UNIVERSITY "9A"

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) in the BAKER RANCH (CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11465District 7CField 05143300NGPA filingOilCasinghead gasSaveExport
Value, all time
$764 k
Jan 1993 – Sep 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
249
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 132 leases and 192 wells, and the rule below applies to all of them.

Discovered
1976-03-22
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

The Commission's schedule remark for this field reads: THE TOLERANCE ACREAGE OF 40 WAS REMOVED PER DOCKET 7C-0231629.

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
NGPA3none

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
OilDisposition5,017 bbl$150,048
Casinghead gasProduction194,697 Mcf$614,261
Total$764,308

60,069 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 (3)

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 31.0650, -100.9138. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.06441, -100.91339 · 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
100.0%
3 of 3 wells
With a plug date
66.7%
2 of 3 wells
Median depth
7,225 ft
3 wells filed one
Completion to plug
2.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
266.7%
BothOn the schedule and plugged. Neither fact cancels the other.
266.7%
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 7,150 and 7,275 ft, median 7,225 ft, over the 3 wells that filed a depth.

Completions filed
Jul 1985 – Feb 1986
3 of 3 wells
Plug dates filed
Apr 1988 – Dec 1988
2 of 3 wells; 1 filed none

Last completion to plug: a median of 2.8 years across the 2 wells that filed both dates, with the middle half between 2.8 years and 2.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-4133158267,275 ftFeb 1986Dec 1988Yes
42-4133157157,225 ftNov 1985Yes
42-4133151247,150 ftJul 1985Apr 1988Yes

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 (249)

