UNIVERSITY 18-31

Name: UNIVERSITY 18-31 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 99622District 08Field 73927345NGPA filingCondensateGasSave Export

Value, all time

$2.4 M

Jan 1993 – Dec 2006

Value, last 12 filed months

$199 k

at the published price for each month

Months reported

168

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	4,655 bbl	$141,831
Gas	Production	697,605 Mcf	$2,231,907
Total			$2,373,738

281,554 Mcf of this lease's gas, across 44 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 31.5647, -103.2906. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.56473, -103.29062 · 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

6,865 ft

1 wells filed one

Completion to plug

6.6 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 6,865 ft.

Completions filed

May 2000

1 of 1 wells

Plug dates filed

Dec 2006

1 of 1 wells

Last completion to plug: a median of 6.6 years across the 1 well that filed both dates, with the middle half between 6.6 years and 6.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47532401	3	6,865 ft	May 2000	Dec 2006	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 (168)

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

168 months


Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	1	54.90	6.01	$6
Sep 2006	0	2	60.08	5.04	$10
Aug 2006	2	4	68.71	7.34	$167
Jul 2006	28	1,257	69.37	6.34	$9,915
Jun 2006	45	3,605	66.28	6.38	$25,996
May 2006	94	3,537	66.01	6.42	$28,930
Apr 2006	98	3,409	64.39	7.36	$31,402
Mar 2006	101	3,599	56.70	7.08	$31,218
Feb 2006	97	3,456	57.59	7.75	$32,374
Jan 2006	87	3,794	60.59	8.93	$39,164
Dec 2005	38	3,822	54.94	13.42	$53,361
Nov 2005	40	3,647	54.69	10.59	$40,803
Oct 2005	16	3,938	58.34	13.80	$55,261
Sep 2005	25	3,831	61.45	12.08	$47,811
Aug 2005	31	3,947	61.51	9.80	$40,575
Jul 2005	22	3,977	55.69	7.84	$32,419
Jun 2005	28	4,096	52.33	7.38	$31,698
May 2005	24	4,254	45.22	6.65	$29,379
Apr 2005	24	4,003	49.20	7.36	$30,645
Mar 2005	12	4,278	50.37	7.15	$31,213
Feb 2005	0	3,791	45.22	6.31	$23,928
Jan 2005	6	3	43.16	6.32	$278
Dec 2004	28	4,835	39.86	6.75	$33,758
Nov 2004	23	379	45.28	6.33	$3,441
Oct 2004	26	5,731	49.70	6.52	$38,630
Sep 2004	24	5,141	43.24	5.28	$28,202
Aug 2004	22	4,910	42.37	5.55	$28,186
Jul 2004	21	4,801	38.28	6.08	$30,014
Jun 2004	28	5,215	36.10	6.43	$34,559
May 2004	45	5,038	37.48	6.49	$34,406
Apr 2004	32	4,515	34.47	5.86	$27,554
Mar 2004	20	4,744	34.36	5.53	$26,922
Feb 2004	0	5,809	32.45	5.51	$32,005
Jan 2004	8	5,884	32.03	6.30	$37,323
Dec 2003	31	5,572	30.26	6.30	$36,051
Nov 2003	63	5,463	28.80	4.60	$26,918
Oct 2003	27	5,873	28.17	4.76	$28,714
Sep 2003	22	5,647	26.31	4.75	$27,398
Aug 2003	30	5,887	29.76	5.13	$31,091
Jul 2003	28	6,101	29.41	5.17	$32,371
Jun 2003	19	5,859	28.56	5.98	$35,597
May 2003	28	6,156	26.59	5.97	$37,512
Apr 2003	27	6,084	26.67	5.41	$33,618
Mar 2003	1	6,535	31.14	6.10	$39,869
Feb 2003	3	5,418	33.48	7.93	$43,043
Jan 2003	62	7,486	30.31	5.58	$43,666
Dec 2002	53	7,167	26.91	4.85	$36,213
Nov 2002	99	7,370	24.66	4.14	$32,931
Oct 2002	87	7,526	26.46	4.23	$34,130
Sep 2002	81	6,215	27.44	3.64	$24,815
