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Texas oil lease

Producing

UNIVERSITY 26

University 26 is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Shafter Lake (San Andres) field.

11 wells

7,158bbl oil, last 12 months−17% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Shafter Lake (San Andres)
RRC lease
08-38957

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
2,645 mcf
Oil in Jul 2026
608 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 26, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 7,158 bbl in the 12 months through Jul 2026, against 8,663 bbl in the 12 months before.Last 12 months: 7,158 bblbbl per monthmcf per month005002001,0004001,5006002,000800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 26, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 7,158 bbl in the 12 months through Jul 2026, against 8,663 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002001,0004001,5006002,000800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

66% of the gas went to a processing plant in the last 12 months

Flaring peaked at 91.9% of the gas in May 2024.

  • Processing plant (3)
  • Flared (4)
66% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 26 gas by disposition code each month, Aug 2023 to Jul 2026. 66% of the gas went to a processing plant in the last 12 months. Flaring peaked at 91.9% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 91.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
66% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 26 gas by disposition code each month, Aug 2023 to Jul 2026. 66% of the gas went to a processing plant in the last 12 months. Flaring peaked at 91.9% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 91.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    66% · 1,737 mcf

  • Flared (4)

    34% · 908 mcf

34.3% of the gas flared in the last 12 months. 30 months above 3%.

11 wells on this lease

Wells on UNIVERSITY 26
API numberWell no.Status
42-003-403501403Active
42-003-403514Active
42-003-403523Active
42-003-403531402Shut-in
42-003-404901404Shut-in
42-003-404941405Active
42-003-404955Active
42-003-405732601Active
42-003-406251406Active
42-003-406586Active
42-003-480462601HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ngl Crude Assets and Mktg, LLCOilGathers100Jul 21, 2025–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Ngl Crude Logistics, LLCOilGathers100Sep 1, 2014Jul 21, 2025

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

Who buys my oilOil price check

522.72 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 320 and 522.72 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    16 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 26
API numberWell no.Acreson the permit
42-003-480462601H522.72
42-003-406582606320
42-003-406586320
42-003-406251406440
42-003-405731R320
42-003-405732601320
42-003-404941405440
42-003-404952605320
42-003-404955320
42-003-404901404440
42-003-403522603440
42-003-403523440

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

Unit decimal checker

What Ring Energy, Inc. told investors it received

Ring Energy, Inc. is linked to Ring Energy, Inc. (REI).
Realized prices reported by Ring Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$95.45SEC filing
Q1 2026$68.97SEC filing
Q4 2025$57.47SEC filing
Q3 2025$64.32SEC filing
Q2 2025$62.69SEC filing
Q1 2025$70.40SEC filing

SourceRing Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266086101399544$80.46$2.89
Jun 202664363115512233$84.81$3.15
May 202661762922819038$102.13$2.94
Apr 202662762719314845$100.32$2.77
Mar 202663462617713542$91.38$3.04
Feb 202657162615914811$64.51$3.62
Jan 2026751700293119174$60.04$7.72
Dec 20255895891788791$57.97$4.26
Nov 2025561561341214127$60.06$3.79
Oct 2025577570348208140$60.89$3.19
Sep 2025449449291172119$63.96$2.97
Aug 20255315281439944$64.86$2.91
Jul 202555755713310429$68.39$3.20
Jun 202554555518416915$68.17$3.02
May 20256246231517972$62.17$3.12
Apr 202565665916211250$63.54$3.42
Mar 20257497061691654$68.24$4.12
Feb 202554255756551$71.53$4.19
Jan 202513664243394$75.74$4.13
Dec 202484678826188$70.12$3.01
Nov 2024831810775720$69.95$2.12
Oct 202482484423018743$71.99$2.20
Sep 20241,1011,13629524946$70.24$2.28
Aug 20241,2521,26329727027$76.68$1.99
Jul 20241,2851,24628772215$81.80$2.07
Jun 20241,0661,07018143138$79.77$2.54
May 202496895222218204$80.02$2.12
Apr 202463964431231281$85.35$1.60
Mar 202487083628347236$81.28$1.49
Feb 202489888518180$77.25$1.72
Jan 20249941,0311231230$74.15$3.18
Dec 20237977693893827$71.90$2.52
Nov 202328034816312340$77.69$2.71
Oct 20231,2451,2504354305$85.64$2.98
Sep 20231,1151,126378274104$89.43$2.64
Aug 20231,3681,372509316193$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

OperatorRing Energy, Inc.FieldShafter Lake (San Andres)CountyAndrews County

Ring Energy, Inc. in Andrews County

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Shafter Lake (San Andres) field

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