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UNIVERSITY 20

Operated by CRESCENT ENERGY OPERATING, LLC (P-5 103575) in the TWO GEORGES (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 52311District 08Field 92100050Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$13.1 M
Dec 2018 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
90
no gaps in the span
Streams
2
oil, casinghead gas

The TWO GEORGES (BONE SPRING) 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 275 leases and 502 wells, and the rule below applies to all of them.

Discovered
1997-11-12
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 40 acres. The field rule took effect on 2023-03-28.

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: “SIGNED 09/30/2025, EFFECTIVE 10/01/2025”

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
OilDisposition189,375 bbl$12,458,045
Casinghead gasProduction184,122 Mcf$641,285
Total$13,099,331

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 31.6507, -103.2735. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.65075, -103.27351 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,453 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
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.
2100.0%

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 11,420 and 11,485 ft, median 11,453 ft, over the 2 wells that filed a depth.

Completions filed
Mar 2010 – Aug 2014
2 of 2 wells

2 wells

42-47535473470111,420 ftAug 2014——
42-47535508470211,485 ftMar 2010——

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 (90)

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

90 months

May 20261,1161,451106.413.05$123,173
Apr 20261,2651,70598.932.87$130,039
Mar 20261,4341,41289.753.15$133,149
Feb 20261,1051,18963.503.75$74,627
Jan 20261,2651,10159.138.00$83,605
Dec 20251,6451,90556.664.41$101,613
Nov 20251,6691,93258.593.93$105,373
Oct 20258921,19659.383.30$56,920
Sep 20251,00095062.743.08$65,663
Aug 20251,7531,84663.933.01$117,635
Jul 20251,4141,99066.743.32$100,968
Jun 20251,7332,29866.483.13$122,400
May 202571891060.553.23$46,416
Apr 20251,8452,05662.363.54$122,339
Mar 20251,6302,17467.704.27$119,630
Feb 20251,8131,81170.884.34$136,367
Jan 20252,1952,34174.324.28$173,149
Dec 20242,2072,15368.993.12$158,981
Nov 20241,5841,88169.052.20$113,510
Oct 20241,9622,13471.372.28$144,896
Sep 20242,0302,36469.612.36$146,898
Aug 20242,4002,52175.632.06$186,714
Jul 20242,0052,52179.932.15$165,671
Jun 20241,9782,57978.082.63$161,235
May 20242,3162,80778.812.20$188,695
Apr 20242,1422,72884.451.66$185,418
Mar 20241,9902,63480.301.55$163,867
Feb 20242,6082,60076.091.78$203,080
Jan 20242,3122,60373.023.30$177,406
Dec 20232,4682,71571.262.61$182,958
Nov 20232,6862,71577.892.81$216,835
Oct 20231,6122,03385.443.09$144,006
Sep 202385890389.042.74$78,866
Aug 20231,7421,10880.522.67$143,227
Jul 20231,6431,64374.852.64$127,319
Jun 20231,0941,53068.962.26$78,898
May 20232,008070.622.23$141,805
Apr 20231,994078.122.24$155,771
Mar 20231,6771,52072.852.39$125,807
Feb 20231,2691,45775.112.47$98,907
Jan 20231,4931,71876.533.39$120,079
Dec 20221,4741,67676.415.73$122,230
Nov 20221,8311,43685.005.65$163,743
Oct 20221,4691,73787.185.86$138,253
Sep 20222,0101,93784.888.16$186,422
Aug 20222,0362,31094.529.13$213,526
Jul 20222,1412,374101.587.54$235,388
Jun 20221,8112,354115.097.98$227,206
May 20221,8112,525109.378.43$219,363
Apr 20222,2132,157104.226.84$245,388
Mar 20222,1902,236108.885.08$249,798
Feb 20221,8562,22191.054.86$179,780
Jan 20222,5482,88181.844.54$221,601
Dec 20212,1762,95171.323.90$166,699
Nov 20212,5552,89977.435.24$213,015
Oct 20212,3572,67479.795.71$203,344
Sep 20212,7002,87169.865.35$203,984
Aug 20212,1741,83966.024.22$151,289
Jul 20212,0022,84070.783.98$153,011
Jun 20212,5602,90969.493.38$187,729
May 20212,9313,03663.483.02$195,222
Apr 20213,0643,44260.362.76$194,438
Mar 20213,3025,22261.302.72$216,600
Feb 20212,0341,98857.805.55$128,595
Jan 20213,3033,13550.412.81$175,314
Dec 20203,1063,40444.642.68$147,759
Nov 20202,7302,45638.772.71$112,489
Oct 20202,0302,53336.972.48$81,327
Sep 20202,3881,99737.091.99$92,547
Aug 20202,7292,77639.982.39$115,726
Jul 20201,4291,67738.371.83$57,891
Jun 20202,9491,63034.901.69$105,675
May 20202,1922,61616.921.81$41,836
Apr 20203,1163,80014.751.80$52,818
Mar 20202,9422,64530.341.86$94,170
Feb 20202,5481,86549.881.98$130,788
Jan 20203,2891,03257.252.09$190,457
Dec 20193,7751,23359.012.30$225,604
Nov 20193,6072,29355.302.75$205,774
Oct 20193,0821,49453.472.42$168,408
Sep 20192,5681,76755.052.66$146,064
Aug 20193,3322,79553.112.30$183,403
Jul 20194,2433,75456.272.46$247,989
Jun 20192,7872,23552.782.49$152,666
May 20191,68599158.482.74$101,254
Apr 20192,6011,19262.632.75$166,179
Mar 20191,68394856.803.06$98,497
Feb 201975111750.852.79$38,515
Jan 20193817946.033.23$17,792
Dec 20182,314946.594.19$107,847

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                1,116 bbl  × $106.41 =   $118,754
Casinghead gas     1,451 Mcf  × $  3.05 =     $4,420

────────────────────────────────────────────────────
Month total                                 $123,173

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/52311 is the state's own key, not one this site invented.