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FAYE

Operated by OWL OPS II LLC (P-5 100912) in the UNIVERSITY 31 WEST (U. DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 44807District 08Field 92505500OilCasinghead gasSaveExport
Value, all time
$14.7 M
Dec 2013 – May 2026
Value, last 12 filed months
$433 k
at the published price for each month
Months reported
150
no gaps in the span
Streams
2
oil, casinghead gas

The UNIVERSITY 31 WEST (U. DEVONIAN) 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 38 leases and 104 wells, and the rule below applies to all of them.

Discovered
2011-10-27
as the register files it
Field class
Oil
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 20 acres. The field rule took effect on 2016-01-12.

The Commission's schedule remark for this field reads: “ TO RULE 51 (A) , 10 DAY RULE.STACKED LATERAL RULES ADOPTED.”

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
OilDisposition243,502 bbl$13,870,512
Casinghead gasProduction224,571 Mcf$782,196
Total$14,652,708

Wells on this lease (6)

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 31.4688, -102.5287. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.0 miles.

31.46598, -102.53011 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
9,320 ft
6 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.
6100.0%

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 9,184 and 10,380 ft, median 9,320 ft, over the 6 wells that filed a depth.

Completions filed
Dec 2013 – Sep 2014
6 of 6 wells

6 wells

42-1033639324099,295 ftSep 2014——
42-1033637824129,184 ftAug 2014——
42-10336289131310,380 ftMay 2014——
42-1033629014139,345 ftMay 2014——
42-1033621824109,288 ftFeb 2014——
42-10336222261010,140 ftDec 2013——

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 (150)

