UNIVERSITY 5023

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 38768District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$2.3 M
Mar 2008 – May 2026
Value, last 12 filed months
$51 k
at the published price for each month
Months reported
219
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
OilDisposition26,189 bbl$2,028,588
Casinghead gasProduction70,445 Mcf$303,927
Total$2,332,515

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 32.4603, -102.3205. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.46030, -102.32051 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
11,400 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 11,400 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-00340314111,400 ftMar 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 (219)

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

219 months

May 202616912106.413.05$18,020
Apr 20260698.932.87$17
Mar 202601989.753.15$60
Feb 20261721463.503.75$10,975
Jan 202601859.138.00$144
Dec 202501156.664.41$49
Nov 20251722458.593.93$10,172
Oct 202504059.383.30$132
Sep 202503362.743.08$102
Aug 20251703063.933.01$10,959
Jul 202503766.743.32$123
Jun 202502166.483.13$66
May 202504960.553.23$158
Apr 20251715162.363.54$10,844
Mar 202505167.704.27$218
Feb 202504170.884.34$178
Jan 20251704674.324.28$12,831
Dec 202405068.993.12$156
Nov 20241704269.052.20$11,831
Oct 202403171.372.28$71
Sep 202404769.612.36$111
Aug 202405575.632.06$114
Jul 202404279.932.15$90
Jun 20241824178.082.63$14,319
May 20240078.812.20$0
Apr 202404784.451.66$78
Mar 20241874080.301.55$15,078
Feb 202404776.091.78$84
Jan 2024187073.023.30$13,655
Dec 20230871.262.61$21
Nov 202302677.892.81$73
Oct 202305885.443.09$179
Sep 20231841789.042.74$16,430
Aug 20233544680.522.67$28,627
Jul 202301574.852.64$40
Jun 202302168.962.26$47
May 202301970.622.23$42
Apr 202301178.122.24$25
Mar 202301172.852.39$26
Feb 20230675.112.47$15
Jan 2023180876.533.39$13,803
Dec 202201576.415.73$86
Nov 202201485.005.65$79
Oct 202201387.185.86$76
Sep 202201584.888.16$122
Aug 202201594.529.13$137
Jul 202218019101.587.54$18,428
Jun 2022018115.097.98$144
May 2022018109.378.43$152
Apr 202235416104.226.84$37,003
Mar 2022011108.885.08$56
Feb 20220591.054.86$24
Jan 202201181.844.54$50
Dec 202101671.323.90$62
Nov 20211792077.435.24$13,965
Oct 202102279.795.71$126
Sep 202102169.865.35$112
Aug 20211066.024.22$66
Jul 2021180670.783.98$12,764
Jun 202101869.493.38$61
May 202101063.483.02$30
Apr 2021182260.362.76$10,991
Mar 202103061.302.72$82
Feb 2021046457.805.55$2,574
Jan 2021041050.412.81$1,152
Dec 2020013344.642.68$356
Nov 202018331538.772.71$7,947
Oct 2020060936.972.48$1,509
Sep 2020033737.091.99$671
Aug 202003739.982.39$88
Jul 20201843538.371.83$7,124
Jun 2020010534.901.69$177
May 20201752916.921.81$3,014
Apr 202005114.751.80$92
Mar 202003030.341.86$56
Feb 20201895549.881.98$9,536
Jan 202004957.252.09$103
Dec 201906659.012.30$152
Nov 20191864755.302.75$10,415
Oct 201909553.472.42$230
Sep 2019035555.052.66$943
Aug 201918938553.112.30$10,925
Jul 2019029456.272.46$723
Jun 2019025252.782.49$628
May 201918520358.482.74$11,375
Apr 2019176562.632.75$2,167
Mar 2019082456.803.06$2,523
Feb 201917955150.852.79$10,641
Jan 2019068546.033.23$2,211
Dec 201818985846.594.19$12,397
Nov 2018079252.934.24$3,356
Oct 201818756661.443.40$13,413
Sep 201845359.543.11$403
Aug 2018065859.403.07$2,018
Jul 201819788465.142.93$15,424
Jun 2018086160.183.08$2,649
May 201818490065.382.90$14,641
Apr 2018085963.842.90$2,492
Mar 2018085161.222.79$2,372
Feb 201818582361.782.77$13,706
Jan 2018081562.874.01$3,268
Dec 2017071957.272.92$2,101
Nov 201718694655.423.12$13,258
Oct 20171801,34649.292.98$12,888
Sep 201711,24647.523.09$3,894
