UNIVERSITY

Operated by L & M OPERATING, INC. (P-5 480113) 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 7954District 7CField 30243500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$3.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$73 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 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
NGPA4none

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
OilDisposition71,993 bbl$3,246,171
Casinghead gasProduction88,526 Mcf$301,173
Total$3,547,345

20,509 Mcf of this lease's gas, across 46 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 31.0749, -101.4274. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.07503, -101.42739 · 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
0.0%
0 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
2,365 ft
3 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
4100.0%

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 2,337 and 2,400 ft, median 2,365 ft, over the 3 wells that filed a depth.

Completions filed
Aug 1979 – Nov 1979
4 of 4 wells

4 wells

42-1053243922,400 ftNov 1979
42-1053243642,337 ftOct 1979
42-105324353Oct 1979
42-1053235812,365 ftAug 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 20260121106.413.05$369
Apr 202616712098.932.87$16,866
Mar 2026012189.753.15$381
Feb 202616812063.503.75$11,118
Jan 2026012159.138.00$968
Dec 202516311156.664.41$9,725
Nov 202516512058.593.93$10,139
Oct 202509259.383.30$304
Sep 202516612062.743.08$10,784
Aug 2025012063.933.01$362
Jul 202516512566.743.32$11,427
Jun 2025012066.483.13$375
May 202516513060.553.23$10,411
Apr 202516612262.363.54$10,784
Mar 2025011067.704.27$470
Feb 2025012270.884.34$530
Jan 20251709574.324.28$13,041
Dec 202416712268.993.12$11,902
Nov 2024011669.052.20$255
Oct 202416812071.372.28$12,264
Sep 2024012469.612.36$293
Aug 202416511575.632.06$12,716
Jul 2024011279.932.15$240
Jun 202416512078.082.63$13,199
May 202416812078.812.20$13,504
Apr 202416512184.451.66$14,135
Mar 202409580.301.55$147
Feb 202416412076.091.78$12,693
Jan 202409073.023.30$297
Dec 202316612471.262.61$12,153
Nov 2023012077.892.81$337
Oct 202318212485.443.09$15,933
Sep 202317912589.042.74$16,280
Aug 2023012480.522.67$331
Jul 202316612074.852.64$12,742
Jun 202316412168.962.26$11,583
May 202317313070.622.23$12,507
Apr 202316815078.122.24$13,460
Mar 2023010872.852.39$258
Feb 202317410875.112.47$13,335
Jan 202317511076.533.39$13,765
Dec 2022011176.415.73$636
Nov 20221633085.005.65$14,024
Oct 202202287.185.86$129
Sep 20221642284.888.16$14,100
Aug 20221672194.529.13$15,977
Jul 202216822101.587.54$17,231
Jun 2022022115.097.98$176
May 202216021109.378.43$17,676
Apr 202216420104.226.84$17,229
Mar 202216020108.885.08$17,522
Feb 202201591.054.86$73
Jan 20221691581.844.54$13,899
Dec 202101271.323.90$47
Nov 20211632077.435.24$12,726
Oct 20211634279.795.71$13,246
Sep 20211631569.865.35$11,467
Aug 202101066.024.22$42
Jul 20211631070.783.98$11,577
Jun 20211641269.493.38$11,437
May 20211601263.483.02$10,193
Apr 20211741260.362.76$10,536
Mar 202101661.302.72$43
Feb 20211631657.805.55$9,510
Jan 202101650.412.81$45
Dec 20201781644.642.68$7,989
Nov 20201621438.772.71$6,319
Oct 20203222036.972.48$11,954
Sep 202003837.091.99$76
Aug 20201654039.982.39$6,692
Jul 202016212038.371.83$6,435
Jun 202002034.901.69$34
May 202002016.921.81$36
