UNIVERSITY 9-35

Operated by ELEVATION RESOURCES LLC (P-5 247756) 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 47348District 08Field 28899166Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$7.1 M
Nov 2015 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
127
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 68 leases and 115 wells, and the rule below applies to all of them.

Discovered
1954-11-27
as the register files it
Field class
Oil and gas
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 40 acres. The field rule took effect on 2017-11-07.

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: ALLOCATION FORMULA EFFECTIVE 05/01/2018.

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
OilDisposition111,051 bbl$6,043,563
Casinghead gasProduction352,970 Mcf$1,087,399
Total$7,130,962

Wells on this lease (2)

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 32.1655, -102.5473. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.6 miles.

32.16551, -102.54733 · 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
50.0%
1 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,161 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
150.0%
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.
150.0%

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 11,159 and 11,162 ft, median 11,161 ft, over the 2 wells that filed a depth.

Completions filed
Nov 2015 – Jun 2016
2 of 2 wells

2 wells

42-003473522H11,162 ftJun 2016
42-003471971H11,159 ftNov 2015Yes

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 (127)

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

127 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 202557066.743.32$3,804
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 202561974.324.28$4,572
Dec 20243251,14568.993.12$25,996
Nov 202418637369.052.20$13,663
Oct 20242411,10571.372.28$19,721
Sep 20244981,59869.612.36$38,444
Aug 20246731,52575.632.06$54,046
Jul 20244541,07279.932.15$38,589
Jun 202461094578.082.63$50,118
May 202437587378.812.20$31,473
Apr 202436783084.451.66$32,370
Mar 20245021,07980.301.55$41,978
Feb 20245101,06676.091.78$40,707
Jan 202462598973.023.30$48,899
Dec 20234911,00271.262.61$37,605
Nov 20234231,13277.892.81$36,126
Oct 20233901,07085.443.09$36,625
Sep 202337966189.042.74$35,554
Aug 202354490880.522.67$46,230
Jul 202336871374.852.64$29,428
Jun 202337359068.962.26$27,055
May 202347748670.622.23$34,768
Apr 202337840178.122.24$30,427
Mar 202350157672.852.39$37,876
Feb 202341628875.112.47$31,956
Jan 202350651276.533.39$40,459
Dec 202235951076.415.73$30,353
Nov 202243055185.005.65$39,661
Oct 202253565587.185.86$50,482
Sep 202227559384.888.16$28,183
Aug 202227634694.529.13$29,246
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 2022322235109.378.43$37,199
Apr 2022430391104.226.84$47,488
Mar 2022514270108.885.08$57,335
Feb 202241128991.054.86$38,826
Jan 202252826281.844.54$44,400
Dec 202140529371.323.90$30,027
Nov 20213662177.435.24$28,449
Oct 202148073079.795.71$42,470
Sep 202146720669.865.35$33,727
Aug 202130115166.024.22$20,509
Jul 202125520770.783.98$18,873
Jun 202141339969.493.38$30,048
May 202160043163.483.02$39,389
Apr 202146330360.362.76$28,782
Mar 202158329761.302.72$36,545
Feb 202139826757.805.55$24,486
Jan 202177630550.412.81$39,975
Dec 202038836644.642.68$18,300
Nov 202054238438.772.71$22,053
Oct 202054126236.972.48$20,650
Sep 202074829937.091.99$28,339
Aug 202050841639.982.39$21,302
Jul 202052525038.371.83$20,601
Jun 202010434.901.69$356
May 20200016.921.81$0
Apr 20203285014.751.80$4,928
Mar 202036925030.341.86$11,660
Feb 202046831749.881.98$23,972
Jan 202058657257.252.09$34,747
Dec 201917140359.012.30$11,019
Nov 201910763055.302.75$7,650
Oct 20191,0834,32353.472.42$68,363
Sep 20199276,83255.052.66$69,186
Aug 20191,1165,64353.112.30$72,274
Jul 201991410,51956.272.46$77,308
Jun 20191,0304,53252.782.49$65,654
May 20191,0174,74758.482.74$72,482
Apr 20191,1384,97262.632.75$84,949
Mar 20191,0835,47756.803.06$78,286
Feb 20199293,00050.852.79$55,616
Jan 20191,2037,16846.033.23$78,514
Dec 20181,2597,14246.594.19$88,549
Nov 20181,4167,46452.934.24$106,576
Oct 20181,3377,43061.443.40$107,393
Sep 20181,2697,30559.543.11$98,260
Aug 20181,4949,26459.403.07$117,152
Jul 20181,6179,69465.142.93$133,753
Jun 20181,5497,32260.183.08$115,748
May 20181,4277,67565.382.90$115,561
Apr 20182,0647,34863.842.90$153,081
Mar 20181,3837,45061.222.79$105,429
Feb 20181,2885,43661.782.77$94,609
Jan 20181,8759,57162.874.01$156,254
Dec 20172,02512,07257.272.92$151,240
Nov 20171,99310,25555.423.12$142,431
Oct 20172,22611,48749.292.98$143,993
Sep 20172,1759,81747.523.09$133,664
Aug 20172,41511,09145.373.00$142,890
Jul 20172,3459,39243.873.09$131,871
Jun 20172,58411,62942.493.09$145,696
May 20172,93310,15145.373.26$166,197
Apr 20172,8019,30347.933.21$164,129
Mar 20173,5738,97846.772.98$193,897
Feb 20172,3184,89350.452.95$131,390
Jan 20173,7289,87949.413.42$217,975
Dec 20164,0539,32848.763.72$232,351
Nov 20164,4247,87442.492.64$208,797
Oct 20162,9675,80246.193.09$154,975
Sep 20165,81211,85441.553.10$278,243
Aug 20166,59512,45141.442.92$309,708
Jul 20162,0583,53741.622.92$95,997
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$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.

Jul 2025 — as filed, then multipliedworked
Oil                   57 bbl  × $ 66.74 =     $3,804
Casinghead gas         0 Mcf  × $  3.32 =         $0

────────────────────────────────────────────────────
Month total                                   $3,804

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/47348 is the state's own key, not one this site invented.