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Texas oil lease

Producing

UNIVERSITY 5-38

University 5-38 is an oil lease in Andrews County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) R 40 Exc field.

1 well

33,291bbl oil, last 12 months+24% vs prior year
Operator
Ovintiv USA Inc.
County
Andrews County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-51095

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
55,943 mcf
Oil in Jun 2026
1,789 bbl

Production by month

Oil output rose 24% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-38, Aug 2023 to Jul 2026. Oil output rose 24% over the last 12 months. 31,249 bbl in the 12 months through Jul 2026, against 25,295 bbl in the 12 months before.Last 12 months: 31,249 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 24% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-38, Aug 2023 to Jul 2026. Oil output rose 24% over the last 12 months. 31,249 bbl in the 12 months through Jul 2026, against 25,295 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

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

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since May 2026 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 5-38 gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 12.0% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%May 2026: plant to lineFlared 12.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2026 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY 5-38 gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 12.0% of the gas in Nov 2025.Share of gas by disposition code0%50%100%May 26: plant to lineFlared 12.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    77% · 46,472 mcf

  • Transmission line (2)

    21% · 12,668 mcf

  • Flared (4)

    2.6% · 1,553 mcf

2.6% of the gas flared in the last 12 months. 5 months above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jun 20262020202120222023202420252026Changed Jun 2023Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Jun 20262020202120222023202420252026Changed Jun 2023Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 5-38
API numberWell no.Status
42-003-477001HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers50Aug 1, 2022–
Plains Marketing, L.p.OilGathers50Aug 1, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Aug 10, 2018–
Dcp Operating Company, LPCasinghead gasGathers100Aug 10, 2018–
Oryx Midland Oil Gathering LLCOilGathers100Apr 1, 2020Aug 1, 2022
Reliance Gathering, LLCOilGathers100Oct 1, 2019Apr 1, 2020
Eastex Crude CompanyOilGathers100Aug 10, 2018Oct 1, 2019

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

Who buys my oilOil price check

647.40 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 5-38
API numberWell no.Acreson the permit
42-003-477001H647.40

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

36 months, newest first

Ledger for UNIVERSITY 5-38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Ovintiv USA1,7891,7574,8374,8370$84.81$3.15
May 2026Ovintiv USA2,5672,5757,8317,8310$102.13$2.94
Apr 2026Ovintiv USA2,9522,944000$100.32$2.77
Mar 2026Ovintiv USA3,3113,310000$91.38$3.04
Feb 2026Ovintiv USA3,2583,2617,1747,1740$64.51$3.62
Jan 2026Ovintiv USA3,9063,8987,8757,8750$60.04$7.72
Dec 2025Ovintiv USA2,3202,3252,7132,7130$57.97$4.26
Nov 2025Ovintiv USA2,3672,3685,1734,550623$60.06$3.79
Oct 2025Ovintiv USA3,2153,2257,2917,20289$60.89$3.19
Sep 2025Ovintiv USA3,8103,7897,7937,493300$63.96$2.97
Aug 2025Ovintiv USA1,7541,7572,9022,782120$64.86$2.91
Jul 2025Ovintiv USA2,0422,0682,3542,34014$68.39$3.20
Jun 2025Ovintiv USA2,2922,2652,8312,546285$68.17$3.02
May 2025Ovintiv USA1,8621,8641,9191,797122$62.17$3.12
Apr 2025Ovintiv USA2,1622,1662,0071,99413$63.54$3.42
Mar 2025Ovintiv USA2,4932,4982,0572,0516$68.24$4.12
Feb 2025Ovintiv USA2,5672,5662,1482,1435$71.53$4.19
Jan 2025Ovintiv USA2,7382,7291,5391,5354$75.74$4.13
Dec 2024Ovintiv USA1,4981,4957427411$70.12$3.01
Nov 2024Ovintiv USA6126153673661$69.95$2.12
Oct 2024Ovintiv USA1,8821,8871,3661,3588$71.99$2.20
Sep 2024Ovintiv USA2,7412,7391,3591,3509$70.24$2.28
Aug 2024Ovintiv USA2,4062,4018568515$76.68$1.99
Jul 2024Ovintiv USA1,8051,8011,4531,43716$81.80$2.07
Jun 2024Ovintiv USA1,4301,4621,4681,44424$79.77$2.54
May 2024Ovintiv USA1,2971,2956606564$80.02$2.12
Apr 2024Ovintiv USA8257944094090$85.35$1.60
Mar 2024Ovintiv USA2632603273270$81.28$1.49
Feb 2024Ovintiv USA74774434421$77.25$1.72
Jan 2024Ovintiv USA76812442440$74.15$3.18
Dec 2023Ovintiv USA801331831821$71.90$2.52
Nov 2023Ovintiv USA63829290$77.69$2.71
Oct 2023Ovintiv USA3729330$85.64$2.98
Sep 2023Ovintiv USA00000$89.43$2.64
Aug 2023Ovintiv USA077000$81.39$2.58

No report filed 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) R 40 ExcCountyAndrews County

Ovintiv USA Inc. in Andrews County

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Spraberry (Trend Area) R 40 Exc field

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