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Texas oil lease

Producing

UNIVERSITY -C-

University -C- is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the McElroy field.

5 wells

169bbl oil, last 12 months−36% vs prior year
Field
McElroy
RRC lease
08-14974

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil in Jul 2026
5 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: R3 Operating Corporation took over from T2 Operating Corporation in Aug 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 30, 2026 (last P-5 filed May 27, 2025).

  • Sales

    No sales reported for the last 6 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 36% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production for UNIVERSITY -C-, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 169 bbl in the 12 months through Jul 2026, against 266 bbl in the 12 months before.Last 12 months: 169 bblbbl per month020406080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production for UNIVERSITY -C-, Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 169 bbl in the 12 months through Jul 2026, against 266 bbl in the 12 months before.Last 12 monthsbbl per month020406080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 3 times, most recently in Aug 2025

Operators of this lease over timeSeguro Oil and Gas, LLC, Jan 2020 to Nov 2022; Boaz Energy II Operating, LLC, Dec 2022 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Dec 2022Changed Apr 2025Changed Aug 2025Seguro Oil and Gas, LLCJan 2020 to Nov 2022Boaz Energy II Operating, LLCDec 2022 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now
Operators of this lease over timeSeguro Oil and Gas, LLC, Jan 2020 to Nov 2022; Boaz Energy II Operating, LLC, Dec 2022 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Dec 2022Changed Apr 2025Changed Aug 2025Seguro Oil and Gas, LLCJan 2020 to Nov 2022Boaz Energy II Operating, LLCDec 2022 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on UNIVERSITY -C-
API numberWell no.Status
42-103-036701Active
42-103-041984Active
42-103-041993Active
42-103-042002Active
42-103-356165Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Apr 1, 2004
Dcp Operating Company, LPCasinghead gasBuys100Mar 1, 2017
Dcp Operating Company, LPCasinghead gasGathers100Mar 1, 2017

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

240.37 acres on the newest permit

Permits for University -C-
API numberWell no.Acreson the permit
42-103-356165240.37
42-103-036701–
42-103-041984–
42-103-041993–
42-103-042002–

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

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -C-
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating50$80.46$2.89
Jun 2026R3 Operating30$84.81$3.15
May 2026R3 Operating30$102.13$2.94
Apr 2026R3 Operating30$100.32$2.77
Mar 2026R3 Operating30$91.38$3.04
Feb 2026R3 Operating30$64.51$3.62
Jan 2026R3 Operating4152$60.04$7.72
Dec 2025R3 Operating310$57.97$4.26
Nov 2025R3 Operating610$60.06$3.79
Oct 2025R3 Operating370$60.89$3.19
Sep 2025R3 Operating40$63.96$2.97
Aug 2025R3 Operating120$64.86$2.91
Jul 2025T2 Operating00$68.39$3.20
Jun 2025T2 Operating00$68.17$3.02
May 2025T2 Operating09$62.17$3.12
Apr 2025T2 Operating13156$63.54$3.42
Mar 2025Boaz Energy410$68.24$4.12
Feb 2025Boaz Energy310$71.53$4.19
Jan 2025Boaz Energy90$75.74$4.13
Dec 2024Boaz Energy130$70.12$3.01
Nov 2024Boaz Energy330$69.95$2.12
Oct 2024Boaz Energy41167$71.99$2.20
Sep 2024Boaz Energy420$70.24$2.28
Aug 2024Boaz Energy430$76.68$1.99
Jul 2024Boaz Energy410$81.80$2.07
Jun 2024Boaz Energy38163$79.77$2.54
May 2024Boaz Energy440$80.02$2.12
Apr 2024Boaz Energy350$85.35$1.60
Mar 2024Boaz Energy170$81.28$1.49
Feb 2024Boaz Energy390$77.25$1.72
Jan 2024Boaz Energy140$74.15$3.18
Dec 2023Boaz Energy45157$71.90$2.52
Nov 2023Boaz Energy450$77.69$2.71
Oct 2023Boaz Energy260$85.64$2.98
Sep 2023Boaz Energy100$89.43$2.64
Aug 2023Boaz Energy30173$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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R3 Operating Corporation in Crane County

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