UNIVERSITY -7-

Name: UNIVERSITY -7- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SHERIDAN PRODUCTION COMPANY, LLC (P-5 775854) in the FUHRMAN-MASCHO field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27234District 08Field 33176001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$1.3 M

Jan 1993 – May 2015

Value, last 12 filed months

at the published price for each month

Months reported

269

no gaps in the span

Streams

oil, casinghead gas

The FUHRMAN-MASCHO 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 510 leases and 5,228 wells, and the rule below applies to all of them.

Discovered

1930-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2008-10-20.

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: “ANDRES RESERVOIRS.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	4	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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	19,782 bbl	$1,120,453
Casinghead gas	Production	28,030 Mcf	$148,382
Total			$1,268,835

4,961 Mcf of this lease's gas, across 43 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 (6)

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 32.1707, -102.7328. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.17007, -102.73481 · 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%

6 of 6 wells

With a plug date

100.0%

6 of 6 wells

Median depth

4,825 ft

6 wells filed one

Completion to plug

25.1 years

median over 6 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

6100.0%

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

6100.0%

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 4,750 and 4,860 ft, median 4,825 ft, over the 6 wells that filed a depth.

Completions filed

Mar 1982 – Apr 2010

6 of 6 wells

Plug dates filed

Dec 2002 – Oct 2013

6 of 6 wells

Last completion to plug: a median of 25.1 years across the 6 wells that filed both dates, with the middle half between 7.7 years and 31.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-00341340	7	4,819 ft	Apr 2010	Oct 2013	Yes
42-00341086	5	4,757 ft	Feb 2010	Sep 2013	Yes
42-00333131	2	4,830 ft	May 1983	Sep 2013	Yes
42-00333132	3	4,840 ft	Feb 1983	Dec 2002	Yes
42-00333096	1	4,750 ft	Jul 1982	Sep 2013	Yes
42-00333112	4	4,860 ft	Mar 1982	Oct 2013	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 (269)

