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UNIVERSITY 10

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 20685District 7CField 85279201OilCasinghead gasSaveExport
Value, all time
$230.8 M
Mar 2020 – May 2026
Value, last 12 filed months
$20.3 M
at the published price for each month
Months reported
75
no gaps in the span
Streams
2
oil, casinghead gas

The SPRABERRY (TREND AREA) R 40 EXC 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 721 leases and 1,413 wells, and the rule below applies to all of them.

Discovered
2013-12-18
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 80 acres. The field rule took effect on 2024-02-01.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 02/01/2024.”

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
OilDisposition2,641,620 bbl$193,505,493
Casinghead gasProduction9,729,961 Mcf$37,248,960
Total$230,754,453

Wells on this lease (34)

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 31.2455, -101.5381. A lease has no coordinate of its own — that point is the mean of its wells, and they span 4.0 miles.

31.22932, -101.53528 · 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
2.9%
1 of 34 wells
With a plug date
2.9%
1 of 34 wells
Median depth
8,097 ft
34 wells filed one
Completion to plug
13 months
median over 1 well

What the state filed about each well

On the RRC proration schedule
12.9%
A plug date is filed
12.9%
BothOn the schedule and plugged. Neither fact cancels the other.
12.9%
NeitherNo plug date, and not on the schedule.
3397.1%

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

Total depth in feet, 34 of 34 wells. Median 8,097 ft, with the middle half between 7,830 and 8,238 ft; the shallowest is 825 ft and the deepest 9,022 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 34 of 34 wells, Nov 2012 – Feb 2025. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 2012 – Feb 2025
34 of 34 wells
Plug dates filed
Mar 2026
1 of 34 wells; 33 filed none

Last completion to plug: a median of 13 months across the 1 well that filed both dates, with the middle half between 13 months and 13 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

34 wells

42-383382152803H7,788 ftFeb 2025Mar 2026Yes
42-383404582502HA8,240 ftOct 2023——
42-383406863527HA7,972 ftSep 2023——
42-383381523602H8,221 ftJul 2023——
42-383381553605H8,160 ftMay 2023——
42-383404642503HK8,655 ftApr 2023——
42-383406883512HA7,986 ftMar 2023——
42-383406853523HK8,332 ftOct 2021——
42-383406873528HK8,290 ftOct 2021——
42-383406893513HK8,347 ftOct 2021——
42-383384053606HR8,136 ftSep 2021——
42-383402712601HB8,057 ftSep 2021——
42-383382202808H7,867 ftSep 2021——
42-383404552507HA8,195 ftAug 2021——
42-383404652508HK8,640 ftAug 2021——
42-383376192801HR8,241 ftJul 2021——
42-383382192807H7,853 ftMay 2021——
42-383404632501HS7,843 ftFeb 2019——
42-383404572506HS7,695 ftDec 2018——
42-383402572812HC8,136 ftOct 2018——
42-383401782601HD9,022 ftSep 2018——
42-383382272702H8,230 ftDec 2017——
42-383382262704H7,909 ftAug 2017——
42-383382252703H7,912 ftJul 2017——
42-383382162804H7,772 ftMar 2014——
42-383382172805H7,822 ftMar 2014——
42-383382182806H7,825 ftMar 2014——
42-383378183601H8,248 ftFeb 2014——
42-383381533603H8,208 ftFeb 2014——
42-383381543604H8,174 ftSep 2013——
42-383382242701H825 ftSep 2013——
42-383382302705H860 ftAug 2013——
42-383382282706H854 ftAug 2013——
42-383379112802H7,513 ftNov 2012——

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 (75)

