UNIVERSITY 6-27

Name: UNIVERSITY 6-27 lease production and value, Jun 2009 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by OVINTIV USA INC. (P-5 628658) 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 39529District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$5.7 M

Jun 2009 – Sep 2023

Value, last 12 filed months

$11 k

at the published price for each month

Months reported

172

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 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.

Stream	Basis	Volume	Value
Oil	Disposition	71,105 bbl	$5,466,136
Casinghead gas	Production	62,141 Mcf	$223,633
Total			$5,689,769

Wells on this lease (2)

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 32.4903, -102.2164. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.49030, -102.21644 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

10,826 ft

2 wells filed one

Completion to plug

11.9 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 10,251 and 11,400 ft, median 10,826 ft, over the 2 wells that filed a depth.

Completions filed

Jun 2009 – Sep 2010

2 of 2 wells

Plug dates filed

Dec 2021

2 of 2 wells

Last completion to plug: a median of 11.9 years across the 2 wells that filed both dates, with the middle half between 11.6 years and 12.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-00340960	2	11,400 ft	Sep 2010	Dec 2021	Yes
42-00340738	1	10,251 ft	Jun 2009	Dec 2021	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 (172)

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

172 months


Sep 2023	0	0	89.04	2.74	$0
Aug 2023	0	0	80.52	2.67	$0
Jul 2023	0	0	74.85	2.64	$0
Jun 2023	155	0	68.96	2.26	$10,689
May 2023	0	0	70.62	2.23	$0
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	154	0	70.78	3.98	$10,900
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	2	63.48	3.02	$6
Apr 2021	322	0	60.36	2.76	$19,436
Mar 2021	0	6	61.30	2.72	$16
Feb 2021	0	3	57.80	5.55	$17
Jan 2021	0	13	50.41	2.81	$37
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	158	38.77	2.71	$428
Oct 2020	0	216	36.97	2.48	$535
Sep 2020	338	137	37.09	1.99	$12,809
Aug 2020	336	175	39.98	2.39	$13,851
Jul 2020	0	230	38.37	1.83	$420
Jun 2020	341	168	34.90	1.69	$12,185
May 2020	0	64	16.92	1.81	$116
Apr 2020	0	210	14.75	1.80	$379
Mar 2020	357	195	30.34	1.86	$11,193
Feb 2020	353	151	49.88	1.98	$17,907
Jan 2020	0	186	57.25	2.09	$390
Dec 2019	384	199	59.01	2.30	$23,118
Nov 2019	0	189	55.30	2.75	$520
Oct 2019	344	130	53.47	2.42	$18,708
Sep 2019	0	14	55.05	2.66	$37
Aug 2019	320	50	53.11	2.30	$17,110
Jul 2019	0	54	56.27	2.46	$133
Jun 2019	321	65	52.78	2.49	$17,104
May 2019	0	32	58.48	2.74	$88
Apr 2019	337	21	62.63	2.75	$21,164
Mar 2019	323	52	56.80	3.06	$18,506
Feb 2019	0	190	50.85	2.79	$531
Jan 2019	344	119	46.03	3.23	$16,218
Dec 2018	341	199	46.59	4.19	$16,720
Nov 2018	0	167	52.93	4.24	$708
Oct 2018	350	211	61.44	3.40	$22,221
Sep 2018	0	30	59.54	3.11	$93
Aug 2018	339	4	59.40	3.07	$20,149
Jul 2018	339	74	65.14	2.93	$22,299
Jun 2018	0	133	60.18	3.08	$409
May 2018	337	237	65.38	2.90	$22,721
Apr 2018	0	173	63.84	2.90	$502
Mar 2018	333	263	61.22	2.79	$21,119
Feb 2018	345	212	61.78	2.77	$21,901
Jan 2018	0	183	62.87	4.01	$734
Dec 2017	339	266	57.27	2.92	$20,192
Nov 2017	337	287	55.42	3.12	$19,572
Oct 2017	351	289	49.29	2.98	$18,163
Sep 2017	0	231	47.52	3.09	$713
Aug 2017	342	258	45.37	3.00	$16,292
Jul 2017	0	310	43.87	3.09	$957
Jun 2017	336	299	42.49	3.09	$15,200
May 2017	332	232	45.37	3.26	$15,820
Apr 2017	347	257	47.93	3.21	$17,457
Mar 2017	337	294	46.77	2.98	$16,639
Feb 2017	0	272	50.45	2.95	$803
Jan 2017	514	268	49.41	3.42	$26,313
Dec 2016	338	318	48.76	3.72	$17,665
Nov 2016	345	209	42.49	2.64	$15,212
