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Texas oil lease

Producing

UNIVERSITY 48-11

University 48-11 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

Oil lease dossier

5,512bbl oil, last 12 months−13% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-20640

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
116,955 mcf
Oil in Jul 2026
483 bbl

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 48-11, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 5,512 bbl in the 12 months through Jul 2026, against 6,337 bbl in the 12 months before.Last 12 months: 5,512 bblbbl per monthmcf per month002005,00040010k60015k80020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 48-11, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 5,512 bbl in the 12 months through Jul 2026, against 6,337 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020kJan 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 36.5% 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 48-11 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 36.5% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 36.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 48-11 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 36.5% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 36.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    82% · 96,400 mcf

  • Lease fuel (1)

    15% · 17,356 mcf

  • Flared (4)

    2.7% · 3,199 mcf

2.7% of the gas flared in the last 12 months. 2 months 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
Plains Marketing, L.p.OilGathers100Jun 1, 2022–
Canes Midstream Logistics LLCCasinghead gasBuys100May 30, 2024–
Canes Midstream Logistics LLCCasinghead gasGathers100May 30, 2024–
Cogent Midstream Logistics, LLCCasinghead gasGathers50Mar 1, 2020Nov 1, 2023
Wtg Gas Processing, L.p.Casinghead gasGathers50Mar 1, 2020Nov 1, 2023
Cogent Midstream Logistics, LLCCasinghead gasBuys50Mar 1, 2020Nov 1, 2023
Wtg Gas Processing, L.p.Casinghead gasBuys50Mar 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

674 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 337 and 674 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 48-11
API numberWell no.Acreson the permit
42-383-387324H674
42-383-387333H674
42-383-386441H337
42-383-386452H337

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 48-11
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources48341211,0499,3800$80.46$2.89
Jun 2026Permian Resources68551217,76116,21537$84.81$3.15
May 2026Permian Resources181134,3593,1021,113$102.13$2.94
Apr 2026Permian Resources2313975,6082,6962,048$100.32$2.77
Mar 2026Permian Resources51446410,9449,3130$91.38$3.04
Feb 2026Permian Resources5084769,2877,7560$64.51$3.62
Jan 2026Permian Resources5646009,8978,2051$60.04$7.72
Dec 2025Permian Resources6326829,2567,5560$57.97$4.26
Nov 2025Permian Resources44133910,1778,5380$60.06$3.79
Oct 2025Permian Resources4175618,0836,3830$60.89$3.19
Sep 2025Permian Resources51038410,4238,8390$63.96$2.97
Aug 2025Permian Resources50946910,1118,4170$64.86$2.91
Jul 2025Permian Resources54357310,4608,8670$68.39$3.20
Jun 2025Permian Resources52953510,0248,5243$68.17$3.02
May 2025Permian Resources48151610,7779,6160$62.17$3.12
Apr 2025Permian Resources49553610,2479,0860$63.54$3.42
Mar 2025Permian Resources59564112,76711,2040$68.24$4.12
Feb 2025Permian Resources5075849,9928,5982$71.53$4.19
Jan 2025Permian Resources64847713,34811,7534$75.74$4.13
Dec 2024Permian Resources52758510,0588,4250$70.12$3.01
Nov 2024Permian Resources4863837,3507,3500$69.95$2.12
Oct 2024Permian Resources4955339,6269,6260$71.99$2.20
Sep 2024Permian Resources4505999,1319,1310$70.24$2.28
Aug 2024Permian Resources58147110,83810,8353$76.68$1.99
Jul 2024Permian Resources62659111,98511,9850$81.80$2.07
Jun 2024Permian Resources3794099,2119,2110$79.77$2.54
May 2024Permian Resources5906219,8999,8990$80.02$2.12
Apr 2024Permian Resources6237338,9938,98013$85.35$1.60
Mar 2024Permian Resources6995289,6269,6242$81.28$1.49
Feb 2024Permian Resources6097868,5678,54720$77.25$1.72
Jan 2024Permian Resources6406098,6888,6880$74.15$3.18
Dec 2023Permian Resources6676447,5917,5910$71.90$2.52
Nov 2023Permian Resources6456149,7709,7700$77.69$2.71
Oct 2023Earthstone Operating,6606279,3649,3640$85.64$2.98
Sep 2023Earthstone Operating,6656358,8858,8814$89.43$2.64
Aug 2023Earthstone Operating,5897069,7769,73838$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)CountyReagan County

Permian Resources Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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