MERCHANT

Operated by OXY USA WTP LP (P-5 630555) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18787District 7CField 85279201OilCasinghead gasSave
Value, all time
$516.4 M
Jun 2014 – May 2026
Value, last 12 filed months
$16.5 M
at the published price for each month
Months reported
144
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
OilDisposition6,848,215 bbl$350,042,947
Casinghead gasProduction51,421,573 Mcf$166,343,000
Total$516,385,947

Wells on this lease (35)

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 31.5728, -101.6213. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.4 miles.

31.57018, -101.63281 · 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
28.6%
10 of 35 wells
With a plug date
5.7%
2 of 35 wells
Median depth
8,446 ft
35 wells filed one
Completion to plug
8.7 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
1028.6%
A plug date is filed
25.7%
BothOn the schedule and plugged. Neither fact cancels the other.
25.7%
NeitherNo plug date, and not on the schedule.
2571.4%

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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 35 of 35 wells. Median 8,446 ft, with the middle half between 8,255 and 8,701 ft; the shallowest is 4,740 ft and the deepest 10,090 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

10s
20s

Last completion by decade, 35 of 35 wells, Oct 2014 – Aug 2025. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Oct 2014 – Aug 2025
35 of 35 wells
Plug dates filed
Aug 2023 – Sep 2023
2 of 35 wells; 33 filed none

Last completion to plug: a median of 8.7 years across the 2 wells that filed both dates, with the middle half between 8.7 years and 8.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

35 wells

42-383395151601WD4,807 ftAug 2025
42-383386841401WD4,740 ftDec 2024
42-383393711407BU8,454 ftApr 2024Yes
42-383414091189CP10,090 ftOct 2023
42-383395651416BL8,760 ftMay 2017
42-383395661416A8,242 ftMay 2017
42-383395011414B8,566 ftMay 2017
42-383395021414A8,214 ftMay 2017
42-383395561412BA8,497 ftOct 2016Yes
42-383395571412BU8,403 ftOct 2016
42-383395581412A8,263 ftOct 2016
42-383395471410BU8,436 ftOct 2016Yes
42-383395541410A8,201 ftOct 2016
42-383394991404BU8,498 ftApr 2016Yes
42-383395001404A8,229 ftApr 2016
42-383395031406A8,260 ftMar 2016
42-383395041406BU8,466 ftMar 2016
42-383390971601BU8,847 ftDec 2015Yes
42-383394441409BU8,453 ftNov 2015
42-383394421409A8,262 ftOct 2015
42-383393701408BL8,652 ftSep 2015Yes
42-383393721408A8,227 ftSep 2015
42-383389921401CL9,342 ftAug 2015
42-383391001402CL7,108 ftJul 2015
42-383390571402BL8,761 ftJun 2015Yes
42-383390581402CU8,296 ftJun 2015Yes
42-383390231401BL8,751 ftJun 2015
42-383386771111HB8,456 ftJun 2015
42-383390131401A8,282 ftJun 2015
42-383389941401BU8,446 ftJan 2015Sep 2023Yes
42-383389931401CU9,270 ftDec 2014Aug 2023Yes
42-383386291411HB8,443 ftDec 2014
42-383386852311HC8,750 ftOct 2014
42-383386301411HA8,250 ftOct 2014
42-383386762311HD9,245 ftOct 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 (144)

