UNIVERSITY

Operated by OCTANE ENERGY OPERATING, LLC (P-5 618148) in the EMBAR (PERMIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38930District 08Field 28843666Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$551 k
Aug 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
214
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 40 leases and 358 wells, and the rule below applies to all of them.

Discovered
1942-10-21
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 10 acres. The field rule took effect on 2014-04-22.

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: THERE IS NO MAXIMUM DIAGONAL.

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
OilDisposition7,068 bbl$495,815
Casinghead gasProduction14,514 Mcf$54,736
Total$550,551

Wells on this lease (4)

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 31.9535, -102.8988. A lease has no coordinate of its own — that point is the mean of its wells, and they span 43.7 miles, so treat it as the lease's centre and not as its location.

31.79947, -103.05309 · 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
25.0%
1 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
6,009 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
125.0%
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.
375.0%

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 5,760 and 10,851 ft, median 6,009 ft, over the 4 wells that filed a depth.

Completions filed
Jun 1956 – Oct 2009
3 of 4 wells; 1 filed none

4 wells

42-0030182516,224 ft
42-475354941H10,851 ftOct 2009Yes
42-0030182955,794 ftJan 1992
42-0030183175,760 ftJun 1956

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 (214)

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

214 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 202147077.435.24$3,639
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 202139070.783.98$2,760
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 202138061.302.72$2,329
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 202041038.772.71$1,590
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 202041039.982.39$1,639
Jul 20200038.371.83$0
Jun 202080034.901.69$2,792
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202041030.341.86$1,244
Feb 202003249.881.98$63
Jan 2020405557.252.09$2,405
Dec 2019373059.012.30$2,253
Nov 2019595055.302.75$3,400
Oct 2019583553.472.42$3,186
Sep 201960955.052.66$3,327
Aug 20191182153.112.30$6,315
Jul 201906156.272.46$150
Jun 201905052.782.49$125
May 201904358.482.74$118
Apr 2019565262.632.75$3,650
Mar 20190756.803.06$21
Feb 2019583750.852.79$3,053
Jan 2019606146.033.23$2,959
Dec 201809646.594.19$402
Nov 20186111352.934.24$3,708
Oct 20181789761.443.40$11,266
Sep 2018595259.543.11$3,674
Aug 201807659.403.07$233
Jul 2018157365.142.93$1,191
Jun 2018148560.183.08$1,104
May 20182610065.382.90$1,990
Apr 2018359163.842.90$2,498
Mar 201803861.222.79$106
Feb 2018358161.782.77$2,386
Jan 2018019662.874.01$786
Dec 20176910557.272.92$4,258
Nov 2017016955.423.12$527
Oct 20173415149.292.98$2,126
Sep 2017365047.523.09$1,865
Aug 2017356045.373.00$1,768
Jul 20173520843.873.09$2,178
Jun 20173511642.493.09$1,845
May 20173515845.373.26$2,104
Apr 20177115047.933.21$3,885
Mar 20173615546.772.98$2,146
Feb 20173412650.452.95$2,087
Jan 2017704449.413.42$3,609
Dec 2016354448.763.72$1,870
Nov 2016717242.492.64$3,207
Oct 2016354546.193.09$1,756
Sep 2016705841.553.10$3,088
Aug 2016347641.442.92$1,631
Jul 2016353541.622.92$1,559
Jun 20163510545.352.69$1,869
May 20163510542.521.99$1,697
Apr 20163411536.561.99$1,472
Mar 2016348233.011.79$1,269
Feb 20163510426.472.06$1,141
Jan 20163510227.352.36$1,198
Dec 2015359532.362.00$1,323
Nov 2015359838.792.17$1,570
Oct 2015343543.552.43$1,566
Sep 2015369242.992.76$1,801
Aug 20153512040.162.87$1,750
Jul 20153512448.152.95$2,050
Jun 20157012856.152.88$4,300
May 20153411855.212.96$2,226
Apr 2015345349.822.71$1,837
Mar 20153621242.892.93$2,166
Feb 20157110944.662.98$3,495
Jan 2015725243.433.10$3,288
Dec 2014712654.693.59$3,976
Nov 2014364970.464.25$2,745
Oct 20143610878.303.90$3,240
Sep 2014357786.164.05$3,327
Aug 2014369189.394.04$3,585
Jul 20147110096.564.18$7,274
Jun 2014359098.164.74$3,862
May 20143511794.734.73$3,869
Apr 2014729895.944.81$7,379
Mar 20147111995.895.06$7,410
Feb 2014376097.406.19$3,975
Jan 20147210590.404.86$7,019
Dec 20133610491.824.35$3,758
Nov 20133611688.853.74$3,632
Oct 20133611797.423.78$3,949
Sep 201371113104.113.72$7,812
Aug 201335105104.253.52$4,019
Jul 201335105102.523.72$3,979
Jun 2013729694.403.93$7,174
May 20133510294.834.15$3,742
Apr 20133612393.964.28$3,909
Mar 20133612593.623.91$3,859
Feb 2013716291.233.42$6,689
Jan 2013351391.603.42$3,250
Dec 20127013686.773.42$6,539
Nov 20127014286.953.62$6,601
Oct 20123512789.383.40$3,560
Sep 20127012694.672.92$6,995
Aug 201210710692.662.91$10,223
Jul 2012010685.133.02$320
Jun 2012729979.822.52$5,996
May 20121469991.612.49$13,621
Apr 201235116101.652.00$3,789
Mar 201216099105.052.22$17,028
Feb 20127299101.102.57$7,534
Jan 20127211598.092.73$7,377
Dec 2011368396.873.24$3,756
Nov 2011338595.723.31$3,440
Oct 20113512884.983.65$3,441
Sep 20113511883.623.99$3,397
Aug 20117113483.404.15$6,477
Jul 20117010594.144.52$7,064
Jun 20113514092.904.64$3,901
May 20117011098.134.40$7,354
Apr 201134129105.964.33$4,162
Mar 2011719196.364.06$7,211
Feb 2011365185.644.18$3,296
Jan 20117116286.504.59$6,885
Dec 20103513985.734.35$3,605
Nov 2010359180.843.80$3,175
Oct 20107110678.103.51$5,917
Sep 20103414072.633.98$3,027
Aug 20107012773.684.42$5,719
Jul 2010353072.554.74$2,681
Jun 2010351270.364.91$2,522
May 20107115671.124.24$5,710
Apr 20107110281.694.12$6,221
Mar 20107015978.394.39$6,185
Feb 20103619573.585.44$3,710
Jan 20107018374.365.96$6,297
Dec 20093515471.445.48$3,345
Nov 20096917474.593.75$5,799
Oct 20097014672.544.11$5,678
Sep 20093521865.543.06$2,962
Aug 20097021167.423.22$5,399
Jul 20093520061.133.46$2,832
Jun 20096616666.163.90$5,013
May 20097014854.743.93$4,413
Apr 20097016046.773.59$3,848
Mar 20093610042.144.06$1,923
Feb 20097116632.814.63$3,099
Jan 20093718735.865.37$2,331
Dec 20083813837.105.98$2,235
Nov 20087123155.496.86$5,525
Oct 20087319175.246.92$6,815
Sep 20086990101.767.88$7,730
Aug 200872155114.228.48$9,539

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 2021 — as filed, then multipliedworked
Oil                   47 bbl  × $ 77.43 =     $3,639
Casinghead gas         0 Mcf  × $  5.24 =         $0

────────────────────────────────────────────────────
Month total                                   $3,639

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/38930 is the state's own key, not one this site invented.