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Texas oil lease

Producing

UNIVERSITY 7-3

University 7-3 is an oil lease in Martin County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

6 wells

2,964bbl oil, last 12 months−20% vs prior year
Operator
Diamondback E&P LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-40449

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
16,837 mcf
Oil in Jul 2026
188 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ONEOK MIDLAND MIDSTREAM, LLC replaced CORONADO MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Apr 1, 2026.

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

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Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 7-3, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 2,964 bbl in the 12 months through Jul 2026, against 3,701 bbl in the 12 months before.Last 12 months: 2,964 bblbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for UNIVERSITY 7-3, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 2,964 bbl in the 12 months through Jul 2026, against 3,701 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

87% of the gas went to a transmission line in the last 12 months

Flaring peaked at 3.5% of the gas in Aug 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
87% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 7-3 gas by disposition code each month, Aug 2023 to Jul 2026. 87% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.5% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
87% of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY 7-3 gas by disposition code each month, Aug 2023 to Jul 2026. 87% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.5% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    87% · 14,638 mcf

  • Lease fuel (1)

    12% · 2,056 mcf

  • Flared (4)

    0.8% · 143 mcf

0.8% of the gas flared in the last 12 months. One month above 3%.

6 wells on this lease

Wells on UNIVERSITY 7-3
API numberWell no.Status
42-003-417392Shut-in
42-003-420514Active
42-003-429526Shut-in
42-003-430897Shut-in
42-317-359261Active
42-317-364035Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Apr 1, 2026–
Oneok Midland Midstream, LLCCasinghead gasBuys100Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers100Apr 1, 2026–
Enlink Midstream Services, LLCCasinghead gasGathers100Jul 1, 2021Apr 1, 2026
Coronado Midstream LLCCasinghead gasBuys100Jul 1, 2021Apr 1, 2026
Eastex Crude Company, LLCOilGathers25Jan 1, 2023Apr 1, 2026
Explore Logistics LLCOilGathers25Jul 1, 2021Apr 1, 2026
Oryx Midland Oil Gathering LLCOilGathers50May 1, 2021Apr 1, 2026
Eastex Crude CompanyOilGathers25Jul 1, 2021Jan 1, 2023

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

Who buys my oilOil price check

480 acres on the newest permit

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Permits for University 7-3
API numberWell no.Acreson the permit
42-003-430897480
42-003-429526480
42-317-364035480
42-003-420514480
42-003-417392480
42-317-359261480

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

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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 7-3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261882291,4131,28638$80.46$2.89
Jun 20261921351,2841,1970$84.81$3.15
May 20263193211,4711,3780$102.13$2.94
Apr 20261751731,1121,0220$100.32$2.77
Mar 20262842601,2651,1870$91.38$3.04
Feb 20262161909048640$64.51$3.62
Jan 20262963371,1119260$60.04$7.72
Dec 20253672851,3651,0980$57.97$4.26
Nov 20251942761,3931,09136$60.06$3.79
Oct 20251722221,7141,3950$60.89$3.19
Sep 20252301571,8271,5670$63.96$2.97
Aug 20253313411,9781,62769$64.86$2.91
Jul 20252091871,8781,5940$68.39$3.20
Jun 20251522811,8011,5350$68.17$3.02
May 20253453232,0641,8100$62.17$3.12
Apr 20251901281,4261,3050$63.54$3.42
Mar 20252933251,4151,3250$68.24$4.12
Feb 20253272711,3961,3110$71.53$4.19
Jan 20253712951,6481,5590$75.74$4.13
Dec 20242072479799330$70.12$3.01
Nov 20244053679879470$69.95$2.12
Oct 20243684121,2891,2350$71.99$2.20
Sep 20244273951,3651,3080$70.24$2.28
Aug 20244073801,4951,4610$76.68$1.99
Jul 20243483931,6371,6030$81.80$2.07
Jun 20243793371,2731,2430$79.77$2.54
May 20242722739128860$80.02$2.12
Apr 20242653369759460$85.35$1.60
Mar 20243152921,4281,3900$81.28$1.49
Feb 20244274251,7181,5980$77.25$1.72
Jan 20244514301,5231,3630$74.15$3.18
Dec 20234444461,5351,3730$71.90$2.52
Nov 20234224611,4691,3160$77.69$2.71
Oct 20234654061,8801,7050$85.64$2.98
Sep 20234253861,6631,4900$89.43$2.64
Aug 20235395371,6121,4620$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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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMartin County

Diamondback E&P LLC in Martin County

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