UNIVERSITY 12-BLK 12 "A"

Name: UNIVERSITY 12-BLK 12 "A" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 9614District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$349 k

Jan 1993 – Oct 2003

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

130

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) field

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	12,746 bbl	$235,437
Casinghead gas	Production	76,206 Mcf	$113,744
Total			$349,181

37,986 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 (1)

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 31.1035, -101.4785. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.10352, -101.47851 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

6,956 ft

1 wells filed one

Completion to plug

21.4 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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

The one well that filed a depth was drilled to 6,956 ft.

Completions filed

Apr 1982

1 of 1 wells

Plug dates filed

Sep 2003

1 of 1 wells

Last completion to plug: a median of 21.4 years across the 1 well that filed both dates, with the middle half between 21.4 years and 21.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38332107	2	6,956 ft	Apr 1982	Sep 2003	Yes

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 (130)

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

130 months


Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	31	0	30.31	5.58	$940
Dec 2002	58	282	26.91	4.85	$2,930
Nov 2002	57	297	24.66	4.14	$2,634
Oct 2002	58	318	26.46	4.23	$2,880
Sep 2002	85	328	27.44	3.64	$3,525
Aug 2002	86	404	25.96	3.16	$3,511
Jul 2002	57	373	24.58	3.06	$2,543
Jun 2002	86	351	23.73	3.34	$3,213
May 2002	86	436	24.66	3.58	$3,683
Apr 2002	86	400	23.65	3.51	$3,439
Mar 2002	57	383	22.00	3.10	$2,442
Feb 2002	57	374	18.22	2.38	$1,927
Jan 2002	117	410	17.17	2.38	$2,983
Dec 2001	87	411	16.93	2.36	$2,445
Nov 2001	58	408	18.07	2.41	$2,030
Oct 2001	58	435	19.78	2.53	$2,247
Sep 2001	76	452	24.26	2.25	$2,861
Aug 2001	75	470	24.87	3.05	$3,300
Jul 2001	49	466	23.93	3.20	$2,662
Jun 2001	74	421	24.56	3.82	$3,427
May 2001	75	439	25.52	4.31	$3,805
Apr 2001	76	369	24.68	5.34	$3,844
Mar 2001	50	411	24.54	5.38	$3,437
Feb 2001	76	359	27.75	5.77	$4,179
Jan 2001	81	383	27.47	8.40	$5,442
Dec 2000	80	376	26.88	9.12	$5,580
Nov 2000	97	437	32.21	5.66	$5,597
Oct 2000	80	447	31.23	5.15	$4,798
Sep 2000	81	445	31.87	5.19	$4,889
Aug 2000	80	508	29.64	4.54	$4,678
Jul 2000	81	535	28.53	4.09	$4,499
Jun 2000	80	461	29.30	4.40	$4,371
May 2000	82	534	27.26	3.68	$4,200
Apr 2000	80	518	24.51	3.12	$3,575
Mar 2000	81	501	28.42	2.86	$3,735
Feb 2000	81	458	27.62	2.73	$3,486
Jan 2000	106	484	25.27	2.48	$3,879
Dec 1999	72	417	24.28	2.42	$2,759
Nov 1999	71	355	23.19	2.43	$2,511
Oct 1999	92	493	20.98	2.80	$3,312
Sep 1999	71	519	21.75	2.62	$2,903
Aug 1999	67	525	19.26	2.88	$2,800
Jul 1999	115	495	17.89	2.37	$3,232
Jun 1999	46	512	15.94	2.36	$1,943
