UNIVERSITY -M-

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the MCELROY field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 20693District 08Field 59337001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$9.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$193 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 114 leases and 4,417 wells, and the rule below applies to all of them.

Discovered
1941-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 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.

The Commission's schedule remark for this field reads: WAS STATED AS THE GRAYBURG SAN ANDRES DOLOMITE AT 3000FT.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA6none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition150,947 bbl$8,964,573
Casinghead gasProduction6,795 Mcf$22,867
Total$8,987,440

12 Mcf of this lease's gas, across 12 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 (13)

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 31.4380, -102.3721. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.43820, -102.37238 · 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
46.2%
6 of 13 wells
With a plug date
15.4%
2 of 13 wells
Median depth
3,140 ft
13 wells filed one
Completion to plug
27.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
646.2%
A plug date is filed
215.4%
BothOn the schedule and plugged. Neither fact cancels the other.
215.4%
NeitherNo plug date, and not on the schedule.
753.8%

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

Total depth in feet, 13 of 13 wells. Median 3,140 ft, with the middle half between 3,135 and 3,150 ft; the shallowest is 3,007 ft and the deepest 3,180 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 13 of 13 wells, Nov 1967 – Apr 2024. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 1967 – Apr 2024
13 of 13 wells
Plug dates filed
Jun 1995 – Dec 1995
2 of 13 wells; 11 filed none

Last completion to plug: a median of 27.8 years across the 2 wells that filed both dates, with the middle half between 27.7 years and 27.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

13 wells

42-10311091103,180 ftApr 2024Yes
42-10311107123,140 ftApr 2024Yes
42-103360371H3,007 ftNov 2012
42-10331493163,145 ftAug 1992
42-10331799213,150 ftFeb 1978
42-10331800203,153 ftFeb 1978
42-10331780193,135 ftDec 1977
42-10331779183,175 ftDec 1977
42-10331778173,150 ftNov 1977
42-10311112153,140 ftSep 1971Yes
42-10311108143,140 ftSep 1971Yes
42-10311104133,127 ftDec 1967Dec 1995Yes
42-10311094113,121 ftNov 1967Jun 1995Yes

