UNIV. -11- SEC. -12-

Name: UNIV. -11- SEC. -12- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ARCO PERMIAN (P-5 29347) in the MARTIN (CLEAR FORK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28216District 08Field 57774083Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$2.6 M

Jan 1993 – May 2001

Value, last 12 filed months

$479 k

at the published price for each month

Months reported

101

no gaps in the span

Streams

oil, casinghead gas

The MARTIN (CLEAR FORK) 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 49 leases and 154 wells, and the rule below applies to all of them.

Discovered

1953-08-14

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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: “(CONSOLIDATED) FIELD”

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	1	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	63,816 bbl	$1,214,042
Casinghead gas	Production	1,024,440 Mcf	$1,403,566
Total			$2,617,608

491,274 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 (5)

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 32.1718, -102.7569. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.17132, -102.75691 · 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%

5 of 5 wells

With a plug date

40.0%

2 of 5 wells

Median depth

7,100 ft

5 wells filed one

Completion to plug

29.4 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

5100.0%

A plug date is filed

240.0%

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

240.0%

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 7,084 and 7,600 ft, median 7,100 ft, over the 5 wells that filed a depth.

Completions filed

Jan 1988 – Sep 2000

5 of 5 wells

Plug dates filed

May 2021 – Sep 2021

2 of 5 wells; 3 filed none

Last completion to plug: a median of 29.4 years across the 2 wells that filed both dates, with the middle half between 27.5 years and 31.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells


42-00338583	9A	7,600 ft	Sep 2000	—	Yes
42-00333814	8A	7,084 ft	Mar 1996	Sep 2021	Yes
42-00333441	6A	7,112 ft	Nov 1992	—	Yes
42-00333815	7A	7,100 ft	Mar 1992	—	Yes
42-00333440	5A	7,100 ft	Jan 1988	May 2021	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 (101)

