UNIVERSITY "48-6"

Operated by LAST DOLLAR LLC (P-5 487693) in the PRICE (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10771District 7CField 73085500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$28 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 67 leases and 331 wells, and the rule below applies to all of them.

Discovered
1953-08-25
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: OPTIONAL 20 ACRE UNITS-W/1500' MAX DIAG.

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
NGPA4none

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
OilDisposition29,161 bbl$1,266,057
Casinghead gasProduction34,709 Mcf$111,257
Total$1,377,314

10,551 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 (4)

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 31.1231, -101.3833. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.12326, -101.38314 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
2,700 ft
4 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.
4100.0%

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 2,690 and 2,700 ft, median 2,700 ft, over the 4 wells that filed a depth.

Completions filed
Jun 1984 – Jul 1984
4 of 4 wells

4 wells

42-3833301942,700 ftJul 1984
42-3833302032,690 ftJul 1984
42-3833301722,700 ftJun 1984
42-3833301812,700 ftJun 1984

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 2026120089.753.15$10,770
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 2025154058.593.93$9,023
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025116066.743.32$7,742
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 2025160070.884.34$11,341
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 2024152078.812.20$11,979
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023149074.852.64$11,153
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 2023157075.112.47$11,792
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 2022157084.888.16$13,326
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 20221720108.885.08$18,727
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021172069.865.35$12,016
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 2021169061.302.72$10,360
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020175038.772.71$6,785
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 2020174038.371.83$6,676
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020176049.881.98$8,779
Jan 20201057.252.09$57
Dec 20190059.012.30$0
Nov 2019166055.302.75$9,180
Oct 20191053.472.42$53
Sep 2019174055.052.66$9,579
Aug 20190053.112.30$0
Jul 20191056.272.46$56
Jun 20190052.782.49$0
May 2019166058.482.74$9,708
Apr 20190062.632.75$0
Mar 20191056.803.06$57
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 2018181052.934.24$9,580
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 2018172061.222.79$10,530
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 2017183057.272.92$10,480
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 2017168047.933.21$8,052
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 2017175049.413.42$8,647
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 2016154046.193.09$7,113
Sep 20160041.553.10$0
Aug 20162041.442.92$83
Jul 20160041.622.92$0
Jun 2016180045.352.69$8,163
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 2016176033.011.79$5,810
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 2015180032.362.00$5,825
Nov 20152038.792.17$78
Oct 20150043.552.43$0
Sep 20151785642.992.76$7,807
Aug 201501840.162.87$52
Jul 2015173048.152.95$8,330
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 2015176042.892.93$7,549
Feb 20150044.662.98$0
Jan 20151721043.433.10$7,501
Dec 201403554.693.59$126
Nov 201406970.464.25$293
Oct 20141788578.303.90$14,269
