UNIVERSITY -F-

Operated by FIELDS OIL & GAS COMPANY, LLC (P-5 267445) in the BLOCK 49 (2450) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2406District 7CField 09521500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$6.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$200 k
at the published price for each month
Months reported
401
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 13 leases and 77 wells, and the rule below applies to all of them.

Discovered
1955-11-15
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: OPTIONAL 20 ACRES, DIAGONAL OF 1500.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA7none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition103,105 bbl$5,292,247
Casinghead gasProduction180,610 Mcf$688,835
Total$5,981,082

28,783 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (8)

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 31.1111, -101.3973. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.11107, -101.39724 · 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
12.5%
1 of 8 wells
With a plug date
12.5%
1 of 8 wells
Median depth
2,430 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
112.5%
A plug date is filed
112.5%
BothOn the schedule and plugged. Neither fact cancels the other.
112.5%
NeitherNo plug date, and not on the schedule.
787.5%

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, 2 of 8 wells. Median 2,430 ft, with the middle half between 2,328 and 2,531 ft; the shallowest is 2,226 ft and the deepest 2,633 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, 1 of 8 wells, Jun 1992. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jun 1992
1 of 8 wells; 7 filed none
Plug dates filed
Oct 2020
1 of 8 wells; 7 filed none

8 wells

42-3830104332,226 ftOct 2020Yes
42-383010401
42-383010422
42-383010444
42-383010455
42-383010466
42-383010477
42-3833416182,633 ftJun 1992

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 (401)

