UNIVERSITY "12-E"

Operated by CONTANGO RESOURCES, LLC (P-5 100222) in the BLOCK 12 field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 420District 08Field 09250001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$3.0 M
Jan 1993 – Mar 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
363
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 34 leases and 62 wells, and the rule below applies to all of them.

Discovered
1946-10-22
as the register files it
Field class
Oil
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-12-17.

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: NO PLATS REQUIRED FOR VERTICAL,BUT MUST KEY ACRES

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
OilDisposition62,575 bbl$2,117,324
Casinghead gasProduction384,898 Mcf$850,918
Total$2,968,241

165,182 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.2319, -102.8516. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.23194, -102.85121 · 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
100.0%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
10,276 ft
4 wells filed one
Completion to plug
16.1 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 10,269 and 10,300 ft, median 10,276 ft, over the 4 wells that filed a depth.

Completions filed
Jun 1988 – Sep 2008
4 of 4 wells
Plug dates filed
Oct 2001 – Mar 2023
4 of 4 wells

Last completion to plug: a median of 16.1 years across the 4 wells that filed both dates, with the middle half between 10.9 years and 20.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-00306596510,275 ftSep 2008May 2012Yes
42-00306571310,300 ftMay 2004Mar 2023Yes
42-00306591410,269 ftJul 1988Aug 2012Yes
42-00306535110,277 ftJun 1988Oct 2001Yes

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 (363)

