UNIVERSITY "3-32"

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 16718District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$39.0 M
Aug 2008 – May 2026
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
214
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 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.

StreamBasisVolumeValue
OilDisposition507,837 bbl$36,581,963
Casinghead gasProduction687,976 Mcf$2,399,761
Total$38,981,724

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 31.2174, -101.7967. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.4 miles.

31.21315, -101.79969 · 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
50.0%
2 of 4 wells
With a plug date
50.0%
2 of 4 wells
Median depth
8,343 ft
4 wells filed one
Completion to plug
2.9 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 1,489 and 8,578 ft, median 8,343 ft, over the 4 wells that filed a depth.

Completions filed
Feb 2012 – May 2016
4 of 4 wells
Plug dates filed
Mar 2014 – Jan 2020
2 of 4 wells; 2 filed none

Last completion to plug: a median of 2.9 years across the 2 wells that filed both dates, with the middle half between 2.5 years and 3.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-4613593618,578 ftMay 2016Jan 2020Yes
42-461380735H8,355 ftOct 2012
42-461377234H8,330 ftMay 2012
42-461378063WS1,489 ftFeb 2012Mar 2014Yes

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 (214)

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

214 months

May 20262,0032,605106.413.05$221,074
Apr 20261,8111,90298.932.87$184,620
Mar 20261,6171,74889.753.15$150,631
Feb 20261,8711,88863.503.75$125,889
Jan 20261,7742,06959.138.00$121,444
Dec 20251,9312,44856.664.41$120,214
Nov 20251,9551,69958.593.93$121,214
Oct 20251,3451,64259.383.30$85,293
Sep 20251,3331,47762.743.08$88,177
Aug 20252,2083,38663.933.01$151,365
Jul 20252,0603,23566.743.32$148,209
Jun 20251,6682,72366.483.13$119,408
May 20251,8492,96460.553.23$121,538
Apr 20251,5381,88462.363.54$102,585
Mar 20252,0062,94967.704.27$148,393
Feb 20252,0383,13170.884.34$158,045
Jan 20252,0003,23574.324.28$162,482
Dec 20241,2801,28668.993.12$92,321
Nov 20241,0581,09469.052.20$75,460
Oct 20241,0681,58671.372.28$79,841
Sep 20241,3402,39569.612.36$98,940
Aug 20242,5623,75575.632.06$201,513
Jul 20243,3934,77379.932.15$281,448
Jun 20242,8104,72278.082.63$231,842
May 20243,0334,85478.812.20$249,702
Apr 20242,3584,20784.451.66$206,113
Mar 20242,5434,64680.301.55$211,382
Feb 20242,4582,92576.091.78$192,246
Jan 20243,3523,41773.023.30$256,031
Dec 20233,7753,45971.262.61$278,037
Nov 20234,1623,54577.892.81$334,131
Oct 20233,4003,51085.443.09$301,332
Sep 20231,3961,56789.042.74$128,586
Aug 20239851,32680.522.67$82,856
Jul 20231,2212,08174.852.64$96,889
Jun 20231,6621,82168.962.26$118,724
May 20232,1672,30370.622.23$158,163
Apr 20232,4233,20778.122.24$196,461
Mar 20232,1013,15872.852.39$160,615
Feb 20231,1172,23775.112.47$89,414
Jan 20231,0691,60676.533.39$87,251
Dec 20221,2391,61276.415.73$103,907
Nov 20221,2641,90585.005.65$118,196
Oct 20221,1471,67987.185.86$109,841
Sep 20227431,80084.888.16$77,760
