UNIVERSITY -3-

Name: UNIVERSITY -3- lease production and value, Aug 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WHITING OIL AND GAS CORPORATION (P-5 920478) in the MARTIN (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34270District 08Field 57774581Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.5 M

Aug 1994 – Dec 2010

Value, last 12 filed months

$46 k

at the published price for each month

Months reported

197

no gaps in the span

Streams

oil, casinghead gas

The MARTIN (SAN ANDRES) 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 16 leases and 37 wells, and the rule below applies to all of them.

Discovered

1945-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2006-05-16.

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: “INTO MARTIN (CONSOLIDATED) EFFECTIVE 6/22/2010.”

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	22,260 bbl	$762,875
Casinghead gas	Production	143,557 Mcf	$691,239
Total			$1,454,113

20,125 Mcf of this lease's gas, across 26 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 32.1814, -102.7851. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.18139, -102.78506 · 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

6,818 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 6,818 ft.

Completions filed

Aug 1994

1 of 1 wells

1 well


42-00311048	1	6,818 ft	Aug 1994	—	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 (197)

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

197 months


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	15	0	70.36	4.91	$1,055
May 2010	88	588	71.12	4.24	$8,749
Apr 2010	75	527	81.69	4.12	$8,299
Mar 2010	80	578	78.39	4.39	$8,808
Feb 2010	76	529	73.58	5.44	$8,471
Jan 2010	89	608	74.36	5.96	$10,244
Dec 2009	90	621	71.44	5.48	$9,835
Nov 2009	97	575	74.59	3.75	$9,392
Oct 2009	82	606	72.54	4.11	$8,439
Sep 2009	83	609	65.54	3.06	$7,306
Aug 2009	109	638	67.42	3.22	$9,402
Jul 2009	86	618	61.13	3.46	$7,398
Jun 2009	76	636	66.16	3.90	$7,505
May 2009	88	665	54.74	3.93	$7,428
Apr 2009	96	692	46.77	3.59	$6,972
Mar 2009	88	641	42.14	4.06	$6,310
Feb 2009	95	582	32.81	4.63	$5,813
Jan 2009	77	385	35.86	5.37	$4,829
Dec 2008	86	863	37.10	5.98	$8,349
Nov 2008	98	780	55.49	6.86	$10,789
Oct 2008	78	722	75.24	6.92	$10,866
Sep 2008	81	577	101.76	7.88	$12,788
Aug 2008	90	822	114.22	8.48	$17,253
Jul 2008	128	792	131.08	11.39	$25,799
Jun 2008	118	762	131.33	13.03	$25,428
May 2008	101	775	123.17	11.57	$21,410
Apr 2008	11	0	110.31	10.45	$1,213
Mar 2008	85	570	101.90	9.66	$14,170
Feb 2008	74	749	92.53	8.77	$13,416
Jan 2008	86	861	90.38	8.21	$14,838
Dec 2007	88	752	88.33	7.30	$13,264
Nov 2007	87	796	91.67	7.29	$13,779
Oct 2007	96	837	82.85	6.92	$13,747
Sep 2007	78	703	75.84	6.24	$10,305
Aug 2007	86	839	69.06	6.39	$11,299
Jul 2007	89	847	70.90	6.39	$11,721
Jun 2007	99	803	62.00	7.55	$12,199
