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UNIVERSITY 18-3-14 WA6

Operated by CRESCENT ENERGY OPERATING, LLC (P-5 103575) 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 53892District 08Field 71052900Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$31.9 M
Dec 2019 – May 2026
Value, last 12 filed months
$2.8 M
at the published price for each month
Months reported
78
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
OilDisposition326,736 bbl$27,354,014
Casinghead gasProduction1,065,489 Mcf$4,524,305
Total$31,878,319

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 31.5635, -103.2471. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.56352, -103.24714 · 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
11,355 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 11,355 ft.

Completions filed
Nov 2021
1 of 1 wells

1 well

42-475378241206H11,355 ftNov 2021——

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 (78)

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

78 months

May 20261,71610,359106.413.05$214,151
Apr 20261,97810,84798.932.87$226,811
Mar 20262,72311,56389.753.15$280,806
Feb 20263,01010,58563.503.75$230,832
Jan 20263,14710,13959.138.00$267,173
Dec 20253,19510,83956.664.41$228,865
Nov 20254,42814,70458.593.93$317,171
Oct 20253,00814,97259.383.30$228,095
Sep 20251,52910,24262.743.08$127,443
Aug 20252,79915,03763.933.01$224,273
Jul 20252,95415,09866.743.32$247,203
Jun 20252,81414,27566.483.13$231,737
May 20252,96513,94360.553.23$224,599
Apr 20253,11713,61462.363.54$242,612
Mar 20253,29516,14967.704.27$292,001
Feb 20252,90514,37170.884.34$268,289
Jan 20253,42111,87774.324.28$305,067
Dec 20243,29713,83568.993.12$270,644
Nov 20243,70414,93169.052.20$288,586
Oct 20244,09518,56371.372.28$334,610
Sep 20244,01419,95869.612.36$326,602
Aug 20245,10415,46675.632.06$417,932
Jul 20242,1478,25379.932.15$189,326
Jun 20244,42915,46578.082.63$386,551
May 20244,01714,83478.812.20$349,191
Apr 20242,65716,48284.451.66$251,731
Mar 20242,67520,91180.301.55$247,113
Feb 20242,34218,59876.091.78$211,375
Jan 20245,38623,91573.023.30$472,149
Dec 20239,59137,30571.262.61$780,848
Nov 20233,89423,26577.892.81$368,622
Oct 20233,94724,44485.443.09$412,697
Sep 20235,94922,60589.042.74$591,525
Aug 20233,3456,05580.522.67$285,524
Jul 202317639574.852.64$14,217
Jun 20235,23820,88368.962.26$408,376
May 20235,98521,92170.622.23$471,488
Apr 20235,81823,67678.122.24$507,483
Mar 20235,63820,96772.852.39$460,906
Feb 20235,89120,08575.112.47$491,996
Jan 20237,22124,07176.533.39$634,169
Dec 20227,59026,49376.415.73$731,732
Nov 20228,04428,24385.005.65$843,206
Oct 20229,42933,46387.185.86$1,018,239
Sep 202210,56537,45084.888.16$1,202,487
Aug 202212,38741,24594.529.13$1,547,269
Jul 202214,13033,895101.587.54$1,690,964
Jun 20228,88419,068115.097.98$1,174,569
May 202212,64325,238109.378.43$1,595,598
Apr 202214,14427,599104.226.84$1,662,799
Mar 202217,34133,175108.885.08$2,056,498
Feb 202218,39532,55791.054.86$1,833,054
Jan 202222,60936,64081.844.54$2,016,581
Dec 202114,84120,64871.323.90$1,138,969
Nov 20211704,27877.435.24$35,566
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$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                1,716 bbl  × $106.41 =   $182,600
Casinghead gas    10,359 Mcf  × $  3.05 =    $31,552

────────────────────────────────────────────────────
Month total                                 $214,151

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/53892 is the state's own key, not one this site invented.