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Producing

UNIVERSITY 31

University 31 is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Emma (Devonian) field.

3 wells

20,050bbl oil, last 12 months−9% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Emma (Devonian)
RRC lease
08-46863

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
70,619 mcf
Oil in Jul 2026
1,576 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Ring Energy, Inc. took over from Lime Rock Resources IV-A, L.P. in Apr 2025.

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

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Production by month

Oil output fell 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 31, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 20,050 bbl in the 12 months through Jul 2026, against 21,928 bbl in the 12 months before.Last 12 months: 20,050 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 31, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 20,050 bbl in the 12 months through Jul 2026, against 21,928 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

89% of the gas went to a processing plant in the last 12 months

Flaring peaked at 92.1% of the gas in May 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
89% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 31 gas by disposition code each month, Aug 2023 to Jul 2026. 89% of the gas went to a processing plant in the last 12 months. Flaring peaked at 92.1% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 92.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
89% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 31 gas by disposition code each month, Aug 2023 to Jul 2026. 89% of the gas went to a processing plant in the last 12 months. Flaring peaked at 92.1% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 92.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 62,990 mcf

  • Flared (4)

    11% · 7,629 mcf

10.8% of the gas flared in the last 12 months. 27 months above 3%.

Who has run this lease

The operator changed once, most recently in Apr 2025

Operators of this lease over timeLime Rock Resources IV-A, L.P., Jan 2020 to Mar 2025; Ring Energy, Inc., Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Lime Rock Resources IV-A, L.P.Jan 2020 to Mar 2025Ring Energy, Inc.Apr 2025 to now
Operators of this lease over timeLime Rock Resources IV-A, L.P., Jan 2020 to Mar 2025; Ring Energy, Inc., Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Lime Rock Resources IV-A, L.P.Jan 2020 to Mar 2025Ring Energy, Inc.Apr 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on UNIVERSITY 31
API numberWell no.Status
42-003-469041HActive
42-003-478443HActive
42-003-479126HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100Sep 1, 2026–
Dcp Operating Company, LPCasinghead gasBuys51Apr 1, 2025–
James Lake Midstream LLCCasinghead gasBuys49Apr 1, 2025–
Dcp Operating Company, LPCasinghead gasGathers51Apr 1, 2025–
James Lake Midstream LLCCasinghead gasGathers49Apr 1, 2025–
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2022Sep 1, 2026
Dcp Operating Company, LPCasinghead gasGathers50Jul 1, 2022Apr 1, 2025
James Lake Midstream LLCCasinghead gasGathers50Jul 1, 2022Apr 1, 2025
Dcp Operating Company, LPCasinghead gasBuys50Jul 1, 2022Apr 1, 2025
James Lake Midstream LLCCasinghead gasBuys50Jul 1, 2022Apr 1, 2025
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2022

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

Who buys my oilOil price check

241.48 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 241.48 and 241.54 acres. Use the acres from your own division order for the well you are paid on.

  • 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 31
API numberWell no.Acreson the permit
42-003-478443H241.48
42-003-479126H241.48
42-003-469041H241.54

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 31
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,1,5761,4125,4975,010487$80.46$2.89
Jun 2026Ring Energy,1,3461,6974,5594,52237$84.81$3.15
May 2026Ring Energy,1,7881,8427,1845,9951,189$102.13$2.94
Apr 2026Ring Energy,1,8721,6906,6246,6240$100.32$2.77
Mar 2026Ring Energy,1,5891,6115,4355,4350$91.38$3.04
Feb 2026Ring Energy,1,3841,4594,8994,8990$64.51$3.62
Jan 2026Ring Energy,1,7482,0225,5845,55232$60.04$7.72
Dec 2025Ring Energy,2,1592,1246,9826,676306$57.97$4.26
Nov 2025Ring Energy,1,4951,6814,5844,51470$60.06$3.79
Oct 2025Ring Energy,1,8001,5426,8905,0501,840$60.89$3.19
Sep 2025Ring Energy,1,8251,5917,2254,2772,948$63.96$2.97
Aug 2025Ring Energy,1,4681,4095,1564,436720$64.86$2.91
Jul 2025Ring Energy,1,4911,7025,1674,0321,135$68.39$3.20
Jun 2025Ring Energy,1,9901,7387,7462,4355,311$68.17$3.02
May 2025Ring Energy,1,1491,5012,7172142,503$62.17$3.12
Apr 2025Ring Energy,1,9681,8083,9962,7591,237$63.54$3.42
Mar 2025Lime Rock1,7351,8185,6775,171194$68.24$4.12
Feb 2025Lime Rock1,7051,7665,3285,01531$71.53$4.19
Jan 2025Lime Rock1,9072,1405,6034,1791,112$75.74$4.13
Dec 2024Lime Rock1,9111,7575,9275,299316$70.12$3.01
Nov 2024Lime Rock1,9601,8636,1554,6451,208$69.95$2.12
Oct 2024Lime Rock2,0492,1016,4064,1551,939$71.99$2.20
Sep 2024Lime Rock1,9641,9126,1611,5394,320$70.24$2.28
Aug 2024Lime Rock2,0992,2686,3881,5914,485$76.68$1.99
Jul 2024Lime Rock2,2722,2016,7431,7514,680$81.80$2.07
Jun 2024Lime Rock2,3922,6676,6431,8384,503$79.77$2.54
May 2024Lime Rock2,6902,0947,5392,7214,506$80.02$2.12
Apr 2024Lime Rock1,3331,9963,3381,9281,108$85.35$1.60
Mar 2024Lime Rock4,5894,30410,2255,7764,137$81.28$1.49
Feb 2024Lime Rock5,4735,59711,3898,4582,639$77.25$1.72
Jan 2024Lime Rock2,5422,5066,3704,2391,819$74.15$3.18
Dec 2023Lime Rock2,6372,5057,2143,2223,680$71.90$2.52
Nov 2023Lime Rock2,8303,0837,4447,06280$77.69$2.71
Oct 2023Lime Rock3,3842,9387,9247,6120$85.64$2.98
Sep 2023Lime Rock2,1052,0545,7362,4832,951$89.43$2.64
Aug 2023Lime Rock2,2802,6026,3163,0712,933$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.FieldEmma (Devonian)CountyAndrews County

Ring Energy, Inc. in Andrews County

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Emma (Devonian) field

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