ANTELOPE UNIVERSITY

Operated by NADEL AND GUSSMAN PERMIAN,L.L.C. (P-5 598940) 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 32801District 08Field 92534500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.9 M
Jan 1993 – Nov 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
227
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA2none

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
OilDisposition80,151 bbl$1,583,264
Casinghead gasProduction275,335 Mcf$307,955
Total$1,891,219

185,806 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 (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 32.2328, -102.5430. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

32.23286, -102.54321 · 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
100.0%
4 of 4 wells
Median depth
9,983 ft
4 wells filed one
Completion to plug
7.4 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 9,966 and 10,000 ft, median 9,983 ft, over the 4 wells that filed a depth.

Completions filed
Nov 1991 – Mar 2009
4 of 4 wells
Plug dates filed
Feb 1997 – Jun 2016
4 of 4 wells

Last completion to plug: a median of 7.4 years across the 4 wells that filed both dates, with the middle half between 6.7 years and 9.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0033681429,966 ftMar 2009May 2016Yes
42-0033687739,980 ftOct 2008Jun 2016Yes
42-00337019410,000 ftMay 1996Apr 2010Yes
42-0033677219,985 ftNov 1991Feb 1997Yes

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 (227)

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

227 months

Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20091066.163.90$66
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 200917932.814.63$599
Jan 200901035.865.37$54
Dec 200801537.105.98$90
Nov 200884655.496.86$4,702
Oct 2008173875.246.92$13,072
Sep 20081760101.767.88$17,910
Aug 20081760114.228.48$20,103
Jul 20081770131.0811.39$23,201
Jun 20083660131.3313.03$48,067
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007179091.677.29$16,409
Oct 2007180082.856.92$14,913
Sep 20070075.846.24$0
Aug 2007170069.066.39$11,740
Jul 20070070.906.39$0
Jun 2007179062.007.55$11,098
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20061069.376.34$69
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 200512152.337.38$635
May 20051619045.226.65$1,987
Apr 20053137449.207.36$4,278
Mar 20054446050.377.15$5,508
Feb 20051946645.226.31$3,801
Jan 20055361543.166.32$6,176
Dec 20043853739.866.75$5,140
Nov 20043957045.286.33$5,374
Oct 2004051549.706.52$3,355
Sep 200412754343.245.28$8,361
Aug 20043741142.375.55$3,849
Jul 20045840038.286.08$4,654
Jun 20044045736.106.43$4,384
May 2004061337.486.49$3,981
Apr 20042253234.475.86$3,875
Mar 20049534634.365.53$5,178
Feb 2004713632.455.51$976
Jan 2004123332.036.30$592
Dec 2003060930.266.30$3,838
Nov 200310413528.804.60$3,616
Oct 20034711728.174.76$1,881
Sep 20036111926.314.75$2,170
Aug 200316691129.765.13$9,613
Jul 20031791,10229.415.17$10,963
Jun 200316187728.565.98$9,845
May 200322090426.595.97$11,249
Apr 200316487626.675.41$9,111
Mar 200325986931.146.10$13,363
Feb 200318156433.487.93$10,530
Jan 200316672930.315.58$9,101
Dec 200221676926.914.85$9,545
Nov 200218273424.664.14$7,525
Oct 200216383726.464.23$7,853
Sep 200213476927.443.64$6,472
Aug 200224786825.963.16$9,159
Jul 200218685924.583.06$7,202
Jun 200217575923.733.34$6,686
May 200220297524.663.58$8,476
Apr 200214383723.653.51$6,322
Mar 200226482222.003.10$8,358
Feb 200221661518.222.38$5,397
Jan 200221268317.172.38$5,263
Dec 200121570416.932.36$5,304
Nov 200116354218.072.41$4,249
Oct 200122770819.782.53$6,281
