UNIVERSITY -2-

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

Operated by BURLINGTON RES O&G CO-PERMIAN (P-5 109334) in the MARTIN (CLEAR FORK, LO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21122District 08Field 57774166Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$628 k

Jan 1993 – Dec 2001

Value, last 12 filed months

at the published price for each month

Months reported

108

no gaps in the span

Streams

oil, casinghead gas

The MARTIN (CLEAR FORK, LO) 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 28 leases and 65 wells, and the rule below applies to all of them.

Discovered

1969-01-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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: “(CONSOLIDATED) FIELD”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	16,616 bbl	$298,510
Casinghead gas	Production	255,537 Mcf	$329,219
Total			$627,729

133,634 Mcf of this lease's gas, across 44 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 (3)

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 32.1814, -102.7793. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.18095, -102.77899 · 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%

3 of 3 wells

With a plug date

33.3%

1 of 3 wells

Median depth

8,000 ft

3 wells filed one

Completion to plug

33.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

133.3%

BothOn the schedule and plugged. Neither fact cancels the other.

133.3%

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 6,700 and 8,120 ft, median 8,000 ft, over the 3 wells that filed a depth.

Completions filed

Jan 1969 – Dec 1988

3 of 3 wells

Plug dates filed

Jan 2022

1 of 3 wells; 2 filed none

Last completion to plug: a median of 33.1 years across the 1 well that filed both dates, with the middle half between 33.1 years and 33.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-00334424	5 U	8,120 ft	Dec 1988	Jan 2022	Yes
42-00311037	1 L	8,000 ft	Oct 1988	—	Yes
42-00311056	2	6,700 ft	Jan 1969	—	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 (108)

