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 CITATION OIL & GAS CORP. (P-5 154235) in the ANDREWS, SOUTH (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 264District 08Field 02730852Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$786 k

Jan 1993 – Dec 2004

Value, last 12 filed months

at the published price for each month

Months reported

144

no gaps in the span

Streams

oil, casinghead gas

The ANDREWS, SOUTH (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 68 leases and 131 wells, and the rule below applies to all of them.

Discovered

1953-09-14

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 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.

Stream	Basis	Volume	Value
Oil	Disposition	26,580 bbl	$480,456
Casinghead gas	Production	168,503 Mcf	$305,953
Total			$786,408

69,637 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 32.2029, -102.4936. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.20302, -102.49329 · 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%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

10,084 ft

4 wells filed one

Completion to plug

29.1 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

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

4100.0%

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 9,010 and 12,450 ft, median 10,084 ft, over the 4 wells that filed a depth.

Completions filed

Nov 1966 – Apr 1991

3 of 4 wells; 1 filed none

Plug dates filed

Apr 1979 – Nov 2004

4 of 4 wells

Last completion to plug: a median of 29.1 years across the 3 wells that filed both dates, with the middle half between 20.6 years and 33.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-00305180	9 U	11,090 ft	—	Apr 1979	Yes
42-00305175	4	12,450 ft	Apr 1991	May 2003	Yes
42-00305178	7	9,077 ft	Aug 1973	Sep 2002	Yes
42-00305179	8	9,010 ft	Nov 1966	Nov 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 (144)

