UNIVERSITY "29"

Name: UNIVERSITY "29" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HENRY PETROLEUM LP (P-5 378642) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10074District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$310 k

Jan 1993 – Sep 2003

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

129

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered

1904-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: “AREA) 85279200.”

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
NGPA	2	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
Oil	Disposition	12,484 bbl	$219,916
Casinghead gas	Production	54,778 Mcf	$89,928
Total			$309,844

24,561 Mcf of this lease's gas, across 48 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 (2)

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 31.2857, -101.7492. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.28567, -101.74920 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

8,143 ft

2 wells filed one

Completion to plug

18.0 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 8,135 and 8,150 ft, median 8,143 ft, over the 2 wells that filed a depth.

Completions filed

Apr 1983 – May 1983

2 of 2 wells

Plug dates filed

Dec 1998 – Aug 2003

2 of 2 wells

Last completion to plug: a median of 18.0 years across the 2 wells that filed both dates, with the middle half between 16.8 years and 19.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-38332447	1 Y	8,135 ft	May 1983	Dec 1998	Yes
42-38332453	2 Y	8,150 ft	Apr 1983	Aug 2003	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 (129)

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

129 months


Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	40	0	29.41	5.17	$1,176
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	111	0	26.67	5.41	$2,960
Mar 2003	0	172	31.14	6.10	$1,049
Feb 2003	0	202	33.48	7.93	$1,601
Jan 2003	0	102	30.31	5.58	$569
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	92	27.44	3.64	$334
Aug 2002	0	384	25.96	3.16	$1,215
Jul 2002	196	338	24.58	3.06	$5,853
Jun 2002	0	401	23.73	3.34	$1,339
May 2002	0	368	24.66	3.58	$1,319
Apr 2002	0	380	23.65	3.51	$1,335
Mar 2002	0	335	22.00	3.10	$1,039
Feb 2002	0	345	18.22	2.38	$820
Jan 2002	193	362	17.17	2.38	$4,174
Dec 2001	0	358	16.93	2.36	$846
Nov 2001	0	341	18.07	2.41	$820
Oct 2001	0	376	19.78	2.53	$951
Sep 2001	0	363	24.26	2.25	$817
Aug 2001	183	393	24.87	3.05	$5,751
Jul 2001	0	427	23.93	3.20	$1,365
Jun 2001	0	401	24.56	3.82	$1,533
May 2001	174	416	25.52	4.31	$6,232
Apr 2001	0	385	24.68	5.34	$2,054
Mar 2001	0	362	24.54	5.38	$1,946
Feb 2001	0	304	27.75	5.77	$1,753
Jan 2001	0	187	27.47	8.40	$1,571
Dec 2000	169	328	26.88	9.12	$7,535
Nov 2000	0	351	32.21	5.66	$1,986
Oct 2000	0	303	31.23	5.15	$1,559
Sep 2000	0	292	31.87	5.19	$1,514
Aug 2000	172	282	29.64	4.54	$6,379
Jul 2000	0	270	28.53	4.09	$1,104
Jun 2000	0	213	29.30	4.40	$937
May 2000	0	424	27.26	3.68	$1,560
Apr 2000	170	450	24.51	3.12	$5,569
Mar 2000	0	430	28.42	2.86	$1,230
Feb 2000	172	392	27.62	2.73	$5,819
Jan 2000	0	413	25.27	2.48	$1,024
Dec 1999	0	381	24.28	2.42	$923
