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Texas oil lease

Producing

UNIVERSITY -45-

University -45- is an oil lease in Andrews County, Texas, operated by Crescent Energy Operating, LLC in the Cowden, North field.

1 well

261bbl oil, last 12 months+14% vs prior year
RRC lease
08-26292

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Where it sits

This county

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

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Contango Resources, LLC in Nov 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 1, 2026 (last P-5 filed Feb 20, 2025).

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

See why checks stop on this lease

Production by month

Oil output rose 14% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output rose 14% over the last 12 monthsMonthly oil production for UNIVERSITY -45-, Aug 2023 to Jul 2026. Oil output rose 14% over the last 12 months. 261 bbl in the 12 months through Jul 2026, against 228 bbl in the 12 months before.Last 12 months: 261 bblbbl per month010203040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 14% over the last 12 monthsMonthly oil production for UNIVERSITY -45-, Aug 2023 to Jul 2026. Oil output rose 14% over the last 12 months. 261 bbl in the 12 months through Jul 2026, against 228 bbl in the 12 months before.Last 12 monthsbbl per month010203040Jan 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.

Who has run this lease

The operator changed 4 times, most recently in Nov 2025

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Nov 2021; Contango Resources, Inc., Dec 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Oct 2025; Crescent Energy Operating, LLC, Nov 2025 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Dec 2021Changed Jan 2022Changed Nov 2025Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Nov 2021Contango Resources, Inc.Dec 2021 to Dec 2021Contango Resources, LLCJan 2022 to Oct 2025Crescent Energy Operating, LLCNov 2025 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Nov 2021; Contango Resources, Inc., Dec 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Oct 2025; Crescent Energy Operating, LLC, Nov 2025 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Dec 2021Changed Jan 2022Changed Nov 2025Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Nov 2021Contango Resources, Inc.Dec 2021 to Dec 2021Contango Resources, LLCJan 2022 to Oct 2025Crescent Energy Operating, LLCNov 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY -45-
API numberWell no.Status
42-003-323861Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100May 1, 2024–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Hollyfrontier Ref & Mktg LLCOilGathers100Aug 1, 2020May 1, 2024
Enterprise Crude Oil LLCOilGathers100Feb 26, 2013Aug 1, 2020

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

160 acres on the newest permit

Permits for University -45-
API numberWell no.Acreson the permit
42-003-323861160

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

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -45-
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026Crescent Energy210$80.46$2.89
Jun 2026Crescent Energy25111$84.81$3.15
May 2026Crescent Energy300$102.13$2.94
Apr 2026Crescent Energy230$100.32$2.77
Mar 2026Crescent Energy160$91.38$3.04
Feb 2026Crescent Energy190$64.51$3.62
Jan 2026Crescent Energy80$60.04$7.72
Dec 2025Crescent Energy28140$57.97$4.26
Nov 2025Crescent Energy180$60.06$3.79
Oct 2025Contango Resources,250$60.89$3.19
Sep 2025Contango Resources,220$63.96$2.97
Aug 2025Contango Resources,260$64.86$2.91
Jul 2025Contango Resources,230$68.39$3.20
Jun 2025Contango Resources,36138$68.17$3.02
May 2025Contango Resources,180$62.17$3.12
Apr 2025Contango Resources,210$63.54$3.42
Mar 2025Contango Resources,170$68.24$4.12
Feb 2025Contango Resources,150$71.53$4.19
Jan 2025Contango Resources,170$75.74$4.13
Dec 2024Contango Resources,19103$70.12$3.01
Nov 2024Contango Resources,200$69.95$2.12
Oct 2024Contango Resources,180$71.99$2.20
Sep 2024Contango Resources,150$70.24$2.28
Aug 2024Contango Resources,90$76.68$1.99
Jul 2024Contango Resources,130$81.80$2.07
Jun 2024Contango Resources,2773$79.77$2.54
May 2024Contango Resources,250$80.02$2.12
Apr 2024Contango Resources,280$85.35$1.60
Mar 2024Contango Resources,34144$81.28$1.49
Feb 2024Contango Resources,300$77.25$1.72
Jan 2024Contango Resources,270$74.15$3.18
Dec 2023Contango Resources,320$71.90$2.52
Nov 2023Contango Resources,260$77.69$2.71
Oct 2023Contango Resources,29149$85.64$2.98
Sep 2023Contango Resources,270$89.43$2.64
Aug 2023Contango Resources,260$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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Crescent Energy Operating, LLC in Andrews County

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