UNIVERSITY 52-23

Name: UNIVERSITY 52-23 lease production and value, Jan 2013 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 18140District 7CField 53613750OilCasinghead gasSave

Value, all time

$70.9 M

Jan 2013 – Jun 2020

Value, last 12 filed months

$2.7 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

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	616,798 bbl	$43,915,797
Casinghead gas	Production	8,648,111 Mcf	$27,018,798
Total			$70,934,594

Wells on this lease (11)

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 31.0249, -100.9814. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.1 miles.

31.04490, -100.98092 · centre of 6 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%

11 of 11 wells

With a plug date

0.0%

0 of 11 wells

Median depth

6,124 ft

11 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

11100.0%

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

10k

12k

15k

20k+

Total depth in feet, 11 of 11 wells. Median 6,124 ft, with the middle half between 6,067 and 6,140 ft; the shallowest is 5,795 ft and the deepest 6,216 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

10s

Last completion by decade, 11 of 11 wells, Jan 2013 – Dec 2014. 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 2013 – Dec 2014

11 of 11 wells

11 wells


42-10541760	10H	5,810 ft	Dec 2014	—	Yes
42-10541761	11H	5,795 ft	Dec 2014	—	Yes
42-10541650	4H	6,122 ft	Mar 2014	—	Yes
42-10541651	5H	6,146 ft	Feb 2014	—	Yes
42-10541652	6H	6,130 ft	Feb 2014	—	Yes
42-10541759	9H	6,121 ft	Dec 2013	—	Yes
42-10541758	8H	6,124 ft	Dec 2013	—	Yes
42-10541649	3H	6,162 ft	Jul 2013	—	Yes
42-10541646	2H	6,216 ft	Jul 2013	—	Yes
42-10541757	7H	6,133 ft	Jul 2013	—	Yes
42-10541582	1H	6,013 ft	Jan 2013	—	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 (90)

