UNIVERSITY 7021

Operated by COG OPERATING LLC (P-5 166150) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38549District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$7.6 M
Nov 2007 – May 2026
Value, last 12 filed months
$294 k
at the published price for each month
Months reported
223
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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered
1952-12-22
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 2018-02-13.

The Commission's schedule remark for this field reads: SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.

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
OilDisposition88,861 bbl$6,903,590
Casinghead gasProduction145,611 Mcf$713,804
Total$7,617,394

Wells on this lease (2)

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 32.3865, -102.2648. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.38647, -102.26480 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
10,884 ft
2 wells filed one
Completion to plug
3.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 10,442 and 11,325 ft, median 10,884 ft, over the 2 wells that filed a depth.

Completions filed
Nov 2007 – Jun 2014
2 of 2 wells
Plug dates filed
Aug 2017
1 of 2 wells; 1 filed none

Last completion to plug: a median of 3.2 years across the 1 well that filed both dates, with the middle half between 3.2 years and 3.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-00340328210,442 ftJun 2014Aug 2017Yes
42-00340141111,325 ftNov 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 (223)

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

223 months

May 20262641,371106.413.05$32,268
Apr 20262361,36798.932.87$27,270
Mar 20261901,20189.753.15$20,835
Feb 202630187763.503.75$22,403
Jan 202617671859.138.00$16,149
Dec 20252831,03056.664.41$20,581
Nov 202554787558.593.93$35,484
Oct 202518868259.383.30$13,417
Sep 20253521,15762.743.08$25,644
Aug 20251751,21063.933.01$14,836
Jul 20254361,18866.743.32$33,037
Jun 202544476566.483.13$31,911
May 202524279960.553.23$17,236
Apr 202515849562.363.54$11,607
Mar 20251602567.704.27$10,939
Feb 2025106070.884.34$7,513
Jan 202521213274.324.28$16,321
Dec 202432825868.993.12$23,434
Nov 202418113269.052.20$12,788
Oct 202417539271.372.28$13,384
Sep 202426661869.612.36$19,977
Aug 202418154275.632.06$14,808
Jul 202436156179.932.15$30,059
Jun 202419815578.082.63$15,868
May 2024444078.812.20$34,992
Apr 202422057384.451.66$19,530
Mar 2024010580.301.55$162
Feb 20241137576.091.78$8,732
Jan 202442821673.023.30$31,965
Dec 202324350971.262.61$18,645
Nov 202320937477.892.81$17,329
Oct 202317121785.443.09$15,280
Sep 202313935289.042.74$13,339
Aug 20238328080.522.67$7,432
Jul 2023015774.852.64$415
Jun 20232957568.962.26$20,513
May 2023016370.622.23$363
Apr 2023169578.122.24$13,213
Mar 2023246072.852.39$17,921
Feb 2023165075.112.47$12,393
Jan 2023171076.533.39$13,087
Dec 2022500076.415.73$38,205
Nov 2022161085.005.65$13,685
Oct 20220087.185.86$0
Sep 20223142984.888.16$26,889
Aug 20221851094.529.13$17,577
Jul 20223230101.587.54$32,810
Jun 20221620115.097.98$18,645
May 20222500109.378.43$27,343
Apr 202229383104.226.84$31,104
Mar 202226115108.885.08$28,494
Feb 202208491.054.86$408
Jan 202238229981.844.54$32,620
Dec 202118354071.323.90$15,157
Nov 202137067377.435.24$32,174
Oct 202143359279.795.71$37,932
Sep 202146032569.865.35$33,875
Aug 202147611266.024.22$31,898
Jul 20217877970.783.98$8,623
Jun 202115151669.493.38$12,237
May 20219715463.483.02$6,622
Apr 2021170060.362.76$10,261
Mar 202119222161.302.72$12,370
Feb 20216618557.805.55$4,841
Jan 202132835850.412.81$17,541
Dec 202045049344.642.68$21,407
Nov 202029952738.772.71$13,019
Oct 202029411036.972.48$11,142
Sep 20201733337.091.99$6,482
Aug 202041639.982.39$198
Jul 202011738.371.83$69
Jun 202083234.901.69$333
May 20200016.921.81$0
Apr 2020912714.751.80$1,391
Mar 20201913630.341.86$5,862
Feb 2020193049.881.98$9,627
Jan 202094057.252.09$5,382
Dec 2019283059.012.30$16,700
Nov 2019952255.302.75$5,314
Oct 201924320953.472.42$13,499
Sep 201914719255.052.66$8,603
Aug 201915822553.112.30$8,910
Jul 20197526156.272.46$4,862
Jun 201912924252.782.49$7,411
May 201921825258.482.74$13,439
Apr 20191698662.632.75$10,821
Mar 201922619256.803.06$13,425
Feb 201936313050.852.79$18,822
Jan 20192335646.033.23$10,906
Dec 201811412446.594.19$5,830
Nov 201823421652.934.24$13,301
Oct 201836823861.443.40$23,419
Sep 201827417859.543.11$16,867
Aug 201843223159.403.07$26,369
Jul 201826411265.142.93$17,525
