UNIVERSITY 10-18

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 16780District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$23.6 M
Oct 2008 – Oct 2014
Value, last 12 filed months
$10.3 M
at the published price for each month
Months reported
73
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
OilDisposition228,903 bbl$22,014,602
Casinghead gasProduction367,379 Mcf$1,564,175
Total$23,578,777

Wells on this lease (5)

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 31.2788, -101.4759. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.4 miles.

31.27654, -101.47512 · 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
40.0%
2 of 5 wells
With a plug date
40.0%
2 of 5 wells
Median depth
7,648 ft
5 wells filed one
Completion to plug
4.0 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
240.0%
A plug date is filed
240.0%
BothOn the schedule and plugged. Neither fact cancels the other.
240.0%
NeitherNo plug date, and not on the schedule.
360.0%

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 1,218 and 8,500 ft, median 7,648 ft, over the 5 wells that filed a depth.

Completions filed
Oct 2008 – Jun 2013
5 of 5 wells
Plug dates filed
Mar 2014 – Aug 2014
2 of 5 wells; 3 filed none

Last completion to plug: a median of 4.0 years across the 2 wells that filed both dates, with the middle half between 3.0 years and 4.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-383382613H7,622 ftJun 2013
42-383381371H7,655 ftMay 2013
42-383381382H7,648 ftMay 2013
42-383376676RW1,218 ftFeb 2012Mar 2014Yes
42-3833634818,500 ftOct 2008Aug 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 (73)

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

73 months

Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20149,42717,49996.564.18$983,410
Jun 20149,11517,75698.164.74$978,836
May 20149,64218,65094.734.73$1,001,537
Apr 20149,75717,81095.944.81$1,021,737
Mar 201411,55224,04595.895.06$1,229,312
Feb 201411,27219,29497.406.19$1,217,361
Jan 201413,06324,70290.404.86$1,300,965
Dec 201316,64713,51791.824.35$1,587,387
Nov 201310,48022,01688.853.74$1,013,450
Oct 201316,78130,85697.423.78$1,751,421
Sep 201317,98232,842104.113.72$1,994,204
Aug 201322,81733,382104.253.52$2,496,264
Jul 201328,63933,229102.523.72$3,059,607
Jun 201322,88217,14094.403.93$2,227,479
May 20138,9456,26494.834.15$874,244
Apr 2013639093.964.28$2,234
Mar 201318351293.623.91$19,136
Feb 2013052191.233.42$1,782
Jan 201318157691.603.42$18,549
Dec 2012030886.773.42$1,053
Nov 2012012086.953.62$435
Oct 201217144589.383.40$16,797
Sep 2012054994.672.92$1,602
Aug 201217549092.662.91$17,641
Jul 2012212485.133.02$545
Jun 201218414679.822.52$15,055
May 2012030891.612.49$766
Apr 2012177227101.652.00$18,445
Mar 2012187426105.052.22$20,591
Feb 20120512101.102.57$1,316
Jan 201218928198.092.73$19,307
Dec 2011052196.873.24$1,688
Nov 201118860595.723.31$19,999
Oct 201117946984.983.65$16,923
Sep 2011522983.623.99$1,331
Aug 201118413383.404.15$15,897
Jul 201117921994.144.52$17,840
Jun 2011066492.904.64$3,081
May 201118881698.134.40$22,043
Apr 2011185816105.964.33$23,139
Mar 201118684296.364.06$21,339
Feb 2011065085.644.18$2,717
Jan 201118380086.504.59$19,501
Dec 201036980385.734.35$35,126
Nov 2010080880.843.80$3,067
Oct 2010184078.103.51$3,026
Sep 201036183372.633.98$29,534
Aug 2010035673.684.42$1,573
Jul 201036755672.554.74$29,259
Jun 2010074570.364.91$3,658
May 201035859871.124.24$27,994
Apr 2010164181.694.12$2,724
Mar 201036681878.394.39$32,281
Feb 2010077273.585.44$4,202
Jan 201037188774.365.96$32,878
Dec 200937392671.445.48$31,725
Nov 2009296274.593.75$3,758
Oct 200936797972.544.11$30,646
Sep 200936097265.543.06$26,573
Aug 200901,05767.423.22$3,402
Jul 20093641,14361.133.46$26,211
Jun 20093611,15766.163.90$28,390
May 20093601,28554.743.93$24,751
Apr 20093621,46146.773.59$22,172
Mar 20097401,78242.144.06$38,417
Feb 20093702,42532.814.63$23,375
Jan 20091,1171,90235.865.37$50,271
Dec 2008097037.105.98$5,798
Nov 20080055.496.86$0
Oct 20080075.246.92$0

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 2014 — as filed, then multipliedworked
Oil                9,427 bbl  × $ 96.56 =   $910,271
Casinghead gas    17,499 Mcf  × $  4.18 =    $73,139

────────────────────────────────────────────────────
Month total                                 $983,410

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/16780 is the state's own key, not one this site invented.