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Texas oil lease

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UNIVERSITY 2303 E HZ UNIT

University 2303 E HZ Unit is an oil lease in Reagan County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

4 wells

23,253bbl oil, last 12 months−7% vs prior year
Operator
Apache Corporation
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-18900

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
259,966 mcf
Oil in Jul 2026
1,678 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CANES MIDSTREAM G&P LLC replaced LUCID ENERGY WESTEX, LLC as the buyer of this lease's gas from oil wells on Dec 1, 2024.

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

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Production by month

Oil output fell 7% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 2303 E HZ UNIT, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 23,253 bbl in the 12 months through Jul 2026, against 25,048 bbl in the 12 months before.Last 12 months: 23,253 bblbbl per monthmcf per month001,00020k2,00040k3,00060k4,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 2303 E HZ UNIT, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 23,253 bbl in the 12 months through Jul 2026, against 25,048 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00020k2,00040k3,00060k4,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jun 2026 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 3.5% of the gas in Apr 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jun 2026 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 2303 E HZ UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 3.5% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2026: plant to lineFlared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 2303 E HZ UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 3.5% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Jun 26: plant to lineFlared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    49% · 126,368 mcf

  • Transmission line (2)

    44% · 115,187 mcf

  • Lease fuel (1)

    6.9% · 17,866 mcf

  • Flared (4)

    0.2% · 545 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

4 wells on this lease

Wells on UNIVERSITY 2303 E HZ UNIT
API numberWell no.Status
42-383-387575HMActive
42-383-387586HUActive
42-383-387647HMActive
42-383-387758HUActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Trafigura Trading LLCOilGathers100Mar 5, 2015–
Canes Midstream G&p LLCCasinghead gasBuys100Dec 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers100Dec 1, 2024–
Lucid Energy Westex, LLCCasinghead gasGathers100Mar 5, 2015Dec 1, 2024
Lucid Energy Westex, LLCCasinghead gasBuys100Mar 5, 2015Dec 1, 2024

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

Who buys my oilOil price check

480 acres on the newest permit

Check your decimal on this lease
Permits for University 2303 E HZ Unit
API numberWell no.Acreson the permit
42-383-387758HU480
42-383-387575HM480
42-383-387586HU480
42-383-387647HM480

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

Unit decimal checker

What APA Corporation told investors it received

Apache Corporation is linked to APA Corporation (APA).
Realized prices reported by APA Corporation
QuarterOil$ per bblFiling
Q2 2026$98.24SEC filing
Q1 2026$78.69SEC filing
Q4 2025$61.03SEC filing
Q3 2025$67.43SEC filing
Q2 2025$65.58SEC filing
Q1 2025$73.73SEC filing

SourceAPA Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 2303 E HZ UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6781,68423,01621,73922$80.46$2.89
Jun 20261,4621,44151,20249,6106$84.81$3.15
May 20261,6641,68421,08119,4963$102.13$2.94
Apr 20261,7741,80521,91020,3011$100.32$2.77
Mar 20261,9311,91323,23421,44211$91.38$3.04
Feb 20261,6631,75014,52912,874176$64.51$3.62
Jan 20261,5021,39212,65911,2551$60.04$7.72
Dec 20252,0202,04921,34419,74825$57.97$4.26
Nov 20252,3442,32319,50318,15646$60.06$3.79
Oct 20252,2772,27019,72218,10123$60.89$3.19
Sep 20251,7961,82612,13110,94229$63.96$2.97
Aug 20253,1423,14719,63517,891202$64.86$2.91
Jul 20253,0382,97617,78116,33760$68.39$3.20
Jun 20251,4011,40310,0458,91643$68.17$3.02
May 20251,6251,63011,72410,173155$62.17$3.12
Apr 20251,6821,69810,9239,195379$63.54$3.42
Mar 20251,9582,0139,7398,060151$68.24$4.12
Feb 20252,0451,9819,2977,78541$71.53$4.19
Jan 20252,3932,4059,7518,31231$75.74$4.13
Dec 20242,4082,39114,04912,31963$70.12$3.01
Nov 20242,1962,19411,72810,13031$69.95$2.12
Oct 20242,0282,02814,09012,46322$71.99$2.20
Sep 20242,0542,06416,75815,08365$70.24$2.28
Aug 20242,2202,21017,65015,783177$76.68$1.99
Jul 20242,0642,05212,95311,215104$81.80$2.07
Jun 20241,9921,99214,59512,9710$79.77$2.54
May 20242,0582,0679,1457,6840$80.02$2.12
Apr 20241,8101,80212,61911,1610$85.35$1.60
Mar 20242,0282,04616,45714,7540$81.28$1.49
Feb 20242,1202,10513,01011,3790$77.25$1.72
Jan 20241,8191,8196,8695,36225$74.15$3.18
Dec 20232,0092,03614,96213,3780$71.90$2.52
Nov 20231,4881,50214,35812,58820$77.69$2.71
Oct 20231,6201,63215,81214,0240$85.64$2.98
Sep 20231,8931,89913,32111,8853$89.43$2.64
Aug 20232,1092,12215,69514,2043$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

OperatorApache CorporationFieldSpraberry (Trend Area)CountyReagan County

Apache Corporation in Reagan County

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Spraberry (Trend Area) field

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