UNIVERSITY -38-

Name: UNIVERSITY -38- 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 28351District 08Field 09358450Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$536 k

Jan 1993 – Nov 2005

Value, last 12 filed months

$22 k

at the published price for each month

Months reported

155

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	12,476 bbl	$238,601
Casinghead gas	Production	216,836 Mcf	$297,301
Total			$535,902

130,385 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 31.4419, -102.4215. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.44186, -102.42146 · 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

0.0%

0 of 1 wells

Median depth

9,000 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

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

The one well that filed a depth was drilled to 9,000 ft.

Completions filed

Sep 1968

1 of 1 wells

1 well


42-10311214	1	9,000 ft	Sep 1968	—	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 (155)

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

155 months


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	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	2,466	50.37	7.15	$17,644
Feb 2005	0	186	45.22	6.31	$1,174
Jan 2005	0	214	43.16	6.32	$1,353
Dec 2004	0	200	39.86	6.75	$1,350
Nov 2004	0	197	45.28	6.33	$1,247
Oct 2004	0	201	49.70	6.52	$1,310
Sep 2004	0	229	43.24	5.28	$1,210
Aug 2004	0	205	42.37	5.55	$1,138
Jul 2004	0	874	38.28	6.08	$5,318
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	1	1,035	34.36	5.53	$5,758
Feb 2004	107	877	32.45	5.51	$8,304
Jan 2004	63	0	32.03	6.30	$2,018
Dec 2003	42	0	30.26	6.30	$1,271
Nov 2003	39	0	28.80	4.60	$1,123
Oct 2003	58	816	28.17	4.76	$5,518
Sep 2003	50	0	26.31	4.75	$1,316
Aug 2003	53	0	29.76	5.13	$1,577
Jul 2003	28	0	29.41	5.17	$823
Jun 2003	35	0	28.56	5.98	$1,000
May 2003	29	0	26.59	5.97	$771
Apr 2003	49	0	26.67	5.41	$1,307
Mar 2003	29	0	31.14	6.10	$903
Feb 2003	26	0	33.48	7.93	$870
Jan 2003	29	0	30.31	5.58	$879
Dec 2002	15	0	26.91	4.85	$404
Nov 2002	16	0	24.66	4.14	$395
Oct 2002	16	0	26.46	4.23	$423
Sep 2002	28	0	27.44	3.64	$768
Aug 2002	33	0	25.96	3.16	$857
Jul 2002	39	0	24.58	3.06	$959
Jun 2002	50	0	23.73	3.34	$1,187
May 2002	35	0	24.66	3.58	$863
Apr 2002	86	0	23.65	3.51	$2,034
Mar 2002	72	0	22.00	3.10	$1,584
Feb 2002	76	55	18.22	2.38	$1,515
Jan 2002	63	315	17.17	2.38	$1,830
Dec 2001	93	483	16.93	2.36	$2,717
Nov 2001	64	668	18.07	2.41	$2,763
Oct 2001	88	647	19.78	2.53	$3,377
Sep 2001	59	612	24.26	2.25	$2,809
Aug 2001	61	1,377	24.87	3.05	$5,721
Jul 2001	70	1,450	23.93	3.20	$6,311
Jun 2001	38	1,519	24.56	3.82	$6,742
May 2001	82	1,731	25.52	4.31	$9,549
Apr 2001	77	1,580	24.68	5.34	$10,330
Mar 2001	82	2,542	24.54	5.38	$15,679
Feb 2001	74	1,937	27.75	5.77	$13,224
Jan 2001	84	2,066	27.47	8.40	$19,659
Dec 2000	85	706	26.88	9.12	$8,725
Nov 2000	56	523	32.21	5.66	$4,763
Oct 2000	52	642	31.23	5.15	$4,927
Sep 2000	47	887	31.87	5.19	$6,098
Aug 2000	58	1,272	29.64	4.54	$7,495
Jul 2000	75	1,620	28.53	4.09	$8,765
Jun 2000	97	1,604	29.30	4.40	$9,895
May 2000	87	1,202	27.26	3.68	$6,795
Apr 2000	47	848	24.51	3.12	$3,794
Mar 2000	71	919	28.42	2.86	$4,646
Feb 2000	69	1,100	27.62	2.73	$4,905
Jan 2000	70	713	25.27	2.48	$3,538
Dec 1999	76	1,657	24.28	2.42	$5,861
Nov 1999	76	945	23.19	2.43	$4,063
