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Texas oil lease

Producing

UNIVERSITY

University is an oil lease in Crockett County, Texas, operated by L & M Operating, Inc. in the Farmer (San Andres) field.

4 wells

1,126bbl oil, last 12 months+2% vs prior year
Operator
L & M Operating, Inc.
County
Crockett County
Field
Farmer (San Andres)
RRC lease
7C-07954

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
1,407 mcf
Oil in Jul 2026
95 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for UNIVERSITY, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,126 bbl in the 12 months through Jul 2026, against 1,109 bbl in the 12 months before.Last 12 months: 1,126 bblbbl per monthmcf per month005050100100150150200200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for UNIVERSITY, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,126 bbl in the 12 months through Jul 2026, against 1,109 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005050100100150150200200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of UNIVERSITY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of UNIVERSITY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 36 months above 3%.

4 wells on this lease

Wells on UNIVERSITY
API numberWell no.Status
42-105-323581Active
42-105-324353Active
42-105-324364Active
42-105-324392Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasBuys100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasGathers100Jan 1, 2011

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

Who buys my oilOil price check

79 acres on the newest permit

Permits for University
API numberWell no.Acreson the permit
42-105-32439279
42-105-32435379
42-105-32436479
42-105-32358180

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026951661210121$80.46$2.89
Jun 2026951681200120$84.81$3.15
May 20269301210121$102.13$2.94
Apr 20261061671200120$100.32$2.77
Mar 20268201210121$91.38$3.04
Feb 20261011681200120$64.51$3.62
Jan 20267901210121$60.04$7.72
Dec 2025921631110111$57.97$4.26
Nov 2025741651200120$60.06$3.79
Oct 2025126092092$60.89$3.19
Sep 2025941661200120$63.96$2.97
Aug 20258901200120$64.86$2.91
Jul 2025991651250125$68.39$3.20
Jun 20258501200120$68.17$3.02
May 2025861651300130$62.17$3.12
Apr 2025991661220122$63.54$3.42
Mar 20259201100110$68.24$4.12
Feb 20258001220122$71.53$4.19
Jan 20259217095095$75.74$4.13
Dec 2024991671220122$70.12$3.01
Nov 20249801160116$69.95$2.12
Oct 20241001681200120$71.99$2.20
Sep 20248601240124$70.24$2.28
Aug 2024931651150115$76.68$1.99
Jul 202410501120112$81.80$2.07
Jun 20241001651200120$79.77$2.54
May 20241121681200120$80.02$2.12
Apr 20241081651210121$85.35$1.60
Mar 2024119095095$81.28$1.49
Feb 20241211641200120$77.25$1.72
Jan 202479090090$74.15$3.18
Dec 2023831661240124$71.90$2.52
Nov 20238601200120$77.69$2.71
Oct 20231221821240124$85.64$2.98
Sep 20231121791250125$89.43$2.64
Aug 202312001240124$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorL & M Operating, Inc.FieldFarmer (San Andres)CountyCrockett County

L & M Operating, Inc. in Crockett County

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