Aug 20227121,76194.529.13$83,371
Jul 20221,0443,223101.587.54$130,358
Jun 20221,4693,908115.097.98$200,242
May 20228091,363109.378.43$99,975
Apr 20221,1641,703104.226.84$132,957
Mar 20221,4171,768108.885.08$163,258
Feb 20221,3382,16391.054.86$132,335
Jan 20221,6545,99181.844.54$162,549
Dec 20211,5365,96971.323.90$132,821
Nov 20211,8349,63977.435.24$192,485
Oct 20211,8776,61879.795.71$187,580
Sep 20211,5304,14169.865.35$129,044
Aug 20211,9123,11566.024.22$139,377
Jul 20212,0072,39170.783.98$151,577
Jun 20212,6101,49669.493.38$186,426
May 20212,5302,23563.483.02$167,349
Apr 20212,5441,54260.362.76$157,809
Mar 20212,84274861.302.72$176,247
Feb 202140619057.805.55$24,521
Jan 202172698750.412.81$39,371
Dec 20201,4992,23244.642.68$72,887
Nov 20201,7582,15238.772.71$73,982
Oct 20201,9002,31336.972.48$75,976
Sep 20201,9612,14437.091.99$77,002
Aug 20201,9072,44539.982.39$82,073
Jul 20201,7062,95238.371.83$70,847
Jun 20201,3952,26734.901.69$52,517
May 20201,4532,14116.921.81$28,470
Apr 20202,0282,48214.751.80$34,391
Mar 20202,3893,08730.341.86$78,212
Feb 20201,7651,86049.881.98$91,722
Jan 20201,3962,72057.252.09$85,619
Dec 20191,5674,03859.012.30$101,774
Nov 20191,5834,34555.302.75$99,492
Oct 20191,7895,71853.472.42$109,487
Sep 20192,0502,87255.052.66$120,484
Aug 20192,8282,91453.112.30$156,910
Jul 20191,06979456.272.46$62,106
Jun 20191,05782452.782.49$57,841
May 20191,7242,48258.482.74$107,621
Apr 20191,8562,32262.632.75$122,628
Mar 20192,0652,74456.803.06$125,694
Feb 20191,8862,84150.852.79$103,836
Jan 20192,0592,72846.033.23$103,582
Dec 20182,1092,39346.594.19$108,274
Nov 20181,9212,69852.934.24$113,111
Oct 20182,1002,71861.443.40$138,260
Sep 20182,0492,63759.543.11$130,193
Aug 20182,4062,91659.403.07$151,858
Jul 20182,1642,42565.142.93$148,073
Jun 20182,1592,53360.183.08$137,722
May 20182,3172,64065.382.90$159,144
Apr 20182,4522,34163.842.90$163,326
Mar 20182,3342,70161.222.79$150,415
Feb 20182,1112,40861.782.77$137,078
Jan 20182,4792,86862.874.01$167,353
Dec 20172,4293,12357.272.92$148,233
Nov 20172,5883,50255.423.12$154,347
Oct 20172,3873,19849.292.98$127,197
Sep 20172,1423,26447.523.09$111,865
Aug 20172,5822,11545.373.00$123,500
Jul 20172,4402,95243.873.09$116,156
Jun 20172,3973,48842.493.09$112,617
May 20172,9423,80145.373.26$145,883
Apr 20172,5523,33147.933.21$133,015
Mar 20172,6243,17346.772.98$132,192
Feb 20172,7782,33050.452.95$147,030
Jan 20172,6923,44249.413.42$144,779
Dec 20162,2443,69648.763.72$123,177
Nov 20162,6813,94342.492.64$124,342
Oct 20162,6604,29846.193.09$136,147
Sep 20162,5123,94441.553.10$116,602
Aug 20162,7584,00541.442.92$126,004
Jul 20163,0214,08741.622.92$137,686
Jun 20162,5474,05445.352.69$126,395
May 20162,7794,02142.521.99$126,169
Apr 20162,7434,09736.561.99$108,441
Mar 20163,1044,26933.011.79$110,122
Feb 20163,0044,15826.472.06$88,096
Jan 20163,4835,26627.352.36$107,711
Dec 20153,5684,60132.362.00$124,669
Nov 20151,3823,18338.792.17$60,506
Oct 20153,2315,45143.552.43$153,937
Sep 20152,8615,80442.992.76$139,004
Aug 20152,9807,28040.162.87$140,589
Jul 20152,9997,28548.152.95$165,857
Jun 20152,9697,00256.152.88$186,895
May 20153,4727,55555.212.96$214,018