Apr 202009014.751.80$162
Mar 202001530.341.86$28
Feb 20201646649.881.98$8,311
Jan 202015811957.252.09$9,295
Dec 20191733959.012.30$10,299
Nov 201918313055.302.75$10,477
Oct 20191703653.472.42$9,177
Sep 201917026455.052.66$10,060
Aug 2019012753.112.30$293
Jul 201916814756.272.46$9,815
Jun 2019014752.782.49$366
May 20191616258.482.74$9,585
Apr 2019161662.632.75$10,100
Mar 2019169656.803.06$9,618
Feb 20191677350.852.79$8,696
Jan 201909246.033.23$297
Dec 20180746.594.19$29
Nov 20181712252.934.24$9,144
Oct 201808661.443.40$292
Sep 201816812959.543.11$10,404
Aug 2018014659.403.07$448
Jul 201817015965.142.93$11,540
Jun 20181645560.183.08$10,039
May 201808265.382.90$238
Apr 201816914263.842.90$11,201
Mar 201816414061.222.79$10,430
Feb 2018159661.782.77$9,840
Jan 20180462.874.01$16
Dec 20171658857.272.92$9,707
Nov 201707455.423.12$231
Oct 201715515349.292.98$8,096
Sep 201717516247.523.09$8,816
Aug 2017018345.373.00$550
Jul 201718121343.873.09$8,598
Jun 2017416642.493.09$682
May 201716918245.373.26$8,261
Apr 201718018547.933.21$9,222
Mar 20171816446.772.98$1,331
Feb 2017214650.452.95$532
Jan 201719016749.413.42$9,959
Dec 201617819448.763.72$9,402
Nov 2016020942.492.64$553
Oct 201617821046.193.09$8,871
Sep 201617920741.553.10$8,079
Aug 2016019941.442.92$582
Jul 201617821941.622.92$8,049
Jun 2016022145.352.69$594
May 201617020142.521.99$7,629
Apr 201618021436.561.99$7,007
Mar 2016021433.011.79$384
Feb 201618120626.472.06$5,216
Jan 201617920627.352.36$5,383
Dec 201517914732.362.00$6,087
Nov 2015020138.792.17$436
Oct 201518023343.552.43$8,404
Sep 201517918042.992.76$8,192
Aug 2015016440.162.87$471
Jul 201518424148.152.95$9,569
Jun 2015119656.152.88$621
May 201517817155.212.96$10,333
Apr 201517518149.822.71$9,208
Mar 201517115942.892.93$7,801
Feb 2015010544.662.98$313
Jan 20152043.433.10$87
Dec 201419615054.693.59$11,258
Nov 201419519270.464.25$14,556
Oct 2014020878.303.90$811
Sep 201419121286.164.05$17,314
Aug 201419324589.394.04$18,241
Jul 201418719096.564.18$18,851
Jun 2014122398.164.74$1,154
May 201418225894.734.73$18,460
Apr 201418522395.944.81$18,821
Mar 2014020895.895.06$1,052
Feb 201417119797.406.19$17,875
Jan 201417819390.404.86$17,029
Dec 201317318891.824.35$16,704
Nov 2013319188.853.74$981
Oct 201316920697.423.78$17,243
Sep 2013172221104.113.72$18,729
Aug 2013170167104.253.52$18,311
Jul 2013170264102.523.72$18,410
Jun 2013020694.403.93$810
May 201317716794.834.15$17,478
Apr 20131927193.964.28$18,344
Mar 201317616493.623.91$17,119
Feb 201317221091.233.42$16,410
Jan 201318413491.603.42$17,313
Dec 201218915186.773.42$16,916
Nov 2012017486.953.62$631
Oct 201218924389.383.40$17,719
Sep 201218618994.672.92$18,160
Aug 201217524692.662.91$16,931
Jul 2012024785.133.02$746
Jun 201217724279.822.52$14,738
May 201220024091.612.49$18,919
Apr 2012187243101.652.00$19,494
Mar 2012178247105.052.22$19,248
Feb 20125233101.102.57$1,104
Jan 201218425598.092.73$18,746
Dec 201117125696.873.24$17,394
Nov 201119628295.723.31$19,695
Oct 201118527484.983.65$16,721
Sep 201117330683.623.99$15,686
Aug 201117932583.404.15$16,277
Jul 201118732194.144.52$19,054
Jun 201118532392.904.64$18,685
May 2011031398.134.40$1,379
Apr 2011185291105.964.33$20,864
Mar 201118331296.364.06$18,900
Feb 201119331685.644.18$17,849
Jan 201136929086.504.59$33,249
Dec 201017229085.734.35$16,006
Nov 2010025080.843.80$949
