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Texas oil lease

Producing

UNIVERSITY 5-39

University 5-39 is an oil lease in Andrews County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

4 wells

3,716bbl oil, last 12 months−1% vs prior year
Operator
Ovintiv USA Inc.
County
Andrews County
Field
Spraberry (Trend Area)
RRC lease
08-44285

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
10,841 mcf
Oil in Jul 2026
261 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-39, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 3,716 bbl in the 12 months through Jul 2026, against 3,741 bbl in the 12 months before.Last 12 months: 3,716 bblbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-39, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 3,716 bbl in the 12 months through Jul 2026, against 3,741 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Jan 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 100.0% of the gas in Jan 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 5-39 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 100.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 5-39 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 100.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    72% · 7,792 mcf

  • Transmission line (2)

    15% · 1,605 mcf

  • Flared (4)

    13% · 1,444 mcf

13.3% of the gas flared in the last 12 months. 23 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 Jul 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 Jul 20262020202120222023202420252026Changed Jun 2023Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on UNIVERSITY 5-39
API numberWell no.Status
42-003-453582Active
42-003-454753Shut-in
42-003-455464Active
42-003-457075Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Dec 1, 2023–
Shell Trading (Us) CompanyOilGathers50Dec 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers100Feb 1, 2018Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Feb 1, 2018Dec 1, 2023
Plains Marketing, L.p.OilGathers100Aug 1, 2022Dec 1, 2023
Plains Marketing, L.p.OilGathers100Aug 1, 2017Aug 1, 2022

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

Who buys my oilOil price check

323.80 acres on the newest permit

Check your decimal on this lease
Permits for University 5-39
API numberWell no.Acreson the permit
42-003-457075323.80
42-003-455464323.80
42-003-454753323.80
42-003-453582323.80

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

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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 5-39
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA261177513381132$80.46$2.89
Jun 2026Ovintiv USA252343679575104$84.81$3.15
May 2026Ovintiv USA2771831,1281,03098$102.13$2.94
Apr 2026Ovintiv USA3173681,1431,06380$100.32$2.77
Mar 2026Ovintiv USA258362841665176$91.38$3.04
Feb 2026Ovintiv USA277171776645131$64.51$3.62
Jan 2026Ovintiv USA290340676510166$60.04$7.72
Dec 2025Ovintiv USA39036094686284$57.97$4.26
Nov 2025Ovintiv USA3183396866860$60.06$3.79
Oct 2025Ovintiv USA3573231,036865171$60.89$3.19
Sep 2025Ovintiv USA395546825523302$63.96$2.97
Aug 2025Ovintiv USA3241691,5921,5920$64.86$2.91
Jul 2025Ovintiv USA3203381,2321,029203$68.39$3.20
Jun 2025Ovintiv USA318327641417224$68.17$3.02
May 2025Ovintiv USA2883331,013760253$62.17$3.12
Apr 2025Ovintiv USA3023281,064893171$63.54$3.42
Mar 2025Ovintiv USA239172792400392$68.24$4.12
Feb 2025Ovintiv USA279332688120568$71.53$4.19
Jan 2025Ovintiv USA3173408390839$75.74$4.13
Dec 2024Ovintiv USA305335643139504$70.12$3.01
Nov 2024Ovintiv USA3643381,0191,0190$69.95$2.12
Oct 2024Ovintiv USA3393461,3791,34039$71.99$2.20
Sep 2024Ovintiv USA3441631,3781,187191$70.24$2.28
Aug 2024Ovintiv USA3264851,090945145$76.68$1.99
Jul 2024Ovintiv USA3633351,1171,08136$81.80$2.07
Jun 2024Ovintiv USA3555011,03995485$79.77$2.54
May 2024Ovintiv USA545499535421114$80.02$2.12
Apr 2024Ovintiv USA5694911,1701,1700$85.35$1.60
Mar 2024Ovintiv USA5336761,4051,4050$81.28$1.49
Feb 2024Ovintiv USA5753381,1051,1050$77.25$1.72
Jan 2024Ovintiv USA4946818568560$74.15$3.18
Dec 2023Ovintiv USA363340000$71.90$2.52
Nov 2023Ovintiv USA477546000$77.69$2.71
Oct 2023Ovintiv USA1,1781,093000$85.64$2.98
Sep 2023Ovintiv USA352357000$89.43$2.64
Aug 2023Ovintiv USA522518000$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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