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UNIVERSITY 1-20

Operated by ELEVATION RESOURCES LLC (P-5 247756) in the EMMA (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 283297District 08Field 28899166Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.4 M
Jun 2017 – May 2026
Value, last 12 filed months
$473 k
at the published price for each month
Months reported
108
no gaps in the span
Streams
2
condensate, gas

The EMMA (DEVONIAN) 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 68 leases and 115 wells, and the rule below applies to all of them.

Discovered
1954-11-27
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 40 acres. The field rule took effect on 2017-11-07.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 05/01/2018.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112018-09-13221169
NGPA1none——

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition79,615 bbl$4,675,177
GasProduction1,441,293 Mcf$4,749,945
Total$9,425,122

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 32.2033, -102.5054. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.20327, -102.50542 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
11,033 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
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.
1100.0%

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 11,033 ft.

Completions filed
Dec 2015
1 of 1 wells

1 well

42-003472214H11,033 ftDec 2015——

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 (108)

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

108 months

May 202600106.413.05$0
Apr 2026822,86998.932.87$16,345
Mar 20261573,70789.753.15$25,766
Feb 20261634,36063.503.75$26,702
Jan 20261724,75659.138.00$48,208
Dec 20252116,43456.664.41$40,351
Nov 20252032,90758.593.93$23,308
Oct 20254088,75559.383.30$53,161
Sep 202545811,21762.743.08$63,249
Aug 20253988,55463.933.01$51,232
Jul 20255707,84966.743.32$64,063
Jun 202539711,03466.483.13$60,915
May 202535212,53760.553.23$61,837
Apr 202528113,39562.363.54$64,983
Mar 202534116,48967.704.27$93,466
Feb 202531284470.884.34$25,778
Jan 20252031,95174.324.28$23,435
Dec 202427483868.993.12$21,519
Nov 20242242,18969.052.20$20,280
Oct 20243125,92871.372.28$35,792
Sep 20244322,25469.612.36$35,401
Aug 20245383,22175.632.06$47,336
Jul 20245486,76379.932.15$58,319
Jun 20244937,80978.082.63$59,062
May 20243877,68178.812.20$47,386
Apr 20245448,38684.451.66$59,855
Mar 20246088,11980.301.55$61,367
Feb 20241535,04976.091.78$20,647
Jan 20242962,03773.023.30$28,331
Dec 202326431471.262.61$19,632
Nov 202346585377.892.81$38,614
Oct 20232701,19185.443.09$26,746
Sep 20231753,46089.042.74$25,045
Aug 20232331,50680.522.67$22,787
Jul 20232833,72874.852.64$31,031
Jun 20231323,37568.962.26$16,725
May 20233538,36370.622.23$43,557
Apr 202358912,11978.122.24$73,132
Mar 20232939,95572.852.39$45,169
Feb 20233337,51975.112.47$43,551
Jan 20235188,57776.533.39$68,699
Dec 20222596,30476.415.73$55,906
Nov 20222738,64485.005.65$72,011
Oct 202258510,53987.185.86$112,798
Sep 20221537,88584.888.16$77,357
Aug 20223089,46194.529.13$115,464
Jul 20223179,458101.587.54$103,534
Jun 20222619,911115.097.98$109,101
May 202243410,449109.378.43$135,583
Apr 202255411,251104.226.84$134,668
Mar 202244710,216108.885.08$100,530
Feb 202246311,90691.054.86$100,006
Jan 202250512,79781.844.54$99,398
Dec 202157314,59971.323.90$97,790
Nov 202158715,40277.435.24$126,109
Oct 202181612,57779.795.71$136,972
Sep 202165913,93469.865.35$120,597
Aug 202141013,27666.024.22$83,101
Jul 202193111,93270.783.98$113,410
Jun 202140511,76369.493.38$67,910
May 202180212,61563.483.02$88,979
Apr 202155612,34960.362.76$67,624
Mar 202179512,76361.302.72$83,410
Feb 20216187,27557.805.55$76,082
Jan 20211,09413,01850.412.81$91,733
Dec 202074416,01844.642.68$76,068
Nov 202077217,38438.772.71$76,981
Oct 202069617,88936.972.48$70,068
Sep 202086719,13837.091.99$70,262
Aug 20201,30722,17639.982.39$105,146
Jul 202076722,16538.371.83$69,884
Jun 20202,10620,80734.901.69$108,670
May 202049315,81316.921.81$37,038
Apr 202087313,56414.751.80$37,351
Mar 202061314,16530.341.86$44,892
Feb 202077214,02749.881.98$66,290
Jan 202087513,68557.252.09$78,760
Dec 20191,00216,56759.012.30$97,304
Nov 201988911,58155.302.75$81,018
Oct 201973910,62453.472.42$65,209
Sep 201982514,35055.052.66$83,548
Aug 201981515,89753.112.30$79,917
Jul 201975816,19656.272.46$82,496
Jun 201984516,22352.782.49$85,014
May 201983017,12058.482.74$95,453
Apr 20191,08519,40462.632.75$121,328
Mar 20191,16319,44556.803.06$125,601
Feb 20191,25918,22650.852.79$114,911
Jan 20191,34320,75546.033.23$128,819
Dec 20181,22421,78546.594.19$148,206
Nov 20181,38722,32752.934.24$168,019
Oct 20181,66323,88961.443.40$183,351
Sep 201890111,33959.543.11$88,887
Aug 20184488,32259.403.07$52,131
Jul 20181,24222,85665.142.93$147,915
Jun 20181,09522,63060.183.08$135,528
May 20181,48624,01565.382.90$166,817
Apr 20181,11820,78763.842.90$131,672
Mar 20181,15226,87661.222.79$145,425
Feb 20182,00329,23161.782.77$204,602
Jan 20181,83630,74062.874.01$238,676
Dec 20171,97731,88957.272.92$206,387
Nov 20172,04734,60255.423.12$221,346
Oct 20172,21035,56249.292.98$215,037
Sep 20172,13737,34547.523.09$216,845
Aug 20172,56649,05845.373.00$263,809
Jul 20172,08836,49443.873.09$204,268
Jun 20172,36739,11142.493.09$221,320

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
Condensate            82 bbl  × $ 98.93 =     $8,112
Gas                2,869 Mcf  × $  2.87 =     $8,233

────────────────────────────────────────────────────
Month total                                  $16,345

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/283297 is the state's own key, not one this site invented.