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SHERROD 16-0902

Operated by XTO ENERGY INC. (P-5 945936) 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 20078District 7CField 85279201OilCasinghead gasSave
Value, all time
$26.0 M
May 2018 – May 2026
Value, last 12 filed months
$1.9 M
at the published price for each month
Months reported
97
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
OilDisposition308,467 bbl$18,169,252
Casinghead gasProduction2,066,388 Mcf$7,833,455
Total$26,002,707

Wells on this lease (2)

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 31.7715, -100.7400. A lease has no coordinate of its own — that point is the mean of its wells, and they span 120.7 miles, so treat it as the lease's centre and not as its location.

31.77149, -100.73998 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
6,859 ft
2 wells filed one
Completion to plug
4.1 years
median over 1 wells

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 4,650 and 9,067 ft, median 6,859 ft, over the 2 wells that filed a depth.

Completions filed
Aug 1983 – Apr 2019
2 of 2 wells
Plug dates filed
Sep 1987
1 of 2 wells; 1 filed none

Last completion to plug: a median of 4.1 years across the 1 well that filed both dates, with the middle half between 4.1 years and 4.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-383401530902BH9,067 ftApr 2019——
42-3990100324,650 ftAug 1983Sep 1987Yes

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 (97)

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

97 months

May 202630642,243106.413.05$161,227
Apr 202630333,13998.932.87$125,075
Mar 202640239,74689.753.15$161,257
Feb 202640429,25563.503.75$135,370
Jan 202664649,66059.138.00$435,375
Dec 20251,00454,24156.664.41$296,272
Nov 202547715,20158.593.93$87,633
Oct 202537712,61259.383.30$64,067
Sep 202542914,47562.743.08$71,454
Aug 202558115,26063.933.01$83,149
Jul 202553618,53566.743.32$97,220
Jun 20251,05719,94566.483.13$132,672
May 202552622,92260.553.23$105,941
Apr 202535712,08462.363.54$65,078
Mar 20251335,45967.704.27$32,305
Feb 20253334,04070.884.34$41,140
Jan 202586419,27074.324.28$146,663
Dec 20241,40318,71768.993.12$155,216
Nov 20241,02614,91269.052.20$103,628
Oct 202468511,16071.372.28$74,349
Sep 202478716,67969.612.36$94,218
Aug 202486820,48475.632.06$107,918
Jul 202453111,50179.932.15$67,131
Jun 202440313,45078.082.63$66,893
May 202448816,48078.812.20$74,690
Apr 202457918,01284.451.66$78,782
Mar 202491518,89580.301.55$102,670
Feb 202485016,82376.091.78$94,683
Jan 20242,22119,50773.023.30$226,505
Dec 202383722,16771.262.61$117,516
Nov 202372116,48077.892.81$102,427
Oct 202395915,29885.443.09$129,166
Sep 20231,1469,35289.042.74$127,618
Aug 20231,35214,11080.522.67$146,577
Jul 20231,08111,51074.852.64$111,320
Jun 20231,4609,20468.962.26$121,469
May 20231,4525,94970.622.23$115,791
Apr 20231,5083,35678.122.24$125,315
Mar 20237552,88472.852.39$61,904
Feb 20231,6451,31575.112.47$126,798
Jan 20231,07349976.533.39$83,807
Dec 20221,2565176.415.73$96,263
Nov 20222135,98285.005.65$51,881
Oct 202235913,44187.185.86$110,112
Sep 20221,29644,34984.888.16$472,056
Aug 20221,52438,09394.529.13$491,729
Jul 20221,50338,929101.587.54$446,280
Jun 20222,28031,689115.097.98$515,195
May 20222,28933,518109.378.43$533,007
Apr 20221,56943,738104.226.84$462,584
Mar 20221,81949,225108.885.08$447,939
Feb 20221,81643,72591.054.86$377,800
Jan 20222,13247,91181.844.54$391,888
Dec 20213,38252,24371.323.90$444,906
Nov 20212,67548,85177.435.24$462,951
Oct 20212,41626,06079.795.71$341,676
Sep 20211,11017,61569.865.35$171,801
Aug 20213,63251,78666.024.22$458,352
Jul 20213,95642,38870.783.98$448,798
Jun 20213,11827,84969.493.38$310,817
May 20215,12739,14263.483.02$443,580
Apr 20215,33739,89960.362.76$432,200
Mar 20216,01526,15261.302.72$439,773
Feb 20214,2207,37157.805.55$284,810
Jan 20214,3355,48250.412.81$233,933
Dec 20201,4182,12944.642.68$68,996
Nov 20201,1003,07838.772.71$50,978
Oct 20202,86217,59436.972.48$149,414
Sep 202098037.091.99$3,635
Aug 20204,26836,50239.982.39$257,696
Jul 20208,05453,62238.371.83$406,899
Jun 20205,51219,35734.901.69$225,088
May 202022414316.921.81$4,050
Apr 20207,59753,57714.751.80$208,729
Mar 20207,95851,31430.341.86$336,696
Feb 20208,08355,27849.881.98$512,668
Jan 202011,12661,36257.252.09$765,501
Dec 201911,63032,22159.012.30$760,535
Nov 201913,06018,01855.302.75$771,780
Oct 20192,97311,49553.472.42$186,767
Sep 201915,30542,06155.052.66$954,308
Aug 201917,40129,12153.112.30$991,272
Jul 201920,39221,13456.272.46$1,199,449
Jun 201917,12714,94252.782.49$941,187
May 201932,00529,20558.482.74$1,951,683
Apr 201923,41521,91562.632.75$1,526,763
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$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                  306 bbl  × $106.41 =    $32,561
Casinghead gas    42,243 Mcf  × $  3.05 =   $128,665

────────────────────────────────────────────────────
Month total                                 $161,227

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/20078 is the state's own key, not one this site invented.