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Texas oil lease

Producing

UNIVERSITY 12-9

University 12-9 is an oil lease in Reagan County, Texas, operated by Reverence Operating LLC in the Spraberry (Trend Area) field.

5 wells

6,118bbl oil, last 12 months−18% vs prior year
Operator
Reverence Operating LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-16437

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
19,768 mcf
Oil in Jul 2026
493 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 12-9, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 6,118 bbl in the 12 months through Jul 2026, against 7,464 bbl in the 12 months before.Last 12 months: 6,118 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 12-9, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 6,118 bbl in the 12 months through Jul 2026, against 7,464 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 4.0% of the gas in Sep 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 12-9 gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 4.0% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2025: fuel to lineFlared 4.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 12-9 gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 4.0% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Aug 25: fuel to lineFlared 4.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    85% · 16,868 mcf

  • Lease fuel (1)

    15% · 2,900 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.

5 wells on this lease

Wells on UNIVERSITY 12-9
API numberWell no.Status
42-383-339472Active
42-383-339481Active
42-383-360421RActive
42-383-377294HActive
42-383-378335HActive

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

959.20 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 959.2 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 12-9
API numberWell no.Acreson the permit
42-383-378335H959.20
42-383-377294H959.20
42-383-360421R160
42-383-339472160
42-383-339481160
42-383-339483160

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 12-9
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Reverence Operating4935151,4841,4840$80.46$2.89
Jun 2026Reverence Operating4403444824820$84.81$3.15
May 2026Reverence Operating5075071,2481,2480$102.13$2.94
Apr 2026Reverence Operating4725075215210$100.32$2.77
Mar 2026Reverence Operating5766733,1333,1330$91.38$3.04
Feb 2026Reverence Operating5275192,5792,5790$64.51$3.62
Jan 2026Reverence Operating4823421,3211,3210$60.04$7.72
Dec 2025Reverence Operating5756892,1901,5900$57.97$4.26
Nov 2025Reverence Operating5323381,3178170$60.06$3.79
Oct 2025Reverence Operating5236582,1851,5850$60.89$3.19
Sep 2025Reverence Operating4973411,8701,2700$63.96$2.97
Aug 2025Reverence Operating4948061,4388380$64.86$2.91
Jul 2025Reverence Operating577535456560$68.39$3.20
Jun 2025Reverence Operating4853429685680$68.17$3.02
May 2025Reverence Operating5436822,5761,9760$62.17$3.12
Apr 2025Reverence Operating7466822,8312,2310$63.54$3.42
Mar 2025Reverence Operating6651,0153,5182,8180$68.24$4.12
Feb 2025Reverence Operating4865171,0765660$71.53$4.19
Jan 2025Reverence Operating5595221,3208100$75.74$4.13
Dec 2024Reverence Operating6103431,7951,2850$70.12$3.01
Nov 2024Reverence Operating6155172,0981,5880$69.95$2.12
Oct 2024Reverence Operating1,0591,0232,2771,7670$71.99$2.20
Sep 2024Reverence Operating5016852,7752,2650$70.24$2.28
Aug 2024Reverence Operating6186861,7491,2390$76.68$1.99
Jul 2024Reverence Operating6556882,0781,5680$81.80$2.07
Jun 2024Reverence Operating2945201,2177070$79.77$2.54
May 2024Reverence Operating6766341,4379270$80.02$2.12
Apr 2024Pioneer Natural5465492,6202,0020$85.35$1.60
Mar 2024Pioneer Natural6371,1163,0022,3630$81.28$1.49
Feb 2024Pioneer Natural62902,6882,07813$77.25$1.72
Jan 2024Pioneer Natural2962751,9201,25823$74.15$3.18
Dec 2023Pioneer Natural8671,0183,1362,4970$71.90$2.52
Nov 2023Pioneer Natural7175563,1262,5080$77.69$2.71
Oct 2023Pioneer Natural4033672,1861,5470$85.64$2.98
Sep 2023Pioneer Natural8847223,2182,470130$89.43$2.64
Aug 2023Pioneer Natural1701791,5388990$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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