Skip to content
Royalty Clerk

Texas oil lease

Producing

UNIVERSITY 5-40

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

8 wells

1,222bbl oil, last 12 months−21% vs prior year
Operator
Ovintiv USA Inc.
County
Andrews County
Field
Spraberry (Trend Area)
RRC lease
08-41834

Is your check right?

Check my statement

Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
355 mcf
Oil in Jul 2026
96 bbl

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-40, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 1,222 bbl in the 12 months through Jul 2026, against 1,556 bbl in the 12 months before.Last 12 months: 1,222 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5-40, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 1,222 bbl in the 12 months through Jul 2026, against 1,556 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 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)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of UNIVERSITY 5-40 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 5-40 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)

    73% · 260 mcf

  • Transmission line (2)

    27% · 95 mcf

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.

8 wells on this lease

Wells on UNIVERSITY 5-40
API numberWell no.Status
42-003-424771Shut-in
42-003-424783Shut-in
42-003-424794Shut-in
42-003-424807Active
42-003-424818Active
42-003-425572Shut-in
42-003-426666Shut-in
42-003-426845Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Sep 1, 2025–
Ngl Crude Logistics, LLCOilGathers50Sep 1, 2025–
Ngl Crude Assets and Mktg, LLCOilGathers100Jul 21, 2025Sep 1, 2025
Eastex Crude Company, LLCOilGathers50Dec 1, 2023Jul 21, 2025
Shell Trading (Us) CompanyOilGathers50Dec 1, 2023Jul 21, 2025
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Dec 1, 2023
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2022Dec 1, 2023

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

Who buys my oilOil price check

647.64 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 647.47 and 647.64 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    8 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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 5-40
API numberWell no.Acreson the permit
42-003-424783647.64
42-003-426845647.47
42-003-426666647.64
42-003-425572647.64
42-003-424794647.64
42-003-424807647.64
42-003-424818647.64
42-003-424771647.64

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 5-40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA9618233330$80.46$2.89
Jun 2026Ovintiv USA96036360$84.81$3.15
May 2026Ovintiv USA18818159590$102.13$2.94
Apr 2026Ovintiv USA2553632142140$100.32$2.77
Mar 2026Ovintiv USA127013130$91.38$3.04
Feb 2026Ovintiv USA37138000$64.51$3.62
Jan 2026Ovintiv USA00000$60.04$7.72
Dec 2025Ovintiv USA990000$57.97$4.26
Nov 2025Ovintiv USA71180000$60.06$3.79
Oct 2025Ovintiv USA800000$60.89$3.19
Sep 2025Ovintiv USA83181000$63.96$2.97
Aug 2025Ovintiv USA900000$64.86$2.91
Jul 2025Ovintiv USA142169000$68.39$3.20
Jun 2025Ovintiv USA136167000$68.17$3.02
May 2025Ovintiv USA148165000$62.17$3.12
Apr 2025Ovintiv USA880000$63.54$3.42
Mar 2025Ovintiv USA152190000$68.24$4.12
Feb 2025Ovintiv USA980000$71.53$4.19
Jan 2025Ovintiv USA134331000$75.74$4.13
Dec 2024Ovintiv USA107170000$70.12$3.01
Nov 2024Ovintiv USA1190000$69.95$2.12
Oct 2024Ovintiv USA169169000$71.99$2.20
Sep 2024Ovintiv USA94163000$70.24$2.28
Aug 2024Ovintiv USA169176000$76.68$1.99
Jul 2024Ovintiv USA153160000$81.80$2.07
Jun 2024Ovintiv USA1200000$79.77$2.54
May 2024Ovintiv USA201169000$80.02$2.12
Apr 2024Ovintiv USA132164000$85.35$1.60
Mar 2024Ovintiv USA400509000$81.28$1.49
Feb 2024Ovintiv USA323320000$77.25$1.72
Jan 2024Ovintiv USA1410000$74.15$3.18
Dec 2023Ovintiv USA19157000$71.90$2.52
Nov 2023Ovintiv USA00000$77.69$2.71
Oct 2023Ovintiv USA00000$85.64$2.98
Sep 2023Ovintiv USA00000$89.43$2.64
Aug 2023Ovintiv USA00000$81.39$2.58

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

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyAndrews County

Ovintiv USA Inc. in Andrews County

All Ovintiv USA Inc. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km