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Texas oil lease

Producing

UNIVERSITY 5-35 N3

University 5-35 N3 is an oil lease in Andrews County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

1 well

37,436bbl oil, last 12 months+16% vs prior year
Operator
Ovintiv USA Inc.
County
Andrews County
Field
Spraberry (Trend Area)
RRC lease
08-65202

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
47,422 mcf
Oil in Jul 2026
4,365 bbl

Production by month

Oil output rose 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 16% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-35 N3, Jun 2024 to Jul 2026. Oil output rose 16% over the last 12 months. 37,436 bbl in the 12 months through Jul 2026, against 32,368 bbl in the 12 months before.Last 12 months: 37,436 bblbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Jul 24OctJan 25AprJulOctJan 26AprJul
Oil output rose 16% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-35 N3, Jun 2024 to Jul 2026. Oil output rose 16% over the last 12 months. 37,436 bbl in the 12 months through Jul 2026, against 32,368 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 12.0% of the gas in Nov 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 5-35 N3 gas by disposition code each month, Jun 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 12.0% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 12.0%Jul 24OctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 5-35 N3 gas by disposition code each month, Jun 2024 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 12.0% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 12.0%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    81% · 38,326 mcf

  • Transmission line (2)

    17% · 8,073 mcf

  • Flared (4)

    2.2% · 1,023 mcf

2.2% of the gas flared in the last 12 months. 6 months above 3%.

1 well on this lease

Wells on UNIVERSITY 5-35 N3
API numberWell no.Status
42-003-48504H 3MSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Jun 1, 2024
Enlink Gas Marketing, LPCasinghead gasBuys90Jun 1, 2024
Dcp Operating Company, LPCasinghead gasBuys10Jun 1, 2024
Enlink Permian, LLCCasinghead gasGathers90Jun 1, 2024
Dcp Operating Company, LPCasinghead gasGathers10Jun 1, 2024

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

Who buys my oilOil price check

566.41 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for University 5-35 N3
API numberWell no.Acreson the permit
42-003-48504H 3MS566.41

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

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

26 months, newest first

Ledger for UNIVERSITY 5-35 N3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,3654,3994,5824,5820$80.46$2.89
Jun 20262,3582,3183,0953,0950$84.81$3.15
May 20263,5033,4974,9784,9780$102.13$2.94
Apr 20262,3402,3332,0492,0490$100.32$2.77
Mar 20262,5762,5772,9062,9060$91.38$3.04
Feb 20262,7842,7862,7212,7210$64.51$3.62
Jan 20263,2443,2453,2453,2450$60.04$7.72
Dec 20253,1753,1834,7854,7850$57.97$4.26
Nov 20253,4293,4254,9964,394602$60.06$3.79
Oct 20253,5503,5544,9554,89560$60.89$3.19
Sep 20253,4573,4445,1174,920197$63.96$2.97
Aug 20252,6552,6663,9933,829164$64.86$2.91
Jul 20254,0914,1275,0154,98629$68.39$3.20
Jun 20253,6893,6403,2182,894324$68.17$3.02
May 20252,0162,0261,1651,09174$62.17$3.12
Apr 20253,7133,7242,2422,22715$63.54$3.42
Mar 20254,7354,7212,2082,2017$68.24$4.12
Feb 20252,2392,2416116101$71.53$4.19
Jan 20252,7672,7465575552$75.74$4.13
Dec 20240639390$70.12$3.01
Nov 20243743804564551$69.95$2.12
Oct 20241,8151,8331,8321,82111$71.99$2.20
Sep 20244,8174,8005,1075,07235$70.24$2.28
Aug 20242,1122,1232,3982,38414$76.68$1.99
Jul 20244,3614,3744,5704,51258$81.80$2.07
Jun 20245,8965,8945,8925,667225$79.77$2.54

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

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyAndrews County

Ovintiv USA Inc. in Andrews County

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Spraberry (Trend Area) field

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