UNIVERSITY "49-1"

Operated by L & M OPERATING, INC. (P-5 480113) in the PRICE (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7759District 7CField 73085500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$2.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$78 k
at the published price for each month
Months reported
401
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 67 leases and 331 wells, and the rule below applies to all of them.

Discovered
1953-08-25
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 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.

The Commission's schedule remark for this field reads: OPTIONAL 20 ACRE UNITS-W/1500' MAX DIAG.

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
NGPA1none

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
OilDisposition61,147 bbl$2,507,431
Casinghead gasProduction76,697 Mcf$242,882
Total$2,750,313

22,352 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 (4)

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 31.1380, -101.3941. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.13844, -101.39368 · 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
25.0%
1 of 4 wells
With a plug date
25.0%
1 of 4 wells
Median depth
2,650 ft
4 wells filed one
Completion to plug
3.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
125.0%
A plug date is filed
125.0%
BothOn the schedule and plugged. Neither fact cancels the other.
125.0%
NeitherNo plug date, and not on the schedule.
375.0%

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 2,616 and 2,650 ft, median 2,650 ft, over the 4 wells that filed a depth.

Completions filed
Feb 1979 – Aug 1993
4 of 4 wells
Plug dates filed
Aug 1996
1 of 4 wells; 3 filed none

Last completion to plug: a median of 3.0 years across the 1 well that filed both dates, with the middle half between 3.0 years and 3.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-3833421562,650 ftAug 1993Aug 1996Yes
42-3833418632,650 ftNov 1992
42-3833398922,650 ftFeb 1990
42-3833132612,616 ftFeb 1979

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 (401)

