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UNIVERSITY 45 20

Operated by U.S. ENERGY DEVELOPMENT CORP (P-5 875462) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 50453District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$34.3 M
Jun 2018 – May 2026
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
96
no gaps in the span
Streams
2
oil, casinghead gas

The PHANTOM (WOLFCAMP) 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 7,755 leases and 10,539 wells, and the rule below applies to all of them.

Discovered
1983-06-23
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 20 acres. The field rule took effect on 2017-08-01.

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: “FOR THE FOLLOWING API 389-37515.”

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
OilDisposition506,519 bbl$31,445,209
Casinghead gasProduction882,702 Mcf$2,890,304
Total$34,335,514

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 31.6312, -103.3259. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.63117, -103.32589 · 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
12,034 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 12,034 ft.

Completions filed
Jun 2018
1 of 1 wells

1 well

42-475373871H12,034 ftJun 2018——

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 (96)

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

96 months

May 20262,3514,108106.413.05$262,682
Apr 20262,0943,16898.932.87$216,251
Mar 20261,4212,73589.753.15$136,148
Feb 202671747363.503.75$47,303
Jan 20261,8722,63959.138.00$131,798
Dec 20251,7322,51756.664.41$109,244
Nov 20251,8512,94458.593.93$120,010
Oct 20251,8082,82459.383.30$116,692
Sep 20258931,48062.743.08$60,581
Aug 20252,0394,46063.933.01$143,799
Jul 20252,0394,46066.743.32$150,869
Jun 20251,9134,26666.483.13$140,523
May 20252,1234,73660.553.23$143,856
Apr 20252,0664,73662.363.54$145,616
Mar 20252,1434,91567.704.27$166,060
Feb 20252,0544,60670.884.34$165,581
Jan 20252,2514,70074.324.28$187,404
Dec 20242,2715,01468.993.12$172,327
Nov 20242,2455,47569.052.20$167,054
Oct 20241,7395,70071.372.28$137,116
Sep 20242,3076,69669.612.36$176,422
Aug 20242,5145,90475.632.06$202,317
Jul 20242,5945,94179.932.15$220,091
Jun 20242,4896,08978.082.63$210,379
May 20243,1106,83778.812.20$260,130
Apr 20242,1964,21284.451.66$192,441
Mar 20243,3216,65680.301.55$276,961
Feb 20243,3586,27876.091.78$266,708
Jan 20243,0166,00173.023.30$240,018
Dec 20233,2396,25071.262.61$247,128
Nov 20233,2856,32277.892.81$273,618
Oct 20233,4497,32885.443.09$317,306
Sep 20233,3717,37689.042.74$320,328
Aug 20233,4577,84180.522.67$299,316
Jul 20233,3458,32274.852.64$272,358
Jun 20233,4988,43368.962.26$260,268
May 20233,9709,81970.622.23$302,232
Apr 20234,38610,45078.122.24$366,019
Mar 20233,7785,96172.852.39$289,493
Feb 20233,5225,09075.112.47$277,088
Jan 20233,7306,79176.533.39$308,463
Dec 20224,0626,60776.415.73$348,229
Nov 20223,6136,61285.005.65$344,438
Oct 20223,6907,21787.185.86$364,013
Sep 20223,4576,84284.888.16$349,286
Aug 20223,8087,60294.529.13$429,317
Jul 20223,8887,587101.587.54$452,165
Jun 20223,4316,849115.097.98$449,510
May 20223,8877,178109.378.43$485,654
Apr 20223,8546,720104.226.84$447,613
Mar 20224,8226,923108.885.08$560,163
Feb 20223,6626,34591.054.86$364,254
Jan 20224,2267,40381.844.54$379,448
Dec 20214,0257,39871.323.90$315,909
Nov 20214,3647,05077.435.24$374,824
Oct 20214,4627,17079.795.71$396,991
Sep 20214,1397,41369.865.35$328,817
Aug 20214,5587,63466.024.22$333,139
Jul 20214,6247,77770.783.98$358,255
Jun 20214,7258,28869.493.38$356,359
May 20215,93010,23163.483.02$407,310
Apr 20215,5129,43560.362.76$358,730
Mar 20216,42711,00261.302.72$423,867
Feb 20215,5408,77257.805.55$368,879
Jan 20217,10012,55650.412.81$393,197
Dec 20207,85212,91444.642.68$385,064
Nov 20205,71811,09838.772.71$251,724
Oct 20206,99012,04936.972.48$288,283
Sep 20207,28711,98937.091.99$294,145
Aug 20207,68013,29239.982.39$338,749
Jul 20208,67913,83738.371.83$358,267
Jun 202011,5599,76334.901.69$419,912
May 2020014916.921.81$270
Apr 20204,9528,69214.751.80$88,726
Mar 20208,19614,39530.341.86$275,387
Feb 20207,23513,36649.881.98$387,355
Jan 20207,78414,71257.252.09$476,452
Dec 20199,52515,47759.012.30$597,735
Nov 20195,87215,33455.302.75$366,901
Oct 20198,47715,46253.472.42$490,661
Sep 20197,28015,06155.052.66$440,785
Aug 20198,18814,91853.112.30$469,241
Jul 20198,74915,58756.272.46$530,651
Jun 20198,75915,41352.782.49$500,697
May 201910,36716,37758.482.74$651,140
Apr 20199,39117,20462.632.75$635,481
Mar 20196,64511,49156.803.06$412,623
Feb 20197,84811,03850.852.79$429,891
Jan 201910,37014,58146.033.23$524,401
Dec 201810,35417,79846.594.19$556,885
Nov 201813,60620,36452.934.24$806,453
Oct 201815,42022,80661.443.40$1,024,901
Sep 201826,26537,54859.543.11$1,680,517
Aug 201828,72340,68359.403.07$1,830,903
Jul 201813,38520,14065.142.93$930,947
Jun 20180060.183.08$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.

May 2026 — as filed, then multipliedworked
Oil                2,351 bbl  × $106.41 =   $250,170
Casinghead gas     4,108 Mcf  × $  3.05 =    $12,512

────────────────────────────────────────────────────
Month total                                 $262,682

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/50453 is the state's own key, not one this site invented.