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Texas oil lease

Producing

UNIVERSITY "49-7"

University "49-7" is an oil lease in Reagan County, Texas, operated by Extex Operating Company in the Block 49 (2450) field.

16 wells

2,693bbl oil, last 12 months−32% vs prior year
Operator
Extex Operating Company
County
Reagan County
Field
Block 49 (2450)
RRC lease
7C-07741

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
1,215 mcf
Oil in Jul 2026
167 bbl

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "49-7", Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 2,693 bbl in the 12 months through Jul 2026, against 3,949 bbl in the 12 months before.Last 12 months: 2,693 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "49-7", Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 2,693 bbl in the 12 months through Jul 2026, against 3,949 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 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.

  • Lease fuel (1)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of UNIVERSITY "49-7" 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 "49-7" 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. 33 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2021

Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2021; Extex Operating Company, Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Legacy Reserves Operating LPJan 2020 to Jan 2021Extex Operating CompanyFeb 2021 to now
Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2021; Extex Operating Company, Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Legacy Reserves Operating LPJan 2020 to Jan 2021Extex Operating CompanyFeb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

16 wells on this lease

Wells on UNIVERSITY "49-7"
API numberWell no.Status
42-383-313301Active
42-383-339802Active
42-383-339883Active
42-383-340064Active
42-383-340225Active
42-383-340457Active
42-383-340486Active
42-383-340859Active
42-383-340868Active
42-383-3409511Active
42-383-3409612Active
42-383-3409710Active
42-383-3413013Active
42-383-3413114Active
42-383-3413216Active
42-383-3413315Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oasis Transp & Marketing Corp.OilGathers100May 1, 2026–
Davis Gas Processing, Inc.Casinghead gasGathers100Sep 1, 2008May 1, 2026
Davis Gas Processing, Inc.Casinghead gasBuys100Sep 1, 2008May 1, 2026
Plains Marketing, L.p.OilGathers100Sep 1, 2008May 1, 2026

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

Who buys my oilOil price check

333.10 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 333 and 333.1 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    16 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 "49-7"
API numberWell no.Acreson the permit
42-383-3413114333.10
42-383-3413216333.10
42-383-3413013333.10
42-383-3413315333.10
42-383-3409511333.10
42-383-3409612333.10
42-383-3409710333.10
42-383-340859333.10
42-383-340868333.10
42-383-340486333.10
42-383-340457333.10
42-383-340225333.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY "49-7"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Extex Operating1670000$80.46$2.89
Jun 2026Extex Operating206347000$84.81$3.15
May 2026Extex Operating27916215015$102.13$2.94
Apr 2026Extex Operating18917986086$100.32$2.77
Mar 2026Extex Operating20437187087$91.38$3.04
Feb 2026Extex Operating36717385085$64.51$3.62
Jan 2026Extex Operating501731670167$60.04$7.72
Dec 2025Extex Operating2171871630163$57.97$4.26
Nov 2025Extex Operating2301801500150$60.06$3.79
Oct 2025Extex Operating2523431560156$60.89$3.19
Sep 2025Extex Operating2561811500150$63.96$2.97
Aug 2025Extex Operating2765091560156$64.86$2.91
Jul 2025Extex Operating2771731630163$68.39$3.20
Jun 2025Extex Operating2801811530153$68.17$3.02
May 2025Extex Operating3113561690169$62.17$3.12
Apr 2025Extex Operating3013611610161$63.54$3.42
Mar 2025Extex Operating3231821670167$68.24$4.12
Feb 2025Extex Operating3223491440144$71.53$4.19
Jan 2025Extex Operating3693591600160$75.74$4.13
Dec 2024Extex Operating3483711440144$70.12$3.01
Nov 2024Extex Operating3383541090109$69.95$2.12
Oct 2024Extex Operating41334789089$71.99$2.20
Sep 2024Extex Operating27934584084$70.24$2.28
Aug 2024Extex Operating3883411280128$76.68$1.99
Jul 2024Extex Operating4345191300130$81.80$2.07
Jun 2024Extex Operating29334693093$79.77$2.54
May 2024Extex Operating29917494094$80.02$2.12
Apr 2024Extex Operating40952187087$85.35$1.60
Mar 2024Extex Operating3903431,25100$81.28$1.49
Feb 2024Extex Operating3373611,17501,175$77.25$1.72
Jan 2024Extex Operating4123601,31101,311$74.15$3.18
Dec 2023Extex Operating4053561,34001,340$71.90$2.52
Nov 2023Extex Operating4166991,31001,310$77.69$2.71
Oct 2023Extex Operating4221811,30901,309$85.64$2.98
Sep 2023Extex Operating4193461,40401,404$89.43$2.64
Aug 2023Extex Operating2395281,22101,221$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

OperatorExtex Operating CompanyFieldBlock 49 (2450)CountyReagan County

Extex Operating Company in Reagan County

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Block 49 (2450) field

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