UNIVERSITY 32-12E

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 207433District 7CField 679952002 tax incentive programmesCondensateGasSaveExport
Value, all time
$873 k
Oct 2004 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
260
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 Gas112005-06-10161822
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
CondensateDisposition2,298 bbl$139,240
GasProduction134,242 Mcf$734,237
Total$873,477

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 30.6644, -101.4009. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.66442, -101.40092 · 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
9,087 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 9,087 ft.

Completions filed
Oct 2004
1 of 1 wells

1 well

42-1053936239,087 ftOct 2004

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 (260)

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

260 months

May 20261297106.413.05$1,011
Apr 20260798.932.87$20
Mar 202625989.753.15$365
Feb 2026417263.503.75$899
Jan 2026114959.138.00$1,251
Dec 2025314456.664.41$806
Nov 2025217758.593.93$812
Oct 2025311359.383.30$552
Sep 2025216162.743.08$621
Aug 2025212463.933.01$502
Jul 2025414866.743.32$758
Jun 2025115266.483.13$542
May 2025416160.553.23$763
Apr 2025314162.363.54$687
Mar 2025515267.704.27$987
Feb 2025314670.884.34$846
Jan 2025619774.324.28$1,289
Dec 2024816668.993.12$1,070
Nov 2024616669.052.20$779
Oct 2024917671.372.28$1,044
Sep 2024622669.612.36$952
Aug 2024614575.632.06$753
Jul 2024619379.932.15$894
Jun 2024923378.082.63$1,316
May 2024623378.812.20$985
Apr 2024917584.451.66$1,050
Mar 20241220080.301.55$1,273
Feb 2024920076.091.78$1,042
Jan 20241221873.023.30$1,595
Dec 20231121971.262.61$1,356
Nov 20231121777.892.81$1,466
Oct 2023523685.443.09$1,156
Sep 2023822689.042.74$1,330
Aug 2023521680.522.67$980
Jul 2023524374.852.64$1,016
Jun 2023522668.962.26$855
May 20231223170.622.23$1,362
Apr 20232325078.122.24$2,356
Mar 20231724472.852.39$1,822
Feb 20231820575.112.47$1,857
Jan 20232418776.533.39$2,470
Dec 20221421276.415.73$2,284
Nov 2022921885.005.65$1,996
Oct 20221425987.185.86$2,739
Sep 2022920984.888.16$2,470
Aug 20221423994.529.13$3,505
Jul 20229212101.587.54$2,513
Jun 202213203115.097.98$3,116
May 20223237109.378.43$2,327
Apr 20226244104.226.84$2,294
Mar 20226253108.885.08$1,938
Feb 20221023091.054.86$2,028
Jan 2022626281.844.54$1,680
Dec 2021524571.323.90$1,312
Nov 2021824777.435.24$1,913
Oct 2021524479.795.71$1,793
Sep 2021524369.865.35$1,650
Aug 2021324966.024.22$1,249
Jul 2021628970.783.98$1,576
Jun 2021327469.493.38$1,135
May 2021329063.483.02$1,066
Apr 20211027360.362.76$1,357
Mar 2021327861.302.72$939
Feb 2021224957.805.55$1,497
Jan 2021428450.412.81$1,000
Dec 2020331244.642.68$969
Nov 2020429138.772.71$943
Oct 2020228536.972.48$780
Sep 2020328637.091.99$681
Aug 2020329939.982.39$833
Jul 2020127138.371.83$533
