UNIVERSITY -25-

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the MAGUTEX (QUEEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21700District 08Field 56822625Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$7.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$115 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 12 leases and 110 wells, and the rule below applies to all of them.

Discovered
1958-02-11
as the register files it
Field class
Oil
the register's own label
Between wells
1,100 ft
minimum
From a lease line
550 ft
minimum

A drilling unit in this field needs at least 40 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.

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
OilDisposition155,339 bbl$6,818,054
Casinghead gasProduction75,443 Mcf$175,564
Total$6,993,618

30,133 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 32.4333, -102.4123. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.43330, -102.41231 · 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
25.0%
1 of 4 wells
With a plug date
25.0%
1 of 4 wells
Median depth
4,988 ft
4 wells filed one
Completion to plug
15.6 years
median over 1 well

What the state filed about each well

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

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 4,980 and 4,996 ft, median 4,988 ft, over the 4 wells that filed a depth.

Completions filed
Jan 1971 – Mar 2001
4 of 4 wells
Plug dates filed
Oct 2016
1 of 4 wells; 3 filed none

Last completion to plug: a median of 15.6 years across the 1 well that filed both dates, with the middle half between 15.6 years and 15.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0033017514,990 ftMar 2001Oct 2016Yes
42-0033551344,996 ftApr 1986
42-0033463234,986 ftJan 1985
42-0033021624,980 ftJan 1971

