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Texas oil lease

Producing

UNIVERSITY "2-34"

University "2-34" is an oil lease in Reagan County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

3 wells

782bbl oil, last 12 months+62% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-17712

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
1,037 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 5 months of state data (through Jul 2026).

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

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Production by month

Oil output rose 62% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 62% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "2-34", Aug 2023 to Jul 2026. Oil output rose 62% over the last 12 months. 782 bbl in the 12 months through Jul 2026, against 484 bbl in the 12 months before.Last 12 months: 782 bblbbl per monthmcf per month00502001004001506002008002501,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 62% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "2-34", Aug 2023 to Jul 2026. Oil output rose 62% over the last 12 months. 782 bbl in the 12 months through Jul 2026, against 484 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502001004001506002008002501,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 22.8% of the gas in Jul 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY "2-34" gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 22.8% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 22.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY "2-34" gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 22.8% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Flared 22.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 2,912 mcf

  • Flared (4)

    2.5% · 76 mcf

  • Lease fuel (1)

    0.3% · 9 mcf

2.5% of the gas flared in the last 12 months. 9 months above 3%.

3 wells on this lease

Wells on UNIVERSITY "2-34"
API numberWell no.Status
42-383-372624Active
42-383-378041Active
42-383-378135Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Sep 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015–
Plains Marketing, L.p.OilGathers100Aug 3, 2011Sep 1, 2025

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

Who buys my oilOil price check

330.10 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 329.85 and 330.1 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 "2-34"
API numberWell no.Acreson the permit
42-383-378135330.10
42-383-378041330.10
42-383-372624329.85

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

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36 months, newest first

Ledger for UNIVERSITY "2-34"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 202600000$84.81$3.15
May 202610000$102.13$2.94
Apr 202600000$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202612173000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 20251361363453450$60.06$3.79
Oct 20252131232522520$60.89$3.19
Sep 20252071583013010$63.96$2.97
Aug 20251041701391390$64.86$2.91
Jul 20251821493503500$68.39$3.20
Jun 20251511393543540$68.17$3.02
May 2025151835005000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 202500000$68.24$4.12
Feb 202500000$71.53$4.19
Jan 202500000$75.74$4.13
Dec 202400000$70.12$3.01
Nov 202400000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 2024034000$76.68$1.99
Jul 20247666926921$81.80$2.07
Jun 2024909412410616$79.77$2.54
May 2024837213511518$80.02$2.12
Apr 202476591271197$85.35$1.60
Mar 202400000$81.28$1.49
Feb 2024047000$77.25$1.72
Jan 2024877727826214$74.15$3.18
Dec 202325028339036820$71.90$2.52
Nov 2023902031127136$77.69$2.71
Oct 2023042000$85.64$2.98
Sep 202310810052435048$89.43$2.64
Aug 202311616869053429$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

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyReagan County

Pioneer Natural Res. USA, Inc. in Reagan County

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Spraberry (Trend Area) field

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