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

269 months


May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	4	0	91.60	3.42	$366
Dec 2012	35	10	86.77	3.42	$3,071
Nov 2012	30	53	86.95	3.62	$2,801
Oct 2012	28	51	89.38	3.40	$2,676
Sep 2012	26	30	94.67	2.92	$2,549
Aug 2012	24	35	92.66	2.91	$2,326
Jul 2012	27	20	85.13	3.02	$2,359
Jun 2012	27	28	79.82	2.52	$2,226
May 2012	33	35	91.61	2.49	$3,110
Apr 2012	35	34	101.65	2.00	$3,626
Mar 2012	27	20	105.05	2.22	$2,881
Feb 2012	29	17	101.10	2.57	$2,976
Jan 2012	30	27	98.09	2.73	$3,017
Dec 2011	38	39	96.87	3.24	$3,807
Nov 2011	23	27	95.72	3.31	$2,291
Oct 2011	23	31	84.98	3.65	$2,068
Sep 2011	20	25	83.62	3.99	$1,772
Aug 2011	27	27	83.40	4.15	$2,364
Jul 2011	57	13	94.14	4.52	$5,425
Jun 2011	60	20	92.90	4.64	$5,667
May 2011	79	45	98.13	4.40	$7,950
Apr 2011	130	51	105.96	4.33	$13,996
Mar 2011	130	32	96.36	4.06	$12,657
Feb 2011	40	29	85.64	4.18	$3,547
Jan 2011	93	18	86.50	4.59	$8,127
Dec 2010	125	29	85.73	4.35	$10,842
Nov 2010	36	36	80.84	3.80	$3,047
Oct 2010	31	23	78.10	3.51	$2,502
Sep 2010	69	31	72.63	3.98	$5,135
Aug 2010	184	30	73.68	4.42	$13,690
Jul 2010	32	29	72.55	4.74	$2,459
Jun 2010	28	30	70.36	4.91	$2,117
May 2010	414	102	71.12	4.24	$29,876
Apr 2010	335	306	81.69	4.12	$28,628
Mar 2010	53	30	78.39	4.39	$4,286
Feb 2010	5	12	73.58	5.44	$433
Jan 2010	3	241	74.36	5.96	$1,660
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	32	30	74.59	3.75	$2,499
Oct 2009	33	16	72.54	4.11	$2,460
Sep 2009	6	0	65.54	3.06	$393
Aug 2009	0	16	67.42	3.22	$52
Jul 2009	170	38	61.13	3.46	$10,524
Jun 2009	0	53	66.16	3.90	$206
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	2	46.77	3.59	$7
Mar 2009	171	11	42.14	4.06	$7,251
Feb 2009	0	132	32.81	4.63	$612
Jan 2009	0	192	35.86	5.37	$1,031
Dec 2008	207	323	37.10	5.98	$9,610
Nov 2008	81	238	55.49	6.86	$6,127
Oct 2008	75	136	75.24	6.92	$6,584
Sep 2008	0	152	101.76	7.88	$1,197
Aug 2008	252	336	114.22	8.48	$31,634
Jul 2008	129	234	131.08	11.39	$19,574
Jun 2008	241	278	131.33	13.03	$35,274
May 2008	134	347	123.17	11.57	$20,521
Apr 2008	382	353	110.31	10.45	$45,829
Mar 2008	271	366	101.90	9.66	$31,152
Feb 2008	292	397	92.53	8.77	$30,501
Jan 2008	265	412	90.38	8.21	$27,331
Dec 2007	150	308	88.33	7.30	$15,499
Nov 2007	102	235	91.67	7.29	$11,064
Oct 2007	110	339	82.85	6.92	$11,460
Sep 2007	328	439	75.84	6.24	$27,617
Aug 2007	220	483	69.06	6.39	$18,279
Jul 2007	212	347	70.90	6.39	$17,247
Jun 2007	401	522	62.00	7.55	$28,802
May 2007	277	540	58.74	7.85	$20,508
Apr 2007	416	494	59.61	7.81	$28,654
Mar 2007	275	621	56.92	7.30	$20,188
Feb 2007	138	594	55.10	8.22	$12,484
Jan 2007	387	588	50.30	6.73	$23,421
Dec 2006	386	456	56.65	6.92	$25,022
Nov 2006	506	304	54.20	7.62	$29,741
Oct 2006	348	225	54.90	6.01	$20,458
Sep 2006	227	102	60.08	5.04	$14,152
Aug 2006	350	392	68.71	7.34	$26,926
Jul 2006	330	489	69.37	6.34	$25,994
Jun 2006	566	490	66.28	6.38	$40,643
May 2006	193	489	66.01	6.42	$15,882
Apr 2006	310	581	64.39	7.36	$24,237
Mar 2006	217	595	56.70	7.08	$16,518
Feb 2006	65	198	57.59	7.75	$5,278
Jan 2006	0	1	60.59	8.93	$9
Dec 2005	172	121	54.94	13.42	$11,073
Nov 2005	171	207	54.69	10.59	$11,544
Oct 2005	160	180	58.34	13.80	$11,818
Sep 2005	832	27	61.45	12.08	$51,453
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	205	0	55.69	7.84	$11,416
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	169	0	49.20	7.36	$8,315
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	167	1	45.22	6.31	$7,558
Jan 2005	0	97	43.16	6.32	$613
Dec 2004	144	91	39.86	6.75	$6,354
Nov 2004	0	88	45.28	6.33	$557
Oct 2004	0	45	49.70	6.52	$293
Sep 2004	169	1	43.24	5.28	$7,313
Aug 2004	0	3	42.37	5.55	$17
Jul 2004	175	118	38.28	6.08	$7,417
Jun 2004	0	119	36.10	6.43	$766
May 2004	164	123	37.48	6.49	$6,946
Apr 2004	0	120	34.47	5.86	$703
Mar 2004	171	136	34.36	5.53	$6,628
Feb 2004	0	95	32.45	5.51	$523
Jan 2004	0	128	32.03	6.30	$806