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

401 months

May 20263260106.413.05$34,690
Apr 2026165098.932.87$16,323
Mar 2026325089.753.15$29,169
Feb 2026164063.503.75$10,414
Jan 2026325059.138.00$19,217
Dec 2025164056.664.41$9,292
Nov 2025327058.593.93$19,159
Oct 2025323059.383.30$19,180
Sep 2025163062.743.08$10,227
Aug 2025165063.933.01$10,548
Jul 2025160066.743.32$10,678
Jun 2025161066.483.13$10,703
May 2025327060.553.23$19,800
Apr 2025160062.363.54$9,978
Mar 2025324067.704.27$21,935
Feb 2025168070.884.34$11,908
Jan 2025330074.324.28$24,526
Dec 2024325068.993.12$22,422
Nov 2024163069.052.20$11,255
Oct 2024317071.372.28$22,624
Sep 2024328069.612.36$22,832
Aug 2024162075.632.06$12,252
Jul 2024321079.932.15$25,658
Jun 2024327078.082.63$25,532
May 2024162078.812.20$12,767
Apr 2024319084.451.66$26,940
Mar 2024318080.301.55$25,535
Feb 2024326076.091.78$24,805
Jan 2024159073.023.30$11,610
Dec 2023323071.262.61$23,017
Nov 2023324077.892.81$25,236
Oct 2023319085.443.09$27,255
Sep 20230089.042.74$0
Aug 2023318080.522.67$25,605
Jul 2023317074.852.64$23,727
Jun 2023316068.962.26$21,791
May 2023312070.622.23$22,033
Apr 2023318078.122.24$24,842
Mar 2023489072.852.39$35,624
Feb 2023163075.112.47$12,243
Jan 2023318076.533.39$24,337
Dec 2022320076.415.73$24,451
Nov 2022476085.005.65$40,460
Oct 2022323087.185.86$28,159
Sep 2022476084.888.16$40,403
Aug 2022464094.529.13$43,857
Jul 202200101.587.54$0
Jun 20221600115.097.98$18,414
May 20221620109.378.43$17,718
Apr 20223210104.226.84$33,455
Mar 202200108.885.08$0
Feb 2022165091.054.86$15,023
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 2021164077.435.24$12,699
Oct 20210079.795.71$0
Sep 2021325069.865.35$22,705
Aug 20210066.024.22$0
Jul 2021322070.783.98$22,791
Jun 20210069.493.38$0
May 2021152063.483.02$9,649
Apr 2021327060.362.76$19,738
Mar 2021160061.302.72$9,808
Feb 2021155057.805.55$8,959
Jan 20210050.412.81$0
Dec 2020150044.642.68$6,696
Nov 2020325038.772.71$12,600
Oct 2020164036.972.48$6,063
Sep 2020157037.091.99$5,823
Aug 2020163039.982.39$6,517
Jul 2020323038.371.83$12,394
Jun 2020315034.901.69$10,994
May 20200016.921.81$0
Apr 2020325014.751.80$4,794
Mar 20200030.341.86$0
Feb 2020329049.881.98$16,411
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 2019328055.302.75$18,138
Oct 20190053.472.42$0
Sep 2019324055.052.66$17,836
Aug 2019160053.112.30$8,498
Jul 2019163056.272.46$9,172
Jun 20190052.782.49$0
May 201931928358.482.74$19,431
Apr 2019045562.632.75$1,252
Mar 201932333556.803.06$19,372
Feb 20190050.852.79$0
Jan 2019165046.033.23$7,595
Dec 2018164046.594.19$7,641
Nov 2018328052.934.24$17,361
Oct 20180061.443.40$0
Sep 2018163059.543.11$9,705
Aug 201832526559.403.07$20,118
Jul 201815616265.142.93$10,637
Jun 201817421560.183.08$11,133
May 201816235365.382.90$11,616
Apr 201832954963.842.90$22,596
Mar 201832838461.222.79$21,150
Feb 2018013961.782.77$384
Jan 2018327062.874.01$20,558
Dec 201701457.272.92$41
Nov 20171652055.423.12$9,207
Oct 20171571749.292.98$7,789
Sep 201732315047.523.09$15,812
Aug 2017039145.373.00$1,175
Jul 201732242243.873.09$15,429
Jun 201716037842.493.09$7,965
May 201732520145.373.26$15,401
Apr 2017038247.933.21$1,227
Mar 2017320046.772.98$14,966
Feb 2017162050.452.95$8,173
Jan 201716332649.413.42$9,168
Dec 201632447248.763.72$17,555
Nov 201616356442.492.64$8,417
Oct 201616268846.193.09$9,609
Sep 201615353641.553.10$8,019
Aug 201632653641.442.92$15,077
Jul 201632453841.622.92$15,058
Jun 201616452945.352.69$8,858
May 201632648042.521.99$14,817
Apr 201616158636.561.99$7,053
Mar 201632272533.011.79$11,930
Feb 201649262826.472.06$14,319
Jan 201631960927.352.36$10,165
Dec 201532526632.362.00$11,049
Nov 201516424438.792.17$6,890
Oct 201515426943.552.43$7,359
Sep 201532319542.992.76$14,424
Aug 201516320740.162.87$7,141
Jul 20153189248.152.95$15,583
Jun 2015014656.152.88$421
May 2015018355.212.96$541
Apr 201532418949.822.71$16,653
Mar 2015017942.892.93$525
Feb 201516523544.662.98$8,068
Jan 201533434343.433.10$15,569
Dec 201416441454.693.59$10,456
Nov 201433141470.464.25$25,083
Oct 201432550078.303.90$27,398
