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Texas oil lease

Producing

UNIVERSITY 2536

University 2536 is an oil lease in Reagan County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

1 well

9,202bbl oil, last 12 months−14% vs prior year
Operator
Apache Corporation
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-18914

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
8,165 mcf
Oil in Jul 2026
841 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 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 2536, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 9,202 bbl in the 12 months through Jul 2026, against 10,727 bbl in the 12 months before.Last 12 months: 9,202 bblbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 2536, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 9,202 bbl in the 12 months through Jul 2026, against 10,727 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

  • Transmission line (2)
  • Flared (4)
Over 99% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 2536 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 2536 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 9,126 mcf

  • Flared (4)

    0.2% · 18 mcf

0.2% of the gas flared in the last 12 months. 4 months above 3%.

1 well on this lease

Wells on UNIVERSITY 2536
API numberWell no.Status
42-383-388128HMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Dec 1, 2024–
Canes Midstream G&p LLCCasinghead gasBuys100Dec 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers100Dec 1, 2024–
Lucid Energy Westex, LLCCasinghead gasGathers100Dec 6, 2014Dec 1, 2024
Lucid Energy Westex, LLCCasinghead gasBuys100Dec 6, 2014Dec 1, 2024
Plains Marketing, L.p.OilGathers50Dec 1, 2015Dec 1, 2024
Trafigura Trading LLCOilGathers50Dec 1, 2015Dec 1, 2024

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

Who buys my oilOil price check

1,450.47 acres on the newest permit

Check your decimal on this lease
Permits for University 2536
API numberWell no.Acreson the permit
42-383-388128HM1,450.47

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

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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 2536
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268419095275270$80.46$2.89
Jun 20268427245515510$84.81$3.15
May 20269879113433430$102.13$2.94
Apr 20261,7261,8226246240$100.32$2.77
Mar 2026196076760$91.38$3.04
Feb 202600000$64.51$3.62
Jan 20265936567687680$60.04$7.72
Dec 20258499241,0621,0620$57.97$4.26
Nov 20258521,0951,0831,0830$60.06$3.79
Oct 20257969139789780$60.89$3.19
Sep 20258335621,0771,05918$63.96$2.97
Aug 20256876731,0761,0760$64.86$2.91
Jul 20258467309799790$68.39$3.20
Jun 20258449309719710$68.17$3.02
May 20259089301,0741,0722$62.17$3.12
Apr 20259017339899890$63.54$3.42
Mar 202585491491590411$68.24$4.12
Feb 20258421,0668278270$71.53$4.19
Jan 20259347409919892$75.74$4.13
Dec 20249529299979970$70.12$3.01
Nov 202488273496194615$69.95$2.12
Oct 20249351,0921,0571,04017$71.99$2.20
Sep 20248819339539530$70.24$2.28
Aug 20249481,1131,0321,0266$76.68$1.99
Jul 20249287331,0041,0040$81.80$2.07
Jun 20249199201,0221,0202$79.77$2.54
May 20249321,1001,0031,0012$80.02$2.12
Apr 20249469149469460$85.35$1.60
Mar 20249839339439430$81.28$1.49
Feb 202494392683882018$77.25$1.72
Jan 20241,08892278173645$74.15$3.18
Dec 20239161,119875592283$71.90$2.52
Nov 20239767439839830$77.69$2.71
Oct 20231,3131,2941,2431,2430$85.64$2.98
Sep 202368988361254558$89.43$2.64
Aug 20239359087560756$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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