UNIVERSITY 32-14W

Operated by RED STAG OPERATING, LLC (P-5 697118) in the OZONA (CANYON SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 148670District 7CField 679952002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.1 M
Jan 1994 – May 2026
Value, last 12 filed months
$79 k
at the published price for each month
Months reported
389
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 2,312 leases and 2,323 wells, and the rule below applies to all of them.

Discovered
1962-02-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
600 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-09-12.

The Commission's schedule remark for this field reads: ZONE TO BE SET UP IN OZONA (CANYON SAND, OIL).

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 Gas111994-05-10130078
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
CondensateDisposition4,722 bbl$192,653
GasProduction1,130,591 Mcf$3,885,474
Total$4,078,127

217,096 Mcf of this lease's gas, across 36 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 30.6583, -101.3962. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.65832, -101.39625 · 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
9,321 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 9,321 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-1053354049,321 ftJan 1994

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 (389)

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

389 months

May 2026059106.413.05$180
Apr 2026097598.932.87$2,798
Mar 202601,82089.753.15$5,732
Feb 202601,39563.503.75$5,232
Jan 202601,62059.138.00$12,957
Dec 202502,29356.664.41$10,120
Nov 202502,29358.593.93$9,003
Oct 202501,26559.383.30$4,181
Sep 202502,04762.743.08$6,298
Aug 202502,60963.933.01$7,866
Jul 202502,31866.743.32$7,685
Jun 202502,31866.483.13$7,252
May 202501,90560.553.23$6,158
Apr 202502,23362.363.54$7,912
Mar 202502,47067.704.27$10,543
Feb 202502,00870.884.34$8,716
Jan 202502,36674.324.28$10,123
Dec 202402,48968.993.12$7,769
Nov 20241521,90169.052.20$14,675
Oct 202401,66771.372.28$3,803
Sep 202401,66769.612.36$3,941
Aug 202401,81575.632.06$3,745
Jul 202402,39179.932.15$5,133
Jun 202401,99278.082.63$5,247
May 202401,99278.812.20$4,379
Apr 202402,63584.451.66$4,372
Mar 202402,18380.301.55$3,373
Feb 202402,86376.091.78$5,107
Jan 202401,95873.023.30$6,457
Dec 202301,95871.262.61$5,112
Nov 202302,15477.892.81$6,047
Oct 202302,13085.443.09$6,576
Sep 202301,49989.042.74$4,100
Aug 202301,40980.522.67$3,766
Jul 202301,09274.852.64$2,885
Jun 202301,31868.962.26$2,977
May 202301,64670.622.23$3,666
Apr 202301,66678.122.24$3,728
Mar 202301,91672.852.39$4,585
Feb 202302,07975.112.47$5,126
Jan 202301,59976.533.39$5,417
Dec 202201,77876.415.73$10,186
Nov 202202,11485.005.65$11,936
Oct 202202,27687.185.86$13,346
Sep 202202,27684.888.16$18,581
Aug 202202,42694.529.13$22,142
Jul 202202,645101.587.54$19,949
Jun 202202,529115.097.98$20,174
May 202202,217109.378.43$18,696
Apr 202202,034104.226.84$13,908
Mar 20221542,186108.885.08$27,865
Feb 202202,08391.054.86$10,121
Jan 202202,08381.844.54$9,452
Dec 202102,23471.323.90$8,711
Nov 202102,42477.435.24$12,694
Oct 202102,26879.795.71$12,959
Sep 202102,51269.865.35$13,442
Aug 202102,51266.024.22$10,602
Jul 202102,09570.783.98$8,342
Jun 202101,53469.493.38$5,186
May 202101,52163.483.02$4,590
Apr 202102,08460.362.76$5,749
Mar 202131,86561.302.72$5,251
