UNIVERSITY 43-14

Name: UNIVERSITY 43-14 lease production and value, Oct 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 18377District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$58.5 M

Oct 2013 – Jun 2020

Value, last 12 filed months

$1.7 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	577,278 bbl	$41,796,053
Casinghead gas	Production	5,151,967 Mcf	$16,658,420
Total			$58,454,474

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 31.1316, -101.2753. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.13118, -101.27550 · 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

7,059 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 7,019 and 7,100 ft, median 7,059 ft, over the 6 wells that filed a depth.

Completions filed

Oct 2013 – Nov 2013

6 of 6 wells

6 wells


42-38338290	6H	7,059 ft	Nov 2013	—	Yes
42-38338291	5H	7,100 ft	Nov 2013	—	Yes
42-38338294	4H	7,067 ft	Oct 2013	—	Yes
42-38338295	3H	7,059 ft	Oct 2013	—	Yes
42-23535415	2H	7,019 ft	Oct 2013	—	Yes
42-23535414	1H	7,028 ft	Oct 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 (81)

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

81 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	2,041	47,978	49.88	1.98	$196,834
Jan 2020	2,025	46,045	57.25	2.09	$212,384
Dec 2019	1,461	48,787	59.01	2.30	$198,636
Nov 2019	1,670	47,979	55.30	2.75	$224,327
Oct 2019	1,464	49,252	53.47	2.42	$197,398
Sep 2019	1,614	48,473	55.05	2.66	$217,657
Aug 2019	1,639	48,240	53.11	2.30	$198,210
Jul 2019	2,191	56,208	56.27	2.46	$261,563
Jun 2019	1,459	48,934	52.78	2.49	$198,910
May 2019	2,201	54,627	58.48	2.74	$278,410
Apr 2019	2,230	52,028	62.63	2.75	$282,778
Mar 2019	2,056	52,743	56.80	3.06	$278,285
Feb 2019	2,240	47,698	50.85	2.79	$247,087
Jan 2019	2,058	51,851	46.03	3.23	$262,114
Dec 2018	2,555	53,192	46.59	4.19	$341,669
Nov 2018	2,052	53,334	52.93	4.24	$334,601
Oct 2018	2,401	53,336	61.44	3.40	$328,757
Sep 2018	2,183	54,874	59.54	3.11	$300,524
Aug 2018	2,757	58,265	59.40	3.07	$342,439
Jul 2018	2,211	58,550	65.14	2.93	$315,686
Jun 2018	2,728	57,712	60.18	3.08	$341,746
May 2018	2,381	59,872	65.38	2.90	$329,346
Apr 2018	2,381	58,947	63.84	2.90	$322,997
Mar 2018	2,759	58,444	61.22	2.79	$331,780
Feb 2018	2,564	52,582	61.78	2.77	$303,852
Jan 2018	3,633	59,483	62.87	4.01	$466,893
Dec 2017	2,413	61,630	57.27	2.92	$318,246
Nov 2017	2,948	60,020	55.42	3.12	$350,542
Oct 2017	2,935	64,859	49.29	2.98	$338,185
Sep 2017	2,937	59,919	47.52	3.09	$324,553
Aug 2017	3,114	65,293	45.37	3.00	$337,448
Jul 2017	3,123	67,372	43.87	3.09	$345,002
Jun 2017	2,867	67,601	42.49	3.09	$330,522
May 2017	3,289	67,469	45.37	3.26	$369,400
Apr 2017	3,675	63,592	47.93	3.21	$380,375
Mar 2017	3,673	66,162	46.77	2.98	$369,192
Feb 2017	3,760	58,861	50.45	2.95	$363,485
Jan 2017	4,551	65,578	49.41	3.42	$449,063
Dec 2016	3,510	61,359	48.76	3.72	$399,577
Nov 2016	3,817	63,031	42.49	2.64	$328,860
Oct 2016	4,576	75,590	46.19	3.09	$444,958
Sep 2016	3,965	69,663	41.55	3.10	$380,745
Aug 2016	4,283	72,043	41.44	2.92	$388,166
Jul 2016	4,508	74,408	41.62	2.92	$405,217
Jun 2016	4,745	70,822	45.35	2.69	$405,402
May 2016	4,559	72,998	42.52	1.99	$339,191
Apr 2016	4,984	74,705	36.56	1.99	$330,956
Mar 2016	5,409	80,769	33.01	1.79	$323,451
Feb 2016	5,058	75,766	26.47	2.06	$290,238
Jan 2016	6,092	78,212	27.35	2.36	$351,538
Dec 2015	5,311	80,746	32.36	2.00	$333,470
Nov 2015	5,666	74,635	38.79	2.17	$381,543
Oct 2015	5,984	79,103	43.55	2.43	$452,553
Sep 2015	6,095	79,137	42.99	2.76	$480,317
Aug 2015	7,260	86,204	40.16	2.87	$539,182
Jul 2015	7,555	87,473	48.15	2.95	$621,388
Jun 2015	6,344	85,035	56.15	2.88	$601,360
May 2015	8,130	94,544	55.21	2.96	$728,277
Apr 2015	8,576	87,694	49.82	2.71	$664,606
Mar 2015	9,357	85,570	42.89	2.93	$652,445
Feb 2015	9,253	54,871	44.66	2.98	$576,546
Jan 2015	9,582	50,365	43.43	3.10	$572,309
Dec 2014	11,249	34,952	54.69	3.59	$740,733
Nov 2014	11,369	75,537	70.46	4.25	$1,122,231
Oct 2014	12,894	90,140	78.30	3.90	$1,361,233
Sep 2014	13,556	43,657	86.16	4.05	$1,344,597
Aug 2014	14,968	90,614	89.39	4.04	$1,703,628
Jul 2014	16,670	42,238	96.56	4.18	$1,786,193
Jun 2014	13,819	76,872	98.16	4.74	$1,720,606
May 2014	20,326	95,544	94.73	4.73	$2,377,076
Apr 2014	25,083	70,242	95.94	4.81	$2,744,265
Mar 2014	28,138	128,119	95.89	5.06	$3,346,025
Feb 2014	30,269	101,535	97.40	6.19	$3,576,905
Jan 2014	43,194	126,182	90.40	4.86	$4,518,073
Dec 2013	59,943	122,101	91.82	4.35	$6,035,653
Nov 2013	29,539	82,983	88.85	3.74	$2,934,754
Oct 2013	5,403	8,718	97.42	3.78	$559,309

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                2,041 bbl  × $ 49.88 =   $101,805
Casinghead gas    47,978 Mcf  × $  1.98 =    $95,029

────────────────────────────────────────────────────
Month total                                 $196,834

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/18377 is the state's own key, not one this site invented.