UNIVERSITY -1829-

Operated by KERR-MCGEE OIL & GAS ONSHORE LP (P-5 457807) in the QUITO, EAST (CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28468District 08Field 73927345NGPA filingOilCasinghead gasSaveExport
Value, all time
$8.4 M
Jan 1993 – Aug 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
320
no gaps in the span
Streams
2
oil, casinghead gas

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 30 leases and 37 wells, and the rule below applies to all of them.

Discovered
1981-12-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1984-09-10.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED 4/1/95 PER COMPLETED AOF SURVEY

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

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.

StreamBasisVolumeValue
OilDisposition182,240 bbl$5,426,272
Casinghead gasProduction1,117,274 Mcf$2,971,879
Total$8,398,151

454,676 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 (3)

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 31.5723, -103.2774. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.57203, -103.27823 · centre of the wells drawn, derived

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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
6,850 ft
3 wells filed one
Completion to plug
26.7 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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 6,850 and 6,850 ft, median 6,850 ft, over the 3 wells that filed a depth.

Completions filed
Apr 1985 – Feb 1998
3 of 3 wells
Plug dates filed
Nov 2013 – Oct 2017
3 of 3 wells

Last completion to plug: a median of 26.7 years across the 3 wells that filed both dates, with the middle half between 21.3 years and 27.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-4753356686,850 ftFeb 1998Nov 2013Yes
42-4753255566,850 ftFeb 1991Oct 2017Yes
42-47532955106,850 ftApr 1985Nov 2013Yes

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 (320)

