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Texas oil lease

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UNIVERSITY -I-

University -I- is an oil lease in Crockett County, Texas, operated by Extex Operating Company in the Farmer (San Andres) field.

7 wells

583bbl oil, last 12 months−30% vs prior year
Operator
Extex Operating Company
County
Crockett County
Field
Farmer (San Andres)
RRC lease
7C-00459

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
3,523 mcf
Oil in Jul 2026
47 bbl

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -I-, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 583 bbl in the 12 months through Jul 2026, against 838 bbl in the 12 months before.Last 12 months: 583 bblbbl per monthmcf per month00251005020075300100400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -I-, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 583 bbl in the 12 months through Jul 2026, against 838 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00251005020075300100400Jan 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 -I- 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 -I- 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. 35 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2021

Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2021; Extex Operating Company, Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Legacy Reserves Operating LPJan 2020 to Jan 2021Extex Operating CompanyFeb 2021 to now
Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2021; Extex Operating Company, Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Legacy Reserves Operating LPJan 2020 to Jan 2021Extex Operating CompanyFeb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

7 wells on this lease

Wells on UNIVERSITY -I-
API numberWell no.Status
42-105-023191Active
42-105-023383Active
42-105-023484Shut-in
42-105-023605Shut-in
42-105-034672Active
42-105-354006Active
42-105-354117Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oasis Transp & Marketing Corp.OilGathers100May 1, 2026–
Davis Gas Processing, Inc.Casinghead gasGathers100Apr 1, 2006May 1, 2026
Davis Gas Processing, Inc.Casinghead gasBuys100Apr 1, 2006May 1, 2026
Plains Marketing, L.p.OilGathers100Jul 1, 2000May 1, 2026
Nominator Not Required / Swr 31Casinghead gasNominates100Nov 1, 1999Feb 1, 2021

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

Who buys my oilOil price check

164.90 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 164.9 and 165 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    7 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for University -I-
API numberWell no.Acreson the permit
42-105-354117164.90
42-105-354006164.90
42-105-023605165
42-105-023191–
42-105-023383–
42-105-023484–
42-105-034672–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -I-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Extex Operating47392990299$80.46$2.89
Jun 2026Extex Operating45482940294$84.81$3.15
May 2026Extex Operating49302950295$102.13$2.94
Apr 2026Extex Operating44442850285$100.32$2.77
Mar 2026Extex Operating43652870287$91.38$3.04
Feb 2026Extex Operating52342590259$64.51$3.62
Jan 2026Extex Operating37343010301$60.04$7.72
Dec 2025Extex Operating46563000300$57.97$4.26
Nov 2025Extex Operating48442860286$60.06$3.79
Oct 2025Extex Operating57652790279$60.89$3.19
Sep 2025Extex Operating51502790279$63.96$2.97
Aug 2025Extex Operating64703590359$64.86$2.91
Jul 2025Extex Operating66723860386$68.39$3.20
Jun 2025Extex Operating61433530353$68.17$3.02
May 2025Extex Operating81933790379$62.17$3.12
Apr 2025Extex Operating72703680368$63.54$3.42
Mar 2025Extex Operating77693710371$68.24$4.12
Feb 2025Extex Operating75793230323$71.53$4.19
Jan 2025Extex Operating58562880288$75.74$4.13
Dec 2024Extex Operating72723090309$70.12$3.01
Nov 2024Extex Operating81753210321$69.95$2.12
Oct 2024Extex Operating81813260326$71.99$2.20
Sep 2024Extex Operating54652650265$70.24$2.28
Aug 2024Extex Operating60572930293$76.68$1.99
Jul 2024Extex Operating68692840284$81.80$2.07
Jun 2024Extex Operating62682920292$79.77$2.54
May 2024Extex Operating71552930293$80.02$2.12
Apr 2024Extex Operating721012980298$85.35$1.60
Mar 2024Extex Operating8092000$81.28$1.49
Feb 2024Extex Operating77532930293$77.25$1.72
Jan 2024Extex Operating64482800280$74.15$3.18
Dec 2023Extex Operating83872810281$71.90$2.52
Nov 2023Extex Operating75953200320$77.69$2.71
Oct 2023Extex Operating74473720372$85.64$2.98
Sep 2023Extex Operating61643680368$89.43$2.64
Aug 2023Extex Operating71833650365$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

OperatorExtex Operating CompanyFieldFarmer (San Andres)CountyCrockett County

Extex Operating Company in Crockett County

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Farmer (San Andres) field

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