UNIVERSITY "16-18"

Name: UNIVERSITY "16-18" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PRIME OPERATING COMPANY (P-5 677770) in the SHERBINO CREEK (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 33162District 08Field 83089400OilCasinghead gasSave Export

Value, all time

$713 k

Jan 1993 – Jan 2006

Value, last 12 filed months

$17 k

at the published price for each month

Months reported

157

no gaps in the span

Streams

oil, casinghead gas

The SHERBINO CREEK (DEVONIAN) 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 2 leases and 3 wells, and the rule below applies to all of them.

Discovered

1991-05-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	15,856 bbl	$315,612
Casinghead gas	Production	354,528 Mcf	$397,015
Total			$712,627

224,051 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 (2)

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 30.9337, -102.2946. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

30.93365, -102.29461 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

6,506 ft

2 wells filed one

Completion to plug

13.3 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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 6,480 and 6,531 ft, median 6,506 ft, over the 2 wells that filed a depth.

Completions filed

Oct 1990 – Nov 1991

2 of 2 wells

Plug dates filed

May 2003 – Nov 2005

2 of 2 wells

Last completion to plug: a median of 13.3 years across the 2 wells that filed both dates, with the middle half between 12.4 years and 14.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-37136321	2	6,480 ft	Nov 1991	May 2003	Yes
42-37136274	1	6,531 ft	Oct 1990	Nov 2005	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 (157)

