ATLANTIC UNIVERSITY

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

Operated by WAGNER & BROWN, LTD. (P-5 891075) in the MARTIN (WICHITA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31968District 08Field 57774747Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$596 k

Jan 1993 – Mar 2001

Value, last 12 filed months

$78 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The MARTIN (WICHITA) 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 26 leases and 69 wells, and the rule below applies to all of them.

Discovered

1945-12-31

as the register files it

Field class

Oil

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 TO MARTIN (CONSOLIDATED)”

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	25,093 bbl	$457,536
Casinghead gas	Production	111,318 Mcf	$138,696
Total			$596,232

58,886 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 32.1591, -102.7693. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15905, -102.76932 · 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

9,319 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 9,319 ft.

Completions filed

Dec 2007

1 of 1 wells

1 well


42-00330043	1	9,319 ft	Dec 2007	—	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 (99)

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

99 months


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	159	0	26.88	9.12	$4,274
Nov 2000	341	790	32.21	5.66	$15,453
Oct 2000	167	1,150	31.23	5.15	$11,133
Sep 2000	180	1,072	31.87	5.19	$11,297
Aug 2000	343	1,693	29.64	4.54	$17,854
Jul 2000	0	48	28.53	4.09	$196
Jun 2000	182	155	29.30	4.40	$6,014
May 2000	174	334	27.26	3.68	$5,972
Apr 2000	173	502	24.51	3.12	$5,804
Mar 2000	170	1,254	28.42	2.86	$8,418
Feb 2000	341	1,169	27.62	2.73	$12,606
Jan 2000	356	1,536	25.27	2.48	$12,806
Dec 1999	333	1,121	24.28	2.42	$10,802
Nov 1999	336	1,284	23.19	2.43	$10,917
Oct 1999	185	1,149	20.98	2.80	$7,103
Sep 1999	178	1,397	21.75	2.62	$7,530
Aug 1999	347	1,323	19.26	2.88	$10,488
Jul 1999	176	1,189	17.89	2.37	$5,969
Jun 1999	164	450	15.94	2.36	$3,677
May 1999	150	701	15.79	2.32	$3,996
Apr 1999	171	973	15.10	2.21	$4,731
Mar 1999	360	1,053	12.47	1.84	$6,425
Feb 1999	164	1,233	9.98	1.82	$3,878
Jan 1999	174	644	10.38	1.90	$3,030
Dec 1998	174	1,281	9.20	1.77	$3,872
Nov 1998	348	863	10.89	2.19	$5,676
Oct 1998	174	1,101	12.42	1.97	$4,329
Sep 1998	184	1,155	12.59	2.08	$4,722
Aug 1998	356	1,475	11.30	1.91	$6,836
Jul 1998	174	841	11.74	2.24	$3,924
Jun 1998	350	1,698	11.24	2.24	$7,733
May 1998	174	686	12.62	2.21	$3,709
Apr 1998	172	1,168	13.04	2.51	$5,169
Mar 1998	363	1,252	12.80	2.31	$7,538
Feb 1998	186	1,451	13.95	2.30	$5,931
Jan 1998	181	1,158	14.70	2.15	$5,156
Dec 1997	340	1,589	16.32	2.41	$9,380
Nov 1997	333	1,323	18.19	3.09	$10,143
Oct 1997	164	593	19.25	3.15	$5,025
Sep 1997	167	1,330	17.74	2.95	$6,893
Aug 1997	174	1,082	17.86	2.55	$5,872
Jul 1997	177	1,487	17.58	2.25	$6,453
Jun 1997	341	1,611	17.24	2.26	$9,515
May 1997	0	1,050	18.97	2.31	$2,424
Apr 1997	165	929	17.88	2.08	$4,885
Mar 1997	513	1,760	18.95	1.94	$13,134
Feb 1997	342	1,634	20.49	2.21	$10,612
Jan 1997	335	1,695	23.48	3.54	$13,866
Dec 1996	507	1,317	23.32	—	$11,823
Nov 1996	170	1,748	21.97	—	$3,735
Oct 1996	516	2,124	23.31	—	$12,028
Sep 1996	338	1,354	22.22	—	$7,510
Aug 1996	497	1,825	20.26	—	$10,069
Jul 1996	325	1,724	19.55	—	$6,354
Jun 1996	502	1,704	18.73	—	$9,402
May 1996	496	1,693	19.43	—	$9,637
Apr 1996	323	1,490	21.51	—	$6,948
Mar 1996	507	2,083	19.38	—	$9,826
Feb 1996	165	830	16.98	—	$2,802
Jan 1996	165	125	17.07	—	$2,817
Dec 1995	171	144	17.19	—	$2,939
Nov 1995	0	273	16.00	—	$0
Oct 1995	350	1,357	15.43	—	$5,401
Sep 1995	169	321	16.18	—	$2,734
Aug 1995	324	475	15.92	—	$5,158
Jul 1995	167	1,031	15.24	—	$2,545
Jun 1995	172	1,404	16.41	—	$2,823
May 1995	162	737	17.56	—	$2,845
Apr 1995	330	725	17.73	—	$5,851
Mar 1995	170	991	16.44	—	$2,795
Feb 1995	343	1,084	16.58	—	$5,687
Jan 1995	341	1,935	15.92	—	$5,429
Dec 1994	337	1,431	15.03	—	$5,065
Nov 1994	167	1,237	15.90	—	$2,655
Oct 1994	501	1,826	15.58	—	$7,806
Sep 1994	350	1,980	15.29	—	$5,352
Aug 1994	326	1,582	16.13	—	$5,258
Jul 1994	169	748	17.56	—	$2,968
Jun 1994	179	1,146	17.09	—	$3,059
May 1994	491	1,183	15.88	—	$7,797
Apr 1994	337	1,731	14.14	—	$4,765
Mar 1994	489	2,009	12.46	—	$6,093
Feb 1994	168	1,001	12.50	—	$2,100
Jan 1994	170	402	12.66	—	$2,152
Dec 1993	0	467	12.33	—	$0
Nov 1993	165	531	14.49	—	$2,391
Oct 1993	166	1,101	15.85	—	$2,631
Sep 1993	170	616	15.03	—	$2,555
Aug 1993	336	92	15.66	—	$5,262
Jul 1993	0	110	15.46	—	$0
Jun 1993	330	403	16.79	—	$5,541
May 1993	153	1,431	17.68	—	$2,705
Apr 1993	334	2,285	18.05	—	$6,029
Mar 1993	657	2,356	18.14	—	$11,918
Feb 1993	353	2,580	17.90	—	$6,319
Jan 1993	324	2,144	16.93	—	$5,485

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.

Dec 2000 — as filed, then multipliedworked

Oil                  159 bbl  × $ 26.88 =     $4,274
Casinghead gas         0 Mcf  × $  9.12 =         $0

────────────────────────────────────────────────────
Month total                                   $4,274

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/31968 is the state's own key, not one this site invented.