UNIVERSITY -29-

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

Operated by GAP EXPLORATION, LTD. (P-5 293692) in the ANDREWS, SOUTH (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10822District 08Field 02730852Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$359 k

Jan 1993 – Mar 2008

Value, last 12 filed months

at the published price for each month

Months reported

183

no gaps in the span

Streams

oil, casinghead gas

The ANDREWS, SOUTH (WOLFCAMP) 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 131 wells, and the rule below applies to all of them.

Discovered

1953-09-14

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres.

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.

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
Oil	Disposition	18,717 bbl	$359,338
Casinghead gas	Production	2,942 Mcf	$6
Total			$359,343

2,940 Mcf of this lease's gas, across 43 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 (2)

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 32.1735, -102.4801. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.17345, -102.48006 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

9,633 ft

2 wells filed one

Completion to plug

26.3 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 9,066 and 10,200 ft, median 9,633 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1957 – Mar 1983

2 of 2 wells

Plug dates filed

May 1989 – Jul 2003

2 of 2 wells

Last completion to plug: a median of 26.3 years across the 2 wells that filed both dates, with the middle half between 16.3 years and 36.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-00333319	2	10,200 ft	Mar 1983	May 1989	Yes
42-00301089	1	9,066 ft	Mar 1957	Jul 2003	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 (183)

