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Texas oil lease

Producing

UNIVERSITY -L-

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

15 wells

508bbl oil, last 12 months−17% vs prior year
Operator
Extex Operating Company
County
Reagan County
Field
Farmer (San Andres)
RRC lease
7C-09750

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
3,089 mcf
Oil in Jul 2026
43 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -L-, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 508 bbl in the 12 months through Jul 2026, against 612 bbl in the 12 months before.Last 12 months: 508 bblbbl per monthmcf per month0020100402006030080400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -L-, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 508 bbl in the 12 months through Jul 2026, against 612 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020100402006030080400Jan 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 -L- 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 -L- 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.

15 wells on this lease

Wells on UNIVERSITY -L-
API numberWell no.Status
42-105-3516315Shut-in
42-105-800602Active
42-383-011861Shut-in
42-383-011935Active
42-383-011956Active
42-383-012084Active
42-383-316727Active
42-383-320768Active
42-383-323669Active
42-383-3325810Shut-in
42-383-3358412Active
42-383-3358513Active
42-383-3360411Active
42-383-3364716Shut-in
42-383-3364814Shut-in

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

329 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 329 and 330 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    15 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 -L-
API numberWell no.Acreson the permit
42-105-3516315329
42-383-3360411329
42-383-3358412330
42-383-3358513330
42-383-3364716330
42-383-3364814330
42-383-3325810330
42-383-323669330
42-383-320768330
42-383-316727330
42-105-800602–
42-383-011861–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -L-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Extex Operating43372690269$80.46$2.89
Jun 2026Extex Operating42422650265$84.81$3.15
May 2026Extex Operating43272660266$102.13$2.94
Apr 2026Extex Operating40402560256$100.32$2.77
Mar 2026Extex Operating36582580258$91.38$3.04
Feb 2026Extex Operating47302330233$64.51$3.62
Jan 2026Extex Operating36312710271$60.04$7.72
Dec 2025Extex Operating39502700270$57.97$4.26
Nov 2025Extex Operating44392570257$60.06$3.79
Oct 2025Extex Operating53582510251$60.89$3.19
Sep 2025Extex Operating43382510251$63.96$2.97
Aug 2025Extex Operating42472420242$64.86$2.91
Jul 2025Extex Operating49492610261$68.39$3.20
Jun 2025Extex Operating40292380238$68.17$3.02
May 2025Extex Operating52632560256$62.17$3.12
Apr 2025Extex Operating47472480248$63.54$3.42
Mar 2025Extex Operating57462510251$68.24$4.12
Feb 2025Extex Operating46572180218$71.53$4.19
Jan 2025Extex Operating50452400240$75.74$4.13
Dec 2024Extex Operating56562400240$70.12$3.01
Nov 2024Extex Operating59582470247$69.95$2.12
Oct 2024Extex Operating67682630263$71.99$2.20
Sep 2024Extex Operating51512390239$70.24$2.28
Aug 2024Extex Operating38381980198$76.68$1.99
Jul 2024Extex Operating47471920192$81.80$2.07
Jun 2024Extex Operating41461970197$79.77$2.54
May 2024Extex Operating48371970197$80.02$2.12
Apr 2024Extex Operating51682010201$85.35$1.60
Mar 2024Extex Operating5363000$81.28$1.49
Feb 2024Extex Operating49401990199$77.25$1.72
Jan 2024Extex Operating55422420242$74.15$3.18
Dec 2023Extex Operating71752420242$71.90$2.52
Nov 2023Extex Operating66822760276$77.69$2.71
Oct 2023Extex Operating63403210321$85.64$2.98
Sep 2023Extex Operating51553180318$89.43$2.64
Aug 2023Extex Operating65723150315$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)CountyReagan County

Extex Operating Company in Reagan County

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Farmer (San Andres) field

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