JACKSON

Operated by P1 ENERGY, LLC (P-5 631633) 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 20432District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$325 k
Oct 2019 – May 2026
Value, last 12 filed months
$43 k
at the published price for each month
Months reported
80
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
OilDisposition2,614 bbl$166,492
Casinghead gasProduction46,029 Mcf$158,143
Total$324,635

Wells on this lease (6)

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 31.5423, -101.0991. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.54395, -101.09834 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
7,600 ft
6 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.
6100.0%

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 7,510 and 7,675 ft, median 7,600 ft, over the 6 wells that filed a depth.

Completions filed
Jan 1992 – Aug 1994
6 of 6 wells

6 wells

42-4513229152057,510 ftAug 1994
42-4513229352067,550 ftAug 1994
42-4513224852047,600 ftOct 1993
42-4513224952037,610 ftOct 1993
42-4513219152027,600 ftAug 1993
42-4513210252017,675 ftJan 1992

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 (80)

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

80 months

May 202600106.413.05$0
Apr 202615139998.932.87$16,083
Mar 2026041489.753.15$1,304
Feb 2026039863.503.75$1,493
Jan 2026040759.138.00$3,255
Dec 2025043156.664.41$1,902
Nov 2025042258.593.93$1,657
Oct 2025045359.383.30$1,497
Sep 2025046162.743.08$1,418
Aug 202515752563.933.01$11,620
Jul 2025047166.743.32$1,561
Jun 2025046366.483.13$1,449
May 2025053360.553.23$1,723
Apr 202517842762.363.54$12,613
Mar 2025035467.704.27$1,511
Feb 2025033370.884.34$1,446
Jan 2025034474.324.28$1,472
Dec 2024035068.993.12$1,092
Nov 2024034869.052.20$765
Oct 2024035271.372.28$803
Sep 2024025269.612.36$596
Aug 2024029975.632.06$617
Jul 2024037479.932.15$803
Jun 2024036678.082.63$964
May 2024043878.812.20$963
Apr 2024033984.451.66$562
Mar 2024038580.301.55$595
Feb 2024062476.091.78$1,113
Jan 2024084173.023.30$2,773
Dec 2023055871.262.61$1,457
Nov 202317137177.892.81$14,361
Oct 2023037085.443.09$1,142
Sep 2023035289.042.74$963
Aug 2023048480.522.67$1,294
Jul 2023037974.852.64$1,001
Jun 2023038968.962.26$879
May 2023050070.622.23$1,114
Apr 2023042878.122.24$958
Mar 2023048272.852.39$1,154
Feb 2023042775.112.47$1,053
Jan 202318673076.533.39$16,708
Dec 2022052976.415.73$3,031
Nov 2022059085.005.65$3,331
Oct 2022057387.185.86$3,360
Sep 2022049284.888.16$4,017
Aug 2022051794.529.13$4,719
Jul 2022178519101.587.54$21,996
Jun 20220546115.097.98$4,356
May 20220543109.378.43$4,579
Apr 20220620104.226.84$4,239
Mar 20220624108.885.08$3,168
Feb 202217554391.054.86$18,572
Jan 2022065881.844.54$2,986
Dec 2021071771.323.90$2,796
Nov 2021058777.435.24$3,074
Oct 202118359379.795.71$17,990
Sep 2021051969.865.35$2,777
Aug 2021053666.024.22$2,262
Jul 2021056570.783.98$2,250
Jun 2021063769.493.38$2,153
May 2021073463.483.02$2,215
Apr 2021062260.362.76$1,716
Mar 2021069161.302.72$1,877
Feb 202119268757.805.55$14,909
Jan 2021080950.412.81$2,274
Dec 2020081744.642.68$2,186
Nov 202018895938.772.71$9,884
Oct 2020098136.972.48$2,431
Sep 202001,01837.091.99$2,027
Aug 20201841,09539.982.39$9,968
Jul 2020098338.371.83$1,794
Jun 202018789234.901.69$8,034
May 2020090116.921.81$1,635
Apr 2020096814.751.80$1,747
Mar 20201821,00630.341.86$7,389
Feb 202001,05649.881.98$2,092
Jan 2020093957.252.09$1,967
Dec 2019092959.012.30$2,141
Nov 201916874755.302.75$11,345
Oct 20191341,01453.472.42$9,617

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 2026 — as filed, then multipliedworked
Oil                  151 bbl  × $ 98.93 =    $14,938
Casinghead gas       399 Mcf  × $  2.87 =     $1,145

────────────────────────────────────────────────────
Month total                                  $16,083

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/20432 is the state's own key, not one this site invented.