UNIVERSITY 18

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

Operated by SANDRIDGE EXPL. AND PROD., LLC (P-5 748011) in the GOLDSMITH, N. (SAN ANDRES, CON.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27312District 08Field 35654664Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$737 k

Jan 1993 – Dec 2010

Value, last 12 filed months

$19 k

at the published price for each month

Months reported

216

no gaps in the span

Streams

oil, casinghead gas

The GOLDSMITH, N. (SAN ANDRES, CON.) 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 278 leases and 717 wells, and the rule below applies to all of them.

Discovered

1964-06-01

as the register files it

Field class

Oil and gas

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 10 acres. The field rule took effect on 2011-05-09.

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: “PER DOCKET 08-0269423 SPACING,DENSITY, AND ALLOCATION AMENDED.”

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	19,540 bbl	$687,886
Casinghead gas	Production	20,264 Mcf	$49,359
Total			$737,244

7,517 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 32.1617, -102.7317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

32.16164, -102.73155 · 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

0.0%

0 of 4 wells

Median depth

4,750 ft

4 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

4100.0%

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

Between 4,688 and 4,850 ft, median 4,750 ft, over the 4 wells that filed a depth.

Completions filed

Apr 1982 – May 1983

4 of 4 wells

4 wells


42-00333377	2	4,760 ft	May 1983	—	Yes
42-00333376	4	4,850 ft	Dec 1982	—	Yes
42-00333329	3	4,740 ft	Sep 1982	—	Yes
42-00333163	1	4,688 ft	Apr 1982	—	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 (216)

