UNIVERSITY 14

Operated by PALO PETROLEUM, INC. (P-5 637400) 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 8935District 7CField 85279200NGPA filingOilCasinghead gasSaveExport
Value, all time
$464 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA3none

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
OilDisposition16,798 bbl$360,114
Casinghead gasProduction47,589 Mcf$104,183
Total$464,297

19,676 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 (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 31.0871, -101.4894. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.08712, -101.48941 · 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
6,873 ft
2 wells filed one
Completion to plug
22.8 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 6,845 and 6,900 ft, median 6,873 ft, over the 2 wells that filed a depth.

Completions filed
Apr 1981 – Mar 1985
2 of 2 wells
Plug dates filed
Aug 2002 – Apr 2009
2 of 2 wells

Last completion to plug: a median of 22.8 years across the 2 wells that filed both dates, with the middle half between 20.1 years and 25.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3833330836,900 ftMar 1985Aug 2002Yes
42-3833182016,845 ftApr 1981Apr 2009Yes

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 200925054.743.93$1,369
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 200690054.207.62$4,878
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060160.598.93$9
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20053061.4512.08$184
Aug 20050061.519.80$0
Jul 200503755.697.84$290
Jun 20050052.337.38$0
May 2005180145.226.65$8,146
Apr 200507849.207.36$574
Mar 200517920450.377.15$10,476
Feb 2005019645.226.31$1,237
Jan 200518319643.166.32$9,137
Dec 20040939.866.75$61
Nov 2004016745.286.33$1,057
Oct 2004013949.706.52$906
Sep 20041781843.245.28$7,792
Aug 200403542.375.55$194
Jul 2004018638.286.08$1,132
Jun 200417326636.106.43$7,956
May 2004035237.486.49$2,286
Apr 200418528734.475.86$8,058
Mar 2004033134.365.53$1,830
Feb 200418513532.455.51$6,747
Jan 2004022732.036.30$1,430
Dec 200318520730.266.30$6,903
Nov 2003026028.804.60$1,195
Oct 2003029428.174.76$1,399
Sep 200317927726.314.75$6,025
Aug 2003032629.765.13$1,672
Jul 200318232629.415.17$7,038
Jun 2003031228.565.98$1,867
May 200316933026.595.97$6,465
Apr 2003028726.675.41$1,552
Mar 2003031531.146.10$1,920
Feb 200318229933.487.93$8,463
Jan 2003024230.315.58$1,351
Dec 200218322826.914.85$6,031
Nov 2002016024.664.14$662
Oct 2002022726.464.23$960
Sep 200216228927.443.64$5,496
Aug 2002025125.963.16$794
Jul 200217425424.583.06$5,055
Jun 2002029823.733.34$995
May 200235026724.663.58$9,588
Apr 200218423023.653.51$5,159
Mar 2002019422.003.10$602
Feb 2002022518.222.38$535
Jan 200218228417.172.38$3,800
Dec 2001018116.932.36$428
Nov 200117922618.072.41$3,778
Oct 2001023219.782.53$587
Sep 200118123924.262.25$4,929
Aug 200117331324.873.05$5,258
Jul 200109623.933.20$307
Jun 2001017124.563.82$654
May 200136028925.524.31$10,432
Apr 2001027224.685.34$1,451
Mar 2001028924.545.38$1,554
Feb 200116324427.755.77$5,930
Jan 200117623727.478.40$6,825
Dec 2000026526.889.12$2,417
Nov 200018526132.215.66$7,436
Oct 2000027931.235.15$1,436
Sep 200017828931.875.19$7,172
Aug 2000026329.644.54$1,194
Jul 200017625228.534.09$6,052
Jun 2000026929.304.40$1,183
May 200033130527.263.68$10,145
Apr 2000029024.513.12$904
Mar 200017826628.422.86$5,819
Feb 2000017627.622.73$480
Jan 200018526625.272.48$5,335
Dec 1999025024.282.42$606
Nov 199917836723.192.43$5,021
Oct 1999034120.982.80$956
Sep 199918037421.752.62$4,894
Aug 1999021619.262.88$621
Jul 199934736517.892.37$7,074
Jun 199918149315.942.36$4,050
May 1999034915.792.32$810
Apr 1999018515.102.21$408
Mar 1999027812.471.84$511
Feb 19991812209.981.82$2,206
Jan 1999022510.381.90$427
Dec 199802049.201.77$362
Nov 199818126210.892.19$2,544
Oct 1998038712.421.97$762
Sep 1998044512.592.08$927
Aug 199833643811.301.91$4,632
Jul 199817638211.742.24$2,921
Jun 1998029911.242.24$669
May 199817727412.622.21$2,838
Apr 1998042413.042.51$1,062
Mar 199815925112.802.31$2,615
Feb 1998032413.952.30$745
Jan 199818326114.702.15$3,253
Dec 199717223916.322.41$3,383
Nov 1997033318.193.09$1,028
Oct 199714842719.253.15$4,194
Sep 199731234617.742.95$6,557
Aug 1997025517.862.55$651
Jul 199715847217.582.25$3,838
Jun 199715229117.242.26$3,277
May 199718331918.972.31$4,208
Apr 1997045417.882.08$946
Mar 199716245218.951.94$3,946
Feb 199715635620.492.21$3,982
Jan 19971521,13823.483.54$7,597
Dec 1996039123.32$0
Nov 199616231921.97$3,559
Oct 199617332623.31$4,033
Sep 199631630822.22$7,022
Aug 1996034820.26$0
Jul 199616948419.55$3,304
Jun 1996012618.73$0
May 19961387019.43$2,681
Apr 19961469021.51$3,140
Mar 1996020819.38$0
Feb 199617927216.98$3,039
Jan 1996024917.07$0
Dec 199514819817.19$2,544
Nov 199516730616.00$2,672
Oct 199531340515.43$4,830
Sep 1995041716.18$0
Aug 199514949115.92$2,372
Jul 199517943515.24$2,728
Jun 199518140316.41$2,970
May 1995038917.56$0
Apr 199515339517.73$2,713
Mar 199515540816.44$2,548
Feb 199518428216.58$3,051
Jan 199514329315.92$2,277
Dec 199416437015.03$2,465
Nov 199418543015.90$2,942
Oct 199418142615.58$2,820
Sep 19945841215.29$887
Aug 199416875216.13$2,710
Jul 199416354617.56$2,862
Jun 199417852317.09$3,042
May 199417947815.88$2,843
Apr 19946151814.14$863
Mar 199427050512.46$3,364
Feb 1994037712.50$0
Jan 199418639112.66$2,355
Dec 199325845312.33$3,181
Nov 19935745914.49$826
Oct 199315745915.85$2,488
Sep 199320147215.03$3,021
Aug 199317677715.66$2,756
Jul 19935940715.46$912
Jun 199316294516.79$2,720
May 199320642817.68$3,642
Apr 199346144318.05$8,321
Mar 1993052018.14$0
Feb 199318346217.90$3,276
Jan 199317851016.93$3,014

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 2009 — as filed, then multipliedworked
Oil                   25 bbl  × $ 54.74 =     $1,369
Casinghead gas         0 Mcf  × $  3.93 =         $0

────────────────────────────────────────────────────
Month total                                   $1,369

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/8935 is the state's own key, not one this site invented.