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

401 months

May 202616989106.413.05$18,254
Apr 202608898.932.87$253
Mar 20261698989.753.15$15,448
Feb 202608863.503.75$330
Jan 20261678959.138.00$10,587
Dec 202508856.664.41$388
Nov 20251688858.593.93$10,189
Oct 202508759.383.30$288
Sep 20251579062.743.08$10,127
Aug 202508863.933.01$265
Jul 202508966.743.32$295
Jun 20251659866.483.13$11,276
May 202509760.553.23$314
Apr 20251699862.363.54$10,886
Mar 202509267.704.27$393
Feb 20251669870.884.34$12,191
Jan 2025010074.324.28$428
Dec 202416712268.993.12$11,902
Nov 202409269.052.20$202
Oct 20241637271.372.28$11,798
Sep 202409569.612.36$225
Aug 20241659175.632.06$12,667
Jul 20241669079.932.15$13,462
Jun 202408078.082.63$211
May 202408078.812.20$176
Apr 20241678084.451.66$14,236
Mar 20241679380.301.55$13,554
Feb 202407776.091.78$137
Jan 202406073.023.30$198
Dec 20231638571.262.61$11,837
Nov 20231656077.892.81$13,020
Oct 202306085.443.09$185
Sep 20231706089.042.74$15,301
Aug 20231696080.522.67$13,768
Jul 202305874.852.64$153
Jun 202306268.962.26$140
May 20231699370.622.23$12,142
Apr 20233436578.122.24$26,941
Mar 202305072.852.39$120
Feb 20231704575.112.47$12,880
Jan 202304576.533.39$152
Dec 20221655576.415.73$12,923
Nov 202203685.005.65$203
Oct 202201587.185.86$88
Sep 20221681584.888.16$14,382
Aug 202201594.529.13$137
Jul 202217215101.587.54$17,585
Jun 2022012115.097.98$96
May 20221639109.378.43$17,903
Apr 202233612104.226.84$35,100
Mar 2022015108.885.08$76
Feb 20221761191.054.86$16,078
Jan 202201281.844.54$54
Dec 202101071.323.90$39
Nov 202101277.435.24$63
Oct 202102579.795.71$143
Sep 2021170969.865.35$11,924
Aug 20210966.024.22$38
Jul 2021156970.783.98$11,078
Jun 20211611069.493.38$11,222
May 20211591063.483.02$10,124
Apr 20211611060.362.76$9,746
Mar 20210661.302.72$16
Feb 20210657.805.55$33
Jan 20210850.412.81$22
Dec 20200844.642.68$21
Nov 20201621238.772.71$6,313
Oct 202001236.972.48$30
Sep 20201591537.091.99$5,927
Aug 20201671839.982.39$6,720
Jul 202003538.371.83$64
Jun 202001534.901.69$25
May 202001116.921.81$20
Apr 20201574214.751.80$2,392
Mar 202002030.341.86$37
Feb 202004049.881.98$79
Jan 20201654257.252.09$9,534
Dec 201904259.012.30$97
Nov 201904055.302.75$110
Oct 20191754053.472.42$9,454
Sep 2019011055.052.66$292
Aug 20191644453.112.30$8,811
Jul 20191703156.272.46$9,642
Jun 201903552.782.49$87
May 2019016958.482.74$463
Apr 201915517562.632.75$10,189
Mar 201916417856.803.06$9,860
Feb 2019016850.852.79$469
Jan 201917615346.033.23$8,595
Dec 2018014446.594.19$603
Nov 201817615052.934.24$9,951
Oct 201818015261.443.40$11,576
Sep 2018015159.543.11$469
Aug 201815815859.403.07$9,870
Jul 2018014365.142.93$419
Jun 201816416160.183.08$10,365
May 2018015165.382.90$438
Apr 201816514663.842.90$10,957
Mar 2018016261.222.79$451
Feb 201816514961.782.77$10,606
Jan 2018014162.874.01$565
Dec 201716513857.272.92$9,853
Nov 20171654455.423.12$9,282
Oct 201704049.292.98$119
Sep 20171794147.523.09$8,633
Aug 201704045.373.00$120
Jul 20171674943.873.09$7,478
Jun 20171626742.493.09$7,090
May 2017016945.373.26$552
Apr 201717418447.933.21$8,931
Mar 201718322446.772.98$9,227
Feb 2017029250.452.95$862
Jan 20170149.413.42$3
Dec 20160148.763.72$4
Nov 20160142.492.64$3
Oct 20160146.193.09$3
Sep 201618017641.553.10$8,025
Aug 201617917041.442.92$7,915
Jul 201609141.622.92$266
Jun 201617913445.352.69$8,478
May 20160642.521.99$12
Apr 20161778336.561.99$6,636
Mar 2016010933.011.79$196
Feb 20161809626.472.06$4,963
Jan 201602727.352.36$64
Dec 20151775432.362.00$5,836
Nov 201506238.792.17$134
Oct 20151839043.552.43$8,188
Sep 201509342.992.76$257
Aug 201509540.162.87$273
Jul 20151755748.152.95$8,594
Jun 201509656.152.88$277
May 20151746255.212.96$9,790
Apr 201507849.822.71$211
Mar 201518112342.892.93$8,124
Feb 201517112544.662.98$8,009
Jan 2015013443.433.10$415
Dec 2014012454.693.59$445
Nov 201418213670.464.25$13,402
Oct 201417816578.303.90$14,581
Sep 2014016086.164.05$647
Aug 201416619589.394.04$15,626