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

216 months


Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	61	29	71.12	4.24	$4,461
Apr 2010	27	306	81.69	4.12	$3,467
Mar 2010	37	26	78.39	4.39	$3,015
Feb 2010	36	12	73.58	5.44	$2,714
Jan 2010	47	241	74.36	5.96	$4,932
Dec 2009	41	37	71.44	5.48	$3,132
Nov 2009	62	57	74.59	3.75	$4,838
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	170	0	61.13	3.46	$10,392
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	171	0	42.14	4.06	$7,206
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	138	0	37.10	5.98	$5,120
Nov 2008	81	0	55.49	6.86	$4,495
Oct 2008	99	0	75.24	6.92	$7,449
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	77	0	114.22	8.48	$8,795
Jul 2008	40	0	131.08	11.39	$5,243
Jun 2008	93	0	131.33	13.03	$12,214
May 2008	41	0	123.17	11.57	$5,050
Apr 2008	117	0	110.31	10.45	$12,906
Mar 2008	83	0	101.90	9.66	$8,458
Feb 2008	45	0	92.53	8.77	$4,164
Jan 2008	81	0	90.38	8.21	$7,321
Dec 2007	23	0	88.33	7.30	$2,032
Nov 2007	60	0	91.67	7.29	$5,500
Oct 2007	64	0	82.85	6.92	$5,302
Sep 2007	191	0	75.84	6.24	$14,485
Aug 2007	128	0	69.06	6.39	$8,840
Jul 2007	123	0	70.90	6.39	$8,721
Jun 2007	122	0	62.00	7.55	$7,564
May 2007	72	0	58.74	7.85	$4,229
Apr 2007	108	0	59.61	7.81	$6,438
Mar 2007	71	0	56.92	7.30	$4,041
Feb 2007	36	0	55.10	8.22	$1,984
Jan 2007	134	0	50.30	6.73	$6,740
Dec 2006	139	0	56.65	6.92	$7,874
Nov 2006	192	0	54.20	7.62	$10,406
Oct 2006	174	0	54.90	6.01	$9,553
Sep 2006	113	0	60.08	5.04	$6,789
Aug 2006	174	0	68.71	7.34	$11,956
Jul 2006	158	0	69.37	6.34	$10,960
Jun 2006	113	0	66.28	6.38	$7,490
May 2006	307	0	66.01	6.42	$20,265
Apr 2006	380	0	64.39	7.36	$24,468
Mar 2006	639	0	56.70	7.08	$36,231
Feb 2006	243	0	57.59	7.75	$13,994
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	172	0	54.69	10.59	$9,407
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	138	0	61.45	12.08	$8,480
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	174	0	55.69	7.84	$9,690
Jun 2005	0	0	52.33	7.38	$0
May 2005	158	0	45.22	6.65	$7,145
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	176	0	50.37	7.15	$8,865
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	173	91	43.16	6.32	$8,042
Dec 2004	0	85	39.86	6.75	$574
Nov 2004	0	83	45.28	6.33	$525
Oct 2004	109	42	49.70	6.52	$5,691
Sep 2004	183	0	43.24	5.28	$7,913
Aug 2004	0	3	42.37	5.55	$17
Jul 2004	177	110	38.28	6.08	$7,445
Jun 2004	0	111	36.10	6.43	$714
May 2004	174	114	37.48	6.49	$7,262
Apr 2004	0	111	34.47	5.86	$650
Mar 2004	0	126	34.36	5.53	$697
Feb 2004	176	88	32.45	5.51	$6,196
Jan 2004	0	120	32.03	6.30	$756
Dec 2003	177	109	30.26	6.30	$6,043
Nov 2003	0	120	28.80	4.60	$551
Oct 2003	175	114	28.17	4.76	$5,472
Sep 2003	0	117	26.31	4.75	$556
Aug 2003	0	103	29.76	5.13	$528
Jul 2003	177	118	29.41	5.17	$5,816
Jun 2003	0	112	28.56	5.98	$670
May 2003	0	86	26.59	5.97	$514
Apr 2003	164	103	26.67	5.41	$4,931
Mar 2003	0	122	31.14	6.10	$744
Feb 2003	184	114	33.48	7.93	$7,064
Jan 2003	0	126	30.31	5.58	$703
Dec 2002	174	107	26.91	4.85	$5,202
Nov 2002	0	119	24.66	4.14	$492
Oct 2002	178	119	26.46	4.23	$5,213
Sep 2002	0	120	27.44	3.64	$436
Aug 2002	180	61	25.96	3.16	$4,866
Jul 2002	0	55	24.58	3.06	$168
Jun 2002	0	107	23.73	3.34	$357
May 2002	175	132	24.66	3.58	$4,789
Apr 2002	0	120	23.65	3.51	$421
Mar 2002	183	124	22.00	3.10	$4,411
Feb 2002	0	134	18.22	2.38	$318
Jan 2002	183	151	17.17	2.38	$3,501
Dec 2001	0	152	16.93	2.36	$359
Nov 2001	156	146	18.07	2.41	$3,170
Oct 2001	165	151	19.78	2.53	$3,646
Sep 2001	178	151	24.26	2.25	$4,658
Aug 2001	0	145	24.87	3.05	$443
Jul 2001	0	177	23.93	3.20	$566
Jun 2001	350	188	24.56	3.82	$9,315
