Texas oil lease

Shut in

UNIVERSITY "27-11"

Name: UNIVERSITY "27-11" monthly oil and gas production, Andrews County, Texas
Creator: Texas Railroad Commission

University "27-11" is an oil lease in Andrews County, Texas, operated by Crescent Energy Operating, LLC in the Three Bar (San Andres) field.

7 wells

0bbl oil, last 12 months

Operator: Crescent Energy Operating, LLC
County: Andrews County
Field: Three Bar (San Andres)
RRC lease: 08-35525

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Where it sits

This county

Andrews County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

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Operator
Operator changed: Crescent Energy Operating, LLC took over from Contango Resources, LLC in Nov 2025.
P-5
The previous operator's P-5 registration is listed as inactive since May 1, 2026 (last P-5 filed Feb 20, 2025).
Sales
No sales reported for the last 12 months of state data (through Jul 2026).

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

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Production by month

No production to chart

The state shows zero oil and zero gas for all 36 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 4 times, most recently in Nov 2025

Crescent Energy Operating, LLC Nov 2025 to now
Contango Resources, LLC Jan 2022 to Oct 2025
Contango Resources, Inc. Dec 2021 to Dec 2021
FDL Operating, LLC Apr 2020 to Nov 2021
Sheridan Production Company, LLC Jan 2020 to Mar 2020

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

7 wells on this lease

Wells on UNIVERSITY "27-11"
API number	Well no.	Status
42-003-38274	1	Shut-in
42-003-38368	4	Active
42-003-38370	3	Shut-in
42-003-38389	5	Shut-in
42-003-38406	7	Shut-in
42-003-38407	12	Shut-in
42-003-38408	8	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Phillips 66 Pipeline LLC	Oil	Gathers	100	Jul 1, 2012
Dcp Operating Company, LP	Casinghead gas	Buys	100	Apr 1, 2017
Dcp Operating Company, LP	Casinghead gas	Gathers	100	Apr 1, 2017

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

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330 acres on the newest permit

Good to know
The wells on this lease state different acreage
The permits state between 330 and 330.3 acres. Use the acres from your own division order for the well you are paid on.
Good to know
7 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 "27-11"
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-003-38406	7	Apr 2, 1998	May 7, 1998	330	Vertical
42-003-38407	12	Apr 2, 1998	May 29, 1998	330	Vertical
42-003-38408	8	Apr 2, 1998	May 12, 1998	330	Vertical
42-003-38389	5	Mar 12, 1998	Apr 2, 1998	330	Vertical
42-003-38368	4	Feb 12, 1998	Mar 22, 1998	330	Vertical
42-003-38370	3	Feb 12, 1998	Mar 24, 1998	330	Vertical
42-003-38274	1	Aug 29, 1997	Oct 15, 1997	330.30	Vertical

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).

Realized prices reported by Crescent Energy Company
Quarter	Oil$ per bbl	Gas$ per mcf	Gas liquids$ per bbl	Filing
Q1 2026	$71.00	$2.37	$18.05	SEC filing
Q4 2025	$62.21	$2.84	$22.47	SEC filing
Q3 2025	$63.07	$2.49	$22.53	SEC filing
Q2 2025	$61.47	$2.71	$22.59	SEC filing
Q1 2025	$67.64	$3.18	$25.43	SEC filing
Q4 2024	$67.51	$2.27	$23.08	SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "27-11"
Month	Operator	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Crescent Energy	Crescent Energy Operating, LLC	$80.46	$2.89
Jun 2026Crescent Energy	Crescent Energy Operating, LLC	$84.81	$3.15
May 2026Crescent Energy	Crescent Energy Operating, LLC	$102.13	$2.94
Apr 2026Crescent Energy	Crescent Energy Operating, LLC	$100.32	$2.77
Mar 2026Crescent Energy	Crescent Energy Operating, LLC	$91.38	$3.04
Feb 2026Crescent Energy	Crescent Energy Operating, LLC	$64.51	$3.62
Jan 2026Crescent Energy	Crescent Energy Operating, LLC	$60.04	$7.72
Dec 2025Crescent Energy	Crescent Energy Operating, LLC	$57.97	$4.26
Nov 2025Crescent Energy	Crescent Energy Operating, LLC	$60.06	$3.79
Oct 2025Contango Resources,	Contango Resources, LLC	$60.89	$3.19
Sep 2025Contango Resources,	Contango Resources, LLC	$63.96	$2.97
Aug 2025Contango Resources,	Contango Resources, LLC	$64.86	$2.91
Jul 2025Contango Resources,	Contango Resources, LLC	$68.39	$3.20
Jun 2025Contango Resources,	Contango Resources, LLC	$68.17	$3.02
May 2025Contango Resources,	Contango Resources, LLC	$62.17	$3.12
Apr 2025Contango Resources,	Contango Resources, LLC	$63.54	$3.42
Mar 2025Contango Resources,	Contango Resources, LLC	$68.24	$4.12
Feb 2025Contango Resources,	Contango Resources, LLC	$71.53	$4.19
Jan 2025Contango Resources,	Contango Resources, LLC	$75.74	$4.13
Dec 2024Contango Resources,	Contango Resources, LLC	$70.12	$3.01
Nov 2024Contango Resources,	Contango Resources, LLC	$69.95	$2.12
Oct 2024Contango Resources,	Contango Resources, LLC	$71.99	$2.20
Sep 2024Contango Resources,	Contango Resources, LLC	$70.24	$2.28
Aug 2024Contango Resources,	Contango Resources, LLC	$76.68	$1.99
Jul 2024Contango Resources,	Contango Resources, LLC	$81.80	$2.07
Jun 2024Contango Resources,	Contango Resources, LLC	$79.77	$2.54
May 2024Contango Resources,	Contango Resources, LLC	$80.02	$2.12
Apr 2024Contango Resources,	Contango Resources, LLC	$85.35	$1.60
Mar 2024Contango Resources,	Contango Resources, LLC	$81.28	$1.49
Feb 2024Contango Resources,	Contango Resources, LLC	$77.25	$1.72
Jan 2024Contango Resources,	Contango Resources, LLC	$74.15	$3.18
Dec 2023Contango Resources,	Contango Resources, LLC	$71.90	$2.52
Nov 2023Contango Resources,	Contango Resources, LLC	$77.69	$2.71
Oct 2023Contango Resources,	Contango Resources, LLC	$85.64	$2.98
Sep 2023Contango Resources,	Contango Resources, LLC	$89.43	$2.64
Aug 2023Contango Resources,	Contango Resources, LLC	$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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