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Texas oil lease

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UNIVERSITY 15

University 15 is an oil lease in Crockett County, Texas, operated by Petx Operating LLC in the Block 38 (Ellenburger) field.

1 well

551bbl oil, last 12 months−28% vs prior year
Operator
Petx Operating LLC
County
Crockett County
Field
Block 38 (Ellenburger)
RRC lease
7C-15434

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
2,404 mcf
Oil in Jun 2026
28 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Petx Operating LLC took over from Iron Orchard Operating LLC in Jun 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 28% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 15, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 478 bbl in the 12 months through Jul 2026, against 661 bbl in the 12 months before.Last 12 months: 478 bblbbl per monthmcf per month00502501005001507502001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 15, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 478 bbl in the 12 months through Jul 2026, against 661 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502501005001507502001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 48.0% of the gas in Jan 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2025 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY 15 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 48.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2025: fuel to plantFlared 48.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2025 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY 15 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 48.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Mar 25: fuel to plantFlared 48.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    87% · 6,164 mcf

  • Lease fuel (1)

    8.9% · 626 mcf

  • Flared (4)

    3.8% · 268 mcf

3.8% of the gas flared in the last 12 months. 8 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jun 2025

Operators of this lease over timeOsborn Heirs Company, Jan 2020 to May 2023; Iron Orchard Operating LLC, Jun 2023 to May 2025; Petx Operating LLC, Jun 2025 to Jun 20262020202120222023202420252026Changed Jun 2023Changed Jun 2025Osborn Heirs CompanyJan 2020 to May 2023Iron Orchard Operating LLCJun 2023 to May 2025Petx Operating LLCJun 2025 to now
Operators of this lease over timeOsborn Heirs Company, Jan 2020 to May 2023; Iron Orchard Operating LLC, Jun 2023 to May 2025; Petx Operating LLC, Jun 2025 to Jun 20262020202120222023202420252026Changed Jun 2023Changed Jun 2025Osborn Heirs CompanyJan 2020 to May 2023Iron Orchard Operating LLCJun 2023 to May 2025Petx Operating LLCJun 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 15
API numberWell no.Status
42-105-358021Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Jul 3, 2003–
Targa Midstream Services LLCCasinghead gasBuys100Jun 1, 2025–
Targa Midstream Services LLCCasinghead gasGathers100Oct 1, 2011–
Targa Midstream Services LLCCasinghead gasBuys100Oct 1, 2011Jun 1, 2025

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

Who buys my oilOil price check

338.65 acres on the newest permit

Check your decimal on this lease
Permits for University 15
API numberWell no.Acreson the permit
42-105-358021338.65

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

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Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 15
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Petx Operating2828000$84.81$3.15
May 2026Petx Operating89000$102.13$2.94
Apr 2026Petx Operating227000$100.32$2.77
Mar 2026Petx Operating29278418410$91.38$3.04
Feb 2026Petx Operating40317987980$64.51$3.62
Jan 2026Petx Operating28277657650$60.04$7.72
Dec 2025Petx Operating4985000$57.97$4.26
Nov 2025Petx Operating6320000$60.06$3.79
Oct 2025Petx Operating8665000$60.89$3.19
Sep 2025Petx Operating6722000$63.96$2.97
Aug 2025Petx Operating7844000$64.86$2.91
Jul 2025Petx Operating7348000$68.39$3.20
Jun 2025Petx Operating7570000$68.17$3.02
May 2025Iron Orchard76704653220$62.17$3.12
Apr 2025Iron Orchard66713082840$63.54$3.42
Mar 2025Iron Orchard881401681680$68.24$4.12
Feb 2025Iron Orchard814911200$71.53$4.19
Jan 2025Iron Orchard5272558166268$75.74$4.13
Dec 2024Iron Orchard45726736730$70.12$3.01
Nov 2024Iron Orchard32559548610$69.95$2.12
Oct 2024Iron Orchard21557406530$71.99$2.20
Sep 2024Iron Orchard37376766330$70.24$2.28
Aug 2024Iron Orchard153765246353$76.68$1.99
Jul 2024Iron Orchard60743132690$81.80$2.07
Jun 2024Iron Orchard75373903320$79.77$2.54
May 2024Iron Orchard49364663870$80.02$2.12
Apr 2024Iron Orchard36713863320$85.35$1.60
Mar 2024Iron Orchard158744093530$81.28$1.49
Feb 2024Iron Orchard55040428123$77.25$1.72
Jan 2024Iron Orchard4511060746019$74.15$3.18
Dec 2023Iron Orchard55031720313$71.90$2.52
Nov 2023Iron Orchard61109706349267$77.69$2.71
Oct 2023Iron Orchard7937697412152$85.64$2.98
Sep 2023Iron Orchard3973799525140$89.43$2.64
Aug 2023Iron Orchard3409538090$81.39$2.58

No report filed 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

OperatorPetx Operating LLCFieldBlock 38 (Ellenburger)CountyCrockett County

Petx Operating LLC in Crockett County

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Block 38 (Ellenburger) field

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