May 2007	80	820	58.74	7.85	$11,133
Apr 2007	92	769	59.61	7.81	$11,486
Mar 2007	89	805	56.92	7.30	$10,944
Feb 2007	86	791	55.10	8.22	$11,237
Jan 2007	100	1,261	50.30	6.73	$13,513
Dec 2006	80	1,027	56.65	6.92	$11,637
Nov 2006	55	482	54.20	7.62	$6,653
Oct 2006	40	839	54.90	6.01	$7,242
Sep 2006	67	790	60.08	5.04	$8,005
Aug 2006	74	974	68.71	7.34	$12,234
Jul 2006	65	1,293	69.37	6.34	$12,710
Jun 2006	90	1,196	66.28	6.38	$13,600
May 2006	126	1,066	66.01	6.42	$15,166
Apr 2006	123	1,004	64.39	7.36	$15,310
Mar 2006	104	976	56.70	7.08	$12,810
Feb 2006	75	900	57.59	7.75	$11,295
Jan 2006	92	1,028	60.59	8.93	$14,758
Dec 2005	128	1,014	54.94	13.42	$20,636
Nov 2005	160	1,089	54.69	10.59	$20,281
Oct 2005	87	1,117	58.34	13.80	$20,485
Sep 2005	75	876	61.45	12.08	$15,190
Aug 2005	70	1,079	61.51	9.80	$14,876
Jul 2005	73	1,075	55.69	7.84	$12,497
Jun 2005	69	1,004	52.33	7.38	$11,021
May 2005	95	1,057	45.22	6.65	$11,326
Apr 2005	69	813	49.20	7.36	$9,379
Mar 2005	143	1,002	50.37	7.15	$14,372
Feb 2005	43	944	45.22	6.31	$7,903
Jan 2005	61	1,063	43.16	6.32	$9,353
Dec 2004	47	1,070	39.86	6.75	$9,097
Nov 2004	58	995	45.28	6.33	$8,925
Oct 2004	52	1,049	49.70	6.52	$9,419
Sep 2004	52	1,042	43.24	5.28	$7,754
Aug 2004	137	1,099	42.37	5.55	$11,905
Jul 2004	196	984	38.28	6.08	$13,490
Jun 2004	72	1,025	36.10	6.43	$9,193
May 2004	124	1,076	37.48	6.49	$11,636
Apr 2004	123	1,053	34.47	5.86	$10,409
Mar 2004	147	1,038	34.36	5.53	$10,791
Feb 2004	107	995	32.45	5.51	$8,954
Jan 2004	151	1,076	32.03	6.30	$11,615
Dec 2003	173	1,536	30.26	6.30	$14,914
Nov 2003	69	1,434	28.80	4.60	$8,577
Oct 2003	112	1,450	28.17	4.76	$10,057
Sep 2003	86	1,410	26.31	4.75	$8,959
Aug 2003	84	1,469	29.76	5.13	$10,035
Jul 2003	85	1,436	29.41	5.17	$9,925
Jun 2003	96	1,415	28.56	5.98	$11,208
May 2003	330	1,787	26.59	5.97	$19,448
Apr 2003	299	1,824	26.67	5.41	$17,837
Mar 2003	374	1,908	31.14	6.10	$23,278
Feb 2003	280	1,752	33.48	7.93	$23,261
Jan 2003	286	2,097	30.31	5.58	$20,374
Dec 2002	418	2,050	26.91	4.85	$21,199
Nov 2002	295	1,978	24.66	4.14	$15,458
Oct 2002	245	2,048	26.46	4.23	$15,144
Sep 2002	293	2,258	27.44	3.64	$16,248
Aug 2002	276	1,545	25.96	3.16	$12,054
Jul 2002	304	2,358	24.58	3.06	$14,692
Jun 2002	314	2,319	23.73	3.34	$15,193
May 2002	431	2,126	24.66	3.58	$18,248
Apr 2002	657	2,683	23.65	3.51	$24,962
Mar 2002	566	2,548	22.00	3.10	$20,358
Feb 2002	506	3,219	18.22	2.38	$16,867
Jan 2002	577	1,618	17.17	2.38	$13,751
Dec 2001	449	1,079	16.93	2.36	$10,153
Nov 2001	149	823	18.07	2.41	$4,672
Oct 2001	48	462	19.78	2.53	$2,118
Sep 2001	39	416	24.26	2.25	$1,883
Aug 2001	41	114	24.87	3.05	$1,368
Jul 2001	38	53	23.93	3.20	$1,079
Jun 2001	42	53	24.56	3.82	$1,234
May 2001	41	54	25.52	4.31	$1,279
Apr 2001	46	52	24.68	5.34	$1,413
Mar 2001	47	58	24.54	5.38	$1,465
Feb 2001	45	53	27.75	5.77	$1,554
Jan 2001	48	54	27.47	8.40	$1,772
Dec 2000	47	53	26.88	9.12	$1,747