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 20260106106.413.05$323
Apr 202618510598.932.87$18,603
Mar 20261888189.753.15$17,128
Feb 202618410363.503.75$12,070
Jan 2026010659.138.00$848
Dec 202517410656.664.41$10,327
Nov 20251735558.593.93$10,352
Oct 202505659.383.30$185
Sep 202517510562.743.08$11,303
Aug 20251755663.933.01$11,357
Jul 20251575666.743.32$10,664
Jun 20251735566.483.13$11,673
May 20251755660.553.23$10,777
Apr 202517510562.363.54$11,285
Mar 2025010667.704.27$452
Feb 202517310370.884.34$12,709
Jan 20251765674.324.28$13,320
Dec 20241725668.993.12$12,041
Nov 202414010569.052.20$9,898
Oct 202417510671.372.28$12,732
Sep 202417610569.612.36$12,500
Aug 202417110675.632.06$13,151
Jul 202418710679.932.15$15,174
Jun 202418710578.082.63$14,878
May 202417110678.812.20$13,710
Apr 2024010584.451.66$174
Mar 202417510680.301.55$14,216
Feb 202417510476.091.78$13,501
Jan 202417210673.023.30$12,909
Dec 2023010671.262.61$277
Nov 20231755577.892.81$13,785
Oct 202317410685.443.09$15,194
Sep 2023010589.042.74$287
Aug 20233365680.522.67$27,204
Jul 202305674.852.64$148
Jun 20231745568.962.26$12,123
May 20233715670.622.23$26,325
Apr 202305578.122.24$123
Mar 202305672.852.39$134
Feb 20231885375.112.47$14,251
Jan 20231665676.533.39$12,894
Dec 202205676.415.73$321
Nov 202205585.005.65$311
Oct 20221845687.185.86$16,369
Sep 202205584.888.16$449
Aug 20221655694.529.13$16,107
Jul 2022056101.587.54$422
Jun 202217155115.097.98$20,119
May 2022056109.378.43$472
Apr 2022055104.226.84$376
Mar 202236956108.885.08$40,461
Feb 202205391.054.86$258
Jan 20221765681.844.54$14,658
Dec 20211785671.323.90$12,913
Nov 20211805577.435.24$14,225
Oct 20211775679.795.71$14,443
Sep 20211725569.865.35$12,310
Aug 20211865666.024.22$12,516
Jul 20211815670.783.98$13,034
Jun 20211728669.493.38$12,243
May 20211735663.483.02$11,151
Apr 20211745560.362.76$10,654
Mar 20213485661.302.72$21,485
Feb 20211775357.805.55$10,525
Jan 20211715650.412.81$8,777
Dec 202005644.642.68$150
Nov 20203485538.772.71$13,641
Oct 202005636.972.48$139
Sep 20203635537.091.99$13,573
Aug 202075639.982.39$413
Jul 20201755638.371.83$6,817
Jun 20201725534.901.69$6,096
May 202005616.921.81$102
Apr 20203615514.751.80$5,424
Mar 20201915630.341.86$5,899
Feb 20203685449.881.98$18,463
Jan 202005657.252.09$117
Dec 20193605659.012.30$21,373
Nov 20191905555.302.75$10,658
Oct 20191835653.472.42$9,920
Sep 20191805555.052.66$10,055
Aug 20191863153.112.30$9,950
Jul 20191865656.272.46$10,604
Jun 20191735552.782.49$9,268
May 20191845658.482.74$10,914
Apr 20191835562.632.75$11,613
Mar 201905656.803.06$171
Feb 20191805350.852.79$9,301
Jan 20193465646.033.23$16,107
Dec 20183485646.594.19$16,448
Nov 20183765552.934.24$20,135
Oct 201805661.443.40$190
Sep 20181855559.543.11$11,186
Aug 20183605659.403.07$21,556
Jul 20181975665.142.93$12,997
Jun 20181865560.183.08$11,363
May 20183685665.382.90$24,222
Apr 20181835563.842.90$11,842
Mar 20181855661.222.79$11,482
Feb 20183655361.782.77$22,696
Jan 201805662.874.01$225
Dec 20171845657.272.92$10,701
Nov 20171835555.423.12$10,313
Oct 20171815649.292.98$9,089
Sep 20171815547.523.09$8,771
Aug 20171725645.373.00$7,972
Jul 20173455643.873.09$15,308
Jun 20171815542.493.09$7,860
May 20171735645.373.26$8,032
Apr 20171825547.933.21$8,900
Mar 20173575646.772.98$16,864
Feb 201705350.452.95$156
Jan 20173545649.413.42$17,683
Dec 20161645648.763.72$8,205
Nov 20161725542.492.64$7,454
Oct 20163565646.193.09$16,617
Sep 20163675541.553.10$15,419
Aug 20161745641.442.92$7,374
Jul 20163445641.622.92$14,481
Jun 20163445545.352.69$15,748
May 20161755642.521.99$7,553
Apr 20161715536.561.99$6,361
Mar 20163465633.011.79$11,522
Feb 20161755426.472.06$4,744
Jan 20163495627.352.36$9,678
Dec 20153425632.362.00$11,179
Nov 20151725538.792.17$6,791
Oct 20151745643.552.43$7,714
Sep 20155065542.992.76$21,905
Aug 201505640.162.87$161
Jul 20153305648.152.95$16,054
Jun 20156875556.152.88$38,734
May 201505655.212.96$166
Apr 201505549.822.71$149
Mar 20153445642.892.93$14,919
Feb 20151745344.662.98$7,929
Jan 20153425643.433.10$15,027
Dec 20143485654.693.59$19,233
