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Producing

UNIVERSITY -R-

University -R- is an oil lease in Reagan County, Texas, operated by L & M Operating, Inc. in the V-Bar (San Andres) field.

7 wells

1,700bbl oil, last 12 months−5% vs prior year
Operator
L & M Operating, Inc.
County
Reagan County
Field
V-Bar (San Andres)
RRC lease
7C-02082

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
1,742 mcf
Oil in Jul 2026
149 bbl

Production by month

Oil output fell 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -R-, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 1,700 bbl in the 12 months through Jul 2026, against 1,785 bbl in the 12 months before.Last 12 months: 1,700 bblbbl per monthmcf per month005050100100150150200200250250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for UNIVERSITY -R-, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 1,700 bbl in the 12 months through Jul 2026, against 1,785 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005050100100150150200200250250Jan 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 -R- 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 -R- 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. 36 months above 3%.

7 wells on this lease

Wells on UNIVERSITY -R-
API numberWell no.Status
42-383-012022Active
42-383-012063Active
42-383-329626Active
42-383-334845Active
42-383-337154Active
42-383-350937Active
42-383-801661Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasBuys100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasGathers100Jan 1, 2011

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

Who buys my oilOil price check

347.85 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 347.85 and 348 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 -R-
API numberWell no.Acreson the permit
42-383-350937347.85
42-383-337154348
42-383-334845348
42-383-329626348
42-383-012022–
42-383-012063–
42-383-801661–

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

Unit decimal checker

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36 months, newest first

Ledger for UNIVERSITY -R-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261491661410141$80.46$2.89
Jun 20261511691400140$84.81$3.15
May 20261111621410141$102.13$2.94
Apr 20261391661400140$100.32$2.77
Mar 20261611681410141$91.38$3.04
Feb 20261701691400140$64.51$3.62
Jan 20261601691410141$60.04$7.72
Dec 20251261661380138$57.97$4.26
Nov 202514501400140$60.06$3.79
Oct 20251231661600160$60.89$3.19
Sep 20251271651800180$63.96$2.97
Aug 20251381671400140$64.86$2.91
Jul 20251201681450145$68.39$3.20
Jun 202515802400240$68.17$3.02
May 20251411641550155$62.17$3.12
Apr 2025921681220122$63.54$3.42
Mar 20251571701480148$68.24$4.12
Feb 202513501500150$71.53$4.19
Jan 20251451681250125$75.74$4.13
Dec 20241601671550155$70.12$3.01
Nov 20241391671220122$69.95$2.12
Oct 20241521671490149$71.99$2.20
Sep 20242001641220122$70.24$2.28
Aug 20241861681200120$76.68$1.99
Jul 20241101651220122$81.80$2.07
Jun 20241221651250125$79.77$2.54
May 202412101500150$80.02$2.12
Apr 20241421711510151$85.35$1.60
Mar 20242103361240124$81.28$1.49
Feb 20241591671550155$77.25$1.72
Jan 202413601550155$74.15$3.18
Dec 20231923281860186$71.90$2.52
Nov 20231581651500150$77.69$2.71
Oct 20231821721550155$85.64$2.98
Sep 202312801500150$89.43$2.64
Aug 20231441721550155$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

OperatorL & M Operating, Inc.FieldV-Bar (San Andres)CountyReagan County

L & M Operating, Inc. in Reagan County

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V-Bar (San Andres) field

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