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Texas oil lease

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UNIVERSITY BLOCK 48

University Block 48 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

Oil lease dossier

3,323bbl oil, last 12 months−36% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-20647

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
96,293 mcf
Oil in Jul 2026
358 bbl

Production by month

Oil output fell 36% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for UNIVERSITY BLOCK 48, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 3,323 bbl in the 12 months through Jul 2026, against 5,222 bbl in the 12 months before.Last 12 months: 3,323 bblbbl per monthmcf per month002005,00040010k60015k80020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for UNIVERSITY BLOCK 48, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 3,323 bbl in the 12 months through Jul 2026, against 5,222 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 43.5% of the gas in Apr 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY BLOCK 48 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 43.5% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 43.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY BLOCK 48 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 43.5% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 43.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    89% · 86,011 mcf

  • Flared (4)

    5.5% · 5,315 mcf

  • Lease fuel (1)

    5.2% · 4,967 mcf

5.5% of the gas flared in the last 12 months. 7 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Nov 2023

Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating,…Nov 2023 to now
Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating, LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Mar 1, 2020–
Canes Midstream Logistics LLCCasinghead gasBuys100May 30, 2024–
Canes Midstream Logistics LLCCasinghead gasGathers100May 30, 2024–
Cogent Midstream Logistics, LLCCasinghead gasGathers100Mar 1, 2020Nov 1, 2023
Cogent Midstream Logistics, LLCCasinghead gasBuys100Mar 1, 2020Nov 1, 2023

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

Who buys my oilOil price check

479.92 acres on the newest permit

Check your decimal on this lease
Permits for University Block 48
API numberWell no.Acreson the permit
42-383-381951811H479.92
42-383-381981810H479.92
42-383-381941812H479.92
42-383-381831809H479.92

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

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY BLOCK 48
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources35835413,80913,3782$80.46$2.89
Jun 2026Permian Resources2172529,6239,6120$84.81$3.15
May 2026Permian Resources1803,2941,9561,298$102.13$2.94
Apr 2026Permian Resources2653938,9714,8423,903$100.32$2.77
Mar 2026Permian Resources3782876,6525,9700$91.38$3.04
Feb 2026Permian Resources3073014,0933,4770$64.51$3.62
Jan 2026Permian Resources3944145,2194,5370$60.04$7.72
Dec 2025Permian Resources5063609,3468,6680$57.97$4.26
Nov 2025Permian Resources621093,9533,69986$60.06$3.79
Oct 2025Permian Resources961904,8684,7440$60.89$3.19
Sep 2025Permian Resources38635813,01612,3860$63.96$2.97
Aug 2025Permian Resources33635513,44912,74226$64.86$2.91
Jul 2025Permian Resources4064909,9649,5873$68.39$3.20
Jun 2025Permian Resources3612975,9885,9880$68.17$3.02
May 2025Permian Resources4484207,3647,3640$62.17$3.12
Apr 2025Permian Resources58255511,07511,06114$63.54$3.42
Mar 2025Permian Resources3665649,2789,2717$68.24$4.12
Feb 2025Permian Resources3793649,3729,34824$71.53$4.19
Jan 2025Permian Resources46536111,24411,2377$75.74$4.13
Dec 2024Permian Resources38036512,17312,1721$70.12$3.01
Nov 2024Permian Resources52161311,27911,24237$69.95$2.12
Oct 2024Permian Resources6284917,8777,8752$71.99$2.20
Sep 2024Permian Resources4326125,4395,4363$70.24$2.28
Aug 2024Permian Resources2541257,9597,815144$76.68$1.99
Jul 2024Permian Resources3624388,0627,99765$81.80$2.07
Jun 2024Permian Resources3563019,7679,413354$79.77$2.54
May 2024Permian Resources43760311,08710,834253$80.02$2.12
Apr 2024Permian Resources52134713,05512,952103$85.35$1.60
Mar 2024Permian Resources4734379,0168,910106$81.28$1.49
Feb 2024Permian Resources41284610,41510,234181$77.25$1.72
Jan 2024Permian Resources4073839,4758,543932$74.15$3.18
Dec 2023Permian Resources51039511,73711,527210$71.90$2.52
Nov 2023Permian Resources42841010,96210,795167$77.69$2.71
Oct 2023Earthstone Operating,5164619,5338,4511,082$85.64$2.98
Sep 2023Earthstone Operating,51546611,2888,2333,055$89.43$2.64
Aug 2023Earthstone Operating,3523509,7836,8732,910$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

OperatorPermian Resources Operating, LLCFieldSpraberry (Trend Area)CountyReagan County

Permian Resources Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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