UNIVERSITY 15

Operated by PETX OPERATING LLC (P-5 102221) in the BLOCK 38 (ELLENBURGER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 15434District 7CField 09400300OilCasinghead gasSaveExport
Value, all time
$2.6 M
Jul 2003 – May 2026
Value, last 12 filed months
$42 k
at the published price for each month
Months reported
275
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 16 leases and 16 wells, and the rule below applies to all of them.

Discovered
1978-07-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1998-05-01.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 05/01/98.

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
OilDisposition23,923 bbl$1,618,367
Casinghead gasProduction192,513 Mcf$974,953
Total$2,593,321

Wells on this lease (1)

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 31.0581, -101.0380. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.05807, -101.03797 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,568 ft
1 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.
1100.0%

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

The one well that filed a depth was drilled to 8,568 ft.

Completions filed
May 1990
1 of 1 wells

1 well

42-1053580218,568 ftMay 1990

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 (275)

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

275 months

May 202600106.413.05$0
Apr 202627098.932.87$2,671
Mar 20262784189.753.15$5,072
Feb 20263179863.503.75$4,961
Jan 20262776559.138.00$7,715
Dec 202585056.664.41$4,816
Nov 202520058.593.93$1,172
Oct 202565059.383.30$3,860
Sep 202522062.743.08$1,380
Aug 202544063.933.01$2,813
Jul 202548066.743.32$3,204
Jun 202570066.483.13$4,654
May 20257046560.553.23$5,742
Apr 20257130862.363.54$5,519
Mar 202514016867.704.27$10,195
Feb 20254911270.884.34$3,959
Jan 20257255874.324.28$7,739
Dec 20247267368.993.12$7,068
Nov 20245595469.052.20$5,895
Oct 20245574071.372.28$5,614
Sep 20243767669.612.36$4,174
Aug 20243765275.632.06$4,144
Jul 20247431379.932.15$6,587
Jun 20243739078.082.63$3,916
May 20243646678.812.20$3,862
Apr 20247138684.451.66$6,636
Mar 20247440980.301.55$6,574
Feb 2024040476.091.78$721
Jan 202411060773.023.30$10,034
Dec 2023031771.262.61$828
Nov 202310970677.892.81$10,472
Oct 20233769785.443.09$5,313
Sep 20237379989.042.74$8,685
Aug 2023095380.522.67$2,547
Jul 20237145874.852.64$6,524
Jun 20234940068.962.26$4,282
May 20235238070.622.23$4,519
Apr 20238223978.122.24$6,941
Mar 20238223572.852.39$6,536
Feb 20236440875.112.47$5,813
Jan 20235543976.533.39$5,696
Dec 20225613476.415.73$5,047
Nov 20223814685.005.65$4,054
Oct 20227217687.185.86$7,309
Sep 20225414584.888.16$5,767
Aug 20223417194.529.13$4,774
Jul 202200101.587.54$0
Jun 202227144115.097.98$4,256
May 202223143109.378.43$3,721
Apr 202238129104.226.84$4,842
Mar 20224243108.885.08$4,791
Feb 2022153991.054.86$1,555
Jan 20225411181.844.54$4,923
Dec 20215512571.323.90$4,410
Nov 20213518277.435.24$3,663
Oct 20215718079.795.71$5,577
Sep 20213616269.865.35$3,382
Aug 20213917566.024.22$3,313
Jul 20215018070.783.98$4,256
Jun 20211125069.493.38$1,610
May 20212820563.483.02$2,396
Apr 20211418360.362.76$1,350
Mar 20211418361.302.72$1,355
Feb 20211420757.805.55$1,958
