UNIVERSITY -U-

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

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) 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 26650District 08Field 09358450Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$835 k

Jan 1993 – Nov 2007

Value, last 12 filed months

at the published price for each month

Months reported

179

no gaps in the span

Streams

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.

Stream	Basis	Volume	Value
Oil	Disposition	33,050 bbl	$695,197
Casinghead gas	Production	53,170 Mcf	$139,902
Total			$835,099

13,222 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 31.4615, -102.4812. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46155, -102.48124 · 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

100.0%

1 of 1 wells

Median depth

9,050 ft

1 wells filed one

Completion to plug

18.0 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 9,050 ft.

Completions filed

Jul 2007

1 of 1 wells

Plug dates filed

Jul 2025

1 of 1 wells

Last completion to plug: a median of 18.0 years across the 1 well that filed both dates, with the middle half between 18.0 years and 18.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-10332491	1	9,050 ft	Jul 2007	Jul 2025	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 (179)

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

179 months


Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	4	66.28	6.38	$26
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	2	0	55.69	7.84	$111
Jun 2005	174	206	52.33	7.38	$10,626
May 2005	191	211	45.22	6.65	$10,040
Apr 2005	178	206	49.20	7.36	$10,274
Mar 2005	59	211	50.37	7.15	$4,482
Feb 2005	156	192	45.22	6.31	$8,266
Jan 2005	156	211	43.16	6.32	$8,067
Dec 2004	168	183	39.86	6.75	$7,932
Nov 2004	186	177	45.28	6.33	$9,543
Oct 2004	178	183	49.70	6.52	$10,039
Sep 2004	148	206	43.24	5.28	$7,488
Aug 2004	167	211	42.37	5.55	$8,247
Jul 2004	190	211	38.28	6.08	$8,557
Jun 2004	104	300	36.10	6.43	$5,684
May 2004	133	186	37.48	6.49	$6,193
Apr 2004	157	0	34.47	5.86	$5,412
Mar 2004	37	305	34.36	5.53	$2,958
Feb 2004	366	257	32.45	5.51	$13,293
Jan 2004	213	310	32.03	6.30	$8,775
Dec 2003	143	275	30.26	6.30	$6,060
Nov 2003	132	266	28.80	4.60	$5,024
Oct 2003	194	275	28.17	4.76	$6,774
Sep 2003	159	270	26.31	4.75	$5,466
Aug 2003	207	248	29.76	5.13	$7,432
Jul 2003	170	279	29.41	5.17	$6,442
Jun 2003	135	270	28.56	5.98	$5,471
May 2003	145	279	26.59	5.97	$5,522
Apr 2003	165	261	26.67	5.41	$5,812
Mar 2003	176	284	31.14	6.10	$7,212
Feb 2003	177	262	33.48	7.93	$8,003
Jan 2003	179	276	30.31	5.58	$6,966
Dec 2002	98	273	26.91	4.85	$3,962
Nov 2002	116	371	24.66	4.14	$4,395
Oct 2002	104	247	26.46	4.23	$3,796
Sep 2002	146	287	27.44	3.64	$5,050
Aug 2002	193	336	25.96	3.16	$6,073
Jul 2002	138	232	24.58	3.06	$4,102
Jun 2002	194	356	23.73	3.34	$5,792
May 2002	238	341	24.66	3.58	$7,091
Apr 2002	200	311	23.65	3.51	$5,822
Mar 2002	148	299	22.00	3.10	$4,184
Feb 2002	198	295	18.22	2.38	$4,308
Jan 2002	198	331	17.17	2.38	$4,186
Dec 2001	174	371	16.93	2.36	$3,823
Nov 2001	192	317	18.07	2.41	$4,232
Oct 2001	191	287	19.78	2.53	$4,504
Sep 2001	196	340	24.26	2.25	$5,520
Aug 2001	210	391	24.87	3.05	$6,416
Jul 2001	179	469	23.93	3.20	$5,783
Jun 2001	168	361	24.56	3.82	$5,507
May 2001	156	387	25.52	4.31	$5,648
Apr 2001	8	0	24.68	5.34	$197
Mar 2001	125	302	24.54	5.38	$4,691
Feb 2001	149	373	27.75	5.77	$6,286
Jan 2001	168	391	27.47	8.40	$7,899
Dec 2000	174	401	26.88	9.12	$8,335
Nov 2000	166	392	32.21	5.66	$7,565
Oct 2000	162	425	31.23	5.15	$7,246
