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Texas oil lease

Producing

UNIVERSITY BLOCK 14 CONS.

University Block 14 Cons. is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Shafter Lake (San Andres) field.

86 wells

371,936bbl oil, last 12 months−17% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Shafter Lake (San Andres)
RRC lease
08-29524

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
271,275 mcf
Oil in Jul 2026
28,124 bbl

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 BLOCK 14 CONS., Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 371,936 bbl in the 12 months through Jul 2026, against 446,778 bbl in the 12 months before.Last 12 months: 371,936 bblbbl per monthmcf per month0020k10k40k20k60k30k80k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for UNIVERSITY BLOCK 14 CONS., Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 371,936 bbl in the 12 months through Jul 2026, against 446,778 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k10k40k20k60k30k80k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

59% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in Jan 2025.

  • Processing plant (3)
  • Flared (4)
59% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY BLOCK 14 CONS. gas by disposition code each month, Aug 2023 to Jul 2026. 59% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
59% of the gas went to a processing plant in the last 12 monthsShare of UNIVERSITY BLOCK 14 CONS. gas by disposition code each month, Aug 2023 to Jul 2026. 59% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    59% · 159,284 mcf

  • Flared (4)

    41% · 111,991 mcf

41.3% of the gas flared in the last 12 months. 32 months above 3%.

86 wells on this lease

Wells on UNIVERSITY BLOCK 14 CONS.
API numberWell no.Status
42-003-325661806Active
42-003-325671805Active
42-003-327411801Active
42-003-327421802Shut-in
42-003-327431807Active
42-003-327441808Active
42-003-327582505Active
42-003-327592506Active
42-003-329322507Active
42-003-329332508Shut-in
42-003-329871804Active
42-003-329881803Active
42-003-330731901Active
42-003-330741905Active
42-003-330751909Active
42-003-331241911Active
42-003-331251907Active
42-003-331291910Active
42-003-331301906Active
42-003-332101914Active
42-003-332111902Active
42-003-332121908Active
42-003-332131912Active
42-003-332671903Active
42-003-333322011Active
42-003-338911915Active
42-003-338931916Active
42-003-341091602Active
42-003-341101501Active
42-003-341112013Active
42-003-341671505Active
42-003-341681502Active
42-003-341692014Active
42-003-341701601Active
42-003-342162009Active
42-003-342171604Shut-in
42-003-342181603Active
42-003-342231503Active
42-003-342251504Active
42-003-342261507Active
42-003-342272010Active
42-003-342391508Active
42-003-342461506Active
42-003-343491913Active
42-003-343502407Active
42-003-347421509WActive
42-003-347431510WActive
42-003-347441514WActive
42-003-347451515Active
42-003-347461516Active
42-003-347471513WActive
42-003-347481608Active
42-003-347491606Active
42-003-347502029Active
42-003-347512030Active
42-003-347521932Active
42-003-439181917HShut-in
42-003-439511517HShut-in
42-003-447882408HActive
42-003-456221809HActive
42-003-456232509HActive
42-003-468131904Active
42-003-479802505XHActive
42-003-479812502XHActive
42-003-479822501XHActive
42-003-479832503XHActive
42-003-479842504XHActive
42-003-479852506XHActive
42-003-479982402HActive
42-003-479992405HActive
42-003-480001902HActive
42-003-480032002HActive
42-003-480042003HActive
42-003-480052004XHActive
42-003-480712005XHActive
42-003-480722401HActive
42-003-480732403HActive
42-003-480742404HActive
42-003-480752406HActive
42-003-480811905XHActive
42-003-480821901HActive
42-003-480831903HActive
42-003-484661904XHActive
42-003-484671906XHActive
42-003-484682001XHActive
42-003-484692006XHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ngl Crude Assets and Mktg, LLCOilGathers100Jul 21, 2025–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Ngl Crude Logistics, LLCOilGathers100Sep 1, 2014Jul 21, 2025

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

Who buys my oilOil price check

3,372.08 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 3,372.08 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    97 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 Block 14 Cons.
API numberWell no.Acreson the permit
42-003-480742404H3,372.08
42-003-480752406H3,372.08
42-003-480732403H3,372.08
42-003-480722401H3,372.08
42-003-479822501XH3,372.08
42-003-479832503XH3,372.08
42-003-479842504XH3,372.08
42-003-479852506XH3,372.08
42-003-480042003H3,372.08
42-003-480831903H3,372.08
42-003-480821901H3,372.08
42-003-484682001XH3,372.08

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

Unit decimal checker

What Ring Energy, Inc. told investors it received

Ring Energy, Inc. is linked to Ring Energy, Inc. (REI).
Realized prices reported by Ring Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$95.45SEC filing
Q1 2026$68.97SEC filing
Q4 2025$57.47SEC filing
Q3 2025$64.32SEC filing
Q2 2025$62.69SEC filing
Q1 2025$70.40SEC filing

SourceRing Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for UNIVERSITY BLOCK 14 CONS.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202628,12428,02926,23018,4727,758$80.46$2.89
Jun 202629,53329,56825,46022,9062,554$84.81$3.15
May 202631,04031,07626,63421,9134,721$102.13$2.94
Apr 202629,02829,25327,03221,1535,879$100.32$2.77
Mar 202631,66031,78928,26120,8877,374$91.38$3.04
Feb 202628,97529,02024,53722,7141,823$64.51$3.62
Jan 202630,12229,90725,11719,0626,055$60.04$7.72
Dec 202534,05734,29927,89112,17715,714$57.97$4.26
Nov 202532,23532,22815,645015,645$60.06$3.79
Oct 202531,87731,37715,625015,625$60.89$3.19
Sep 202531,25931,47017,099017,099$63.96$2.97
Aug 202534,02634,00411,744011,744$64.86$2.91
Jul 202537,15937,30710,680010,680$68.39$3.20
Jun 202538,82238,6714,68804,688$68.17$3.02
May 202541,08640,96913,8337,2936,540$62.17$3.12
Apr 202534,79335,05211,8023,4768,326$63.54$3.42
Mar 202537,69837,59613,94413,645299$68.24$4.12
Feb 202533,59133,97014,58614,214372$71.53$4.19
Jan 202538,44238,2122,77302,773$75.74$4.13
Dec 202444,66845,15716,14610,2915,855$70.12$3.01
Nov 202436,95736,60316,97213,5523,420$69.95$2.12
Oct 202430,92330,68913,38310,7282,655$71.99$2.20
Sep 202434,42634,61315,81113,3412,470$70.24$2.28
Aug 202438,21338,07815,98414,5721,412$76.68$1.99
Jul 202437,67737,80216,1234,03012,093$81.80$2.07
Jun 202439,22439,33313,5833,18610,397$79.77$2.54
May 202442,33342,21313,5301,11212,418$80.02$2.12
Apr 202441,70441,44910,6651,1229,543$85.35$1.60
Mar 202451,92551,61011,2431,9019,342$81.28$1.49
Feb 202439,14839,17112,6261,77010,856$77.25$1.72
Jan 202437,99938,69415,97011,1444,826$74.15$3.18
Dec 202345,62545,83716,87716,596281$71.90$2.52
Nov 202341,83240,99717,48813,1714,317$77.69$2.71
Oct 202342,36242,70116,16715,997170$85.64$2.98
Sep 202335,21835,16213,2689,6243,644$89.43$2.64
Aug 202338,84938,72415,8859,8566,029$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

OperatorRing Energy, Inc.FieldShafter Lake (San Andres)CountyAndrews County

Ring Energy, Inc. in Andrews County

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Shafter Lake (San Andres) field

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Drilling permits within 10 km