UNIVERSITY -JB-

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

Operated by BC OPERATING, INC. (P-5 58893) in the UNIVERSITY BLOCK 9 (PENN.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32576District 08Field 92534500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$1.5 M

Jan 1993 – Sep 2016

Value, last 12 filed months

at the published price for each month

Months reported

285

no gaps in the span

Streams

oil, casinghead gas

The UNIVERSITY BLOCK 9 (PENN.) 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 32 leases and 125 wells, and the rule below applies to all of them.

Discovered

1954-07-30

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 80 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	1	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	54,140 bbl	$1,281,507
Casinghead gas	Production	159,470 Mcf	$265,884
Total			$1,547,390

81,981 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 32.2330, -102.5514. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.23345, -102.55145 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

9,913 ft

3 wells filed one

Completion to plug

21.3 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 9,870 and 9,916 ft, median 9,913 ft, over the 3 wells that filed a depth.

Completions filed

Feb 1991 – Jun 2009

3 of 3 wells

Plug dates filed

Sep 2015 – Sep 2016

3 of 3 wells

Last completion to plug: a median of 21.3 years across the 3 wells that filed both dates, with the middle half between 14.3 years and 23.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-00337023	3	9,916 ft	Jun 2009	Sep 2016	Yes
42-00336590	2	9,870 ft	Jun 1994	Sep 2015	Yes
42-00335377	1	9,913 ft	Feb 1991	Sep 2016	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 (285)

