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Texas oil lease

Producing

UNIVERSITY 25W

University 25W is an oil lease in Reagan County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

6 wells

24,415bbl oil, last 12 months−24% vs prior year
Operator
Apache Corporation
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-20205

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
354,874 mcf
Oil in Jul 2026
1,677 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CANES MIDSTREAM LOGISTICS LLC replaced COGENT MIDSTREAM LOGISTICS, 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 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 25W, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 24,415 bbl in the 12 months through Jul 2026, against 31,922 bbl in the 12 months before.Last 12 months: 24,415 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 25W, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 24,415 bbl in the 12 months through Jul 2026, against 31,922 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a transmission line in the last 12 months

Flaring peaked at 8.3% of the gas in Jul 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 25W gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Flaring peaked at 8.3% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 8.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 25W gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Flaring peaked at 8.3% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Flared 8.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 341,839 mcf

  • Lease fuel (1)

    3.5% · 12,378 mcf

  • Flared (4)

    0.2% · 657 mcf

0.2% of the gas flared in the last 12 months. 5 months above 3%.

6 wells on this lease

Wells on UNIVERSITY 25W
API numberWell no.Status
42-383-40323R 1HAActive
42-383-40324R 2HUActive
42-383-40325R 3HAActive
42-383-40326R 4HUActive
42-383-403275HAActive
42-383-403286HUActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Dec 15, 2018–
Canes Midstream Logistics LLCCasinghead gasBuys100Dec 1, 2024–
Canes Midstream Logistics LLCCasinghead gasGathers100Dec 1, 2024–
Cogent Midstream Logistics, LLCCasinghead gasGathers100Dec 15, 2018Dec 1, 2024
Cogent Midstream Logistics, LLCCasinghead gasBuys100Dec 15, 2018Dec 1, 2024

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

    The wells on this lease state different acreage

    The permits state between 320 and 330 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 25W
API numberWell no.Acreson the permit
42-383-40324R 2HU320
42-383-40323R 1HA320
42-383-40325R 3HA320
42-383-40326R 4HU320
42-383-403275HA320
42-383-403286HU330

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 25W
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6771,62833,44530,80112$80.46$2.89
Jun 20261,5391,55030,52727,99816$84.81$3.15
May 20261,8761,86935,71732,60014$102.13$2.94
Apr 20261,6771,67734,14131,3898$100.32$2.77
Mar 20262,0062,05634,61933,22112$91.38$3.04
Feb 20261,7381,69725,22025,2164$64.51$3.62
Jan 20261,8721,87126,95126,510441$60.04$7.72
Dec 20252,4442,48332,78832,75632$57.97$4.26
Nov 20252,3452,34929,27229,19973$60.06$3.79
Oct 20252,8502,81426,98926,9890$60.89$3.19
Sep 20252,1452,14619,54919,5490$63.96$2.97
Aug 20252,2462,26925,65625,61145$64.86$2.91
Jul 20252,1102,09225,19125,16922$68.39$3.20
Jun 20252,5082,50728,65428,071583$68.17$3.02
May 20252,7062,69325,85525,266589$62.17$3.12
Apr 20252,3642,34024,47323,4461,027$63.54$3.42
Mar 20253,1363,26525,14824,222926$68.24$4.12
Feb 20252992482,2652,2650$71.53$4.19
Jan 20253,3813,52222,60322,50499$75.74$4.13
Dec 20245,1855,08924,57424,289285$70.12$3.01
Nov 20243,3713,30619,52819,017511$69.95$2.12
Oct 20242,0022,16315,99115,9910$71.99$2.20
Sep 20241,9321,79521,52720,3171,210$70.24$2.28
Aug 20242,9282,92131,18929,2221,967$76.68$1.99
Jul 20242,6362,60332,02229,3772,645$81.80$2.07
Jun 20242,8292,85530,81430,347467$79.77$2.54
May 20243,2323,24632,15728,726153$80.02$2.12
Apr 20244,2754,37029,26726,2420$85.35$1.60
Mar 20244,0554,05422,97521,2170$81.28$1.49
Feb 20241,1511,10610,1039,4012$77.25$1.72
Jan 20242,3922,35127,28925,7540$74.15$3.18
Dec 20233,3603,26234,10831,2820$71.90$2.52
Nov 20233,4483,49237,07033,387811$77.69$2.71
Oct 20234,5854,58745,59642,7180$85.64$2.98
Sep 20233,8423,84441,25638,3100$89.43$2.64
Aug 20234,1134,11830,34127,879167$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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