VIRGINIA

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 17518District 7CField 85279200OilCasinghead gasSave
Value, all time
$33.4 M
Jun 2011 – Jul 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
146
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition348,045 bbl$27,039,513
Casinghead gasProduction1,846,447 Mcf$6,361,350
Total$33,400,862

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 31.4127, -101.9918. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.41246, -101.99130 · 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%
5 of 5 wells
With a plug date
100.0%
5 of 5 wells
Median depth
11,200 ft
5 wells filed one
Completion to plug
9.3 years
median over 5 wells

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
5100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
5100.0%
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 10,700 and 11,335 ft, median 11,200 ft, over the 5 wells that filed a depth.

Completions filed
Jul 2011 – Oct 2014
5 of 5 wells
Plug dates filed
Sep 2018 – Jul 2022
5 of 5 wells

Last completion to plug: a median of 9.3 years across the 5 wells that filed both dates, with the middle half between 7.8 years and 10.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-46139559411010,700 ftOct 2014Jul 2022Yes
42-46138468410611,290 ftMar 2013Jul 2022Yes
42-461379784102R11,130 ftJul 2012Jul 2022Yes
42-46137526410511,200 ftOct 2011Jul 2022Yes
42-46137072410111,335 ftJul 2011Sep 2018Yes

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 (146)

