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Texas oil lease

Producing

UNIVERSITY 35-19 40

University 35-19 40 is an oil lease in Reagan County, Texas, operated by Civitas Permian Operating, LLC in the Spraberry (Trend Area) field.

5 wells

79,674bbl oil, last 12 months−16% vs prior year
Operator
Civitas Permian Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-19987

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
408,611 mcf
Oil in Jul 2026
8,147 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

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

See why checks stop on this lease

Production by month

Oil output fell 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 35-19 40, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 79,674 bbl in the 12 months through Jul 2026, against 95,320 bbl in the 12 months before.Last 12 months: 79,674 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 35-19 40, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 79,674 bbl in the 12 months through Jul 2026, against 95,320 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

84% of the gas went to a processing plant in the last 12 months

Flaring peaked at 59.4% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
84% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 35-19 40 gas by disposition code each month, Aug 2023 to Jul 2026. 84% of the gas went to a processing plant in the last 12 months. Flaring peaked at 59.4% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 59.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
84% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 35-19 40 gas by disposition code each month, Aug 2023 to Jul 2026. 84% of the gas went to a processing plant in the last 12 months. Flaring peaked at 59.4% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 59.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 344,411 mcf

  • Lease fuel (1)

    9.2% · 37,543 mcf

  • Flared (4)

    6.5% · 26,657 mcf

6.5% of the gas flared in the last 12 months. 12 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2024

Operators of this lease over timeHunt Oil Company, Jan 2020 to Jul 2021; Vencer Energy, LLC, Aug 2021 to Dec 2023; Civitas Permian Operating, LLC, Jan 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed Jan 2024Hunt Oil CompanyJan 2020 to Jul 2021Vencer Energy, LLCAug 2021 to Dec 2023Civitas Permian Operating, LLCJan 2024 to now
Operators of this lease over timeHunt Oil Company, Jan 2020 to Jul 2021; Vencer Energy, LLC, Aug 2021 to Dec 2023; Civitas Permian Operating, LLC, Jan 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed Jan 2024Hunt Oil CompanyJan 2020 to Jul 2021Vencer Energy, LLCAug 2021 to Dec 2023Civitas Permian Operating, LLCJan 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on UNIVERSITY 35-19 40
API numberWell no.Status
42-383-40061104HAActive
42-383-40062104HBActive
42-383-40063304HBActive
42-383-40064104HCActive
42-383-416977DActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Trafigura Trading LLCOilGathers90Apr 26, 2018–
Medallion Operating Company, LLCOilGathers10Apr 26, 2018–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100Apr 26, 2018Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100Apr 26, 2018Aug 1, 2024

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

Who buys my oilOil price check

654.65 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.

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

  • 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 35-19 40
API numberWell no.Acreson the permit
42-383-416977D654.65
42-383-40062104HB654.65
42-383-40063304HB654.65
42-383-40064104HC654.65
42-383-40061104HA654.65

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

Unit decimal checker

What SM Energy Company told investors it received

Civitas Permian Operating, LLC is linked to SM Energy Company (CIVI).
Realized prices reported by SM Energy Company
QuarterOil$ per bblFiling
Q2 2026$96.85SEC filing
Q1 2026$73.69SEC filing
Q3 2025$65.24SEC filing
Q2 2025$63.87SEC filing
Q1 2025$70.90SEC filing
Q4 2024$69.96SEC filing

SourceSM Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 35-19 40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Civitas Permian8,1478,49634,73632,0751$80.46$2.89
Jun 2026Civitas Permian5,0974,62917,90415,03618$84.81$3.15
May 2026Civitas Permian5,9325,71018,44810,1475,356$102.13$2.94
Apr 2026Civitas Permian5,2315,21319,3819,6806,851$100.32$2.77
Mar 2026Civitas Permian6,1016,04035,92029,3623,253$91.38$3.04
Feb 2026Civitas Permian6,5866,77134,19630,851349$64.51$3.62
Jan 2026Civitas Permian6,1135,96631,86928,321766$60.04$7.72
Dec 2025Civitas Permian7,4137,33438,67435,187290$57.97$4.26
Nov 2025Civitas Permian7,0917,17135,90330,7741,955$60.06$3.79
Oct 2025Civitas Permian7,7417,94143,22630,8467,818$60.89$3.19
Sep 2025Civitas Permian6,6186,41343,72940,6690$63.96$2.97
Aug 2025Civitas Permian7,6047,62554,62551,4630$64.86$2.91
Jul 2025Civitas Permian6,4356,32433,08829,9260$68.39$3.20
Jun 2025Civitas Permian4,6864,72726,77221,7520$68.17$3.02
May 2025Civitas Permian5,9215,90939,43734,1050$62.17$3.12
Apr 2025Civitas Permian6,9887,02045,84140,6810$63.54$3.42
Mar 2025Civitas Permian9,7619,68847,74842,4160$68.24$4.12
Feb 2025Civitas Permian9,1279,14045,76340,9680$71.53$4.19
Jan 2025Civitas Permian12,52712,56464,56959,2370$75.74$4.13
Dec 2024Civitas Permian15,98515,88369,65464,1820$70.12$3.01
Nov 2024Civitas Permian12,04012,03145,57138,7110$69.95$2.12
Oct 2024Civitas Permian11,11810,92338,52732,5750$71.99$2.20
Sep 2024Civitas Permian1366542,3841,6160$70.24$2.28
Aug 2024Civitas Permian5965771,6291,4210$76.68$1.99
Jul 2024Civitas Permian5,6766,25228,66822,7160$81.80$2.07
Jun 2024Civitas Permian4,5624,29634,83329,0730$79.77$2.54
May 2024Civitas Permian4,1104,34142,39425,55610,886$80.02$2.12
Apr 2024Civitas Permian5,5645,52338,02130,3712,206$85.35$1.60
Mar 2024Civitas Permian5,8785,54043,20836,5051,766$81.28$1.49
Feb 2024Civitas Permian5,6845,87238,31231,3222,140$77.25$1.72
Jan 2024Civitas Permian5,2715,59942,05336,334387$74.15$3.18
Dec 2023Vencer Energy,6,0536,21445,27439,132822$71.90$2.52
Nov 2023Vencer Energy,6,1655,54739,86633,905801$77.69$2.71
Oct 2023Vencer Energy,5,6635,57741,46830,1716,122$85.64$2.98
Sep 2023Vencer Energy,5,9236,46040,94421,06514,719$89.43$2.64
Aug 2023Vencer Energy,6,7696,49048,69014,45228,909$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

OperatorCivitas Permian Operating, LLCFieldSpraberry (Trend Area)CountyReagan County

Civitas Permian Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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