UNIVERSITY "58-18B"

Name: UNIVERSITY "58-18B" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MERIT ENERGY COMPANY (P-5 561136) 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 7718District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$432 k

Jan 1993 – Nov 2011

Value, last 12 filed months

at the published price for each month

Months reported

227

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	10,591 bbl	$289,697
Casinghead gas	Production	42,775 Mcf	$141,814
Total			$431,511

13,510 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 31.3129, -101.7152. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.31293, -101.71516 · 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

8,135 ft

1 wells filed one

Completion to plug

32.3 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 8,135 ft.

Completions filed

Nov 1978

1 of 1 wells

Plug dates filed

Feb 2011

1 of 1 wells

Last completion to plug: a median of 32.3 years across the 1 well that filed both dates, with the middle half between 32.3 years and 32.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38331292	1	8,135 ft	Nov 1978	Feb 2011	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 (227)

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

227 months


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	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	1	0	78.10	3.51	$78
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	1	0	72.55	4.74	$73
Jun 2010	0	0	70.36	4.91	$0
May 2010	3	0	71.12	4.24	$213
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	7	0	73.58	5.44	$515
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	19	0	71.44	5.48	$1,357
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	19	131	72.54	4.11	$1,917
Sep 2009	0	127	65.54	3.06	$389
Aug 2009	0	21	67.42	3.22	$68
Jul 2009	38	0	61.13	3.46	$2,323
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	21	54.74	3.93	$82
Apr 2009	74	64	46.77	3.59	$3,691
Mar 2009	70	119	42.14	4.06	$3,433
Feb 2009	0	119	32.81	4.63	$551
Jan 2009	0	131	35.86	5.37	$704
Dec 2008	48	127	37.10	5.98	$2,540
Nov 2008	0	131	55.49	6.86	$899
Oct 2008	0	142	75.24	6.92	$983
Sep 2008	0	136	101.76	7.88	$1,071
Aug 2008	0	141	114.22	8.48	$1,196
Jul 2008	65	100	131.08	11.39	$9,659
Jun 2008	0	127	131.33	13.03	$1,655
May 2008	0	131	123.17	11.57	$1,516
Apr 2008	71	73	110.31	10.45	$8,595
Mar 2008	0	156	101.90	9.66	$1,508
Feb 2008	58	106	92.53	8.77	$6,296
Jan 2008	0	151	90.38	8.21	$1,239
Dec 2007	57	108	88.33	7.30	$5,823
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	56	176	82.85	6.92	$5,858
Sep 2007	0	127	75.84	6.24	$793
Aug 2007	106	89	69.06	6.39	$7,889
Jul 2007	0	131	70.90	6.39	$837
Jun 2007	0	127	62.00	7.55	$959
May 2007	0	131	58.74	7.85	$1,028
Apr 2007	0	130	59.61	7.81	$1,015
Mar 2007	49	131	56.92	7.30	$3,746
Feb 2007	0	134	55.10	8.22	$1,101
Jan 2007	0	123	50.30	6.73	$827
