UNIVERSITY "14"

Operated by RING ENERGY, INC. (P-5 712382) in the SHAFTER LAKE (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32880District 08Field 82570500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$14.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$770 k
at the published price for each month
Months reported
401
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 194 leases and 1,113 wells, and the rule below applies to all of them.

Discovered
1953-04-01
as the register files it
Field class
Oil
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 2014-01-07.

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: DIAGONAL LIMITATION, TOP ALLOWABLE ADJUSTED.

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
OilDisposition283,129 bbl$14,177,554
Casinghead gasProduction26,865 Mcf$50,340
Total$14,227,894

9,546 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 (5)

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 32.4093, -102.7024. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.40904, -102.70281 · 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
60.0%
3 of 5 wells
With a plug date
60.0%
3 of 5 wells
Median depth
4,900 ft
5 wells filed one
Completion to plug
26.6 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
360.0%
A plug date is filed
360.0%
BothOn the schedule and plugged. Neither fact cancels the other.
360.0%
NeitherNo plug date, and not on the schedule.
240.0%

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 4,609 and 4,900 ft, median 4,900 ft, over the 5 wells that filed a depth.

Completions filed
Nov 1990 – Jul 2018
5 of 5 wells
Plug dates filed
Apr 2017 – Jun 2019
3 of 5 wells; 2 filed none

Last completion to plug: a median of 26.6 years across the 3 wells that filed both dates, with the middle half between 26.5 years and 26.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-003478161H4,609 ftJul 2018
42-0033715144,900 ftNov 1992Jun 2019Yes
42-0033708634,900 ftJul 1992
42-0033705824,900 ftMar 1992Jun 2019Yes
42-0033682014,900 ftNov 1990Apr 2017Yes

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 (401)

