UNIVERSITY "12-GA"

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 9043District 7CField 30243500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$51 k
Jan 1993 – Aug 2003
Value, last 12 filed months
$0
at the published price for each month
Months reported
128
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
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
OilDisposition2,659 bbl$51,044
Casinghead gasProduction400 Mcf$0
Total$51,044

400 Mcf of this lease's gas, across 35 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 31.1136, -101.3267. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.11361, -101.32671 · 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
2,490 ft
2 wells filed one
Completion to plug
18.8 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 2,480 and 2,500 ft, median 2,490 ft, over the 2 wells that filed a depth.

Completions filed
Aug 1981 – Apr 1983
2 of 2 wells
Plug dates filed
Jan 2000 – Jul 2002
2 of 2 wells

Last completion to plug: a median of 18.8 years across the 2 wells that filed both dates, with the middle half between 17.8 years and 19.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3833251022,500 ftApr 1983Jan 2000Yes
42-3833202112,480 ftAug 1981Jul 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 (128)

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

128 months

Aug 20030029.765.13$0
Jul 20030029.415.17$0
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 200248025.963.16$1,246
Jul 20020024.583.06$0
Jun 200259023.733.34$1,400
May 20020024.663.58$0
Apr 200252023.653.51$1,230
Mar 20020022.003.10$0
Feb 200251018.222.38$929
Jan 20020017.172.38$0
Dec 200153016.932.36$897
Nov 20010018.072.41$0
Oct 200148019.782.53$949
Sep 20010024.262.25$0
Aug 200131024.873.05$771
Jul 200127023.933.20$646
Jun 200151024.563.82$1,253
May 20010025.524.31$0
Apr 200132024.685.34$790
Mar 200120024.545.38$491
Feb 200130027.755.77$833
Jan 200129027.478.40$797
Dec 200014026.889.12$376
Nov 200033032.215.66$1,063
Oct 200048031.235.15$1,499
Sep 20000031.875.19$0
Aug 200033029.644.54$978
Jul 200047028.534.09$1,341
Jun 20000029.304.40$0
May 200035027.263.68$954
Apr 200052024.513.12$1,275
Mar 200019028.422.86$540
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 199933017.892.37$590
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 199918015.102.21$272
Mar 199925012.471.84$312
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 199824012.592.08$302
Aug 19980011.301.91$0
Jul 199826011.742.24$305
Jun 199856011.242.24$629
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 199829012.802.31$371
Feb 199820013.952.30$279
Jan 199828014.702.15$412
Dec 199718016.322.41$294
Nov 199745018.193.09$819
Oct 19970019.253.15$0
Sep 199747017.742.95$834
Aug 199713017.862.55$232
Jul 199721017.582.25$369
Jun 199732017.242.26$552
May 199728018.972.31$531
Apr 199739017.882.08$697
Mar 199727018.951.94$512
Feb 19970020.492.21$0
Jan 199748023.483.54$1,127
Dec 19960023.32$0
Nov 199646021.97$1,011
Oct 19960023.31$0
Sep 199650022.22$1,111
Aug 19960020.26$0
Jul 19960019.55$0
Jun 199645018.73$843
May 19960019.43$0
Apr 199643021.51$925
Mar 19960019.38$0
Feb 199654016.98$917
Jan 19960017.07$0
Dec 199551017.19$877
Nov 19950816.00$0
Oct 199553515.43$818
Sep 19950516.18$0
Aug 199553715.92$844
Jul 19950715.24$0
Jun 199547416.41$771
May 19950717.56$0
Apr 199553817.73$940
Mar 19950616.44$0
Feb 199549616.58$812
Jan 19950515.92$0
Dec 1994491715.03$736
Nov 199451415.90$811
Oct 19940215.58$0
Sep 199452215.29$795
Aug 19940716.13$0
Jul 199450517.56$878
Jun 19940417.09$0
May 199449515.88$778
Apr 1994501114.14$707
Mar 199401212.46$0
Feb 1994351112.50$438
Jan 199445912.66$570
Dec 199302612.33$0
Nov 1993461514.49$667
Oct 1993491415.85$777
Sep 199301915.03$0
Aug 1993454015.66$705
Jul 199301215.46$0
Jun 1993461016.79$772
May 1993522017.68$919
Apr 199302318.05$0
Mar 1993522218.14$943
Feb 1993552117.90$985
Jan 199302116.93$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.

Aug 2002 — as filed, then multipliedworked
Oil                   48 bbl  × $ 25.96 =     $1,246
Casinghead gas         0 Mcf  × $  3.16 =         $0

────────────────────────────────────────────────────
Month total                                   $1,246

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/9043 is the state's own key, not one this site invented.