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Texas oil lease

Producing

UNIVERSITY 15E

University 15E is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Shafter Lake (San Andres) field.

1 well

19,379bbl oil, last 12 months−13% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Shafter Lake (San Andres)
RRC lease
08-53981

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
10,800 mcf
Oil in Jul 2026
1,491 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 15E, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 19,379 bbl in the 12 months through Jul 2026, against 22,254 bbl in the 12 months before.Last 12 months: 19,379 bblbbl per monthmcf per month001,0005002,0001,0003,0001,5004,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 15E, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 19,379 bbl in the 12 months through Jul 2026, against 22,254 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005002,0001,0003,0001,5004,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

52% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in Jan 2025.

  • Processing plant (3)
  • Flared (4)
52% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 15E gas by disposition code each month, Aug 2023 to Jul 2026. 52% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
52% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 15E gas by disposition code each month, Aug 2023 to Jul 2026. 52% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    52% · 5,571 mcf

  • Flared (4)

    48% · 5,229 mcf

48.4% of the gas flared in the last 12 months. 32 months above 3%.

1 well on this lease

Wells on UNIVERSITY 15E
API numberWell no.Status
42-003-480701503HActive

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 gasBuys100Jul 17, 2019–
Dcp Operating Company, LPCasinghead gasGathers100Jul 17, 2019–
Ngl Crude Logistics, LLCOilGathers100Jul 17, 2019Jul 21, 2025

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

Who buys my oilOil price check

3,532.08 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for University 15E
API numberWell no.Acreson the permit
42-003-480701503H3,532.08

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 15E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,4911,445957680277$80.46$2.89
Jun 20261,3181,36574366578$84.81$3.15
May 20261,2621,12063853999$102.13$2.94
Apr 20261,4531,587821670151$100.32$2.77
Mar 20261,9372,0081,083860223$91.38$3.04
Feb 20261,4981,38092287151$64.51$3.62
Jan 20261,2971,309827641186$60.04$7.72
Dec 20251,6821,7171,447645802$57.97$4.26
Nov 20252,3542,3701,03901,039$60.06$3.79
Oct 20252,3552,3149310931$60.89$3.19
Sep 20251,8791,8387480748$63.96$2.97
Aug 20258537856440644$64.86$2.91
Jul 20251,3531,3924130413$68.39$3.20
Jun 20251,3991,3911590159$68.17$3.02
May 20251,5251,543378194184$62.17$3.12
Apr 20251,6251,653339234105$63.54$3.42
Mar 20251,6331,6894874789$68.24$4.12
Feb 20252,0201,91889887622$71.53$4.19
Jan 20251,9912,0711910191$75.74$4.13
Dec 20242,4432,401719476243$70.12$3.01
Nov 20241,082982403297106$69.95$2.12
Oct 20242,2872,37148939495$71.99$2.20
Sep 20242,2502,28158349093$70.24$2.28
Aug 20242,6462,66749945544$76.68$1.99
Jul 20242,5992,67033161270$81.80$2.07
Jun 20242,5412,41727684192$79.77$2.54
May 20241,9571,96051543472$80.02$2.12
Apr 20242,0121,99971873645$85.35$1.60
Mar 20242,0442,50343171360$81.28$1.49
Feb 20241,9582,001706102604$77.25$1.72
Jan 20241,8901,838976649327$74.15$3.18
Dec 20232,5802,46066565411$71.90$2.52
Nov 20231,6861,691772581191$77.69$2.71
Oct 20231,7842,1801,1011,09011$85.64$2.98
Sep 20232,9282,611941683258$89.43$2.64
Aug 20232,1011,945958595363$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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