Nov 1999	172	423	23.19	2.43	$5,018
Oct 1999	0	412	20.98	2.80	$1,155
Sep 1999	0	336	21.75	2.62	$880
Aug 1999	0	417	19.26	2.88	$1,199
Jul 1999	181	467	17.89	2.37	$4,346
Jun 1999	0	429	15.94	2.36	$1,013
May 1999	0	470	15.79	2.32	$1,091
Apr 1999	169	456	15.10	2.21	$3,559
Mar 1999	0	444	12.47	1.84	$816
Feb 1999	169	382	9.98	1.82	$2,381
Jan 1999	0	430	10.38	1.90	$817
Dec 1998	167	444	9.20	1.77	$2,324
Nov 1998	0	473	10.89	2.19	$1,034
Oct 1998	517	496	12.42	1.97	$7,398
Sep 1998	0	514	12.59	2.08	$1,070
Aug 1998	0	564	11.30	1.91	$1,076
Jul 1998	0	524	11.74	2.24	$1,172
Jun 1998	0	588	11.24	2.24	$1,316
May 1998	0	632	12.62	2.21	$1,394
Apr 1998	0	583	13.04	2.51	$1,461
Mar 1998	178	588	12.80	2.31	$3,636
Feb 1998	0	488	13.95	2.30	$1,122
Jan 1998	171	532	14.70	2.15	$3,660
Dec 1997	172	560	16.32	2.41	$4,157
Nov 1997	0	564	18.19	3.09	$1,742
Oct 1997	168	586	19.25	3.15	$5,080
Sep 1997	0	565	17.74	2.95	$1,670
Aug 1997	173	605	17.86	2.55	$4,635
Jul 1997	181	570	17.58	2.25	$4,463
Jun 1997	0	581	17.24	2.26	$1,311
May 1997	165	615	18.97	2.31	$4,550
Apr 1997	172	567	17.88	2.08	$4,256
Mar 1997	169	542	18.95	1.94	$4,254
Feb 1997	0	483	20.49	2.21	$1,065
Jan 1997	169	564	23.48	3.54	$5,965
Dec 1996	0	573	23.32	—	$0
Nov 1996	154	564	21.97	—	$3,383
Oct 1996	187	598	23.31	—	$4,359
Sep 1996	0	552	22.22	—	$0
Aug 1996	128	581	20.26	—	$2,593
Jul 1996	183	570	19.55	—	$3,578
Jun 1996	172	548	18.73	—	$3,222
May 1996	0	452	19.43	—	$0
Apr 1996	144	537	21.51	—	$3,097
Mar 1996	151	491	19.38	—	$2,926
Feb 1996	158	391	16.98	—	$2,683
Jan 1996	160	530	17.07	—	$2,731
Dec 1995	180	626	17.19	—	$3,094
Nov 1995	160	647	16.00	—	$2,560
Oct 1995	170	533	15.43	—	$2,623
Sep 1995	173	525	16.18	—	$2,799
Aug 1995	172	557	15.92	—	$2,738
Jul 1995	170	526	15.24	—	$2,591
Jun 1995	0	560	16.41	—	$0
May 1995	170	593	17.56	—	$2,985
Apr 1995	169	544	17.73	—	$2,996
Mar 1995	172	543	16.44	—	$2,828
Feb 1995	174	530	16.58	—	$2,885
Jan 1995	166	401	15.92	—	$2,643
Dec 1994	172	501	15.03	—	$2,585
Nov 1994	164	512	15.90	—	$2,608
Oct 1994	174	279	15.58	—	$2,711
Sep 1994	164	259	15.29	—	$2,508
Aug 1994	169	522	16.13	—	$2,726
Jul 1994	269	553	17.56	—	$4,724
Jun 1994	169	354	17.09	—	$2,888
May 1994	171	554	15.88	—	$2,715
Apr 1994	170	480	14.14	—	$2,404
Mar 1994	174	498	12.46	—	$2,168
Feb 1994	172	289	12.50	—	$2,150
Jan 1994	162	479	12.66	—	$2,051
Dec 1993	177	486	12.33	—	$2,182
Nov 1993	177	525	14.49	—	$2,565
Oct 1993	170	523	15.85	—	$2,695
Sep 1993	363	455	15.03	—	$5,456
Aug 1993	184	476	15.66	—	$2,881
Jul 1993	0	649	15.46	—	$0
Jun 1993	181	590	16.79	—	$3,039
May 1993	188	609	17.68	—	$3,324
Apr 1993	180	450	18.05	—	$3,249
Mar 1993	186	576	18.14	—	$3,374
Feb 1993	373	517	17.90	—	$6,677
Jan 1993	189	453	16.93	—	$3,200

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.

Jul 2003 — as filed, then multipliedworked

Oil                   40 bbl  × $ 29.41 =     $1,176
Casinghead gas         0 Mcf  × $  5.17 =         $0

────────────────────────────────────────────────────
Month total                                   $1,176

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/O/10074 is the state's own key, not one this site invented.