UNIVERSITY "K"

Name: UNIVERSITY "K" lease production and value, Sep 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by OLSEN ENERGY INC. (P-5 621750) in the CHENOT, EAST (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 174836District 08Field 17444500CondensateGasSave Export

Value, all time

$2.0 M

Sep 1999 – Nov 2020

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

255

no gaps in the span

Streams

condensate, gas

The CHENOT, EAST (WOLFCAMP) 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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered

1976-11-06

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: “ALLOCATION FORMULA EFF. 1-1-80 PER AMENDMENT TO SWR 28 & 29”

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	4,908 bbl	$248,103
Gas	Production	390,412 Mcf	$1,781,606
Total			$2,029,709

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 30.9425, -102.4351. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.94250, -102.43510 · 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

100.0%

1 of 1 wells

Median depth

5,207 ft

1 wells filed one

Completion to plug

20.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 5,207 ft.

Completions filed

Sep 1999

1 of 1 wells

Plug dates filed

Jul 2020

1 of 1 wells

Last completion to plug: a median of 20.8 years across the 1 well that filed both dates, with the middle half between 20.8 years and 20.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-37105022	2	5,207 ft	Sep 1999	Jul 2020	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 (255)

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

255 months


Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	63	0	39.98	2.39	$2,519
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	25	52.78	2.49	$62
May 2019	0	470	58.48	2.74	$1,288
Apr 2019	0	442	62.63	2.75	$1,216
Mar 2019	0	573	56.80	3.06	$1,755
Feb 2019	0	564	50.85	2.79	$1,575
Jan 2019	172	371	46.03	3.23	$9,115
Dec 2018	0	224	46.59	4.19	$938
Nov 2018	0	285	52.93	4.24	$1,208
Oct 2018	0	380	61.44	3.40	$1,291
Sep 2018	0	602	59.54	3.11	$1,871
Aug 2018	0	515	59.40	3.07	$1,579
Jul 2018	0	365	65.14	2.93	$1,070
Jun 2018	0	234	60.18	3.08	$720
May 2018	0	393	65.38	2.90	$1,140
Apr 2018	0	410	63.84	2.90	$1,189
Mar 2018	0	483	61.22	2.79	$1,346
Feb 2018	0	535	61.78	2.77	$1,480
Jan 2018	0	389	62.87	4.01	$1,560
Dec 2017	0	435	57.27	2.92	$1,271
Nov 2017	0	707	55.42	3.12	$2,205
Oct 2017	0	422	49.29	2.98	$1,259
Sep 2017	0	570	47.52	3.09	$1,760
Aug 2017	0	904	45.37	3.00	$2,716
Jul 2017	0	450	43.87	3.09	$1,389
Jun 2017	0	417	42.49	3.09	$1,287
May 2017	0	662	45.37	3.26	$2,160
