NEAL E UNIT 8

Operated by SAXUM OPCO, LLC (P-5 103699) 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 18509District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$14.5 M
Mar 2014 – May 2026
Value, last 12 filed months
$359 k
at the published price for each month
Months reported
147
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
OilDisposition204,538 bbl$12,854,486
Casinghead gasProduction481,468 Mcf$1,637,046
Total$14,491,532

Wells on this lease (1)

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 31.2696, -101.9314. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.26961, -101.93144 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,778 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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

The one well that filed a depth was drilled to 8,778 ft.

Completions filed
Mar 2014
1 of 1 wells

1 well

42-461389695H8,778 ftMar 2014

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 (147)

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

147 months

May 202628311,979106.413.05$66,600
Apr 202643565198.932.87$44,903
Mar 202634559389.753.15$32,831
Feb 202636530863.503.75$24,333
Jan 202631135059.138.00$21,189
Dec 202526126756.664.41$15,967
Nov 202538321858.593.93$23,296
Oct 202533640259.383.30$21,280
Sep 202537945362.743.08$25,172
Aug 202535740863.933.01$24,053
Jul 202544340866.743.32$30,918
Jun 202542114366.483.13$28,435
May 20251383860.553.23$8,479
Apr 202536313462.363.54$23,111
Mar 20254615567.704.27$31,444
Feb 20253393470.884.34$24,176
Jan 20253941674.324.28$29,351
Dec 20244621168.993.12$31,908
Nov 20242972069.052.20$20,552
Oct 20241131371.372.28$8,094
Sep 20243603269.612.36$25,135
Aug 20243143475.632.06$23,818
Jul 20243421679.932.15$27,370
Jun 20243897178.082.63$30,560
May 202436510778.812.20$29,001
Apr 202457523484.451.66$48,947
Mar 202438823880.301.55$31,524
Feb 202446017376.091.78$35,310
Jan 20244239473.023.30$31,197
Dec 20234994371.262.61$35,671
Nov 2023485377.892.81$37,785
Oct 20235492285.443.09$46,974
Sep 20236251789.042.74$55,697
Aug 2023535380.522.67$43,086
Jul 2023445374.852.64$33,316
Jun 2023402568.962.26$27,733
May 20232902370.622.23$20,531
Apr 202341719678.122.24$33,015
Mar 202341523172.852.39$30,786
Feb 202335127875.112.47$27,049
Jan 2023279076.533.39$21,352
Dec 2022369076.415.73$28,195
Nov 2022293085.005.65$24,905
Oct 2022374087.185.86$32,605
Sep 2022296084.888.16$25,124
Aug 2022167094.529.13$15,785
Jul 20224370101.587.54$44,390
Jun 2022366239115.097.98$44,029
May 20224860109.378.43$53,154
Apr 20224422104.226.84$46,079
Mar 20224820108.885.08$52,480
Feb 2022407091.054.86$37,057
Jan 20225782,23081.844.54$57,423
Dec 20216284,01671.323.90$60,448
Nov 20217953,77277.435.24$81,310
Oct 20215853,90179.795.71$68,967
Sep 20215634,21369.865.35$61,875
Aug 20217505,23666.024.22$71,614
Jul 20216153,48570.783.98$57,407
Jun 20214872,21869.493.38$41,340
May 20217682,93263.483.02$57,600
Apr 20217392,54260.362.76$51,618
Mar 20215802,98561.302.72$43,664
Feb 20216372,50357.805.55$50,705
Jan 20217083,82450.412.81$46,437
Dec 20206573,98244.642.68$39,982
Nov 20205753,30938.772.71$31,249
Oct 20206423,26836.972.48$31,834
