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Texas oil lease

Producing

UNIVERSITY "12-23"

University "12-23" is an oil lease in Crockett County, Texas, operated by Kstone Energy, LLC in the Spraberry (Trend Area) field.

1 well

257bbl oil, last 12 months−26% vs prior year
Operator
Kstone Energy, LLC
County
Crockett County
Field
Spraberry (Trend Area)
RRC lease
7C-10703

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Oil in Jul 2026
16 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Kstone Energy, LLC took over from Remuda Operating Company in Mar 2025.

  • P-5

    The previous operator's P-5 registration is listed as delinquent (last P-5 filed Apr 4, 2025).

  • Sales

    No sales reported for the last 4 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

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "12-23", Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 257 bbl in the 12 months through Jul 2026, against 349 bbl in the 12 months before.Last 12 months: 257 bblbbl per monthmcf per month0025105020753010040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "12-23", Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 257 bbl in the 12 months through Jul 2026, against 349 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025105020753010040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuel

  • Processing plant (3)
  • Lease fuel (1)
Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY "12-23" gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2025: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY "12-23" gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuel.Share of gas by disposition code0%50%100%Feb 25: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    83% · 300 mcf

  • Processing plant (3)

    17% · 60 mcf

Who has run this lease

The operator changed once, most recently in Mar 2025

Operators of this lease over timeRemuda Operating Company, Jan 2020 to Feb 2025; Kstone Energy, LLC, Mar 2025 to Jul 20262020202120222023202420252026Changed Mar 2025Remuda Operating CompanyJan 2020 to Feb 2025Kstone Energy, LLCMar 2025 to now
Operators of this lease over timeRemuda Operating Company, Jan 2020 to Feb 2025; Kstone Energy, LLC, Mar 2025 to Jul 20262020202120222023202420252026Changed Mar 2025Remuda Operating CompanyJan 2020 to Feb 2025Kstone Energy, LLCMar 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY "12-23"
API numberWell no.Status
42-105-324281Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Jul 1, 2000

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

Who buys my oilOil price check

80 acres on the newest permit

Check your decimal on this lease
Permits for University "12-23"
API numberWell no.Acreson the permit
42-105-32428180

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "12-23"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Kstone Energy,160000$80.46$2.89
Jun 2026Kstone Energy,430000$84.81$3.15
May 2026Kstone Energy,90000$102.13$2.94
Apr 2026Kstone Energy,500000$100.32$2.77
Mar 2026Kstone Energy,35172000$91.38$3.04
Feb 2026Kstone Energy,00000$64.51$3.62
Jan 2026Kstone Energy,00000$60.04$7.72
Dec 2025Kstone Energy,160000$57.97$4.26
Nov 2025Kstone Energy,00000$60.06$3.79
Oct 2025Kstone Energy,00000$60.89$3.19
Sep 2025Kstone Energy,390000$63.96$2.97
Aug 2025Kstone Energy,490000$64.86$2.91
Jul 2025Kstone Energy,330000$68.39$3.20
Jun 2025Kstone Energy,8145000$68.17$3.02
May 2025Kstone Energy,50000$62.17$3.12
Apr 2025Kstone Energy,240000$63.54$3.42
Mar 2025Kstone Energy,98114000$68.24$4.12
Feb 2025Remuda Operating22030300$71.53$4.19
Jan 2025Remuda Operating110000$75.74$4.13
Dec 2024Remuda Operating403000$70.12$3.01
Nov 2024Remuda Operating310000$69.95$2.12
Oct 2024Remuda Operating200000$71.99$2.20
Sep 2024Remuda Operating3203000$70.24$2.28
Aug 2024Remuda Operating611783000$76.68$1.99
Jul 2024Remuda Operating140000$81.80$2.07
Jun 2024Remuda Operating1703000$79.77$2.54
May 2024Remuda Operating703000$80.02$2.12
Apr 2024Remuda Operating503000$85.35$1.60
Mar 2024Remuda Operating803000$81.28$1.49
Feb 2024Remuda Operating21783000$77.25$1.72
Jan 2024Remuda Operating30000$74.15$3.18
Dec 2023Remuda Operating100000$71.90$2.52
Nov 2023Remuda Operating50000$77.69$2.71
Oct 2023Remuda Operating403000$85.64$2.98
Sep 2023Remuda Operating1103000$89.43$2.64
Aug 2023Remuda Operating3030300$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

OperatorKstone Energy, LLCFieldSpraberry (Trend Area)CountyCrockett County

Kstone Energy, LLC in Crockett County

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Spraberry (Trend Area) field

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