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Texas oil lease

Producing

UNIVERSITY 20

University 20 is an oil lease in Ward County, Texas, operated by Crescent Energy Operating, LLC in the Two Georges (Bone Spring) field.

2 wells

15,492bbl oil, last 12 months−36% vs prior year
Operator
Crescent Energy Operating, LLC
County
Ward County
Field
Two Georges (Bone Spring)
RRC lease
08-52311

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
17,860 mcf
Oil in Jun 2026
1,079 bbl

Checks stopped on this lease?

  • Operator

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

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

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Production by month

Oil output fell 36% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 20, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 13,915 bbl in the 12 months through Jul 2026, against 21,657 bbl in the 12 months before.Last 12 months: 13,915 bblbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 20, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 13,915 bbl in the 12 months through Jul 2026, against 21,657 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a transmission line in the last 12 months

Flaring peaked at 53.8% of the gas in Nov 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
93% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 20 gas by disposition code each month, Aug 2023 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 53.8% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 53.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
93% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 20 gas by disposition code each month, Aug 2023 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 53.8% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Flared 53.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 16,698 mcf

  • Flared (4)

    6.5% · 1,162 mcf

6.5% of the gas flared in the last 12 months. 12 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Jan 2026

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Mar 2023; Point Energy Partners Petro, LLC, Apr 2023 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Apr 2023Changed Sep 2024Changed Jan 2026Diamondback E&P LLCJan 2020 to Mar 2023Point Energy Partners Petro,…Apr 2023 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Mar 2023; Point Energy Partners Petro, LLC, Apr 2023 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Apr 2023Changed Sep 2024Changed Jan 2026Diamondback E&P LLCJan 2020 to Mar 2023Point Energy Partners Petro, LLCApr 2023 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.

2 wells on this lease

Wells on UNIVERSITY 20
API numberWell no.Status
42-475-354734701Active
42-475-355084702Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2023–
Energy Transfer CompanyCasinghead gasBuys50Aug 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys50Aug 1, 2023–
Energy Transfer CompanyCasinghead gasGathers50Aug 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers50Aug 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2018Aug 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Dec 1, 2018Aug 1, 2023
Plains Marketing, L.p.OilGathers100Dec 1, 2018Aug 1, 2023

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

Who buys my oilOil price check

640 acres on the newest permit

Check your decimal on this lease
Permits for University 20
API numberWell no.Acreson the permit
42-475-354734701640
42-475-355084702640

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

Unit decimal checker

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 20
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy1,0791,0991,183885298$84.81$3.15
May 2026Crescent Energy1,1001,1161,4511,201250$102.13$2.94
Apr 2026Crescent Energy1,2141,2651,7051,68322$100.32$2.77
Mar 2026Crescent Energy1,3041,4341,4121,311101$91.38$3.04
Feb 2026Crescent Energy1,3071,1051,1891,1881$64.51$3.62
Jan 2026Crescent Energy1,0941,2651,1011,1001$60.04$7.72
Dec 2025Vital Energy,1,7291,6451,9051,9032$57.97$4.26
Nov 2025Vital Energy,1,7111,6691,9321,9311$60.06$3.79
Oct 2025Vital Energy,1,0368921,1961,15739$60.89$3.19
Sep 2025Vital Energy,8491,000950839111$63.96$2.97
Aug 2025Vital Energy,1,4921,7531,8461,514332$64.86$2.91
Jul 2025Vital Energy,1,5771,4141,9901,9864$68.39$3.20
Jun 2025Vital Energy,1,7751,7332,2982,176122$68.17$3.02
May 2025Vital Energy,6447189109091$62.17$3.12
Apr 2025Vital Energy,1,6301,8452,0562,0533$63.54$3.42
Mar 2025Vital Energy,1,8061,6302,1741,728446$68.24$4.12
Feb 2025Vital Energy,1,6291,8131,811895916$71.53$4.19
Jan 2025Vital Energy,2,3302,1952,3411,921420$75.74$4.13
Dec 2024Vital Energy,2,0192,2072,1531,687466$70.12$3.01
Nov 2024Vital Energy,1,9231,5841,8818691,012$69.95$2.12
Oct 2024Vital Energy,1,8691,9622,1342,1340$71.99$2.20
Sep 2024Vital Energy,2,2422,0302,3642,3640$70.24$2.28
Aug 2024Point Energy2,2132,4002,5212,5210$76.68$1.99
Jul 2024Point Energy2,0912,0052,5212,5210$81.80$2.07
Jun 2024Point Energy1,9721,9782,5792,5790$79.77$2.54
May 2024Point Energy2,3212,3162,8072,8070$80.02$2.12
Apr 2024Point Energy2,3012,1422,7282,7280$85.35$1.60
Mar 2024Point Energy2,0601,9902,6342,6340$81.28$1.49
Feb 2024Point Energy2,1812,6082,6002,6000$77.25$1.72
Jan 2024Point Energy2,4372,3122,6032,6030$74.15$3.18
Dec 2023Point Energy2,5292,4682,7152,7150$71.90$2.52
Nov 2023Point Energy2,4992,6862,7152,7150$77.69$2.71
Oct 2023Point Energy2,0291,6122,0332,0330$85.64$2.98
Sep 2023Point Energy9618589039030$89.43$2.64
Aug 2023Point Energy1,7391,7421,1081,1080$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, LLCFieldTwo Georges (Bone Spring)CountyWard County

Crescent Energy Operating, LLC in Ward County

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Two Georges (Bone Spring) field

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