FAUN A 10-22

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 60031District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$17.9 M
Feb 2023 – May 2026
Value, last 12 filed months
$2.3 M
at the published price for each month
Months reported
40
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
OilDisposition232,123 bbl$17,197,930
Casinghead gasProduction239,789 Mcf$684,888
Total$17,882,818

Every month this lease reported (40)

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

40 months

May 202600106.413.05$0
Apr 20262,7693,68998.932.87$284,524
Mar 20262,8423,64289.753.15$266,540
Feb 20262,6024,27463.503.75$181,256
Jan 20263,1964,94359.138.00$228,513
Dec 20252,8474,49856.664.41$181,162
Nov 20253,0854,72758.593.93$199,310
Oct 20253,1264,17559.383.30$199,420
Sep 20252,8153,69562.743.08$187,982
Aug 20252,1613,14163.933.01$147,622
Jul 20253,2834,82266.743.32$235,093
Jun 20252,9694,98566.483.13$212,976
May 20253,5875,59660.553.23$235,281
Apr 20253,2104,52462.363.54$216,205
Mar 20253,6005,36967.704.27$266,637
Feb 20253,0074,27170.884.34$231,676
Jan 20254,1616,37474.324.28$336,518
Dec 20244,4526,78868.993.12$328,331
Nov 20244,1966,60169.052.20$304,246
Oct 20244,4777,02171.372.28$335,541
Sep 20244,4596,80769.612.36$326,485
Aug 20244,7267,12575.632.06$372,131
Jul 20244,7816,90979.932.15$396,976
Jun 20245,0036,85978.082.63$408,701
May 20245,4627,85978.812.20$447,738
Apr 20245,0927,82284.451.66$442,998
Mar 20246,0717,63880.301.55$499,303
Feb 20245,8897,30276.091.78$461,118
Jan 20246,7357,54973.023.30$516,684
Dec 20236,9467,27471.262.61$513,962
Nov 20237,2787,79777.892.81$588,774
Oct 20237,1225,71685.443.09$626,151
Sep 20239,0528,31289.042.74$828,724
Aug 20239,1567,03980.522.67$756,056
Jul 202311,7586,93474.852.64$898,405
Jun 202313,4328,58868.962.26$945,667
May 202318,5319,88470.622.23$1,330,675
Apr 202320,7599,70378.122.24$1,643,406
Mar 202316,0298,67272.852.39$1,188,466
Feb 20231,45786575.112.47$111,568

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                2,769 bbl  × $ 98.93 =   $273,937
Casinghead gas     3,689 Mcf  × $  2.87 =    $10,586

────────────────────────────────────────────────────
Month total                                 $284,524

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/60031 is the state's own key, not one this site invented.