UNIVERSITY 9-31

Name: UNIVERSITY 9-31 lease production and value, Oct 2011 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABLE PERMIAN RESOURCES, LLC (P-5 742251) in the LIN (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17728District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$87.8 M

Oct 2011 – Jun 2020

Value, last 12 filed months

$20.9 M

at the published price for each month

Months reported

105

no gaps in the span

Streams

oil, casinghead gas

The LIN (WOLFCAMP) field

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 515 leases and 2,325 wells, and the rule below applies to all of them.

Discovered

1984-10-08

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 40 acres. The field rule took effect on 2014-04-21.

The Commission's schedule remark for this field reads: “PER DOCKET NO. 7C-0317412, LIN (WOLFCAMP) IS A UFT FIELD. PDD”

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.

Stream	Basis	Volume	Value
Oil	Disposition	1,271,043 bbl	$82,597,997
Casinghead gas	Production	1,721,017 Mcf	$5,166,635
Total			$87,764,631

Wells on this lease (14)

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 31.2443, -101.5762. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.0 miles.

31.22969, -101.57731 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

14 of 14 wells

With a plug date

7.1%

1 of 14 wells

Median depth

8,219 ft

14 wells filed one

Completion to plug

4.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

14100.0%

A plug date is filed

17.1%

BothOn the schedule and plugged. Neither fact cancels the other.

17.1%

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

Total depth in feet, 14 of 14 wells. Median 8,219 ft, with the middle half between 8,011 and 8,422 ft; the shallowest is 7,643 ft and the deepest 8,585 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 14 of 14 wells, Sep 2012 – Oct 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Sep 2012 – Oct 2023

14 of 14 wells

Plug dates filed

Jun 2017

1 of 14 wells; 13 filed none

Last completion to plug: a median of 4.3 years across the 1 well that filed both dates, with the middle half between 4.3 years and 4.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

14 wells


42-38338084	7H	8,247 ft	Oct 2023	—	Yes
42-38338086	9H	7,837 ft	Sep 2023	—	Yes
42-38338404	8HR	7,956 ft	Aug 2023	—	Yes
42-38337374	1H	8,310 ft	Nov 2022	—	Yes
42-38340478	0628HK	8,546 ft	Aug 2021	—	Yes
42-38340476	0633HK	8,585 ft	Mar 2021	—	Yes
42-38340477	0632HA	8,174 ft	Jun 2019	—	Yes
42-38339908	10H	7,643 ft	Dec 2017	—	Yes
42-38338081	4H	8,218 ft	Jan 2014	—	Yes
42-38338082	5H	8,213 ft	Nov 2013	—	Yes
42-38338083	6H	8,459 ft	May 2013	—	Yes
42-38338085	8H	8,475 ft	Mar 2013	Jun 2017	Yes
42-38337910	3H	8,220 ft	Oct 2012	—	Yes
42-38337870	2H	7,876 ft	Sep 2012	—	Yes

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 (105)

