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Texas oil lease

Producing

UNIVERSITY 40

University 40 is an oil lease in Winkler County, Texas, operated by WPX Energy Permian, LLC in the Phantom (Wolfcamp) field.

1 well

1,030bbl oil, last 12 months−77% vs prior year
Operator
WPX Energy Permian, LLC
County
Winkler County
Field
Phantom (Wolfcamp)
RRC lease
08-53150

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
109 mcf
Oil in Jul 2026
7 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CARDINAL DELAWARE BASIN, LLC, DELAWARE BASIN MIDSTREAM LLC, ETC TEXAS P/L, LTD and 2 more replaced BRAZOS MIDSTREAM OPERATING, LLC as the buyer of this lease's gas from oil wells on Jul 21, 2025.

  • Sales

    No sales reported for the last 3 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 77% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 77% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 40, Aug 2023 to Jul 2026. Oil output fell 77% over the last 12 months. 1,030 bbl in the 12 months through Jul 2026, against 4,538 bbl in the 12 months before.Last 12 months: 1,030 bblbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 77% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 40, Aug 2023 to Jul 2026. Oil output fell 77% over the last 12 months. 1,030 bbl in the 12 months through Jul 2026, against 4,538 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002501,0005001,5007502,0001,0002,5001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2024 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 100.0% of the gas in Jul 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Oct 2024 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY 40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 100.0% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2024: fuel to plantFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2024 the lease's gas goes to a processing plant instead of lease fuelShare of UNIVERSITY 40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 100.0% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Oct 24: fuel to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    64% · 360 mcf

  • Lease fuel (1)

    22% · 125 mcf

  • Flared (4)

    14% · 80 mcf

14.2% of the gas flared in the last 12 months. 5 months above 3%.

1 well on this lease

Wells on UNIVERSITY 40
API numberWell no.Status
42-495-34355411HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Stateline Crude, LLCOilGathers60Jul 21, 2025–
Concord Crude Oil Marketing LLCOilGathers10Jul 21, 2025–
Ngl Crude Assets and Mktg, LLCOilGathers10Jul 21, 2025–
Plains Pipeline L.p.OilGathers10Jul 21, 2025–
Enterprise Crude Oil LLCOilGathers5Jul 21, 2025–
Shell Trading (Us) CompanyOilGathers5Jul 21, 2025–
Stateline Processing, LLCCasinghead gasBuys80Jul 21, 2025–
Cardinal Delaware Basin, LLCCasinghead gasBuys5Jul 21, 2025–
Delaware Basin Midstream LLCCasinghead gasBuys5Jul 21, 2025–
Etc Texas P/L, LTDCasinghead gasBuys5Jul 21, 2025–
Markwest Energy W TX Gas Co, LLCCasinghead gasBuys5Jul 21, 2025–
Stateline Gathering, LLCCasinghead gasGathers100Jul 21, 2025–
Brazos Midstream Operating, LLCCasinghead gasGathers100Dec 8, 2019Jul 21, 2025
Brazos Midstream Operating, LLCCasinghead gasBuys100Dec 8, 2019Jul 21, 2025
Oryx Delaware Oil Transport LLCOilGathers90Dec 8, 2019Jul 21, 2025
Plains Marketing, L.p.OilGathers10Dec 8, 2019Jul 21, 2025

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

Who buys my oilOil price check

320 acres on the newest permit

Check your decimal on this lease
Permits for University 40
API numberWell no.Acreson the permit
42-495-34355411H320

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

Unit decimal checker

What Devon Energy Corporation told investors it received

WPX Energy Permian, LLC is linked to Devon Energy Corporation (DVN).
Realized prices reported by Devon Energy Corporation
QuarterOil$ per bblFiling
Q2 2026$95.10SEC filing
Q1 2026$69.66SEC filing
Q4 2025$57.19SEC filing
Q3 2025$63.21SEC filing
Q2 2025$61.70SEC filing
Q1 2025$69.13SEC filing

SourceDevon Energy Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202670000$80.46$2.89
Jun 2026110000$84.81$3.15
May 2026110000$102.13$2.94
Apr 2026129245000$100.32$2.77
Mar 2026486628280$91.38$3.04
Feb 20268110100$64.51$3.62
Jan 202641671071$60.04$7.72
Dec 2025529000$57.97$4.26
Nov 20251353000$60.06$3.79
Oct 2025223181000$60.89$3.19
Sep 2025311201000$63.96$2.97
Aug 2025260491000$64.86$2.91
Jul 2025455253000$68.39$3.20
Jun 202538564410100$68.17$3.02
May 202557758332320$62.17$3.12
Apr 2025489452000$63.54$3.42
Mar 20253011841781780$68.24$4.12
Feb 20253641000$71.53$4.19
Jan 2025348319000$75.74$4.13
Dec 202420516412120$70.12$3.01
Nov 2024304248000$69.95$2.12
Oct 2024513673633$71.99$2.20
Sep 202440825123100$70.24$2.28
Aug 2024517649143650$76.68$1.99
Jul 2024586525202$81.80$2.07
Jun 2024205134000$79.77$2.54
May 202448338850124$80.02$2.12
Apr 20242689931061447$85.35$1.60
Mar 20241,4401,0741,0622820$81.28$1.49
Feb 20244742644342640$77.25$1.72
Jan 202400000$74.15$3.18
Dec 202334158112180$71.90$2.52
Nov 2023457520171900$77.69$2.71
Oct 2023510260156790$85.64$2.98
Sep 20237159921991093$89.43$2.64
Aug 20237937132711316$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

OperatorWPX Energy Permian, LLCFieldPhantom (Wolfcamp)CountyWinkler County

WPX Energy Permian, LLC in Winkler County

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Phantom (Wolfcamp) field

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