UNIVERSITY -D-

Operated by LIBERTAD OPERATING LLC (P-5 500295) in the COWDEN, NORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16304District 08Field 21289001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$8.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$29 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 193 leases and 3,124 wells, and the rule below applies to all of them.

Discovered
1930-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
880 ft
minimum
From a lease line
440 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1974-03-03.

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: OPTIONAL 20ACRE UNITS PER #8-64059 6-3-74

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
OilDisposition162,806 bbl$8,080,629
Casinghead gasProduction21,531 Mcf$92,251
Total$8,172,881

2,451 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 (4)

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 32.1251, -102.5354. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.12514, -102.53569 · 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
75.0%
3 of 4 wells
With a plug date
75.0%
3 of 4 wells
Median depth
4,800 ft
3 wells filed one
Completion to plug
21.8 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
375.0%
A plug date is filed
375.0%
BothOn the schedule and plugged. Neither fact cancels the other.
375.0%
NeitherNo plug date, and not on the schedule.
125.0%

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 4,753 and 4,930 ft, median 4,800 ft, over the 3 wells that filed a depth.

Completions filed
Dec 1961 – Oct 1986
4 of 4 wells
Plug dates filed
Oct 1983 – Oct 2011
3 of 4 wells; 1 filed none

Last completion to plug: a median of 21.8 years across the 3 wells that filed both dates, with the middle half between 17.0 years and 24.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0033562284,930 ftOct 1986Nov 1998Yes
42-003005252Dec 1985
42-0033395334,800 ftMar 1984Oct 2011Yes
42-0030052614,753 ftDec 1961Oct 1983Yes

