UNIVERSITY SR 23-26

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) 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 18681District 7CField 53613750OilCasinghead gasSaveExport
Value, all time
$53.3 M
Aug 2014 – May 2026
Value, last 12 filed months
$2.8 M
at the published price for each month
Months reported
142
no gaps in the span
Streams
2
oil, casinghead gas

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.

StreamBasisVolumeValue
OilDisposition800,947 bbl$47,930,936
Casinghead gasProduction1,606,233 Mcf$5,339,456
Total$53,270,392

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 31.2292, -101.6415. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.5 miles.

31.22641, -101.64377 · centre of the wells drawn, derived

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
0.0%
0 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
7,847 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
00.0%
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.
4100.0%

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 7,498 and 7,958 ft, median 7,847 ft, over the 4 wells that filed a depth.

Completions filed
Aug 2014 – Apr 2023
4 of 4 wells

4 wells

42-3833947736HS7,874 ftApr 2023
42-3833954606HS7,498 ftJan 2022
42-3833932033HS7,820 ftApr 2015
42-383386981H7,958 ftAug 2014

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 (142)

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

142 months

May 20263,3404,197106.413.05$368,193
Apr 20263,1053,88398.932.87$318,321
Mar 20263,0458,76989.753.15$300,906
Feb 20262,7016,69863.503.75$196,633
Jan 20262,9698,53059.138.00$243,779
Dec 20252,7018,17356.664.41$189,109
Nov 20252,7517,97658.593.93$192,498
Oct 20252,7648,28859.383.30$191,517
Sep 20252,7568,75362.743.08$199,844
Aug 20252,7289,05763.933.01$201,706
Jul 20252,6749,66766.743.32$210,511
Jun 20252,74510,02166.483.13$213,841
May 20253,61813,05860.553.23$261,278
Apr 20253,42512,86862.363.54$259,176
Mar 20253,78012,71267.704.27$310,165
Feb 20253,2359,78070.884.34$271,750
Jan 20253,92711,90374.324.28$342,784
Dec 20243,83212,46168.993.12$303,265
Nov 20243,78912,15569.052.20$288,352
Oct 20243,51612,87471.372.28$280,308
Sep 20244,05312,10969.612.36$310,759
Aug 20244,09713,05075.632.06$336,786
Jul 20243,52113,53479.932.15$310,485
Jun 20243,69514,97778.082.63$327,955
May 20244,24815,68378.812.20$369,263
Apr 20243,98814,49084.451.66$360,828
Mar 20244,00815,78380.301.55$346,229
Feb 20244,58315,15376.091.78$375,748
Jan 20243,37615,19273.023.30$296,614
Dec 20234,29515,16871.262.61$345,661
Nov 20233,52516,54377.892.81$321,008
Oct 20233,90817,48585.443.09$387,881
Sep 20233,25517,88789.042.74$338,747
Aug 20234,55719,54980.522.67$419,182
Jul 20234,85819,13274.852.64$414,164
Jun 20234,13318,80868.962.26$327,489
May 20234,76019,57170.622.23$379,744
Apr 20234,23916,99778.122.24$369,186
Mar 20234,20614,18972.852.39$340,364
Feb 20232,7116,73075.112.47$220,217
Jan 20234,62611,89076.533.39$394,308
Dec 20224,01715,47576.415.73$395,596
Nov 20224,04518,94085.005.65$450,764
Oct 20225,39721,74187.185.86$597,994
Sep 20225,14718,74184.888.16$589,873
Aug 20226,67912,68494.529.13$747,068
Jul 20225,17812,837101.587.54$622,799
Jun 20224,98312,607115.097.98$674,062
May 20225,18210,275109.378.43$653,405
Apr 20224,8696,431104.226.84$551,420
Mar 20225,4837,051108.885.08$632,783
Feb 20225,5808,90591.054.86$551,327
Jan 20225,4715,97581.844.54$474,859
Dec 20214,8616,96071.323.90$373,824
Nov 20215,0616,02677.435.24$423,430
Oct 20215,6938,00379.795.71$499,973
Sep 20215,7726,51769.865.35$438,104
