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 239706District 7CField 679985002 tax incentive programmesCondensateGasSaveExport
Value, all time
$727 k
Mar 2008 – May 2026
Value, last 12 filed months
$33 k
at the published price for each month
Months reported
219
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 Gas112008-10-20183337
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
CondensateDisposition4,419 bbl$291,717
GasProduction92,446 Mcf$435,387
Total$727,104

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 30.9498, -100.9112. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.94975, -100.91121 · 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
8,355 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 8,355 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-4133250358,355 ftMar 2008

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 (219)

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

219 months

May 20260140106.413.05$426
Apr 202618515298.932.87$18,738
Mar 2026015089.753.15$472
Feb 2026021463.503.75$803
Jan 2026014059.138.00$1,120
Dec 202501456.664.41$62
Nov 202501458.593.93$55
Oct 202501959.383.30$63
Sep 2025183762.743.08$1,243
Aug 20251423563.933.01$9,184
Jul 2025114766.743.32$554
Jun 2025118266.483.13$636
May 2025026160.553.23$844
Apr 2025029662.363.54$1,049
Mar 2025035467.704.27$1,511
Feb 2025020570.884.34$890
Jan 202502274.324.28$94
Dec 202404968.993.12$153
Nov 202402369.052.20$51
Oct 202407471.372.28$169
Sep 202409969.612.36$234
Aug 202406875.632.06$140
Jul 202407279.932.15$155
Jun 202407678.082.63$200
May 202406778.812.20$147
Apr 202405684.451.66$93
Mar 202404680.301.55$71
Feb 202404476.091.78$78
Jan 202403873.023.30$125
Dec 202305471.262.61$141
Nov 202304777.892.81$132
Oct 202306485.443.09$198
Sep 202307789.042.74$211
Aug 202309780.522.67$259
Jul 2023010174.852.64$267
Jun 202306668.962.26$149
May 202308270.622.23$183
Apr 202306678.122.24$148
Mar 202309272.852.39$220
Feb 202305475.112.47$133
Jan 202306876.533.39$230
Dec 2022010076.415.73$573
Nov 202208485.005.65$474
Oct 2022010687.185.86$622
Sep 2022011584.888.16$939
Aug 2022014694.529.13$1,333
Jul 20220161101.587.54$1,214
Jun 20220154115.097.98$1,228
May 20220160109.378.43$1,349
Apr 20220168104.226.84$1,149
Mar 20220181108.885.08$919
Feb 2022014491.054.86$700
Jan 202202981.844.54$132
Dec 20210871.323.90$31
Nov 202106277.435.24$325
Oct 2021018079.795.71$1,029
Sep 2021017869.865.35$952
Aug 2021016766.024.22$705
Jul 2021012170.783.98$482
Jun 2021015369.493.38$517
May 2021013163.483.02$395
Apr 2021012960.362.76$356
Mar 2021014361.302.72$389
Feb 2021012857.805.55$710
Jan 2021014150.412.81$396
Dec 202009144.642.68$243
Nov 2020019438.772.71$525
Oct 202008036.972.48$198
Sep 2020010137.091.99$201
Aug 2020015039.982.39$358
Jul 202017014438.371.83$6,786
Jun 2020015734.901.69$265
May 2020011716.921.81$212
Apr 2020016414.751.80$296
Mar 2020019530.341.86$362
Feb 2020024849.881.98$491
Jan 2020028257.252.09$591
Dec 2019028159.012.30$648
Nov 2019020555.302.75$564
Oct 2019034553.472.42$834
Sep 2019044755.052.66$1,188
Aug 2019034453.112.30$793
Jul 2019044256.272.46$1,087
Jun 2019032652.782.49$812
May 201915237558.482.74$9,917
Apr 2019033362.632.75$916
Mar 2019032256.803.06$986
Feb 2019029450.852.79$821
Jan 2019029346.033.23$946
Dec 201817434746.594.19$9,559
Nov 2018035252.934.24$1,492
Oct 2018234261.443.40$1,285
Sep 2018138459.543.11$1,253
Aug 2018042759.403.07$1,309
Jul 2018143965.142.93$1,352
Jun 2018042760.183.08$1,314
May 20186240265.382.90$5,220
Apr 201815439363.842.90$10,971
Mar 2018053461.222.79$1,488
Feb 2018029561.782.77$816
