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Producing

UNIVERSITY OWENS 1-6 ALLOC 18

University Owens 1-6 Alloc 18 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

Oil lease dossier

3,152bbl oil, last 12 months−40% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-20786

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
120,865 mcf
Oil in Jul 2026
620 bbl

Production by month

Oil output fell 40% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for UNIVERSITY OWENS 1-6 ALLOC 18, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 3,152 bbl in the 12 months through Jul 2026, against 5,213 bbl in the 12 months before.Last 12 months: 3,152 bblbbl per monthmcf per month002005,00040010k60015k80020k1,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for UNIVERSITY OWENS 1-6 ALLOC 18, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 3,152 bbl in the 12 months through Jul 2026, against 5,213 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020k1,00025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 39.1% of the gas in Apr 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY OWENS 1-6 ALLOC 18 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 39.1% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 39.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY OWENS 1-6 ALLOC 18 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 39.1% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 39.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 118,719 mcf

  • Flared (4)

    1.2% · 1,446 mcf

  • Lease fuel (1)

    0.6% · 700 mcf

1.2% of the gas flared in the last 12 months. 5 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Nov 2023

Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating,…Nov 2023 to now
Operators of this lease over timeSable Permian Resources, LLC, Mar 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 2026202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCMar 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating, LLCNov 2023 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%FromUntil
Medallion Operating Company, LLCOilGathers100Mar 1, 2020–
Canes Midstream Logistics LLCCasinghead gasBuys100May 30, 2024–
Canes Midstream Logistics LLCCasinghead gasGathers100May 30, 2024–
Cogent Midstream Logistics, LLCCasinghead gasGathers50Mar 1, 2020Nov 1, 2023
Wtg Gas Processing, L.p.Casinghead gasGathers50Mar 1, 2020Nov 1, 2023
Cogent Midstream Logistics, LLCCasinghead gasBuys50Mar 1, 2020Nov 1, 2023
Wtg Gas Processing, L.p.Casinghead gasBuys50Mar 1, 2020Nov 1, 2023

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

Who buys my oilOil price check

1,740.50 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Owens 1-6 Alloc 18
API numberWell no.Acreson the permit
42-383-4061518HK1,740.50

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

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY OWENS 1-6 ALLOC 18
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources62058914,66414,53115$80.46$2.89
Jun 2026Permian Resources31282642630$84.81$3.15
May 2026Permian Resources02123158$102.13$2.94
Apr 2026Permian Resources1081263,6102,1971,411$100.32$2.77
Mar 2026Permian Resources37435815,16115,1450$91.38$3.04
Feb 2026Permian Resources26526612,19812,1620$64.51$3.62
Jan 2026Permian Resources31131114,26214,1770$60.04$7.72
Dec 2025Permian Resources41442417,83017,7205$57.97$4.26
Nov 2025Permian Resources2482303,3103,2917$60.06$3.79
Oct 2025Permian Resources41462,2392,2060$60.89$3.19
Sep 2025Permian Resources35535118,24818,0970$63.96$2.97
Aug 2025Permian Resources38538719,05618,9150$64.86$2.91
Jul 2025Permian Resources39839718,65618,5241$68.39$3.20
Jun 2025Permian Resources37737617,26617,1424$68.17$3.02
May 2025Permian Resources31333019,02118,8900$62.17$3.12
Apr 2025Permian Resources39940118,66718,55610$63.54$3.42
Mar 2025Permian Resources43944019,40419,2920$68.24$4.12
Feb 2025Permian Resources41341416,84316,7330$71.53$4.19
Jan 2025Permian Resources50850919,09718,96414$75.74$4.13
Dec 2024Permian Resources48448119,23119,1170$70.12$3.01
Nov 2024Permian Resources44645516,45316,1075$69.95$2.12
Oct 2024Permian Resources49748518,62918,05428$71.99$2.20
Sep 2024Permian Resources43943615,97015,310112$70.24$2.28
Aug 2024Permian Resources50050018,52817,453511$76.68$1.99
Jul 2024Permian Resources53452618,07017,49540$81.80$2.07
Jun 2024Permian Resources52351519,77219,17811$79.77$2.54
May 2024Permian Resources52954618,75717,345846$80.02$2.12
Apr 2024Permian Resources57556821,06320,00640$85.35$1.60
Mar 2024Permian Resources61662819,91919,00629$81.28$1.49
Feb 2024Permian Resources60560318,71117,325511$77.25$1.72
Jan 2024Permian Resources75476121,61620,487328$74.15$3.18
Dec 2023Permian Resources80879415,52814,907168$71.90$2.52
Nov 2023Permian Resources4564646,4636,13298$77.69$2.71
Oct 2023Earthstone Operating,6065939,9639,269213$85.64$2.98
Sep 2023Earthstone Operating,5064975,6454,747614$89.43$2.64
Aug 2023Earthstone Operating,5415507,6786,1461,129$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

OperatorPermian Resources Operating, LLCFieldSpraberry (Trend Area)CountyReagan County

Permian Resources Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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