UNIVERSITY 54-24

Operated by UPP OPERATING, LLC (P-5 875310) in the OZONA, NE. (CANYON 7520) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 228101District 7CField 679985002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.3 M
May 2007 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
229
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 592 leases and 641 wells, and the rule below applies to all of them.

Discovered
1966-01-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2013-10-22.

The Commission's schedule remark for this field reads: PER DOCKET 01-0299858, THIS FIELD HAS BEEN DESIGNATED AS A UFT

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 Gas112007-08-14175234
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
CondensateDisposition1 bbl$43
GasProduction238,833 Mcf$1,312,924
Total$1,312,966

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 30.9540, -100.9142. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.95397, -100.91423 · 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
8,225 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 8,225 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-4133245028,225 ftMay 2007

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 (229)

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

229 months

May 20260242106.413.05$737
Apr 2026020798.932.87$594
Mar 2026014589.753.15$457
Feb 2026018063.503.75$675
Jan 2026020359.138.00$1,624
Dec 2025021956.664.41$967
Nov 2025023358.593.93$915
Oct 2025025059.383.30$826
Sep 2025020662.743.08$634
Aug 2025022163.933.01$666
Jul 2025034766.743.32$1,150
Jun 2025026466.483.13$826
May 2025033160.553.23$1,070
Apr 2025032362.363.54$1,144
Mar 2025034867.704.27$1,485
Feb 2025027970.884.34$1,211
Jan 2025036574.324.28$1,562
Dec 2024040468.993.12$1,261
Nov 2024046769.052.20$1,027
Oct 2024048171.372.28$1,097
Sep 2024041369.612.36$976
Aug 2024041775.632.06$861
Jul 2024037779.932.15$809
Jun 2024046478.082.63$1,222
May 2024015878.812.20$347
Apr 2024011984.451.66$197
Mar 2024017080.301.55$263
Feb 2024016276.091.78$289
Jan 2024017973.023.30$590
Dec 2023026071.262.61$679
Nov 2023020677.892.81$578
Oct 2023021185.443.09$651
Sep 2023015489.042.74$421
Aug 2023018980.522.67$505
Jul 2023020474.852.64$539
Jun 2023015468.962.26$348
May 2023024070.622.23$535
Apr 2023014378.122.24$320
Mar 2023014772.852.39$352
Feb 2023015475.112.47$380
Jan 2023019876.533.39$671
Dec 2022021476.415.73$1,226
Nov 2022018185.005.65$1,022
Oct 2022026287.185.86$1,536
Sep 2022017984.888.16$1,461
Aug 2022018994.529.13$1,725
Jul 20220190101.587.54$1,433
Jun 20220208115.097.98$1,659
May 20220238109.378.43$2,007
Apr 20220190104.226.84$1,299
Mar 20220246108.885.08$1,249
Feb 2022024891.054.86$1,205
Jan 2022036581.844.54$1,656
Dec 2021039171.323.90$1,525
Nov 2021031877.435.24$1,665
Oct 2021037079.795.71$2,114
Sep 2021037269.865.35$1,991
Aug 2021036766.024.22$1,549
Jul 2021021970.783.98$872
Jun 2021029469.493.38$994
May 2021023963.483.02$721
Apr 2021024960.362.76$687
Mar 2021030361.302.72$823
Feb 2021029457.805.55$1,631
Jan 2021037050.412.81$1,040
Dec 2020021144.642.68$565
Nov 2020044738.772.71$1,210
Oct 2020018936.972.48$468
Sep 2020019437.091.99$386
Aug 2020027739.982.39$661
Jul 2020024538.371.83$447
Jun 2020021034.901.69$355
May 2020035216.921.81$639
Apr 2020031714.751.80$572
Mar 2020034730.341.86$644
Feb 2020037249.881.98$737
Jan 2020042057.252.09$880
Dec 2019041459.012.30$954
Nov 2019030555.302.75$839
Oct 2019053853.472.42$1,301
Sep 2019060855.052.66$1,616
Aug 2019053553.112.30$1,233
Jul 2019050356.272.46$1,237
Jun 2019034252.782.49$852
May 2019042258.482.74$1,156
Apr 2019042662.632.75$1,172
Mar 2019040756.803.06$1,246
Feb 2019039850.852.79$1,111
Jan 2019039946.033.23$1,288
Dec 2018048246.594.19$2,017
Nov 2018043552.934.24$1,843
Oct 2018043261.443.40$1,468
Sep 2018044759.543.11$1,389
Aug 2018043959.403.07$1,346
Jul 2018043965.142.93$1,287
Jun 2018045460.183.08$1,397
May 2018041565.382.90$1,204
Apr 2018045963.842.90$1,331
Mar 2018049061.222.79$1,366
Feb 2018043161.782.77$1,192
Jan 2018047862.874.01$1,916
