UNIVERSITY 18-29

Name: UNIVERSITY 18-29 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KERR-MCGEE OIL & GAS ONSHORE LP (P-5 457807) in the QUITO, EAST (CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 99414District 08Field 73927345NGPA filingCondensateGasSave Export

Value, all time

$2.5 M

Jan 1993 – Jun 2014

Value, last 12 filed months

$354

at the published price for each month

Months reported

258

no gaps in the span

Streams

condensate, gas

The QUITO, EAST (CHERRY CANYON) 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 30 leases and 37 wells, and the rule below applies to all of them.

Discovered

1981-12-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1984-09-10.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED 4/1/95 PER COMPLETED AOF SURVEY”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	10,666 bbl	$472,020
Gas	Production	605,981 Mcf	$2,070,669
Total			$2,542,689

216,460 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.5663, -103.2829. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.56629, -103.28295 · 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

6,825 ft

1 wells filed one

Completion to plug

32.3 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 6,825 ft.

Completions filed

Mar 1982

1 of 1 wells

Plug dates filed

Jun 2014

1 of 1 wells

Last completion to plug: a median of 32.3 years across the 1 well that filed both dates, with the middle half between 32.3 years and 32.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47532501	4	6,825 ft	Mar 1982	Jun 2014	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 (258)