Oct 1999	77	855	20.98	2.80	$4,013
Sep 1999	55	939	21.75	2.62	$3,655
Aug 1999	53	1,114	19.26	2.88	$4,224
Jul 1999	68	1,078	17.89	2.37	$3,774
Jun 1999	67	848	15.94	2.36	$3,071
May 1999	59	1,622	15.79	2.32	$4,696
Apr 1999	35	4,544	15.10	2.21	$10,562
Mar 1999	41	1,017	12.47	1.84	$2,381
Feb 1999	63	1,206	9.98	1.82	$2,821
Jan 1999	55	782	10.38	1.90	$2,057
Dec 1998	66	563	9.20	1.77	$1,606
Nov 1998	131	722	10.89	2.19	$3,005
Oct 1998	87	795	12.42	1.97	$2,646
Sep 1998	84	901	12.59	2.08	$2,934
Aug 1998	79	1,490	11.30	1.91	$3,735
Jul 1998	66	797	11.74	2.24	$2,558
Jun 1998	72	1,185	11.24	2.24	$3,460
May 1998	81	1,141	12.62	2.21	$3,540
Apr 1998	74	1,402	13.04	2.51	$4,477
Mar 1998	97	1,524	12.80	2.31	$4,761
Feb 1998	90	1,234	13.95	2.30	$4,093
Jan 1998	162	1,721	14.70	2.15	$6,090
Dec 1997	187	2,528	16.32	2.41	$9,147
Nov 1997	102	2,570	18.19	3.09	$9,792
Oct 1997	113	1,511	19.25	3.15	$6,935
Sep 1997	71	1,398	17.74	2.95	$5,390
Aug 1997	132	1,470	17.86	2.55	$6,113
Jul 1997	124	1,428	17.58	2.25	$5,389
Jun 1997	123	1,391	17.24	2.26	$5,260
May 1997	134	1,556	18.97	2.31	$6,134
Apr 1997	121	1,252	17.88	2.08	$4,771
Mar 1997	162	1,009	18.95	1.94	$5,026
Feb 1997	141	1,164	20.49	2.21	$5,457
Jan 1997	289	2,574	23.48	3.54	$15,897
Dec 1996	203	1,770	23.32	—	$4,734
Nov 1996	127	1,421	21.97	—	$2,790
Oct 1996	112	1,433	23.31	—	$2,611
Sep 1996	132	1,740	22.22	—	$2,933
Aug 1996	177	1,958	20.26	—	$3,586
Jul 1996	130	1,903	19.55	—	$2,542
Jun 1996	200	1,195	18.73	—	$3,746
May 1996	141	1,496	19.43	—	$2,740
Apr 1996	107	2,551	21.51	—	$2,302
Mar 1996	153	1,270	19.38	—	$2,965
Feb 1996	101	2,029	16.98	—	$1,715
Jan 1996	76	2,769	17.07	—	$1,297
Dec 1995	76	1,713	17.19	—	$1,306
Nov 1995	123	2,364	16.00	—	$1,968
Oct 1995	107	2,093	15.43	—	$1,651
Sep 1995	90	1,606	16.18	—	$1,456
Aug 1995	54	1,099	15.92	—	$860
Jul 1995	77	43	15.24	—	$1,173
Jun 1995	96	1,002	16.41	—	$1,575
May 1995	93	1,529	17.56	—	$1,633
Apr 1995	95	1,394	17.73	—	$1,684
Mar 1995	45	1,710	16.44	—	$740
Feb 1995	96	1,312	16.58	—	$1,592
Jan 1995	142	1,108	15.92	—	$2,261
Dec 1994	121	2,249	15.03	—	$1,819
Nov 1994	138	2,377	15.90	—	$2,194
Oct 1994	157	2,723	15.58	—	$2,446
Sep 1994	124	2,514	15.29	—	$1,896
Aug 1994	125	2,114	16.13	—	$2,016
Jul 1994	133	3,396	17.56	—	$2,335
Jun 1994	98	5,173	17.09	—	$1,675
May 1994	160	7,097	15.88	—	$2,541
Apr 1994	102	621	14.14	—	$1,442
Mar 1994	52	14,958	12.46	—	$648
Feb 1994	68	10,349	12.50	—	$850
Jan 1994	94	1,965	12.66	—	$1,190
Dec 1993	138	2,984	12.33	—	$1,702
Nov 1993	155	3,276	14.49	—	$2,246
Oct 1993	189	2,682	15.85	—	$2,996
Sep 1993	166	3,255	15.03	—	$2,495
Aug 1993	129	3,554	15.66	—	$2,020
Jul 1993	164	3,029	15.46	—	$2,535
Jun 1993	133	2,843	16.79	—	$2,233
May 1993	162	3,087	17.68	—	$2,864
Apr 1993	164	2,119	18.05	—	$2,960
Mar 1993	171	2,868	18.14	—	$3,102
Feb 1993	213	3,221	17.90	—	$3,813
Jan 1993	201	3,423	16.93	—	$3,403

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.

Mar 2005 — as filed, then multipliedworked

Oil                    0 bbl  × $ 50.37 =         $0
Casinghead gas     2,466 Mcf  × $  7.15 =    $17,644

────────────────────────────────────────────────────
Month total                                  $17,644

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/28351 is the state's own key, not one this site invented.