UNIVERSITY "7-22"

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 40394District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$8.4 M
Jul 2010 – Nov 2013
Value, last 12 filed months
$1.7 M
at the published price for each month
Months reported
41
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
OilDisposition88,678 bbl$7,910,221
Casinghead gasProduction126,032 Mcf$459,960
Total$8,370,181

Wells on this lease (5)

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 32.3765, -102.2646. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

32.37570, -102.26508 · 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
20.0%
1 of 5 wells
With a plug date
20.0%
1 of 5 wells
Median depth
11,088 ft
5 wells filed one
Completion to plug
9.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
120.0%
A plug date is filed
120.0%
BothOn the schedule and plugged. Neither fact cancels the other.
120.0%
NeitherNo plug date, and not on the schedule.
480.0%

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 5,767 and 11,803 ft, median 11,088 ft, over the 5 wells that filed a depth.

Completions filed
Jul 2010 – Oct 2022
5 of 5 wells
Plug dates filed
Jan 2020
1 of 5 wells; 4 filed none

Last completion to plug: a median of 9.5 years across the 1 well that filed both dates, with the middle half between 9.5 years and 9.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-003418415D5,767 ftOct 2022
42-00343430511,803 ftSep 2012
42-00341561211,088 ftSep 2010
42-00341430111,081 ftAug 2010
42-00341431311,186 ftJul 2010Jan 2020Yes

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 (41)

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

41 months

Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20131,8734,79294.403.93$195,660
May 20131,9774,27794.834.15$205,225
Apr 20132,1723,85193.964.28$220,573
Mar 20132,7225,13793.623.91$274,934
Feb 20132,3135,09291.233.42$228,429
Jan 20133,0356,31391.603.42$299,596
Dec 20123,2117,79986.773.42$305,292
Nov 20122,61613,52586.953.62$276,489
Oct 20123,9475,51789.383.40$371,539
Sep 20121,9042,51094.672.92$187,577
Aug 20124,6373,97992.662.91$441,236
Jul 20124,6145,76985.133.02$410,217
Jun 20122,54898879.822.52$205,870
May 201273768691.612.49$69,224
Apr 20122,1922,077101.652.00$226,964
Mar 20122,8821,814105.052.22$306,785
Feb 20121,107581101.102.57$113,411
Jan 20121,30089698.092.73$129,967
Dec 20111,1081,42196.873.24$111,936
Nov 20112,5872,90695.723.31$257,250
Oct 20112,5142,97584.983.65$224,494
Sep 20114,9435,86083.623.99$436,690
Aug 20113,7565,45983.404.15$335,902
Jul 20113,5583,04494.144.52$348,701
Jun 20111,9621,22992.904.64$187,972
May 201153623898.134.40$53,646
Apr 20111,4221,115105.964.33$155,507
Mar 20111,7701,59896.364.06$177,041
Feb 20111,7701,61685.644.18$158,338
Jan 20113,2311,86586.504.59$288,040
Dec 20101,9861,76785.734.35$177,942
Nov 20104,5284,38680.843.80$382,690
Oct 20103,9066,69978.103.51$328,565
Sep 20102,1964,48972.633.98$177,359
Aug 20101,1133,35973.684.42$96,850
Jul 2010540372.554.74$2,272

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 2013 — as filed, then multipliedworked
Oil                1,873 bbl  × $ 94.40 =   $176,811
Casinghead gas     4,792 Mcf  × $  3.93 =    $18,849

────────────────────────────────────────────────────
Month total                                 $195,660

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/40394 is the state's own key, not one this site invented.