UNIVERSITY 20 TG UNIT

Name: UNIVERSITY 20 TG UNIT lease production and value, May 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PDEH LLC (P-5 646827) in the TWO GEORGES (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38244District 08Field 92100050Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$103.9 M

May 2007 – Mar 2023

Value, last 12 filed months

$13.5 M

at the published price for each month

Months reported

191

no gaps in the span

Streams

oil, casinghead gas

The TWO GEORGES (BONE SPRING) 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 275 leases and 502 wells, and the rule below applies to all of them.

Discovered

1997-11-12

as the register files it

Field class

Oil

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 40 acres. The field rule took effect on 2023-03-28.

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: “SIGNED 09/30/2025, EFFECTIVE 10/01/2025”

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	1,648,182 bbl	$97,078,462
Casinghead gas	Production	1,950,482 Mcf	$6,775,918
Total			$103,854,379

Wells on this lease (15)

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 31.7018, -103.3100. A lease has no coordinate of its own — that point is the mean of its wells, and they span 7.7 miles.

31.69584, -103.32172 · 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

20.0%

3 of 15 wells

With a plug date

20.0%

3 of 15 wells

Median depth

11,740 ft

15 wells filed one

Completion to plug

10.8 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

320.0%

A plug date is filed

320.0%

BothOn the schedule and plugged. Neither fact cancels the other.

320.0%

NeitherNo plug date, and not on the schedule.

1280.0%

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

Total depth in feet, 15 of 15 wells. Median 11,740 ft, with the middle half between 11,686 and 11,876 ft; the shallowest is 4,974 ft and the deepest 18,000 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 15 of 15 wells, Jul 2007 – Dec 2020. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Jul 2007 – Dec 2020

15 of 15 wells

Plug dates filed

Jul 2018 – Dec 2021

3 of 15 wells; 12 filed none

Last completion to plug: a median of 10.8 years across the 3 wells that filed both dates, with the middle half between 9.5 years and 12.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

15 wells


42-49534450	3907H	11,664 ft	Dec 2020	—	—
42-49534456	2707H	11,833 ft	Nov 2020	—	—
42-49534407	1008H	11,892 ft	Mar 2020	—	—
42-49534173	2702H	11,859 ft	Jun 2019	—	—
42-49534171	2705H	11,696 ft	Jun 2019	—	—
42-49533895	1004H	11,859 ft	Jun 2018	—	—
42-49533894	1006H	4,974 ft	Mar 2018	—	—
42-49533545	0301H	11,740 ft	Jul 2014	—	—
42-49533390	1501H	11,675 ft	Sep 2012	—	—
42-49533379	0302H	11,735 ft	Jan 2012	—	—
42-49533378	4602H	11,540 ft	Dec 2011	—	—
42-49533259	3901	18,000 ft	May 2010	Jul 2018	Yes
42-49533272	4001	17,800 ft	Jul 2008	May 2019	Yes
42-49533241	1101H	11,724 ft	Nov 2007	Dec 2021	Yes
42-30131342	1802HH	14,941 ft	Jul 2007	—	—

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 (191)

