UNIVERSITY "40"

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the MCFARLAND (QUEEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 36120District 08Field 59419664Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$3.4 M
Oct 1999 – May 2026
Value, last 12 filed months
$46 k
at the published price for each month
Months reported
320
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 36 leases and 620 wells, and the rule below applies to all of them.

Discovered
1955-05-08
as the register files it
Field class
Oil
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 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.

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
OilDisposition74,456 bbl$3,348,888
Casinghead gasProduction12,156 Mcf$62,897
Total$3,411,785

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 32.3904, -102.4445. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.39041, -102.44452 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
5,950 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
00.0%
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.
1100.0%

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 5,950 ft.

Completions filed
Oct 1999
1 of 1 wells

1 well

42-0033852315,950 ftOct 1999

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 (320)

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

320 months

May 202600106.413.05$0
Apr 202667098.932.87$6,628
Mar 202680089.753.15$7,180
Feb 20260063.503.75$0
Jan 202674059.138.00$4,376
Dec 202578056.664.41$4,419
Nov 202568058.593.93$3,984
Oct 202577059.383.30$4,572
Sep 202576062.743.08$4,768
Aug 202586063.933.01$5,498
Jul 20250066.743.32$0
Jun 202575066.483.13$4,986
May 2025105060.553.23$6,358
Apr 2025100062.363.54$6,236
Mar 2025121067.704.27$8,192
Feb 20250070.884.34$0
Jan 202593074.324.28$6,912
Dec 2024120068.993.12$8,279
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 202493069.612.36$6,474
Aug 202480075.632.06$6,050
Jul 202497079.932.15$7,753
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 202490084.451.66$7,601
Mar 202489080.301.55$7,147
Feb 202488076.091.78$6,696
Jan 202489073.023.30$6,499
Dec 20230071.262.61$0
Nov 202383077.892.81$6,465
Oct 202387085.443.09$7,433
Sep 202366089.042.74$5,877
Aug 20230080.522.67$0
Jul 202370074.852.64$5,240
Jun 202370068.962.26$4,827
May 20230070.622.23$0
Apr 202385078.122.24$6,640
Mar 20230072.852.39$0
Feb 202378075.112.47$5,859
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 202276085.005.65$6,460
Oct 202289087.185.86$7,759
Sep 20220084.888.16$0
Aug 202297094.529.13$9,168
Jul 20221060101.587.54$10,767
Jun 202200115.097.98$0
May 20221260109.378.43$13,781
Apr 20221260104.226.84$13,132
Mar 202200108.885.08$0
Feb 2022113091.054.86$10,289
Jan 20220081.844.54$0
Dec 202182071.323.90$5,848
Nov 202171077.435.24$5,498
Oct 20210079.795.71$0
Sep 202175069.865.35$5,240
Aug 202175066.024.22$4,952
Jul 202178070.783.98$5,521
Jun 20210069.493.38$0
May 2021107063.483.02$6,792
Apr 2021105060.362.76$6,338
Mar 202195061.302.72$5,824
Feb 202199057.805.55$5,722
Jan 202199050.412.81$4,991
Dec 20200044.642.68$0
Nov 202094038.772.71$3,644
Oct 20200036.972.48$0
Sep 202082037.091.99$3,041
Aug 202082039.982.39$3,278
Jul 202087038.371.83$3,338
Jun 202013034.901.69$454
May 20200016.921.81$0
Apr 202068014.751.80$1,003
Mar 202078030.341.86$2,367
Feb 202060049.881.98$2,993
Jan 20200057.252.09$0
Dec 201967059.012.30$3,954
Nov 201988055.302.75$4,866
Oct 201989053.472.42$4,759
Sep 201997055.052.66$5,340
Aug 20195053.112.30$266
Jul 201996056.272.46$5,402
Jun 201998052.782.49$5,172
May 2019112058.482.74$6,550