Sep 2000	150	408	31.87	5.19	$6,897
Aug 2000	206	433	29.64	4.54	$8,072
Jul 2000	140	328	28.53	4.09	$5,336
Jun 2000	196	432	29.30	4.40	$7,642
May 2000	202	546	27.26	3.68	$7,516
Apr 2000	129	332	24.51	3.12	$4,196
Mar 2000	114	266	28.42	2.86	$4,001
Feb 2000	178	495	27.62	2.73	$6,266
Jan 2000	187	635	25.27	2.48	$6,301
Dec 1999	205	630	24.28	2.42	$6,504
Nov 1999	197	628	23.19	2.43	$6,097
Oct 1999	215	650	20.98	2.80	$6,333
Sep 1999	200	623	21.75	2.62	$5,982
Aug 1999	203	657	19.26	2.88	$5,799
Jul 1999	208	680	17.89	2.37	$5,334
Jun 1999	887	675	15.94	2.36	$15,733
May 1999	365	473	15.79	2.32	$6,861
Apr 1999	0	434	15.10	2.21	$958
Mar 1999	359	638	12.47	1.84	$5,650
Feb 1999	177	569	9.98	1.82	$2,801
Jan 1999	186	633	10.38	1.90	$3,133
Dec 1998	370	624	9.20	1.77	$4,511
Nov 1998	182	629	10.89	2.19	$3,357
Oct 1998	185	638	12.42	1.97	$3,554
Sep 1998	177	588	12.59	2.08	$3,453
Aug 1998	180	465	11.30	1.91	$2,921
Jul 1998	178	590	11.74	2.24	$3,410
Jun 1998	361	583	11.24	2.24	$5,362
May 1998	350	730	12.62	2.21	$6,028
Apr 1998	194	578	13.04	2.51	$3,978
Mar 1998	185	701	12.80	2.31	$3,987
Feb 1998	382	655	13.95	2.30	$6,835
Jan 1998	194	665	14.70	2.15	$4,285
Dec 1997	191	655	16.32	2.41	$4,696
Nov 1997	178	656	18.19	3.09	$5,264
Oct 1997	393	376	19.25	3.15	$8,750
Sep 1997	194	664	17.74	2.95	$5,404
Aug 1997	391	686	17.86	2.55	$8,736
Jul 1997	195	686	17.58	2.25	$4,970
Jun 1997	197	0	17.24	2.26	$3,396
May 1997	376	686	18.97	2.31	$8,716
Apr 1997	386	664	17.88	2.08	$8,285
Mar 1997	189	125	18.95	1.94	$3,824
Feb 1997	199	113	20.49	2.21	$4,327
Jan 1997	193	125	23.48	3.54	$4,974
Dec 1996	389	128	23.32	—	$9,071
Nov 1996	201	121	21.97	—	$4,416
Oct 1996	196	125	23.31	—	$4,569
Sep 1996	198	121	22.22	—	$4,400
Aug 1996	184	31	20.26	—	$3,728
Jul 1996	176	31	19.55	—	$3,441
Jun 1996	198	30	18.73	—	$3,709
May 1996	388	31	19.43	—	$7,539
Apr 1996	200	121	21.51	—	$4,302
Mar 1996	200	125	19.38	—	$3,876
Feb 1996	200	117	16.98	—	$3,396
Jan 1996	404	31	17.07	—	$6,896
Dec 1995	202	125	17.19	—	$3,472
Nov 1995	184	121	16.00	—	$2,944
Oct 1995	399	31	15.43	—	$6,157
Sep 1995	199	121	16.18	—	$3,220
Aug 1995	201	124	15.92	—	$3,200
Jul 1995	182	125	15.24	—	$2,774
Jun 1995	386	120	16.41	—	$6,334
May 1995	187	155	17.56	—	$3,284
Apr 1995	182	150	17.73	—	$3,227
Mar 1995	377	156	16.44	—	$6,198
Feb 1995	184	140	16.58	—	$3,051
Jan 1995	390	124	15.92	—	$6,209
Dec 1994	188	156	15.03	—	$2,826
Nov 1994	370	128	15.90	—	$5,883
Oct 1994	188	124	15.58	—	$2,929
Sep 1994	201	121	15.29	—	$3,073
Aug 1994	361	126	16.13	—	$5,823
Jul 1994	183	124	17.56	—	$3,213
Jun 1994	372	271	17.09	—	$6,357
May 1994	181	341	15.88	—	$2,874
Apr 1994	201	621	14.14	—	$2,842
Mar 1994	375	589	12.46	—	$4,673
Feb 1994	383	420	12.50	—	$4,788
Jan 1994	195	465	12.66	—	$2,469
Dec 1993	0	651	12.33	—	$0
Nov 1993	376	614	14.49	—	$5,448
Oct 1993	390	505	15.85	—	$6,182
Sep 1993	389	840	15.03	—	$5,847
Aug 1993	0	868	15.66	—	$0
Jul 1993	399	310	15.46	—	$6,169
Jun 1993	395	300	16.79	—	$6,632
May 1993	359	327	17.68	—	$6,347
Apr 1993	376	330	18.05	—	$6,787
Mar 1993	372	186	18.14	—	$6,748
Feb 1993	372	1,092	17.90	—	$6,659
Jan 1993	359	1,209	16.93	—	$6,078

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.

Jun 2006 — as filed, then multipliedworked

Oil                    0 bbl  × $ 66.28 =         $0
Casinghead gas         4 Mcf  × $  6.38 =        $26

────────────────────────────────────────────────────
Month total                                      $26

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/26650 is the state's own key, not one this site invented.