UNIVERSITY 52-24

Name: UNIVERSITY 52-24 lease production and value, Feb 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 18155District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$42.0 M

Feb 2013 – Jun 2020

Value, last 12 filed months

$1.3 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	331,163 bbl	$24,761,240
Casinghead gas	Production	5,209,622 Mcf	$17,236,739
Total			$41,997,980

Wells on this lease (9)

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 31.0306, -100.9620. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.1 miles.

31.02441, -100.96344 · centre of 7 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%

9 of 9 wells

With a plug date

0.0%

0 of 9 wells

Median depth

6,063 ft

9 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

9100.0%

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, 9 of 9 wells. Median 6,063 ft, with the middle half between 5,920 and 6,082 ft; the shallowest is 847 ft and the deepest 6,110 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, 9 of 9 wells, Feb 2013 – Feb 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

Feb 2013 – Feb 2014

9 of 9 wells

9 wells


42-10541657	6H	6,110 ft	Feb 2014	—	Yes
42-10541654	2H	847 ft	Dec 2013	—	Yes
42-10541655	3H	868 ft	Dec 2013	—	Yes
42-41332878	11H	6,063 ft	Dec 2013	—	Yes
42-41332876	10H	6,064 ft	Dec 2013	—	Yes
42-41332877	12H	6,033 ft	Jul 2013	—	Yes
42-41332875	4H	6,100 ft	Jul 2013	—	Yes
42-41332871	5H	6,082 ft	Jul 2013	—	Yes
42-41332862	1H	5,920 ft	Feb 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 (89)

