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Producing

UNIVERSITY 38-40

University 38-40 is an oil lease in Irion County, Texas, operated by Sem Operating Company LLC in the Lin (Wolfcamp) field.

14 wells

65,209bbl oil, last 12 months−29% vs prior year
Operator
Sem Operating Company LLC
County
Irion County
Field
Lin (Wolfcamp)
RRC lease
7C-19775

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Where it sits

This county

Irion CountyIrionTom GreenSchleicherSterlingGlasscockReaganCokeIrion County
Irion County
Gas, last 12 months
2,605,462 mcf
Oil in Jul 2026
4,115 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38-40, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 65,209 bbl in the 12 months through Jul 2026, against 92,014 bbl in the 12 months before.Last 12 months: 65,209 bblbbl per monthmcf per month005,000100k10k200k15k300k20k400kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38-40, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 65,209 bbl in the 12 months through Jul 2026, against 92,014 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,000100k10k200k15k300k20k400kJan 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 13.9% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 38-40 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 13.9% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 13.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 38-40 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 13.9% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 13.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 2,603,061 mcf

  • Lease fuel (1)

    0.1% · 2,396 mcf

  • Flared (4)

    0.0% · 5 mcf

14 wells on this lease

Wells on UNIVERSITY 38-40
API numberWell no.Status
42-235-361821704WBActive
42-235-361831705WCActive
42-235-361861712WBActive
42-235-361871801WCActive
42-235-362570112WCActive
42-235-362580201WCActive
42-235-362630104WBActive
42-235-362640105WCActive
42-235-362871808WBActive
42-235-362881809WCActive
42-235-362910208WBActive
42-235-362920209WCActive
42-235-365230101WCActive
42-235-365241812WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Jun 1, 2020–
Canes Midstream G&p LLCCasinghead gasBuys34Sep 1, 2024–
Dcp Operating Company, LPCasinghead gasBuys33Oct 5, 2023–
Et Gathering & Processing LLCCasinghead gasBuys33Sep 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers34Sep 1, 2024–
Dcp Operating Company, LPCasinghead gasGathers33Oct 5, 2023–
Energy Transfer CompanyCasinghead gasGathers33Sep 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers33Oct 5, 2023Sep 1, 2024
Wtg South Permian Midstream LLCCasinghead gasGathers34Oct 5, 2023Sep 1, 2024
Canes Midstream G&p LLCCasinghead gasBuys33Oct 5, 2023Sep 1, 2024
Wtg South Permian Midstream LLCCasinghead gasBuys34Oct 5, 2023Sep 1, 2024
Cogent Midstream Westex, LLCCasinghead gasGathers33Feb 1, 2019Oct 5, 2023
Dcp Operating Company, LPCasinghead gasGathers34Feb 1, 2019Oct 5, 2023

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

Who buys my oilOil price check

4,610.05 acres on the newest permit

  • Good to know

    14 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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 38-40
API numberWell no.Acreson the permit
42-235-365241812WB4,610.05
42-235-365230101WC4,610.05
42-235-362920209WC4,610.05
42-235-362910208WB4,610.05
42-235-362871808WB4,610.05
42-235-362881809WC4,610.05
42-235-362630104WB4,610.05
42-235-362640105WC4,610.05
42-235-362570112WC4,610.05
42-235-362580201WC4,610.05
42-235-361871801WC4,610.05
42-235-361861712WB4,610.05

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

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY 38-40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,1154,065191,267191,2670$80.46$2.89
Jun 20263,9623,818187,769187,7690$84.81$3.15
May 20264,4734,748195,085195,0850$102.13$2.94
Apr 20264,4994,910190,578190,5610$100.32$2.77
Mar 20265,4515,558222,624222,4290$91.38$3.04
Feb 20265,5295,668209,503209,2350$64.51$3.62
Jan 20266,5286,471228,591228,3080$60.04$7.72
Dec 20256,2346,104231,604231,3080$57.97$4.26
Nov 20255,9406,142218,564218,0950$60.06$3.79
Oct 20256,0706,161232,910232,5940$60.89$3.19
Sep 20256,1445,623241,458241,1075$63.96$2.97
Aug 20256,2646,425255,509255,3030$64.86$2.91
Jul 20256,4936,538253,657253,47711$68.39$3.20
Jun 20256,4976,573247,359246,9530$68.17$3.02
May 20256,9957,065250,330250,1620$62.17$3.12
Apr 20257,2936,933249,070248,5910$63.54$3.42
Mar 20257,4878,207256,587256,0635$68.24$4.12
Feb 20257,5147,317231,267230,7160$71.53$4.19
Jan 20259,0329,047258,347257,7521$75.74$4.13
Dec 20248,7078,579262,831262,1930$70.12$3.01
Nov 20248,0908,107251,643250,6460$69.95$2.12
Oct 20247,5877,226251,517250,6900$71.99$2.20
Sep 20248,2728,472268,008267,4030$70.24$2.28
Aug 20248,0478,260268,008267,4030$76.68$1.99
Jul 20248,4038,294264,800264,1800$81.80$2.07
Jun 20248,5798,401260,426259,7660$79.77$2.54
May 20249,2009,342269,158268,6660$80.02$2.12
Apr 20249,7819,754268,853268,3920$85.35$1.60
Mar 202410,98410,953268,378267,47855$81.28$1.49
Feb 202410,56710,636238,098233,0264,176$77.25$1.72
Jan 202412,14612,477255,225250,5773,684$74.15$3.18
Dec 202312,33812,336266,263264,4031,037$71.90$2.52
Nov 202313,19714,157264,307262,5531,080$77.69$2.71
Oct 202312,89712,289255,568254,562572$85.64$2.98
Sep 202311,86111,072258,939237,29420,921$89.43$2.64
Aug 202311,98911,863262,838225,34936,657$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

OperatorSem Operating Company LLCFieldLin (Wolfcamp)CountyIrion County

Sem Operating Company LLC in Irion County

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Lin (Wolfcamp) field

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