UNIVERSITY -2-9-

Name: UNIVERSITY -2-9- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) in the FASKEN (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14874District 08Field 30394750OilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – May 2000

Value, last 12 filed months

$108 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The FASKEN (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 45 leases and 76 wells, and the rule below applies to all of them.

Discovered

1952-11-24

as the register files it

Field class

Oil

the register's own label

Between wells

1,300 ft

minimum

From a lease line

510 ft

minimum

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

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	56,362 bbl	$943,116
Casinghead gas	Production	217,075 Mcf	$205,594
Total			$1,148,711

129,760 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 32.2247, -102.4375. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.22472, -102.43749 · 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

11,255 ft

1 wells filed one

Completion to plug

40.0 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 11,255 ft.

Completions filed

Mar 1960

1 of 1 wells

Plug dates filed

Mar 2000

1 of 1 wells

Last completion to plug: a median of 40.0 years across the 1 well that filed both dates, with the middle half between 40.0 years and 40.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-00300430	1	11,255 ft	Mar 1960	Mar 2000	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 (89)

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

89 months


May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	285	0	28.42	2.86	$8,100
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	283	54	25.27	2.48	$7,285
Dec 1999	0	791	24.28	2.42	$1,917
Nov 1999	340	2,157	23.19	2.43	$13,135
Oct 1999	697	2,355	20.98	2.80	$21,226
Sep 1999	344	2,315	21.75	2.62	$13,545
Aug 1999	692	2,659	19.26	2.88	$20,974
Jul 1999	313	2,249	17.89	2.37	$10,935
Jun 1999	344	2,344	15.94	2.36	$11,020
May 1999	665	2,378	15.79	2.32	$16,020
Apr 1999	318	2,342	15.10	2.21	$9,973
Mar 1999	678	2,486	12.47	1.84	$13,025
Feb 1999	688	2,260	9.98	1.82	$10,974
Jan 1999	38	2,423	10.38	1.90	$4,998
Dec 1998	684	2,177	9.20	1.77	$10,153
Nov 1998	342	1,954	10.89	2.19	$7,995
Oct 1998	704	2,639	12.42	1.97	$13,940
Sep 1998	338	2,641	12.59	2.08	$9,756
Aug 1998	779	2,532	11.30	1.91	$13,632
Jul 1998	695	2,670	11.74	2.24	$14,133
Jun 1998	330	2,588	11.24	2.24	$9,499
May 1998	694	2,555	12.62	2.21	$14,395
Apr 1998	701	2,483	13.04	2.51	$15,362
Mar 1998	684	2,328	12.80	2.31	$14,132
Feb 1998	345	2,275	13.95	2.30	$10,043
Jan 1998	357	2,104	14.70	2.15	$9,782
Dec 1997	680	2,545	16.32	2.41	$17,234
Nov 1997	695	2,576	18.19	3.09	$20,597
Oct 1997	830	2,779	19.25	3.15	$24,731
Sep 1997	702	2,465	17.74	2.95	$19,737
Aug 1997	408	3,091	17.86	2.55	$15,184
Jul 1997	734	2,812	17.58	2.25	$19,222
Jun 1997	746	2,225	17.24	2.26	$17,883
May 1997	766	2,727	18.97	2.31	$20,826
Apr 1997	745	2,505	17.88	2.08	$18,538
Mar 1997	757	2,849	18.95	1.94	$19,870
Feb 1997	482	2,490	20.49	2.21	$15,369
Jan 1997	626	2,492	23.48	3.54	$23,519
Dec 1996	1,045	2,734	23.32	—	$24,369
Nov 1996	584	2,104	21.97	—	$12,830
Oct 1996	1,256	2,612	23.31	—	$29,277
Sep 1996	94	2,463	22.22	—	$2,089
Aug 1996	747	2,803	20.26	—	$15,134
Jul 1996	732	2,625	19.55	—	$14,311
Jun 1996	699	2,500	18.73	—	$13,092
May 1996	703	1,800	19.43	—	$13,659
Apr 1996	702	2,163	21.51	—	$15,100
Mar 1996	1,030	2,707	19.38	—	$19,961
Feb 1996	348	2,024	16.98	—	$5,909
Jan 1996	704	2,857	17.07	—	$12,017
Dec 1995	975	2,555	17.19	—	$16,760
Nov 1995	781	2,790	16.00	—	$12,496
Oct 1995	791	3,064	15.43	—	$12,205
Sep 1995	576	2,556	16.18	—	$9,320
Aug 1995	763	3,008	15.92	—	$12,147
Jul 1995	1,120	3,256	15.24	—	$17,069
Jun 1995	396	2,577	16.41	—	$6,498
May 1995	4	1,991	17.56	—	$70
Apr 1995	1,132	2,962	17.73	—	$20,070
Mar 1995	376	2,941	16.44	—	$6,181
Feb 1995	745	2,587	16.58	—	$12,352
Jan 1995	939	2,810	15.92	—	$14,949
Dec 1994	576	2,876	15.03	—	$8,657
Nov 1994	775	2,896	15.90	—	$12,323
Oct 1994	552	2,951	15.58	—	$8,600
Sep 1994	911	2,788	15.29	—	$13,929
Aug 1994	728	2,932	16.13	—	$11,743
Jul 1994	1,065	2,681	17.56	—	$18,701
Jun 1994	552	2,732	17.09	—	$9,434
May 1994	657	2,767	15.88	—	$10,433
Apr 1994	783	2,964	14.14	—	$11,072
Mar 1994	354	2,926	12.46	—	$4,411
Feb 1994	877	2,198	12.50	—	$10,963
Jan 1994	657	2,688	12.66	—	$8,318
Dec 1993	871	2,628	12.33	—	$10,739
Nov 1993	704	2,899	14.49	—	$10,201
Oct 1993	1,038	3,070	15.85	—	$16,452
Sep 1993	1,005	3,194	15.03	—	$15,105
Aug 1993	348	2,545	15.66	—	$5,450
Jul 1993	1,071	2,464	15.46	—	$16,558
Jun 1993	858	2,566	16.79	—	$14,406
May 1993	710	3,334	17.68	—	$12,553
Apr 1993	706	2,891	18.05	—	$12,743
Mar 1993	888	3,081	18.14	—	$16,108
Feb 1993	716	2,512	17.90	—	$12,816
Jan 1993	1,209	2,688	16.93	—	$20,468

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.

Mar 2000 — as filed, then multipliedworked

Oil                  285 bbl  × $ 28.42 =     $8,100
Casinghead gas         0 Mcf  × $  2.86 =         $0

────────────────────────────────────────────────────
Month total                                   $8,100

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/14874 is the state's own key, not one this site invented.