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

146 months

Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
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 202235610104.226.84$37,171
Mar 202261826108.885.08$67,420
Feb 20224342691.054.86$39,642
Jan 2022312881.844.54$25,570
Dec 2021306771.323.90$21,851
Nov 2021210377.435.24$16,276
Oct 20210079.795.71$0
Sep 2021175069.865.35$12,226
Aug 2021332066.024.22$21,919
Jul 20212070.783.98$142
Jun 20211642269.493.38$11,471
May 20210063.483.02$0
Apr 2021036760.362.76$1,012
Mar 202153774561.302.72$34,942
Feb 20213652,52957.805.55$35,128
Jan 20213793,51950.412.81$28,995
Dec 20207833,36344.642.68$43,951
Nov 20206714,26838.772.71$37,566
Oct 20207345,04136.972.48$39,630
Sep 20201,0426,68437.091.99$51,956
Aug 20206846,47439.982.39$42,787
Jul 20209955,47238.371.83$48,165
Jun 20201,5205,36534.901.69$62,117
May 202004,71716.921.81$8,560
Apr 20201,1194,55614.751.80$24,726
Mar 20201,1176,28330.341.86$45,552
Feb 20201,0935,93149.881.98$66,266
Jan 20206987,09457.252.09$54,821
Dec 20191,4087,96459.012.30$101,438
Nov 20191,0866,69255.302.75$78,463
Oct 20191,0776,90353.472.42$74,282
Sep 20191,0777,09355.052.66$78,137
Aug 20197046,18153.112.30$51,633
Jul 20191,3086,21256.272.46$88,883
Jun 20197244,77852.782.49$50,116
May 20191,0816,66658.482.74$81,484
Apr 20191,1416,48962.632.75$89,310
Mar 20191,1428,14556.803.06$89,806
Feb 20198196,91750.852.79$60,960
Jan 20191,2367,99446.033.23$82,699
Dec 20181,2157,88246.594.19$89,596
Nov 20181,1808,00552.934.24$96,377
Oct 20187948,10761.443.40$76,332
Sep 20181,1258,06559.543.11$92,049
Aug 20181,2139,00059.403.07$99,651
Jul 20181,4839,86165.142.93$125,514
Jun 20181,1439,53660.183.08$98,127
May 20181,2009,41165.382.90$105,755
Apr 20181,2328,15863.842.90$102,316
Mar 20181,1677,91061.222.79$93,488
Feb 20187885,80961.782.77$64,751
Jan 20181,2216,03662.874.01$100,965
Dec 20171,2666,13257.272.92$90,419
Nov 20171,1988,60455.423.12$93,224
Oct 20171,0868,34849.292.98$78,437
Sep 20171,1196,06547.523.09$71,899
Aug 20179597,10545.373.00$64,856
Jul 20179506,76043.873.09$62,547
Jun 20176617,32942.493.09$50,713
May 20171,2469,04645.373.26$86,052
Apr 20171,7009,44647.933.21$111,818
Mar 20177048,69346.772.98$58,863
Feb 20171,1068,23950.452.95$80,124
Jan 20171,5619,98249.413.42$111,255
Dec 20161,98310,11048.763.72$134,329
Nov 20161,48711,00842.492.64$92,292
Oct 20161,70411,20146.193.09$113,322
Sep 20161,82210,93841.553.10$109,619
Aug 20162,08414,01241.442.92$127,337
Jul 20161,76013,97841.622.92$114,128
Jun 20161,49113,93345.352.69$105,039
May 20161,95214,74242.521.99$112,351
Apr 20162,03514,58136.561.99$103,431
Mar 20162,39715,35333.011.79$106,668
Feb 20161,95414,60726.472.06$81,866
Jan 20162,40016,68727.352.36$105,094
Dec 20152,46817,26532.362.00$114,419
Nov 20152,45317,55938.792.17$133,208
Oct 20152,73918,45843.552.43$164,073
Sep 20152,54618,60742.992.76$160,778
Aug 20151,89817,44340.162.87$126,329
Jul 20152,46020,91848.152.95$180,054
Jun 20152,66421,81556.152.88$212,473
May 20152,96624,40655.212.96$235,884
Apr 20153,08025,85749.822.71$223,429
Mar 20153,60926,67742.892.93$233,079
Feb 20153,49025,23444.662.98$230,965
Jan 20154,45530,93043.433.10$289,383
Dec 20146,39935,28054.693.59$476,664
Nov 20146,40134,43270.464.25$597,414
Oct 20144,63633,95978.303.90$495,472
Sep 20142,14728,22886.164.05$299,180
Aug 20143,26039,89489.394.04$452,388
Jul 20143,24244,67196.564.18$499,754
Jun 20144,02639,33598.164.74$581,517
May 20145,23740,35994.734.73$686,860
Apr 20146,22240,76195.944.81$792,963
Mar 20141,87819,31995.895.06$277,774
Feb 20144,18931,00297.406.19$599,973
Jan 20147,59844,34990.404.86$902,427
Dec 20132,77645,70591.824.35$453,914
Nov 20136,86148,70688.853.74$791,677
Oct 20136,14935,47497.423.78$733,105
Sep 20135,64741,143104.113.72$740,868
Aug 20138,82342,374104.253.52$1,069,065
Jul 201312,73366,629102.523.72$1,553,096
Jun 201310,96243,53794.403.93$1,206,062
May 20139,91828,86694.834.15$1,060,291
Apr 201318,88234,87293.964.28$1,923,495
Mar 201312,77223,04893.623.91$1,285,898
Feb 20134,1069,35491.233.42$406,580
Jan 20131,9867,35691.603.42$207,074
Dec 20122,3767,77686.773.42$232,761
Nov 20123,5848,15486.953.62$341,187
Oct 20124,6788,33689.383.40$446,459
Sep 20127,07211,15394.672.92$702,055
Aug 20127,61714,34892.662.91$747,518
Jul 20128,61416,55385.133.02$783,313
Jun 20129,34519,29579.822.52$794,523
May 20123,29411,49691.612.49$330,369
Apr 20122,31614,135101.652.00$263,646
Mar 20123,83422,300105.052.22$452,314
Feb 20123,44113,080101.102.57$381,504
Jan 20124,77416,60698.092.73$513,684
Dec 20115,52617,71996.873.24$592,709
Nov 20115,69917,27795.723.31$602,717
Oct 20115,6237,18984.983.65$504,072
Sep 20117391,19183.623.99$66,542
Aug 201101,42083.404.15$5,892
Jul 201104,86694.144.52$21,981
Jun 2011050892.904.64$2,357

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 2022 — as filed, then multipliedworked
Oil                  356 bbl  × $104.22 =    $37,102
Casinghead gas        10 Mcf  × $  6.84 =        $68

────────────────────────────────────────────────────
Month total                                  $37,171

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/17518 is the state's own key, not one this site invented.