Aug 201718063545.373.00$10,074
Jul 2017096543.873.09$2,979
Jun 2017092342.493.09$2,850
May 201718585945.373.26$11,197
Apr 2017061147.933.21$1,962
Mar 201718512846.772.98$9,034
Feb 2017010250.452.95$301
Jan 201718411749.413.42$9,491
Dec 2016013048.763.72$484
Nov 2016054842.492.64$1,449
Oct 20163551,69546.193.09$21,635
Sep 2016013941.553.10$431
Aug 2016013241.442.92$386
Jul 2016015141.622.92$442
Jun 20160045.352.69$0
May 2016340042.521.99$14,457
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 2016339027.352.36$9,272
Dec 201508432.362.00$168
Nov 2015012338.792.17$267
Oct 2015011743.552.43$284
Sep 201535013042.992.76$15,405
Aug 2015013340.162.87$382
Jul 2015113848.152.95$455
Jun 2015013156.152.88$378
May 201537912955.212.96$21,306
Apr 2015014549.822.71$392
Mar 2015017442.892.93$511
Feb 2015013544.662.98$402
Jan 20153528343.433.10$15,545
Dec 2014013354.693.59$478
Nov 201406770.464.25$285
Oct 201434010578.303.90$27,032
Sep 2014012886.164.05$518
Aug 2014011189.394.04$448
Jul 2014214196.564.18$782
Jun 201434215598.164.74$34,305
May 2014012994.734.73$610
Apr 2014013595.944.81$649
Mar 201435415095.895.06$34,704
Feb 2014015297.406.19$941
Jan 2014019790.404.86$958
Dec 201335818891.824.35$33,690
Nov 2013017788.853.74$662
Oct 2013020497.423.78$771
Sep 2013186216104.113.72$20,167
Aug 20130246104.253.52$867
Jul 2013182232102.523.72$19,521
Jun 201317324994.403.93$17,311
May 2013024294.834.15$1,004
Apr 201334424993.964.28$33,389
Mar 201316751393.623.91$17,642
Feb 2013075091.233.42$2,565
Jan 201317635291.603.42$17,325
Dec 201236712486.773.42$32,269
Nov 2012014986.953.62$540
Oct 2012019189.383.40$649
Sep 201219721194.672.92$19,266
Aug 2012043892.662.91$1,274
Jul 201217432385.133.02$15,788
Jun 201217334679.822.52$14,680
May 2012024791.612.49$615
Apr 2012193230101.652.00$20,078
Mar 20120266105.052.22$591
Feb 2012338228101.102.57$34,758
Jan 2012032398.092.73$883
Dec 201117831796.873.24$18,270
Nov 201117237095.723.31$17,689
Oct 201152745584.983.65$46,445
Sep 2011037083.623.99$1,475
Aug 2011145383.404.15$1,963
Jul 2011042594.144.52$1,920
Jun 201134555492.904.64$34,621
May 201118162098.134.40$20,493
Apr 20110804105.964.33$3,484
Mar 20111802,05296.364.06$25,670
Feb 201116864785.644.18$17,092
Jan 201117667286.504.59$18,308
Dec 201035271285.734.35$33,273
Nov 2010069280.843.80$2,626
Oct 201018068778.103.51$16,469
Sep 201036078972.633.98$29,287
Aug 201017178173.684.42$16,051
Jul 201018175972.554.74$16,727
Jun 201015178470.364.91$14,474
May 201033281271.124.24$27,051
Apr 201017076281.694.12$17,029
Mar 201017379278.394.39$17,037
Feb 201036570173.585.44$30,672
Jan 201017177274.365.96$17,320
Dec 200936472771.445.48$29,991
Nov 200918574274.593.75$16,583
Oct 200918345672.544.11$15,149
Sep 200935469865.543.06$25,340
Aug 200917071167.423.22$13,750
Jul 200935776061.133.46$24,456
Jun 200917674166.163.90$14,530
May 200935567954.743.93$22,098
Apr 200917167046.773.59$10,401
Mar 200934572042.144.06$17,461
Feb 200935866532.814.63$14,827
Jan 200951644535.865.37$20,894
Dec 200817220437.105.98$7,601
Nov 200853110555.496.86$30,186
Oct 2008047275.246.92$3,267
Sep 200834651101.767.88$35,611
Aug 200851736114.228.48$59,357
Jul 20083421,309131.0811.39$59,738
Jun 20088221,774131.3313.03$131,073
May 20081,2661,342123.1711.57$171,466
Apr 20088811,403110.3110.45$111,851
Mar 20080135101.909.66$1,305

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                  169 bbl  × $106.41 =    $17,983
Casinghead gas        12 Mcf  × $  3.05 =        $37

────────────────────────────────────────────────────
Month total                                  $18,020

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/38768 is the state's own key, not one this site invented.