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

363 months

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 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170446.772.98$12
Feb 20170150.452.95$3
Jan 20170149.413.42$3
Dec 20165148.763.72$248
Nov 20160842.492.64$21
Oct 201604346.193.09$133
Sep 2016173241.553.10$806
Aug 201603141.442.92$91
Jul 201660041.622.92$2,497
Jun 20160045.352.69$0
May 2016010942.521.99$217
Apr 20167819236.561.99$3,234
Mar 201610731333.011.79$4,094
Feb 20166945826.472.06$2,772
Jan 201610220427.352.36$3,272
Dec 20156221032.362.00$2,427
Nov 20156817538.792.17$3,017
Oct 20156719543.552.43$3,391
Sep 20155920842.992.76$3,110
Aug 20155818440.162.87$2,858
Jul 20155813448.152.95$3,187
Jun 201515814356.152.88$9,284
May 2015053655.212.96$1,584
Apr 20154416849.822.71$2,647
Mar 20159312842.892.93$4,364
Feb 20155311144.662.98$2,697
Jan 20152815643.433.10$1,700
Dec 2014289054.693.59$1,855
Nov 2014011270.464.25$476
Oct 20146719478.303.90$6,003
Sep 2014020686.164.05$833
Aug 20143723089.394.04$4,236
Jul 201414825696.564.18$15,361
Jun 201410025498.164.74$11,019
May 201411822194.734.73$12,223
Apr 201411343895.944.81$12,948
Mar 201414347295.895.06$16,099
Feb 2014052597.406.19$3,251
Jan 20148517290.404.86$8,520
Dec 20135718891.824.35$6,052
Nov 20139722388.853.74$9,452
Oct 201314744497.423.78$15,999
Sep 201383699104.113.72$11,240
Aug 2013137607104.253.52$16,420
Jul 201356406102.523.72$7,251
Jun 20136129494.403.93$6,915
May 201339625294.834.15$38,598
Apr 201317833193.964.28$18,142
Mar 2013032993.623.91$1,287
Feb 201317431591.233.42$16,951
Jan 2013030591.603.42$1,043
Dec 201217630986.773.42$16,328
Nov 201235333586.953.62$31,908
Oct 2012036889.383.40$1,251
Sep 201235337794.672.92$34,519
Aug 2012039092.662.91$1,134
Jul 201234639385.133.02$30,642
Jun 2012034479.822.52$867
May 2012039791.612.49$988
Apr 20120339101.652.00$677
Mar 2012352389105.052.22$37,842
Feb 2012076101.102.57$195
Jan 20120498.092.73$11
Dec 20113519996.873.24$34,322
Nov 2011031195.723.31$1,030
Oct 2011037484.983.65$1,365
Sep 2011038183.623.99$1,519
Aug 2011038383.404.15$1,589
Jul 201116637094.144.52$17,299
Jun 2011028992.904.64$1,341
May 201117633098.134.40$18,724
Apr 2011159272105.964.33$18,026
Mar 201117420196.364.06$17,582
Feb 2011028385.644.18$1,183
Jan 201116135586.504.59$15,556
Dec 201017830485.734.35$16,582
Nov 2010031380.843.80$1,188
Oct 201017820078.103.51$14,604
Sep 2010154072.633.98$11,185
Aug 2010173073.684.42$12,747
Jul 20100072.554.74$0
Jun 201016924470.364.91$13,089
May 2010042471.124.24$1,796
Apr 201017242781.694.12$15,811
Mar 201016437478.394.39$14,497
Feb 201017232473.585.44$14,419
Jan 2010033674.365.96$2,004
Dec 200917242971.445.48$14,640
Nov 200916645374.593.75$14,081
Oct 2009038472.544.11$1,578
Sep 200917546665.543.06$12,898
Aug 200917247667.423.22$13,128
Jul 200916948861.133.46$12,022
Jun 2009047966.163.90$1,866
May 200917451054.743.93$11,527
Apr 200917443346.773.59$9,691
Mar 2009025942.144.06$1,051
Feb 200918712132.814.63$6,696
Jan 200918736735.865.37$8,677
Dec 2008045237.105.98$2,702
Nov 200818934255.496.86$12,834
Oct 200817717375.246.92$14,515
Sep 2008184202101.767.88$20,315
Aug 2008175503114.228.48$24,255
Jul 2008186395131.0811.39$28,880
Jun 2008092131.3313.03$1,199
May 2008171257123.1711.57$24,037
Apr 2008175202110.3110.45$21,416
Mar 2008170228101.909.66$19,526
Feb 2008031692.538.77$2,772
Jan 200817049290.388.21$19,402
Dec 200717053488.337.30$18,915
Nov 2007150591.677.29$3,774
Oct 200717047482.856.92$17,366
Sep 200717238975.846.24$15,473
Aug 200716951969.066.39$14,986
Jul 2007054870.906.39$3,501
Jun 200716947762.007.55$14,079
May 200717545858.747.85$13,873
Apr 200717044259.617.81$13,584
Mar 2007051556.927.30$3,761
Feb 200716749155.108.22$13,236
Jan 200716853750.306.73$12,063
Dec 200616355756.656.92$13,088
Nov 2006254354.207.62$4,245
Oct 200617357154.906.01$12,932
Sep 200617455160.085.04$13,229
Aug 2006357868.717.34$4,449
Jul 200617060969.376.34$15,656
Jun 200617560166.286.38$15,436
May 200636061666.016.42$27,721
Apr 2006062164.397.36$4,571
Mar 2006067656.707.08$4,788
Feb 200616361457.597.75$14,146
Jan 200617468460.598.93$16,653
Dec 200517561354.9413.42$17,838
Nov 20052271454.6910.59$8,763
Oct 200517273558.3413.80$20,174
Sep 200517451661.4512.08$16,925
Aug 200517172161.519.80$17,582
Jul 200516868555.697.84$14,729
Jun 200517048252.337.38$12,454
May 2005043045.226.65$2,860
Apr 200534850149.207.36$20,809
Mar 2005160050.377.15$4,343
Feb 2005050545.226.31$3,188
Jan 200517661543.166.32$11,484
Dec 200417461039.866.75$11,054
Nov 200417953845.286.33$11,511
Oct 200416966149.706.52$12,706
Sep 200418360143.245.28$11,089
Aug 200417649542.375.55$10,205
Jul 2004045838.286.08$2,787
