UNIVERSITY "7-17"

Operated by MEXTEX OPERATING COMPANY (P-5 562580) in the GRIERSON SPRING (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16514District 7CField 36953100OilCasinghead gasSaveExport
Value, all time
$4.3 M
Dec 2007 – Aug 2020
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
153
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 2 leases and 3 wells, and the rule below applies to all of them.

Discovered
1994-03-19
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition38,963 bbl$3,735,776
Casinghead gasProduction115,284 Mcf$543,320
Total$4,279,096

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 31.0976, -101.6670. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.09759, -101.66699 · 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
9,019 ft
2 wells filed one
Completion to plug
8.8 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 8,998 and 9,040 ft, median 9,019 ft, over the 2 wells that filed a depth.

Completions filed
Dec 2007 – Jun 2013
2 of 2 wells
Plug dates filed
May 2019 – Jun 2019
2 of 2 wells

Last completion to plug: a median of 8.8 years across the 2 wells that filed both dates, with the middle half between 7.3 years and 10.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3833731029,040 ftJun 2013Jun 2019Yes
42-3833573918,998 ftDec 2007May 2019Yes

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 (153)

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

153 months

Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020121016.921.81$2,047
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170949.292.98$27
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 2017021945.373.26$715
Apr 201701947.933.21$61
Mar 201701046.772.98$30
Feb 201703050.452.95$89
Jan 20170049.413.42$0
Dec 2016019648.763.72$730
Nov 2016010842.492.64$286
Oct 2016013346.193.09$411
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016019642.521.99$390
Apr 2016017436.561.99$346
Mar 2016017433.011.79$312
Feb 201605426.472.06$111
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 2015026038.792.17$564
Oct 201508043.552.43$194
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 2015012455.212.96$366
Apr 20150049.822.71$0
Mar 2015019442.892.93$569
Feb 2015019644.662.98$583
Jan 2015051143.433.10$1,584
Dec 201408654.693.59$309
Nov 201403370.464.25$140
Oct 201402378.303.90$90
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 201410096.564.18$966
Jun 20140098.164.74$0
May 2014145094.734.73$13,736
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 2013013997.423.78$525
Sep 201302,485104.113.72$9,239
Aug 201301,172104.253.52$4,129
Jul 201302,925102.523.72$10,874
Jun 20137292,06294.403.93$76,928
May 20135491,86094.834.15$59,779
Apr 20130093.964.28$0
Mar 201302,27793.623.91$8,910
Feb 2013413091.233.42$37,678
Jan 201301,27291.603.42$4,350
Dec 20121851,71586.773.42$21,918
Nov 20121811,42086.953.62$20,885
Oct 20121852,20189.383.40$24,018
Sep 201218390394.672.92$19,960
Aug 20120092.662.91$0
Jul 20125342,34685.133.02$52,546
Jun 20123722,14379.822.52$35,091
May 20121861,38291.612.49$20,478
Apr 20121772,129101.652.00$22,243
Mar 20123592,116105.052.22$42,415
Feb 2012559950101.102.57$58,957
Jan 20123761,53398.092.73$41,073
Dec 201118945596.873.24$19,783
Nov 201156097895.723.31$56,842
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 2011185094.144.52$17,416
Jun 2011045292.904.64$2,097
May 20111851,72398.134.40$25,744
Apr 20115262,784105.964.33$67,799
Mar 201102,83396.364.06$11,494
Feb 20113671,48485.644.18$37,633
Jan 20113341,68886.504.59$36,637
Dec 20107421,14385.734.35$68,581
Nov 201001,19480.843.80$4,532
Oct 201022,06578.103.51$7,402
Sep 20103652,03472.633.98$34,604
Aug 20103652,08373.684.42$36,099
Jul 20103632,19672.554.74$36,737
Jun 20103711,61170.364.91$34,014
May 20103531,47471.124.24$31,348
Apr 20103661,75681.694.12$37,138
Mar 20103622,18878.394.39$37,980
Feb 20103711,61473.585.44$36,082
Jan 20105491,07474.365.96$47,229
Dec 200918158171.445.48$16,117
Nov 20095432,05274.593.75$48,200
Oct 20093612,02172.544.11$34,494
Sep 20093582,84165.543.06$32,170
Aug 20093623,14667.423.22$34,531
Jul 20093603,25761.133.46$33,291
Jun 20095313,04666.163.90$46,995
May 20093572,63754.743.93$29,894
Apr 20097112,61146.773.59$42,620
Mar 20095571,97742.144.06$31,497
Feb 200904032.814.63$185
Jan 2009175035.865.37$6,276
Dec 20083407337.105.98$13,050
Nov 200818815255.496.86$11,475
Oct 200889384875.246.92$73,059
Sep 20085294,862101.767.88$92,129
Aug 20081,4213,167114.228.48$189,172
Jul 20082,8911,747131.0811.39$398,850
Jun 20082,9581,748131.3313.03$411,255
May 20082,5600123.1711.57$315,315
Apr 20081,9960110.3110.45$220,179
Mar 20082,17664101.909.66$222,353
Feb 20082,5553,26292.538.77$265,024
Jan 20084,1416,26090.388.21$425,631
Dec 2007020488.337.30$1,490

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.

May 2020 — as filed, then multipliedworked
Oil                  121 bbl  × $ 16.92 =     $2,047
Casinghead gas         0 Mcf  × $  1.81 =         $0

────────────────────────────────────────────────────
Month total                                   $2,047

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/16514 is the state's own key, not one this site invented.