UNIVERSITY -24-

Name: UNIVERSITY -24- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SANDRIDGE EXPL. AND PROD., LLC (P-5 748011) in the ANDREWS, SOUTH (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 9937District 08Field 02730852Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$631 k

Jan 1993 – Jun 2010

Value, last 12 filed months

at the published price for each month

Months reported

210

no gaps in the span

Streams

oil, casinghead gas

The ANDREWS, SOUTH (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 68 leases and 131 wells, and the rule below applies to all of them.

Discovered

1953-09-14

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres.

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.

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.

Stream	Basis	Volume	Value
Oil	Disposition	27,809 bbl	$543,083
Casinghead gas	Production	48,952 Mcf	$88,202
Total			$631,285

19,104 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (3)

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 32.1815, -102.4904. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.18095, -102.49004 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

3 of 3 wells

With a plug date

66.7%

2 of 3 wells

Median depth

9,014 ft

3 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

266.7%

BothOn the schedule and plugged. Neither fact cancels the other.

266.7%

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

Between 9,007 and 9,050 ft, median 9,014 ft, over the 3 wells that filed a depth.

Completions filed

Jun 2011

1 of 3 wells; 2 filed none

Plug dates filed

Apr 1994 – Oct 2008

2 of 3 wells; 1 filed none

3 wells


42-00305523	1	9,050 ft	—	Oct 2008	Yes
42-00305527	2	9,007 ft	—	Apr 1994	Yes
42-00310066	3	9,014 ft	Jun 2011	—	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 (210)

