UNIVERSITY 18

Operated by CRESCENT ENERGY OPERATING, LLC (P-5 103575) in the MARTIN (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 40320District 08Field 57774275Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$382 k
Jun 2010 – May 2026
Value, last 12 filed months
$34 k
at the published price for each month
Months reported
192
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 118 leases and 585 wells, and the rule below applies to all of them.

Discovered
2000-11-20
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 2010-06-22.

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: UNIVERSITY WELL #1 (API #003-00649).

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
OilDisposition5,323 bbl$360,780
Casinghead gasProduction6,200 Mcf$20,963
Total$381,742

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 32.1617, -102.7317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

32.16164, -102.73155 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
4,750 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
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.
4100.0%

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 4,688 and 4,850 ft, median 4,750 ft, over the 4 wells that filed a depth.

Completions filed
Apr 1982 – May 1983
4 of 4 wells

4 wells

42-0033337724,760 ftMay 1983
42-0033337644,850 ftDec 1982
42-0033332934,740 ftSep 1982
42-0033316314,688 ftApr 1982

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 (192)

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

192 months

May 202600106.413.05$0
Apr 2026864398.932.87$8,631
Mar 2026406289.753.15$3,785
Feb 2026345563.503.75$2,365
Jan 2026304159.138.00$2,102
Dec 2025404156.664.41$2,447
Nov 2025483658.593.93$2,954
Oct 2025363659.383.30$2,257
Sep 2025354262.743.08$2,325
Aug 2025355063.933.01$2,388
Jul 2025304666.743.32$2,155
Jun 2025413466.483.13$2,832
May 2025324560.553.23$2,083
Apr 2025286162.363.54$1,962
Mar 2025143267.704.27$1,084
Feb 20259870.884.34$673
Jan 202571174.324.28$567
Dec 2024191768.993.12$1,364
Nov 2024112069.052.20$804
Oct 2024162471.372.28$1,197
Sep 2024142069.612.36$1,022
Aug 2024182675.632.06$1,415
Jul 2024231979.932.15$1,879
Jun 2024213078.082.63$1,719
May 2024172778.812.20$1,399
Apr 2024111984.451.66$960
Mar 2024131880.301.55$1,072
Feb 2024161676.091.78$1,246
Jan 2024141573.023.30$1,072
Dec 2023202371.262.61$1,485
Nov 2023192377.892.81$1,544
Oct 2023152185.443.09$1,346
Sep 2023152089.042.74$1,390
Aug 2023142280.522.67$1,186
Jul 2023152174.852.64$1,178
Jun 2023142168.962.26$1,013
May 2023162270.622.23$1,179
Apr 2023172478.122.24$1,382
Mar 2023162172.852.39$1,216
Feb 2023131975.112.47$1,023
Jan 2023121476.533.39$966
Dec 2022121776.415.73$1,014
Nov 2022141985.005.65$1,297
Oct 2022131887.185.86$1,239
Sep 2022171884.888.16$1,590
Aug 2022171994.529.13$1,780
Jul 20221619101.587.54$1,769
Jun 20221514115.097.98$1,838
May 20221516109.378.43$1,775
Apr 20221213104.226.84$1,340
Mar 20221519108.885.08$1,730
Feb 2022131691.054.86$1,261
Jan 2022171981.844.54$1,478
Dec 2021222471.323.90$1,663
Nov 2021262977.435.24$2,165
Oct 2021283279.795.71$2,417
Sep 2021262569.865.35$1,950
Aug 2021222666.024.22$1,562
Jul 2021212870.783.98$1,598
Jun 2021273469.493.38$1,991
May 2021404463.483.02$2,672
Apr 2021253060.362.76$1,592
Mar 2021353361.302.72$2,235
Feb 2021242457.805.55$1,520
Jan 2021274150.412.81$1,476
Dec 2020404844.642.68$1,914
Nov 202010014538.772.71$4,269
Oct 2020355336.972.48$1,425
Sep 2020181837.091.99$703
Aug 2020362439.982.39$1,497
Jul 20201103038.371.83$4,275
Jun 2020792534.901.69$2,799
May 20200016.921.81$0
Apr 2020131114.751.80$212
Mar 2020263630.341.86$856