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

108 months


Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	78	2,412	32.21	5.66	$16,159
Oct 2000	129	2,540	31.23	5.15	$17,098
Sep 2000	128	2,587	31.87	5.19	$17,497
Aug 2000	132	2,657	29.64	4.54	$15,977
Jul 2000	124	2,622	28.53	4.09	$14,261
Jun 2000	123	2,525	29.30	4.40	$14,707
May 2000	116	2,254	27.26	3.68	$11,456
Apr 2000	129	2,665	24.51	3.12	$11,466
Mar 2000	148	2,708	28.42	2.86	$11,950
Feb 2000	140	2,530	27.62	2.73	$10,765
Jan 2000	148	2,539	25.27	2.48	$10,038
Dec 1999	172	2,479	24.28	2.42	$10,185
Nov 1999	147	2,476	23.19	2.43	$9,435
Oct 1999	91	2,658	20.98	2.80	$9,361
Sep 1999	83	2,527	21.75	2.62	$8,423
Aug 1999	149	2,428	19.26	2.88	$9,852
Jul 1999	154	2,561	17.89	2.37	$8,831
Jun 1999	123	2,545	15.94	2.36	$7,972
May 1999	111	2,717	15.79	2.32	$8,059
Apr 1999	28	2,581	15.10	2.21	$6,122
Mar 1999	26	2,710	12.47	1.84	$5,306
Feb 1999	33	2,425	9.98	1.82	$4,737
Jan 1999	119	3,871	10.38	1.90	$8,590
Dec 1998	102	3,836	9.20	1.77	$7,741
Nov 1998	118	3,470	10.89	2.19	$8,869
Oct 1998	105	2,926	12.42	1.97	$7,066
Sep 1998	110	2,910	12.59	2.08	$7,445
Aug 1998	202	3,294	11.30	1.91	$8,565
Jul 1998	179	2,793	11.74	2.24	$8,350
Jun 1998	176	3,026	11.24	2.24	$8,748
May 1998	192	3,275	12.62	2.21	$9,649
Apr 1998	177	3,026	13.04	2.51	$9,889
Mar 1998	215	3,455	12.80	2.31	$10,731
Feb 1998	136	2,622	13.95	2.30	$7,926
Jan 1998	171	2,248	14.70	2.15	$7,358
Dec 1997	156	2,059	16.32	2.41	$7,510
Nov 1997	300	2,273	18.19	3.09	$12,477
Oct 1997	243	2,028	19.25	3.15	$11,066
Sep 1997	210	2,223	17.74	2.95	$10,294
Aug 1997	210	2,076	17.86	2.55	$9,054
Jul 1997	166	1,950	17.58	2.25	$7,300
Jun 1997	39	225	17.24	2.26	$1,180
May 1997	231	2,420	18.97	2.31	$9,969
Apr 1997	199	2,369	17.88	2.08	$8,492
Mar 1997	218	2,748	18.95	1.94	$9,460
Feb 1997	180	2,117	20.49	2.21	$8,358
Jan 1997	234	2,517	23.48	3.54	$14,404
Dec 1996	270	2,300	23.32	—	$6,296
Nov 1996	298	2,794	21.97	—	$6,547
Oct 1996	289	2,722	23.31	—	$6,737
Sep 1996	269	3,001	22.22	—	$5,977
Aug 1996	239	2,946	20.26	—	$4,842
Jul 1996	210	2,503	19.55	—	$4,106
Jun 1996	153	2,448	18.73	—	$2,866
May 1996	162	2,779	19.43	—	$3,148
Apr 1996	163	0	21.51	—	$3,506
Mar 1996	172	2,750	19.38	—	$3,333
Feb 1996	168	2,682	16.98	—	$2,853
Jan 1996	182	2,708	17.07	—	$3,107
Dec 1995	167	2,773	17.19	—	$2,871
Nov 1995	162	2,407	16.00	—	$2,592
Oct 1995	188	2,983	15.43	—	$2,901
Sep 1995	213	2,324	16.18	—	$3,446
Aug 1995	247	2,331	15.92	—	$3,932
Jul 1995	173	1,870	15.24	—	$2,637
Jun 1995	195	1,561	16.41	—	$3,200
May 1995	221	2,091	17.56	—	$3,881
Apr 1995	230	2,061	17.73	—	$4,078
Mar 1995	262	1,888	16.44	—	$4,307
Feb 1995	639	4,730	16.58	—	$10,595
Jan 1995	701	5,069	15.92	—	$11,160
Dec 1994	743	5,593	15.03	—	$11,167
Nov 1994	580	5,545	15.90	—	$9,222
Oct 1994	94	463	15.58	—	$1,465
Sep 1994	0	0	15.29	—	$0
Aug 1994	0	0	16.13	—	$0
Jul 1994	1	0	17.56	—	$18
Jun 1994	24	221	17.09	—	$410
May 1994	65	1,093	15.88	—	$1,032
Apr 1994	159	2,699	14.14	—	$2,248
Mar 1994	161	2,797	12.46	—	$2,006
Feb 1994	151	2,189	12.50	—	$1,888
Jan 1994	92	3,483	12.66	—	$1,165
Dec 1993	95	3,535	12.33	—	$1,171
Nov 1993	84	4,059	14.49	—	$1,217
Oct 1993	89	3,218	15.85	—	$1,411
Sep 1993	78	3,324	15.03	—	$1,172
Aug 1993	90	4,504	15.66	—	$1,409
Jul 1993	80	4,972	15.46	—	$1,237
Jun 1993	69	4,776	16.79	—	$1,159
May 1993	60	4,705	17.68	—	$1,061
Apr 1993	169	3,014	18.05	—	$3,050
Mar 1993	292	4,101	18.14	—	$5,297
Feb 1993	267	3,638	17.90	—	$4,779
Jan 1993	300	3,984	16.93	—	$5,079

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.

Nov 2000 — as filed, then multipliedworked

Oil                   78 bbl  × $ 32.21 =     $2,512
Casinghead gas     2,412 Mcf  × $  5.66 =    $13,647

────────────────────────────────────────────────────
Month total                                  $16,159

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/21122 is the state's own key, not one this site invented.