Jun 2020228134.901.69$545
May 2020238316.921.81$729
Apr 202018814.751.80$174
Mar 2020422630.341.86$541
Feb 2020327549.881.98$694
Jan 2020529157.252.09$896
Dec 2019429859.012.30$923
Nov 2019534955.302.75$1,236
Oct 2019333753.472.42$975
Sep 2019132555.052.66$919
Aug 2019340253.112.30$1,086
Jul 2019016656.272.46$408
Jun 2019011052.782.49$274
May 2019128358.482.74$834
Apr 2019213762.632.75$502
Mar 2019435556.803.06$1,314
Feb 2019233050.852.79$1,023
Jan 2019434246.033.23$1,288
Dec 2018436946.594.19$1,731
Nov 2018426352.934.24$1,326
Oct 2018434661.443.40$1,422
Sep 2018334259.543.11$1,242
Aug 2018337259.403.07$1,319
Jul 2018336265.142.93$1,257
Jun 2018333460.183.08$1,208
May 2018336265.382.90$1,246
Apr 2018434763.842.90$1,262
Mar 2018536561.222.79$1,323
Feb 2018432961.782.77$1,157
Jan 2018438962.874.01$1,811
Dec 2017537057.272.92$1,367
Nov 2017335455.423.12$1,270
Oct 2017336849.292.98$1,246
Sep 2017235547.523.09$1,191
Aug 2017436445.373.00$1,275
Jul 2017137943.873.09$1,214
Jun 2017336242.493.09$1,245
May 2017436645.373.26$1,376
Apr 2017433647.933.21$1,271
Mar 2017439846.772.98$1,375
Feb 2017332050.452.95$1,096
Jan 2017537549.413.42$1,529
Dec 2016431748.763.72$1,375
Nov 2016432742.492.64$1,035
Oct 2016439046.193.09$1,390
Sep 2016342441.553.10$1,439
Aug 2016537941.442.92$1,316
Jul 2016634841.622.92$1,267
Jun 2016838045.352.69$1,383
May 2016738042.521.99$1,054
Apr 2016641436.561.99$1,044
Mar 2016941833.011.79$1,047
Feb 2016841626.472.06$1,070
Jan 2016643527.352.36$1,193
Dec 2015745332.362.00$1,133
Nov 2015644838.792.17$1,204
Oct 2015647043.552.43$1,402
Sep 2015844142.992.76$1,560
Aug 2015544540.162.87$1,479
Jul 2015948548.152.95$1,862
Jun 20152645856.152.88$2,780
May 20152643255.212.96$2,712
Apr 20151943149.822.71$2,113
Mar 20153743342.892.93$2,858
Feb 20151841344.662.98$2,033
Jan 20152147543.433.10$2,385
Dec 2014046154.693.59$1,656
Nov 2014046370.464.25$1,969
Oct 2014040878.303.90$1,592
Sep 2014037486.164.05$1,513
Aug 2014045089.394.04$1,816
Jul 2014042196.564.18$1,760
Jun 2014040498.164.74$1,914
May 2014036594.734.73$1,725
Apr 2014038295.944.81$1,837
Mar 2014042795.895.06$2,159
Feb 2014041697.406.19$2,576
Jan 2014944790.404.86$2,986
Dec 20131742391.824.35$3,403
Nov 20131143688.853.74$2,607
Oct 20131147497.423.78$2,863
Sep 20138430104.113.72$2,432
Aug 20138484104.253.52$2,539
Jul 20131410102.523.72$1,627
Jun 2013047594.403.93$1,868
May 2013045494.834.15$1,884
Apr 2013045793.964.28$1,957
Mar 2013045493.623.91$1,776
Feb 2013042091.233.42$1,436
Jan 2013046191.603.42$1,577
Dec 2012047686.773.42$1,628
Nov 2012045686.953.62$1,653
Oct 2012048189.383.40$1,635
Sep 2012046994.672.92$1,369
Aug 2012045892.662.91$1,332
Jul 2012948785.133.02$2,237
Jun 20121548279.822.52$2,411
May 20121549291.612.49$2,598
Apr 201219488101.652.00$2,906
Mar 201210502105.052.22$2,166
Feb 201210494101.102.57$2,281
Jan 2012750698.092.73$2,070
Dec 2011052096.873.24$1,685