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

191 months


Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	31,840	30,498	101.58	7.54	$3,464,326
Jun 2022	27,505	31,387	115.09	7.98	$3,415,931
May 2022	30,011	37,402	109.37	8.43	$3,597,716
Apr 2022	26,654	31,601	104.22	6.84	$2,993,955
Mar 2022	33,145	39,970	108.88	5.08	$3,811,731
Feb 2022	28,575	32,083	91.05	4.86	$2,757,640
Jan 2022	31,368	34,486	81.84	4.54	$2,723,644
Dec 2021	33,656	41,758	71.32	3.90	$2,563,165
Nov 2021	36,053	48,227	77.43	5.24	$3,044,141
Oct 2021	35,822	49,464	79.79	5.71	$3,140,868
Sep 2021	35,380	35,853	69.86	5.35	$2,663,493
Aug 2021	35,853	37,569	66.02	4.22	$2,525,578
Jul 2021	35,944	39,099	70.78	3.98	$2,699,812
Jun 2021	34,853	39,626	69.49	3.38	$2,555,895
May 2021	42,860	51,152	63.48	3.02	$2,875,113
Apr 2021	35,048	44,154	60.36	2.76	$2,237,293
Mar 2021	50,054	62,722	61.30	2.72	$3,238,722
Feb 2021	38,172	48,441	57.80	5.55	$2,475,090
Jan 2021	58,648	62,091	50.41	2.81	$3,130,938
Dec 2020	57,500	72,086	44.64	2.68	$2,759,663
Nov 2020	38,346	48,823	38.77	2.71	$1,618,817
Oct 2020	30,221	38,279	36.97	2.48	$1,212,142
Sep 2020	33,104	40,532	37.09	1.99	$1,308,528
Aug 2020	35,997	43,982	39.98	2.39	$1,544,062
Jul 2020	36,948	45,596	38.37	1.83	$1,500,913
Jun 2020	37,283	41,688	34.90	1.69	$1,371,642
May 2020	45,023	49,353	16.92	1.81	$851,353
Apr 2020	49,964	57,097	14.75	1.80	$839,994
Mar 2020	58,175	67,299	30.34	1.86	$1,889,952
Feb 2020	13,430	13,323	49.88	1.98	$696,277
Jan 2020	21,209	20,683	57.25	2.09	$1,257,541
Dec 2019	20,333	19,282	59.01	2.30	$1,244,283
Nov 2019	18,481	17,142	55.30	2.75	$1,069,152
Oct 2019	21,127	19,436	53.47	2.42	$1,176,667
Sep 2019	30,033	33,639	55.05	2.66	$1,742,705
Aug 2019	34,693	42,511	53.11	2.30	$1,940,506
Jul 2019	47,240	58,170	56.27	2.46	$2,801,296
Jun 2019	22,434	25,712	52.78	2.49	$1,248,120
May 2019	5,597	6,073	58.48	2.74	$343,955
Apr 2019	12,417	23,412	62.63	2.75	$842,076
Mar 2019	15,094	16,785	56.80	3.06	$908,737
Feb 2019	14,057	17,124	50.85	2.79	$762,612
Jan 2019	17,230	20,221	46.03	3.23	$858,374
Dec 2018	19,515	20,134	46.59	4.19	$993,474
Nov 2018	20,343	26,483	52.93	4.24	$1,188,970
Oct 2018	28,409	33,763	61.44	3.40	$1,860,178
Sep 2018	30,049	32,438	59.54	3.11	$1,889,935
Aug 2018	36,323	43,063	59.40	3.07	$2,289,641
Jul 2018	30,090	32,891	65.14	2.93	$2,056,495
Jun 2018	512	1,056	60.18	3.08	$34,061
May 2018	3,718	1,704	65.38	2.90	$248,026
Apr 2018	3,829	4,556	63.84	2.90	$257,659
Mar 2018	5,616	6,793	61.22	2.79	$362,743
Feb 2018	3,601	4,750	61.78	2.77	$235,609
Jan 2018	3,548	6,288	62.87	4.01	$248,273
Dec 2017	3,884	6,353	57.27	2.92	$240,997
Nov 2017	4,372	5,338	55.42	3.12	$258,942
Oct 2017	4,712	4,175	49.29	2.98	$244,711
Sep 2017	3,820	4,710	47.52	3.09	$196,067
Aug 2017	3,974	5,290	45.37	3.00	$196,194
Jul 2017	6,144	6,622	43.87	3.09	$289,981
Jun 2017	3,531	6,463	42.49	3.09	$169,985
May 2017	3,094	3,258	45.37	3.26	$151,007
Apr 2017	6,624	5,928	47.93	3.21	$336,527
Mar 2017	4	1,379	46.77	2.98	$4,302
Feb 2017	0	230	50.45	2.95	$679
Jan 2017	0	39	49.41	3.42	$133
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	2	2,170	42.49	2.64	$5,823
Oct 2016	0	848	46.19	3.09	$2,621
Sep 2016	0	212	41.55	3.10	$657
Aug 2016	0	298	41.44	2.92	$871
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	89	38.79	2.17	$193
Oct 2015	0	591	43.55	2.43	$1,434
Sep 2015	0	569	42.99	2.76	$1,570
Aug 2015	0	640	40.16	2.87	$1,838
Jul 2015	175	554	48.15	2.95	$10,058
Jun 2015	181	2,127	56.15	2.88	$16,295
May 2015	363	0	55.21	2.96	$20,041
Apr 2015	183	47	49.82	2.71	$9,244
Mar 2015	0	507	42.89	2.93	$1,488
Feb 2015	0	73	44.66	2.98	$217
Jan 2015	0	72	43.43	3.10	$223
