UNIVERSITY 10/BLK. 12

Name: UNIVERSITY 10/BLK. 12 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PALO PETROLEUM, INC. (P-5 637400) 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 10682District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$220 k

Jan 1993 – Jun 2005

Value, last 12 filed months

$11 k

at the published price for each month

Months reported

150

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	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
Oil	Disposition	8,940 bbl	$182,972
Casinghead gas	Production	19,382 Mcf	$37,444
Total			$220,417

8,722 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 (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 31.1104, -101.5041. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.11039, -101.50408 · 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

7,100 ft

1 wells filed one

Completion to plug

21.1 years

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 7,100 ft.

Completions filed

Mar 1984

1 of 1 wells

Plug dates filed

Apr 2005

1 of 1 wells

Last completion to plug: a median of 21.1 years across the 1 well that filed both dates, with the middle half between 21.1 years and 21.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38332709	1	7,100 ft	Mar 1984	Apr 2005	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 (150)

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

150 months


Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	28	0	50.37	7.15	$1,410
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	37	39.86	6.75	$250
Nov 2004	90	32	45.28	6.33	$4,278
Oct 2004	0	51	49.70	6.52	$332
Sep 2004	0	76	43.24	5.28	$402
Aug 2004	85	82	42.37	5.55	$4,057
Jul 2004	0	78	38.28	6.08	$475
Jun 2004	84	91	36.10	6.43	$3,618
May 2004	0	83	37.48	6.49	$539
Apr 2004	88	74	34.47	5.86	$3,467
Mar 2004	88	91	34.36	5.53	$3,527
Feb 2004	0	74	32.45	5.51	$408
Jan 2004	85	69	32.03	6.30	$3,157
Dec 2003	0	69	30.26	6.30	$435
Nov 2003	88	77	28.80	4.60	$2,888
Oct 2003	0	93	28.17	4.76	$443
Sep 2003	88	86	26.31	4.75	$2,724
Aug 2003	0	99	29.76	5.13	$508
Jul 2003	88	51	29.41	5.17	$2,852
Jun 2003	0	91	28.56	5.98	$544
May 2003	88	115	26.59	5.97	$3,027
Apr 2003	0	103	26.67	5.41	$557
Mar 2003	87	99	31.14	6.10	$3,313
Feb 2003	0	81	33.48	7.93	$642
Jan 2003	87	79	30.31	5.58	$3,078
Dec 2002	86	109	26.91	4.85	$2,843
Nov 2002	0	52	24.66	4.14	$215
Oct 2002	88	37	26.46	4.23	$2,485
Sep 2002	0	112	27.44	3.64	$407
Aug 2002	87	105	25.96	3.16	$2,591
Jul 2002	0	66	24.58	3.06	$202
Jun 2002	87	126	23.73	3.34	$2,485
May 2002	86	129	24.66	3.58	$2,583
Apr 2002	0	110	23.65	3.51	$386
Mar 2002	88	92	22.00	3.10	$2,221
Feb 2002	0	104	18.22	2.38	$247
Jan 2002	89	135	17.17	2.38	$1,849
Dec 2001	0	142	16.93	2.36	$336
Nov 2001	92	111	18.07	2.41	$1,929
Oct 2001	84	149	19.78	2.53	$2,038
Sep 2001	0	139	24.26	2.25	$313
Aug 2001	87	137	24.87	3.05	$2,582
Jul 2001	0	149	23.93	3.20	$476
Jun 2001	89	123	24.56	3.82	$2,656
May 2001	89	123	25.52	4.31	$2,801
Apr 2001	0	122	24.68	5.34	$651
Mar 2001	89	133	24.54	5.38	$2,899
Feb 2001	0	102	27.75	5.77	$588
Jan 2001	85	88	27.47	8.40	$3,074
Dec 2000	89	106	26.88	9.12	$3,359
Nov 2000	0	93	32.21	5.66	$526
Oct 2000	88	97	31.23	5.15	$3,247
Sep 2000	87	113	31.87	5.19	$3,359
Aug 2000	0	119	29.64	4.54	$540
Jul 2000	87	104	28.53	4.09	$2,907