Sep 201416453886.164.05$16,307
Aug 201432362689.394.04$31,399
Jul 201416362496.564.18$18,347
Jun 201432241998.164.74$33,592
May 201432054594.734.73$32,890
Apr 201416350795.944.81$18,076
Mar 201416231995.895.06$17,147
Feb 201432628797.406.19$33,530
Jan 201432725790.404.86$30,810
Dec 2013012891.824.35$557
Nov 2013010388.853.74$385
Oct 2013050097.423.78$1,890
Sep 2013325462104.113.72$35,553
Aug 2013160518104.253.52$18,505
Jul 2013316496102.523.72$34,240
Jun 201348251494.403.93$47,523
May 201316242094.834.15$17,105
Apr 201316340893.964.28$17,063
Mar 201332152193.623.91$32,091
Feb 201316346191.233.42$16,447
Jan 201331471191.603.42$31,194
Dec 201232746586.773.42$29,964
Nov 201232650586.953.62$30,176
Oct 2012050689.383.40$1,720
Sep 201232153294.672.92$31,942
Aug 201232459492.662.91$31,749
Jul 201216151885.133.02$15,271
Jun 201232558879.822.52$27,423
May 201216260691.612.49$16,349
Apr 2012324618101.652.00$34,169
Mar 2012325590105.052.22$35,452
Feb 2012327564101.102.57$34,509
Jan 201216649498.092.73$17,634
Dec 201132659096.873.24$33,491
Nov 201132661295.723.31$33,231
Oct 201132367984.983.65$29,926
Sep 201116361183.623.99$16,065
Aug 201131869683.404.15$29,409
Jul 201132448994.144.52$32,710
Jun 201116172492.904.64$18,316
May 201132445298.134.40$33,785
Apr 2011327560105.964.33$37,076
Mar 201132669196.364.06$34,217
Feb 201116459685.644.18$16,536
Jan 201148867886.504.59$45,323
Dec 201032869585.734.35$31,141
Nov 201032961580.843.80$28,930
Oct 201016560078.103.51$14,992
Sep 201032569972.633.98$26,386
Aug 201016174373.684.42$15,146
Jul 201032279072.554.74$27,103
Jun 201031740770.364.91$24,303
May 201016369471.124.24$14,532
Apr 201016262881.694.12$15,823
Mar 201049268678.394.39$41,579
Feb 201016554173.585.44$15,085
Jan 201032565074.365.96$28,044
Dec 200932967171.445.48$27,183
Nov 200933066674.593.75$27,113
Oct 200916271372.544.11$14,682
Sep 200932476465.543.06$23,576
Aug 200932660167.423.22$23,913
Jul 200932463161.133.46$21,992
Jun 200932563566.163.90$23,975
May 200932566154.743.93$20,385
Apr 200932767046.773.59$17,697
Mar 200916265742.144.06$9,493
Feb 200932651232.814.63$13,068
Jan 200932651235.865.37$14,440
Dec 200832256437.105.98$15,317
Nov 200832559955.496.86$22,144
Oct 200832970075.246.92$29,599
Sep 2008167878101.767.88$23,910
Aug 2008327555114.228.48$42,058
Jul 2008324622131.0811.39$49,554
Jun 2008168600131.3313.03$29,883
May 2008327558123.1711.57$46,735
Apr 2008327572110.3110.45$42,052
Mar 2008327612101.909.66$39,236
Feb 200832758992.538.77$35,423
Jan 200832863190.388.21$34,822
Dec 200716356988.337.30$18,553
Nov 200733449491.677.29$34,220
Oct 200732836482.856.92$29,694
Sep 200732750275.846.24$27,934
Aug 200732659469.066.39$26,308
Jul 200716464170.906.39$15,722
Jun 200749360662.007.55$35,140
May 200732847158.747.85$22,962
Apr 200732859359.617.81$24,181
Mar 200733050456.927.30$22,464
Feb 200733350155.108.22$22,465
Jan 200716341250.306.73$10,970
Dec 200633246956.656.92$22,053
Nov 200616552854.207.62$12,965
Oct 200632752354.906.01$21,098
Sep 200632661660.085.04$22,689
Aug 200627745768.717.34$22,387
Jul 200616561369.376.34$15,334
Jun 200648660466.286.38$36,068
May 200616363666.016.42$14,846
Apr 200632760464.397.36$25,501
Mar 200633152756.707.08$22,500
Feb 200616847557.597.75$13,357
Jan 200632953460.598.93$24,705
Dec 200533251954.9413.42$25,203
Nov 200516755654.6910.59$15,020
Oct 200533460258.3413.80$27,791
Sep 200533064661.4512.08$28,082
Aug 200532365261.519.80$26,255
Jul 200516564755.697.84$14,264
Jun 200516355652.337.38$12,634
May 200532370145.226.65$19,269
Apr 200533173149.207.36$21,666
Mar 200516776250.377.15$13,864
Feb 200548755545.226.31$25,525
Jan 200516561343.166.32$10,997
Dec 200433060639.866.75$17,245
Nov 200417662245.286.33$11,907
Oct 200432975949.706.52$21,296
Sep 200442876643.245.28$22,554
Aug 200432177542.375.55$17,903
Jul 200432574138.286.08$16,949
Jun 200432674036.106.43$16,529
May 200432676437.486.49$17,180
Apr 200433174134.475.86$15,751
Mar 200417080234.365.53$10,276
Feb 200433265532.455.51$14,382
Jan 200449459432.036.30$19,565
Dec 200333265530.266.30$14,174