Apr 2017	182	644	47.93	3.21	$10,792
Mar 2017	0	440	46.77	2.98	$1,313
Feb 2017	0	272	50.45	2.95	$803
Jan 2017	0	510	49.41	3.42	$1,744
Dec 2016	0	316	48.76	3.72	$1,176
Nov 2016	0	445	42.49	2.64	$1,177
Oct 2016	0	510	46.19	3.09	$1,576
Sep 2016	0	643	41.55	3.10	$1,994
Aug 2016	0	421	41.44	2.92	$1,231
Jul 2016	0	442	41.62	2.92	$1,293
Jun 2016	0	693	45.35	2.69	$1,861
May 2016	0	554	42.52	1.99	$1,103
Apr 2016	0	413	36.56	1.99	$822
Mar 2016	0	493	33.01	1.79	$884
Feb 2016	0	356	26.47	2.06	$735
Jan 2016	0	450	27.35	2.36	$1,064
Dec 2015	0	389	32.36	2.00	$779
Nov 2015	0	17	38.79	2.17	$37
Oct 2015	0	72	43.55	2.43	$175
Sep 2015	0	238	42.99	2.76	$657
Aug 2015	178	477	40.16	2.87	$8,519
Jul 2015	0	799	48.15	2.95	$2,353
Jun 2015	0	244	56.15	2.88	$703
May 2015	0	283	55.21	2.96	$836
Apr 2015	0	643	49.82	2.71	$1,740
Mar 2015	0	967	42.89	2.93	$2,838
Feb 2015	0	490	44.66	2.98	$1,458
Jan 2015	0	430	43.43	3.10	$1,333
Dec 2014	0	691	54.69	3.59	$2,482
Nov 2014	0	987	70.46	4.25	$4,197
Oct 2014	0	515	78.30	3.90	$2,009
Sep 2014	0	363	86.16	4.05	$1,468
Aug 2014	0	638	89.39	4.04	$2,574
Jul 2014	0	759	96.56	4.18	$3,172
Jun 2014	0	486	98.16	4.74	$2,302
May 2014	0	565	94.73	4.73	$2,671
Apr 2014	180	745	95.94	4.81	$20,852
Mar 2014	0	506	95.89	5.06	$2,559
Feb 2014	0	377	97.40	6.19	$2,334
Jan 2014	0	661	90.40	4.86	$3,213
Dec 2013	0	481	91.82	4.35	$2,095
Nov 2013	0	322	88.85	3.74	$1,204
Oct 2013	0	318	97.42	3.78	$1,202
Sep 2013	0	135	104.11	3.72	$502
Aug 2013	0	33	104.25	3.52	$116
Jul 2013	0	423	102.52	3.72	$1,573
Jun 2013	0	506	94.40	3.93	$1,990
May 2013	0	878	94.83	4.15	$3,643
Apr 2013	0	643	93.96	4.28	$2,754
Mar 2013	179	1,145	93.62	3.91	$21,238
Feb 2013	0	881	91.23	3.42	$3,013
Jan 2013	0	598	91.60	3.42	$2,045
Dec 2012	0	671	86.77	3.42	$2,295
Nov 2012	0	548	86.95	3.62	$1,986
Oct 2012	0	700	89.38	3.40	$2,380
Sep 2012	0	809	94.67	2.92	$2,361
Aug 2012	0	748	92.66	2.91	$2,175
Jul 2012	0	840	85.13	3.02	$2,537
Jun 2012	0	701	79.82	2.52	$1,766
May 2012	0	632	91.61	2.49	$1,573
Apr 2012	0	878	101.65	2.00	$1,753
Mar 2012	0	858	105.05	2.22	$1,907
Feb 2012	177	1,095	101.10	2.57	$20,709
Jan 2012	0	820	98.09	2.73	$2,242
Dec 2011	0	980	96.87	3.24	$3,175
Nov 2011	0	862	95.72	3.31	$2,854
Oct 2011	0	860	84.98	3.65	$3,138
Sep 2011	0	903	83.62	3.99	$3,599
Aug 2011	0	981	83.40	4.15	$4,070
Jul 2011	0	1,011	94.14	4.52	$4,567
Jun 2011	187	1,127	92.90	4.64	$22,601
May 2011	0	971	98.13	4.40	$4,277
Apr 2011	0	1,214	105.96	4.33	$5,261
Mar 2011	0	992	96.36	4.06	$4,025
Feb 2011	0	906	85.64	4.18	$3,787
Jan 2011	0	1,110	86.50	4.59	$5,094
Dec 2010	0	814	85.73	4.35	$3,539
Nov 2010	0	795	80.84	3.80	$3,017
