UNIVERSITY 48

Name: UNIVERSITY 48 lease production and value, Oct 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 18110District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$98.5 M

Oct 2012 – Jun 2020

Value, last 12 filed months

$3.9 M

at the published price for each month

Months reported

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	1,130,117 bbl	$78,693,260
Casinghead gas	Production	6,150,690 Mcf	$19,761,998
Total			$98,455,258

Wells on this lease (16)

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 31.1128, -101.3614. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.1 miles.

31.12355, -101.35813 · 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%

16 of 16 wells

With a plug date

6.3%

1 of 16 wells

Median depth

6,754 ft

16 wells filed one

Completion to plug

4.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

16100.0%

A plug date is filed

16.3%

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

16.3%

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, 16 of 16 wells. Median 6,754 ft, with the middle half between 3,217 and 7,030 ft; the shallowest is 940 ft and the deepest 7,079 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, 16 of 16 wells, Oct 2012 – Sep 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

Oct 2012 – Sep 2023

16 of 16 wells

Plug dates filed

Jun 2018

1 of 16 wells; 15 filed none

Last completion to plug: a median of 4.8 years across the 1 well that filed both dates, with the middle half between 4.8 years and 4.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells


42-38338510	0301D	3,964 ft	Sep 2023	—	Yes
42-38338054	0705H	7,044 ft	Dec 2022	—	Yes
42-38338302	0712H	6,760 ft	Oct 2021	—	Yes
42-38337759	0702H	6,760 ft	Apr 2021	—	Yes
42-38338027	0702UH	975 ft	Aug 2014	—	Yes
42-38337802	0703H	6,735 ft	Dec 2013	—	Yes
42-38338301	0704H	7,049 ft	Nov 2013	—	Yes
42-38338296	0714H	7,042 ft	Nov 2013	—	Yes
42-38338297	0713H	6,747 ft	Nov 2013	—	Yes
42-38338318	0715H	6,744 ft	Nov 2013	—	Yes
42-38338056	0706H	7,079 ft	Oct 2013	—	Yes
42-38338182	0707H	945 ft	Aug 2013	—	Yes
42-38338339	0716H	940 ft	Aug 2013	Jun 2018	Yes
42-38338207	0708H	942 ft	Aug 2013	—	Yes
42-38337767	0301H	6,913 ft	Feb 2013	—	Yes
42-38337672	0701H	7,026 ft	Oct 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 (93)

