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Texas oil lease

Producing

UNIVERSITY 31-8

University 31-8 is an oil lease in Crane County, Texas, operated by Ring Energy, Inc. in the Block 31, NW. (Penn Upper) field.

2 wells

1,064bbl oil, last 12 months−5% vs prior year
Operator
Ring Energy, Inc.
County
Crane County
Field
Block 31, NW. (Penn Upper)
RRC lease
08-42308

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
4,877 mcf
Oil in Jul 2026
69 bbl

Production by month

Oil output fell 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 31-8, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 1,064 bbl in the 12 months through Jul 2026, against 1,125 bbl in the 12 months before.Last 12 months: 1,064 bblbbl per monthmcf per month0050200100400150600200800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 31-8, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 1,064 bbl in the 12 months through Jul 2026, against 1,125 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050200100400150600200800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 16.1% of the gas in Oct 2023.

  • Processing plant (3)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 31-8 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 16.1% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 16.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 31-8 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 16.1% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Flared 16.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 4,863 mcf

  • Flared (4)

    0.3% · 14 mcf

0.3% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Sep 2022

Operators of this lease over timeStronghold Energy II Oper, LLC, Jan 2020 to Aug 2022; Ring Energy, Inc., Sep 2022 to Jul 20262020202120222023202420252026Changed Sep 2022Stronghold Energy II Oper, LLCJan 2020 to Aug 2022Ring Energy, Inc.Sep 2022 to now
Operators of this lease over timeStronghold Energy II Oper, LLC, Jan 2020 to Aug 2022; Ring Energy, Inc., Sep 2022 to Jul 20262020202120222023202420252026Changed Sep 2022Stronghold Energy II Oper, LLCJan 2020 to Aug 2022Ring Energy, Inc.Sep 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on UNIVERSITY 31-8
API numberWell no.Status
42-103-358373HActive
42-103-359002HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100Sep 1, 2026–
Targa Midstream Services LLCCasinghead gasBuys100Aug 27, 2011–
Targa Midstream Services LLCCasinghead gasGathers100Aug 27, 2011–
Eastex Crude Company, LLCOilGathers50Jan 1, 2023Sep 1, 2026
Energy Trans Crude Marketing LLCOilGathers50Jan 1, 2023Sep 1, 2026
Eastex Crude CompanyOilGathers100May 1, 2014Jan 1, 2023

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

Who buys my oilOil price check

3,120 acres on the newest permit

Check your decimal on this lease
Permits for University 31-8
API numberWell no.Acreson the permit
42-103-359002H3,120
42-103-358373H3,120

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 31-8
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,6905135130$80.46$2.89
Jun 2026Ring Energy,9716926425014$84.81$3.15
May 2026Ring Energy,1071683453450$102.13$2.94
Apr 2026Ring Energy,8603953950$100.32$2.77
Mar 2026Ring Energy,741693653650$91.38$3.04
Feb 2026Ring Energy,9803853850$64.51$3.62
Jan 2026Ring Energy,951704424420$60.04$7.72
Dec 2025Ring Energy,10805335330$57.97$4.26
Nov 2025Ring Energy,821685925920$60.06$3.79
Oct 2025Ring Energy,961674984980$60.89$3.19
Sep 2025Ring Energy,6502552550$63.96$2.97
Aug 2025Ring Energy,8702902900$64.86$2.91
Jul 2025Ring Energy,1091731391390$68.39$3.20
Jun 2025Ring Energy,11516898980$68.17$3.02
May 2025Ring Energy,56064640$62.17$3.12
Apr 2025Ring Energy,1101661411410$63.54$3.42
Mar 2025Ring Energy,9801111110$68.24$4.12
Feb 2025Ring Energy,9716750500$71.53$4.19
Jan 2025Ring Energy,8917395950$75.74$4.13
Dec 2024Ring Energy,92086860$70.12$3.01
Nov 2024Ring Energy,68055550$69.95$2.12
Oct 2024Ring Energy,10816844440$71.99$2.20
Sep 2024Ring Energy,123068680$70.24$2.28
Aug 2024Ring Energy,6022781810$76.68$1.99
Jul 2024Ring Energy,78053530$81.80$2.07
Jun 2024Ring Energy,69030300$79.77$2.54
May 2024Ring Energy,7033730300$80.02$2.12
Apr 2024Ring Energy,1229780800$85.35$1.60
Mar 2024Ring Energy,167080800$81.28$1.49
Feb 2024Ring Energy,523271001000$77.25$1.72
Jan 2024Ring Energy,14092920$74.15$3.18
Dec 2023Ring Energy,150078780$71.90$2.52
Nov 2023Ring Energy,64074740$77.69$2.71
Oct 2023Ring Energy,610877314$85.64$2.98
Sep 2023Ring Energy,731681901900$89.43$2.64
Aug 2023Ring Energy,1413272312310$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.FieldBlock 31, NW. (Penn Upper)CountyCrane County

Ring Energy, Inc. in Crane County

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Block 31, NW. (Penn Upper) field

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