Apr 20192062.632.75$125
Mar 2019105056.803.06$5,964
Feb 2019103050.852.79$5,238
Jan 2019100046.033.23$4,603
Dec 201897046.594.19$4,519
Nov 20180052.934.24$0
Oct 2018105061.443.40$6,451
Sep 20180059.543.11$0
Aug 2018106059.403.07$6,296
Jul 2018111065.142.93$7,231
Jun 2018106060.183.08$6,379
May 2018112065.382.90$7,323
Apr 20180063.842.90$0
Mar 2018108061.222.79$6,612
Feb 2018103061.782.77$6,363
Jan 2018103562.874.01$6,496
Dec 20170757.272.92$20
Nov 2017111955.423.12$6,180
Oct 2017109449.292.98$5,385
Sep 2017103347.523.09$4,904
Aug 20170145.373.00$3
Jul 2017103043.873.09$4,519
Jun 2017103042.493.09$4,376
May 2017101345.373.26$4,592
Apr 201799847.933.21$4,771
Mar 201792346.772.98$4,312
Feb 201779550.452.95$4,000
Jan 201701449.413.42$48
Dec 20161821048.763.72$8,912
Nov 20160442.492.64$11
Oct 2016822046.193.09$3,849
Sep 2016631641.553.10$2,667
Aug 201659441.442.92$2,457
Jul 20161202041.622.92$5,053
Jun 20160445.352.69$11
May 2016841942.521.99$3,610
Apr 2016102036.561.99$3,729
Mar 2016111033.011.79$3,664
Feb 201693426.472.06$2,470
Jan 201689627.352.36$2,448
Dec 2015792032.362.00$2,596
Nov 201599938.792.17$3,860
Oct 20151001943.552.43$4,401
Sep 20151041242.992.76$4,504
Aug 2015981340.162.87$3,973
Jul 201599948.152.95$4,793
Jun 20151921256.152.88$10,815
May 201501655.212.96$47
Apr 2015891449.822.71$4,472
Mar 20152051542.892.93$8,836
Feb 20151031644.662.98$4,648
Jan 20151051143.433.10$4,594
Dec 2014104954.693.59$5,720
Nov 2014101970.464.25$7,155
Oct 201451878.303.90$462
Sep 2014105686.164.05$9,071
Aug 2014228489.394.04$20,397
Jul 20141103496.564.18$10,764
Jun 20141113098.164.74$11,038
May 2014113694.734.73$10,733
Apr 20141111195.944.81$10,702
Mar 2014106595.895.06$10,190
Feb 2014110397.406.19$10,733
Jan 2014209290.404.86$18,903
Dec 201397791.824.35$8,937
Nov 2013851088.853.74$7,590
Oct 2013991297.423.78$9,690
Sep 20131245104.113.72$12,928
Aug 20132325104.253.52$24,204
Jul 201311312102.523.72$11,629
Jun 20131151094.403.93$10,895
May 20131101394.834.15$10,485
Apr 20131051093.964.28$9,909
Mar 2013981393.623.91$9,226
Feb 2013200791.233.42$18,270
Jan 201384791.603.42$7,718
Dec 201289686.773.42$7,743
Nov 2012103686.953.62$8,978
Oct 201294989.383.40$8,432
Sep 2012214694.672.92$20,277
Aug 2012101792.662.91$9,379
Jul 2012186785.133.02$15,855
Jun 201287679.822.52$6,959
May 20121641291.612.49$15,054
Apr 20129710101.652.00$9,880
Mar 20121933105.052.22$20,281
Feb 20129518101.102.57$9,651
Jan 20121042498.092.73$10,267
Dec 2011891496.873.24$8,667
Nov 2011177295.723.31$16,949
Oct 201192884.983.65$7,847
Sep 201193883.623.99$7,809
Aug 2011991683.404.15$8,323
Jul 2011202994.144.52$19,057
Jun 20110592.904.64$23
May 2011105498.134.40$10,321
Apr 20111809105.964.33$19,112
Mar 201189996.364.06$8,613
Feb 201188685.644.18$7,561
Jan 2011175386.504.59$15,151
Dec 201086585.734.35$7,395
Nov 2010187780.843.80$15,144
Oct 2010921278.103.51$7,227
Sep 2010183972.633.98$13,327
Aug 201091773.684.42$6,736
Jul 2010167172.554.74$12,121
Jun 201080670.364.91$5,658
May 2010210771.124.24$14,965
Apr 201001581.694.12$62
Mar 20101552178.394.39$12,243
Feb 201001873.585.44$98
Jan 20102131874.365.96$15,946
Dec 200901971.445.48$104
Nov 20091471174.593.75$11,006
Oct 200970272.544.11$5,086
Sep 20091651965.543.06$10,872
Aug 2009842767.423.22$5,750
Jul 20091713561.133.46$10,574
Jun 2009953066.163.90$6,402
May 20091822754.743.93$10,069
Apr 20091892246.773.59$8,918
Mar 20091782642.144.06$7,606
Feb 20091812232.814.63$6,041
Jan 20091862735.865.37$6,815
Dec 20082472237.105.98$9,295
Nov 20081782055.496.86$10,014
Oct 200803075.246.92$208
Sep 200820323101.767.88$20,838