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

157 months


Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	73	0	54.69	10.59	$3,992
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	5	143	45.22	6.65	$1,177
Apr 2005	5	190	49.20	7.36	$1,644
Mar 2005	176	118	50.37	7.15	$9,709
Feb 2005	6	0	45.22	6.31	$271
Jan 2005	3	54	43.16	6.32	$471
Dec 2004	3	7	39.86	6.75	$167
Nov 2004	187	113	45.28	6.33	$9,183
Oct 2004	6	396	49.70	6.52	$2,878
Sep 2004	5	336	43.24	5.28	$1,992
Aug 2004	1	226	42.37	5.55	$1,297
Jul 2004	178	252	38.28	6.08	$8,347
Jun 2004	4	183	36.10	6.43	$1,322
May 2004	2	164	37.48	6.49	$1,140
Apr 2004	183	365	34.47	5.86	$8,446
Mar 2004	4	267	34.36	5.53	$1,614
Feb 2004	3	255	32.45	5.51	$1,502
Jan 2004	3	457	32.03	6.30	$2,975
Dec 2003	1	254	30.26	6.30	$1,631
Nov 2003	5	205	28.80	4.60	$1,086
Oct 2003	186	376	28.17	4.76	$7,029
Sep 2003	10	275	26.31	4.75	$1,569
Aug 2003	0	351	29.76	5.13	$1,801
Jul 2003	184	606	29.41	5.17	$8,545
Jun 2003	2	641	28.56	5.98	$3,892
May 2003	0	677	26.59	5.97	$4,044
Apr 2003	6	459	26.67	5.41	$2,642
Mar 2003	181	247	31.14	6.10	$7,142
Feb 2003	6	445	33.48	7.93	$3,728
Jan 2003	9	242	30.31	5.58	$1,624
Dec 2002	185	634	26.91	4.85	$8,056
Nov 2002	10	600	24.66	4.14	$2,729
Oct 2002	10	288	26.46	4.23	$1,483
Sep 2002	5	291	27.44	3.64	$1,195
Aug 2002	172	541	25.96	3.16	$6,177
Jul 2002	5	717	24.58	3.06	$2,318
Jun 2002	5	733	23.73	3.34	$2,566
May 2002	176	850	24.66	3.58	$7,387
Apr 2002	5	871	23.65	3.51	$3,177
Mar 2002	5	1,045	22.00	3.10	$3,352
Feb 2002	194	829	18.22	2.38	$5,504
Jan 2002	10	1,085	17.17	2.38	$2,749
Dec 2001	23	361	16.93	2.36	$1,243
Nov 2001	176	835	18.07	2.41	$5,189
Oct 2001	5	424	19.78	2.53	$1,171
Sep 2001	2	358	24.26	2.25	$854
Aug 2001	7	1,297	24.87	3.05	$4,134
Jul 2001	183	1,348	23.93	3.20	$8,689
Jun 2001	5	1,417	24.56	3.82	$5,542
May 2001	3	1,572	25.52	4.31	$6,848
Apr 2001	186	1,305	24.68	5.34	$11,553
Mar 2001	12	1,449	24.54	5.38	$8,085
Feb 2001	188	945	27.75	5.77	$10,667
Jan 2001	10	814	27.47	8.40	$7,111
Dec 2000	191	1,837	26.88	9.12	$21,892
Nov 2000	8	1,354	32.21	5.66	$7,919
Oct 2000	194	1,237	31.23	5.15	$12,424
Sep 2000	11	1,209	31.87	5.19	$6,621
Aug 2000	73	586	29.64	4.54	$4,825
Jul 2000	181	798	28.53	4.09	$8,428
Jun 2000	5	775	29.30	4.40	$3,554
May 2000	4	859	27.26	3.68	$3,270
Apr 2000	163	1,088	24.51	3.12	$7,385
Mar 2000	6	1,319	28.42	2.86	$3,943
Feb 2000	185	1,374	27.62	2.73	$8,856
Jan 2000	8	622	25.27	2.48	$1,745
Dec 1999	7	930	24.28	2.42	$2,424
Nov 1999	193	435	23.19	2.43	$5,534
Oct 1999	2	46	20.98	2.80	$171
Sep 1999	4	420	21.75	2.62	$1,187
Aug 1999	5	636	19.26	2.88	$1,925
Jul 1999	174	98	17.89	2.37	$3,345
Jun 1999	165	501	15.94	2.36	$3,814
May 1999	1	1,268	15.79	2.32	$2,959
Apr 1999	1	1,949	15.10	2.21	$4,319
Mar 1999	3	1,757	12.47	1.84	$3,267
Feb 1999	175	1,565	9.98	1.82	$4,591
Jan 1999	0	1,528	10.38	1.90	$2,903
Dec 1998	349	913	9.20	1.77	$4,830
Nov 1998	0	1,495	10.89	2.19	$3,268
Oct 1998	3	1,575	12.42	1.97	$3,139
Sep 1998	4	2,109	12.59	2.08	$4,443
Aug 1998	181	2,376	11.30	1.91	$6,577
Jul 1998	176	1,617	11.74	2.24	$5,684
Jun 1998	4	2,653	11.24	2.24	$5,980
May 1998	5	2,523	12.62	2.21	$5,630
Apr 1998	173	2,845	13.04	2.51	$9,384
Mar 1998	176	3,198	12.80	2.31	$9,638
Feb 1998	166	3,536	13.95	2.30	$10,445
Jan 1998	7	3,211	14.70	2.15	$7,022
Dec 1997	170	1,729	16.32	2.41	$6,943
Nov 1997	5	2,827	18.19	3.09	$8,821
Oct 1997	167	3,333	19.25	3.15	$13,713
Sep 1997	7	3,237	17.74	2.95	$9,689
Aug 1997	187	1,416	17.86	2.55	$6,957
Jul 1997	6	4,298	17.58	2.25	$9,763
Jun 1997	183	5,379	17.24	2.26	$15,296
May 1997	176	5,885	18.97	2.31	$16,924
Apr 1997	188	6,002	17.88	2.08	$15,862
Mar 1997	176	6,189	18.95	1.94	$15,337
Feb 1997	187	6,171	20.49	2.21	$17,444
Jan 1997	0	2,856	23.48	3.54	$10,109
Dec 1996	182	7,731	23.32	—	$4,244
Nov 1996	351	6,656	21.97	—	$7,711
Oct 1996	178	3,037	23.31	—	$4,149
Sep 1996	161	2,162	22.22	—	$3,577
Aug 1996	0	4,351	20.26	—	$0
Jul 1996	174	4,256	19.55	—	$3,402
Jun 1996	175	3,174	18.73	—	$3,278
May 1996	177	3,380	19.43	—	$3,439
Apr 1996	1	3,774	21.51	—	$22
Mar 1996	2	3,849	19.38	—	$39
Feb 1996	184	3,563	16.98	—	$3,124
Jan 1996	178	3,127	17.07	—	$3,038
Dec 1995	179	3,724	17.19	—	$3,077
Nov 1995	3	3,727	16.00	—	$48
Oct 1995	3	4,262	15.43	—	$46
Sep 1995	182	4,155	16.18	—	$2,945
Aug 1995	1	4,647	15.92	—	$16
Jul 1995	182	3,908	15.24	—	$2,774
Jun 1995	179	3,862	16.41	—	$2,937
May 1995	177	4,347	17.56	—	$3,108
Apr 1995	184	3,901	17.73	—	$3,262
Mar 1995	2	4,128	16.44	—	$33
Feb 1995	178	3,590	16.58	—	$2,951
Jan 1995	183	3,308	15.92	—	$2,913
Dec 1994	187	5,914	15.03	—	$2,811
Nov 1994	3	3,476	15.90	—	$48
Oct 1994	183	2,416	15.58	—	$2,851
Sep 1994	179	1,879	15.29	—	$2,737
Aug 1994	178	2,201	16.13	—	$2,871
Jul 1994	183	3,335	17.56	—	$3,213
Jun 1994	182	3,087	17.09	—	$3,110
May 1994	181	4,342	15.88	—	$2,874
Apr 1994	361	4,153	14.14	—	$5,105
Mar 1994	177	4,591	12.46	—	$2,205
Feb 1994	177	5,618	12.50	—	$2,213
Jan 1994	178	5,754	12.66	—	$2,253
Dec 1993	177	5,234	12.33	—	$2,182
Nov 1993	180	5,579	14.49	—	$2,608
Oct 1993	180	4,601	15.85	—	$2,853
Sep 1993	180	5,877	15.03	—	$2,705
Aug 1993	197	6,627	15.66	—	$3,085
Jul 1993	354	7,216	15.46	—	$5,473
Jun 1993	350	6,396	16.79	—	$5,877
May 1993	180	8,060	17.68	—	$3,182
Apr 1993	177	5,370	18.05	—	$3,195
Mar 1993	355	7,127	18.14	—	$6,440
Feb 1993	484	8,256	17.90	—	$8,664
Jan 1993	183	10,323	16.93	—	$3,098

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.

Nov 2005 — as filed, then multipliedworked

Oil                   73 bbl  × $ 54.69 =     $3,992
Casinghead gas         0 Mcf  × $ 10.59 =         $0

────────────────────────────────────────────────────
Month total                                   $3,992

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/33162 is the state's own key, not one this site invented.