UNIVERSITY -6-

Name: UNIVERSITY -6- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FIELDS, BERT, JR. (P-5 267430) 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 259District 7CField 09521500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$639 k

Jan 1993 – Apr 2015

Value, last 12 filed months

at the published price for each month

Months reported

268

no gaps in the span

Streams

oil, casinghead gas

The BLOCK 49 (2450) 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 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.”

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	17,568 bbl	$561,428
Casinghead gas	Production	18,981 Mcf	$77,257
Total			$638,685

4,357 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 (2)

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 31.1171, -101.3999. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.11710, -101.39990 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

2,588 ft

2 wells filed one

Completion to plug

57.3 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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 2,579 and 2,597 ft, median 2,588 ft, over the 2 wells that filed a depth.

Completions filed

Dec 1955 – Jan 1956

2 of 2 wells

Plug dates filed

Apr 2013

2 of 2 wells

Last completion to plug: a median of 57.3 years across the 2 wells that filed both dates, with the middle half between 57.3 years and 57.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-38300499	2	2,579 ft	Jan 1956	Apr 2013	Yes
42-38300498	1	2,597 ft	Dec 1955	Apr 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 (268)

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

268 months


Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	106	0	94.40	3.93	$10,006
May 2013	162	0	94.83	4.15	$15,362
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	165	0	98.09	2.73	$16,185
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	160	0	92.90	4.64	$14,864
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	163	0	86.50	4.59	$14,100
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	163	0	73.68	4.42	$12,010
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	166	0	73.58	5.44	$12,214
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	162	0	65.54	3.06	$10,617
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	14	61.13	3.46	$49
Jun 2009	0	16	66.16	3.90	$62
May 2009	164	11	54.74	3.93	$9,021
Apr 2009	0	9	46.77	3.59	$32
Mar 2009	0	2	42.14	4.06	$8
Feb 2009	0	3	32.81	4.63	$14
Jan 2009	166	3	35.86	5.37	$5,969
Dec 2008	0	4	37.10	5.98	$24
Nov 2008	0	105	55.49	6.86	$720
Oct 2008	0	25	75.24	6.92	$173
Sep 2008	164	2	101.76	7.88	$16,704
Aug 2008	0	2	114.22	8.48	$17
Jul 2008	0	2	131.08	11.39	$23
Jun 2008	0	11	131.33	13.03	$143
May 2008	0	34	123.17	11.57	$394
Apr 2008	160	55	110.31	10.45	$18,225
Mar 2008	0	54	101.90	9.66	$522
Feb 2008	2	73	92.53	8.77	$825
Jan 2008	1	105	90.38	8.21	$952
Dec 2007	0	95	88.33	7.30	$694
Nov 2007	4	97	91.67	7.29	$1,074
Oct 2007	0	85	82.85	6.92	$588