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

210 months


Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	187	0	31.14	6.10	$5,823
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	183	0	30.31	5.58	$5,547
Dec 2002	193	0	26.91	4.85	$5,194
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	183	0	26.46	4.23	$4,842
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	187	0	25.96	3.16	$4,855
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	179	0	24.66	3.58	$4,414
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	187	0	22.00	3.10	$4,114
Feb 2002	189	0	18.22	2.38	$3,444
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	186	0	16.93	2.36	$3,149
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	189	0	19.78	2.53	$3,738
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	178	0	24.56	3.82	$4,372
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	190	2	24.54	5.38	$4,673
Feb 2001	0	2	27.75	5.77	$12
Jan 2001	376	333	27.47	8.40	$13,126
Dec 2000	391	647	26.88	9.12	$16,412
Nov 2000	378	750	32.21	5.66	$16,419
Oct 2000	563	761	31.23	5.15	$21,498
Sep 2000	372	696	31.87	5.19	$15,465
Aug 2000	560	708	29.64	4.54	$19,813
Jul 2000	379	689	28.53	4.09	$13,631
Jun 2000	380	739	29.30	4.40	$14,384
May 2000	184	420	27.26	3.68	$6,561
Apr 2000	382	358	24.51	3.12	$10,478
Mar 2000	573	602	28.42	2.86	$18,006
Feb 2000	0	477	27.62	2.73	$1,301
Jan 2000	527	701	25.27	2.48	$15,056
Dec 1999	373	760	24.28	2.42	$10,898
Nov 1999	387	747	23.19	2.43	$10,793
Oct 1999	383	727	20.98	2.80	$10,074
Sep 1999	378	687	21.75	2.62	$10,021
Aug 1999	188	699	19.26	2.88	$5,631
Jul 1999	355	699	17.89	2.37	$8,009
Jun 1999	376	723	15.94	2.36	$7,701
May 1999	189	883	15.79	2.32	$5,034
Apr 1999	343	517	15.10	2.21	$6,321
Mar 1999	177	772	12.47	1.84	$3,626
Feb 1999	185	495	9.98	1.82	$2,746
Jan 1999	375	898	10.38	1.90	$5,599
Dec 1998	304	889	9.20	1.77	$4,373
Nov 1998	0	350	10.89	2.19	$765
Oct 1998	365	553	12.42	1.97	$5,622
Sep 1998	0	738	12.59	2.08	$1,537
Aug 1998	355	666	11.30	1.91	$5,282
Jul 1998	359	784	11.74	2.24	$5,969
Jun 1998	338	757	11.24	2.24	$5,493
May 1998	0	780	12.62	2.21	$1,721
Apr 1998	313	499	13.04	2.51	$5,332
Mar 1998	277	555	12.80	2.31	$4,827
Feb 1998	0	664	13.95	2.30	$1,527
Jan 1998	265	602	14.70	2.15	$5,193
Dec 1997	269	652	16.32	2.41	$5,962
Nov 1997	1	629	18.19	3.09	$1,961
Oct 1997	296	456	19.25	3.15	$7,134
Sep 1997	296	311	17.74	2.95	$6,170
Aug 1997	296	405	17.86	2.55	$6,321
Jul 1997	295	307	17.58	2.25	$5,876
Jun 1997	278	254	17.24	2.26	$5,366
May 1997	280	527	18.97	2.31	$6,528
Apr 1997	285	531	17.88	2.08	$6,202
Mar 1997	0	525	18.95	1.94	$1,018
Feb 1997	272	462	20.49	2.21	$6,592
Jan 1997	263	460	23.48	3.54	$7,804
Dec 1996	268	425	23.32	—	$6,250
Nov 1996	257	610	21.97	—	$5,646
Oct 1996	274	810	23.31	—	$6,387
Sep 1996	257	702	22.22	—	$5,711
Aug 1996	246	345	20.26	—	$4,984
Jul 1996	239	411	19.55	—	$4,672
Jun 1996	346	264	18.73	—	$6,481
May 1996	238	447	19.43	—	$4,624
Apr 1996	235	433	21.51	—	$5,055
Mar 1996	211	453	19.38	—	$4,089
Feb 1996	191	305	16.98	—	$3,243
Jan 1996	194	373	17.07	—	$3,312
Dec 1995	192	562	17.19	—	$3,300
Nov 1995	399	547	16.00	—	$6,384
Oct 1995	217	444	15.43	—	$3,348
Sep 1995	248	462	16.18	—	$4,013
Aug 1995	256	557	15.92	—	$4,076
Jul 1995	257	173	15.24	—	$3,917
Jun 1995	491	248	16.41	—	$8,057
May 1995	246	345	17.56	—	$4,320
Apr 1995	258	338	17.73	—	$4,574
Mar 1995	257	424	16.44	—	$4,225
Feb 1995	263	380	16.58	—	$4,361
Jan 1995	183	259	15.92	—	$2,913
Dec 1994	366	331	15.03	—	$5,501
Nov 1994	184	326	15.90	—	$2,926
Oct 1994	178	366	15.58	—	$2,773
Sep 1994	312	237	15.29	—	$4,770
Aug 1994	163	243	16.13	—	$2,629
Jul 1994	154	247	17.56	—	$2,704
Jun 1994	158	267	17.09	—	$2,700
May 1994	338	339	15.88	—	$5,367
Apr 1994	182	178	14.14	—	$2,573
Mar 1994	4	223	12.46	—	$50
Feb 1994	225	159	12.50	—	$2,813
Jan 1994	112	276	12.66	—	$1,418
Dec 1993	454	358	12.33	—	$5,598
Nov 1993	239	402	14.49	—	$3,463
Oct 1993	223	489	15.85	—	$3,535
Sep 1993	438	536	15.03	—	$6,583
Aug 1993	211	671	15.66	—	$3,304
Jul 1993	187	918	15.46	—	$2,891
Jun 1993	179	516	16.79	—	$3,005
May 1993	169	767	17.68	—	$2,988
Apr 1993	181	259	18.05	—	$3,267
Mar 1993	175	318	18.14	—	$3,175
Feb 1993	171	278	17.90	—	$3,061
Jan 1993	171	83	16.93	—	$2,895

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.

Mar 2003 — as filed, then multipliedworked

Oil                  187 bbl  × $ 31.14 =     $5,823
Casinghead gas         0 Mcf  × $  6.10 =         $0

────────────────────────────────────────────────────
Month total                                   $5,823

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/9937 is the state's own key, not one this site invented.