Jul 201417917196.564.18$17,999
Jun 2014016098.164.74$758
May 201418018894.734.73$17,940
Apr 2014016895.944.81$808
Mar 201417715595.895.06$17,756
Feb 2014013197.406.19$811
Jan 201418014290.404.86$16,962
Dec 201317213591.824.35$16,381
Nov 2013015188.853.74$564
Oct 201318013797.423.78$18,053
Sep 20130181104.113.72$673
Aug 2013170196104.253.52$18,413
Jul 20130160102.523.72$595
Jun 201316513794.403.93$16,115
May 2013019694.834.15$813
Apr 201317812193.964.28$17,243
Mar 2013019693.623.91$767
Feb 201318116791.233.42$17,084
Jan 2013017291.603.42$588
Dec 201218216286.773.42$16,346
Nov 2012019586.953.62$707
Oct 201218319989.383.40$17,033
Sep 201218317994.672.92$17,847
Aug 2012022192.662.91$643
Jul 201218116985.133.02$15,919
Jun 2012020679.822.52$519
May 201217320791.612.49$16,364
Apr 20120183101.652.00$365
Mar 2012173179105.052.22$18,571
Feb 20120191101.102.57$491
Jan 201217717798.092.73$17,846
Dec 201118215896.873.24$18,142
Nov 2011020595.723.31$679
Oct 201118218884.983.65$16,152
Sep 2011019383.623.99$769
Aug 201118221983.404.15$16,088
Jul 201117920194.144.52$17,759
Jun 2011020692.904.64$956
May 201117721698.134.40$18,320
Apr 2011181197105.964.33$20,032
Mar 2011020796.364.06$840
Feb 201118121385.644.18$16,391
Jan 201117518886.504.59$16,000
Dec 2010018885.734.35$817
Nov 201018018180.843.80$15,238
Oct 201018318478.103.51$14,938
Sep 2010016772.633.98$665
Aug 20101798073.684.42$13,542
Jul 201016922272.554.74$13,312
Jun 201008370.364.91$408
May 20101708971.124.24$12,467
Apr 201018321581.694.12$15,836
Mar 2010019978.394.39$873
Feb 201018515773.585.44$14,467
Jan 201017317974.365.96$13,932
Dec 2009010671.445.48$581
Nov 200918112174.593.75$13,955
Oct 2009016072.544.11$658
Sep 200917917165.543.06$12,256
Aug 2009013467.423.22$431
Jul 200917213961.133.46$10,996
Jun 200918416166.163.90$12,801
May 200917113854.743.93$9,902
Apr 2009015746.773.59$563
Mar 200917916642.144.06$8,217
Feb 200918415832.814.63$6,769
Jan 2009014535.865.37$779
Dec 200818320337.105.98$8,003
Nov 200816821455.496.86$10,790
Oct 2008025975.246.92$1,793
Sep 2008181141101.767.88$19,529
Aug 2008179210114.228.48$22,227
Jul 20080235131.0811.39$2,677
Jun 2008179259131.3313.03$26,884
May 2008180267123.1711.57$25,261
Apr 2008172253110.3110.45$21,618
Mar 20080266101.909.66$2,571
Feb 200818328592.538.77$19,433
Jan 200818021990.388.21$18,065
Dec 200717726988.337.30$17,599
Nov 2007025791.677.29$1,874
Oct 200718029482.856.92$16,948
Sep 200717029775.846.24$14,747
Aug 200716530169.066.39$13,318
Jul 200716932270.906.39$14,039
Jun 2007021362.007.55$1,608
May 200717020658.747.85$11,602
Apr 200717527959.617.81$12,609
Mar 2007027056.927.30$1,972
Feb 200717122755.108.22$11,287
Jan 200717127950.306.73$10,478
Dec 200617223556.656.92$11,370
Nov 2006022854.207.62$1,737
Oct 200617426354.906.01$11,134
Sep 200634324860.085.04$21,857
Aug 2006029968.717.34$2,195
Jul 200616431369.376.34$13,362
Jun 200616830066.286.38$13,050
May 200616627766.016.42$12,737
Apr 200616927764.397.36$12,921
Mar 200617129256.707.08$11,764
Feb 2006022457.597.75$1,736
Jan 200617225060.598.93$12,655
Dec 200517125054.9413.42$12,749
Nov 200517223854.6910.59$11,927
Oct 200534325558.3413.80$23,529
Sep 200508661.4512.08$1,039
Aug 2005328561.519.80$20,224
Jul 200503655.697.84$282
Jun 20051651052.337.38$8,708
May 200507145.226.65$472
Apr 20051696649.207.36$8,801
Mar 20051550.377.15$86
Feb 200505745.226.31$360
Jan 200517127343.166.32$9,106
Dec 200417426039.866.75$8,691
Nov 200417220845.286.33$9,105
Oct 2004028149.706.52$1,831
Sep 200415927743.245.28$8,339
Aug 200417129242.375.55$8,866
Jul 200416527738.286.08$8,002
Jun 2004028236.106.43$1,814
May 200434229237.486.49$14,715
Apr 2004027734.475.86$1,623
Mar 200417326034.365.53$7,382
Feb 2004019832.455.51$1,091
Jan 20041712532.036.30$5,635
Dec 2003172330.266.30$5,224
Nov 200301028.804.60$46
Oct 200315914728.174.76$5,179
Sep 200317325526.314.75$5,763
Aug 200317230629.765.13$6,688
Jul 200317033129.415.17$6,711
Jun 200316826128.565.98$6,360
May 200315318326.595.97$5,161
