UNIVERSITY 10-18 "B"

Name: UNIVERSITY 10-18 "B" lease production and value, Feb 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEXACO E & P INC. (P-5 844118) in the BLOCK 18 (CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 157394District 08Field 09302400CondensateGasSave Export

Value, all time

$584 k

Feb 1996 – Jan 2001

Value, last 12 filed months

$122 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The BLOCK 18 (CHERRY CANYON) field

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 15 leases and 23 wells, and the rule below applies to all of them.

Discovered

1985-07-29

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 08/01/96.”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	7,380 bbl	$146,749
Gas	Production	283,688 Mcf	$437,451
Total			$584,200

113,819 Mcf of this lease's gas, across 11 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.6292, -103.2661. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.62925, -103.26615 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

6,850 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

1100.0%

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.

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

The one well that filed a depth was drilled to 6,850 ft.

Completions filed

Oct 1995

1 of 1 wells

1 well


42-47533703	6	6,850 ft	Oct 1995	—	Yes

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 (60)

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

60 months


Jan 2001	99	586	27.47	8.40	$7,641
Dec 2000	162	1,172	26.88	9.12	$15,046
Nov 2000	127	900	32.21	5.66	$9,183
Oct 2000	166	1,421	31.23	5.15	$12,496
Sep 2000	119	1,123	31.87	5.19	$9,617
Aug 2000	139	1,454	29.64	4.54	$10,722
Jul 2000	121	1,508	28.53	4.09	$9,619
Jun 2000	90	1,512	29.30	4.40	$9,286
May 2000	90	2,124	27.26	3.68	$10,269
Apr 2000	125	2,321	24.51	3.12	$10,296
Mar 2000	95	1,947	28.42	2.86	$8,268
Feb 2000	127	2,146	27.62	2.73	$9,359
Jan 2000	159	1,892	25.27	2.48	$8,711
Dec 1999	259	1,943	24.28	2.42	$10,998
Nov 1999	57	850	23.19	2.43	$3,391
Oct 1999	69	1,834	20.98	2.80	$6,590
Sep 1999	101	2,045	21.75	2.62	$7,552
Aug 1999	117	2,821	19.26	2.88	$10,365
Jul 1999	79	2,998	17.89	2.37	$8,526
Jun 1999	92	3,513	15.94	2.36	$9,765
May 1999	108	4,698	15.79	2.32	$12,609
Apr 1999	77	3,088	15.10	2.21	$7,981
Mar 1999	97	3,793	12.47	1.84	$8,182
Feb 1999	88	3,681	9.98	1.82	$7,570
Jan 1999	116	4,170	10.38	1.90	$9,127
Dec 1998	115	4,255	9.20	1.77	$8,603
Nov 1998	79	4,672	10.89	2.19	$11,072
Oct 1998	105	5,237	12.42	1.97	$11,617
Sep 1998	127	3,523	12.59	2.08	$8,936
Aug 1998	134	5,070	11.30	1.91	$11,184
Jul 1998	94	3,938	11.74	2.24	$9,914
Jun 1998	91	3,151	11.24	2.24	$8,072
May 1998	89	4,042	12.62	2.21	$10,041
Apr 1998	117	4,460	13.04	2.51	$12,699
Mar 1998	149	3,145	12.80	2.31	$9,170
Feb 1998	186	3,051	13.95	2.30	$9,609
Jan 1998	141	2,764	14.70	2.15	$8,029
Dec 1997	281	2,711	16.32	2.41	$11,122
Nov 1997	135	4,499	18.19	3.09	$16,350
Oct 1997	113	6,228	19.25	3.15	$21,792
Sep 1997	0	8,555	17.74	2.95	$25,279
Aug 1997	21	13,378	17.86	2.55	$34,552
Jul 1997	225	11,727	17.58	2.25	$30,305
Jun 1997	80	11,490	17.24	2.26	$27,314
May 1997	91	3,398	18.97	2.31	$9,571
Apr 1997	222	1,438	17.88	2.08	$6,964
Mar 1997	548	1,865	18.95	1.94	$14,001
Feb 1997	122	536	20.49	2.21	$3,682
Jan 1997	183	1,196	23.48	3.54	$8,530
Dec 1996	122	1,539	23.32	—	$2,845
Nov 1996	188	1,720	21.97	—	$4,130
Oct 1996	158	4,602	23.31	—	$3,683
Sep 1996	112	6,765	22.22	—	$2,489
Aug 1996	28	1,477	20.26	—	$567
Jul 1996	19	13,711	19.55	—	$371
Jun 1996	94	18,353	18.73	—	$1,761
May 1996	72	19,354	19.43	—	$1,399
Apr 1996	157	19,829	21.51	—	$3,377
Mar 1996	103	20,340	19.38	—	$1,996
Feb 1996	0	6,129	16.98	—	$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.

Jan 2001 — as filed, then multipliedworked

Condensate            99 bbl  × $ 27.47 =     $2,720
Gas                  586 Mcf  × $  8.40 =     $4,922

────────────────────────────────────────────────────
Month total                                   $7,641

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. 08/G/157394 is the state's own key, not one this site invented.