UNIVERSITY "7-18"

Name: UNIVERSITY "7-18" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEXACO E & P INC. (P-5 844118) in the WAR-WINK, S. (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 33636District 08Field 95129600Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$2.9 M

Jan 1993 – Jun 2001

Value, last 12 filed months

$686 k

at the published price for each month

Months reported

102

no gaps in the span

Streams

oil, casinghead gas

The WAR-WINK, S. (WOLFCAMP) 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 63 leases and 103 wells, and the rule below applies to all of them.

Discovered

1974-03-26

as the register files it

Field class

Oil and gas

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 40 acres. The field rule took effect on 2010-08-11.

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: “FOR GAS WELLS IS 10%.”

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	120,226 bbl	$2,060,393
Casinghead gas	Production	326,469 Mcf	$800,772
Total			$2,861,165

164,542 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 31.6232, -103.2478. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.62321, -103.24780 · 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

20,850 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 20,850 ft.

Completions filed

Sep 2001

1 of 1 wells

1 well


42-47530584	1	20,850 ft	Sep 2001	—	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 (102)

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

102 months


Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	82	7,905	27.47	8.40	$68,645
Dec 2000	0	27,496	26.88	9.12	$250,832
Nov 2000	77	21,064	32.21	5.66	$121,660
Oct 2000	108	13,984	31.23	5.15	$75,328
Sep 2000	255	11,297	31.87	5.19	$66,719
Aug 2000	412	15,934	29.64	4.54	$84,564
Jul 2000	447	1,376	28.53	4.09	$18,380
Jun 2000	493	1,571	29.30	4.40	$21,353
May 2000	262	400	27.26	3.68	$8,614
Apr 2000	510	1,207	24.51	3.12	$16,261
Mar 2000	730	1,400	28.42	2.86	$24,750
Feb 2000	484	1,128	27.62	2.73	$16,444
Jan 2000	734	1,692	25.27	2.48	$22,745
Dec 1999	850	1,572	24.28	2.42	$24,448
Nov 1999	468	1,863	23.19	2.43	$15,387
Oct 1999	937	1,466	20.98	2.80	$23,769
Sep 1999	622	1,343	21.75	2.62	$17,046
Aug 1999	295	1,197	19.26	2.88	$9,124
Jul 1999	876	1,140	17.89	2.37	$18,376
Jun 1999	579	877	15.94	2.36	$11,301
May 1999	793	905	15.79	2.32	$14,622
Apr 1999	693	1,287	15.10	2.21	$13,306
Mar 1999	457	497	12.47	1.84	$6,612
Feb 1999	1,019	1,313	9.98	1.82	$12,556
Jan 1999	290	1,428	10.38	1.90	$5,723
Dec 1998	781	865	9.20	1.77	$8,719
Nov 1998	668	1,663	10.89	2.19	$10,909
Oct 1998	586	1,651	12.42	1.97	$10,529
Sep 1998	501	1,397	12.59	2.08	$9,217
Aug 1998	708	1,803	11.30	1.91	$11,439
Jul 1998	791	2,058	11.74	2.24	$13,891
Jun 1998	604	1,473	11.24	2.24	$10,084
May 1998	408	986	12.62	2.21	$7,324
Apr 1998	712	1,401	13.04	2.51	$12,794
Mar 1998	251	799	12.80	2.31	$5,058
Feb 1998	630	1,717	13.95	2.30	$12,736
Jan 1998	926	1,305	14.70	2.15	$16,424
Dec 1997	1,106	1,981	16.32	2.41	$22,826
Nov 1997	699	729	18.19	3.09	$14,966
Oct 1997	873	2,397	19.25	3.15	$24,355
Sep 1997	802	983	17.74	2.95	$17,132
Aug 1997	1,279	2,497	17.86	2.55	$29,222
Jul 1997	596	1,356	17.58	2.25	$13,525
Jun 1997	1,049	3,353	17.24	2.26	$25,653
May 1997	717	1,627	18.97	2.31	$17,357
Apr 1997	482	2,738	17.88	2.08	$14,321
Mar 1997	567	1,112	18.95	1.94	$12,901
Feb 1997	953	1,790	20.49	2.21	$23,476
Jan 1997	1,228	2,904	23.48	3.54	$39,113
Dec 1996	1,294	2,043	23.32	—	$30,176
Nov 1996	1,057	3,109	21.97	—	$23,222
Oct 1996	466	1,506	23.31	—	$10,862
Sep 1996	1,389	4,198	22.22	—	$30,864
Aug 1996	718	2,343	20.26	—	$14,547
Jul 1996	1,007	4,538	19.55	—	$19,687
Jun 1996	2,247	4,094	18.73	—	$42,086
May 1996	2,173	4,324	19.43	—	$42,221
Apr 1996	1,319	4,526	21.51	—	$28,372
Mar 1996	1,363	3,035	19.38	—	$26,415
Feb 1996	1,548	4,134	16.98	—	$26,285
Jan 1996	2,684	4,335	17.07	—	$45,816
Dec 1995	3,299	4,647	17.19	—	$56,710
Nov 1995	3,781	5,207	16.00	—	$60,496
Oct 1995	4,324	6,340	15.43	—	$66,719
Sep 1995	5,720	6,325	16.18	—	$92,550
Aug 1995	2,369	971	15.92	—	$37,714
Jul 1995	632	1,491	15.24	—	$9,632
Jun 1995	676	1,513	16.41	—	$11,093
May 1995	666	1,786	17.56	—	$11,695
Apr 1995	718	2,046	17.73	—	$12,730
Mar 1995	710	2,301	16.44	—	$11,672
Feb 1995	121	2,363	16.58	—	$2,006
Jan 1995	1,148	2,732	15.92	—	$18,276
Dec 1994	1,074	2,623	15.03	—	$16,142
Nov 1994	1,241	2,254	15.90	—	$19,732
Oct 1994	1,321	2,506	15.58	—	$20,581
Sep 1994	1,103	2,348	15.29	—	$16,865
Aug 1994	1,221	2,597	16.13	—	$19,695
Jul 1994	1,343	2,716	17.56	—	$23,583
Jun 1994	1,504	2,650	17.09	—	$25,703
May 1994	1,129	3,069	15.88	—	$17,929
Apr 1994	1,212	3,007	14.14	—	$17,138
Mar 1994	1,590	3,462	12.46	—	$19,811
Feb 1994	1,440	3,280	12.50	—	$18,000
Jan 1994	1,473	3,556	12.66	—	$18,648
Dec 1993	2,094	1,648	12.33	—	$25,819
Nov 1993	1,948	1,563	14.49	—	$28,227
Oct 1993	1,866	1,703	15.85	—	$29,576
Sep 1993	1,828	2,123	15.03	—	$27,475
Aug 1993	1,915	4,392	15.66	—	$29,989
Jul 1993	2,005	4,357	15.46	—	$30,997
Jun 1993	2,354	3,904	16.79	—	$39,524
May 1993	3,162	4,699	17.68	—	$55,904
Apr 1993	3,093	5,496	18.05	—	$55,829
Mar 1993	3,576	6,219	18.14	—	$64,869
Feb 1993	3,931	6,166	17.90	—	$70,365
Jan 1993	4,984	8,297	16.93	—	$84,379

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.

Jan 2001 — as filed, then multipliedworked

Oil                   82 bbl  × $ 27.47 =     $2,253
Casinghead gas     7,905 Mcf  × $  8.40 =    $66,392

────────────────────────────────────────────────────
Month total                                  $68,645

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/33636 is the state's own key, not one this site invented.