Nov 200316754528.804.60$7,314
Oct 200333126228.174.76$10,571
Sep 200332951026.314.75$11,078
Aug 200332643529.765.13$11,933
Jul 200332947829.415.17$12,148
Jun 200332542928.565.98$11,849
May 200332159926.595.97$12,113
Apr 200332647626.675.41$11,268
Mar 200333161931.146.10$14,081
Feb 200333049033.487.93$14,932
Jan 200333158630.315.58$13,304
Dec 200233547726.914.85$11,330
Nov 200216743624.664.14$5,922
Oct 200232555126.464.23$10,930
Sep 200216362327.443.64$6,737
Aug 200232569525.963.16$10,636
Jul 200232578524.583.06$10,392
Jun 200232672123.733.34$10,143
May 200232876924.663.58$10,845
Apr 200247974623.653.51$13,949
Mar 200216570322.003.10$5,811
Feb 200232859218.222.38$7,383
Jan 200249370917.172.38$10,149
Dec 200116471316.932.36$4,462
Nov 200132774718.072.41$7,706
Oct 200132782419.782.53$8,552
Sep 200132586424.262.25$9,830
Aug 200132590424.873.05$10,843
Jul 200132491423.933.20$10,675
Jun 200116285924.563.82$7,264
May 200148992425.524.31$16,459
Apr 200132783524.685.34$12,525
Mar 200132989924.545.38$12,907
Feb 200133084627.755.77$14,036
Jan 200132993327.478.40$16,874
Dec 200049293626.889.12$21,764
Nov 200032985132.215.66$15,412
Oct 200032577631.235.15$14,143
Sep 200032481831.875.19$14,568
Aug 200032587329.644.54$13,597
Jul 200048690928.534.09$17,583
Jun 200032684829.304.40$13,281
May 200048890727.263.68$16,640
Apr 20003251,02324.513.12$11,153
Mar 200049890428.422.86$16,738
Feb 200049282727.622.73$15,844
Jan 200049455725.272.48$13,865
Dec 199932969324.282.42$9,668
Nov 199948592923.192.43$13,508
Oct 19994841,01220.982.80$12,992
Sep 19996471,11121.752.62$16,982
Aug 19995871,18519.262.88$14,713
Jul 199948460617.892.37$10,096
Jun 1999056715.942.36$1,339
May 199932377415.792.32$6,897
Apr 199930645315.102.21$5,621
Mar 199916557212.471.84$3,109
Feb 19990469.981.82$84
Jan 1999013710.381.90$260
Dec 199802499.201.77$442
Nov 1998032810.892.19$717
Oct 1998032312.421.97$636
Sep 199815142212.592.08$2,780
Aug 1998044511.301.91$849
Jul 199816154311.742.24$3,105
Jun 1998053811.242.24$1,204
May 199832196812.622.21$6,187
Apr 199848999313.042.51$8,864
Mar 19984911,15212.802.31$8,945
Feb 19984831,06213.952.30$9,180
Jan 19984921,04014.702.15$9,473
Dec 19976451,28416.322.41$13,622
Nov 19973301,16918.193.09$9,613
Oct 19979301,38419.253.15$22,262
Sep 199716390917.742.95$5,578
Aug 19971611,00217.862.55$5,435
Jul 1997087617.582.25$1,968
Jun 199725561217.242.26$5,778
May 199716466418.972.31$4,644
Apr 199716056517.882.08$4,038
Mar 199716548118.951.94$4,059
Feb 199716244120.492.21$4,292
Jan 199716651723.483.54$5,728
Dec 199616353023.32$3,801
Nov 199616448621.97$3,603
Oct 199616246123.31$3,776
Sep 199616454622.22$3,644
Aug 199632553020.26$6,585
Jul 1996057119.55$0
Jun 199632555218.73$6,087
May 199616345919.43$3,167
Apr 199616340521.51$3,506
Mar 199616540819.38$3,198
Feb 199616341216.98$2,768
Jan 199616341517.07$2,782
Dec 199516648417.19$2,854
Nov 199516453616.00$2,624
Oct 199532756015.43$5,046
Sep 199516261116.18$2,621
Aug 199516257815.92$2,579
Jul 199516257615.24$2,469
Jun 199516259916.41$2,658
May 199516377017.56$2,862
Apr 199516357917.73$2,890
Mar 199530254816.44$4,965
Feb 199516553116.58$2,736
Jan 199516654915.92$2,643
Dec 199416456615.03$2,465
Nov 199432956415.90$5,231
Oct 199416363015.58$2,540
Sep 199416261815.29$2,477
Aug 199432464716.13$5,226
Jul 199416260417.56$2,845
Jun 199416041517.09$2,734
May 199432674115.88$5,177
Apr 199416469214.14$2,319
Mar 199432964312.46$4,099
Feb 199433251812.50$4,150
Jan 199416560512.66$2,089
Dec 199316667712.33$2,047
Nov 199332155914.49$4,651
Oct 199316360915.85$2,584
Sep 199332669415.03$4,900
Aug 199315548515.66$2,427
Jul 199347985415.46$7,405
Jun 199316187316.79$2,703
May 199348185317.68$8,504
Apr 199348372718.05$8,718
Mar 199332581318.14$5,896
Feb 199332683917.90$5,835
Jan 199349286116.93$8,330

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                  326 bbl  × $106.41 =    $34,690
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $34,690

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/2406 is the state's own key, not one this site invented.