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Texas oil lease

Producing

UNIVERSITY 47-23

University 47-23 is an oil lease in Crockett County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

Oil lease dossier

6,196bbl oil, last 12 months−9% vs prior year
Operator
Permian Resources Operating, LLC
County
Crockett County
Field
Spraberry (Trend Area)
RRC lease
7C-20633

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
65,702 mcf
Oil in Jul 2026
502 bbl

Production by month

Oil output fell 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 47-23, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 6,196 bbl in the 12 months through Jul 2026, against 6,809 bbl in the 12 months before.Last 12 months: 6,196 bblbbl per monthmcf per month002002,0004004,0006006,0008008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 47-23, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 6,196 bbl in the 12 months through Jul 2026, against 6,809 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002,0004004,0006006,0008008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 21.2% of the gas in Apr 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 47-23 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 21.2% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 21.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 47-23 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 21.2% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 21.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    88% · 57,749 mcf

  • Lease fuel (1)

    11% · 6,998 mcf

  • Flared (4)

    1.5% · 955 mcf

1.5% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed 3 times, most recently in Nov 2023

Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating,…Nov 2023 to now
Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating, LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Mv Purchasing, LLCOilGathers100Jun 1, 2022–
Canes Midstream Logistics LLCCasinghead gasBuys100May 24, 2024–
Canes Midstream Logistics LLCCasinghead gasGathers100May 24, 2024–
Cogent Midstream Logistics, LLCCasinghead gasGathers100Mar 1, 2020Nov 1, 2023
Cogent Midstream Logistics, LLCCasinghead gasBuys100Mar 1, 2020Nov 1, 2023
Shell Trading (Us) CompanyOilGathers100Mar 1, 2020Jun 1, 2022

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

Who buys my oilOil price check

359.75 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 359.75 and 723.7 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for University 47-23
API numberWell no.Acreson the permit
42-105-419661H723.70
42-105-419702H723.70
42-105-419713H359.75

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

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 47-23
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources5027295,9675,3620$80.46$2.89
Jun 2026Permian Resources6663616,9216,3280$84.81$3.15
May 2026Permian Resources2893413,2032,8790$102.13$2.94
Apr 2026Permian Resources4445554,5152,968955$100.32$2.77
Mar 2026Permian Resources5685325,5334,9510$91.38$3.04
Feb 2026Permian Resources4303634,6784,1320$64.51$3.62
Jan 2026Permian Resources5065765,5114,9510$60.04$7.72
Dec 2025Permian Resources5885576,1525,4860$57.97$4.26
Nov 2025Permian Resources5615696,2385,5970$60.06$3.79
Oct 2025Permian Resources5525956,0635,4290$60.89$3.19
Sep 2025Permian Resources5295735,2384,6430$63.96$2.97
Aug 2025Permian Resources5613845,6835,0230$64.86$2.91
Jul 2025Permian Resources5665615,8505,1700$68.39$3.20
Jun 2025Permian Resources5325395,4624,8350$68.17$3.02
May 2025Permian Resources5155575,2285,2280$62.17$3.12
Apr 2025Permian Resources5145645,3615,3610$63.54$3.42
Mar 2025Permian Resources5817475,6715,6710$68.24$4.12
Feb 2025Permian Resources5143664,6624,6620$71.53$4.19
Jan 2025Permian Resources6025765,6475,6470$75.74$4.13
Dec 2024Permian Resources6156915,9045,9040$70.12$3.01
Nov 2024Permian Resources5745565,5655,5650$69.95$2.12
Oct 2024Permian Resources5877185,9555,9550$71.99$2.20
Sep 2024Permian Resources5765355,7585,7580$70.24$2.28
Aug 2024Permian Resources6335296,1706,1700$76.68$1.99
Jul 2024Permian Resources5425576,3716,3710$81.80$2.07
Jun 2024Permian Resources5665295,9785,9780$79.77$2.54
May 2024Permian Resources6467246,3966,3960$80.02$2.12
Apr 2024Permian Resources5975166,2526,2520$85.35$1.60
Mar 2024Permian Resources6567455,6525,6520$81.28$1.49
Feb 2024Permian Resources5975475,1055,1050$77.25$1.72
Jan 2024Permian Resources6547114,1364,1360$74.15$3.18
Dec 2023Permian Resources6627545,2505,2500$71.90$2.52
Nov 2023Permian Resources5955642,7842,7840$77.69$2.71
Oct 2023Earthstone Operating,6283874,2194,2190$85.64$2.98
Sep 2023Earthstone Operating,5477504,7584,7580$89.43$2.64
Aug 2023Earthstone Operating,6215775,6235,6230$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

OperatorPermian Resources Operating, LLCFieldSpraberry (Trend Area)CountyCrockett County

Permian Resources Operating, LLC in Crockett County

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Spraberry (Trend Area) field

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