NEAL "98-B"

Operated by SUMMIT PETROLEUM LLC (P-5 829221) 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 17338District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$9.6 M
Nov 2010 – Nov 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
145
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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered
1904-12-31
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 2016-03-08.

The Commission's schedule remark for this field reads: AREA) 85279200.

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
OilDisposition104,812 bbl$7,629,145
Casinghead gasProduction602,474 Mcf$1,969,274
Total$9,598,419

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 31.4639, -102.1369. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.46386, -102.13689 · 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
10,610 ft
4 wells filed one
Completion to plug
10.9 years
median over 4 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 10,327 and 10,777 ft, median 10,610 ft, over the 4 wells that filed a depth.

Completions filed
Nov 2010 – Aug 2012
4 of 4 wells
Plug dates filed
Sep 2022
4 of 4 wells

Last completion to plug: a median of 10.9 years across the 4 wells that filed both dates, with the middle half between 10.5 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-46137655410,327 ftAug 2012Sep 2022Yes
42-46137636310,709 ftJan 2012Sep 2022Yes
42-46137133210,777 ftAug 2011Sep 2022Yes
42-46136803110,510 ftNov 2010Sep 2022Yes

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 (145)

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

145 months

Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 202117213269.865.35$12,722
Aug 20215372,91566.024.22$47,756
Jul 20213703,28070.783.98$39,250
Jun 20213643,12869.493.38$35,869
May 20213643,32263.483.02$33,131
Apr 20215453,25660.362.76$41,878
Mar 20215433,51361.302.72$42,831
Feb 20213623,14357.805.55$38,361
Jan 20213532,47550.412.81$24,750
Dec 20207323,04044.642.68$40,810
Nov 20203643,15738.772.71$22,657
Oct 20203643,22736.972.48$21,455
Sep 20205403,03937.091.99$26,079
Aug 20205383,19639.982.39$29,132
Jul 20205383,10938.371.83$26,317
Jun 20203582,25234.901.69$16,301
May 2020081916.921.81$1,486
Apr 20203802,56514.751.80$10,233
Mar 20203633,10830.341.86$16,783
Feb 20205623,14149.881.98$34,254
Jan 20207483,39757.252.09$49,939
Dec 20193723,23659.012.30$29,409
Nov 20195272,79455.302.75$36,829
Oct 20193613,53053.472.42$27,840
Sep 20193653,18155.052.66$28,546
Aug 2019074853.112.30$1,724
Jul 20193372,12156.272.46$24,181
Jun 20196773,06152.782.49$43,358
May 201904,11158.482.74$11,265
Apr 20197203,40262.632.75$54,451
Mar 20195373,81556.803.06$42,184
Feb 20195373,25750.852.79$36,401
Jan 20193594,03246.033.23$29,541
Dec 20185513,78146.594.19$41,496
Nov 20185573,95952.934.24$46,257
Oct 20181693,70761.443.40$22,980
Sep 20185393,61659.543.11$43,331
Aug 20187113,88459.403.07$54,144
Jul 20183594,19465.142.93$35,682
Jun 20183564,16760.183.08$34,246
May 20181,0333,56865.382.90$77,888
Apr 20183453,74663.842.90$32,891
Mar 20183514,03661.222.79$32,736
Feb 20188623,57761.782.77$63,149
Jan 20185333,33762.874.01$46,889
Dec 20175403,41757.272.92$40,909
Nov 20179213,93055.423.12$63,297
Oct 20177044,10649.292.98$46,951
