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Texas oil lease

Producing

BAYLOR UNIVERSITY

Baylor University is an oil lease in Andrews County, Texas, operated by Sabalo II Operating, LLC in the Spraberry (Trend Area) field.

1 well

2,062bbl oil, last 12 months+198% vs prior year
RRC lease
08-45151

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
465 mcf
Oil in Jul 2026
201 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Sabalo II Operating, LLC took over from Ovintiv USA Inc. in Sep 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output rose 198% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 198% over the last 12 monthsMonthly oil production and gas for BAYLOR UNIVERSITY, Aug 2023 to Jul 2026. Oil output rose 198% over the last 12 months. 2,062 bbl in the 12 months through Jul 2026, against 692 bbl in the 12 months before.Last 12 months: 2,062 bblbbl per monthmcf per month00100100200200300300400400500500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 198% over the last 12 monthsMonthly oil production and gas for BAYLOR UNIVERSITY, Aug 2023 to Jul 2026. Oil output rose 198% over the last 12 months. 2,062 bbl in the 12 months through Jul 2026, against 692 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400500500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

64% of the gas went to flaring in the 5 months reported

Flaring peaked at 100.0% of the gas in Jan 2026.

  • Processing plant (3)
  • Flared (4)
64% of the gas went to flaring in the 5 months reportedShare of BAYLOR UNIVERSITY gas by disposition code each month, Aug 2023 to Jul 2026. 64% of the gas went to flaring in the 5 months reported. Flaring peaked at 100.0% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
64% of the gas went to flaring in the 5 months reportedShare of BAYLOR UNIVERSITY gas by disposition code each month, Aug 2023 to Jul 2026. 64% of the gas went to flaring in the 5 months reported. Flaring peaked at 100.0% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    64% · 465 mcf

  • Processing plant (3)

    36% · 263 mcf

63.9% of the gas flared in the 5 months reported. 3 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Sep 2025

Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Aug 2025; Sabalo II Operating, LLC, Sep 2025 to Jul 20262020202120222023202420252026Changed Jun 2023Changed Sep 2025Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to Aug 2025Sabalo II Operating, LLCSep 2025 to now
Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Aug 2025; Sabalo II Operating, LLC, Sep 2025 to Jul 20262020202120222023202420252026Changed Jun 2023Changed Sep 2025Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to Aug 2025Sabalo II Operating, LLCSep 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on BAYLOR UNIVERSITY
API numberWell no.Status
42-003-458011Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers40Feb 24, 2026–
Midcon Gathering LLCOilGathers30Feb 24, 2026–
Plains Marketing, L.p.OilGathers30Feb 24, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Feb 24, 2026–
Dcp Operating Company, LPCasinghead gasGathers100Feb 24, 2026–
Midcon Gathering LLCOilGathers100Sep 18, 2025Feb 24, 2026
Eastex Crude Company, LLCOilGathers50Dec 1, 2023Sep 18, 2025
Shell Trading (Us) CompanyOilGathers50Dec 1, 2023Sep 18, 2025
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Dec 1, 2023
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2022Dec 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

320.68 acres on the newest permit

Permits for Baylor University
API numberWell no.Acreson the permit
42-003-458011320.68

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for BAYLOR UNIVERSITY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Sabalo II2011684610461$80.46$2.89
Jun 2026Sabalo II203323000$84.81$3.15
May 2026Sabalo II225169000$102.13$2.94
Apr 2026Sabalo II185168000$100.32$2.77
Mar 2026Sabalo II216342000$91.38$3.04
Feb 2026Sabalo II1650303$64.51$3.62
Jan 2026Sabalo II148172101$60.04$7.72
Dec 2025Sabalo II170189000$57.97$4.26
Nov 2025Sabalo II182175000$60.06$3.79
Oct 2025Sabalo II186186000$60.89$3.19
Sep 2025Sabalo II54174000$63.96$2.97
Aug 2025Ovintiv USA1270000$64.86$2.91
Jul 2025Ovintiv USA79163000$68.39$3.20
Jun 2025Ovintiv USA780000$68.17$3.02
May 2025Ovintiv USA80175000$62.17$3.12
Apr 2025Ovintiv USA970000$63.54$3.42
Mar 2025Ovintiv USA75162000$68.24$4.12
Feb 2025Ovintiv USA500000$71.53$4.19
Jan 2025Ovintiv USA510000$75.74$4.13
Dec 2024Ovintiv USA46170000$70.12$3.01
Nov 2024Ovintiv USA390000$69.95$2.12
Oct 2024Ovintiv USA360000$71.99$2.20
Sep 2024Ovintiv USA300000$70.24$2.28
Aug 2024Ovintiv USA310000$76.68$1.99
Jul 2024Ovintiv USA50165000$81.80$2.07
Jun 2024Ovintiv USA550000$79.77$2.54
May 2024Ovintiv USA440000$80.02$2.12
Apr 2024Ovintiv USA62171000$85.35$1.60
Mar 2024Ovintiv USA740000$81.28$1.49
Feb 2024Ovintiv USA197164000$77.25$1.72
Jan 2024Ovintiv USA287347000$74.15$3.18
Dec 2023Ovintiv USA313343000$71.90$2.52
Nov 2023Ovintiv USA291361000$77.69$2.71
Oct 2023Ovintiv USA288197000$85.64$2.98
Sep 2023Ovintiv USA2021771071070$89.43$2.64
Aug 2023Ovintiv USA501561560$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Spraberry (Trend Area) field

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