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

93 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	6,923	66,692	49.88	1.98	$477,414
Jan 2020	6,423	71,538	57.25	2.09	$517,570
Dec 2019	4,762	68,935	59.01	2.30	$439,857
Nov 2019	5,604	71,066	55.30	2.75	$505,382
Oct 2019	6,337	71,529	53.47	2.42	$511,835
Sep 2019	4,365	74,699	55.05	2.66	$438,789
Aug 2019	5,399	77,244	53.11	2.30	$464,739
Jul 2019	5,610	77,683	56.27	2.46	$506,780
Jun 2019	5,941	77,281	52.78	2.49	$506,088
May 2019	5,138	80,795	58.48	2.74	$521,874
Apr 2019	6,128	76,487	62.63	2.75	$594,189
Mar 2019	6,370	81,355	56.80	3.06	$610,933
Feb 2019	5,946	67,302	50.85	2.79	$490,276
Jan 2019	5,813	75,977	46.03	3.23	$512,840
Dec 2018	8,020	74,870	46.59	4.19	$687,016
Nov 2018	6,433	77,010	52.93	4.24	$666,809
Oct 2018	4,807	62,265	61.44	3.40	$506,924
Sep 2018	6,082	81,207	59.54	3.11	$614,514
Aug 2018	6,478	87,315	59.40	3.07	$652,550
Jul 2018	6,974	86,761	65.14	2.93	$708,659
Jun 2018	5,562	83,811	60.18	3.08	$592,601
May 2018	8,130	90,211	65.38	2.90	$793,223
Apr 2018	7,006	74,991	63.84	2.90	$664,797
Mar 2018	6,809	77,671	61.22	2.79	$633,304
Feb 2018	7,855	68,614	61.78	2.77	$675,076
Jan 2018	8,250	82,749	62.87	4.01	$850,445
Dec 2017	7,722	80,407	57.27	2.92	$677,150
Nov 2017	7,279	82,736	55.42	3.12	$661,403
Oct 2017	8,443	73,912	49.29	2.98	$636,685
Sep 2017	6,258	36,260	47.52	3.09	$409,325
Aug 2017	8,176	78,713	45.37	3.00	$607,430
Jul 2017	8,378	91,420	43.87	3.09	$649,782
Jun 2017	7,639	78,156	42.49	3.09	$565,871
May 2017	8,578	81,789	45.37	3.26	$656,094
Apr 2017	9,141	69,652	47.93	3.21	$661,822
Mar 2017	9,120	69,992	46.77	2.98	$635,376
Feb 2017	8,604	69,479	50.45	2.95	$639,216
Jan 2017	9,757	71,546	49.41	3.42	$726,695
Dec 2016	11,132	68,409	48.76	3.72	$797,471
Nov 2016	8,897	69,992	42.49	2.64	$563,117
Oct 2016	10,934	76,877	46.19	3.09	$742,611
Sep 2016	8,065	44,938	41.55	3.10	$474,437
Aug 2016	9,405	68,735	41.44	2.92	$590,748
Jul 2016	9,828	78,434	41.62	2.92	$638,409
Jun 2016	10,777	76,179	45.35	2.69	$693,341
May 2016	11,909	81,997	42.52	1.99	$669,630
Apr 2016	10,469	80,254	36.56	1.99	$542,536
Mar 2016	12,661	81,441	33.01	1.79	$564,046
Feb 2016	10,533	74,779	26.47	2.06	$433,125
Jan 2016	14,588	84,640	27.35	2.36	$599,101
Dec 2015	12,643	75,602	32.36	2.00	$560,438
Nov 2015	10,395	83,007	38.79	2.17	$583,126
Oct 2015	13,472	81,831	43.55	2.43	$785,275
Sep 2015	13,069	77,702	42.99	2.76	$776,171
Aug 2015	13,560	79,004	40.16	2.87	$771,508
Jul 2015	13,624	79,710	48.15	2.95	$890,748
Jun 2015	16,170	75,958	56.15	2.88	$1,126,922
May 2015	13,975	77,329	55.21	2.96	$1,000,102
Apr 2015	18,108	71,281	49.82	2.71	$1,095,068
Mar 2015	16,022	69,637	42.89	2.93	$891,548
Feb 2015	15,089	88,994	44.66	2.98	$938,738
Jan 2015	18,708	65,359	43.43	3.10	$1,015,143
Dec 2014	19,191	88,252	54.69	3.59	$1,366,500
Nov 2014	18,317	84,833	70.46	4.25	$1,651,312
Oct 2014	20,898	95,241	78.30	3.90	$2,007,845
Sep 2014	21,182	93,199	86.16	4.05	$2,202,072
Aug 2014	23,231	106,419	89.39	4.04	$2,506,033
Jul 2014	27,138	104,682	96.56	4.18	$3,057,974
Jun 2014	25,223	87,006	98.16	4.74	$2,888,027
May 2014	31,679	120,422	94.73	4.73	$3,570,133
Apr 2014	33,611	100,681	95.94	4.81	$3,708,826
Mar 2014	41,337	124,060	95.89	5.06	$4,591,152
Feb 2014	42,205	98,245	97.40	6.19	$4,719,100
Jan 2014	52,695	53,027	90.40	4.86	$5,021,377
Dec 2013	40,469	24,756	91.82	4.35	$3,823,663
Nov 2013	11,718	23,190	88.85	3.74	$1,127,835
Oct 2013	12,858	28,259	97.42	3.78	$1,359,427
Sep 2013	10,832	34,178	104.11	3.72	$1,254,784
Aug 2013	13,614	39,319	104.25	3.52	$1,557,765
Jul 2013	13,632	38,289	102.52	3.72	$1,539,901
Jun 2013	16,859	38,252	94.40	3.93	$1,741,950
May 2013	19,864	25,493	94.83	4.15	$1,989,476
Apr 2013	11,168	17,828	93.96	4.28	$1,125,695
Mar 2013	14,442	17,358	93.62	3.91	$1,419,980
Feb 2013	12,996	11,344	91.23	3.42	$1,224,421
Jan 2013	6,968	5,762	91.60	3.42	$657,974
Dec 2012	7,994	4,889	86.77	3.42	$710,361
Nov 2012	8,407	3,335	86.95	3.62	$743,078
Oct 2012	5,296	162	89.38	3.40	$473,907

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                6,923 bbl  × $ 49.88 =   $345,319
Casinghead gas    66,692 Mcf  × $  1.98 =   $132,095

────────────────────────────────────────────────────
Month total                                 $477,414

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/18110 is the state's own key, not one this site invented.