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

249 months

Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20121085.133.02$85
Jun 20125079.822.52$399
May 20125091.612.49$458
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010048271.124.24$2,041
Apr 2010044381.694.12$1,826
Mar 2010045478.394.39$1,992
Feb 2010041673.585.44$2,264
Jan 2010045874.365.96$2,732
Dec 2009045471.445.48$2,490
Nov 2009044674.593.75$1,673
Oct 2009045372.544.11$1,862
Sep 2009045165.543.06$1,382
Aug 2009046367.423.22$1,490
Jul 20094245961.133.46$4,158
Jun 2009031866.163.90$1,239
May 2009039154.743.93$1,535
Apr 2009045346.773.59$1,625
Mar 2009047842.144.06$1,940
Feb 2009042532.814.63$1,969
Jan 2009048535.865.37$2,605
Dec 2008048337.105.98$2,887
Nov 2008047355.496.86$3,245
Oct 2008047375.246.92$3,274
Sep 20080259101.767.88$2,040
Aug 20080492114.228.48$4,174
Jul 2008163478131.0811.39$26,810
Jun 20080467131.3313.03$6,086
May 20080494123.1711.57$5,718
Apr 20080461110.3110.45$4,820
Mar 20080485101.909.66$4,687
Feb 2008045992.538.77$4,026
Jan 2008049890.388.21$4,086
Dec 2007050288.337.30$3,666
Nov 2007048891.677.29$3,558
Oct 2007050982.856.92$3,523
Sep 2007048975.846.24$3,053
Aug 200717551669.066.39$15,382
Jul 2007050970.906.39$3,251
Jun 2007049162.007.55$3,706
May 2007048358.747.85$3,790
Apr 2007050759.617.81$3,957
Mar 2007052056.927.30$3,797
Feb 2007047855.108.22$3,927
Jan 2007053050.306.73$3,565
Dec 2006054956.656.92$3,798
Nov 2006050554.207.62$3,847
Oct 2006055554.906.01$3,338
Sep 2006047160.085.04$2,373
Aug 200617752668.717.34$16,022
Jul 2006056169.376.34$3,558
Jun 2006054366.286.38$3,466
May 2006055366.016.42$3,553
Apr 2006053964.397.36$3,967
Mar 2006056056.707.08$3,966
Feb 2006051257.597.75$3,969
Jan 2006053960.598.93$4,815
Dec 2005056754.9413.42$7,607
Nov 200518053354.6910.59$15,488
Oct 2005060358.3413.80$8,319
Sep 2005051561.4512.08$6,221
Aug 2005058761.519.80$5,751
Jul 2005163455.697.84$5,029
Jun 2005061552.337.38$4,539
May 2005058545.226.65$3,891
Apr 200517756549.207.36$12,867
Mar 2005060250.377.15$4,307
Feb 2005047445.226.31$2,992
Jan 2005056443.166.32$3,566
Dec 2004059839.866.75$4,037
Nov 2004057845.286.33$3,659
Oct 2004056649.706.52$3,688
Sep 2004056043.245.28$2,959
Aug 2004056342.375.55$3,125
Jul 2004054138.286.08$3,292
Jun 200417955936.106.43$10,058
May 2004060937.486.49$3,955
Apr 2004059634.475.86$3,492
Mar 2004065434.365.53$3,617
Feb 2004061232.455.51$3,372
Jan 2004062132.036.30$3,912
Dec 2003057330.266.30$3,611
Nov 2003056528.804.60$2,596
Oct 2003062228.174.76$2,961
Sep 200318057726.314.75$7,476
Aug 2003062529.765.13$3,206
Jul 2003065429.415.17$3,382
Jun 2003054028.565.98$3,231
May 2003062726.595.97$3,745
Apr 2003062526.675.41$3,380
Mar 2003063831.146.10$3,889
Feb 2003060633.487.93$4,803
Jan 2003073130.315.58$4,080
Dec 200218353926.914.85$7,541
Nov 2002066324.664.14$2,743
Oct 2002198126.464.23$4,175
Sep 200201,64527.443.64$5,980
Aug 200201,59025.963.16$5,031
Jul 200201,73324.583.06$5,306
Jun 200201,87323.733.34$6,253
May 20021791,66324.663.58$10,374
Apr 200201,67823.653.51$5,894
Mar 200202,38622.003.10$7,403
Feb 200202,27418.222.38$5,402
Jan 200202,32217.172.38$5,516
Dec 200101,76116.932.36$4,164
Nov 200101,95718.072.41$4,708
Oct 200102,06219.782.53$5,215
Sep 200102,08624.262.25$4,696
Aug 200102,00224.873.05$6,112
Jul 200101,83223.933.20$5,857
Jun 20011821,83224.563.82$11,476
May 200101,71925.524.31$7,404
Apr 200101,83524.685.34$9,790
Mar 200101,87224.545.38$10,065
Feb 200101,75027.755.77$10,092
Jan 200101,92727.478.40$16,184
Dec 20001871,85526.889.12$21,949
Nov 200001,72732.215.66$9,771
Oct 200001,61931.235.15$8,331
Sep 200001,22431.875.19$6,348
Aug 200001,24629.644.54$5,658
Jul 20001811,50428.534.09$11,315
Jun 200001,01429.304.40$4,459
May 200001,19627.263.68$4,401
Apr 2000092324.513.12$2,876
Mar 2000080328.422.86$2,296
Feb 2000072527.622.73$1,977
Jan 200018879125.272.48$6,713
Dec 1999081624.282.42$1,978
Nov 1999080723.192.43$1,964
Oct 1999085120.982.80$2,386
Sep 1999078821.752.62$2,064
Aug 1999082519.262.88$2,372
Jul 1999082017.892.37$1,945
Jun 1999075415.942.36$1,781
May 199918661015.792.32$4,353
Apr 1999093515.102.21$2,065
Mar 1999084212.471.84$1,548
Feb 199935709.981.82$1,066
Jan 199901,08810.381.90$2,067
Dec 19981899279.201.77$3,383
Nov 1998079010.892.19$1,727
Oct 1998073712.421.97$1,451
Sep 1998479812.592.08$1,712
Aug 1998084611.301.91$1,614
Jul 1998082811.742.24$1,852
Jun 199818357911.242.24$3,352
May 1998083812.622.21$1,849
Apr 1998066813.042.51$1,674
Mar 199801,03312.802.31$2,386
Feb 199801,11813.952.30$2,570
Jan 199801,04814.702.15$2,258
Dec 1997088816.322.41$2,141
Nov 1997081618.193.09$2,520
Oct 1997058619.253.15$1,846
Sep 1997079917.742.95$2,361
Aug 199718852017.862.55$4,686
Jul 199711,06517.582.25$2,411
Jun 1997095717.242.26$2,160
May 199701,33918.972.31$3,091
Apr 199701,11617.882.08$2,324
Mar 199701,02018.951.94$1,978
Feb 199701,27920.492.21$2,821
Jan 1997094823.483.54$3,356
Dec 1996070523.32$0
Nov 19961841,04821.97$4,042
Oct 199601,18623.31$0
Sep 199601,30522.22$0
Aug 199601,30120.26$0
Jul 1996081419.55$0
Jun 1996095818.73$0
May 199618098619.43$3,497
Apr 1996097821.51$0
Mar 199601,03119.38$0
Feb 199601,02316.98$0
Jan 19961921,09117.07$3,277
Dec 199501,22217.19$0
Nov 199511,14816.00$16
Oct 199511,33015.43$15
Sep 199541,02016.18$65
Aug 199501,21215.92$0
Jul 199501,21015.24$0
Jun 19951851,03316.41$3,036
May 199501,24617.56$0
Apr 199501,01317.73$0
Mar 1995388516.44$49
Feb 199511,36616.58$17
Jan 19951861,40915.92$2,961
Dec 199401,02515.03$0
Nov 199401,23615.90$0
Oct 199401,31615.58$0
Sep 199411,29215.29$15
Aug 199401,25416.13$0
Jul 19941831,37117.56$3,213
Jun 199421,38217.09$34
May 199401,14715.88$0
Apr 199401,28414.14$0
Mar 199411,44112.46$12
Feb 19941901,34212.50$2,375
Jan 199421,67912.66$25
Dec 199301,71612.33$0
Nov 199301,65214.49$0
Oct 19931831,26815.85$2,901
Sep 199331,29915.03$45
Aug 199301,33115.66$0
Jul 199321,79015.46$31
Jun 199301,21916.79$0
May 199301,73217.68$0
Apr 19931881,58118.05$3,393
Mar 199301,68318.14$0
Feb 1993090217.90$0
Jan 19931851,60716.93$3,132

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 2012 — as filed, then multipliedworked
Oil                    1 bbl  × $ 85.13 =        $85
Casinghead gas         0 Mcf  × $  3.02 =         $0

────────────────────────────────────────────────────
Month total                                      $85

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/11465 is the state's own key, not one this site invented.