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

144 months


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	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	33	26.67	5.41	$178
Mar 2003	0	31	31.14	6.10	$189
Feb 2003	0	1	33.48	7.93	$8
Jan 2003	0	1	30.31	5.58	$6
Dec 2002	0	1	26.91	4.85	$5
Nov 2002	34	1	24.66	4.14	$843
Oct 2002	53	395	26.46	4.23	$3,073
Sep 2002	58	398	27.44	3.64	$3,038
Aug 2002	64	425	25.96	3.16	$3,006
Jul 2002	66	491	24.58	3.06	$3,126
Jun 2002	65	441	23.73	3.34	$3,015
May 2002	76	443	24.66	3.58	$3,462
Apr 2002	179	384	23.65	3.51	$5,582
Mar 2002	147	599	22.00	3.10	$5,093
Feb 2002	163	784	18.22	2.38	$4,832
Jan 2002	200	1,517	17.17	2.38	$7,038
Dec 2001	240	1,523	16.93	2.36	$7,664
Nov 2001	202	1,485	18.07	2.41	$7,222
Oct 2001	192	1,542	19.78	2.53	$7,697
Sep 2001	183	1,438	24.26	2.25	$7,677
Aug 2001	172	1,525	24.87	3.05	$8,934
Jul 2001	254	1,675	23.93	3.20	$11,433
Jun 2001	121	1,556	24.56	3.82	$8,922
May 2001	164	1,605	25.52	4.31	$11,099
Apr 2001	220	1,528	24.68	5.34	$13,582
Mar 2001	226	1,601	24.54	5.38	$14,154
Feb 2001	178	1,431	27.75	5.77	$13,192
Jan 2001	310	1,628	27.47	8.40	$22,189
Dec 2000	170	1,517	26.88	9.12	$18,408
Nov 2000	162	1,460	32.21	5.66	$13,479
Oct 2000	154	1,368	31.23	5.15	$11,848
Sep 2000	198	1,633	31.87	5.19	$14,780
Aug 2000	148	1,621	29.64	4.54	$11,747
Jul 2000	207	1,621	28.53	4.09	$12,535
Jun 2000	150	1,553	29.30	4.40	$11,224
May 2000	179	1,540	27.26	3.68	$10,546
Apr 2000	170	1,706	24.51	3.12	$9,483
Mar 2000	182	1,380	28.42	2.86	$9,119
Feb 2000	186	1,452	27.62	2.73	$9,096
Jan 2000	182	1,560	25.27	2.48	$8,469
Dec 1999	208	1,529	24.28	2.42	$8,756
Nov 1999	184	1,565	23.19	2.43	$8,076
Oct 1999	147	1,629	20.98	2.80	$7,651
Sep 1999	154	1,581	21.75	2.62	$7,490
Aug 1999	146	1,724	19.26	2.88	$7,769
Jul 1999	150	1,622	17.89	2.37	$6,531
Jun 1999	151	1,571	15.94	2.36	$6,118
May 1999	199	1,738	15.79	2.32	$7,176
Apr 1999	144	1,518	15.10	2.21	$5,526
Mar 1999	146	1,650	12.47	1.84	$4,854
Feb 1999	117	1,495	9.98	1.82	$3,885
Jan 1999	145	1,644	10.38	1.90	$4,629
Dec 1998	158	1,660	9.20	1.77	$4,397
Nov 1998	155	1,554	10.89	2.19	$5,085
Oct 1998	160	1,711	12.42	1.97	$5,357
Sep 1998	137	1,690	12.59	2.08	$5,244
Aug 1998	159	1,767	11.30	1.91	$5,167
Jul 1998	134	1,760	11.74	2.24	$5,511
Jun 1998	151	1,713	11.24	2.24	$5,530
May 1998	123	1,757	12.62	2.21	$5,429
Apr 1998	146	1,632	13.04	2.51	$5,993
Mar 1998	144	1,627	12.80	2.31	$5,601
Feb 1998	124	1,489	13.95	2.30	$5,153
Jan 1998	137	1,562	14.70	2.15	$5,380
Dec 1997	111	1,630	16.32	2.41	$5,742
Nov 1997	93	1,300	18.19	3.09	$5,706
Oct 1997	99	1,395	19.25	3.15	$6,300
Sep 1997	113	1,429	17.74	2.95	$6,227
Aug 1997	98	1,642	17.86	2.55	$5,945
Jul 1997	118	1,590	17.58	2.25	$5,647
Jun 1997	131	1,528	17.24	2.26	$5,707
May 1997	283	1,466	18.97	2.31	$8,753
Apr 1997	120	1,279	17.88	2.08	$4,809
Mar 1997	117	1,178	18.95	1.94	$4,501
Feb 1997	113	1,120	20.49	2.21	$4,786
Jan 1997	118	1,228	23.48	3.54	$7,117
Dec 1996	120	1,256	23.32	—	$2,798
Nov 1996	120	1,206	21.97	—	$2,636
Oct 1996	135	1,240	23.31	—	$3,147
Sep 1996	121	1,151	22.22	—	$2,689
Aug 1996	116	1,030	20.26	—	$2,350
Jul 1996	122	1,095	19.55	—	$2,385
Jun 1996	104	966	18.73	—	$1,948
May 1996	120	1,021	19.43	—	$2,332
Apr 1996	113	975	21.51	—	$2,431
Mar 1996	113	973	19.38	—	$2,190
Feb 1996	103	899	16.98	—	$1,749
Jan 1996	114	733	17.07	—	$1,946
Dec 1995	144	1,251	17.19	—	$2,475
Nov 1995	128	1,312	16.00	—	$2,048
Oct 1995	145	1,312	15.43	—	$2,237
Sep 1995	116	1,644	16.18	—	$1,877
Aug 1995	172	1,796	15.92	—	$2,738
Jul 1995	279	1,789	15.24	—	$4,252
Jun 1995	405	1,747	16.41	—	$6,646
May 1995	476	1,678	17.56	—	$8,359
Apr 1995	494	1,750	17.73	—	$8,759
Mar 1995	230	1,509	16.44	—	$3,781
Feb 1995	258	1,450	16.58	—	$4,278
Jan 1995	366	1,583	15.92	—	$5,827
Dec 1994	356	1,618	15.03	—	$5,351
Nov 1994	393	1,576	15.90	—	$6,249
Oct 1994	347	1,328	15.58	—	$5,406
Sep 1994	401	1,688	15.29	—	$6,131
Aug 1994	425	1,667	16.13	—	$6,855
Jul 1994	357	1,454	17.56	—	$6,269
Jun 1994	448	1,685	17.09	—	$7,656
May 1994	410	1,578	15.88	—	$6,511
Apr 1994	442	1,736	14.14	—	$6,250
Mar 1994	525	1,936	12.46	—	$6,542
Feb 1994	475	1,444	12.50	—	$5,938
Jan 1994	554	1,734	12.66	—	$7,014
Dec 1993	560	1,688	12.33	—	$6,905
Nov 1993	500	1,684	14.49	—	$7,245
Oct 1993	471	1,781	15.85	—	$7,465
Sep 1993	469	1,669	15.03	—	$7,049
Aug 1993	453	1,629	15.66	—	$7,094
Jul 1993	509	1,499	15.46	—	$7,869
Jun 1993	623	1,653	16.79	—	$10,460
May 1993	567	1,719	17.68	—	$10,025
Apr 1993	567	1,039	18.05	—	$10,234
Mar 1993	525	1,720	18.14	—	$9,524
Feb 1993	400	1,365	17.90	—	$7,160
Jan 1993	401	1,381	16.93	—	$6,789

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.

Apr 2003 — as filed, then multipliedworked

Oil                    0 bbl  × $ 26.67 =         $0
Casinghead gas        33 Mcf  × $  5.41 =       $178

────────────────────────────────────────────────────
Month total                                     $178

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/264 is the state's own key, not one this site invented.