UNIVERSITY 5

Name: UNIVERSITY 5 lease production and value, Jul 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the DEER CANYON (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 178719District 7CField 239323752 tax incentive programmesCondensateGasSave Export

Value, all time

$1.4 M

Jul 2000 – Sep 2016

Value, last 12 filed months

at the published price for each month

Months reported

195

no gaps in the span

Streams

condensate, gas

The DEER CANYON (STRAWN) 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 33 leases and 33 wells, and the rule below applies to all of them.

Discovered

1995-04-07

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 04/01/96.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2001-08-20	144359
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	7,565 bbl	$364,134
Gas	Production	197,334 Mcf	$1,057,859
Total			$1,421,993

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 30.5125, -102.1061. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.51251, -102.10606 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

11,488 ft

1 wells filed one

Completion to plug

8 months

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 11,488 ft.

Completions filed

Mar 2015

1 of 1 wells

Plug dates filed

Nov 2015

1 of 1 wells

Last completion to plug: a median of 8 months across the 1 well that filed both dates, with the middle half between 8 months and 8 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-44330824	2	11,488 ft	Mar 2015	Nov 2015	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 (195)

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

195 months


Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	56	85	54.69	3.59	$3,368
Nov 2014	0	104	70.46	4.25	$442
Oct 2014	0	89	78.30	3.90	$347
Sep 2014	0	35	86.16	4.05	$142
Aug 2014	187	516	89.39	4.04	$18,798
Jul 2014	0	436	96.56	4.18	$1,822
Jun 2014	0	552	98.16	4.74	$2,615
May 2014	0	457	94.73	4.73	$2,160
Apr 2014	0	618	95.94	4.81	$2,972
Mar 2014	0	710	95.89	5.06	$3,590
Feb 2014	0	571	97.40	6.19	$3,536
Jan 2014	0	259	90.40	4.86	$1,259
Dec 2013	0	85	91.82	4.35	$370
Nov 2013	0	414	88.85	3.74	$1,548
Oct 2013	188	668	97.42	3.78	$20,840
Sep 2013	0	495	104.11	3.72	$1,840
Aug 2013	0	664	104.25	3.52	$2,339
Jul 2013	0	1,003	102.52	3.72	$3,729
Jun 2013	0	686	94.40	3.93	$2,698
May 2013	0	1,116	94.83	4.15	$4,630
Apr 2013	190	1,272	93.96	4.28	$23,300
Mar 2013	0	498	93.62	3.91	$1,949
Feb 2013	0	260	91.23	3.42	$889
Jan 2013	0	103	91.60	3.42	$352
Dec 2012	0	57	86.77	3.42	$195
Nov 2012	0	109	86.95	3.62	$395
Oct 2012	0	182	89.38	3.40	$619
Sep 2012	0	232	94.67	2.92	$677
Aug 2012	0	163	92.66	2.91	$474
Jul 2012	0	205	85.13	3.02	$619
Jun 2012	0	220	79.82	2.52	$554
May 2012	0	239	91.61	2.49	$595
Apr 2012	0	216	101.65	2.00	$431
Mar 2012	0	229	105.05	2.22	$509
Feb 2012	0	236	101.10	2.57	$607
Jan 2012	0	177	98.09	2.73	$484
Dec 2011	0	36	96.87	3.24	$117
Nov 2011	0	54	95.72	3.31	$179
Oct 2011	172	42	84.98	3.65	$14,770
Sep 2011	0	46	83.62	3.99	$183
Aug 2011	0	635	83.40	4.15	$2,635
Jul 2011	0	606	94.14	4.52	$2,737
Jun 2011	0	59	92.90	4.64	$274
May 2011	0	42	98.13	4.40	$185
Apr 2011	0	220	105.96	4.33	$953
Mar 2011	0	572	96.36	4.06	$2,321
Feb 2011	0	281	85.64	4.18	$1,175
Jan 2011	0	639	86.50	4.59	$2,932
Dec 2010	185	684	85.73	4.35	$18,834
Nov 2010	0	753	80.84	3.80	$2,858
Oct 2010	0	739	78.10	3.51	$2,593
Sep 2010	0	470	72.63	3.98	$1,870
Aug 2010	0	816	73.68	4.42	$3,606
Jul 2010	0	870	72.55	4.74	$4,121
Jun 2010	0	630	70.36	4.91	$3,094
May 2010	188	954	71.12	4.24	$17,411
Apr 2010	0	755	81.69	4.12	$3,113
Mar 2010	0	909	78.39	4.39	$3,989
Feb 2010	0	470	73.58	5.44	$2,558
Jan 2010	0	974	74.36	5.96	$5,809
Dec 2009	0	900	71.44	5.48	$4,935
Nov 2009	186	1,489	74.59	3.75	$19,460
