UNIVERSITY "B"

Operated by M & M PRODUCTION LTD. (P-5 518573) 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 37550District 08Field 59419664Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.0 M
Aug 2005 – Jan 2021
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
186
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
OilDisposition27,368 bbl$1,972,031
Casinghead gasProduction61 Mcf$404
Total$1,972,435

Wells on this lease (4)

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 32.3920, -102.4657. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.39158, -102.46673 · 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
100.0%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
5,000 ft
4 wells filed one
Completion to plug
31.3 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 4,937 and 5,079 ft, median 5,000 ft, over the 4 wells that filed a depth.

Completions filed
Feb 1988 – Jan 2008
4 of 4 wells
Plug dates filed
Jun 2020 – Oct 2020
4 of 4 wells

Last completion to plug: a median of 31.3 years across the 4 wells that filed both dates, with the middle half between 26.6 years and 31.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0031043045,079 ftJan 2008Jun 2020Yes
42-0033641625,000 ftJul 1989Oct 2020Yes
42-0033637935,000 ftJul 1989Oct 2020Yes
42-0033598314,937 ftFeb 1988Oct 2020Yes

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 (186)

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

186 months

Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 202089049.881.98$4,439
Jan 20200057.252.09$0
Dec 2019103059.012.30$6,078
Nov 20190055.302.75$0
Oct 2019108053.472.42$5,775
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 2019106056.272.46$5,965
Jun 2019104052.782.49$5,489
May 2019103058.482.74$6,023
Apr 2019102062.632.75$6,388
Mar 201996056.803.06$5,453
Feb 2019103050.852.79$5,238
Jan 20190046.033.23$0
Dec 201897046.594.19$4,519
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018113059.543.11$6,728
Aug 20180059.403.07$0
Jul 2018106065.142.93$6,905
Jun 2018109060.183.08$6,560
May 2018110065.382.90$7,192
Apr 2018101063.842.90$6,448
Mar 20180061.222.79$0
Feb 2018104061.782.77$6,425
Jan 2018111062.874.01$6,979
Dec 2017111057.272.92$6,357
Nov 2017103055.423.12$5,708
Oct 2017102049.292.98$5,028
Sep 2017108047.523.09$5,132
Aug 2017100045.373.00$4,537
Jul 2017109043.873.09$4,782
Jun 2017110042.493.09$4,674
May 2017106045.373.26$4,809
Apr 2017101047.933.21$4,841
Mar 2017201046.772.98$9,401
Feb 2017103050.452.95$5,196
Jan 2017102049.413.42$5,040
Dec 2016104048.763.72$5,071
Nov 2016100042.492.64$4,249
Oct 2016102046.193.09$4,711
Sep 2016103041.553.10$4,280
Aug 2016102041.442.92$4,227
Jul 201668041.622.92$2,830
Jun 2016101045.352.69$4,580
May 2016103042.521.99$4,380
Apr 2016207036.561.99$7,568
Mar 2016104033.011.79$3,433
Feb 2016101026.472.06$2,673
Jan 2016104027.352.36$2,844
Dec 2015103032.362.00$3,333
Nov 2015101038.792.17$3,918
Oct 2015102043.552.43$4,442
Sep 2015199042.992.76$8,555
Aug 2015101040.162.87$4,056
Jul 2015103048.152.95$4,959
Jun 2015203056.152.88$11,398
May 20150055.212.96$0
Apr 2015202049.822.71$10,064
Mar 2015105042.892.93$4,503
Feb 2015107044.662.98$4,779
Jan 2015206043.433.10$8,947
Dec 20140054.693.59$0
Nov 2014105070.464.25$7,398
Oct 2014204078.303.90$15,973
Sep 2014107086.164.05$9,219
Aug 2014208089.394.04$18,593
Jul 2014103096.564.18$9,946
Jun 2014114098.164.74$11,190
May 2014110094.734.73$10,420
