UNIVERSITY "E"

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

Gas lease lease 140260District 7CField 051433002 tax incentive programmesCondensateGasSaveExport
Value, all time
$216 k
Jan 1993 – Mar 2006
Value, last 12 filed months
$934
at the published price for each month
Months reported
159
no gaps in the span
Streams
2
condensate, 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 132 leases and 192 wells, and the rule below applies to all of them.

Discovered
1976-03-22
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

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

The Commission's schedule remark for this field reads: THE TOLERANCE ACREAGE OF 40 WAS REMOVED PER DOCKET 7C-0231629.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111992-07-21125591
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition2,055 bbl$38,994
GasProduction180,046 Mcf$177,409
Total$216,403

124,609 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 (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 31.0623, -100.8805. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.06232, -100.88046 · 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
100.0%
1 of 1 wells
Median depth
7,150 ft
1 wells filed one
Completion to plug
14.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 7,150 ft.

Completions filed
Nov 1991
1 of 1 wells
Plug dates filed
Jan 2006
1 of 1 wells

Last completion to plug: a median of 14.2 years across the 1 well that filed both dates, with the middle half between 14.2 years and 14.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4133176917,150 ftNov 1991Jan 2006Yes

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 (159)

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

159 months

Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 200517054.9413.42$934
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 2004107042.375.55$4,534
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030430.266.30$25
Nov 2003011528.804.60$528
Oct 2003024628.174.76$1,171
Sep 2003024126.314.75$1,145
Aug 2003038829.765.13$1,990
Jul 2003038429.415.17$1,986
Jun 2003047928.565.98$2,866
May 2003050426.595.97$3,010
Apr 2003052526.675.41$2,839
Mar 2003048431.146.10$2,950
Feb 2003031133.487.93$2,465
Jan 2003035830.315.58$1,998
Dec 2002036326.914.85$1,762
Nov 2002035224.664.14$1,456
Oct 2002037226.464.23$1,573
Sep 2002037127.443.64$1,349
Aug 2002039525.963.16$1,250
Jul 2002034724.583.06$1,062
Jun 2002037823.733.34$1,262
May 2002037624.663.58$1,348
Apr 2002036623.653.51$1,286
Mar 2002045622.003.10$1,415
Feb 2002043718.222.38$1,038
Jan 2002050017.172.38$1,188
Dec 2001055216.932.36$1,305
Nov 2001067618.072.41$1,626
Oct 2001063819.782.53$1,613
Sep 2001026924.262.25$606
Aug 2001066124.873.05$2,018
Jul 200117576423.933.20$6,630
Jun 2001070124.563.82$2,681
May 2001065625.524.31$2,826
Apr 2001047924.685.34$2,556
Mar 2001042024.545.38$2,258
Feb 2001057627.755.77$3,322
Jan 2001065227.478.40$5,476
Dec 2000062926.889.12$5,738
Nov 2000058132.215.66$3,287
Oct 2000059531.235.15$3,062
Sep 2000056231.875.19$2,915
Aug 2000070229.644.54$3,188
Jul 2000079528.534.09$3,251
Jun 2000080829.304.40$3,553
May 2000072827.263.68$2,679
Apr 2000079124.513.12$2,465
Mar 2000083728.422.86$2,394
Feb 2000082527.622.73$2,249
Jan 200016991725.272.48$6,545
Dec 1999085724.282.42$2,077
Nov 1999076723.192.43$1,867
Oct 1999061220.982.80$1,716
Sep 1999075021.752.62$1,964
Aug 1999055619.262.88$1,599
Jul 1999068817.892.37$1,632
Jun 1999067915.942.36$1,604
May 1999071415.792.32$1,657
Apr 1999072815.102.21$1,607
Mar 1999079412.471.84$1,460
Feb 199907399.981.82$1,343
Jan 1999083110.381.90$1,579
Dec 19981707869.201.77$2,958
Nov 1998069010.892.19$1,508
Oct 1998076512.421.97$1,506
Sep 1998063812.592.08$1,329
Aug 19981355111.301.91$1,198
Jul 1998093011.742.24$2,081
Jun 1998085211.242.24$1,906
May 199801,08512.622.21$2,394
Apr 199801,03813.042.51$2,601
Mar 1998096912.802.31$2,238
Feb 1998087813.952.30$2,019
Jan 1998099014.702.15$2,133
Dec 1997095216.322.41$2,295
Nov 1997077618.193.09$2,396
Oct 1997079019.253.15$2,488
Sep 199701,24517.742.95$3,679
Aug 19972780317.862.55$2,534
Jul 1997082017.582.25$1,842
Jun 1997098417.242.26$2,221
May 199701,11318.972.31$2,569
Apr 199701,17617.882.08$2,449
Mar 19971351,15818.951.94$4,804
Feb 199701,13220.492.21$2,497
Jan 199701,03523.483.54$3,664
Dec 199601,24423.32$0
Nov 199601,24721.97$0
Oct 199601,30823.31$0
Sep 199601,26022.22$0
Aug 199601,30020.26$0
Jul 199601,03619.55$0
Jun 1996093718.73$0
May 19961761,32719.43$3,420
Apr 199601,39821.51$0
Mar 199601,49819.38$0
Feb 199601,30016.98$0
Jan 199601,54517.07$0
Dec 199501,73217.19$0
Nov 199501,25816.00$0
Oct 199501,45415.43$0
Sep 199501,51816.18$0
Aug 199501,54115.92$0
Jul 19951741,63415.24$2,652
Jun 199511,62216.41$16
May 199501,75817.56$0
Apr 199501,72117.73$0
Mar 199501,86116.44$0
Feb 199501,53116.58$0
Jan 199501,90815.92$0
Dec 199412,02515.03$15
Nov 19941762,04515.90$2,798
Oct 199402,17215.58$0
Sep 199402,15915.29$0
Aug 199402,30916.13$0
Jul 199402,39217.56$0
Jun 199402,39017.09$0
May 199412,61215.88$16
Apr 199402,58714.14$0
Mar 19941782,92712.46$2,218
Feb 199402,71312.50$0
Jan 199403,20012.66$0
Dec 199303,46212.33$0
Nov 199303,59614.49$0
Oct 19931733,91115.85$2,742
Sep 199303,96315.03$0
Aug 199304,34815.66$0
Jul 199304,60015.46$0
Jun 199304,90816.79$0
May 19931825,63117.68$3,218
Apr 199305,31218.05$0
Mar 199305,76718.14$0
Feb 19931806,42917.90$3,222
Jan 199308,21316.93$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.

Dec 2005 — as filed, then multipliedworked
Condensate            17 bbl  × $ 54.94 =       $934
Gas                    0 Mcf  × $ 13.42 =         $0

────────────────────────────────────────────────────
Month total                                     $934

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. 7C/G/140260 is the state's own key, not one this site invented.