UNIVERSITY 8-4D N

Operated by OVINTIV USA INC. (P-5 628658) 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 58586District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$24.7 M
Jun 2022 – May 2026
Value, last 12 filed months
$2.4 M
at the published price for each month
Months reported
48
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
OilDisposition285,202 bbl$23,592,075
Casinghead gasProduction290,520 Mcf$1,099,611
Total$24,691,686

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 32.4229, -102.3433. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.42286, -102.34326 · 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
9,619 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 9,619 ft.

Completions filed
Jun 2022
1 of 1 wells

1 well

42-00348456H 4LS9,619 ftJun 2022

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 (48)

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

48 months

May 20262,5756,264106.413.05$293,085
Apr 20262,5637,56198.932.87$275,256
Mar 20262,9726,00089.753.15$285,634
Feb 20261,9792,37563.503.75$134,574
Jan 20261,8021,70859.138.00$120,213
Dec 20253,0962,98856.664.41$188,606
Nov 20252,4073,85358.593.93$156,155
Oct 20251,6633,19159.383.30$109,295
Sep 20252,9134,11662.743.08$195,426
Aug 20253,1165,06963.933.01$214,488
Jul 20252,9216,00866.743.32$214,865
Jun 20253,0114,93966.483.13$215,624
May 20251,4661,66160.553.23$94,135
Apr 20251,7052,29062.363.54$114,438
Mar 20252,2462,14867.704.27$161,223
Feb 20252,7254,21770.884.34$211,453
Jan 20253,5744,52574.324.28$284,981
Dec 20243,3093,56968.993.12$239,428
Nov 20242,9223,39169.052.20$209,219
Oct 20243,9827,03371.372.28$300,240
Sep 20244,0326,37369.612.36$295,736
Aug 20243,8034,49875.632.06$296,903
Jul 20242,5513,34679.932.15$211,084
Jun 20244,1986,22778.082.63$344,182
May 20243,4543,07378.812.20$278,966
Apr 202488254484.451.66$75,388
Mar 20244,3156,65480.301.55$356,776
Feb 20244,7086,97376.091.78$370,669
Jan 20245,6187,18173.023.30$433,907
Dec 20238,8878,22071.262.61$654,748
Nov 20232,0102,22377.892.81$162,800
Oct 20236,4805,57685.443.09$570,866
Sep 20238,3308,18089.042.74$764,076
Aug 20237,1174,12280.522.67$584,078
Jul 20239262,65974.852.64$76,336
Jun 20233,0097,64868.962.26$224,774
May 20234,40515,32270.622.23$345,209
Apr 20235,8726,12678.122.24$472,429
Mar 20236,54812,24872.852.39$506,333
Feb 20239,0859,91875.112.47$706,829
Jan 202312,23812,62476.533.39$979,341
Dec 202215,79013,96376.415.73$1,286,509
Nov 202214,65911,56285.005.65$1,311,296
Oct 202214,3049,60987.185.86$1,303,368
Sep 202217,2909,21484.888.16$1,542,795
Aug 202222,3589,57194.529.13$2,200,634
Jul 202223,8859,860101.587.54$2,500,603
Jun 202215,5014,100115.097.98$1,816,717

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                2,575 bbl  × $106.41 =   $274,006
Casinghead gas     6,264 Mcf  × $  3.05 =    $19,079

────────────────────────────────────────────────────
Month total                                 $293,085

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/58586 is the state's own key, not one this site invented.