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

150 months

May 202600106.413.05$0
Apr 202654021598.932.87$54,039
Mar 202654424889.753.15$49,605
Feb 202654820663.503.75$35,571
Jan 202654522859.138.00$34,049
Dec 202573325456.664.41$42,653
Nov 202553224258.593.93$32,120
Oct 202554730459.383.30$33,486
Sep 202571223762.743.08$45,400
Aug 202570121263.933.01$45,454
Jul 202553415666.743.32$36,156
Jun 202536517666.483.13$24,816
May 202552413960.553.23$32,177
Apr 202517728462.363.54$12,044
Mar 202536222067.704.27$25,446
Feb 202536022870.884.34$26,507
Jan 202553826574.324.28$41,118
Dec 202488115068.993.12$61,248
Nov 202471734069.052.20$50,256
Oct 202449625171.372.28$35,972
Sep 202490212869.612.36$63,091
Aug 202486913475.632.06$65,999
Jul 202488223179.932.15$70,994
Jun 202488917378.082.63$69,869
May 202486320678.812.20$68,466
Apr 202451521284.451.66$43,844
Mar 202469113180.301.55$55,690
Feb 202468418976.091.78$52,383
Jan 202472825973.023.30$54,013
Dec 202318126271.262.61$13,582
Nov 202352318477.892.81$41,253
Oct 20231,09218485.443.09$93,869
Sep 202375126789.042.74$67,599
Aug 202354923180.522.67$44,823
Jul 202355924574.852.64$42,488
Jun 202374024068.962.26$51,572
May 202372536570.622.23$52,013
Apr 20231721,04178.122.24$15,766
Mar 20239171,21072.852.39$69,699
Feb 20235611,19775.112.47$45,088
Jan 20238831,69276.533.39$73,308
Dec 20221,1011,76876.415.73$94,256
Nov 20221,0611,65985.005.65$99,552
Oct 20221,3782,59587.185.86$135,351
Sep 20227102,25484.888.16$78,666
Aug 20221,0692,22594.529.13$121,350
Jul 20229082,052101.587.54$107,711
Jun 20221,0191,742115.097.98$131,173
May 20228901,879109.378.43$113,185
Apr 20229661,535104.226.84$111,172
Mar 20229611,326108.885.08$111,365
Feb 20221,2051,29391.054.86$115,998
Jan 20228021,31481.844.54$71,598
Dec 20211,0051,41771.323.90$77,202
Nov 20216621,42277.435.24$58,705
Oct 20218351,72079.795.71$76,453
Sep 20218341,67269.865.35$67,210
Aug 20219561,88266.024.22$71,058
Jul 20211,2721,75270.783.98$97,009
Jun 20219391,34869.493.38$69,808
May 20211,1541,77163.483.02$78,600
Apr 20211,1391,65060.362.76$73,301
Mar 20211,1751,85061.302.72$77,054
Feb 20211,0311,20357.805.55$66,266
Jan 20211,0051,55950.412.81$55,043
Dec 20201,3421,75444.642.68$64,600
Nov 20201,3481,79538.772.71$57,120
Oct 20201,6582,07836.972.48$66,446
Sep 20201,1452,07337.091.99$46,595
Aug 20201,6412,51439.982.39$71,603
Jul 20201,8352,69538.371.83$75,328
Jun 20201,1802,29134.901.69$45,055
May 20201,6782,45616.921.81$32,849
Apr 20201,5201,90014.751.80$25,848
Mar 20201,8261,98030.341.86$59,076
Feb 20201,3391,79649.881.98$70,347
Jan 20201,3541,08557.252.09$79,789
Dec 20191,6581,83459.012.30$102,065
Nov 20191,6911,59655.302.75$97,902
Oct 20191,5201,68653.472.42$85,352
Sep 20191,6812,04755.052.66$97,979
Aug 20191,8521,72953.112.30$102,344
Jul 20191,0601,44456.272.46$63,199
Jun 20191,2541,44952.782.49$69,796
May 20191,7631,93058.482.74$108,389
Apr 20191,4361,83762.632.75$94,990
Mar 20191,7991,65256.803.06$107,242
Feb 20191,3031,44350.852.79$70,287
Jan 20191,8521,49446.033.23$90,070
Dec 20181,4461,49346.594.19$73,618
Nov 20181,4971,44452.934.24$85,355
Oct 20181,7981,62961.443.40$116,005
Sep 20181,4401,59559.543.11$90,695
Aug 20181,4641,42159.403.07$91,319
Jul 20181,9771,38065.142.93$132,828
Jun 20181,2571,27560.183.08$79,569
May 20181,6291,44865.382.90$110,704
Apr 20181,2891,33263.842.90$86,154
Mar 20181,6621,18461.222.79$105,047
Feb 20181,46895361.782.77$93,329
Jan 20181,79096562.874.01$116,406
Dec 20171,44986857.272.92$85,520
Nov 20171,44291055.423.12$82,753
Oct 20171,6151,16149.292.98$83,067
Sep 20171,5951,32247.523.09$79,876
Aug 20171,6091,32345.373.00$76,975
Jul 20171,5781,32143.873.09$73,305
Jun 20171,7301,20942.493.09$77,240
May 20171,7501,13345.373.26$83,095
Apr 20171,5501,03047.933.21$77,599
Mar 201786582146.772.98$42,906
Feb 201734463450.452.95$19,227
Jan 20171,7251,14749.413.42$89,154
Dec 20162,6091,51948.763.72$132,870
Nov 20163,5341,92142.492.64$155,239
Oct 20163,6462,67646.193.09$176,678
Sep 20162,5691,71741.553.10$112,066
Aug 20162,6241,65941.442.92$113,590
Jul 20162,4151,73341.622.92$105,580
Jun 20162,2511,82945.352.69$106,995
May 20162,2431,53942.521.99$98,437
Apr 20162,4021,29536.561.99$90,396
Mar 20162,7261,61333.011.79$92,879
Feb 20162,9161,82326.472.06$80,949
Jan 20161,02881727.352.36$30,047
Dec 20154,8482,50932.362.00$161,903
Nov 20156,1313,15938.792.17$244,668
Oct 20155,4373,35543.552.43$244,923
Sep 20152,2511,46042.992.76$100,798
Aug 20155,9493,70340.162.87$249,549
Jul 20155,4724,36848.152.95$276,341
Jun 20154,6523,59756.152.88$271,579
May 20153,9143,40755.212.96$226,161
Apr 20154,8823,82649.822.71$253,577
Mar 20153,9383,22742.892.93$178,371
Feb 20153,8373,75644.662.98$182,539
Jan 20155,2274,10043.433.10$239,721
Dec 20145,9835,04054.693.59$345,311
Nov 20146,7925,43770.464.25$501,682
Oct 20146,8745,87278.303.90$561,141
Sep 20143,3464,42986.164.05$306,209
Aug 20141,2981,73789.394.04$123,037
Jul 20141,7462,24196.564.18$177,960
Jun 20142,1053,25698.164.74$222,050
May 20141,7611,85394.734.73$175,578
Apr 20141,6182,22595.944.81$165,931
Mar 20141,7423,49395.895.06$184,704
Feb 201492364497.406.19$93,888
Jan 2014010890.404.86$525
Dec 201304891.824.35$209

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                  540 bbl  × $ 98.93 =    $53,422
Casinghead gas       215 Mcf  × $  2.87 =       $617

────────────────────────────────────────────────────
Month total                                  $54,039

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/44807 is the state's own key, not one this site invented.