UNIVERSITY "25"

Name: UNIVERSITY "25" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LATIGO PETROLEUM TEXAS, LP (P-5 488245) in the MCFARLAND (QUEEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28992District 08Field 59419664Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$986 k

Jan 1993 – Aug 2006

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

164

no gaps in the span

Streams

oil, casinghead gas

The MCFARLAND (QUEEN) 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 36 leases and 620 wells, and the rule below applies to all of them.

Discovered

1955-05-08

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres.

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.

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	47,512 bbl	$983,932
Casinghead gas	Production	21,455 Mcf	$2,025
Total			$985,956

20,667 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 (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 32.4273, -102.4080. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.42755, -102.40810 · 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

4,998 ft

6 wells filed one

Completion to plug

21.4 years

median over 3 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 4,985 and 5,000 ft, median 4,998 ft, over the 6 wells that filed a depth.

Completions filed

May 1984 – May 1985

3 of 6 wells; 3 filed none

Plug dates filed

May 2006

6 of 6 wells

Last completion to plug: a median of 21.4 years across the 3 wells that filed both dates, with the middle half between 21.3 years and 21.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-00334401	2	4,995 ft	—	May 2006	Yes
42-00334589	3	5,000 ft	—	May 2006	Yes
42-00335166	6	5,000 ft	—	May 2006	Yes
42-00334868	5	5,000 ft	May 1985	May 2006	Yes
42-00334590	4	4,991 ft	Dec 1984	May 2006	Yes
42-00334141	1	4,985 ft	May 1984	May 2006	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 (164)

