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Texas oil lease

Producing

UNIVERSITY 5-39 LS

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

1 well

52,580bbl oil, last 12 months+22% vs prior year
RRC lease
08-56880

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
94,981 mcf
Oil in Jul 2026
4,223 bbl

Production by month

Oil output rose 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 22% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-39 LS, Aug 2023 to Jul 2026. Oil output rose 22% over the last 12 months. 52,580 bbl in the 12 months through Jul 2026, against 43,185 bbl in the 12 months before.Last 12 months: 52,580 bblbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 22% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-39 LS, Aug 2023 to Jul 2026. Oil output rose 22% over the last 12 months. 52,580 bbl in the 12 months through Jul 2026, against 43,185 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kJan 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

  • 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 LS 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.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantOct 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 LS 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.Share of gas by disposition code0%50%100%Jul 26: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    80% · 75,631 mcf

  • Transmission line (2)

    20% · 19,250 mcf

  • Flared (4)

    0.1% · 100 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

Who has run this lease

The operator changed once, most recently in Jun 2023

Operators of this lease over timePiedra Operating, LLC, Dec 2021 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 202620222023202420252026Changed Jun 2023Piedra Operating, LLCDec 2021 to May 2023Ovintiv USA Inc.Jun 2023 to now
Operators of this lease over timePiedra Operating, LLC, Dec 2021 to May 2023; Ovintiv USA Inc., Jun 2023 to Jul 202620222023202420252026Changed Jun 2023Piedra Operating, LLCDec 2021 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 5-39 LS
API numberWell no.Status
42-003-483484HActive

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 1, 2022–
Dcp Operating Company, LPCasinghead gasGathers100Aug 1, 2022–
Dcp Operating Company, LPCasinghead gasGathers50Dec 4, 2021Aug 1, 2022
Enlink Permian, LLCCasinghead gasGathers50Dec 4, 2021Aug 1, 2022
Dcp Operating Company, LPCasinghead gasBuys50Dec 4, 2021Aug 1, 2022
Enlink Gas Marketing, LPCasinghead gasBuys50Dec 4, 2021Aug 1, 2022
Shell Trading (Us) CompanyOilGathers100Dec 4, 2021Aug 1, 2022

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

809.70 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.

  • 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 5-39 LS
API numberWell no.Acreson the permit
42-003-483484H809.70

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

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 LS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA4,2234,2819,5749,5722$80.46$2.89
Jun 2026Ovintiv USA4,1464,11010,11710,1152$84.81$3.15
May 2026Ovintiv USA4,3474,3969,1359,1350$102.13$2.94
Apr 2026Ovintiv USA4,4084,3018,7088,7080$100.32$2.77
Mar 2026Ovintiv USA3,1203,1585,7275,7270$91.38$3.04
Feb 2026Ovintiv USA3,9893,9773,7693,7690$64.51$3.62
Jan 2026Ovintiv USA4,7934,8406,6146,6140$60.04$7.72
Dec 2025Ovintiv USA5,0715,1218,9448,9440$57.97$4.26
Nov 2025Ovintiv USA3,9953,9217,8837,8767$60.06$3.79
Oct 2025Ovintiv USA4,5684,5989,0129,0111$60.89$3.19
Sep 2025Ovintiv USA4,0234,0458,4858,4850$63.96$2.97
Aug 2025Ovintiv USA5,8975,8587,0136,92588$64.86$2.91
Jul 2025Ovintiv USA3,8793,8723,0423,0366$68.39$3.20
Jun 2025Ovintiv USA4,5414,5954,2234,2230$68.17$3.02
May 2025Ovintiv USA5,4395,4124,5824,5820$62.17$3.12
Apr 2025Ovintiv USA6,2006,2375,7645,7640$63.54$3.42
Mar 2025Ovintiv USA6,3906,3247,7427,71329$68.24$4.12
Feb 2025Ovintiv USA4,6624,5873,9033,9030$71.53$4.19
Jan 2025Ovintiv USA1,7321,6801,1931,1930$75.74$4.13
Dec 2024Ovintiv USA06000$70.12$3.01
Nov 2024Ovintiv USA4024306486480$69.95$2.12
Oct 2024Ovintiv USA3,6373,6326,6546,6540$71.99$2.20
Sep 2024Ovintiv USA1,3091,3441,6861,6860$70.24$2.28
Aug 2024Ovintiv USA4,9944,9996,3396,3390$76.68$1.99
Jul 2024Ovintiv USA5,4755,4806,7826,7820$81.80$2.07
Jun 2024Ovintiv USA5,4515,4286,7456,7450$79.77$2.54
May 2024Ovintiv USA5,3155,3737,6417,6410$80.02$2.12
Apr 2024Ovintiv USA6,2476,2377,2767,2760$85.35$1.60
Mar 2024Ovintiv USA7,0126,9849,1489,1480$81.28$1.49
Feb 2024Ovintiv USA4,6954,8026,1046,1040$77.25$1.72
Jan 2024Ovintiv USA7,4487,3639,6409,6400$74.15$3.18
Dec 2023Ovintiv USA7,6787,74910,86310,8630$71.90$2.52
Nov 2023Ovintiv USA8,0777,9269,9109,9091$77.69$2.71
Oct 2023Ovintiv USA8,8409,12411,25811,2571$85.64$2.98
Sep 2023Ovintiv USA10,70010,46715,40415,4040$89.43$2.64
Aug 2023Ovintiv USA3,3373,34213,48213,4820$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Spraberry (Trend Area) field

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