UNIVERSITY "3-16"

Name: UNIVERSITY "3-16" lease production and value, Aug 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) 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 16382District 7CField 85279200OilCasinghead gasSave Export

Value, all time

$7.7 M

Aug 2007 – Nov 2021

Value, last 12 filed months

$353

at the published price for each month

Months reported

172

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	95,481 bbl	$6,979,670
Casinghead gas	Production	198,689 Mcf	$743,185
Total			$7,722,854

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 31.2662, -101.8183. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.26816, -101.81615 · 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

10,292 ft

4 wells filed one

Completion to plug

8.3 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 10,207 and 10,379 ft, median 10,292 ft, over the 4 wells that filed a depth.

Completions filed

Feb 2008 – Aug 2011

4 of 4 wells

Plug dates filed

Sep 2014 – Oct 2021

4 of 4 wells

Last completion to plug: a median of 8.3 years across the 4 wells that filed both dates, with the middle half between 7.8 years and 8.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-46137026	4	10,300 ft	Aug 2011	Jan 2020	Yes
42-46137093	3	10,379 ft	Jun 2011	Oct 2021	Yes
42-46135969	2	10,207 ft	Jan 2009	Mar 2017	Yes
42-46135332	1	10,284 ft	Feb 2008	Sep 2014	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 (172)

