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Texas oil lease

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UNIVERSITY "J"

University "J" is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the McElroy, North (Devonian) field.

Oil lease dossier

1,119bbl oil, last 12 months+2% vs prior year
Operator
R3 Operating Corporation
County
Crane County
Field
McElroy, North (Devonian)
RRC lease
08-36685

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
2,915 mcf
Oil in Jul 2026
99 bbl

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).

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

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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 "J", Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,119 bbl in the 12 months through Jul 2026, against 1,099 bbl in the 12 months before.Last 12 months: 1,119 bblbbl per monthmcf per month0050100100200150300200400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for UNIVERSITY "J", Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,119 bbl in the 12 months through Jul 2026, against 1,099 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

All of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY "J" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of UNIVERSITY "J" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

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.

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%From
Plains Marketing, L.p.OilGathers100Feb 1, 2017
Dcp Operating Company, LPCasinghead gasBuys100Feb 1, 2017
Dcp Operating Company, LPCasinghead gasGathers100Feb 1, 2017

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

Who buys my oilOil price check

160 acres on the newest permit

Check your decimal on this lease
Permits for University "J"
API numberWell no.Acreson the permit
42-103-334301160

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

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36 months, newest first

Ledger for UNIVERSITY "J"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating9902822820$80.46$2.89
Jun 2026R3 Operating981792092090$84.81$3.15
May 2026R3 Operating961793443440$102.13$2.94
Apr 2026R3 Operating9403373370$100.32$2.77
Mar 2026R3 Operating960000$91.38$3.04
Feb 2026R3 Operating911791441440$64.51$3.62
Jan 2026R3 Operating9102242240$60.04$7.72
Dec 2025R3 Operating881822052050$57.97$4.26
Nov 2025R3 Operating8603073070$60.06$3.79
Oct 2025R3 Operating891853103100$60.89$3.19
Sep 2025R3 Operating8502302300$63.96$2.97
Aug 2025R3 Operating1061843233230$64.86$2.91
Jul 2025T2 Operating94096960$68.39$3.20
Jun 2025T2 Operating841231921920$68.17$3.02
May 2025T2 Operating9918280800$62.17$3.12
Apr 2025T2 Operating670440$63.54$3.42
Mar 2025Boaz Energy1001801371370$68.24$4.12
Feb 2025Boaz Energy83030300$71.53$4.19
Jan 2025Boaz Energy991821521520$75.74$4.13
Dec 2024Boaz Energy960000$70.12$3.01
Nov 2024Boaz Energy911852162160$69.95$2.12
Oct 2024Boaz Energy9702172170$71.99$2.20
Sep 2024Boaz Energy921832432430$70.24$2.28
Aug 2024Boaz Energy9702402400$76.68$1.99
Jul 2024Boaz Energy1001831681680$81.80$2.07
Jun 2024Boaz Energy9603313310$79.77$2.54
May 2024Boaz Energy1101843323320$80.02$2.12
Apr 2024Boaz Energy1081852842840$85.35$1.60
Mar 2024Boaz Energy1651791631630$81.28$1.49
Feb 2024Boaz Energy23058580$77.25$1.72
Jan 2024Boaz Energy7402712710$74.15$3.18
Dec 2023Boaz Energy1161853213210$71.90$2.52
Nov 2023Boaz Energy10203393390$77.69$2.71
Oct 2023Boaz Energy821762192190$85.64$2.98
Sep 2023Boaz Energy10802762760$89.43$2.64
Aug 2023Boaz Energy96184000$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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Nearby

This lease belongs to

OperatorR3 Operating CorporationFieldMcElroy, North (Devonian)CountyCrane County

R3 Operating Corporation in Crane County

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McElroy, North (Devonian) field

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