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Texas oil lease

Producing

UNIVERSITY "3"

University "3" is an oil lease in Crockett County, Texas, operated by Otb Operating, LLC in the Farmer (San Andres) field.

7 wells

5,874bbl oil, last 12 months−15% vs prior year
Operator
Otb Operating, LLC
County
Crockett County
Field
Farmer (San Andres)
RRC lease
7C-09506

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Where it sits

This county

Crockett CountyCrockettIrionUptonReaganCrockett County
Crockett County
Gas, last 12 months
8,804 mcf
Oil in Jul 2026
465 bbl

Production by month

Oil output fell 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "3", Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 5,874 bbl in the 12 months through Jul 2026, against 6,886 bbl in the 12 months before.Last 12 months: 5,874 bblbbl per monthmcf per month002002504005006007508001,0001,0001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for UNIVERSITY "3", Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 5,874 bbl in the 12 months through Jul 2026, against 6,886 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,0001,0001,250Jan 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 "3" 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 "3" 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 "3"
API numberWell no.Status
42-105-338971Shut-in
42-105-414022Active
42-105-415993Active
42-105-418624Active
42-105-423835Active
42-105-424426Active
42-105-424437Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dorado Oil CompanyOilGathers100Apr 1, 2014–
Davis Gas Processing, Inc.Casinghead gasGathers100Oct 1, 2008Jan 1, 2020
Davis Gas Processing, Inc.Casinghead gasBuys100Oct 1, 2008Jan 1, 2020

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

Who buys my oilOil price check

363.95 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 363.95 and 364 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.

Check your decimal on this lease
Permits for University "3"
API numberWell no.Acreson the permit
42-105-424426363.95
42-105-424437363.95
42-105-423835363.95
42-105-418624363.95
42-105-415993363.95
42-105-414022363.95
42-105-338971364

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

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36 months, newest first

Ledger for UNIVERSITY "3"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264654867020702$80.46$2.89
Jun 20264365007190719$84.81$3.15
May 20264954927440744$102.13$2.94
Apr 20264694947050705$100.32$2.77
Mar 20264835137720772$91.38$3.04
Feb 20264543327020702$64.51$3.62
Jan 20265204936780678$60.04$7.72
Dec 20255206594530453$57.97$4.26
Nov 20255105139460946$60.06$3.79
Oct 20254985017650765$60.89$3.19
Sep 20255025007800780$63.96$2.97
Aug 20255225058380838$64.86$2.91
Jul 20255164987770777$68.39$3.20
Jun 20254815027570757$68.17$3.02
May 20255366718490849$62.17$3.12
Apr 20256216758840884$63.54$3.42
Mar 20255495048320832$68.24$4.12
Feb 20255515126910691$71.53$4.19
Jan 20256926758490849$75.74$4.13
Dec 20244785017220722$70.12$3.01
Nov 20246638449060906$69.95$2.12
Oct 20245835038030803$71.99$2.20
Sep 20245734888010801$70.24$2.28
Aug 20246436639030903$76.68$1.99
Jul 20245296758890889$81.80$2.07
Jun 20245483249750975$79.77$2.54
May 20245474938930893$80.02$2.12
Apr 20245386799170917$85.35$1.60
Mar 20246044897140714$81.28$1.49
Feb 20245516717750775$77.25$1.72
Jan 20246605109380938$74.15$3.18
Dec 20233685046590659$71.90$2.52
Nov 20234775148420842$77.69$2.71
Oct 20235736641,12801,128$85.64$2.98
Sep 20235743251,04701,047$89.43$2.64
Aug 20235406759870987$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

OperatorOtb Operating, LLCFieldFarmer (San Andres)CountyCrockett County

Otb Operating, LLC in Crockett County

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Farmer (San Andres) field

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