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

172 months


Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	7	70.78	3.98	$28
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	15	63.48	3.02	$45
Apr 2021	0	19	60.36	2.76	$52
Mar 2021	0	24	61.30	2.72	$65
Feb 2021	0	13	57.80	5.55	$72
Jan 2021	0	15	50.41	2.81	$42
Dec 2020	0	18	44.64	2.68	$48
Nov 2020	0	15	38.77	2.71	$41
Oct 2020	0	13	36.97	2.48	$32
Sep 2020	1	12	37.09	1.99	$61
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	10	38.37	1.83	$18
Jun 2020	0	11	34.90	1.69	$19
May 2020	0	27	16.92	1.81	$49
Apr 2020	19	141	14.75	1.80	$535
Mar 2020	151	441	30.34	1.86	$5,400
Feb 2020	126	360	49.88	1.98	$6,998
Jan 2020	148	379	57.25	2.09	$9,267
Dec 2019	167	365	59.01	2.30	$10,696
Nov 2019	178	378	55.30	2.75	$10,883
Oct 2019	152	436	53.47	2.42	$9,182
Sep 2019	136	444	55.05	2.66	$8,667
Aug 2019	154	446	53.11	2.30	$9,207
Jul 2019	179	434	56.27	2.46	$11,140
Jun 2019	167	416	52.78	2.49	$9,851
May 2019	231	498	58.48	2.74	$14,874
Apr 2019	195	440	62.63	2.75	$13,423
Mar 2019	287	493	56.80	3.06	$17,811
Feb 2019	295	525	50.85	2.79	$16,467
Jan 2019	319	644	46.03	3.23	$16,763
Dec 2018	321	652	46.59	4.19	$17,684
Nov 2018	345	745	52.93	4.24	$21,418
Oct 2018	398	762	61.44	3.40	$27,042
Sep 2018	278	410	59.54	3.11	$17,826
Aug 2018	391	159	59.40	3.07	$23,713
Jul 2018	207	233	65.14	2.93	$14,167
Jun 2018	346	155	60.18	3.08	$21,299
May 2018	406	291	65.38	2.90	$27,388
Apr 2018	548	787	63.84	2.90	$37,267
Mar 2018	858	1,008	61.22	2.79	$55,336
Feb 2018	815	899	61.78	2.77	$52,837
Jan 2018	800	873	62.87	4.01	$53,796
Dec 2017	467	613	57.27	2.92	$28,536
Nov 2017	341	1,232	55.42	3.12	$22,740
Oct 2017	513	453	49.29	2.98	$26,637
Sep 2017	974	1,705	47.52	3.09	$51,548
Aug 2017	890	1,871	45.37	3.00	$46,001
Jul 2017	797	1,592	43.87	3.09	$39,879
Jun 2017	667	1,614	42.49	3.09	$33,324
May 2017	638	1,388	45.37	3.26	$33,476
Apr 2017	421	1,171	47.93	3.21	$23,939
Mar 2017	393	688	46.77	2.98	$20,433
Feb 2017	349	1,086	50.45	2.95	$20,814
Jan 2017	625	1,666	49.41	3.42	$36,577
Dec 2016	681	1,477	48.76	3.72	$38,704
Nov 2016	609	1,552	42.49	2.64	$29,980
Oct 2016	687	1,843	46.19	3.09	$37,428
Sep 2016	647	1,699	41.55	3.10	$32,151
Aug 2016	654	1,524	41.44	2.92	$31,558
Jul 2016	569	1,643	41.62	2.92	$28,486
Jun 2016	554	1,632	45.35	2.69	$29,507
May 2016	555	1,658	42.52	1.99	$26,900
Apr 2016	604	1,579	36.56	1.99	$25,226
Mar 2016	667	1,634	33.01	1.79	$24,949
Feb 2016	568	1,478	26.47	2.06	$18,085
Jan 2016	668	1,584	27.35	2.36	$22,015
Dec 2015	642	1,558	32.36	2.00	$23,893
Nov 2015	619	1,556	38.79	2.17	$27,383
Oct 2015	596	1,887	43.55	2.43	$30,535
Sep 2015	552	1,743	42.99	2.76	$28,538
Aug 2015	719	1,793	40.16	2.87	$34,025
Jul 2015	678	2,172	48.15	2.95	$39,042
Jun 2015	673	1,939	56.15	2.88	$43,379
May 2015	635	1,892	55.21	2.96	$40,650
Apr 2015	716	1,837	49.82	2.71	$40,643
Mar 2015	884	2,050	42.89	2.93	$43,931
Feb 2015	635	1,807	44.66	2.98	$33,737
Jan 2015	754	1,896	43.43	3.10	$38,625
Dec 2014	575	1,865	54.69	3.59	$38,145
Nov 2014	786	1,727	70.46	4.25	$62,724
Oct 2014	743	1,952	78.30	3.90	$65,792
Sep 2014	780	1,354	86.16	4.05	$72,682
Aug 2014	801	1,428	89.39	4.04	$77,364
Jul 2014	758	1,393	96.56	4.18	$79,015
Jun 2014	616	1,715	98.16	4.74	$68,590
May 2014	594	1,588	94.73	4.73	$63,775
Apr 2014	543	1,131	95.94	4.81	$57,535
Mar 2014	664	1,539	95.89	5.06	$71,453
Feb 2014	664	1,564	97.40	6.19	$74,358
