UNIVERSITY -C-

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

Operated by SAGE ENERGY COMPANY (P-5 743215) in the FULLERTON field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18681District 08Field 33230001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$398 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 FULLERTON 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 165 leases and 2,135 wells, and the rule below applies to all of them.

Discovered

1941-12-23

as the register files it

Field class

Oil

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2010-06-09.

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: “BLANCO-FULLERTON D WELLS 13 D, 15D, 16D & 17D. 08/3/21”

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	18,012 bbl	$350,577
Casinghead gas	Production	25,666 Mcf	$47,594
Total			$398,170

11,233 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 32.3563, -102.7862. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.35632, -102.78620 · 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

8,507 ft

2 wells filed one

Completion to plug

40.0 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 8,502 and 8,512 ft, median 8,507 ft, over the 2 wells that filed a depth.

Completions filed

Jun 1964 – Jul 1964

2 of 2 wells

Plug dates filed

Jun 2004

2 of 2 wells

Last completion to plug: a median of 40.0 years across the 2 wells that filed both dates, with the middle half between 39.9 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.

2 wells


42-00303227	1	8,502 ft	Jul 1964	Jun 2004	Yes
42-00303228	2	8,512 ft	Jun 1964	Jun 2004	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	4	0	36.10	6.43	$144
May 2004	0	0	37.48	6.49	$0
Apr 2004	75	0	34.47	5.86	$2,585
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	28	32.45	5.51	$154
Jan 2004	2	40	32.03	6.30	$316
Dec 2003	187	97	30.26	6.30	$6,270
Nov 2003	0	161	28.80	4.60	$740
Oct 2003	184	155	28.17	4.76	$5,921
Sep 2003	0	170	26.31	4.75	$807
Aug 2003	184	91	29.76	5.13	$5,943
Jul 2003	0	149	29.41	5.17	$770
Jun 2003	185	121	28.56	5.98	$6,008
May 2003	189	98	26.59	5.97	$5,611
Apr 2003	0	130	26.67	5.41	$703
Mar 2003	183	101	31.14	6.10	$6,314
Feb 2003	0	122	33.48	7.93	$967
Jan 2003	189	60	30.31	5.58	$6,064
Dec 2002	0	133	26.91	4.85	$646
Nov 2002	0	139	24.66	4.14	$575
Oct 2002	188	167	26.46	4.23	$5,681
Sep 2002	189	184	27.44	3.64	$5,855
Aug 2002	0	131	25.96	3.16	$415
Jul 2002	181	143	24.58	3.06	$4,887
Jun 2002	180	178	23.73	3.34	$4,866
May 2002	181	152	24.66	3.58	$5,008
Apr 2002	0	155	23.65	3.51	$544
Mar 2002	173	197	22.00	3.10	$4,417
Feb 2002	182	156	18.22	2.38	$3,687
Jan 2002	0	203	17.17	2.38	$482
Dec 2001	184	183	16.93	2.36	$3,548
Nov 2001	183	216	18.07	2.41	$3,826
Oct 2001	184	205	19.78	2.53	$4,158
Sep 2001	0	171	24.26	2.25	$385
Aug 2001	183	191	24.87	3.05	$5,134
Jul 2001	173	187	23.93	3.20	$4,738
Jun 2001	0	188	24.56	3.82	$719
May 2001	188	179	25.52	4.31	$5,569
Apr 2001	193	170	24.68	5.34	$5,670
Mar 2001	184	179	24.54	5.38	$5,478
Feb 2001	0	137	27.75	5.77	$790
Jan 2001	187	146	27.47	8.40	$6,363
Dec 2000	185	139	26.88	9.12	$6,241
Nov 2000	0	77	32.21	5.66	$436
Oct 2000	185	183	31.23	5.15	$6,719
Sep 2000	176	135	31.87	5.19	$6,309
Aug 2000	0	175	29.64	4.54	$795
