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Texas oil lease

Producing

UNIVERSITY 36-20

University 36-20 is an oil lease in Winkler County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

5 wells

50,661bbl oil, last 12 months−19% vs prior year
Operator
Crescent Energy Operating, LLC
County
Winkler County
Field
Phantom (Wolfcamp)
RRC lease
08-43417

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
50,798 mcf
Oil in Jun 2026
3,868 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 19% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 36-20, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 46,187 bbl in the 12 months through Jul 2026, against 56,945 bbl in the 12 months before.Last 12 months: 46,187 bblbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 36-20, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 46,187 bbl in the 12 months through Jul 2026, against 56,945 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Dec 2025 the lease's gas goes to lease fuel instead of a transmission line

Flaring peaked at 21.1% of the gas in Feb 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Dec 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of UNIVERSITY 36-20 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2025 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 21.1% of the gas in Feb 2025.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2025: line to fuelFlared 21.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of UNIVERSITY 36-20 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2025 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 21.1% of the gas in Feb 2025.Share of gas by disposition code0%50%100%Dec 25: line to fuelFlared 21.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    55% · 27,927 mcf

  • Transmission line (2)

    45% · 22,656 mcf

  • Flared (4)

    0.4% · 215 mcf

0.4% of the gas flared in the last 12 months. 2 months above 3%.

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.

5 wells on this lease

Wells on UNIVERSITY 36-20
API numberWell no.Status
42-495-333881HActive
42-495-340912DActive
42-495-34141571HActive
42-495-34142603HActive
42-495-34143652HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Sep 1, 2023–
Energy Transfer CompanyCasinghead gasBuys50Sep 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys50Sep 1, 2023–
Energy Transfer CompanyCasinghead gasGathers50Sep 1, 2023–
Targa Midstream Services LLCCasinghead gasGathers50Sep 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015Sep 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Sep 1, 2023
Plains Marketing, L.p.OilGathers100May 23, 2012Sep 1, 2023

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

Who buys my oilOil price check

320.35 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 320.35 and 640 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 36-20
API numberWell no.Acreson the permit
42-495-34141571H320.35
42-495-34142603H320.35
42-495-34143652H320.35
42-495-340912D320.35
42-495-333881640
42-495-333881H640

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

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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 36-20
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy3,8683,9184,4201,9399$84.81$3.15
May 2026Crescent Energy4,4394,2924,2631,7993$102.13$2.94
Apr 2026Crescent Energy3,8753,9332,8935986$100.32$2.77
Mar 2026Crescent Energy3,8123,7842,8664987$91.38$3.04
Feb 2026Crescent Energy3,5673,8552,6343952$64.51$3.62
Jan 2026Crescent Energy3,9733,5852,0839431$60.04$7.72
Dec 2025Vital Energy,4,5264,7312,49003$57.97$4.26
Nov 2025Vital Energy,4,3064,1665,5013,1142$60.06$3.79
Oct 2025Vital Energy,4,5784,6915,9453,35313$60.89$3.19
Sep 2025Vital Energy,4,5744,5115,8613,31526$63.96$2.97
Aug 2025Vital Energy,4,6694,7965,7003,15629$64.86$2.91
Jul 2025Vital Energy,4,4744,4996,1423,546114$68.39$3.20
Jun 2025Vital Energy,4,7894,7806,1853,519198$68.17$3.02
May 2025Vital Energy,4,4254,4365,1792,84064$62.17$3.12
Apr 2025Vital Energy,4,1674,5505,0502,7816$63.54$3.42
Mar 2025Vital Energy,4,9504,9035,5272,97819$68.24$4.12
Feb 2025Vital Energy,4,0223,9105,7722,2881,220$71.53$4.19
Jan 2025Vital Energy,5,0585,3685,2392,77636$75.74$4.13
Dec 2024Vital Energy,5,5575,4356,1453,64814$70.12$3.01
Nov 2024Vital Energy,4,5534,2484,8352,57550$69.95$2.12
Oct 2024Vital Energy,4,8964,8075,7193,2880$71.99$2.20
Sep 2024Vital Energy,4,7644,8115,5763,3520$70.24$2.28
Aug 2024Point Energy5,2905,4122,0702,0700$76.68$1.99
Jul 2024Point Energy5,7475,4852,1122,1120$81.80$2.07
Jun 2024Point Energy5,7105,3572,2352,2350$79.77$2.54
May 2024Point Energy5,0434,9061,8701,8700$80.02$2.12
Apr 2024Point Energy5,1165,1162,2712,2710$85.35$1.60
Mar 2024Point Energy5,8235,8232,8812,8810$81.28$1.49
Feb 2024Point Energy5,6445,6443,6983,6980$77.25$1.72
Jan 2024Point Energy5,7365,7361,6711,6710$74.15$3.18
Dec 2023Point Energy5,9725,9721,2471,2470$71.90$2.52
Nov 2023Point Energy5,7915,7911,3171,3170$77.69$2.71
Oct 2023Point Energy5,5505,5501,5181,5180$85.64$2.98
Sep 2023Point Energy5,3965,4883,1213,1210$89.43$2.64
Aug 2023Point Energy4,9154,9154,3794,3790$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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Nearby

This lease belongs to

OperatorCrescent Energy Operating, LLCFieldPhantom (Wolfcamp)CountyWinkler County

Crescent Energy Operating, LLC in Winkler County

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Phantom (Wolfcamp) field

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