Apr 20153,2517,70549.822.71$182,819
Mar 20153,4394,44242.892.93$160,535
Feb 20153,2434,06844.662.98$156,940
Jan 20154,3314,81043.433.10$203,009
Dec 20143,9934,90154.693.59$235,978
Nov 20143,9154,87870.464.25$296,591
Oct 20143,7186,19078.303.90$315,266
Sep 20143,7077,12486.164.05$348,215
Aug 20143,9017,73989.394.04$379,938
Jul 20143,4138,90096.564.18$366,758
Jun 20143,33213,32898.164.74$390,202
May 20143,68113,18894.734.73$411,035
Apr 20144,16112,73995.944.81$460,470
Mar 20145,0074,54395.895.06$503,094
Feb 20144,9143,53397.406.19$500,500
Jan 20145,5675,35990.404.86$529,305
Dec 20135,4995,78591.824.35$530,109
Nov 20135,2275,43688.853.74$484,740
Oct 20135,4587,05297.423.78$558,370
Sep 20136,1367,959104.113.72$668,408
Aug 20136,48910,286104.253.52$712,712
Jul 20136,77810,336102.523.72$733,307
Jun 20137,1459,31094.403.93$711,108
May 20137,2849,48794.834.15$730,104
Apr 20137,85710,34793.964.28$782,556
Mar 20138,5489,97193.623.91$839,279
Feb 20139,27911,27091.233.42$885,066
Jan 201312,10710,01491.603.42$1,143,248
Dec 201215,4408,91086.773.42$1,370,202
Nov 201215,2667,54186.953.62$1,354,715
Oct 201212,5594,32389.383.40$1,137,220
Sep 20124,3093,71794.672.92$418,781
Aug 20126,5265,39292.662.91$620,380
Jul 20127,9405,80985.133.02$693,480
Jun 20128,93411,26479.822.52$741,486
May 20124714391.612.49$4,662
Apr 2012114207101.652.00$12,001
Mar 201261207105.052.22$6,868
Feb 2012141184101.102.57$14,728
Jan 201220722498.092.73$20,917
Dec 20118623596.873.24$9,092
Nov 20117621895.723.31$7,997
Oct 201112623284.983.65$11,554
Sep 201111621283.623.99$10,545
Aug 20117324683.404.15$7,109
Jul 201122722894.144.52$22,400
Jun 201112123092.904.64$12,308
May 201120425398.134.40$21,133
Apr 201176230105.964.33$9,050
Mar 201112524596.364.06$13,039
Feb 20114320485.644.18$4,535
Jan 201110723086.504.59$10,311
Dec 20109424385.734.35$9,115
Nov 20108523080.843.80$7,744
Oct 20105225178.103.51$4,942
Sep 201011725572.633.98$9,512
Aug 201012320173.684.42$9,951
Jul 201014624172.554.74$11,734
Jun 201016624670.364.91$12,888
May 201025726671.124.24$19,404
Apr 20108224381.694.12$7,700
Mar 201025425878.394.39$21,043
Feb 201016122873.585.44$13,087
Jan 201015824174.365.96$13,186
Dec 200923224971.445.48$17,940
Nov 200914524574.593.75$11,735
Oct 200924023772.544.11$18,384
Sep 200917728265.543.06$12,465
Aug 200925828967.423.22$18,325
Jul 200924631861.133.46$16,140
Jun 200927921266.163.90$19,284
May 200919830154.743.93$12,020
Apr 200927926046.773.59$13,982
Mar 200925828942.144.06$12,045
Feb 200927125932.814.63$10,091
Jan 200924834535.865.37$10,746
Dec 200835430937.105.98$14,980
Nov 200852433855.496.86$31,396
Oct 200852734575.246.92$42,040
Sep 2008600462101.767.88$64,695
Aug 200866124114.228.48$8,590

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 2026 — as filed, then multipliedworked
Oil                2,003 bbl  × $106.41 =   $213,139
Casinghead gas     2,605 Mcf  × $  3.05 =     $7,934

────────────────────────────────────────────────────
Month total                                 $221,074

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/16718 is the state's own key, not one this site invented.