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Texas oil lease

Producing

UNIVERSITY SR 23-26

University SR 23-26 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Lin (Wolfcamp) field.

4 wells

34,888bbl oil, last 12 months−17% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Lin (Wolfcamp)
RRC lease
7C-18681

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
87,869 mcf
Oil in Jul 2026
2,838 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CANES MIDSTREAM G&P LLC replaced DCP OPERATING COMPANY, LP as the buyer of this lease's gas from oil wells on May 1, 2026.

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

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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 SR 23-26, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 34,888 bbl in the 12 months through Jul 2026, against 41,967 bbl in the 12 months before.Last 12 months: 34,888 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for UNIVERSITY SR 23-26, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 34,888 bbl in the 12 months through Jul 2026, against 41,967 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 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 28.7% of the gas in Feb 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY SR 23-26 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 28.7% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 28.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of UNIVERSITY SR 23-26 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 28.7% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 28.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 84,053 mcf

  • Flared (4)

    4.3% · 3,816 mcf

4.3% of the gas flared in the last 12 months. 6 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, Jan 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 20262020202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCJan 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, Jan 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 20262020202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCJan 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.

4 wells on this lease

Wells on UNIVERSITY SR 23-26
API numberWell no.Status
42-383-386981HActive
42-383-3932033HSActive
42-383-3947736HSActive
42-383-3954606HSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100May 1, 2026–
Canes Midstream G&p LLCCasinghead gasBuys100May 1, 2026–
Canes Midstream G&p LLCCasinghead gasGathers100May 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017May 1, 2026
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017May 1, 2026
Plains Marketing, L.p.OilGathers100Apr 1, 2021May 1, 2026
Medallion Operating Company, LLCOilGathers100Jul 1, 2015Apr 1, 2021

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

Who buys my oilOil price check

1,937.40 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 1,291.57 and 1,937.4 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for University SR 23-26
API numberWell no.Acreson the permit
42-383-3954606HS1,937.40
42-383-3947736HS1,937.40
42-383-3932033HS1,937.40
42-383-386981H1,291.57

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 SR 23-26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources2,8383,0598,0698,00465$80.46$2.89
Jun 2026Permian Resources3,1962,8745,4765,4760$84.81$3.15
May 2026Permian Resources3,1203,3404,1974,12572$102.13$2.94
Apr 2026Permian Resources3,0353,1053,8832,999884$100.32$2.77
Mar 2026Permian Resources3,3393,0458,7697,899870$91.38$3.04
Feb 2026Permian Resources2,5482,7016,6984,7731,925$64.51$3.62
Jan 2026Permian Resources3,1192,9698,5308,5300$60.04$7.72
Dec 2025Permian Resources2,6502,7018,1738,1730$57.97$4.26
Nov 2025Permian Resources2,5752,7517,9767,9760$60.06$3.79
Oct 2025Permian Resources3,0042,7648,2888,2880$60.89$3.19
Sep 2025Permian Resources2,7462,7568,7538,7530$63.96$2.97
Aug 2025Permian Resources2,7182,7289,0579,0570$64.86$2.91
Jul 2025Permian Resources2,6612,6749,6679,6670$68.39$3.20
Jun 2025Permian Resources2,6572,74510,02110,0210$68.17$3.02
May 2025Permian Resources3,5363,61813,05813,0580$62.17$3.12
Apr 2025Permian Resources3,4593,42512,86812,8680$63.54$3.42
Mar 2025Permian Resources3,6733,78012,71212,124588$68.24$4.12
Feb 2025Permian Resources3,2053,2359,7808,5711,209$71.53$4.19
Jan 2025Permian Resources3,9263,92711,90311,85647$75.74$4.13
Dec 2024Permian Resources3,6833,83212,46112,4601$70.12$3.01
Nov 2024Permian Resources3,5873,78912,15511,902253$69.95$2.12
Oct 2024Permian Resources3,8623,51612,87412,8740$71.99$2.20
Sep 2024Permian Resources3,7464,05312,10912,08425$70.24$2.28
Aug 2024Permian Resources3,9724,09713,05012,98565$76.68$1.99
Jul 2024Permian Resources3,8763,52113,53413,358176$81.80$2.07
Jun 2024Permian Resources3,6993,69514,97714,850127$79.77$2.54
May 2024Permian Resources4,1244,24815,68315,6830$80.02$2.12
Apr 2024Permian Resources3,9253,98814,49014,4900$85.35$1.60
Mar 2024Permian Resources4,1304,00815,78315,7830$81.28$1.49
Feb 2024Permian Resources4,0224,58315,15315,1530$77.25$1.72
Jan 2024Permian Resources4,1653,37615,19215,1920$74.15$3.18
Dec 2023Permian Resources3,7404,29515,16813,8371,331$71.90$2.52
Nov 2023Permian Resources4,1103,52516,54316,5412$77.69$2.71
Oct 2023Earthstone Operating,3,5193,90817,48517,4850$85.64$2.98
Sep 2023Earthstone Operating,3,6353,25517,88717,624263$89.43$2.64
Aug 2023Earthstone Operating,4,2834,55719,54919,198351$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, LLCFieldLin (Wolfcamp)CountyReagan County

Permian Resources Operating, LLC in Reagan County

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Lin (Wolfcamp) field

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