UNIVERSITY 47-48

Name: UNIVERSITY 47-48 lease production and value, Dec 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 18123District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$50.7 M

Dec 2012 – Jun 2020

Value, last 12 filed months

$1.6 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	510,732 bbl	$38,329,750
Casinghead gas	Production	3,853,126 Mcf	$12,402,876
Total			$50,732,626

Wells on this lease (7)

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 31.0930, -101.3415. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.0 miles.

31.08772, -101.34296 · 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%

7 of 7 wells

With a plug date

0.0%

0 of 7 wells

Median depth

6,948 ft

7 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

7100.0%

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

Between 6,896 and 6,991 ft, median 6,948 ft, over the 7 wells that filed a depth.

Completions filed

Dec 2012 – Sep 2022

7 of 7 wells

7 wells


42-38337812	1802H	6,949 ft	Sep 2022	—	Yes
42-38338051	1808H	6,896 ft	Feb 2022	—	Yes
42-38337998	1807H	6,929 ft	Sep 2013	—	Yes
42-38338192	1803H	6,991 ft	Sep 2013	—	Yes
42-38338170	1801HR	6,904 ft	Mar 2013	—	Yes
42-38337727	2301H	6,971 ft	Jan 2013	—	Yes
42-38337820	1805H	6,948 ft	Dec 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 (91)

