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Texas oil lease

Producing

PHILLIPS-UNIVERSITY

Phillips-University is an oil lease in Andrews County, Texas, operated by Lakeshore Operating, LLC in the Martin (Consolidated) field.

6 wells

2,144bbl oil, last 12 months−18% vs prior year
Operator
Lakeshore Operating, LLC
County
Andrews County
Field
Martin (Consolidated)
RRC lease
08-40003

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
27,250 mcf
Oil in Jul 2026
171 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Lakeshore Operating, LLC took over from Basa Resources, Inc. in Feb 2025.

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

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Production by month

Oil output fell 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for PHILLIPS-UNIVERSITY, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 2,144 bbl in the 12 months through Jul 2026, against 2,616 bbl in the 12 months before.Last 12 months: 2,144 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for PHILLIPS-UNIVERSITY, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 2,144 bbl in the 12 months through Jul 2026, against 2,616 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jan 2024 the lease's gas goes to a processing plant instead of a transmission line

  • Processing plant (3)
  • Transmission line (2)
Since Jan 2024 the lease's gas goes to a processing plant instead of a transmission lineShare of PHILLIPS-UNIVERSITY gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2024 the lease's gas goes to a processing plant instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2024: line to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2024 the lease's gas goes to a processing plant instead of a transmission lineShare of PHILLIPS-UNIVERSITY gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2024 the lease's gas goes to a processing plant instead of a transmission line.Share of gas by disposition code0%50%100%Jan 24: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Feb 2025

Operators of this lease over timeBasa Resources, Inc., Jan 2020 to Jan 2025; Lakeshore Operating, LLC, Feb 2025 to Jul 20262020202120222023202420252026Changed Feb 2025Basa Resources, Inc.Jan 2020 to Jan 2025Lakeshore Operating, LLCFeb 2025 to now
Operators of this lease over timeBasa Resources, Inc., Jan 2020 to Jan 2025; Lakeshore Operating, LLC, Feb 2025 to Jul 20262020202120222023202420252026Changed Feb 2025Basa Resources, Inc.Jan 2020 to Jan 2025Lakeshore Operating, LLCFeb 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on PHILLIPS-UNIVERSITY
API numberWell no.Status
42-003-310341Active
42-003-311152Active
42-003-311463Active
42-003-311474Active
42-003-448777Active
42-003-448795Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
4J Energy, LLCOilGathers100May 1, 2020–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Enlink Crude Purchasing LLCOilGathers100Nov 1, 2018May 1, 2020

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

Who buys my oilOil price check

160 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 168.81 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Phillips-University
API numberWell no.Acreson the permit
42-003-448777160
42-003-448795168.81
42-003-310341–
42-003-311152–
42-003-311463–
42-003-311474–

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

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36 months, newest first

Ledger for PHILLIPS-UNIVERSITY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Lakeshore Operating,17102,0202,0200$80.46$2.89
Jun 2026Lakeshore Operating,1761681,8941,8940$84.81$3.15
May 2026Lakeshore Operating,1681652,3422,3420$102.13$2.94
Apr 2026Lakeshore Operating,1831782,0962,0960$100.32$2.77
Mar 2026Lakeshore Operating,2031782,5562,5560$91.38$3.04
Feb 2026Lakeshore Operating,2453632,6752,6750$64.51$3.62
Jan 2026Lakeshore Operating,1621682,3722,3720$60.04$7.72
Dec 2025Lakeshore Operating,2141812,6512,6510$57.97$4.26
Nov 2025Lakeshore Operating,2001802,7222,7220$60.06$3.79
Oct 2025Lakeshore Operating,1311701,9741,9740$60.89$3.19
Sep 2025Lakeshore Operating,11601,6551,6550$63.96$2.97
Aug 2025Lakeshore Operating,1751702,2932,2930$64.86$2.91
Jul 2025Lakeshore Operating,1953432,3982,3980$68.39$3.20
Jun 2025Lakeshore Operating,2181692,4842,4840$68.17$3.02
May 2025Lakeshore Operating,2193461281280$62.17$3.12
Apr 2025Lakeshore Operating,14102,4122,4120$63.54$3.42
Mar 2025Lakeshore Operating,2181603,1743,1740$68.24$4.12
Feb 2025Lakeshore Operating,441742,5012,5010$71.53$4.19
Jan 2025Basa Resources,2143461,8111,8110$75.74$4.13
Dec 2024Basa Resources,288341000$70.12$3.01
Nov 2024Basa Resources,2321821,7541,7540$69.95$2.12
Oct 2024Basa Resources,2291823,3533,3530$71.99$2.20
Sep 2024Basa Resources,2011763,2163,2160$70.24$2.28
Aug 2024Basa Resources,4173512,8752,8750$76.68$1.99
Jul 2024Basa Resources,401732,9502,9500$81.80$2.07
Jun 2024Basa Resources,2073423,0493,0490$79.77$2.54
May 2024Basa Resources,24003,3783,3780$80.02$2.12
Apr 2024Basa Resources,2233253,1113,1110$85.35$1.60
Mar 2024Basa Resources,2651903,3373,3370$81.28$1.49
Feb 2024Basa Resources,03213,4463,4460$77.25$1.72
Jan 2024Basa Resources,5625513,3073,3070$74.15$3.18
Dec 2023Basa Resources,26803,6093,6090$71.90$2.52
Nov 2023Basa Resources,3733513,4003,4000$77.69$2.71
Oct 2023Basa Resources,35203,2203,2200$85.64$2.98
Sep 2023Basa Resources,983233,4703,4700$89.43$2.64
Aug 2023Basa Resources,2573753,4703,4700$81.39$2.58

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

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This lease belongs to

OperatorLakeshore Operating, LLCFieldMartin (Consolidated)CountyAndrews County

Lakeshore Operating, LLC in Andrews County

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Martin (Consolidated) field

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