Feb 202101,59357.805.55$8,838
Jan 202101,47550.412.81$4,145
Dec 202001,41044.642.68$3,772
Nov 202001,45238.772.71$3,930
Oct 202001,42136.972.48$3,522
Sep 202001,45237.091.99$2,891
Aug 202002,23439.982.39$5,328
Jul 202001,74338.371.83$3,181
Jun 202001,97034.901.69$3,330
May 202002,07316.921.81$3,762
Apr 2020043814.751.80$790
Mar 202002,05430.341.86$3,813
Feb 202002,16449.881.98$4,286
Jan 202001,83257.252.09$3,838
Dec 201901,97459.012.30$4,549
Nov 201901,86055.302.75$5,116
Oct 201901,52353.472.42$3,683
Sep 201901,83455.052.66$4,873
Aug 201901,68453.112.30$3,881
Jul 2019046456.272.46$1,141
Jun 2019034852.782.49$867
May 201901,28958.482.74$3,532
Apr 201912352162.632.75$9,137
Mar 201901,70356.803.06$5,215
Feb 201901,82750.852.79$5,101
Jan 201901,78546.033.23$5,762
Dec 201802,14046.594.19$8,957
Nov 201801,83052.934.24$7,754
Oct 201801,99761.443.40$6,786
Sep 201801,90959.543.11$5,933
Aug 201811,79259.403.07$5,555
Jul 201801,80965.142.93$5,304
Jun 201801,96660.183.08$6,049
May 201801,69365.382.90$4,911
Apr 201801,96563.842.90$5,700
Mar 201802,03161.222.79$5,660
Feb 201801,83661.782.77$5,079
Jan 201802,03362.874.01$8,151
Dec 201702,62657.272.92$7,672
Nov 20171662,23555.423.12$16,169
Oct 201702,53249.292.98$7,555
Sep 201702,26247.523.09$6,983
Aug 201702,31045.373.00$6,940
Jul 201702,40243.873.09$7,416
Jun 201702,34442.493.09$7,237
May 201712,49245.373.26$8,178
Apr 201702,29347.933.21$7,364
Mar 201702,47046.772.98$7,370
Feb 201702,18050.452.95$6,437
Jan 201702,46549.413.42$8,427
Dec 201602,59848.763.72$9,672
Nov 201602,43242.492.64$6,431
Oct 201602,85746.193.09$8,829
Sep 201603,19341.553.10$9,900
Aug 201613,56841.442.92$10,475
Jul 201603,42441.622.92$10,013
Jun 201603,61445.352.69$9,707
May 201602,68842.521.99$5,352
Apr 201602,49236.561.99$4,962
Mar 201603,29233.011.79$5,906
Feb 201603,21326.472.06$6,630
Jan 201602,20427.352.36$5,211
Dec 201502,77132.362.00$5,546
Nov 201502,12438.792.17$4,603
Oct 201503,21643.552.43$7,804
Sep 20151743,29342.992.76$16,564
Aug 201503,14240.162.87$9,025
Jul 201502,51348.152.95$7,401
Jun 201502,24756.152.88$6,478
May 201502,42155.212.96$7,155
Apr 201503,54849.822.71$9,603
Mar 201502,84742.892.93$8,355
Feb 201501,89944.662.98$5,652
Jan 2015102,98543.433.10$9,690
Dec 2014111,97054.693.59$7,677
Nov 201401,50370.464.25$6,391
Oct 201401,91178.303.90$7,455
Sep 201401,49186.164.05$6,032
Aug 201401,65389.394.04$6,670
Jul 201401,27696.564.18$5,333
Jun 201401,56098.164.74$7,390
May 201402,34094.734.73$11,060
Apr 201401,66495.944.81$8,002
Mar 201401,49095.895.06$7,535
Feb 201401,23697.406.19$7,653
Jan 201401,49590.404.86$7,267
Dec 201301,54591.824.35$6,728
Nov 201301,72588.853.74$6,449
Oct 20130697.423.78$23
Sep 201302,026104.113.72$7,532
Aug 201302,438104.253.52$8,588
Jul 201302,115102.523.72$7,863
Jun 201301,92594.403.93$7,572
May 201301,96994.834.15$8,170
Apr 201303,79493.964.28$16,248
Mar 2013991,38493.623.91$14,684
Feb 201301,53391.233.42$5,243
Jan 201301,87391.603.42$6,405
Dec 201201,60186.773.42$5,476
Nov 201201,59186.953.62$5,767
Oct 201201,69289.383.40$5,752
Sep 201201,66394.672.92$4,853
Aug 201221,72892.662.91$5,211
Jul 201201,64285.133.02$4,960
Jun 201201,91279.822.52$4,816
May 201202,20891.612.49$5,494
Apr 201202,275101.652.00$4,543
Mar 201201,815105.052.22$4,033
Feb 201201,801101.102.57$4,629
Jan 201202,00098.092.73$5,468
Dec 201102,14496.873.24$6,946
Nov 201102,36195.723.31$7,818
