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Texas oil lease

Producing

UNIVERSITY 2404 HZ UNIT

University 2404 HZ Unit is an oil lease in Reagan County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

4 wells

22,824bbl oil, last 12 months−12% vs prior year
Operator
Apache Corporation
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-18899

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
87,883 mcf
Oil in Jul 2026
1,643 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.

See why checks stop on this lease

Production by month

Oil output fell 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 2404 HZ UNIT, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 22,824 bbl in the 12 months through Jul 2026, against 26,028 bbl in the 12 months before.Last 12 months: 22,824 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 2404 HZ UNIT, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 22,824 bbl in the 12 months through Jul 2026, against 26,028 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 2404 HZ UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 2404 HZ UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Jul 26: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    42% · 36,895 mcf

  • Transmission line (2)

    38% · 33,577 mcf

  • Lease fuel (1)

    20% · 17,407 mcf

  • Flared (4)

    0.0% · 4 mcf

4 wells on this lease

Wells on UNIVERSITY 2404 HZ UNIT
API numberWell no.Status
42-383-388681HMActive
42-383-388702HActive
42-383-388733HMActive
42-383-388924HUActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Dec 1, 2024–
Canes Midstream G&p LLCCasinghead gasBuys100Dec 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers100Dec 1, 2024–
Lucid Energy Westex, LLCCasinghead gasGathers100Feb 23, 2015Dec 1, 2024
Lucid Energy Westex, LLCCasinghead gasBuys100Feb 23, 2015Dec 1, 2024
Medallion Operating Company, LLCOilGathers100Apr 29, 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

  • Good to know

    The wells on this lease state different acreage

    The permits state between 480 and 480.15 acres. Use the acres from your own division order for the well you are paid on.

  • 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 2404 HZ Unit
API numberWell no.Acreson the permit
42-383-388924HU480
42-383-388681HM480.15
42-383-388733HM480
42-383-388702H480
42-383-388702HU480

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 2404 HZ UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6431,64911,53910,3320$80.46$2.89
Jun 20261,4421,4251,490241$84.81$3.15
May 20261,6901,71310,7799,2810$102.13$2.94
Apr 20261,8691,9199,7218,1950$100.32$2.77
Mar 20262,2822,3198,1886,5650$91.38$3.04
Feb 20262,8342,8379,2077,7393$64.51$3.62
Jan 20261,4671,3474,8843,6070$60.04$7.72
Dec 20251,6941,7127,9786,4330$57.97$4.26
Nov 20251,8161,8218,7847,5580$60.06$3.79
Oct 20252,2842,2745,5393,8380$60.89$3.19
Sep 20251,7341,7264,6483,3370$63.96$2.97
Aug 20252,0692,0595,1263,5630$64.86$2.91
Jul 20251,6811,7103,7292,4310$68.39$3.20
Jun 20252,1962,2027,0065,3651$68.17$3.02
May 20252,5752,5608,5086,9450$62.17$3.12
Apr 20252,1462,1507,2915,9730$63.54$3.42
Mar 20252,1242,1665,9404,5610$68.24$4.12
Feb 20251,9521,8866,9215,5000$71.53$4.19
Jan 20252,1392,1549,1527,8980$75.74$4.13
Dec 20242,2732,2607,4585,9910$70.12$3.01
Nov 20242,1762,1778,3776,9330$69.95$2.12
Oct 20242,0612,06610,7539,3818$71.99$2.20
Sep 20242,2602,27110,0658,69616$70.24$2.28
Aug 20242,4452,43313,38011,804115$76.68$1.99
Jul 20242,2432,23610,7009,01447$81.80$2.07
Jun 20242,3842,37711,0599,4090$79.77$2.54
May 20242,2032,22811,74710,2210$80.02$2.12
Apr 20242,3642,3558,7267,1840$85.35$1.60
Mar 20242,6672,6759,1587,4650$81.28$1.49
Feb 20242,3902,37912,30610,5540$77.25$1.72
Jan 20242,1942,19619,00217,2195$74.15$3.18
Dec 20232,4792,5767,5906,2440$71.90$2.52
Nov 20232,9062,9323,5202,04317$77.69$2.71
Oct 20233,1573,1694,6703,3680$85.64$2.98
Sep 20233,4853,43010,0268,73023$89.43$2.64
Aug 20232,7362,7208,5667,24167$81.39$2.58

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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