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UNIVERSITY 15E

Operated by RING ENERGY, INC. (P-5 712382) in the SHAFTER LAKE (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 53981District 08Field 82570500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$11.3 M
Jul 2019 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
83
no gaps in the span
Streams
2
oil, casinghead gas

The SHAFTER LAKE (SAN ANDRES) 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 194 leases and 1,113 wells, and the rule below applies to all of them.

Discovered
1953-04-01
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 10 acres. The field rule took effect on 2014-01-07.

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: “DIAGONAL LIMITATION, TOP ALLOWABLE ADJUSTED.”

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
OilDisposition169,442 bbl$11,099,677
Casinghead gasProduction45,979 Mcf$151,378
Total$11,251,056

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 32.4036, -102.6886. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.40356, -102.68860 · 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
4,575 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 4,575 ft.

Completions filed
Jul 2019
1 of 1 wells

1 well

42-003480701503H4,575 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 20261,120638106.413.05$121,122
Apr 20261,58782198.932.87$159,358
Mar 20262,0081,08389.753.15$183,629
Feb 20261,38092263.503.75$91,088
Jan 20261,30982759.138.00$84,015
Dec 20251,7171,44756.664.41$103,671
Nov 20252,3701,03958.593.93$142,938
Oct 20252,31493159.383.30$140,482
Sep 20251,83874862.743.08$117,618
Aug 202578564463.933.01$52,127
Jul 20251,39241366.743.32$94,271
Jun 20251,39115966.483.13$92,971
May 20251,54337860.553.23$94,650
Apr 20251,65333962.363.54$104,282
Mar 20251,68948767.704.27$116,424
Feb 20251,91889870.884.34$139,846
Jan 20252,07119174.324.28$154,734
Dec 20242,40171968.993.12$167,889
Nov 202498240369.052.20$68,693
Oct 20242,37148971.372.28$170,334
Sep 20242,28158369.612.36$160,159
Aug 20242,66749975.632.06$202,735
Jul 20242,67033179.932.15$214,124
Jun 20242,41727678.082.63$189,446
May 20241,96051578.812.20$155,600
Apr 20241,99971884.451.66$170,007
Mar 20242,50343180.301.55$201,657
Feb 20242,00170676.091.78$153,515
Jan 20241,83897673.023.30$137,429
Dec 20232,46066571.262.61$177,036
Nov 20231,69177277.892.81$133,879
Oct 20232,1801,10185.443.09$189,658
Sep 20232,61194189.042.74$235,057
Aug 20231,94595880.522.67$159,172
Jul 20232,1861,04574.852.64$166,383
Jun 20231,33768368.962.26$93,742
May 20231,89278870.622.23$135,368
Apr 20231,61172078.122.24$127,463
Mar 20232,01663972.852.39$148,395
Feb 202350924675.112.47$38,838
Jan 202383454076.533.39$65,655
Dec 20221,08651676.415.73$85,937
Nov 20221,10515085.005.65$94,772
Oct 20221,1712287.185.86$102,217
Sep 202292621884.888.16$80,379
Aug 20221,06632294.529.13$103,697
Jul 20221,066315101.587.54$110,660
Jun 20221,439601115.097.98$170,409
May 20221,417342109.378.43$157,861
Apr 20221,336425104.226.84$142,144
Mar 2022775689108.885.08$87,880
Feb 20221,80171491.054.86$167,450
Jan 20221,49945481.844.54$124,738
Dec 202197839471.323.90$71,287
Nov 20211,07137577.435.24$84,891
Oct 202195911779.795.71$77,187
Sep 2021394069.865.35$27,525
Aug 20211,761066.024.22$116,261
Jul 20211,707070.783.98$120,821
Jun 20211,854069.493.38$128,834
May 20211,704063.483.02$108,170
Apr 20211,782060.362.76$107,562
Mar 20211,169461.302.72$71,671
Feb 20211,31815357.805.55$77,029
Jan 20211,741750.412.81$87,783
Dec 20201,861044.642.68$83,075
Nov 20201,892038.772.71$73,353
Oct 20201,708036.972.48$63,145
Sep 2020769037.091.99$28,522
Aug 20201,43070439.982.39$58,851
Jul 20202,806038.371.83$107,666
Jun 20203,002134.901.69$104,771
May 20200016.921.81$0
Apr 20202,0661614.751.80$30,502
Mar 20203,40929430.341.86$103,975
Feb 20203,3371,50149.881.98$169,423
Jan 20204,3711,56757.252.09$253,522
Dec 20195,0111,57859.012.30$299,335
Nov 20195,6591,88855.302.75$318,136
Oct 20197,0022,23853.472.42$379,810
Sep 20197,7661,33055.052.66$431,052
Aug 20198,3801,03253.112.30$447,440
Jul 20192,40130356.272.46$135,850

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                1,120 bbl  × $106.41 =   $119,179
Casinghead gas       638 Mcf  × $  3.05 =     $1,943

────────────────────────────────────────────────────
Month total                                 $121,122

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/53981 is the state's own key, not one this site invented.