UNIVERSITY 7-25 B

Operated by QEP ENERGY COMPANY (P-5 684474) 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 38649District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$4.0 M
Jan 2008 – Oct 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
106
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
OilDisposition41,694 bbl$3,619,235
Casinghead gasProduction71,996 Mcf$397,194
Total$4,016,429

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 32.3888, -102.2218. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.38875, -102.22180 · 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
100.0%
1 of 1 wells
Median depth
10,310 ft
1 wells filed one
Completion to plug
8.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 10,310 ft.

Completions filed
Jan 2008
1 of 1 wells
Plug dates filed
Aug 2016
1 of 1 wells

Last completion to plug: a median of 8.6 years across the 1 well that filed both dates, with the middle half between 8.6 years and 8.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-00340238410,310 ftJan 2008Aug 2016Yes

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 (106)

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

106 months

Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 201510042.892.93$429
Feb 2015512744.662.98$2,358
Jan 20151395243.433.10$6,198
Dec 201421110554.693.59$11,917
Nov 20143251,06570.464.25$27,428
Oct 201428946178.303.90$24,427
Sep 201412567486.164.05$13,497
Aug 201416197089.394.04$18,306
Jul 20142581,37796.564.18$30,668
Jun 201431086198.164.74$34,508
May 201424972994.734.73$27,033
Apr 201417773895.944.81$20,531
Mar 201420065095.895.06$22,465
Feb 201412969197.406.19$16,843
Jan 201420667590.404.86$21,903
Dec 201310777491.824.35$13,195
Nov 201312870188.853.74$13,993
Oct 201322454797.423.78$23,889
Sep 2013257718104.113.72$29,426
Aug 2013290885104.253.52$33,350
Jul 2013221739102.523.72$25,404
Jun 201321964294.403.93$23,199
May 201330373794.834.15$31,791
Apr 201328473493.964.28$29,828
Mar 201341085393.623.91$41,722
Feb 201329783991.233.42$29,965
Jan 201326776891.603.42$27,084
Dec 201226963486.773.42$25,510
Nov 201212035986.953.62$11,735
Oct 201211520889.383.40$10,986
Sep 201216610494.672.92$16,019
Aug 201219351992.662.91$19,393
Jul 201211058985.133.02$11,144
Jun 201216455979.822.52$14,499
May 201218238291.612.49$17,624
Apr 2012253368101.652.00$26,452
Mar 2012306381105.052.22$32,992
Feb 2012352597101.102.57$37,122
Jan 201228157698.092.73$29,138
Dec 201124039896.873.24$24,538
Nov 201116530395.723.31$16,797
Oct 201123632884.983.65$21,252
Sep 201120233283.623.99$18,215
Aug 201121432483.404.15$19,192
Jul 201123335694.144.52$23,543
Jun 201127647392.904.64$27,835
May 201127051898.134.40$28,777
Apr 2011272458105.964.33$30,806
Mar 201130043296.364.06$30,661
Feb 201126839185.644.18$24,586
Jan 201128541686.504.59$26,561
Dec 201033742885.734.35$30,752
Nov 201019157480.843.80$17,619
Oct 201037893378.103.51$32,796
Sep 201043077072.633.98$34,295
Aug 201047149373.684.42$36,882
Jul 201076775572.554.74$59,222
Jun 201072770770.364.91$54,623
May 201076471571.124.24$57,364
Apr 201075168881.694.12$64,186
Mar 20107991,02278.394.39$67,119
Feb 20107791,09673.585.44$63,284
Jan 201069897074.365.96$57,688
Dec 20095931,14771.445.48$48,654
Nov 20095651,19074.593.75$46,608
Oct 20095691,25572.544.11$46,434
Sep 20096321,32265.543.06$45,473
Aug 20096241,15167.423.22$45,775
Jul 20096211,37461.133.46$42,722
Jun 20094601,35466.163.90$35,707
May 20096151,42954.743.93$39,275
Apr 20094921,40546.773.59$28,051
Mar 20097601,43942.144.06$37,867
Feb 20097631,42432.814.63$31,631
Jan 20095841,39635.865.37$28,440
Dec 20087348037.105.98$27,710
Nov 20086911,53055.496.86$48,840
Oct 20089152,31575.246.92$84,869
Sep 20086501,210101.767.88$75,675
Aug 20081,0972,327114.228.48$145,039
Jul 20081,0501,715131.0811.39$157,167
Jun 20081,1432,123131.3313.03$177,778
May 20081,8782,335123.1711.57$258,339
Apr 20082,1031,872110.3110.45$251,553
Mar 20083,0461,677101.909.66$326,594
Feb 20082,1631,32192.538.77$211,728
Jan 200853543790.388.21$51,939

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.

Mar 2015 — as filed, then multipliedworked
Oil                   10 bbl  × $ 42.89 =       $429
Casinghead gas         0 Mcf  × $  2.93 =         $0

────────────────────────────────────────────────────
Month total                                     $429

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/38649 is the state's own key, not one this site invented.