Feb 2020283649.881.98$1,468
Jan 2020324257.252.09$1,920
Dec 2019293359.012.30$1,787
Nov 2019283755.302.75$1,650
Oct 2019253553.472.42$1,421
Sep 2019263655.052.66$1,527
Aug 2019244053.112.30$1,367
Jul 2019284056.272.46$1,674
Jun 2019294652.782.49$1,645
May 2019326358.482.74$2,044
Apr 2019375962.632.75$2,480
Mar 2019375256.803.06$2,261
Feb 2019376650.852.79$2,066
Jan 2019467346.033.23$2,353
Dec 2018568946.594.19$2,982
Nov 2018509152.934.24$3,032
Oct 2018617061.443.40$3,986
Sep 2018264859.543.11$1,697
Aug 2018395659.403.07$2,488
Jul 2018335465.142.93$2,308
Jun 2018344160.183.08$2,172
May 2018294165.382.90$2,015
Apr 2018333863.842.90$2,217
Mar 2018344561.222.79$2,207
Feb 2018314461.782.77$2,037
Jan 2018233962.874.01$1,602
Dec 2017303757.272.92$1,826
Nov 2017355555.423.12$2,111
Oct 2017246649.292.98$1,380
Sep 201713947.523.09$646
Aug 2017222945.373.00$1,085
Jul 2017403043.873.09$1,847
Jun 2017334142.493.09$1,529
May 2017374145.373.26$1,812
Apr 2017303547.933.21$1,550
Mar 2017262746.772.98$1,297
Feb 2017272950.452.95$1,448
Jan 2017295849.413.42$1,631
Dec 2016266748.763.72$1,517
Nov 2016248242.492.64$1,237
Oct 2016358746.193.09$1,886
Sep 2016334941.553.10$1,523
Aug 2016286241.442.92$1,342
Jul 2016375541.622.92$1,701
Jun 2016386245.352.69$1,890
May 2016285142.521.99$1,292
Apr 2016184536.561.99$748
Mar 2016214833.011.79$779
Feb 2016225326.472.06$692
Jan 2016235527.352.36$759
Dec 2015203732.362.00$721
Nov 2015233638.792.17$970
Oct 2015122143.552.43$574
Sep 201591442.992.76$426
Aug 201515340.162.87$611
Jul 2015121748.152.95$628
Jun 2015151756.152.88$891
May 2015172055.212.96$998
Apr 2015232449.822.71$1,211
Mar 2015232642.892.93$1,063
Feb 2015222844.662.98$1,066
Jan 2015202643.433.10$949
Dec 2014224854.693.59$1,376
Nov 2014153370.464.25$1,197
Oct 2014134378.303.90$1,186
Sep 2014283886.164.05$2,566
Aug 2014173589.394.04$1,661
Jul 2014204596.564.18$2,119
Jun 20143610298.164.74$4,017
May 2014267094.734.73$2,794
Apr 2014354395.944.81$3,565
Mar 2014463595.895.06$4,588
Feb 2014121197.406.19$1,237
Jan 2014382090.404.86$3,532
Dec 2013492591.824.35$4,608
Nov 2013532988.853.74$4,817
Oct 2013453897.423.78$4,528
Sep 20134227104.113.72$4,473
Aug 20134325104.253.52$4,571
Jul 2013368102.523.72$3,720
Jun 201325094.403.93$2,360
May 201336094.834.15$3,414
Apr 20130993.964.28$39
Mar 201317093.623.91$1,592
Feb 201320091.233.42$1,825
Jan 201329091.603.42$2,656
Dec 201257086.773.42$4,946
Nov 201234086.953.62$2,956
Oct 201228289.383.40$2,509
Sep 201226094.672.92$2,461
Aug 201224092.662.91$2,224
Jul 201227085.133.02$2,299
Jun 201227079.822.52$2,155
May 201233091.612.49$3,023
Apr 2012350101.652.00$3,558
Mar 2012270105.052.22$2,836
Feb 20122911101.102.57$2,960
Jan 2012302798.092.73$3,017
Dec 2011383996.873.24$3,807
Nov 2011232795.723.31$2,291
Oct 2011233184.983.65$2,068
Sep 2011204083.623.99$1,832
Aug 2011235083.404.15$2,126
Jul 2011284294.144.52$2,826
Jun 2011221592.904.64$2,113
May 201121598.134.40$2,083
Apr 2011249105.964.33$424
Mar 2011213196.364.06$2,149
Feb 2011172685.644.18$1,565
Jan 2011293386.504.59$2,660
Dec 2010323485.734.35$2,891
Nov 2010233680.843.80$1,996
Oct 2010303078.103.51$2,448
Sep 2010593172.633.98$4,409
Aug 2010783073.684.42$5,880
Jul 2010322972.554.74$2,459
Jun 2010653070.364.91$4,721

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.

Apr 2026 — as filed, then multipliedworked
Oil                   86 bbl  × $ 98.93 =     $8,508
Casinghead gas        43 Mcf  × $  2.87 =       $123

────────────────────────────────────────────────────
Month total                                   $8,631

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/40320 is the state's own key, not one this site invented.