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Texas oil lease

Producing

UNIVERSITY '12-12A'

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

2 wells

5,401bbl oil, last 12 months−23% vs prior year
Operator
Reverence Operating LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-18321

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
27,358 mcf
Oil in Jul 2026
189 bbl

Production by month

Oil output fell 23% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for UNIVERSITY '12-12A', Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 5,401 bbl in the 12 months through Jul 2026, against 6,989 bbl in the 12 months before.Last 12 months: 5,401 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for UNIVERSITY '12-12A', Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 5,401 bbl in the 12 months through Jul 2026, against 6,989 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 9.7% of the gas in Sep 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since May 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY '12-12A' gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 9.7% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%May 2024: plant to lineFlared 9.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY '12-12A' gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 9.7% of the gas in Sep 2023.Share of gas by disposition code0%50%100%May 24: plant to lineFlared 9.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    90% · 24,508 mcf

  • Lease fuel (1)

    10% · 2,850 mcf

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.

2 wells on this lease

Wells on UNIVERSITY '12-12A'
API numberWell no.Status
42-383-377611HActive
42-383-382292HRActive

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

636.50 acres on the newest permit

Check your decimal on this lease
Permits for University '12-12A'
API numberWell no.Acreson the permit
42-383-382292HR636.50
42-383-377611H636.50

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY '12-12A'
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Reverence Operating18902682680$80.46$2.89
Jun 2026Reverence Operating281692032030$84.81$3.15
May 2026Reverence Operating4433291,7431,7430$102.13$2.94
Apr 2026Reverence Operating5144937047040$100.32$2.77
Mar 2026Reverence Operating5846562,8932,8930$91.38$3.04
Feb 2026Reverence Operating5356742,8172,8170$64.51$3.62
Jan 2026Reverence Operating5473391,9961,9960$60.04$7.72
Dec 2025Reverence Operating5296783,2702,6700$57.97$4.26
Nov 2025Reverence Operating4915092,3741,8740$60.06$3.79
Oct 2025Reverence Operating4843402,6902,1900$60.89$3.19
Sep 2025Reverence Operating5354974,0123,4120$63.96$2.97
Aug 2025Reverence Operating5226774,3883,7380$64.86$2.91
Jul 2025Reverence Operating5495203,6893,0890$68.39$3.20
Jun 2025Reverence Operating4716753,5662,9660$68.17$3.02
May 2025Reverence Operating5583172,8792,3790$62.17$3.12
Apr 2025Reverence Operating5335083,1052,6050$63.54$3.42
Mar 2025Reverence Operating8011,0054,3683,7680$68.24$4.12
Feb 2025Reverence Operating4146782,2961,6960$71.53$4.19
Jan 2025Reverence Operating5351723,2522,6520$75.74$4.13
Dec 2024Reverence Operating6296764,6214,0210$70.12$3.01
Nov 2024Reverence Operating6166133,0682,6680$69.95$2.12
Oct 2024Reverence Operating5685182,8562,4560$71.99$2.20
Sep 2024Reverence Operating6506854,2123,8120$70.24$2.28
Aug 2024Reverence Operating6655174,0803,7080$76.68$1.99
Jul 2024Reverence Operating6308523,7413,3690$81.80$2.07
Jun 2024Reverence Operating7606084,1253,7530$79.77$2.54
May 2024Reverence Operating5945163,3342,9620$80.02$2.12
Apr 2024Pioneer Natural6539043,7633,4030$85.35$1.60
Mar 2024Pioneer Natural5887373,7153,3430$81.28$1.49
Feb 2024Pioneer Natural6147382,8192,44625$77.25$1.72
Jan 2024Pioneer Natural7513643,6363,2640$74.15$3.18
Dec 2023Pioneer Natural6549243,0932,7210$71.90$2.52
Nov 2023Pioneer Natural8238453,6613,3010$77.69$2.71
Oct 2023Pioneer Natural7435383,2972,9250$85.64$2.98
Sep 2023Pioneer Natural8197283,2832,603320$89.43$2.64
Aug 2023Pioneer Natural2393611,8181,4460$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

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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