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UNIVERSITY LANDS

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 52536District 08Field 28899166Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$15.2 M
Jul 2019 – May 2026
Value, last 12 filed months
$1.2 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
OilDisposition238,081 bbl$14,007,130
Casinghead gasProduction364,884 Mcf$1,166,352
Total$15,173,482

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 32.1417, -102.5910. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.14167, -102.59104 · 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
10,772 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 10,772 ft.

Completions filed
Jul 2019
1 of 1 wells

1 well

42-003479778HD10,772 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 20261,1352,862106.413.05$129,493
Apr 20261,2392,76598.932.87$130,509
Mar 20261,3752,89689.753.15$132,527
Feb 20261,0332,40963.503.75$74,630
Jan 20261,2192,31459.138.00$90,587
Dec 20251,3582,69656.664.41$88,843
Nov 20251,2562,79258.593.93$84,552
Oct 20251,4573,11459.383.30$96,808
Sep 20251,2332,91562.743.08$86,328
Aug 20251,3942,79263.933.01$97,536
Jul 20251,3762,99466.743.32$101,760
Jun 20251,2732,21966.483.13$91,572
May 20251,4562,37660.553.23$95,841
Apr 20251,3141,61662.363.54$87,667
Mar 20251,4242,97267.704.27$109,090
Feb 20251,2032,79270.884.34$97,388
Jan 20251,4333,13174.324.28$119,897
Dec 20241,3473,08468.993.12$102,556
Nov 20241,2843,01469.052.20$95,286
Oct 20241,3943,10071.372.28$106,562
Sep 20241,3873,05169.612.36$103,763
Aug 20241,3753,13375.632.06$110,457
Jul 20241,4563,01079.932.15$122,839
Jun 20241,4483,06278.082.63$121,125
May 20241,4283,70378.812.20$120,682
Apr 20241,4993,01284.451.66$131,588
Mar 20241,4841,12480.301.55$120,902
Feb 20241,4631,12976.091.78$113,333
Jan 20241,61088673.023.30$120,484
Dec 20231,4801,04671.262.61$108,196
Nov 20231,4304,78577.892.81$124,817
Oct 20231,6254,90585.443.09$153,983
Sep 20231,4734,94889.042.74$144,689
Aug 20231,5965,01480.522.67$141,912
Jul 20231,5875,12174.852.64$132,316
Jun 20231,5004,62068.962.26$113,874
May 20231,6174,80670.622.23$124,897
Apr 20231,5094,36778.122.24$127,655
Mar 20231,7784,83672.852.39$141,101
Feb 20231,6844,26175.112.47$136,992
Jan 20232,0024,46676.533.39$168,343
Dec 20221,6985,65676.415.73$162,148
Nov 20221,6554,03585.005.65$163,457
Oct 20221,8104,45187.185.86$183,895
Sep 20221,6044,38884.888.16$171,970
Aug 20221,8364,60994.529.13$215,606
Jul 202280328101.587.54$10,600
Jun 2022812115.097.98$1,016
May 20222,5003,068109.378.43$299,298
Apr 20222,7553,445104.226.84$310,682
Mar 20221,5642,083108.885.08$180,862
Feb 20222,4322,93491.054.86$235,689
Jan 20222,8383,36281.844.54$247,518
Dec 20211,8152,49671.323.90$139,178
Nov 20212,2332,71977.435.24$187,140
Oct 20211,9722,43179.795.71$171,236
Sep 20212,8043,79369.865.35$216,183
Aug 20213,5956,12766.024.22$263,201
Jul 20211791370.783.98$12,721
Jun 20214,1447,57069.493.38$313,558
May 20214,8397,38363.483.02$329,459
Apr 20218861,42260.362.76$57,401
Mar 20214,3015,06561.302.72$277,413
Feb 20213,0845,44757.805.55$208,475
Jan 20215,57910,18150.412.81$309,849
Dec 20206,13811,20344.642.68$303,974
Nov 20205,7259,72938.772.71$248,290
Oct 20205,18310,10536.972.48$216,660
Sep 20205,9018,43237.091.99$235,657
Aug 20204,1255,35039.982.39$177,678
Jul 20206,7216,29338.371.83$269,370
Jun 20207,8427,84934.901.69$286,953
May 20207,3187,57016.921.81$137,558
Apr 20204,5444,90414.751.80$75,873
Mar 20205,9235,22130.341.86$189,395
Feb 20207,7595,61549.881.98$398,140
Jan 20209,3229,45857.252.09$553,497
Dec 201910,06910,14159.012.30$617,540
Nov 201910,0649,59755.302.75$582,938
Oct 201910,63210,97853.472.42$595,044
Sep 20198,7219,72455.052.66$505,930
Aug 20197,2499,36453.112.30$406,572
Jul 2019019556.272.46$480

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                1,135 bbl  × $106.41 =   $120,775
Casinghead gas     2,862 Mcf  × $  3.05 =     $8,717

────────────────────────────────────────────────────
Month total                                 $129,493

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/52536 is the state's own key, not one this site invented.