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

401 months

May 2026736331106.413.05$79,326
Apr 202667434598.932.87$67,669
Mar 202695130189.753.15$86,300
Feb 202690128063.503.75$58,264
Jan 202688122359.138.00$53,877
Dec 20251,06831956.664.41$61,921
Nov 202593156458.593.93$56,762
Oct 20251,08362859.383.30$66,384
Sep 202596657262.743.08$62,367
Aug 202597032963.933.01$63,004
Jul 20251,00329666.743.32$67,922
Jun 202567535566.483.13$45,985
May 20251,01244060.553.23$62,699
Apr 20251,06940162.363.54$68,084
Mar 20251,11444667.704.27$77,321
Feb 202586041170.884.34$62,741
Jan 20251,07969974.324.28$83,182
Dec 20241,24729268.993.12$86,942
Nov 20241,02344669.052.20$71,619
Oct 20241,00854571.372.28$73,184
Sep 202483553569.612.36$59,389
Aug 202494963275.632.06$73,077
Jul 202486745979.932.15$70,285
Jun 202495243178.082.63$75,467
May 202490540378.812.20$72,209
Apr 20241,38939784.451.66$117,960
Mar 20241,09337980.301.55$88,354
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20231,44442971.262.61$104,019
Nov 202353626377.892.81$42,487
Oct 202378719285.443.09$67,834
Sep 202395544489.042.74$86,248
Aug 20231,17621280.522.67$95,258
Jul 2023965074.852.64$72,230
Jun 2023981068.962.26$67,650
May 20231,092070.622.23$77,117
Apr 20231,043078.122.24$81,479
Mar 20231,045072.852.39$76,128
Feb 2023792075.112.47$59,487
Jan 20231,018076.533.39$77,908
Dec 20221,265076.415.73$96,659
Nov 2022835085.005.65$70,975
Oct 20221,136087.185.86$99,036
Sep 20221,389084.888.16$117,898
Aug 20221,036094.529.13$97,923
Jul 20221,0860101.587.54$110,316
Jun 20221,1030115.097.98$126,944
May 20221,4940109.378.43$163,399
Apr 20221,6020104.226.84$166,960
Mar 20221,3100108.885.08$142,633
Feb 2022877091.054.86$79,851
Jan 2022882081.844.54$72,183
Dec 20211,128071.323.90$80,449
Nov 20211,005077.435.24$77,817
Oct 20211,074079.795.71$85,694
Sep 20211,112069.865.35$77,684
Aug 20211,212066.024.22$80,016
Jul 20211,465070.783.98$103,693
Jun 20211,357069.493.38$94,298
May 20211,177063.483.02$74,716
Apr 20211,493060.362.76$90,117
Mar 20211,928061.302.72$118,186
Feb 20211,149057.805.55$66,412
Jan 20211,168050.412.81$58,879
Dec 20201,717044.642.68$76,647
Nov 20201,522038.772.71$59,008
Oct 20201,628036.972.48$60,187
Sep 20202,118037.091.99$78,557
Aug 20202,028039.982.39$81,079
Jul 20201,941038.371.83$74,476
Jun 20202,000034.901.69$69,800
May 20200016.921.81$0
Apr 20201,436014.751.80$21,181
Mar 20202,767030.341.86$83,951
Feb 20204,127049.881.98$205,855
Jan 20202,440057.252.09$139,690
Dec 20192,662059.012.30$157,085
Nov 20192,673055.302.75$147,817
Oct 20192,321053.472.42$124,104
Sep 20191,949055.052.66$107,292
Aug 20192,563053.112.30$136,121
Jul 20192,465056.272.46$138,706
Jun 20192,255052.782.49$119,019
May 20193,305058.482.74$193,276
Apr 20192,607062.632.75$163,276
Mar 20193,634056.803.06$206,411
Feb 20194,000050.852.79$203,400
Jan 20192,279046.033.23$104,902
Dec 20183,711046.594.19$172,895
Nov 20183,535052.934.24$187,108
Oct 20186,362061.443.40$390,881
Sep 20188,244059.543.11$490,848
Aug 201813,254059.403.07$787,288
Jul 20187,815065.142.93$509,069
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 2017149047.523.09$7,080
Aug 20171045.373.00$45
Jul 20170043.873.09$0
Jun 2017157042.493.09$6,671
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20172046.772.98$94
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20163046.193.09$139
Sep 20162041.553.10$83
Aug 2016155041.442.92$6,423
Jul 20160041.622.92$0
Jun 20164045.352.69$181
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 2016171027.352.36$4,677
Dec 20150032.362.00$0
Nov 2015160038.792.17$6,206
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 2015170042.892.93$7,291
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 2014174054.693.59$9,516
Nov 201414070.464.25$986
Oct 20143078.303.90$235
Sep 20145086.164.05$431
Aug 20148089.394.04$715
Jul 20142096.564.18$193
Jun 2014137098.164.74$13,448
