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Texas oil lease

Producing

UNIVERSITY 48-25

University 48-25 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

Oil lease dossier

3,093bbl oil, last 12 months−20% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-20646

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
50,195 mcf
Oil in Jul 2026
248 bbl

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 48-25, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 3,093 bbl in the 12 months through Jul 2026, against 3,864 bbl in the 12 months before.Last 12 months: 3,093 bblbbl per monthmcf per month001002,0002004,0003006,0004008,00050010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 48-25, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 3,093 bbl in the 12 months through Jul 2026, against 3,864 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002,0002004,0003006,0004008,00050010kJan 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 44.6% 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 48-25 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 44.6% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 44.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 48-25 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 44.6% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 44.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    90% · 44,953 mcf

  • Lease fuel (1)

    7.6% · 3,795 mcf

  • Flared (4)

    2.9% · 1,447 mcf

2.9% of the gas flared in the last 12 months. 4 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 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

247.13 acres on the newest permit

Check your decimal on this lease
Permits for University 48-25
API numberWell no.Acreson the permit
42-383-386591H247.13

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 48-25
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources2481813,3953,04125$80.46$2.89
Jun 2026Permian Resources3913586,0735,7320$84.81$3.15
May 2026Permian Resources601,4171,33750$102.13$2.94
Apr 2026Permian Resources1221842,1801,003973$100.32$2.77
Mar 2026Permian Resources2711864,2153,77568$91.38$3.04
Feb 2026Permian Resources2455534,1203,7840$64.51$3.62
Jan 2026Permian Resources31004,9774,274331$60.04$7.72
Dec 2025Permian Resources3003614,6424,2700$57.97$4.26
Nov 2025Permian Resources2941824,3754,0190$60.06$3.79
Oct 2025Permian Resources2943694,5954,2440$60.89$3.19
Sep 2025Permian Resources3063694,7824,4220$63.96$2.97
Aug 2025Permian Resources3063655,4245,0520$64.86$2.91
Jul 2025Permian Resources3091805,1974,8250$68.39$3.20
Jun 2025Permian Resources3133635,1204,7600$68.17$3.02
May 2025Permian Resources3253676,2255,8890$62.17$3.12
Apr 2025Permian Resources4053415,2274,9910$63.54$3.42
Mar 2025Permian Resources3505442,6402,3030$68.24$4.12
Feb 2025Permian Resources2991631,9081,6053$71.53$4.19
Jan 2025Permian Resources2711871,7851,4410$75.74$4.13
Dec 2024Permian Resources2883672,3511,9901$70.12$3.01
Nov 2024Permian Resources2873592,0082,0080$69.95$2.12
Oct 2024Permian Resources3141802,2082,2080$71.99$2.20
Sep 2024Permian Resources3103682,6062,6060$70.24$2.28
Aug 2024Permian Resources3931792,8002,7991$76.68$1.99
Jul 2024Permian Resources2535462,9962,9942$81.80$2.07
Jun 2024Permian Resources4023613,0873,0870$79.77$2.54
May 2024Permian Resources2671812,3802,35426$80.02$2.12
Apr 2024Permian Resources2783612,6842,6840$85.35$1.60
Mar 2024Permian Resources3243652,8962,8960$81.28$1.49
Feb 2024Permian Resources3431852,4722,4720$77.25$1.72
Jan 2024Permian Resources3463652,4542,4540$74.15$3.18
Dec 2023Permian Resources3915592,7442,7440$71.90$2.52
Nov 2023Permian Resources3571812,5872,5870$77.69$2.71
Oct 2023Earthstone Operating,3603722,9032,9021$85.64$2.98
Sep 2023Earthstone Operating,3623652,6592,6545$89.43$2.64
Aug 2023Earthstone Operating,3553632,3272,131196$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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New drilling permits in Reagan County

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