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Texas oil lease

Producing

UNIVERSITY "14"

University "14" is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Shafter Lake (San Andres) field.

5 wells

10,337bbl oil, last 12 months−13% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Shafter Lake (San Andres)
RRC lease
08-32880

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
4,415 mcf
Oil in Jul 2026
601 bbl

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "14", Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 10,337 bbl in the 12 months through Jul 2026, against 11,820 bbl in the 12 months before.Last 12 months: 10,337 bblbbl per monthmcf per month005002001,0004001,5006002,000800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "14", Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 10,337 bbl in the 12 months through Jul 2026, against 11,820 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002001,0004001,5006002,000800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

69% of the gas went to a processing plant in the last 12 months

Flaring peaked at 91.8% of the gas in May 2024.

  • Processing plant (3)
  • Flared (4)
69% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY "14" gas by disposition code each month, Aug 2023 to Jul 2026. 69% of the gas went to a processing plant in the last 12 months. Flaring peaked at 91.8% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 91.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
69% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY "14" gas by disposition code each month, Aug 2023 to Jul 2026. 69% of the gas went to a processing plant in the last 12 months. Flaring peaked at 91.8% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 91.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    69% · 3,050 mcf

  • Flared (4)

    31% · 1,365 mcf

30.9% of the gas flared in the last 12 months. 30 months above 3%.

5 wells on this lease

Wells on UNIVERSITY "14"
API numberWell no.Status
42-003-368201Shut-in
42-003-370582Active
42-003-370863Active
42-003-371514Active
42-003-478161HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ngl Crude Assets and Mktg, LLCOilGathers100Jul 21, 2025–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Sentinel Transportation, LLCOilGathers100Jul 1, 2020Jul 21, 2025
Pilot Travel Centers LLCOilGathers100Jul 18, 2019Jul 1, 2020
Bridger Transportation, LLCOilGathers100Jul 6, 2015Jul 18, 2019

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

Who buys my oilOil price check

160 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 320 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 "14"
API numberWell no.Acreson the permit
42-003-478161H160
42-003-371514320
42-003-370863320
42-003-370582320
42-003-368201320

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

Unit decimal checker

What Ring Energy, Inc. told investors it received

Ring Energy, Inc. is linked to Ring Energy, Inc. (REI).
Realized prices reported by Ring Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$95.45SEC filing
Q1 2026$68.97SEC filing
Q4 2025$57.47SEC filing
Q3 2025$64.32SEC filing
Q2 2025$62.69SEC filing
Q1 2025$70.40SEC filing

SourceRing Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "14"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202660160424116576$80.46$2.89
Jun 202659660028222557$84.81$3.15
May 202672073633127556$102.13$2.94
Apr 202669667434526679$100.32$2.77
Mar 202691295130122972$91.38$3.04
Feb 202691490128025822$64.51$3.62
Jan 202685188122317944$60.04$7.72
Dec 20251,0971,068319157162$57.97$4.26
Nov 2025915931564355209$60.06$3.79
Oct 20251,0771,083628376252$60.89$3.19
Sep 2025967966572337235$63.96$2.97
Aug 2025991970329228101$64.86$2.91
Jul 20251,0041,00329623264$68.39$3.20
Jun 202566467535533223$68.17$3.02
May 20251,0201,012440224216$62.17$3.12
Apr 20251,0621,069401277124$63.54$3.42
Mar 20251,1851,11444643610$68.24$4.12
Feb 202581286041139912$71.53$4.19
Jan 20259381,07969961782$75.74$4.13
Dec 20241,3551,247292181111$70.12$3.01
Nov 20241,0831,02344636779$69.95$2.12
Oct 20249841,008545436109$71.99$2.20
Sep 202472283553544986$70.24$2.28
Aug 202499194963257854$76.68$1.99
Jul 2024887867459112347$81.80$2.07
Jun 2024818952431103328$79.77$2.54
May 202482690540333370$80.02$2.12
Apr 20241,4201,38939740357$85.35$1.60
Mar 20241,1291,09337964315$81.28$1.49
Feb 2024170000$77.25$1.72
Jan 2024160000$74.15$3.18
Dec 20231,5281,4444294227$71.90$2.52
Nov 202354153626319865$77.69$2.71
Oct 20237937871921902$85.64$2.98
Sep 2023990955444322122$89.43$2.64
Aug 20231,1911,17621213280$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

OperatorRing Energy, Inc.FieldShafter Lake (San Andres)CountyAndrews County

Ring Energy, Inc. in Andrews County

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Shafter Lake (San Andres) field

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