May 2014155094.734.73$14,683
Apr 2014158095.944.81$15,159
Mar 2014169095.895.06$16,205
Feb 20146097.406.19$584
Jan 2014168090.404.86$15,187
Dec 2013166091.824.35$15,242
Nov 20138088.853.74$711
Oct 2013352097.423.78$34,292
Sep 201380104.113.72$833
Aug 20131530104.253.52$15,950
Jul 201370102.523.72$718
Jun 2013332094.403.93$31,341
May 20134094.834.15$379
Apr 2013151093.964.28$14,188
Mar 201312093.623.91$1,123
Feb 2013333091.233.42$30,380
Jan 20137091.603.42$641
Dec 2012158086.773.42$13,710
Nov 2012182086.953.62$15,825
Oct 2012189089.383.40$16,893
Sep 2012175094.672.92$16,567
Aug 2012164092.662.91$15,196
Jul 2012509085.133.02$43,331
Jun 2012168079.822.52$13,410
May 2012319091.612.49$29,224
Apr 20121850101.652.00$18,805
Mar 20121860105.052.22$19,539
Feb 20121700101.102.57$17,187
Jan 2012162098.092.73$15,891
Dec 2011177096.873.24$17,146
Nov 2011182095.723.31$17,421
Oct 2011182084.983.65$15,466
Sep 20110083.623.99$0
Aug 2011163083.404.15$13,594
Jul 2011318094.144.52$29,937
Jun 2011154092.904.64$14,307
May 2011315098.134.40$30,911
Apr 20111530105.964.33$16,212
Mar 2011156096.364.06$15,032
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010158085.734.35$13,545
Nov 20100080.843.80$0
Oct 2010149078.103.51$11,637
Sep 2010163072.633.98$11,839
Aug 20100073.684.42$0
Jul 2010160072.554.74$11,608
Jun 2010170070.364.91$11,961
May 2010168071.124.24$11,948
Apr 2010316081.694.12$25,814
Mar 2010341078.394.39$26,731
Feb 2010169073.585.44$12,435
Jan 2010337074.365.96$25,059
Dec 2009153071.445.48$10,930
Nov 2009329074.593.75$24,540
Oct 20090072.544.11$0
Sep 2009175065.543.06$11,470
Aug 2009159067.423.22$10,720
Jul 2009170061.133.46$10,392
Jun 2009170066.163.90$11,247
May 2009334054.743.93$18,283
Apr 2009170046.773.59$7,951
Mar 2009172042.144.06$7,248
Feb 2009182032.814.63$5,971
Jan 2009337035.865.37$12,085
Dec 2008334037.105.98$12,391
Nov 2008334055.496.86$18,534
Oct 2008336075.246.92$25,281
Sep 20083480101.767.88$35,412
Aug 20083230114.228.48$36,893
Jul 20083270131.0811.39$42,863
Jun 20083340131.3313.03$43,864
May 20083410123.1711.57$42,001
Apr 20081640110.3110.45$18,091
Mar 20083180101.909.66$32,404
Feb 2008504092.538.77$46,635
Jan 2008151090.388.21$13,647
Dec 2007304088.337.30$26,852
Nov 2007172091.677.29$15,767
Oct 2007495082.856.92$41,011
Sep 2007507075.846.24$38,451
Aug 2007343069.066.39$23,688
Jul 2007156070.906.39$11,060
Jun 2007316062.007.55$19,592
May 2007482058.747.85$28,313
Apr 2007347059.617.81$20,685
Mar 2007489056.927.30$27,834
Feb 2007334055.108.22$18,403
Jan 2007171050.306.73$8,601
Dec 2006343056.656.92$19,431
Nov 2006345054.207.62$18,699
Oct 2006334054.906.01$18,337
Sep 2006337060.085.04$20,247
Aug 2006302068.717.34$20,750
Jul 2006318069.376.34$22,060
Jun 2006339066.286.38$22,469
May 2006484066.016.42$31,949
Apr 2006342064.397.36$22,021
Mar 2006172056.707.08$9,752
Feb 2006176057.597.75$10,136
Jan 2006344060.598.93$20,843
Dec 2005180054.9413.42$9,889
Nov 2005172054.6910.59$9,407
Oct 2005169058.3413.80$9,859
Sep 2005171061.4512.08$10,508
Aug 2005162061.519.80$9,965
Jul 2005447055.697.84$24,893
Jun 2005174052.337.38$9,105
May 2005341045.226.65$15,420
Apr 2005346049.207.36$17,023
Mar 2005340050.377.15$17,126
Feb 2005159045.226.31$7,190
Jan 2005182043.166.32$7,855
Dec 2004168039.866.75$6,696
Nov 2004170045.286.33$7,698
Oct 2004664049.706.52$33,001
Sep 2004167043.245.28$7,221
Aug 2004348042.375.55$14,745
Jul 2004340038.286.08$13,015
Jun 2004490036.106.43$17,689
May 2004169037.486.49$6,334
Apr 2004514034.475.86$17,718
Mar 2004158034.365.53$5,429
Feb 2004349032.455.51$11,325
Jan 2004501032.036.30$16,047
Dec 2003494030.266.30$14,948
Nov 2003170028.804.60$4,896
Oct 2003335028.174.76$9,437
Sep 2003345026.314.75$9,077
Aug 2003518029.765.13$15,416
Jul 2003167029.415.17$4,911
Jun 2003332028.565.98$9,482
May 2003488026.595.97$12,976
Apr 2003145026.675.41$3,867
Mar 2003516031.146.10$16,068
Feb 2003337033.487.93$11,283