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 20261700106.413.05$18,090
Apr 2026169998.932.87$16,745
Mar 2026339489.753.15$30,438
Feb 2026171563.503.75$10,877
Jan 20261821059.138.00$10,842
Dec 2025364056.664.41$20,624
Nov 2025172058.593.93$10,077
Oct 2025337059.383.30$20,011
Sep 20250062.743.08$0
Aug 2025344063.933.01$21,992
Jul 2025158066.743.32$10,545
Jun 2025346066.483.13$23,002
May 2025163060.553.23$9,870
Apr 2025162362.363.54$10,113
Mar 2025182967.704.27$12,360
Feb 2025350370.884.34$24,821
Jan 20251821874.324.28$13,603
Dec 2024368568.993.12$25,404
Nov 20241791169.052.20$12,384
Oct 20241801571.372.28$12,881
Sep 2024173969.612.36$12,064
Aug 2024165575.632.06$12,489
Jul 20240079.932.15$0
Jun 20241811378.082.63$14,167
May 20243752378.812.20$29,604
Apr 20241892184.451.66$15,996
Mar 2024366380.301.55$29,394
Feb 20241821276.091.78$13,870
Jan 20243531673.023.30$25,829
Dec 2023184771.262.61$13,130
Nov 20231841677.892.81$14,377
Oct 20231842485.443.09$15,795
Sep 20235332789.042.74$47,532
Aug 20231782480.522.67$14,397
Jul 20233662074.852.64$27,448
Jun 20231801968.962.26$12,456
May 20233522670.622.23$24,916
Apr 20234782778.122.24$37,402
Mar 202302672.852.39$62
Feb 20231811675.112.47$13,634
Jan 20233221176.533.39$24,680
Dec 2022318076.415.73$24,298
Nov 2022320085.005.65$27,200
Oct 2022489087.185.86$42,631
Sep 2022631084.888.16$53,559
Aug 2022472094.529.13$44,613
Jul 20223250101.587.54$33,014
Jun 20226290115.097.98$72,392
May 20224760109.378.43$52,060
Apr 202247914104.226.84$50,017
Mar 202232026108.885.08$34,974
Feb 20223241091.054.86$29,549
Jan 20223303081.844.54$27,143
Dec 20213211771.323.90$22,960
Nov 20215242477.435.24$40,699
Oct 20215072179.795.71$40,574
Sep 20211641769.865.35$11,548
Aug 2021347866.024.22$22,943
Jul 20213452170.783.98$24,503
Jun 20216511969.493.38$45,302
May 202102763.483.02$81
Apr 20216164560.362.76$37,306
Mar 20213242461.302.72$19,926
Feb 2021331257.805.55$19,143
Jan 2021493050.412.81$24,852
Dec 2020166344.642.68$7,418
Nov 20205151138.772.71$19,996
Oct 20203431436.972.48$12,715
Sep 2020344437.091.99$12,767
Aug 2020340739.982.39$13,610
Jul 20204851738.371.83$18,640
Jun 2020352634.901.69$12,295
May 2020165416.921.81$2,799
Apr 2020361514.751.80$5,334
Mar 20205361530.341.86$16,290
Feb 20201721549.881.98$8,609
Jan 20205201257.252.09$29,795
Dec 20193531259.012.30$20,858
Nov 20193651455.302.75$20,223
Oct 20195191153.472.42$27,778
Sep 2019347455.052.66$19,113
Aug 20191801553.112.30$9,594
Jul 2019527856.272.46$29,674
Jun 2019179952.782.49$9,470
May 20193531658.482.74$20,687
Apr 20194621562.632.75$28,976
Mar 20193491656.803.06$19,872
Feb 20193531450.852.79$17,989
Jan 20193971546.033.23$18,322
Dec 2018320946.594.19$14,946
Nov 20183381052.934.24$17,933
Oct 20185211361.443.40$32,054
Sep 201835315059.543.11$21,484
Aug 20183599559.403.07$21,616
Jul 20183521565.142.93$22,973
Jun 201801460.183.08$43
May 20183521065.382.90$23,043
Apr 20181791163.842.90$11,459
Mar 20181871561.222.79$11,490
Feb 20183396861.782.77$21,132
Jan 20184532962.874.01$4,148
Dec 201733034857.272.92$19,916
Nov 2017017455.423.12$543
Oct 20171642549.292.98$8,158
Sep 20173291147.523.09$15,668
Aug 20176061745.373.00$27,545
Jul 20171611443.873.09$7,106
Jun 201701342.493.09$40
May 20173271445.373.26$14,882
Apr 20171641747.933.21$7,915
Mar 20173391546.772.98$15,900
Feb 20173461650.452.95$17,503
Jan 20173337249.413.42$16,700
Dec 201601748.763.72$63
Nov 20163401142.492.64$14,476
Oct 20163241846.193.09$15,021
Sep 201617426041.553.10$8,036
Aug 201632340141.442.92$14,558
Jul 201633413841.622.92$14,305
Jun 20168264745.352.69$37,585
May 20163215242.521.99$13,752
Apr 20166495136.561.99$23,829
Mar 20163395433.011.79$11,287
Feb 20166434926.472.06$17,121
Jan 20166474827.352.36$17,809
Dec 20156524332.362.00$21,185
Nov 20153246138.792.17$12,700
