UNIVERSITY 7-8F

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 54018District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$27.4 M
Jan 2020 – May 2026
Value, last 12 filed months
$2.2 M
at the published price for each month
Months reported
77
no gaps in the span
Streams
2
oil, casinghead gas

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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered
1952-12-22
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 2018-02-13.

The Commission's schedule remark for this field reads: SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.

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
OilDisposition390,405 bbl$25,144,872
Casinghead gasProduction545,410 Mcf$2,228,056
Total$27,372,928

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 32.3812, -102.2651. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.38116, -102.26506 · 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
8,957 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 8,957 ft.

Completions filed
Jun 2020
1 of 1 wells

1 well

42-003481856H8,957 ftJun 2020

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 (77)

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

77 months

May 20261,4883,918106.413.05$170,272
Apr 20262,1115,30798.932.87$224,071
Mar 20262,2775,94089.753.15$223,068
Feb 20261,8835,13363.503.75$138,821
Jan 20261,7504,50859.138.00$139,532
Dec 20252,1465,66956.664.41$146,612
Nov 20252,2325,77858.593.93$153,460
Oct 20252,2694,70259.383.30$150,273
Sep 20252,2104,95062.743.08$153,886
Aug 20252,6624,95063.933.01$185,105
Jul 20253,6164,12766.743.32$255,014
Jun 20253,2983,49966.483.13$230,198
May 20253,3825,06760.553.23$221,158
Apr 20252,4084,35462.363.54$165,590
Mar 20252,5874,30167.704.27$193,498
Feb 20252,3904,07470.884.34$187,088
Jan 20252,5114,23774.324.28$204,746
Dec 20242,7944,70868.993.12$207,453
Nov 20242,7015,18169.052.20$197,894
Oct 20242,9364,75471.372.28$220,388
Sep 20243,0144,52769.612.36$220,508
Aug 20243,3344,86575.632.06$262,190
Jul 20243,0634,55779.932.15$254,608
Jun 20242,9113,21278.082.63$235,751
May 20243,1622,77978.812.20$255,307
Apr 20243,3182,35184.451.66$284,106
Mar 20243,3191,95980.301.55$269,543
Feb 20242,9011,23876.091.78$222,945
Jan 20242,7121,25573.023.30$202,169
Dec 20231,69590871.262.61$123,156
Nov 202379677.892.81$6,170
Oct 20233332885.443.09$28,538
Sep 20232,5132,17389.042.74$229,701
Aug 20233,5454,22980.522.67$296,747
Jul 20233,4265,38274.852.64$270,654
Jun 20232,6766,23268.962.26$198,612
May 20232,0833,54070.622.23$154,986
Apr 20231,9274,54578.122.24$160,708
Mar 20234,52910,05772.852.39$354,006
Feb 20233,6828,89675.112.47$298,490
Jan 20234,40210,57476.533.39$372,707
Dec 20224,2569,68876.415.73$380,704
Nov 20224,3549,77985.005.65$425,304
Oct 20224,72910,84587.185.86$475,867
Sep 20224,71510,19184.888.16$483,405
Aug 20225,25611,48394.529.13$601,604
Jul 20224,7449,947101.587.54$556,917
Jun 20225,39812,306115.097.98$719,423
May 20226,12114,431109.378.43$791,151
Apr 20226,47614,095104.226.84$771,305
Mar 20226,42112,516108.885.08$762,655
Feb 20226,72511,33691.054.86$667,391
Jan 20223,6936,74181.844.54$332,824
Dec 20216,55911,95171.323.90$514,386
Nov 20217,71414,51077.435.24$673,282
Oct 20218,73916,53679.795.71$791,769
Sep 20218,76915,70369.865.35$696,628
Aug 20218,36412,08966.024.22$603,214
Jul 20216,2487,30570.783.98$471,323
Jun 20217,0966,97469.493.38$516,677
May 202112,35111,70163.483.02$819,351
Apr 202112,0027,84860.362.76$746,089
Mar 20215,1304,28461.302.72$326,108
Feb 20211,8632,15657.805.55$119,643
Jan 202113,03311,29150.412.81$688,724
Dec 202011,55912,57144.642.68$549,627
Nov 202018,00520,16938.772.71$752,643
Oct 202021,71022,34936.972.48$858,009
Sep 202025,25422,65937.091.99$981,786
Aug 202024,78018,26039.982.39$1,034,256
Jul 202018,23713,44938.371.83$724,300
Jun 20201,8291,77734.901.69$66,836
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

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                1,488 bbl  × $106.41 =   $158,338
Casinghead gas     3,918 Mcf  × $  3.05 =    $11,934

────────────────────────────────────────────────────
Month total                                 $170,272

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/54018 is the state's own key, not one this site invented.