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Producing

UNIVERSITY 18-40

University 18-40 is an oil lease in Ward County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

1 well

26,268bbl oil, last 12 months+65% vs prior year
Operator
Crescent Energy Operating, LLC
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-56170

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
33,040 mcf
Oil in Jun 2026
2,084 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 2026.

  • Buyer

    Buyer changed: ARM ENERGY MANAGEMENT LLC replaced TARGA MIDSTREAM SERVICES LLC as the buyer of this lease's gas from oil wells on Jun 1, 2025.

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

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Production by month

Oil output rose 65% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 65% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 18-40, Aug 2023 to Jul 2026. Oil output rose 65% over the last 12 months. 24,887 bbl in the 12 months through Jul 2026, against 15,108 bbl in the 12 months before.Last 12 months: 24,887 bblbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 65% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 18-40, Aug 2023 to Jul 2026. Oil output rose 65% over the last 12 months. 24,887 bbl in the 12 months through Jul 2026, against 15,108 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 13.9% of the gas in Oct 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 18-40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 13.9% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Sep 2024: plant to lineFlared 13.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 18-40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 13.9% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Sep 24: plant to lineFlared 13.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 33,039 mcf

  • Flared (4)

    0.0% · 1 mcf

Who has run this lease

The operator changed 2 times, most recently in Jan 2026

Operators of this lease over timePoint Energy Partners Petro, LLC, Jan 2020 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Sep 2024Changed Jan 2026Point Energy Partners Petro,…Jan 2020 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timePoint Energy Partners Petro, LLC, Jan 2020 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Sep 2024Changed Jan 2026Point Energy Partners Petro, LLCJan 2020 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 18-40
API numberWell no.Status
42-475-382405HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Sep 1, 2025–
Arm Energy Management LLCCasinghead gasBuys100Jun 1, 2025–
Scm Ops, LLCCasinghead gasGathers100Jun 1, 2025–
Scm Ops, LLCOilGathers100Jun 1, 2025Sep 1, 2025
Targa Midstream Services LLCCasinghead gasGathers100Sep 1, 2019Jun 1, 2025
Targa Midstream Services LLCCasinghead gasBuys100Jan 1, 2022Jun 1, 2025
Enterprise Crude Oil LLCOilGathers100Jan 1, 2022Jun 1, 2025
Targa Midstream Services LLCCasinghead gasBuys100Sep 1, 2019Jan 1, 2022
Ngl Crude Logistics, LLCOilGathers60Sep 1, 2019Jan 1, 2022

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

Who buys my oilOil price check

640.73 acres on the newest permit

Check your decimal on this lease
Permits for University 18-40
API numberWell no.Acreson the permit
42-475-360143H640.73
42-475-354842H640.73
42-475-382405H640.73

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

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What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 18-40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy2,0842,3182,7092,7090$84.81$3.15
May 2026Crescent Energy2,1192,0522,8712,8710$102.13$2.94
Apr 2026Crescent Energy2,1261,9372,7282,7280$100.32$2.77
Mar 2026Crescent Energy2,9553,1583,7443,7440$91.38$3.04
Feb 2026Crescent Energy2,1021,9942,4102,4100$64.51$3.62
Jan 2026Crescent Energy2,6372,6522,7522,7520$60.04$7.72
Dec 2025Vital Energy,2,2882,3392,9682,9680$57.97$4.26
Nov 2025Vital Energy,1,7141,7262,2442,2440$60.06$3.79
Oct 2025Vital Energy,1,4151,4091,5671,5670$60.89$3.19
Sep 2025Vital Energy,3,4773,5314,5864,5860$63.96$2.97
Aug 2025Vital Energy,1,9701,9262,1102,1100$64.86$2.91
Jul 2025Vital Energy,1,3811,3972,3512,3501$68.39$3.20
Jun 2025Vital Energy,1,6931,4042,2132,2112$68.17$3.02
May 2025Vital Energy,3,0813,8374,0334,0330$62.17$3.12
Apr 2025Vital Energy,1,9331,4442,2212,2210$63.54$3.42
Mar 2025Vital Energy,3,9223,9874,8844,8840$68.24$4.12
Feb 2025Vital Energy,2,6402,2983,1733,1730$71.53$4.19
Jan 2025Vital Energy,00000$75.74$4.13
Dec 2024Vital Energy,00000$70.12$3.01
Nov 2024Vital Energy,00000$69.95$2.12
Oct 2024Vital Energy,0310000$71.99$2.20
Sep 2024Vital Energy,458022220$70.24$2.28
Aug 2024Point Energy00000$76.68$1.99
Jul 2024Point Energy00000$81.80$2.07
Jun 2024Point Energy1,6682,2622,1962,1960$79.77$2.54
May 2024Point Energy3,6433,1174,2504,2500$80.02$2.12
Apr 2024Point Energy3,5413,4404,3184,3180$85.35$1.60
Mar 2024Point Energy3,1203,1393,7703,7700$81.28$1.49
Feb 2024Point Energy1,9312,2332,9882,9880$77.25$1.72
Jan 2024Point Energy3,1283,5312,0282,0280$74.15$3.18
Dec 2023Point Energy3,1022,4172,0002,0000$71.90$2.52
Nov 2023Point Energy4,1414,1412,8862,79455$77.69$2.71
Oct 2023Point Energy5,7175,6184,4763,696620$85.64$2.98
Sep 2023Point Energy6,1106,0496,0785,543423$89.43$2.64
Aug 2023Point Energy4,9315,0016,8336,459202$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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This lease belongs to

OperatorCrescent Energy Operating, LLCFieldPhantom (Wolfcamp)CountyWard County

Crescent Energy Operating, LLC in Ward County

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Phantom (Wolfcamp) field

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