GULF-UNIVERSITY -E-

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

Operated by BTA OIL PRODUCERS, LLC (P-5 41867) 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 16826District 08Field 21289001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.3 M

Jan 1993 – Apr 2008

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

184

no gaps in the span

Streams

oil, casinghead gas

The COWDEN, NORTH 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 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.

Stream	Basis	Volume	Value
Oil	Disposition	52,387 bbl	$1,252,117
Casinghead gas	Production	15,640 Mcf	$56,671
Total			$1,308,788

3,540 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 (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 32.1466, -102.5400. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.14659, -102.54002 · 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

4,770 ft

2 wells filed one

Completion to plug

46.9 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 4,765 and 4,775 ft, median 4,770 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1961 – Apr 1961

2 of 2 wells

Plug dates filed

Feb 2008

2 of 2 wells

Last completion to plug: a median of 46.9 years across the 2 wells that filed both dates, with the middle half between 46.8 years and 46.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-00300480	2	4,765 ft	Apr 1961	Feb 2008	Yes
42-00301782	1	4,775 ft	Mar 1961	Feb 2008	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 (184)

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

184 months


Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	50	0	92.53	8.77	$4,627
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	166	0	70.90	6.39	$11,769
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	167	0	59.61	7.81	$9,955
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	169	0	55.10	8.22	$9,312
Jan 2007	0	100	50.30	6.73	$673
Dec 2006	0	100	56.65	6.92	$692
Nov 2006	170	100	54.20	7.62	$9,976
Oct 2006	0	100	54.90	6.01	$601
Sep 2006	0	100	60.08	5.04	$504
Aug 2006	177	100	68.71	7.34	$12,896
Jul 2006	0	100	69.37	6.34	$634
Jun 2006	0	100	66.28	6.38	$638
May 2006	0	100	66.01	6.42	$643
Apr 2006	158	100	64.39	7.36	$10,910
Mar 2006	163	100	56.70	7.08	$9,950
Feb 2006	172	100	57.59	7.75	$10,681
Jan 2006	182	100	60.59	8.93	$11,921
Dec 2005	174	100	54.94	13.42	$10,901
Nov 2005	171	100	54.69	10.59	$10,411
Oct 2005	172	100	58.34	13.80	$11,414
Sep 2005	175	100	61.45	12.08	$11,962
Aug 2005	178	100	61.51	9.80	$11,928
Jul 2005	160	100	55.69	7.84	$9,695
Jun 2005	174	100	52.33	7.38	$9,844
May 2005	171	100	45.22	6.65	$8,398
Apr 2005	343	100	49.20	7.36	$17,612
Mar 2005	175	100	50.37	7.15	$9,530
Feb 2005	174	100	45.22	6.31	$8,499
Jan 2005	344	100	43.16	6.32	$15,479
Dec 2004	0	100	39.86	6.75	$675
Nov 2004	173	100	45.28	6.33	$8,466
Oct 2004	164	100	49.70	6.52	$8,802
Sep 2004	361	100	43.24	5.28	$16,138
Aug 2004	178	100	42.37	5.55	$8,097
Jul 2004	369	100	38.28	6.08	$14,734
Jun 2004	181	100	36.10	6.43	$7,177
May 2004	180	100	37.48	6.49	$7,396
Apr 2004	359	100	34.47	5.86	$12,961
Mar 2004	366	100	34.36	5.53	$13,129
Feb 2004	354	100	32.45	5.51	$12,038
Jan 2004	186	100	32.03	6.30	$6,588
Dec 2003	365	100	30.26	6.30	$11,675
Nov 2003	182	100	28.80	4.60	$5,701
Oct 2003	359	100	28.17	4.76	$10,589
Sep 2003	364	100	26.31	4.75	$10,052
Aug 2003	370	100	29.76	5.13	$11,524
Jul 2003	350	100	29.41	5.17	$10,811
Jun 2003	352	100	28.56	5.98	$10,651
May 2003	359	100	26.59	5.97	$10,143
Apr 2003	535	100	26.67	5.41	$14,809
Mar 2003	0	100	31.14	6.10	$610
Feb 2003	373	100	33.48	7.93	$13,281
Jan 2003	372	100	30.31	5.58	$11,834
Dec 2002	535	100	26.91	4.85	$14,882
Nov 2002	359	100	24.66	4.14	$9,267
Oct 2002	363	100	26.46	4.23	$10,028
Sep 2002	531	100	27.44	3.64	$14,934
Aug 2002	0	100	25.96	3.16	$316
Jul 2002	547	100	24.58	3.06	$13,751
Jun 2002	360	100	23.73	3.34	$8,877
May 2002	359	100	24.66	3.58	$9,211
Apr 2002	556	100	23.65	3.51	$13,501
Mar 2002	383	100	22.00	3.10	$8,736
Feb 2002	369	100	18.22	2.38	$6,961