Nov 20141765570.464.25$12,635
Oct 20141765678.303.90$13,999
Sep 20143455586.164.05$29,948
Aug 20141655689.394.04$14,975
Jul 20141755696.564.18$17,132
Jun 20143635598.164.74$35,893
May 20143525694.734.73$33,610
Apr 201405595.944.81$265
Mar 20141735695.895.06$16,872
Feb 20143485397.406.19$34,223
Jan 20143505690.404.86$31,912
Dec 201305691.824.35$244
Nov 20133535588.853.74$31,570
Oct 20133465697.423.78$33,919
Sep 2013055104.113.72$204
Aug 201332556104.253.52$34,079
Jul 201352456102.523.72$53,929
Jun 201305594.403.93$216
May 20135275694.834.15$50,208
Apr 20133575593.964.28$33,779
Mar 20131755693.623.91$16,603
Feb 20133495391.233.42$32,021
Jan 20131745691.603.42$16,130
Dec 20123465686.773.42$30,214
Nov 20123515586.953.62$30,719
Oct 20121765689.383.40$15,921
Sep 20123525594.672.92$33,484
Aug 20123455692.662.91$32,131
Jul 20123475685.133.02$29,709
Jun 20123465579.822.52$27,756
May 20123525691.612.49$32,386
Apr 2012055101.652.00$110
Mar 201234756105.052.22$36,577
Feb 201233954101.102.57$34,412
Jan 20123485698.092.73$34,288
Dec 20111705696.873.24$16,649
Nov 20113255595.723.31$31,291
Oct 20111765684.983.65$15,161
Sep 20113575583.623.99$30,072
Aug 201105683.404.15$232
Jul 20115235694.144.52$49,488
Jun 20113515592.904.64$32,863
May 20111735698.134.40$17,223
Apr 201172255105.964.33$76,741
Mar 201105696.364.06$227
Feb 20113535385.644.18$30,452
Jan 20111755686.504.59$15,394
Dec 20103465685.734.35$29,906
Nov 20103325580.843.80$27,048
Oct 20105315678.103.51$41,668
Sep 201005572.633.98$219
Aug 20103605673.684.42$26,772
Jul 20104995672.554.74$36,468
Jun 20105265570.364.91$37,279
May 201005671.124.24$237
Apr 20105275581.694.12$43,277
Mar 20101795678.394.39$14,278
Feb 20103475373.585.44$25,821
Jan 20105285674.365.96$39,596
Dec 200905671.445.48$307
Nov 20095195574.593.75$38,919
Oct 20091765672.544.11$12,997
Sep 20093765565.543.06$24,812
Aug 20093535567.423.22$23,976
Jul 20093485661.133.46$21,467
Jun 20091885566.163.90$12,652
May 20096715654.743.93$36,950
Apr 20093625546.773.59$17,128
Mar 20093385642.144.06$14,471
Feb 20095605332.814.63$18,619
Jan 20093485635.865.37$12,780
Dec 20083465637.105.98$13,171
Nov 20089115555.496.86$50,929
Oct 200805675.246.92$388
Sep 200854355101.767.88$55,689
Aug 2008056114.228.48$475
Jul 200871156131.0811.39$93,836
Jun 200835155131.3313.03$46,814
May 200870256123.1711.57$87,114
Apr 200836355110.3110.45$40,618
Mar 200832856101.909.66$33,964
Feb 20087285492.538.77$67,835
Jan 20083655690.388.21$33,448
Dec 20073792588.337.30$33,660
Nov 20077792591.677.29$71,593
Oct 20073572582.856.92$29,751
Sep 20071916075.846.24$14,860
Aug 20075429769.066.39$38,050
Jul 20075507070.906.39$39,442
Jun 20076926662.007.55$43,402
May 20077072758.747.85$41,741
Apr 20076842559.617.81$40,968
Mar 20073503356.927.30$20,163
Feb 20073503655.108.22$19,581
Jan 200770110450.306.73$35,960
Dec 20067194156.656.92$41,015
Nov 20063624754.207.62$19,978
Oct 20063724954.906.01$20,717
Sep 200670612860.085.04$43,061
Aug 200670115768.717.34$49,318
Jul 200651914869.376.34$36,942
Jun 200652313766.286.38$35,539
May 20067129666.016.42$47,616
Apr 200670112364.397.36$46,043
Mar 20067037856.707.08$40,413
Feb 20063467057.597.75$20,469
Jan 20067118860.598.93$43,866
Dec 20053497654.9413.42$20,194
Nov 20057009754.6910.59$39,310
Oct 20056998458.3413.80$41,939
Sep 200534710161.4512.08$22,543
Aug 20051,04915461.519.80$66,033
Jul 200532914255.697.84$19,436
Jun 20051,01019852.337.38$54,315
May 200534418445.226.65$16,779
Apr 200566912449.207.36$33,828
Mar 20056749850.377.15$34,651
Feb 200568810445.226.31$31,768
Jan 200568010943.166.32$30,038
Dec 200469110739.866.75$28,266
Nov 20045078545.286.33$23,495
Oct 200452122249.706.52$27,340
Sep 20041,04117543.245.28$45,938
Aug 200470124842.375.55$31,078
Jul 200467727538.286.08$27,589
Jun 200467026736.106.43$25,905
May 200467023837.486.49$26,657
Apr 200467125234.475.86$24,606
Mar 200499717934.365.53$35,247
Feb 200467311432.455.51$22,467
Jan 200467817132.036.30$22,794
Dec 20031,01216130.266.30$31,638
Nov 200365620428.804.60$19,830
Oct 200399225928.174.76$29,177
Sep 200365627826.314.75$18,580
Aug 200398528229.765.13$30,760
