UNIVERSITY

Name: UNIVERSITY lease production and value, Aug 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PECOS OPERATING COMPANY, LLC (P-5 649245) in the GOLDSMITH (5600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 35151District 08Field 35652868Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$570 k

Aug 1996 – Apr 2008

Value, last 12 filed months

at the published price for each month

Months reported

141

no gaps in the span

Streams

oil, casinghead gas

The GOLDSMITH (5600) 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 157 leases and 1,575 wells, and the rule below applies to all of them.

Discovered

1947-10-26

as the register files it

Field class

Oil and gas

the register's own label

Between wells

850 ft

minimum

From a lease line

555 ft

minimum

A drilling unit in this field needs at least 20 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.

The Commission's schedule remark for this field reads: “INTO THE GOLDSMITH (CLEAR FORK) FIELD.”

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	14,354 bbl	$351,606
Casinghead gas	Production	59,413 Mcf	$218,079
Total			$569,685

5,295 Mcf of this lease's gas, across 5 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 32.1013, -102.7605. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.10130, -102.76054 · 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

8,150 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 8,150 ft.

Completions filed

Mar 2022

1 of 1 wells

1 well


42-00333334	1	8,150 ft	Mar 2022	—	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 (141)

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

141 months


Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	290	265	54.90	6.01	$17,515
Sep 2006	0	257	60.08	5.04	$1,295
Aug 2006	1	301	68.71	7.34	$2,278
Jul 2006	0	310	69.37	6.34	$1,966
Jun 2006	0	260	66.28	6.38	$1,660
May 2006	175	311	66.01	6.42	$13,550
Apr 2006	0	272	64.39	7.36	$2,002
Mar 2006	1	316	56.70	7.08	$2,295
Feb 2006	167	252	57.59	7.75	$11,571
Jan 2006	2	302	60.59	8.93	$2,819
Dec 2005	0	235	54.94	13.42	$3,153
Nov 2005	172	307	54.69	10.59	$12,657
Oct 2005	2	318	58.34	13.80	$4,504
Sep 2005	2	215	61.45	12.08	$2,720
Aug 2005	1	321	61.51	9.80	$3,206
Jul 2005	1	322	55.69	7.84	$2,581
Jun 2005	163	295	52.33	7.38	$10,707
May 2005	0	318	45.22	6.65	$2,115
Apr 2005	0	310	49.20	7.36	$2,282
Mar 2005	178	278	50.37	7.15	$10,955
Feb 2005	0	233	45.22	6.31	$1,471
Jan 2005	0	282	43.16	6.32	$1,783
Dec 2004	0	303	39.86	6.75	$2,046
Nov 2004	164	318	45.28	6.33	$9,439
Oct 2004	0	294	49.70	6.52	$1,915
Sep 2004	0	311	43.24	5.28	$1,643
Aug 2004	158	330	42.37	5.55	$8,526
Jul 2004	0	334	38.28	6.08	$2,032
Jun 2004	149	329	36.10	6.43	$7,495
May 2004	0	362	37.48	6.49	$2,351
Apr 2004	0	333	34.47	5.86	$1,951
Mar 2004	155	352	34.36	5.53	$7,272
Feb 2004	0	296	32.45	5.51	$1,631
Jan 2004	181	311	32.03	6.30	$7,757
Dec 2003	0	327	30.26	6.30	$2,061
Nov 2003	0	323	28.80	4.60	$1,484
Oct 2003	182	351	28.17	4.76	$6,798
Sep 2003	0	310	26.31	4.75	$1,472
Aug 2003	0	341	29.76	5.13	$1,749
Jul 2003	179	352	29.41	5.17	$7,085
Jun 2003	0	342	28.56	5.98	$2,046
May 2003	181	354	26.59	5.97	$6,927