Oct 20156546043.552.43$28,627
Sep 20159763642.992.76$42,058
Aug 20154894340.162.87$19,762
Jul 20156545848.152.95$31,661
Jun 20156464556.152.88$36,403
May 20158156355.212.96$45,182
Apr 20159395749.822.71$46,935
Mar 20151,0054542.892.93$43,237
Feb 20156525144.662.98$29,270
Jan 20156545943.433.10$28,586
Dec 20145024954.693.59$27,630
Nov 20148262870.464.25$58,319
Oct 20146653278.303.90$52,194
Sep 20141,0043586.164.05$86,646
Aug 20149962889.394.04$89,145
Jul 20149984696.564.18$96,559
Jun 20141,3616998.164.74$133,923
May 20148216294.734.73$78,066
Apr 20141,4705395.944.81$141,287
Mar 20141,3056895.895.06$125,480
Feb 20148276597.406.19$80,952
Jan 20141,1678690.404.86$105,915
Dec 20131,3297791.824.35$122,364
Nov 20139848088.853.74$87,727
Oct 20131,7419397.423.78$169,960
Sep 20131,31282104.113.72$136,897
Aug 20131,84475104.253.52$192,501
Jul 20131,03074102.523.72$105,871
Jun 20131,5805294.403.93$149,357
May 20131,6387294.834.15$155,630
Apr 20132,15323893.964.28$203,315
Mar 20132,62825493.623.91$247,027
Feb 20132,48811591.233.42$227,374
Jan 20134,80433591.603.42$441,192
Dec 20128,43936986.773.42$733,514
Nov 2012331086.953.62$28,780
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 2012489092.662.91$45,311
Jul 20120085.133.02$0
Jun 2012329079.822.52$26,261
May 20120091.612.49$0
Apr 20123280101.652.00$33,341
Mar 201200105.052.22$0
Feb 20123330101.102.57$33,666
Jan 20120098.092.73$0
Dec 2011329096.873.24$31,870
Nov 20110095.723.31$0
Oct 2011326084.983.65$27,703
Sep 20110083.623.99$0
Aug 2011326083.404.15$27,188
Jul 2011327094.144.52$30,784
Jun 20110092.904.64$0
May 2011319098.134.40$31,303
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 2011321085.644.18$27,490
Jan 20110086.504.59$0
Dec 2010324085.734.35$27,777
Nov 20100080.843.80$0
Oct 2010314078.103.51$24,523
Sep 2010317072.633.98$23,024
Aug 20100073.684.42$0
Jul 2010314072.554.74$22,781
Jun 2010314070.364.91$22,093
May 20100071.124.24$0
Apr 2010318081.694.12$25,977
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 2010320074.365.96$23,795
Dec 2009319071.445.48$22,789
Nov 20090074.593.75$0
Oct 2009316072.544.11$22,923
Sep 20090065.543.06$0
Aug 2009319067.423.22$21,507
Jul 2009317061.133.46$19,378
Jun 20090066.163.90$0
May 2009313054.743.93$17,134
Apr 20090046.773.59$0
Mar 2009317042.144.06$13,358
Feb 2009348032.814.63$11,418
Jan 20090035.865.37$0
Dec 2008329037.105.98$12,206
Nov 20080055.496.86$0
Oct 2008339075.246.92$25,506
Sep 200800101.767.88$0
Aug 20083220114.228.48$36,779
Jul 200800131.0811.39$0
Jun 20083310131.3313.03$43,470
May 200800123.1711.57$0
Apr 20083380110.3110.45$37,285
Mar 200800101.909.66$0
Feb 2008335092.538.77$30,998
Jan 2008339090.388.21$30,639
Dec 20070088.337.30$0
Nov 2007333091.677.29$30,526
Oct 20070082.856.92$0
Sep 2007333075.846.24$25,255
Aug 2007321069.066.39$22,168
Jul 20070070.906.39$0
Jun 2007332062.007.55$20,584
May 2007335058.747.85$19,678
Apr 20070059.617.81$0
Mar 2007335056.927.30$19,068
Feb 20070055.108.22$0
Jan 2007333050.306.73$16,750
Dec 2006340056.656.92$19,261
Nov 20060054.207.62$0
Oct 2006334054.906.01$18,337
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 2006448069.376.34$31,078
Jun 20060066.286.38$0
May 2006334066.016.42$22,047
Apr 2006351064.397.36$22,601
Mar 20060056.707.08$0
Feb 2006344057.597.75$19,811
Jan 2006339060.598.93$20,540
Dec 20050054.9413.42$0
Nov 2005331054.6910.59$18,102
Oct 20050058.3413.80$0
Sep 2005342061.4512.08$21,016
Aug 20050061.519.80$0
Jul 2005325055.697.84$18,099
Jun 20050052.337.38$0
May 2005338045.226.65$15,284
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 2005338045.226.31$15,284
Jan 20050043.166.32$0
Dec 2004335039.866.75$13,353
Nov 20040045.286.33$0
Oct 2004341049.706.52$16,948
Sep 20040043.245.28$0
Aug 2004337042.375.55$14,279
Jul 20040038.286.08$0
Jun 2004346036.106.43$12,491