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

144 months

May 20269,908252,067106.413.05$1,822,066
Apr 20268,905162,80998.932.87$1,348,188
Mar 20267,467105,42189.753.15$1,002,180
Feb 20266,831125,46763.503.75$904,310
Jan 20268,882147,86659.138.00$1,707,813
Dec 20258,844198,74756.664.41$1,378,243
Nov 20257,697186,04258.593.93$1,181,450
Oct 20257,850205,95959.383.30$1,146,795
Sep 20259,101210,18762.743.08$1,217,725
Aug 202510,410295,28263.933.01$1,555,716
Jul 20259,727301,41966.743.32$1,648,444
Jun 202510,209297,49766.483.13$1,609,479
May 202511,343310,58360.553.23$1,690,722
Apr 202511,097314,98662.363.54$1,808,042
Mar 202513,825314,76667.704.27$2,279,475
Feb 202511,201290,86070.884.34$2,056,504
Jan 202513,503356,57274.324.28$2,529,200
Dec 202411,269353,97268.993.12$1,882,326
Nov 202410,537344,25969.052.20$1,484,413
Oct 202412,125376,95671.372.28$1,725,349
Sep 202413,225370,13269.612.36$1,795,718
Aug 202412,460402,66775.632.06$1,773,306
Jul 202413,436393,64979.932.15$1,918,942
Jun 202412,307361,07778.082.63$1,912,000
May 202416,267394,92478.812.20$2,150,219
Apr 202415,223398,34884.451.66$1,946,521
Mar 202417,061430,85080.301.55$2,035,718
Feb 202418,025408,38376.091.78$2,099,931
Jan 202420,297420,32773.023.30$2,868,182
Dec 202328,447452,65171.262.61$3,208,878
Nov 202329,400409,01377.892.81$3,438,295
Oct 202314,281376,14485.443.09$2,381,430
Sep 20237,543294,92089.042.74$1,478,247
Aug 20239,102346,34680.522.67$1,658,634
Jul 202310,189361,01974.852.64$1,716,387
Jun 20239,805353,42068.962.26$1,474,345
May 20239,094314,61470.622.23$1,342,990
Apr 20239,089322,71478.122.24$1,432,189
Mar 202310,445359,66372.852.39$1,621,649
Feb 20239,874309,37875.112.47$1,504,463
Jan 202310,506340,38976.533.39$1,957,167
Dec 202210,732312,81776.415.73$2,612,186
Nov 202211,752335,30485.005.65$2,892,113
Oct 202212,319354,91587.185.86$3,155,107
Sep 202212,056365,44984.888.16$4,006,722
Aug 202213,023378,13494.529.13$4,682,223
Jul 202212,918380,211101.587.54$4,179,792
Jun 202214,231374,245115.097.98$4,623,273
May 202213,500367,223109.378.43$4,573,301
Apr 202213,018349,355104.226.84$3,745,486
Mar 202215,099351,301108.885.08$3,427,324
Feb 202213,935320,49491.054.86$2,826,011
Jan 202215,857372,09481.844.54$2,986,180
Dec 202116,485379,74271.323.90$2,656,370
Nov 202115,288358,99977.435.24$3,063,774
Oct 202114,746375,23179.795.71$3,320,604
Sep 202114,674376,50469.865.35$3,039,768
Aug 202114,180394,62866.024.22$2,601,727
Jul 202114,339409,60570.783.98$2,645,994
Jun 202116,133398,77769.493.38$2,469,196
May 202118,081418,28463.483.02$2,410,025
Apr 202120,821388,93360.362.76$2,329,596
Mar 202118,250395,52561.302.72$2,193,343
Feb 202114,157318,63657.805.55$2,586,051
Jan 202121,035411,92750.412.81$2,218,000
Dec 202020,668402,41844.642.68$1,999,273
Nov 202021,229414,44638.772.71$1,944,775
Oct 202022,084434,50736.972.48$1,893,341
Sep 202021,639418,45537.091.99$1,635,751
Aug 202020,449411,23739.982.39$1,798,392
Jul 202021,618437,26838.371.83$1,627,549
Jun 202022,096424,81334.901.69$1,489,216
May 202024,508452,45016.921.81$1,235,759
Apr 202024,044437,21814.751.80$1,143,556
Mar 202026,572465,39930.341.86$1,670,082