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

258 months


Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	2	95.94	4.81	$10
Mar 2014	0	5	95.89	5.06	$25
Feb 2014	0	7	97.40	6.19	$43
Jan 2014	0	11	90.40	4.86	$53
Dec 2013	0	9	91.82	4.35	$39
Nov 2013	0	49	88.85	3.74	$183
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	5	0	91.60	3.42	$458
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	28	14	92.66	2.91	$2,635
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	11	12	91.61	2.49	$1,038
Apr 2012	12	13	101.65	2.00	$1,246
Mar 2012	38	42	105.05	2.22	$4,085
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	28	31	98.09	2.73	$2,831
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	30	33	95.72	3.31	$2,981
Oct 2011	14	15	84.98	3.65	$1,244
Sep 2011	16	18	83.62	3.99	$1,410
Aug 2011	43	44	83.40	4.15	$3,769
Jul 2011	0	101	94.14	4.52	$456
Jun 2011	40	558	92.90	4.64	$6,305
May 2011	39	451	98.13	4.40	$5,814
Apr 2011	18	487	105.96	4.33	$4,018
Mar 2011	0	184	96.36	4.06	$747
Feb 2011	35	137	85.64	4.18	$3,570
Jan 2011	23	143	86.50	4.59	$2,646
Dec 2010	114	156	85.73	4.35	$10,451
Nov 2010	80	143	80.84	3.80	$7,010
Oct 2010	109	121	78.10	3.51	$8,937
Sep 2010	77	94	72.63	3.98	$5,967
Aug 2010	80	646	73.68	4.42	$8,749
Jul 2010	76	1,088	72.55	4.74	$10,667
Jun 2010	112	980	70.36	4.91	$12,693
May 2010	67	1,156	71.12	4.24	$9,661
Apr 2010	69	1,123	81.69	4.12	$10,266
Mar 2010	50	1,193	78.39	4.39	$9,155
Feb 2010	51	1,009	73.58	5.44	$9,244
Jan 2010	56	1,164	74.36	5.96	$11,106
Dec 2009	57	1,158	71.44	5.48	$10,422
Nov 2009	58	926	74.59	3.75	$7,800
Oct 2009	60	1,006	72.54	4.11	$8,487
Sep 2009	73	999	65.54	3.06	$7,846
Aug 2009	66	942	67.42	3.22	$7,482
Jul 2009	65	1,008	61.13	3.46	$7,466
Jun 2009	67	1,147	66.16	3.90	$8,900
May 2009	71	1,224	54.74	3.93	$8,692
Apr 2009	62	882	46.77	3.59	$6,064
Mar 2009	57	1,087	42.14	4.06	$6,814
Feb 2009	59	1,032	32.81	4.63	$6,717
Jan 2009	77	1,248	35.86	5.37	$9,464
Dec 2008	69	1,100	37.10	5.98	$9,135
Nov 2008	67	1,362	55.49	6.86	$13,062
Oct 2008	66	1,437	75.24	6.92	$14,913
Sep 2008	70	1,323	101.76	7.88	$17,545
Aug 2008	78	1,152	114.22	8.48	$18,682
Jul 2008	51	1,223	131.08	11.39	$20,614
Jun 2008	79	1,343	131.33	13.03	$27,878
May 2008	84	1,330	123.17	11.57	$25,740
Apr 2008	70	1,303	110.31	10.45	$21,344
Mar 2008	79	1,386	101.90	9.66	$21,445
Feb 2008	81	1,258	92.53	8.77	$18,528
Jan 2008	94	1,358	90.38	8.21	$19,639
Dec 2007	38	1,543	88.33	7.30	$14,623
Nov 2007	0	1,118	91.67	7.29	$8,152
Oct 2007	0	1,386	82.85	6.92	$9,594
Sep 2007	0	1,276	75.84	6.24	$7,968
Aug 2007	0	1,283	69.06	6.39	$8,196
Jul 2007	0	1,228	70.90	6.39	$7,844
Jun 2007	0	1,174	62.00	7.55	$8,862
May 2007	0	1,229	58.74	7.85	$9,643
Apr 2007	13	1,103	59.61	7.81	$9,384
Mar 2007	77	1,461	56.92	7.30	$15,051
Feb 2007	43	3,238	55.10	8.22	$28,973
Jan 2007	42	2,385	50.30	6.73	$18,156
Dec 2006	31	1,713	56.65	6.92	$13,607
Nov 2006	30	2,476	54.20	7.62	$20,487
Oct 2006	33	3,127	54.90	6.01	$20,617
Sep 2006	30	3,702	60.08	5.04	$20,450
Aug 2006	17	3,507	68.71	7.34	$26,909
Jul 2006	61	3,649	69.37	6.34	$27,376