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

320 months

Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140395.944.81$14
Mar 20140695.895.06$30
Feb 201404097.406.19$248
Jan 201406690.404.86$321
Dec 201305491.824.35$235
Nov 20130188.853.74$4
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 201201279.822.52$30
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 2012012105.052.22$27
Feb 201200101.102.57$0
Jan 20120198.092.73$3
Dec 20110596.873.24$16
Nov 201108595.723.31$281
Oct 201103184.983.65$113
Sep 2011062683.623.99$2,495
Aug 201191083.404.15$7,589
Jul 2011025494.144.52$1,147
Jun 201113929192.904.64$14,263
May 201114270598.134.40$17,040
Apr 201165806105.964.33$10,380
Mar 2011088196.364.06$3,575
Feb 201112769885.644.18$13,794
Jan 20118598286.504.59$11,859
Dec 20104202,20685.734.35$45,598
Nov 20102942,06380.843.80$31,597
Oct 20104012,18778.103.51$38,992
Sep 20102822,46672.633.98$30,295
Aug 20102932,74373.684.42$33,711
Jul 20102801,17172.554.74$25,860
Jun 20104112,21770.364.91$39,804
May 20102462,20471.124.24$26,830
Apr 20102541,87081.694.12$28,459
Mar 20101842,13578.394.39$23,794
Feb 20101891,44773.585.44$21,782
Jan 20102051,63174.365.96$24,971
Dec 20092081,70071.445.48$24,182
Nov 20092121,81774.593.75$22,630
Oct 20092211,80772.544.11$23,459
Sep 20092681,78265.543.06$23,026
Aug 20092431,70767.423.22$21,877
Jul 20092391,59661.133.46$20,139
Jun 20092461,80466.163.90$23,302
May 20092601,87354.743.93$21,585
Apr 20092261,56346.773.59$16,177
Mar 20092111,60542.144.06$15,406
Feb 20092161,50232.814.63$14,046
Jan 20092821,85435.865.37$20,070
Dec 20082521,92637.105.98$20,861
Nov 20082462,07555.496.86$27,886
Oct 20082442,07975.246.92$32,749
Sep 20082832,057101.767.88$45,001
Aug 20082882,163114.228.48$51,244
Jul 20081862,163131.0811.39$49,016
Jun 20082912,440131.3313.03$70,017
May 20083422,521123.1711.57$71,303
Apr 20085562,933110.3110.45$91,996
Mar 20086363,643101.909.66$100,015
Feb 20087043,82692.538.77$98,697
Jan 20081,0214,60790.388.21$130,082
Dec 20071,2684,64588.337.30$145,920
Nov 20076583,36091.677.29$84,819
Oct 20078033,96082.856.92$93,940
Sep 20077502,99275.846.24$75,563
Aug 20074892,28269.066.39$48,348
Jul 20074632,59770.906.39$49,416
Jun 20074018562.007.55$3,876
May 20073281,40558.747.85$30,291
Apr 20076843,01859.617.81$64,329
Mar 20079353,96856.927.30$82,194
Feb 20078982,85055.108.22$72,895
Jan 20071,0973,99350.306.73$82,039
Dec 20061,0914,16556.656.92$90,620
Nov 20061,0454,40754.207.62$90,209
Oct 20061,1014,60854.906.01$88,156
Sep 20069484,31860.085.04$78,706
Aug 20069945,07168.717.34$105,518
Jul 20067374,44169.376.34$79,294
Jun 20063173,80566.286.38$45,301
May 20062633,55466.016.42$40,195
Apr 20064704,40764.397.36$62,701
Mar 20067485,08656.707.08$78,435
Feb 20067754,15857.597.75$76,861
Jan 20066964,59660.598.93$83,228
Dec 20055682,49254.9413.42$64,637
Nov 20056002,55954.6910.59$59,910
Oct 20052531,07758.3413.80$29,618
Sep 20055521,79461.4512.08$55,590
Aug 20058653,03661.519.80$82,949
Jul 20056343,46755.697.84$62,501
Jun 20058234,12252.337.38$73,492
May 20056974,61045.226.65$62,180
Apr 20057354,50349.207.36$69,306
Mar 20059094,90750.377.15$80,895
Feb 20059124,18945.226.31$67,681
Jan 20051,0334,33943.166.32$72,016
Dec 20049034,15339.866.75$64,031
Nov 200489029445.286.33$42,160
Oct 20047403,56649.706.52$60,011
Sep 20045652,83843.245.28$39,426
Aug 20046513,44842.375.55$46,722
Jul 20045903,14638.286.08$41,726
Jun 20047173,57836.106.43$48,901
May 20047683,48637.486.49$51,425
Apr 20047613,27334.475.86$45,406
Mar 20048753,55334.365.53$49,714
Feb 20048053,45132.455.51$45,136
Jan 20048873,56532.036.30$50,869
Dec 20038263,55130.266.30$47,372
Nov 20039973,69928.804.60$45,711
Oct 20039443,68828.174.76$44,146
Sep 20038933,50726.314.75$40,151
Aug 20038753,75629.765.13$45,307
Jul 20038963,86029.415.17$46,311
Jun 20038233,92828.565.98$47,006
May 20038533,83226.595.97$45,569
Apr 20038003,76426.675.41$41,689
Mar 20039553,99231.146.10$54,074
Feb 20036753,60033.487.93$51,132
Jan 20037874,07030.315.58$46,573
Dec 20028764,36726.914.85$44,770
Nov 20028884,37024.664.14$39,977
Oct 20029514,62026.464.23$44,702
Sep 20027804,19727.443.64$36,660
Aug 20026684,00225.963.16$30,004
