UNIVERSITY -U-

Name: UNIVERSITY -U- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SOUTHWEST ROYALTIES, INC. (P-5 806470) in the SEALY, SOUTH (YATES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5389District 08Field 81952500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$485 k

Jan 1993 – Feb 2016

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

278

no gaps in the span

Streams

oil, casinghead gas

The SEALY, SOUTH (YATES) 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 9 leases and 21 wells, and the rule below applies to all of them.

Discovered

1946-10-06

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres.

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.

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.

Stream	Basis	Volume	Value
Oil	Disposition	12,062 bbl	$484,966
Casinghead gas	Production	21 Mcf	$0
Total			$484,966

21 Mcf of this lease's gas, across 21 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (3)

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 31.5428, -103.0476. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.54232, -103.04788 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

2,808 ft

3 wells filed one

Completion to plug

27.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

3100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 2,808 and 2,917 ft, median 2,808 ft, over the 3 wells that filed a depth.

Completions filed

Nov 1972

1 of 3 wells; 2 filed none

Plug dates filed

Jun 2000 – Jun 2015

3 of 3 wells

Last completion to plug: a median of 27.6 years across the 1 well that filed both dates, with the middle half between 27.6 years and 27.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-47503612	3	2,808 ft	—	Jun 2015	Yes
42-47504512	2	2,808 ft	—	Jun 2015	Yes
42-47503611	4	2,917 ft	Nov 1972	Jun 2000	Yes

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 (278)

