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Texas oil lease

Producing

UNIVERSITY -3-

University -3- is an oil lease in Andrews County, Texas, operated by BCP Resources, LLC in the Martin (Consolidated) field.

14 wells

7,043bbl oil, last 12 months−14% vs prior year
Operator
BCP Resources, LLC
County
Andrews County
Field
Martin (Consolidated)
RRC lease
08-36660

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
31,770 mcf
Oil in Jul 2026
512 bbl

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 -3-, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 7,043 bbl in the 12 months through Jul 2026, against 8,188 bbl in the 12 months before.Last 12 months: 7,043 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -3-, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 7,043 bbl in the 12 months through Jul 2026, against 8,188 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2023 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 100.0% of the gas in Feb 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Oct 2023 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY -3- gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 100.0% of the gas in Feb 2025.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2023: fuel to plantFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2023 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY -3- gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 100.0% of the gas in Feb 2025.Share of gas by disposition code0%50%100%Oct 23: fuel to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    82% · 26,105 mcf

  • Flared (4)

    18% · 5,665 mcf

17.8% of the gas flared in the last 12 months. 17 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timeWhiting Oil and Gas Corporation, Jan 2020 to May 2023; BCP Resources, LLC, Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Whiting Oil and Gas Corporati…Jan 2020 to May 2023BCP Resources, LLCJun 2023 to now
Operators of this lease over timeWhiting Oil and Gas Corporation, Jan 2020 to May 2023; BCP Resources, LLC, Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Whiting Oil and Gas CorporationJan 2020 to May 2023BCP Resources, LLCJun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

14 wells on this lease

Wells on UNIVERSITY -3-
API numberWell no.Status
42-003-110481Active
42-003-348022Active
42-003-364013Active
42-003-366054Active
42-003-367095Shut-in
42-003-374818Active
42-003-374836Active
42-003-374897Active
42-003-3974410Shut-in
42-003-402119Shut-in
42-003-4021211Active
42-003-4060313Active
42-003-4060414Active
42-003-4062612Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Jan 1, 2026–
Energy Transfer CompanyCasinghead gasBuys100Jan 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Jan 1, 2026–
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2022Jan 1, 2026
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2022
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Jul 1, 2022
Conocophillips CompanyOilGathers100Oct 1, 2004Jul 1, 2022

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

Who buys my oilOil price check

305.90 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 305.9 and 320 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    15 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.

  • Worth asking

    A substandard-acreage flag is in the permit records

    The RRC permit records include a substandard-acreage flag. Ask which acreage applies to your well and how it was used in your decimal.

  • 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 -3-
API numberWell no.Acreson the permit
42-003-4062612305.90
42-003-4060313305.90
42-003-4060414305.90
42-003-402119305.90
42-003-4021211305.90
42-003-40212311305.90
42-003-3974410305.90
42-003-110481305.90
42-003-374818305.90
42-003-374897305.90
42-003-374836305.90
42-003-366054320

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -3-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026BCP Resources,5124925170517$80.46$2.89
Jun 2026BCP Resources,6296436320632$84.81$3.15
May 2026BCP Resources,6506386810681$102.13$2.94
Apr 2026BCP Resources,6316093,0791,9921,087$100.32$2.77
Mar 2026BCP Resources,5685892,9032,343560$91.38$3.04
Feb 2026BCP Resources,5114742,5422,45488$64.51$3.62
Jan 2026BCP Resources,5195622,5632,51845$60.04$7.72
Dec 2025BCP Resources,5895863,1282,812316$57.97$4.26
Nov 2025BCP Resources,5887063,1493,026123$60.06$3.79
Oct 2025BCP Resources,5203483,4483,085363$60.89$3.19
Sep 2025BCP Resources,6275904,2864,046240$63.96$2.97
Aug 2025BCP Resources,6997394,8423,8291,013$64.86$2.91
Jul 2025BCP Resources,6436275,1503,4691,681$68.39$3.20
Jun 2025BCP Resources,6256274,6943,1811,513$68.17$3.02
May 2025BCP Resources,6126185,2911625,129$62.17$3.12
Apr 2025BCP Resources,6776415,3503,5151,835$63.54$3.42
Mar 2025BCP Resources,69765817,31617,199117$68.24$4.12
Feb 2025BCP Resources,7617614,92604,926$71.53$4.19
Jan 2025BCP Resources,6277785,5714,881690$75.74$4.13
Dec 2024BCP Resources,6317616336330$70.12$3.01
Nov 2024BCP Resources,8127633,9263,9260$69.95$2.12
Oct 2024BCP Resources,7647764,6044,6040$71.99$2.20
Sep 2024BCP Resources,6917663,8153,8150$70.24$2.28
Aug 2024BCP Resources,6485124,4134,4130$76.68$1.99
Jul 2024BCP Resources,7337714,0834,0830$81.80$2.07
Jun 2024BCP Resources,8069465,7385,7380$79.77$2.54
May 2024BCP Resources,8478444,6804,6800$80.02$2.12
Apr 2024BCP Resources,9308804,7224,7220$85.35$1.60
Mar 2024BCP Resources,1,0201,0215,7555,7550$81.28$1.49
Feb 2024BCP Resources,7106912,9462,9460$77.25$1.72
Jan 2024BCP Resources,1,1701,5123,7003,7000$74.15$3.18
Dec 2023BCP Resources,38204,4714,4710$71.90$2.52
Nov 2023BCP Resources,9058704,6944,6940$77.69$2.71
Oct 2023BCP Resources,1,0319983,7513,7510$85.64$2.98
Sep 2023BCP Resources,8968583,44300$89.43$2.64
Aug 2023BCP Resources,7687161,80500$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

OperatorBCP Resources, LLCFieldMartin (Consolidated)CountyAndrews County

BCP Resources, LLC in Andrews County

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Martin (Consolidated) field

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