May 2001	0	139	25.52	4.31	$599
Apr 2001	0	138	24.68	5.34	$736
Mar 2001	0	232	24.54	5.38	$1,247
Feb 2001	0	181	27.75	5.77	$1,044
Jan 2001	175	94	27.47	8.40	$5,597
Dec 2000	189	105	26.88	9.12	$6,038
Nov 2000	0	129	32.21	5.66	$730
Oct 2000	179	209	31.23	5.15	$6,666
Sep 2000	0	217	31.87	5.19	$1,125
Aug 2000	0	197	29.64	4.54	$895
Jul 2000	0	220	28.53	4.09	$900
Jun 2000	191	213	29.30	4.40	$6,533
May 2000	0	163	27.26	3.68	$600
Apr 2000	191	226	24.51	3.12	$5,386
Mar 2000	0	247	28.42	2.86	$706
Feb 2000	0	229	27.62	2.73	$624
Jan 2000	178	250	25.27	2.48	$5,118
Dec 1999	0	268	24.28	2.42	$650
Nov 1999	345	266	23.19	2.43	$8,648
Oct 1999	358	360	20.98	2.80	$8,520
Sep 1999	0	88	21.75	2.62	$230
Aug 1999	132	100	19.26	2.88	$2,830
Jul 1999	0	101	17.89	2.37	$240
Jun 1999	0	88	15.94	2.36	$208
May 1999	0	94	15.79	2.32	$218
Apr 1999	168	99	15.10	2.21	$2,755
Mar 1999	0	98	12.47	1.84	$180
Feb 1999	0	67	9.98	1.82	$122
Jan 1999	0	75	10.38	1.90	$143
Dec 1998	0	58	9.20	1.77	$103
Nov 1998	143	51	10.89	2.19	$1,669
Oct 1998	1	63	12.42	1.97	$136
Sep 1998	3	38	12.59	2.08	$117
Aug 1998	147	29	11.30	1.91	$1,716
Jul 1998	0	31	11.74	2.24	$69
Jun 1998	0	48	11.24	2.24	$107
May 1998	184	63	12.62	2.21	$2,461
Apr 1998	4	88	13.04	2.51	$273
Mar 1998	184	153	12.80	2.31	$2,709
Feb 1998	2	99	13.95	2.30	$256
Jan 1998	187	78	14.70	2.15	$2,917
Dec 1997	0	76	16.32	2.41	$183
Nov 1997	4	102	18.19	3.09	$388
Oct 1997	185	82	19.25	3.15	$3,820
Sep 1997	2	134	17.74	2.95	$431
Aug 1997	190	143	17.86	2.55	$3,759
Jul 1997	3	113	17.58	2.25	$307
Jun 1997	189	101	17.24	2.26	$3,486
May 1997	1	162	18.97	2.31	$393
Apr 1997	1	163	17.88	2.08	$357
Mar 1997	164	121	18.95	1.94	$3,342
Feb 1997	192	126	20.49	2.21	$4,212
Jan 1997	0	137	23.48	3.54	$485
Dec 1996	189	136	23.32	—	$4,407
Nov 1996	0	152	21.97	—	$0
Oct 1996	184	123	23.31	—	$4,289
Sep 1996	0	112	22.22	—	$0
Aug 1996	183	129	20.26	—	$3,708
Jul 1996	0	150	19.55	—	$0
Jun 1996	154	167	18.73	—	$2,884
May 1996	180	165	19.43	—	$3,497
Apr 1996	75	163	21.51	—	$1,613
Mar 1996	185	293	19.38	—	$3,585
Feb 1996	0	235	16.98	—	$0
Jan 1996	161	184	17.07	—	$2,748
Dec 1995	106	172	17.19	—	$1,822
Nov 1995	186	119	16.00	—	$2,976
Oct 1995	182	116	15.43	—	$2,808
Sep 1995	0	172	16.18	—	$0
Aug 1995	159	164	15.92	—	$2,531
Jul 1995	185	208	15.24	—	$2,819
Jun 1995	188	93	16.41	—	$3,085
May 1995	0	179	17.56	—	$0
Apr 1995	184	195	17.73	—	$3,262
Mar 1995	0	176	16.44	—	$0
Feb 1995	192	181	16.58	—	$3,183
Jan 1995	199	216	15.92	—	$3,168
Dec 1994	0	223	15.03	—	$0
Nov 1994	179	209	15.90	—	$2,846
Oct 1994	189	197	15.58	—	$2,945
Sep 1994	0	227	15.29	—	$0
Aug 1994	193	178	16.13	—	$3,113
Jul 1994	174	274	17.56	—	$3,055
Jun 1994	0	56	17.09	—	$0
May 1994	168	6	15.88	—	$2,668
Apr 1994	183	30	14.14	—	$2,588
Mar 1994	0	44	12.46	—	$0
Feb 1994	175	59	12.50	—	$2,188
Jan 1994	189	55	12.66	—	$2,393
Dec 1993	0	60	12.33	—	$0
Nov 1993	181	128	14.49	—	$2,623
Oct 1993	192	97	15.85	—	$3,043
Sep 1993	0	114	15.03	—	$0
Aug 1993	175	122	15.66	—	$2,741
Jul 1993	169	201	15.46	—	$2,613
Jun 1993	0	191	16.79	—	$0
May 1993	149	186	17.68	—	$2,634
Apr 1993	177	195	18.05	—	$3,195
Mar 1993	83	234	18.14	—	$1,506
Feb 1993	98	206	17.90	—	$1,754
Jan 1993	162	225	16.93	—	$2,743

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.

May 2010 — as filed, then multipliedworked

Oil                   61 bbl  × $ 71.12 =     $4,338
Casinghead gas        29 Mcf  × $  4.24 =       $123

────────────────────────────────────────────────────
Month total                                   $4,461

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/27312 is the state's own key, not one this site invented.