Jan 20212317950.412.81$1,662
Dec 20202520144.642.68$1,654
Nov 20201426738.772.71$1,265
Oct 20201917236.972.48$1,129
Sep 20201420237.091.99$921
Aug 20201319439.982.39$982
Jul 20202120638.371.83$1,182
Jun 20202719834.901.69$1,277
May 2020915616.921.81$435
Apr 20203815214.751.80$835
Mar 20205014430.341.86$1,784
Feb 20201315949.881.98$963
Jan 20206513757.252.09$4,008
Dec 20194326059.012.30$3,137
Nov 20194829755.302.75$3,471
Oct 20192938953.472.42$2,491
Sep 20191721155.052.66$1,497
Aug 201910725753.112.30$6,275
Jul 20198024456.272.46$5,102
Jun 20191637052.782.49$1,766
May 20198443158.482.74$6,093
Apr 201970062.632.75$4,384
Mar 2019564956.803.06$3,331
Feb 20198222750.852.79$4,804
Jan 20195958646.033.23$4,607
Dec 20186076546.594.19$5,997
Nov 20185969752.934.24$6,076
Oct 20184984961.443.40$5,896
Sep 20183278359.543.11$4,339
Aug 201815678159.403.07$11,661
Jul 20183383765.142.93$4,604
Jun 20184984060.183.08$5,533
May 20184882765.382.90$5,537
Apr 20184879263.842.90$5,362
Mar 20183281161.222.79$4,219
Feb 20186576561.782.77$6,132
Jan 20184878162.874.01$6,149
Dec 20174984857.272.92$5,284
Nov 20173185555.423.12$4,384
Oct 20174993149.292.98$5,193
Sep 20172875847.523.09$3,671
Aug 20175686345.373.00$5,134
Jul 20174197443.873.09$4,806
Jun 20171031,29642.493.09$8,378
May 20171501,01145.373.26$10,105
Apr 20174428147.933.21$3,011
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160733.011.79$13
Feb 201604826.472.06$99
Jan 201606027.352.36$142
Dec 201503132.362.00$62
Nov 201503238.792.17$69
Oct 20153869443.552.43$3,339
Sep 20153771442.992.76$3,560
Aug 20157064540.162.87$4,664
Jul 20157574848.152.95$5,814
Jun 201515179856.152.88$10,779
May 201511395855.212.96$9,070
Apr 201511263949.822.71$7,309
Mar 201515082242.892.93$8,846
Feb 201511471744.662.98$7,225
Jan 20157647743.433.10$4,780
Dec 201414780354.693.59$10,923
Nov 20147482470.464.25$8,718
Oct 20147484078.303.90$9,071
Sep 201410884486.164.05$12,720
Aug 20147185089.394.04$9,777
Jul 201414784096.564.18$17,705
Jun 20147787198.164.74$11,684
May 201415194694.734.73$18,776
Apr 201411489095.944.81$15,217
Mar 201415087095.895.06$18,783
Feb 20147780297.406.19$12,466
Jan 201415388790.404.86$18,143
Dec 20137585291.824.35$10,597
Nov 201311283288.853.74$13,061
Oct 201311592797.423.78$14,707
Sep 2013114862104.113.72$15,073
Aug 2013151914104.253.52$18,961
Jul 2013114895102.523.72$15,015
Jun 201318690594.403.93$21,118
May 201311597294.834.15$14,938
Apr 201315379893.964.28$17,793
Mar 20137888993.623.91$10,781
Feb 201311778291.233.42$13,348
Jan 20137793191.603.42$10,237
Dec 20123980386.773.42$6,130
Nov 20127891786.953.62$10,106
Oct 201211398189.383.40$13,435
Sep 20127780094.672.92$9,624
Aug 201214495892.662.91$16,129
Jul 201215199585.133.02$15,860
Jun 201211495679.822.52$11,508
May 201214995391.612.49$16,021
Apr 2012188933101.652.00$20,973
Mar 2012112954105.052.22$13,885
Feb 2012230842101.102.57$25,417
Jan 201215988198.092.73$18,005
Dec 20113985696.873.24$6,551
Nov 20117884295.723.31$10,254
Oct 201115489284.983.65$16,341
Sep 201111487583.623.99$13,020
Aug 20117795883.404.15$10,397
Jul 201115178594.144.52$17,761
Jun 201111699892.904.64$15,407
May 201111590898.134.40$15,285
Apr 2011113900105.964.33$15,873
Mar 20111461,00296.364.06$18,134