Jun 200417853536.106.43$9,867
May 200418061937.486.49$10,767
Apr 20041911,06834.475.86$12,841
Mar 20041821,32434.365.53$13,575
Feb 20043331,16332.455.51$17,214
Jan 20045211,31932.036.30$24,997
Dec 200311,05830.266.30$6,697
Nov 20031841,35628.804.60$11,530
Oct 20031851,35528.174.76$11,661
Sep 20033901,30126.314.75$16,440
Aug 20031951,39829.765.13$12,975
Jul 20031851,40329.415.17$12,696
Jun 20033461,33328.565.98$17,857
May 20033521,40426.595.97$17,745
Apr 20033441,36726.675.41$16,566
Mar 20033571,43131.146.10$19,840
Feb 200311,15433.487.93$9,180
Jan 20033611,36730.315.58$18,573
Dec 20023621,42126.914.85$16,639
Nov 20023581,40524.664.14$14,641
Oct 20021811,48926.464.23$11,086
Sep 20023531,39627.443.64$14,761
Aug 20021781,16825.963.16$8,317
Jul 20021801,58124.583.06$9,265
Jun 20023541,60323.733.34$13,752
May 20023531,63324.663.58$14,558
Apr 20025281,60523.653.51$18,124
Mar 2002092622.003.10$2,873
Feb 200236580418.222.38$8,560
Jan 200201,07317.172.38$2,549
Dec 20011851,32416.932.36$6,263
Nov 20013661,33718.072.41$9,830
Oct 20011911,48419.782.53$7,531
Sep 20013721,48024.262.25$12,357
Aug 20011821,56024.873.05$9,289
Jul 20013511,63223.933.20$13,617
Jun 20013601,51224.563.82$14,624
May 20011841,37025.524.31$10,597
Apr 20011901,34424.685.34$11,860
Mar 20013621,40624.545.38$16,443
Feb 20013521,29927.755.77$17,259
Jan 20015521,43227.478.40$27,190
Dec 200011,47126.889.12$13,446
Nov 200001,49332.215.66$8,447
Oct 20003741,59131.235.15$19,867
Sep 20003561,47531.875.19$18,996
Aug 20003691,31929.644.54$16,926
Jul 20001891,10028.534.09$9,891
Jun 200019993829.304.40$9,955
May 200036670027.263.68$12,553
Apr 200017875924.513.12$6,728
Mar 200018778128.422.86$7,548
Feb 200056376727.622.73$17,641
Jan 2000069725.272.48$1,729
Dec 199936611324.282.42$9,160
Nov 1999146523.192.43$1,155
Oct 199918793320.982.80$6,539
Sep 199934594021.752.62$9,965
Aug 19991711,00419.262.88$6,181
Jul 19991861,00617.892.37$5,714
Jun 199935294715.942.36$7,848
May 19991801,06015.792.32$5,302
Apr 19991821,09815.102.21$5,173
Mar 19991951,61712.471.84$5,404
Feb 19993782,5899.981.82$8,479
Jan 19993802,90110.381.90$9,456
Dec 19985613,2419.201.77$10,909
Nov 19981833,34710.892.19$9,308
Oct 19983693,54312.421.97$11,560
Sep 19987063,58112.592.08$16,346
Aug 19983693,69011.301.91$11,208
Jul 19983543,05511.742.24$10,991
Jun 19983333,03811.242.24$10,540
May 19981693,29012.622.21$9,392
Apr 19983363,26313.042.51$12,556
Mar 19988323,52912.802.31$18,800
Feb 199802,96913.952.30$6,826
Jan 19986813,36214.702.15$17,255
Dec 19971693,44016.322.41$11,052
Nov 19975063,44018.193.09$19,828
Oct 19976533,03219.253.15$22,121
Sep 19976753,62217.742.95$22,677
Aug 19973383,72617.862.55$15,556
Jul 19973373,75717.582.25$14,366
Jun 19973373,65617.242.26$14,062
May 19973373,87218.972.31$15,331
Apr 19973393,98117.882.08$14,353
Mar 19976764,20018.951.94$20,955
Feb 19973233,81120.492.21$15,025
Jan 19976922,53623.483.54$25,225
Dec 19963563,60723.32$8,302
Nov 19963663,61021.97$8,041
Oct 19963611,54423.31$8,415
Sep 19967253,37922.22$16,110
Aug 19963634,33020.26$7,354
Jul 19963674,24119.55$7,175
Jun 19967113,79718.73$13,317
May 19963484,50519.43$6,762
Apr 19966614,02521.51$14,218
Mar 19963364,10019.38$6,512
Feb 19966703,49716.98$11,377
Jan 19966644,20317.07$11,334
Dec 19953044,17317.19$5,226
Nov 19956834,29816.00$10,928
Oct 19956564,78515.43$10,122
Sep 19956284,09516.18$10,161
Aug 19956604,08115.92$10,507
Jul 19953274,71315.24$4,983
Jun 19956583,42416.41$10,798
May 19959874,56517.56$17,332
Apr 19956505,14117.73$11,525
Mar 19959736,55016.44$15,996
Feb 19954565,60916.58$7,560
Jan 19952511,90915.92$3,996
Dec 19944922,55515.03$7,395
Nov 199402,57315.90$0
Oct 19942822,83515.58$4,394
Sep 19943523,50815.29$5,382
Aug 1994143,01516.13$226
Jul 19943533,75117.56$6,199
Jun 19943643,69517.09$6,221
May 19943691,88515.88$5,860
Apr 19943002,26214.14$4,242
Mar 1994112,96712.46$137
Feb 19942982,44912.50$3,725
Jan 19942932,81412.66$3,709
Dec 19933143,18912.33$3,872
Nov 19932983,02414.49$4,318
Oct 19932253,13215.85$3,566
Sep 1993122,89515.03$180
Aug 19932872,18715.66$4,494
Jul 19932432,15815.46$3,757
Jun 199372,34216.79$118
May 19933262,57217.68$5,764
Apr 1993652,67318.05$1,173
Mar 19936152,38618.14$11,156
Feb 19932922,72317.90$5,227
Jan 1993203,41116.93$339

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.

Mar 2017 — as filed, then multipliedworked
Oil                    0 bbl  × $ 46.77 =         $0
Casinghead gas         4 Mcf  × $  2.98 =        $12

────────────────────────────────────────────────────
Month total                                      $12

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/420 is the state's own key, not one this site invented.