Jan 2018015562.874.01$621
Dec 2017018757.272.92$546
Nov 2017020355.423.12$633
Oct 2017030149.292.98$898
Sep 2017133247.523.09$1,073
Aug 201716233545.373.00$8,356
Jul 2017148843.873.09$1,550
Jun 2017049342.493.09$1,522
May 2017358545.373.26$2,045
Apr 201719367547.933.21$11,418
Mar 2017064946.772.98$1,936
Feb 201707750.452.95$227
Jan 201705549.413.42$188
Dec 201615929948.763.72$8,866
Nov 2016134742.492.64$960
Oct 2016052546.193.09$1,622
Sep 2016455641.553.10$1,890
Aug 201616559341.442.92$8,572
Jul 2016170141.622.92$2,092
Jun 2016258645.352.69$1,665
May 201617168842.521.99$8,641
Apr 2016263636.561.99$1,339
Mar 201616762333.011.79$6,630
Feb 2016044626.472.06$920
Jan 2016242527.352.36$1,060
Dec 2015250032.362.00$1,065
Nov 201515052338.792.17$6,952
Oct 2015153343.552.43$1,337
Sep 2015045542.992.76$1,255
Aug 201515855840.162.87$7,948
Jul 2015258548.152.95$1,819
Jun 2015159256.152.88$1,763
May 201515959955.212.96$10,549
Apr 2015161149.822.71$1,704
Mar 2015357142.892.93$1,804
Feb 2015053344.662.98$1,586
Jan 201516562143.433.10$9,091
Dec 2014066954.693.59$2,403
Nov 201415761270.464.25$13,664
Oct 2014063078.303.90$2,458
Sep 2014657186.164.05$2,827
Aug 201415663289.394.04$16,495
Jul 2014347096.564.18$2,254
Jun 2014048598.164.74$2,297
May 2014061994.734.73$2,926
Apr 201416362695.944.81$18,649
Mar 2014349095.895.06$2,766
Feb 2014653697.406.19$3,903
Jan 2014262790.404.86$3,228
Dec 2013062791.824.35$2,730
Nov 201315961388.853.74$16,419
Oct 2013069897.423.78$2,638
Sep 20130398104.113.72$1,480
Aug 2013143624104.253.52$17,106
Jul 20130637102.523.72$2,368
Jun 201315869094.403.93$17,629
May 2013055094.834.15$2,282
Apr 201316370793.964.28$18,343
Mar 2013043493.623.91$1,698
Feb 2013064091.233.42$2,189
Jan 201316773091.603.42$17,794
Dec 2012083186.773.42$2,842
Nov 201215683486.953.62$16,587
Oct 2012065889.383.40$2,237
Sep 2012954294.672.92$2,434
Aug 2012729492.662.91$1,504
Jul 201205485.133.02$163
Jun 201206879.822.52$171
May 201209491.612.49$234
Apr 20120125101.652.00$250
Mar 20120166105.052.22$369
Feb 20120258101.102.57$663
Jan 2012047298.092.73$1,290
Dec 2011065396.873.24$2,116
Nov 201116165795.723.31$17,586
Oct 2011092984.983.65$3,389
Sep 2011286383.623.99$3,607
Aug 2011079683.404.15$3,303
Jul 2011091394.144.52$4,124
Jun 2011491392.904.64$4,608
May 2011392798.134.40$4,378
Apr 20115977105.964.33$4,763
Mar 201101,19896.364.06$4,861
Feb 201101,03785.644.18$4,335
Jan 201151,16286.504.59$5,765
Dec 201001,02385.734.35$4,448
Nov 2010391580.843.80$3,715
Oct 201001,04178.103.51$3,653
Sep 201041,02572.633.98$4,369
Aug 201031,08073.684.42$4,994
Jul 201051,26672.554.74$6,359
Jun 201001,39670.364.91$6,855
May 2010101,63271.124.24$7,623
Apr 2010496681.694.12$4,309
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090271.445.48$11
Nov 20090374.593.75$11
Oct 200903072.544.11$123
Sep 200907465.543.06$227
Aug 2009018167.423.22$583
Jul 2009041761.133.46$1,445
Jun 2009092466.163.90$3,599
May 20091397254.743.93$4,527
Apr 200904646.773.59$165
Mar 2009037542.144.06$1,522
Feb 2009025432.814.63$1,177
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20080105101.767.88$827
Aug 2008034114.228.48$288
Jul 20080691131.0811.39$7,870
Jun 200801,973131.3313.03$25,713
May 200802,644123.1711.57$30,602
Apr 200804,191110.3110.45$43,816
Mar 200804,486101.909.66$43,353

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                  140 Mcf  × $  3.05 =       $426

────────────────────────────────────────────────────
Month total                                     $426

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/239706 is the state's own key, not one this site invented.