Sep 2007	161	85	75.84	6.24	$12,741
Aug 2007	0	85	69.06	6.39	$543
Jul 2007	0	132	70.90	6.39	$843
Jun 2007	0	191	62.00	7.55	$1,442
May 2007	164	202	58.74	7.85	$11,218
Apr 2007	0	215	59.61	7.81	$1,678
Mar 2007	0	210	56.92	7.30	$1,533
Feb 2007	164	174	55.10	8.22	$10,466
Jan 2007	0	141	50.30	6.73	$948
Dec 2006	0	199	56.65	6.92	$1,377
Nov 2006	0	179	54.20	7.62	$1,364
Oct 2006	163	96	54.90	6.01	$9,526
Sep 2006	0	102	60.08	5.04	$514
Aug 2006	0	179	68.71	7.34	$1,314
Jul 2006	160	168	69.37	6.34	$12,165
Jun 2006	0	170	66.28	6.38	$1,085
May 2006	0	110	66.01	6.42	$707
Apr 2006	164	186	64.39	7.36	$11,929
Mar 2006	0	167	56.70	7.08	$1,183
Feb 2006	0	141	57.59	7.75	$1,093
Jan 2006	166	161	60.59	8.93	$11,496
Dec 2005	0	129	54.94	13.42	$1,731
Nov 2005	0	162	54.69	10.59	$1,715
Oct 2005	163	122	58.34	13.80	$11,193
Sep 2005	0	138	61.45	12.08	$1,667
Aug 2005	0	164	61.51	9.80	$1,607
Jul 2005	163	159	55.69	7.84	$10,325
Jun 2005	0	151	52.33	7.38	$1,115
May 2005	0	156	45.22	6.65	$1,038
Apr 2005	163	125	49.20	7.36	$8,940
Mar 2005	0	211	50.37	7.15	$1,510
Feb 2005	163	174	45.22	6.31	$8,469
Jan 2005	0	212	43.16	6.32	$1,340
Dec 2004	0	121	39.86	6.75	$817
Nov 2004	165	96	45.28	6.33	$8,079
Oct 2004	0	82	49.70	6.52	$534
Sep 2004	164	95	43.24	5.28	$7,593
Aug 2004	0	86	42.37	5.55	$477
Jul 2004	0	20	38.28	6.08	$122
Jun 2004	0	1	36.10	6.43	$6
May 2004	116	6	37.48	6.49	$4,387
Apr 2004	164	8	34.47	5.86	$5,700
Mar 2004	0	7	34.36	5.53	$39
Feb 2004	0	6	32.45	5.51	$33
Jan 2004	164	8	32.03	6.30	$5,303
Dec 2003	165	337	30.26	6.30	$7,117
Nov 2003	0	6	28.80	4.60	$28
Oct 2003	0	5	28.17	4.76	$24
Sep 2003	157	6	26.31	4.75	$4,159
Aug 2003	167	8	29.76	5.13	$5,011
Jul 2003	0	172	29.41	5.17	$889
Jun 2003	162	9	28.56	5.98	$4,681
May 2003	161	10	26.59	5.97	$4,341
Apr 2003	164	8	26.67	5.41	$4,417
Mar 2003	0	6	31.14	6.10	$37
Feb 2003	149	6	33.48	7.93	$5,036
Jan 2003	0	8	30.31	5.58	$45
Dec 2002	167	6	26.91	4.85	$4,523
Nov 2002	161	5	24.66	4.14	$3,991
Oct 2002	1	143	26.46	4.23	$631
Sep 2002	6	109	27.44	3.64	$561
Aug 2002	170	124	25.96	3.16	$4,806
Jul 2002	180	95	24.58	3.06	$4,715
Jun 2002	162	52	23.73	3.34	$4,018
May 2002	166	22	24.66	3.58	$4,172
Apr 2002	163	105	23.65	3.51	$4,224
Mar 2002	92	79	22.00	3.10	$2,269
Feb 2002	0	142	18.22	2.38	$337
Jan 2002	327	197	17.17	2.38	$6,083
Dec 2001	155	190	16.93	2.36	$3,073
Nov 2001	0	241	18.07	2.41	$580
Oct 2001	325	152	19.78	2.53	$6,813
Sep 2001	0	170	24.26	2.25	$383
Aug 2001	161	168	24.87	3.05	$4,517
Jul 2001	158	213	23.93	3.20	$4,462
Jun 2001	0	137	24.56	3.82	$524
May 2001	351	103	25.52	4.31	$9,401
Apr 2001	164	101	24.68	5.34	$4,586
Mar 2001	0	146	24.54	5.38	$785
Feb 2001	0	155	27.75	5.77	$894
Jan 2001	331	93	27.47	8.40	$9,874
Dec 2000	0	139	26.88	9.12	$1,268
Nov 2000	324	93	32.21	5.66	$10,962
Oct 2000	159	83	31.23	5.15	$5,393
Sep 2000	0	88	31.87	5.19	$456
Aug 2000	162	73	29.64	4.54	$5,133
Jul 2000	162	74	28.53	4.09	$4,925
Jun 2000	0	109	29.30	4.40	$479
May 2000	322	103	27.26	3.68	$9,157
Apr 2000	0	172	24.51	3.12	$536
Mar 2000	329	129	28.42	2.86	$9,719
