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UNIVERSITY -C-

Operated by MERIT ENERGY COMPANY (P-5 561136) in the BLOCK 31 (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26433District 08Field 09358450Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$111 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
no gaps in the span
Streams
2
oil, casinghead gas

The BLOCK 31 (DEVONIAN) 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 87 leases and 441 wells, and the rule below applies to all of them.

Discovered
1945-10-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
800 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1988-12-12.

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: “FORMULA IS SUSPENDED AND ALL OVERPRODUCTION IS CANCELLED.”

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
OilDisposition6,279 bbl$105,144
Casinghead gasProduction16,503 Mcf$5,507
Total$110,651

14,243 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 31.4857, -102.4706. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48569, -102.47060 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,503 ft
1 wells filed one
Completion to plug
17.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 9,503 ft.

Completions filed
Mar 1981
1 of 1 wells
Plug dates filed
Oct 1998
1 of 1 wells

Last completion to plug: a median of 17.6 years across the 1 well that filed both dates, with the middle half between 17.6 years and 17.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1031084519,503 ftMar 1981Oct 1998Yes

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 199994019.262.88$1,810
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 199851112.421.97$635
Sep 19980712.592.08$15
Aug 199809011.301.91$172
Jul 199807011.742.24$157
Jun 1998107011.242.24$1,203
May 19980012.622.21$0
Apr 19980213.042.51$5
Mar 19980112.802.31$2
Feb 199801013.952.30$23
Jan 199806714.702.15$144
Dec 199709416.322.41$227
Nov 199705518.193.09$170
Oct 199708919.253.15$280
Sep 1997011717.742.95$346
Aug 1997012217.862.55$312
Jul 1997012517.582.25$281
Jun 1997022717.242.26$512
May 199718023718.972.31$3,962
Apr 1997023717.882.08$494
Mar 199719225718.951.94$4,137
Feb 1997020920.492.21$461
Jan 199718924323.483.54$5,298
Dec 1996024823.32—$0
Nov 199619325521.97—$4,240
Oct 1996027523.31—$0
Sep 199617423822.22—$3,866
Aug 1996027620.26—$0
Jul 1996027819.55—$0
Jun 199635223018.73—$6,593
May 1996025319.43—$0
Apr 1996021021.51—$0
Mar 199617927719.38—$3,469
Feb 1996025416.98—$0
Jan 199618227717.07—$3,107
Dec 1995027717.19—$0
Nov 199518726616.00—$2,992
Oct 1995028715.43—$0
Sep 199517728316.18—$2,864
Aug 1995029315.92—$0
Jul 199517628115.24—$2,682
Jun 199518524116.41—$3,036
May 1995033817.56—$0
Apr 199518533017.73—$3,280
Mar 1995030216.44—$0
Feb 199519327916.58—$3,200
Jan 1995029015.92—$0
Dec 199418732115.03—$2,811
Nov 199418431715.90—$2,926
Oct 199418639115.58—$2,898
Sep 1994034315.29—$0
Aug 199417634216.13—$2,839
Jul 1994034017.56—$0
Jun 199418134617.09—$3,093
May 1994021415.88—$0
Apr 199418230314.14—$2,573
Mar 199418132112.46—$2,255
Feb 199417329912.50—$2,163
Jan 199418432612.66—$2,329
Dec 199318529012.33—$2,281
Nov 1993030514.49—$0
Oct 199318333815.85—$2,901
Sep 199318237215.03—$2,735
Aug 199318233015.66—$2,850
Jul 1993042215.46—$0
Jun 199318335816.79—$3,073
May 199318230817.68—$3,218
Apr 199318532218.05—$3,339
Mar 1993026018.14—$0
Feb 199318626217.90—$3,329
Jan 199318127516.93—$3,064

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.

Aug 1999 — as filed, then multipliedworked
Oil                   94 bbl  × $ 19.26 =     $1,810
Casinghead gas         0 Mcf  × $  2.88 =         $0

────────────────────────────────────────────────────
Month total                                   $1,810

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/26433 is the state's own key, not one this site invented.