UNIVERSITY 43-15

Name: UNIVERSITY 43-15 lease production and value, Jan 2012 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 17793District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$80.5 M

Jan 2012 – Jun 2020

Value, last 12 filed months

$3.3 M

at the published price for each month

Months reported

102

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	889,171 bbl	$57,681,901
Casinghead gas	Production	7,580,141 Mcf	$22,857,843
Total			$80,539,744

Wells on this lease (10)

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 31.1310, -101.2936. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.12763, -101.29317 · 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%

10 of 10 wells

With a plug date

0.0%

0 of 10 wells

Median depth

6,984 ft

10 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

10100.0%

A plug date is filed

00.0%

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

00.0%

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

Total depth in feet, 10 of 10 wells. Median 6,984 ft, with the middle half between 6,773 and 7,080 ft; the shallowest is 6,594 ft and the deepest 7,175 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, 10 of 10 wells, Jan 2012 – Feb 2015. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Jan 2012 – Feb 2015

10 of 10 wells

10 wells


42-38339223	9H	6,594 ft	Feb 2015	—	Yes
42-38339225	11H	6,902 ft	Feb 2015	—	Yes
42-38339224	10H	6,752 ft	Jan 2015	—	Yes
42-38338274	7H	7,098 ft	Jun 2014	—	Yes
42-38338273	6H	7,073 ft	Jun 2014	—	Yes
42-38338269	4H	7,082 ft	Mar 2014	—	Yes
42-38338271	5H	7,065 ft	Mar 2014	—	Yes
42-38338267	2H	6,770 ft	Feb 2014	—	Yes
42-38338268	3H	6,783 ft	Feb 2014	—	Yes
42-38337393	1H	7,175 ft	Jan 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 (102)