Oct 2016	343	209	46.19	3.09	$16,489
Sep 2016	343	336	41.55	3.10	$15,293
Aug 2016	334	353	41.44	2.92	$14,873
Jul 2016	339	266	41.62	2.92	$14,887
Jun 2016	339	246	45.35	2.69	$16,034
May 2016	340	285	42.52	1.99	$15,024
Apr 2016	338	232	36.56	1.99	$12,819
Mar 2016	0	322	33.01	1.79	$578
Feb 2016	346	289	26.47	2.06	$9,755
Jan 2016	345	365	27.35	2.36	$10,299
Dec 2015	356	272	32.36	2.00	$12,065
Nov 2015	170	363	38.79	2.17	$7,381
Oct 2015	347	360	43.55	2.43	$15,985
Sep 2015	339	376	42.99	2.76	$15,611
Aug 2015	349	372	40.16	2.87	$15,084
Jul 2015	687	351	48.15	2.95	$34,113
Jun 2015	0	385	56.15	2.88	$1,110
May 2015	520	421	55.21	2.96	$29,953
Apr 2015	350	344	49.82	2.71	$18,368
Mar 2015	349	298	42.89	2.93	$15,843
Feb 2015	0	309	44.66	2.98	$920
Jan 2015	355	229	43.43	3.10	$16,128
Dec 2014	347	386	54.69	3.59	$20,364
Nov 2014	372	416	70.46	4.25	$27,980
Oct 2014	179	421	78.30	3.90	$15,658
Sep 2014	373	444	86.16	4.05	$33,934
Aug 2014	366	471	89.39	4.04	$34,617
Jul 2014	357	544	96.56	4.18	$36,746
Jun 2014	375	494	98.16	4.74	$39,150
May 2014	362	547	94.73	4.73	$36,878
Apr 2014	524	522	95.94	4.81	$52,783
Mar 2014	349	425	95.89	5.06	$35,615
Feb 2014	182	358	97.40	6.19	$19,944
Jan 2014	373	475	90.40	4.86	$36,028
Dec 2013	555	587	91.82	4.35	$53,516
Nov 2013	0	156	88.85	3.74	$583
Oct 2013	338	435	97.42	3.78	$34,572
Sep 2013	494	539	104.11	3.72	$53,434
Aug 2013	340	553	104.25	3.52	$37,393
Jul 2013	513	623	102.52	3.72	$54,909
Jun 2013	170	591	94.40	3.93	$18,373
May 2013	688	615	94.83	4.15	$67,795
Apr 2013	508	516	93.96	4.28	$49,942
Mar 2013	174	356	93.62	3.91	$17,683
Feb 2013	521	540	91.23	3.42	$49,378
Jan 2013	525	559	91.60	3.42	$50,002
Dec 2012	1,053	729	86.77	3.42	$93,862
Nov 2012	344	807	86.95	3.62	$32,836
Oct 2012	870	758	89.38	3.40	$80,338
Sep 2012	693	911	94.67	2.92	$68,265
Aug 2012	878	807	92.66	2.91	$83,702
Jul 2012	529	797	85.13	3.02	$47,441
Jun 2012	702	666	79.82	2.52	$57,711
May 2012	881	953	91.61	2.49	$83,080
Apr 2012	541	1,074	101.65	2.00	$57,137
Mar 2012	871	1,207	105.05	2.22	$94,181
Feb 2012	762	1,082	101.10	2.57	$79,819
Jan 2012	1,683	667	98.09	2.73	$166,909
Dec 2011	10	573	96.87	3.24	$2,825
Nov 2011	683	175	95.72	3.31	$65,956
Oct 2011	878	468	84.98	3.65	$76,320
Sep 2011	1,042	133	83.62	3.99	$87,662
Aug 2011	1,537	31	83.40	4.15	$128,314
Jul 2011	1,028	897	94.14	4.52	$100,828
Jun 2011	1,768	1,002	92.90	4.64	$168,896
May 2011	1,371	1,579	98.13	4.40	$141,491
Apr 2011	1,401	2,030	105.96	4.33	$157,247
Mar 2011	2,164	1,779	96.36	4.06	$215,741
Feb 2011	1,754	1,342	85.64	4.18	$155,822
Jan 2011	2,814	2,313	86.50	4.59	$254,025
Dec 2010	2,116	1,477	85.73	4.35	$187,826
Nov 2010	2,822	1,361	80.84	3.80	$233,296
Oct 2010	2,852	1,463	78.10	3.51	$227,875
Sep 2010	1,267	1,398	72.63	3.98	$97,586
Aug 2010	342	310	73.68	4.42	$26,569
Jul 2010	538	515	72.55	4.74	$41,471
Jun 2010	362	313	70.36	4.91	$27,007
May 2010	356	157	71.12	4.24	$25,984
Apr 2010	704	443	81.69	4.12	$59,336
Mar 2010	714	248	78.39	4.39	$57,059
Feb 2010	177	535	73.58	5.44	$15,935
Jan 2010	901	621	74.36	5.96	$70,702
Dec 2009	356	677	71.44	5.48	$29,145
Nov 2009	879	731	74.59	3.75	$68,307
Oct 2009	714	131	72.54	4.11	$52,332
Sep 2009	885	487	65.54	3.06	$59,495
Aug 2009	717	451	67.42	3.22	$49,792
Jul 2009	1,241	637	61.13	3.46	$78,069
Jun 2009	0	145	66.16	3.90	$565

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 2023 — as filed, then multipliedworked

Oil                  155 bbl  × $ 68.96 =    $10,689
Casinghead gas         0 Mcf  × $  2.26 =         $0

────────────────────────────────────────────────────
Month total                                  $10,689

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/39529 is the state's own key, not one this site invented.