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Texas oil lease

Producing

UNIVERSITY 35-20

University 35-20 is an oil lease in Winkler County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

1 well

10,749bbl oil, last 12 months−51% vs prior year
RRC lease
08-46430

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
7,425 mcf
Oil in Jun 2026
656 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 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 51% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 35-20, Aug 2023 to Jul 2026. Oil output fell 51% over the last 12 months. 9,497 bbl in the 12 months through Jul 2026, against 19,195 bbl in the 12 months before.Last 12 months: 9,497 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 35-20, Aug 2023 to Jul 2026. Oil output fell 51% over the last 12 months. 9,497 bbl in the 12 months through Jul 2026, against 19,195 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 16.7% of the gas in Feb 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 35-20 gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 16.7% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: fuel to lineFlared 16.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 35-20 gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 16.7% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Feb 26: fuel to lineFlared 16.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    97% · 12,061 mcf

  • Transmission line (2)

    3.5% · 432 mcf

  • Flared (4)

    0.0% · 3 mcf

Who has run this lease

The operator changed 3 times, most recently in Jan 2026

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Mar 2023; Point Energy Partners Petro, LLC, Apr 2023 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Apr 2023Changed Sep 2024Changed Jan 2026Diamondback E&P LLCJan 2020 to Mar 2023Point Energy Partners Petro,…Apr 2023 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Mar 2023; Point Energy Partners Petro, LLC, Apr 2023 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Apr 2023Changed Sep 2024Changed Jan 2026Diamondback E&P LLCJan 2020 to Mar 2023Point Energy Partners Petro, LLCApr 2023 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 35-20
API numberWell no.Status
42-495-336012HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2023–
Energy Transfer CompanyCasinghead gasBuys50Aug 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys50Aug 1, 2023–
Energy Transfer CompanyCasinghead gasGathers50Aug 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers50Aug 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015Aug 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Aug 1, 2023
Plains Marketing, L.p.OilGathers100Dec 13, 2014Aug 1, 2023

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

640 acres on the newest permit

  • 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 35-20
API numberWell no.Acreson the permit
42-495-336012H640

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

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 35-20
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy656680000$84.81$3.15
May 2026Crescent Energy805777000$102.13$2.94
Apr 2026Crescent Energy796934000$100.32$2.77
Mar 2026Crescent Energy911948000$91.38$3.04
Feb 2026Crescent Energy749598651$64.51$3.62
Jan 2026Crescent Energy658744000$60.04$7.72
Dec 2025Vital Energy,8638851,20900$57.97$4.26
Nov 2025Vital Energy,9378641,12700$60.06$3.79
Oct 2025Vital Energy,8117261,16900$60.89$3.19
Sep 2025Vital Energy,1,0071,2151,6564272$63.96$2.97
Aug 2025Vital Energy,1,3041,0281,13600$64.86$2.91
Jul 2025Vital Energy,1,2521,6781,12200$68.39$3.20
Jun 2025Vital Energy,1,4201,2761,13800$68.17$3.02
May 2025Vital Energy,61564343200$62.17$3.12
Apr 2025Vital Energy,1,6751,5611,15900$63.54$3.42
Mar 2025Vital Energy,1,9552,0121,26200$68.24$4.12
Feb 2025Vital Energy,1,7692,0711,08000$71.53$4.19
Jan 2025Vital Energy,1,9011,9011,13400$75.74$4.13
Dec 2024Vital Energy,2,0191,7341,30200$70.12$3.01
Nov 2024Vital Energy,1,7971,7331,21600$69.95$2.12
Oct 2024Vital Energy,1,5761,7632,2239590$71.99$2.20
Sep 2024Vital Energy,1,4009342,6161,4550$70.24$2.28
Aug 2024Point Energy1,8161,8161,6881,6880$76.68$1.99
Jul 2024Point Energy1,0791,07910,32610,3260$81.80$2.07
Jun 2024Point Energy1,9581,9589,4879,4870$79.77$2.54
May 2024Point Energy1,2571,457000$80.02$2.12
Apr 2024Point Energy1,0351,60710,36210,3620$85.35$1.60
Mar 2024Point Energy3311,26810,59610,5960$81.28$1.49
Feb 2024Point Energy1,1271859,5889,5880$77.25$1.72
Jan 2024Point Energy1,10555727,20327,2030$74.15$3.18
Dec 2023Point Energy1,2691,03830,08830,0880$71.90$2.52
Nov 2023Point Energy1,2991,49727,74227,7420$77.69$2.71
Oct 2023Point Energy57636518,58118,5810$85.64$2.98
Sep 2023Point Energy9031,018000$89.43$2.64
Aug 2023Point Energy688688000$81.39$2.58

No report filed 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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Crescent Energy Operating, LLC in Winkler County

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