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

102 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	3,889	81,610	49.88	1.98	$355,626
Jan 2020	4,117	83,791	57.25	2.09	$411,219
Dec 2019	3,745	89,206	59.01	2.30	$426,555
Nov 2019	3,626	86,688	55.30	2.75	$438,970
Oct 2019	3,757	90,277	53.47	2.42	$419,225
Sep 2019	3,778	86,909	55.05	2.66	$438,920
Aug 2019	3,298	81,246	53.11	2.30	$362,377
Jul 2019	3,892	83,846	56.27	2.46	$425,269
Jun 2019	4,087	81,447	52.78	2.49	$418,613
May 2019	3,637	78,434	58.48	2.74	$427,626
Apr 2019	3,368	68,135	62.63	2.75	$398,357
Mar 2019	4,300	89,001	56.80	3.06	$516,770
Feb 2019	3,951	79,956	50.85	2.79	$424,163
Jan 2019	4,214	90,144	46.03	3.23	$484,971
Dec 2018	4,374	92,294	46.59	4.19	$590,076
Nov 2018	4,028	0	52.93	4.24	$213,202
Oct 2018	4,029	0	61.44	3.40	$247,542
Sep 2018	4,423	95,034	59.54	3.11	$558,711
Aug 2018	4,454	98,119	59.40	3.07	$565,455
Jul 2018	4,620	100,599	65.14	2.93	$595,891
Jun 2018	4,629	98,406	60.18	3.08	$581,361
May 2018	4,888	98,696	65.38	2.90	$605,875
Apr 2018	4,731	92,986	63.84	2.90	$571,761
Mar 2018	5,288	100,076	61.22	2.79	$602,627
Feb 2018	4,569	91,433	61.78	2.77	$535,187
Jan 2018	5,819	102,662	62.87	4.01	$777,445
Dec 2017	5,613	107,399	57.27	2.92	$635,225
Nov 2017	5,933	110,139	55.42	3.12	$672,260
Oct 2017	5,352	108,984	49.29	2.98	$588,973
Sep 2017	6,215	102,683	47.52	3.09	$612,348
Aug 2017	5,596	105,099	45.37	3.00	$569,650
Jul 2017	6,440	111,892	43.87	3.09	$627,965
Jun 2017	5,661	108,150	42.49	3.09	$574,425
May 2017	6,456	115,505	45.37	3.26	$669,848
Apr 2017	7,629	112,370	47.93	3.21	$726,545
Mar 2017	7,200	110,249	46.77	2.98	$665,692
Feb 2017	6,958	92,669	50.45	2.95	$624,646
Jan 2017	8,268	101,484	49.41	3.42	$755,475
Dec 2016	7,791	145,297	48.76	3.72	$920,805
Nov 2016	7,945	227,919	42.49	2.64	$940,281
Oct 2016	8,048	119,286	46.19	3.09	$740,362
Sep 2016	8,371	113,163	41.55	3.10	$698,692
Aug 2016	8,687	119,876	41.44	2.92	$710,547
Jul 2016	8,771	118,544	41.62	2.92	$711,712
Jun 2016	9,233	112,954	45.35	2.69	$722,092
May 2016	9,253	119,585	42.52	1.99	$631,536
Apr 2016	10,160	123,065	36.56	1.99	$616,477
Mar 2016	11,173	122,879	33.01	1.79	$589,267
Feb 2016	11,132	113,345	26.47	2.06	$528,566
Jan 2016	12,115	120,186	27.35	2.36	$615,508
Dec 2015	12,880	125,060	32.36	2.00	$667,093
Nov 2015	12,591	131,301	38.79	2.17	$772,977
Oct 2015	14,292	147,845	43.55	2.43	$981,174
Sep 2015	15,230	141,952	42.99	2.76	$1,046,301
Aug 2015	16,466	143,461	40.16	2.87	$1,073,365
Jul 2015	18,413	147,645	48.15	2.95	$1,321,412
Jun 2015	19,299	138,742	56.15	2.88	$1,483,613
May 2015	24,312	147,371	55.21	2.96	$1,777,813
Apr 2015	29,277	138,524	49.82	2.71	$1,833,505
Mar 2015	40,201	96,940	42.89	2.93	$2,008,712
Feb 2015	22,968	41,067	44.66	2.98	$1,147,974
Jan 2015	0	5,734	43.43	3.10	$17,779
Dec 2014	14,664	81,875	54.69	3.59	$1,096,017
Nov 2014	18,519	89,104	70.46	4.25	$1,683,705
Oct 2014	24,048	123,351	78.30	3.90	$2,364,146
Sep 2014	25,712	113,623	86.16	4.05	$2,675,001
Aug 2014	33,188	122,241	89.39	4.04	$3,459,932
Jul 2014	42,146	107,182	96.56	4.18	$4,517,596
Jun 2014	27,912	56,915	98.16	4.74	$3,009,441
May 2014	25,696	73,545	94.73	4.73	$2,781,797
Apr 2014	50,563	101,674	95.94	4.81	$5,339,977
Mar 2014	43,921	42,470	95.89	5.06	$4,426,347
Feb 2014	831	490	97.40	6.19	$83,973
Jan 2014	1,625	101,674	90.40	4.86	$641,109
Dec 2013	2,234	8,862	91.82	4.35	$243,715
Nov 2013	1,931	900	88.85	3.74	$174,934
Oct 2013	1,396	5,946	97.42	3.78	$158,470
Sep 2013	1,956	12,817	104.11	3.72	$251,289
Aug 2013	1,172	2,733	104.25	3.52	$131,808
Jul 2013	2,834	16,383	102.52	3.72	$351,449
Jun 2013	717	100	94.40	3.93	$68,078
May 2013	737	294	94.83	4.15	$71,110
Apr 2013	1,647	4,397	93.96	4.28	$173,583
Mar 2013	2,092	4,389	93.62	3.91	$213,027
Feb 2013	2,403	5,621	91.23	3.42	$238,449
Jan 2013	2,176	5,937	91.60	3.42	$219,626
Dec 2012	883	5,162	86.77	3.42	$94,273
Nov 2012	1,402	7,293	86.95	3.62	$148,341
Oct 2012	1,898	10,608	89.38	3.40	$205,707
Sep 2012	2,685	9,071	94.67	2.92	$280,662
Aug 2012	2,109	9,707	92.66	2.91	$223,649
Jul 2012	2,748	9,392	85.13	3.02	$262,309
Jun 2012	2,773	15,341	79.82	2.52	$259,985
May 2012	3,648	8,531	91.61	2.49	$355,421
Apr 2012	4,405	15,813	101.65	2.00	$479,344
Mar 2012	5,779	12,516	105.05	2.22	$634,896
Feb 2012	5,201	4,218	101.10	2.57	$536,662
Jan 2012	80	607	98.09	2.73	$9,507

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                3,889 bbl  × $ 49.88 =   $193,983
Casinghead gas    81,610 Mcf  × $  1.98 =   $161,642

────────────────────────────────────────────────────
Month total                                 $355,626

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/17793 is the state's own key, not one this site invented.