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Texas oil lease

Producing

UNIVERSITY "3-32"

University "3-32" is an oil lease in Upton County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

4 wells

21,344bbl oil, last 12 months+5% vs prior year
RRC lease
7C-16718

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
23,378 mcf
Oil in Jul 2026
1,667 bbl

Production by month

Oil output rose 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "3-32", Aug 2023 to Jul 2026. Oil output rose 5% over the last 12 months. 21,344 bbl in the 12 months through Jul 2026, against 20,345 bbl in the 12 months before.Last 12 months: 21,344 bblbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "3-32", Aug 2023 to Jul 2026. Oil output rose 5% over the last 12 months. 21,344 bbl in the 12 months through Jul 2026, against 20,345 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.5% of the gas in May 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY "3-32" gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.5% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY "3-32" gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.5% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 4.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 22,077 mcf

  • Lease fuel (1)

    5.1% · 1,197 mcf

  • Flared (4)

    0.4% · 104 mcf

0.4% of the gas flared in the last 12 months. 4 months above 3%.

4 wells on this lease

Wells on UNIVERSITY "3-32"
API numberWell no.Status
42-461-359361Active
42-461-377234HActive
42-461-378063WSShut-in
42-461-380735HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers50May 1, 2018
Plains Pipeline L.p.OilGathers50May 1, 2018
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015

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

987.50 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 328.1 and 987.5 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for University "3-32"
API numberWell no.Acreson the permit
42-461-380735H987.50
42-461-378063WS987.50
42-461-377234H987.50
42-461-359361328.10

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

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "3-32"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6671,6711,3161,2740$80.46$2.89
Jun 20261,7521,7771,1981,1390$84.81$3.15
May 20262,0242,0032,6052,4810$102.13$2.94
Apr 20261,8561,8111,9021,7850$100.32$2.77
Mar 20261,5411,6171,7481,59035$91.38$3.04
Feb 20261,8751,8711,8881,74836$64.51$3.62
Jan 20261,8121,7782,0691,9468$60.04$7.72
Dec 20251,9221,9312,4482,3251$57.97$4.26
Nov 20252,0521,9551,6991,5752$60.06$3.79
Oct 20251,3911,3451,6421,5457$60.89$3.19
Sep 20251,2061,3331,4771,40714$63.96$2.97
Aug 20252,2462,2083,3863,2621$64.86$2.91
Jul 20252,0772,0603,2353,1141$68.39$3.20
Jun 20251,6671,6682,7232,54662$68.17$3.02
May 20251,8841,8492,9642,726124$62.17$3.12
Apr 20251,5091,5381,8841,8141$63.54$3.42
Mar 20251,9642,0062,9492,81028$68.24$4.12
Feb 20252,0312,0383,1312,90895$71.53$4.19
Jan 20252,1242,0003,2353,02669$75.74$4.13
Dec 20241,2201,2801,2861,2326$70.12$3.01
Nov 20241,1511,0581,0941,0560$69.95$2.12
Oct 20241,0401,0681,5861,5301$71.99$2.20
Sep 20241,2201,3402,3952,24864$70.24$2.28
Aug 20242,4582,5623,7553,53885$76.68$1.99
Jul 20243,4673,3934,7734,496111$81.80$2.07
Jun 20242,7692,8104,7224,407146$79.77$2.54
May 20243,1253,0334,8544,436218$80.02$2.12
Apr 20242,3252,3584,2073,97356$85.35$1.60
Mar 20242,5732,5434,6464,39450$81.28$1.49
Feb 20242,3552,4582,9252,7899$77.25$1.72
Jan 20243,3393,3523,4173,24923$74.15$3.18
Dec 20233,7213,7753,4593,28825$71.90$2.52
Nov 20234,2794,1623,5453,37924$77.69$2.71
Oct 20233,5663,4003,5103,29066$85.64$2.98
Sep 20231,4451,3961,5671,48517$89.43$2.64
Aug 20239769851,3261,25223$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

Pioneer Natural Res. USA, Inc. in Upton County

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