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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 McElroy Ranch (Wolfcamp) field.

Oil lease dossier

3,427bbl oil, last 12 months−78% vs prior year
Operator
R3 Operating Corporation
County
Crane County
Field
McElroy Ranch (Wolfcamp)
RRC lease
08-61796

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
4,623 mcf
Oil in Jul 2026
206 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.

See why checks stop on this lease

Production by month

Oil output fell 78% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 78% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -25-, Jul 2024 to Jul 2026. Oil output fell 78% over the last 12 months. 3,427 bbl in the 12 months through Jul 2026, against 15,458 bbl in the 12 months before.Last 12 months: 3,427 bblbbl per monthmcf per month001,0005002,0001,0003,0001,5004,0002,000Jul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 78% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -25-, Jul 2024 to Jul 2026. Oil output fell 78% over the last 12 months. 3,427 bbl in the 12 months through Jul 2026, against 15,458 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005002,0001,0003,0001,5004,0002,000Jul 24Jan 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, Jul 2024 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%Jul 24OctJan 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, Jul 2024 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%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in Aug 2025

Operators of this lease over timeBoaz Energy II Operating, LLC, Jul 2024 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 202620252026Changed Apr 2025Changed Aug 2025Boaz Energy II Operating, LLCJul 2024 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now
Operators of this lease over timeBoaz Energy II Operating, LLC, Jul 2024 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 202620252026Changed Apr 2025Changed Aug 2025Boaz Energy II Operating, LLCJul 2024 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%From
Energy Trans Crude Marketing LLCOilGathers100Jul 27, 2024
Dcp Operating Company, LPCasinghead gasBuys100Jul 27, 2024
Dcp Operating Company, LPCasinghead gasGathers100Jul 27, 2024

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
42-103-330661320

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

Unit decimal checker

Estimate your royalty

25 months, newest first

Ledger for UNIVERSITY -25-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating2062733233230$80.46$2.89
Jun 2026R3 Operating1882023113110$84.81$3.15
May 2026R3 Operating2182004624620$102.13$2.94
Apr 2026R3 Operating2502314564560$100.32$2.77
Mar 2026R3 Operating2823191071070$91.38$3.04
Feb 2026R3 Operating2542331911910$64.51$3.62
Jan 2026R3 Operating2342313133130$60.04$7.72
Dec 2025R3 Operating3133314534530$57.97$4.26
Nov 2025R3 Operating3323584454450$60.06$3.79
Oct 2025R3 Operating3532904024020$60.89$3.19
Sep 2025R3 Operating3853924274270$63.96$2.97
Aug 2025R3 Operating4125207337330$64.86$2.91
Jul 2025T2 Operating46842911110$68.39$3.20
Jun 2025T2 Operating6006115925920$68.17$3.02
May 2025T2 Operating546536000$62.17$3.12
Apr 2025T2 Operating5225193383380$63.54$3.42
Mar 2025Boaz Energy1,2221,3065015010$68.24$4.12
Feb 2025Boaz Energy5805741721720$71.53$4.19
Jan 2025Boaz Energy1,0771,0063323320$75.74$4.13
Dec 2024Boaz Energy1,7151,712000$70.12$3.01
Nov 2024Boaz Energy1,8681,904000$69.95$2.12
Oct 2024Boaz Energy1,9382,02422220$71.99$2.20
Sep 2024Boaz Energy1,9441,9019439430$70.24$2.28
Aug 2024Boaz Energy2,9782,9301,7821,7820$76.68$1.99
Jul 2024Boaz Energy3481904114110$81.80$2.07

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 Ranch (Wolfcamp)CountyCrane County

R3 Operating Corporation in Crane County

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McElroy Ranch (Wolfcamp) field

No other producing leases in this field are in our data yet.

New drilling permits in Crane County

Newest in the county: this lease has no coordinates.