SPEAR

Operated by WALLACE OPERATING COMPANY LLC (P-5 102713) in the STEPHENS COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27576District 7BField 85948001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$7.3 M
Jun 1995 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
372
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 1,255 leases and 4,008 wells, and the rule below applies to all of them.

Discovered
1916-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: CLASS 4 W/DAILY 150 = 6000 TO 8000'

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
OilDisposition166,623 bbl$7,174,947
Casinghead gasProduction19,207 Mcf$75,605
Total$7,250,553

2,065 Mcf of this lease's gas, across 3 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 (5)

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 32.8625, -98.7872. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.86187, -98.78638 · 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
0.0%
0 of 5 wells
With a plug date
20.0%
1 of 5 wells
Median depth
3,390 ft
5 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
120.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
480.0%

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 3,335 and 3,400 ft, median 3,390 ft, over the 5 wells that filed a depth.

Completions filed
Jun 1995 – Jul 2011
5 of 5 wells
Plug dates filed
Oct 1986
1 of 5 wells; 4 filed none

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-4293663273,390 ftJul 2011
42-4293559853,371 ftNov 1996
42-4293559443,400 ftOct 1996
42-429326372WI3,335 ftAug 1995Oct 1986
42-4293552333,395 ftJun 1995

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 (372)

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

372 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 2024169069.052.20$11,669
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024105080.301.55$8,432
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 2023158085.443.09$13,500
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202369078.122.24$5,390
Mar 202362072.852.39$4,517
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 2022182085.005.65$15,470
Oct 2022164087.185.86$14,298
Sep 202286084.888.16$7,300
Aug 2022161094.529.13$15,218
Jul 20223140101.587.54$31,896
Jun 2022200115.097.98$2,302
May 20221600109.378.43$17,499
Apr 20221630104.226.84$16,988
Mar 20221810108.885.08$19,707
Feb 2022183091.054.86$16,662
Jan 2022175081.844.54$14,322
Dec 2021169071.323.90$12,053
Nov 2021177077.435.24$13,705
Oct 2021182079.795.71$14,522
Sep 2021162069.865.35$11,317
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 202173060.362.76$4,406
Mar 20210061.302.72$0
Feb 2021178057.805.55$10,288
Jan 20210050.412.81$0
Dec 2020343044.642.68$15,312
Nov 20200038.772.71$0
Oct 2020181036.972.48$6,692
Sep 2020169037.091.99$6,268
Aug 2020177039.982.39$7,076
Jul 2020172038.371.83$6,600
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020250014.751.80$3,688
Mar 2020181030.341.86$5,492
Feb 20200049.881.98$0
Jan 2020343057.252.09$19,637
Dec 20190059.012.30$0
Nov 2019184055.302.75$10,175
Oct 2019174053.472.42$9,304
Sep 2019180055.052.66$9,909
Aug 2019171053.112.30$9,082
Jul 2019173056.272.46$9,735
Jun 2019176052.782.49$9,289
May 20190058.482.74$0
Apr 2019363062.632.75$22,735
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019165046.033.23$7,595
Dec 20180046.594.19$0
Nov 2018185052.934.24$9,792
Oct 2018159061.443.40$9,769
Sep 2018148059.543.11$8,812
Aug 2018166059.403.07$9,860
Jul 2018175065.142.93$11,400
Jun 20180060.183.08$0
May 2018151065.382.90$9,872
Apr 2018309063.842.90$19,727
Mar 2018162061.222.79$9,918
Feb 2018167061.782.77$10,317
Jan 20180062.874.01$0
Dec 2017154057.272.92$8,820
Nov 2017156055.423.12$8,646
Oct 2017167049.292.98$8,231
Sep 2017150047.523.09$7,128
Aug 2017153045.373.00$6,942
Jul 2017159043.873.09$6,975
Jun 2017170042.493.09$7,223
May 2017156045.373.26$7,078
Apr 2017179047.933.21$8,579
Mar 2017171046.772.98$7,998
Feb 2017150050.452.95$7,568
Jan 2017155049.413.42$7,659
Dec 2016159048.763.72$7,753