Apr 2014103095.944.81$9,882
Mar 2014104095.895.06$9,973
Feb 2014202097.406.19$19,675
Jan 2014105090.404.86$9,492
Dec 2013106091.824.35$9,733
Nov 2013211088.853.74$18,747
Oct 2013103097.423.78$10,034
Sep 2013970104.113.72$10,099
Aug 20134050104.253.52$42,221
Jul 201300102.523.72$0
Jun 2013103094.403.93$9,723
May 20130094.834.15$0
Apr 2013419093.964.28$39,369
Mar 20130093.623.91$0
Feb 2013105091.233.42$9,579
Jan 20130091.603.42$0
Dec 2012105086.773.42$9,111
Nov 2012105086.953.62$9,130
Oct 20120089.383.40$0
Sep 2012102094.672.92$9,656
Aug 2012206092.662.91$19,088
Jul 2012103085.133.02$8,768
Jun 2012204079.822.52$16,283
May 2012104091.612.49$9,527
Apr 20122060101.652.00$20,940
Mar 20121050105.052.22$11,030
Feb 20121990101.102.57$20,119
Jan 2012204098.092.73$20,010
Dec 2011102096.873.24$9,881
Nov 2011199095.723.31$19,048
Oct 2011208084.983.65$17,676
Sep 2011104083.623.99$8,696
Aug 2011208083.404.15$17,347
Jul 2011207094.144.52$19,487
Jun 2011105092.904.64$9,755
May 2011209098.134.40$20,509
Apr 20111040105.964.33$11,020
Mar 2011208096.364.06$20,043
Feb 2011105085.644.18$8,992
Jan 2011102086.504.59$8,823
Dec 2010108185.734.35$9,263
Nov 2010202080.843.80$16,330
Oct 2010196178.103.51$15,311
Sep 2010196172.633.98$14,239
Aug 2010314173.684.42$23,140
Jul 2010101172.554.74$7,332
Jun 2010206170.364.91$14,499
May 2010105171.124.24$7,472
Apr 2010207181.694.12$16,914
Mar 2010212178.394.39$16,623
Feb 2010309173.585.44$22,742
Jan 2010206174.365.96$15,324
Dec 2009102171.445.48$7,292
Nov 2009208174.593.75$15,518
Oct 2009209172.544.11$15,165
Sep 2009213165.543.06$13,963
Aug 2009313167.423.22$21,106
Jul 200997161.133.46$5,933
Jun 2009320166.163.90$21,175
May 2009218154.743.93$11,937
Apr 2009325146.773.59$15,204
Mar 2009312142.144.06$13,152
Feb 2009211132.814.63$6,928
Jan 2009313135.865.37$11,230
Dec 2008313137.105.98$11,618
Nov 2008206155.496.86$11,438
Oct 2008325175.246.92$24,460
Sep 20082081101.767.88$21,174
Aug 20083141114.228.48$35,874
Jul 20083261131.0811.39$42,743
Jun 20083280131.3313.03$43,076
May 20082141123.1711.57$26,370
Apr 20083341110.3110.45$36,854
Mar 20083260101.909.66$33,219
Feb 2008330192.538.77$30,544
Jan 2008229190.388.21$20,705
Dec 2007331188.337.30$29,245
Nov 2007219191.677.29$20,083
Oct 2007213182.856.92$17,654
Sep 2007222175.846.24$16,843
Aug 2007309169.066.39$21,346
Jul 2007198170.906.39$14,045
Jun 2007307162.007.55$19,042
May 2007300158.747.85$17,630
Apr 2007212159.617.81$12,645
Mar 2007217156.927.30$12,359
Feb 2007317155.108.22$17,475
Jan 2007211150.306.73$10,620
Dec 2006106156.656.92$6,012
Nov 2006322154.207.62$17,460
Oct 2006196154.906.01$10,766
Sep 2006294160.085.04$17,669
Aug 2006205168.717.34$14,093
Jul 2006195169.376.34$13,533
Jun 2006191166.286.38$12,666
May 2006194166.016.42$12,812
Apr 2006258164.397.36$16,620
Mar 200687156.707.08$4,940
Feb 2006154157.597.75$8,877
Jan 2006158160.598.93$9,582
Dec 2005145154.9413.42$7,980
Nov 2005145154.6910.59$7,941
Oct 2005144158.3413.80$8,415
Sep 2005392161.4512.08$24,100
Aug 20050061.519.80$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.

Feb 2020 — as filed, then multipliedworked
Oil                   89 bbl  × $ 49.88 =     $4,439
Casinghead gas         0 Mcf  × $  1.98 =         $0

────────────────────────────────────────────────────
Month total                                   $4,439

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/37550 is the state's own key, not one this site invented.