UNIVERSITY "49-6"

Operated by L & M OPERATING, INC. (P-5 480113) 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 11369District 7CField 73085500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$11.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$285 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
NGPA7none

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
OilDisposition200,862 bbl$9,659,430
Casinghead gasProduction607,099 Mcf$1,954,315
Total$11,613,745

170,817 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 (10)

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 31.1244, -101.3919. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.12437, -101.39166 · 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 10 wells
With a plug date
0.0%
0 of 10 wells
Median depth
2,650 ft
10 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.
10100.0%

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

Total depth in feet, 10 of 10 wells. Median 2,650 ft, with the middle half between 2,650 and 2,650 ft; the shallowest is 2,640 ft and the deepest 2,650 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 10 of 10 wells, May 1985 – Apr 2007. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1985 – Apr 2007
10 of 10 wells

10 wells

42-38335853102,640 ftApr 2007
42-3833421792,650 ftJul 1993
42-3833358972,650 ftJan 1986
42-3833358862,650 ftDec 1985
42-3833359052,650 ftDec 1985
42-3833360382,650 ftDec 1985
42-3833349832,650 ftJul 1985
42-3833349942,650 ftJul 1985
42-3833342212,650 ftJun 1985
42-3833342122,650 ftMay 1985

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 2026327292106.413.05$35,685
Apr 202633029198.932.87$33,482
Mar 202633329289.753.15$30,806
Feb 202633329063.503.75$22,233
Jan 202633628959.138.00$22,179
Dec 202533329556.664.41$20,170
Nov 202533129058.593.93$20,532
Oct 202516628059.383.30$10,782
Sep 202533027062.743.08$21,535
Aug 202533030163.933.01$22,004
Jul 202532529866.743.32$22,678
Jun 202533131566.483.13$22,990
May 202516631060.553.23$11,053
Apr 202533022562.363.54$21,376
Mar 202533234067.704.27$23,928
Feb 202533336070.884.34$25,166
Jan 202516727574.324.28$13,588
Dec 202433531168.993.12$24,082
Nov 202416521569.052.20$11,866
Oct 202432936071.372.28$24,302
Sep 202433127469.612.36$23,689
Aug 202416521075.632.06$12,912
Jul 202416520079.932.15$13,618
Jun 202432821578.082.63$26,177
May 202416521178.812.20$13,468
Apr 202433221184.451.66$28,387
Mar 202416731080.301.55$13,889
Feb 202433719076.091.78$25,981
Jan 202433030073.023.30$25,086
Dec 202332534571.262.61$24,060
Nov 202318032077.892.81$14,919
Oct 202334135885.443.09$30,240
Sep 202335234889.042.74$32,294
Aug 202334335080.522.67$28,554
Jul 202334046274.852.64$26,670
Jun 202317246068.962.26$12,900
May 202333142070.622.23$24,311
Apr 202318221878.122.24$14,706
Mar 202317230072.852.39$13,248
Feb 202317630075.112.47$13,959
Jan 202352532076.533.39$41,262
Dec 202233733076.415.73$27,641
Nov 202234728085.005.65$31,076