Jul 200399328129.415.17$30,657
Jun 200365028028.565.98$20,239
May 200399128426.595.97$28,047
Apr 200366526526.675.41$19,168
Mar 20031,00414531.146.10$32,148
Feb 20031,00114733.487.93$34,679
Jan 200366811530.315.58$20,889
Dec 200266716126.914.85$18,730
Nov 200266919524.664.14$17,304
Oct 200298922226.464.23$27,108
Sep 200236223127.443.64$10,773
Aug 200272331425.963.16$19,763
Jul 200272325524.583.06$18,552
Jun 20021,03619823.733.34$25,245
May 200274325024.663.58$19,218
Apr 200274822223.653.51$18,470
Mar 200273921722.003.10$16,931
Feb 200274318618.222.38$13,979
Jan 200274519517.172.38$13,255
Dec 200173920316.932.36$12,991
Nov 200172725018.072.41$13,738
Oct 200156423619.782.53$11,753
Sep 200192230324.262.25$23,050
Aug 200173432224.873.05$19,238
Jul 200154331823.933.20$14,011
Jun 200136332124.563.82$10,143
May 200190226825.524.31$24,173
Apr 200136824824.685.34$10,405
Mar 200192622924.545.38$23,955
Feb 200144510627.755.77$12,960
Jan 200145520527.478.40$14,221
Dec 200085736326.889.12$26,348
Nov 200046831132.215.66$16,834
Oct 200046323831.235.15$15,684
Sep 200046636331.875.19$16,734
Aug 200041737729.644.54$14,072
Jul 200046841528.534.09$15,049
Jun 2000038929.304.40$1,711
May 200043441827.263.68$13,369
Apr 200045841024.513.12$12,503
Mar 200047240828.422.86$14,581
Feb 200046540927.622.73$13,958
Jan 200046142525.272.48$12,704
Dec 199944137624.282.42$11,619
Nov 1999043523.192.43$1,059
Oct 199945243820.982.80$10,711
Sep 199946547121.752.62$11,347
Aug 199947047619.262.88$10,421
Jul 199947248117.892.37$9,585
Jun 199947147315.942.36$8,625
May 199947543815.792.32$8,517
Apr 199947541415.102.21$8,087
Mar 199946642812.471.84$6,598
Feb 19994643559.981.82$5,276
Jan 199946542310.381.90$5,630
Dec 19984613569.201.77$4,873
Nov 1998034910.892.19$763
Oct 199846937812.421.97$6,569
Sep 199847037012.592.08$6,688
Aug 199847140511.301.91$6,095
Jul 199846724711.742.24$6,035
Jun 199846732511.242.24$5,976
May 199846936712.622.21$6,729
Apr 199846628213.042.51$6,783
Mar 199846934812.802.31$6,807
Feb 199846734113.952.30$7,299
Jan 199847338614.702.15$7,785
Dec 199743414316.322.41$7,428
Nov 19974349018.193.09$8,172
Oct 199746831319.253.15$9,995
Sep 199746713117.742.95$8,672
Aug 199744835917.862.55$8,918
Jul 199747945717.582.25$9,448
Jun 199746248417.242.26$9,057
May 199747448218.972.31$10,104
Apr 199747048417.882.08$9,412
Mar 199746837718.951.94$9,600
Feb 199747934920.492.21$10,585
Jan 199740340723.483.54$10,903
Dec 199636744923.32$8,558
Nov 199646836721.97$10,282
Oct 199647048323.31$10,956
Sep 199644163422.22$9,799
Aug 199646465020.26$9,401
Jul 199646667419.55$9,110
Jun 199646862718.73$8,766
May 199646137419.43$8,957
Apr 199647335221.51$10,174
Mar 199644845119.38$8,682
Feb 199693539516.98$15,876
Jan 199644241417.07$7,545
Dec 199540553717.19$6,962
Nov 199547034616.00$7,520
Oct 199547734815.43$7,360
Sep 199547047116.18$7,605
Aug 199547349715.92$7,530
Jul 199585589415.24$13,030
Jun 199547369616.41$7,762
May 199546859617.56$8,218
Apr 199546472417.73$8,227
Mar 199545874016.44$7,530
Feb 199594754916.58$15,701
Jan 199547153115.92$7,498
Dec 199442563615.03$6,388
Nov 199445270215.90$7,187
Oct 199447279015.58$7,354
Sep 199493066815.29$14,220
Aug 199445979116.13$7,404
Jul 199447062817.56$8,253
Jun 199445875917.09$7,827
May 199447575115.88$7,543
Apr 199489665214.14$12,669
Mar 199447272812.46$5,881
Feb 199445655012.50$5,700
Jan 199494066512.66$11,900
Dec 199347561112.33$5,857
Nov 199347879714.49$6,926
Oct 199394392115.85$14,947
Sep 199346992915.03$7,049
Aug 199346294615.66$7,235
Jul 199345876615.46$7,081
Jun 19939321,18916.79$15,648
May 199344276617.68$7,815
Apr 199345657518.05$8,231
Mar 199393453918.14$16,943
Feb 199346749617.90$8,359
Jan 199341547916.93$7,026

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                    0 bbl  × $106.41 =         $0
Casinghead gas       106 Mcf  × $  3.05 =       $323

────────────────────────────────────────────────────
Month total                                     $323

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/21700 is the state's own key, not one this site invented.