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Texas oil lease

Producing

UNIVERSITY "40"

University "40" is an oil lease in Andrews County, Texas, operated by Fasken Oil and Ranch, Ltd. in the McFarland (Queen) field.

1 well

608bbl oil, last 12 months−21% vs prior year
Operator
Fasken Oil and Ranch, Ltd.
County
Andrews County
Field
McFarland (Queen)
RRC lease
08-36120

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Oil in Jul 2026
24 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production for UNIVERSITY "40", Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 608 bbl in the 12 months through Jul 2026, against 770 bbl in the 12 months before.Last 12 months: 608 bblbbl per month0255075100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production for UNIVERSITY "40", Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 608 bbl in the 12 months through Jul 2026, against 770 bbl in the 12 months before.Last 12 monthsbbl per month0255075100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

1 well on this lease

Wells on UNIVERSITY "40"
API numberWell no.Status
42-003-385231Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Nov 1, 2019–
Dcp Operating Company, LPCasinghead gasGathers100Nov 1, 2019–
Sentinel Transportation, LLCOilGathers100Nov 21, 2019Jul 1, 2022
4J Energy, LLCOilGathers100Nov 1, 2019Nov 21, 2019
Sentinel Transportation, LLCOilGathers100Jan 1, 2004Nov 1, 2019

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

Who buys my oilOil price check

160 acres on the newest permit

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Permits for University "40"
API numberWell no.Acreson the permit
42-003-385231160

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

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36 months, newest first

Ledger for UNIVERSITY "40"
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 20262463$80.46$2.89
Jun 2026160$84.81$3.15
May 2026290$102.13$2.94
Apr 20263667$100.32$2.77
Mar 20266280$91.38$3.04
Feb 2026450$64.51$3.62
Jan 20264274$60.04$7.72
Dec 20255678$57.97$4.26
Nov 20257368$60.06$3.79
Oct 20256777$60.89$3.19
Sep 20257776$63.96$2.97
Aug 20258186$64.86$2.91
Jul 2025410$68.39$3.20
Jun 20255475$68.17$3.02
May 202579105$62.17$3.12
Apr 202588100$63.54$3.42
Mar 202595121$68.24$4.12
Feb 2025930$71.53$4.19
Jan 20257693$75.74$4.13
Dec 202473120$70.12$3.01
Nov 2024150$69.95$2.12
Oct 2024480$71.99$2.20
Sep 20246993$70.24$2.28
Aug 20243980$76.68$1.99
Jul 20245797$81.80$2.07
Jun 2024440$79.77$2.54
May 2024470$80.02$2.12
Apr 20246890$85.35$1.60
Mar 20247989$81.28$1.49
Feb 20248488$77.25$1.72
Jan 20246589$74.15$3.18
Dec 2023700$71.90$2.52
Nov 20236183$77.69$2.71
Oct 20237587$85.64$2.98
Sep 20234166$89.43$2.64
Aug 2023510$81.39$2.58

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

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This lease belongs to

OperatorFasken Oil and Ranch, Ltd.FieldMcFarland (Queen)CountyAndrews County

Fasken Oil and Ranch, Ltd. in Andrews County

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McFarland (Queen) field

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