UNIVERSITY "10-11C"

Name: UNIVERSITY "10-11C" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CONCHO RESOURCES INC. (P-5 170181) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7670District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$86 k

Jan 1993 – Jun 2000

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered

1904-12-31

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 2016-03-08.

The Commission's schedule remark for this field reads: “AREA) 85279200.”

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	3,983 bbl	$67,830
Casinghead gas	Production	20,956 Mcf	$17,764
Total			$85,594

13,542 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 (1)

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 31.2841, -101.5388. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.28410, -101.53878 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

7,530 ft

1 wells filed one

Completion to plug

21.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 7,530 ft.

Completions filed

Oct 1978

1 of 1 wells

Plug dates filed

May 2000

1 of 1 wells

Last completion to plug: a median of 21.6 years across the 1 well that filed both dates, with the middle half between 21.6 years and 21.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38331268	1	7,530 ft	Oct 1978	May 2000	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 (90)

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

90 months


Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	70	86	24.51	3.12	$1,984
Mar 2000	37	204	28.42	2.86	$1,635
Feb 2000	25	169	27.62	2.73	$1,151
Jan 2000	61	124	25.27	2.48	$1,849
Dec 1999	0	188	24.28	2.42	$456
Nov 1999	32	163	23.19	2.43	$1,139
Oct 1999	31	168	20.98	2.80	$1,121
Sep 1999	36	166	21.75	2.62	$1,218
Aug 1999	31	188	19.26	2.88	$1,138
Jul 1999	63	158	17.89	2.37	$1,502
Jun 1999	24	194	15.94	2.36	$841
May 1999	32	264	15.79	2.32	$1,118
Apr 1999	31	254	15.10	2.21	$1,029
Mar 1999	61	189	12.47	1.84	$1,108
Feb 1999	0	119	9.98	1.82	$216
Jan 1999	92	165	10.38	1.90	$1,268
Dec 1998	30	123	9.20	1.77	$494
Nov 1998	0	131	10.89	2.19	$286
Oct 1998	29	150	12.42	1.97	$656
Sep 1998	56	194	12.59	2.08	$1,109
Aug 1998	29	69	11.30	1.91	$459
Jul 1998	0	92	11.74	2.24	$206
Jun 1998	0	132	11.24	2.24	$295
May 1998	34	119	12.62	2.21	$692
Apr 1998	31	145	13.04	2.51	$768
Mar 1998	63	194	12.80	2.31	$1,254
Feb 1998	30	174	13.95	2.30	$819
Jan 1998	58	167	14.70	2.15	$1,212
Dec 1997	32	155	16.32	2.41	$896
Nov 1997	31	94	18.19	3.09	$854
Oct 1997	58	174	19.25	3.15	$1,665
Sep 1997	29	218	17.74	2.95	$1,159
Aug 1997	61	200	17.86	2.55	$1,600
Jul 1997	31	269	17.58	2.25	$1,149
Jun 1997	60	237	17.24	2.26	$1,569
May 1997	31	372	18.97	2.31	$1,447
Apr 1997	29	371	17.88	2.08	$1,291
Mar 1997	31	273	18.95	1.94	$1,117
Feb 1997	61	274	20.49	2.21	$1,854
Jan 1997	31	288	23.48	3.54	$1,747
Dec 1996	31	292	23.32	—	$723
Nov 1996	54	276	21.97	—	$1,186
Oct 1996	60	252	23.31	—	$1,399
Sep 1996	30	195	22.22	—	$667
Aug 1996	32	225	20.26	—	$648
Jul 1996	61	271	19.55	—	$1,193
Jun 1996	35	265	18.73	—	$656
May 1996	59	264	19.43	—	$1,146
Apr 1996	30	264	21.51	—	$645
Mar 1996	60	258	19.38	—	$1,163
Feb 1996	32	241	16.98	—	$543
Jan 1996	61	235	17.07	—	$1,041
Dec 1995	63	315	17.19	—	$1,083
Nov 1995	31	337	16.00	—	$496
Oct 1995	60	372	15.43	—	$926
Sep 1995	34	298	16.18	—	$550
Aug 1995	60	320	15.92	—	$955
Jul 1995	29	296	15.24	—	$442
Jun 1995	60	319	16.41	—	$985
May 1995	59	293	17.56	—	$1,036
Apr 1995	66	318	17.73	—	$1,170
Mar 1995	30	353	16.44	—	$493
Feb 1995	61	358	16.58	—	$1,011
Jan 1995	61	366	15.92	—	$971
Dec 1994	62	347	15.03	—	$932
Nov 1994	65	359	15.90	—	$1,034
Oct 1994	62	307	15.58	—	$966
Sep 1994	32	320	15.29	—	$489
Aug 1994	61	319	16.13	—	$984
Jul 1994	60	333	17.56	—	$1,054
Jun 1994	30	245	17.09	—	$513
May 1994	62	255	15.88	—	$985
Apr 1994	92	315	14.14	—	$1,301
Mar 1994	61	347	12.46	—	$760
Feb 1994	34	289	12.50	—	$425
Jan 1994	91	346	12.66	—	$1,152
Dec 1993	63	296	12.33	—	$777
Nov 1993	0	275	14.49	—	$0
Oct 1993	60	245	15.85	—	$951
Sep 1993	60	222	15.03	—	$902
Aug 1993	62	180	15.66	—	$971
Jul 1993	30	167	15.46	—	$464
Jun 1993	60	184	16.79	—	$1,007
May 1993	62	276	17.68	—	$1,096
Apr 1993	60	166	18.05	—	$1,083
Mar 1993	61	259	18.14	—	$1,107
Feb 1993	62	229	17.90	—	$1,110
Jan 1993	61	278	16.93	—	$1,033

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.

Apr 2000 — as filed, then multipliedworked

Oil                   70 bbl  × $ 24.51 =     $1,716
Casinghead gas        86 Mcf  × $  3.12 =       $268

────────────────────────────────────────────────────
Month total                                   $1,984

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/7670 is the state's own key, not one this site invented.