UNIVERSITY "3-10"

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 17514District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$9.1 M
Jun 2011 – Jan 2015
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
44
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
OilDisposition87,366 bbl$8,145,402
Casinghead gasProduction259,649 Mcf$949,320
Total$9,094,722

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 31.2830, -101.8317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.28280, -101.83295 · 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
80.0%
4 of 5 wells
With a plug date
80.0%
4 of 5 wells
Median depth
10,313 ft
5 wells filed one
Completion to plug
18 months
median over 4 wells

What the state filed about each well

On the RRC proration schedule
480.0%
A plug date is filed
480.0%
BothOn the schedule and plugged. Neither fact cancels the other.
480.0%
NeitherNo plug date, and not on the schedule.
120.0%

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 10,278 and 10,803 ft, median 10,313 ft, over the 5 wells that filed a depth.

Completions filed
Jun 2011 – Sep 2024
5 of 5 wells
Plug dates filed
Oct 2019 – Jul 2026
4 of 5 wells; 1 filed none

Last completion to plug: a median of 18 months across the 4 wells that filed both dates, with the middle half between 14 months and 4.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-46137603210,278 ftSep 2024Feb 2026Yes
42-46138100710,330 ftJul 2024Feb 2026Yes
42-46137605310,303 ftJun 2019Oct 2019Yes
42-46137974410,803 ftAug 2012Jul 2026Yes
42-46137025110,313 ftJun 2011

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 (44)

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

44 months

Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20142,1626,63786.164.05$213,128
Aug 20141,8844,96889.394.04$188,457
Jul 20141,6956,10996.564.18$189,202
Jun 20141,8056,32898.164.74$207,154
May 20141,9186,34994.734.73$211,701
Apr 20141,4414,82595.944.81$161,454
Mar 20142,0645,98695.895.06$228,187
Feb 20141,7605,96897.406.19$208,378
Jan 20142,2746,93090.404.86$239,254
Dec 20132,3747,05191.824.35$248,684
Nov 20131,6486,71188.853.74$171,512
Oct 20131,4478,17197.423.78$171,848
Sep 20131,4797,606104.113.72$182,256
Aug 20131,3557,243104.253.52$166,773
Jul 20131,6717,608102.523.72$199,595
Jun 20131,5516,83694.403.93$173,303
May 20131,5477,38194.834.15$177,326
Apr 20131,8707,33793.964.28$207,127
Mar 20132,4957,40693.623.91$262,561
Feb 20132,4045,93291.233.42$239,604
Jan 20134,16610,51291.603.42$417,556
Dec 20123,59110,61686.773.42$347,899
Nov 20124,55513,64886.953.62$445,531
Oct 20125,88311,76189.383.40$565,806
Sep 20123,6958,75494.672.92$375,353
Aug 20121,8285,17592.662.91$184,432
Jul 20121,8615,70385.133.02$175,655
Jun 20121,9586,79879.822.52$173,412
May 20122,6687,44991.612.49$262,951
Apr 20123,0618,417101.652.00$327,958
Mar 20123,9399,648105.052.22$435,231
Feb 20123,0457,488101.102.57$327,095
Jan 20121,9004,78698.092.73$199,456
Dec 20111,1272,03696.873.24$115,769
Nov 20111,1242,26995.723.31$115,103
Oct 20111,1802,11184.983.65$107,978
Sep 20111,4012,91883.623.99$128,782
Aug 20111,7193,56683.404.15$158,161
Jul 20111,6852,36094.144.52$169,287
Jun 201113625292.904.64$13,804

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 2014 — as filed, then multipliedworked
Oil                2,162 bbl  × $ 86.16 =   $186,278
Casinghead gas     6,637 Mcf  × $  4.05 =    $26,850

────────────────────────────────────────────────────
Month total                                 $213,128

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/17514 is the state's own key, not one this site invented.