Oct 2009	0	1,599	72.54	4.11	$6,572
Sep 2009	0	1,808	65.54	3.06	$5,541
Aug 2009	0	1,868	67.42	3.22	$6,012
Jul 2009	185	2,668	61.13	3.46	$20,552
Jun 2009	0	3,204	66.16	3.90	$12,480
May 2009	181	3,753	54.74	3.93	$24,641
Apr 2009	0	3,677	46.77	3.59	$13,191
Mar 2009	183	2,844	42.14	4.06	$19,255
Feb 2009	182	687	32.81	4.63	$9,154
Jan 2009	0	392	35.86	5.37	$2,105
Dec 2008	0	80	37.10	5.98	$478
Nov 2008	0	41	55.49	6.86	$281
Oct 2008	0	54	75.24	6.92	$374
Sep 2008	0	51	101.76	7.88	$402
Aug 2008	0	25	114.22	8.48	$212
Jul 2008	0	33	131.08	11.39	$376
Jun 2008	0	32	131.33	13.03	$417
May 2008	0	37	123.17	11.57	$428
Apr 2008	0	41	110.31	10.45	$429
Mar 2008	0	30	101.90	9.66	$290
Feb 2008	0	31	92.53	8.77	$272
Jan 2008	0	32	90.38	8.21	$263
Dec 2007	0	42	88.33	7.30	$307
Nov 2007	0	44	91.67	7.29	$321
Oct 2007	0	37	82.85	6.92	$256
Sep 2007	0	34	75.84	6.24	$212
Aug 2007	0	32	69.06	6.39	$204
Jul 2007	254	49	70.90	6.39	$18,322
Jun 2007	0	3	62.00	7.55	$23
May 2007	0	40	58.74	7.85	$314
Apr 2007	0	1,231	59.61	7.81	$9,608
Mar 2007	0	3,747	56.92	7.30	$27,360
Feb 2007	200	3,700	55.10	8.22	$41,419
Jan 2007	0	4,224	50.30	6.73	$28,414
Dec 2006	177	4,393	56.65	6.92	$40,420
Nov 2006	185	1,621	54.20	7.62	$22,375
Oct 2006	189	1,683	54.90	6.01	$20,497
Sep 2006	193	3,532	60.08	5.04	$29,387
Aug 2006	0	1,304	68.71	7.34	$9,571
Jul 2006	370	318	69.37	6.34	$27,684
Jun 2006	0	1,569	66.28	6.38	$10,016
May 2006	0	1,285	66.01	6.42	$8,256
Apr 2006	0	1,989	64.39	7.36	$14,640
Mar 2006	0	393	56.70	7.08	$2,784
Feb 2006	0	411	57.59	7.75	$3,186
Jan 2006	177	603	60.59	8.93	$16,111
Dec 2005	0	909	54.94	13.42	$12,195
Nov 2005	0	403	54.69	10.59	$4,267
Oct 2005	0	39	58.34	13.80	$538
Sep 2005	175	157	61.45	12.08	$12,650
Aug 2005	0	97	61.51	9.80	$950
Jul 2005	0	232	55.69	7.84	$1,820
Jun 2005	0	0	52.33	7.38	$0
May 2005	177	23	45.22	6.65	$8,157
Apr 2005	0	219	49.20	7.36	$1,612
Mar 2005	0	181	50.37	7.15	$1,295
Feb 2005	0	12	45.22	6.31	$76
Jan 2005	0	4	43.16	6.32	$25
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	38	37.48	6.49	$247
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	5	32.45	5.51	$28
Jan 2004	0	15	32.03	6.30	$94
Dec 2003	0	60	30.26	6.30	$378
Nov 2003	0	7	28.80	4.60	$32
Oct 2003	0	38	28.17	4.76	$181
Sep 2003	191	102	26.31	4.75	$5,510
Aug 2003	0	298	29.76	5.13	$1,529
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	51	26.59	5.97	$305
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	178	39	25.96	3.16	$4,744
Jul 2002	0	53	24.58	3.06	$162
Jun 2002	0	280	23.73	3.34	$935
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	395	23.65	3.51	$1,387
Mar 2002	0	439	22.00	3.10	$1,362
Feb 2002	0	369	18.22	2.38	$877
Jan 2002	363	424	17.17	2.38	$7,240
Dec 2001	0	355	16.93	2.36	$839
Nov 2001	0	183	18.07	2.41	$440
Oct 2001	0	479	19.78	2.53	$1,211
Sep 2001	144	71	24.26	2.25	$3,653
Aug 2001	0	153	24.87	3.05	$467
Jul 2001	0	327	23.93	3.20	$1,045
Jun 2001	0	1,793	24.56	3.82	$6,857
May 2001	312	2,213	25.52	4.31	$17,494
Apr 2001	362	4,082	24.68	5.34	$30,713
Mar 2001	0	5,656	24.54	5.38	$30,409
Feb 2001	182	12,841	27.75	5.77	$79,106
Jan 2001	362	11,894	27.47	8.40	$109,839
Dec 2000	352	5,213	26.88	9.12	$57,017
Nov 2000	0	3,927	32.21	5.66	$22,219
Oct 2000	372	1,511	31.23	5.15	$19,392
Sep 2000	191	14,872	31.87	5.19	$83,221
Aug 2000	186	28,537	29.64	4.54	$135,092
Jul 2000	190	14,461	28.53	4.09	$64,563

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 2014 — as filed, then multipliedworked

Condensate            56 bbl  × $ 54.69 =     $3,063
Gas                   85 Mcf  × $  3.59 =       $305

────────────────────────────────────────────────────
Month total                                   $3,368

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/178719 is the state's own key, not one this site invented.