Feb 202027,612443,79649.881.98$2,256,300
Jan 202031,039506,02257.252.09$2,836,967
Dec 201929,628505,09859.012.30$2,912,276
Nov 201934,083501,99955.302.75$3,265,639
Oct 201935,414510,19653.472.42$3,127,516
Sep 201935,564503,27355.052.66$3,295,135
Aug 201937,327522,85353.112.30$3,187,279
Jul 201941,610529,92956.272.46$3,645,052
Jun 201942,757517,20452.782.49$3,545,173
May 201948,63813,30858.482.74$2,880,818
Apr 201949,888504,35962.632.75$4,511,826
Mar 201954,083519,25256.803.06$4,661,916
Feb 201949,269448,15950.852.79$3,756,687
Jan 201956,096485,44246.033.23$4,149,193
Dec 201857,659473,63846.594.19$4,668,716
Nov 201852,272458,26852.934.24$4,708,548
Oct 201866,200582,91161.443.40$6,048,106
Sep 201868,013590,65859.543.11$5,885,259
Aug 201874,912614,18559.403.07$6,333,208
Jul 201878,454601,76665.142.93$6,874,799
Jun 201888,730572,40060.183.08$7,101,000
May 201893,784567,34765.382.90$7,777,358
Apr 201885,371512,98163.842.90$6,938,140
Mar 201889,500551,91561.222.79$7,017,289
Feb 201887,160493,35161.782.77$6,749,413
Jan 2018123,144654,96562.874.01$10,368,028
Dec 2017133,629678,20557.272.92$9,634,322
Nov 2017142,225694,37455.423.12$10,047,418
Oct 2017160,494675,73049.292.98$9,926,911
Sep 2017173,379510,36747.523.09$9,814,616
Aug 2017185,960596,39045.373.00$10,228,799
Jul 2017190,731507,25843.873.09$9,933,416
Jun 2017169,980405,08742.493.09$8,473,067
May 201786,453277,39145.373.26$4,827,610
Apr 201791,697445,57547.933.21$5,826,046
Mar 2017138,111533,45546.772.98$8,051,110
Feb 2017140,542463,97150.452.95$8,460,265
Jan 2017149,377423,30549.413.42$8,827,913
Dec 2016163,407323,91948.763.72$9,173,621
Nov 2016158,369276,75742.492.64$7,460,941
Oct 2016114,448267,54646.193.09$6,113,140
Sep 201690,059335,98641.553.10$4,783,720
Aug 2016119,752460,79641.442.92$6,310,047
Jul 2016131,219452,55141.622.92$6,784,748
Jun 2016138,794391,16845.352.69$7,344,919
May 2016153,782318,33242.521.99$7,172,622
Apr 2016139,144210,19136.561.99$5,505,603
Mar 201662,532139,88933.011.79$2,315,144
Feb 201696,395248,66626.472.06$3,064,730
Jan 2016129,672301,04827.352.36$4,258,315
Dec 2015132,756331,91632.362.00$4,960,284
Nov 2015142,985316,20638.792.17$6,231,711
Oct 2015120,385333,94243.552.43$6,053,104
Sep 201582,548242,01742.992.76$4,216,323
Aug 2015107,018253,33440.162.87$5,025,542
Jul 2015116,691153,26448.152.95$6,070,046
Jun 201524,87246,74656.152.88$1,531,325
May 201510,33332,88855.212.96$667,684
Apr 201514,71246,32849.822.71$858,342
Mar 201534,86575,74342.892.93$1,717,644
Feb 201530,37285,82044.662.98$1,611,830
Jan 201558,582104,62143.433.10$2,868,607
Dec 201453,77768,04354.693.59$3,185,431
Nov 201437,24444,61970.464.25$2,813,925
Oct 20144,3743,96578.303.90$357,952
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0

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                9,908 bbl  × $106.41 = $1,054,310
Casinghead gas   252,067 Mcf  × $  3.05 =   $767,756

────────────────────────────────────────────────────
Month total                               $1,822,066

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/18787 is the state's own key, not one this site invented.