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Texas oil lease

Producing

UNIVERSITY -M-

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

15 wells

754bbl oil, last 12 months−26% vs prior year
Operator
Extex Operating Company
County
Crockett County
Field
Farmer (San Andres)
RRC lease
7C-09749

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
4,575 mcf
Oil in Jul 2026
63 bbl

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -M-, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 754 bbl in the 12 months through Jul 2026, against 1,023 bbl in the 12 months before.Last 12 months: 754 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -M-, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 754 bbl in the 12 months through Jul 2026, against 1,023 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 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 -M- 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 -M- 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 -M-
API numberWell no.Status
42-105-023221Active
42-105-023312Shut-in
42-105-023504Active
42-105-023595Active
42-105-023616Active
42-105-023627Active
42-105-336668Active
42-105-342099Shut-in
42-105-3491010Active
42-105-3506714Active
42-105-3506812Active
42-105-3506913Active
42-105-3507011Active
42-105-3516116Shut-in
42-105-3516215Active

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

    16 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 -M-
API numberWell no.Acreson the permit
42-105-3516116329
42-105-3516215329
42-105-3506714330
42-105-3506812330
42-105-3506913330
42-105-3507011330
42-105-3491010330
42-105-342099330
42-105-336668330
42-105-023221–
42-105-023312–
42-105-023504–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY -M-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Extex Operating63543980398$80.46$2.89
Jun 2026Extex Operating62633920392$84.81$3.15
May 2026Extex Operating65413940394$102.13$2.94
Apr 2026Extex Operating59593790379$100.32$2.77
Mar 2026Extex Operating55863820382$91.38$3.04
Feb 2026Extex Operating69453450345$64.51$3.62
Jan 2026Extex Operating52454010401$60.04$7.72
Dec 2025Extex Operating58744000400$57.97$4.26
Nov 2025Extex Operating66583810381$60.06$3.79
Oct 2025Extex Operating77863720372$60.89$3.19
Sep 2025Extex Operating65563720372$63.96$2.97
Aug 2025Extex Operating63703590359$64.86$2.91
Jul 2025Extex Operating70723860386$68.39$3.20
Jun 2025Extex Operating59433530353$68.17$3.02
May 2025Extex Operating79933790379$62.17$3.12
Apr 2025Extex Operating71723680368$63.54$3.42
Mar 2025Extex Operating85773850385$68.24$4.12
Feb 2025Extex Operating871054040404$71.53$4.19
Jan 2025Extex Operating94844440444$75.74$4.13
Dec 2024Extex Operating1011034450445$70.12$3.01
Nov 2024Extex Operating1121054580458$69.95$2.12
Oct 2024Extex Operating1141154490449$71.99$2.20
Sep 2024Extex Operating84863980398$70.24$2.28
Aug 2024Extex Operating67693380338$76.68$1.99
Jul 2024Extex Operating86863550355$81.80$2.07
Jun 2024Extex Operating75853650365$79.77$2.54
May 2024Extex Operating77693660366$80.02$2.12
Apr 2024Extex Operating981263730373$85.35$1.60
Mar 2024Extex Operating101118000$81.28$1.49
Feb 2024Extex Operating721143790379$77.25$1.72
Jan 2024Extex Operating2091579110911$74.15$3.18
Dec 2023Extex Operating2682849130913$71.90$2.52
Nov 2023Extex Operating2463101,03801,038$77.69$2.71
Oct 2023Extex Operating2411521,20901,209$85.64$2.98
Sep 2023Extex Operating1992091,19701,197$89.43$2.64
Aug 2023Extex Operating2332711,18801,188$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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