UNIVERSITY BLOCK 48

Name: UNIVERSITY BLOCK 48 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 18227District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$19.3 M

Mar 2013 – Jun 2020

Value, last 12 filed months

$788 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	193,853 bbl	$14,191,175
Casinghead gas	Production	1,581,161 Mcf	$5,059,755
Total			$19,250,929

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 31.1090, -101.3491. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.10900, -101.34887 · 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

6,987 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 835 and 7,002 ft, median 6,987 ft, over the 4 wells that filed a depth.

Completions filed

Mar 2013 – Jun 2022

4 of 4 wells

4 wells


42-38338195	1811H	7,001 ft	Jun 2022	—	Yes
42-38338183	1809H	7,002 ft	Dec 2013	—	Yes
42-38338198	1810H	6,973 ft	Jun 2013	—	Yes
42-38338194	1812H	835 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	1,297	22,169	49.88	1.98	$108,604
Jan 2020	887	23,909	57.25	2.09	$100,864
Dec 2019	817	23,902	59.01	2.30	$103,290
Nov 2019	744	24,722	55.30	2.75	$109,146
Oct 2019	803	22,531	53.47	2.42	$97,429
Sep 2019	774	22,304	55.05	2.66	$101,877
Aug 2019	797	17,996	53.11	2.30	$83,798
Jul 2019	655	18,844	56.27	2.46	$83,214
Jun 2019	912	21,236	52.78	2.49	$101,038
May 2019	1,200	21,751	58.48	2.74	$129,781
Apr 2019	763	22,691	62.63	2.75	$110,203
Mar 2019	1,008	25,501	56.80	3.06	$135,341
Feb 2019	1,249	19,886	50.85	2.79	$119,038
Jan 2019	836	15,733	46.03	3.23	$89,270
Dec 2018	511	15,560	46.59	4.19	$88,933
Nov 2018	508	18,426	52.93	4.24	$104,964
Oct 2018	581	13,569	61.44	3.40	$81,805
Sep 2018	830	20,149	59.54	3.11	$112,041
Aug 2018	1,041	24,598	59.40	3.07	$137,267
Jul 2018	862	19,960	65.14	2.93	$114,671
Jun 2018	558	19,916	60.18	3.08	$94,860
May 2018	1,006	21,514	65.38	2.90	$128,180
Apr 2018	589	18,090	63.84	2.90	$90,077
Mar 2018	1,169	19,942	61.22	2.79	$127,141
Feb 2018	1,192	14,534	61.78	2.77	$113,845
Jan 2018	1,445	15,903	62.87	4.01	$154,607
Dec 2017	1,251	19,475	57.27	2.92	$128,541
Nov 2017	1,197	21,030	55.42	3.12	$131,917
Oct 2017	919	27,252	49.29	2.98	$126,609
Sep 2017	992	26,185	47.52	3.09	$127,980
Aug 2017	842	19,761	45.37	3.00	$97,571
Jul 2017	1,102	15,404	43.87	3.09	$95,901
Jun 2017	1,403	19,443	42.49	3.09	$119,639
May 2017	1,393	21,434	45.37	3.26	$133,148
Apr 2017	1,913	20,524	47.93	3.21	$157,605
Mar 2017	675	19,673	46.77	2.98	$90,268
Feb 2017	1,269	14,372	50.45	2.95	$106,456
Jan 2017	1,129	20,356	49.41	3.42	$125,377
Dec 2016	1,187	17,200	48.76	3.72	$121,911
Nov 2016	694	18,496	42.49	2.64	$78,398
Oct 2016	1,270	23,742	46.19	3.09	$132,030
Sep 2016	1,798	18,299	41.55	3.10	$131,445
Aug 2016	1,438	17,148	41.44	2.92	$109,737
Jul 2016	967	21,173	41.62	2.92	$102,164
Jun 2016	1,598	19,396	45.35	2.69	$124,564
May 2016	1,374	18,270	42.52	1.99	$94,799
Apr 2016	2,023	16,947	36.56	1.99	$107,703
Mar 2016	1,727	14,190	33.01	1.79	$82,465
Feb 2016	1,562	14,632	26.47	2.06	$71,541
Jan 2016	1,931	18,802	27.35	2.36	$97,268
Dec 2015	1,656	16,855	32.36	2.00	$87,322
Nov 2015	2,102	18,737	38.79	2.17	$122,146
Oct 2015	1,616	21,570	43.55	2.43	$122,718
Sep 2015	1,850	54,880	42.99	2.76	$230,914
Aug 2015	1,613	16,392	40.16	2.87	$111,864
Jul 2015	1,576	20,707	48.15	2.95	$136,868
Jun 2015	2,743	15,268	56.15	2.88	$198,035
May 2015	2,198	17,671	55.21	2.96	$173,577
Apr 2015	3,003	13,547	49.82	2.71	$186,275
Mar 2015	4,351	14,792	42.89	2.93	$230,025
Feb 2015	3,477	18,628	44.66	2.98	$210,723
Jan 2015	3,646	12,663	43.43	3.10	$197,609
Dec 2014	5,317	7,767	54.69	3.59	$318,681
Nov 2014	4,839	16,132	70.46	4.25	$409,547
Oct 2014	3,399	19,511	78.30	3.90	$342,253
Sep 2014	1,972	18,085	86.16	4.05	$243,069
Aug 2014	3,711	22,438	89.39	4.04	$422,266
Jul 2014	3,070	26,068	96.56	4.18	$405,393
Jun 2014	4,701	33,009	98.16	4.74	$617,810
May 2014	4,573	34,014	94.73	4.73	$593,970
Apr 2014	5,800	26,370	95.94	4.81	$683,268
Mar 2014	6,269	31,308	95.89	5.06	$759,453
Feb 2014	6,505	25,572	97.40	6.19	$791,929
Jan 2014	8,708	21,039	90.40	4.86	$889,468
Dec 2013	16,301	10,901	91.82	4.35	$1,544,226
Nov 2013	1,997	2,299	88.85	3.74	$186,028
Oct 2013	1,161	1,597	97.42	3.78	$119,140
Sep 2013	5,879	12,829	104.11	3.72	$659,758
Aug 2013	9,278	33,509	104.25	3.52	$1,085,271
Jul 2013	15,630	8,433	102.52	3.72	$1,633,739
Jun 2013	224	30	94.40	3.93	$21,264
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$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                1,297 bbl  × $ 49.88 =    $64,694
Casinghead gas    22,169 Mcf  × $  1.98 =    $43,909

────────────────────────────────────────────────────
Month total                                 $108,604

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/18227 is the state's own key, not one this site invented.