Jan 2002	362	100	17.17	2.38	$6,453
Dec 2001	545	100	16.93	2.36	$9,463
Nov 2001	375	100	18.07	2.41	$7,017
Oct 2001	364	100	19.78	2.53	$7,453
Sep 2001	555	100	24.26	2.25	$13,689
Aug 2001	366	100	24.87	3.05	$9,408
Jul 2001	367	100	23.93	3.20	$9,102
Jun 2001	366	100	24.56	3.82	$9,371
May 2001	535	100	25.52	4.31	$14,084
Apr 2001	555	100	24.68	5.34	$14,231
Mar 2001	194	100	24.54	5.38	$5,298
Feb 2001	368	100	27.75	5.77	$10,789
Jan 2001	569	100	27.47	8.40	$16,470
Dec 2000	199	100	26.88	9.12	$6,261
Nov 2000	571	100	32.21	5.66	$18,958
Oct 2000	378	100	31.23	5.15	$12,319
Sep 2000	356	100	31.87	5.19	$11,864
Aug 2000	357	100	29.64	4.54	$11,036
Jul 2000	557	100	28.53	4.09	$16,300
Jun 2000	181	100	29.30	4.40	$5,743
May 2000	377	100	27.26	3.68	$10,645
Apr 2000	361	100	24.51	3.12	$9,160
Mar 2000	182	100	28.42	2.86	$5,458
Feb 2000	369	100	27.62	2.73	$10,464
Jan 2000	187	100	25.27	2.48	$4,974
Dec 1999	380	100	24.28	2.42	$9,469
Nov 1999	181	100	23.19	2.43	$4,441
Oct 1999	373	100	20.98	2.80	$8,106
Sep 1999	358	100	21.75	2.62	$8,048
Aug 1999	183	100	19.26	2.88	$3,812
Jul 1999	363	100	17.89	2.37	$6,731
Jun 1999	187	100	15.94	2.36	$3,217
May 1999	358	100	15.79	2.32	$5,885
Apr 1999	177	100	15.10	2.21	$2,894
Mar 1999	361	100	12.47	1.84	$4,686
Feb 1999	333	100	9.98	1.82	$3,505
Jan 1999	340	100	10.38	1.90	$3,719
Dec 1998	551	100	9.20	1.77	$5,247
Nov 1998	180	100	10.89	2.19	$2,179
Oct 1998	187	100	12.42	1.97	$2,519
Sep 1998	358	100	12.59	2.08	$4,715
Aug 1998	187	100	11.30	1.91	$2,304
Jul 1998	176	100	11.74	2.24	$2,290
Jun 1998	367	100	11.24	2.24	$4,349
May 1998	196	100	12.62	2.21	$2,694
Apr 1998	183	100	13.04	2.51	$2,637
Mar 1998	198	100	12.80	2.31	$2,765
Feb 1998	197	100	13.95	2.30	$2,978
Jan 1998	171	100	14.70	2.15	$2,729
Dec 1997	360	100	16.32	2.41	$6,116
Nov 1997	384	100	18.19	3.09	$7,294
Oct 1997	0	100	19.25	3.15	$315
Sep 1997	187	100	17.74	2.95	$3,613
Aug 1997	376	100	17.86	2.55	$6,971
Jul 1997	562	100	17.58	2.25	$10,105
Jun 1997	183	100	17.24	2.26	$3,381
May 1997	450	100	18.97	2.31	$8,767
Apr 1997	279	100	17.88	2.08	$5,197
Mar 1997	461	100	18.95	1.94	$8,930
Feb 1997	449	100	20.49	2.21	$9,421
Jan 1997	0	100	23.48	3.54	$354
Dec 1996	426	100	23.32	—	$9,934
Nov 1996	401	100	21.97	—	$8,810
Oct 1996	334	100	23.31	—	$7,786
Sep 1996	0	100	22.22	—	$0
Aug 1996	477	100	20.26	—	$9,664
Jul 1996	0	100	19.55	—	$0
Jun 1996	461	100	18.73	—	$8,635
May 1996	461	100	19.43	—	$8,957
Apr 1996	0	100	21.51	—	$0
Mar 1996	421	100	19.38	—	$8,159
Feb 1996	480	100	16.98	—	$8,150
Jan 1996	456	100	17.07	—	$7,784
Dec 1995	0	100	17.19	—	$0
Nov 1995	385	100	16.00	—	$6,160
Oct 1995	473	100	15.43	—	$7,298
Sep 1995	462	100	16.18	—	$7,475
Aug 1995	0	100	15.92	—	$0
Jul 1995	478	100	15.24	—	$7,285
Jun 1995	469	100	16.41	—	$7,696
May 1995	479	100	17.56	—	$8,411
Apr 1995	452	100	17.73	—	$8,014
Mar 1995	0	100	16.44	—	$0
Feb 1995	461	100	16.58	—	$7,643
Jan 1995	474	100	15.92	—	$7,546
Dec 1994	437	100	15.03	—	$6,568
Nov 1994	455	100	15.90	—	$7,235
Oct 1994	481	100	15.58	—	$7,494
Sep 1994	0	40	15.29	—	$0
Aug 1994	478	40	16.13	—	$7,710
Jul 1994	437	40	17.56	—	$7,674
Jun 1994	476	40	17.09	—	$8,135
May 1994	0	40	15.88	—	$0
Apr 1994	472	40	14.14	—	$6,674
Mar 1994	481	40	12.46	—	$5,993
Feb 1994	481	40	12.50	—	$6,013
Jan 1994	476	40	12.66	—	$6,026
Dec 1993	465	40	12.33	—	$5,733
Nov 1993	0	40	14.49	—	$0
Oct 1993	475	40	15.85	—	$7,529
Sep 1993	452	40	15.03	—	$6,794
Aug 1993	453	40	15.66	—	$7,094
Jul 1993	452	40	15.46	—	$6,988
Jun 1993	461	40	16.79	—	$7,740
May 1993	463	40	17.68	—	$8,186
Apr 1993	135	40	18.05	—	$2,437
Mar 1993	797	40	18.14	—	$14,458
Feb 1993	0	40	17.90	—	$0
Jan 1993	479	40	16.93	—	$8,109

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.

Feb 2008 — as filed, then multipliedworked

Oil                   50 bbl  × $ 92.53 =     $4,627
Casinghead gas         0 Mcf  × $  8.77 =         $0

────────────────────────────────────────────────────
Month total                                   $4,627

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/16826 is the state's own key, not one this site invented.