REED, D. C.

Operated by VENCER ENERGY, LLC (P-5 884498) 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 8487District 08Field 85280300NGPA filingOilCasinghead gasSaveExport
Value, all time
$8.7 M
Jan 1993 – Apr 2022
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
352
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.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition190,870 bbl$7,394,233
Casinghead gasProduction459,636 Mcf$1,336,132
Total$8,730,365

148,099 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (4)

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 31.7734, -101.7211. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.77338, -101.72104 · 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
100.0%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
8,515 ft
4 wells filed one
Completion to plug
33.0 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 7,848 and 9,200 ft, median 8,515 ft, over the 4 wells that filed a depth.

Completions filed
Dec 1979 – Jul 1982
2 of 4 wells; 2 filed none
Plug dates filed
Jan 2007 – Jun 2021
4 of 4 wells

Last completion to plug: a median of 33.0 years across the 2 wells that filed both dates, with the middle half between 30.1 years and 36.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-1730042319,200 ftApr 2018Yes
42-1730042427,848 ftJul 2016Yes
42-1733100638,500 ftJul 1982Jun 2021Yes
42-1733102548,530 ftDec 1979Jan 2007Yes

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 (352)

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

352 months

Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202234081.844.54$2,783
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 2017149057.272.92$8,533
Nov 2017179055.423.12$9,920
Oct 2017180049.292.98$8,872
Sep 20170047.523.09$0
Aug 201717911445.373.00$8,464
Jul 201701843.873.09$56
Jun 20171788242.493.09$7,816
May 201717910245.373.26$8,454
Apr 2017011247.933.21$360
Mar 201735913446.772.98$17,190
Feb 201717912150.452.95$9,388
Jan 2017013449.413.42$458
Dec 201616913448.763.72$8,739
Nov 2016010442.492.64$275
Oct 2016012546.193.09$386
Sep 2016013041.553.10$403
Aug 201616713441.442.92$7,312
Jul 201616613441.622.92$7,301
Jun 201617713045.352.69$8,376
May 201633913442.521.99$14,681
Apr 201616713036.561.99$6,364
Mar 201618213433.011.79$6,248
Feb 201633921026.472.06$9,407
Jan 201617728927.352.36$5,524
Dec 201518228932.362.00$6,468
Nov 201533128038.792.17$13,446
Oct 201535229143.552.43$16,036
Sep 201524426542.992.76$11,221
Aug 201551713440.162.87$21,148
Jul 201552824348.152.95$26,139
Jun 201570520656.152.88$40,180
May 20153471155.212.96$19,190
Apr 20153595649.822.71$18,037
Mar 201506142.892.93$179
Feb 201503244.662.98$95
Jan 201517412043.433.10$7,929
Dec 201418124654.693.59$10,782
Nov 20141794170.464.25$12,787
Oct 201432914878.303.90$26,338
Sep 201435815386.164.05$31,464
Aug 20141503289.394.04$13,538
Jul 201452435096.564.18$52,060
Jun 20141367598.164.74$13,705
May 201402994.734.73$137
Apr 201454820395.944.81$53,551
Mar 20145605395.895.06$53,966
Feb 20145172097.406.19$50,480
Jan 201436419690.404.86$33,858
Dec 201373030191.824.35$68,339
Nov 2013037288.853.74$1,391
Oct 201318045697.423.78$19,259
Sep 2013175475104.113.72$19,985
Aug 2013338480104.253.52$36,927
Jul 2013185524102.523.72$20,914
Jun 201336750994.403.93$36,647
May 201318136094.834.15$18,658
Apr 201318222793.964.28$18,073
Mar 201336425693.623.91$35,079
Feb 201318030391.233.42$17,458
Jan 201335934491.603.42$34,061
Dec 201218635386.773.42$17,347
Nov 201237047586.953.62$33,893
Oct 201237347689.383.40$34,957
Sep 201218446294.672.92$18,768
Aug 201236648292.662.91$35,315
Jul 201217736185.133.02$16,159
Jun 2012015479.822.52$388
May 201236124491.612.49$33,678
Apr 2012187238101.652.00$19,484
Mar 2012550332105.052.22$58,515
Feb 20120260101.102.57$668
Jan 201218129998.092.73$18,572
