UNIVERSITY "5"

Name: UNIVERSITY "5" lease production and value, Mar 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by APACHE CORPORATION (P-5 27200) 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 15414District 7CField 85279200OilCasinghead gasSave Export

Value, all time

$1.1 M

Mar 2003 – Mar 2014

Value, last 12 filed months

$25 k

at the published price for each month

Months reported

133

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.”

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	14,128 bbl	$854,742
Casinghead gas	Production	38,762 Mcf	$223,275
Total			$1,078,016

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 31.2932, -101.5904. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.29458, -101.59192 · 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

50.0%

2 of 4 wells

With a plug date

50.0%

2 of 4 wells

Median depth

7,778 ft

4 wells filed one

Completion to plug

3.3 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

250.0%

A plug date is filed

250.0%

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

250.0%

NeitherNo plug date, and not on the schedule.

250.0%

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 7,730 and 8,500 ft, median 7,778 ft, over the 4 wells that filed a depth.

Completions filed

Feb 1975 – Aug 2012

4 of 4 wells

Plug dates filed

Dec 2006 – Jul 2017

2 of 4 wells; 2 filed none

Last completion to plug: a median of 3.3 years across the 2 wells that filed both dates, with the middle half between 2.4 years and 4.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-38330532	4	7,775 ft	Aug 2012	Jul 2017	Yes
42-38335674	508TM	8,500 ft	Jan 2006	—	—
42-38330509	1	7,780 ft	May 2005	Dec 2006	Yes
42-38330520	2	7,730 ft	Feb 1975	—	—

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 (133)

