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Texas oil lease

Producing

UNIVERSITY 25

University 25 is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the J. Cleo Thompson (Strawn) field.

Oil lease dossier

3,973bbl oil, last 12 months+18% vs prior year
Operator
R3 Operating Corporation
County
Crane County
Field
J. Cleo Thompson (Strawn)
RRC lease
08-42692

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
12,576 mcf
Oil in Jul 2026
318 bbl

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).

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

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Production by month

Oil output rose 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 18% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 25, Aug 2023 to Jul 2026. Oil output rose 18% over the last 12 months. 3,973 bbl in the 12 months through Jul 2026, against 3,366 bbl in the 12 months before.Last 12 months: 3,973 bblbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 18% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 25, Aug 2023 to Jul 2026. Oil output rose 18% over the last 12 months. 3,973 bbl in the 12 months through Jul 2026, against 3,366 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Jan 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 last 12 months

All of the gas went to a transmission line in the last 12 monthsShare 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 last 12 months.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 last 12 monthsShare 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 last 12 months.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.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

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 gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2021Feb 15, 2023
Enterprise Crude Oil LLCOilGathers100Jan 31, 2012May 1, 2021

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

Who buys my oilOil price check

320 acres on the newest permit

Check your decimal on this lease
Permits for University 25
API numberWell no.Acreson the permit
42-103-333203320

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 25
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating3184251,0281,0280$80.46$2.89
Jun 2026R3 Operating3043278938930$84.81$3.15
May 2026R3 Operating3723211,3691,3690$102.13$2.94
Apr 2026R3 Operating3303021,5041,5040$100.32$2.77
Mar 2026R3 Operating3524033263260$91.38$3.04
Feb 2026R3 Operating3303025965960$64.51$3.62
Jan 2026R3 Operating3143011,0391,0390$60.04$7.72
Dec 2025R3 Operating3833881,2221,2220$57.97$4.26
Nov 2025R3 Operating3363501,1641,1640$60.06$3.79
Oct 2025R3 Operating3092529569560$60.89$3.19
Sep 2025R3 Operating3303289319310$63.96$2.97
Aug 2025R3 Operating2953651,5481,5480$64.86$2.91
Jul 2025T2 Operating33928523230$68.39$3.20
Jun 2025T2 Operating3182691,2061,2060$68.17$3.02
May 2025T2 Operating1336000$62.17$3.12
Apr 2025T2 Operating1211207337330$63.54$3.42
Mar 2025Boaz Energy2813011,0861,0860$68.24$4.12
Feb 2025Boaz Energy1341323723720$71.53$4.19
Jan 2025Boaz Energy2482327187180$75.74$4.13
Dec 2024Boaz Energy391388000$70.12$3.01
Nov 2024Boaz Energy400408000$69.95$2.12
Oct 2024Boaz Energy41643441410$71.99$2.20
Sep 2024Boaz Energy4173831,7521,7520$70.24$2.28
Aug 2024Boaz Energy2883921,6051,6050$76.68$1.99
Jul 2024Boaz Energy4714961,2501,2500$81.80$2.07
Jun 2024Boaz Energy3663521,7321,7320$79.77$2.54
May 2024Boaz Energy4715421,9311,9310$80.02$2.12
Apr 2024Boaz Energy5097311,9121,9120$85.35$1.60
Mar 2024Boaz Energy5944412,0842,0840$81.28$1.49
Feb 2024Boaz Energy15406326320$77.25$1.72
Jan 2024Boaz Energy1381774774770$74.15$3.18
Dec 2023Boaz Energy4083691,2111,2110$71.90$2.52
Nov 2023Boaz Energy3713711,1911,1910$77.69$2.71
Oct 2023Boaz Energy3953491,3161,3160$85.64$2.98
Sep 2023Boaz Energy3175438568560$89.43$2.64
Aug 2023Boaz Energy339182000$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 CorporationFieldJ. Cleo Thompson (Strawn)CountyCrane County

R3 Operating Corporation in Crane County

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J. Cleo Thompson (Strawn) field

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