Nov 2016165042.492.64$7,011
Oct 2016151046.193.09$6,975
Sep 2016167041.553.10$6,939
Aug 2016159041.442.92$6,589
Jul 2016146041.622.92$6,077
Jun 20160045.352.69$0
May 2016154042.521.99$6,548
Apr 20160036.561.99$0
Mar 2016159033.011.79$5,249
Feb 2016160026.472.06$4,235
Jan 2016156027.352.36$4,267
Dec 2015165032.362.00$5,339
Nov 2015168038.792.17$6,517
Oct 2015160043.552.43$6,968
Sep 2015180042.992.76$7,738
Aug 2015150040.162.87$6,024
Jul 2015169048.152.95$8,137
Jun 2015342056.152.88$19,203
May 2015334055.212.96$18,440
Apr 2015151049.822.71$7,523
Mar 2015339042.892.93$14,540
Feb 2015345044.662.98$15,408
Jan 2015149043.433.10$6,471
Dec 2014272054.693.59$14,876
Nov 2014166070.464.25$11,696
Oct 2014358078.303.90$28,031
Sep 2014176086.164.05$15,164
Aug 2014174089.394.04$15,554
Jul 2014172096.564.18$16,608
Jun 2014274098.164.74$26,896
May 2014429094.734.73$40,639
Apr 2014353095.944.81$33,867
Mar 2014648095.895.06$62,137
Feb 2014359097.406.19$34,967
Jan 2014362090.404.86$32,725
Dec 2013360091.824.35$33,055
Nov 2013521088.853.74$46,291
Oct 2013522097.423.78$50,853
Sep 20131800104.113.72$18,740
Aug 20135280104.253.52$55,044
Jul 20131950102.523.72$19,991
Jun 2013512094.403.93$48,333
May 2013357094.834.15$33,854
Apr 2013533093.964.28$50,081
Mar 2013359093.623.91$33,610
Feb 2013182091.233.42$16,604
Jan 2013363091.603.42$33,251
Dec 2012717086.773.42$62,214
Nov 2012345086.953.62$29,998
Oct 2012357089.383.40$31,909
Sep 2012529094.672.92$50,080
Aug 2012356092.662.91$32,987
Jul 2012525085.133.02$44,693
Jun 2012349079.822.52$27,857
May 2012529091.612.49$48,462
Apr 20125310101.652.00$53,976
Mar 20125440105.052.22$57,147
Feb 20127140101.102.57$72,185
Jan 2012360098.092.73$35,312
Dec 2011359096.873.24$34,776
Nov 2011340095.723.31$32,545
Oct 2011175084.983.65$14,872
Sep 2011538083.623.99$44,988
Aug 2011519083.404.15$43,285
Jul 2011535094.144.52$50,365
Jun 2011348092.904.64$32,329
May 2011358098.134.40$35,131
Apr 20113520105.964.33$37,298
Mar 2011537096.364.06$51,745
Feb 2011528585.644.18$45,239
Jan 201136815786.504.59$32,552
Dec 201036017285.734.35$31,611
Nov 201036113080.843.80$29,677
Oct 20105379778.103.51$42,280
Sep 201035714672.633.98$26,510
Aug 201035510773.684.42$26,629
Jul 201035516272.554.74$26,523
Jun 20105278270.364.91$37,482
May 20103396271.124.24$24,372
Apr 20105326681.694.12$43,731
Mar 20103626078.394.39$28,641
Feb 20103646173.585.44$27,115
Jan 20105265474.365.96$39,435
Dec 20093637171.445.48$26,322
Nov 20095394974.593.75$40,388
Oct 20095314572.544.11$38,704
Sep 20093546465.543.06$23,397
Aug 20093505367.423.22$23,768
Jul 20095142961.133.46$31,521
Jun 20097092166.163.90$46,989
May 20095383754.743.93$29,595
Apr 20095423646.773.59$25,478
Mar 20093591842.144.06$15,201
Feb 20093611832.814.63$11,928
Jan 20095431135.865.37$19,531
Dec 20087291337.105.98$27,124
Nov 20081801255.496.86$10,071
Oct 20087111675.246.92$53,606
Sep 200853286101.767.88$54,814
Aug 200853121114.228.48$60,829
Jul 200853561131.0811.39$70,823
Jun 200853727131.3313.03$70,876
May 200852726123.1711.57$65,212
Apr 200835540110.3110.45$39,578
Mar 20085298101.909.66$53,982
Feb 20083614292.538.77$33,772
Jan 200854084690.388.21$55,747
Dec 200754414488.337.30$49,103
Nov 20075248291.677.29$48,633
Oct 200753412982.856.92$45,135
Sep 20075298675.846.24$40,656
Aug 20075344969.066.39$37,191
Jul 200735018270.906.39$25,978
Jun 20075339662.007.55$33,771
May 20075365658.747.85$31,924
Apr 20075403359.617.81$32,447
Mar 20075403456.927.30$30,985
Feb 20073624055.108.22$20,275
Jan 20075446650.306.73$27,807
Dec 20067326456.656.92$41,911
Nov 20065437254.207.62$29,979
Oct 200653312354.906.01$30,001
Sep 20063609460.085.04$22,102
Aug 200671011168.717.34$49,599
Jul 20063556669.376.34$25,045
Jun 20063393666.286.38$22,699
May 20065435066.016.42$36,165
Apr 20067125164.397.36$46,221
Mar 20063585956.707.08$20,716
Feb 20065368757.597.75$31,543
Jan 20065397460.598.93$33,319
Dec 20055405554.9413.42$30,405
Nov 20057226754.6910.59$40,196
Oct 20053226358.3413.80$19,655
Sep 20055326161.4512.08$33,428
Aug 20057108161.519.80$44,466
