UNIVERSITY 6A

Operated by MARATHON OIL COMPANY (P-5 525380) in the GRIERSON SPRING (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 158860District 7CField 369535002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.4 M
May 1996 – Nov 2009
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
163
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 31 leases and 33 wells, and the rule below applies to all of them.

Discovered
1955-12-01
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 field rule took effect on 1997-07-01.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 02/01/96.

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 Gas112004-03-19155746
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
CondensateDisposition19,278 bbl$418,645
GasProduction320,755 Mcf$1,015,166
Total$1,433,811

48,365 Mcf of this lease's gas, across 8 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 31.1119, -101.6625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.11188, -101.66250 · 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
8,940 ft
1 wells filed one
Completion to plug
12.3 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 8,940 ft.

Completions filed
May 1996
1 of 1 wells
Plug dates filed
Aug 2008
1 of 1 wells

Last completion to plug: a median of 12.3 years across the 1 well that filed both dates, with the middle half between 12.3 years and 12.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3833455728,940 ftMay 1996Aug 2008Yes

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 (163)

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

163 months

Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009108032.814.63$3,543
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 2006051754.906.01$3,109
Sep 200617592960.085.04$15,194
Aug 200601,00168.717.34$7,347
Jul 2006084969.376.34$5,385
Jun 200601,07266.286.38$6,844
May 200601,15066.016.42$7,389
Apr 200601,09064.397.36$8,023
Mar 200601,13056.707.08$8,004
Feb 200601,07557.597.75$8,332
Jan 200601,12360.598.93$10,032
Dec 200501,12354.9413.42$15,065
Nov 200501,14654.6910.59$12,134
Oct 200501,15858.3413.80$15,975
Sep 20051751,03561.4512.08$23,256
Aug 200501,46861.519.80$14,382
Jul 200501,47955.697.84$11,601
Jun 200501,51352.337.38$11,168
May 200501,63245.226.65$10,855
Apr 200501,03749.207.36$7,633
Mar 200501,11350.377.15$7,963
Feb 2005091145.226.31$5,750
Jan 200501,22843.166.32$7,764
Dec 20041791,30239.866.75$15,925
Nov 200401,24945.286.33$7,907
Oct 200401,19749.706.52$7,799
Sep 200401,29743.245.28$6,853
Aug 200401,34142.375.55$7,443
Jul 200401,29238.286.08$7,861
Jun 20041791,26736.106.43$14,613
May 200401,40537.486.49$9,125
Apr 20041801,44734.475.86$14,682
Mar 20041831,54034.365.53$14,804
Feb 200401,80332.455.51$9,934
Jan 20041781,68432.036.30$16,310
Dec 20031841,35830.266.30$14,125
Nov 20031821,34928.804.60$11,440
Oct 200301,13228.174.76$5,388
Sep 20031841,22426.314.75$10,654
Aug 200301,21729.765.13$6,243
Jul 20031811,21229.415.17$11,590
Jun 20031791,10728.565.98$11,735
May 200301,25526.595.97$7,496
Apr 20031731,22726.675.41$11,249
Mar 20031781,34731.146.10$13,754
Feb 200301,30333.487.93$10,327
Jan 20031831,40130.315.58$13,367
Dec 20023661,43326.914.85$16,805
Nov 200201,34524.664.14$5,564
Oct 20021571,39426.464.23$10,050
Sep 200201,32827.443.64$4,828
Aug 200201,40125.963.16$4,433
Jul 200201,42924.583.06$4,375
Jun 200201,38223.733.34$4,613
May 2002321,46424.663.58$6,036
Apr 200201,44923.653.51$5,089
Mar 200201,43722.003.10$4,459
Feb 200201,10118.222.38$2,616
Jan 200201,80117.172.38$4,279
Dec 200101,84216.932.36$4,355
Nov 200101,64118.072.41$3,947
Oct 200101,52219.782.53$3,849
Sep 2001631,35024.262.25$4,568
Aug 200101,48824.873.05$4,543
Jul 200101,50523.933.20$4,812
Jun 200101,52924.563.82$5,847
May 200101,59125.524.31$6,853
Apr 2001981,56424.685.34$10,763
Mar 200101,69224.545.38$9,097
Feb 200101,46527.755.77$8,449
Jan 20011021,74827.478.40$17,483
Dec 200001,84126.889.12$16,795
Nov 200001,99632.215.66$11,293
Oct 2000981,99331.235.15$13,316
Sep 200002,00031.875.19$10,373
Aug 200001,98229.644.54$9,000
Jul 200001,98828.534.09$8,130
Jun 200002,78029.304.40$12,224
May 2000433,14627.263.68$12,749
Apr 2000232,88224.513.12$9,544
Mar 2000732,22928.422.86$8,449
Feb 200002,22927.622.73$6,077
Jan 2000212,57025.272.48$6,906
Dec 1999282,54224.282.42$6,841
Nov 1999832,31123.192.43$7,550
Oct 1999202,58620.982.80$7,670
Sep 1999972,61821.752.62$8,966
Aug 199902,68919.262.88$7,732
Jul 199902,75717.892.37$6,541
Jun 1999912,73615.942.36$7,913
May 199902,44215.792.32$5,668
Apr 1999971,74415.102.21$5,316
Mar 19991032,80512.471.84$6,441
Feb 199903,0599.981.82$5,561
Jan 19991062,88110.381.90$6,574
Dec 199803,2319.201.77$5,730
Nov 19981123,16110.892.19$8,129
Oct 199803,28512.421.97$6,469
Sep 19981103,16712.592.08$7,981
Aug 199803,43511.301.91$6,552
Jul 19981113,49411.742.24$9,120
Jun 19981123,52811.242.24$9,152
May 19981144,35612.622.21$11,050
Apr 19981074,05913.042.51$11,564
Mar 19982014,41312.802.31$12,764
Feb 19982194,04213.952.30$12,348
Jan 19985635,07814.702.15$19,218
Dec 19972876,42516.322.41$20,175
Nov 19971,05111,42418.193.09$54,398
Oct 199734217,05219.253.15$60,294
Sep 19973183,56517.742.95$16,175
Aug 19975181,53917.862.55$13,183
Jul 19973484,07117.582.25$15,265
Jun 19975561,27817.242.26$12,470
May 19977865,89218.972.31$28,512
Apr 19974737,21917.882.08$23,493
Mar 19971,1017,16618.951.94$34,760
Feb 19978045,32320.492.21$28,216
Jan 19974834,74523.483.54$28,137
Dec 19966355,22623.32$14,808
Nov 19963115,71021.97$6,833
Oct 19968074,47123.31$18,811
Sep 19965265,67422.22$11,688
Aug 19967247,08220.26$14,668
Jul 19962,2926,57319.55$44,809
Jun 19967658,15318.73$14,328
May 199605,47619.43$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.

Feb 2009 — as filed, then multipliedworked
Condensate           108 bbl  × $ 32.81 =     $3,543
Gas                    0 Mcf  × $  4.63 =         $0

────────────────────────────────────────────────────
Month total                                   $3,543

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/158860 is the state's own key, not one this site invented.