Feb 2000	0	106	27.62	2.73	$289
Jan 2000	163	4	25.27	2.48	$4,129
Dec 1999	163	4	24.28	2.42	$3,967
Nov 1999	326	4	23.19	2.43	$7,570
Oct 1999	0	28	20.98	2.80	$79
Sep 1999	162	100	21.75	2.62	$3,785
Aug 1999	325	95	19.26	2.88	$6,533
Jul 1999	0	10	17.89	2.37	$24
Jun 1999	0	52	15.94	2.36	$123
May 1999	163	172	15.79	2.32	$2,973
Apr 1999	325	171	15.10	2.21	$5,285
Mar 1999	166	104	12.47	1.84	$2,261
Feb 1999	0	20	9.98	1.82	$36
Jan 1999	165	20	10.38	1.90	$1,751
Dec 1998	151	12	9.20	1.77	$1,410
Nov 1998	151	35	10.89	2.19	$1,721
Oct 1998	0	80	12.42	1.97	$158
Sep 1998	160	40	12.59	2.08	$2,098
Aug 1998	0	55	11.30	1.91	$105
Jul 1998	0	6	11.74	2.24	$13
Jun 1998	161	50	11.24	2.24	$1,922
May 1998	162	153	12.62	2.21	$2,382
Apr 1998	163	175	13.04	2.51	$2,564
Mar 1998	164	261	12.80	2.31	$2,702
Feb 1998	165	155	13.95	2.30	$2,658
Jan 1998	163	197	14.70	2.15	$2,821
Dec 1997	164	224	16.32	2.41	$3,217
Nov 1997	164	215	18.19	3.09	$3,647
Oct 1997	0	195	19.25	3.15	$614
Sep 1997	153	265	17.74	2.95	$3,497
Aug 1997	162	75	17.86	2.55	$3,085
Jul 1997	315	153	17.58	2.25	$5,881
Jun 1997	0	18	17.24	2.26	$41
May 1997	158	20	18.97	2.31	$3,043
Apr 1997	0	109	17.88	2.08	$227
Mar 1997	157	108	18.95	1.94	$3,185
Feb 1997	0	1	20.49	2.21	$2
Jan 1997	0	1	23.48	3.54	$4
Dec 1996	0	8	23.32	—	$0
Nov 1996	0	3	21.97	—	$0
Oct 1996	0	5	23.31	—	$0
Sep 1996	0	6	22.22	—	$0
Aug 1996	150	4	20.26	—	$3,039
Jul 1996	0	2	19.55	—	$0
Jun 1996	0	23	18.73	—	$0
May 1996	0	14	19.43	—	$0
Apr 1996	0	48	21.51	—	$0
Mar 1996	162	126	19.38	—	$3,140
Feb 1996	0	121	16.98	—	$0
Jan 1996	0	82	17.07	—	$0
Dec 1995	164	154	17.19	—	$2,819
Nov 1995	0	5	16.00	—	$0
Oct 1995	0	4	15.43	—	$0
Sep 1995	163	4	16.18	—	$2,637
Aug 1995	0	4	15.92	—	$0
Jul 1995	0	4	15.24	—	$0
Jun 1995	163	4	16.41	—	$2,675
May 1995	0	44	17.56	—	$0
Apr 1995	0	107	17.73	—	$0
Mar 1995	165	37	16.44	—	$2,713
Feb 1995	0	51	16.58	—	$0
Jan 1995	0	78	15.92	—	$0
Dec 1994	165	104	15.03	—	$2,480
Nov 1994	0	39	15.90	—	$0
Oct 1994	163	50	15.58	—	$2,540
Sep 1994	0	46	15.29	—	$0
Aug 1994	0	62	16.13	—	$0
Jul 1994	0	59	17.56	—	$0
Jun 1994	162	74	17.09	—	$2,769
May 1994	0	35	15.88	—	$0
Apr 1994	163	91	14.14	—	$2,305
Mar 1994	0	73	12.46	—	$0
Feb 1994	165	50	12.50	—	$2,063
Jan 1994	0	100	12.66	—	$0
Dec 1993	0	156	12.33	—	$0
Nov 1993	162	62	14.49	—	$2,347
Oct 1993	0	199	15.85	—	$0
Sep 1993	163	329	15.03	—	$2,450
Aug 1993	0	278	15.66	—	$0
Jul 1993	162	185	15.46	—	$2,505
Jun 1993	0	322	16.79	—	$0
May 1993	0	303	17.68	—	$0
Apr 1993	163	270	18.05	—	$2,942
Mar 1993	0	170	18.14	—	$0
Feb 1993	164	128	17.90	—	$2,936
Jan 1993	0	234	16.93	—	$0

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.

Jun 2013 — as filed, then multipliedworked

Oil                  106 bbl  × $ 94.40 =    $10,006
Casinghead gas         0 Mcf  × $  3.93 =         $0

────────────────────────────────────────────────────
Month total                                  $10,006

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/259 is the state's own key, not one this site invented.