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

75 months

May 202620,90997,424106.413.05$2,521,665
Apr 202619,92596,39398.932.87$2,247,801
Mar 202621,32999,02389.753.15$2,226,145
Feb 202620,70982,53363.503.75$1,624,547
Jan 202616,83378,66759.138.00$1,624,508
Dec 202523,37486,96056.664.41$1,708,157
Nov 202516,80073,44058.593.93$1,272,670
Oct 202518,31269,95859.383.30$1,318,567
Sep 202513,58661,64062.743.08$1,042,047
Aug 202515,79579,40463.933.01$1,249,158
Jul 202518,894101,06866.743.32$1,596,046
Jun 202522,037116,00866.483.13$1,827,976
May 202524,089117,71760.553.23$1,839,088
Apr 202522,815112,97962.363.54$1,823,042
Mar 202523,709107,50567.704.27$2,063,965
Feb 202519,44496,06970.884.34$1,795,211
Jan 202524,166110,57374.324.28$2,269,124
Dec 202425,153128,91868.993.12$2,137,706
Nov 202423,762127,10169.052.20$1,920,190
Oct 202425,290131,02171.372.28$2,103,859
Sep 202424,617127,69769.612.36$2,015,511
Aug 202424,527139,37075.632.06$2,142,585
Jul 202426,860142,22079.932.15$2,452,208
Jun 202425,610137,95978.082.63$2,363,010
May 202427,528144,21278.812.20$2,486,523
Apr 202428,382135,03384.451.66$2,620,907
Mar 202429,194141,80680.301.55$2,563,387
Feb 202428,983123,15776.091.78$2,424,984
Jan 202426,872105,43173.023.30$2,309,869
Dec 202331,514138,61471.262.61$2,607,570
Nov 202330,813124,67777.892.81$2,750,063
Oct 202332,431133,38385.443.09$3,182,695
Sep 202329,498126,86789.042.74$2,973,488
Aug 202333,456151,14280.522.67$3,097,862
Jul 202334,101159,97774.852.64$2,975,087
Jun 202332,354144,49068.962.26$2,557,460
May 202336,652162,94070.622.23$2,951,297
Apr 202337,484152,46578.122.24$3,269,430
Mar 202337,191153,92872.852.39$3,077,739
Feb 202336,654134,96675.112.47$3,085,865
Jan 202342,909152,46676.533.39$3,800,338
Dec 202239,942132,73176.415.73$3,812,395
Nov 202237,016143,58585.005.65$3,957,070
Oct 202244,330183,15087.185.86$4,938,637
Sep 202245,035167,79284.888.16$5,192,371
Aug 202245,136176,82494.529.13$5,880,156
Jul 202249,126187,765101.587.54$6,406,358
Jun 202250,595184,405115.097.98$7,294,014
May 202255,946202,187109.378.43$7,823,865
Apr 202259,118211,782104.226.84$7,609,359
Mar 202266,679215,144108.885.08$8,352,167
Feb 202265,544194,80991.054.86$6,914,327
Jan 202283,851206,35981.844.54$7,798,757
Dec 2021110,506227,04871.323.90$8,766,575
Nov 2021132,027233,47277.435.24$11,445,508
Oct 2021101,505152,00179.795.71$8,967,598
Sep 202118,04469,41569.865.35$1,631,988
Aug 202119,15473,81166.024.22$1,576,073
Jul 202124,77992,95270.783.98$2,124,000
Jun 202128,382128,02169.493.38$2,405,056
May 202131,054163,74163.483.02$2,465,424
Apr 202135,177116,95460.362.76$2,445,892
Mar 202131,621249,98661.302.72$2,617,564
Feb 202120,20358,86257.805.55$1,494,297
Jan 202128,66867,04150.412.81$1,633,557
Dec 202030,23973,24944.642.68$1,545,844
Nov 202030,37079,94438.772.71$1,393,819
Oct 202030,52285,10336.972.48$1,339,320
Sep 202031,42283,31937.091.99$1,331,333
Aug 202034,04694,76039.982.39$1,587,171
Jul 202034,833107,16738.371.83$1,532,135
Jun 202035,432104,06234.901.69$1,412,474
May 202034,975113,36816.921.81$797,512
Apr 202037,325115,59614.751.80$759,123
Mar 202044,457126,35530.341.86$1,583,369

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               20,909 bbl  × $106.41 = $2,224,927
Casinghead gas    97,424 Mcf  × $  3.05 =   $296,738

────────────────────────────────────────────────────
Month total                               $2,521,665

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/20685 is the state's own key, not one this site invented.