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

91 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	2,779	31,284	49.88	1.98	$200,580
Jan 2020	1,982	38,651	57.25	2.09	$194,433
Dec 2019	2,156	39,142	59.01	2.30	$217,423
Nov 2019	2,054	37,637	55.30	2.75	$217,114
Oct 2019	1,978	39,351	53.47	2.42	$200,936
Sep 2019	1,966	40,364	55.05	2.66	$215,487
Aug 2019	1,778	39,861	53.11	2.30	$186,284
Jul 2019	1,873	37,454	56.27	2.46	$197,533
Jun 2019	1,496	37,401	52.78	2.49	$172,132
May 2019	2,435	43,703	58.48	2.74	$262,159
Apr 2019	2,161	33,092	62.63	2.75	$226,370
Mar 2019	2,245	37,982	56.80	3.06	$243,821
Feb 2019	2,658	37,111	50.85	2.79	$238,781
Jan 2019	2,891	40,020	46.03	3.23	$262,264
Dec 2018	2,229	43,709	46.59	4.19	$286,791
Nov 2018	2,398	48,247	52.93	4.24	$331,360
Oct 2018	1,574	35,294	61.44	3.40	$216,638
Sep 2018	2,463	46,081	59.54	3.11	$289,867
Aug 2018	1,444	46,985	59.40	3.07	$229,856
Jul 2018	2,294	46,929	65.14	2.93	$287,021
Jun 2018	2,064	52,224	60.18	3.08	$284,901
May 2018	2,377	53,050	65.38	2.90	$309,296
Apr 2018	2,618	45,743	63.84	2.90	$299,824
Mar 2018	2,816	56,401	61.22	2.79	$329,576
Feb 2018	2,547	38,338	61.78	2.77	$263,401
Jan 2018	3,255	44,106	62.87	4.01	$381,477
Dec 2017	2,358	41,858	57.27	2.92	$257,332
Nov 2017	2,726	40,320	55.42	3.12	$276,807
Oct 2017	2,015	34,251	49.29	2.98	$201,513
Sep 2017	1,942	23,377	47.52	3.09	$164,455
Aug 2017	2,801	43,739	45.37	3.00	$258,491
Jul 2017	2,540	56,603	43.87	3.09	$286,179
Jun 2017	2,652	53,133	42.49	3.09	$276,720
May 2017	2,967	52,983	45.37	3.26	$307,518
Apr 2017	4,876	50,673	47.93	3.21	$396,448
Mar 2017	3,426	48,250	46.77	2.98	$304,197
Feb 2017	2,852	32,363	50.45	2.95	$239,438
Jan 2017	3,799	41,035	49.41	3.42	$327,999
Dec 2016	3,877	44,638	48.76	3.72	$355,222
Nov 2016	2,507	43,620	42.49	2.64	$221,869
Oct 2016	3,634	49,894	46.19	3.09	$322,040
Sep 2016	3,954	49,728	41.55	3.10	$318,477
Aug 2016	4,012	52,939	41.44	2.92	$321,069
Jul 2016	3,295	50,731	41.62	2.92	$285,493
Jun 2016	4,180	44,374	45.35	2.69	$308,744
May 2016	3,163	46,478	42.52	1.99	$227,030
Apr 2016	4,271	56,234	36.56	1.99	$268,112
Mar 2016	4,310	52,411	33.01	1.79	$236,299
Feb 2016	4,861	46,077	26.47	2.06	$223,757
Jan 2016	5,814	43,883	27.35	2.36	$262,768
Dec 2015	4,747	43,420	32.36	2.00	$240,514
Nov 2015	4,879	46,009	38.79	2.17	$288,973
Oct 2015	5,448	55,648	43.55	2.43	$372,295
Sep 2015	4,884	62,159	42.99	2.76	$381,424
Aug 2015	5,428	63,378	40.16	2.87	$400,041
Jul 2015	5,094	66,771	48.15	2.95	$441,922
Jun 2015	6,420	62,143	56.15	2.88	$539,633
May 2015	4,855	60,585	55.21	2.96	$447,100
Apr 2015	5,165	49,525	49.82	2.71	$391,363
Mar 2015	6,450	61,264	42.89	2.93	$456,433
Feb 2015	4,921	46,711	44.66	2.98	$358,793
Jan 2015	5,659	37,491	43.43	3.10	$362,016
Dec 2014	5,012	40,708	54.69	3.59	$420,303
Nov 2014	6,581	45,212	70.46	4.25	$655,931
Oct 2014	7,013	54,728	78.30	3.90	$762,610
Sep 2014	7,363	48,280	86.16	4.05	$829,710
Aug 2014	10,415	63,877	89.39	4.04	$1,188,748
Jul 2014	8,393	65,328	96.56	4.18	$1,083,473
Jun 2014	11,108	73,462	98.16	4.74	$1,438,342
May 2014	10,697	75,847	94.73	4.73	$1,371,822
Apr 2014	10,446	39,212	95.94	4.81	$1,190,764
Mar 2014	13,144	43,094	95.89	5.06	$1,478,296
Feb 2014	12,986	38,097	97.40	6.19	$1,500,733
Jan 2014	13,015	32,291	90.40	4.86	$1,333,514
Dec 2013	22,322	41,031	91.82	4.35	$2,228,275
Nov 2013	12,244	38,913	88.85	3.74	$1,233,347
Oct 2013	21,012	38,072	97.42	3.78	$2,190,877
Sep 2013	18,014	35,111	104.11	3.72	$2,005,971
Aug 2013	11,267	36,444	104.25	3.52	$1,302,963
Jul 2013	13,505	43,576	102.52	3.72	$1,546,537
Jun 2013	9,502	36,020	94.40	3.93	$1,038,670
May 2013	20,592	55,175	94.83	4.15	$2,181,665
Apr 2013	21,079	27,266	93.96	4.28	$2,097,352
Mar 2013	8,636	10,814	93.62	3.91	$850,816
Feb 2013	9,033	17,318	91.23	3.42	$883,307
Jan 2013	21,465	8,394	91.60	3.42	$1,994,901
Dec 2012	575	0	86.77	3.42	$49,893

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                2,779 bbl  × $ 49.88 =   $138,617
Casinghead gas    31,284 Mcf  × $  1.98 =    $61,963

────────────────────────────────────────────────────
Month total                                 $200,580

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/18123 is the state's own key, not one this site invented.