UNIVERSITY 9-35

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 284502District 08Field 28899166Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.5 M
Dec 2015 – May 2026
Value, last 12 filed months
$390 k
at the published price for each month
Months reported
126
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 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 Gas112018-09-13221162
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
CondensateDisposition166,525 bbl$8,129,592
GasProduction1,104,013 Mcf$3,368,602
Total$11,498,194

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 32.1543, -102.5422. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15430, -102.54222 · 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
11,159 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 11,159 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-003471971H11,159 ftNov 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 (126)

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

126 months

May 202600106.413.05$0
Apr 20265162,48698.932.87$58,182
Mar 20263402,61589.753.15$38,751
Feb 20263422,47663.503.75$31,003
Jan 20263452,79959.138.00$42,786
Dec 20253482,23256.664.41$29,568
Nov 20255162,11958.593.93$38,553
Oct 20253482,78759.383.30$29,875
Sep 20253412,64562.743.08$29,533
Aug 20253482,62263.933.01$30,152
Jul 20252852,92966.743.32$28,731
Jun 20253503,00666.483.13$32,673
May 20255163,33560.553.23$42,024
Apr 20251803,51262.363.54$23,668
Mar 20253543,78967.704.27$40,138
Feb 20252933,37470.884.34$35,414
Jan 20254614,24274.324.28$52,412
Dec 20243573,86368.993.12$36,687
Nov 20245003,89269.052.20$43,081
Oct 20242802,58071.372.28$25,870
Sep 20243221,33369.612.36$25,566
Aug 20243471,53375.632.06$29,407
Jul 20242211,74079.932.15$21,400
Jun 20243941,95278.082.63$35,905
May 20243041,06778.812.20$26,304
Apr 20243351,91484.451.66$31,466
Mar 20243492,26180.301.55$31,518
Feb 20243552,62776.091.78$31,698
Jan 20244522,28873.023.30$40,550
Dec 20233622,57071.262.61$32,506
Nov 20232912,51877.892.81$29,735
Oct 20233062,62385.443.09$34,243
Sep 20233093,10789.042.74$36,011
Aug 20234812,95880.522.67$46,637
Jul 20233203,10774.852.64$32,160
Jun 20233281,25868.962.26$25,460
May 20233833,74270.622.23$35,382
Apr 20234433,42778.122.24$42,276
Mar 20235073,47772.852.39$45,256
Feb 20234581,35975.112.47$37,751
Jan 20234843,25276.533.39$48,057
Dec 20223353,39576.415.73$45,048
Nov 20224283,46085.005.65$55,916
Oct 20224923,57787.185.86$63,867
Sep 20224032,92184.888.16$58,053
Aug 20224033,31694.529.13$68,357
Jul 20223422,562101.587.54$54,063
Jun 20225253,873115.097.98$91,318
May 20225264,678109.378.43$96,978
Apr 20224264,115104.226.84$72,534
Mar 20223633,780108.885.08$58,712
Feb 20224453,89791.054.86$59,452
Jan 20225194,62881.844.54$63,475
Dec 20214724,85771.323.90$52,601
Nov 20213332,25877.435.24$37,609
Oct 20216935,31279.795.71$85,647
Sep 20217095,48169.865.35$78,859
Aug 20213636,41366.024.22$51,032
Jul 20212693,08070.783.98$31,305
Jun 20216006,79969.493.38$64,679
May 20217586,31263.483.02$67,165
Apr 20215425,51860.362.76$47,936
Mar 20216216,02861.302.72$54,445
Feb 20214524,85757.805.55$53,072
Jan 20219166,38650.412.81$64,122
Dec 20204927,38644.642.68$41,724
Nov 20206498,01138.772.71$46,844
Oct 20201422,65336.972.48$11,825
Sep 20204053,78037.091.99$22,548
Aug 20206318,11839.982.39$44,590
Jul 20207789,51138.371.83$47,211
Jun 20201,14710,26834.901.69$57,386
May 202003,59416.921.81$6,522
Apr 20205412,24314.751.80$12,027
Mar 202074011,05630.341.86$42,974
Feb 20201,17511,02549.881.98$80,446
Jan 20207009,17357.252.09$59,290
Dec 20197567,10359.012.30$60,979
Nov 20191,17911,16155.302.75$95,899
Oct 20191,12910,99553.472.42$86,959
Sep 20191,0938,20755.052.66$81,978
Aug 20191,04710,84353.112.30$80,592
Jul 20190056.272.46$0
Jun 20196537,33652.782.49$52,741
May 20191,00913,09958.482.74$94,902
Apr 20191,25613,93562.632.75$116,994
Mar 20191,32113,70956.803.06$117,011
Feb 201992711,43150.852.79$79,056
Jan 20191,38612,92446.033.23$105,519
Dec 20181,35011,15346.594.19$109,577
Nov 20181,23610,67052.934.24$110,633
Oct 20181,27611,67661.443.40$118,073
Sep 201896012,17059.543.11$94,983
Aug 20181,31612,30259.403.07$115,895
Jul 20181,20511,20065.142.93$111,331
Jun 20187148,95560.183.08$70,522
May 20181,40617,28165.382.90$142,053
Apr 20182,03317,03163.842.90$179,190
Mar 20181,34217,14461.222.79$129,935
Feb 20181,98816,18461.782.77$167,586
Jan 20181,26211,69662.874.01$126,235
Dec 20171,80616,17057.272.92$150,671
Nov 20171,86818,51555.423.12$161,261
Oct 20172,25319,90249.292.98$170,432
Sep 20172,01618,42247.523.09$152,674
Aug 20172,14820,17045.373.00$158,054
Jul 20172,24620,05043.873.09$160,432
Jun 20172,03617,06542.493.09$139,194
May 20172,77023,27745.373.26$201,637
Apr 20172,62022,89347.933.21$199,100
Mar 20173,23122,11446.772.98$217,095
Feb 20172,97321,32950.452.95$212,964
Jan 20173,60723,06049.413.42$257,059
Dec 20164,12625,98748.763.72$297,929
Nov 20164,25525,74042.492.64$248,861
Oct 20164,50626,65746.193.09$290,509
Sep 20164,78923,84941.553.10$272,930
Aug 20165,65023,64941.442.92$303,294
Jul 20162,91212,10941.622.92$156,608
Jun 20163,95816,20545.352.69$223,019
May 20166,48526,65342.521.99$328,809
Apr 20166,54522,37736.561.99$283,839
Mar 20167,48823,92733.011.79$290,104
Feb 20166,94620,64226.472.06$226,458
Jan 20169,23019,34027.352.36$298,167
Dec 20158,11113,96932.362.00$290,430

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           516 bbl  × $ 98.93 =    $51,048
Gas                2,486 Mcf  × $  2.87 =     $7,134

────────────────────────────────────────────────────
Month total                                  $58,182

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/284502 is the state's own key, not one this site invented.