Apr 200316713726.675.41$5,195
Mar 200317613631.146.10$6,310
Feb 200317111533.487.93$6,637
Jan 200317416030.315.58$6,167
Dec 2002016026.914.85$777
Nov 200216914924.664.14$4,784
Oct 200217020226.464.23$5,352
Sep 200217419927.443.64$5,498
Aug 20021699025.963.16$4,672
Jul 20021768724.583.06$4,592
Jun 200216913023.733.34$4,444
May 200216811824.663.58$4,566
Apr 2002014323.653.51$502
Mar 200217310222.003.10$4,122
Feb 200217411318.222.38$3,439
Jan 200216913217.172.38$3,215
Dec 200116912916.932.36$3,166
Nov 200117011918.072.41$3,358
Oct 200117017419.782.53$3,803
Sep 200117222724.262.25$4,684
Aug 200117924824.873.05$5,209
Jul 200117226323.933.20$4,957
Jun 200117026424.563.82$5,185
May 200117623825.524.31$5,517
Apr 200117521124.685.34$5,445
Mar 200117220924.545.38$5,345
Feb 200117320327.755.77$5,971
Jan 200117718527.478.40$6,416
Dec 200016317626.889.12$5,987
Nov 200017116532.215.66$6,441
Oct 200017021031.235.15$6,390
Sep 200016618931.875.19$6,271
Aug 200017022829.644.54$6,074
Jul 200017224328.534.09$5,901
Jun 200016922329.304.40$5,932
May 2000020327.263.68$747
Apr 200016514624.513.12$4,499
Mar 200034515928.422.86$10,260
Feb 200016514327.622.73$4,947
Jan 200016613925.272.48$4,540
Dec 199917115524.282.42$4,528
Nov 199916915323.192.43$4,292
Oct 199916321320.982.80$4,017
Sep 199934516021.752.62$7,923
Aug 199916528419.262.88$3,995
Jul 199916623617.892.37$3,530
Jun 199917819015.942.36$3,286
May 199932518215.792.32$5,554
Apr 199915918115.102.21$2,801
Mar 1999018712.471.84$344
Feb 19991652019.981.82$2,012
Jan 199916421710.381.90$2,115
Dec 19981581879.201.77$1,785
Nov 199816022310.892.19$2,230
Oct 199816829412.421.97$2,666
Sep 199816026012.592.08$2,556
Aug 199833127711.301.91$4,269
Jul 199816325211.742.24$2,477
Jun 199816535711.242.24$2,653
May 199833036212.622.21$4,963
Apr 199816632113.042.51$2,969
Mar 199817227712.802.31$2,841
Feb 199816321013.952.30$2,757
Jan 199832536214.702.15$5,558
Dec 199716130416.322.41$3,360
Nov 199716333518.193.09$4,000
Oct 199733039219.253.15$7,587
Sep 199716238517.742.95$4,012
Aug 199732636217.862.55$6,747
Jul 199716339717.582.25$3,758
Jun 199716634017.242.26$3,629
May 199734437218.972.31$7,384
Apr 199716639117.882.08$3,782
Mar 199732234818.951.94$6,777
Feb 199716232720.492.21$4,041
Jan 199733038023.483.54$9,093
Dec 199616838823.32$3,918
Nov 199634036621.97$7,470
Oct 199616240623.31$3,776
Sep 199633740522.22$7,488
Aug 199616038620.26$3,242
Jul 199636044419.55$7,038
Jun 199617942818.73$3,353
May 199653745419.43$10,434
Apr 1996035821.51$0
Mar 1996010819.38$0
Feb 199636037216.98$6,113
Jan 199618233517.07$3,107
Dec 199536819117.19$6,326
Nov 199518542116.00$2,960
Oct 199536345615.43$5,601
Sep 199536444016.18$5,890
Aug 199517840015.92$2,834
Jul 199535446915.24$5,395
Jun 199535713216.41$5,858
May 199535829317.56$6,286
Apr 199518538517.73$3,280
Mar 199535936016.44$5,902
Feb 199518534216.58$3,067
Jan 199536937415.92$5,874
Dec 199436041715.03$5,411
Nov 199436139015.90$5,740
Oct 199434641315.58$5,391
Sep 199417637115.29$2,691
Aug 199445831816.13$7,388
Jul 199434437317.56$6,041
Jun 199434535917.09$5,896
May 199451447315.88$8,162
Apr 199434645314.14$4,892
Mar 199436243412.46$4,511
Feb 199454150412.50$6,763
Jan 199436959512.66$4,672
Dec 199354564612.33$6,720
Nov 199353360814.49$7,723
Oct 199354460115.85$8,622
Sep 199371255415.03$10,701
Aug 199354257815.66$8,488
Jul 199351349215.46$7,931
Jun 199351059916.79$8,563
May 199370878717.68$12,517
Apr 199352575618.05$9,476
Mar 199387991118.14$15,945
Feb 199370892317.90$12,673
Jan 19931,2231,08416.93$20,705

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.

May 2026 — as filed, then multipliedworked
Oil                  169 bbl  × $106.41 =    $17,983
Casinghead gas        89 Mcf  × $  3.05 =       $271

────────────────────────────────────────────────────
Month total                                  $18,254

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/7759 is the state's own key, not one this site invented.