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

89 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	1,275	43,571	49.88	1.98	$149,897
Jan 2020	1,109	48,936	57.25	2.09	$165,998
Dec 2019	924	43,829	59.01	2.30	$155,523
Nov 2019	730	42,652	55.30	2.75	$157,692
Oct 2019	912	50,705	53.47	2.42	$171,397
Sep 2019	725	49,719	55.05	2.66	$172,029
Aug 2019	910	50,655	53.11	2.30	$165,057
Jul 2019	975	51,006	56.27	2.46	$180,341
Jun 2019	830	54,738	52.78	2.49	$180,171
May 2019	1,104	52,484	58.48	2.74	$208,385
Apr 2019	1,193	49,418	62.63	2.75	$210,652
Mar 2019	1,116	53,276	56.80	3.06	$226,525
Feb 2019	1,130	46,716	50.85	2.79	$187,902
Jan 2019	1,471	54,550	46.03	3.23	$243,807
Dec 2018	1,368	60,167	46.59	4.19	$315,560
Nov 2018	1,554	0	52.93	4.24	$82,253
Oct 2018	1,284	0	61.44	3.40	$78,889
Sep 2018	820	54,774	59.54	3.11	$219,060
Aug 2018	1,609	59,356	59.40	3.07	$277,593
Jul 2018	919	55,506	65.14	2.93	$222,601
Jun 2018	1,655	56,666	60.18	3.08	$273,955
May 2018	1,468	57,664	65.38	2.90	$263,250
Apr 2018	920	54,242	63.84	2.90	$216,078
Mar 2018	1,480	58,993	61.22	2.79	$255,010
Feb 2018	1,790	53,024	61.78	2.77	$257,257
Jan 2018	1,350	47,064	62.87	4.01	$273,569
Dec 2017	1,280	43,277	57.27	2.92	$199,740
Nov 2017	1,550	55,754	55.42	3.12	$259,762
Oct 2017	1,937	57,629	49.29	2.98	$267,421
Sep 2017	1,118	37,248	47.52	3.09	$168,122
Aug 2017	1,559	60,086	45.37	3.00	$251,254
Jul 2017	1,862	58,730	43.87	3.09	$263,002
Jun 2017	1,718	53,450	42.49	3.09	$238,013
May 2017	1,652	54,413	45.37	3.26	$252,523
Apr 2017	1,843	51,744	47.93	3.21	$254,516
Mar 2017	2,096	52,344	46.77	2.98	$254,208
Feb 2017	1,996	52,718	50.45	2.95	$256,353
Jan 2017	2,639	56,061	49.41	3.42	$322,054
Dec 2016	1,980	53,949	48.76	3.72	$297,388
Nov 2016	2,116	55,023	42.49	2.64	$235,409
Oct 2016	2,361	74,075	46.19	3.09	$337,966
Sep 2016	2,012	68,382	41.55	3.10	$295,626
Aug 2016	2,115	67,908	41.44	2.92	$286,232
Jul 2016	2,433	75,122	41.62	2.92	$320,944
Jun 2016	2,379	69,687	45.35	2.69	$295,055
May 2016	2,739	69,913	42.52	1.99	$255,662
Apr 2016	2,632	66,014	36.56	1.99	$227,662
Mar 2016	3,025	66,005	33.01	1.79	$218,269
Feb 2016	3,152	60,632	26.47	2.06	$208,555
Jan 2016	4,130	66,321	27.35	2.36	$269,762
Dec 2015	2,796	68,867	32.36	2.00	$228,310
Nov 2015	3,685	65,271	38.79	2.17	$284,405
Oct 2015	3,743	66,404	43.55	2.43	$324,142
Sep 2015	3,606	64,080	42.99	2.76	$331,781
Aug 2015	3,450	67,195	40.16	2.87	$331,569
Jul 2015	3,806	67,348	48.15	2.95	$381,604
Jun 2015	4,149	70,265	56.15	2.88	$435,531
May 2015	5,050	77,488	55.21	2.96	$507,822
Apr 2015	4,561	68,470	49.82	2.71	$412,548
Mar 2015	5,335	77,794	42.89	2.93	$457,121
Feb 2015	4,490	67,388	44.66	2.98	$401,083
Jan 2015	5,958	113,509	43.43	3.10	$610,705
Dec 2014	6,274	125,175	54.69	3.59	$792,674
Nov 2014	4,270	107,760	70.46	4.25	$759,042
Oct 2014	7,262	112,679	78.30	3.90	$1,008,171
Sep 2014	7,421	106,954	86.16	4.05	$1,072,069
Aug 2014	8,140	113,882	89.39	4.04	$1,187,162
Jul 2014	8,111	139,389	96.56	4.18	$1,365,788
Jun 2014	10,304	122,343	98.16	4.74	$1,590,965
May 2014	11,854	125,899	94.73	4.73	$1,717,999
Apr 2014	10,752	132,921	95.94	4.81	$1,670,780
Mar 2014	15,394	126,505	95.89	5.06	$2,115,841
Feb 2014	14,439	62,524	97.40	6.19	$1,793,507
Jan 2014	15,839	118,310	90.40	4.86	$2,006,917
Dec 2013	6,732	36,753	91.82	4.35	$778,172
Nov 2013	6,717	39,088	88.85	3.74	$742,927
Oct 2013	10,390	51,748	97.42	3.78	$1,207,768
Sep 2013	9,151	50,679	104.11	3.72	$1,141,122
Aug 2013	17,008	44,047	104.25	3.52	$1,928,244
Jul 2013	13,044	24,478	102.52	3.72	$1,428,274
Jun 2013	0	1,316	94.40	3.93	$5,176
May 2013	3,246	12,553	94.83	4.15	$359,902
Apr 2013	5,652	4,344	93.96	4.28	$549,665
Mar 2013	5,589	0	93.62	3.91	$523,242
Feb 2013	0	0	91.23	3.42	$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                1,275 bbl  × $ 49.88 =    $63,597
Casinghead gas    43,571 Mcf  × $  1.98 =    $86,300

────────────────────────────────────────────────────
Month total                                 $149,897

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/18155 is the state's own key, not one this site invented.