UNIVERSITY "29-16-N"

Operated by THOMPSON, J. CLEO (P-5 855610) in the HOOVER field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11550District 7CField 42506001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$88 k
Jan 1993 – Nov 2008
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
191
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 23 leases and 28 wells, and the rule below applies to all of them.

Discovered
1941-02-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1941-09-01.

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: OIL RULES ADDED TO GAS 1/24/95

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
NGPA2none

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
OilDisposition3,996 bbl$88,222
Casinghead gasProduction21 Mcf$0
Total$88,222

21 Mcf of this lease's gas, across 21 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 30.7353, -101.6300. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

30.73528, -101.62997 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
1,770 ft
2 wells filed one
Completion to plug
22.0 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 1,735 and 1,804 ft, median 1,770 ft, over the 2 wells that filed a depth.

Completions filed
Sep 1985 – Jul 1987
2 of 2 wells
Plug dates filed
Aug 2008
2 of 2 wells

Last completion to plug: a median of 22.0 years across the 2 wells that filed both dates, with the middle half between 21.6 years and 22.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-1053538231,735 ftJul 1987Aug 2008Yes
42-1053509321,804 ftSep 1985Aug 2008Yes

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 (191)

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

191 months

Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 2008550131.0811.39$7,209
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 200711056.927.30$626
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20064054.906.01$220
Sep 20062060.085.04$120
Aug 20060068.717.34$0
Jul 20062069.376.34$139
Jun 20060066.286.38$0
May 20062066.016.42$132
Apr 20060064.397.36$0
Mar 20062056.707.08$113
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20052061.519.80$123
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20052049.207.36$98
Mar 2005144050.377.15$7,253
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20043037.486.49$112
Apr 20040034.475.86$0
Mar 20044034.365.53$137
Feb 20041032.455.51$32
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 200352026.314.75$1,368
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003171028.565.98$4,884
May 20031026.595.97$27
Apr 20030026.675.41$0
Mar 20033031.146.10$93
Feb 200313033.487.93$435
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20022026.464.23$53
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002168022.003.10$3,696
Feb 20025018.222.38$91
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001174025.524.31$4,440
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20015027.478.40$137
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 2000166029.304.40$4,864
May 20000027.263.68$0
Apr 20008024.513.12$196
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19999024.282.42$219
Nov 19990023.192.43$0
Oct 19994020.982.80$84
Sep 1999165021.752.62$3,589
Aug 19993019.262.88$58
Jul 19997017.892.37$125
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 199926015.102.21$393
Mar 19995012.471.84$62
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 1998199010.892.19$2,167
Oct 19980012.421.97$0
Sep 199851012.592.08$642
Aug 199851011.301.91$576
Jul 19982011.742.24$23
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 1998102013.042.51$1,330
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 1998173014.702.15$2,543
Dec 199711016.322.41$180
Nov 199740018.193.09$728
Oct 199721019.253.15$404
Sep 199714017.742.95$248
Aug 199722017.862.55$393
Jul 199731017.582.25$545
Jun 19970017.242.26$0
May 1997216018.972.31$4,098
Apr 199760017.882.08$1,073
Mar 199736018.951.94$682
Feb 199744020.492.21$902
Jan 199762023.483.54$1,456
Dec 199632023.32$746
Nov 1996186021.97$4,086
Oct 199650023.31$1,166
Sep 199640022.22$889
Aug 199677020.26$1,560
Jul 199622019.55$430
Jun 199620018.73$375
May 19960019.43$0
Apr 199613121.51$280
Mar 199625019.38$485
Feb 1996190016.98$3,226
Jan 19960017.07$0
Dec 19956017.19$103
Nov 19950016.00$0
Oct 199529015.43$447
Sep 19957016.18$113
Aug 199537015.92$589
Jul 19953015.24$46
Jun 19950016.41$0
May 19952017.56$35
Apr 1995185017.73$3,280
Mar 19950016.44$0
Feb 19955016.58$83
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19947015.58$109
Sep 19940115.29$0
Aug 1994165116.13$2,661
Jul 199411117.56$193
Jun 19940117.09$0
May 19940115.88$0
Apr 19940114.14$0
Mar 19940112.46$0
Feb 1994165112.50$2,063
Jan 19940012.66$0
Dec 19930112.33$0
Nov 19930114.49$0
Oct 1993172115.85$2,726
Sep 19930115.03$0
Aug 19930115.66$0
Jul 199320115.46$309
Jun 19930116.79$0
May 19930117.68$0
Apr 19930118.05$0
Mar 1993171118.14$3,102
Feb 19930117.90$0
Jan 19930116.93$0

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 2008 — as filed, then multipliedworked
Oil                   55 bbl  × $131.08 =     $7,209
Casinghead gas         0 Mcf  × $ 11.39 =         $0

────────────────────────────────────────────────────
Month total                                   $7,209

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/11550 is the state's own key, not one this site invented.