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UNIVERSITY 31

Operated by RING ENERGY, INC. (P-5 712382) in the EMMA (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 46863District 08Field 28899166OilCasinghead gasSave
Value, all time
$56.7 M
May 2015 – May 2026
Value, last 12 filed months
$1.7 M
at the published price for each month
Months reported
133
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition833,628 bbl$49,509,192
Casinghead gasProduction2,055,039 Mcf$7,162,582
Total$56,671,774

Wells on this lease (3)

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 32.1499, -102.6210. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.14928, -102.62038 · 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 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
10,626 ft
3 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.
3100.0%

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 9,791 and 10,664 ft, median 10,626 ft, over the 3 wells that filed a depth.

Completions filed
May 2015 – Nov 2019
3 of 3 wells

3 wells

42-003479126H10,626 ftNov 2019——
42-003478443H9,791 ftNov 2019——
42-003469041H10,664 ftMay 2015——

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 (133)

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

133 months

May 20261,8427,184106.413.05$217,889
Apr 20261,6906,62498.932.87$186,201
Mar 20261,6115,43589.753.15$161,704
Feb 20261,4594,89963.503.75$111,019
Jan 20262,0225,58459.138.00$164,221
Dec 20252,1246,98256.664.41$151,160
Nov 20251,6814,58458.593.93$116,489
Oct 20251,5426,89059.383.30$114,334
Sep 20251,5917,22562.743.08$122,050
Aug 20251,4095,15663.933.01$105,621
Jul 20251,7025,16766.743.32$130,721
Jun 20251,7387,74666.483.13$139,777
May 20251,5012,71760.553.23$99,668
Apr 20251,8083,99662.363.54$126,905
Mar 20251,8185,67767.704.27$147,310
Feb 20251,7665,32870.884.34$148,302
Jan 20252,1405,60374.324.28$183,018
Dec 20241,7575,92768.993.12$139,716
Nov 20241,8636,15569.052.20$142,172
Oct 20242,1016,40671.372.28$164,563
Sep 20241,9126,16169.612.36$147,661
Aug 20242,2686,38875.632.06$184,711
Jul 20242,2016,74379.932.15$190,400
Jun 20242,6676,64378.082.63$225,737
May 20242,0947,53978.812.20$181,602
Apr 20241,9963,33884.451.66$174,101
Mar 20244,30410,22580.301.55$361,410
Feb 20245,59711,38976.091.78$446,190
Jan 20242,5066,37073.023.30$203,994
Dec 20232,5057,21471.262.61$197,340
Nov 20233,0837,44477.892.81$261,034
Oct 20232,9387,92485.443.09$275,486
Sep 20232,0545,73689.042.74$198,576
Aug 20232,6026,31680.522.67$226,395
Jul 20235,88114,11574.852.64$477,482
Jun 20235,70817,67868.962.26$433,549
May 20236,92419,72670.622.23$532,911
Apr 20237,09317,82578.122.24$593,993
Mar 20237,40819,55272.852.39$586,464
Feb 20236,78115,62075.112.47$547,835
Jan 20237,21818,37876.533.39$614,653
Dec 20228,00921,41376.415.73$734,644
Nov 20228,38420,57385.005.65$828,799
Oct 20228,37320,86887.185.86$852,323
Sep 20229,19823,01084.888.16$968,573
Aug 20229,69024,84294.529.13$1,142,636
Jul 20229,64423,429101.587.54$1,156,341
Jun 20229,69021,748115.097.98$1,288,710
May 20229,96421,199109.378.43$1,268,535
Apr 20228,85019,914104.226.84$1,058,511
Mar 20228,58219,017108.885.08$1,030,946
Feb 20228,68520,27291.054.86$889,268
Jan 202211,65026,13181.844.54$1,072,010