Jun 2006	177	3,554	66.28	6.38	$34,420
May 2006	317	4,314	66.01	6.42	$48,643
Apr 2006	348	4,368	64.39	7.36	$54,558
Mar 2006	223	4,424	56.70	7.08	$43,979
Feb 2006	105	3,654	57.59	7.75	$34,370
Jan 2006	140	4,376	60.59	8.93	$47,575
Dec 2005	38	3,836	54.94	13.42	$53,549
Nov 2005	40	3,325	54.69	10.59	$37,394
Oct 2005	16	3,697	58.34	13.80	$51,936
Sep 2005	26	3,673	61.45	12.08	$45,964
Aug 2005	31	3,939	61.51	9.80	$40,497
Jul 2005	22	3,961	55.69	7.84	$32,294
Jun 2005	28	3,864	52.33	7.38	$29,986
May 2005	24	3,845	45.22	6.65	$26,659
Apr 2005	23	3,710	49.20	7.36	$28,439
Mar 2005	7	4,124	50.37	7.15	$29,859
Feb 2005	11	2,943	45.22	6.31	$19,073
Jan 2005	15	3,103	43.16	6.32	$20,265
Dec 2004	12	3,686	39.86	6.75	$25,363
Nov 2004	5	77	45.28	6.33	$714
Oct 2004	15	5,114	49.70	6.52	$34,064
Sep 2004	3	4,001	43.24	5.28	$21,271
Aug 2004	17	3,101	42.37	5.55	$17,933
Jul 2004	16	2,677	38.28	6.08	$16,900
Jun 2004	15	3,188	36.10	6.43	$21,050
May 2004	19	3,087	37.48	6.49	$20,761
Apr 2004	20	3,937	34.47	5.86	$23,754
Mar 2004	24	4,326	34.36	5.53	$24,748
Feb 2004	23	3,889	32.45	5.51	$22,173
Jan 2004	14	3,941	32.03	6.30	$25,275
Dec 2003	9	1,971	30.26	6.30	$12,693
Nov 2003	21	3,410	28.80	4.60	$16,274
Oct 2003	22	3,301	28.17	4.76	$16,331
Sep 2003	21	3,657	26.31	4.75	$17,921
Aug 2003	22	3,675	29.76	5.13	$19,506
Jul 2003	29	3,973	29.41	5.17	$21,397
Jun 2003	26	3,688	28.56	5.98	$22,808
May 2003	28	4,051	26.59	5.97	$24,940
Apr 2003	29	4,093	26.67	5.41	$22,905
Mar 2003	34	3,798	31.14	6.10	$24,212
Feb 2003	18	3,300	33.48	7.93	$26,758
Jan 2003	19	3,662	30.31	5.58	$21,017
Dec 2002	2	3,043	26.91	4.85	$14,824
Nov 2002	71	2,927	24.66	4.14	$13,860
Oct 2002	6	3,582	26.46	4.23	$15,307
Sep 2002	70	3,084	27.44	3.64	$13,132
Aug 2002	157	3,880	25.96	3.16	$16,353
Jul 2002	25	1,895	24.58	3.06	$6,417
Jun 2002	137	1,925	23.73	3.34	$9,677
May 2002	56	1,816	24.66	3.58	$7,890
Apr 2002	65	2,169	23.65	3.51	$9,155
Mar 2002	124	2,486	22.00	3.10	$10,441
Feb 2002	81	2,146	18.22	2.38	$6,574
Jan 2002	98	2,536	17.17	2.38	$7,707
Dec 2001	77	2,399	16.93	2.36	$6,976
Nov 2001	160	2,330	18.07	2.41	$8,496
Oct 2001	101	1,897	19.78	2.53	$6,795
Sep 2001	42	1,326	24.26	2.25	$4,004
Aug 2001	128	2,074	24.87	3.05	$9,516
Jul 2001	65	1,360	23.93	3.20	$5,903
Jun 2001	7	2,354	24.56	3.82	$9,174
May 2001	0	2,856	25.52	4.31	$12,302
Apr 2001	0	2,333	24.68	5.34	$12,447
Mar 2001	0	2,252	24.54	5.38	$12,108
Feb 2001	0	2,068	27.75	5.77	$11,926
Jan 2001	0	2,270	27.47	8.40	$19,065
Dec 2000	0	1,485	26.88	9.12	$13,547
Nov 2000	0	1,515	32.21	5.66	$8,572
Oct 2000	0	2,477	31.23	5.15	$12,745
Sep 2000	0	2,518	31.87	5.19	$13,060
Aug 2000	0	2,436	29.64	4.54	$11,061
Jul 2000	0	1,738	28.53	4.09	$7,108
Jun 2000	0	1,336	29.30	4.40	$5,875
May 2000	0	2,059	27.26	3.68	$7,577
Apr 2000	0	1,676	24.51	3.12	$5,222
Mar 2000	0	1,988	28.42	2.86	$5,685
Feb 2000	0	1,543	27.62	2.73	$4,207
Jan 2000	0	1,434	25.27	2.48	$3,557
Dec 1999	0	1,988	24.28	2.42	$4,818
Nov 1999	0	1,043	23.19	2.43	$2,539
Oct 1999	0	1,272	20.98	2.80	$3,566
Sep 1999	1	1,645	21.75	2.62	$4,330
Aug 1999	29	2,764	19.26	2.88	$8,507
