CUTLASS 12-13 B

Operated by DIAMONDBACK E&P LLC (P-5 217012) 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 62432District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$13.5 M
Oct 2024 – May 2026
Value, last 12 filed months
$5.4 M
at the published price for each month
Months reported
20
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
OilDisposition171,118 bbl$11,928,721
Casinghead gasProduction432,060 Mcf$1,548,076
Total$13,476,797

Wells on this lease (2)

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 32.1102, -101.6396. A lease has no coordinate of its own — that point is the mean of its wells, and they span 56.2 miles, so treat it as the lease's centre and not as its location.

32.11018, -101.63963 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
8,310 ft
2 wells filed one
Completion to plug
34.9 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 7,969 and 8,650 ft, median 8,310 ft, over the 2 wells that filed a depth.

Completions filed
Mar 1979 – Oct 2024
2 of 2 wells
Plug dates filed
Feb 2014
1 of 2 wells; 1 filed none

Last completion to plug: a median of 34.9 years across the 1 well that filed both dates, with the middle half between 34.9 years and 34.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-173390972WA7,969 ftOct 2024
42-3173205918,650 ftMar 1979Feb 2014Yes

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 (20)

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

20 months

May 20266,10216,899106.413.05$700,785
Apr 20265,11914,09198.932.87$546,860
Mar 20265,01215,25789.753.15$497,878
Feb 20264,21714,84063.503.75$323,434
Jan 20264,28010,92759.138.00$340,470
Dec 20255,01913,27356.664.41$342,955
Nov 20255,47110,01058.593.93$359,850
Oct 20255,68813,10359.383.30$381,057
Sep 20255,14324,57962.743.08$398,299
Aug 20255,86719,48863.933.01$433,829
Jul 20256,13025,35366.743.32$493,166
Jun 20257,49325,17466.483.13$576,897
May 20258,99941,66260.553.23$679,554
Apr 20259,75428,78262.363.54$710,238
Mar 202513,42534,51367.704.27$1,056,185
Feb 202513,85532,04770.884.34$1,121,153
Jan 202518,60035,81474.324.28$1,535,589
Dec 202419,69628,72868.993.12$1,448,498
Nov 202420,29624,91769.052.20$1,456,217
Oct 20249522,60371.372.28$73,883

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                6,102 bbl  × $106.41 =   $649,314
Casinghead gas    16,899 Mcf  × $  3.05 =    $51,472

────────────────────────────────────────────────────
Month total                                 $700,785

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/62432 is the state's own key, not one this site invented.