Dec 202111,77926,88271.323.90$944,894
Nov 202112,40025,67277.435.24$1,094,572
Oct 202110,47223,40979.795.71$969,317
Sep 202112,28126,47669.865.35$999,622
Aug 202113,25926,46766.024.22$987,066
Jul 202110,08619,39570.783.98$791,120
Jun 202113,88032,90369.493.38$1,075,754
May 202115,08434,77263.483.02$1,062,463
Apr 202115,21931,58560.362.76$1,005,744
Mar 202114,31628,94161.302.72$956,202
Feb 202111,51623,53257.805.55$796,179
Jan 202117,46332,86450.412.81$972,667
Dec 202017,83031,83644.642.68$881,107
Nov 202016,69328,16138.772.71$723,407
Oct 202018,06831,97936.972.48$747,232
Sep 202018,11731,03837.091.99$733,757
Aug 202019,29130,25039.982.39$843,403
Jul 202014,76925,78738.371.83$613,751
Jun 202017,65724,44934.901.69$657,556
May 202012,46217,42516.921.81$242,479
Apr 20207,65512,87014.751.80$136,134
Mar 20204,74516,30530.341.86$174,229
Feb 20207,21014,24849.881.98$387,855
Jan 20201,3393,83157.252.09$84,683
Dec 201913,97116,07659.012.30$861,474
Nov 20191,1741,71755.302.75$69,645
Oct 20192,1068,88153.472.42$134,087
Sep 20193,80014,26555.052.66$247,096
Aug 20194,27616,64353.112.30$265,450
Jul 20194,49117,67456.272.46$296,188
Jun 20193,86114,73752.782.49$240,496
May 20193,09617,14358.482.74$228,031
Apr 20191,3038,88862.632.75$106,055
Mar 201905656.803.06$171
Feb 2019028950.852.79$807
Jan 201901546.033.23$48
Dec 20181,6879,48146.594.19$118,279
Nov 20181,84711,04652.934.24$144,566
Oct 20182,86411,14461.443.40$213,832
Sep 20184,03015,26859.543.11$287,399
Aug 20183,08014,62659.403.07$227,804
Jul 20183,08016,02565.142.93$247,615
Jun 2018357060.183.08$21,484
May 20184,34227,94465.382.90$364,940
Apr 20185,09630,62363.842.90$414,160
Mar 20185,22721,70661.222.79$380,488
Feb 20185,29117,85761.782.77$376,273
Jan 20185,72923,56362.874.01$454,654
Dec 20175,61124,19757.272.92$392,034
Nov 20176,47223,27255.423.12$431,249
Oct 20175,48519,06749.292.98$327,245
Sep 20176,35724,37847.523.09$377,346
Aug 20176,74630,89645.373.00$398,890
Jul 20176,78835,17243.873.09$406,375
Jun 20176,21128,44842.493.09$351,732
May 20177,70427,42445.373.26$439,026
Apr 20178,42929,97547.933.21$500,270
Mar 20179,16831,08546.772.98$521,535
Feb 20175,19715,43850.452.95$307,771
Jan 20179,89630,53149.413.42$593,341
Dec 201611,37732,30348.763.72$675,001
Nov 20168,53724,05042.492.64$426,334
Oct 201613,23723,66946.193.09$684,560
Sep 201613,33827,29341.553.10$638,819
Aug 201616,21733,82641.442.92$770,951
Jul 201617,99427,50541.622.92$829,344
Jun 20169,6038,52345.352.69$458,387
May 20165,9126,41842.521.99$264,157
Apr 20166,1314,60636.561.99$233,320
Mar 20164,5874,25933.011.79$159,058
Feb 20162,1541,62026.472.06$60,359
Jan 20162,3723,37927.352.36$72,863
Dec 20152,5533,46632.362.00$89,552
Nov 20153,1395,57738.792.17$133,849
Oct 20153,8665,13843.552.43$180,832
Sep 20151,9085,71842.992.76$97,798
Aug 20150040.162.87$0
Jul 2015170048.152.95$8,186
Jun 201554640756.152.88$31,831
May 2015063055.212.96$1,862

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                1,842 bbl  × $106.41 =   $196,007
Casinghead gas     7,184 Mcf  × $  3.05 =    $21,881

────────────────────────────────────────────────────
Month total                                 $217,889

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/46863 is the state's own key, not one this site invented.