Nov 2011051095.723.31$1,689
Oct 2011054484.983.65$1,985
Sep 2011028983.623.99$1,152
Aug 2011040983.404.15$1,697
Jul 2011045794.144.52$2,064
Jun 2011040992.904.64$1,898
May 2011044498.134.40$1,956
Apr 20110459105.964.33$1,989
Mar 2011042396.364.06$1,716
Feb 2011029185.644.18$1,216
Jan 20112135786.504.59$3,455
Dec 20103436785.734.35$4,510
Nov 20103543380.843.80$4,473
Oct 20102254678.103.51$3,634
Sep 20103652572.633.98$4,704
Aug 20102254273.684.42$4,016
Jul 20101551972.554.74$3,546
Jun 20101555670.364.91$3,786
May 20101057471.124.24$3,142
Apr 20102249181.694.12$3,821
Mar 2010555678.394.39$2,832
Feb 20102052973.585.44$4,351
Jan 20104963174.365.96$7,407
Dec 20092966071.445.48$5,691
Nov 20094466974.593.75$5,792
Oct 2009073072.544.11$3,000
Sep 2009070865.543.06$2,170
Aug 2009063267.423.22$2,034
Jul 2009072961.133.46$2,526
Jun 2009084866.163.90$3,303
May 2009092954.743.93$3,647
Apr 2009075446.773.59$2,705
Mar 2009074842.144.06$3,036
Feb 2009055232.814.63$2,557
Jan 2009062135.865.37$3,335
Dec 2008060437.105.98$3,610
Nov 2008071855.496.86$4,926
Oct 2008078075.246.92$5,399
Sep 20080738101.767.88$5,813
Aug 20080635114.228.48$5,387
Jul 20080774131.0811.39$8,815
Jun 20080757131.3313.03$9,866
May 20080803123.1711.57$9,294
Apr 20080763110.3110.45$7,977
Mar 20080780101.909.66$7,538
Feb 2008077192.538.77$6,762
Jan 2008079790.388.21$6,540
Dec 2007081388.337.30$5,937
Nov 2007087691.677.29$6,388
Oct 2007095482.856.92$6,604
Sep 2007090075.846.24$5,620
Aug 2007098169.066.39$6,267
Jul 2007099570.906.39$6,356
Jun 2007097862.007.55$7,382
May 2007089958.747.85$7,054
Apr 2007070859.617.81$5,526
Mar 2007074156.927.30$5,411
Feb 2007070555.108.22$5,792
Jan 2007092850.306.73$6,243
Dec 200601,02156.656.92$7,064
Nov 200601,06254.207.62$8,090
Oct 200601,12954.906.01$6,790
Sep 200601,15560.085.04$5,818
Aug 200601,21368.717.34$8,903
Jul 200601,20669.376.34$7,649
Jun 200601,19766.286.38$7,642
May 200671,28766.016.42$8,731
Apr 200601,27164.397.36$9,355
Mar 200601,37656.707.08$9,746
Feb 200601,33157.597.75$10,317
Jan 2006121,23960.598.93$11,795
Dec 200501,12754.9413.42$15,119
Nov 200501,43454.6910.59$15,184
Oct 2005201,52158.3413.80$22,150
Sep 2005111,53061.4512.08$19,157
Aug 2005121,67861.519.80$17,177
Jul 2005241,80855.697.84$15,518
Jun 200571,71052.337.38$12,988
May 2005251,84045.226.65$13,369
Apr 2005381,86049.207.36$15,560
Mar 2005242,13150.377.15$16,456
Feb 20053371,97945.226.31$27,730
Jan 20051921,73143.166.32$19,230
Dec 20041971,69139.866.75$19,269
Nov 200401,85645.286.33$11,749
Oct 200401,57849.706.52$10,281

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             1 bbl  × $106.41 =       $106
Gas                  297 Mcf  × $  3.05 =       $905

────────────────────────────────────────────────────
Month total                                   $1,011

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/207433 is the state's own key, not one this site invented.