Oct 201017928078.103.51$14,962
Sep 201016827772.633.98$13,304
Aug 201018422873.684.42$14,565
Jul 201018329472.554.74$14,669
Jun 201017529370.364.91$13,752
May 201017330571.124.24$13,596
Apr 201018228281.694.12$16,030
Mar 201036029778.394.39$29,524
Feb 2010023673.585.44$1,284
Jan 201036226174.365.96$28,475
Dec 2009025771.445.48$1,409
Nov 200936144974.593.75$28,611
Oct 2009027872.544.11$1,143
Sep 200918527465.543.06$12,965
Aug 200918730267.423.22$13,580
Jul 200934733761.133.46$22,380
Jun 200917831566.163.90$13,003
May 200917732154.743.93$10,949
Apr 200918130346.773.59$9,552
Mar 200918932642.144.06$9,288
Feb 200918730832.814.63$7,562
Jan 200917929535.865.37$8,003
Dec 200818433137.105.98$8,805
Nov 200818631955.496.86$12,510
Oct 200817632575.246.92$15,492
Sep 2008191215101.767.88$21,130
Aug 2008177318114.228.48$22,915
Jul 2008178334131.0811.39$27,136
Jun 2008179355131.3313.03$28,135
May 2008187369123.1711.57$27,304
Apr 2008374338110.3110.45$44,790
Mar 20080246101.909.66$2,377
Feb 200818623892.538.77$19,298
Jan 200817625790.388.21$18,016
Dec 200719426288.337.30$19,049
Nov 200718728791.677.29$19,235
Oct 200718342782.856.92$18,117
Sep 200717420075.846.24$14,445
Aug 200717617569.066.39$13,272
Jul 200718433770.906.39$15,198
Jun 200717222262.007.55$12,340
May 200717618958.747.85$11,821
Apr 200717523259.617.81$12,243
Mar 200717227556.927.30$11,798
Feb 200717625755.108.22$11,809
Jan 200717525450.306.73$10,511
Dec 200617725856.656.92$11,812
Nov 200617123954.207.62$11,089
Oct 200617723754.906.01$11,143
Sep 200617519160.085.04$11,476
Aug 200630820368.717.34$22,653
Jul 200616518169.376.34$12,594
Jun 200617716766.286.38$12,798
May 200617118666.016.42$12,483
Apr 200617529564.397.36$13,440
Mar 200617627056.707.08$11,892
Feb 200617426457.597.75$12,067
Jan 200617318260.598.93$12,108
Dec 200517825554.9413.42$13,200
Nov 200517619154.6910.59$11,648
Oct 200517520258.3413.80$12,996
Sep 200517017961.4512.08$12,609
Aug 200517424861.519.80$13,132
Jul 200517229555.697.84$11,893
Jun 200517021352.337.38$10,468
May 200535224745.226.65$17,560
Apr 200517525749.207.36$10,502
Mar 200517719550.377.15$10,311
Feb 200517613745.226.31$8,823
Jan 200534819643.166.32$16,259
Dec 200417622039.866.75$8,501
Nov 200417520645.286.33$9,228
Oct 200436129249.706.52$19,844
Sep 200417723843.245.28$8,911
Aug 200417530342.375.55$9,097
Jul 200417421238.286.08$7,951
Jun 200417012736.106.43$6,954
May 200434923137.486.49$14,581
Apr 2004014334.475.86$838
Mar 20040534.365.53$28
Feb 200417214632.455.51$6,386
Jan 200417930332.036.30$7,642
Dec 200335119130.266.30$11,825
Nov 200316526928.804.60$5,988
Oct 200317728228.174.76$6,328
Sep 200317626126.314.75$5,870
Aug 200317418029.765.13$6,102
Jul 200317623029.415.17$6,365
Jun 200333322828.565.98$10,875
May 200317630126.595.97$6,478
Apr 200316517826.675.41$5,363
Mar 200317824631.146.10$7,043
Feb 200317521633.487.93$7,571
Jan 200335327530.315.58$12,234
Dec 200217834926.914.85$6,484
Nov 200217825424.664.14$5,440
Oct 200217520426.464.23$5,493
Sep 200217427627.443.64$5,778
Aug 200217431025.963.16$5,498
Jul 200235528124.583.06$9,586
Jun 200218031723.733.34$5,330
May 200217830924.663.58$5,497
Apr 200218120523.653.51$5,001
Mar 200218422222.003.10$4,737
Feb 200218323218.222.38$3,885
Jan 200236323117.172.38$6,781
Dec 200118523616.932.36$3,690
Nov 200118219718.072.41$3,763
Oct 200118522019.782.53$4,216