Nov 2000	42	52	32.21	5.66	$1,647
Oct 2000	52	55	31.23	5.15	$1,907
Sep 2000	51	56	31.87	5.19	$1,916
Aug 2000	53	57	29.64	4.54	$1,830
Jul 2000	50	56	28.53	4.09	$1,656
Jun 2000	49	55	29.30	4.40	$1,678
May 2000	45	47	27.26	3.68	$1,400
Apr 2000	43	54	24.51	3.12	$1,222
Mar 2000	46	58	28.42	2.86	$1,473
Feb 2000	23	27	27.62	2.73	$709
Jan 2000	28	29	25.27	2.48	$779
Dec 1999	29	28	24.28	2.42	$772
Nov 1999	26	28	23.19	2.43	$671
Oct 1999	30	28	20.98	2.80	$708
Sep 1999	27	27	21.75	2.62	$658
Aug 1999	25	28	19.26	2.88	$562
Jul 1999	26	28	17.89	2.37	$532
Jun 1999	25	27	15.94	2.36	$462
May 1999	24	29	15.79	2.32	$446
Apr 1999	37	28	15.10	2.21	$621
Mar 1999	26	29	12.47	1.84	$378
Feb 1999	28	26	9.98	1.82	$327
Jan 1999	30	25	10.38	1.90	$359
Dec 1998	28	25	9.20	1.77	$302
Nov 1998	59	23	10.89	2.19	$693
Oct 1998	50	18	12.42	1.97	$656
Sep 1998	48	20	12.59	2.08	$646
Aug 1998	48	22	11.30	1.91	$584
Jul 1998	24	0	11.74	2.24	$282
Jun 1998	22	0	11.24	2.24	$247
May 1998	24	0	12.62	2.21	$303
Apr 1998	22	0	13.04	2.51	$287
Mar 1998	33	0	12.80	2.31	$422
Feb 1998	68	936	13.95	2.30	$3,101
Jan 1998	85	803	14.70	2.15	$2,980
Dec 1997	75	736	16.32	2.41	$2,999
Nov 1997	107	1,054	18.19	3.09	$5,201
Oct 1997	30	768	19.25	3.15	$2,997
Sep 1997	33	843	17.74	2.95	$3,076
Aug 1997	80	259	17.86	2.55	$2,090
Jul 1997	88	291	17.58	2.25	$2,201
Jun 1997	87	363	17.24	2.26	$2,319
May 1997	86	302	18.97	2.31	$2,329
Apr 1997	74	296	17.88	2.08	$1,940
Mar 1997	82	342	18.95	1.94	$2,217
Feb 1997	72	601	20.49	2.21	$2,801
Jan 1997	88	657	23.48	3.54	$4,392
Dec 1996	101	598	23.32	—	$2,355
Nov 1996	112	727	21.97	—	$2,461
Oct 1996	108	709	23.31	—	$2,517
Sep 1996	101	783	22.22	—	$2,244
Aug 1996	89	766	20.26	—	$1,803
Jul 1996	80	651	19.55	—	$1,564
Jun 1996	76	746	18.73	—	$1,423
May 1996	81	847	19.43	—	$1,574
Apr 1996	81	0	21.51	—	$1,742
Mar 1996	86	838	19.38	—	$1,667
Feb 1996	84	817	16.98	—	$1,426
Jan 1996	91	824	17.07	—	$1,553
Dec 1995	84	848	17.19	—	$1,444
Nov 1995	81	734	16.00	—	$1,296
Oct 1995	92	911	15.43	—	$1,420
Sep 1995	80	761	16.18	—	$1,294
Aug 1995	107	760	15.92	—	$1,703
Jul 1995	260	662	15.24	—	$3,962
Jun 1995	271	500	16.41	—	$4,447
May 1995	303	671	17.56	—	$5,321
Apr 1995	317	661	17.73	—	$5,620
Mar 1995	310	604	16.44	—	$5,096
Feb 1995	266	482	16.58	—	$4,410
Jan 1995	325	580	15.92	—	$5,174
Dec 1994	330	605	15.03	—	$4,960
Nov 1994	287	2,201	15.90	—	$4,563
Oct 1994	327	839	15.58	—	$5,095
Sep 1994	234	0	15.29	—	$3,578
Aug 1994	106	0	16.13	—	$1,710

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 2010 — as filed, then multipliedworked

Oil                   15 bbl  × $ 70.36 =     $1,055
Casinghead gas         0 Mcf  × $  4.91 =         $0

────────────────────────────────────────────────────
Month total                                   $1,055

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/34270 is the state's own key, not one this site invented.