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Texas oil lease

Producing

UNIVERSITY "12-12"

University "12-12" is an oil lease in Reagan County, Texas, operated by Reverence Operating LLC in the Spraberry (Trend Area) field.

3 wells

1,159bbl oil, last 12 months−24% vs prior year
Operator
Reverence Operating LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-16384

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Oil in Jul 2026
93 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "12-12", Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 1,159 bbl in the 12 months through Jul 2026, against 1,530 bbl in the 12 months before.Last 12 months: 1,159 bblbbl per monthmcf per month001005200103001540020Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "12-12", Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 1,159 bbl in the 12 months through Jul 2026, against 1,530 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005200103001540020Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to lease fuel in the only month reported

All of the gas went to lease fuel in the only month reportedShare of UNIVERSITY "12-12" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the only month reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to lease fuel in the only month reportedShare of UNIVERSITY "12-12" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the only month reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in May 2024

Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Apr 2024; Reverence Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Pioneer Natural Res. USA, Inc.Jan 2020 to Apr 2024Reverence Operating LLCMay 2024 to now
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Apr 2024; Reverence Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Pioneer Natural Res. USA, Inc.Jan 2020 to Apr 2024Reverence Operating LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on UNIVERSITY "12-12"
API numberWell no.Status
42-383-359783Active
42-383-359794Active
42-383-376461WSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Aug 1, 2024–
Etc South Permian Midstream LLCCasinghead gasBuys100Aug 1, 2024–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Wtg South Permian Midstream LLCCasinghead gasGathers100May 1, 2024Aug 1, 2024
Wtg South Permian Midstream LLCCasinghead gasBuys100May 1, 2024Aug 1, 2024
Indeca Crude Xpress, LLCOilGathers50May 1, 2024Aug 1, 2024
Plains Marketing, L.p.OilGathers50May 1, 2024Aug 1, 2024
Davis Gas Processing, Inc.Casinghead gasGathers100Oct 1, 2016May 1, 2024
Davis Gas Processing, Inc.Casinghead gasBuys100Oct 1, 2016May 1, 2024

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

Who buys my oilOil price check

169.30 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 169.3 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for University "12-12"
API numberWell no.Acreson the permit
42-383-376461WS169.30
42-383-359783160
42-383-359783D160
42-383-359794160

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "12-12"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Reverence Operating930000$80.46$2.89
Jun 2026Reverence Operating112178000$84.81$3.15
May 2026Reverence Operating730000$102.13$2.94
Apr 2026Reverence Operating82163000$100.32$2.77
Mar 2026Reverence Operating920000$91.38$3.04
Feb 2026Reverence Operating133173000$64.51$3.62
Jan 2026Reverence Operating350000$60.04$7.72
Dec 2025Reverence Operating108172000$57.97$4.26
Nov 2025Reverence Operating930000$60.06$3.79
Oct 2025Reverence Operating112171000$60.89$3.19
Sep 2025Reverence Operating105169000$63.96$2.97
Aug 2025Reverence Operating1210000$64.86$2.91
Jul 2025Reverence Operating99172000$68.39$3.20
Jun 2025Reverence Operating121169000$68.17$3.02
May 2025Reverence Operating99171000$62.17$3.12
Apr 2025Reverence Operating1300000$63.54$3.42
Mar 2025Reverence Operating160516000$68.24$4.12
Feb 2025Reverence Operating720000$71.53$4.19
Jan 2025Reverence Operating910000$75.74$4.13
Dec 2024Reverence Operating215174000$70.12$3.01
Nov 2024Reverence Operating860000$69.95$2.12
Oct 2024Reverence Operating236333000$71.99$2.20
Sep 2024Reverence Operating130173000$70.24$2.28
Aug 2024Reverence Operating9102000$76.68$1.99
Jul 2024Reverence Operating221345000$81.80$2.07
Jun 2024Reverence Operating3850000$79.77$2.54
May 2024Reverence Operating00000$80.02$2.12
Apr 2024Pioneer Natural00000$85.35$1.60
Mar 2024Pioneer Natural00000$81.28$1.49
Feb 2024Pioneer Natural00000$77.25$1.72
Jan 2024Pioneer Natural00000$74.15$3.18
Dec 2023Pioneer Natural00000$71.90$2.52
Nov 2023Pioneer Natural00000$77.69$2.71
Oct 2023Pioneer Natural00000$85.64$2.98
Sep 2023Pioneer Natural00000$89.43$2.64
Aug 2023Pioneer Natural00000$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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Nearby

This lease belongs to

OperatorReverence Operating LLCFieldSpraberry (Trend Area)CountyReagan County

Reverence Operating LLC in Reagan County

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Spraberry (Trend Area) field

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