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Texas oil lease

Producing

UNIVERSITY 38

University 38 is an oil lease in Andrews County, Texas, operated by Ovintiv USA Inc. in the Satellite (Devonian) field.

1 well

16,277bbl oil, last 12 months−13% vs prior year
Operator
Ovintiv USA Inc.
County
Andrews County
Field
Satellite (Devonian)
RRC lease
08-36923

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
4,718 mcf
Oil in Jul 2026
1,698 bbl

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 16,277 bbl in the 12 months through Jul 2026, against 18,625 bbl in the 12 months before.Last 12 months: 16,277 bblbbl per monthmcf per month005002001,0004001,5006002,0008002,5001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 16,277 bbl in the 12 months through Jul 2026, against 18,625 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002001,0004001,5006002,0008002,5001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 26.9% of the gas in Jun 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 38 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 26.9% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 26.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 38 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 26.9% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 26.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    95% · 4,856 mcf

  • Transmission line (2)

    4.6% · 233 mcf

  • Flared (4)

    0.2% · 9 mcf

0.2% 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 Jun 2023

Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 20262020202120222023202420252026Changed Jun 2023Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 38
API numberWell no.Status
42-003-389441Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Sep 1, 2025–
Eastex Crude Company, LLCOilGathers50Dec 1, 2023Sep 1, 2025
Shell Trading (Us) CompanyOilGathers50Dec 1, 2023Sep 1, 2025
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Dec 1, 2023
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2022Dec 1, 2023
Phillips 66 Pipeline LLCOilGathers100Oct 1, 2014Aug 1, 2022

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

Who buys my oilOil price check

323.78 acres on the newest permit

Check your decimal on this lease
Permits for University 38
API numberWell no.Acreson the permit
42-003-389441323.78

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

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA1,6981,8195945940$80.46$2.89
Jun 2026Ovintiv USA00000$84.81$3.15
May 2026Ovintiv USA6654382332330$102.13$2.94
Apr 2026Ovintiv USA1,6571,5455145140$100.32$2.77
Mar 2026Ovintiv USA4936151211210$91.38$3.04
Feb 2026Ovintiv USA2,3162,4124924920$64.51$3.62
Jan 2026Ovintiv USA1,9021,8884254250$60.04$7.72
Dec 2025Ovintiv USA1,9731,8234724639$57.97$4.26
Nov 2025Ovintiv USA6207522052050$60.06$3.79
Oct 2025Ovintiv USA1,8841,8046456450$60.89$3.19
Sep 2025Ovintiv USA2,0051,9636666660$63.96$2.97
Aug 2025Ovintiv USA1,0641,1113513510$64.86$2.91
Jul 2025Ovintiv USA1,2401,2663803800$68.39$3.20
Jun 2025Ovintiv USA2,2822,252620453167$68.17$3.02
May 2025Ovintiv USA1,4421,36352520$62.17$3.12
Apr 2025Ovintiv USA6669401061060$63.54$3.42
Mar 2025Ovintiv USA1,8741,68033531421$68.24$4.12
Feb 2025Ovintiv USA85691188880$71.53$4.19
Jan 2025Ovintiv USA1,9992,0464484480$75.74$4.13
Dec 2024Ovintiv USA1,3761,3782702700$70.12$3.01
Nov 2024Ovintiv USA2,0301,9344934930$69.95$2.12
Oct 2024Ovintiv USA1,7751,8925065060$71.99$2.20
Sep 2024Ovintiv USA1,2451,3173003000$70.24$2.28
Aug 2024Ovintiv USA1,8401,6985265260$76.68$1.99
Jul 2024Ovintiv USA2,0472,0454834830$81.80$2.07
Jun 2024Ovintiv USA1,9951,9044594590$79.77$2.54
May 2024Ovintiv USA1,7561,9513903900$80.02$2.12
Apr 2024Ovintiv USA2,1312,1153423420$85.35$1.60
Mar 2024Ovintiv USA2,0912,1364414410$81.28$1.49
Feb 2024Ovintiv USA2,2542,2064284280$77.25$1.72
Jan 2024Ovintiv USA1,5071,3652782780$74.15$3.18
Dec 2023Ovintiv USA1,4581,4562642640$71.90$2.52
Nov 2023Ovintiv USA1,8531,8753313310$77.69$2.71
Oct 2023Ovintiv USA2201331330$85.64$2.98
Sep 2023Ovintiv USA183131000$89.43$2.64
Aug 2023Ovintiv USA500000$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

OperatorOvintiv USA Inc.FieldSatellite (Devonian)CountyAndrews County

Ovintiv USA Inc. in Andrews County

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Satellite (Devonian) field

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