Dec 201118528896.873.24$18,854
Nov 201136538195.723.31$36,199
Oct 201117837184.983.65$16,480
Sep 201135653083.623.99$31,881
Aug 201133347883.404.15$29,756
Jul 201133857194.144.52$34,399
Jun 201117461092.904.64$18,995
May 201154071898.134.40$56,153
Apr 2011543714105.964.33$60,630
Mar 201133380496.364.06$35,350
Feb 201135364785.644.18$32,935
Jan 201151273486.504.59$47,656
Dec 201070681685.734.35$64,073
Nov 201012659380.843.80$12,436
Oct 201035656078.103.51$29,769
Sep 201035771472.633.98$28,770
Aug 201052978273.684.42$42,433
Jul 201053664672.554.74$41,947
Jun 201017878770.364.91$16,389
May 201053178971.124.24$41,106
Apr 201034662381.694.12$30,833
Mar 201071788678.394.39$60,094
Feb 201035875073.585.44$30,423
Jan 201050675574.365.96$42,129
Dec 200970971471.445.48$54,566
Nov 200936379674.593.75$30,062
Oct 200935983072.544.11$29,453
Sep 200972382165.543.06$49,902
Aug 200953596267.423.22$39,166
Jul 20095331,02561.133.46$36,133
Jun 20097161,11366.163.90$51,706
May 200970081754.743.93$41,525
Apr 200918125346.773.59$9,373
Mar 200936123642.144.06$16,170
Feb 200937213732.814.63$12,840
Jan 200972840435.865.37$28,276
Dec 200854351937.105.98$23,247
Nov 200873665955.496.86$45,362
Oct 200853674175.246.92$45,458
Sep 2008891723101.767.88$96,363
Aug 2008541968114.228.48$70,005
Jul 2008727975131.0811.39$106,400
Jun 2008711898131.3313.03$105,079
May 2008890956123.1711.57$120,686
Apr 2008697960110.3110.45$86,923
Mar 2008711859101.909.66$80,752
Feb 200887779392.538.77$88,104
Jan 200889584290.388.21$87,799
Dec 200770375488.337.30$67,602
Nov 200788775791.677.29$86,831
Oct 200788383582.856.92$78,936
Sep 200789182875.846.24$72,744
Aug 20071,04989269.066.39$78,142
Jul 20071,07391870.906.39$81,940
Jun 20071,06593962.007.55$73,118
May 20071,07492558.747.85$70,345
Apr 200789984559.617.81$60,185
Mar 20071,60594256.927.30$98,235
Feb 20071,26773155.108.22$75,818
Jan 200772873250.306.73$41,542
Dec 200671373256.656.92$45,456
Nov 200653459854.207.62$33,498
Oct 200652883454.906.01$34,003
Sep 200649678560.085.04$33,754
Aug 200672491568.717.34$56,462
Jul 200689290669.376.34$67,625
Jun 200617786766.286.38$17,266
May 2006368066.016.42$24,292
Apr 200671898664.397.36$53,489
Mar 200636193456.707.08$27,084
Feb 200654496757.597.75$38,824
Jan 200636385360.598.93$29,614
Dec 200536176254.9413.42$30,056
Nov 200536391954.6910.59$29,583
Oct 20053611,05758.3413.80$35,643
Sep 20055371,02761.4512.08$45,404
Aug 200535190561.519.80$30,456
Jul 20057061,08755.697.84$47,843
Jun 20053571,34852.337.38$28,631
May 20057091,23545.226.65$40,275
Apr 20053551,08349.207.36$25,437
Mar 20057301,09350.377.15$44,590
Feb 200553194645.226.31$29,983
Jan 20055311,03843.166.32$29,480
Dec 200471795939.866.75$35,054
Nov 200471997145.286.33$38,703
Oct 20045211,06649.706.52$32,839
Sep 200453894643.245.28$28,262
Aug 20047011,28442.375.55$36,828
Jul 20048691,59538.286.08$42,970
Jun 20045421,55336.106.43$29,557
May 20048852,03837.486.49$46,406
Apr 20047091,89834.475.86$35,559
Mar 20048802,15334.365.53$42,143
Feb 20049072,06432.455.51$40,804
Jan 20045171,84632.036.30$28,189
Dec 20039042,09530.266.30$40,557
Nov 20039062,12228.804.60$35,844
Oct 20037072,01028.174.76$29,483
Sep 20037242,31126.314.75$30,024
Aug 20037172,35529.765.13$33,418
Jul 20038692,38829.415.17$37,905
Jun 20037052,32628.565.98$34,051
May 20038482,43226.595.97$37,074
Apr 20035332,48526.675.41$27,652
Mar 20038712,19831.146.10$40,522
Feb 20037042,01133.487.93$39,509
Jan 20038732,22130.315.58$38,858
Dec 20027072,12826.914.85$29,354
Nov 20026932,16724.664.14$26,054
Oct 20026942,33826.464.23$28,251
Sep 20028712,36927.443.64$32,512
Aug 20026962,47025.963.16$25,884
Jul 20028652,50324.583.06$28,925
Jun 20026952,47323.733.34$24,748
May 20028652,56424.663.58$30,520
Apr 20028772,43823.653.51$29,304
Mar 20028872,39122.003.10$26,933
Feb 20021,0712,09918.222.38$24,500
Jan 20021,0492,49617.172.38$23,941