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	1	350	70.46	4.25	$1,559
Oct 2014	180	299	78.30	3.90	$15,260
Sep 2014	187	763	86.16	4.05	$19,199
Aug 2014	542	1,323	89.39	4.04	$53,788
Jul 2014	6,361	1,200	96.56	4.18	$619,234
Jun 2014	344	286	98.16	4.74	$35,122
May 2014	366	1,406	94.73	4.73	$41,317
Apr 2014	0	150	95.94	4.81	$721
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	51	97.40	6.19	$316
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	165	305	91.82	4.35	$16,478
Nov 2013	190	415	88.85	3.74	$18,433
Oct 2013	641	1,772	97.42	3.78	$69,143
Sep 2013	192	6,967	104.11	3.72	$45,891
Aug 2013	142	470	104.25	3.52	$16,459
Jul 2013	0	1,113	102.52	3.72	$4,138
Jun 2013	0	4,738	94.40	3.93	$18,637
May 2013	0	698	94.83	4.15	$2,896
Apr 2013	0	386	93.96	4.28	$1,653
Mar 2013	336	325	93.62	3.91	$32,728
Feb 2013	0	337	91.23	3.42	$1,153
Jan 2013	0	22	91.60	3.42	$75
Dec 2012	0	357	86.77	3.42	$1,221
Nov 2012	0	26	86.95	3.62	$94
Oct 2012	544	1,373	89.38	3.40	$53,290
Sep 2012	364	1,317	94.67	2.92	$38,303
Aug 2012	1,252	1,167	92.66	2.91	$119,404
Jul 2012	184	122	85.13	3.02	$16,032
Jun 2012	174	488	79.82	2.52	$15,118
May 2012	191	36	91.61	2.49	$17,587
Apr 2012	177	202	101.65	2.00	$18,395
Mar 2012	576	249	105.05	2.22	$61,062
Feb 2012	0	16	101.10	2.57	$41
Jan 2012	181	69	98.09	2.73	$17,943
Dec 2011	182	196	96.87	3.24	$18,265
Nov 2011	0	30	95.72	3.31	$99
Oct 2011	363	298	84.98	3.65	$31,935
Sep 2011	0	371	83.62	3.99	$1,479
Aug 2011	0	87	83.40	4.15	$361
Jul 2011	0	160	94.14	4.52	$723
Jun 2011	177	167	92.90	4.64	$17,218
May 2011	180	149	98.13	4.40	$18,320
Apr 2011	355	211	105.96	4.33	$38,530
Mar 2011	0	184	96.36	4.06	$747
Feb 2011	3	318	85.64	4.18	$1,586
Jan 2011	0	91	86.50	4.59	$418
Dec 2010	351	12	85.73	4.35	$30,143
Nov 2010	356	89	80.84	3.80	$29,117
Oct 2010	0	35	78.10	3.51	$123
Sep 2010	538	77	72.63	3.98	$39,381
Aug 2010	180	231	73.68	4.42	$14,283
Jul 2010	363	340	72.55	4.74	$27,946
Jun 2010	180	176	70.36	4.91	$13,529
May 2010	66	96	71.12	4.24	$5,101
Apr 2010	7	0	81.69	4.12	$572
Mar 2010	185	0	78.39	4.39	$14,502
Feb 2010	183	0	73.58	5.44	$13,465
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	178	0	74.59	3.75	$13,277
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	181	0	65.54	3.06	$11,863
Aug 2009	357	0	67.42	3.22	$24,069
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	179	11	66.16	3.90	$11,885
May 2009	0	107	54.74	3.93	$420
Apr 2009	180	197	46.77	3.59	$9,125
Mar 2009	0	132	42.14	4.06	$536
Feb 2009	373	158	32.81	4.63	$12,970
Jan 2009	180	287	35.86	5.37	$7,996
Dec 2008	0	384	37.10	5.98	$2,295
Nov 2008	188	296	55.49	6.86	$12,463
Oct 2008	365	263	75.24	6.92	$29,283
Sep 2008	182	717	101.76	7.88	$24,168
Aug 2008	365	792	114.22	8.48	$48,409
Jul 2008	0	320	131.08	11.39	$3,645
Jun 2008	0	78	131.33	13.03	$1,017
May 2008	182	208	123.17	11.57	$24,824
Apr 2008	352	491	110.31	10.45	$43,962
Mar 2008	180	722	101.90	9.66	$25,319
Feb 2008	171	812	92.53	8.77	$22,944
Jan 2008	360	307	90.38	8.21	$35,056
Dec 2007	333	448	88.33	7.30	$32,685
Nov 2007	184	492	91.67	7.29	$20,455
Oct 2007	346	385	82.85	6.92	$31,331
Sep 2007	718	634	75.84	6.24	$58,412
Aug 2007	713	1,047	69.06	6.39	$55,928
Jul 2007	360	429	70.90	6.39	$28,264
Jun 2007	544	67	62.00	7.55	$34,234
May 2007	59	250	58.74	7.85	$5,427

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.

Jul 2022 — as filed, then multipliedworked

Oil               31,840 bbl  × $101.58 = $3,234,307
Casinghead gas    30,498 Mcf  × $  7.54 =   $230,018

────────────────────────────────────────────────────
Month total                               $3,464,326

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/38244 is the state's own key, not one this site invented.