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

133 months


Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	38	100	97.42	3.78	$4,080
Sep 2013	29	94	104.11	3.72	$3,369
Aug 2013	20	59	104.25	3.52	$2,293
Jul 2013	23	60	102.52	3.72	$2,581
Jun 2013	39	163	94.40	3.93	$4,323
May 2013	35	159	94.83	4.15	$3,979
Apr 2013	37	245	93.96	4.28	$4,526
Mar 2013	9	26	93.62	3.91	$944
Feb 2013	28	114	91.23	3.42	$2,944
Jan 2013	60	201	91.60	3.42	$6,183
Dec 2012	56	197	86.77	3.42	$5,533
Nov 2012	46	209	86.95	3.62	$4,757
Oct 2012	51	226	89.38	3.40	$5,327
Sep 2012	43	221	94.67	2.92	$4,716
Aug 2012	35	229	92.66	2.91	$3,909
Jul 2012	29	202	85.13	3.02	$3,079
Jun 2012	23	204	79.82	2.52	$2,350
May 2012	24	199	91.61	2.49	$2,694
Apr 2012	27	210	101.65	2.00	$3,164
Mar 2012	25	226	105.05	2.22	$3,128
Feb 2012	29	204	101.10	2.57	$3,456
Jan 2012	31	249	98.09	2.73	$3,722
Dec 2011	25	239	96.87	3.24	$3,196
Nov 2011	28	247	95.72	3.31	$3,498
Oct 2011	26	272	84.98	3.65	$3,202
Sep 2011	28	290	83.62	3.99	$3,497
Aug 2011	32	318	83.40	4.15	$3,988
Jul 2011	52	339	94.14	4.52	$6,427
Jun 2011	42	252	92.90	4.64	$5,071
May 2011	54	363	98.13	4.40	$6,898
Apr 2011	57	393	105.96	4.33	$7,743
Mar 2011	59	390	96.36	4.06	$7,268
Feb 2011	47	337	85.64	4.18	$5,434
Jan 2011	66	388	86.50	4.59	$7,489
Dec 2010	61	374	85.73	4.35	$6,856
Nov 2010	51	289	80.84	3.80	$5,220
Oct 2010	47	327	78.10	3.51	$4,818
Sep 2010	55	360	72.63	3.98	$5,427
Aug 2010	54	377	73.68	4.42	$5,645
Jul 2010	44	373	72.55	4.74	$4,959
Jun 2010	51	332	70.36	4.91	$5,219
May 2010	45	355	71.12	4.24	$4,704
Apr 2010	49	347	81.69	4.12	$5,433
Mar 2010	58	384	78.39	4.39	$6,232
Feb 2010	50	339	73.58	5.44	$5,524
Jan 2010	57	375	74.36	5.96	$6,475
Dec 2009	54	351	71.44	5.48	$5,783
Nov 2009	55	330	74.59	3.75	$5,340
Oct 2009	59	309	72.54	4.11	$5,550
Sep 2009	61	325	65.54	3.06	$4,994
Aug 2009	61	355	67.42	3.22	$5,255
Jul 2009	57	383	61.13	3.46	$4,811
Jun 2009	62	326	66.16	3.90	$5,372
May 2009	75	238	54.74	3.93	$5,040
Apr 2009	76	282	46.77	3.59	$4,566
Mar 2009	101	223	42.14	4.06	$5,161
Feb 2009	12	93	32.81	4.63	$825
Jan 2009	53	192	35.86	5.37	$2,932
Dec 2008	24	119	37.10	5.98	$1,602
Nov 2008	46	238	55.49	6.86	$4,185
Oct 2008	54	234	75.24	6.92	$5,683
Sep 2008	53	195	101.76	7.88	$6,929
Aug 2008	61	262	114.22	8.48	$9,190
Jul 2008	67	259	131.08	11.39	$11,732
Jun 2008	63	217	131.33	13.03	$11,102
May 2008	68	224	123.17	11.57	$10,968
Apr 2008	71	203	110.31	10.45	$9,954
Mar 2008	77	200	101.90	9.66	$9,779
Feb 2008	68	167	92.53	8.77	$7,757
Jan 2008	22	63	90.38	8.21	$2,505
Dec 2007	25	61	88.33	7.30	$2,654
Nov 2007	24	67	91.67	7.29	$2,689
Oct 2007	34	103	82.85	6.92	$3,530
Sep 2007	23	89	75.84	6.24	$2,300
Aug 2007	22	90	69.06	6.39	$2,094
Jul 2007	22	86	70.90	6.39	$2,109
Jun 2007	28	84	62.00	7.55	$2,370
May 2007	32	85	58.74	7.85	$2,547
Apr 2007	30	70	59.61	7.81	$2,335
Mar 2007	33	74	56.92	7.30	$2,419
Feb 2007	504	929	55.10	8.22	$35,403
Jan 2007	568	1,041	50.30	6.73	$35,573
Dec 2006	446	711	56.65	6.92	$30,185
Nov 2006	578	786	54.20	7.62	$37,315
Oct 2006	485	1,010	54.90	6.01	$32,700
Sep 2006	367	929	60.08	5.04	$26,729
Aug 2006	394	1,018	68.71	7.34	$34,544
Jul 2006	470	961	69.37	6.34	$38,699
Jun 2006	467	944	66.28	6.38	$36,979
May 2006	680	1,179	66.01	6.42	$52,462
Apr 2006	786	1,214	64.39	7.36	$59,546
Mar 2006	733	596	56.70	7.08	$45,783
Feb 2006	159	109	57.59	7.75	$10,002
Jan 2006	126	42	60.59	8.93	$8,010
Dec 2005	97	30	54.94	13.42	$5,732
Nov 2005	92	278	54.69	10.59	$7,975
Oct 2005	50	356	58.34	13.80	$7,828
Sep 2005	70	74	61.45	12.08	$5,195
Aug 2005	82	30	61.51	9.80	$5,338
Jul 2005	125	30	55.69	7.84	$7,197
Jun 2005	64	30	52.33	7.38	$3,571
May 2005	105	48	45.22	6.65	$5,067
Apr 2005	80	255	49.20	7.36	$5,813
Mar 2005	134	241	50.37	7.15	$8,474
Feb 2005	146	236	45.22	6.31	$8,092
Jan 2005	198	313	43.16	6.32	$10,525
Dec 2004	128	276	39.86	6.75	$6,965
Nov 2004	128	251	45.28	6.33	$7,385
Oct 2004	161	288	49.70	6.52	$9,878
Sep 2004	89	339	43.24	5.28	$5,640
Aug 2004	145	339	42.37	5.55	$8,025
Jul 2004	112	338	38.28	6.08	$6,344
Jun 2004	135	412	36.10	6.43	$7,524
May 2004	119	414	37.48	6.49	$7,149
Apr 2004	131	402	34.47	5.86	$6,871
Mar 2004	154	400	34.36	5.53	$7,504
Feb 2004	146	379	32.45	5.51	$6,826
Jan 2004	147	411	32.03	6.30	$7,298
Dec 2003	161	402	30.26	6.30	$7,405
Nov 2003	187	400	28.80	4.60	$7,224
Oct 2003	166	403	28.17	4.76	$6,594
Sep 2003	49	213	26.31	4.75	$2,301
Aug 2003	62	228	29.76	5.13	$3,015
Jul 2003	65	209	29.41	5.17	$2,992
Jun 2003	68	207	28.56	5.98	$3,181
May 2003	60	199	26.59	5.97	$2,784
Apr 2003	73	196	26.67	5.41	$3,007
Mar 2003	88	212	31.14	6.10	$4,033

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.

Oct 2013 — as filed, then multipliedworked

Oil                   38 bbl  × $ 97.42 =     $3,702
Casinghead gas       100 Mcf  × $  3.78 =       $378

────────────────────────────────────────────────────
Month total                                   $4,080

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/15414 is the state's own key, not one this site invented.