UNIVERSITY SEC. 18B

Name: UNIVERSITY SEC. 18B lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by POLARIS PRODUCTION CORP. (P-5 669000) in the CROCKETT field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 403District 7CField 21766001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$166 k

Jan 1993 – Feb 2017

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

290

no gaps in the span

Streams

oil, casinghead gas

The CROCKETT 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 35 leases and 188 wells, and the rule below applies to all of them.

Discovered

1938-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 10 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.

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	6,521 bbl	$165,559
Casinghead gas	Production	21 Mcf	$0
Total			$165,559

21 Mcf of this lease's gas, across 21 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 31.0777, -102.0422. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.07767, -102.04219 · 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

1,548 ft

2 wells filed one

Completion to plug

45.8 years

median over 1 well

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 1,544 and 1,552 ft, median 1,548 ft, over the 2 wells that filed a depth.

Completions filed

Jan 1971

1 of 2 wells; 1 filed none

Plug dates filed

Nov 2016

2 of 2 wells

Last completion to plug: a median of 45.8 years across the 1 well that filed both dates, with the middle half between 45.8 years and 45.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-10501003	2	1,544 ft	—	Nov 2016	Yes
42-10530145	3	1,552 ft	Jan 1971	Nov 2016	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 (290)

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

290 months


Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	97	0	42.49	2.64	$4,122
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
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	31	0	96.56	4.18	$2,993
Jun 2014	164	0	98.16	4.74	$16,098
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	168	0	97.42	3.78	$16,367
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	6	0	102.52	3.72	$615
Jun 2013	4	0	94.40	3.93	$378
May 2013	2	0	94.83	4.15	$190
Apr 2013	2	0	93.96	4.28	$188
Mar 2013	170	0	93.62	3.91	$15,915
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	3	0	86.77	3.42	$260
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	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	25	0	84.98	3.65	$2,125
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	0	0	92.90	4.64	$0
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	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	31	0	78.10	3.51	$2,421
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
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	0	0	73.58	5.44	$0
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	45	0	65.54	3.06	$2,949
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	31	0	75.24	6.92	$2,332
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	35	0	56.65	6.92	$1,983
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	36	0	54.69	10.59	$1,969
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	39	0	43.24	5.28	$1,686
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	53	0	26.31	4.75	$1,394
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	16	0	26.91	4.85	$431
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	63	0	23.65	3.51	$1,490
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	11	0	23.19	2.43	$255
Oct 1999	25	0	20.98	2.80	$525
Sep 1999	22	0	21.75	2.62	$479
Aug 1999	21	0	19.26	2.88	$404
Jul 1999	20	0	17.89	2.37	$358
Jun 1999	35	0	15.94	2.36	$558
May 1999	42	0	15.79	2.32	$663
Apr 1999	38	0	15.10	2.21	$574
Mar 1999	34	0	12.47	1.84	$424
Feb 1999	30	0	9.98	1.82	$299
Jan 1999	41	0	10.38	1.90	$426
Dec 1998	65	0	9.20	1.77	$598
Nov 1998	27	0	10.89	2.19	$294
Oct 1998	75	0	12.42	1.97	$932
Sep 1998	91	0	12.59	2.08	$1,146
Aug 1998	91	0	11.30	1.91	$1,028
Jul 1998	50	0	11.74	2.24	$587
Jun 1998	56	0	11.24	2.24	$629
May 1998	102	0	12.62	2.21	$1,287
Apr 1998	108	0	13.04	2.51	$1,408
Mar 1998	103	0	12.80	2.31	$1,318
Feb 1998	102	0	13.95	2.30	$1,423
Jan 1998	144	0	14.70	2.15	$2,117
Dec 1997	80	0	16.32	2.41	$1,306
Nov 1997	75	0	18.19	3.09	$1,364
Oct 1997	49	0	19.25	3.15	$943
Sep 1997	72	0	17.74	2.95	$1,277
Aug 1997	55	0	17.86	2.55	$982
Jul 1997	70	0	17.58	2.25	$1,231
Jun 1997	91	0	17.24	2.26	$1,569
May 1997	67	0	18.97	2.31	$1,271
Apr 1997	87	0	17.88	2.08	$1,556
Mar 1997	70	0	18.95	1.94	$1,327
Feb 1997	76	0	20.49	2.21	$1,557
Jan 1997	50	0	23.48	3.54	$1,174
Dec 1996	21	0	23.32	—	$490
Nov 1996	77	0	21.97	—	$1,692
Oct 1996	81	0	23.31	—	$1,888
Sep 1996	57	0	22.22	—	$1,267
Aug 1996	67	0	20.26	—	$1,357
Jul 1996	67	0	19.55	—	$1,310
Jun 1996	69	0	18.73	—	$1,292
May 1996	74	0	19.43	—	$1,438
Apr 1996	73	0	21.51	—	$1,570
Mar 1996	53	0	19.38	—	$1,027
Feb 1996	66	0	16.98	—	$1,121
Jan 1996	57	0	17.07	—	$973
Dec 1995	70	0	17.19	—	$1,203
Nov 1995	87	0	16.00	—	$1,392
Oct 1995	72	0	15.43	—	$1,111
Sep 1995	77	0	16.18	—	$1,246
Aug 1995	89	0	15.92	—	$1,417
Jul 1995	71	0	15.24	—	$1,082
Jun 1995	84	0	16.41	—	$1,378
May 1995	69	0	17.56	—	$1,212
Apr 1995	73	0	17.73	—	$1,294
Mar 1995	78	0	16.44	—	$1,282
Feb 1995	75	0	16.58	—	$1,244
Jan 1995	46	0	15.92	—	$732
Dec 1994	75	0	15.03	—	$1,127
Nov 1994	68	0	15.90	—	$1,081
Oct 1994	63	0	15.58	—	$982
Sep 1994	70	1	15.29	—	$1,070
Aug 1994	67	1	16.13	—	$1,081
Jul 1994	79	1	17.56	—	$1,387
Jun 1994	82	1	17.09	—	$1,401
May 1994	71	1	15.88	—	$1,127
Apr 1994	56	1	14.14	—	$792
Mar 1994	69	1	12.46	—	$860
Feb 1994	72	1	12.50	—	$900
Jan 1994	60	1	12.66	—	$760
Dec 1993	41	1	12.33	—	$506
Nov 1993	55	1	14.49	—	$797
Oct 1993	78	1	15.85	—	$1,236
Sep 1993	67	1	15.03	—	$1,007
Aug 1993	74	1	15.66	—	$1,159
Jul 1993	68	1	15.46	—	$1,051
Jun 1993	76	1	16.79	—	$1,276
May 1993	60	1	17.68	—	$1,061
Apr 1993	77	1	18.05	—	$1,390
Mar 1993	76	1	18.14	—	$1,379
Feb 1993	75	1	17.90	—	$1,343
Jan 1993	93	1	16.93	—	$1,574

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.

Nov 2016 — as filed, then multipliedworked

Oil                   97 bbl  × $ 42.49 =     $4,122
Casinghead gas         0 Mcf  × $  2.64 =         $0

────────────────────────────────────────────────────
Month total                                   $4,122

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/403 is the state's own key, not one this site invented.