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 2026180089.753.15$16,155
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 2025194063.933.01$12,402
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024170068.993.12$11,728
Nov 2024356069.052.20$24,582
Oct 2024355071.372.28$25,336
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 2024177079.932.15$14,148
Jun 2024356078.082.63$27,796
May 2024176078.812.20$13,871
Apr 2024184084.451.66$15,539
Mar 2024359080.301.55$28,828
Feb 2024357076.091.78$27,164
Jan 2024356073.023.30$25,995
Dec 2023178071.262.61$12,684
Nov 2023180077.892.81$14,020
Oct 2023353085.443.09$30,160
Sep 2023355089.042.74$31,609
Aug 2023176080.522.67$14,172
Jul 2023180074.852.64$13,473
Jun 2023350068.962.26$24,136
May 2023348070.622.23$24,576
Apr 2023172078.122.24$13,437
Mar 2023344072.852.39$25,060
Feb 2023337075.112.47$25,312
Jan 2023167076.533.39$12,781
Dec 2022342076.415.73$26,132
Nov 2022342085.005.65$29,070
Oct 2022343087.185.86$29,903
Sep 2022170084.888.16$14,430
Aug 2022346094.529.13$32,704
Jul 20223470101.587.54$35,248
Jun 20221690115.097.98$19,450
May 20221710109.378.43$18,702
Apr 202200104.226.84$0
Mar 20225210108.885.08$56,726
Feb 2022346091.054.86$31,503
Jan 2022342081.844.54$27,989
Dec 2021351071.323.90$25,033
Nov 2021357077.435.24$27,643
Oct 2021348079.795.71$27,767
Sep 2021527069.865.35$36,816
Aug 2021347066.024.22$22,909
Jul 20210070.783.98$0
Jun 2021343069.493.38$23,835
May 2021364063.483.02$23,107
Apr 2021346060.362.76$20,885
Mar 2021351061.302.72$21,516
Feb 2021167057.805.55$9,653
Jan 2021516050.412.81$26,012
Dec 2020335044.642.68$14,954
Nov 2020330038.772.71$12,794
Oct 2020346036.972.48$12,792
Sep 2020343037.091.99$12,722
Aug 2020340039.982.39$13,593
Jul 2020347038.371.83$13,314
Jun 2020668034.901.69$23,313
May 20200016.921.81$0
Apr 2020687014.751.80$10,133
Mar 2020170030.341.86$5,158
Feb 2020538049.881.98$26,835
Jan 20200057.252.09$0
Dec 2019349059.012.30$20,594
Nov 2019354055.302.75$19,576
Oct 2019335053.472.42$17,912
Sep 2019340055.052.66$18,717
Aug 2019175053.112.30$9,294
Jul 2019170056.272.46$9,566
Jun 2019332052.782.49$17,523
May 2019341058.482.74$19,942
Apr 2019336062.632.75$21,044
Mar 2019343056.803.06$19,482
Feb 2019330050.852.79$16,781
Jan 2019329046.033.23$15,144
Dec 2018504046.594.19$23,481
Nov 2018161052.934.24$8,522
Oct 2018500061.443.40$30,720
Sep 2018160059.543.11$9,526
Aug 2018335059.403.07$19,899
Jul 2018322065.142.93$20,975
Jun 2018511060.183.08$30,752
May 2018342065.382.90$22,360
Apr 2018170063.842.90$10,853
Mar 2018355061.222.79$21,733
Feb 2018172061.782.77$10,626
Jan 2018338062.874.01$21,250
Dec 2017327057.272.92$18,727
Nov 2017308055.423.12$17,069
Oct 2017344049.292.98$16,956
Sep 2017341047.523.09$16,204
Aug 2017342045.373.00$15,517
Jul 2017339043.873.09$14,872
Jun 2017520042.493.09$22,095
May 2017170045.373.26$7,713
Apr 2017174047.933.21$8,340
Mar 2017355046.772.98$16,603
Feb 2017319050.452.95$16,094
Jan 2017316049.413.42$15,614
Dec 2016512048.763.72$24,965
Nov 2016175042.492.64$7,436
Oct 2016516046.193.09$23,834
Sep 2016161041.553.10$6,690
Aug 2016511041.442.92$21,176
Jul 2016153041.622.92$6,368
Jun 2016490045.352.69$22,222
May 2016150042.521.99$6,378
Apr 2016339036.561.99$12,394
Mar 2016343033.011.79$11,322
Feb 2016480026.472.06$12,706
Jan 2016343027.352.36$9,381
Dec 2015345032.362.00$11,164
Nov 2015169038.792.17$6,556
Oct 2015477043.552.43$20,773
Sep 2015520042.992.76$22,355
Aug 2015355040.162.87$14,257
Jul 2015341048.152.95$16,419
Jun 2015837056.152.88$46,998
May 2015173055.212.96$9,551
Apr 2015350049.822.71$17,437
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 2015676043.433.10$29,359
Dec 20140054.693.59$0
Nov 2014514070.464.25$36,216
Oct 2014891078.303.90$69,765
Sep 20140086.164.05$0
Aug 201409089.394.04$363
Jul 20143279096.564.18$31,951
Jun 20141779098.164.74$17,801