Aug 200820414114.228.48$23,420
Jul 2008060131.0811.39$683
Jun 200822324131.3313.03$29,599
May 200848064123.1711.57$59,862
Apr 2008061110.3110.45$638
Mar 200826962101.909.66$28,010
Feb 20082926992.538.77$27,624
Jan 20083058390.388.21$28,247
Dec 20073074188.337.30$27,417
Nov 20073114791.677.29$28,852
Oct 20073096282.856.92$26,030
Sep 200705875.846.24$362
Aug 20072966269.066.39$20,838
Jul 20075826070.906.39$41,647
Jun 20072963862.007.55$18,639
May 20072903058.747.85$17,270
Apr 200702859.617.81$219
Mar 20072512756.927.30$14,484
Feb 20072515255.108.22$14,257
Jan 20072302550.306.73$11,737
Dec 2006230856.656.92$13,085
Nov 20062163354.207.62$11,959
Oct 20062152854.906.01$11,972
Sep 20062124560.085.04$12,964
Aug 20062094868.717.34$14,713
Jul 20064224769.376.34$29,572
Jun 20062095566.286.38$14,204
May 20062036066.016.42$13,786
Apr 20061865964.397.36$12,411
Mar 20061765856.707.08$10,390
Feb 20062024657.597.75$11,990
Jan 20064446360.598.93$27,465
Dec 20052423554.9413.42$13,765
Nov 20052415154.6910.59$13,720
Oct 20054797058.3413.80$28,911
Sep 20052488061.4512.08$16,206
Aug 200551912761.519.80$33,168
Jul 200527011155.697.84$15,907
Jun 20052828252.337.38$15,362
May 20052668345.226.65$12,581
Apr 20055235749.207.36$26,151
Mar 20052528750.377.15$13,316
Feb 20052346545.226.31$10,992
Jan 200523511343.166.32$10,857
Dec 20044545439.866.75$18,461
Nov 20042418345.286.33$11,438
Oct 200447018649.706.52$24,571
Sep 200425613543.245.28$11,783
Aug 200444316242.375.55$19,669
Jul 200445217338.286.08$18,355
Jun 200447717136.106.43$18,320
May 200422617737.486.49$9,620
Apr 200448316334.475.86$17,604
Mar 200424713434.365.53$9,228
Feb 20045068132.455.51$16,866
Jan 20044999632.036.30$16,588
Dec 20034848230.266.30$15,163
Nov 20032057928.804.60$6,267
Oct 200341311628.174.76$12,186
Sep 20034469826.314.75$12,200
Aug 200346615529.765.13$14,663
Jul 200345815829.415.17$14,287
Jun 200341417428.565.98$12,865
May 200343114426.595.97$12,320
Apr 200339712226.675.41$11,248
Mar 200365110831.146.10$20,931
Feb 20034469033.487.93$15,645
Jan 20034009630.315.58$12,660
Dec 20025847726.914.85$16,089
Nov 200238410124.664.14$9,887
Oct 200240016026.464.23$11,261
Sep 200262116727.443.64$17,647
Aug 200242918225.963.16$11,713
Jul 200260816824.583.06$15,459
Jun 200261118523.733.34$15,117
May 200265018524.663.58$16,692
Apr 200252415323.653.51$12,930
Mar 200256912422.003.10$12,903
Feb 20025248918.222.38$9,759
Jan 200248610517.172.38$8,594
Dec 200167111016.932.36$11,620
Nov 200170112118.072.41$12,958
Oct 200155615819.782.53$11,397
Sep 200184716224.262.25$20,913
Aug 200169017024.873.05$17,679
Jul 200161421723.933.20$15,387
Jun 200160918424.563.82$15,661
May 20017111425.524.31$18,205
Apr 20018378424.685.34$21,105
Mar 200197810324.545.38$24,554
Feb 20017668027.755.77$21,718
Jan 200195710027.478.40$27,129
Dec 20001,0439726.889.12$28,921
Nov 20001,0619732.215.66$34,724
Oct 200092815031.235.15$29,753
Sep 20001,10315031.875.19$35,931
Aug 20001,10815529.644.54$33,545
Jul 20001,11415528.534.09$32,416
Jun 20001,29215029.304.40$38,515
May 20001,48815527.263.68$41,133
Apr 20001,65215024.513.12$40,958
Mar 20002,22615528.422.86$63,706
Feb 20001,30814527.622.73$36,522
Jan 20001,48614525.272.48$37,911
Dec 19991,66115524.282.42$40,705
Nov 199984015023.192.43$19,845
Oct 19997315520.982.80$1,966

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.

Apr 2026 — as filed, then multipliedworked
Oil                   67 bbl  × $ 98.93 =     $6,628
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $6,628

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/36120 is the state's own key, not one this site invented.