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Texas oil lease

Producing

UNIVERSITY 6-40

University 6-40 is an oil lease in Andrews County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

5,618bbl oil, last 12 months+68% vs prior year
Operator
Diamondback E&P LLC
County
Andrews County
Field
Spraberry (Trend Area)
RRC lease
08-38892

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
60,044 mcf
Oil in Jul 2026
5 bbl

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 10% of the 9 months before.

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 rose 68% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 68% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 6-40, Aug 2023 to Jul 2026. Oil output rose 68% over the last 12 months. 5,618 bbl in the 12 months through Jul 2026, against 3,347 bbl in the 12 months before.Last 12 months: 5,618 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 68% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 6-40, Aug 2023 to Jul 2026. Oil output rose 68% over the last 12 months. 5,618 bbl in the 12 months through Jul 2026, against 3,347 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 11.0% of the gas in Nov 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 6-40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 11.0% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: fuel to lineFlared 11.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuelShare of UNIVERSITY 6-40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 11.0% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Nov 24: fuel to lineFlared 11.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 62,408 mcf

  • Flared (4)

    1.8% · 1,144 mcf

  • Lease fuel (1)

    1.2% · 742 mcf

1.8% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Sep 2024

Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Aug 2024; Diamondback E&P LLC, Sep 2024 to Jul 20262020202120222023202420252026Changed Jun 2023Changed Sep 2024Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to Aug 2024Diamondback E&P LLCSep 2024 to now
Operators of this lease over timePiedra Operating, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Aug 2024; Diamondback E&P LLC, Sep 2024 to Jul 20262020202120222023202420252026Changed Jun 2023Changed Sep 2024Piedra Operating, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to Aug 2024Diamondback E&P LLCSep 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on UNIVERSITY 6-40
API numberWell no.Status
42-003-403291Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Transoil Marketing, LLCOilGathers100Aug 1, 2025–
Williams Mlp Operating LLCCasinghead gasBuys100Aug 1, 2025–
Williams Mlp Operating LLCCasinghead gasGathers100Aug 1, 2025–
Eastex Crude Company, LLCOilGathers50Dec 1, 2023Aug 1, 2025
Shell Trading (Us) CompanyOilGathers50Dec 1, 2023Aug 1, 2025
Dcp Operating Company, LPCasinghead gasGathers100Feb 1, 2022Dec 1, 2023
Dcp Operating Company, LPCasinghead gasBuys100Feb 1, 2022Dec 1, 2023
Energy Trans Crude Marketing LLCOilGathers100Aug 1, 2022Dec 1, 2023
Sentinel Transportation, LLCOilGathers100Feb 1, 2022Aug 1, 2022

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

Who buys my oilOil price check

80.01 acres on the newest permit

Check your decimal on this lease
Permits for University 6-40
API numberWell no.Acreson the permit
42-003-40329180.01

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

Unit decimal checker

What Diamondback Energy, Inc. told investors it received

Diamondback E&P LLC is linked to Diamondback Energy, Inc. (FANG).
Realized prices reported by Diamondback Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$96.82SEC filing
Q1 2026$73.47SEC filing
Q4 2025$58.00SEC filing
Q3 2025$64.60SEC filing
Q2 2025$63.23SEC filing
Q1 2025$70.95SEC filing

SourceDiamondback Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY 6-40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P50000$80.46$2.89
Jun 2026Diamondback E&P33000$84.81$3.15
May 2026Diamondback E&P911791,6751,6540$102.13$2.94
Apr 2026Diamondback E&P5355749,6109,5200$100.32$2.77
Mar 2026Diamondback E&P6797239,3559,2620$91.38$3.04
Feb 2026Diamondback E&P6477498,3848,28227$64.51$3.62
Jan 2026Diamondback E&P5333775,9395,86726$60.04$7.72
Dec 2025Diamondback E&P7627258,0927,9990$57.97$4.26
Nov 2025Diamondback E&P5466014,7964,196528$60.06$3.79
Oct 2025Diamondback E&P7217375,7055,6120$60.89$3.19
Sep 2025Diamondback E&P2723522,1892,11064$63.96$2.97
Aug 2025Diamondback E&P8247104,2993,910296$64.86$2.91
Jul 2025Diamondback E&P8198943,6423,433203$68.39$3.20
Jun 2025Diamondback E&P1,1121,2826085630$68.17$3.02
May 2025Diamondback E&P6693692091715$62.17$3.12
Apr 2025Diamondback E&P00000$63.54$3.42
Mar 2025Diamondback E&P77000$68.24$4.12
Feb 2025Diamondback E&P420000$71.53$4.19
Jan 2025Diamondback E&P2918344260$75.74$4.13
Dec 2024Diamondback E&P149212611680$70.12$3.01
Nov 2024Diamondback E&P1211762171270$69.95$2.12
Oct 2024Diamondback E&P12309960$71.99$2.20
Sep 2024Diamondback E&P13516929290$70.24$2.28
Aug 2024Ovintiv USA14116317170$76.68$1.99
Jul 2024Ovintiv USA12916826260$81.80$2.07
Jun 2024Ovintiv USA12616717170$79.77$2.54
May 2024Ovintiv USA109028280$80.02$2.12
Apr 2024Ovintiv USA12816969690$85.35$1.60
Mar 2024Ovintiv USA13316784840$81.28$1.49
Feb 2024Ovintiv USA12617012120$77.25$1.72
Jan 2024Ovintiv USA122172990$74.15$3.18
Dec 2023Ovintiv USA137016160$71.90$2.52
Nov 2023Ovintiv USA13017230300$77.69$2.71
Oct 2023Ovintiv USA1301751591590$85.64$2.98
Sep 2023Ovintiv USA105177000$89.43$2.64
Aug 2023Ovintiv USA00000$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

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyAndrews County

Diamondback E&P LLC in Andrews County

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Spraberry (Trend Area) field

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