.39$1,173,887
Dec 202218,75916,83776.415.73$1,529,836
Nov 202219,75216,05885.005.65$1,769,587
Oct 202222,92117,34487.185.86$2,099,954
Sep 202224,87617,86584.888.16$2,257,319
Aug 202232,40621,40494.529.13$3,258,373
Jul 202235,09319,163101.587.54$3,709,276
Jun 202236,01817,356115.097.98$4,283,764
May 202234,90422,364109.378.43$4,006,047
Apr 202211,43610,926104.226.84$1,266,568

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                8,048 bbl  × $ 98.93 =   $796,189
Casinghead gas    20,170 Mcf  × $  2.87 =    $57,882

────────────────────────────────────────────────────
Month total                                 $854,071

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/57764 is the state's own key, not one this site invented.