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Texas oil lease

Producing

UNIVERSITY 5023

University 5023 is an oil lease in Andrews County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

1 well

625bbl oil, last 12 months−12% vs prior year
RRC lease
08-38768

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
233 mcf
Oil in Jul 2026
40 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5023, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 625 bbl in the 12 months through Jul 2026, against 708 bbl in the 12 months before.Last 12 months: 625 bblbbl per monthmcf per month0025205040756010080125100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 5023, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 625 bbl in the 12 months through Jul 2026, against 708 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025205040756010080125100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 5023 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY 5023 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 5023
API numberWell no.Status
42-003-403141Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jun 1, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Eastex Crude Company, LLCOilGathers100Nov 1, 2024Jun 1, 2026
Sentinel Transportation, LLCOilGathers100Aug 1, 2016Nov 1, 2024

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

647.30 acres on the newest permit

Permits for University 5023
API numberWell no.Acreson the permit
42-003-403141647.30

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

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 5023
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202640014140$80.46$2.89
Jun 202630012120$84.81$3.15
May 20268316912120$102.13$2.94
Apr 2026560660$100.32$2.77
Mar 202658019190$91.38$3.04
Feb 20266417214140$64.51$3.62
Jan 202643018180$60.04$7.72
Dec 202543011110$57.97$4.26
Nov 20255117224240$60.06$3.79
Oct 202555040400$60.89$3.19
Sep 202559033330$63.96$2.97
Aug 20254317030300$64.86$2.91
Jul 202562037370$68.39$3.20
Jun 202559021210$68.17$3.02
May 202538049490$62.17$3.12
Apr 20256917151510$63.54$3.42
Mar 202566051510$68.24$4.12
Feb 202554041410$71.53$4.19
Jan 20255517046460$75.74$4.13
Dec 202471050500$70.12$3.01
Nov 20247217042420$69.95$2.12
Oct 202433031310$71.99$2.20
Sep 202464047470$70.24$2.28
Aug 202465055550$76.68$1.99
Jul 202451042420$81.80$2.07
Jun 20244318241410$79.77$2.54
May 2024260000$80.02$2.12
Apr 202446047470$85.35$1.60
Mar 20246818740400$81.28$1.49
Feb 2024113047470$77.25$1.72
Jan 202469187000$74.15$3.18
Dec 2023420880$71.90$2.52
Nov 202343026260$77.69$2.71
Oct 202339058580$85.64$2.98
Sep 20239218417170$89.43$2.64
Aug 202310135446460$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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Cog Operating LLC in Andrews County

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