Jan 2014	821	1,687	90.40	4.86	$82,418
Dec 2013	873	1,514	91.82	4.35	$86,752
Nov 2013	696	839	88.85	3.74	$64,976
Oct 2013	918	2,169	97.42	3.78	$97,629
Sep 2013	834	1,855	104.11	3.72	$93,724
Aug 2013	851	2,320	104.25	3.52	$96,889
Jul 2013	999	2,228	102.52	3.72	$110,701
Jun 2013	659	1,344	94.40	3.93	$67,496
May 2013	719	1,933	94.83	4.15	$76,203
Apr 2013	718	1,930	93.96	4.28	$75,729
Mar 2013	712	1,578	93.62	3.91	$72,832
Feb 2013	887	1,688	91.23	3.42	$86,694
Jan 2013	905	1,729	91.60	3.42	$88,811
Dec 2012	966	1,878	86.77	3.42	$90,243
Nov 2012	839	1,764	86.95	3.62	$79,345
Oct 2012	897	2,050	89.38	3.40	$87,143
Sep 2012	969	2,047	94.67	2.92	$97,709
Aug 2012	962	2,194	92.66	2.91	$95,519
Jul 2012	977	2,220	85.13	3.02	$89,878
Jun 2012	905	1,946	79.82	2.52	$77,139
May 2012	1,029	2,262	91.61	2.49	$99,895
Apr 2012	1,082	2,412	101.65	2.00	$114,802
Mar 2012	1,292	2,386	105.05	2.22	$141,026
Feb 2012	1,444	2,286	101.10	2.57	$151,864
Jan 2012	1,363	2,608	98.09	2.73	$140,827
Dec 2011	1,811	3,960	96.87	3.24	$188,261
Nov 2011	1,653	3,502	95.72	3.31	$169,821
Oct 2011	1,971	4,372	84.98	3.65	$183,447
Sep 2011	2,626	3,672	83.62	3.99	$234,222
Aug 2011	3,504	4,619	83.40	4.15	$311,399
Jul 2011	1,802	2,802	94.14	4.52	$182,298
Jun 2011	838	1,281	92.90	4.64	$83,794
May 2011	188	549	98.13	4.40	$20,867
Apr 2011	228	560	105.96	4.33	$26,586
Mar 2011	286	595	96.36	4.06	$29,973
Feb 2011	284	588	85.64	4.18	$26,780
Jan 2011	331	658	86.50	4.59	$31,651
Dec 2010	347	668	85.73	4.35	$32,653
Nov 2010	337	723	80.84	3.80	$29,987
Oct 2010	365	824	78.10	3.51	$31,398
Sep 2010	319	712	72.63	3.98	$26,002
Aug 2010	372	762	73.68	4.42	$30,777
Jul 2010	311	756	72.55	4.74	$26,144
Jun 2010	371	802	70.36	4.91	$30,042
May 2010	369	851	71.12	4.24	$29,847
Apr 2010	385	765	81.69	4.12	$34,605
Mar 2010	344	810	78.39	4.39	$30,521
Feb 2010	365	772	73.58	5.44	$31,058
Jan 2010	410	729	74.36	5.96	$34,835
Dec 2009	418	765	71.44	5.48	$34,057
Nov 2009	463	802	74.59	3.75	$37,544
Oct 2009	548	910	72.54	4.11	$43,492
Sep 2009	568	987	65.54	3.06	$40,252
Aug 2009	580	1,105	67.42	3.22	$42,660
Jul 2009	603	1,161	61.13	3.46	$40,884
Jun 2009	552	1,153	66.16	3.90	$41,011
May 2009	532	1,197	54.74	3.93	$33,821
Apr 2009	782	1,128	46.77	3.59	$40,621
Mar 2009	1,046	1,287	42.14	4.06	$49,302
Feb 2009	1,165	1,915	32.81	4.63	$47,096
Jan 2009	1,322	1,767	35.86	5.37	$56,897
Dec 2008	460	519	37.10	5.98	$20,168
Nov 2008	303	530	55.49	6.86	$20,449
Oct 2008	288	373	75.24	6.92	$24,251
Sep 2008	194	230	101.76	7.88	$21,553
Aug 2008	279	1,084	114.22	8.48	$41,063
Jul 2008	247	867	131.08	11.39	$42,251
Jun 2008	306	387	131.33	13.03	$45,231
May 2008	341	652	123.17	11.57	$49,547
Apr 2008	660	735	110.31	10.45	$80,489
Mar 2008	676	2,250	101.90	9.66	$90,629
Feb 2008	194	493	92.53	8.77	$22,275
Jan 2008	117	405	90.38	8.21	$13,898
Dec 2007	158	454	88.33	7.30	$17,271
Nov 2007	129	418	91.67	7.29	$14,873
Oct 2007	181	481	82.85	6.92	$18,325
Sep 2007	281	1,209	75.84	6.24	$28,860
Aug 2007	171	445	69.06	6.39	$14,652

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 2021 — as filed, then multipliedworked

Oil                    0 bbl  × $ 70.78 =         $0
Casinghead gas         7 Mcf  × $  3.98 =        $28

────────────────────────────────────────────────────
Month total                                      $28

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/16382 is the state's own key, not one this site invented.