Dec 20011,5832,55616.932.36$32,844
Nov 20019012,05918.072.41$21,234
Oct 20019032,37919.782.53$23,878
Sep 20017182,46524.262.25$22,968
Aug 20018802,89524.873.05$30,725
Jul 20018962,66123.933.20$29,949
Jun 20018962,85324.563.82$32,916
May 20017272,87625.524.31$30,941
Apr 20018932,67424.685.34$36,306
Mar 20016902,50124.545.38$30,379
Feb 20016872,22127.755.77$31,873
Jan 20016822,43327.478.40$39,169
Dec 20008522,50526.889.12$45,754
Nov 20008532,60932.215.66$42,237
Oct 20008562,53231.235.15$39,761
Sep 20006822,59531.875.19$35,194
Aug 20008532,68829.644.54$37,488
Jul 20008482,71128.534.09$35,281
Jun 20006812,54429.304.40$31,140
May 20008522,68727.263.68$33,113
Apr 20008522,61524.513.12$29,031
Mar 20008532,61928.422.86$31,732
Feb 20006882,69327.622.73$26,345
Jan 20008552,65925.272.48$28,202
Dec 19991,0272,53624.282.42$31,082
Nov 19998612,55523.192.43$26,185
Oct 19991,0292,70920.982.80$29,184
Sep 19998582,70121.752.62$25,735
Aug 19991,2212,84619.262.88$31,700
Jul 19999492,80917.892.37$23,642
Jun 19998732,44415.942.36$19,689
May 19991,0712,79515.792.32$23,398
Apr 19991,2262,65415.102.21$24,373
Mar 19991,0712,57212.471.84$18,084
Feb 19991,1632,2409.981.82$15,679
Jan 19991,2132,51910.381.90$17,377
Dec 19981,2662,5689.201.77$16,201
Nov 19981,2022,42510.892.19$18,390
Oct 19981,2532,61912.421.97$20,720
Sep 19981,0572,63812.592.08$18,802
Aug 19981,0182,72611.301.91$16,703
Jul 19981,3432,74011.742.24$21,897
Jun 19981,0822,69411.242.24$18,189
May 19985402,67112.622.21$12,708
Apr 19981,0962,66213.042.51$20,961
Mar 19987282,68912.802.31$15,528
Feb 19988712,28113.952.30$17,395
Jan 19981,0302,31814.702.15$20,136
Dec 19976912,37616.322.41$17,006
Nov 19976822,47318.193.09$20,043
Oct 19978482,76919.253.15$25,046
Sep 19976902,75317.742.95$20,375
Aug 19976962,88917.862.55$19,811
Jul 19977033,03417.582.25$19,176
Jun 19971,0832,92517.242.26$25,273
May 19973602,94918.972.31$13,637
Apr 19978962,81717.882.08$21,888
Mar 19977102,76018.951.94$18,807
Feb 19977162,54520.492.21$20,285
Jan 19978832,63823.483.54$30,071
Dec 19966922,78923.32$16,137
Nov 19968892,82521.97$19,531
Oct 19968943,36123.31$20,839
Sep 19967252,97522.22$16,110
Aug 19968753,17420.26$17,728
Jul 19967063,22219.55$13,802
Jun 19968563,01118.73$16,033
May 19967003,02819.43$13,601
Apr 19968672,86221.51$18,649
Mar 19967312,81419.38$14,167
Feb 19968842,67516.98$15,010
Jan 19969092,86817.07$15,517
Dec 19951,0762,88417.19$18,496
Nov 19957232,85116.00$11,568
Oct 19958913,01415.43$13,748
Sep 19958993,10716.18$14,546
Aug 19959063,17115.92$14,424
Jul 19958833,30115.24$13,457
Jun 19959033,12316.41$14,818
May 19957283,28617.56$12,784
Apr 19958923,05117.73$15,815
Mar 19959103,14216.44$14,960
Feb 19959042,77316.58$14,988
Jan 19959152,91915.92$14,567
Dec 19949142,99015.03$13,737
Nov 19949183,05815.90$14,596
Oct 19949073,23515.58$14,131
Sep 19949083,24815.29$13,883
Aug 19941,0543,40516.13$17,001
Jul 19946833,40317.56$11,993
Jun 19949423,24517.09$16,099
May 19941,0793,25515.88$17,135
Apr 19941,0703,15314.14$15,130
Mar 19941,0863,01012.46$13,532
Feb 19945432,77012.50$6,788
Jan 19941,0803,06512.66$13,673
Dec 19939513,23012.33$11,726
Nov 19936522,67414.49$9,447
Oct 19931,0873,19815.85$17,229
Sep 19938983,16815.03$13,497
Aug 19938933,40715.66$13,984
Jul 19938923,34915.46$13,790
Jun 19938883,27216.79$14,910
May 19931,0723,36517.68$18,953
Apr 19939023,27118.05$16,281
Mar 19938953,24918.14$16,235
Feb 19931,0842,79717.90$19,404
Jan 19939063,05616.93$15,339

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.

Jan 2022 — as filed, then multipliedworked
Oil                   34 bbl  × $ 81.84 =     $2,783
Casinghead gas         0 Mcf  × $  4.54 =         $0

────────────────────────────────────────────────────
Month total                                   $2,783

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/8487 is the state's own key, not one this site invented.