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Texas oil lease

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UNIVERSITY 40-B

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

3 wells

3,784bbl oil, last 12 months−8% vs prior year
Operator
Sem Operating Company LLC
County
Crockett County
Field
Lin (Wolfcamp)
RRC lease
7C-17943

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
294,392 mcf
Oil in Jul 2026
342 bbl

Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 40-B, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 3,784 bbl in the 12 months through Jul 2026, against 4,128 bbl in the 12 months before.Last 12 months: 3,784 bblbbl per monthmcf per month0020010k40020k60030k80040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 40-B, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 3,784 bbl in the 12 months through Jul 2026, against 4,128 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020010k40020k60030k80040kJan 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 15.5% of the gas in Sep 2023.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 40-B 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 15.5% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 15.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 40-B 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 15.5% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 15.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on UNIVERSITY 40-B
API numberWell no.Status
42-105-413891601HActive
42-105-413901603HActive
42-105-413911602HActive

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 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–
Cogent Midstream Westex, LLCCasinghead gasGathers33Feb 1, 2019Sep 1, 2024
Wtg South Permian Midstream LLCCasinghead gasGathers34May 1, 2021Sep 1, 2024
Cogent Midstream Westex, LLCCasinghead gasBuys33Feb 1, 2019Sep 1, 2024
Wtg South Permian Midstream LLCCasinghead gasBuys34May 1, 2021Sep 1, 2024
Dcp Operating Company, LPCasinghead gasGathers34Feb 1, 2019May 1, 2021
Wtg Gas Processing, L.p.Casinghead gasGathers33Feb 1, 2019May 1, 2021

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

Who buys my oilOil price check

634.70 acres on the newest permit

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Permits for University 40-B
API numberWell no.Acreson the permit
42-105-413901603H634.70
42-105-413911602H634.70
42-105-413891601H634.70

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

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36 months, newest first

Ledger for UNIVERSITY 40-B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202634232421,85621,8560$80.46$2.89
Jun 202637036624,66824,6680$84.81$3.15
May 202633331124,18924,1890$102.13$2.94
Apr 202630731524,98624,9860$100.32$2.77
Mar 202628726725,34325,3430$91.38$3.04
Feb 202627029622,85922,8590$64.51$3.62
Jan 202633933023,37623,3760$60.04$7.72
Dec 202538239124,71924,7190$57.97$4.26
Nov 202531831523,62623,6260$60.06$3.79
Oct 202529131026,82126,8210$60.89$3.19
Sep 202524919725,41925,4190$63.96$2.97
Aug 202529628826,53026,5300$64.86$2.91
Jul 202530633026,97426,9740$68.39$3.20
Jun 202527828624,97724,9770$68.17$3.02
May 202535335426,88226,8820$62.17$3.12
Apr 202535032124,34724,3470$63.54$3.42
Mar 202533838325,94925,9490$68.24$4.12
Feb 202534332822,88122,8810$71.53$4.19
Jan 202534732527,70327,7030$75.74$4.13
Dec 202439741028,42528,4250$70.12$3.01
Nov 202434433126,93326,9330$69.95$2.12
Oct 202437738127,71527,7150$71.99$2.20
Sep 202436337225,70825,7080$70.24$2.28
Aug 202433232425,70825,7080$76.68$1.99
Jul 202433833327,95727,9570$81.80$2.07
Jun 202433732127,24727,2470$79.77$2.54
May 202418617224,93924,9390$80.02$2.12
Apr 202430931926,46526,4650$85.35$1.60
Mar 202441142527,69527,6905$81.28$1.49
Feb 202437936724,97424,659315$77.25$1.72
Jan 202453253431,80031,434366$74.15$3.18
Dec 202345747429,58929,405184$71.90$2.52
Nov 202349747733,43933,260179$77.69$2.71
Oct 202323721033,81833,487331$85.64$2.98
Sep 2023878710,3018,7001,601$89.43$2.64
Aug 202313413912,72712,7216$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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