Dec 2006	0	198	56.65	6.92	$1,370
Nov 2006	45	181	54.20	7.62	$3,818
Oct 2006	49	131	54.90	6.01	$3,478
Sep 2006	54	127	60.08	5.04	$3,884
Aug 2006	63	131	68.71	7.34	$5,290
Jul 2006	54	131	69.37	6.34	$4,577
Jun 2006	0	127	66.28	6.38	$811
May 2006	0	131	66.01	6.42	$842
Apr 2006	87	206	64.39	7.36	$7,118
Mar 2006	0	93	56.70	7.08	$659
Feb 2006	43	129	57.59	7.75	$3,476
Jan 2006	39	177	60.59	8.93	$3,944
Dec 2005	0	162	54.94	13.42	$2,173
Nov 2005	0	175	54.69	10.59	$1,853
Oct 2005	51	145	58.34	13.80	$4,976
Sep 2005	0	148	61.45	12.08	$1,788
Aug 2005	58	263	61.51	9.80	$6,144
Jul 2005	55	182	55.69	7.84	$4,490
Jun 2005	0	171	52.33	7.38	$1,262
May 2005	168	256	45.22	6.65	$9,300
Apr 2005	0	165	49.20	7.36	$1,214
Mar 2005	0	210	50.37	7.15	$1,503
Feb 2005	0	185	45.22	6.31	$1,168
Jan 2005	0	336	43.16	6.32	$2,124
Dec 2004	91	281	39.86	6.75	$5,524
Nov 2004	0	228	45.28	6.33	$1,443
Oct 2004	0	264	49.70	6.52	$1,720
Sep 2004	72	273	43.24	5.28	$4,556
Aug 2004	72	318	42.37	5.55	$4,816
Jul 2004	0	304	38.28	6.08	$1,850
Jun 2004	72	318	36.10	6.43	$4,645
May 2004	165	300	37.48	6.49	$8,133
Apr 2004	0	265	34.47	5.86	$1,552
Mar 2004	0	239	34.36	5.53	$1,322
Feb 2004	79	215	32.45	5.51	$3,748
Jan 2004	0	192	32.03	6.30	$1,210
Dec 2003	78	193	30.26	6.30	$3,577
Nov 2003	91	219	28.80	4.60	$3,627
Oct 2003	0	206	28.17	4.76	$980
Sep 2003	73	209	26.31	4.75	$2,913
Aug 2003	0	268	29.76	5.13	$1,375
Jul 2003	79	279	29.41	5.17	$3,766
Jun 2003	92	258	28.56	5.98	$4,171
May 2003	114	276	26.59	5.97	$4,680
Apr 2003	0	295	26.67	5.41	$1,595
Mar 2003	77	268	31.14	6.10	$4,032
Feb 2003	32	181	33.48	7.93	$2,506
Jan 2003	27	53	30.31	5.58	$1,114
Dec 2002	66	0	26.91	4.85	$1,776
Nov 2002	0	111	24.66	4.14	$459
Oct 2002	0	140	26.46	4.23	$592
Sep 2002	105	138	27.44	3.64	$3,383
Aug 2002	0	178	25.96	3.16	$563
Jul 2002	104	112	24.58	3.06	$2,899
Jun 2002	76	171	23.73	3.34	$2,374
May 2002	76	172	24.66	3.58	$2,491
Apr 2002	0	177	23.65	3.51	$622
Mar 2002	73	165	22.00	3.10	$2,118
Feb 2002	74	173	18.22	2.38	$1,759
Jan 2002	0	181	17.17	2.38	$430
Dec 2001	93	183	16.93	2.36	$2,007
Nov 2001	98	215	18.07	2.41	$2,288
Oct 2001	0	327	19.78	2.53	$827
Sep 2001	98	412	24.26	2.25	$3,305
Aug 2001	0	370	24.87	3.05	$1,130
Jul 2001	88	128	23.93	3.20	$2,515
Jun 2001	0	132	24.56	3.82	$505
May 2001	93	137	25.52	4.31	$2,963
Apr 2001	92	227	24.68	5.34	$3,482
Mar 2001	0	231	24.54	5.38	$1,242
Feb 2001	90	149	27.75	5.77	$3,357
Jan 2001	90	217	27.47	8.40	$4,295
Dec 2000	0	199	26.88	9.12	$1,815
Nov 2000	91	157	32.21	5.66	$3,819
Oct 2000	86	247	31.23	5.15	$3,957
Sep 2000	0	217	31.87	5.19	$1,125
Aug 2000	176	208	29.64	4.54	$6,161
Jul 2000	87	251	28.53	4.09	$3,509
Jun 2000	0	129	29.30	4.40	$567
May 2000	88	258	27.26	3.68	$3,348
Apr 2000	0	247	24.51	3.12	$770
Mar 2000	84	242	28.42	2.86	$3,079
Feb 2000	87	263	27.62	2.73	$3,120
Jan 2000	0	254	25.27	2.48	$630
Dec 1999	86	225	24.28	2.42	$2,633
Nov 1999	0	225	23.19	2.43	$548
Oct 1999	173	200	20.98	2.80	$4,190