May 1999	99	603	15.79	2.32	$2,963
Apr 1999	76	553	15.10	2.21	$2,369
Mar 1999	102	577	12.47	1.84	$2,333
Feb 1999	77	493	9.98	1.82	$1,665
Jan 1999	76	585	10.38	1.90	$1,900
Dec 1998	129	568	9.20	1.77	$2,194
Nov 1998	26	462	10.89	2.19	$1,293
Oct 1998	136	719	12.42	1.97	$3,105
Sep 1998	131	699	12.59	2.08	$3,105
Aug 1998	102	749	11.30	1.91	$2,581
Jul 1998	99	760	11.74	2.24	$2,863
Jun 1998	99	745	11.24	2.24	$2,780
May 1998	98	764	12.62	2.21	$2,922
Apr 1998	135	740	13.04	2.51	$3,614
Mar 1998	101	744	12.80	2.31	$3,011
Feb 1998	133	658	13.95	2.30	$3,368
Jan 1998	129	720	14.70	2.15	$3,448
Dec 1997	100	712	16.32	2.41	$3,349
Nov 1997	130	732	18.19	3.09	$4,625
Oct 1997	124	774	19.25	3.15	$4,825
Sep 1997	91	767	17.74	2.95	$3,881
Aug 1997	123	809	17.86	2.55	$4,264
Jul 1997	126	752	17.58	2.25	$3,905
Jun 1997	126	732	17.24	2.26	$3,825
May 1997	123	711	18.97	2.31	$3,975
Apr 1997	91	636	17.88	2.08	$2,952
Mar 1997	109	717	18.95	1.94	$3,456
Feb 1997	109	636	20.49	2.21	$3,636
Jan 1997	137	703	23.48	3.54	$5,705
Dec 1996	108	753	23.32	—	$2,519
Nov 1996	109	774	21.97	—	$2,395
Oct 1996	108	838	23.31	—	$2,517
Sep 1996	107	703	22.22	—	$2,378
Aug 1996	105	376	20.26	—	$2,127
Jul 1996	105	638	19.55	—	$2,053
Jun 1996	108	648	18.73	—	$2,023
May 1996	108	299	19.43	—	$2,098
Apr 1996	105	127	21.51	—	$2,259
Mar 1996	107	883	19.38	—	$2,074
Feb 1996	107	806	16.98	—	$1,817
Jan 1996	106	878	17.07	—	$1,809
Dec 1995	107	946	17.19	—	$1,839
Nov 1995	133	938	16.00	—	$2,128
Oct 1995	106	947	15.43	—	$1,636
Sep 1995	113	941	16.18	—	$1,828
Aug 1995	114	1,018	15.92	—	$1,815
Jul 1995	117	1,029	15.24	—	$1,783
Jun 1995	114	747	16.41	—	$1,871
May 1995	86	967	17.56	—	$1,510
Apr 1995	115	792	17.73	—	$2,039
Mar 1995	141	878	16.44	—	$2,318
Feb 1995	116	761	16.58	—	$1,923
Jan 1995	145	747	15.92	—	$2,308
Dec 1994	116	749	15.03	—	$1,743
Nov 1994	146	813	15.90	—	$2,321
Oct 1994	143	890	15.58	—	$2,228
Sep 1994	84	899	15.29	—	$1,284
Aug 1994	143	956	16.13	—	$2,307
Jul 1994	113	998	17.56	—	$1,984
Jun 1994	155	915	17.09	—	$2,649
May 1994	114	1,008	15.88	—	$1,810
Apr 1994	116	986	14.14	—	$1,640
Mar 1994	149	988	12.46	—	$1,857
Feb 1994	116	870	12.50	—	$1,450
Jan 1994	165	933	12.66	—	$2,089
Dec 1993	145	971	12.33	—	$1,788
Nov 1993	105	934	14.49	—	$1,521
Oct 1993	143	1,050	15.85	—	$2,267
Sep 1993	178	633	15.03	—	$2,675
Aug 1993	192	680	15.66	—	$3,007
Jul 1993	142	683	15.46	—	$2,195
Jun 1993	178	581	16.79	—	$2,989
May 1993	216	699	17.68	—	$3,819
Apr 1993	148	636	18.05	—	$2,671
Mar 1993	257	643	18.14	—	$4,662
Feb 1993	148	496	17.90	—	$2,649
Jan 1993	208	541	16.93	—	$3,521

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.

Jan 2003 — as filed, then multipliedworked

Oil                   31 bbl  × $ 30.31 =       $940
Casinghead gas         0 Mcf  × $  5.58 =         $0

────────────────────────────────────────────────────
Month total                                     $940

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/9614 is the state's own key, not one this site invented.