Feb 201114593085.644.18$16,305
Jan 20111591,01886.504.59$18,425
Dec 20101231,00285.734.35$14,901
Nov 201015498580.843.80$16,188
Oct 20101901,04878.103.51$18,516
Sep 20101141,03172.633.98$12,383
Aug 20101501,00773.684.42$15,502
Jul 20101511,06572.554.74$15,999
Jun 20101501,07070.364.91$15,808
May 201014897771.124.24$14,664
Apr 20101061,06981.694.12$13,066
Mar 2010881,06278.394.39$11,559
Feb 20101881,02373.585.44$19,401
Jan 20101121,17074.365.96$15,306
Dec 20091911,24471.445.48$20,467
Nov 200911891974.593.75$12,249
Oct 20091471,02072.544.11$14,856
Sep 20097699065.543.06$8,015
Aug 20091801,23667.423.22$16,114
Jul 2009981,23661.133.46$10,273
Jun 20097246866.163.90$6,586
May 20091051,01554.743.93$9,732
Apr 20091531,05546.773.59$10,941
Mar 20091551,07542.144.06$10,895
Feb 20091531,01232.814.63$9,709
Jan 20091141,08435.865.37$9,910
Dec 20081521,22737.105.98$12,973
Nov 200814484055.496.86$13,753
Oct 200813884475.246.92$16,225
Sep 200887729101.767.88$14,596
Aug 200856956114.228.48$14,506
Jul 200883979131.0811.39$22,030
Jun 2008105970131.3313.03$26,431
May 2008101973123.1711.57$23,702
Apr 200883963110.3110.45$19,224
Mar 20081172,343101.909.66$34,565
Feb 20084284392.538.77$11,280
Jan 20081251,27790.388.21$21,776
Dec 20071401,18888.337.30$21,041
Nov 20071301,09291.677.29$19,880
Oct 2007621,42982.856.92$15,028
Sep 2007801,36475.846.24$14,584
Aug 2007541,08969.066.39$10,686
Jul 20071511,29870.906.39$18,997
Jun 20072321,41962.007.55$25,095
May 20071831,55258.747.85$22,927
Apr 20071081,57159.617.81$18,700
Mar 20072431,74056.927.30$26,537
Feb 20072151,83355.108.22$26,906
Jan 20071111,17750.306.73$13,501
Dec 20061461,21756.656.92$16,691
Nov 20061171,45854.207.62$17,448
Oct 20061871,98454.906.01$22,198
Sep 20061602,30660.085.04$21,229
Aug 20063611,36268.717.34$34,801
Jul 20063312,25969.376.34$37,290
Jun 20062894966.286.38$7,914
May 20062798866.016.42$8,130
Apr 20064486464.397.36$9,193
Mar 20062886656.707.08$7,721
Feb 20065374457.597.75$8,819
Jan 20064792860.598.93$11,138
Dec 20058984754.9413.42$16,253
Nov 200517884854.6910.59$18,714
Oct 200517297558.3413.80$23,485
Sep 20053390561.4512.08$12,959
Aug 20058893961.519.80$14,612
Jul 20056697255.697.84$11,300
Jun 20052997752.337.38$8,729
May 20055693745.226.65$8,764
Apr 20054894149.207.36$9,288
Mar 20059594050.377.15$11,511
Feb 200526388445.226.31$17,473
Jan 20058297843.166.32$9,722
Dec 20049389339.866.75$9,736
Nov 20046186445.286.33$8,232
Oct 20046092649.706.52$9,015
Sep 20047290943.245.28$7,916
Aug 2004351,16342.375.55$7,938
Jul 20048274438.286.08$7,666
Jun 2004331,03936.106.43$7,875
May 20044421,19837.486.49$24,347
Apr 20042291,28734.475.86$15,433
Mar 20041901,90234.365.53$17,047
Feb 200416182632.455.51$9,775
Jan 200419651732.036.30$9,535
Dec 20032411,49530.266.30$16,714
Nov 20032701,16128.804.60$13,111
Oct 20038041,52228.174.76$29,893
Sep 20032433826.314.75$2,237
Aug 20034848229.765.13$3,901
Jul 20037130529.415.17$3,665

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.

Apr 2026 — as filed, then multipliedworked
Oil                   27 bbl  × $ 98.93 =     $2,671
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $2,671

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/15434 is the state's own key, not one this site invented.