UNIVERSITY 1-16

Operated by WILBANKS RESERVE CORPORATION (P-5 923105) in the ANDREWS, SOUTH (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 37729District 08Field 02730284Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$8.2 M
Aug 2005 – Aug 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
181
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 50 leases and 87 wells, and the rule below applies to all of them.

Discovered
1953-06-25
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2017-05-10.

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: 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.

StreamBasisVolumeValue
OilDisposition47,833 bbl$3,483,912
Casinghead gasProduction848,373 Mcf$4,678,983
Total$8,162,895

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 32.2119, -102.4925. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.21186, -102.49254 · 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%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,773 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 10,773 ft.

Completions filed
Aug 2005
1 of 1 wells

1 well

42-00339540110,773 ftAug 2005Yes

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 (181)

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

181 months

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 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20172813,40055.423.12$26,175
Oct 20171813,47449.292.98$19,287
Sep 20171792,80947.523.09$17,178
Aug 20171743,49845.373.00$18,404
Jul 20171743,46643.873.09$18,334
Jun 201703,39242.493.09$10,472
May 20171903,43545.373.26$19,830
Apr 20171803,47347.933.21$19,781
Mar 20171903,57846.772.98$19,562
Feb 201703,27550.452.95$9,670
Jan 20171793,59349.413.42$21,128
Dec 20161793,55348.763.72$21,955
Nov 20161793,62642.492.64$17,194
Oct 20161812,75846.193.09$16,883
Sep 20161793,45941.553.10$18,163
Aug 201603,47441.442.92$10,159
Jul 20161793,61841.622.92$18,030
Jun 20161803,65545.352.69$17,980
May 20161773,69742.521.99$14,887
Apr 20161793,66136.561.99$13,833
Mar 201603,72933.011.79$6,690
Feb 20161863,63626.472.06$12,427
Jan 20161793,90227.352.36$14,121
Dec 20151773,36632.362.00$12,464
Nov 201503,37438.792.17$7,313
Oct 20151793,62743.552.43$16,597
Sep 20151793,73342.992.76$17,992
Aug 201501,84040.162.87$5,285
Jul 20152874,57348.152.95$27,287
Jun 20151744,58456.152.88$22,985
May 20151784,74155.212.96$23,839
Apr 20154654,79049.822.71$36,131
Mar 20151784,72542.892.93$21,501
Feb 20151794,50044.662.98$21,387
Jan 20151794,42443.433.10$21,491
Dec 20141823,89154.693.59$23,928
Nov 20143335,10170.464.25$45,152
Oct 20143096,01778.303.90$47,667
Sep 201401,34186.164.05$5,425
Aug 201402,39489.394.04$9,660
Jul 20143215,07196.564.18$52,191
Jun 20141865,00598.164.74$41,966
May 20143495,54694.734.73$59,274
Apr 20141875,37295.944.81$43,775
Mar 20141802,31295.895.06$28,952
Feb 20143644,39397.406.19$62,655
Jan 201402,44590.404.86$11,884
Dec 20132764,60591.824.35$45,395
Nov 20133404,95288.853.74$48,721
Oct 20131844,95897.423.78$36,663
Sep 20131845,430104.113.72$39,344
Aug 20133654,791104.253.52$54,928
Jul 20131844,286102.523.72$34,798
Jun 20133595,04094.403.93$53,714
May 20131875,16394.834.15$39,155
Apr 20133744,81993.964.28$55,779
Mar 20133675,36993.623.91$55,367
Feb 20133705,00491.233.42$50,868
Jan 20131824,45591.603.42$31,907
Dec 20123665,30186.773.42$49,888
