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Texas oil lease

Producing

UNIVERSITY 5-38E

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

1 well

44,728bbl oil, last 12 months−32% vs prior year
Operator
Ovintiv USA Inc.
County
Andrews County
Field
Spraberry (Trend Area)
RRC lease
08-64646

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
136,809 mcf
Oil in Jul 2026
3,229 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 5-38E, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 44,728 bbl in the 12 months through Jul 2026, against 65,719 bbl in the 12 months before.Last 12 months: 44,728 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-38E, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 44,728 bbl in the 12 months through Jul 2026, against 65,719 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 24JulJan 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 12.1% 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 5-38E gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 12.1% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 12.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 5-38E gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 12.1% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 12.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    80% · 109,993 mcf

  • Transmission line (2)

    18% · 24,259 mcf

  • Flared (4)

    1.9% · 2,557 mcf

1.9% of the gas flared in the last 12 months. 9 months above 3%.

1 well on this lease

Wells on UNIVERSITY 5-38E
API numberWell no.Status
42-003-48608H 2MSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Jul 11, 2023
Dcp Operating Company, LPCasinghead gasBuys100Jul 11, 2023
Dcp Operating Company, LPCasinghead gasGathers100Jul 11, 2023

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

Who buys my oilOil price check

647.44 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 5-38E
API numberWell no.Acreson the permit
42-003-48608H 2MS647.44

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 5-38E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,2293,30510,38910,3890$80.46$2.89
Jun 20263,4923,41512,93012,9300$84.81$3.15
May 20263,0243,03311,32911,3290$102.13$2.94
Apr 20263,4323,42111,47211,4720$100.32$2.77
Mar 20263,6353,63211,57911,5790$91.38$3.04
Feb 20263,2703,2719,3879,3870$64.51$3.62
Jan 20263,5173,52010,87910,8790$60.04$7.72
Dec 20253,8113,82213,10013,1000$57.97$4.26
Nov 20254,3584,35112,97511,4111,564$60.06$3.79
Oct 20254,2564,26111,26111,123138$60.89$3.19
Sep 20254,1264,11810,49410,091403$63.96$2.97
Aug 20254,5784,58511,01410,562452$64.86$2.91
Jul 20255,1495,20412,57712,50572$68.39$3.20
Jun 20255,1775,12312,56911,3031,266$68.17$3.02
May 20255,2485,24712,50011,707793$62.17$3.12
Apr 20255,2505,25912,49012,40783$63.54$3.42
Mar 20255,8475,85412,46212,42339$68.24$4.12
Feb 20255,5365,5349,4309,40822$71.53$4.19
Jan 20255,9255,9078,8498,82524$75.74$4.13
Dec 20243,4883,5193,9753,9678$70.12$3.01
Nov 20243,7973,7839,1479,12423$69.95$2.12
Oct 20246,8536,85114,18114,09784$71.99$2.20
Sep 20246,6586,65913,98613,88898$70.24$2.28
Aug 20246,7916,78914,10914,02881$76.68$1.99
Jul 20247,3397,35313,92813,776152$81.80$2.07
Jun 20247,5787,58315,00014,426574$79.77$2.54
May 20247,8757,87513,88713,684203$80.02$2.12
Apr 20248,5558,55816,15316,07677$85.35$1.60
Mar 20249,7609,81016,69316,547146$81.28$1.49
Feb 202411,94511,96617,75417,492262$77.25$1.72
Jan 20249,9239,94512,33812,25682$74.15$3.18
Dec 202311,70611,60511,39710,963434$71.90$2.52
Nov 20233,7443,6992,7362,636100$77.69$2.71
Oct 202363469199990495$85.64$2.98
Sep 20235,6935,7416,6596,58178$89.43$2.64
Aug 202317,63617,54117,13816,873265$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

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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