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Texas oil lease

Producing

UNIVERSITY "49-6"

University "49-6" is an oil lease in Reagan County, Texas, operated by L & M Operating, Inc. in the Price (Grayburg) field.

10 wells

3,540bbl oil, last 12 months+10% vs prior year
Operator
L & M Operating, Inc.
County
Reagan County
Field
Price (Grayburg)
RRC lease
7C-11369

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
3,473 mcf
Oil in Jul 2026
218 bbl

Production by month

Oil output rose 10% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 10% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "49-6", Aug 2023 to Jul 2026. Oil output rose 10% over the last 12 months. 3,540 bbl in the 12 months through Jul 2026, against 3,209 bbl in the 12 months before.Last 12 months: 3,540 bblbbl per monthmcf per month00100100200200300300400400500500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 10% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "49-6", Aug 2023 to Jul 2026. Oil output rose 10% over the last 12 months. 3,540 bbl in the 12 months through Jul 2026, against 3,209 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400500500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of UNIVERSITY "49-6" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of UNIVERSITY "49-6" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 36 months above 3%.

10 wells on this lease

Wells on UNIVERSITY "49-6"
API numberWell no.Status
42-383-334212Active
42-383-334221Active
42-383-334983Active
42-383-334994Active
42-383-335886Active
42-383-335897Active
42-383-335905Active
42-383-336038Active
42-383-342179Active
42-383-3585310Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasBuys100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasGathers100Jan 1, 2011

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

Who buys my oilOil price check

313.05 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 300 and 313.05 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    10 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for University "49-6"
API numberWell no.Acreson the permit
42-383-3585310313.05
42-383-342179300
42-383-336038313
42-383-335886313
42-383-335897313
42-383-335905313
42-383-334983313
42-383-334994313
42-383-334212313
42-383-334221313

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

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY "49-6"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262181672920292$80.46$2.89
Jun 20261881672910291$84.81$3.15
May 20262883272920292$102.13$2.94
Apr 20263203302910291$100.32$2.77
Mar 20264153332920292$91.38$3.04
Feb 20263193332900290$64.51$3.62
Jan 20263433362890289$60.04$7.72
Dec 20253143332950295$57.97$4.26
Nov 20251813312900290$60.06$3.79
Oct 20252911662800280$60.89$3.19
Sep 20252993302700270$63.96$2.97
Aug 20253643303010301$64.86$2.91
Jul 20252523252980298$68.39$3.20
Jun 20253223313150315$68.17$3.02
May 20252931663100310$62.17$3.12
Apr 20252153302250225$63.54$3.42
Mar 20252933323400340$68.24$4.12
Feb 20253153333600360$71.53$4.19
Jan 20252221672750275$75.74$4.13
Dec 20242433353110311$70.12$3.01
Nov 20242621652150215$69.95$2.12
Oct 20243003293600360$71.99$2.20
Sep 20242653312740274$70.24$2.28
Aug 20242271652100210$76.68$1.99
Jul 20243071652000200$81.80$2.07
Jun 20241643282150215$79.77$2.54
May 20242001652110211$80.02$2.12
Apr 20242643322110211$85.35$1.60
Mar 20242521673100310$81.28$1.49
Feb 20242423371900190$77.25$1.72
Jan 20243423303000300$74.15$3.18
Dec 20233263253450345$71.90$2.52
Nov 20232481803200320$77.69$2.71
Oct 20233733413580358$85.64$2.98
Sep 20233433523480348$89.43$2.64
Aug 20233353433500350$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

OperatorL & M Operating, Inc.FieldPrice (Grayburg)CountyReagan County

L & M Operating, Inc. in Reagan County

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Price (Grayburg) field

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