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

90 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	2,016	86,464	49.88	1.98	$271,815
Jan 2020	1,665	97,837	57.25	2.09	$300,264
Dec 2019	1,858	99,315	59.01	2.30	$338,498
Nov 2019	1,466	97,148	55.30	2.75	$348,295
Oct 2019	1,638	105,689	53.47	2.42	$343,197
Sep 2019	1,445	102,923	55.05	2.66	$353,042
Aug 2019	1,448	106,330	53.11	2.30	$321,926
Jul 2019	1,761	114,678	56.27	2.46	$381,206
Jun 2019	1,464	110,493	52.78	2.49	$352,530
May 2019	2,026	112,950	58.48	2.74	$428,000
Apr 2019	1,574	108,088	62.63	2.75	$395,897
Mar 2019	1,870	110,433	56.80	3.06	$444,373
Feb 2019	2,159	110,108	50.85	2.79	$417,231
Jan 2019	2,432	114,740	46.03	3.23	$482,346
Dec 2018	2,666	114,774	46.59	4.19	$604,589
Nov 2018	2,481	84,208	52.93	4.24	$488,129
Oct 2018	2,022	102,499	61.44	3.40	$472,531
Sep 2018	2,263	103,702	59.54	3.11	$457,045
Aug 2018	2,398	105,529	59.40	3.07	$466,052
Jul 2018	1,846	103,796	65.14	2.93	$424,566
Jun 2018	2,197	103,021	60.18	3.08	$449,203
May 2018	2,316	108,005	65.38	2.90	$464,721
Apr 2018	2,937	105,141	63.84	2.90	$492,491
Mar 2018	2,213	107,655	61.22	2.79	$435,497
Feb 2018	2,452	95,158	61.78	2.77	$414,703
Jan 2018	2,994	95,755	62.87	4.01	$572,145
Dec 2017	2,591	104,227	57.27	2.92	$452,888
Nov 2017	3,011	105,473	55.42	3.12	$495,772
Oct 2017	3,000	102,213	49.29	2.98	$452,841
Sep 2017	2,462	66,772	47.52	3.09	$323,138
Aug 2017	2,819	109,504	45.37	3.00	$456,892
Jul 2017	3,343	102,689	43.87	3.09	$463,687
Jun 2017	3,513	96,102	42.49	3.09	$445,961
May 2017	3,298	102,223	45.37	3.26	$483,225
Apr 2017	3,311	90,820	47.93	3.21	$450,374
Mar 2017	4,574	108,742	46.77	2.98	$538,377
Feb 2017	3,303	96,373	50.45	2.95	$451,187
Jan 2017	4,548	107,268	49.41	3.42	$591,445
Dec 2016	4,118	108,119	48.76	3.72	$603,302
Nov 2016	4,287	111,947	42.49	2.64	$478,182
Oct 2016	4,556	135,642	46.19	3.09	$629,611
Sep 2016	4,752	126,041	41.55	3.10	$588,252
Aug 2016	4,556	128,697	41.44	2.92	$565,154
Jul 2016	4,786	131,334	41.62	2.92	$583,259
Jun 2016	5,125	125,976	45.35	2.69	$570,769
May 2016	5,853	138,786	42.52	1.99	$525,198
Apr 2016	5,929	123,755	36.56	1.99	$463,165
Mar 2016	5,761	118,932	33.01	1.79	$403,536
Feb 2016	6,136	106,473	26.47	2.06	$382,141
Jan 2016	7,509	120,046	27.35	2.36	$489,203
Dec 2015	7,580	117,203	32.36	2.00	$479,860
Nov 2015	7,704	118,425	38.79	2.17	$555,504
Oct 2015	7,884	119,700	43.55	2.43	$633,810
Sep 2015	8,517	113,402	42.99	2.76	$678,956
Aug 2015	9,009	120,032	40.16	2.87	$706,592
Jul 2015	10,500	117,720	48.15	2.95	$852,270
Jun 2015	10,468	116,139	56.15	2.88	$922,591
May 2015	11,985	139,702	55.21	2.96	$1,074,574
Apr 2015	13,768	130,001	49.82	2.71	$1,037,779
Mar 2015	15,374	145,550	42.89	2.93	$1,086,538
Feb 2015	15,258	129,591	44.66	2.98	$1,067,110
Jan 2015	18,217	123,674	43.43	3.10	$1,174,632
Dec 2014	8,868	103,259	54.69	3.59	$855,831
Nov 2014	9,463	121,568	70.46	4.25	$1,183,651
Oct 2014	11,782	132,623	78.30	3.90	$1,439,888
Sep 2014	11,922	125,148	86.16	4.05	$1,533,478
Aug 2014	12,951	125,837	89.39	4.04	$1,665,457
Jul 2014	14,416	136,889	96.56	4.18	$1,964,150
Jun 2014	17,186	120,877	98.16	4.74	$2,259,558
May 2014	17,981	128,286	94.73	4.73	$2,309,692
Apr 2014	24,279	121,978	95.94	4.81	$2,915,934
Mar 2014	30,683	64,080	95.89	5.06	$3,266,233
Feb 2014	16,636	43,358	97.40	6.19	$1,888,819
Jan 2014	17,365	76,644	90.40	4.86	$1,942,341
Dec 2013	15,787	51,127	91.82	4.35	$1,672,194
Nov 2013	8,691	32,018	88.85	3.74	$891,888
Oct 2013	13,752	88,545	97.42	3.78	$1,674,363
Sep 2013	15,786	107,844	104.11	3.72	$2,044,416
Aug 2013	26,533	67,799	104.25	3.52	$3,004,895
Jul 2013	21,933	39,983	102.52	3.72	$2,397,218
Jun 2013	178	0	94.40	3.93	$16,803
May 2013	3,753	16,467	94.83	4.15	$424,220
Apr 2013	5,060	22,737	93.96	4.28	$572,811
Mar 2013	5,969	30,218	93.62	3.91	$677,057
Feb 2013	10,179	23,524	91.23	3.42	$1,009,080
Jan 2013	2,633	1,570	91.60	3.42	$246,552

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                2,016 bbl  × $ 49.88 =   $100,558
Casinghead gas    86,464 Mcf  × $  1.98 =   $171,257

────────────────────────────────────────────────────
Month total                                 $271,815

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/18140 is the state's own key, not one this site invented.