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UNIVERSITY -25-

University -25- is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the McElroy (Devonian, Lower) field.

5 wells

0bbl oil, last 12 months
Operator
R3 Operating Corporation
County
Crane County
Field
McElroy (Devonian, Lower)
RRC lease
08-27983

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: R3 Operating Corporation took over from T2 Operating Corporation in Aug 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 30, 2026 (last P-5 filed May 27, 2025).

  • Sales

    No sales reported for the last 12 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

No oil produced in the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production and gas for UNIVERSITY -25-, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The state shows zero output for every month we hold.Last 12 months: 0 bblbbl per monthmcf per month001200240036004800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
No oil produced in the last 12 monthsMonthly oil production and gas for UNIVERSITY -25-, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The state shows zero output for every month we hold.Last 12 monthsbbl per monthmcf per month001200240036004800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the 10 months reported

All of the gas went to a transmission line in the 10 months reportedShare of UNIVERSITY -25- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 10 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the 10 months reportedShare of UNIVERSITY -25- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 10 months reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 4 times, most recently in Aug 2025

Operators of this lease over timeRamtex Energy LLC, Jan 2020 to Apr 2021; Nitro Oil & Gas, LLC, May 2021 to Jan 2023; Boaz Energy II Operating, LLC, Feb 2023 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed May 2021Changed Feb 2023Changed Apr 2025Changed Aug 2025Ramtex Energy LLCJan 2020 to Apr 2021Nitro Oil & Gas, LLCMay 2021 to Jan 2023Boaz Energy II Operating, LLCFeb 2023 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now
Operators of this lease over timeRamtex Energy LLC, Jan 2020 to Apr 2021; Nitro Oil & Gas, LLC, May 2021 to Jan 2023; Boaz Energy II Operating, LLC, Feb 2023 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed May 2021Changed Feb 2023Changed Apr 2025Changed Aug 2025Ramtex Energy LLCJan 2020 to Apr 2021Nitro Oil & Gas, LLCMay 2021 to Jan 2023Boaz Energy II Operating, LLCFeb 2023 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on UNIVERSITY -25-
API numberWell no.Status
42-103-330661Shut-in
42-103-331452Shut-in
42-103-333203Shut-in
42-103-334624Active
42-103-334965Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Feb 15, 2023–
Dcp Operating Company, LPCasinghead gasBuys100Feb 14, 2016–
Dcp Operating Company, LPCasinghead gasGathers100Feb 14, 2016–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2021Feb 15, 2023
Enterprise Crude Oil LLCOilGathers100Jan 1, 2018May 1, 2021

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

Who buys my oilOil price check

320 acres on the newest permit

  • Good to know

    7 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for University -25-
API numberWell no.Acreson the permit
42-103-330661320
42-103-333203320
42-103-333203 L320
42-103-334624320
42-103-331452320
42-103-331452 U320
42-103-334965320

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

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY -25-
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating000$80.46$2.89
Jun 2026R3 Operating000$84.81$3.15
May 2026R3 Operating000$102.13$2.94
Apr 2026R3 Operating000$100.32$2.77
Mar 2026R3 Operating000$91.38$3.04
Feb 2026R3 Operating000$64.51$3.62
Jan 2026R3 Operating000$60.04$7.72
Dec 2025R3 Operating000$57.97$4.26
Nov 2025R3 Operating000$60.06$3.79
Oct 2025R3 Operating000$60.89$3.19
Sep 2025R3 Operating000$63.96$2.97
Aug 2025R3 Operating000$64.86$2.91
Jul 2025T2 Operating000$68.39$3.20
Jun 2025T2 Operating000$68.17$3.02
May 2025T2 Operating000$62.17$3.12
Apr 2025T2 Operating000$63.54$3.42
Mar 2025Boaz Energy000$68.24$4.12
Feb 2025Boaz Energy000$71.53$4.19
Jan 2025Boaz Energy000$75.74$4.13
Dec 2024Boaz Energy000$70.12$3.01
Nov 2024Boaz Energy000$69.95$2.12
Oct 2024Boaz Energy000$71.99$2.20
Sep 2024Boaz Energy000$70.24$2.28
Aug 2024Boaz Energy000$76.68$1.99
Jul 2024Boaz Energy000$81.80$2.07
Jun 2024Boaz Energy5775770$79.77$2.54
May 2024Boaz Energy6446440$80.02$2.12
Apr 2024Boaz Energy6376370$85.35$1.60
Mar 2024Boaz Energy6956950$81.28$1.49
Feb 2024Boaz Energy2112110$77.25$1.72
Jan 2024Boaz Energy1591590$74.15$3.18
Dec 2023Boaz Energy4044040$71.90$2.52
Nov 2023Boaz Energy3973970$77.69$2.71
Oct 2023Boaz Energy4394390$85.64$2.98
Sep 2023Boaz Energy2852850$89.43$2.64
Aug 2023Boaz Energy000$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

OperatorR3 Operating CorporationFieldMcElroy (Devonian, Lower)CountyCrane County

R3 Operating Corporation in Crane County

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McElroy (Devonian, Lower) field

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