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

105 months


Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	26,867	31,100	49.88	1.98	$1,401,725
Jan 2020	31,989	40,084	57.25	2.09	$1,915,336
Dec 2019	67,839	40,895	59.01	2.30	$4,097,416
Nov 2019	35,713	36,077	55.30	2.75	$2,074,166
Oct 2019	42,286	41,520	53.47	2.42	$2,361,450
Sep 2019	38,857	41,617	55.05	2.66	$2,249,666
Aug 2019	57,224	61,000	53.11	2.30	$3,179,733
Jul 2019	62,487	47,780	56.27	2.46	$3,633,685
Jun 2019	38,218	28,540	52.78	2.49	$2,088,245
May 2019	382	361	58.48	2.74	$23,329
Apr 2019	5,430	3,775	62.63	2.75	$350,465
Mar 2019	9,970	14,184	56.80	3.06	$609,729
Feb 2019	10,747	17,827	50.85	2.79	$596,262
Jan 2019	11,810	15,194	46.03	3.23	$592,663
Dec 2018	12,905	21,714	46.59	4.19	$692,127
Nov 2018	12,416	0	52.93	4.24	$657,179
Oct 2018	13,297	0	61.44	3.40	$816,968
Sep 2018	13,735	17,406	59.54	3.11	$871,880
Aug 2018	13,043	23,096	59.40	3.07	$845,579
Jul 2018	14,776	28,184	65.14	2.93	$1,045,141
Jun 2018	15,076	26,869	60.18	3.08	$989,947
May 2018	14,007	26,608	65.38	2.90	$992,962
Apr 2018	16,028	27,674	63.84	2.90	$1,103,504
Mar 2018	18,531	33,116	61.22	2.79	$1,226,757
Feb 2018	20,340	24,823	61.78	2.77	$1,325,269
Jan 2018	14,464	4,340	62.87	4.01	$926,752
Dec 2017	2,132	4,460	57.27	2.92	$135,130
Nov 2017	933	4,192	55.42	3.12	$64,779
Oct 2017	3,316	4,254	49.29	2.98	$176,138
Sep 2017	5,202	7,298	47.52	3.09	$269,730
Aug 2017	6,289	9,027	45.37	3.00	$312,453
Jul 2017	4,617	8,159	43.87	3.09	$227,737
Jun 2017	5,004	6,995	42.49	3.09	$234,215
May 2017	4,804	9,240	45.37	3.26	$248,111
Apr 2017	6,058	10,574	47.93	3.21	$324,319
Mar 2017	6,251	10,871	46.77	2.98	$324,795
Feb 2017	5,832	9,386	50.45	2.95	$321,938
Jan 2017	6,824	11,565	49.41	3.42	$376,712
Dec 2016	6,477	9,880	48.76	3.72	$352,600
Nov 2016	6,429	12,298	42.49	2.64	$305,688
Oct 2016	6,863	25,193	46.19	3.09	$394,855
Sep 2016	6,231	26,848	41.55	3.10	$342,144
Aug 2016	7,584	29,327	41.44	2.92	$400,043
Jul 2016	7,073	28,334	41.62	2.92	$377,237
Jun 2016	6,955	23,191	45.35	2.69	$377,696
May 2016	7,779	26,505	42.52	1.99	$383,536
Apr 2016	7,252	25,997	36.56	1.99	$316,894
Mar 2016	7,963	33,619	33.01	1.79	$323,171
Feb 2016	8,297	30,264	26.47	2.06	$282,075
Jan 2016	7,490	30,345	27.35	2.36	$276,598
Dec 2015	8,109	26,254	32.36	2.00	$314,952
Nov 2015	9,273	29,229	38.79	2.17	$423,049
Oct 2015	9,090	26,997	43.55	2.43	$461,380
Sep 2015	7,651	28,635	42.99	2.76	$407,904
Aug 2015	10,403	25,012	40.16	2.87	$489,631
Jul 2015	9,222	17,224	48.15	2.95	$494,765
Jun 2015	9,790	19,244	56.15	2.88	$605,186
May 2015	11,171	17,570	55.21	2.96	$668,678
Apr 2015	9,244	14,205	49.82	2.71	$498,983
Mar 2015	10,063	12,791	42.89	2.93	$469,140
Feb 2015	7,968	16,494	44.66	2.98	$404,940
Jan 2015	12,233	18,933	43.43	3.10	$589,983
Dec 2014	8,259	23,639	54.69	3.59	$536,581
Nov 2014	12,265	31,296	70.46	4.25	$997,257
Oct 2014	15,551	27,869	78.30	3.90	$1,326,359
Sep 2014	12,020	19,910	86.16	4.05	$1,116,188
Aug 2014	14,654	21,129	89.39	4.04	$1,395,179
Jul 2014	15,509	20,161	96.56	4.18	$1,581,814
Jun 2014	16,128	14,832	98.16	4.74	$1,653,382
May 2014	15,397	15,692	94.73	4.73	$1,532,727
Apr 2014	20,271	17,889	95.94	4.81	$2,030,830
Mar 2014	20,406	16,782	95.89	5.06	$2,041,595
Feb 2014	19,764	12,748	97.40	6.19	$2,003,949
Jan 2014	8,784	8,028	90.40	4.86	$833,095
Dec 2013	11,027	10,936	91.82	4.35	$1,060,120
Nov 2013	10,660	11,605	88.85	3.74	$990,524
Oct 2013	12,165	12,544	97.42	3.78	$1,232,523
Sep 2013	14,518	16,611	104.11	3.72	$1,573,224
Aug 2013	14,474	15,289	104.25	3.52	$1,562,772
Jul 2013	12,591	12,413	102.52	3.72	$1,336,978
Jun 2013	20,476	18,019	94.40	3.93	$2,003,811
May 2013	30,355	10,477	94.83	4.15	$2,922,035
Apr 2013	3,708	2,686	93.96	4.28	$359,907
Mar 2013	9,406	6,925	93.62	3.91	$907,686
Feb 2013	9,663	9,019	91.23	3.42	$912,400
Jan 2013	11,081	9,043	91.60	3.42	$1,045,946
Dec 2012	14,144	10,458	86.77	3.42	$1,263,043
Nov 2012	19,455	12,691	86.95	3.62	$1,737,617
Oct 2012	4,421	2,354	89.38	3.40	$403,152
Sep 2012	3,196	3,811	94.67	2.92	$313,687
Aug 2012	1,116	1,734	92.66	2.91	$108,451
Jul 2012	652	1,224	85.13	3.02	$59,202
Jun 2012	846	2,141	79.82	2.52	$72,921
May 2012	452	1,245	91.61	2.49	$44,506
Apr 2012	1,157	4,002	101.65	2.00	$125,600
Mar 2012	1,241	2,675	105.05	2.22	$136,311
Feb 2012	1,550	1,460	101.10	2.57	$160,458
Jan 2012	2,337	3,545	98.09	2.73	$238,929
Dec 2011	3,419	2,473	96.87	3.24	$339,210
Nov 2011	1,616	1,468	95.72	3.31	$159,544
Oct 2011	0	0	84.98	3.65	$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.

Feb 2020 — as filed, then multipliedworked

Oil               26,867 bbl  × $ 49.88 = $1,340,126
Casinghead gas    31,100 Mcf  × $  1.98 =    $61,599

────────────────────────────────────────────────────
Month total                               $1,401,725

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/17728 is the state's own key, not one this site invented.