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

183 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	64	0	29.76	5.13	$1,905
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	1	0	28.56	5.98	$29
May 2003	0	0	26.59	5.97	$0
Apr 2003	135	0	26.67	5.41	$3,600
Mar 2003	2	0	31.14	6.10	$62
Feb 2003	131	0	33.48	7.93	$4,386
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	150	0	26.91	4.85	$4,037
Nov 2002	181	0	24.66	4.14	$4,463
Oct 2002	165	0	26.46	4.23	$4,366
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	169	0	25.96	3.16	$4,387
Jul 2002	164	0	24.58	3.06	$4,031
Jun 2002	164	0	23.73	3.34	$3,892
May 2002	174	0	24.66	3.58	$4,291
Apr 2002	157	0	23.65	3.51	$3,713
Mar 2002	170	0	22.00	3.10	$3,740
Feb 2002	1	0	18.22	2.38	$18
Jan 2002	152	0	17.17	2.38	$2,610
Dec 2001	145	0	16.93	2.36	$2,455
Nov 2001	153	0	18.07	2.41	$2,765
Oct 2001	168	0	19.78	2.53	$3,323
Sep 2001	144	0	24.26	2.25	$3,493
Aug 2001	153	0	24.87	3.05	$3,805
Jul 2001	165	0	23.93	3.20	$3,948
Jun 2001	137	0	24.56	3.82	$3,365
May 2001	168	0	25.52	4.31	$4,287
Apr 2001	155	0	24.68	5.34	$3,825
Mar 2001	159	0	24.54	5.38	$3,902
Feb 2001	160	0	27.75	5.77	$4,440
Jan 2001	151	0	27.47	8.40	$4,148
Dec 2000	150	0	26.88	9.12	$4,032
Nov 2000	148	0	32.21	5.66	$4,767
Oct 2000	148	0	31.23	5.15	$4,622
Sep 2000	153	0	31.87	5.19	$4,876
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	152	0	28.53	4.09	$4,337
Jun 2000	149	0	29.30	4.40	$4,366
May 2000	155	0	27.26	3.68	$4,225
Apr 2000	154	0	24.51	3.12	$3,775
Mar 2000	155	0	28.42	2.86	$4,405
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	309	0	25.27	2.48	$7,808
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	325	0	23.19	2.43	$7,537
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	1	0	21.75	2.62	$22
Aug 1999	164	0	19.26	2.88	$3,159
Jul 1999	1	0	17.89	2.37	$18
Jun 1999	164	0	15.94	2.36	$2,614
May 1999	0	0	15.79	2.32	$0
Apr 1999	177	0	15.10	2.21	$2,673
Mar 1999	344	0	12.47	1.84	$4,290
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	176	0	10.38	1.90	$1,827
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	169	0	10.89	2.19	$1,840
Oct 1998	182	0	12.42	1.97	$2,260
Sep 1998	2	0	12.59	2.08	$25
Aug 1998	173	0	11.30	1.91	$1,955
Jul 1998	170	0	11.74	2.24	$1,996
Jun 1998	162	0	11.24	2.24	$1,821
May 1998	0	0	12.62	2.21	$0
Apr 1998	158	0	13.04	2.51	$2,060
Mar 1998	165	0	12.80	2.31	$2,112
Feb 1998	168	0	13.95	2.30	$2,344
Jan 1998	156	0	14.70	2.15	$2,293
Dec 1997	160	0	16.32	2.41	$2,611
Nov 1997	169	0	18.19	3.09	$3,074
Oct 1997	3	0	19.25	3.15	$58
Sep 1997	165	1	17.74	2.95	$2,930
Aug 1997	173	1	17.86	2.55	$3,092
Jul 1997	166	0	17.58	2.25	$2,918
Jun 1997	156	0	17.24	2.26	$2,689
May 1997	172	0	18.97	2.31	$3,263
Apr 1997	318	0	17.88	2.08	$5,686
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	146	0	20.49	2.21	$2,992
Jan 1997	164	0	23.48	3.54	$3,851
Dec 1996	157	0	23.32	—	$3,661
Nov 1996	170	0	21.97	—	$3,735
Oct 1996	159	0	23.31	—	$3,706
Sep 1996	162	0	22.22	—	$3,600
Aug 1996	160	1	20.26	—	$3,242
Jul 1996	162	1	19.55	—	$3,167
Jun 1996	159	0	18.73	—	$2,978
May 1996	160	1	19.43	—	$3,109
Apr 1996	171	1	21.51	—	$3,678
Mar 1996	160	1	19.38	—	$3,101
Feb 1996	149	1	16.98	—	$2,530
Jan 1996	184	1	17.07	—	$3,141
Dec 1995	185	87	17.19	—	$3,180
Nov 1995	0	14	16.00	—	$0
Oct 1995	161	100	15.43	—	$2,484
Sep 1995	163	106	16.18	—	$2,637
Aug 1995	174	115	15.92	—	$2,770
Jul 1995	172	117	15.24	—	$2,621
Jun 1995	173	109	16.41	—	$2,839
May 1995	174	114	17.56	—	$3,055
Apr 1995	171	113	17.73	—	$3,032
Mar 1995	184	113	16.44	—	$3,025
Feb 1995	168	119	16.58	—	$2,785
Jan 1995	173	60	15.92	—	$2,754
Dec 1994	179	119	15.03	—	$2,690
Nov 1994	184	112	15.90	—	$2,926
Oct 1994	185	62	15.58	—	$2,882
Sep 1994	175	62	15.29	—	$2,676
Aug 1994	184	62	16.13	—	$2,968
Jul 1994	175	62	17.56	—	$3,073
Jun 1994	184	62	17.09	—	$3,145
May 1994	175	62	15.88	—	$2,779
Apr 1994	168	62	14.14	—	$2,376
Mar 1994	182	62	12.46	—	$2,268
Feb 1994	168	62	12.50	—	$2,100
Jan 1994	226	62	12.66	—	$2,861
Dec 1993	181	62	12.33	—	$2,232
Nov 1993	179	62	14.49	—	$2,594
Oct 1993	181	62	15.85	—	$2,869
Sep 1993	182	62	15.03	—	$2,735
Aug 1993	176	62	15.66	—	$2,756
Jul 1993	187	62	15.46	—	$2,891
Jun 1993	366	62	16.79	—	$6,145
May 1993	179	62	17.68	—	$3,165
Apr 1993	185	63	18.05	—	$3,339
Mar 1993	351	62	18.14	—	$6,367
Feb 1993	179	88	17.90	—	$3,204
Jan 1993	175	206	16.93	—	$2,963

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.

Aug 2003 — as filed, then multipliedworked

Oil                   64 bbl  × $ 29.76 =     $1,905
Casinghead gas         0 Mcf  × $  5.13 =         $0

────────────────────────────────────────────────────
Month total                                   $1,905

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/O/10822 is the state's own key, not one this site invented.