Sep 2014010686.164.05$429
Aug 201405689.394.04$226
Jul 20141606696.564.18$15,725
Jun 201406298.164.74$294
May 201402494.734.73$113
Apr 20140595.944.81$24
Mar 20141474995.895.06$14,344
Feb 201405697.406.19$347
Jan 201405790.404.86$277
Dec 20131715091.824.35$15,919
Nov 201305888.853.74$217
Oct 201305797.423.78$215
Sep 2013048104.113.72$178
Aug 201316088104.253.52$16,990
Jul 20130115102.523.72$428
Jun 20131645894.403.93$15,710
May 20130094.834.15$0
Apr 20131093.964.28$94
Mar 2013110193.623.91$489
Feb 201314810091.233.42$13,844
Jan 201309991.603.42$339
Dec 20121556686.773.42$13,675
Nov 201208986.953.62$323
Oct 20121645089.383.40$14,828
Sep 201202094.672.92$58
Aug 2012010092.662.91$291
Jul 2012014185.133.02$426
Jun 20121746279.822.52$14,045
May 201208791.612.49$216
Apr 2012088101.652.00$176
Mar 201217875105.052.22$18,866
Feb 2012084101.102.57$216
Jan 20121788198.092.73$17,681
Dec 201108596.873.24$275
Nov 201108195.723.31$268
Oct 20111858384.983.65$16,024
Sep 201108683.623.99$343
Aug 2011010283.404.15$423
Jul 20111729194.144.52$16,603
Jun 201108892.904.64$408
May 20111573798.134.40$15,569
Apr 2011091105.964.33$394
Mar 20111757196.364.06$17,151
Feb 201108685.644.18$359
Jan 20111724586.504.59$15,085
Dec 201008085.734.35$348
Nov 201006480.843.80$243
Oct 20101758078.103.51$13,948
Sep 201007572.633.98$298
Aug 201006173.684.42$270
Jul 201017512072.554.74$13,265
Jun 201017813070.364.91$13,162
May 2010013671.124.24$576
Apr 20101746781.694.12$14,490
Mar 201009778.394.39$426
Feb 201008173.585.44$441
Jan 20101729874.365.96$13,374
Dec 2009010371.445.48$565
Nov 200909674.593.75$360
Oct 200917710072.544.11$13,251
Sep 2009011465.543.06$349
Aug 200917311667.423.22$12,037
Jul 200917914361.133.46$11,438
Jun 2009013066.163.90$506
May 2009012854.743.93$503
Apr 2009010946.773.59$391
Mar 200917811742.144.06$7,976
Feb 2009012232.814.63$565
Jan 200917813435.865.37$7,103
Dec 200818237.105.98$527
Nov 20080055.496.86$0
Oct 2008173075.246.92$13,017
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 20081740131.0811.39$22,808
Jun 200817276131.3313.03$23,579
May 2008174131123.1711.57$22,948
Apr 20080127110.3110.45$1,328
Mar 20081126101.909.66$1,320
Feb 200817712492.538.77$17,465
Jan 2008013690.388.21$1,116
Dec 200717812388.337.30$16,621
Nov 2007011391.677.29$824
Oct 20071747482.856.92$14,928
Sep 2007011175.846.24$693
Aug 20071578569.066.39$11,385
Jul 200704270.906.39$268
Jun 2007042062.007.55$3,170
May 200717513958.747.85$11,370
Apr 2007016359.617.81$1,272
Mar 200716534656.927.30$11,918
Feb 2007021355.108.22$1,750
Jan 2007021150.306.73$1,419
Dec 200617825856.656.92$11,869
Nov 200608254.207.62$625
Oct 200617830554.906.01$11,606
Sep 2006019560.085.04$982
Aug 2006122568.717.34$1,720
Jul 200617518369.376.34$13,300
Jun 2006016566.286.38$1,053
May 200617419666.016.42$12,745
Apr 2006014464.397.36$1,060
Mar 20061744156.707.08$10,156
Feb 200616915757.597.75$10,950
Jan 2006016560.598.93$1,474
Dec 2005014354.9413.42$1,918
Nov 200517819354.6910.59$11,778
Oct 2005013858.3413.80$1,904
Sep 20051715561.4512.08$11,172
Aug 20051731161.519.80$10,749
Jul 20050055.697.84$0
Jun 20053052.337.38$157
May 2005174045.226.65$7,868
Apr 20054049.207.36$197
Mar 2005167050.377.15$8,412
Feb 20050045.226.31$0
Jan 2005180043.166.32$7,769
Dec 200414039.866.75$558
Nov 20040045.286.33$0
Oct 2004181049.706.52$8,996
Sep 20043043.245.28$130
Aug 20041801142.375.55$7,688
Jul 200404838.286.08$292
Jun 20041757336.106.43$6,787
May 2004311037.486.49$827
Apr 20041778934.475.86$6,623
Mar 200419734.365.53$571
Feb 20041799632.455.51$6,337
Jan 200413932.036.30$278
Dec 200317712430.266.30$6,137
Nov 200316128.804.60$309
Oct 200317711428.174.76$5,529
Sep 2003111126.314.75$553
Aug 20031779329.765.13$5,745
Jul 200306729.415.17$346