Jun 201813324260.183.08$8,749
May 201827129665.382.90$18,577
Apr 201826729663.842.90$17,904
Mar 201826532761.222.79$17,135
Feb 201828128961.782.77$18,160
Jan 201827824862.874.01$18,472
Dec 201713326857.272.92$8,400
Nov 201724930855.423.12$14,760
Oct 201727734749.292.98$14,689
Sep 201727739047.523.09$14,367
Aug 201727729045.373.00$13,439
Jul 201743038543.873.09$20,053
Jun 2017142342.493.09$1,348
May 201755162545.373.26$27,039
Apr 201736977847.933.21$20,185
Mar 201717120046.772.98$8,594
Feb 2017255050.452.95$12,865
Jan 2017194049.413.42$9,586
Dec 201607148.763.72$264
Nov 201622617742.492.64$10,071
Oct 201619721246.193.09$9,755
Sep 2016015041.553.10$465
Aug 201622522741.442.92$9,988
Jul 201620616241.622.92$9,047
Jun 2016020145.352.69$540
May 201623326942.521.99$10,443
Apr 201625819036.561.99$9,811
Mar 2016023933.011.79$429
Feb 201648636726.472.06$13,622
Jan 201639831227.352.36$11,623
Dec 201518213232.362.00$6,154
Nov 20151809238.792.17$7,182
Oct 201518112943.552.43$8,196
Sep 201517530142.992.76$8,354
Aug 201519534740.162.87$8,828
Jul 201517943448.152.95$9,897
Jun 201520848156.152.88$13,066
May 201530842055.212.96$18,246
Apr 201522437649.822.71$12,177
Mar 201523136642.892.93$10,982
Feb 201517334744.662.98$8,759
Jan 201517843543.433.10$9,079
Dec 201416848754.693.59$10,937
Nov 201416537670.464.25$13,225
Oct 201431350678.303.90$26,482
Sep 2014132786.164.05$1,409
Aug 201438346089.394.04$36,093
Jul 201416247596.564.18$17,628
Jun 201410131598.164.74$11,406
May 20149640094.734.73$10,985
Apr 201423939295.944.81$24,815
Mar 201414647895.895.06$16,417
Feb 2014029497.406.19$1,820
Jan 201428642690.404.86$27,925
Dec 201337272491.824.35$37,310
Nov 201350881588.853.74$48,183
Oct 201327884997.423.78$30,291
Sep 2013432784104.113.72$47,890
Aug 2013576737104.253.52$62,644
Jul 201343882102.523.72$45,209
Jun 201358241394.403.93$56,565
May 201359455994.834.15$58,648
Apr 201328940293.964.28$28,876
Mar 201374072893.623.91$72,127
Feb 201343661891.233.42$41,890
Jan 201343546191.603.42$41,423
Dec 201289967286.773.42$80,305
Nov 201229161486.953.62$27,528
Oct 201272426289.383.40$65,602
Sep 20125787294.672.92$54,929
Aug 20125401,23392.662.91$53,622
Jul 20125681,10785.133.02$51,698
Jun 20124091,19879.822.52$35,664
May 20126881,16191.612.49$65,917
Apr 20128711,397101.652.00$91,327
Mar 20121521,287105.052.22$18,827
Feb 2012848388101.102.57$86,730
Jan 201226276798.092.73$27,797
Dec 201171780596.873.24$72,064
Nov 20119349995.723.31$10,554
Oct 201144778984.983.65$40,865
Sep 20114161,08683.623.99$39,115
Aug 20114701,01583.404.15$43,410
Jul 20113421,06094.144.52$36,984
Jun 201127763192.904.64$28,661
May 20114631,16298.134.40$50,553
Apr 20113431,459105.964.33$42,667
Mar 20114411,42296.364.06$48,264
Feb 20115261,48685.644.18$51,258
Jan 20113181,70086.504.59$35,308
Dec 20108861,81685.734.35$83,852
Nov 20103371,59680.843.80$33,300
Oct 20107851,73378.103.51$67,389
Sep 20106281,72872.633.98$52,488
Aug 20104411,54873.684.42$39,334
Jul 20105581,88772.554.74$49,421
Jun 20106571,08970.364.91$51,574
May 20105381,31671.124.24$43,836
Apr 20108231,35281.694.12$72,805
Mar 20105231,38278.394.39$47,063
Feb 20107301,33973.585.44$61,001
Jan 20107221,49174.365.96$62,580
Dec 20098321,65471.445.48$68,508
Nov 20095911,71174.593.75$50,502
Oct 200971391672.544.11$55,486
Sep 20098881,86165.543.06$63,903
Aug 20099171,91567.423.22$67,988
Jul 20097221,74861.133.46$50,192
Jun 20099681,11966.163.90$68,401
May 20091,2261,72154.743.93$73,867
Apr 20091,0562,75346.773.59$59,266
Mar 20091,0821,34242.144.06$51,043
Feb 20091,31367232.814.63$46,193
Jan 20091,2842,35035.865.37$58,666
Dec 20081,7202,05437.105.98$76,089
Nov 20081,1612,40055.496.86$80,889
Oct 20081,1902,78375.246.92$108,799
Sep 20081,5051,953101.767.88$168,533
Aug 20081,7113,428114.228.48$224,510
Jul 20082,4004,844131.0811.39$369,762
Jun 20083,1924,857131.3313.03$482,505
May 20081,4991,553123.1711.57$202,607
Apr 20081,2061,834110.3110.45$152,208
Mar 200801101.909.66$10
Feb 20080092.538.77$0
Jan 20081,0711,43590.388.21$108,572
Dec 20071,9522,41588.337.30$190,054
Nov 20071,3751,60391.677.29$137,735

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.

May 2026 — as filed, then multipliedworked
Oil                  264 bbl  × $106.41 =    $28,092
Casinghead gas     1,371 Mcf  × $  3.05 =     $4,176

────────────────────────────────────────────────────
Month total                                  $32,268

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/38549 is the state's own key, not one this site invented.