Sep 20206383,12037.091.99$29,875
Aug 20208433,29139.982.39$41,553
Jul 20207193,86738.371.83$34,646
Jun 20206784,23834.901.69$30,826
May 20208685,15916.921.81$24,049
Apr 20209145,82314.751.80$23,988
Mar 20209345,89030.341.86$39,271
Feb 20208385,41249.881.98$52,519
Jan 20209404,58557.252.09$63,419
Dec 20191,1914,16459.012.30$79,876
Nov 20191,0693,00555.302.75$67,382
Oct 20191,2182,57253.472.42$71,347
Sep 20191,0092,18155.052.66$61,341
Aug 20191,2352,95853.112.30$72,407
Jul 20198173,86756.272.46$55,486
Jun 20191,0573,25852.782.49$63,905
May 201925442558.482.74$16,019
Apr 20198181,69562.632.75$55,894
Mar 20191,0261,62356.803.06$63,247
Feb 20197921,33450.852.79$43,998
Jan 20196782,24946.033.23$38,469
Dec 20189124,70846.594.19$62,195
Nov 20189515,19152.934.24$72,332
Oct 20181,1453,85561.443.40$83,448
Sep 20189013,81659.543.11$65,506
Aug 20187635,51859.403.07$62,243
Jul 20189594,73765.142.93$76,358
Jun 20181,3721,91360.183.08$88,453
May 20181,4412,34265.382.90$101,006
Apr 20181,5902,32663.842.90$108,253
Mar 20181,8605,62861.222.79$129,554
Feb 20181,1952,95261.782.77$81,993
Jan 20182,1764,69862.874.01$155,641
Dec 20172,0605,87657.272.92$135,143
Nov 20171,8485,70255.423.12$120,197
Oct 20172,65415,91249.292.98$178,292
Sep 20172,44120,63547.523.09$179,702
Aug 20172,4514,60245.373.00$125,028
Jul 20172,2014,09643.873.09$109,203
Jun 20172,6813,60442.493.09$125,042
May 20172,7053,52945.373.26$134,242
Apr 20172,5502,89647.933.21$131,522
Mar 20172,4612,63746.772.98$122,969
Feb 20172,1202,04750.452.95$112,998
Jan 20171,5472,47349.413.42$84,892
Dec 20161,6011,24248.763.72$82,689
Nov 201671267042.492.64$32,025
Oct 20161,06984746.193.09$51,995
Sep 20168611,14641.553.10$39,328
Aug 201645386541.442.92$21,302
Jul 201696041.622.92$3,996
Jun 20162,2762,42145.352.69$109,719
May 20162,2323,12542.521.99$101,127
Apr 20162,1763,09636.561.99$85,719
Mar 20162,1672,36633.011.79$75,777
Feb 20162,6303,43526.472.06$76,705
Jan 20162,6202,72827.352.36$78,107
Dec 20152,8482,60032.362.00$97,365
Nov 20152,6542,15738.792.17$107,624
Oct 20153,3355,00843.552.43$157,392
Sep 20152,5562,90542.992.76$117,896
Aug 20152,8673,55740.162.87$125,356
Jul 20152,9233,68448.152.95$151,592
Jun 20152,7923,08256.152.88$165,656
May 20152,6093,15555.212.96$153,367
Apr 20153,1726,41649.822.71$175,394
Mar 20153,3487,81642.892.93$166,533
Feb 20152,8256,01844.662.98$144,075
Jan 20153,5264,54043.433.10$167,211
Dec 20143,5364,58154.693.59$209,836
Nov 20143,8259,40270.464.25$309,485
Oct 20144,91913,96578.303.90$439,635
Sep 20145,40714,60086.164.05$524,931
Aug 20144,52416,21289.394.04$469,818
Jul 20145,41415,00196.564.18$585,474
Jun 20146,78425,21298.164.74$785,344
May 20145,76812,41194.734.73$605,064
Apr 201410,31518,38395.944.81$1,078,027
Mar 20147,95813,43295.895.06$831,016

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.

May 2026 — as filed, then multipliedworked
Oil                  283 bbl  × $106.41 =    $30,114
Casinghead gas    11,979 Mcf  × $  3.05 =    $36,486

────────────────────────────────────────────────────
Month total                                  $66,600

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/18509 is the state's own key, not one this site invented.