TROLL UNIT A 08-04

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 63021District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$25.5 M
Jan 2025 – May 2026
Value, last 12 filed months
$14.0 M
at the published price for each month
Months reported
17
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
OilDisposition371,558 bbl$24,458,624
Casinghead gasProduction295,275 Mcf$1,079,792
Total$25,538,416

Every month this lease reported (17)

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

17 months

May 202600106.413.05$0
Apr 202612,44018,28298.932.87$1,283,153
Mar 202612,90117,32189.753.15$1,212,416
Feb 202613,67415,77263.503.75$927,449
Jan 202610,22012,72859.138.00$706,106
Dec 202514,41817,67356.664.41$894,921
Nov 202516,14618,23458.593.93$1,017,589
Oct 202516,87317,76759.383.30$1,060,636
Sep 202519,55821,18962.743.08$1,292,266
Aug 202523,32923,38963.933.01$1,561,935
Jul 202527,08625,84966.743.32$1,893,414
Jun 202531,78626,53266.483.13$2,196,144
May 202543,89627,86660.553.23$2,747,975
Apr 202553,25022,73662.363.54$3,401,226
Mar 202553,72220,33667.704.27$3,723,780
Feb 202522,2569,59470.884.34$1,619,151
Jan 20253774.324.28$253

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               12,440 bbl  × $ 98.93 = $1,230,689
Casinghead gas    18,282 Mcf  × $  2.87 =    $52,464

────────────────────────────────────────────────────
Month total                               $1,283,153

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/63021 is the state's own key, not one this site invented.