Sep 200124365524.262.25$7,370
Aug 20012021,05324.873.05$8,239
Jul 200127670723.933.20$8,865
Jun 200121753224.563.82$7,364
May 200121359525.524.31$7,999
Apr 200117266524.685.34$7,793
Mar 200122941224.545.38$7,835
Feb 200119236827.755.77$7,450
Jan 200119746127.478.40$9,283
Dec 200022541726.889.12$9,852
Nov 20009361232.215.66$6,458
Oct 200016769331.235.15$8,781
Sep 200021576531.875.19$10,820
Aug 20002931,15929.644.54$13,947
Jul 20002631,02728.534.09$11,704
Jun 20003591,83529.304.40$18,588
May 20002371,49227.263.68$11,951
Apr 20002721,73924.513.12$12,085
Mar 20003671,55628.422.86$14,880
Feb 20002951,46027.622.73$12,129
Jan 20002861,52825.272.48$11,017
Dec 199925698824.282.42$8,610
Nov 19992071,62423.192.43$8,753
Oct 199916899220.982.80$6,306
Sep 199910056921.752.62$3,665
Aug 199912849319.262.88$3,883
Jul 199916654017.892.37$4,251
Jun 199915777915.942.36$4,343
May 199914380915.792.32$4,136
Apr 199914851815.102.21$3,379
Mar 199919746012.471.84$3,302
Feb 19992066459.981.82$3,228
Jan 19992161,69310.381.90$5,459
Dec 19983651,4459.201.77$5,920
Nov 19983441,18110.892.19$6,328
Oct 19982231,46012.421.97$5,645
Sep 19982821,71512.592.08$7,122
Aug 19982012,23611.301.91$6,536
Jul 19982241,47011.742.24$5,919
Jun 19982302,13011.242.24$7,351
May 19983912,75112.622.21$11,004
Apr 19983682,39413.042.51$10,796
Mar 1998286312.802.31$3,668
Feb 1998236013.952.30$3,292
Jan 1998359014.702.15$5,277
Dec 1997317116.322.41$5,176
Nov 199729287618.193.09$8,017
Oct 19972271,61619.253.15$9,460
Sep 19972851,82617.742.95$10,452
Aug 19973421,69717.862.55$10,444
Jul 19972321,41317.582.25$7,253
Jun 19972621,48117.242.26$7,860
May 19976152,12418.972.31$16,570
Apr 19973641,32517.882.08$9,268
Mar 19974281,61718.951.94$11,246
Feb 19974461,51820.492.21$12,487
Jan 199721886923.483.54$8,195
Dec 19963431,55623.32$7,999
Nov 19963301,03721.97$7,250
Oct 19964071,63023.31$9,487
Sep 19965362,88522.22$11,910
Aug 19964911,71120.26$9,948
Jul 19965472,28119.55$10,694
Jun 19965661,69418.73$10,601
May 19966011,83419.43$11,677
Apr 19963891,62921.51$8,367
Mar 19965222,51419.38$10,116
Feb 19964851,83716.98$8,235
Jan 19967702,94017.07$13,144
Dec 19957693,28517.19$13,219
Nov 19958213,75916.00$13,136
Oct 19956513,33215.43$10,045
Sep 19957183,26916.18$11,617
Aug 19958023,83915.92$12,768
Jul 19957213,30415.24$10,988
Jun 19958023,55416.41$13,161
May 19959003,46017.56$15,804
Apr 19951,1523,58517.73$20,425
Mar 19959312,23016.44$15,306
Feb 19958252,45316.58$13,679
Jan 19951,2724,05415.92$20,250
Dec 19945922,69715.03$8,898
Nov 19947613,20715.90$12,100
Oct 19941,1123,83515.58$17,325
Sep 19941,1884,55615.29$18,165
Aug 19941,2014,11416.13$19,372
Jul 19941,1854,06117.56$20,809
Jun 19941,4243,88917.09$24,336
May 19941,4844,33815.88$23,566
Apr 19941,3334,34414.14$18,849
Mar 19941,4424,54012.46$17,967
Feb 19941,2523,50512.50$15,650
Jan 19941,2123,40312.66$15,344
Dec 19931,8224,13412.33$22,465
Nov 19931,0833,98814.49$15,693
Oct 19931,2644,56915.85$20,034
Sep 19931,2434,58215.03$18,682
Aug 19931,4184,83815.66$22,206
Jul 19931,7235,32815.46$26,638
Jun 19931,5124,60316.79$25,386
May 19932,0035,56217.68$35,413
Apr 19933,91210,46818.05$70,612
Mar 19935,14010,98618.14$93,240
Feb 19933,2437,88117.90$58,050
Jan 19933,4278,70616.93$58,019

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 2009 — as filed, then multipliedworked
Oil                    1 bbl  × $ 66.16 =        $66
Casinghead gas         0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                      $66

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/32801 is the state's own key, not one this site invented.