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Texas oil lease

Producing

UNIVERSITY 48A

University 48A is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Lin (Wolfcamp) field.

1 well

6,871bbl oil, last 12 months−5% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Lin (Wolfcamp)
RRC lease
7C-18600

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
38,938 mcf
Oil in Jul 2026
510 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CANES MIDSTREAM G&P LLC replaced DCP OPERATING COMPANY, LP as the buyer of this lease's gas from oil wells on Apr 1, 2026.

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

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Production by month

Oil output fell 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 48A, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 6,871 bbl in the 12 months through Jul 2026, against 7,206 bbl in the 12 months before.Last 12 months: 6,871 bblbbl per monthmcf per month002002,0004004,0006006,0008008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 48A, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 6,871 bbl in the 12 months through Jul 2026, against 7,206 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 80.1% of the gas in Sep 2023.

  • 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 48A 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 80.1% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 80.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 48A 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 80.1% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 80.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    83% · 32,463 mcf

  • Lease fuel (1)

    13% · 5,239 mcf

  • Flared (4)

    3.2% · 1,236 mcf

3.2% of the gas flared in the last 12 months. 10 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, Jan 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 20262020202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCJan 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, Jan 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 20262020202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCJan 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.

1 well on this lease

Wells on UNIVERSITY 48A
API numberWell no.Status
42-383-386051501HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Apr 1, 2026–
Canes Midstream G&p LLCCasinghead gasBuys100Apr 1, 2026–
Canes Midstream G&p LLCCasinghead gasGathers100Apr 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Apr 1, 2026
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Apr 1, 2026
Plains Marketing, L.p.OilGathers100Nov 1, 2023Apr 1, 2026
Medallion Operating Company, LLCOilGathers100Mar 1, 2016Nov 1, 2023

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

Who buys my oilOil price check

334.74 acres on the newest permit

Check your decimal on this lease
Permits for University 48A
API numberWell no.Acreson the permit
42-383-386051501H334.74

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

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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 48A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources5105393,4002,9350$80.46$2.89
Jun 2026Permian Resources5685402,8102,3710$84.81$3.15
May 2026Permian Resources5605412,7462,3470$102.13$2.94
Apr 2026Permian Resources6487233,0781,906747$100.32$2.77
Mar 2026Permian Resources6025413,2662,8150$91.38$3.04
Feb 2026Permian Resources5645443,1282,7200$64.51$3.62
Jan 2026Permian Resources5405513,8082,908480$60.04$7.72
Dec 2025Permian Resources6157312,7602,2950$57.97$4.26
Nov 2025Permian Resources6045462,7672,3290$60.06$3.79
Oct 2025Permian Resources5815433,0872,6410$60.89$3.19
Sep 2025Permian Resources5195374,3443,9019$63.96$2.97
Aug 2025Permian Resources5605363,7443,2950$64.86$2.91
Jul 2025Permian Resources5795413,9153,335127$68.39$3.20
Jun 2025Permian Resources5617253,6953,2450$68.17$3.02
May 2025Permian Resources5683653,8603,4600$62.17$3.12
Apr 2025Permian Resources5965583,3222,8870$63.54$3.42
Mar 2025Permian Resources6197143,9563,5500$68.24$4.12
Feb 2025Permian Resources5175363,1422,8090$71.53$4.19
Jan 2025Permian Resources6585743,7133,2720$75.74$4.13
Dec 2024Permian Resources6777314,4974,4970$70.12$3.01
Nov 2024Permian Resources6255803,6043,6040$69.95$2.12
Oct 2024Permian Resources5917743,5773,5752$71.99$2.20
Sep 2024Permian Resources6145703,4473,4425$70.24$2.28
Aug 2024Permian Resources6015613,1733,10568$76.68$1.99
Jul 2024Permian Resources6715564,1794,066113$81.80$2.07
Jun 2024Permian Resources6045576,3506,241109$79.77$2.54
May 2024Permian Resources5917483,4083,091317$80.02$2.12
Apr 2024Permian Resources6117643,1942,948246$85.35$1.60
Mar 2024Permian Resources6865765,0264,851175$81.28$1.49
Feb 2024Permian Resources6485794,3154,205110$77.25$1.72
Jan 2024Permian Resources6605784,9534,286667$74.15$3.18
Dec 2023Permian Resources6195734,6664,64224$71.90$2.52
Nov 2023Permian Resources7149235,0445,0440$77.69$2.71
Oct 2023Earthstone Operating,6575666,6974,2272,470$85.64$2.98
Sep 2023Earthstone Operating,6487504,8899743,915$89.43$2.64
Aug 2023Earthstone Operating,5935594,4284,129299$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, LLCFieldLin (Wolfcamp)CountyReagan County

Permian Resources Operating, LLC in Reagan County

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Lin (Wolfcamp) field

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