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Texas oil lease

Producing

UNIVERSITY 10

University 10 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) R 40 Exc field.

Oil lease dossier

228,431bbl oil, last 12 months−18% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-20685

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
1,038,301 mcf
Oil in Jul 2026
20,874 bbl

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 UNIVERSITY 10, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 228,431 bbl in the 12 months through Jul 2026, against 279,076 bbl in the 12 months before.Last 12 months: 228,431 bblbbl per monthmcf per month0010k50k20k100k30k150k40k200kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 10, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 228,431 bbl in the 12 months through Jul 2026, against 279,076 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k50k20k100k30k150k40k200kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 32.2% of the gas in Oct 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 10 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 32.2% of the gas in Oct 2025.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 32.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 10 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 32.2% of the gas in Oct 2025.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 32.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    76% · 787,062 mcf

  • Lease fuel (1)

    13% · 134,068 mcf

  • Flared (4)

    11% · 117,171 mcf

11.3% of the gas flared in the last 12 months. 29 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Nov 2023

Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating,…Nov 2023 to now
Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating, LLCNov 2023 to now

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
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Mar 1, 2020
Dcp Operating Company, LPCasinghead gasBuys100Mar 1, 2020
Dcp Operating Company, LPCasinghead gasGathers100Mar 1, 2020

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

Who buys my oilOil price check

8,391.10 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 7,906.26 and 8,392.7 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    34 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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.

Check your decimal on this lease
Permits for University 10
API numberWell no.Acreson the permit
42-383-406853523HK8,391.10
42-383-406873528HK8,391.10
42-383-406863527HA8,391.10
42-383-406883512HA8,391.10
42-383-406893513HK8,391.10
42-383-404632501HS8,391.10
42-383-404642503HK8,391.10
42-383-404652508HK8,391.10
42-383-404572506HS8,391.10
42-383-404582502HA8,391.10
42-383-404552507HA8,391.10
42-383-402712601HB8,392.70

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

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 10
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources20,87421,429110,43798,2841,180$80.46$2.89
Jun 2026Permian Resources20,33220,119102,42278,67212,619$84.81$3.15
May 2026Permian Resources20,48720,90997,42473,94012,251$102.13$2.94
Apr 2026Permian Resources19,68919,92596,39359,82425,961$100.32$2.77
Mar 2026Permian Resources22,10721,32999,02384,2433,875$91.38$3.04
Feb 2026Permian Resources20,13420,70982,53369,7692,457$64.51$3.62
Jan 2026Permian Resources17,59816,83378,66762,3716,319$60.04$7.72
Dec 2025Permian Resources22,75823,37486,96068,8435,228$57.97$4.26
Nov 2025Permian Resources17,28116,80073,44052,3359,881$60.06$3.79
Oct 2025Permian Resources18,47418,31269,95836,40822,556$60.89$3.19
Sep 2025Permian Resources13,54413,58661,64037,70912,423$63.96$2.97
Aug 2025Permian Resources15,15315,79579,40464,6642,421$64.86$2.91
Jul 2025Permian Resources19,70518,894101,06879,9458,645$68.39$3.20
Jun 2025Permian Resources22,15622,037116,00892,5207,816$68.17$3.02
May 2025Permian Resources23,41724,089117,71792,90510,268$62.17$3.12
Apr 2025Permian Resources23,18722,815112,97993,9987,374$63.54$3.42
Mar 2025Permian Resources23,73623,709107,50588,8856,875$68.24$4.12
Feb 2025Permian Resources19,31819,44496,06980,5743,031$71.53$4.19
Jan 2025Permian Resources24,26024,166110,57389,0209,963$75.74$4.13
Dec 2024Permian Resources24,84825,153128,918116,3511,359$70.12$3.01
Nov 2024Permian Resources24,22123,762127,101110,8316,339$69.95$2.12
Oct 2024Permian Resources25,15125,290131,021113,9346,512$71.99$2.20
Sep 2024Permian Resources24,58124,617127,697113,4495,083$70.24$2.28
Aug 2024Permian Resources24,49624,527139,370118,53010,877$76.68$1.99
Jul 2024Permian Resources26,63726,860142,220122,9559,656$81.80$2.07
Jun 2024Permian Resources25,47125,610137,959119,1488,536$79.77$2.54
May 2024Permian Resources27,64727,528144,212130,7914,732$80.02$2.12
Apr 2024Permian Resources28,73028,382135,033117,72113,759$85.35$1.60
Mar 2024Permian Resources29,35229,194141,806129,1932,843$81.28$1.49
Feb 2024Permian Resources28,74728,983123,157110,4941,517$77.25$1.72
Jan 2024Permian Resources26,97826,872105,43189,5093,599$74.15$3.18
Dec 2023Permian Resources31,60731,514138,614104,35822,101$71.90$2.52
Nov 2023Permian Resources30,98030,813124,677110,7193,870$77.69$2.71
Oct 2023Earthstone Operating,32,67832,431133,383123,094778$85.64$2.98
Sep 2023Earthstone Operating,29,33729,498126,867113,2953,957$89.43$2.64
Aug 2023Earthstone Operating,33,22033,456151,142140,78755$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

OperatorPermian Resources Operating, LLCFieldSpraberry (Trend Area) R 40 ExcCountyReagan County

Permian Resources Operating, LLC in Reagan County

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Spraberry (Trend Area) R 40 Exc field

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