UNIVERSITY 1-26 UNIT

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 284546District 08Field 28899166Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$20.9 M
Nov 2015 – May 2026
Value, last 12 filed months
$561 k
at the published price for each month
Months reported
127
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 Gas112018-09-13221167
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
CondensateDisposition311,429 bbl$14,104,229
GasProduction2,289,612 Mcf$6,769,435
Total$20,873,664

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 32.1649, -102.5175. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.16487, -102.51753 · 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
11,110 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 11,110 ft.

Completions filed
Oct 2015
1 of 1 wells

1 well

42-003470903H11,110 ftOct 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 (127)

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

127 months

May 202600106.413.05$0
Apr 20263666,37098.932.87$54,489
Mar 20261446,32089.753.15$32,828
Feb 20261466,25763.503.75$32,737
Jan 20263877,72259.138.00$84,643
Dec 20252086,17356.664.41$39,029
Nov 20253266,62658.593.93$45,117
Oct 20252707,86959.383.30$42,038
Sep 20253648,29262.743.08$48,351
Aug 20254749,70763.933.01$59,567
Jul 202548310,08066.743.32$65,653
Jun 20254418,57766.483.13$56,153
May 20255108,46060.553.23$58,226
Apr 20253279,35662.363.54$53,541
Mar 20255609,11967.704.27$76,835
Feb 20254709,19070.884.34$73,206
Jan 202567911,31974.324.28$98,894
Dec 202447610,49468.993.12$65,595
Nov 202462110,13969.052.20$65,170
Oct 202465811,16771.372.28$72,438
Sep 20244189,40769.612.36$51,339
Aug 20244519,72275.632.06$54,172
Jul 20243338,71379.932.15$45,320
Jun 20244219,10278.082.63$56,846
May 202458911,07278.812.20$70,760
Apr 202467111,90284.451.66$76,414
Mar 202482413,56180.301.55$87,121
Feb 202449112,72276.091.78$60,052
Jan 20241,07214,32573.023.30$125,516
Dec 202373415,38771.262.61$92,476
Nov 20231,36411,23777.892.81$137,791
Oct 202391816,33085.443.09$128,849
Sep 20236586,99489.042.74$77,717
Aug 20232931,39580.522.67$27,321
Jul 20234442,70574.852.64$40,379
Jun 20233712,07268.962.26$30,264
May 20232292,52470.622.23$21,794
Apr 20234264,13578.122.24$42,532
Mar 20235296,00672.852.39$52,911
Feb 20235104,75575.112.47$50,030
Jan 20232734,67976.533.39$36,744
Dec 20223814,20476.415.73$53,197
Nov 20224815,07285.005.65$69,523
Oct 20225564,37887.185.86$74,144
Sep 20224454,73184.888.16$76,394
Aug 20224564,37094.529.13$82,987
Jul 20222703,218101.587.54$51,697
Jun 20225585,875115.097.98$111,086
May 20225085,169109.378.43$99,150
Apr 20226734,306104.226.84$99,583
Mar 20225725,207108.885.08$88,712
Feb 20226135,32191.054.86$81,668
Jan 20226175,69481.844.54$76,333
Dec 20215095,84571.323.90$59,092
Nov 20216056,01577.435.24$78,345
Oct 20216155,26679.795.71$79,160
Sep 20216846,30069.865.35$81,495
Aug 20216606,48166.024.22$70,927
Jul 20215546,53570.783.98$65,235
Jun 20218107,24969.493.38$80,793
May 20218507,52463.483.02$76,663
Apr 20212364,89460.362.76$27,745
Mar 20217037,91961.302.72$64,609
Feb 20215507,29257.805.55$72,246
Jan 20219739,43850.412.81$75,572
Dec 20201,09510,06044.642.68$75,796
Nov 20206627,63638.772.71$46,333
Oct 20205225,81736.972.48$33,715
Sep 20208818,55237.091.99$49,704
Aug 20208719,51739.982.39$57,522
Jul 20209338,40538.371.83$51,139
Jun 20201,0587,02234.901.69$48,794
May 2020482,20516.921.81$4,814
Apr 20201,2908,71914.751.80$34,760
Mar 20203837,06630.341.86$24,736
Feb 20201,0208,00349.881.98$66,729
Jan 20201,0689,91657.252.09$81,914
Dec 20191,0328,27759.012.30$79,972
Nov 20199396,96855.302.75$71,094
Oct 20199107,37253.472.42$66,487
Sep 20198846,94155.052.66$67,108
Aug 20198748,90353.112.30$66,934
Jul 20191,0799,21756.272.46$83,390
Jun 20191,3019,24752.782.49$91,703
May 20198386,30658.482.74$66,287
Apr 20199359,95862.632.75$85,951
Mar 20191,40812,45656.803.06$118,116
Feb 20191,01011,43250.852.79$83,279
Jan 20191,35211,57446.033.23$99,596
Dec 20181,64212,46046.594.19$128,651
Nov 20181,43414,35552.934.24$136,727
Oct 20181,1369,95461.443.40$103,620
Sep 20181,43013,71659.543.11$127,772
Aug 20181,63813,95859.403.07$140,100
Jul 20181,56315,50665.142.93$147,276
Jun 20181,55812,52960.183.08$132,311
May 20181,58216,11365.382.90$150,172
Apr 20181,67014,88263.842.90$149,783
Mar 20181,75416,55661.222.79$153,519
Feb 20181,70111,79661.782.77$137,717
Jan 20181,95815,49562.874.01$185,224
Dec 20172,02514,78757.272.92$159,172
Nov 20171,68411,33655.423.12$128,677
Oct 20172,05615,84749.292.98$148,623
Sep 20171,95916,39547.523.09$143,708
Aug 20171,63112,46545.373.00$111,448
Jul 20172,29723,41243.873.09$173,049
Jun 20175,04763,53442.493.09$410,594
May 20176,08465,99545.373.26$491,399
Apr 20175,71364,75147.933.21$481,778
Mar 20177,14763,46546.772.98$523,624
Feb 20174,19642,29950.452.95$336,580
Jan 20173,93936,60349.413.42$319,764
Dec 20167,35376,76348.763.72$644,308
Nov 20167,88887,11642.492.64$565,526
Oct 20169,239100,91746.193.09$738,609
Sep 20169,35277,39241.553.10$628,540
Aug 201610,52096,58741.442.92$718,402
Jul 201616,387120,38041.622.92$1,034,059
Jun 201619,202100,52545.352.69$1,140,804
May 201615,53484,89842.521.99$829,541
Apr 201621,03190,72936.561.99$949,538
Mar 201623,77679,19133.011.79$926,915
Feb 201615,34143,98926.472.06$496,853
Jan 201617,15823,66327.352.36$525,219
Dec 201516,35721,87732.362.00$573,097
Nov 20153,2465,52238.792.17$137,880

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           366 bbl  × $ 98.93 =    $36,208
Gas                6,370 Mcf  × $  2.87 =    $18,280

────────────────────────────────────────────────────
Month total                                  $54,489

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/284546 is the state's own key, not one this site invented.