Dec 2017042957.272.92$1,253
Nov 2017037355.423.12$1,163
Oct 2017040949.292.98$1,220
Sep 2017031947.523.09$985
Aug 2017024745.373.00$742
Jul 2017043143.873.09$1,331
Jun 2017049842.493.09$1,537
May 2017050345.373.26$1,641
Apr 2017052447.933.21$1,683
Mar 2017065146.772.98$1,942
Feb 2017059350.452.95$1,751
Jan 2017061249.413.42$2,092
Dec 2016062948.763.72$2,342
Nov 2016057142.492.64$1,510
Oct 2016065146.193.09$2,012
Sep 2016064041.553.10$1,984
Aug 2016066641.442.92$1,948
Jul 2016063941.622.92$1,869
Jun 2016063845.352.69$1,714
May 2016170642.521.99$1,448
Apr 2016070136.561.99$1,396
Mar 2016073333.011.79$1,315
Feb 2016062326.472.06$1,286
Jan 2016060927.352.36$1,440
Dec 2015063932.362.00$1,279
Nov 2015065138.792.17$1,411
Oct 2015065443.552.43$1,587
Sep 2015059042.992.76$1,627
Aug 2015069240.162.87$1,988
Jul 2015070548.152.95$2,076
Jun 2015066856.152.88$1,926
May 2015072455.212.96$2,140
Apr 2015073149.822.71$1,979
Mar 2015079742.892.93$2,339
Feb 2015068344.662.98$2,033
Jan 2015072943.433.10$2,260
Dec 2014088454.693.59$3,175
Nov 2014075870.464.25$3,223
Oct 201401,03678.303.90$4,041
Sep 2014057586.164.05$2,326
Aug 2014089289.394.04$3,599
Jul 201401,07896.564.18$4,506
Jun 2014099598.164.74$4,713
May 201401,01794.734.73$4,807
Apr 201401,38695.944.81$6,665
Mar 2014081595.895.06$4,121
Feb 201401,38097.406.19$8,545
Jan 2014020590.404.86$996
Dec 2013023991.824.35$1,041
Nov 2013030688.853.74$1,144
Oct 2013048297.423.78$1,822
Sep 20130334104.113.72$1,242
Aug 20130558104.253.52$1,966
Jul 20130625102.523.72$2,324
Jun 2013075594.403.93$2,970
May 2013041194.834.15$1,705
Apr 2013055793.964.28$2,385
Mar 2013031793.623.91$1,240
Feb 201301,00591.233.42$3,437
Jan 201301,05291.603.42$3,598
Dec 2012093886.773.42$3,208
Nov 2012092186.953.62$3,339
Oct 2012095389.383.40$3,240
Sep 2012083694.672.92$2,440
Aug 2012078692.662.91$2,286
Jul 2012087185.133.02$2,631
Jun 2012094379.822.52$2,375
May 2012097691.612.49$2,429
Apr 20120824101.652.00$1,645
Mar 20120798105.052.22$1,773
Feb 20120980101.102.57$2,519
Jan 201201,07898.092.73$2,947
Dec 201101,08996.873.24$3,528
Nov 2011086695.723.31$2,868
Oct 201101,18684.983.65$4,327
Sep 201101,11183.623.99$4,428
Aug 2011052083.404.15$2,158
Jul 201101,03394.144.52$4,666
Jun 201101,18992.904.64$5,517
May 201101,24998.134.40$5,502
Apr 201101,239105.964.33$5,369
Mar 201101,35796.364.06$5,506
Feb 201101,25285.644.18$5,233
Jan 201101,35786.504.59$6,227
Dec 201001,36385.734.35$5,926
Nov 201001,36580.843.80$5,181
Oct 201001,48478.103.51$5,207
Sep 201001,48572.633.98$5,910
Aug 201001,54273.684.42$6,815
Jul 201001,56772.554.74$7,422
Jun 201001,62270.364.91$7,965
May 201002,06471.124.24$8,741
Apr 201001,07481.694.12$4,428
Mar 201001,59878.394.39$7,013
Feb 201001,34973.585.44$7,342
Jan 201001,57874.365.96$9,411
Dec 200901,48471.445.48$8,138
Nov 200901,69574.593.75$6,359
Oct 200901,61572.544.11$6,638
Sep 200902,26165.543.06$6,929
Aug 200901,61267.423.22$5,188
Jul 200901,60961.133.46$5,574
Jun 200901,89266.163.90$7,369
May 200901,85754.743.93$7,290
Apr 200901,89446.773.59$6,795
Mar 200902,16842.144.06$8,800
Feb 200901,44632.814.63$6,699
Jan 200901,92035.865.37$10,312
Dec 200801,89837.105.98$11,345
Nov 200802,25555.496.86$15,470
Oct 200803,73175.246.92$25,826
Sep 200802,353101.767.88$18,535
Aug 200802,528114.228.48$21,445
Jul 200802,677131.0811.39$30,490
Jun 200802,654131.3313.03$34,589
May 200802,947123.1711.57$34,109
Apr 200803,828110.3110.45$40,021
Mar 200803,911101.909.66$37,796
Feb 200804,44392.538.77$38,968
Jan 200805,82790.388.21$47,815
Dec 200707,29288.337.30$53,246
Nov 200705,07891.677.29$37,027
Oct 200706,53982.856.92$45,263
Sep 200706,19475.846.24$38,676
Aug 200707,59069.066.39$48,484
Jul 200708,72870.906.39$55,754
Jun 2007010,15662.007.55$76,662
May 2007013,77958.747.85$108,114

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                  242 Mcf  × $  3.05 =       $737

────────────────────────────────────────────────────
Month total                                     $737

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/228101 is the state's own key, not one this site invented.