Sep 200118116324.262.25$4,758
Aug 200136220224.873.05$9,620
Jul 200118023923.933.20$5,072
Jun 200118128024.563.82$5,516
May 200117929125.524.31$5,822
Apr 200117825824.685.34$5,770
Mar 200135922624.545.38$10,025
Feb 200118425527.755.77$6,577
Jan 200118429627.478.40$7,541
Dec 200054325726.889.12$16,940
Nov 2000125732.215.66$1,486
Oct 200018016631.235.15$6,476
Sep 200018220931.875.19$6,884
Aug 200035220929.644.54$11,382
Jul 200017622628.534.09$5,946
Jun 200017821329.304.40$6,152
May 200018318027.263.68$5,651
Apr 200017825424.513.12$5,154
Mar 200036125328.422.86$10,983
Feb 200018421027.622.73$5,655
Jan 200037025125.272.48$9,973
Dec 199918120924.282.42$4,901
Nov 199918325023.192.43$4,852
Oct 199935727320.982.80$8,255
Sep 199918029421.752.62$4,685
Aug 199918035519.262.88$4,488
Jul 199917827517.892.37$3,837
Jun 199917726815.942.36$3,454
May 199935827715.792.32$6,296
Apr 199918621115.102.21$3,275
Mar 199918027612.471.84$2,752
Feb 19991821949.981.82$2,169
Jan 199936624610.381.90$4,266
Dec 19983621379.201.77$3,573
Nov 199817714510.892.19$2,244
Oct 199818218912.421.97$2,633
Sep 199818026912.592.08$2,826
Aug 199836030511.301.91$4,650
Jul 199818324411.742.24$2,694
Jun 199836332511.242.24$4,807
May 199818033612.622.21$3,013
Apr 199835829213.042.51$5,400
Mar 199818327612.802.31$2,980
Feb 199816623013.952.30$2,845
Jan 199831326914.702.15$5,181
Dec 199733419916.322.41$5,931
Nov 199733122018.193.09$6,700
Oct 199717131319.253.15$4,278
Sep 199734233617.742.95$7,060
Aug 199717829117.862.55$3,923
Jul 199733222917.582.25$6,351
Jun 199716533017.242.26$3,589
May 199732125818.972.31$6,685
Apr 199735320417.882.08$6,737
Mar 199717330318.951.94$3,866
Feb 199733929020.492.21$7,586
Jan 199733235423.483.54$9,048
Dec 199634433023.32$8,022
Nov 199618740321.97$4,108
Oct 199617738223.31$4,126
Sep 199634536022.22$7,666
Aug 199635041620.26$7,091
Jul 199618239319.55$3,558
Jun 199633328918.73$6,237
May 199635341319.43$6,859
Apr 1996177021.51$3,807
Mar 1996347019.38$6,725
Feb 19963496516.98$5,926
Jan 199634529817.07$5,889
Dec 199534227717.19$5,879
Nov 199517631516.00$2,816
Oct 199535334015.43$5,447
Sep 199534227316.18$5,534
Aug 199535029715.92$5,572
Jul 199533940715.24$5,166
Jun 199533831916.41$5,547
May 199516838117.56$2,950
Apr 199533940517.73$6,010
Mar 199533537016.44$5,507
Feb 199534332916.58$5,687
Jan 199534935215.92$5,556
Dec 199434137815.03$5,125
Nov 199434131215.90$5,422
Oct 199434243915.58$5,328
Sep 199416439515.29$2,508
Aug 199433645716.13$5,420
Jul 199433847517.56$5,935
Jun 199417355317.09$2,957
May 199434464415.88$5,463
Apr 199435760014.14$5,048
Mar 199434259412.46$4,261
Feb 199433548812.50$4,188
Jan 199417056812.66$2,152
Dec 199334571112.33$4,254
Nov 199334166214.49$4,941
Oct 199334258015.85$5,421
Sep 199335563315.03$5,336
Aug 199336169115.66$5,653
Jul 199318057515.46$2,783
Jun 199336667316.79$6,145
May 199335468117.68$6,259
Apr 199352451418.05$9,458
Mar 199318457718.14$3,338
Feb 199335147317.90$6,283
Jan 199335742216.93$6,044

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                    0 bbl  × $106.41 =         $0
Casinghead gas       121 Mcf  × $  3.05 =       $369

────────────────────────────────────────────────────
Month total                                     $369

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/7954 is the state's own key, not one this site invented.