Oct 2010	0	1,124	78.10	3.51	$3,944
Sep 2010	0	1,397	72.63	3.98	$5,559
Aug 2010	0	855	73.68	4.42	$3,779
Jul 2010	0	941	72.55	4.74	$4,457
Jun 2010	169	826	70.36	4.91	$15,947
May 2010	0	1,119	71.12	4.24	$4,739
Apr 2010	0	1,068	81.69	4.12	$4,403
Mar 2010	0	1,372	78.39	4.39	$6,021
Feb 2010	0	1,021	73.58	5.44	$5,557
Jan 2010	0	1,298	74.36	5.96	$7,741
Dec 2009	0	1,464	71.44	5.48	$8,028
Nov 2009	0	1,162	74.59	3.75	$4,359
Oct 2009	153	903	72.54	4.11	$14,810
Sep 2009	0	471	65.54	3.06	$1,444
Aug 2009	0	555	67.42	3.22	$1,786
Jul 2009	0	251	61.13	3.46	$870
Jun 2009	0	932	66.16	3.90	$3,630
May 2009	0	1,275	54.74	3.93	$5,005
Apr 2009	179	1,077	46.77	3.59	$12,236
Mar 2009	0	1,061	42.14	4.06	$4,307
Feb 2009	0	1,115	32.81	4.63	$5,166
Jan 2009	0	1,154	35.86	5.37	$6,198
Dec 2008	0	1,019	37.10	5.98	$6,091
Nov 2008	0	1,174	55.49	6.86	$8,054
Oct 2008	0	1,054	75.24	6.92	$7,296
Sep 2008	0	984	101.76	7.88	$7,751
Aug 2008	0	1,219	114.22	8.48	$10,341
Jul 2008	0	1,011	131.08	11.39	$11,515
Jun 2008	0	1,113	131.33	13.03	$14,505
May 2008	168	1,293	123.17	11.57	$35,658
Apr 2008	0	1,225	110.31	10.45	$12,807
Mar 2008	0	1,263	101.90	9.66	$12,206
Feb 2008	0	1,682	92.53	8.77	$14,752
Jan 2008	0	1,210	90.38	8.21	$9,929
Dec 2007	0	1,313	88.33	7.30	$9,587
Nov 2007	0	842	91.67	7.29	$6,140
Oct 2007	0	1,418	82.85	6.92	$9,815
Sep 2007	0	1,627	75.84	6.24	$10,159
Aug 2007	0	1,230	69.06	6.39	$7,857
Jul 2007	0	1,080	70.90	6.39	$6,899
Jun 2007	0	1,374	62.00	7.55	$10,372
May 2007	0	1,425	58.74	7.85	$11,181
Apr 2007	171	1,216	59.61	7.81	$19,684
Mar 2007	0	1,692	56.92	7.30	$12,355
Feb 2007	0	1,288	55.10	8.22	$10,582
Jan 2007	0	1,332	50.30	6.73	$8,960
Dec 2006	0	1,025	56.65	6.92	$7,091
Nov 2006	0	1,279	54.20	7.62	$9,743
Oct 2006	0	1,457	54.90	6.01	$8,762
Sep 2006	0	1,426	60.08	5.04	$7,183
Aug 2006	0	1,171	68.71	7.34	$8,595
Jul 2006	167	1,527	69.37	6.34	$21,270
Jun 2006	0	1,412	66.28	6.38	$9,014
May 2006	0	1,664	66.01	6.42	$10,691
Apr 2006	0	1,725	64.39	7.36	$12,697
Mar 2006	0	1,959	56.70	7.08	$13,875
Feb 2006	0	1,908	57.59	7.75	$14,789
Jan 2006	0	1,286	60.59	8.93	$11,488
Dec 2005	0	1,260	54.94	13.42	$16,903
Nov 2005	0	1,456	54.69	10.59	$15,417
Oct 2005	0	1,611	58.34	13.80	$22,225
Sep 2005	0	1,158	61.45	12.08	$13,987
Aug 2005	170	1,028	61.51	9.80	$20,528
Jul 2005	0	1,341	55.69	7.84	$10,518
Jun 2005	0	1,068	52.33	7.38	$7,883
May 2005	0	1,444	45.22	6.65	$9,604
Apr 2005	0	1,205	49.20	7.36	$8,869
Mar 2005	0	1,968	50.37	7.15	$14,081
Feb 2005	174	1,818	45.22	6.31	$19,343
Jan 2005	0	1,895	43.16	6.32	$11,981
Dec 2004	0	508	39.86	6.75	$3,430
Nov 2004	0	1,505	45.28	6.33	$9,527
Oct 2004	0	1,856	49.70	6.52	$12,092