May 20146909094.734.73$65,789
Apr 20143559095.944.81$34,492
Mar 20143439095.895.06$33,345
Feb 20143439097.406.19$33,965
Jan 20143419090.404.86$31,264
Dec 20135119091.824.35$47,312
Nov 20136729088.853.74$60,044
Oct 20131799097.423.78$17,778
Sep 201351090104.113.72$53,431
Aug 201351690104.253.52$54,110
Jul 201317690102.523.72$18,378
Jun 20135089094.403.93$48,309
May 20131769094.834.15$17,064
Apr 20135259093.964.28$49,714
Mar 20133439093.623.91$32,464
Feb 20135009091.233.42$45,923
Jan 20136999091.603.42$64,336
Dec 20123229086.773.42$28,248
Nov 20123529086.953.62$30,933
Oct 20127099089.383.40$63,676
Sep 20123579094.672.92$34,060
Aug 201209092.662.91$262
Jul 20123439085.133.02$29,471
Jun 20123459079.822.52$27,765
May 20123399091.612.49$31,280
Apr 201235190101.652.00$35,859
Mar 201234690105.052.22$36,547
Feb 2012090101.102.57$231
Jan 20123269098.092.73$32,223
Dec 20113409096.873.24$33,227
Nov 20113449095.723.31$33,226
Oct 20111789084.983.65$15,455
Sep 20113479083.623.99$29,375
Aug 20113549083.404.15$29,897
Jul 20115249094.144.52$49,736
Jun 20111639092.904.64$15,560
May 20113499098.134.40$34,644
Apr 201150590105.964.33$53,900
Mar 20116979096.364.06$67,528
Feb 20113549085.644.18$30,693
Jan 20116899086.504.59$60,011
Dec 20103339085.734.35$28,939
Nov 20101749080.843.80$14,408
Oct 20106769078.103.51$53,111
Sep 20103519072.633.98$25,851
Aug 20105339073.684.42$39,669
Jul 20103519072.554.74$25,891
Jun 20107049070.364.91$49,975
May 20103489071.124.24$25,131
Apr 20103489081.694.12$28,799
Mar 20103519078.394.39$27,910
Feb 20103609073.585.44$26,979
Jan 20108759074.365.96$65,602
Dec 20095129071.445.48$37,071
Nov 200909074.593.75$338
Oct 20095309072.544.11$38,816
Sep 20095109065.543.06$33,701
Aug 20095309067.423.22$36,022
Jul 20095249061.133.46$32,344
Jun 20095249066.163.90$35,018
May 20091769054.743.93$9,988
Apr 20095299046.773.59$25,064
Mar 20097029042.144.06$29,948
Feb 20093519032.814.63$11,933
Jan 20095349035.865.37$19,633
Dec 20085289037.105.98$20,127
Nov 20085309055.496.86$30,027
Oct 20085319075.246.92$40,575
Sep 200851590101.767.88$53,115
Aug 200870090114.228.48$80,717
Jul 200851690131.0811.39$68,662
Jun 200834890131.3313.03$46,876
May 200834690123.1711.57$43,659
Apr 200870690110.3110.45$78,820
Mar 200852290101.909.66$54,062
Feb 20085289092.538.77$49,645
Jan 20088859090.388.21$80,725
Dec 20075269088.337.30$47,119
Nov 20071749091.677.29$16,607
Oct 20076889082.856.92$57,624
Sep 20075229075.846.24$40,150
Aug 20074649069.066.39$32,619
Jul 20073499070.906.39$25,319
Jun 20073549062.007.55$22,627
May 20075279058.747.85$31,662
Apr 20075199059.617.81$31,640
Mar 20075249056.927.30$30,483
Feb 20073469055.108.22$19,804
Jan 20077039050.306.73$35,966
Dec 20065229056.656.92$30,194
Nov 20066949054.207.62$38,300
Oct 20065279054.906.01$29,474
Sep 20067059060.085.04$42,810
Aug 20063379068.717.34$23,816
Jul 20065109069.376.34$35,950
Jun 20061739066.286.38$12,041
May 20066879066.016.42$45,927
Apr 20065339064.397.36$34,982
Mar 20065039056.707.08$29,158
Feb 20065279057.597.75$31,048
Jan 20068699060.598.93$53,457
Dec 20055199054.9413.42$29,721
Nov 20053519054.6910.59$20,149
Oct 20053499058.3413.80$21,602
Sep 20055229061.4512.08$33,164
Aug 20053609061.519.80$23,025
Jul 20055379055.697.84$30,611
Jun 20055289052.337.38$28,295
May 20053589045.226.65$16,787
Apr 20055369049.207.36$27,034
Mar 20055249050.377.15$27,038
Feb 20056889045.226.31$31,679
Jan 20056949043.166.32$30,522
Dec 20046819039.866.75$27,752
Nov 20046759045.286.33$31,134
Oct 20046999049.706.52$35,327
Sep 20046949043.245.28$30,484
Aug 20041,0529042.375.55$45,073
Jul 20041,0319038.286.08$40,014
Jun 20041,0319036.106.43$37,798
May 20041,0559037.486.49$40,126
Apr 20048679034.475.86$30,413
Mar 20046969034.365.53$24,412
Feb 20048939032.455.51$29,474
Jan 20045479032.036.30$18,087
Dec 20031,0979030.266.30$33,762
Nov 20039109028.804.60$26,622