Oct 201102,06284.983.65$7,523
Sep 201102,26883.623.99$9,040
Aug 201102,47983.404.15$10,286
Jul 201101,83994.144.52$8,307
Jun 201101,82292.904.64$8,454
May 201101,99598.134.40$8,788
Apr 20111751,629105.964.33$25,602
Mar 201102,05496.364.06$8,334
Feb 201101,60985.644.18$6,726
Jan 201101,86686.504.59$8,563
Dec 201011,57485.734.35$6,929
Nov 201002,17680.843.80$8,259
Oct 201002,03778.103.51$7,148
Sep 201001,86072.633.98$7,402
Aug 201002,32273.684.42$10,262
Jul 201002,15772.554.74$10,217
Jun 201003,99070.364.91$19,593
May 201052,30371.124.24$10,109
Apr 201002,16181.694.12$8,909
Mar 201002,69978.394.39$11,845
Feb 201001,86273.585.44$10,134
Jan 201002,10674.365.96$12,560
Dec 200902,21571.445.48$12,147
Nov 200902,30874.593.75$8,658
Oct 20091702,84772.544.11$24,034
Sep 200922,93465.543.06$9,123
Aug 200902,92267.423.22$9,404
Jul 200922,75561.133.46$9,667
Jun 200942,50566.163.90$10,022
May 200902,45554.743.93$9,638
Apr 200902,58646.773.59$9,277
Mar 200902,34442.144.06$9,514
Feb 200961,67632.814.63$7,962
Jan 200902,43635.865.37$13,084
Dec 200802,51237.105.98$15,015
Nov 200801,71455.496.86$11,759
Oct 200813,47075.246.92$24,095
Sep 200801,298101.767.88$10,224
Aug 200804,294114.228.48$36,426
Jul 200803,405131.0811.39$38,781
Jun 20081592,688131.3313.03$55,913
May 200802,684123.1711.57$31,065
Apr 200803,020110.3110.45$31,574
Mar 200803,374101.909.66$32,607
Feb 200801,85192.538.77$16,234
Jan 200802,18790.388.21$17,946
Dec 200703,03088.337.30$22,125
Nov 200702,42191.677.29$17,653
Oct 200702,30382.856.92$15,941
Sep 200703,29975.846.24$20,599
Aug 200702,06869.066.39$13,210
Jul 200701,13570.906.39$7,250
Jun 200701,67362.007.55$12,629
May 200701,84858.747.85$14,500
Apr 200702,55659.617.81$19,950
Mar 200701,80156.927.30$13,151
Feb 20071742,21355.108.22$27,769
Jan 200703,64750.306.73$24,533
Dec 200601,80956.656.92$12,515
Nov 200602,30854.207.62$17,581
Oct 200601,38954.906.01$8,353
Sep 200601,99260.085.04$10,034
Aug 200602,12368.717.34$15,583
Jul 200602,88169.376.34$18,273
Jun 200602,87266.286.38$18,335
May 200603,20366.016.42$20,579
Apr 200603,00464.397.36$22,111
Mar 200603,76556.707.08$26,667
Feb 200602,40457.597.75$18,634
Jan 200603,12560.598.93$27,917
Dec 200503,40554.9413.42$45,679
Nov 20051743,33654.6910.59$44,839
Oct 200503,56058.3413.80$49,113
Sep 200502,60361.4512.08$31,442
Aug 200503,44061.519.80$33,701
Jul 200503,58455.697.84$28,112
Jun 200502,74352.337.38$20,246
May 200503,41945.226.65$22,740
Apr 200504,55549.207.36$33,527
Mar 200502,71750.377.15$19,440
Feb 200502,50245.226.31$15,792
Jan 200502,86943.166.32$18,138
Dec 200404,51539.866.75$30,481
Nov 200405,24945.286.33$33,228
Oct 200404,49749.706.52$29,298
Sep 200410250143.245.28$7,058
Aug 200401,03642.375.55$5,750
Jul 2004070738.286.08$4,302
Jun 2004040436.106.43$2,599
May 200402,48237.486.49$16,120
Apr 200402,82134.475.86$16,527
Mar 200401,91534.365.53$10,590
Feb 200402,34632.455.51$12,926
Jan 200402,80232.036.30$17,652
Dec 200302,54530.266.30$16,038
Nov 200303,26728.804.60$15,012
Oct 200302,13528.174.76$10,162
Sep 200304,53626.314.75$21,543
Aug 20031664,24629.765.13$26,721
Jul 200304,68729.415.17$24,236
Jun 200301,69228.565.98$10,123
May 200304,07526.595.97$24,339
Apr 200304,02726.675.41$21,775
Mar 200302,81431.146.10$17,154
Feb 200304,28933.487.93$33,994
Jan 200304,86230.315.58$27,140
Dec 200204,43426.914.85$21,522
Nov 200204,53424.664.14$18,757
