UNIVERSITY 19-20

Name: UNIVERSITY 19-20 lease production and value, Dec 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GREAT WESTERN DRILLING COMPANY (P-5 328780) in the VIEJOS (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38714District 08Field 93771200Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.6 M

Dec 2007 – Oct 2015

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The VIEJOS (DEVONIAN) 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 29 leases and 48 wells, and the rule below applies to all of them.

Discovered

1990-09-13

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1994-12-05.

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: “O&G # 08-0210281 TEMP. FD. RULES MADE PERMANENT; INTERVAL EXPAND.”

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	8,069 bbl	$727,565
Casinghead gas	Production	147,105 Mcf	$828,590
Total			$1,556,155

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 30.8803, -102.4731. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.88029, -102.47311 · 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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

7,341 ft

1 wells filed one

Completion to plug

7.5 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 7,341 ft.

Completions filed

Dec 2007

1 of 1 wells

Plug dates filed

Jun 2015

1 of 1 wells

Last completion to plug: a median of 7.5 years across the 1 well that filed both dates, with the middle half between 7.5 years and 7.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-37138080	2	7,341 ft	Dec 2007	Jun 2015	Yes

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 (95)

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

95 months


Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	17	0	56.15	2.88	$955
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	176	0	42.89	2.93	$7,549
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	13	43.43	3.10	$40
Dec 2014	0	1	54.69	3.59	$4
Nov 2014	0	785	70.46	4.25	$3,338
Oct 2014	0	746	78.30	3.90	$2,910
Sep 2014	0	707	86.16	4.05	$2,860
Aug 2014	0	604	89.39	4.04	$2,437
Jul 2014	0	525	96.56	4.18	$2,194
Jun 2014	169	886	98.16	4.74	$20,786
May 2014	0	1,030	94.73	4.73	$4,868
Apr 2014	0	1,050	95.94	4.81	$5,050
Mar 2014	0	1,027	95.89	5.06	$5,193
Feb 2014	0	992	97.40	6.19	$6,142
Jan 2014	0	924	90.40	4.86	$4,491
Dec 2013	0	851	91.82	4.35	$3,706
Nov 2013	0	1,042	88.85	3.74	$3,895
Oct 2013	169	0	97.42	3.78	$16,464
Sep 2013	0	1,191	104.11	3.72	$4,428
Aug 2013	0	1,280	104.25	3.52	$4,509
Jul 2013	0	893	102.52	3.72	$3,320
Jun 2013	0	1,336	94.40	3.93	$5,255
May 2013	171	1,428	94.83	4.15	$22,141
Apr 2013	3	1,357	93.96	4.28	$6,093
Mar 2013	0	1,442	93.62	3.91	$5,642
Feb 2013	0	1,302	91.23	3.42	$4,453
Jan 2013	173	1,315	91.60	3.42	$20,344
Dec 2012	176	1,446	86.77	3.42	$20,217
Nov 2012	0	1,372	86.95	3.62	$4,973
Oct 2012	4	1,570	89.38	3.40	$5,695
Sep 2012	0	1,364	94.67	2.92	$3,981
Aug 2012	3	1,154	92.66	2.91	$3,634
Jul 2012	0	941	85.13	3.02	$2,843
Jun 2012	0	1,457	79.82	2.52	$3,670
May 2012	167	1,572	91.61	2.49	$19,211
Apr 2012	1	1,934	101.65	2.00	$3,963
Mar 2012	0	727	105.05	2.22	$1,615
Feb 2012	150	904	101.10	2.57	$17,489
Jan 2012	0	1,140	98.09	2.73	$3,117
Dec 2011	173	1,239	96.87	3.24	$20,773
Nov 2011	0	927	95.72	3.31	$3,070
Oct 2011	0	1,011	84.98	3.65	$3,689
Sep 2011	174	1,189	83.62	3.99	$19,289
Aug 2011	0	1,409	83.40	4.15	$5,846
Jul 2011	166	1,608	94.14	4.52	$22,891
Jun 2011	0	1,584	92.90	4.64	$7,350
May 2011	0	1,655	98.13	4.40	$7,290
Apr 2011	176	1,593	105.96	4.33	$25,552
Mar 2011	0	1,715	96.36	4.06	$6,958
Feb 2011	170	1,551	85.64	4.18	$21,042
Jan 2011	0	1,782	86.50	4.59	$8,177
Dec 2010	0	1,832	85.73	4.35	$7,965
Nov 2010	160	1,703	80.84	3.80	$19,398
Oct 2010	0	1,915	78.10	3.51	$6,720
Sep 2010	162	1,810	72.63	3.98	$18,969
Aug 2010	0	1,897	73.68	4.42	$8,384
Jul 2010	175	2,009	72.55	4.74	$22,212
Jun 2010	172	1,949	70.36	4.91	$21,672
May 2010	0	2,068	71.12	4.24	$8,758
Apr 2010	0	1,984	81.69	4.12	$8,179
Mar 2010	171	2,127	78.39	4.39	$22,739
Feb 2010	0	1,924	73.58	5.44	$10,471
Jan 2010	168	2,113	74.36	5.96	$25,095
Dec 2009	171	2,273	71.44	5.48	$24,681
Nov 2009	0	1,990	74.59	3.75	$7,465
Oct 2009	173	2,103	72.54	4.11	$21,193
Sep 2009	0	2,060	65.54	3.06	$6,313
Aug 2009	178	2,181	67.42	3.22	$19,020
Jul 2009	1	2,015	61.13	3.46	$7,042
Jun 2009	168	1,984	66.16	3.90	$18,843
May 2009	173	1,906	54.74	3.93	$16,953
Apr 2009	1	2,297	46.77	3.59	$8,287
Mar 2009	173	2,427	42.14	4.06	$17,141
Feb 2009	0	2,240	32.81	4.63	$10,378
Jan 2009	175	2,431	35.86	5.37	$19,332
Dec 2008	0	2,479	37.10	5.98	$14,817
Nov 2008	173	2,765	55.49	6.86	$28,569
Oct 2008	171	2,339	75.24	6.92	$29,057
Sep 2008	171	2,798	101.76	7.88	$39,441
Aug 2008	169	3,093	114.22	8.48	$45,541
Jul 2008	343	3,430	131.08	11.39	$84,026
Jun 2008	178	4,350	131.33	13.03	$80,069
May 2008	514	6,670	123.17	11.57	$140,510
Apr 2008	695	5,336	110.31	10.45	$132,453
Mar 2008	341	2,381	101.90	9.66	$57,758
Feb 2008	522	4,064	92.53	8.77	$83,944
Jan 2008	333	2,591	90.38	8.21	$51,358
Dec 2007	0	0	88.33	7.30	$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.

Jun 2015 — as filed, then multipliedworked

Oil                   17 bbl  × $ 56.15 =       $955
Casinghead gas         0 Mcf  × $  2.88 =         $0

────────────────────────────────────────────────────
Month total                                     $955

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/38714 is the state's own key, not one this site invented.