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Texas oil lease

Producing

UNIVERSITY 14Q

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

Oil lease dossier

16,505bbl oil, last 12 months−11% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Shafter Lake (San Andres)
RRC lease
08-61524

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
10,508 mcf
Oil in Jul 2026
1,493 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 14Q, Aug 2024 to Jul 2026. Oil output fell 11% over the last 12 months. 16,505 bbl in the 12 months through Jul 2026, against 18,541 bbl in the 12 months before.Last 12 months: 16,505 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 24Jan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 14Q, Aug 2024 to Jul 2026. Oil output fell 11% over the last 12 months. 16,505 bbl in the 12 months through Jul 2026, against 18,541 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 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 50.9% of the gas in Dec 2025.

  • Processing plant (3)
  • Flared (4)
69% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 14Q gas by disposition code each month, Aug 2024 to Jul 2026. 69% of the gas went to a processing plant in the last 12 months. Flaring peaked at 50.9% of the gas in Dec 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 50.9%Oct 24Jan 25AprJulOctJan 26AprJul
69% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 14Q gas by disposition code each month, Aug 2024 to Jul 2026. 69% of the gas went to a processing plant in the last 12 months. Flaring peaked at 50.9% of the gas in Dec 2025.Share of gas by disposition code0%50%100%Flared 50.9%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    69% · 7,245 mcf

  • Flared (4)

    31% · 3,263 mcf

31.1% of the gas flared in the last 12 months. 22 months above 3%.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

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 gasBuys100Aug 1, 2024–
Dcp Operating Company, LPCasinghead gasGathers100Aug 1, 2024–
Ngl Crude Logistics, LLCOilGathers100Aug 1, 2024Jul 21, 2025

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

Who buys my oilOil price check

150.50 acres on the newest permit

Check your decimal on this lease
Permits for University 14Q
API numberWell no.Acreson the permit
42-003-474571H150.50
42-003-475362H150.50

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

24 months, newest first

Ledger for UNIVERSITY 14Q
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,4931,479539369170$80.46$2.89
Jun 20261,4041,392569457112$84.81$3.15
May 20261,3871,424778648130$102.13$2.94
Apr 20261,4351,416853658195$100.32$2.77
Mar 20261,3991,382718547171$91.38$3.04
Feb 20261,2651,26769864256$64.51$3.62
Jan 20261,1301,13244535194$60.04$7.72
Dec 20251,3501,376725356369$57.97$4.26
Nov 20251,4611,4561,374864510$60.06$3.79
Oct 20251,4971,4871,461875586$60.89$3.19
Sep 20251,3061,2911,446851595$63.96$2.97
Aug 20251,3781,374902627275$64.86$2.91
Jul 20251,4991,518864677187$68.39$3.20
Jun 20251,6681,6771,2321,13399$68.17$3.02
May 20251,6231,609936478458$62.17$3.12
Apr 20251,5211,507861601260$63.54$3.42
Mar 20251,6491,5641,00798423$68.24$4.12
Feb 20251,1401,20084882622$71.53$4.19
Jan 20251,4321,4441,6181,446172$75.74$4.13
Dec 20241,4861,484838541297$70.12$3.01
Nov 20241,8111,8701,113928185$69.95$2.12
Oct 20242,1222,0731,2571,011246$71.99$2.20
Sep 20241,3791,379987798189$70.24$2.28
Aug 20241,2111,33596787196$76.68$1.99

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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New drilling permits in Andrews County

Newest in the county: this lease has no coordinates.