UNIVERSITY 49-13

Name: UNIVERSITY 49-13 lease production and value, Aug 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 18287District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$37.9 M

Aug 2013 – Aug 2020

Value, last 12 filed months

$948 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	418,087 bbl	$30,096,521
Casinghead gas	Production	2,417,655 Mcf	$7,819,000
Total			$37,915,521

Wells on this lease (6)

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 31.1003, -101.3963. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.10029, -101.39626 · 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%

6 of 6 wells

With a plug date

0.0%

0 of 6 wells

Median depth

7,150 ft

6 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

6100.0%

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 7,129 and 7,190 ft, median 7,150 ft, over the 6 wells that filed a depth.

Completions filed

Aug 2013

6 of 6 wells

6 wells


42-10541688	4H	7,190 ft	Aug 2013	—	Yes
42-10541685	2H	7,141 ft	Aug 2013	—	Yes
42-10541686	1H	7,129 ft	Aug 2013	—	Yes
42-10541689	5H	7,146 ft	Aug 2013	—	Yes
42-10541687	3H	7,164 ft	Aug 2013	—	Yes
42-10541690	6H	7,153 ft	Aug 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 (85)

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

85 months


Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
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	2,315	20,746	49.88	1.98	$156,563
Jan 2020	2,057	21,557	57.25	2.09	$162,920
Dec 2019	2,297	21,064	59.01	2.30	$184,085
Nov 2019	1,774	15,105	55.30	2.75	$139,652
Oct 2019	1,773	15,847	53.47	2.42	$133,129
Sep 2019	2,085	21,314	55.05	2.66	$171,417
Aug 2019	2,376	24,182	53.11	2.30	$181,913
Jul 2019	1,870	24,662	56.27	2.46	$165,895
Jun 2019	2,043	25,785	52.78	2.49	$172,065
May 2019	2,422	21,159	58.48	2.74	$199,621
Apr 2019	2,227	21,361	62.63	2.75	$198,235
Mar 2019	2,444	26,533	56.80	3.06	$220,066
Feb 2019	1,550	28,754	50.85	2.79	$159,105
Jan 2019	2,167	28,043	46.03	3.23	$190,275
Dec 2018	2,583	28,988	46.59	4.19	$241,670
Nov 2018	2,323	0	52.93	4.24	$122,956
Oct 2018	2,274	0	61.44	3.40	$139,715
Sep 2018	2,201	24,133	59.54	3.11	$206,053
Aug 2018	2,748	25,551	59.40	3.07	$241,585
Jul 2018	2,156	24,710	65.14	2.93	$212,889
Jun 2018	2,325	22,074	60.18	3.08	$207,838
May 2018	2,597	25,424	65.38	2.90	$243,542
Apr 2018	2,428	25,107	63.84	2.90	$227,834
Mar 2018	2,484	27,509	61.22	2.79	$228,734
Feb 2018	2,984	24,415	61.78	2.77	$251,886
Jan 2018	2,320	23,877	62.87	4.01	$241,589
Dec 2017	3,064	22,712	57.27	2.92	$241,829
Nov 2017	3,419	23,415	55.42	3.12	$262,497
Oct 2017	2,106	24,321	49.29	2.98	$176,371
Sep 2017	2,526	20,198	47.52	3.09	$182,392
Aug 2017	2,683	26,564	45.37	3.00	$201,537
Jul 2017	2,870	27,131	43.87	3.09	$209,668
Jun 2017	2,671	25,236	42.49	3.09	$191,401
May 2017	3,464	28,070	45.37	3.26	$248,765
Apr 2017	2,914	24,202	47.93	3.21	$217,395
Mar 2017	3,248	25,148	46.77	2.98	$226,943
Feb 2017	3,243	24,757	50.45	2.95	$236,707
Jan 2017	3,670	24,268	49.41	3.42	$264,302
Dec 2016	2,752	24,185	48.76	3.72	$224,224
Nov 2016	3,477	28,434	42.49	2.64	$222,927
Oct 2016	3,256	36,148	46.19	3.09	$262,101
Sep 2016	3,473	34,265	41.55	3.10	$250,546
Aug 2016	3,532	34,538	41.44	2.92	$247,367
Jul 2016	3,523	36,399	41.62	2.92	$253,070
Jun 2016	3,535	35,332	45.35	2.69	$255,208
May 2016	3,407	36,103	42.52	1.99	$216,748
Apr 2016	4,172	37,403	36.56	1.99	$226,999
Mar 2016	3,768	36,299	33.01	1.79	$189,502
Feb 2016	3,995	36,698	26.47	2.06	$181,479
Jan 2016	4,504	37,094	27.35	2.36	$210,888
Dec 2015	4,168	37,692	32.36	2.00	$210,314
Nov 2015	4,804	36,708	38.79	2.17	$265,906
Oct 2015	3,890	38,049	43.55	2.43	$261,738
Sep 2015	4,678	40,401	42.99	2.76	$312,550
Aug 2015	4,466	40,665	40.16	2.87	$296,164
Jul 2015	4,855	41,479	48.15	2.95	$355,927
Jun 2015	4,485	41,220	56.15	2.88	$370,664
May 2015	5,572	43,934	55.21	2.96	$437,475
Apr 2015	5,737	46,132	49.82	2.71	$410,677
Mar 2015	6,513	42,767	42.89	2.93	$404,851
Feb 2015	5,775	36,452	44.66	2.98	$366,400
Jan 2015	6,560	34,714	43.43	3.10	$392,536
Dec 2014	6,890	30,633	54.69	3.59	$486,828
Nov 2014	4,002	26,685	70.46	4.25	$395,441
Oct 2014	6,671	40,081	78.30	3.90	$678,694
Sep 2014	7,116	39,187	86.16	4.05	$771,643
Aug 2014	6,863	46,759	89.39	4.04	$802,162
Jul 2014	9,334	51,664	96.56	4.18	$1,117,226
Jun 2014	8,743	47,323	98.16	4.74	$1,082,376
May 2014	9,963	50,587	94.73	4.73	$1,182,897
Apr 2014	11,375	49,206	95.94	4.81	$1,327,955
Mar 2014	10,310	53,155	95.89	5.06	$1,257,420
Feb 2014	13,727	41,690	97.40	6.19	$1,595,154
Jan 2014	12,685	25,967	90.40	4.86	$1,272,942
Dec 2013	18,863	35,552	91.82	4.35	$1,886,811
Nov 2013	17,524	41,112	88.85	3.74	$1,710,696
Oct 2013	28,707	46,685	97.42	3.78	$2,973,075
Sep 2013	37,138	26,924	104.11	3.72	$3,966,534
Aug 2013	8,578	7,412	104.25	3.52	$920,366

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                2,315 bbl  × $ 49.88 =   $115,472
Casinghead gas    20,746 Mcf  × $  1.98 =    $41,091

────────────────────────────────────────────────────
Month total                                 $156,563

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/18287 is the state's own key, not one this site invented.