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

101 months


May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	1,119	9,402	32.21	5.66	$89,240
Oct 2000	2,457	10,570	31.23	5.15	$131,120
Sep 2000	2,328	9,271	31.87	5.19	$122,277
Aug 2000	470	6,768	29.64	4.54	$44,663
Jul 2000	527	7,928	28.53	4.09	$47,459
Jun 2000	481	6,942	29.30	4.40	$44,619
May 2000	351	6,773	27.26	3.68	$34,491
Apr 2000	306	6,396	24.51	3.12	$27,430
Mar 2000	344	6,059	28.42	2.86	$27,104
Feb 2000	360	7,654	27.62	2.73	$30,812
Jan 2000	524	10,148	25.27	2.48	$38,414
Dec 1999	480	9,946	24.28	2.42	$35,761
Nov 1999	405	9,274	23.19	2.43	$31,965
Oct 1999	518	9,920	20.98	2.80	$38,680
Sep 1999	547	9,850	21.75	2.62	$37,693
Aug 1999	568	11,848	19.26	2.88	$45,010
Jul 1999	551	12,068	17.89	2.37	$38,487
Jun 1999	561	11,612	15.94	2.36	$36,371
May 1999	498	10,317	15.79	2.32	$31,809
Apr 1999	596	11,859	15.10	2.21	$35,185
Mar 1999	585	12,528	12.47	1.84	$30,326
Feb 1999	497	11,581	9.98	1.82	$26,012
Jan 1999	552	12,495	10.38	1.90	$29,470
Dec 1998	552	11,982	9.20	1.77	$26,326
Nov 1998	626	12,512	10.89	2.19	$34,165
Oct 1998	712	13,341	12.42	1.97	$35,114
Sep 1998	646	12,656	12.59	2.08	$34,491
Aug 1998	819	11,640	11.30	1.91	$31,456
Jul 1998	725	12,986	11.74	2.24	$37,565
Jun 1998	750	12,471	11.24	2.24	$36,331
May 1998	637	11,297	12.62	2.21	$32,964
Apr 1998	492	10,551	13.04	2.51	$32,849
Mar 1998	569	10,989	12.80	2.31	$32,662
Feb 1998	560	10,726	13.95	2.30	$32,472
Jan 1998	612	13,220	14.70	2.15	$37,483
Dec 1997	744	14,485	16.32	2.41	$47,067
Nov 1997	834	13,811	18.19	3.09	$57,822
Oct 1997	709	12,600	19.25	3.15	$53,336
Sep 1997	754	15,477	17.74	2.95	$59,109
Aug 1997	615	10,030	17.86	2.55	$36,608
Jul 1997	767	14,853	17.58	2.25	$46,858
Jun 1997	649	14,730	17.24	2.26	$44,437
May 1997	701	15,652	18.97	2.31	$49,431
Apr 1997	807	14,631	17.88	2.08	$44,902
Mar 1997	906	14,604	18.95	1.94	$45,488
Feb 1997	938	13,018	20.49	2.21	$47,936
Jan 1997	1,012	13,695	23.48	3.54	$72,238
Dec 1996	919	13,530	23.32	—	$21,431
Nov 1996	958	12,656	21.97	—	$21,047
Oct 1996	1,038	13,162	23.31	—	$24,196
Sep 1996	879	12,543	22.22	—	$19,531
Aug 1996	1,002	12,186	20.26	—	$20,301
Jul 1996	1,741	12,093	19.55	—	$34,037
Jun 1996	1,480	11,193	18.73	—	$27,720
May 1996	1,909	11,305	19.43	—	$37,092
Apr 1996	1,626	8,771	21.51	—	$34,975
Mar 1996	389	6,783	19.38	—	$7,539
Feb 1996	394	6,704	16.98	—	$6,690
Jan 1996	319	6,662	17.07	—	$5,445
Dec 1995	393	6,693	17.19	—	$6,756
Nov 1995	442	7,707	16.00	—	$7,072
Oct 1995	405	7,947	15.43	—	$6,249
Sep 1995	394	8,278	16.18	—	$6,375
Aug 1995	367	7,876	15.92	—	$5,843
Jul 1995	436	8,968	15.24	—	$6,645
Jun 1995	341	7,457	16.41	—	$5,596
May 1995	521	7,483	17.56	—	$9,149
Apr 1995	548	7,862	17.73	—	$9,716
Mar 1995	434	7,083	16.44	—	$7,135
Feb 1995	530	6,218	16.58	—	$8,787
Jan 1995	554	8,814	15.92	—	$8,820
Dec 1994	406	8,582	15.03	—	$6,102
Nov 1994	424	9,086	15.90	—	$6,742
Oct 1994	424	8,779	15.58	—	$6,606
Sep 1994	427	8,746	15.29	—	$6,529
Aug 1994	406	9,530	16.13	—	$6,549
Jul 1994	434	8,719	17.56	—	$7,621
Jun 1994	504	9,488	17.09	—	$8,613
May 1994	385	8,112	15.88	—	$6,114
Apr 1994	447	9,445	14.14	—	$6,321
Mar 1994	497	10,910	12.46	—	$6,193
Feb 1994	475	8,722	12.50	—	$5,938
Jan 1994	478	8,689	12.66	—	$6,051
Dec 1993	488	9,204	12.33	—	$6,017
Nov 1993	550	8,772	14.49	—	$7,970
Oct 1993	551	9,486	15.85	—	$8,733
Sep 1993	579	10,347	15.03	—	$8,702
Aug 1993	529	11,736	15.66	—	$8,284
Jul 1993	743	13,900	15.46	—	$11,487
Jun 1993	698	12,874	16.79	—	$11,719
May 1993	713	14,446	17.68	—	$12,606
Apr 1993	1,085	18,262	18.05	—	$19,584
Mar 1993	358	18,991	18.14	—	$6,494
Feb 1993	708	15,183	17.90	—	$12,673
Jan 1993	727	19,291	16.93	—	$12,308

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.

Nov 2000 — as filed, then multipliedworked

Oil                1,119 bbl  × $ 32.21 =    $36,043
Casinghead gas     9,402 Mcf  × $  5.66 =    $53,197

────────────────────────────────────────────────────
Month total                                  $89,240

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/28216 is the state's own key, not one this site invented.