Jun 2000	0	99	29.30	4.40	$435
May 2000	79	75	27.26	3.68	$2,430
Apr 2000	78	66	24.51	3.12	$2,117
Mar 2000	0	58	28.42	2.86	$166
Feb 2000	80	51	27.62	2.73	$2,349
Jan 2000	81	63	25.27	2.48	$2,203
Dec 1999	0	96	24.28	2.42	$233
Nov 1999	103	33	23.19	2.43	$2,469
Oct 1999	102	16	20.98	2.80	$2,185
Sep 1999	0	48	21.75	2.62	$126
Aug 1999	105	95	19.26	2.88	$2,295
Jul 1999	107	165	17.89	2.37	$2,306
Jun 1999	0	163	15.94	2.36	$385
May 1999	88	142	15.79	2.32	$1,719
Apr 1999	84	134	15.10	2.21	$1,564
Mar 1999	0	165	12.47	1.84	$303
Feb 1999	84	111	9.98	1.82	$1,040
Jan 1999	91	139	10.38	1.90	$1,209
Dec 1998	0	165	9.20	1.77	$293
Nov 1998	83	163	10.89	2.19	$1,260
Oct 1998	92	163	12.42	1.97	$1,464
Sep 1998	0	204	12.59	2.08	$425
Aug 1998	90	113	11.30	1.91	$1,233
Jul 1998	90	28	11.74	2.24	$1,119
Jun 1998	85	28	11.24	2.24	$1,018
May 1998	0	122	12.62	2.21	$269
Apr 1998	83	157	13.04	2.51	$1,476
Mar 1998	84	214	12.80	2.31	$1,569
Feb 1998	0	149	13.95	2.30	$343
Jan 1998	78	130	14.70	2.15	$1,427
Dec 1997	85	152	16.32	2.41	$1,754
Nov 1997	84	127	18.19	3.09	$1,920
Oct 1997	83	177	19.25	3.15	$2,155
Sep 1997	0	171	17.74	2.95	$505
Aug 1997	67	200	17.86	2.55	$1,708
Jul 1997	74	167	17.58	2.25	$1,676
Jun 1997	69	159	17.24	2.26	$1,548
May 1997	82	173	18.97	2.31	$1,955
Apr 1997	81	214	17.88	2.08	$1,894
Mar 1997	84	205	18.95	1.94	$1,989
Feb 1997	0	170	20.49	2.21	$375
Jan 1997	83	182	23.48	3.54	$2,593
Dec 1996	73	151	23.32	—	$1,702
Nov 1996	84	176	21.97	—	$1,845
Oct 1996	80	194	23.31	—	$1,865
Sep 1996	84	157	22.22	—	$1,866
Aug 1996	0	87	20.26	—	$0
Jul 1996	71	127	19.55	—	$1,388
Jun 1996	71	193	18.73	—	$1,330
May 1996	71	212	19.43	—	$1,380
Apr 1996	69	137	21.51	—	$1,484
Mar 1996	78	177	19.38	—	$1,512
Feb 1996	79	155	16.98	—	$1,341
Jan 1996	82	191	17.07	—	$1,400
Dec 1995	83	206	17.19	—	$1,427
Nov 1995	83	216	16.00	—	$1,328
Oct 1995	85	197	15.43	—	$1,312
Sep 1995	77	191	16.18	—	$1,246
Aug 1995	80	192	15.92	—	$1,274
Jul 1995	0	203	15.24	—	$0
Jun 1995	81	190	16.41	—	$1,329
May 1995	78	166	17.56	—	$1,370
Apr 1995	74	188	17.73	—	$1,312
Mar 1995	130	175	16.44	—	$2,137
Feb 1995	45	140	16.58	—	$746
Jan 1995	83	147	15.92	—	$1,321
Dec 1994	84	180	15.03	—	$1,263
Nov 1994	85	196	15.90	—	$1,352
Oct 1994	81	167	15.58	—	$1,262
Sep 1994	82	192	15.29	—	$1,254
Aug 1994	83	268	16.13	—	$1,339
Jul 1994	79	146	17.56	—	$1,387
Jun 1994	78	154	17.09	—	$1,333
May 1994	83	173	15.88	—	$1,318
Apr 1994	132	215	14.14	—	$1,866
Mar 1994	0	197	12.46	—	$0
Feb 1994	86	173	12.50	—	$1,075
Jan 1994	86	176	12.66	—	$1,089
Dec 1993	81	196	12.33	—	$999
Nov 1993	83	191	14.49	—	$1,203
Oct 1993	85	239	15.85	—	$1,347
Sep 1993	85	220	15.03	—	$1,278
Aug 1993	81	224	15.66	—	$1,268
Jul 1993	81	198	15.46	—	$1,252
Jun 1993	88	92	16.79	—	$1,478
May 1993	88	233	17.68	—	$1,556
Apr 1993	89	188	18.05	—	$1,606
Mar 1993	89	184	18.14	—	$1,614
Feb 1993	90	167	17.90	—	$1,611
Jan 1993	90	185	16.93	—	$1,524

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.

Mar 2005 — as filed, then multipliedworked

Oil                   28 bbl  × $ 50.37 =     $1,410
Casinghead gas         0 Mcf  × $  7.15 =         $0

────────────────────────────────────────────────────
Month total                                   $1,410

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/10682 is the state's own key, not one this site invented.