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Texas oil lease

Producing

STATE UNIVERSITY F3

State University F3 is an oil lease in Ward County, Texas, operated by Two P Partners, LLC in the Ward-Estes, North field.

2 wells

4,960bbl oil, last 12 months+185% vs prior year
Operator
Two P Partners, LLC
County
Ward County
Field
Ward-Estes, North
RRC lease
08-35161

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
58 mcf
Oil in Jul 2026
338 bbl

Production by month

Oil output rose 185% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 185% over the last 12 monthsMonthly oil production and gas for STATE UNIVERSITY F3, Aug 2023 to Jul 2026. Oil output rose 185% over the last 12 months. 4,960 bbl in the 12 months through Jul 2026, against 1,740 bbl in the 12 months before.Last 12 months: 4,960 bblbbl per monthmcf per month0020050400100600150800200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 185% over the last 12 monthsMonthly oil production and gas for STATE UNIVERSITY F3, Aug 2023 to Jul 2026. Oil output rose 185% over the last 12 months. 4,960 bbl in the 12 months through Jul 2026, against 1,740 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020050400100600150800200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a transmission line in the last 12 months

Flaring peaked at 40.0% of the gas in Oct 2024.

  • Transmission line (2)
  • Flared (4)
95% of the gas went to a transmission line in the last 12 monthsShare of STATE UNIVERSITY F3 gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 40.0% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 40.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
95% of the gas went to a transmission line in the last 12 monthsShare of STATE UNIVERSITY F3 gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 40.0% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Flared 40.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    95% · 55 mcf

  • Flared (4)

    5.2% · 3 mcf

5.2% of the gas flared in the last 12 months. 6 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2021

Operators of this lease over timeFour Corners Petroleum II, LLC, Jan 2020 to Dec 2020; Two P Partners, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Four Corners Petroleum II, LLCJan 2020 to Dec 2020Two P Partners, LLCJan 2021 to now
Operators of this lease over timeFour Corners Petroleum II, LLC, Jan 2020 to Dec 2020; Two P Partners, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Four Corners Petroleum II, LLCJan 2020 to Dec 2020Two P Partners, LLCJan 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on STATE UNIVERSITY F3
API numberWell no.Status
42-475-34419113Active
42-475-34455108Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Explore Logistics LLCOilGathers100Jul 1, 2024–
Targa Midstream Services LLCCasinghead gasBuys100May 1, 2020–
Targa Midstream Services LLCCasinghead gasGathers100Nov 1, 2018–
Oasis Transp & Marketing Corp.OilGathers100Jan 1, 2024Jul 1, 2024
Rio Energy International, Inc.OilGathers100Oct 1, 2022Jan 1, 2024
Gibson Energy Marketing, LLCOilGathers100May 1, 2020Oct 1, 2022
Targa Midstream Services LLCCasinghead gasBuys100Nov 1, 2018May 1, 2020
Rio Energy International, Inc.OilGathers100Oct 1, 2019May 1, 2020
Gibson Energy Marketing, LLCOilGathers100Nov 1, 2018Oct 1, 2019

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 480 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for State University F3
API numberWell no.Acreson the permit
42-475-34455108160
42-475-34419113160
42-475-33968104480
42-475-0290624W–
42-475-0293148–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for STATE UNIVERSITY F3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Two P338311651$80.46$2.89
Jun 2026Two P426567550$84.81$3.15
May 2026Two P401279660$102.13$2.94
Apr 2026Two P477418330$100.32$2.77
Mar 2026Two P581682220$91.38$3.04
Feb 2026Two P454371220$64.51$3.62
Jan 2026Two P479552440$60.04$7.72
Dec 2025Two P718778770$57.97$4.26
Nov 2025Two P613474770$60.06$3.79
Oct 2025Two P172152761$60.89$3.19
Sep 2025Two P166181550$63.96$2.97
Aug 2025Two P135128431$64.86$2.91
Jul 2025Two P11592440$68.39$3.20
Jun 2025Two P9191440$68.17$3.02
May 2025Two P119122660$62.17$3.12
Apr 2025Two P118124660$63.54$3.42
Mar 2025Two P115111880$68.24$4.12
Feb 2025Two P112104880$71.53$4.19
Jan 2025Two P12411912111$75.74$4.13
Dec 2024Two P112136440$70.12$3.01
Nov 2024Two P163200660$69.95$2.12
Oct 2024Two P217204532$71.99$2.20
Sep 2024Two P189189431$70.24$2.28
Aug 2024Two P26526685850$76.68$1.99
Jul 2024Two P2713221841840$81.80$2.07
Jun 2024Two P2781871571570$79.77$2.54
May 2024Two P29057570$80.02$2.12
Apr 2024Two P00000$85.35$1.60
Mar 2024Two P00000$81.28$1.49
Feb 2024Two P9116239390$77.25$1.72
Jan 2024Two P29630564640$74.15$3.18
Dec 2023Two P36335676760$71.90$2.52
Nov 2023Two P3393901021020$77.69$2.71
Oct 2023Two P3543361251250$85.64$2.98
Sep 2023Two P29128511110$89.43$2.64
Aug 2023Two P317289000$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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Nearby

This lease belongs to

OperatorTwo P Partners, LLCFieldWard-Estes, NorthCountyWard County

Two P Partners, LLC in Ward County

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Ward-Estes, North field

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