Aug 2002	77	6,936	25.96	3.16	$23,946
Jul 2002	67	6,065	24.58	3.06	$20,216
Jun 2002	66	6,267	23.73	3.34	$22,487
May 2002	72	5,465	24.66	3.58	$21,362
Apr 2002	87	5,722	23.65	3.51	$22,155
Mar 2002	111	4,515	22.00	3.10	$16,451
Feb 2002	124	5,346	18.22	2.38	$14,960
Jan 2002	146	5,552	17.17	2.38	$15,697
Dec 2001	112	6,623	16.93	2.36	$17,556
Nov 2001	83	6,779	18.07	2.41	$17,807
Oct 2001	55	7,160	19.78	2.53	$19,195
Sep 2001	42	7,196	24.26	2.25	$17,219
Aug 2001	65	7,377	24.87	3.05	$24,140
Jul 2001	35	5,704	23.93	3.20	$19,074
Jun 2001	42	4,535	24.56	3.82	$18,374
May 2001	46	6,746	25.52	4.31	$30,231
Apr 2001	188	7,995	24.68	5.34	$47,296
Mar 2001	0	1,410	24.54	5.38	$7,581
Feb 2001	3	4,832	27.75	5.77	$27,950
Jan 2001	16	4,429	27.47	8.40	$37,638
Dec 2000	219	6,285	26.88	9.12	$63,222
Nov 2000	46	7,981	32.21	5.66	$46,638
Oct 2000	162	9,928	31.23	5.15	$56,144
Sep 2000	88	10,927	31.87	5.19	$59,477
Aug 2000	75	13,642	29.64	4.54	$64,168
Jul 2000	39	11,812	28.53	4.09	$49,421
Jun 2000	31	11,807	29.30	4.40	$52,827
May 2000	24	3,005	27.26	3.68	$11,712
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	16	28.42	2.86	$46
Feb 2000	0	32	27.62	2.73	$87
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	0	0	12.62	2.21	$0
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	0	90	17.74	2.95	$266
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	260	18.97	2.31	$600
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	0	0	21.97	—	$0
Oct 1996	0	737	23.31	—	$0
Sep 1996	0	155	22.22	—	$0
Aug 1996	0	0	20.26	—	$0
Jul 1996	3	88	19.55	—	$59
Jun 1996	27	206	18.73	—	$506
May 1996	5	175	19.43	—	$97
Apr 1996	0	315	21.51	—	$0
Mar 1996	0	355	19.38	—	$0
Feb 1996	0	360	16.98	—	$0
Jan 1996	0	325	17.07	—	$0
Dec 1995	0	167	17.19	—	$0
Nov 1995	0	150	16.00	—	$0
Oct 1995	0	230	15.43	—	$0
Sep 1995	0	351	16.18	—	$0
Aug 1995	0	565	15.92	—	$0
Jul 1995	0	436	15.24	—	$0
Jun 1995	0	475	16.41	—	$0
May 1995	0	167	17.56	—	$0
Apr 1995	0	512	17.73	—	$0
Mar 1995	0	158	16.44	—	$0
Feb 1995	0	97	16.58	—	$0
Jan 1995	0	236	15.92	—	$0
Dec 1994	6	2,771	15.03	—	$90
Nov 1994	20	9,096	15.90	—	$318
Oct 1994	30	9,966	15.58	—	$467
Sep 1994	21	9,147	15.29	—	$321
Aug 1994	28	9,749	16.13	—	$452
Jul 1994	18	8,840	17.56	—	$316
Jun 1994	26	9,851	17.09	—	$444
May 1994	30	10,130	15.88	—	$476
Apr 1994	34	10,428	14.14	—	$481
Mar 1994	28	11,029	12.46	—	$349
Feb 1994	31	10,158	12.50	—	$388
Jan 1994	2	11,645	12.66	—	$25
Dec 1993	39	12,361	12.33	—	$481
Nov 1993	39	12,610	14.49	—	$565
Oct 1993	46	13,581	15.85	—	$729
Sep 1993	57	13,989	15.03	—	$857
Aug 1993	49	16,244	15.66	—	$767
Jul 1993	16	17,115	15.46	—	$247
Jun 1993	91	19,122	16.79	—	$1,528
May 1993	1	0	17.68	—	$18
Apr 1993	8	7,583	18.05	—	$144
Mar 1993	22	16,602	18.14	—	$399
Feb 1993	71	15,380	17.90	—	$1,271
Jan 1993	30	17,897	16.93	—	$508

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.

Oct 2006 — as filed, then multipliedworked

Condensate             0 bbl  × $ 54.90 =         $0
Gas                    1 Mcf  × $  6.01 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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/99622 is the state's own key, not one this site invented.