MORGAN CHEVRON 36-48 C UNIT

Operated by HIGHPEAK ENERGY HOLDINGS, LLC (P-5 385826) 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 59143District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$17.3 M
Apr 2023 – May 2026
Value, last 12 filed months
$3.8 M
at the published price for each month
Months reported
38
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
OilDisposition215,653 bbl$16,224,662
Casinghead gasProduction347,198 Mcf$1,070,852
Total$17,295,514

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 32.1510, -101.3605. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.15120, -101.36111 · 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
33.3%
1 of 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
6,619 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
133.3%
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.
266.7%

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 6,554 and 8,721 ft, median 6,619 ft, over the 3 wells that filed a depth.

Completions filed
Jun 2023 – Feb 2026
3 of 3 wells

3 wells

42-22742806A 6H6,554 ftFeb 2026
42-22742250A 2H6,619 ftDec 2023Yes
42-22742116D 5FH8,721 ftJun 2023

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 (38)

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

38 months

May 20263,7518,992106.413.05$426,532
Apr 20263,8377,85298.932.87$402,127
Mar 20264,1637,77789.753.15$398,122
Feb 20264,0325,32463.503.75$275,999
Jan 20263,5818,00459.138.00$275,760
Dec 20254,3237,09556.664.41$276,254
Nov 20254,2775,92958.593.93$273,869
Oct 20254,05410,29459.383.30$274,747
Sep 20253,38811,66962.743.08$248,468
Aug 20253,60912,22263.933.01$267,570
Jul 20253,78312,41066.743.32$293,619
Jun 20254,66725,65366.483.13$390,523
May 20253,4997,38660.553.23$235,738
Apr 20254,38911,85962.363.54$315,716
Mar 20254,78611,74067.704.27$374,122
Feb 20254,3439,64470.884.34$349,695
Jan 20255,1939,94774.324.28$428,504
Dec 20245,25410,79368.993.12$396,162
Nov 20245,16612,09669.052.20$383,305
Oct 20245,68412,44371.372.28$434,055
Sep 20245,5349,33869.612.36$407,300
Aug 20246,41012,53575.632.06$510,656
Jul 20246,35112,02879.932.15$533,455
Jun 20246,59510,48678.082.63$542,558
May 20247,2148,13778.812.20$586,424
Apr 20247,4933,21084.451.66$638,110
Mar 20247,7875,33980.301.55$633,546
Feb 20248,15210,13076.091.78$638,354
Jan 20249,19410,63073.023.30$706,400
Dec 20239,75310,37171.262.61$722,075
Nov 20239,9474,74277.892.81$788,085
Oct 202310,8039,10785.443.09$951,124
Sep 202311,48111,88089.042.74$1,054,761
Aug 202313,16213,86280.522.67$1,096,856
Jul 20239,9986,27474.852.64$764,925
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$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                3,751 bbl  × $106.41 =   $399,144
Casinghead gas     8,992 Mcf  × $  3.05 =    $27,388

────────────────────────────────────────────────────
Month total                                 $426,532

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/59143 is the state's own key, not one this site invented.