Apr 2003	0	336	26.67	5.41	$1,817
Mar 2003	0	349	31.14	6.10	$2,128
Feb 2003	179	309	33.48	7.93	$8,442
Jan 2003	0	342	30.31	5.58	$1,909
Dec 2002	182	358	26.91	4.85	$6,635
Nov 2002	0	344	24.66	4.14	$1,423
Oct 2002	0	372	26.46	4.23	$1,573
Sep 2002	184	381	27.44	3.64	$6,434
Aug 2002	181	282	25.96	3.16	$5,591
Jul 2002	0	145	24.58	3.06	$444
Jun 2002	0	14	23.73	3.34	$47
May 2002	0	201	24.66	3.58	$720
Apr 2002	0	404	23.65	3.51	$1,419
Mar 2002	177	368	22.00	3.10	$5,036
Feb 2002	0	375	18.22	2.38	$891
Jan 2002	183	424	17.17	2.38	$4,149
Dec 2001	0	426	16.93	2.36	$1,007
Nov 2001	0	410	18.07	2.41	$986
Oct 2001	178	452	19.78	2.53	$4,664
Sep 2001	0	445	24.26	2.25	$1,002
Aug 2001	177	474	24.87	3.05	$5,849
Jul 2001	0	493	23.93	3.20	$1,576
Jun 2001	0	492	24.56	3.82	$1,881
May 2001	175	511	25.52	4.31	$6,667
Apr 2001	0	437	24.68	5.34	$2,332
Mar 2001	178	505	24.54	5.38	$7,083
Feb 2001	0	445	27.75	5.77	$2,566
Jan 2001	185	510	27.47	8.40	$9,365
Dec 2000	0	506	26.88	9.12	$4,616
Nov 2000	179	513	32.21	5.66	$8,668
Oct 2000	0	541	31.23	5.15	$2,784
Sep 2000	179	539	31.87	5.19	$8,500
Aug 2000	0	569	29.64	4.54	$2,584
Jul 2000	180	581	28.53	4.09	$7,512
Jun 2000	0	576	29.30	4.40	$2,533
May 2000	177	523	27.26	3.68	$6,750
Apr 2000	180	580	24.51	3.12	$6,219
Mar 2000	0	583	28.42	2.86	$1,667
Feb 2000	181	536	27.62	2.73	$6,461
Jan 2000	171	559	25.27	2.48	$5,708
Dec 1999	180	573	24.28	2.42	$5,759
Nov 1999	179	566	23.19	2.43	$5,529
Oct 1999	169	588	20.98	2.80	$5,194
Sep 1999	1	403	21.75	2.62	$1,077
Aug 1999	0	210	19.26	2.88	$604
Jul 1999	1	413	17.89	2.37	$998
Jun 1999	179	505	15.94	2.36	$4,046
May 1999	167	597	15.79	2.32	$4,023
Apr 1999	0	568	15.10	2.21	$1,254
Mar 1999	347	573	12.47	1.84	$5,380
Feb 1999	0	509	9.98	1.82	$925
Jan 1999	179	553	10.38	1.90	$2,909
Dec 1998	363	587	9.20	1.77	$4,381
Nov 1998	356	706	10.89	2.19	$5,420
Oct 1998	171	294	12.42	1.97	$2,703
Sep 1998	1	318	12.59	2.08	$675
Aug 1998	171	406	11.30	1.91	$2,707
Jul 1998	0	437	11.74	2.24	$978
Jun 1998	0	453	11.24	2.24	$1,013
May 1998	1	665	12.62	2.21	$1,480
Apr 1998	177	706	13.04	2.51	$4,077
Mar 1998	175	734	12.80	2.31	$3,935
Feb 1998	183	660	13.95	2.30	$4,070
Jan 1998	181	753	14.70	2.15	$4,283
Dec 1997	180	779	16.32	2.41	$4,816
Nov 1997	182	788	18.19	3.09	$5,744
Oct 1997	176	688	19.25	3.15	$5,555
Sep 1997	179	868	17.74	2.95	$5,740
Aug 1997	183	958	17.86	2.55	$5,716
Jul 1997	313	1,016	17.58	2.25	$7,785
Jun 1997	293	991	17.24	2.26	$7,288
May 1997	182	973	18.97	2.31	$5,699
Apr 1997	335	1,189	17.88	2.08	$8,466
Mar 1997	349	1,360	18.95	1.94	$9,251
Feb 1997	505	808	20.49	2.21	$12,130
Jan 1997	170	860	23.48	3.54	$7,036
Dec 1996	530	1,057	23.32	—	$12,360
Nov 1996	508	1,785	21.97	—	$11,161
Oct 1996	864	1,768	23.31	—	$20,140
Sep 1996	494	611	22.22	—	$10,977
Aug 1996	0	74	20.26	—	$0

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.

Oct 2006 — as filed, then multipliedworked

Oil                  290 bbl  × $ 54.90 =    $15,921
Casinghead gas       265 Mcf  × $  6.01 =     $1,594

────────────────────────────────────────────────────
Month total                                  $17,515

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/35151 is the state's own key, not one this site invented.