Jul 20051724955.697.84$9,963
Jun 20057067952.337.38$37,528
May 20055376445.226.65$24,709
Apr 20053628449.207.36$18,429
Mar 20057208050.377.15$36,839
Feb 20053578345.226.31$16,667
Jan 20055267143.166.32$23,151
Dec 20047237539.866.75$29,325
Nov 20043598745.286.33$16,806
Oct 20047178249.706.52$36,169
Sep 20043507143.245.28$15,509
Aug 20047127842.375.55$30,600
Jul 20047097938.286.08$27,621
Jun 20043476736.106.43$12,958
May 20047048337.486.49$26,925
Apr 20043556034.475.86$12,588
Mar 20045236334.365.53$18,319
Feb 20047106332.455.51$23,387
Jan 20045405432.036.30$17,636
Dec 20035355530.266.30$16,536
Nov 20037206128.804.60$21,016
Oct 20035287228.174.76$15,216
Sep 20037117226.314.75$19,048
Aug 20035347529.765.13$16,277
Jul 20037086029.415.17$21,133
Jun 20035363828.565.98$15,536
May 20037036526.595.97$19,081
Apr 20035356926.675.41$14,642
Mar 20037136731.146.10$22,611
Feb 20037315733.487.93$24,926
Jan 20035277930.315.58$16,414
Dec 20025345826.914.85$14,651
Nov 20027154624.664.14$17,822
Oct 20027084826.464.23$18,937
Sep 20027063127.443.64$19,485
Aug 20026953125.963.16$18,140
Jul 20028504824.583.06$21,040
Jun 20025183723.733.34$12,416
May 20025314824.663.58$13,266
Apr 20028842923.653.51$21,008
Mar 20027163322.003.10$15,854
Feb 20025404318.222.38$9,941
Jan 20027264217.172.38$12,565
Dec 20017208416.932.36$12,388
Nov 20017247718.072.41$13,268
Oct 20018826319.782.53$17,605
Sep 20018925924.262.25$21,773
Aug 20017074324.873.05$17,714
Jul 20017066123.933.20$17,090
Jun 20017065624.563.82$17,554
May 20011,0665825.524.31$27,454
Apr 20015325024.685.34$13,397
Mar 20017156624.545.38$17,901
Feb 20018886727.755.77$25,028
Jan 200172611327.478.40$20,892
Dec 20001,0879526.889.12$30,085
Nov 200072211232.215.66$23,889
Oct 20001,07811431.235.15$34,253
Sep 200053011531.875.19$17,488
Aug 20008888829.644.54$26,720
Jul 20008887728.534.09$25,650
Jun 20001,0456029.304.40$30,882
May 20008926927.263.68$24,570
Apr 20009008224.513.12$22,315
Mar 20008988928.422.86$25,776
Feb 20009058027.622.73$25,214
Jan 20001,0794825.272.48$27,385
Dec 19995415724.282.42$13,274
Nov 19991,0884523.192.43$25,340
Oct 19997207320.982.80$15,310
Sep 19991,0293021.752.62$22,459
Aug 19991,0651919.262.88$20,567
Jul 1999712717.892.37$12,754
Jun 19991,0713015.942.36$17,143
May 199972315015.792.32$11,764
Apr 199989969715.102.21$15,114
Mar 199954622812.471.84$7,228
Feb 1999899649.981.82$9,088
Jan 19993626310.381.90$3,877
Dec 19981,0881529.201.77$10,279
Nov 199872234210.892.19$8,610
Oct 19981,26321112.421.97$16,102
Sep 19981,07516212.592.08$13,872
Aug 19981,07220011.301.91$12,495
Jul 19981,07142111.742.24$13,515
Jun 199886922711.242.24$10,275
May 199888219212.622.21$11,554
Apr 19981,26717513.042.51$16,960
Mar 19981,07810812.802.31$14,048
Feb 19981,07017213.952.30$15,322
Jan 19981,24323014.702.15$18,768
Dec 19971,28315816.322.41$21,320
Nov 19971,08821918.193.09$20,467
Oct 19971,45824819.253.15$28,848
Sep 19971,26326517.742.95$23,189
Aug 19971,40628917.862.55$25,849
Jul 19971,44437917.582.25$26,237
Jun 19971,24231517.242.26$22,123
May 19971,26443818.972.31$24,989
Apr 19971,44522517.882.08$26,305
Mar 19971,64228318.951.94$31,665
Feb 19971,27321020.492.21$26,547
Jan 19972,03437423.483.54$49,082
Dec 19962,18943423.32$51,047
Nov 19961,66791321.97$36,624
Oct 19961,79171823.31$41,748
Sep 1996541022.22$12,021
Aug 1996540020.26$10,940
Jul 1996716019.55$13,998
Jun 1996541018.73$10,133
May 1996717019.43$13,931
Apr 1996540021.51$11,615
Mar 1996556019.38$10,775
Feb 1996743016.98$12,616
Jan 1996549017.07$9,371
Dec 1995727017.19$12,497
Nov 1995546016.00$8,736
Oct 1995723015.43$11,156
Sep 1995756016.18$12,232
Aug 1995917015.92$14,599
Jul 1995541015.24$8,245
Jun 1995683016.41$11,208

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.

Nov 2024 — as filed, then multipliedworked
Oil                  169 bbl  × $ 69.05 =    $11,669
Casinghead gas         0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                  $11,669

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. 7B/O/27576 is the state's own key, not one this site invented.