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

164 months


Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	29	0	66.28	6.38	$1,922
May 2006	0	0	66.01	6.42	$0
Apr 2006	155	0	64.39	7.36	$9,980
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
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	152	0	61.51	9.80	$9,350
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	171	0	45.22	6.65	$7,733
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	171	0	50.37	7.15	$8,613
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	174	0	43.16	6.32	$7,510
Dec 2004	169	0	39.86	6.75	$6,736
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	170	0	49.70	6.52	$8,449
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	169	0	42.37	5.55	$7,161
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	170	0	36.10	6.43	$6,137
May 2004	171	0	37.48	6.49	$6,409
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	167	0	34.36	5.53	$5,738
Feb 2004	333	0	32.45	5.51	$10,806
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	161	0	30.26	6.30	$4,872
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	175	0	28.17	4.76	$4,930
Sep 2003	169	0	26.31	4.75	$4,446
Aug 2003	340	0	29.76	5.13	$10,118
Jul 2003	168	0	29.41	5.17	$4,941
Jun 2003	312	0	28.56	5.98	$8,911
May 2003	171	0	26.59	5.97	$4,547
Apr 2003	169	0	26.67	5.41	$4,507
Mar 2003	171	0	31.14	6.10	$5,325
Feb 2003	345	0	33.48	7.93	$11,551
Jan 2003	175	0	30.31	5.58	$5,304
Dec 2002	350	0	26.91	4.85	$9,419
Nov 2002	172	0	24.66	4.14	$4,242
Oct 2002	345	0	26.46	4.23	$9,129
Sep 2002	349	0	27.44	3.64	$9,577
Aug 2002	144	0	25.96	3.16	$3,738
Jul 2002	333	0	24.58	3.06	$8,185
Jun 2002	170	0	23.73	3.34	$4,034
May 2002	332	0	24.66	3.58	$8,187
Apr 2002	342	0	23.65	3.51	$8,088
Mar 2002	339	0	22.00	3.10	$7,458
Feb 2002	336	0	18.22	2.38	$6,122
Jan 2002	335	0	17.17	2.38	$5,752
Dec 2001	330	0	16.93	2.36	$5,587
Nov 2001	493	0	18.07	2.41	$8,909
Oct 2001	315	0	19.78	2.53	$6,231
Sep 2001	345	0	24.26	2.25	$8,370
Aug 2001	347	0	24.87	3.05	$8,630
Jul 2001	334	0	23.93	3.20	$7,993
Jun 2001	169	0	24.56	3.82	$4,151
May 2001	172	0	25.52	4.31	$4,389
Apr 2001	509	0	24.68	5.34	$12,562
Mar 2001	167	0	24.54	5.38	$4,098
Feb 2001	334	0	27.75	5.77	$9,269
Jan 2001	162	0	27.47	8.40	$4,450
Dec 2000	327	0	26.88	9.12	$8,790
Nov 2000	346	0	32.21	5.66	$11,145
Oct 2000	335	0	31.23	5.15	$10,462
Sep 2000	336	0	31.87	5.19	$10,708
Aug 2000	337	0	29.64	4.54	$9,989
Jul 2000	341	0	28.53	4.09	$9,729
Jun 2000	336	0	29.30	4.40	$9,845
May 2000	495	0	27.26	3.68	$13,494
Apr 2000	341	0	24.51	3.12	$8,358
Mar 2000	334	0	28.42	2.86	$9,492
Feb 2000	333	0	27.62	2.73	$9,197
Jan 2000	500	0	25.27	2.48	$12,635
Dec 1999	331	0	24.28	2.42	$8,037
Nov 1999	339	0	23.19	2.43	$7,861
Oct 1999	483	0	20.98	2.80	$10,133
Sep 1999	479	0	21.75	2.62	$10,418
Aug 1999	658	0	19.26	2.88	$12,673
Jul 1999	498	0	17.89	2.37	$8,909
Jun 1999	506	0	15.94	2.36	$8,066
May 1999	325	0	15.79	2.32	$5,132
Apr 1999	496	0	15.10	2.21	$7,490
Mar 1999	173	0	12.47	1.84	$2,157
Feb 1999	171	0	9.98	1.82	$1,707
Jan 1999	337	0	10.38	1.90	$3,498
Dec 1998	170	0	9.20	1.77	$1,564
Nov 1998	168	0	10.89	2.19	$1,830
Oct 1998	328	0	12.42	1.97	$4,074
Sep 1998	340	0	12.59	2.08	$4,281
Aug 1998	176	0	11.30	1.91	$1,989
Jul 1998	353	0	11.74	2.24	$4,144
Jun 1998	349	0	11.24	2.24	$3,923
May 1998	181	0	12.62	2.21	$2,284
Apr 1998	363	0	13.04	2.51	$4,734
Mar 1998	360	0	12.80	2.31	$4,608
Feb 1998	185	0	13.95	2.30	$2,581
Jan 1998	358	0	14.70	2.15	$5,263
Dec 1997	358	1	16.32	2.41	$5,845
Nov 1997	178	19	18.19	3.09	$3,297
Oct 1997	376	6	19.25	3.15	$7,257
Sep 1997	178	2	17.74	2.95	$3,164
Aug 1997	353	48	17.86	2.55	$6,427
Jul 1997	352	51	17.58	2.25	$6,303
Jun 1997	359	58	17.24	2.26	$6,320
May 1997	352	78	18.97	2.31	$6,858
Apr 1997	345	98	17.88	2.08	$6,373
Mar 1997	360	98	18.95	1.94	$7,012
Feb 1997	181	126	20.49	2.21	$3,987
Jan 1997	360	203	23.48	3.54	$9,171
Dec 1996	324	218	23.32	—	$7,556
Nov 1996	357	177	21.97	—	$7,843
Oct 1996	354	93	23.31	—	$8,252
Sep 1996	352	96	22.22	—	$7,821
Aug 1996	348	103	20.26	—	$7,050
Jul 1996	347	284	19.55	—	$6,784
Jun 1996	354	248	18.73	—	$6,630
May 1996	351	163	19.43	—	$6,820
Apr 1996	352	209	21.51	—	$7,572
Mar 1996	364	211	19.38	—	$7,054
Feb 1996	359	211	16.98	—	$6,096
Jan 1996	369	253	17.07	—	$6,299
Dec 1995	342	198	17.19	—	$5,879
Nov 1995	345	215	16.00	—	$5,520
Oct 1995	347	222	15.43	—	$5,354
Sep 1995	354	209	16.18	—	$5,728
Aug 1995	497	502	15.92	—	$7,912
Jul 1995	337	777	15.24	—	$5,136
Jun 1995	340	547	16.41	—	$5,579
May 1995	353	486	17.56	—	$6,199
Apr 1995	356	532	17.73	—	$6,312
Mar 1995	527	543	16.44	—	$8,664
Feb 1995	353	517	16.58	—	$5,853
Jan 1995	357	447	15.92	—	$5,683
Dec 1994	357	478	15.03	—	$5,366
Nov 1994	483	465	15.90	—	$7,680
Oct 1994	318	446	15.58	—	$4,954
Sep 1994	485	477	15.29	—	$7,416
Aug 1994	328	561	16.13	—	$5,291
Jul 1994	482	490	17.56	—	$8,464
Jun 1994	308	671	17.09	—	$5,264
May 1994	498	554	15.88	—	$7,908
Apr 1994	317	436	14.14	—	$4,482
Mar 1994	482	433	12.46	—	$6,006
Feb 1994	464	447	12.50	—	$5,800
Jan 1994	465	526	12.66	—	$5,887
Dec 1993	321	1	12.33	—	$3,958
Nov 1993	462	566	14.49	—	$6,694
Oct 1993	649	511	15.85	—	$10,287
Sep 1993	322	895	15.03	—	$4,840
Aug 1993	484	702	15.66	—	$7,579
Jul 1993	634	681	15.46	—	$9,802
Jun 1993	324	820	16.79	—	$5,440
May 1993	319	945	17.68	—	$5,640
Apr 1993	646	635	18.05	—	$11,660
Mar 1993	325	523	18.14	—	$5,896
Feb 1993	641	489	17.90	—	$11,474
Jan 1993	638	454	16.93	—	$10,801

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.

Jun 2006 — as filed, then multipliedworked

Oil                   29 bbl  × $ 66.28 =     $1,922
Casinghead gas         0 Mcf  × $  6.38 =         $0

────────────────────────────────────────────────────
Month total                                   $1,922

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/28992 is the state's own key, not one this site invented.