Sep 1999	0	277	21.75	2.62	$725
Aug 1999	0	257	19.26	2.88	$739
Jul 1999	88	233	17.89	2.37	$2,127
Jun 1999	0	112	15.94	2.36	$265
May 1999	56	210	15.79	2.32	$1,372
Apr 1999	88	230	15.10	2.21	$1,837
Mar 1999	93	297	12.47	1.84	$1,706
Feb 1999	91	208	9.98	1.82	$1,286
Jan 1999	93	227	10.38	1.90	$1,397
Dec 1998	181	243	9.20	1.77	$2,096
Nov 1998	94	194	10.89	2.19	$1,448
Oct 1998	0	198	12.42	1.97	$390
Sep 1998	86	245	12.59	2.08	$1,593
Aug 1998	0	227	11.30	1.91	$433
Jul 1998	0	237	11.74	2.24	$530
Jun 1998	0	213	11.24	2.24	$477
May 1998	0	228	12.62	2.21	$503
Apr 1998	93	293	13.04	2.51	$1,947
Mar 1998	92	239	12.80	2.31	$1,730
Feb 1998	0	157	13.95	2.30	$361
Jan 1998	87	222	14.70	2.15	$1,757
Dec 1997	85	203	16.32	2.41	$1,877
Nov 1997	84	214	18.19	3.09	$2,189
Oct 1997	0	257	19.25	3.15	$810
Sep 1997	87	260	17.74	2.95	$2,312
Aug 1997	92	351	17.86	2.55	$2,540
Jul 1997	0	223	17.58	2.25	$501
Jun 1997	167	289	17.24	2.26	$3,531
May 1997	0	279	18.97	2.31	$644
Apr 1997	92	263	17.88	2.08	$2,193
Mar 1997	88	262	18.95	1.94	$2,176
Feb 1997	0	210	20.49	2.21	$463
Jan 1997	91	216	23.48	3.54	$2,901
Dec 1996	96	222	23.32	—	$2,239
Nov 1996	89	221	21.97	—	$1,955
Oct 1996	88	260	23.31	—	$2,051
Sep 1996	89	218	22.22	—	$1,978
Aug 1996	0	223	20.26	—	$0
Jul 1996	90	236	19.55	—	$1,760
Jun 1996	91	232	18.73	—	$1,704
May 1996	90	259	19.43	—	$1,749
Apr 1996	93	237	21.51	—	$2,000
Mar 1996	92	240	19.38	—	$1,783
Feb 1996	0	249	16.98	—	$0
Jan 1996	95	297	17.07	—	$1,622
Dec 1995	92	254	17.19	—	$1,581
Nov 1995	93	291	16.00	—	$1,488
Oct 1995	91	325	15.43	—	$1,404
Sep 1995	95	303	16.18	—	$1,537
Aug 1995	0	289	15.92	—	$0
Jul 1995	92	306	15.24	—	$1,402
Jun 1995	89	279	16.41	—	$1,460
May 1995	93	273	17.56	—	$1,633
Apr 1995	89	281	17.73	—	$1,578
Mar 1995	92	300	16.44	—	$1,512
Feb 1995	90	249	16.58	—	$1,492
Jan 1995	92	297	15.92	—	$1,465
Dec 1994	93	293	15.03	—	$1,398
Nov 1994	95	313	15.90	—	$1,511
Oct 1994	92	318	15.58	—	$1,433
Sep 1994	91	301	15.29	—	$1,391
Aug 1994	0	317	16.13	—	$0
Jul 1994	89	329	17.56	—	$1,563
Jun 1994	91	253	17.09	—	$1,555
May 1994	93	235	15.88	—	$1,477
Apr 1994	272	256	14.14	—	$3,846
Mar 1994	0	287	12.46	—	$0
Feb 1994	0	272	12.50	—	$0
Jan 1994	0	321	12.66	—	$0
Dec 1993	0	321	12.33	—	$0
Nov 1993	0	317	14.49	—	$0
Oct 1993	92	321	15.85	—	$1,458
Sep 1993	91	317	15.03	—	$1,368
Aug 1993	91	321	15.66	—	$1,425
Jul 1993	91	321	15.46	—	$1,407
Jun 1993	93	317	16.79	—	$1,561
May 1993	95	315	17.68	—	$1,680
Apr 1993	93	232	18.05	—	$1,679
Mar 1993	92	324	18.14	—	$1,669
Feb 1993	92	256	17.90	—	$1,647
Jan 1993	0	312	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.

Oct 2010 — as filed, then multipliedworked

Oil                    1 bbl  × $ 78.10 =        $78
Casinghead gas         0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                      $78

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/7718 is the state's own key, not one this site invented.