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

285 months


Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	1	0	46.77	3.59	$47
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	1	0	32.81	4.63	$33
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	6	0	37.10	5.98	$223
Nov 2008	12	0	55.49	6.86	$666
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	27	82	101.76	7.88	$3,393
Aug 2008	5	34	114.22	8.48	$860
Jul 2008	10	16	131.08	11.39	$1,493
Jun 2008	0	26	131.33	13.03	$339
May 2008	20	18	123.17	11.57	$2,672
Apr 2008	39	12	110.31	10.45	$4,428
Mar 2008	58	37	101.90	9.66	$6,268
Feb 2008	52	46	92.53	8.77	$5,215
Jan 2008	66	53	90.38	8.21	$6,400
Dec 2007	77	46	88.33	7.30	$7,137
Nov 2007	84	58	91.67	7.29	$8,123
Oct 2007	94	81	82.85	6.92	$8,349
Sep 2007	284	137	75.84	6.24	$22,394
Aug 2007	166	167	69.06	6.39	$12,531
Jul 2007	0	57	70.90	6.39	$364
Jun 2007	67	2	62.00	7.55	$4,169
May 2007	107	6	58.74	7.85	$6,332
Apr 2007	202	23	59.61	7.81	$12,221
Mar 2007	171	76	56.92	7.30	$10,288
Feb 2007	0	69	55.10	8.22	$567
Jan 2007	222	113	50.30	6.73	$11,927
Dec 2006	91	139	56.65	6.92	$6,117
Nov 2006	177	94	54.20	7.62	$10,309
Oct 2006	201	171	54.90	6.01	$12,063
Sep 2006	104	205	60.08	5.04	$7,281
Aug 2006	296	170	68.71	7.34	$21,586
Jul 2006	191	114	69.37	6.34	$13,973
Jun 2006	82	65	66.28	6.38	$5,850
May 2006	86	46	66.01	6.42	$5,972
Apr 2006	89	51	64.39	7.36	$6,106
Mar 2006	80	66	56.70	7.08	$5,003
Feb 2006	99	26	57.59	7.75	$5,903
Jan 2006	97	33	60.59	8.93	$6,172
Dec 2005	0	57	54.94	13.42	$765
Nov 2005	188	40	54.69	10.59	$10,705
Oct 2005	0	54	58.34	13.80	$745
Sep 2005	109	96	61.45	12.08	$7,858
Aug 2005	109	148	61.51	9.80	$8,155
Jul 2005	128	236	55.69	7.84	$8,979
Jun 2005	286	149	52.33	7.38	$16,066
May 2005	128	208	45.22	6.65	$7,172
Apr 2005	228	225	49.20	7.36	$12,874
Mar 2005	323	196	50.37	7.15	$17,672
Feb 2005	107	135	45.22	6.31	$5,691
Jan 2005	299	164	43.16	6.32	$13,942
Dec 2004	190	177	39.86	6.75	$8,768
Nov 2004	187	183	45.28	6.33	$9,626
Oct 2004	0	188	49.70	6.52	$1,225
Sep 2004	101	206	43.24	5.28	$5,456
Aug 2004	201	263	42.37	5.55	$9,976
Jul 2004	182	272	38.28	6.08	$8,622
Jun 2004	206	257	36.10	6.43	$9,090
May 2004	232	184	37.48	6.49	$9,890
Apr 2004	120	233	34.47	5.86	$5,501
Mar 2004	100	108	34.36	5.53	$4,033
Feb 2004	140	215	32.45	5.51	$5,728
Jan 2004	219	636	32.03	6.30	$11,021
Dec 2003	271	293	30.26	6.30	$10,047
Nov 2003	256	277	28.80	4.60	$8,646
Oct 2003	201	451	28.17	4.76	$7,809
Sep 2003	227	564	26.31	4.75	$8,651
Aug 2003	238	668	29.76	5.13	$10,510
Jul 2003	230	914	29.41	5.17	$11,490
Jun 2003	116	585	28.56	5.98	$6,813
May 2003	190	573	26.59	5.97	$8,474
Apr 2003	181	641	26.67	5.41	$8,293
Mar 2003	200	487	31.14	6.10	$9,197
Feb 2003	186	440	33.48	7.93	$9,715
Jan 2003	166	601	30.31	5.58	$8,386
Dec 2002	292	904	26.91	4.85	$12,246
Nov 2002	267	839	24.66	4.14	$10,055
Oct 2002	244	687	26.46	4.23	$9,362
Sep 2002	176	705	27.44	3.64	$7,392
Aug 2002	305	868	25.96	3.16	$10,664
Jul 2002	203	859	24.58	3.06	$7,620
Jun 2002	326	717	23.73	3.34	$10,130
May 2002	190	517	24.66	3.58	$6,538
Apr 2002	203	818	23.65	3.51	$7,674
Mar 2002	302	776	22.00	3.10	$9,052
Feb 2002	333	739	18.22	2.38	$7,823
Jan 2002	329	825	17.17	2.38	$7,609
Dec 2001	355	803	16.93	2.36	$7,909
Nov 2001	304	802	18.07	2.41	$7,423
Oct 2001	324	815	19.78	2.53	$8,470
Sep 2001	219	721	24.26	2.25	$6,936
Aug 2001	238	751	24.87	3.05	$8,212
Jul 2001	203	564	23.93	3.20	$6,661
Jun 2001	278	664	24.56	3.82	$9,367
May 2001	244	607	25.52	4.31	$8,841
Apr 2001	295	548	24.68	5.34	$10,204
Mar 2001	500	679	24.54	5.38	$15,921
Feb 2001	216	373	27.75	5.77	$8,145
Jan 2001	177	210	27.47	8.40	$6,626
Dec 2000	360	454	26.88	9.12	$13,818
Nov 2000	121	580	32.21	5.66	$7,179
Oct 2000	209	548	31.23	5.15	$9,347
