UNIVERSITY "2-18"

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 17468District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$4.7 M
May 2011 – Nov 2023
Value, last 12 filed months
$303
at the published price for each month
Months reported
151
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
OilDisposition58,362 bbl$4,310,263
Casinghead gasProduction118,953 Mcf$375,960
Total$4,686,222

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 31.2497, -101.7625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.24967, -101.76249 · 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
10,388 ft
2 wells filed one
Completion to plug
12.1 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 10,383 and 10,392 ft, median 10,388 ft, over the 2 wells that filed a depth.

Completions filed
May 2011 – Dec 2011
2 of 2 wells
Plug dates filed
Sep 2023 – Oct 2023
2 of 2 wells

Last completion to plug: a median of 12.1 years across the 2 wells that filed both dates, with the middle half between 12.0 years and 12.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-38337360410,383 ftDec 2011Oct 2023Yes
42-38336436110,392 ftMay 2011Sep 2023Yes

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 (151)

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

151 months

Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 202302089.042.74$55
Aug 202305680.522.67$150
Jul 202302774.852.64$71
Jun 202301268.962.26$27
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202209101.587.54$68
Jun 2022015115.097.98$120
May 2022026109.378.43$219
Apr 2022018104.226.84$123
Mar 2022020108.885.08$102
Feb 202201591.054.86$73
Jan 20220881.844.54$36
Dec 20210871.323.90$31
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20211312466.024.22$1,382
Jul 202119955570.783.98$16,295
Jun 202113156769.493.38$11,020
May 202113057763.483.02$9,994
Apr 202116755060.362.76$11,597
Mar 202140754461.302.72$26,427
Feb 202119342357.805.55$13,502
Jan 202142170750.412.81$23,209
Dec 202036579444.642.68$18,418
Nov 202084280038.772.71$34,810
Oct 202030181136.972.48$13,138
Sep 202016271837.091.99$7,438
Aug 202028596639.982.39$13,698
Jul 202032990838.371.83$14,281
Jun 202020356734.901.69$8,043
May 202046581316.921.81$9,343
Apr 202029946614.751.80$5,251
Mar 202038454030.341.86$12,653
Feb 202039028149.881.98$20,010
Jan 202046250557.252.09$27,507
Dec 201925962559.012.30$16,724
Nov 201924563455.302.75$15,292
Oct 20199313853.472.42$5,306
Sep 201944861355.052.66$26,291
Aug 201942266053.112.30$23,933
Jul 201966298956.272.46$39,684
Jun 201962873152.782.49$34,967
May 20197711,01658.482.74$47,872
Apr 201949768762.632.75$33,017
Mar 201939470456.803.06$24,535
Feb 201939852550.852.79$21,704
Jan 201934264146.033.23$17,812
Dec 201836994946.594.19$21,164
Nov 201840279052.934.24$24,625
Oct 201845857161.443.40$30,080
Sep 201840139759.543.11$25,109
Aug 20182091,06759.403.07$15,687
Jul 201825562965.142.93$18,455
Jun 201828633960.183.08$18,255
May 201830193665.382.90$22,395
Apr 20182801,02063.842.90$20,834
Mar 20181441,00861.222.79$11,625
Feb 20183095161.782.77$4,484
Jan 20185593562.874.01$7,207
Dec 201710675857.272.92$8,285
Nov 2017641,00555.423.12$6,681
Oct 20171161,05149.292.98$8,853
Sep 201714098947.523.09$9,706
Aug 20171711,15645.373.00$11,231
Jul 201724089843.873.09$13,301
Jun 201723558142.493.09$11,779
May 20172791,02645.373.26$16,006
Apr 20172581,03247.933.21$15,680
Mar 201728696046.772.98$16,241
Feb 201725285750.452.95$15,244
Jan 201725870149.413.42$15,144
Dec 201622072148.763.72$13,411
Nov 201616682342.492.64$9,230
Oct 201621674146.193.09$12,267
Sep 201616575041.553.10$9,181
Aug 201625980741.442.92$13,093
Jul 201636472341.622.92$17,264
Jun 201623288845.352.69$12,906
May 201625885642.521.99$12,674
Apr 201628879236.561.99$12,106
Mar 201633787833.011.79$12,700
Feb 201631884326.472.06$10,157
Jan 201636789427.352.36$12,151
Dec 201539696532.362.00$14,746
Nov 201532395438.792.17$14,597
Oct 20153081,00943.552.43$15,862
Sep 201522599242.992.76$12,409
Aug 201517090940.162.87$9,438
Jul 20154051,04248.152.95$22,570
Jun 20154291,13456.152.88$27,358
May 20154471,13955.212.96$28,045
Apr 201549895949.822.71$27,406
Mar 201554697942.892.93$26,291
Feb 201540881444.662.98$20,644
Jan 201550565143.433.10$23,951
Dec 20145011,05654.693.59$31,192
Nov 201452895170.464.25$41,246
Oct 201451998078.303.90$44,461
Sep 201450288486.164.05$46,828
Aug 201455798189.394.04$53,749
Jul 20146411,22096.564.18$66,994
Jun 20145491,03898.164.74$58,807
May 201436589494.734.73$38,802
Apr 201456296395.944.81$58,549
Mar 20146221,06695.895.06$65,034
Feb 20145921,11197.406.19$64,540
Jan 201463495590.404.86$61,956
Dec 201345566691.824.35$44,678
Nov 20134341,02088.853.74$42,374
Oct 20135851,29097.423.78$61,866
Sep 20136211,174104.113.72$69,017
Aug 2013574635104.253.52$62,076
Jul 2013501952102.523.72$54,902
Jun 20136261,12594.403.93$63,519
May 20136341,15294.834.15$64,902
Apr 20136151,02693.964.28$62,179
Mar 20135961,17693.623.91$60,399
Feb 201353485191.233.42$51,627
Jan 20134851,06291.603.42$48,058
Dec 20128251,11886.773.42$75,409
Nov 20128321,18586.953.62$76,638
Oct 20127321,03389.383.40$68,938
Sep 20121,0121,40494.672.92$99,903
Aug 20121,1281,90192.662.91$110,049
Jul 20129781,49485.133.02$87,770
Jun 20121,0232,02179.822.52$86,747
May 20121,2892,16391.612.49$123,468
Apr 20121,5342,690101.652.00$161,302
Mar 20121,6433,149105.052.22$179,594
Feb 20121,4952,453101.102.57$157,449
Jan 20121,4632,13898.092.73$149,351
Dec 20111,1931,87196.873.24$121,627
Nov 20117301,38295.723.31$74,452
Oct 20117321,21684.983.65$66,642
Sep 201160472683.623.99$53,400
Aug 201174477683.404.15$65,269
Jul 20119031,31094.144.52$90,926
Jun 20119881,49092.904.64$98,699
May 201153092398.134.40$56,075

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.

Sep 2023 — as filed, then multipliedworked
Oil                    0 bbl  × $ 89.04 =         $0
Casinghead gas        20 Mcf  × $  2.74 =        $55

────────────────────────────────────────────────────
Month total                                      $55

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/17468 is the state's own key, not one this site invented.