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Texas oil lease

Producing

UNIVERSITY 3-12B

University 3-12B is an oil lease in Upton County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

209,623bbl oil, last 12 months
Operator
Pioneer Natural Res. USA, Inc.
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-22903

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
275,484 mcf
Oil in Jul 2026
9,882 bbl

Production by month

Oil output fell 41% since May 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 41% since May 2025Monthly oil production and gas for UNIVERSITY 3-12B, May 2025 to Jul 2026. Oil output fell 41% since May 2025. Monthly average of 11,870 bbl in the latest 3 months, against 20,058 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 25OctJan 26AprJul
Oil output fell 41% since May 2025Monthly oil production and gas for UNIVERSITY 3-12B, May 2025 to Jul 2026. Oil output fell 41% since May 2025. Monthly average of 11,870 bbl in the latest 3 months, against 20,058 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
93% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 3-12B gas by disposition code each month, May 2025 to Jul 2026. 93% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Jul 25OctJan 26AprJul
93% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 3-12B gas by disposition code each month, May 2025 to Jul 2026. 93% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    93% · 255,614 mcf

  • Lease fuel (1)

    7.2% · 19,863 mcf

  • Flared (4)

    0.0% · 7 mcf

1 well on this lease

Wells on UNIVERSITY 3-12B
API numberWell no.Status
42-461-422152HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Dec 18, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 18, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 18, 2024

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

Who buys my oilOil price check

1,144.90 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for University 3-12B
API numberWell no.Acreson the permit
42-461-422152H1,144.90

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

Unit decimal checker

Estimate your royalty

15 months, newest first

Ledger for UNIVERSITY 3-12B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269,8829,91818,85417,0080$80.46$2.89
Jun 202612,10912,07725,47622,9760$84.81$3.15
May 202613,62013,61627,54925,4480$102.13$2.94
Apr 202613,41713,46427,95026,0790$100.32$2.77
Mar 202621,26621,28532,66530,8880$91.38$3.04
Feb 202616,36116,32014,10312,8407$64.51$3.62
Jan 202617,15517,16320,42618,7390$60.04$7.72
Dec 202518,65518,67117,89916,5220$57.97$4.26
Nov 202521,72521,71321,41619,8760$60.06$3.79
Oct 202524,70024,68926,31124,2850$60.89$3.19
Sep 202522,81222,79224,81522,9760$63.96$2.97
Aug 202517,92117,93818,02017,9770$64.86$2.91
Jul 202537,45037,44731,66931,58029$68.39$3.20
Jun 202517,36217,36616,03915,778213$68.17$3.02
May 20255,3635,2834,7314,608105$62.17$3.12

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

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyUpton County

Pioneer Natural Res. USA, Inc. in Upton County

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Spraberry (Trend Area) field

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