UNIVERSITY -J-

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

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) in the FARMER (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 460District 7CField 30243500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$517 k

Jan 1993 – Jun 2012

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

234

no gaps in the span

Streams

oil, casinghead gas

The FARMER (SAN ANDRES) 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 351 leases and 1,445 wells, and the rule below applies to all of them.

Discovered

1953-01-10

as the register files it

Field class

Oil and gas

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 field rule took effect on 1997-12-16.

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: “PER DOCKET 7C-0214566 ON 3/7/97.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	13,948 bbl	$400,743
Casinghead gas	Production	36,792 Mcf	$116,338
Total			$517,081

15,127 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 (3)

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 31.0510, -101.4248. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.05155, -101.42548 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

2,575 ft

3 wells filed one

Completion to plug

31.7 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

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

3100.0%

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 2,500 and 2,600 ft, median 2,575 ft, over the 3 wells that filed a depth.

Completions filed

Jun 1958 – Sep 1980

3 of 3 wells

Plug dates filed

Oct 2006 – May 2012

3 of 3 wells

Last completion to plug: a median of 31.7 years across the 3 wells that filed both dates, with the middle half between 28.9 years and 42.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-10502329	2	2,575 ft	Sep 1980	Oct 2006	Yes
42-10502320	1	2,600 ft	Sep 1980	May 2012	Yes
42-10502339	3D	2,500 ft	Jun 1958	May 2012	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 (234)