Nov 20123635,22286.953.62$50,492
Oct 20123494,67189.383.40$47,074
Sep 20123505,20794.672.92$48,331
Aug 20123125,39192.662.91$44,588
Jul 20123035,44885.133.02$42,252
Jun 20123455,22179.822.52$40,690
May 20125085,65891.612.49$60,617
Apr 20123625,346101.652.00$47,472
Mar 20123395,822105.052.22$48,549
Feb 20123495,637101.102.57$49,772
Jan 20123596,20298.092.73$52,171
Dec 20115537,09196.873.24$76,542
Nov 20111512,70295.723.31$23,401
Oct 20115076,06684.983.65$65,217
Sep 20113215,73483.623.99$49,697
Aug 20113545,45683.404.15$52,162
Jul 20111555,10294.144.52$37,639
Jun 20113465,75492.904.64$58,841
May 20113586,31398.134.40$62,938
Apr 20113605,228105.964.33$60,800
Mar 20113305,71096.364.06$54,966
Feb 20113535,26885.644.18$52,251
Jan 20113276,27586.504.59$57,080
Dec 20102506,33885.734.35$48,989
Nov 20103506,18280.843.80$51,757
Oct 20104316,19678.103.51$55,402
Sep 20103265,92472.633.98$47,252
Aug 20103156,44073.684.42$51,670
Jul 20103466,54672.554.74$56,107
Jun 20104816,18370.364.91$64,204
May 20103596,45071.124.24$52,849
Apr 20101795,53181.694.12$37,425
Mar 20104435,63178.394.39$59,439
Feb 20103285,53073.585.44$54,230
Jan 20102716,16574.365.96$56,920
Dec 20094786,27771.445.48$68,570
Nov 20092746,68974.593.75$45,531
Oct 20091442,90972.544.11$22,402
Sep 20092826,10365.543.06$37,186
Aug 20093076,51367.423.22$41,660
Jul 20093356,98961.133.46$44,692
Jun 20094456,75466.163.90$55,748
May 20091785,07154.743.93$29,651
Apr 20093116,53946.773.59$38,004
Mar 20093976,92442.144.06$44,834
Feb 20092956,72532.814.63$40,836
Jan 20093164,92835.865.37$37,800
Dec 20083217,64937.105.98$57,628
Nov 20084417,54555.496.86$76,233
Oct 20085068,11075.246.92$94,209
Sep 20081825,214101.767.88$59,591
Aug 20083307,808114.228.48$103,928
Jul 20083537,115131.0811.39$127,307
Jun 20083386,741131.3313.03$132,243
May 20084627,842123.1711.57$147,670
Apr 20083358,470110.3110.45$125,507
Mar 20083455,896101.909.66$92,135
Feb 20083447,58392.538.77$98,338
Jan 20081714,05090.388.21$48,688
Dec 20074869,31588.337.30$110,946
Nov 20073128,78691.677.29$92,666
Oct 200732010,07382.856.92$96,237
Sep 200751210,47275.846.24$104,219
Aug 200733912,34269.066.39$102,251
Jul 200748613,09170.906.39$118,082
Jun 200751614,25562.007.55$139,595
May 20074546,27958.747.85$75,935
Apr 200702,78959.617.81$21,769
Mar 20071262,43156.927.30$24,923
Feb 20073737,63155.108.22$83,249
Jan 20073458,69450.306.73$75,837
Dec 20064879,10156.656.92$90,553
Nov 20064179,01654.207.62$91,281
Oct 20064627,32154.906.01$69,391
Sep 20065217,89060.085.04$71,045
Aug 20063424,93168.717.34$59,692
Jul 20064998,26269.376.34$87,020
Jun 20063656,20766.286.38$63,817
May 20066339,05966.016.42$99,988
Apr 20065368,39064.397.36$96,267
Mar 20065558,28656.707.08$90,158
Feb 20067458,23557.597.75$106,735
Jan 20066679,07360.598.93$121,466
Dec 200593111,05454.9413.42$199,443
Nov 200590211,72454.6910.59$173,469
Oct 20051,80816,76358.3413.80$336,737
Sep 20051,8219,32061.4512.08$224,477
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.

Nov 2017 — as filed, then multipliedworked
Oil                  281 bbl  × $ 55.42 =    $15,573
Casinghead gas     3,400 Mcf  × $  3.12 =    $10,602

────────────────────────────────────────────────────
Month total                                  $26,175

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/37729 is the state's own key, not one this site invented.