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UNIVERSITY 5-38 C

Operated by OVINTIV USA INC. (P-5 628658) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 54014District 08Field 85280301Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$33.3 M
Dec 2019 – May 2026
Value, last 12 filed months
$2.6 M
at the published price for each month
Months reported
78
no gaps in the span
Streams
2
oil, casinghead gas

The SPRABERRY (TREND AREA) R 40 EXC 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 581 leases and 1,079 wells, and the rule below applies to all of them.

Discovered
2013-12-18
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 80 acres. The field rule took effect on 2016-03-08.

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: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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
OilDisposition548,085 bbl$32,507,275
Casinghead gasProduction254,817 Mcf$789,997
Total$33,297,272

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 32.4018, -102.3074. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.40176, -102.30742 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,612 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
1100.0%
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.
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

The one well that filed a depth was drilled to 9,612 ft.

Completions filed
Dec 2019
1 of 1 wells

1 well

42-003480984H9,612 ftDec 2019—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 (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 20262,7672,726106.413.05$302,739
Apr 20264,668098.932.87$461,805
Mar 20264,7433,21489.753.15$435,807
Feb 20263,4011,46563.503.75$221,458
Jan 20261,67175559.138.00$104,845
Dec 202527056.664.41$1,530
Nov 20253,4181,85058.593.93$207,525
Oct 20253,4871,54359.383.30$212,157
Sep 20253,1931,17562.743.08$203,944
Aug 20252,83483363.933.01$183,689
Jul 20252,08749866.743.32$140,937
Jun 20251,92543166.483.13$129,322
May 20251,73319760.553.23$105,570
Apr 20251,49420362.363.54$93,885
Mar 202579317767.704.27$54,442
Feb 20250070.884.34$0
Jan 20250274.324.28$9
Dec 202423068.993.12$1,587
Nov 20241,4841,05669.052.20$104,792
Oct 20243,8862,71671.372.28$283,540
Sep 20243,9762,68669.612.36$283,120
Aug 20244,3053,33475.632.06$332,467
Jul 20244,9633,90579.932.15$405,075
Jun 20244,9352,04778.082.63$390,717
May 20246,1932,27778.812.20$493,076
Apr 20244,7071,63884.451.66$400,224
Mar 20244,0742,02980.301.55$330,277
Feb 20244,2432,73976.091.78$327,735
Jan 20242,56778573.023.30$190,031
Dec 20232,18369571.262.61$157,375
Nov 202328111977.892.81$22,221
Oct 20231,21928485.443.09$105,028
Sep 20231,44034389.042.74$129,156
Aug 20232,1071,26180.522.67$173,026
Jul 20231,1475,85274.852.64$101,313
Jun 20239364,90968.962.26$75,633
May 202320637170.622.23$15,374
Apr 20231,68896278.122.24$134,019
Mar 20233,5751,49872.852.39$264,024
Feb 20233,1181,30775.112.47$237,416
Jan 20233,5211,98476.533.39$276,183
Dec 20224,5932,92376.415.73$367,697
Nov 20225,0994,09985.005.65$456,559
Oct 20225,5653,82587.185.86$507,586
Sep 20225,2862,76884.888.16$471,273
Aug 20225,0782,92894.529.13$506,697
Jul 202210,5012,640101.587.54$1,086,603
Jun 20226,4793,895115.097.98$776,739
May 20227,0592,647109.378.43$794,365
Apr 20226,3451,006104.226.84$668,155
Mar 20227,6462,605108.885.08$845,721
Feb 20225,9372,01691.054.86$550,359
Jan 202210,1744,07181.844.54$851,113
Dec 20217,9232,63371.323.90$575,335
Nov 20217,4964,19477.435.24$602,379
Oct 20218,4164,38679.795.71$696,574
Sep 20217,7902,46569.865.35$557,399
Aug 20219,9142,56266.024.22$665,335
Jul 202111,6224,37570.783.98$840,027
Jun 202111,9092,60869.493.38$836,373
May 202112,9772,78363.483.02$832,178
Apr 202111,438060.362.76$690,398
Mar 20217,75994961.302.72$478,205
Feb 20212,01655857.805.55$119,621
Jan 20217,3002,22650.412.81$374,249
Dec 202018,5347,41944.642.68$847,207
Nov 202014,1659,22938.772.71$574,156
Oct 202016,54813,14536.972.48$644,359
Sep 202016,84413,92437.091.99$652,467
Aug 202015,1529,80039.982.39$629,151
Jul 202018,27711,14238.371.83$721,624
Jun 202022,6649,71234.901.69$807,390
May 202017,2599,64016.921.81$309,516
Apr 202021,56511,73114.751.80$339,251
Mar 202028,89812,67830.341.86$900,299
Feb 202033,61110,55149.881.98$1,697,415
Jan 202030,12410,81857.252.09$1,747,260
Dec 20193,104059.012.30$183,167

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                2,767 bbl  × $106.41 =   $294,436
Casinghead gas     2,726 Mcf  × $  3.05 =     $8,303

────────────────────────────────────────────────────
Month total                                 $302,739

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/54014 is the state's own key, not one this site invented.