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

234 months


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	0	0	84.98	3.65	$0
Sep 2011	4	0	83.62	3.99	$334
Aug 2011	29	101	83.40	4.15	$2,838
Jul 2011	28	100	94.14	4.52	$3,088
Jun 2011	26	85	92.90	4.64	$2,810
May 2011	27	89	98.13	4.40	$3,042
Apr 2011	28	92	105.96	4.33	$3,366
Mar 2011	32	96	96.36	4.06	$3,473
Feb 2011	21	86	85.64	4.18	$2,158
Jan 2011	4	85	86.50	4.59	$736
Dec 2010	26	103	85.73	4.35	$2,677
Nov 2010	26	129	80.84	3.80	$2,591
Oct 2010	27	133	78.10	3.51	$2,575
Sep 2010	26	129	72.63	3.98	$2,402
Aug 2010	74	0	73.68	4.42	$5,452
Jul 2010	30	133	72.55	4.74	$2,806
Jun 2010	27	126	70.36	4.91	$2,518
May 2010	24	121	71.12	4.24	$2,219
Apr 2010	22	118	81.69	4.12	$2,284
Mar 2010	28	122	78.39	4.39	$2,730
Feb 2010	24	104	73.58	5.44	$2,332
Jan 2010	26	114	74.36	5.96	$2,613
Dec 2009	27	117	71.44	5.48	$2,570
Nov 2009	27	118	74.59	3.75	$2,457
Oct 2009	27	76	72.54	4.11	$2,271
Sep 2009	27	124	65.54	3.06	$2,150
Aug 2009	28	124	67.42	3.22	$2,287
Jul 2009	27	130	61.13	3.46	$2,101
Jun 2009	25	116	66.16	3.90	$2,106
May 2009	29	131	54.74	3.93	$2,102
Apr 2009	25	124	46.77	3.59	$1,614
Mar 2009	27	119	42.14	4.06	$1,621
Feb 2009	26	115	32.81	4.63	$1,386
Jan 2009	28	129	35.86	5.37	$1,697
Dec 2008	28	123	37.10	5.98	$1,774
Nov 2008	28	129	55.49	6.86	$2,439
Oct 2008	29	137	75.24	6.92	$3,130
Sep 2008	18	104	101.76	7.88	$2,651
Aug 2008	27	129	114.22	8.48	$4,178
Jul 2008	29	136	131.08	11.39	$5,350
Jun 2008	25	139	131.33	13.03	$5,095
May 2008	29	139	123.17	11.57	$5,181
Apr 2008	21	127	110.31	10.45	$3,644
Mar 2008	27	139	101.90	9.66	$4,095
Feb 2008	26	125	92.53	8.77	$3,502
Jan 2008	30	127	90.38	8.21	$3,754
Dec 2007	26	130	88.33	7.30	$3,246
Nov 2007	27	125	91.67	7.29	$3,387
Oct 2007	28	136	82.85	6.92	$3,261
Sep 2007	25	131	75.84	6.24	$2,714
Aug 2007	27	124	69.06	6.39	$2,657
Jul 2007	26	123	70.90	6.39	$2,629
Jun 2007	27	115	62.00	7.55	$2,542
May 2007	25	127	58.74	7.85	$2,465
Apr 2007	29	131	59.61	7.81	$2,751
Mar 2007	28	135	56.92	7.30	$2,580
Feb 2007	23	110	55.10	8.22	$2,171
Jan 2007	27	123	50.30	6.73	$2,186
Dec 2006	25	133	56.65	6.92	$2,336
Nov 2006	28	133	54.20	7.62	$2,531
Oct 2006	29	141	54.90	6.01	$2,440
Sep 2006	29	133	60.08	5.04	$2,412
Aug 2006	27	135	68.71	7.34	$2,846
Jul 2006	25	143	69.37	6.34	$2,641
Jun 2006	25	137	66.28	6.38	$2,532
May 2006	29	140	66.01	6.42	$2,814
Apr 2006	25	135	64.39	7.36	$2,603
Mar 2006	28	135	56.70	7.08	$2,544
Feb 2006	22	123	57.59	7.75	$2,220
Jan 2006	24	139	60.59	8.93	$2,696
Dec 2005	23	139	54.94	13.42	$3,128
Nov 2005	48	141	54.69	10.59	$4,118
Oct 2005	46	150	58.34	13.80	$4,753
Sep 2005	48	127	61.45	12.08	$4,484
Aug 2005	50	130	61.51	9.80	$4,349
Jul 2005	51	154	55.69	7.84	$4,048
Jun 2005	43	138	52.33	7.38	$3,269
May 2005	53	143	45.22	6.65	$3,348
Apr 2005	49	145	49.20	7.36	$3,478
Mar 2005	56	300	50.37	7.15	$4,967
Feb 2005	47	128	45.22	6.31	$2,933
Jan 2005	56	147	43.16	6.32	$3,346
Dec 2004	50	136	39.86	6.75	$2,911
Nov 2004	50	149	45.28	6.33	$3,207
Oct 2004	53	154	49.70	6.52	$3,637
Sep 2004	55	147	43.24	5.28	$3,155
Aug 2004	53	124	42.37	5.55	$2,934
Jul 2004	51	137	38.28	6.08	$2,786
Jun 2004	52	133	36.10	6.43	$2,733
May 2004	50	134	37.48	6.49	$2,744
Apr 2004	54	131	34.47	5.86	$2,629
Mar 2004	56	136	34.36	5.53	$2,676
Feb 2004	51	118	32.45	5.51	$2,305
Jan 2004	53	103	32.03	6.30	$2,346
Dec 2003	54	129	30.26	6.30	$2,447
Nov 2003	51	120	28.80	4.60	$2,020
Oct 2003	56	138	28.17	4.76	$2,234
Sep 2003	51	133	26.31	4.75	$1,973
Aug 2003	57	147	29.76	5.13	$2,450
Jul 2003	56	130	29.41	5.17	$2,319
Jun 2003	53	122	28.56	5.98	$2,244
May 2003	54	138	26.59	5.97	$2,260
Apr 2003	56	136	26.67	5.41	$2,229
Mar 2003	57	149	31.14	6.10	$2,683
Feb 2003	51	122	33.48	7.93	$2,674
Jan 2003	58	149	30.31	5.58	$2,590
Dec 2002	58	152	26.91	4.85	$2,299
Nov 2002	56	147	24.66	4.14	$1,989
Oct 2002	60	133	26.46	4.23	$2,150
Sep 2002	58	156	27.44	3.64	$2,159
Aug 2002	56	167	25.96	3.16	$1,982
Jul 2002	58	169	24.58	3.06	$1,943
Jun 2002	57	163	23.73	3.34	$1,897
May 2002	58	166	24.66	3.58	$2,025
Apr 2002	55	155	23.65	3.51	$1,845