Sep 20171,0414,30847.523.09$62,768
Aug 20173473,87345.373.00$27,379
Jul 20177114,20943.873.09$44,186
Jun 20173534,03842.493.09$27,465
May 20175214,29345.373.26$37,648
Apr 20176794,36947.933.21$46,576
Mar 20175293,83346.772.98$36,178
Feb 20175264,16750.452.95$38,840
Jan 20177124,28349.413.42$49,823
Dec 20165244,21048.763.72$41,223
Nov 20167064,74242.492.64$42,537
Oct 20165315,22746.193.09$40,680
Sep 20167015,24441.553.10$45,386
Aug 20168765,38441.442.92$52,046
Jul 20165125,55541.622.92$37,554
Jun 20166965,21445.352.69$45,568
May 20166965,17942.521.99$39,906
Apr 20166835,10136.561.99$35,127
Mar 20161,0454,75833.011.79$43,031
Feb 20166924,10326.472.06$26,784
Jan 20168754,88927.352.36$35,491
Dec 20151,3865,01632.362.00$54,890
Nov 20151,0575,17038.792.17$52,206
Oct 20156834,66043.552.43$41,053
Sep 20156874,74942.992.76$42,634
Aug 20158604,75940.162.87$48,208
Jul 20151,0394,89848.152.95$64,453
Jun 20158595,64556.152.88$64,507
May 20156844,44655.212.96$50,904
Apr 20151,2055,00049.822.71$73,566
Mar 20156883,94442.892.93$41,083
Feb 20153383,66244.662.98$25,994
Jan 20156763,67843.433.10$40,763
Dec 20143553,85954.693.59$33,274
Nov 20141,0595,12770.464.25$96,416
Oct 20141,0686,03478.303.90$107,163
Sep 20141,2356,17786.164.05$131,396
Aug 20148505,14789.394.04$96,750
Jul 20146985,32096.564.18$89,634
Jun 20147005,59898.164.74$95,229
May 20149596,85794.734.73$123,256
Apr 20141,2286,49695.944.81$149,054
Mar 20145446,42195.895.06$84,634
Feb 20141,0805,84597.406.19$141,384
Jan 20141,0886,58090.404.86$130,339
Dec 20139167,24591.824.35$115,655
Nov 20131,4377,30588.853.74$154,986
Oct 20131,0736,78097.423.78$130,156
Sep 20138965,822104.113.72$114,927
Aug 20139076,531104.253.52$117,561
Jul 20131,4417,459102.523.72$175,462
Jun 20139255,81494.403.93$110,189
May 20131,4007,19094.834.15$162,594
Apr 20131,2507,12793.964.28$147,972
Mar 20131,8058,00093.623.91$200,287
Feb 20139096,12991.233.42$103,889
Jan 20131,8137,24491.603.42$190,845
Dec 20121,0685,84586.773.42$112,661
Nov 20121,6187,49286.953.62$167,843
Oct 20121,9428,59089.383.40$202,779
Sep 20121,7349,36394.672.92$191,483
Aug 20122,4497,46692.662.91$248,637
Jul 20127076,08085.133.02$78,553
Jun 20127035,16679.822.52$69,127
May 20121,5887,27091.612.49$163,567
Apr 20121,4067,888101.652.00$158,671
Mar 20121,9508,666105.052.22$224,104
Feb 20121,9709,657101.102.57$223,988
Jan 20122,8127,97898.092.73$297,642
Dec 20111,2455,56596.873.24$138,632
Nov 20111,4046,07795.723.31$154,514
Oct 20111,8718,24684.983.65$189,083
Sep 20112,4232,90183.623.99$214,174
Aug 20113451,99083.404.15$37,030
Jul 20113472,18494.144.52$42,532
Jun 20111731,66892.904.64$23,811
May 20113462,64198.134.40$45,586
Apr 20117063,733105.964.33$90,984
Mar 20115292,59296.364.06$61,491
Feb 20113473,01485.644.18$42,316
Jan 20115181,73786.504.59$52,778
Dec 20101,3805,50385.734.35$142,233
Nov 20101,0574,92280.843.80$104,128

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.

Sep 2021 — as filed, then multipliedworked
Oil                  172 bbl  × $ 69.86 =    $12,016
Casinghead gas       132 Mcf  × $  5.35 =       $706

────────────────────────────────────────────────────
Month total                                  $12,722

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. 7C/O/17338 is the state's own key, not one this site invented.