Sep 2004	0	1,644	43.24	5.28	$8,687
Aug 2004	0	1,319	42.37	5.55	$7,321
Jul 2004	0	1,780	38.28	6.08	$10,830
Jun 2004	176	1,538	36.10	6.43	$16,248
May 2004	0	1,453	37.48	6.49	$9,437
Apr 2004	0	2,145	34.47	5.86	$12,566
Mar 2004	0	2,044	34.36	5.53	$11,304
Feb 2004	0	891	32.45	5.51	$4,909
Jan 2004	0	1,278	32.03	6.30	$8,051
Dec 2003	177	2,339	30.26	6.30	$20,096
Nov 2003	0	3,064	28.80	4.60	$14,080
Oct 2003	0	2,877	28.17	4.76	$13,693
Sep 2003	170	1,951	26.31	4.75	$13,739
Aug 2003	0	1,812	29.76	5.13	$9,295
Jul 2003	0	2,341	29.41	5.17	$12,105
Jun 2003	0	2,098	28.56	5.98	$12,552
May 2003	0	3,012	26.59	5.97	$17,990
Apr 2003	0	992	26.67	5.41	$5,364
Mar 2003	0	3,250	31.14	6.10	$19,812
Feb 2003	0	2,768	33.48	7.93	$21,939
Jan 2003	0	2,725	30.31	5.58	$15,211
Dec 2002	0	2,898	26.91	4.85	$14,066
Nov 2002	0	2,833	24.66	4.14	$11,720
Oct 2002	0	2,287	26.46	4.23	$9,672
Sep 2002	0	2,149	27.44	3.64	$7,812
Aug 2002	0	3,521	25.96	3.16	$11,141
Jul 2002	0	3,652	24.58	3.06	$11,182
Jun 2002	0	3,190	23.73	3.34	$10,649
May 2002	167	3,861	24.66	3.58	$17,956
Apr 2002	0	4,436	23.65	3.51	$15,581
Mar 2002	0	3,675	22.00	3.10	$11,403
Feb 2002	0	3,185	18.22	2.38	$7,567
Jan 2002	0	3,634	17.17	2.38	$8,633
Dec 2001	180	2,909	16.93	2.36	$9,925
Nov 2001	0	3,521	18.07	2.41	$8,470
Oct 2001	0	3,394	19.78	2.53	$8,583
Sep 2001	0	3,364	24.26	2.25	$7,573
Aug 2001	177	3,578	24.87	3.05	$15,326
Jul 2001	0	3,281	23.93	3.20	$10,490
Jun 2001	0	3,717	24.56	3.82	$14,214
May 2001	0	4,604	25.52	4.31	$19,831
Apr 2001	2	3,674	24.68	5.34	$19,651
Mar 2001	171	4,408	24.54	5.38	$27,896
Feb 2001	2	2,196	27.75	5.77	$12,720
Jan 2001	2	3,669	27.47	8.40	$30,870
Dec 2000	166	3,944	26.88	9.12	$40,441
Nov 2000	1	4,212	32.21	5.66	$23,864
Oct 2000	171	9,662	31.23	5.15	$55,056
Sep 2000	0	1,088	31.87	5.19	$5,643
Aug 2000	2	912	29.64	4.54	$4,200
Jul 2000	1	1,667	28.53	4.09	$6,846
Jun 2000	169	2,425	29.30	4.40	$15,615
May 2000	0	1,985	27.26	3.68	$7,304
Apr 2000	2	5,558	24.51	3.12	$17,368
Mar 2000	168	7,871	28.42	2.86	$27,284
Feb 2000	171	7,478	27.62	2.73	$25,112
Jan 2000	8	14,134	25.27	2.48	$35,262
Dec 1999	6	12,655	24.28	2.42	$30,818
Nov 1999	146	24,831	23.19	2.43	$63,824
Oct 1999	4	14,588	20.98	2.80	$40,984
Sep 1999	0	0	21.75	2.62	$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.

Aug 2020 — as filed, then multipliedworked

Condensate            63 bbl  × $ 39.98 =     $2,519
Gas                    0 Mcf  × $  2.39 =         $0

────────────────────────────────────────────────────
Month total                                   $2,519

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/174836 is the state's own key, not one this site invented.