UNIVERSITY "B7" "37"

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) 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 38728District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$22.5 M
Feb 2008 – Mar 2016
Value, last 12 filed months
$500 k
at the published price for each month
Months reported
98
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
OilDisposition242,295 bbl$20,627,295
Casinghead gasProduction442,594 Mcf$1,830,259
Total$22,457,553

Wells on this lease (8)

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 32.3492, -102.2385. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

32.34844, -102.23889 · 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
87.5%
7 of 8 wells
With a plug date
87.5%
7 of 8 wells
Median depth
10,166 ft
8 wells filed one
Completion to plug
2.3 years
median over 7 wells

What the state filed about each well

On the RRC proration schedule
787.5%
A plug date is filed
787.5%
BothOn the schedule and plugged. Neither fact cancels the other.
787.5%
NeitherNo plug date, and not on the schedule.
112.5%

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, 8 of 8 wells. Median 10,166 ft, with the middle half between 10,142 and 10,210 ft; the shallowest is 10,102 ft and the deepest 10,300 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, 8 of 8 wells, May 2008 – Sep 2019. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 2008 – Sep 2019
8 of 8 wells
Plug dates filed
May 2016 – Oct 2022
7 of 8 wells; 1 filed none

Last completion to plug: a median of 2.3 years across the 7 wells that filed both dates, with the middle half between 19 months and 6.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

8 wells

42-00341961710,180 ftSep 2019Dec 2019Yes
42-00341960610,124 ftSep 2018Sep 2019Yes
42-00340877310,148 ftMay 2017Aug 2019Yes
42-00341421510,160 ftMay 2017Jul 2019Yes
42-00341962810,102 ftDec 2010Oct 2022Yes
42-00341420410,171 ftAug 2010Jun 2016Yes
42-00340263110,300 ftJun 2008May 2016Yes
42-00340264210,300 ftMay 2008

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 (98)

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

98 months

Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20159651,71138.792.17$41,141
Oct 20151,0833,20643.552.43$54,944
Sep 20151,7743,81442.992.76$86,785
Aug 20151,0564,21440.162.87$54,514
Jul 20151,0684,09348.152.95$63,478
Jun 20157153,97456.152.88$51,604
May 20151,2644,43555.212.96$82,893
Apr 20151,0903,87249.822.71$64,784
Mar 20152,0014,74642.892.93$99,751
Feb 20151,08922344.662.98$49,298
Jan 20151,4713,61443.433.10$75,091
Dec 20141,4565,68954.693.59$100,060
Nov 20141,8215,14070.464.25$150,162
Oct 20142,01331978.303.90$158,862
Sep 20142,1591,75086.164.05$193,099
Aug 20141,7981,05089.394.04$164,960
Jul 20141,5891,72296.564.18$160,631
Jun 20141,0805,52198.164.74$132,165
May 20142,1715,25394.734.73$230,487
Apr 20141,9886,04095.944.81$219,776
Mar 20141,8176,11695.895.06$205,160
Feb 20141,8235,38597.406.19$210,904
Jan 20142,2035,94890.404.86$228,063
Dec 20131,9935,62291.824.35$207,478
Nov 20132,1776,75388.853.74$218,671
Oct 20131,7822,33897.423.78$182,439
Sep 20132,1613,040104.113.72$236,284
Aug 20132,3742,980104.253.52$257,987
Jul 20132,350239102.523.72$241,811
Jun 20131,7922,26194.403.93$178,058
May 20132,7054,86894.834.15$276,713
Apr 20132,1984,82393.964.28$227,179
Mar 20132,5215,35593.623.91$256,969
Feb 20131,9703,26191.233.42$190,875
Jan 20132,5633,77591.603.42$247,681
Dec 20122,9216,07486.773.42$274,229
Nov 20122,9096,59786.953.62$276,851
Oct 20122,8712,72789.383.40$265,881
Sep 20122,3541,15694.672.92$226,227
Aug 20123,7987,00592.662.91$372,294
Jul 20121,9944,72185.133.02$184,010
Jun 20123,4456,25679.822.52$290,739
May 20122,8737,53191.612.49$281,935
Apr 20122,9126,966101.652.00$309,915
Mar 20123,6795,839105.052.22$399,454
Feb 20123,1106,285101.102.57$330,575
Jan 20123,6887,92198.092.73$383,413
Dec 20114,9558,25196.873.24$506,722
Nov 20113,7053,81695.723.31$367,278
Oct 20113,7888,39784.983.65$352,541
Sep 20115,2899,05583.623.99$478,358
Aug 20114,1669,75783.404.15$387,929
Jul 20116,14912,81394.144.52$636,746
Jun 20116,56015,61492.904.64$681,871
May 20116,55814,38298.134.40$706,887
Apr 20118,27715,325105.964.33$943,438
Mar 20118,77515,43296.364.06$908,172
Feb 201110,66812,53885.644.18$966,016
Jan 20118,28412,16886.504.59$772,402
Dec 20104,8189,35885.734.35$453,733
Nov 20105,3807,63980.843.80$463,912
Oct 20104,1344,68278.103.51$339,294
Sep 20101,6702,69972.633.98$132,033
Aug 20101,0502,18773.684.42$87,029
Jul 20101,2662,44672.554.74$103,434
Jun 20101,2481,57970.364.91$95,563
May 20101,2572,61471.124.24$100,469
Apr 20101,4392,56781.694.12$128,135
Mar 20101,6322,62578.394.39$139,453
Feb 20101,2691,88273.585.44$103,616
Jan 20101,4482,60874.365.96$123,228
Dec 20091,4482,82771.445.48$118,948
Nov 20091,7923,09274.593.75$145,265
Oct 20091,7851,35572.544.11$135,053
Sep 20091,8003,39565.543.06$128,377
Aug 20091,9823,36167.423.22$144,444
Jul 20092,3274,08761.133.46$156,409
Jun 20092,3234,08266.163.90$169,589
May 20093,5675,76754.743.93$217,897
Apr 20091,6023,16146.773.59$86,266
Mar 20091,6041,19142.144.06$72,427
Feb 20091,45256132.814.63$50,239
Jan 20091,4912,34135.865.37$66,041
Dec 20082,0003,51337.105.98$95,198
Nov 20082,1924,10055.496.86$149,762
Oct 20082,3434,24675.246.92$205,678
Sep 20082,6891,215101.767.88$283,203
Aug 20082,2622,436114.228.48$279,030
Jul 20081,2163,115131.0811.39$194,871
Jun 20082,5004,381131.3313.03$385,421
May 20081,0971,333123.1711.57$150,546
Apr 2008404230110.3110.45$46,970
Mar 20080143101.909.66$1,382
Feb 20080092.538.77$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 2015 — as filed, then multipliedworked
Oil                  965 bbl  × $ 38.79 =    $37,432
Casinghead gas     1,711 Mcf  × $  2.17 =     $3,708

────────────────────────────────────────────────────
Month total                                  $41,141

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/38728 is the state's own key, not one this site invented.