UNIVERSITY 47

Name: UNIVERSITY 47 lease production and value, Apr 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 18207District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$29.8 M

Apr 2013 – Jun 2020

Value, last 12 filed months

$1.5 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	367,876 bbl	$22,897,564
Casinghead gas	Production	2,307,038 Mcf	$6,927,563
Total			$29,825,126

Wells on this lease (5)

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 31.0290, -101.3409. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.02896, -101.33754 · 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%

5 of 5 wells

With a plug date

0.0%

0 of 5 wells

Median depth

6,879 ft

5 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

5100.0%

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 6,523 and 7,232 ft, median 6,879 ft, over the 5 wells that filed a depth.

Completions filed

Dec 2014 – Sep 2022

5 of 5 wells

5 wells


42-10541735	0701HX	6,879 ft	Sep 2022	—	Yes
42-10541436	0801H	6,903 ft	Sep 2021	—	Yes
42-10541905	0802H	6,775 ft	Dec 2014	—	Yes
42-10541907	0806H	7,232 ft	Dec 2014	—	Yes
42-10541906	0805H	6,523 ft	Dec 2014	—	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 (87)

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

87 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	2,439	27,300	49.88	1.98	$175,730
Jan 2020	1,855	28,329	57.25	2.09	$165,541
Dec 2019	2,050	29,082	59.01	2.30	$187,986
Nov 2019	2,041	31,165	55.30	2.75	$198,593
Oct 2019	2,043	33,719	53.47	2.42	$190,790
Sep 2019	1,836	32,207	55.05	2.66	$186,655
Aug 2019	2,047	34,734	53.11	2.30	$188,756
Jul 2019	2,001	33,631	56.27	2.46	$195,331
Jun 2019	2,018	32,972	52.78	2.49	$188,650
May 2019	2,163	37,515	58.48	2.74	$229,295
Apr 2019	1,807	35,578	62.63	2.75	$211,037
Mar 2019	2,735	39,670	56.80	3.06	$276,822
Feb 2019	2,461	36,214	50.85	2.79	$226,259
Jan 2019	2,576	35,795	46.03	3.23	$234,126
Dec 2018	1,736	35,381	46.59	4.19	$228,965
Nov 2018	2,337	35,972	52.93	4.24	$276,119
Oct 2018	2,797	26,380	61.44	3.40	$261,489
Sep 2018	1,478	25,815	59.54	3.11	$168,233
Aug 2018	2,477	29,075	59.40	3.07	$236,294
Jul 2018	2,763	29,720	65.14	2.93	$267,117
Jun 2018	2,224	30,642	60.18	3.08	$228,123
May 2018	2,644	32,646	65.38	2.90	$267,564
Apr 2018	2,641	30,907	63.84	2.90	$258,256
Mar 2018	2,803	32,606	61.22	2.79	$262,467
Feb 2018	2,655	27,687	61.78	2.77	$240,611
Jan 2018	3,073	29,565	62.87	4.01	$311,735
Dec 2017	2,278	24,760	57.27	2.92	$202,798
Nov 2017	3,375	28,022	55.42	3.12	$274,425
Oct 2017	2,542	24,273	49.29	2.98	$197,718
Sep 2017	2,468	25,122	47.52	3.09	$194,838
Aug 2017	3,134	29,655	45.37	3.00	$231,285
Jul 2017	3,111	33,264	43.87	3.09	$239,175
Jun 2017	2,976	32,030	42.49	3.09	$225,336
May 2017	3,112	30,664	45.37	3.26	$241,260
Apr 2017	3,491	32,434	47.93	3.21	$271,489
Mar 2017	2,598	33,018	46.77	2.98	$220,024
Feb 2017	3,271	29,176	50.45	2.95	$251,167
Jan 2017	3,655	28,471	49.41	3.42	$277,930
Dec 2016	3,942	30,447	48.76	3.72	$305,561
Nov 2016	3,598	33,377	42.49	2.64	$241,139
Oct 2016	4,415	38,012	46.19	3.09	$321,396
Sep 2016	4,614	26,549	41.55	3.10	$274,030
Aug 2016	3,918	28,277	41.44	2.92	$245,053
Jul 2016	3,382	22,292	41.62	2.92	$205,948
Jun 2016	4,702	23,947	45.35	2.69	$277,553
May 2016	4,000	25,740	42.52	1.99	$221,329
Apr 2016	5,022	31,231	36.56	1.99	$245,786
Mar 2016	4,870	30,897	33.01	1.79	$216,188
Feb 2016	4,796	29,353	26.47	2.06	$187,524
Jan 2016	6,070	30,951	27.35	2.36	$239,194
Dec 2015	4,962	27,886	32.36	2.00	$216,382
Nov 2015	6,267	33,835	38.79	2.17	$316,429
Oct 2015	6,213	33,546	43.55	2.43	$351,978
Sep 2015	5,298	115,677	42.99	2.76	$546,847
Aug 2015	6,683	27,593	40.16	2.87	$347,650
Jul 2015	7,865	27,572	48.15	2.95	$459,902
Jun 2015	6,686	34,000	56.15	2.88	$473,436
May 2015	8,010	39,950	55.21	2.96	$560,302
Apr 2015	11,976	45,286	49.82	2.71	$719,214
Mar 2015	12,060	40,066	42.89	2.93	$634,835
Feb 2015	14,985	39,852	44.66	2.98	$787,837
Jan 2015	10,642	26,384	43.43	3.10	$543,989
Dec 2014	1,895	4,133	54.69	3.59	$118,481
Nov 2014	2,391	8,300	70.46	4.25	$203,760
Oct 2014	4,346	20,619	78.30	3.90	$420,726
Sep 2014	4,594	19,297	86.16	4.05	$473,884
Aug 2014	4,222	16,419	89.39	4.04	$443,657
Jul 2014	3,631	4,805	96.56	4.18	$370,692
Jun 2014	2,383	4,023	98.16	4.74	$252,972
May 2014	3,572	10,827	94.73	4.73	$389,550
Apr 2014	4,390	11,293	95.94	4.81	$475,486
Mar 2014	4,902	11,542	95.89	5.06	$528,418
Feb 2014	5,438	11,280	97.40	6.19	$599,507
Jan 2014	5,155	12,206	90.40	4.86	$525,342
Dec 2013	5,463	5,288	91.82	4.35	$524,639
Nov 2013	4,271	12,646	88.85	3.74	$426,753
Oct 2013	7,923	19,728	97.42	3.78	$846,418
Sep 2013	6,491	17,399	104.11	3.72	$740,463
Aug 2013	7,636	33,061	104.25	3.52	$912,514
Jul 2013	10,832	27,231	102.52	3.72	$1,211,734
Jun 2013	16,703	23,356	94.40	3.93	$1,668,632
May 2013	10,951	5,669	94.83	4.15	$1,062,004
Apr 2013	0	0	93.96	4.28	$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                2,439 bbl  × $ 49.88 =   $121,657
Casinghead gas    27,300 Mcf  × $  1.98 =    $54,072

────────────────────────────────────────────────────
Month total                                 $175,730

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/18207 is the state's own key, not one this site invented.