UNIVERSITY -AB-

Operated by PENNANT DEV. AND PROD., LLC (P-5 651797) 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 29267District 08Field 35654664Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$483 k
Jan 1993 – Sep 2010
Value, last 12 filed months
$34 k
at the published price for each month
Months reported
213
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 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.

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
OilDisposition15,749 bbl$483,411
Casinghead gasProduction21 Mcf$0
Total$483,411

21 Mcf of this lease's gas, across 21 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 32.1543, -102.7336. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.15430, -102.73354 · 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%
4 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
4,504 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
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

The one well that filed a depth was drilled to 4,504 ft.

Completions filed
Nov 1955
1 of 4 wells; 3 filed none

4 wells

42-003040973Yes
42-003040981Yes
42-003041074Yes
42-0030410824,504 ftNov 1955Yes

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 (213)

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

213 months

Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 201092071.124.24$6,543
Apr 2010177081.694.12$14,459
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009180074.593.75$13,426
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 2009176061.133.46$10,759
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009171032.814.63$5,611
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081660101.767.88$16,892
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 20081690123.1711.57$20,816
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 2008142090.388.21$12,834
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 2007185082.856.92$15,327
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 2007165062.007.55$10,230
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 2007166055.108.22$9,147
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 2006162060.085.04$9,733
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 2006163066.016.42$10,760
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 2006158060.598.93$9,573
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 2005158061.4512.08$9,709
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 2005172052.337.38$9,001
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 2005172050.377.15$8,664
Feb 20050045.226.31$0
Jan 2005178043.166.32$7,682
Dec 2004166039.866.75$6,617
Nov 2004162045.286.33$7,335
Oct 20040049.706.52$0
Sep 2004169043.245.28$7,308
Aug 20040042.375.55$0
Jul 2004170038.286.08$6,508
Jun 20040036.106.43$0
May 2004166037.486.49$6,222
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 2004168032.455.51$5,452
Jan 2004172032.036.30$5,509
Dec 20030030.266.30$0
Nov 2003164028.804.60$4,723
Oct 20030028.174.76$0
Sep 2003173026.314.75$4,552
Aug 20030029.765.13$0
Jul 2003170029.415.17$5,000
Jun 2003159028.565.98$4,541
May 2003160026.595.97$4,254
Apr 20030026.675.41$0
Mar 2003162031.146.10$5,045
Feb 2003165033.487.93$5,524
Jan 2003174030.315.58$5,274
Dec 2002163026.914.85$4,386
Nov 2002184024.664.14$4,537
Oct 2002159026.464.23$4,207
Sep 20020027.443.64$0
Aug 2002177025.963.16$4,595
Jul 2002188024.583.06$4,621
Jun 2002171023.733.34$4,058
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002183022.003.10$4,026
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 2001175016.932.36$2,963
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001174024.262.25$4,221
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 2001150027.755.77$4,163
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000167031.235.15$5,215
Sep 2000167031.875.19$5,322
Aug 2000163029.644.54$4,831
Jul 2000167028.534.09$4,765
Jun 20000029.304.40$0
May 2000177027.263.68$4,825
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 2000152027.622.73$4,198
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 1999167023.192.43$3,873
Oct 19990020.982.80$0
Sep 1999170021.752.62$3,698
Aug 19990019.262.88$0
Jul 1999177017.892.37$3,167
Jun 19990015.942.36$0
May 1999186015.792.32$2,937
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999169010.381.90$1,754
Dec 1998009.201.77$0
Nov 1998163010.892.19$1,775
Oct 1998152012.421.97$1,888
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 1998168011.242.24$1,888
May 19980012.622.21$0
Apr 1998177013.042.51$2,308
Mar 1998155012.802.31$1,984
Feb 19980013.952.30$0
Jan 1998170014.702.15$2,499
Dec 19970016.322.41$0
Nov 1997165018.193.09$3,001
Oct 1997160019.253.15$3,080
Sep 19970017.742.95$0
Aug 1997137017.862.55$2,447
Jul 19970017.582.25$0
Jun 1997144017.242.26$2,483
May 1997170018.972.31$3,225
Apr 19970017.882.08$0
Mar 1997158018.951.94$2,994
Feb 1997169020.492.21$3,463
Jan 1997154023.483.54$3,616
Dec 19960023.32$0
Nov 19960021.97$0
Oct 1996171023.31$3,986
Sep 19960022.22$0
Aug 1996159020.26$3,221
Jul 19960019.55$0
Jun 1996152018.73$2,847
May 19960019.43$0
Apr 1996152021.51$3,270
Mar 1996176019.38$3,411
Feb 19960016.98$0
Jan 1996166017.07$2,834
Dec 1995178017.19$3,060
Nov 1995116016.00$1,856
Oct 1995165015.43$2,546
Sep 19950016.18$0
Aug 1995167015.92$2,659
Jul 19950015.24$0
Jun 1995150016.41$2,462
May 19950017.56$0
Apr 1995164017.73$2,908
Mar 1995173016.44$2,844
Feb 1995171016.58$2,835
Jan 19950015.92$0
Dec 1994166015.03$2,495
Nov 1994170015.90$2,703
Oct 1994167015.58$2,602
Sep 1994166115.29$2,538
Aug 1994176116.13$2,839
Jul 19940117.56$0
Jun 19940117.09$0
May 19940115.88$0
Apr 19940114.14$0
Mar 19940112.46$0
Feb 1994145112.50$1,813
Jan 19940112.66$0
Dec 1993164112.33$2,022
Nov 19930114.49$0
Oct 1993172115.85$2,726
Sep 1993176115.03$2,645
Aug 19930115.66$0
Jul 1993168115.46$2,597
Jun 19930116.79$0
May 1993175117.68$3,094
Apr 19930118.05$0
Mar 1993182118.14$3,301
Feb 1993182117.90$3,258
Jan 19930116.93$0

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                   92 bbl  × $ 71.12 =     $6,543
Casinghead gas         0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                   $6,543

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/29267 is the state's own key, not one this site invented.