UNIVERSITY 12 RE

Name: UNIVERSITY 12 RE lease production and value, Mar 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 18174District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$21.8 M

Mar 2013 – Jun 2020

Value, last 12 filed months

$961 k

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	319,428 bbl	$19,268,622
Casinghead gas	Production	840,461 Mcf	$2,568,556
Total			$21,837,179

Wells on this lease (4)

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 31.1265, -101.5041. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

31.12655, -101.50626 · 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%

4 of 4 wells

With a plug date

0.0%

0 of 4 wells

Median depth

7,290 ft

4 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

4100.0%

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 7,001 and 7,362 ft, median 7,290 ft, over the 4 wells that filed a depth.

Completions filed

Mar 2013 – Nov 2021

4 of 4 wells

4 wells


42-38339339	1029HS	7,260 ft	Nov 2021	—	Yes
42-38338270	1101H	7,362 ft	May 2021	—	Yes
42-38339357	0209HS	7,001 ft	Dec 2015	—	Yes
42-38337902	1001H	7,320 ft	Mar 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 (88)

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

88 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	2,004	3,621	49.88	1.98	$107,132
Jan 2020	1,472	3,485	57.25	2.09	$91,572
Dec 2019	1,710	4,515	59.01	2.30	$111,311
Nov 2019	1,821	6,114	55.30	2.75	$117,519
Oct 2019	2,202	9,600	53.47	2.42	$140,959
Sep 2019	2,004	10,405	55.05	2.66	$137,969
Aug 2019	1,854	11,473	53.11	2.30	$124,904
Jul 2019	1,821	10,935	56.27	2.46	$129,368
Jun 2019	2,186	11,826	52.78	2.49	$144,838
May 2019	1,975	12,455	58.48	2.74	$149,629
Apr 2019	2,017	12,036	62.63	2.75	$159,432
Mar 2019	2,352	13,552	56.80	3.06	$175,091
Feb 2019	2,214	11,574	50.85	2.79	$144,899
Jan 2019	2,394	12,842	46.03	3.23	$151,652
Dec 2018	2,241	14,433	46.59	4.19	$164,817
Nov 2018	2,286	12,039	52.93	4.24	$172,010
Oct 2018	2,072	14,184	61.44	3.40	$175,502
Sep 2018	2,520	13,932	59.54	3.11	$193,341
Aug 2018	2,382	14,861	59.40	3.07	$187,063
Jul 2018	2,083	15,382	65.14	2.93	$180,785
Jun 2018	2,209	13,823	60.18	3.08	$175,470
May 2018	2,765	16,118	65.38	2.90	$227,531
Apr 2018	2,228	15,116	63.84	2.90	$186,084
Mar 2018	2,975	16,595	61.22	2.79	$228,377
Feb 2018	2,439	14,621	61.78	2.77	$191,125
Jan 2018	3,247	15,174	62.87	4.01	$264,976
Dec 2017	3,009	14,917	57.27	2.92	$215,906
Nov 2017	2,979	14,780	55.42	3.12	$211,186
Oct 2017	3,280	13,904	49.29	2.98	$203,156
Sep 2017	2,359	7,402	47.52	3.09	$134,952
Aug 2017	3,059	12,822	45.37	3.00	$177,309
Jul 2017	3,084	14,081	43.87	3.09	$178,767
Jun 2017	3,135	13,895	42.49	3.09	$176,104
May 2017	3,578	14,328	45.37	3.26	$209,092
Apr 2017	3,728	14,716	47.93	3.21	$225,945
Mar 2017	3,827	15,106	46.77	2.98	$224,060
Feb 2017	3,855	12,023	50.45	2.95	$229,984
Jan 2017	3,882	10,343	49.41	3.42	$227,170
Dec 2016	4,982	13,830	48.76	3.72	$294,409
Nov 2016	4,381	13,912	42.49	2.64	$222,937
Oct 2016	5,333	13,624	46.19	3.09	$288,433
Sep 2016	4,745	11,145	41.55	3.10	$231,711
Aug 2016	5,342	15,521	41.44	2.92	$266,761
Jul 2016	6,631	17,333	41.62	2.92	$326,670
Jun 2016	5,753	15,909	45.35	2.69	$303,627
May 2016	8,935	18,188	42.52	1.99	$416,129
Apr 2016	8,193	17,508	36.56	1.99	$334,395
Mar 2016	10,514	17,215	33.01	1.79	$377,951
Feb 2016	9,464	13,185	26.47	2.06	$277,721
Jan 2016	9,323	9,579	27.35	2.36	$277,632
Dec 2015	6,452	9,810	32.36	2.00	$228,421
Nov 2015	1,979	7,263	38.79	2.17	$92,507
Oct 2015	3,032	9,565	43.55	2.43	$155,254
Sep 2015	3,200	7,368	42.99	2.76	$157,892
Aug 2015	5,064	10,462	40.16	2.87	$233,422
Jul 2015	6,234	14,328	48.15	2.95	$342,364
Jun 2015	2,850	3,465	56.15	2.88	$170,017
May 2015	2,846	1,327	55.21	2.96	$161,050
Apr 2015	1,593	2,187	49.82	2.71	$85,283
Mar 2015	2,885	2,702	42.89	2.93	$131,667
Feb 2015	2,200	1,815	44.66	2.98	$103,654
Jan 2015	2,319	1,982	43.43	3.10	$106,860
Dec 2014	3,449	5,593	54.69	3.59	$208,712
Nov 2014	2,900	4,448	70.46	4.25	$223,246
Oct 2014	2,855	4,059	78.30	3.90	$239,381
Sep 2014	3,894	4,555	86.16	4.05	$353,934
Aug 2014	3,430	4,889	89.39	4.04	$326,335
Jul 2014	3,928	4,694	96.56	4.18	$398,907
Jun 2014	4,330	4,927	98.16	4.74	$448,371
May 2014	4,673	3,750	94.73	4.73	$460,398
Apr 2014	3,642	3,004	95.94	4.81	$363,860
Mar 2014	5,716	5,473	95.89	5.06	$575,783
Feb 2014	5,158	3,331	97.40	6.19	$523,015
Jan 2014	2,176	1,530	90.40	4.86	$204,147
Dec 2013	4,849	6,362	91.82	4.35	$472,938
Nov 2013	4,710	10,491	88.85	3.74	$457,702
Oct 2013	5,968	12,676	97.42	3.78	$629,310
Sep 2013	8,643	12,707	104.11	3.72	$947,064
Aug 2013	2,720	3,331	104.25	3.52	$295,294
Jul 2013	3,274	9,671	102.52	3.72	$371,605
Jun 2013	3,597	8,530	94.40	3.93	$373,109
May 2013	5,704	4,830	94.83	4.15	$560,950
Apr 2013	6,373	3,292	93.96	4.28	$612,905
Mar 2013	5,941	67	93.62	3.91	$556,459

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                2,004 bbl  × $ 49.88 =    $99,960
Casinghead gas     3,621 Mcf  × $  1.98 =     $7,172

────────────────────────────────────────────────────
Month total                                 $107,132

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/18174 is the state's own key, not one this site invented.