Dec 2003	175	117	30.26	6.30	$6,033
Nov 2003	177	129	28.80	4.60	$5,690
Oct 2003	0	122	28.17	4.76	$581
Sep 2003	0	126	26.31	4.75	$598
Aug 2003	0	111	29.76	5.13	$569
Jul 2003	0	126	29.41	5.17	$652
Jun 2003	191	120	28.56	5.98	$6,173
May 2003	0	92	26.59	5.97	$549
Apr 2003	0	131	26.67	5.41	$708
Mar 2003	186	131	31.14	6.10	$6,591
Feb 2003	0	122	33.48	7.93	$967
Jan 2003	169	135	30.31	5.58	$5,876
Dec 2002	0	115	26.91	4.85	$558
Nov 2002	181	128	24.66	4.14	$4,993
Oct 2002	0	128	26.46	4.23	$541
Sep 2002	181	129	27.44	3.64	$5,436
Aug 2002	0	65	25.96	3.16	$206
Jul 2002	0	59	24.58	3.06	$181
Jun 2002	181	114	23.73	3.34	$4,676
May 2002	0	190	24.66	3.58	$681
Apr 2002	0	172	23.65	3.51	$604
Mar 2002	182	179	22.00	3.10	$4,559
Feb 2002	0	192	18.22	2.38	$456
Jan 2002	89	217	17.17	2.38	$2,044
Dec 2001	0	219	16.93	2.36	$518
Nov 2001	176	210	18.07	2.41	$3,685
Oct 2001	0	217	19.78	2.53	$549
Sep 2001	0	217	24.26	2.25	$489
Aug 2001	0	208	24.87	3.05	$635
Jul 2001	177	255	23.93	3.20	$5,051
Jun 2001	0	270	24.56	3.82	$1,033
May 2001	0	200	25.52	4.31	$861
Apr 2001	191	198	24.68	5.34	$5,770
Mar 2001	181	334	24.54	5.38	$6,237
Feb 2001	0	5	27.75	5.77	$29
Jan 2001	0	5	27.47	8.40	$42
Dec 2000	0	5	26.88	9.12	$46
Nov 2000	0	7	32.21	5.66	$40
Oct 2000	0	11	31.23	5.15	$57
Sep 2000	0	11	31.87	5.19	$57
Aug 2000	0	10	29.64	4.54	$45
Jul 2000	0	11	28.53	4.09	$45
Jun 2000	0	11	29.30	4.40	$48
May 2000	0	8	27.26	3.68	$29
Apr 2000	0	12	24.51	3.12	$37
Mar 2000	0	13	28.42	2.86	$37
Feb 2000	165	12	27.62	2.73	$4,590
Jan 2000	0	13	25.27	2.48	$32
Dec 1999	0	14	24.28	2.42	$34
Nov 1999	0	14	23.19	2.43	$34
Oct 1999	0	19	20.98	2.80	$53
Sep 1999	0	18	21.75	2.62	$47
Aug 1999	0	20	19.26	2.88	$58
Jul 1999	167	20	17.89	2.37	$3,035
Jun 1999	0	18	15.94	2.36	$43
May 1999	0	19	15.79	2.32	$44
Apr 1999	0	20	15.10	2.21	$44
Mar 1999	0	20	12.47	1.84	$37
Feb 1999	0	13	9.98	1.82	$24
Jan 1999	0	15	10.38	1.90	$29
Dec 1998	183	12	9.20	1.77	$1,705
Nov 1998	0	25	10.89	2.19	$55
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	178	0	12.62	2.21	$2,246
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	171	0	19.25	3.15	$3,292
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	158	0	18.95	1.94	$2,994
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	111	0	23.32	—	$2,589
Nov 1996	0	0	21.97	—	$0
Oct 1996	0	0	23.31	—	$0
Sep 1996	155	0	22.22	—	$3,444
Aug 1996	0	4	20.26	—	$0
Jul 1996	0	16	19.55	—	$0
Jun 1996	0	14	18.73	—	$0
May 1996	0	1	19.43	—	$0
Apr 1996	113	0	21.51	—	$2,431
Mar 1996	0	9	19.38	—	$0
Feb 1996	0	4	16.98	—	$0
Jan 1996	0	20	17.07	—	$0
Dec 1995	127	14	17.19	—	$2,183
Nov 1995	0	16	16.00	—	$0
Oct 1995	1	8	15.43	—	$15
Sep 1995	0	15	16.18	—	$0
Aug 1995	166	21	15.92	—	$2,643
Jul 1995	3	154	15.24	—	$46
Jun 1995	0	31	16.41	—	$0
May 1995	0	92	17.56	—	$0
Apr 1995	0	119	17.73	—	$0
Mar 1995	162	68	16.44	—	$2,663
Feb 1995	0	35	16.58	—	$0
Jan 1995	0	23	15.92	—	$0
Dec 1994	0	23	15.03	—	$0
Nov 1994	161	24	15.90	—	$2,560
Oct 1994	0	31	15.58	—	$0
Sep 1994	0	25	15.29	—	$0
Aug 1994	0	77	16.13	—	$0
Jul 1994	0	72	17.56	—	$0
Jun 1994	0	7	17.09	—	$0
May 1994	152	42	15.88	—	$2,414
Apr 1994	0	84	14.14	—	$0
Mar 1994	0	112	12.46	—	$0
Feb 1994	0	77	12.50	—	$0
Jan 1994	163	115	12.66	—	$2,064
Dec 1993	0	263	12.33	—	$0
Nov 1993	0	289	14.49	—	$0
Oct 1993	169	261	15.85	—	$2,679
Sep 1993	0	299	15.03	—	$0
Aug 1993	0	340	15.66	—	$0
Jul 1993	0	269	15.46	—	$0
Jun 1993	174	257	16.79	—	$2,921
May 1993	0	328	17.68	—	$0
Apr 1993	0	337	18.05	—	$0
Mar 1993	92	337	18.14	—	$1,669
Feb 1993	76	305	17.90	—	$1,360
Jan 1993	154	323	16.93	—	$2,607

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.

Jan 2013 — as filed, then multipliedworked

Oil                    4 bbl  × $ 91.60 =       $366
Casinghead gas         0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                     $366

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/27234 is the state's own key, not one this site invented.