Oct 20031,2579028.174.76$35,838
Sep 20035359026.314.75$14,503
Aug 20031,0689029.765.13$32,245
Jul 20039269029.415.17$27,699
Jun 20035349028.565.98$15,790
May 20031,0679026.595.97$28,909
Apr 20035409026.675.41$14,888
Mar 20039109031.146.10$28,886
Feb 20031,2849033.487.93$43,702
Jan 20037399030.315.58$22,901
Dec 20025289026.914.85$14,645
Nov 20025459024.664.14$13,812
Oct 20027409026.464.23$19,961
Sep 20021,0499027.443.64$29,112
Aug 20027069025.963.16$18,613
Jul 20025129024.583.06$12,861
Jun 20025499023.733.34$13,328
May 20027109024.663.58$17,831
Apr 20028709023.653.51$20,892
Mar 20027199022.003.10$16,097
Feb 20027339018.222.38$13,569
Jan 20029409017.172.38$16,354
Dec 20018969016.932.36$15,382
Nov 20017209018.072.41$13,227
Oct 20017419019.782.53$14,885
Sep 20019389024.262.25$22,959
Aug 20015479024.873.05$13,879
Jul 20019009023.933.20$21,825
Jun 20017209024.563.82$18,027
May 20017169025.524.31$18,660
Apr 20015449024.685.34$13,906
Mar 20017169024.545.38$18,055
Feb 20017259027.755.77$20,638
Jan 20019459027.478.40$26,715
Dec 20007209026.889.12$20,175
Nov 20009259032.215.66$30,303
Oct 20009259031.235.15$29,351
Sep 20007409031.875.19$24,051
Aug 20001,2389029.644.54$37,103
Jul 20007269028.534.09$21,081
Jun 20001,0829029.304.40$32,098
May 20001,0849027.263.68$29,881
Apr 20009329024.513.12$23,124
Mar 20007249028.422.86$20,833
Feb 20003809027.622.73$10,741
Jan 20005469025.272.48$14,021
Dec 19991829024.282.42$4,637
Nov 19993839023.192.43$9,101
Oct 19993689020.982.80$7,973
Sep 19993729021.752.62$8,327
Aug 19991889019.262.88$3,880
Jul 19991889017.892.37$3,577
Jun 199909015.942.36$213
May 19991669015.792.32$2,830
Apr 19991429015.102.21$2,343
Mar 199909012.471.84$165
Feb 1999376909.981.82$3,916
Jan 199909010.381.90$171
Dec 1998360909.201.77$3,472
Nov 19985589010.892.19$6,273
Oct 19983649012.421.97$4,698
Sep 19983549012.592.08$4,644
Aug 19983609011.301.91$4,240
Jul 19981829011.742.24$2,338
Jun 19985409011.242.24$6,271
May 19981889012.622.21$2,571
Apr 19981899013.042.51$2,690
Mar 19983719012.802.31$4,957
Feb 19981849013.952.30$2,774
Jan 19983829014.702.15$5,809
Dec 19972009016.322.41$3,481
Nov 19973629018.193.09$6,863
Oct 19971849019.253.15$3,825
Sep 19973629017.742.95$6,688
Aug 19973789017.862.55$6,981
Jul 19971809017.582.25$3,367
Jun 19975629017.242.26$9,892
May 19974809018.972.31$9,313
Apr 199709017.882.08$187
Mar 199709018.951.94$175
Feb 19974789020.492.21$9,993
Jan 19974829023.483.54$11,636
Dec 199609023.32$0
Nov 19964099021.97$8,986
Oct 19964769023.31$11,096
Sep 199609022.22$0
Aug 199609020.26$0
Jul 19964739019.55$9,247
Jun 19964739018.73$8,859
May 199609019.43$0
Apr 19964839021.51$10,389
Mar 199609019.38$0
Feb 19964699016.98$7,964
Jan 199609017.07$0
Dec 199509017.19$0
Nov 19954769016.00$7,616
Oct 19954789015.43$7,376
Sep 199509016.18$0
Aug 19954739015.92$7,530
Jul 19954699015.24$7,148
Jun 199509016.41$0
May 19954789017.56$8,394
Apr 199509017.73$0
Mar 19954789016.44$7,858
Feb 199509016.58$0
Jan 19954789015.92$7,610
Dec 199409015.03$0
Nov 19944789015.90$7,600
Oct 19944769015.58$7,416
Sep 19940115.29$0
Aug 1994471116.13$7,597
Jul 19940117.56$0
Jun 1994473117.09$8,084
May 1994476115.88$7,559
Apr 19940114.14$0
Mar 1994478112.46$5,956
Feb 19940112.50$0
Jan 1994482112.66$6,102
Dec 1993480112.33$5,918
Nov 19930114.49$0
Oct 1993478115.85$7,576
Sep 19930115.03$0
Aug 1993447115.66$7,000
Jul 19930115.46$0
Jun 1993471116.79$7,908
May 1993478117.68$8,451
Apr 19930118.05$0
Mar 1993484118.14$8,780
Feb 19930117.90$0
Jan 1993482116.93$8,160

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 2026 — as filed, then multipliedworked
Oil                  180 bbl  × $ 89.75 =    $16,155
Casinghead gas         0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                  $16,155

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/16304 is the state's own key, not one this site invented.