CHIMERA C 07-19

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 61343District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$11.9 M
Jan 2024 – May 2026
Value, last 12 filed months
$2.5 M
at the published price for each month
Months reported
29
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
OilDisposition154,968 bbl$11,384,164
Casinghead gasProduction168,304 Mcf$505,171
Total$11,889,335

Every month this lease reported (29)

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

29 months

May 202600106.413.05$0
Apr 20262,4353,99998.932.87$252,371
Mar 20262,5223,92689.753.15$238,714
Feb 20262,2093,40163.503.75$153,026
Jan 20262,7764,92059.138.00$203,495
Dec 20252,8354,46656.664.41$180,341
Nov 20253,3035,55858.593.93$215,346
Oct 20253,2995,38559.383.30$213,691
Sep 20253,3665,47162.743.08$228,017
Aug 20253,4995,74163.933.01$240,999
Jul 20253,6556,03766.743.32$263,949
Jun 20253,7025,23666.483.13$262,491
May 20253,6965,82060.553.23$242,605
Apr 20253,9435,66362.363.54$265,950
Mar 20254,3376,18067.704.27$319,993
Feb 20253,9875,12570.884.34$304,845
Jan 20254,7616,00074.324.28$379,510
Dec 20245,0946,49768.993.12$371,715
Nov 20245,0776,33269.052.20$364,487
Oct 20245,6166,45371.372.28$415,536
Sep 20245,9276,49069.612.36$427,923
Aug 20246,5644,91875.632.06$506,584
Jul 20247,6796,21379.932.15$627,119
Jun 20248,4238,14678.082.63$679,124
May 202410,3109,96678.812.20$834,441
Apr 202412,13210,50084.451.66$1,041,969
Mar 202414,9189,92880.301.55$1,213,255
Feb 202412,7816,90376.091.78$984,819
Jan 20246,1223,03073.023.30$457,020

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                2,435 bbl  × $ 98.93 =   $240,895
Casinghead gas     3,999 Mcf  × $  2.87 =    $11,476

────────────────────────────────────────────────────
Month total                                 $252,371

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/61343 is the state's own key, not one this site invented.