Jul 20028124,50624.583.06$33,755
Jun 20027774,60023.733.34$33,794
May 20029774,06424.663.58$38,658
Apr 20027403,98723.653.51$31,505
Mar 20029664,61622.003.10$35,574
Feb 20021,2304,17818.222.38$32,336
Jan 20021,3494,83117.172.38$34,639
Dec 20011,3173,92416.932.36$31,575
Nov 20019703,06618.072.41$24,903
Oct 20011,0592,96919.782.53$28,455
Sep 20015292,91224.262.25$19,389
Aug 20016842,69924.873.05$25,252
Jul 20013721,59723.933.20$14,008
Jun 20014942,46924.563.82$21,574
May 20016812,57725.524.31$28,479
Apr 20017652,59024.685.34$32,699
Mar 20015921,84024.545.38$24,420
Feb 20013272,56327.755.77$23,855
Jan 20014602,27827.478.40$31,769
Dec 20005322,01526.889.12$32,682
Nov 20004352,18332.215.66$26,363
Oct 20004032,23131.235.15$24,065
Sep 20005152,47031.875.19$29,224
Aug 20005152,37729.644.54$26,058
Jul 20004623,09328.534.09$25,830
Jun 20004082,47729.304.40$22,846
May 20003862,31527.263.68$19,041
Apr 20004972,68924.513.12$20,560
Mar 20005573,16028.422.86$24,867
Feb 20006984,05027.622.73$30,321
Jan 20008944,47625.272.48$33,694
Dec 19995663,93524.282.42$23,280
Nov 19994852,26923.192.43$16,770
Oct 19995392,30820.982.80$17,779
Sep 19996183,46721.752.62$22,521
Aug 19998394,51619.262.88$29,145
Jul 19998865,11717.892.37$27,990
Jun 19996085,05515.942.36$21,632
May 19998616,61415.792.32$28,946
Apr 19991,0957,39115.102.21$32,854
Mar 19991,2644,90312.471.84$24,775
Feb 19991,0223,5379.981.82$16,629
Jan 19991,1965,38410.381.90$22,644
Dec 19981,1905,8149.201.77$21,258
Nov 19981,1436,99410.892.19$27,734
Oct 19981,1247,32612.421.97$28,387
Sep 19981,0877,94512.592.08$30,232
Aug 19981,2499,59011.301.91$32,405
Jul 19981,25611,08011.742.24$39,534
Jun 19981,26412,56011.242.24$42,307
May 19981,15416,31312.622.21$50,556
Apr 19981,16415,79513.042.51$54,750
Mar 19981,25228,67912.802.31$82,258
Feb 199887813,69213.952.30$43,728
Jan 19981,0564,62014.702.15$25,478
Dec 19975673,02716.322.41$16,552
Nov 19971,1334,11418.193.09$33,314
Oct 19979644,95519.253.15$34,164
Sep 19971,0514,92517.742.95$33,198
Aug 19971,0174,67117.862.55$30,097
Jul 19976834,49417.582.25$22,105
Jun 19978855,16117.242.26$26,907
May 19979304,99118.972.31$29,164
Apr 19978214,59517.882.08$24,250
Mar 19977033,97718.951.94$21,034
Feb 19977784,38020.492.21$25,603
Jan 19979585,54023.483.54$42,104
Dec 19961393,73523.32$3,241
Nov 19969274,92021.97$20,366
Oct 19969984,62623.31$23,263
Sep 19967255,02922.22$16,110
Aug 19961,1117,10620.26$22,509
Jul 19961,0176,05619.55$19,882
Jun 19969265,85118.73$17,344
May 19964836,15119.43$9,385
Apr 19961,1576,30221.51$24,887
Mar 19961,2926,65019.38$25,039
Feb 19961,1406,16316.98$19,357
Jan 19961,3476,50217.07$22,993
Dec 19951,3158,38617.19$22,605
Nov 19951,2098,64416.00$19,344
Oct 19951,3817,41315.43$21,309
Sep 19951,3059,20116.18$21,115
Aug 19951,2298,13615.92$19,566
Jul 19951,3078,67915.24$19,919
Jun 19951,1587,85416.41$19,003
May 19951,2877,77117.56$22,600
Apr 19951,3577,90817.73$24,060
Mar 19951,3348,37216.44$21,931
Feb 19951,0958,03816.58$18,155
Jan 19959368,89815.92$14,901
Dec 19941,2768,53315.03$19,178
Nov 19941,3978,78815.90$22,212
Oct 19941,3879,29815.58$21,609
Sep 19941,40610,03715.29$21,498
Aug 19941,55311,58516.13$25,050
Jul 19941,53211,20317.56$26,902
Jun 19941,48610,93017.09$25,396
May 19941,62411,59715.88$25,789
Apr 19941,37511,77614.14$19,443
Mar 19941,64111,29812.46$20,447
Feb 19941,27011,53612.50$15,875
Jan 19941,24413,12512.66$15,749
Dec 19931,55212,15712.33$19,136
Nov 19931,62412,28714.49$23,532
Oct 19931,91713,58015.85$30,384
Sep 19931,80511,69115.03$27,129
Aug 19932,15914,62015.66$33,810
Jul 19932,07514,03115.46$32,080
Jun 19932,19014,52416.79$36,770
May 19932,48516,82217.68$43,935
Apr 19931,21310,62218.05$21,895
Mar 19931,47912,23818.14$26,829
Feb 19931,40610,85517.90$25,167
Jan 19931,47313,15216.93$24,938

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.

Apr 2014 — as filed, then multipliedworked
Oil                    0 bbl  × $ 95.94 =         $0
Casinghead gas         3 Mcf  × $  4.81 =        $14

────────────────────────────────────────────────────
Month total                                      $14

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/28468 is the state's own key, not one this site invented.