Oct 202215922587.185.86$15,181
Sep 202234323584.888.16$31,032
Aug 202234323094.529.13$34,520
Jul 2022334230101.587.54$35,662
Jun 2022339232115.097.98$40,866
May 2022329228109.378.43$37,905
Apr 2022332230104.226.84$36,174
Mar 2022488220108.885.08$54,250
Feb 202234021291.054.86$31,987
Jan 202234720081.844.54$29,306
Dec 202131519071.323.90$23,207
Nov 202132932077.435.24$27,150
Oct 202132488079.795.71$30,880
Sep 202132620069.865.35$23,845
Aug 202134019066.024.22$23,249
Jul 202149420070.783.98$35,762
Jun 202133321269.493.38$23,857
May 202132321563.483.02$21,153
Apr 202147921160.362.76$29,494
Mar 202149220061.302.72$30,703
Feb 202116420057.805.55$10,589
Jan 202132620050.412.81$16,996
Dec 202049920044.642.68$22,810
Nov 202050920038.772.71$20,275
Oct 202048820036.972.48$18,537
Sep 202032628037.091.99$12,649
Aug 202032538039.982.39$13,900
Jul 202048683038.371.83$20,163
Jun 2020030034.901.69$507
May 2020030016.921.81$544
Apr 202015943014.751.80$3,121
Mar 202032838030.341.86$10,657
Feb 202048783049.881.98$25,936
Jan 202049868057.252.09$29,935
Dec 201934068059.012.30$21,630
Nov 201951485055.302.75$30,762
Oct 201950385053.472.42$28,951
Sep 201916185055.052.66$11,122
Aug 201950095053.112.30$28,744
Jul 201916713156.272.46$9,719
Jun 201934013152.782.49$18,272
May 20193421,28258.482.74$23,513
Apr 20195061,32262.632.75$35,327
Mar 20196931,23856.803.06$43,153
Feb 20191651,08950.852.79$11,431
Jan 201933795646.033.23$18,598
Dec 201834488346.594.19$19,723
Nov 20186821,06152.934.24$40,594
Oct 20181741,05061.443.40$14,259
Sep 20183291,10059.543.11$23,007
Aug 201832093759.403.07$21,881
Jul 20183251,03365.142.93$24,199
Jun 20184731,03860.183.08$31,659
May 20183271,06865.382.90$24,477
Apr 201848766663.842.90$33,022
Mar 20184821,09261.222.79$32,551
Feb 201847213961.782.77$29,545
Jan 20184886162.874.01$30,925
Dec 201716470757.272.92$11,458
Nov 20174761,05955.423.12$29,682
Oct 201716484949.292.98$10,617
Sep 201718488447.523.09$11,473
Aug 20175091,05845.373.00$26,272
Jul 20171881,11643.873.09$11,693
Jun 20175181,02442.493.09$25,171
May 201732864445.373.26$16,983
Apr 20173491,11247.933.21$20,299
Mar 20175431,32546.772.98$29,349
Feb 201737599350.452.95$21,851
Jan 20173451,05549.413.42$20,653
Dec 20163521,01848.763.72$20,953
Nov 20163481,11442.492.64$17,732
Oct 20161831,08846.193.09$11,815
Sep 20165111,17741.553.10$24,881
Aug 20163441,13941.442.92$17,586
Jul 20163461,08541.622.92$17,573
Jun 20163591,20245.352.69$19,509
May 20163561,15542.521.99$17,437
Apr 20163591,11736.561.99$15,349
Mar 201636181833.011.79$13,384
Feb 201635772126.472.06$10,938
Jan 201655296227.352.36$17,372
Dec 201534589232.362.00$12,949
Nov 201535389938.792.17$15,641
Oct 20153541,14943.552.43$18,205
Sep 20153571,45242.992.76$19,353
Aug 20151771,04240.162.87$10,101
Jul 20153601,14048.152.95$20,691
Jun 20153561,14856.152.88$23,299
May 20153451,28855.212.96$22,854
Apr 20155031,25449.822.71$28,454
Mar 20157021,28342.892.93$33,874
Feb 20153251,06844.662.98$17,693
Jan 20153571,24943.433.10$19,377
