UNIVERSITY "21-18" -B-

Name: UNIVERSITY "21-18" -B- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) in the WAR-WINK, S. (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24540District 08Field 95129600Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$995 k

Jan 1993 – Jul 2009

Value, last 12 filed months

at the published price for each month

Months reported

199

no gaps in the span

Streams

oil, casinghead gas

The WAR-WINK, S. (WOLFCAMP) 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 63 leases and 103 wells, and the rule below applies to all of them.

Discovered

1974-03-26

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-08-11.

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: “FOR GAS WELLS IS 10%.”

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	28,790 bbl	$817,268
Casinghead gas	Production	44,283 Mcf	$177,323
Total			$994,590

13,323 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 (1)

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 31.5892, -103.2725. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.58920, -103.27254 · 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%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

13,100 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

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

00.0%

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

The one well that filed a depth was drilled to 13,100 ft.

Completions filed

Apr 2008

1 of 1 wells

1 well


42-47530958	1	13,100 ft	Apr 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 (199)

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

199 months


Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
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	182	0	91.67	7.29	$16,684
Oct 2007	0	39	82.85	6.92	$270
Sep 2007	278	134	75.84	6.24	$21,920
Aug 2007	140	91	69.06	6.39	$10,250
Jul 2007	185	144	70.90	6.39	$14,036
Jun 2007	194	120	62.00	7.55	$12,934
May 2007	315	129	58.74	7.85	$19,515
Apr 2007	0	255	59.61	7.81	$1,990
Mar 2007	626	376	56.92	7.30	$38,377
Feb 2007	301	342	55.10	8.22	$19,395
Jan 2007	233	301	50.30	6.73	$13,745
Dec 2006	222	318	56.65	6.92	$14,776
Nov 2006	459	244	54.20	7.62	$26,736
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	91	0	60.08	5.04	$5,467
Aug 2006	45	276	68.71	7.34	$5,118
Jul 2006	86	210	69.37	6.34	$7,298
Jun 2006	93	354	66.28	6.38	$8,424
May 2006	186	286	66.01	6.42	$14,115
Apr 2006	93	300	64.39	7.36	$8,196
Mar 2006	187	322	56.70	7.08	$12,884
Feb 2006	95	299	57.59	7.75	$7,789
Jan 2006	93	353	60.59	8.93	$8,788
Dec 2005	185	742	54.94	13.42	$20,118
Nov 2005	98	403	54.69	10.59	$9,627
Oct 2005	180	397	58.34	13.80	$15,978
Sep 2005	92	302	61.45	12.08	$9,301
Aug 2005	186	339	61.51	9.80	$14,762
Jul 2005	92	548	55.69	7.84	$9,422
Jun 2005	93	578	52.33	7.38	$9,133
May 2005	180	598	45.22	6.65	$12,117
Apr 2005	94	632	49.20	7.36	$9,277
Mar 2005	94	416	50.37	7.15	$7,711
Feb 2005	185	1,052	45.22	6.31	$15,006
Jan 2005	187	664	43.16	6.32	$12,269
Dec 2004	95	692	39.86	6.75	$8,458
Nov 2004	176	710	45.28	6.33	$12,464
Oct 2004	173	638	49.70	6.52	$12,755
Sep 2004	180	674	43.24	5.28	$11,345
Aug 2004	183	861	42.37	5.55	$12,533
Jul 2004	183	1,200	38.28	6.08	$14,306
Jun 2004	279	1,654	36.10	6.43	$20,712
May 2004	376	263	37.48	6.49	$15,801
Apr 2004	88	121	34.47	5.86	$3,742
Mar 2004	95	136	34.36	5.53	$4,016
Feb 2004	92	115	32.45	5.51	$3,619
Jan 2004	94	121	32.03	6.30	$3,773
Dec 2003	177	124	30.26	6.30	$6,137
Nov 2003	96	118	28.80	4.60	$3,307
Oct 2003	95	114	28.17	4.76	$3,219
Sep 2003	94	118	26.31	4.75	$3,034
Aug 2003	115	95	29.76	5.13	$3,910
Jul 2003	117	182	29.41	5.17	$4,382
Jun 2003	110	154	28.56	5.98	$4,063
May 2003	116	152	26.59	5.97	$3,992
Apr 2003	444	166	26.67	5.41	$12,739
Mar 2003	116	200	31.14	6.10	$4,831
Feb 2003	116	166	33.48	7.93	$5,199
Jan 2003	112	156	30.31	5.58	$4,266
Dec 2002	235	196	26.91	4.85	$7,275
Nov 2002	0	144	24.66	4.14	$596
Oct 2002	0	114	26.46	4.23	$482
Sep 2002	0	91	27.44	3.64	$331
Aug 2002	0	116	25.96	3.16	$367
Jul 2002	0	214	24.58	3.06	$655
Jun 2002	0	88	23.73	3.34	$294
May 2002	367	102	24.66	3.58	$9,416