Jul 2000	178	155	28.53	4.09	$5,712
Jun 2000	168	69	29.30	4.40	$5,226
May 2000	0	98	27.26	3.68	$361
Apr 2000	166	173	24.51	3.12	$4,608
Mar 2000	175	123	28.42	2.86	$5,325
Feb 2000	0	130	27.62	2.73	$354
Jan 2000	165	148	25.27	2.48	$4,537
Dec 1999	174	127	24.28	2.42	$4,533
Nov 1999	173	169	23.19	2.43	$4,423
Oct 1999	175	155	20.98	2.80	$4,106
Sep 1999	174	170	21.75	2.62	$4,230
Aug 1999	0	108	19.26	2.88	$311
Jul 1999	169	211	17.89	2.37	$3,524
Jun 1999	179	156	15.94	2.36	$3,222
May 1999	173	106	15.79	2.32	$2,978
Apr 1999	0	136	15.10	2.21	$300
Mar 1999	180	174	12.47	1.84	$2,564
Feb 1999	0	177	9.98	1.82	$322
Jan 1999	180	184	10.38	1.90	$2,218
Dec 1998	179	171	9.20	1.77	$1,950
Nov 1998	182	219	10.89	2.19	$2,461
Oct 1998	0	238	12.42	1.97	$469
Sep 1998	120	232	12.59	2.08	$1,994
Aug 1998	173	199	11.30	1.91	$2,334
Jul 1998	180	142	11.74	2.24	$2,431
Jun 1998	0	46	11.24	2.24	$103
May 1998	328	186	12.62	2.21	$4,550
Apr 1998	0	249	13.04	2.51	$624
Mar 1998	380	243	12.80	2.31	$5,425
Feb 1998	0	200	13.95	2.30	$460
Jan 1998	0	251	14.70	2.15	$541
Dec 1997	0	235	16.32	2.41	$567
Nov 1997	419	241	18.19	3.09	$8,366
Oct 1997	0	263	19.25	3.15	$828
Sep 1997	0	227	17.74	2.95	$671
Aug 1997	376	241	17.86	2.55	$7,331
Jul 1997	0	201	17.58	2.25	$452
Jun 1997	0	258	17.24	2.26	$582
May 1997	397	227	18.97	2.31	$8,055
Apr 1997	0	249	17.88	2.08	$519
Mar 1997	0	322	18.95	1.94	$624
Feb 1997	0	213	20.49	2.21	$470
Jan 1997	372	289	23.48	3.54	$9,758
Dec 1996	0	290	23.32	—	$0
Nov 1996	0	264	21.97	—	$0
Oct 1996	393	295	23.31	—	$9,161
Sep 1996	0	282	22.22	—	$0
Aug 1996	375	302	20.26	—	$7,598
Jul 1996	0	305	19.55	—	$0
Jun 1996	0	272	18.73	—	$0
May 1996	397	251	19.43	—	$7,714
Apr 1996	0	244	21.51	—	$0
Mar 1996	0	268	19.38	—	$0
Feb 1996	394	139	16.98	—	$6,690
Jan 1996	395	234	17.07	—	$6,743
Dec 1995	0	267	17.19	—	$0
Nov 1995	0	246	16.00	—	$0
Oct 1995	426	306	15.43	—	$6,573
Sep 1995	0	258	16.18	—	$0
Aug 1995	41	284	15.92	—	$653
Jul 1995	305	264	15.24	—	$4,648
Jun 1995	313	229	16.41	—	$5,136
May 1995	0	173	17.56	—	$0
Apr 1995	0	203	17.73	—	$0
Mar 1995	372	194	16.44	—	$6,116
Feb 1995	0	151	16.58	—	$0
Jan 1995	379	197	15.92	—	$6,034
Dec 1994	0	227	15.03	—	$0
Nov 1994	0	209	15.90	—	$0
Oct 1994	388	213	15.58	—	$6,045
Sep 1994	0	216	15.29	—	$0
Aug 1994	391	261	16.13	—	$6,307
Jul 1994	0	208	17.56	—	$0
Jun 1994	0	266	17.09	—	$0
May 1994	460	260	15.88	—	$7,305
Apr 1994	0	286	14.14	—	$0
Mar 1994	445	283	12.46	—	$5,545
Feb 1994	0	262	12.50	—	$0
Jan 1994	299	292	12.66	—	$3,785
Dec 1993	373	294	12.33	—	$4,599
Nov 1993	0	258	14.49	—	$0
Oct 1993	330	258	15.85	—	$5,231
Sep 1993	330	164	15.03	—	$4,960
Aug 1993	0	260	15.66	—	$0
Jul 1993	0	165	15.46	—	$0
Jun 1993	406	195	16.79	—	$6,817
May 1993	0	209	17.68	—	$0
Apr 1993	0	184	18.05	—	$0
Mar 1993	0	139	18.14	—	$0
Feb 1993	0	100	17.90	—	$0
Jan 1993	404	106	16.93	—	$6,840

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.

Jun 2004 — as filed, then multipliedworked

Oil                    4 bbl  × $ 36.10 =       $144
Casinghead gas         0 Mcf  × $  6.43 =         $0

────────────────────────────────────────────────────
Month total                                     $144

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/18681 is the state's own key, not one this site invented.