Texas oil lease

Shut in

PHILLIPS UNIVERSITY

Name: PHILLIPS UNIVERSITY monthly oil and gas production, Andrews County, Texas
Creator: Texas Railroad Commission

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

Oil lease dossier

0bbl oil, since May 2026

Operator: Crescent Energy Operating, LLC
County: Andrews County
Field: Martin (Consolidated)
RRC lease: 08-47134

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Where it sits

This county

Andrews County

Oil in May 2026: 0 bbl
Reporting since: Jan 2020

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Operator
Operator changed: Crescent Energy Operating, LLC took over from Contango Resources, LLC in May 2026.
P-5
The previous operator's P-5 registration is listed as inactive since May 1, 2026 (last P-5 filed Feb 20, 2025).
Sales
No sales reported for the last 12 months of state data (through Jul 2026).

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

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Production by month

No production to chart

The state shows zero oil and zero gas for the one month we hold (May 2026 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 4 times, most recently in May 2026

Crescent Energy Operating, LLC May 2026 to May 2026
Contango Resources, LLC Jan 2022 to Feb 2022
Contango Resources, Inc. Dec 2021 to Dec 2021
FDL Operating, LLC Apr 2020 to Nov 2021
Sheridan Production Company, LLC Jan 2020 to Mar 2020

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Sentinel Transportation, LLC	Oil	Gathers	100	Dec 1, 2013
Dcp Operating Company, LP	Casinghead gas	Buys	100	Apr 1, 2017
Dcp Operating Company, LP	Casinghead gas	Gathers	100	Apr 1, 2017

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

Who buys my oil Oil price check

168 acres on the newest permit

Worth asking
A Rule 37 case is listed
The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

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Permits for Phillips University
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-003-41867	16H	Mar 2, 2021	Jul 7, 2015	168	Vertical

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

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What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).

Realized prices reported by Crescent Energy Company
Quarter	Oil$ per bbl	Gas$ per mcf	Gas liquids$ per bbl	Filing
Q1 2026	$71.00	$2.37	$18.05	SEC filing
Q4 2025	$62.21	$2.84	$22.47	SEC filing
Q3 2025	$63.07	$2.49	$22.53	SEC filing
Q2 2025	$61.47	$2.71	$22.59	SEC filing
Q1 2025	$67.64	$3.18	$25.43	SEC filing
Q4 2024	$67.51	$2.27	$23.08	SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

3 months, newest first

Ledger for PHILLIPS UNIVERSITY
Month	Operator	Oil producedbbl	Oil soldbbl	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026No report	No report filed	–	–	$80.46	$2.89
Jun 2026No report	No report filed	–	–	$84.81	$3.15
May 2026Crescent Energy	Crescent Energy Operating, LLC	0	0	$102.13	$2.94

No report filed

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

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