Jun 200309628.565.98$574
May 20031801026.595.97$4,846
Apr 200331826.675.41$177
Mar 200318513831.146.10$6,602
Feb 200328933.487.93$772
Jan 200317910530.315.58$6,012
Dec 200218212426.914.85$5,499
Nov 200228124.664.14$384
Oct 2002713626.464.23$760
Sep 200218410227.443.64$5,420
Aug 2002112025.963.16$406
Jul 200218520624.583.06$5,178
Jun 2002614323.733.34$620
May 2002613824.663.58$643
Apr 20021869623.653.51$4,736
Mar 20021839922.003.10$4,333
Feb 200267018.222.38$276
Jan 20021878717.172.38$3,417
Dec 200157016.932.36$250
Nov 200168118.072.41$303
Oct 20011826819.782.53$3,772
Sep 20011913324.262.25$4,708
Aug 20012024.873.05$50
Jul 20012023.933.20$48
Jun 20011842924.563.82$4,630
May 200119317625.524.31$5,683
Apr 2001218424.685.34$1,031
Mar 200117816224.545.38$5,239
Feb 200118818927.755.77$6,307
Jan 2001012627.478.40$1,058
Dec 2000015226.889.12$1,387
Nov 200018518632.215.66$7,011
Oct 2000123531.235.15$1,240
Sep 200019114331.875.19$6,829
Aug 200018819929.644.54$6,476
Jul 2000220228.534.09$883
Jun 200018323129.304.40$6,378
May 200017717127.263.68$5,454
Apr 2000212624.513.12$442
Mar 200018316128.422.86$5,661
Feb 2000020627.622.73$562
Jan 200017921425.272.48$5,054
Dec 199918322224.282.42$4,981
Nov 1999020023.192.43$487
Oct 199917818420.982.80$4,250
Sep 1999014321.752.62$375
Aug 199917816619.262.88$3,906
Jul 1999012817.892.37$304
Jun 199918024015.942.36$3,436
May 199918222415.792.32$3,394
Apr 1999122315.102.21$508
Mar 199918327712.471.84$2,791
Feb 199902369.981.82$429
Jan 199917814310.381.90$2,119
Dec 19981699.201.77$132
Nov 19981837210.892.19$2,150
Oct 1998117612.421.97$359
Sep 199817019112.592.08$2,538
Aug 199818317211.301.91$2,396
Jul 1998218811.742.24$444
Jun 199817217311.242.24$2,320
May 199817326512.622.21$2,768
Apr 199818134713.042.51$3,230
Mar 1998221312.802.31$518
Feb 199817926013.952.30$3,095
Jan 19981855514.702.15$2,838
Dec 1997112416.322.41$315
Nov 199718718518.193.09$3,973
Oct 199718321819.253.15$4,209
Sep 199717011417.742.95$3,353
Aug 199766617.862.55$276
Jul 19978614717.582.25$1,842
Jun 199717018717.242.26$3,353
May 199718310018.972.31$3,702
Apr 1997217417.882.08$398
Mar 199717723218.951.94$3,804
Feb 199718014320.492.21$4,004
Jan 1997115023.483.54$554
Dec 199618416823.32$4,291
Nov 199618125921.97$3,977
Oct 1996015823.31$0
Sep 199616813622.22$3,733
Aug 19961796220.26$3,627
Jul 1996021219.55$0
Jun 19961729018.73$3,222
May 19961789419.43$3,459
Apr 199608821.51$0
Mar 199617915719.38$3,469
Feb 1996017216.98$0
Jan 199618214417.07$3,107
Dec 199518324617.19$3,146
Nov 1995020916.00$0
Oct 199518026315.43$2,777
Sep 199517627816.18$2,848
Aug 199518134815.92$2,882
Jul 1995024415.24$0
Jun 199517817516.41$2,921
May 199518015917.56$3,161
Apr 1995022817.73$0
Mar 199517913116.44$2,943
Feb 19951829516.58$3,018
Jan 199518322315.92$2,913
Dec 1994022815.03$0
Nov 199416418115.90$2,608
Oct 199417131515.58$2,664
Sep 1994025815.29$0
Aug 199416627416.13$2,678
Jul 19941638217.56$2,862
Jun 199416630817.09$2,837
May 1994033015.88$0
Apr 199417524514.14$2,475
Mar 199416221712.46$2,019
Feb 199416417712.50$2,050
Jan 199416214412.66$2,051
Dec 1993013112.33$0
Nov 199316414914.49$2,376
Oct 199316720315.85$2,647
Sep 199316511015.03$2,480
Aug 199316134815.66$2,521
Jul 199316319115.46$2,520
Jun 1993027516.79$0
May 199315933117.68$2,811
Apr 199317424918.05$3,141
Mar 199315543718.14$2,812
Feb 199314747917.90$2,631
Jan 199316855016.93$2,844

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 2026 — as filed, then multipliedworked
Oil                  120 bbl  × $ 89.75 =    $10,770
Casinghead gas         0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                  $10,770

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/10771 is the state's own key, not one this site invented.