UNIVERSITY 12-16

Name: UNIVERSITY 12-16 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by THOMPSON, J. CLEO (P-5 855610) 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 11598District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$717 k

Jan 1993 – Oct 2008

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

190

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	2	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	37,037 bbl	$715,955
Casinghead gas	Production	13,075 Mcf	$992
Total			$716,947

12,724 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 31.0872, -101.5275. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.08726, -101.52754 · 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%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

6,900 ft

4 wells filed one

Completion to plug

17.7 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

4100.0%

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 6,895 and 6,900 ft, median 6,900 ft, over the 4 wells that filed a depth.

Completions filed

Sep 1985 – Oct 1990

4 of 4 wells

Plug dates filed

Feb 2003 – Sep 2008

4 of 4 wells

Last completion to plug: a median of 17.7 years across the 4 wells that filed both dates, with the middle half between 17.3 years and 17.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-38334042	4	6,900 ft	Oct 1990	Sep 2008	Yes
42-38334030	3	6,900 ft	Oct 1990	Sep 2008	Yes
42-38333706	2	6,900 ft	Feb 1986	Feb 2003	Yes
42-38333561	1	6,895 ft	Sep 1985	Feb 2003	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 (190)

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

190 months


Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	50	0	88.33	7.30	$4,417
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	58	0	62.00	7.55	$3,596
May 2007	65	0	58.74	7.85	$3,818
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	51	0	54.20	7.62	$2,764
Oct 2006	55	0	54.90	6.01	$3,020
Sep 2006	48	0	60.08	5.04	$2,884
Aug 2006	49	0	68.71	7.34	$3,367
Jul 2006	62	0	69.37	6.34	$4,301
Jun 2006	0	0	66.28	6.38	$0
May 2006	60	0	66.01	6.42	$3,961
Apr 2006	63	0	64.39	7.36	$4,057
Mar 2006	59	0	56.70	7.08	$3,345
Feb 2006	57	0	57.59	7.75	$3,283
Jan 2006	54	0	60.59	8.93	$3,272
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	57	0	54.69	10.59	$3,117
Oct 2005	53	0	58.34	13.80	$3,092
Sep 2005	54	0	61.45	12.08	$3,318
Aug 2005	60	0	61.51	9.80	$3,691
Jul 2005	41	0	55.69	7.84	$2,283
Jun 2005	40	0	52.33	7.38	$2,093
May 2005	40	0	45.22	6.65	$1,809
Apr 2005	39	0	49.20	7.36	$1,919
Mar 2005	41	0	50.37	7.15	$2,065
Feb 2005	41	0	45.22	6.31	$1,854
Jan 2005	97	0	43.16	6.32	$4,187
Dec 2004	96	0	39.86	6.75	$3,827
Nov 2004	48	0	45.28	6.33	$2,173
Oct 2004	48	0	49.70	6.52	$2,386
Sep 2004	45	0	43.24	5.28	$1,946
Aug 2004	47	0	42.37	5.55	$1,991
Jul 2004	50	0	38.28	6.08	$1,914
Jun 2004	51	0	36.10	6.43	$1,841
May 2004	45	0	37.48	6.49	$1,687
Apr 2004	98	0	34.47	5.86	$3,378
Mar 2004	48	0	34.36	5.53	$1,649
Feb 2004	50	0	32.45	5.51	$1,623
Jan 2004	51	0	32.03	6.30	$1,634
Dec 2003	50	0	30.26	6.30	$1,513
Nov 2003	51	0	28.80	4.60	$1,469
Oct 2003	51	0	28.17	4.76	$1,437
Sep 2003	50	0	26.31	4.75	$1,316
Aug 2003	50	0	29.76	5.13	$1,488
Jul 2003	51	0	29.41	5.17	$1,500
Jun 2003	93	0	28.56	5.98	$2,656
May 2003	48	0	26.59	5.97	$1,276
Apr 2003	51	0	26.67	5.41	$1,360
Mar 2003	51	0	31.14	6.10	$1,588
Feb 2003	102	0	33.48	7.93	$3,415
Jan 2003	59	0	30.31	5.58	$1,788
Dec 2002	58	0	26.91	4.85	$1,561
Nov 2002	54	0	24.66	4.14	$1,332
Oct 2002	58	0	26.46	4.23	$1,535
Sep 2002	57	0	27.44	3.64	$1,564
Aug 2002	114	0	25.96	3.16	$2,959
Jul 2002	51	0	24.58	3.06	$1,254
Jun 2002	48	0	23.73	3.34	$1,139
May 2002	100	0	24.66	3.58	$2,466
Apr 2002	48	0	23.65	3.51	$1,135
Mar 2002	48	0	22.00	3.10	$1,056
Feb 2002	51	0	18.22	2.38	$929
Jan 2002	52	0	17.17	2.38	$893
Dec 2001	105	0	16.93	2.36	$1,778
Nov 2001	52	0	18.07	2.41	$940
Oct 2001	52	0	19.78	2.53	$1,029