Dec 20143741,18454.693.59$24,706
Nov 20145711,33870.464.25$45,922
Oct 201417494378.303.90$17,303
Sep 20143591,24786.164.05$35,976
Aug 20143791,34889.394.04$39,318
Jul 20147221,33096.564.18$75,275
Jun 201401,41298.164.74$6,688
May 20145621,31794.734.73$59,463
Apr 20143521,33195.944.81$40,172
Mar 20145551,30995.895.06$59,838
Feb 20143471,18497.406.19$41,129
Jan 20143521,32590.404.86$38,261
Dec 20135061,30691.824.35$52,148
Nov 20133391,34388.853.74$35,141
Oct 20135061,26497.423.78$54,072
Sep 20134941,463104.113.72$56,869
Aug 20135071,505104.253.52$58,156
Jul 20136721,475102.523.72$74,377
Jun 20133351,26494.403.93$36,596
May 20133251,50594.834.15$37,064
Apr 201334678393.964.28$35,863
Mar 20136981,64493.623.91$71,780
Feb 20133561,38791.233.42$37,221
Jan 20137541,47391.603.42$74,104
Dec 20125561,43486.773.42$53,149
Nov 20123631,57486.953.62$37,269
Oct 20127451,67089.383.40$72,266
Sep 201218295494.672.92$20,014
Aug 20125381,46292.662.91$54,103
Jul 20125361,50185.133.02$50,164
Jun 20125001,65179.822.52$44,069
May 20123551,43491.612.49$36,090
Apr 20123661,439101.652.00$40,077
Mar 20125441,503105.052.22$60,487
Feb 20125501,435101.102.57$59,293
Jan 20125481,34398.092.73$57,425
Dec 20113651,33496.873.24$39,679
Nov 20115331,41895.723.31$55,714
Oct 20115641,54584.983.65$53,566
Sep 20113771,61183.623.99$37,946
Aug 20115411,76983.404.15$52,460
Jul 20117241,73294.144.52$75,981
Jun 20113691,71692.904.64$42,242
May 20115411,83298.134.40$61,158
Apr 20113821,671105.964.33$47,718
Mar 20115641,84196.364.06$61,817
Feb 20115501,89385.644.18$55,015
Jan 20119281,79886.504.59$88,523
Dec 20103801,79885.734.35$40,395
Nov 20105761,66180.843.80$52,868
Oct 20107091,68678.103.51$61,289
Sep 20103381,76572.633.98$31,573
Aug 20105301,72473.684.42$46,669
Jul 20109091,87672.554.74$74,834
Jun 20103491,79570.364.91$33,370
May 20107061,89971.124.24$58,253
Apr 20105471,91281.694.12$52,567
Mar 20107151,87278.394.39$64,264
Feb 20107511,71073.585.44$64,565
Jan 20106911,84574.365.96$62,387
Dec 20093621,72571.445.48$35,321
Nov 20097031,80774.593.75$59,216
Oct 20095531,92372.544.11$48,019
Sep 20097381,88465.543.06$54,143
Aug 20095311,82667.423.22$41,677
Jul 20097252,12761.133.46$51,688
Jun 20095401,94266.163.90$43,290
May 20095232,02854.743.93$36,590
Apr 20095442,02346.773.59$32,700
Mar 20097262,09542.144.06$39,097
Feb 20095391,99632.814.63$26,932
Jan 20097242,23035.865.37$37,940
Dec 20085472,32237.105.98$34,173
Nov 20088722,51755.496.86$65,655
Oct 20087102,69175.246.92$72,047
Sep 20083691,476101.767.88$49,176
Aug 20087362,277114.228.48$103,382
Jul 20087112,338131.0811.39$119,826
Jun 20085112,273131.3313.03$96,733
May 20086982,599123.1711.57$116,054
Apr 20089172,707110.3110.45$129,456
Mar 20087612,299101.909.66$99,764
Feb 20085572,04592.538.77$69,475
Jan 20087152,05490.388.21$81,476
Dec 20076981,91288.337.30$75,616
Nov 20079112,01991.677.29$98,233
Oct 20077131,61582.856.92$70,251
Sep 20075141,56975.846.24$48,779
Aug 20076821,88569.066.39$59,140
Jul 20076862,27270.906.39$63,151
