UNIVERSITY 7

Operated by V-F PETROLEUM INC. (P-5 880375) in the BOOTLEG CANYON (CONNELL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 273473District 08Field 10613400CondensateGasSaveExport
Value, all time
$893 k
Mar 2013 – Mar 2020
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
85
no gaps in the span
Streams
2
condensate, 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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered
2013-03-06
as the register files it
Field class
Gas
the register's own label
Between wells
2,620 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 2014-03-25.

The Commission's schedule remark for this field reads: CERTIFIED PRORATION PLATS REQUIRED.

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
CondensateDisposition236 bbl$20,548
GasProduction204,904 Mcf$872,095
Total$892,643

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 30.9224, -102.4324. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.92240, -102.43241 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
6,960 ft
1 wells filed one
Completion to plug
7.0 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 6,960 ft.

Completions filed
Mar 2013
1 of 1 wells
Plug dates filed
Mar 2020
1 of 1 wells

Last completion to plug: a median of 7.0 years across the 1 well that filed both dates, with the middle half between 7.0 years and 7.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3713902416,960 ftMar 2013Mar 2020Yes

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 (85)

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

85 months

Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20195812655.302.75$3,554
Oct 2019012253.472.42$295
Sep 2019013455.052.66$356
Aug 2019014053.112.30$323
Jul 20190056.272.46$0
Jun 201907952.782.49$197
May 201902258.482.74$60
Apr 201902962.632.75$80
Mar 201904356.803.06$132
Feb 201903850.852.79$106
Jan 201904546.033.23$145
Dec 201803846.594.19$159
Nov 201804052.934.24$169
Oct 201803261.443.40$109
Sep 201804759.543.11$146
Aug 2018018359.403.07$561
Jul 2018033265.142.93$973
Jun 2018034760.183.08$1,068
May 201805265.382.90$151
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 201702855.423.12$87
Oct 201705949.292.98$176
Sep 201709547.523.09$293
Aug 2017015345.373.00$460
Jul 2017019743.873.09$608
Jun 2017011942.493.09$367
May 2017025245.373.26$822
Apr 2017039647.933.21$1,272
Mar 2017010946.772.98$325
Feb 2017061150.452.95$1,804
Jan 201708949.413.42$304
Dec 201606248.763.72$231
Nov 201608242.492.64$217
Oct 2016016746.193.09$516
Sep 20160041.553.10$0
Aug 201601041.442.92$29
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 201608027.352.36$189
Dec 2015086032.362.00$1,721
Nov 201504238.792.17$91
Oct 201502743.552.43$66
Sep 2015027242.992.76$750
Aug 2015032040.162.87$919
Jul 2015032348.152.95$951
Jun 2015034556.152.88$995
May 2015018155.212.96$535
Apr 2015018349.822.71$495
Mar 2015014442.892.93$423
Feb 2015018544.662.98$551
Jan 2015020543.433.10$636
Dec 2014021454.693.59$769
Nov 2014082770.464.25$3,516
Oct 201402,47478.303.90$9,651
Sep 201402,72486.164.05$11,020
Aug 201402,70789.394.04$10,923
Jul 201403,90796.564.18$16,330
Jun 201404,21498.164.74$19,961
May 201406,25994.734.73$29,584
Apr 201408,34995.944.81$40,151
Mar 2014013,86295.895.06$70,097
Feb 2014013,83697.406.19$85,673
Jan 2014012,15290.404.86$59,067
Dec 2013013,87491.824.35$60,414
Nov 2013020,79788.853.74$77,745
Oct 201317819,57497.423.78$91,318
Sep 2013018,697104.113.72$69,511
Aug 201303,876104.253.52$13,654
Jul 201305,167102.523.72$19,210
Jun 2013017,23494.403.93$67,788
May 2013019,21494.834.15$79,720
Apr 201307,50193.964.28$32,124
Mar 20130093.623.91$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.

Nov 2019 — as filed, then multipliedworked
Condensate            58 bbl  × $ 55.30 =     $3,207
Gas                  126 Mcf  × $  2.75 =       $347

────────────────────────────────────────────────────
Month total                                   $3,554

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/273473 is the state's own key, not one this site invented.