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Texas oil lease

Producing

UNIVERSITY 38

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

8 wells

19,377bbl oil, last 12 months−19% vs prior year
Operator
Sem Operating Company LLC
County
Crockett County
Field
Lin (Wolfcamp)
RRC lease
7C-17667

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
846,268 mcf
Oil in Jul 2026
1,379 bbl

Production by month

Oil output fell 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 19,377 bbl in the 12 months through Jul 2026, against 23,941 bbl in the 12 months before.Last 12 months: 19,377 bblbbl per monthmcf per month001,00025k2,00050k3,00075k4,000100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 38, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 19,377 bbl in the 12 months through Jul 2026, against 23,941 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00025k2,00050k3,00075k4,000100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

Flaring peaked at 15.8% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 38 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 15.8% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 15.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 38 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 15.8% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 15.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 846,255 mcf

  • Flared (4)

    0.0% · 13 mcf

8 wells on this lease

Wells on UNIVERSITY 38
API numberWell no.Status
42-105-412310701HActive
42-105-413030601HActive
42-105-413920604HActive
42-105-413930605HActive
42-105-413940606HActive
42-105-413960602HActive
42-105-413970603HActive
42-235-364370303WCShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Feb 1, 2019–
Canes Midstream G&p LLCCasinghead gasBuys34Sep 1, 2024–
Dcp Operating Company, LPCasinghead gasBuys33May 1, 2021–
Et Gathering & Processing LLCCasinghead gasBuys33Sep 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers34Sep 1, 2024–
Dcp Operating Company, LPCasinghead gasGathers33May 1, 2021–
Energy Transfer CompanyCasinghead gasGathers33Sep 1, 2024–
Canes Midstream G&p LLCCasinghead gasGathers33Oct 11, 2023Sep 1, 2024
Wtg South Permian Midstream LLCCasinghead gasGathers34May 1, 2021Sep 1, 2024
Canes Midstream G&p LLCCasinghead gasBuys33Oct 11, 2023Sep 1, 2024
Wtg South Permian Midstream LLCCasinghead gasBuys34May 1, 2021Sep 1, 2024
Cogent Midstream Westex, LLCCasinghead gasGathers33May 1, 2021Oct 11, 2023
Cogent Midstream Westex, LLCCasinghead gasBuys33May 1, 2021Oct 11, 2023

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

Who buys my oilOil price check

2,177.99 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 2,177.99 and 7,918.1 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    9 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.

Check your decimal on this lease
Permits for University 38
API numberWell no.Acreson the permit
42-235-364370303WB2,177.99
42-235-364370303WC2,177.99
42-105-413920604H7,918.10
42-105-413930605H7,918.10
42-105-413940606H7,918.10
42-105-413960602H7,918.10
42-105-413970603H7,918.10
42-105-413030601H7,918.10
42-105-412310701H7,918.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,3791,60869,02169,00813$80.46$2.89
Jun 20261,3821,45167,77567,7750$84.81$3.15
May 20261,5631,57869,43969,4390$102.13$2.94
Apr 20261,5341,47867,59367,5930$100.32$2.77
Mar 20261,5451,49471,55771,5570$91.38$3.04
Feb 20261,5211,54964,37064,3700$64.51$3.62
Jan 20261,8601,82970,22170,2210$60.04$7.72
Dec 20252,1052,02872,88672,8860$57.97$4.26
Nov 20251,6221,70869,37569,3750$60.06$3.79
Oct 20251,6461,75373,52973,5290$60.89$3.19
Sep 20251,5701,41273,02973,0290$63.96$2.97
Aug 20251,6501,55777,47377,4730$64.86$2.91
Jul 20251,7421,85976,32576,3250$68.39$3.20
Jun 20251,6791,75374,08574,0850$68.17$3.02
May 20251,7361,57076,14376,1430$62.17$3.12
Apr 20251,7171,61974,11374,1130$63.54$3.42
Mar 20251,8772,21977,90877,9080$68.24$4.12
Feb 20251,9751,71071,38071,3800$71.53$4.19
Jan 20252,3282,34878,08478,0840$75.74$4.13
Dec 20242,2842,72978,35978,3590$70.12$3.01
Nov 20242,2111,81575,73575,7350$69.95$2.12
Oct 20242,1582,04281,70681,7060$71.99$2.20
Sep 20242,1572,22177,76077,7600$70.24$2.28
Aug 20242,0772,04777,76077,7600$76.68$1.99
Jul 20242,0972,26179,09379,0930$81.80$2.07
Jun 20242,1072,04778,09378,0930$79.77$2.54
May 20242,1222,07777,55077,5500$80.02$2.12
Apr 20242,3462,50577,48377,4830$85.35$1.60
Mar 20242,8082,97179,96079,94713$81.28$1.49
Feb 20242,7232,54272,16971,395774$77.25$1.72
Jan 20242,8992,97378,93078,3690$74.15$3.18
Dec 20232,8532,94281,95481,769185$71.90$2.52
Nov 20232,7863,22381,06880,895173$77.69$2.71
Oct 20233,1232,83791,16490,981183$85.64$2.98
Sep 20232,1782,00065,31858,5636,755$89.43$2.64
Aug 20232,5222,14071,57060,28511,285$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)CountyCrockett County

Sem Operating Company LLC in Crockett County

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Lin (Wolfcamp) field

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