Jul 1999	29	2,838	17.89	2.37	$7,252
Jun 1999	24	3,112	15.94	2.36	$7,733
May 1999	24	3,104	15.79	2.32	$7,583
Apr 1999	23	3,092	15.10	2.21	$7,175
Mar 1999	25	2,788	12.47	1.84	$5,437
Feb 1999	16	3,128	9.98	1.82	$5,846
Jan 1999	14	2,529	10.38	1.90	$4,950
Dec 1998	28	2,065	9.20	1.77	$3,920
Nov 1998	23	1,766	10.89	2.19	$4,110
Oct 1998	32	2,278	12.42	1.97	$4,883
Sep 1998	26	1,920	12.59	2.08	$4,326
Aug 1998	3	2,137	11.30	1.91	$4,110
Jul 1998	28	2,314	11.74	2.24	$5,506
Jun 1998	8	2,755	11.24	2.24	$6,254
May 1998	7	2,521	12.62	2.21	$5,651
Apr 1998	16	2,619	13.04	2.51	$6,770
Mar 1998	31	2,576	12.80	2.31	$6,346
Feb 1998	29	1,744	13.95	2.30	$4,414
Jan 1998	30	1,883	14.70	2.15	$4,498
Dec 1997	11	1,801	16.32	2.41	$4,522
Nov 1997	23	1,282	18.19	3.09	$4,378
Oct 1997	5	1,919	19.25	3.15	$6,141
Sep 1997	30	1,985	17.74	2.95	$6,398
Aug 1997	24	2,476	17.86	2.55	$6,754
Jul 1997	23	2,409	17.58	2.25	$5,817
Jun 1997	34	2,291	17.24	2.26	$5,757
May 1997	34	2,604	18.97	2.31	$6,656
Apr 1997	81	2,584	17.88	2.08	$6,830
Mar 1997	29	2,205	18.95	1.94	$4,825
Feb 1997	25	1,941	20.49	2.21	$4,794
Jan 1997	30	2,546	23.48	3.54	$9,716
Dec 1996	27	2,999	23.32	—	$630
Nov 1996	27	2,531	21.97	—	$593
Oct 1996	29	3,080	23.31	—	$676
Sep 1996	28	3,100	22.22	—	$622
Aug 1996	57	3,214	20.26	—	$1,155
Jul 1996	32	3,738	19.55	—	$626
Jun 1996	55	2,568	18.73	—	$1,030
May 1996	107	2,461	19.43	—	$2,079
Apr 1996	54	3,321	21.51	—	$1,162
Mar 1996	62	3,567	19.38	—	$1,202
Feb 1996	55	4,419	16.98	—	$934
Jan 1996	61	3,793	17.07	—	$1,041
Dec 1995	63	3,209	17.19	—	$1,083
Nov 1995	61	3,174	16.00	—	$976
Oct 1995	70	4,657	15.43	—	$1,080
Sep 1995	70	4,760	16.18	—	$1,133
Aug 1995	64	3,864	15.92	—	$1,019
Jul 1995	64	4,964	15.24	—	$975
Jun 1995	83	4,509	16.41	—	$1,362
May 1995	132	5,320	17.56	—	$2,318
Apr 1995	84	4,758	17.73	—	$1,489
Mar 1995	31	4,234	16.44	—	$510
Feb 1995	28	4,251	16.58	—	$464
Jan 1995	33	4,972	15.92	—	$525
Dec 1994	30	4,754	15.03	—	$451
Nov 1994	27	5,133	15.90	—	$429
Oct 1994	31	1,787	15.58	—	$483
Sep 1994	31	5,051	15.29	—	$474
Aug 1994	21	5,381	16.13	—	$339
Jul 1994	18	5,243	17.56	—	$316
Jun 1994	13	4,759	17.09	—	$222
May 1994	28	5,718	15.88	—	$445
Apr 1994	30	5,353	14.14	—	$424
Mar 1994	31	4,209	12.46	—	$386
Feb 1994	25	4,150	12.50	—	$313
Jan 1994	106	5,127	12.66	—	$1,342
Dec 1993	86	5,280	12.33	—	$1,060
Nov 1993	32	5,317	14.49	—	$464
Oct 1993	16	5,640	15.85	—	$254
Sep 1993	2	6,116	15.03	—	$30
Aug 1993	9	6,191	15.66	—	$141
Jul 1993	7	6,250	15.46	—	$108
Jun 1993	6	5,692	16.79	—	$101
May 1993	3	5,518	17.68	—	$53
Apr 1993	60	5,415	18.05	—	$1,083
Mar 1993	869	5,605	18.14	—	$15,764
Feb 1993	64	4,726	17.90	—	$1,146
Jan 1993	29	6,582	16.93	—	$491

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 2014 — as filed, then multipliedworked

Condensate             0 bbl  × $ 95.94 =         $0
Gas                    2 Mcf  × $  4.81 =        $10

────────────────────────────────────────────────────
Month total                                      $10

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/99414 is the state's own key, not one this site invented.