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UNIVERSITY -FI-

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 52438District 08Field 28899166Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$31.3 M
Jul 2019 – May 2026
Value, last 12 filed months
$2.1 M
at the published price for each month
Months reported
83
no gaps in the span
Streams
2
oil, casinghead gas

The EMMA (DEVONIAN) 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 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
OilDisposition430,390 bbl$27,296,534
Casinghead gasProduction1,175,110 Mcf$4,030,817
Total$31,327,351

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 32.1403, -102.5941. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.14026, -102.59412 · 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
10,756 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 10,756 ft.

Completions filed
Jul 2019
1 of 1 wells

1 well

42-003479757HD10,756 ftJul 2019——

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 (83)

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

83 months

May 20261,7195,113106.413.05$198,492
Apr 20261,7825,10098.932.87$190,929
Mar 20262,0045,14689.753.15$196,066
Feb 20261,5834,87463.503.75$118,800
Jan 20261,9896,81659.138.00$172,123
Dec 20252,1888,91256.664.41$163,304
Nov 20252,0589,49158.593.93$157,844
Oct 20252,40810,61459.383.30$178,065
Sep 20252,09510,92362.743.08$165,050
Aug 20252,47811,77263.933.01$193,908
Jul 20252,58410,73066.743.32$208,028
Jun 20252,29516,17066.483.13$203,163
May 20252,59415,82260.553.23$208,208
Apr 20252,10719,38362.363.54$200,069
Mar 20252,8737,84167.704.27$227,970
Feb 20252,4518,57770.884.34$210,958
Jan 20252,8409,43974.324.28$251,455
Dec 20242,76922,86868.993.12$262,413
Nov 20242,66319,62969.052.20$227,033
Oct 20242,85319,93871.372.28$249,105
Sep 20242,84119,64869.612.36$244,217
Aug 20242,88616,88075.632.06$253,102
Jul 20242,99518,20379.932.15$278,465
Jun 20242,99918,06078.082.63$281,732
May 20242,96320,37378.812.20$278,303
Apr 20243,1338,99484.451.66$279,505
Mar 20243,19623,72680.301.55$293,299
Feb 20243,15022,61876.091.78$280,026
Jan 20243,57318,98673.023.30$323,510
Dec 20233,26715,83871.262.61$274,155
Nov 20233,15510,08377.892.81$274,052
Oct 20233,58310,26485.443.09$337,819
Sep 20233,32120,89689.042.74$352,853
Aug 20233,66115,70080.522.67$336,748
Jul 20233,62425,89874.852.64$339,674
Jun 20233,56724,88568.962.26$302,183
May 20233,96410,50670.622.23$303,339
Apr 20233,83210,28378.122.24$322,367
Mar 20234,0469,39672.852.39$317,237
Feb 20233,7069,12175.112.47$300,847
Jan 20234,46510,04976.533.39$375,750
Dec 20224,49112,50776.415.73$414,811
Nov 20224,0109,94185.005.65$396,979
Oct 20224,26811,57187.185.86$439,934
Sep 20223,4389,02684.888.16$365,503
Aug 20224,0319,98294.529.13$472,117
Jul 20225,0949,788101.587.54$591,270
Jun 20224,53212,861115.097.98$624,183
May 20223,87718,945109.378.43$583,791
Apr 20224,05318,397104.226.84$548,195
Mar 20224,80115,246108.885.08$600,128
Feb 20223,45310,46091.054.86$365,219
Jan 20226,14813,92781.844.54$566,349
Dec 20218,23822,21671.323.90$674,157
Nov 20218,05623,72777.435.24$748,031
Oct 20219,44125,30779.795.71$897,898
Sep 20219,22423,59369.865.35$770,633
Aug 20218,37817,61866.024.22$627,474
Jul 20215,91314,11970.783.98$474,745
Jun 20219,14317,54769.493.38$694,667
May 202110,70119,90863.483.02$739,375
Apr 20214,8379,49560.362.76$318,153
Mar 202111,35018,82061.302.72$746,888
Feb 20217,5439,73657.805.55$490,000
Jan 202111,94113,62350.412.81$640,230
Dec 20202,1554,21944.642.68$107,487
Nov 202012,01119,53238.772.71$518,531
Oct 202011,59619,96136.972.48$478,176
Sep 202012,34519,95637.091.99$497,609
Aug 202011,62118,64239.982.39$509,071
Jul 202011,72318,07638.371.83$482,802
Jun 20207,4099,67834.901.69$274,933
May 2020050416.921.81$915
Apr 20208,34611,24814.751.80$143,399
Mar 202014,22923,52330.341.86$475,372
Feb 202013,72621,57449.881.98$727,384
Jan 202014,04419,76257.252.09$845,415
Dec 201913,42419,73159.012.30$837,618
Nov 201912,19916,70755.302.75$720,561
Oct 20191,5451,94853.472.42$87,322
Sep 20191,1171,60255.052.66$65,748
Aug 20197,67910,28753.112.30$431,537
Jul 2019023556.272.46$578

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                1,719 bbl  × $106.41 =   $182,919
Casinghead gas     5,113 Mcf  × $  3.05 =    $15,573

────────────────────────────────────────────────────
Month total                                 $198,492

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/52438 is the state's own key, not one this site invented.