UNIVERSITY "9-G"

Operated by HANK OIL & GAS, INC. (P-5 354626) 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 7755District 7CField 30243500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$90 k
Jan 1993 – Jun 2003
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
126
no gaps in the span
Streams
2
oil, casinghead gas

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA2none

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.

StreamBasisVolumeValue
OilDisposition5,010 bbl$89,644
Casinghead gasProduction21 Mcf$0
Total$89,644

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 31.1238, -101.3358. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.12378, -101.33579 · centre of the wells drawn, derived

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
2,560 ft
2 wells filed one
Completion to plug
20.2 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 2,520 and 2,600 ft, median 2,560 ft, over the 2 wells that filed a depth.

Completions filed
Feb 1979 – Mar 1983
2 of 2 wells
Plug dates filed
Jan 2000 – Aug 2002
2 of 2 wells

Last completion to plug: a median of 20.2 years across the 2 wells that filed both dates, with the middle half between 18.5 years and 21.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3833247822,520 ftMar 1983Jan 2000Yes
42-3833123912,600 ftFeb 1979Aug 2002Yes

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 (126)

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

126 months

Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20028025.963.16$208
Jul 200241024.583.06$1,008
Jun 20020023.733.34$0
May 200241024.663.58$1,011
Apr 20020023.653.51$0
Mar 200244022.003.10$968
Feb 20020018.222.38$0
Jan 200243017.172.38$738
Dec 200144016.932.36$745
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 200144024.262.25$1,067
Aug 20010024.873.05$0
Jul 200140023.933.20$957
Jun 200144024.563.82$1,081
May 20010025.524.31$0
Apr 200142024.685.34$1,037
Mar 20010024.545.38$0
Feb 200146027.755.77$1,277
Jan 20010027.478.40$0
Dec 200038026.889.12$1,021
Nov 200046032.215.66$1,482
Oct 200012031.235.15$375
Sep 200041031.875.19$1,307
Aug 20000029.644.54$0
Jul 200044028.534.09$1,255
Jun 20000029.304.40$0
May 200030027.263.68$818
Apr 200042024.513.12$1,029
Mar 200031028.422.86$881
Feb 200046027.622.73$1,271
Jan 20000025.272.48$0
Dec 199942024.282.42$1,020
Nov 199946023.192.43$1,067
Oct 199945020.982.80$944
Sep 19990021.752.62$0
Aug 199958019.262.88$1,117
Jul 199946017.892.37$823
Jun 199945015.942.36$717
May 199942015.792.32$663
Apr 199942015.102.21$634
Mar 19990012.471.84$0
Feb 19994809.981.82$479
Jan 199947010.381.90$488
Dec 19985709.201.77$524
Nov 199835010.892.19$381
Oct 199876012.421.97$944
Sep 199849012.592.08$617
Aug 199847011.301.91$531
Jul 199849011.742.24$575
Jun 199849011.242.24$551
May 199846012.622.21$581
Apr 199852013.042.51$678
Mar 199853012.802.31$678
Feb 199846013.952.30$642
Jan 199874014.702.15$1,088
Dec 199748016.322.41$783
Nov 199749018.193.09$891
Oct 199751019.253.15$982
Sep 199748017.742.95$852
Aug 199747017.862.55$839
Jul 199753017.582.25$932
Jun 199745017.242.26$776
May 199729018.972.31$550
Apr 199754017.882.08$966
Mar 199755018.951.94$1,042
Feb 199768020.492.21$1,393
Jan 199750023.483.54$1,174
Dec 199651023.32$1,189
Nov 19960021.97$0
Oct 199646023.31$1,072
Sep 199649022.22$1,089
Aug 199648020.26$972
Jul 199653019.55$1,036
Jun 199652018.73$974
May 199653019.43$1,030
Apr 199654021.51$1,162
Mar 199656019.38$1,085
Feb 199653016.98$900
Jan 199647017.07$802
Dec 199554017.19$928
Nov 199555016.00$880
Oct 199552015.43$802
Sep 199550016.18$809
Aug 199552015.92$828
Jul 199553015.24$808
Jun 199557016.41$935
May 199551017.56$896
Apr 199547017.73$833
Mar 199552016.44$855
Feb 199551016.58$846
Jan 199552015.92$828
Dec 199450015.03$752
Nov 199450015.90$795
Oct 199451015.58$795
Sep 199448115.29$734
Aug 1994101116.13$1,629
Jul 199449117.56$860
Jun 199452117.09$889
May 199451115.88$810
Apr 199450114.14$707
Mar 199448112.46$598
Feb 19940112.50$0
Jan 199451112.66$646
Dec 199350112.33$617
Nov 199346114.49$667
Oct 199398115.85$1,553
Sep 199350115.03$752
Aug 199349115.66$767
Jul 1993105115.46$1,623
Jun 199350116.79$840
May 199350117.68$884
Apr 199350118.05$903
Mar 199354118.14$980
Feb 1993107117.90$1,915
Jan 199354116.93$914

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.

Aug 2002 — as filed, then multipliedworked
Oil                    8 bbl  × $ 25.96 =       $208
Casinghead gas         0 Mcf  × $  3.16 =         $0

────────────────────────────────────────────────────
Month total                                     $208

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/7755 is the state's own key, not one this site invented.