Sep 2000	276	395	31.87	5.19	$10,845
Aug 2000	296	580	29.64	4.54	$11,407
Jul 2000	303	771	28.53	4.09	$11,798
Jun 2000	302	77	29.30	4.40	$9,187
May 2000	151	351	27.26	3.68	$5,408
Apr 2000	210	221	24.51	3.12	$5,836
Mar 2000	265	361	28.42	2.86	$8,564
Feb 2000	285	449	27.62	2.73	$9,096
Jan 2000	263	495	25.27	2.48	$7,874
Dec 1999	172	457	24.28	2.42	$5,284
Nov 1999	186	37	23.19	2.43	$4,403
Oct 1999	282	807	20.98	2.80	$8,179
Sep 1999	221	932	21.75	2.62	$7,248
Aug 1999	243	892	19.26	2.88	$7,245
Jul 1999	317	785	17.89	2.37	$7,533
Jun 1999	323	489	15.94	2.36	$6,304
May 1999	320	521	15.79	2.32	$6,262
Apr 1999	340	726	15.10	2.21	$6,737
Mar 1999	381	816	12.47	1.84	$6,251
Feb 1999	286	1,120	9.98	1.82	$4,890
Jan 1999	257	1,338	10.38	1.90	$5,210
Dec 1998	379	1,492	9.20	1.77	$6,133
Nov 1998	337	720	10.89	2.19	$5,244
Oct 1998	261	1,362	12.42	1.97	$5,924
Sep 1998	348	1,878	12.59	2.08	$8,292
Aug 1998	258	1,869	11.30	1.91	$6,480
Jul 1998	311	2,407	11.74	2.24	$9,036
Jun 1998	219	2,047	11.24	2.24	$7,041
May 1998	348	1,847	12.62	2.21	$8,467
Apr 1998	324	1,309	13.04	2.51	$7,504
Mar 1998	338	2	12.80	2.31	$4,331
Feb 1998	358	0	13.95	2.30	$4,994
Jan 1998	479	0	14.70	2.15	$7,041
Dec 1997	406	1	16.32	2.41	$6,628
Nov 1997	535	1,597	18.19	3.09	$14,664
Oct 1997	331	2,340	19.25	3.15	$13,742
Sep 1997	251	1,591	17.74	2.95	$9,154
Aug 1997	294	1,458	17.86	2.55	$8,976
Jul 1997	272	1,650	17.58	2.25	$8,489
Jun 1997	295	1,654	17.24	2.26	$8,819
May 1997	490	1,690	18.97	2.31	$13,197
Apr 1997	509	1,844	17.88	2.08	$12,942
Mar 1997	445	1,676	18.95	1.94	$11,683
Feb 1997	445	1,509	20.49	2.21	$12,447
Jan 1997	275	1,090	23.48	3.54	$10,315
Dec 1996	456	1,919	23.32	—	$10,634
Nov 1996	401	1,164	21.97	—	$8,810
Oct 1996	367	1,509	23.31	—	$8,555
Sep 1996	193	1,350	22.22	—	$4,288
Aug 1996	345	1,200	20.26	—	$6,990
Jul 1996	279	1,163	19.55	—	$5,454
Jun 1996	307	917	18.73	—	$5,750
May 1996	460	1,404	19.43	—	$8,938
Apr 1996	432	1,786	21.51	—	$9,292
Mar 1996	279	1,453	19.38	—	$5,407
Feb 1996	391	1,479	16.98	—	$6,639
Jan 1996	372	1,529	17.07	—	$6,350
Dec 1995	320	1,489	17.19	—	$5,501
Nov 1995	283	1,572	16.00	—	$4,528
Oct 1995	382	2,042	15.43	—	$5,894
Sep 1995	445	2,028	16.18	—	$7,200
Aug 1995	489	2,342	15.92	—	$7,785
Jul 1995	334	1,530	15.24	—	$5,090
Jun 1995	361	1,600	16.41	—	$5,924
May 1995	623	2,449	17.56	—	$10,940
Apr 1995	552	1,962	17.73	—	$9,787
Mar 1995	669	1,727	16.44	—	$10,998
Feb 1995	347	1,275	16.58	—	$5,753
Jan 1995	572	2,056	15.92	—	$9,106
Dec 1994	344	1,743	15.03	—	$5,170
Nov 1994	547	2,423	15.90	—	$8,697
Oct 1994	448	1,545	15.58	—	$6,980
Sep 1994	537	2,195	15.29	—	$8,211
Aug 1994	552	1,889	16.13	—	$8,904
Jul 1994	724	2,607	17.56	—	$12,713
Jun 1994	444	1,167	17.09	—	$7,588
May 1994	514	1,501	15.88	—	$8,162
Apr 1994	471	1,534	14.14	—	$6,660
Mar 1994	407	1,286	12.46	—	$5,071
Feb 1994	354	995	12.50	—	$4,425
Jan 1994	510	1,431	12.66	—	$6,457
Dec 1993	602	1,371	12.33	—	$7,423
Nov 1993	407	1,511	14.49	—	$5,897
Oct 1993	645	2,340	15.85	—	$10,223
Sep 1993	608	2,291	15.03	—	$9,138
Aug 1993	624	2,183	15.66	—	$9,772
Jul 1993	673	2,084	15.46	—	$10,405
Jun 1993	741	2,311	16.79	—	$12,441
May 1993	740	2,168	17.68	—	$13,083
Apr 1993	819	2,273	18.05	—	$14,783
Mar 1993	593	1,288	18.14	—	$10,757
Feb 1993	363	791	17.90	—	$6,498
Jan 1993	805	2,109	16.93	—	$13,629

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 2009 — as filed, then multipliedworked

Oil                    1 bbl  × $ 46.77 =        $47
Casinghead gas         0 Mcf  × $  3.59 =         $0

────────────────────────────────────────────────────
Month total                                      $47

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/32576 is the state's own key, not one this site invented.