Aug 20214,7196,14366.024.22$337,475
Jul 20215,6959,99970.783.98$442,909
Jun 20216,10814,98869.493.38$475,114
May 20216,37516,58663.483.02$454,736
Apr 20215,62814,69260.362.76$380,233
Mar 20215,38014,00461.302.72$367,842
Feb 20213,96910,19457.805.55$285,964
Jan 20214,1526,60250.412.81$227,856
Dec 20203,6585,38844.642.68$177,709
Nov 20203,9755,12338.772.71$167,977
Oct 20204,0245,56836.972.48$162,567
Sep 20203,8925,55837.091.99$155,420
Aug 20203,8515,25639.982.39$166,499
Jul 20203,6936,15238.371.83$152,929
Jun 20203,6115,64634.901.69$135,567
May 20204,0997,59616.921.81$83,140
Apr 20203,9238,39514.751.80$73,012
Mar 20204,2307,89430.341.86$142,991
Feb 20206,57814,83249.881.98$357,488
Jan 20206,51710,78657.252.09$395,692
Dec 20196,3189,82859.012.30$395,472
Nov 20196,4409,81055.302.75$383,116
Oct 20196,3769,39353.472.42$363,642
Sep 20196,0337,98155.052.66$353,324
Aug 20195,5147,48253.112.30$310,090
Jul 20193,8495,44056.272.46$229,966
Jun 20193,8736,28052.782.49$220,062
May 20195,44910,84558.482.74$348,376
Apr 20196,62612,28862.632.75$448,787
Mar 20194,3887,86156.803.06$273,310
Feb 20194,67013,64350.852.79$275,564
Jan 20196,75619,90646.033.23$375,239
Dec 20186,60818,65346.594.19$385,938
Nov 20186,52118,39152.934.24$423,084
Oct 20186,99118,89961.443.40$493,747
Sep 20186,45824,07059.543.11$459,319
Aug 20187,91322,36159.403.07$538,604
Jul 20188,56017,30065.142.93$608,320
Jun 20184,60211,22860.183.08$311,496
May 20187,81114,66265.382.90$553,215
Apr 20187,86013,99663.842.90$542,382
Mar 20186,7537,57161.222.79$434,518
Feb 20184,8465,45661.782.77$314,478
Jan 20183,9424,03062.874.01$263,991
Dec 20176,11710,16157.272.92$380,006
Nov 20177,36510,67855.423.12$441,466
Oct 20178,7528,51049.292.98$456,777
Sep 20178,3384,35947.523.09$409,679
Aug 20172,195045.373.00$99,587
Jul 20177,3149,98843.873.09$351,701
Jun 20177,4678,71642.493.09$344,182
May 20177,5229,32645.373.26$371,708
Apr 20177,40011,71847.933.21$392,316
Mar 20177,50312,24546.772.98$387,450
Feb 20178,84412,41750.452.95$482,842
Jan 20177,27812,68949.413.42$402,987
Dec 20169,70215,29948.763.72$530,025
Nov 201610,16915,36842.492.64$472,719
Oct 201611,27019,27046.193.09$580,111
Sep 201612,17717,47241.553.10$560,129
Aug 201613,63322,66941.442.92$631,243
Jul 201620,49729,68941.622.92$939,906
Jun 201621,72717,26445.352.69$1,031,688
May 20163,1412,78842.521.99$139,106
Apr 20164,9764,23836.561.99$190,361
Mar 20165,3885,17433.011.79$187,140
Feb 20164,9804,26926.472.06$140,630
Jan 20165,5874,15527.352.36$162,628
Dec 20155,1647,90132.362.00$182,920
Nov 20156,49713,72438.792.17$281,763
Oct 20158,15517,17243.552.43$396,819
Sep 201538717,67242.992.76$65,384
Aug 201510,63820,23040.162.87$485,333
Jul 201510,52119,38948.152.95$563,688
Jun 201515,18619,73356.152.88$909,581
May 20157,9157,97155.212.96$460,545
Apr 20152,7481,30949.822.71$140,448
Mar 20150042.892.93$0
Feb 2015751044.662.98$33,540
Jan 20155,5756,78143.433.10$263,148
Dec 20146,82610,44654.693.59$410,829
Nov 20147,45910,94570.464.25$572,098
Oct 20149,68010,81178.303.90$800,117
Sep 201411,654086.164.05$1,004,109
Aug 201411,754089.394.04$1,050,690

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.

May 2026 — as filed, then multipliedworked
Oil                3,340 bbl  × $106.41 =   $355,409
Casinghead gas     4,197 Mcf  × $  3.05 =    $12,783

────────────────────────────────────────────────────
Month total                                 $368,193

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/18681 is the state's own key, not one this site invented.