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

278 months


Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	161	0	42.89	2.93	$6,905
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	80	0	86.16	4.05	$6,893
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	82	0	96.56	4.18	$7,918
Jun 2014	0	0	98.16	4.74	$0
May 2014	79	0	94.73	4.73	$7,484
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	79	0	97.40	6.19	$7,695
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	2	0	91.82	4.35	$184
Nov 2013	80	0	88.85	3.74	$7,108
Oct 2013	76	0	97.42	3.78	$7,404
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	77	0	104.25	3.52	$8,027
Jul 2013	80	0	102.52	3.72	$8,202
Jun 2013	0	0	94.40	3.93	$0
May 2013	78	0	94.83	4.15	$7,397
Apr 2013	79	0	93.96	4.28	$7,423
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	11	0	86.77	3.42	$954
Nov 2012	99	0	86.95	3.62	$8,608
Oct 2012	4	0	89.38	3.40	$358
Sep 2012	77	0	94.67	2.92	$7,290
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	79	0	85.13	3.02	$6,725
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	91	0	101.65	2.00	$9,250
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	84	0	101.10	2.57	$8,492
Jan 2012	84	0	98.09	2.73	$8,240
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	82	0	84.98	3.65	$6,968
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	78	0	83.40	4.15	$6,505
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	85	0	96.36	4.06	$8,191
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	1	0	86.50	4.59	$87
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	94	0	72.63	3.98	$6,827
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	86	0	72.55	4.74	$6,239
Jun 2010	0	0	70.36	4.91	$0
May 2010	95	0	71.12	4.24	$6,756
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	93	0	71.44	5.48	$6,644
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	89	0	72.54	4.11	$6,456
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	83	0	61.13	3.46	$5,074
Jun 2009	1	0	66.16	3.90	$66
May 2009	0	0	54.74	3.93	$0
Apr 2009	85	0	46.77	3.59	$3,975
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	80	0	35.86	5.37	$2,869
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	80	0	55.49	6.86	$4,439
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	77	0	114.22	8.48	$8,795
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	90	0	131.33	13.03	$11,820
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	97	0	101.90	9.66	$9,884
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	102	0	88.33	7.30	$9,010
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	112	0	82.85	6.92	$9,279
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	97	0	70.90	6.39	$6,877
Jun 2007	0	0	62.00	7.55	$0
May 2007	91	0	58.74	7.85	$5,345
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	90	0	56.92	7.30	$5,123
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	95	0	54.20	7.62	$5,149
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	93	0	60.08	5.04	$5,587
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	87	0	69.37	6.34	$6,035
Jun 2006	0	0	66.28	6.38	$0
May 2006	91	0	66.01	6.42	$6,007
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	86	0	57.59	7.75	$4,953
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	87	0	54.94	13.42	$4,780
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	91	0	61.45	12.08	$5,592
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	80	0	55.69	7.84	$4,455
Jun 2005	0	0	52.33	7.38	$0
May 2005	86	0	45.22	6.65	$3,889
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	83	0	50.37	7.15	$4,181
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	95	0	43.16	6.32	$4,100
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	96	0	45.28	6.33	$4,347
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	93	0	43.24	5.28	$4,021
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	92	0	38.28	6.08	$3,522
Jun 2004	0	0	36.10	6.43	$0
May 2004	87	0	37.48	6.49	$3,261
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	87	0	34.36	5.53	$2,989
Feb 2004	81	0	32.45	5.51	$2,628
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	81	0	30.26	6.30	$2,451
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	83	0	28.17	4.76	$2,338
Sep 2003	82	0	26.31	4.75	$2,157
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	88	0	29.41	5.17	$2,588
Jun 2003	0	0	28.56	5.98	$0
May 2003	87	0	26.59	5.97	$2,313
Apr 2003	81	0	26.67	5.41	$2,160
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	94	0	33.48	7.93	$3,147
Jan 2003	89	0	30.31	5.58	$2,698
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	88	0	24.66	4.14	$2,170
Oct 2002	90	0	26.46	4.23	$2,381
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	87	0	25.96	3.16	$2,259
Jul 2002	86	0	24.58	3.06	$2,114
Jun 2002	82	0	23.73	3.34	$1,946
May 2002	0	0	24.66	3.58	$0
Apr 2002	83	0	23.65	3.51	$1,963
Mar 2002	80	0	22.00	3.10	$1,760
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	81	0	17.17	2.38	$1,391
Dec 2001	86	0	16.93	2.36	$1,456
Nov 2001	79	0	18.07	2.41	$1,428
Oct 2001	73	0	19.78	2.53	$1,444
Sep 2001	69	0	24.26	2.25	$1,674
Aug 2001	50	0	24.87	3.05	$1,244
Jul 2001	18	0	23.93	3.20	$431
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	2	0	27.62	2.73	$55
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	1	0	21.75	2.62	$22
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	2	0	17.89	2.37	$36
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	7	0	15.10	2.21	$106
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	14	0	9.20	1.77	$129
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	41	0	11.30	1.91	$463
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	64	0	12.62	2.21	$808
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	70	0	12.80	2.31	$896
Feb 1998	72	0	13.95	2.30	$1,004
Jan 1998	81	0	14.70	2.15	$1,191
Dec 1997	87	0	16.32	2.41	$1,420
Nov 1997	81	0	18.19	3.09	$1,473
Oct 1997	167	0	19.25	3.15	$3,215
Sep 1997	88	0	17.74	2.95	$1,561
Aug 1997	101	0	17.86	2.55	$1,804
Jul 1997	96	0	17.58	2.25	$1,688
Jun 1997	96	0	17.24	2.26	$1,655
May 1997	87	0	18.97	2.31	$1,650
Apr 1997	171	0	17.88	2.08	$3,057
Mar 1997	90	0	18.95	1.94	$1,706
Feb 1997	88	0	20.49	2.21	$1,803
Jan 1997	85	0	23.48	3.54	$1,996
Dec 1996	80	0	23.32	—	$1,866
Nov 1996	163	0	21.97	—	$3,581
Oct 1996	78	0	23.31	—	$1,818
Sep 1996	72	0	22.22	—	$1,600
Aug 1996	151	0	20.26	—	$3,059
Jul 1996	79	0	19.55	—	$1,544
Jun 1996	152	0	18.73	—	$2,847
May 1996	76	0	19.43	—	$1,477
Apr 1996	142	0	21.51	—	$3,054
Mar 1996	144	0	19.38	—	$2,791
Feb 1996	71	0	16.98	—	$1,206
Jan 1996	72	0	17.07	—	$1,229
Dec 1995	144	0	17.19	—	$2,475
Nov 1995	71	0	16.00	—	$1,136
Oct 1995	141	0	15.43	—	$2,176
Sep 1995	67	0	16.18	—	$1,084
Aug 1995	103	0	15.92	—	$1,640
Jul 1995	49	0	15.24	—	$747
Jun 1995	0	0	16.41	—	$0
May 1995	0	0	17.56	—	$0
Apr 1995	0	0	17.73	—	$0
Mar 1995	17	0	16.44	—	$279
Feb 1995	21	0	16.58	—	$348
Jan 1995	86	0	15.92	—	$1,369
Dec 1994	40	0	15.03	—	$601
Nov 1994	35	0	15.90	—	$557
Oct 1994	94	0	15.58	—	$1,465
Sep 1994	77	1	15.29	—	$1,177
Aug 1994	79	1	16.13	—	$1,274
Jul 1994	73	1	17.56	—	$1,282
Jun 1994	120	1	17.09	—	$2,051
May 1994	80	1	15.88	—	$1,270
Apr 1994	79	1	14.14	—	$1,117
Mar 1994	73	1	12.46	—	$910
Feb 1994	69	1	12.50	—	$863
Jan 1994	87	1	12.66	—	$1,101
Dec 1993	80	1	12.33	—	$986
Nov 1993	83	1	14.49	—	$1,203
Oct 1993	55	1	15.85	—	$872
Sep 1993	67	1	15.03	—	$1,007
Aug 1993	136	1	15.66	—	$2,130
Jul 1993	67	1	15.46	—	$1,036
Jun 1993	85	1	16.79	—	$1,427
May 1993	112	1	17.68	—	$1,980
Apr 1993	89	1	18.05	—	$1,606
Mar 1993	108	1	18.14	—	$1,959
Feb 1993	71	1	17.90	—	$1,271
Jan 1993	116	1	16.93	—	$1,964

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.

Mar 2015 — as filed, then multipliedworked

Oil                  161 bbl  × $ 42.89 =     $6,905
Casinghead gas         0 Mcf  × $  2.93 =         $0

────────────────────────────────────────────────────
Month total                                   $6,905

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/5389 is the state's own key, not one this site invented.