Apr 2002	0	257	23.65	3.51	$903
Mar 2002	0	210	22.00	3.10	$652
Feb 2002	0	164	18.22	2.38	$390
Jan 2002	0	138	17.17	2.38	$328
Dec 2001	456	20	16.93	2.36	$7,767
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	2	12	19.78	2.53	$70
Sep 2001	0	73	24.26	2.25	$164
Aug 2001	0	78	24.87	3.05	$238
Jul 2001	458	66	23.93	3.20	$11,171
Jun 2001	0	47	24.56	3.82	$180
May 2001	0	70	25.52	4.31	$302
Apr 2001	0	79	24.68	5.34	$421
Mar 2001	190	105	24.54	5.38	$5,227
Feb 2001	0	82	27.75	5.77	$473
Jan 2001	1	52	27.47	8.40	$464
Dec 2000	237	67	26.88	9.12	$6,982
Nov 2000	0	124	32.21	5.66	$702
Oct 2000	0	178	31.23	5.15	$916
Sep 2000	447	0	31.87	5.19	$14,246
Aug 2000	9	35	29.64	4.54	$426
Jul 2000	1	60	28.53	4.09	$274
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	46	27.26	3.68	$169
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	332	46	28.42	2.86	$9,567
Feb 2000	0	22	27.62	2.73	$60
Jan 2000	225	0	25.27	2.48	$5,686
Dec 1999	172	12	24.28	2.42	$4,205
Nov 1999	475	8	23.19	2.43	$11,035
Oct 1999	0	72	20.98	2.80	$202
Sep 1999	0	76	21.75	2.62	$199
Aug 1999	380	139	19.26	2.88	$7,719
Jul 1999	165	184	17.89	2.37	$3,388
Jun 1999	0	221	15.94	2.36	$522
May 1999	324	212	15.79	2.32	$5,608
Apr 1999	2	274	15.10	2.21	$635
Mar 1999	261	119	12.47	1.84	$3,473
Feb 1999	0	87	9.98	1.82	$158
Jan 1999	264	67	10.38	1.90	$2,868
Dec 1998	2	106	9.20	1.77	$206
Nov 1998	2	157	10.89	2.19	$365
Oct 1998	298	221	12.42	1.97	$4,136
Sep 1998	0	205	12.59	2.08	$427
Aug 1998	373	301	11.30	1.91	$4,789
Jul 1998	0	221	11.74	2.24	$494
Jun 1998	360	326	11.24	2.24	$4,776
May 1998	0	305	12.62	2.21	$673
Apr 1998	352	366	13.04	2.51	$5,507
Mar 1998	6	313	12.80	2.31	$800
Feb 1998	180	242	13.95	2.30	$3,067
Jan 1998	187	253	14.70	2.15	$3,294
Dec 1997	202	188	16.32	2.41	$3,750
Nov 1997	184	354	18.19	3.09	$4,440
Oct 1997	199	287	19.25	3.15	$4,735
Sep 1997	179	333	17.74	2.95	$4,159
Aug 1997	199	313	17.86	2.55	$4,354
Jul 1997	198	251	17.58	2.25	$4,045
Jun 1997	175	208	17.24	2.26	$3,487
May 1997	176	99	18.97	2.31	$3,567
Apr 1997	179	217	17.88	2.08	$3,652
Mar 1997	217	179	18.95	1.94	$4,459
Feb 1997	180	279	20.49	2.21	$4,304
Jan 1997	185	175	23.48	3.54	$4,963
Dec 1996	184	181	23.32	—	$4,291
Nov 1996	135	126	21.97	—	$2,966
Oct 1996	201	160	23.31	—	$4,685
Sep 1996	157	130	22.22	—	$3,489
Aug 1996	199	251	20.26	—	$4,032
Jul 1996	203	80	19.55	—	$3,969
Jun 1996	184	202	18.73	—	$3,446
May 1996	204	296	19.43	—	$3,964
Apr 1996	197	309	21.51	—	$4,237
Mar 1996	189	272	19.38	—	$3,663
Feb 1996	200	256	16.98	—	$3,396
Jan 1996	206	183	17.07	—	$3,516
Dec 1995	214	232	17.19	—	$3,679
Nov 1995	218	273	16.00	—	$3,488
Oct 1995	225	290	15.43	—	$3,472
Sep 1995	208	305	16.18	—	$3,365
Aug 1995	220	399	15.92	—	$3,502
Jul 1995	221	356	15.24	—	$3,368
Jun 1995	212	310	16.41	—	$3,479
May 1995	216	243	17.56	—	$3,793
Apr 1995	222	237	17.73	—	$3,936
Mar 1995	217	329	16.44	—	$3,567
Feb 1995	204	177	16.58	—	$3,382
Jan 1995	200	138	15.92	—	$3,184
Dec 1994	193	86	15.03	—	$2,901
Nov 1994	205	121	15.90	—	$3,260
Oct 1994	222	481	15.58	—	$3,459
Sep 1994	198	352	15.29	—	$3,027
Aug 1994	218	459	16.13	—	$3,516
Jul 1994	252	194	17.56	—	$4,425
Jun 1994	182	193	17.09	—	$3,110
May 1994	211	415	15.88	—	$3,351
Apr 1994	208	473	14.14	—	$2,941
Mar 1994	233	387	12.46	—	$2,903
Feb 1994	226	121	12.50	—	$2,825
Jan 1994	207	141	12.66	—	$2,621
Dec 1993	215	120	12.33	—	$2,651
Nov 1993	221	89	14.49	—	$3,202
Oct 1993	241	267	15.85	—	$3,820
Sep 1993	225	323	15.03	—	$3,382
Aug 1993	252	449	15.66	—	$3,946
Jul 1993	230	376	15.46	—	$3,556
Jun 1993	240	379	16.79	—	$4,030
May 1993	252	413	17.68	—	$4,455
Apr 1993	240	493	18.05	—	$4,332
Mar 1993	257	427	18.14	—	$4,662
Feb 1993	235	451	17.90	—	$4,207
Jan 1993	263	378	16.93	—	$4,453

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 2007 — as filed, then multipliedworked

Oil                  182 bbl  × $ 91.67 =    $16,684
Casinghead gas         0 Mcf  × $  7.29 =         $0

────────────────────────────────────────────────────
Month total                                  $16,684

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/24540 is the state's own key, not one this site invented.