UNIVERSITY 12-15

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 42064District 08Field 09250001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$1.6 M
Jul 2011 – Jun 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
132
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
OilDisposition18,156 bbl$1,518,418
Casinghead gasProduction26,078 Mcf$85,474
Total$1,603,892

Wells on this lease (1)

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 32.2476, -102.8680. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.24762, -102.86803 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,874 ft
1 wells filed one
Completion to plug
10.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 7,874 ft.

Completions filed
Jul 2011
1 of 1 wells
Plug dates filed
May 2022
1 of 1 wells

Last completion to plug: a median of 10.8 years across the 1 well that filed both dates, with the middle half between 10.8 years and 10.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0034292717,874 ftJul 2011May 2022Yes

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 (132)

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

132 months

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 202099014.751.80$1,460
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 20190952.782.49$22
May 20190058.482.74$0
Apr 20190362.632.75$8
Mar 201909356.803.06$285
Feb 201908450.852.79$235
Jan 201909346.033.23$300
Dec 201809346.594.19$389
Nov 201809052.934.24$381
Oct 201809361.443.40$316
Sep 201809459.543.11$292
Aug 2018011459.403.07$350
Jul 2018011665.142.93$340
Jun 2018639060.183.08$4,068
May 201809365.382.90$270
Apr 2018011063.842.90$319
Mar 2018012361.222.79$343
Feb 2018010061.782.77$277
Jan 2018010762.874.01$429
Dec 2017012757.272.92$371
Nov 2017010055.423.12$312
Oct 201709949.292.98$295
Sep 201709047.523.09$278
Aug 201709645.373.00$288
Jul 2017010943.873.09$337
Jun 201708042.493.09$247
May 201701845.373.26$59
Apr 201708147.933.21$260
Mar 201701446.772.98$42
Feb 201709450.452.95$278
Jan 201702549.413.42$85
Dec 201601748.763.72$63
Nov 201606342.492.64$167
Oct 2016015046.193.09$464
Sep 201617333741.553.10$8,233
Aug 2016036941.442.92$1,079
Jul 201615036741.622.92$7,316
Jun 201617116145.352.69$8,187
May 201617334042.521.99$8,033
Apr 2016036636.561.99$729
Mar 201617035533.011.79$6,249
Feb 201617328626.472.06$5,170
Jan 2016026727.352.36$631
Dec 201516829032.362.00$6,017
Nov 201516827838.792.17$7,119
Oct 201517133343.552.43$8,255
Sep 2015030942.992.76$852
Aug 201516835340.162.87$7,761
Jul 2015036048.152.95$1,060
Jun 201516335056.152.88$10,161
May 201517135455.212.96$10,487
Apr 201517234149.822.71$9,492
Mar 201517936242.892.93$8,740
Feb 201517931844.662.98$8,941
Jan 201517737143.433.10$8,837
Dec 201418237354.693.59$11,293
Nov 2014031370.464.25$1,331
Oct 201417225678.303.90$14,466
Sep 201433038086.164.05$29,970
Aug 201417440789.394.04$17,196
Jul 201417341996.564.18$18,456
Jun 201417544798.164.74$19,295
May 201417938994.734.73$18,795
Apr 201417145895.944.81$18,608
Mar 201417344995.895.06$18,859
Feb 201417839497.406.19$19,777
Jan 201417826290.404.86$17,365
Dec 201317325191.824.35$16,978
Nov 2013014888.853.74$553
Oct 201304597.423.78$170
Sep 20130115104.113.72$428
Aug 2013172354104.253.52$19,178
Jul 2013174427102.523.72$19,426
Jun 201317444094.403.93$18,156
May 201335452494.834.15$35,744
Apr 2013014493.964.28$617
Mar 20130093.623.91$0
Feb 201317618191.233.42$16,675
Jan 201317937391.603.42$17,672
Dec 201234932686.773.42$31,398
Nov 201235520386.953.62$31,603
Oct 2012036489.383.40$1,237
Sep 201235238294.672.92$34,439
Aug 201235641192.662.91$34,182
Jul 201236528585.133.02$31,933
Jun 201246741979.822.52$38,331
May 201217744691.612.49$17,325
Apr 2012524485101.652.00$54,233
Mar 2012690528105.052.22$73,658
Feb 2012354486101.102.57$37,039
Jan 20121,2411,01498.092.73$124,502
Dec 20111,2491,12396.873.24$124,629
Nov 20111,4131,53195.723.31$140,322
Oct 20111,74799184.983.65$152,076
Sep 20111,607083.623.99$134,377
Aug 2011535083.404.15$44,619
Jul 20110094.144.52$0

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 2020 — as filed, then multipliedworked
Oil                   99 bbl  × $ 14.75 =     $1,460
Casinghead gas         0 Mcf  × $  1.80 =         $0

────────────────────────────────────────────────────
Month total                                   $1,460

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/42064 is the state's own key, not one this site invented.