Mar 2002	60	162	22.00	3.10	$1,823
Feb 2002	49	141	18.22	2.38	$1,228
Jan 2002	58	152	17.17	2.38	$1,357
Dec 2001	55	146	16.93	2.36	$1,276
Nov 2001	56	157	18.07	2.41	$1,390
Oct 2001	59	169	19.78	2.53	$1,594
Sep 2001	57	159	24.26	2.25	$1,741
Aug 2001	60	164	24.87	3.05	$1,993
Jul 2001	61	187	23.93	3.20	$2,058
Jun 2001	56	181	24.56	3.82	$2,068
May 2001	64	194	25.52	4.31	$2,469
Apr 2001	57	154	24.68	5.34	$2,228
Mar 2001	61	167	24.54	5.38	$2,395
Feb 2001	53	162	27.75	5.77	$2,405
Jan 2001	60	178	27.47	8.40	$3,143
Dec 2000	53	168	26.88	9.12	$2,957
Nov 2000	51	173	32.21	5.66	$2,622
Oct 2000	58	172	31.23	5.15	$2,696
Sep 2000	50	142	31.87	5.19	$2,330
Aug 2000	60	163	29.64	4.54	$2,519
Jul 2000	62	182	28.53	4.09	$2,513
Jun 2000	50	165	29.30	4.40	$2,191
May 2000	61	282	27.26	3.68	$2,701
Apr 2000	59	328	24.51	3.12	$2,468
Mar 2000	84	313	28.42	2.86	$3,282
Feb 2000	56	120	27.62	2.73	$1,874
Jan 2000	5	0	25.27	2.48	$126
Dec 1999	6	0	24.28	2.42	$146
Nov 1999	10	0	23.19	2.43	$232
Oct 1999	6	0	20.98	2.80	$126
Sep 1999	6	0	21.75	2.62	$131
Aug 1999	6	0	19.26	2.88	$116
Jul 1999	6	0	17.89	2.37	$107
Jun 1999	11	0	15.94	2.36	$175
May 1999	10	0	15.79	2.32	$158
Apr 1999	9	0	15.10	2.21	$136
Mar 1999	10	0	12.47	1.84	$125
Feb 1999	9	0	9.98	1.82	$90
Jan 1999	8	0	10.38	1.90	$83
Dec 1998	12	0	9.20	1.77	$110
Nov 1998	17	0	10.89	2.19	$185
Oct 1998	84	60	12.42	1.97	$1,161
Sep 1998	76	52	12.59	2.08	$1,065
Aug 1998	71	57	11.30	1.91	$911
Jul 1998	85	102	11.74	2.24	$1,226
Jun 1998	70	111	11.24	2.24	$1,035
May 1998	68	120	12.62	2.21	$1,123
Apr 1998	64	82	13.04	2.51	$1,040
Mar 1998	61	74	12.80	2.31	$952
Feb 1998	62	71	13.95	2.30	$1,028
Jan 1998	124	105	14.70	2.15	$2,049
Dec 1997	119	116	16.32	2.41	$2,222
Nov 1997	77	96	18.19	3.09	$1,697
Oct 1997	81	131	19.25	3.15	$1,972
Sep 1997	41	132	17.74	2.95	$1,117
Aug 1997	49	123	17.86	2.55	$1,189
Jul 1997	91	193	17.58	2.25	$2,033
Jun 1997	52	171	17.24	2.26	$1,282
May 1997	327	0	18.97	2.31	$6,203
Apr 1997	279	150	17.88	2.08	$5,301
Mar 1997	240	146	18.95	1.94	$4,831
Feb 1997	141	122	20.49	2.21	$3,158
Jan 1997	97	125	23.48	3.54	$2,720
Dec 1996	67	134	23.32	—	$1,562
Nov 1996	96	183	21.97	—	$2,109
Oct 1996	232	161	23.31	—	$5,408
Sep 1996	246	247	22.22	—	$5,466
Aug 1996	259	201	20.26	—	$5,247
Jul 1996	255	191	19.55	—	$4,985
Jun 1996	200	179	18.73	—	$3,746
May 1996	44	145	19.43	—	$855
Apr 1996	57	170	21.51	—	$1,226
Mar 1996	52	212	19.38	—	$1,008
Feb 1996	55	255	16.98	—	$934
Jan 1996	68	238	17.07	—	$1,161
Dec 1995	55	314	17.19	—	$945
Nov 1995	73	339	16.00	—	$1,168
Oct 1995	109	365	15.43	—	$1,682
Sep 1995	120	319	16.18	—	$1,942
Aug 1995	123	327	15.92	—	$1,958
Jul 1995	195	358	15.24	—	$2,972
Jun 1995	144	331	16.41	—	$2,363
May 1995	224	355	17.56	—	$3,933
Apr 1995	84	358	17.73	—	$1,489
Mar 1995	101	364	16.44	—	$1,660
Feb 1995	86	325	16.58	—	$1,426
Jan 1995	112	326	15.92	—	$1,783
Dec 1994	96	336	15.03	—	$1,443
Nov 1994	92	338	15.90	—	$1,463
Oct 1994	98	362	15.58	—	$1,527
Sep 1994	88	341	15.29	—	$1,346
Aug 1994	108	375	16.13	—	$1,742
Jul 1994	94	388	17.56	—	$1,651
Jun 1994	95	404	17.09	—	$1,624
May 1994	83	431	15.88	—	$1,318
Apr 1994	112	362	14.14	—	$1,584
Mar 1994	118	379	12.46	—	$1,470
Feb 1994	122	312	12.50	—	$1,525
Jan 1994	243	313	12.66	—	$3,076
Dec 1993	115	363	12.33	—	$1,418
Nov 1993	169	514	14.49	—	$2,449
Oct 1993	113	418	15.85	—	$1,791
Sep 1993	123	507	15.03	—	$1,849
Aug 1993	75	270	15.66	—	$1,175
Jul 1993	143	330	15.46	—	$2,211
Jun 1993	80	286	16.79	—	$1,343
May 1993	88	327	17.68	—	$1,556
Apr 1993	124	295	18.05	—	$2,238
Mar 1993	91	296	18.14	—	$1,651
Feb 1993	100	310	17.90	—	$1,790
Jan 1993	120	473	16.93	—	$2,032

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.

Sep 2011 — as filed, then multipliedworked

Oil                    4 bbl  × $ 83.62 =       $334
Casinghead gas         0 Mcf  × $  3.99 =         $0

────────────────────────────────────────────────────
Month total                                     $334

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/460 is the state's own key, not one this site invented.