Sep 2001	104	0	24.26	2.25	$2,523
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	59	0	23.93	3.20	$1,412
Jun 2001	99	0	24.56	3.82	$2,431
May 2001	36	0	25.52	4.31	$919
Apr 2001	105	0	24.68	5.34	$2,591
Mar 2001	54	0	24.54	5.38	$1,325
Feb 2001	55	0	27.75	5.77	$1,526
Jan 2001	49	0	27.47	8.40	$1,346
Dec 2000	94	0	26.88	9.12	$2,527
Nov 2000	49	0	32.21	5.66	$1,578
Oct 2000	47	0	31.23	5.15	$1,468
Sep 2000	95	0	31.87	5.19	$3,028
Aug 2000	48	0	29.64	4.54	$1,423
Jul 2000	52	0	28.53	4.09	$1,484
Jun 2000	28	0	29.30	4.40	$820
May 2000	103	0	27.26	3.68	$2,808
Apr 2000	96	0	24.51	3.12	$2,353
Mar 2000	158	0	28.42	2.86	$4,490
Feb 2000	51	0	27.62	2.73	$1,409
Jan 2000	54	0	25.27	2.48	$1,365
Dec 1999	50	0	24.28	2.42	$1,214
Nov 1999	104	0	23.19	2.43	$2,412
Oct 1999	51	0	20.98	2.80	$1,070
Sep 1999	54	0	21.75	2.62	$1,175
Aug 1999	102	0	19.26	2.88	$1,965
Jul 1999	52	0	17.89	2.37	$930
Jun 1999	85	0	15.94	2.36	$1,355
May 1999	175	0	15.79	2.32	$2,763
Apr 1999	81	0	15.10	2.21	$1,223
Mar 1999	254	0	12.47	1.84	$3,167
Feb 1999	212	0	9.98	1.82	$2,116
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	243	0	9.20	1.77	$2,236
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	227	0	12.42	1.97	$2,819
Sep 1998	226	0	12.59	2.08	$2,845
Aug 1998	118	0	11.30	1.91	$1,333
Jul 1998	456	0	11.74	2.24	$5,353
Jun 1998	0	0	11.24	2.24	$0
May 1998	475	0	12.62	2.21	$5,995
Apr 1998	161	0	13.04	2.51	$2,099
Mar 1998	322	0	12.80	2.31	$4,122
Feb 1998	326	0	13.95	2.30	$4,548
Jan 1998	167	0	14.70	2.15	$2,455
Dec 1997	165	0	16.32	2.41	$2,693
Nov 1997	165	22	18.19	3.09	$3,069
Oct 1997	165	104	19.25	3.15	$3,504
Sep 1997	333	55	17.74	2.95	$6,070
Aug 1997	160	14	17.86	2.55	$2,893
Jul 1997	471	0	17.58	2.25	$8,280
Jun 1997	0	42	17.24	2.26	$95
May 1997	322	0	18.97	2.31	$6,108
Apr 1997	314	0	17.88	2.08	$5,614
Mar 1997	316	19	18.95	1.94	$6,025
Feb 1997	625	52	20.49	2.21	$12,921
Jan 1997	476	43	23.48	3.54	$11,329
Dec 1996	146	81	23.32	—	$3,405
Nov 1996	629	51	21.97	—	$13,819
Oct 1996	472	110	23.31	—	$11,002
Sep 1996	472	61	22.22	—	$10,488
Aug 1996	313	85	20.26	—	$6,341
Jul 1996	484	192	19.55	—	$9,462
Jun 1996	317	222	18.73	—	$5,937
May 1996	317	215	19.43	—	$6,159
Apr 1996	315	162	21.51	—	$6,776
Mar 1996	655	208	19.38	—	$12,694
Feb 1996	490	201	16.98	—	$8,320
Jan 1996	478	142	17.07	—	$8,159
Dec 1995	315	202	17.19	—	$5,415
Nov 1995	311	182	16.00	—	$4,976
Oct 1995	309	284	15.43	—	$4,768
Sep 1995	472	286	16.18	—	$7,637
Aug 1995	621	264	15.92	—	$9,886
Jul 1995	463	206	15.24	—	$7,056
Jun 1995	478	89	16.41	—	$7,844
May 1995	321	118	17.56	—	$5,637
Apr 1995	788	262	17.73	—	$13,971
Mar 1995	306	265	16.44	—	$5,031
Feb 1995	448	163	16.58	—	$7,428
Jan 1995	306	131	15.92	—	$4,872
Dec 1994	461	220	15.03	—	$6,929
Nov 1994	584	270	15.90	—	$9,286
Oct 1994	462	270	15.58	—	$7,198
Sep 1994	623	262	15.29	—	$9,526
Aug 1994	593	297	16.13	—	$9,565
Jul 1994	443	227	17.56	—	$7,779
Jun 1994	591	350	17.09	—	$10,100
May 1994	888	366	15.88	—	$14,101
Apr 1994	296	324	14.14	—	$4,185
Mar 1994	446	274	12.46	—	$5,557
Feb 1994	439	176	12.50	—	$5,488
Jan 1994	595	274	12.66	—	$7,533
Dec 1993	740	258	12.33	—	$9,124
Nov 1993	593	342	14.49	—	$8,593
Oct 1993	589	458	15.85	—	$9,336
Sep 1993	434	332	15.03	—	$6,523
Aug 1993	564	420	15.66	—	$8,832
Jul 1993	730	454	15.46	—	$11,286
Jun 1993	586	435	16.79	—	$9,839
May 1993	589	530	17.68	—	$10,414
Apr 1993	899	543	18.05	—	$16,227
Mar 1993	407	558	18.14	—	$7,383
Feb 1993	1,011	496	17.90	—	$18,097
Jan 1993	733	406	16.93	—	$12,410

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.

Dec 2007 — as filed, then multipliedworked

Oil                   50 bbl  × $ 88.33 =     $4,417
Casinghead gas         0 Mcf  × $  7.30 =         $0

────────────────────────────────────────────────────
Month total                                   $4,417

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/11598 is the state's own key, not one this site invented.