Jun 20078571,80662.007.55$66,767
May 20071,0402,29058.747.85$79,058
Apr 20071,2132,46159.617.81$91,516
Mar 20073531,60156.927.30$31,783
Feb 20073461,31655.108.22$29,877
Jan 20075261,40250.306.73$35,889
Dec 20061741,55356.656.92$20,601
Nov 20065191,48254.207.62$39,419
Oct 20065161,58654.906.01$37,866
Sep 20061721,46760.085.04$17,723
Aug 20065051,58468.717.34$46,325
Jul 20064931,67769.376.34$44,836
Jun 20063441,57166.286.38$32,829
May 20065091,68466.016.42$44,419
Apr 20065171,38964.397.36$43,513
Mar 20065151,54956.707.08$40,172
Feb 20065201,39557.597.75$40,760
Jan 20063441,33660.598.93$32,778
Dec 20055171,13654.9413.42$43,644
Nov 200550571154.6910.59$35,147
Oct 20055141,34658.3413.80$48,556
Sep 20053181,41761.4512.08$36,657
Aug 20053431,59761.519.80$36,743
Jul 20054951,38755.697.84$38,446
Jun 20053421,48552.337.38$28,858
May 20055171,10445.226.65$30,722
Apr 20055211,14749.207.36$34,076
Mar 20053531,33750.377.15$27,347
Feb 20053441,03445.226.31$22,082
Jan 200535096443.166.32$21,201
Dec 20043421,11539.866.75$21,160
Nov 20043471,16745.286.33$23,100
Oct 20043471,28849.706.52$25,637
Sep 20043491,22343.245.28$21,553
Aug 20045141,26942.375.55$28,822
Jul 20043381,27338.286.08$20,684
Jun 20043361,07736.106.43$19,058
May 20043481,35537.486.49$21,843
Apr 20043491,31634.475.86$19,740
Mar 20045241,42134.365.53$25,863
Feb 20043441,26732.455.51$18,143
Jan 20045211,51332.036.30$26,219
Dec 20035251,55830.266.30$25,704
Nov 20033391,36628.804.60$16,040
Oct 20035201,43728.174.76$21,488
Sep 20033461,43926.314.75$15,938
Aug 20033401,51729.765.13$17,900
Jul 20035181,61729.415.17$23,596
Jun 20033411,30528.565.98$17,547
May 20035181,49326.595.97$22,691
Apr 20033421,59726.675.41$17,757
Mar 20036841,42131.146.10$29,962
Feb 20033431,25733.487.93$21,446
Jan 20033441,58330.315.58$19,263
Dec 20026881,59526.914.85$26,256
Nov 20025141,58324.664.14$19,224
Oct 20023431,65726.464.23$16,083
Sep 20025111,69627.443.64$20,187
Aug 20023451,71625.963.16$14,386
Jul 20025221,89324.583.06$18,627
Jun 20024991,77223.733.34$17,757
May 20024841,81724.663.58$18,448
Apr 20026771,81723.653.51$22,393
Mar 20026811,65922.003.10$20,129
Feb 20023411,51618.222.38$9,815
Jan 20026351,75917.172.38$15,082
Dec 20015121,56616.932.36$12,371
Nov 20013411,67218.072.41$10,184
Oct 20015041,64219.782.53$14,122
Sep 20015131,55624.262.25$15,948
Aug 20014991,71024.873.05$17,631
Jul 20013371,80223.933.20$13,826
Jun 20015101,74624.563.82$19,203
May 20013301,54625.524.31$15,081
Apr 20014901,79324.685.34$21,659
Mar 20016701,79024.545.38$26,066
Feb 20013411,25627.755.77$16,706
Jan 200167093927.478.40$26,291
Dec 20005071,14726.889.12$24,092
Nov 20003331,75532.215.66$20,656
Oct 20006751,87731.235.15$30,738
Sep 20004911,65231.875.19$24,216
Aug 20005101,76829.644.54$23,144
Jul 20005031,74728.534.09$21,495
Jun 20005071,51229.304.40$21,504
May 20006581,93527.263.68$25,057
Apr 20005071,94424.513.12$18,484
Mar 20006581,81028.422.86$23,877
Feb 20006631,95027.622.73$23,629
Jan 20006631,97725.272.48$21,658