Jan 2003179030.315.58$5,425
Dec 2002526026.914.85$14,155
Nov 2002348024.664.14$8,582
Oct 2002529026.464.23$13,997
Sep 2002172027.443.64$4,720
Aug 2002346025.963.16$8,982
Jul 2002354024.583.06$8,701
Jun 2002347023.733.34$8,234
May 2002711024.663.58$17,533
Apr 2002356023.653.51$8,419
Mar 2002362022.003.10$7,964
Feb 2002304018.222.38$5,539
Jan 2002132017.172.38$2,266
Dec 2001333016.932.36$5,638
Nov 2001503018.072.41$9,089
Oct 2001349019.782.53$6,903
Sep 2001496024.262.25$12,033
Aug 2001349124.873.05$8,683
Jul 2001520123.933.20$12,447
Jun 2001340124.563.82$8,354
May 2001343125.524.31$8,758
Apr 2001524124.685.34$12,938
Mar 2001530124.545.38$13,012
Feb 2001182127.755.77$5,056
Jan 2001491127.478.40$13,496
Dec 2000342126.889.12$9,202
Nov 2000342132.215.66$11,021
Oct 2000356131.235.15$11,123
Sep 2000532131.875.19$16,960
Aug 2000510129.644.54$15,121
Jul 2000178128.534.09$5,082
Jun 2000518129.304.40$15,182
May 2000357127.263.68$9,736
Apr 2000537124.513.12$13,165
Mar 2000328128.422.86$9,325
Feb 2000532127.622.73$14,697
Jan 2000342125.272.48$8,645
Dec 1999541124.282.42$13,138
Nov 1999549123.192.43$12,734
Oct 1999353120.982.80$7,409
Sep 19995042721.752.62$11,033
Aug 19993516419.262.88$6,944
Jul 19995196117.892.37$9,430
Jun 1999363515.942.36$5,798
May 19993541315.792.32$5,620
Apr 19993596515.102.21$5,564
Mar 19997115712.471.84$8,971
Feb 199936509.981.82$3,643
Jan 1999535010.381.90$5,553
Dec 1998545489.201.77$5,099
Nov 199833915010.892.19$4,020
Oct 199854317112.421.97$7,081
Sep 199835616812.592.08$4,832
Aug 199872317511.301.91$8,504
Jul 199836018311.742.24$4,636
Jun 199854116011.242.24$6,439
May 199855816612.622.21$7,408
Apr 199851716513.042.51$7,155
Mar 199854012012.802.31$7,189
Feb 199853815313.952.30$7,857
Jan 199836716514.702.15$5,750
Dec 199755717316.322.41$9,507
Nov 199755315818.193.09$10,547
Oct 199754618919.253.15$11,106
Sep 199770013717.742.95$12,823
Aug 199735721517.862.55$6,925
Jul 199753019117.582.25$9,747
Jun 199753518317.242.26$9,636
May 199754118518.972.31$10,690
Apr 199772218117.882.08$13,286
Mar 199773220518.951.94$14,269
Feb 199754817420.492.21$11,612
Jan 199736919023.483.54$9,337
Dec 199673017523.32$17,024
Nov 199655015521.97$12,084
Oct 199673118923.31$17,040
Sep 199654520322.22$12,110
Aug 199672321420.26$14,648
Jul 199672122919.55$14,096
Jun 199654923118.73$10,283
May 199690424419.43$17,565
Apr 19961,09025321.51$23,446
Mar 199653915919.38$10,446
Feb 199636313716.98$6,164
Jan 199654916317.07$9,371
Dec 199555116217.19$9,472
Nov 199555118416.00$8,816
Oct 199554719515.43$8,440
Sep 199572521516.18$11,731
Aug 199554025215.92$8,597
Jul 199590424215.24$13,777
Jun 199536325316.41$5,957
May 19959069217.56$15,909
Apr 199573525617.73$13,032
Mar 199573225516.44$12,034
Feb 199571222916.58$11,805
Jan 199591714215.92$14,599
Dec 19949092915.03$13,662
Nov 19947195115.90$11,432
Oct 19941,0529415.58$16,390
Sep 199473312615.29$11,208
Aug 199488321916.13$14,243
Jul 19941,06020717.56$18,614
Jun 199489610617.09$15,313
May 19941,25818715.88$19,977
Apr 19941,09626614.14$15,497
Mar 19941,09913512.46$13,694
Feb 1994913312.50$11,413
Jan 19941,282112.66$16,230
Dec 19931,278512.33$15,758
Nov 19931,2767614.49$18,489
Oct 19931,46316415.85$23,189
Sep 19931,27210215.03$19,118
Aug 19931,62028915.66$25,369
Jul 19931,60737215.46$24,844
Jun 19931,80034916.79$30,222
May 19931,81440017.68$32,072
Apr 19931,99440918.05$35,992
Mar 19932,17839618.14$39,509
Feb 19932,19731317.90$39,326
Jan 19932,36741816.93$40,073

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 2026 — as filed, then multipliedworked
Oil                  736 bbl  × $106.41 =    $78,318
Casinghead gas       331 Mcf  × $  3.05 =     $1,008

────────────────────────────────────────────────────
Month total                                  $79,326

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/32880 is the state's own key, not one this site invented.