Oct 200204,68926.464.23$19,830
Sep 20021574,53527.443.64$20,794
Aug 200204,59525.963.16$14,539
Jul 200204,20124.583.06$12,862
Jun 200204,21523.733.34$14,071
May 200203,19124.663.58$11,437
Apr 200202,89823.653.51$10,179
Mar 200204,63822.003.10$14,390
Feb 200205,05518.222.38$12,009
Jan 200204,89417.172.38$11,627
Dec 200103,01816.932.36$7,136
Nov 20011643,32418.072.41$10,959
Oct 200103,55919.782.53$9,000
Sep 200103,52224.262.25$7,929
Aug 200102,78324.873.05$8,497
Jul 200103,15823.933.20$10,096
Jun 200103,55424.563.82$13,591
May 200103,46625.524.31$14,929
Apr 200103,94424.685.34$21,043
Mar 200102,57024.545.38$13,817
Feb 200103,36527.755.77$19,406
Jan 20011723,64227.478.40$35,313
Dec 200022,72626.889.12$24,922
Nov 200003,14032.215.66$17,766
Oct 200033,54031.235.15$18,309
Sep 200003,52031.875.19$18,256
Aug 200023,61629.644.54$16,479
Jul 200003,81128.534.09$15,586
Jun 200003,71729.304.40$16,345
May 200023,46527.263.68$12,805
Apr 200003,11824.513.12$9,716
Mar 200014,03228.422.86$11,559
Feb 200003,58727.622.73$9,780
Jan 200003,69125.272.48$9,156
Dec 19991713,26824.282.42$12,073
Nov 199913,79023.192.43$9,248
Oct 199923,83120.982.80$10,783
Sep 199903,73421.752.62$9,779
Aug 199904,04319.262.88$11,626
Jul 199923,95617.892.37$9,421
Jun 199903,84615.942.36$9,085
May 199904,02015.792.32$9,331
Apr 199903,76415.102.21$8,311
Mar 19991513,70212.471.84$8,688
Feb 199923,5129.981.82$6,404
Jan 199903,74510.381.90$7,115
Dec 199833,6739.201.77$6,541
Nov 199803,71110.892.19$8,111
Oct 199803,92412.421.97$7,727
Sep 199803,87112.592.08$8,062
Aug 19981614,19411.301.91$9,819
Jul 199804,28811.742.24$9,593
Jun 199813,87611.242.24$8,683
May 199804,98112.622.21$10,990
Apr 199803,69813.042.51$9,265
Mar 199804,38912.802.31$10,136
Feb 199804,31413.952.30$9,918
Jan 19981604,60814.702.15$12,281
Dec 199704,96416.322.41$11,969
Nov 199703,84918.193.09$11,887
Oct 199704,21919.253.15$13,289
Sep 199704,04717.742.95$11,958
Aug 199704,00317.862.55$10,227
Jul 199704,34417.582.25$9,761
Jun 19971684,25417.242.26$12,498
May 199704,38618.972.31$10,125
Apr 199704,16117.882.08$8,666
Mar 199704,18618.951.94$8,117
Feb 199704,45820.492.21$9,834
Jan 199704,35723.483.54$15,422
Dec 19961634,93423.32$3,801
Nov 199634,79821.97$66
Oct 199604,98823.31$0
Sep 199604,79322.22$0
Aug 199604,89520.26$0
Jul 199605,17019.55$0
Jun 19961745,28818.73$3,259
May 199605,29219.43$0
Apr 199605,00921.51$0
Mar 199605,16119.38$0
Feb 199604,62416.98$0
Jan 199644,44817.07$68
Dec 199505,29117.19$0
Nov 199504,94316.00$0
Oct 199505,78715.43$0
Sep 19951706,04716.18$2,751
Aug 199517,55215.92$16
Jul 199504,12915.24$0
Jun 199504,68516.41$0
May 199506,87617.56$0
Apr 19951704,96217.73$3,014
Mar 199506,61516.44$0
Feb 199506,16916.58$0
Jan 19951747,24415.92$2,770
Dec 199406,62915.03$0
Nov 199406,80515.90$0
Oct 199407,44815.58$0
Sep 19941558,01615.29$2,370
Aug 199408,97516.13$0
Jul 199408,45717.56$0
Jun 19941694,52217.09$2,888
May 199406,83515.88$0
Apr 199408,21114.14$0
Mar 19941769,19612.46$2,193
Feb 199409,40812.50$0
Jan 199402,89412.66$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
Condensate             0 bbl  × $106.41 =         $0
Gas                   59 Mcf  × $  3.05 =       $180

────────────────────────────────────────────────────
Month total                                     $180

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/148670 is the state's own key, not one this site invented.