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 2004338034.365.53$11,614
Feb 20040032.455.51$0
Jan 2004339032.036.30$10,858
Dec 20030030.266.30$0
Nov 2003337028.804.60$9,706
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 2003338029.765.13$10,059
Jul 20030029.415.17$0
Jun 2003331028.565.98$9,453
May 20030026.595.97$0
Apr 2003340026.675.41$9,068
Mar 2003338031.146.10$10,525
Feb 20030033.487.93$0
Jan 2003352030.315.58$10,669
Dec 20020026.914.85$0
Nov 2002352024.664.14$8,680
Oct 20020026.464.23$0
Sep 2002356027.443.64$9,769
Aug 2002335025.963.16$8,697
Jul 20020024.583.06$0
Jun 2002338023.733.34$8,021
May 20020024.663.58$0
Apr 2002361023.653.51$8,538
Mar 2002347022.003.10$7,634
Feb 2002335018.222.38$6,104
Jan 20020017.172.38$0
Dec 2001341016.932.36$5,773
Nov 2001335018.072.41$6,053
Oct 20010019.782.53$0
Sep 2001357024.262.25$8,661
Aug 20010024.873.05$0
Jul 2001365023.933.20$8,734
Jun 2001357024.563.82$8,768
May 20010025.524.31$0
Apr 2001362024.685.34$8,934
Mar 2001357024.545.38$8,761
Feb 20010027.755.77$0
Jan 2001378027.478.40$10,384
Dec 2000359026.889.12$9,650
Nov 20000032.215.66$0
Oct 2000362031.235.15$11,305
Sep 2000353031.875.19$11,250
Aug 20000029.644.54$0
Jul 2000362028.534.09$10,328
Jun 2000372029.304.40$10,900
May 20000027.263.68$0
Apr 2000354024.513.12$8,677
Mar 2000354028.422.86$10,061
Feb 20004027.622.73$110
Jan 2000355025.272.48$8,971
Dec 1999364024.282.42$8,838
Nov 19990023.192.43$0
Oct 1999356020.982.80$7,469
Sep 1999355021.752.62$7,721
Aug 19990019.262.88$0
Jul 1999367017.892.37$6,566
Jun 1999362015.942.36$5,770
May 1999368015.792.32$5,811
Apr 1999364015.102.21$5,496
Mar 1999363012.471.84$4,527
Feb 1999009.981.82$0
Jan 1999352010.381.90$3,654
Dec 199836409.201.77$3,349
Nov 1998363010.892.19$3,953
Oct 19980012.421.97$0
Sep 1998356012.592.08$4,482
Aug 1998368011.301.91$4,158
Jul 1998365011.742.24$4,285
Jun 1998381011.242.24$4,282
May 1998345012.622.21$4,354
Apr 19980013.042.51$0
Mar 1998364012.802.31$4,659
Feb 1998364013.952.30$5,078
Jan 1998163014.702.15$2,396
Dec 1997575016.322.41$9,384
Nov 19970018.193.09$0
Oct 1997356019.253.15$6,853
Sep 1997374017.742.95$6,635
Aug 1997354017.862.55$6,322
Jul 1997381017.582.25$6,698
Jun 1997365017.242.26$6,293
May 1997364018.972.31$6,905
Apr 1997391017.882.08$6,991
Mar 19970018.951.94$0
Feb 1997363020.492.21$7,438
Jan 1997350023.483.54$8,218
Dec 1996373023.32$8,698
Nov 1996367021.97$8,063
Oct 1996364023.31$8,485
Sep 1996345022.22$7,666
Aug 1996363020.26$7,354
Jul 1996357019.55$6,979
Jun 1996370018.73$6,930
May 19960019.43$0
Apr 1996404021.51$8,690
Mar 1996424019.38$8,217
Feb 1996393016.98$6,673
Jan 1996465017.07$7,938
Dec 1995460017.19$7,907
Nov 1995461016.00$7,376
Oct 19950015.43$0
Sep 1995438016.18$7,087
Aug 1995453015.92$7,212
Jul 1995465015.24$7,087
Jun 19950016.41$0
May 1995461017.56$8,095
Apr 1995465017.73$8,244
Mar 1995260016.44$4,274
Feb 1995465016.58$7,710
Jan 1995463015.92$7,371
Dec 1994468015.03$7,034
Nov 19940015.90$0
Oct 1994467015.58$7,276
Sep 1994463015.29$7,079
Aug 1994461016.13$7,436
Jul 1994461017.56$8,095
Jun 1994466017.09$7,964
May 1994466015.88$7,400
Apr 1994460014.14$6,504
Mar 1994479012.46$5,968
Feb 19940012.50$0
Jan 1994467012.66$5,912
Dec 1993470112.33$5,795
Nov 1993933114.49$13,519
Oct 19930115.85$0
Sep 1993924115.03$13,888
Aug 19930115.66$0
Jul 1993457115.46$7,065
Jun 1993926116.79$15,548
May 1993467117.68$8,257
Apr 1993469118.05$8,465
Mar 1993463118.14$8,399
Feb 1993468117.90$8,377
Jan 1993470116.93$7,957

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.

May 2026 — as filed, then multipliedworked
Oil                  170 bbl  × $106.41 =    $18,090
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,090

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/20693 is the state's own key, not one this site invented.