Dec 19996691,79124.282.42$20,584
Nov 19994941,16223.192.43$14,284
Oct 19996581,86220.982.80$19,025
Sep 19996531,76621.752.62$18,828
Aug 19993291,45019.262.88$10,506
Jul 19994861,55017.892.37$12,372
Jun 19994911,43315.942.36$11,211
May 19994951,68915.792.32$11,736
Apr 19994881,12915.102.21$9,862
Mar 199949874112.471.84$7,572
Feb 19996548249.981.82$8,025
Jan 199933489510.381.90$5,167
Dec 19984891,1269.201.77$6,496
Nov 19984901,67710.892.19$9,002
Oct 19984871,68412.421.97$9,365
Sep 19984931,89612.592.08$10,156
Aug 19986401,96611.301.91$10,982
Jul 19984812,00111.742.24$10,124
Jun 19986541,76711.242.24$11,304
May 19984862,03712.622.21$10,628
Apr 19986441,80513.042.51$12,920
Mar 19986491,73212.802.31$12,307
Feb 19984981,58213.952.30$10,584
Jan 19984981,95314.702.15$11,529
Dec 19974941,92216.322.41$12,696
Nov 19976591,88018.193.09$17,793
Oct 19976362,19019.253.15$19,141
Sep 19975082,32617.742.95$15,885
Aug 19976572,25017.862.55$17,482
Jul 19975082,37717.582.25$14,272
Jun 19976502,18217.242.26$16,131
May 19979782,35218.972.31$23,982
Apr 19973232,15317.882.08$10,259
Mar 19978182,29018.951.94$19,942
Feb 19973251,98720.492.21$11,042
Jan 19978282,29223.483.54$27,554
Dec 19966522,50323.32$15,205
Nov 19966772,56621.97$14,874
Oct 19966622,52823.31$15,431
Sep 19966602,53222.22$14,665
Aug 19968242,64520.26$16,694
Jul 19965372,86419.55$10,498
Jun 19967192,69318.73$13,467
May 19968832,89619.43$17,157
Apr 19965222,78721.51$11,228
Mar 19967402,87019.38$14,341
Feb 19967432,87916.98$12,616
Jan 19967362,46217.07$12,564
Dec 19955682,77117.19$9,764
Nov 19959402,87116.00$15,040
Oct 19959283,07515.43$14,319
Sep 19955563,01516.18$8,996
Aug 19957323,15015.92$11,653
Jul 19957103,17815.24$10,820
Jun 19957423,03616.41$12,176
May 19959103,34117.56$15,980
Apr 19957243,17117.73$12,837
Mar 19957432,25616.44$12,215
Feb 19959372,63116.58$15,535
Jan 19959062,92215.92$14,424
Dec 19947183,05615.03$10,792
Nov 19941,0833,12915.90$17,220
Oct 19948793,50715.58$13,695
Sep 19948843,46015.29$13,516
Aug 19948743,85416.13$14,098
Jul 19941,0404,04717.56$18,262
Jun 19948564,04817.09$14,629
May 19941,2054,33515.88$19,135
Apr 19941,1904,34414.14$16,827
Mar 19941,0944,70512.46$13,631
Feb 19941,1034,01312.50$13,788
Jan 19949183,95012.66$11,622
Dec 19931,0803,91212.33$13,316
Nov 19939054,17114.49$13,113
Oct 19931,4214,99815.85$22,523
Sep 19931,2474,72015.03$18,742
Aug 19931,2374,72415.66$19,371
Jul 19931,7575,48015.46$27,163
Jun 19935273,89516.79$8,848
May 19937064,22917.68$12,482
Apr 19937034,72018.05$12,689
Mar 19937125,44118.14$12,916
Feb 19938835,48117.90$15,806
Jan 19937064,95616.93$11,953

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
Oil                  327 bbl  × $106.41 =    $34,796
Casinghead gas       292 Mcf  × $  3.05 =       $889

────────────────────────────────────────────────────
Month total                                  $35,685

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/11369 is the state's own key, not one this site invented.