Skip to content
Royalty Clerk

Texas oil lease

Producing

UNIVERSITY 38-40 NCT1

University 38-40 Nct1 is an oil lease in Irion County, Texas, operated by Sem Operating Company LLC in the Lin (Wolfcamp) field.

Oil lease dossier

2,812bbl oil, since Apr 2026
Operator
Sem Operating Company LLC
County
Irion County
Field
Lin (Wolfcamp)
RRC lease
7C-23536

Is your check right?

Check my statement

Where it sits

This county

Irion CountyIrionTom GreenSchleicherSterlingGlasscockReaganCokeIrion County
Irion County
Gas, since Apr 2026
143,197 mcf
Oil in Jul 2026
679 bbl
First check

Production started April 2026; the first check is due by about August 28, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output over 4 reported months

  • Oil (bars)
  • Gas (line)
Oil output over 4 reported monthsMonthly oil production and gas for UNIVERSITY 38-40 NCT1, Apr 2026 to Jul 2026. Oil output over 4 reported months. Too few months reported to show a trend.bbl per monthmcf per month0025010k50020k75030k1,00040kOct 25Jan 26AprJul
Oil output over 4 reported monthsMonthly oil production and gas for UNIVERSITY 38-40 NCT1, Apr 2026 to Jul 2026. Oil output over 4 reported months. Too few months reported to show a trend.bbl per monthmcf per month0025010k50020k75030k1,00040kJan 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 4 months reported

  • Processing plant (3)
  • Lease fuel (1)
Over 99% of the gas went to a processing plant in the 4 months reportedShare of UNIVERSITY 38-40 NCT1 gas by disposition code each month, Apr 2026 to Jul 2026. Over 99% of the gas went to a processing plant in the 4 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 25Jan 26AprJul
Over 99% of the gas went to a processing plant in the 4 months reportedShare of UNIVERSITY 38-40 NCT1 gas by disposition code each month, Apr 2026 to Jul 2026. Over 99% of the gas went to a processing plant in the 4 months reported.Share of gas by disposition code0%50%100%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 142,692 mcf

  • Lease fuel (1)

    0.4% · 505 mcf

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Apr 6, 2026
Canes Midstream G&p LLCCasinghead gasBuys34Apr 6, 2026
Dcp Operating Company, LPCasinghead gasBuys33Apr 6, 2026
Et Gathering & Processing LLCCasinghead gasBuys33Apr 6, 2026
Canes Midstream G&p LLCCasinghead gasGathers34Apr 6, 2026
Dcp Operating Company, LPCasinghead gasGathers33Apr 6, 2026
Energy Transfer CompanyCasinghead gasGathers33Apr 6, 2026

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

Who buys my oilOil price check

4,610.05 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 38-40 Nct1
API numberWell no.Acreson the permit
42-235-361861712WB4,610.05
42-235-361821704WB4,610.05
42-235-361831705WC4,610.05

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

Unit decimal checker

Estimate your royalty

4 months, newest first

Ledger for UNIVERSITY 38-40 NCT1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202667969236,03535,7870$80.46$2.89
Jun 202663363535,48735,3220$84.81$3.15
May 202683180836,48236,3900$102.13$2.94
Apr 202666969535,19335,1930$100.32$2.77

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorSem Operating Company LLCFieldLin (Wolfcamp)CountyIrion County

Sem Operating Company LLC in Irion County

All Sem Operating Company LLC leases →

Lin (Wolfcamp) field

All leases in this field →

New drilling permits in Irion County

Newest in the county: this lease has no coordinates.