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UNIVERSITY LANDS 25-B

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the MCELROY field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 46178District 08Field 59337001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$10.6 M
Dec 2014 – May 2026
Value, last 12 filed months
$377 k
at the published price for each month
Months reported
138
no gaps in the span
Streams
2
oil, casinghead gas

The MCELROY 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 114 leases and 4,417 wells, and the rule below applies to all of them.

Discovered
1941-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres.

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: “WAS STATED AS THE GRAYBURG SAN ANDRES DOLOMITE AT 3000FT.”

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
OilDisposition195,324 bbl$9,992,550
Casinghead gasProduction225,987 Mcf$616,798
Total$10,609,348

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 31.4686, -102.4128. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46860, -102.41283 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
3,098 ft
1 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.
1100.0%

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 3,098 ft.

Completions filed
Dec 2014
1 of 1 wells

1 well

42-103363911H3,098 ftDec 2014——

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 (138)

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

138 months

May 2026355107106.413.05$38,101
Apr 202625910498.932.87$25,921
Mar 202646610889.753.15$42,164
Feb 20264379363.503.75$28,098
Jan 20266139559.138.00$37,006
Dec 20254317956.664.41$24,769
Nov 20255118658.593.93$30,277
Oct 20254279159.383.30$25,656
Sep 20255328662.743.08$33,642
Aug 20252969563.933.01$19,210
Jul 202537710866.743.32$25,519
Jun 202569310066.483.13$46,384
May 20253069360.553.23$18,829
Apr 20252898662.363.54$18,327
Mar 20256659367.704.27$45,417
Feb 20252298870.884.34$16,614
Jan 202539210474.324.28$29,578
Dec 202432510268.993.12$22,740
Nov 20243989069.052.20$27,680
Oct 202447310171.372.28$33,988
Sep 20242817769.612.36$19,742
Aug 202453512375.632.06$40,716
Jul 202441111879.932.15$33,105
Jun 202427111278.082.63$21,455
May 202464714078.812.20$51,298
Apr 202438614084.451.66$32,830
Mar 202434113880.301.55$27,596
Feb 202441014376.091.78$31,452
Jan 20243318373.023.30$24,443
Dec 20234338571.262.61$31,077
Nov 20234359077.892.81$34,135
Oct 202360410385.443.09$51,924
Sep 20235888989.042.74$52,599
Aug 202376412880.522.67$61,859
Jul 202354512774.852.64$41,129
Jun 202390111368.962.26$62,388
May 202378713470.622.23$55,876
Apr 202388513778.122.24$69,443
Mar 202339614272.852.39$29,188
Feb 202358812175.112.47$44,463
Jan 20231,09513376.533.39$84,251
Dec 202264613776.415.73$50,146
Nov 202253214185.005.65$46,016
Oct 202236717987.185.86$33,045
Sep 202225320584.888.16$23,148
Aug 202228930094.529.13$30,054
Jul 2022481757101.587.54$54,569
Jun 2022384677115.097.98$49,595
May 2022717731109.378.43$84,583
Apr 2022631772104.226.84$71,041
Mar 2022654666108.885.08$74,588
Feb 202247254891.054.86$45,638
Jan 202256757781.844.54$49,022
Dec 202140959171.323.90$31,474
Nov 202168361177.435.24$56,084
Oct 202166856679.795.71$56,534
Sep 202189049969.865.35$64,846
Aug 202182483866.024.22$57,937
Jul 202143397870.783.98$34,542
Jun 202132042569.493.38$23,674
May 202190454563.483.02$59,031
Apr 202192163460.362.76$57,340
Mar 202162262161.302.72$39,816
Feb 202169141557.805.55$42,242
Jan 202188171850.412.81$46,429
Dec 202076677844.642.68$36,276
Nov 202088487438.772.71$36,638
Oct 20208681,49936.972.48$35,805
Sep 20201,1541,36037.091.99$45,510
Aug 20201,10550239.982.39$45,375
Jul 202095863538.371.83$37,917
Jun 202046942734.901.69$17,090
May 20201,1281,54716.921.81$21,893
Apr 20208851,98414.751.80$16,634
Mar 20201,1522,75930.341.86$40,073
Feb 20201,2682,60649.881.98$68,409
Jan 20201,4862,76857.252.09$90,872
Dec 20191,1292,91459.012.30$73,337
Nov 20191,0982,78755.302.75$68,386
Oct 20199032,21053.472.42$53,628
Sep 2019904055.052.66$49,765
Aug 20191,173053.112.30$62,298
Jul 2019969056.272.46$54,526
Jun 2019603052.782.49$31,826
May 2019830058.482.74$48,538
Apr 2019822062.632.75$51,482
Mar 20191,006056.803.06$57,141
Feb 20191,180050.852.79$60,003
Jan 20191,002046.033.23$46,122
Dec 20181,106046.594.19$51,529
Nov 2018790052.934.24$41,815
Oct 20181,093061.443.40$67,154
Sep 20181,374059.543.11$81,808
Aug 20181,36512359.403.07$81,458
Jul 20181,35920265.142.93$89,118
Jun 20181,38625460.183.08$84,191
May 20181,42822265.382.90$94,007
Apr 20181,42024663.842.90$91,366
Mar 20181,58628361.222.79$97,884
Feb 20181,17524061.782.77$73,255
Jan 20181,44533862.874.01$92,202
Dec 20171,63489557.272.92$96,194
Nov 20171,8361,79355.423.12$107,342
Oct 20171,6034049.292.98$79,131
Sep 20171,672047.523.09$79,453
Aug 20172,1001,54345.373.00$99,913
Jul 20171,7732,87743.873.09$86,664
Jun 20171,8462,48142.493.09$86,096
May 20171,5612,84845.373.26$80,117
Apr 20171,4951,55747.933.21$76,656
Mar 20172,08578046.772.98$99,843
Feb 20171,9981,24750.452.95$104,481
Jan 20172,2941,04149.413.42$116,906
Dec 20161,8722,54848.763.72$100,764
Nov 20162,2953,50042.492.64$106,770
Oct 20162,0194,28646.193.09$106,502
Sep 20162,3725,27841.553.10$114,922
Aug 20162,8226,20041.442.92$135,075
Jul 20162,1306,25841.622.92$106,951
Jun 20162,5005,74045.352.69$128,792
May 20163,0196,22742.521.99$140,766
Apr 20162,7948,29136.561.99$118,656
Mar 20163,5129,85233.011.79$133,606
Feb 20162,9319,29826.472.06$96,771
Jan 20163,48910,25227.352.36$119,664
Dec 20153,8069,37232.362.00$141,919
Nov 20154,2939,26838.792.17$186,612
Oct 20154,4638,26443.552.43$214,417
Sep 20155,4547,28242.992.76$254,554
Aug 20153,4844,49640.162.87$152,832
Jul 20154,6016,50948.152.95$240,708
Jun 20155,1336,11556.152.88$305,847
May 20156,2147,45255.212.96$365,099
Apr 20156,4717,08449.822.71$341,559
Mar 20157,8068,00442.892.93$358,289
Feb 20157,1807,02544.662.98$341,567
Jan 20158,9105,21043.433.10$403,116
Dec 2014241054.693.59$13,180

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.

May 2026 — as filed, then multipliedworked
Oil                  355 bbl  × $106.41 =    $37,776
Casinghead gas       107 Mcf  × $  3.05 =       $326

────────────────────────────────────────────────────
Month total                                  $38,101

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/46178 is the state's own key, not one this site invented.